Tema Durable Quality ETF

Frequently Asked Questions About TOLL

What does TOLL invest in?

TOLL targets companies with monopolistic or oligopolistic industry structures that have strong competitive advantage and little or no competition. The broad portfolio may include infrastructures such as toll roads, stock exchanges, data, payments, healthcare and patented pharmaceutical companies. The fund selects 15-100 stocks considered highly concentrated by using the Herfindahl-Hirschman Index (HHI), a well-known measure of market concentration that calculates a companys relative size compared to the industry. The fund aims for an attractively valued portfolio through both a top-down approach that narrows down the thematic universe and a bottom-up security analysis focused on valuation multiples and fundamentals. ESG considerations are also integrated with the investment analysis. Securities could be from around the world with up to 25% invested in emerging markets. As an actively managed ETF, the fund manager may make buy, hold or sell decisions at any time at their discretion.

What is the expense ratio of TOLL?

Tema Durable Quality ETF (TOLL) charges an expense ratio of 0.55%. This is the annual fee deducted from fund assets to cover management and operations.

How big is TOLL?

Tema Durable Quality ETF (TOLL) manages $59.5M in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure — funds below ~$50M are at higher risk of liquidation.

Is TOLL actively managed or an index fund?

TOLL is actively managed — the manager selects holdings rather than tracking an index. Active funds typically charge higher expense ratios than index funds (TOLL's is 0.55%) in exchange for the discretion to over- or under-weight positions.

When was TOLL launched?

Tema Durable Quality ETF (TOLL) launched in May 2023 and is managed by Tema.

How has TOLL performed?

TOLL's total return — price change plus reinvested distributions — is charted at the top of this page. Switch the price chart to Total Return and pick a 1-year, 3-year, 5-year, or 10-year window to read the compound annual growth rate (CAGR) over each horizon.