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Which fund are you interested in?
Life Sciences
HRTS 
GLP-1, Obesity & Cardiometabolic ETF
CANC
Oncology ETF
MNTL
Neuroscience and Mental Health ETF
Strategic Equity
TOLL
Monopolies and Oligopolies ETF
RSHO
American Reshoring ETF
VOLT
Tema Electrification ETF
LUX
Luxury ETF
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Why TOLL ETF?
Durable
Companies with durable competitive advantages that can last decades, often benefit from stable growth that compounds returns over the long-term
Dominant
Mission critical products and services have the potential to create immense customer value and give rise to companies with dominant market positions and few substitutes
Tangible
Tangible moats often lead to stronger and deeper barriers to entry than intangible ones, which may help protect companies from competition
Defensive
High tangible barriers to entry, can help create defensive and predictable earnings streams
Quality Growth
Quality companies with dominant and durable moats have the potential to generate consistently high returns over the long-term
Fund Overview
Fund Details
As of December 20, 2024
Primary Exchange
CBOE BZX Exchange
Ticker
TOLL
AuM (USD)
$15,802,090
# of Holdings
36
Fund Inception Date
05/10/23
Gross Expense Ratio
0.55%
Net Expense Ratio
0.55%
Implied Liquidity (# of shares)
ETF Implied liquidity is a representation of how many shares can potentially be traded daily in an ETF as portrayed by the creation unit. This is defined as the smallest value of the IDTS (Implied Daily Tradable Shares) for each holding in the creation unit.
14,740,796
Implied Liquidity (USD)
ETF Implied liquidity is a representation of how many shares can potentially be traded daily in an ETF as portrayed by the creation unit. This is defined as the smallest value of the IDTS (Implied Daily Tradable Shares) for each holding in the creation unit.
$466M
Shares Outstanding
500,000
Investment Advisor
Tema Global Limited
Sub-Investment Advisor
NEOS Investments, LLC
Fund Summary
The actively managed Tema Monopolies and Oligopolies ETF seeks to provide long-term growth by investing in quality companies with dominant and durable moats. These companies are characterized by sustainable competitive advantages, tangible barriers to entry and defensive earnings streams. As a result, they tend to generate high returns on invested capital that compound over long periods of time.
Portfolio Manager
CIO
Yuri Khodjamirian, CFA
Yuri spent over a decade at Majedie Asset Management managing UK and Global portfolios. As co-manager of the Majedie UK Income Fund, he helped build the fund from start-up stage, raising several billion in assets. He later set up his own long-only fund and sits on the board of a private Scandinavian biotechnology company. He holds degrees in Economics from University of Cambridge and LSE (distinction), as well as a degree in Bioscience Enterprise from University of Cambridge. Yuri is a CFA charter holder.
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 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.
FAQ
Which companies with moats are included in Tema’s TOLL ETF?
Can durable moat firms generate higher returns than broader markets?
How many holdings of high-quality companies are in Tema’s TOLL ETF?
Are monopolies a subset of wide moat firms?
What are the best types of investments for compounding?
How does an ETF focused on companies with moats differ from a broad market ETF?
What are the risks of investing in an ETF focused on quality companies with wide moats?
What is an economic moat?
How to buy
*Neither Tema Global Limited nor undefined ETF are affiliated with these financial services firms. Their listing should not be viewed as a recommendation or endorsement.