TOLL vs. SPRX ETF Comparison

Comparison of Tema Monopolies and Oligopolies ETF (TOLL) to Spear Alpha ETF (SPRX)

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

SPRX

Spear Alpha ETF

SPRX Description

SPRX invests in companies that are poised to benefit from breakthrough trends in industrial technology. The fund’s objective is to find underappreciated opportunities across different industrial supply chains that are beneficiaries of the secular themes discussed below: Environmental Focus and Decarbonization Manufacturing Digitalization Automation & Robotics Photonics and Additive Manufacturing Space Exploration Artificial Intelligence (AI) SPRX is an actively managed ETF that seeks long-term capital growth by investing in US listed securities (including American depositary receipts "ADRs") of industrial and technology companies relevant to the Fund’s investment themes and the ecosystem around them. SPRX invests in both “growth”, defined as companies with high and underappreciated growth prospects, and “value”, defined as opportunities that are undervalued based on an assessment of the underlying fundamentals.

Grade (RS Rating)

Last Trade

$24.57

Average Daily Volume

26,017

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	TOLL	SPRX
30 Days	-1.37%	2.86%
60 Days	-0.21%	13.57%
90 Days	1.57%	9.18%
12 Months	27.51%	33.27%

1 Overlapping Holdings

	Symbol	Grade	Weight in TOLL	Weight in SPRX	Overlap
	TER	F	2.87%	5.2%	2.87%

TOLL Overweight 27 Positions Relative to SPRX

Symbol	Grade	Weight
GE	D	6.0%
MCO	C	5.66%
ICE	C	5.4%
FICO	B	5.27%
V	A	5.22%
SPGI	C	4.44%
SHW	A	4.21%
INTU	A	3.46%
VMC	B	3.33%
MSCI	B	3.23%
CPRT	A	3.16%
EFX	F	2.96%
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 27 Positions Relative to SPRX

Symbol	Grade	Weight
NVDA	A	-14.12%
S	B	-9.03%
MRVL	B	-7.48%
TSLA	B	-6.41%
NET	B	-6.12%
DDOG	B	-4.96%
CEG	D	-4.94%
SHOP	B	-4.18%
APH	B	-3.82%
ANET	C	-3.67%
AMD	F	-3.61%
CRDO	C	-3.49%
ZS	B	-3.48%
ON	F	-3.1%
WOLF	F	-2.9%
CFLT	B	-2.28%
GTLB	B	-2.11%
COHR	C	-2.08%
AMKR	F	-1.85%
GEV	B	-1.13%
CRWD	B	-1.02%
SNOW	C	-0.91%
NRG	C	-0.78%
MU	D	-0.48%
PANW	B	-0.19%
RIO	F	-0.0%
ROK	B	-0.0%