AMID vs. SPAM ETF Comparison

Comparison of Argent Mid Cap ETF (AMID) to Themes Cybersecurity ETF (SPAM)

AMID

Argent Mid Cap ETF

AMID Description

AMID aims to outperform the Russell MidCap Index over the long term by applying Change-Based Investing strategies. The fund actively invests in stocks undergoing positive internal or external change, which the issuer believes could lead to underappreciated growth. The starting universe begins with 1,500 US mid-cap stocks that are screened for liquidity and grouped by sector. Using their proprietary Argent Alpha Model, stocks are ranked under four main categories: Value, Growth, Quality, and Stability. Stocks within each sector with positive exposure to outperforming factors are considered. The remaining companies are grouped into current and future market segments based on expected outperformance in the current or future market cycle. Finally, the fund uses fundamental analysis to select 35-50 stocks with prospect improvements at the company or industry level. Sectors may be overweighted at various times in the economic cycle. Individual securities are capped at 8%.

Grade (RS Rating)

Last Trade

$32.33

Average Daily Volume

9,781

Number of Holdings ^*

10

* may have additional holdings in another (foreign) market

SPAM

Themes Cybersecurity ETF

SPAM Description

The index is designed to provide exposure to companies that have business operations in the cybersecurity industry. 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 and in American Depositary Receipts ("ADRs") and Global Depositary Receipts ("GDRs") based on the securities in the index. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$25.94

Average Daily Volume

1,011

Number of Holdings ^*

8

* may have additional holdings in another (foreign) market

Performance

Period	AMID	SPAM
30 Days	1.86%	-2.73%
60 Days	-5.09%	-6.38%
90 Days	-2.53%	-8.76%
12 Months	31.49%

1 Overlapping Holdings

	Symbol	Grade	Weight in AMID	Weight in SPAM	Overlap
	BAH	B	2.67%	5.18%	2.67%

AMID Overweight 9 Positions Relative to SPAM

	Symbol	Grade	Weight
	CDW	D	4.35%
	BLDR	D	3.95%
	FICO	B	3.92%
	CPRT	D	3.84%
	MEDP	D	3.54%
	CTAS	C	3.17%
	BLD	D	3.1%
	CBZ	B	3.05%
	DHI	D	2.82%

AMID Underweight 7 Positions Relative to SPAM

	Symbol	Grade	Weight
	CACI	B	-5.46%
	OKTA	C	-4.92%
	CYBR	D	-4.87%
	ALRM	D	-4.83%
	CRWD	B	-4.61%
	FTNT	F	-4.58%
	TENB	F	-4.32%

AMID: Top Represented Industries & Keywords

Industries: Business Services Building Materials Auto & Truck Dealerships Diagnostics & Research Information Technology Services Residential Construction Software - Infrastructure

Keywords: S&P 500 Nasdaq 100 Building Materials Construction Homebuilder Installation Services Insurance Investment Bank Account Management Actuarial Science Actuarial Services Analytical Solutions Auction Biotechnology Building Insulation Business Process Management Car Dealership Card Processing Carpet Cellulose Insulation

SPAM: Top Represented Industries & Keywords

Industries: Software - Infrastructure Software - Application Business Services Information Technology Services

Keywords: Computer Security Cybersecurity Security Solution Cyberwarfare Nasdaq 100 Work From Home Authentication Computer Network Security Computing Cryptography Homeland Security Internet Of Things Malware Mobile Devices National Security Security Engineering Security Services Software As A Service VPN Access Management