TOLL
Durable Quality ETF

A U.S.-Focused Portfolio of Quality Companies with Durable, Tangible, and Dominant Moats.

Share Price:

$36.54

February 25, 2026

Why Invest in TOLL?

Durability

TOLL selects companies with dominant competitive positions, often providing mission-critical goods and services that generate recurring revenue.

Tangibility

The digital economy has proven ripe for disruption. By contrast, TOLL invests in companies with tangible asset characteristics, including infrastructure, financial services, and network industries.

Investment Expertise

TOLL is actively managed by an experienced investment team with deep expertise in identifying companies that have built durable moats.

Fund Overview

Fund Details

As of February 25, 2026
Ticker
TOLL
CUSIP
87975E107
Fund Inception Date
05/10/23
Net Expense Ratio
0.55%
Gross Expense Ratio
0.55%
Shares Outstanding
1,320,000
# of Holdings
42
Portfolio Manager
Yuri Khodjamirian, CFA
Primary Exchange
CBOE BZX Exchange

Fund Summary

The Tema Durable Quality ETF (TOLL) invests in companies with deep moats, high barriers to entry, and strong earnings visibility—many of which hold monopoly  positions within their industries.

Portfolio Breakdown

Top 10 holdings

As of February 25, 2026
Company
% of Nav
GE AEROSPACE
6.28%
LAM RESEARCH CORP
5.24%
VISA INC
4.80%
CBOE GLOBAL MARKETS INC
4.21%
PERFORMANCE FOOD GROUP CO
4.17%
KLA CORP
3.98%
FERROVIAL SE
3.17%
THERMO FISHER SCIENTIFIC INC
2.96%
BROADCOM INC
2.82%
FORTINET INC
2.82%

Country Breakdown

United States
90.98%
Netherlands
4.65%
Spain
2.44%
France
1.05%
Others
0.88%

Industry Breakdown

Information Technology
28.43%
Financials
26.56%
Industrials
17.96%
Health Care
13.70%
Consumer Staples
7.33%
Materials
3.72%
Utilities
1.42%
Cash & Cash Equivalents
0.85%
  • Performance
  • Distributions
  • Premium / Discount

Prices & Performance

As of
Jan 31, 2026

TOLL

3 months

1 Year

3 Years

5 Years

Since inception

NAV
5.80% 3.65%
10.33% 12.64%
15.96% 15.02%
Market Price
5.19% 3.21%
9.30% 11.36%
15.85% 14.96%

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

Dec 14, 2023
Dec 13, 2023
Dec 15, 2023
$0.103246
$0.103246
Dec 11, 2024
Dec 11, 2024
Dec 12, 2024
$0.63282052
$0.12082052
Dec 10, 2025
Dec 10, 2025
Dec 11, 2025
$0.11299851
$0.09989046
-0.18 -0.23 -0.25 -0.29 -0.02 -0.03 -0.25 -0.05 -0.18 -0.15 -0.33 -0.16 -0.03 -0.03 -0.2 -0.32 -0.35 0.4 0.22 0.38 0.98

Premium/Discount

Сhart Table

TOLL NAV / Market Price

NAV$36.60
NAV change (1D)$0.20
Median Bid/Ask Spread (30 Day)0.3%
Market Price$36.54
Market Price Change (1D)$0.21
Premium/Discount-0.18%
As of: February 25, 2026

How does the Tema TOLL ETF fit in a portfolio?

Investment Style Box

style-box-1

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

portfolio chart-2
zebra

TOLL ETF

Ellipse 624

Satellite

Ellipse 625

Equity core

Where could a position be funded from?

  • The TOLL ETF seeks to provides exposure to quality companies with dominant and durable moats, and could serve as a replacement for a large cap blend or growth position.
  • Most equity portfolios today are heavily exposed to large and mega cap tech, and TOLL provides a way to diversify away from an overallocation to the technology sector.
  • The TOLL ETF may also act as a tax-efficient and liquid way to introduce the quality factor to a portfolio.

How to buy

*Neither Tema ETFs LLC nor undefined ETF are affiliated with these financial services firms. Their listing should not be viewed as a recommendation or endorsement.

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