USRD vs. MGMT ETF Comparison

Comparison of Themes US R&D Champions ETF (USRD) to Ballast Small/Mid Cap ETF (MGMT)

USRD

Themes US R&D Champions ETF

USRD Description

The index is designed to provide exposure to U.S. companies in the large- and mid- capitalization segments that rank in the top 50 companies based on the index Provider"s R&D intensity metric. The fund will invest, under normal circumstances, at least 80% of its net assets, plus the amount of any borrowings for investment purposes, in securities that comprise the index. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$28.31

Average Daily Volume

1,058

Number of Holdings ^*

* may have additional holdings in another (foreign) market

MGMT

Ballast Small/Mid Cap ETF

MGMT Description

The investment seeks to generate positive risk adjusted returns. Under normal circumstances, the fund invests at least 80% of the value of its net assets (plus borrowings for investment purposes) in equity securities (principally common stocks) of domestic companies with small to medium market capitalizations. It may also invest all or substantially all of its assets in cash and cash equivalents, including money market funds and other short-term fixed income investments, in seeking to protect principal, or when, in the Adviser's opinion, there are not sufficient companies appropriate for investment.

Grade (RS Rating)

Last Trade

$36.41

Average Daily Volume

13,726

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	USRD	MGMT
30 Days	-2.37%	-0.56%
60 Days	-2.24%	-0.03%
90 Days	0.83%	1.24%
12 Months		12.28%

0 Overlapping Holdings

	Symbol	Grade	Weight in USRD	Weight in MGMT	Overlap

USRD Overweight 10 Positions Relative to MGMT

Symbol	Grade	Weight
NVDA	B	2.5%
ZBRA	B	2.5%
GM	B	2.35%
TTD	B	2.35%
PYPL	C	2.34%
TRMB	D	2.32%
NTAP	B	2.29%
CSGP	C	2.23%
QCOM	A	2.22%
HPE	D	2.22%

USRD Underweight 45 Positions Relative to MGMT

Symbol	Grade	Weight
NRP	C	-5.11%
AGM	D	-3.69%
CVCO	C	-3.25%
AZZ	C	-3.21%
PHIN	A	-3.15%
MTG	B	-2.96%
EXP	A	-2.94%
TDC	F	-2.88%
CEIX	C	-2.67%
CASS	D	-2.66%
GEO	C	-2.43%
TRIP	F	-2.39%
LAMR	A	-2.39%
LSTR	C	-2.36%
SOI	B	-2.34%
NTIC	B	-2.26%
CBNK	D	-2.17%
BELFB	B	-2.16%
ATKR	D	-2.12%
BIOX	C	-2.07%
IGIC	A	-2.06%
GPRE	F	-1.93%
LII	B	-1.93%
SFM	A	-1.89%
DOX	F	-1.83%
BWA	B	-1.83%
IMXI	D	-1.74%
EPR	C	-1.64%
BLCO	D	-1.64%
GSM	B	-1.63%
KOS	C	-1.58%
CRMT	F	-1.57%
IPGP	D	-1.47%
PATK	C	-1.42%
ECVT	D	-1.41%
UFPT	B	-1.4%
KN	B	-1.33%
RMNI	F	-1.32%
RCMT	F	-1.22%
TKR	B	-1.2%
EPSN	C	-1.17%
IRMD	C	-0.94%
CMP	F	-0.86%
G	D	-0.83%
EXTR	F	-0.77%