TOLL vs. FDFF ETF Comparison

Comparison of Tema Monopolies and Oligopolies ETF (TOLL) to Fidelity Disruptive Finance ETF (FDFF)

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

$33.30

Average Daily Volume

1,706

Number of Holdings ^*

* may have additional holdings in another (foreign) market

FDFF

Fidelity Disruptive Finance ETF

FDFF Description

The fund normally invests at least 80% of assets in securities of disruptive finance companies. Fidelity's disruptive strategies seek to identify innovative developments that could signal new directions for delivering products and services to customers. Generally, these companies have or are developing new or unconventional ways of doing business that could disrupt and displace incumbents over time. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$36.87

Average Daily Volume

2,113

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	TOLL	FDFF
30 Days	-1.37%	7.52%
60 Days	-0.21%	13.37%
90 Days	1.57%	16.67%
12 Months	27.51%	42.28%

4 Overlapping Holdings

Symbol	Grade	Weight in TOLL	Weight in FDFF	Overlap
EFX	F	2.96%	3.51%	2.96%
ICE	C	5.4%	2.97%	2.97%
MSCI	B	3.23%	1.03%	1.03%
V	A	5.22%	5.46%	5.22%

TOLL Overweight 24 Positions Relative to FDFF

Symbol	Grade	Weight
GE	D	6.0%
MCO	C	5.66%
FICO	B	5.27%
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%

TOLL Underweight 28 Positions Relative to FDFF

Symbol	Grade	Weight
APO	B	-5.7%
COF	B	-5.22%
MA	B	-5.17%
FLYW	B	-3.79%
MSTR	B	-3.26%
TOST	A	-2.36%
OWL	B	-2.12%
SQ	B	-1.92%
COIN	B	-1.89%
FI	A	-1.87%
DLO	C	-1.69%
NRDS	C	-1.54%
TW	B	-1.53%
CBOE	D	-1.52%
ARES	B	-1.37%
MKTX	C	-1.23%
CASH	B	-1.15%
NU	B	-1.12%
VRSK	A	-1.11%
PFSI	D	-1.01%
VIRT	B	-0.97%
ALLY	C	-0.92%
AMH	C	-0.91%
FOUR	B	-0.9%
BILL	B	-0.81%
MELI	D	-0.79%
RPAY	D	-0.76%
UWMC	F	-0.65%