Tema Durable Quality ETF
TOLL
Chicago Board Options Exchange40.55
USD
-0.63
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Tema Durable Quality ETF
TOLL
(Chicago Board Options Exchange)
Recent
price
40.55
P/E
ratio
- -
div
yld
- -
ROIC.AI
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in mil. unless spec.- Similar Companies
- Business
- Tema Durable Quality ETF (TOLL) is an actively managed exchange-traded fund that seeks long-term capital growth by investing at least 80% of its net assets in domestic and foreign common and preferred stocks of publicly listed companies operating in concentrated markets, as measured by a Herfindahl-Hirschman Index above 2,500 for more than 50% of revenue; these companies exhibit durable competitive advantages, tangible barriers to entry, defensive earnings streams, high returns on invested capital, strong recurring revenues, and dominant market shares across sectors such as infrastructure, financial services, technology, and industrials. The ETF's portfolio comprises approximately 44 equity holdings, with top positions including General Electric (6.17%), Visa (5.66%), Intuit (4.30%), Performance Food Group (4.22%), and Cboe Global Markets (3.54%), representing a large-blend category focused on quality growth and value stocks deemed socially conscious and environmentally responsible; it is non-diversified, benchmarks against the S&P 500 Total Return Index, carries a net expense ratio of 0.55%, and had total assets under management of approximately $72 million as of late 2025. TOLL trades on the Cboe exchange and targets institutional and retail investors seeking exposure to resilient, moat-protected businesses with compounding potential. Issued by Tema ETF Trust and managed by Tema ETFs LLC (d/b/a Tema Global Limited), a New York-based SEC-registered investment adviser founded in 2023 and headquartered at 200 Vesey Street (Brookfield Place), the ETF launched on May 11, 2023, as part of Tema's platform of strategic active ETFs in healthcare, strategic equity, quality, and alternatives. Tema ETFs LLC, with 16 employees including investment professionals, oversees seven investment company clients with $308 million in discretionary AUM as of March 2025, primarily from registered investment advisers, wirehouses, and family offices; the firm leverages fundamental and quantitative analysis, bottom-up/top-down stock selection, internal/external research, and turnkey technology for tax-aware compounding and risk-managed strategies. Backed by venture investors Index Ventures, Accel, Zinal Growth, and finance industry leaders, Tema operates globally with a focus on U.S. investors while holding international securities. Recent developments include surpassing $1 billion in total platform AUM across six ETFs by August 2025, driven by broad growth in funds like TOLL, with five exceeding $60 million each and three over $100 million, reflecting over 90% institutional adoption. In 2025, Tema launched complementary products such as the Alternative Asset Managers ETF (AAUM) in October, the Tem S&P 500 Historical Strategy ETF ($Y), the Tem Electrification ETF ($VOLT) attracting over $700 million combined since inception, the first International Defense Innovation ETF (GDFN), and the International Durable Quality ETF (ITOL), expanding its thematic offerings in alternatives, electrification, defense, and global quality. These launches underscore Tema's momentum in innovative, actively managed ETFs amid strong performance in funds like its Oncology ETF (CANC), which exceeded $100 million AUM.
Tema ETFs Exceeds $5bn in AUM After Three Years
Tema Durable Quality ETF (TOLL) Adds Kalshi, Becoming First ETF to Offer Exposure
Tema ETFs Surpasses $2 Billion in AUM in Under Three Years
Tema Appoints ETF Industry Leader Steve Munroe as President