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
$ 45.8 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 | 8.7 % |
| LAM RESEARCH CORP | 6.3 % |
| KLA CORPORATION | 5.6 % |
| GE AEROSPACE | 5.3 % |
| FORTINET INC | 4.9 % |
| VISA INC. CLASS A | 4.6 % |
| PERFORMANCE FOOD GROUP COMPANY | 4.3 % |
| APPLIED MATERIALS INC | 3.9 % |
| CBOE HOLDINGS INC | 3.5 % |
| KEYSIGHT TECHNOLOGIES INC | 3.1 % |
Constituent Breakdown
| Number of holdings | 34 |
| Herfindahl-Hirschman Index | 366 |
| Wgt avg mkt cap (mns) | $186,118 |
| Large cap (>$10bn) | 89.2% |
| Mid cap ($2-10bn) | 2.1% |
| Small cap (<$2bn) | 0.0% |
| Developed mkts. | 91.3% |
| Emerging mkts. | 0.0% |
Sector Breakdown
Country Exposure
 |
UNITED STATES | 80.6 % |
 |
SPAIN | 4.8 % |
 |
NETHERLANDS | 1.3 % |
 |
FRANCE | 0.8 % |
Historical Performance
Standardized Performance (as of 06/30/2026)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 18.5% | 22.2% | 15.3% | 16.8% | -- | -- | -- | 17.8% |
| Dividend Yield | 0.0% | 0.4% | 1.3% | 1.0% | -- | -- | -- | 1.0% |
| Total Returns | 18.5% | 22.6% | 16.6% | 17.8% | -- | -- | -- | 18.8% | Ann. Volatility | 19.2% | 15.7% | 17.8% | 16.3% | -- | -- | -- | 16.2% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.01 | 64% |
| MSCI EAFE | 0.75 | 56% |
| MSCI Emg Mkts | 0.50 | 53% |
Liquidity Measures
| Avg. volume (000) | 26 |
| ADV traded (mns) | $1 |
| Turnover | 2.3% |
| Avg. Bid/Ask (% of price) | 0.41% |
Technical Indicators
| 30d moving avg. (EMA) | $39.89 |
| Relative strength (RSI) | 57 |
| MACD/Signal | 0.63/0.66 |
| Bollinger Bands (Upper/Lower) | $42.01/$38.49 |
| 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 | 29.0% | -60 bp | +0.6% |
| XPND | First Trust Expanded Technology ETF | 26.1% | -10 bp | -1.1% |
| LEAD | Siren DIVCON Leaders Dividend ETF | 25.9% | -32 bp | -0.3% |
| LCOW | Pacer S&P 500 Quality FCF Aristocrats ETF | 23.3% | -26 bp | +1.4% |
| PWB | Invesco Large Cap Growth ETF | 23.2% | -19 bp | -1.7% |
| QLTY | GMO U.S. Quality ETF | 23.0% | -25 bp | -0.1% |
| PEXL | Pacer US Export Leaders ETF | 22.8% | -15 bp | -1.0% |
| QQQG | Pacer Nasdaq 100 Top 50 Cash Cows Growth Leaders ETF | 22.6% | -26 bp | -1.3% |
| SHOC | Strive U.S. Semiconductor ETF Strive U.S. Semiconductor ETF | 22.3% | -35 bp | -2.4% |
| CHPS | Xtrackers Semiconductor Select Equity ETF | 22.2% | -60 bp | -1.7% |
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.
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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
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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 7/4/2026
Peer Group Comparison
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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.
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ETF Research Center Rating
4.6%
ALTAR SCORE™
52nd
PERCENTILE
NEUTRAL
ETFRC RATING
There are 733 funds in the Global Equity category with an average
ALTAR Score™ of 4.4% and a standard deviation
of 2.7%. TOLL's ALTAR Score™ is approximately 0.1 standard
deviations above the category average. This places TOLL in the 52nd percentile
among funds in the category.
Sell-Side Consensus
$40.93
PRICE TARGET
+0.9%
UPSIDE
Bid/Ask Spreads
41 bp
AVG SPREAD
15 —
374 bp
RANGE