TOLL vs. IPAY ETF Comparison

Comparison of Tema Monopolies and Oligopolies ETF (TOLL) to ETFMG Prime Mobile Payments ETF (IPAY)

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

$33.02

Average Daily Volume

1,614

Number of Holdings ^*

* may have additional holdings in another (foreign) market

IPAY

ETFMG Prime Mobile Payments ETF

IPAY Description

The ETFMG Prime Mobile Payments ETF (IPAY®) seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of the Prime Mobile Payments Index. The index provides a benchmark for investors interested in tracking the mobile and electronic payments industry, speciﬁcally focusing on credit card networks, payment infrastructure and software services, payment processing services, and payment solutions (such as smartcards, prepaid cards, virtual wallets).

Grade (RS Rating)

Last Trade

$60.11

Average Daily Volume

20,274

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	TOLL	IPAY
30 Days	-0.06%	10.92%
60 Days	-1.76%	14.58%
90 Days	-0.44%	19.22%
12 Months	23.30%	46.53%

1 Overlapping Holdings

	Symbol	Grade	Weight in TOLL	Weight in IPAY	Overlap
	V	A	5.4%	5.87%	5.4%

TOLL Overweight 27 Positions Relative to IPAY

Symbol	Grade	Weight
GE	D	6.07%
MCO	B	5.89%
FICO	B	5.6%
ICE	C	5.5%
SPGI	C	4.6%
SHW	B	4.25%
INTU	B	3.61%
MSCI	C	3.4%
CPRT	B	3.29%
VMC	B	3.28%
EFX	F	2.79%
CME	B	2.78%
AON	A	2.75%
TER	F	2.7%
TYL	B	2.69%
KLAC	F	2.58%
WAT	C	2.38%
TMO	F	2.22%
LOW	C	2.1%
LRCX	F	2.09%
CNI	F	1.91%
TECH	F	1.9%
ADI	D	1.89%
DE	B	1.5%
IDXX	F	1.5%
GILD	C	1.09%
BDX	F	1.0%

TOLL Underweight 26 Positions Relative to IPAY

Symbol	Grade	Weight
PYPL	B	-6.43%
FI	A	-6.42%
TOST	B	-6.23%
AXP	A	-5.83%
MA	B	-5.65%
COIN	C	-5.19%
DFS	B	-4.96%
SQ	A	-4.84%
CPAY	A	-4.83%
AFRM	A	-4.82%
FIS	C	-4.28%
GPN	B	-4.08%
WEX	D	-3.09%
FOUR	A	-2.91%
ACIW	B	-2.21%
QTWO	A	-2.16%
EEFT	B	-1.91%
WU	F	-1.28%
STNE	F	-1.13%
VYX	B	-0.77%
EVTC	B	-0.66%
MQ	D	-0.64%
PAGS	F	-0.59%
DLO	C	-0.38%
IMXI	B	-0.32%
GDOT	D	-0.26%