BCDF vs. SPAM ETF Comparison

Comparison of Horizon Kinetics Blockchain Development ETF (BCDF) to Themes Cybersecurity ETF (SPAM)

BCDF

Horizon Kinetics Blockchain Development ETF

BCDF Description

Horizon Kinetics Blockchain Development ETF is an exchange traded fund launched by Listed Funds Trust. The fund is managed by Horizon Kinetics Asset Management LLC. The fund invests in public equity markets of global region. It invests in stocks of companies operating across blockchain development sectors. The fund invests in growth and value stocks of companies across diversified market capitalization. The fund employs fundamental analysis with bottom-up stock picking approach to create its portfolio. The fund employs internal research to create its portfolio. Horizon Kinetics Blockchain Development ETF was formed on August 1, 2022 and is domiciled in the United States.

Grade (RS Rating)

Last Trade

$23.60

Average Daily Volume

2,350

Number of Holdings ^*

4

* 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

$26.66

Average Daily Volume

1,126

Number of Holdings ^*

9

* may have additional holdings in another (foreign) market

Performance

Period	BCDF	SPAM
30 Days	-4.67%	-3.75%
60 Days	-4.82%	-6.20%
90 Days	-1.33%	-3.24%
12 Months	13.03%

1 Overlapping Holdings

	Symbol	Grade	Weight in BCDF	Weight in SPAM	Overlap
	CACI	A	6.55%	4.91%	4.91%

BCDF Overweight 3 Positions Relative to SPAM

	Symbol	Grade	Weight
	CBOE	C	5.99%
	ICE	C	5.51%
	CME	C	4.58%

BCDF Underweight 8 Positions Relative to SPAM

	Symbol	Grade	Weight
	OKTA	C	-5.28%
	CYBR	D	-5.16%
	ALRM	C	-5.01%
	BAH	B	-4.97%
	CRWD	D	-4.82%
	FTNT	D	-4.73%
	TENB	D	-4.53%
	CHKP	D	-4.48%

BCDF: Top Represented Industries & Keywords

Industries: Financial Data & Stock Exchanges Information Technology Services

Keywords: Futures Exchanges S&P 500 CME Group Credit Default Swap Futures Exchange Market Data Natural Gas Swaps Actionable Intelligence CBOT Caci Chicago Board Options Exchange Chicago Mercantile Exchange Clearing Services Computer Security Cotton Crude Oil Cyber Security Diversification Electronic Trading

SPAM: Top Represented Industries & Keywords

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

Keywords: Computer Security Cybersecurity Security Solution Nasdaq 100 Computer Network Security Computing Cyberwarfare Mobile Devices Work From Home Antivirus Software Authentication Cryptography Endpoint Security Firewall Software Homeland Security Internet Of Things Laptop Malware National Security Security Engineering