TOLL vs. IAI ETF Comparison

Comparison of Tema Monopolies and Oligopolies ETF (TOLL) to iShares U.S. Broker-Dealers ETF (IAI)

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

IAI

iShares U.S. Broker-Dealers ETF

IAI Description

The investment seeks to track the investment results of an index composed of U.S. equities in the investment services sector. The fund generally invests at least 90% of its assets in securities of the underlying index and in depositary receipts representing securities of the index. It seeks to track the investment results of the Dow Jones U.S. Select Investment Services Index (the "underlying index"), which measures the performance of the investment services sector of the U.S. equity market. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$150.77

Average Daily Volume

101,301

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	TOLL	IAI
30 Days	-0.06%	10.55%
60 Days	-1.76%	18.10%
90 Days	-0.44%	19.69%
12 Months	23.30%	57.52%

5 Overlapping Holdings

Symbol	Grade	Weight in TOLL	Weight in IAI	Overlap
CME	B	2.78%	3.82%	2.78%
ICE	C	5.5%	3.67%	3.67%
MCO	B	5.89%	3.78%	3.78%
MSCI	C	3.4%	4.03%	3.4%
SPGI	C	4.6%	12.62%	4.6%

TOLL Overweight 23 Positions Relative to IAI

Symbol	Grade	Weight
GE	D	6.07%
FICO	B	5.6%
V	A	5.4%
SHW	B	4.25%
INTU	B	3.61%
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 27 Positions Relative to IAI

Symbol	Grade	Weight
GS	A	-14.35%
MS	A	-12.73%
COIN	C	-6.64%
SCHW	B	-4.88%
NDAQ	A	-3.87%
RJF	A	-3.56%
LPLA	A	-2.81%
HOOD	B	-2.74%
CBOE	C	-2.48%
IBKR	A	-2.32%
FDS	B	-2.25%
TW	A	-1.8%
JEF	A	-1.44%
SF	B	-1.43%
EVR	B	-1.29%
MKTX	D	-1.2%
HLI	A	-1.18%
MORN	B	-1.11%
LAZ	B	-0.76%
PIPR	A	-0.64%
PJT	A	-0.47%
MC	C	-0.47%
BGC	C	-0.43%
VIRT	A	-0.37%
SNEX	A	-0.33%
DFIN	D	-0.2%
LPRO	B	-0.08%