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Robinhood
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E-Trade
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Invest directly by choosing one of the brokers below

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Robinhood
Public
Fidelity
E-Trade
Charles Schwab
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Robinhood
Public
Fidelity
E-Trade
Charles Schwab
Start investing now

Invest directly by choosing one of the brokers below

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Robinhood
Public
Fidelity
E-Trade
Charles Schwab
Start investing now

Invest directly by choosing one of the brokers below

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Robinhood
Public
Fidelity
E-Trade
Charles Schwab
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TOLL
Durable Quality ETF

Invest in Quality Companies with Durable Moats.

LEARN MORE
Share Price:

$34.84

October 24, 2025
Factsheet
How to Invest

Why Invest in TOLL ETF?

Group 48095949

Durable Quality

Not all quality is created equal. Tema recognizes the importance of durability, typically found in dominant companies selling mission critical goods and services.

Group 48095950

Tangible Moats

TOLL prioritizes tangible moat companies with real asset characteristics, across regulated critical infrastructure, financial services and network industries.

icons-themes-mntl-unmet-medical-need

Investment Expertise

TOLL is managed by an experience investment team with a combined 30 years experiences covering these companies. 

Fund Overview

Fund Details

As of October 24, 2025
Primary Exchange
CBOE BZX Exchange
Ticker
TOLL
AuM ($)
$73,042,253
# of Holdings
43
Fund Inception Date
05/10/23
Gross Expense Ratio
0.55%
Shares Outstanding
2,100,000
Portfolio Manager
Yuri Khodjamirian, CFA
Investment Advisor
Tema ETFs LLC
Investment Sub-Advisor
NEOS Investments, LLC

Fund Summary

The Tema Durable Quality ETF (TOLL) seeks to invest in durable quality companies that possess strong financial characteristics like recurring revenues, dominant market share and high returns on invested capital. 

TOLL Overview
Summary Prospectus

Portfolio Breakdown

Top 10 holdings

As of October 24, 2025
Company
% of Nav
GE AEROSPACE
6.15%
VISA INC
5.60%
INTUIT INC
4.43%
PERFORMANCE FOOD GROUP CO
4.02%
THERMO FISHER SCIENTIFIC INC
3.47%
CBOE GLOBAL MARKETS INC
3.44%
LAM RESEARCH CORP
3.34%
KLA CORP
3.15%
MOODY'S CORP
3.05%
INTERCONTINENTAL EXCHANGE INC
2.96%
Download Holdings

Country Breakdown

United States
89.89%
Netherlands
4.61%
Spain
2.24%
Ireland
2.06%
Others
1.20%

Industry Breakdown

Financials
27.79%
Information Technology
23.29%
Industrials
18.05%
Health Care
16.82%
Consumer Staples
6.84%
Materials
3.91%
Consumer Discretionary
1.89%
Utilities
1.14%
Cash & Cash Equivalents
0.28%
  • Performance
  • Distributions
  • Premium / Discount

Prices & Performance

As of
Sep 30, 2025

TOLL

3 months

1 Year

3 Years

5 Years

Since inception

NAV
0.16% 0.16%
3.63% 3.63%
14.99% 14.99%
Market Price
0.21% 0.21%
3.14% 3.14%
15.13% 15.13%

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

LT Cap Gains

Dec 14, 2023
Dec 13, 2023
Dec 15, 2023
$0.103246
$0.103246
$0.000000
$0.00
Dec 11, 2024
Dec 11, 2024
Dec 12, 2024
$0.63282052
$0.12082052
$0.512
$0.00
0.17 -0.03 0.38 0.04 0.42 0.36 0.31 0.3 0.29 0.34 0.49 0.26 0.27 0.31 0.33 0.3 0.2 0.53 0.84 0.96 0.73 0.74 0.72 0.62

Premium/Discount

Сhart Table

TOLL NAV / Market Price

NAV$34.78
NAV change (1D)$0.14
Median Bid/Ask Spread (30 Day)0.35%
Market Price$34.84
Market Price Change (1D)$0.21
Premium/Discount0.17%
As of: October 24, 2025

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.