TOLL vs. CWS ETF Comparison

Comparison of Tema Monopolies and Oligopolies ETF (TOLL) to AdvisorShares Focused Equity ETF (CWS)

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

$32.64

Average Daily Volume

1,628

Number of Holdings ^*

* may have additional holdings in another (foreign) market

CWS

AdvisorShares Focused Equity ETF

CWS Description

The AdvisorShares Focused Equity ETF seeks long-term capital appreciation. CWS aims to achieve its investment objective by investing primarily in a focused group of U.S. exchange-listed equity securities that the portfolio manager believes have favorable fundamental attributes.

Grade (RS Rating)

Last Trade

$70.28

Average Daily Volume

13,817

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	TOLL	CWS
30 Days	-2.56%	-0.20%
60 Days	-3.28%	1.68%
90 Days	-1.19%	4.14%
12 Months	21.83%	27.49%

5 Overlapping Holdings

Symbol	Grade	Weight in TOLL	Weight in CWS	Overlap
FICO	A	5.6%	6.68%	5.6%
ICE	D	5.5%	4.12%	4.12%
INTU	B	3.61%	3.78%	3.61%
MCO	B	5.89%	4.15%	4.15%
TMO	D	2.22%	3.36%	2.22%

TOLL Overweight 23 Positions Relative to CWS

Symbol	Grade	Weight
GE	D	6.07%
V	A	5.4%
SPGI	D	4.6%
SHW	C	4.25%
MSCI	C	3.4%
CPRT	B	3.29%
VMC	B	3.28%
EFX	F	2.79%
CME	A	2.78%
AON	B	2.75%
TER	F	2.7%
TYL	B	2.69%
KLAC	F	2.58%
WAT	B	2.38%
LOW	C	2.1%
LRCX	F	2.09%
CNI	F	1.91%
TECH	F	1.9%
ADI	D	1.89%
DE	C	1.5%
IDXX	F	1.5%
GILD	B	1.09%
BDX	F	1.0%

TOLL Underweight 20 Positions Relative to CWS

Symbol	Grade	Weight
FI	A	-5.35%
MLR	C	-5.32%
HEI	A	-5.2%
APH	B	-4.89%
AFL	C	-4.57%
SYK	A	-4.3%
COR	B	-4.02%
SLGN	A	-3.96%
ROL	B	-3.86%
BR	B	-3.77%
OTIS	D	-3.73%
AGM	B	-3.63%
FDS	B	-3.54%
ABT	B	-3.54%
AWK	C	-3.39%
SAIC	F	-3.38%
MGRC	B	-3.38%
HSY	F	-3.28%
PII	F	-2.38%
CE	F	-1.6%