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

$28.17

Average Daily Volume

1,589

Number of Holdings ^*

13

* 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

$28.73

Average Daily Volume

483

Number of Holdings ^*

22

* may have additional holdings in another (foreign) market

Performance

Period	BCDF	SPAM
30 Days	0.28%	1.41%
60 Days	4.78%	0.38%
90 Days	12.18%	10.80%
12 Months	32.39%

3 Overlapping Holdings

	Symbol	Grade	Weight in BCDF	Weight in SPAM	Overlap
	APLD	C	1.71%	1.49%	1.49%
	BAH	A	0.48%	5.18%	0.48%
	CACI	A	7.93%	5.54%	5.54%

BCDF Overweight 10 Positions Relative to SPAM

	Symbol	Grade	Weight
	CBOE	B	6.1%
	ICE	C	5.79%
	NDAQ	B	4.86%
	TW	B	4.68%
	SAIC	A	4.34%
	WT	B	3.84%
	MKTX	B	3.11%
	CME	B	2.04%
	BR	C	0.95%
	DBRG	D	0.54%

BCDF Underweight 19 Positions Relative to SPAM

	Symbol	Grade	Weight
	FTNT	B	-5.85%
	YOU	A	-5.81%
	S	B	-5.64%
	VRNS	D	-5.35%
	CHKP	F	-5.29%
	PANW	B	-4.65%
	CYBR	C	-4.59%
	RPD	C	-4.48%
	TENB	D	-4.19%
	ZS	C	-4.1%
	QLYS	F	-3.76%
	ALRM	F	-3.65%
	CRWD	C	-3.51%
	OKTA	D	-3.42%
	ATEN	A	-2.01%
	FSLY	D	-1.79%
	RDWR	C	-1.53%
	OSPN	B	-1.0%
	CHGX	B	-0.49%

BCDF: Top Represented Industries & Keywords

Industries: Financial Data & Stock Exchanges Capital Markets Business Services Information Technology Services Asset Management REIT - Diversified

Keywords: S&P 500 Credit Default Swap Market Data Swaps Brokerage Electronic Trading Exchange Traded Fund Exchange Traded Funds Futures Exchange Futures Exchanges CME Group Central Securities Depositories Computer Security Enterprise Information Technology Federal Government Financial Advisors Futures Products Homeland Security Interest Rate Swap Investment Bank

SPAM: Top Represented Industries & Keywords

Industries: Software - Application Software - Infrastructure Business Services Capital Markets Communication Equipment Information Technology Services Telecom Services

Keywords: Cybersecurity Computer Security Computing Nasdaq 100 Security Solution Computer Network Security Cyberwarfare Firewall Firewall Software VPN Work From Home Content Control Software Malware Mobile Devices S&P 500 Security Engineering Software As A Service Web Application Antivirus Software Application Delivery Controller