Tema Monopolies and Oligopolies ETF (TOLL)

Overview

The described fund is focused on investing in a specific category of stocks that meet certain criteria regarding the competitive landscape of the industries in which the companies operate. This approach targets companies within highly concentrated markets, as indicated by the Herfindahl–Hirschman Index (HHI), a commonly used measure of market concentration. An HHI score above 2,500 suggests a high level of concentration, implying that the companies in the fund's portfolio are likely leaders or significant players in industries with limited competition. The strategy entails investing in both domestic and foreign companies, encompassing common and preferred stocks, to achieve its investment objective. The fund operates with a non-diversified status, meaning it may invest a larger portion of its assets in fewer securities, potentially increasing its risk and return profile. Additionally, by incorporating borrowings for investment purposes, the fund may leverage to enhance its investment capability, albeit with an associated increase in risk.

Products and Services

The fund offers investors access to a unique investment strategy encapsulated in its primary product offering:

• Investment in Concentrated Markets:

  This product focuses on investing in publicly listed companies that operate in highly concentrated markets, as determined by the Herfindahl–Hirschman Index (HHI). By maintaining at least 80% of its net assets in such stocks, the fund aims to leverage the potential for higher returns from companies with a dominant market position or those operating in oligopolistic industries. These investments span both domestic and foreign markets, encompassing a mix of common and preferred shares.