TOLL
Tema Durable Quality ETF
TOLL is an actively managed fund that invests in companies with durable competitive advantages that support resilient growth and profitability.
Global
EQUITY
Active
MANAGEMENT STYLE
$ 59.3 M
ASSETS UNDER MGMT
75 bp
EXPENSES
Fund Basics
| Inception date | May 11, 2023 |
| Regulation | Open-Ended Fund |
| Fund Website | link... |
| Distributions | Annually |
| Currency | USD |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | No |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| KALSHI SPV EXPOSURE | 6.9 % |
| FORTINET INC | 5.5 % |
| GE AEROSPACE | 5.5 % |
| VISA INC. CLASS A | 5.3 % |
| LAM RESEARCH CORP | 5.1 % |
| CBOE HOLDINGS INC | 5.0 % |
| PERFORMANCE FOOD GROUP COMPANY | 4.8 % |
| KLA CORPORATION | 4.3 % |
| APPLIED MATERIALS INC | 3.3 % |
| KEYSIGHT TECHNOLOGIES INC | 3.2 % |
Constituent Breakdown
| Number of holdings | 36 |
| Herfindahl-Hirschman Index | 348 |
| Wgt avg mkt cap (mns) | $206,813 |
| Large cap (>$10bn) | 87.1% |
| Mid cap ($2-10bn) | 3.2% |
| Small cap (<$2bn) | 0.0% |
| Developed mkts. | 90.3% |
| Emerging mkts. | 0.0% |
Sector Breakdown
Country Exposure
 |
UNITED STATES | 82.2 % |
 |
SPAIN | 4.9 % |
 |
NETHERLANDS | 1.4 % |
 |
GERMANY | 1.0 % |
 |
FRANCE | 0.8 % |
Historical Performance
Standardized Performance (as of 07/31/2026)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 11.1% | 15.5% | 9.5% | 13.7% | -- | -- | -- | 15.0% |
| Dividend Yield | 0.0% | 0.4% | 1.2% | 1.0% | -- | -- | -- | 0.9% |
| Total Returns | 11.1% | 15.9% | 10.7% | 14.7% | -- | -- | -- | 15.9% | Ann. Volatility | 19.0% | 16.1% | 17.8% | 16.5% | -- | -- | -- | 16.2% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.01 | 64% |
| MSCI EAFE | 0.78 | 56% |
| MSCI Emg Mkts | 0.50 | 55% |
Liquidity Measures
| Avg. volume (000) | 8 |
| ADV traded (mns) | $0 |
| Turnover | 0.5% |
| Avg. Bid/Ask (% of price) | 0.40% |
Technical Indicators
| 30d moving avg. (EMA) | $39.55 |
| Relative strength (RSI) | 50 |
| MACD/Signal | -0.33/-0.19 |
| Bollinger Bands (Upper/Lower) | $41.12/$38.25 |
| Short interest (% of AUM) | 0.4% |
Distributions
Top Ten Comparable ETFs only shown here. For an extended list become an Individual or Professional subscriber. Start your FREE trial
Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. TOLL |
Expenses vs. TOLL |
ALTAR Score™ vs. TOLL |
|---|---|---|---|---|
| SPHQ | Invesco S&P 500 Quality ETF | 28.6% | -60 bp | +0.6% |
| XPND | First Trust Expanded Technology ETF | 25.1% | -10 bp | -1.2% |
| PWB | Invesco Large Cap Growth ETF | 22.7% | -19 bp | -1.8% |
| QLTY | GMO U.S. Quality ETF | 22.3% | -25 bp | -0.3% |
| LCOW | Pacer S&P 500 Quality FCF Aristocrats ETF | 22.2% | -26 bp | +1.2% |
| QQQG | Pacer Nasdaq 100 Top 50 Cash Cows Growth Leaders ETF | 21.0% | -26 bp | -1.3% |
| PEXL | Pacer US Export Leaders ETF | 19.9% | -15 bp | -1.1% |
| NULG | Nuveen ESG Large-Cap Growth ETF | 19.8% | -49 bp | -0.7% |
| SPVU | Invesco S&P 500 Enhanced Value ETF | 19.7% | -62 bp | +4.4% |
| SHOC | Strive U.S. Semiconductor ETF Strive U.S. Semiconductor ETF | 19.6% | -35 bp | -2.5% |
Risk and Returns: TOLL vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
Content on this tab for Individual & Professional subscribers only. Start your FREE trial
Results & Estimates (USD)
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | ||
|---|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Book value per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
Content on this tab for Individual & Professional subscribers only. Start your FREE trial
Valuation Metrics
| Fwd Est | 2025 | 2026 | 2027 | |
| Price-to-sales | --x | --x | --x | --x |
| Price-to-earnings | --x | --x | --x | --x |
| Price-to-cash flow | --x | --x | --x | --x |
| Price-to-growth | --x | --x | --x | --x |
| Price-to-book value | --x | --x | --x | --x |
| Yield | --% | --% | --x | --% |
Based on closing prices from 8/9/2026
Peer Group Comparison
Sample data. Subscribe for access.
Historical Valuation Trends Sample data. Subscribe for access.
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
Some content on this tab for Individual & Professional subscribers only. Start your FREE trial
ETF Research Center Rating
4.7%
ALTAR SCORE™
57th
PERCENTILE
NEUTRAL
ETFRC RATING
There are 736 funds in the Global Equity category with an average
ALTAR Score™ of 4.3% and a standard deviation
of 2.6%. TOLL's ALTAR Score™ is approximately 0.2 standard
deviations above the category average. This places TOLL in the 57th percentile
among funds in the category.
Sell-Side Consensus
$40.93
PRICE TARGET
+2.2%
UPSIDE
Bid/Ask Spreads
40 bp
AVG SPREAD
12 —
374 bp
RANGE