KMID vs. TOLL ETF Comparison

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

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

$25.36

Average Daily Volume

13,592

Number of Holdings ^*

* may have additional holdings in another (foreign) market

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

$32.61

Average Daily Volume

1,706

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	KMID	TOLL
30 Days		-1.37%
60 Days		-0.21%
90 Days		1.57%
12 Months		27.51%

3 Overlapping Holdings

Symbol	Grade	Weight in KMID	Weight in TOLL	Overlap
EFX	F	4.09%	2.96%	2.96%
FICO	B	3.07%	5.27%	3.07%
MSCI	B	2.79%	3.23%	2.79%

KMID Overweight 22 Positions Relative to TOLL

Symbol	Grade	Weight
AME	A	6.15%
TDY	B	4.11%
POOL	D	4.07%
LII	B	3.99%
DPZ	C	3.93%
ROST	D	3.87%
ODFL	B	3.8%
WST	B	3.75%
HEI	A	3.73%
WAB	B	3.61%
BRO	B	3.58%
PNR	A	3.58%
NDSN	B	3.55%
VRSK	A	3.55%
BSY	F	3.45%
ROL	C	3.35%
MPWR	F	3.15%
LPLA	A	3.01%
ALGN	D	2.92%
BR	A	2.84%
FDS	A	2.52%
WRB	B	2.46%

KMID Underweight 25 Positions Relative to TOLL

Symbol	Grade	Weight
GE	D	-6.0%
MCO	C	-5.66%
ICE	C	-5.4%
V	A	-5.22%
SPGI	C	-4.44%
SHW	A	-4.21%
INTU	A	-3.46%
VMC	B	-3.33%
CPRT	A	-3.16%
TER	F	-2.87%
KLAC	F	-2.82%
TYL	B	-2.72%
AON	B	-2.69%
CME	B	-2.68%
WAT	B	-2.5%
TMO	F	-2.35%
LRCX	F	-2.31%
TECH	D	-2.1%
ADI	D	-2.04%
LOW	B	-2.03%
CNI	F	-1.95%
IDXX	F	-1.51%
DE	D	-1.51%
GILD	B	-1.18%
BDX	F	-0.98%