TOLL vs. FCTE ETF Comparison

Comparison of Tema Monopolies and Oligopolies ETF (TOLL) to SMI 3Fourteen Full-Cycle Trend ETF (FCTE)

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

$32.40

Average Daily Volume

1,572

Number of Holdings ^*

* may have additional holdings in another (foreign) market

FCTE

SMI 3Fourteen Full-Cycle Trend ETF

FCTE Description

The fund is actively managed and typically owns 20 domestic stocks that are normally included in the S&P 500 Index ("S&P 500"). The FCT strategy is based on a proprietary model developed by 3Fourteen that selects stocks based on quality stock screens and trend factors such as return on capital and cash flow stability, earnings growth, return on investment, momentum, linear regression and trend analysis. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$26.48

Average Daily Volume

113,504

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	TOLL	FCTE
30 Days	-3.46%	-3.60%
60 Days	-3.34%	-1.98%
90 Days	2.17%	3.09%
12 Months	30.35%

3 Overlapping Holdings

Symbol	Grade	Weight in TOLL	Weight in FCTE	Overlap
KLAC	F	2.77%	4.47%	2.77%
LRCX	F	2.16%	4.76%	2.16%
MCO	D	5.79%	5.0%	5.0%

TOLL Overweight 25 Positions Relative to FCTE

Symbol	Grade	Weight
GE	D	6.19%
ICE	C	5.79%
V	A	4.92%
FICO	B	4.92%
SPGI	D	4.64%
SHW	D	4.04%
MSCI	C	3.4%
TER	F	3.26%
INTU	D	3.14%
EFX	D	3.03%
VMC	A	2.96%
CPRT	D	2.96%
CME	B	2.79%
TYL	A	2.61%
AON	A	2.58%
TMO	D	2.48%
WAT	A	2.2%
LOW	B	2.09%
ADI	C	2.06%
CNI	F	1.96%
TECH	B	1.94%
IDXX	F	1.62%
DE	B	1.53%
GILD	A	1.07%
BDX	C	1.06%

TOLL Underweight 17 Positions Relative to FCTE

Symbol	Grade	Weight
DECK	B	-5.46%
APH	B	-5.42%
MCK	C	-5.29%
META	B	-5.2%
RMD	A	-5.2%
GD	C	-5.17%
GOOGL	A	-5.17%
RSG	D	-5.15%
BRO	B	-5.14%
MSFT	D	-5.1%
NTAP	D	-5.03%
DPZ	B	-5.0%
PHM	D	-4.8%
TSCO	D	-4.77%
CL	F	-4.75%
AMAT	F	-4.72%
MTD	D	-4.42%