The card is often compared to Coercion, but the 1/1 body that comes along with Toll is not to be understated
If its targeted by a monster effect with the same attribute yep, not destroyed
Chart shows the price of Alolan Exeggutor ex #225 at the end of each month going back as long as we have tracked the item.
His "Timelord" monsters are Level 10, but he uses "Nonexistence" and its upgraded forms "Endless Emptiness" and "Infinite Light" to Summon them from his hand en masse without the need for Tributes and Summoning his ace "Sephylon, the Ultimate Timelord"
I won't pretend Faerie Mastermind is the equal of either of those powerhouse enchantments, but it's still a great card and if you're not running it, you probably should
There are exceptions to this rule, but for the purposes of our explanation, we'll write those off (if a card has neither a weakness nor a resistance, it's not exactly good for explaining the concept!)