Tema International Durable Quality ETF(CBOE:ITOL)

ITOL curates a portfolio of 15-100 international companies with strong financial metrics and tangible, durable, and dominant moats. The fund aims for lasting advantages through factors like scale, regulation, network effects, switching costs, or unique physical assets. Additionally, the adviser employs both internal and external data to monitor the portfolio. Stock selection integrates top-down macroeconomic and sector research with bottom-up fundamental and valuation analysis, including peer and historical valuation comparisons. Investments include common and preferred stocks, ADRs, and GDRs. Key financial metrics include recurring revenue, predictable earnings, inflation-linked cash flows, and consistently high returns on invested capital. Holdings exclude companies listed in the US and Canada but may invest up to 25% in emerging markets. It may also participate in securities lending. The fund does not hedge currency risk.