TOLL
Monopolies and Oligopolies ETF
Quality companies operating in monopolistic and oligopolistic industry structures
Why TOLL ETF?
Mission Critical
Monopolies typically occur in industries where products and services have immense value to customers with few substitutes
Pricing Power
Whether implicitly or explicitly, monopolies command pricing power, which can help drive earnings growth and mitigate cost pressures on margins
Defensive
High barriers to entry, such as regulation, can help create defensive earnings streams
Growth
Stable defensive revenue growth and prudent cost management can potentially lead to long duration earnings growth
Quality
Businesses with sustainable competitive advantages have the potential to generate consistently high returns over the long term
Fund Overview
Fund Details
As of March 28, 2024
Fund Summary
Portfolio Manager
CIO
Yuri Khodjamirian, CFA
How does the Tema TOLL ETF fit in a portfolio?
Investment Style Box
Source: Tema. The investment style Box reveal’s a fund’s investment strategy by showing its investment style and market capitalization based on the fund’s portfolio holdings.
Potential Portfolio
Equity Allocation
10-20%
of Equity Core
TOLL ETF
Satellite
Equity core
Where could a position be funded from?
- The TOLL ETF provides exposure to quality businesses and could act as a quality factor add in a portfolio.
- The TOLL ETF has a large-cap growth style.
- The TOLL ETF is a defensive quality equity exposure that still enjoys the potential for long-term growth.
Portfolio Breakdown
Top 10 holdings
As of March 28, 2024
Country Breakdown
United States
57.85%France
15.53%Canada
8.62%Netherlands
6.37%Others
11.63%Industry Breakdown
Industrials
29.04%Technology
21.26%Business Services
14.45%Finance
11.49%Healthcare
10.00%Non-Energy Materials
6.82%Cash & Cash Equivalents
3.49%Consumer Cyclicals
3.46%- Performance
- Distributions
- Premium / Discount
Prices & Performance
- Feb 29, 2024
- Dec 31, 2023
TOLL
3 months
1 Year
3 Years
5 Years
Since inception
Performance data quoted represents past performance and is no guarantee of future results. Investment return and principal value of an investment will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than the original cost. Current performance may be lower or higher than the performance data quoted. Returns for periods of less than one year are not annualized.
The market price returns are based on the official closing price of an ETF share or, if the official closing price isn’t available, the midpoint between the national best bid and national best offer (“NBBO”) as of the time the ETF calculates current NAV per share, and do not represent the returns you would receive if you traded shares at other times. NAVs are calculated using prices as of 4:00 PM Eastern Time. The first trading date is typically several days after the fund inception date. Therefore, NAV is used to calculate market returns prior to the first trade date because there is no bid/ask spread until the fund starts trading.
Distributions
Record Date
Ex-Date
Payable Date
Total Distribution
Income
ST Cap Gains
Premium/Discount
Days Traded at Nav
Days Traded at Premium
Days Traded at Discount
TOLL NAV / Market Price
Risk Information
Carefully consider the Fund’s investment objectives, risk factors, charges and expenses before investing. This and additional information can be found in the Fund’s prospectus or summary prospectus, which may be obtained by visiting www.temaetfs.com.
Read the prospectus carefully before investing.
Diversification does not ensure profits or prevent losses.
Investing involves risk including possible loss of principal. There is no guarantee the adviser’s investment strategy will be successful.
Sector Focus Risk: The Fund may invest a significant portion of its assets in one or more sectors, including Engineering and construction, Financial Sector, FinTech, Industrials and Infrastructure, and thus will be more susceptible to the risks affecting those sectors than funds that have more diversified holdings across several sectors.
The success of the Fund’s investment strategy depends in part on the ability of the companies in which it invests to maintain proprietary technology used in their products and services. Companies in which the Fund invests will rely, in part, on patent, trade secret and trademark law to protect that technology, but competitors may misappropriate their intellectual property, and disputes as to ownership of intellectual property may arise.
Similarly, if a company is found to infringe upon or misappropriate a third-party’s patent or other proprietary rights, that company could be required to pay damages to such third-party, alter its own products or processes, obtain a license from the third-party and/or cease activities utilizing such proprietary rights, including making or selling products utilizing such proprietary rights. These disputes and litigations may be detrimental to performance.
Investing in Foreign and emerging markets involves risks relating to political, economic, or regulatory conditions not associated with investments in U.S. securities and instruments. In addition, the fund is exposed to currency risk.
Because the Fund evaluates ESG factors to assess and exclude certain investments for non-financial reasons, the Fund may forego some market opportunities available to funds that do not use these ESG factors.
Tema Global Limited serves as the investment adviser to Tema Monopolies and Oligopolies ETF (the “Fund”), and NEOS Investments, LLC serves as a sub-adviser to the Fund. The Fund is distributed by Foreside Fund Services LLC, which is not affiliated with Tema Global Limited nor NEOS Investments, LLC. Check the background of Foreside on FINRA’s BrokerCheck.