TOLL vs. KMID ETF Comparison

Comparison of Tema Monopolies and Oligopolies ETF (TOLL) to Virtus KAR Mid-Cap ETF (KMID)

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

$32.64

Average Daily Volume

1,628

Number of Holdings ^*

* may have additional holdings in another (foreign) market

KMID

Virtus KAR Mid-Cap ETF

KMID Description

The fund advisor pursues long-term capital appreciation in the medium capitalization sector while seeking less market risk than the Russell Midcap® Index. The fund advisor invests in medium market capitalization companies believed by Kayne Anderson Rudnick Investment Management, LLC, the fund"s sub-adviser, to be undervalued relative to their future growth potential. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$25.60

Average Daily Volume

12,790

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	TOLL	KMID
30 Days	-2.56%	1.41%
60 Days	-3.28%
90 Days	-1.19%
12 Months	21.83%

3 Overlapping Holdings

Symbol	Grade	Weight in TOLL	Weight in KMID	Overlap
EFX	F	2.79%	3.98%	2.79%
FICO	A	5.6%	3.28%	3.28%
MSCI	C	3.4%	2.94%	2.94%

TOLL Overweight 25 Positions Relative to KMID

Symbol	Grade	Weight
GE	D	6.07%
MCO	B	5.89%
ICE	D	5.5%
V	A	5.4%
SPGI	D	4.6%
SHW	C	4.25%
INTU	B	3.61%
CPRT	B	3.29%
VMC	B	3.28%
CME	A	2.78%
AON	B	2.75%
TER	F	2.7%
TYL	B	2.69%
KLAC	F	2.58%
WAT	B	2.38%
TMO	D	2.22%
LOW	C	2.1%
LRCX	F	2.09%
CNI	F	1.91%
TECH	F	1.9%
ADI	D	1.89%
DE	C	1.5%
IDXX	F	1.5%
GILD	B	1.09%
BDX	F	1.0%

TOLL Underweight 22 Positions Relative to KMID

Symbol	Grade	Weight
AME	A	-6.31%
TDY	B	-4.11%
HEI	A	-4.06%
LII	A	-3.97%
WST	C	-3.92%
POOL	D	-3.92%
ROST	D	-3.88%
ODFL	B	-3.82%
DPZ	C	-3.82%
PNR	B	-3.68%
VRSK	A	-3.63%
WAB	B	-3.57%
BRO	B	-3.55%
NDSN	C	-3.5%
ROL	B	-3.42%
BSY	D	-3.25%
LPLA	A	-3.1%
ALGN	D	-2.92%
BR	B	-2.92%
FDS	B	-2.64%
WRB	A	-2.47%
MPWR	F	-2.35%