TOLL vs. BCDF ETF Comparison

Comparison of Tema Monopolies and Oligopolies ETF (TOLL) to Horizon Kinetics Blockchain Development ETF (BCDF)

TOLL

Tema Monopolies and Oligopolies ETF

TOLL Description

Under normal circumstances, the fund seeks to achieve its investment objective by investing at least 80% of its net assets, which include borrowings for investment purposes, in domestic and foreign, common and preferred stocks of publicly listed companies where the Herfindahl"Hirschman (HHI) index of the market of operation representing more than 50% of the company"s revenue is above 2,500. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$33.02

Average Daily Volume

1,614

Number of Holdings ^*

* may have additional holdings in another (foreign) market

BCDF

Horizon Kinetics Blockchain Development ETF

BCDF Description

Horizon Kinetics Blockchain Development ETF is an exchange traded fund launched by Listed Funds Trust. The fund is managed by Horizon Kinetics Asset Management LLC. The fund invests in public equity markets of global region. It invests in stocks of companies operating across blockchain development sectors. The fund invests in growth and value stocks of companies across diversified market capitalization. The fund employs fundamental analysis with bottom-up stock picking approach to create its portfolio. The fund employs internal research to create its portfolio. Horizon Kinetics Blockchain Development ETF was formed on August 1, 2022 and is domiciled in the United States.

Grade (RS Rating)

Last Trade

$29.64

Average Daily Volume

1,364

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	TOLL	BCDF
30 Days	-0.06%	3.20%
60 Days	-1.76%	8.06%
90 Days	-0.44%	10.09%
12 Months	23.30%	31.39%

2 Overlapping Holdings

	Symbol	Grade	Weight in TOLL	Weight in BCDF	Overlap
	CME	B	2.78%	1.99%	1.99%
	ICE	C	5.5%	5.39%	5.39%

TOLL Overweight 26 Positions Relative to BCDF

Symbol	Grade	Weight
GE	D	6.07%
MCO	B	5.89%
FICO	B	5.6%
V	A	5.4%
SPGI	C	4.6%
SHW	B	4.25%
INTU	B	3.61%
MSCI	C	3.4%
CPRT	B	3.29%
VMC	B	3.28%
EFX	F	2.79%
AON	A	2.75%
TER	F	2.7%
TYL	B	2.69%
KLAC	F	2.58%
WAT	C	2.38%
TMO	F	2.22%
LOW	C	2.1%
LRCX	F	2.09%
CNI	F	1.91%
TECH	F	1.9%
ADI	D	1.89%
DE	B	1.5%
IDXX	F	1.5%
GILD	C	1.09%
BDX	F	1.0%

TOLL Underweight 11 Positions Relative to BCDF

Symbol	Grade	Weight
CACI	D	-6.6%
CBOE	C	-5.72%
NDAQ	A	-5.1%
TW	A	-4.5%
WT	A	-3.82%
SAIC	F	-3.52%
MKTX	D	-2.8%
APLD	B	-1.34%
DBRG	F	-0.98%
BR	A	-0.97%
BAH	F	-0.75%