TOLL vs. NBSM ETF Comparison

Comparison of Tema Monopolies and Oligopolies ETF (TOLL) to Neuberger Berman Small-Mid Cap ETF (NBSM)

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

NBSM

Neuberger Berman Small-Mid Cap ETF

NBSM Description

NBSM focuses on capital growth primarily through investments in small- and mid-cap firms. The fund seeks out undervalued companies with strong market positions and financial health, mainly in domestic markets with a minor proportion in foreign securities. Utilizing a bottom-up analysis, the fund manager identifies organizations they believe are valued below their intrinsic worth. Key considerations include historical returns, market niche, barriers to entry, and self-financing capabilities, emphasizing companies with established business operations over speculative growth prospects. NBSM aims to capitalize on market inefficiencies and manage risks through diversification and fundamental analysis. Furthermore, the manager also takes into account ESG factors into their decision making whenever applicable, aiming for a more comprehensive evaluation of potential investments. The fund may sell a security if it underperforms, reaches a set price or when better investment opportunities arise.

Grade (RS Rating)

Last Trade

$27.37

Average Daily Volume

11,663

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	TOLL	NBSM
30 Days	-0.06%	4.00%
60 Days	-1.76%	4.33%
90 Days	-0.44%	4.56%
12 Months	23.30%

3 Overlapping Holdings

Symbol	Grade	Weight in TOLL	Weight in NBSM	Overlap
FICO	B	5.6%	4.27%	4.27%
TECH	F	1.9%	1.81%	1.81%
TYL	B	2.69%	2.72%	2.69%

TOLL Overweight 25 Positions Relative to NBSM

Symbol	Grade	Weight
GE	D	6.07%
MCO	B	5.89%
ICE	C	5.5%
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%
CME	B	2.78%
AON	A	2.75%
TER	F	2.7%
KLAC	F	2.58%
WAT	C	2.38%
TMO	F	2.22%
LOW	C	2.1%
LRCX	F	2.09%
CNI	F	1.91%
ADI	D	1.89%
DE	B	1.5%
IDXX	F	1.5%
GILD	C	1.09%
BDX	F	1.0%

TOLL Underweight 43 Positions Relative to NBSM

Symbol	Grade	Weight
EXP	B	-3.88%
KEX	B	-3.67%
WSO	A	-3.19%
ITT	A	-3.11%
VMI	B	-3.11%
RYAN	A	-3.08%
ATR	B	-2.93%
RBC	A	-2.92%
HAE	C	-2.9%
CNX	A	-2.68%
TTEK	F	-2.46%
CHE	D	-2.41%
RLI	A	-2.33%
CBU	B	-2.21%
MKSI	C	-2.17%
TTC	C	-2.12%
CR	A	-2.09%
GGG	B	-2.04%
LFUS	D	-1.99%
LECO	C	-1.99%
TXRH	B	-1.94%
ENTG	D	-1.88%
CFR	B	-1.86%
NXST	C	-1.77%
LSCC	D	-1.77%
POWI	F	-1.59%
TDW	F	-1.59%
PB	B	-1.59%
TSCO	D	-1.59%
BSY	F	-1.54%
SPSC	D	-1.51%
CHD	A	-1.51%
LNT	A	-1.49%
ROL	B	-1.46%
SSD	F	-1.37%
ICLR	D	-1.21%
MANH	D	-1.16%
IBP	D	-1.15%
BFAM	D	-1.14%
FND	D	-1.09%
AWI	A	-1.04%
CNM	D	-0.99%
CVLT	B	-0.51%