CVRD vs. CZAR ETF Comparison

Comparison of Madison Covered Call ETF (CVRD) to Themes Natural Monopoly ETF (CZAR)

CVRD

Madison Covered Call ETF

CVRD Description

The fund will seek to achieve its objectives by (1) investing in common stocks of equity securities that pay dividends and (2) writing (i.e., selling) covered call options on a substantial portion of its portfolio of securities. Under normal market conditions, the fund will invest at least 80% of its net assets (including any borrowings for investment purposes) in equity securities of companies, including other investment companies.

Grade (RS Rating)

Last Trade

$19.70

Average Daily Volume

6,660

Number of Holdings ^*

* may have additional holdings in another (foreign) market

CZAR

Themes Natural Monopoly ETF

CZAR Description

The index is designed to provide exposure to companies in the large- and mid- capitalization segments that exhibit a strong competitive advantage in their respective sector. 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

$30.04

Average Daily Volume

310

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	CVRD	CZAR
30 Days	1.02%	3.13%
60 Days	1.23%	0.99%
90 Days	2.87%	4.03%
12 Months	9.77%

5 Overlapping Holdings

Symbol	Grade	Weight in CVRD	Weight in CZAR	Overlap
ADBE	C	3.24%	2.99%	2.99%
CMCSA	C	2.81%	0.52%	0.52%
CSCO	A	3.92%	3.99%	3.92%
PEP	F	1.67%	1.0%	1.0%
V	A	3.17%	0.52%	0.52%

CVRD Overweight 37 Positions Relative to CZAR

Symbol	Grade	Weight
LVS	C	3.7%
CME	A	3.69%
GOOG	C	3.44%
PYPL	B	3.02%
STZ	F	2.89%
MDT	D	2.82%
TMUS	A	2.59%
ABT	B	2.55%
MSFT	C	2.49%
APD	A	2.37%
HON	B	2.35%
ACN	B	2.33%
AES	F	2.19%
A	D	2.18%
UPS	C	2.1%
AMZN	B	2.08%
EMR	A	2.04%
MCHP	D	2.04%
ADM	D	1.98%
AMD	F	1.86%
TXN	D	1.77%
LH	B	1.72%
LOW	C	1.7%
AMT	D	1.67%
MTDR	C	1.6%
APH	B	1.57%
HPE	B	1.54%
UNP	C	1.52%
JNJ	D	1.47%
GLW	B	1.43%
DHR	D	1.42%
COP	D	1.32%
FAST	A	1.26%
ROST	C	1.03%
RIG	F	0.83%
DLTR	D	0.8%
APA	F	0.66%

CVRD Underweight 40 Positions Relative to CZAR

Symbol	Grade	Weight
APO	A	-3.87%
BLK	C	-3.7%
META	D	-3.57%
AXP	A	-3.46%
FTV	B	-3.34%
AJG	A	-3.16%
ADI	D	-3.04%
OTEX	D	-3.0%
BMY	B	-2.61%
GILD	B	-2.49%
VRTX	D	-1.91%
KVUE	A	-1.3%
PG	A	-1.01%
AME	A	-1.01%
KO	D	-0.98%
XYL	D	-0.78%
SNA	A	-0.7%
CVX	A	-0.67%
CPAY	A	-0.63%
CHTR	B	-0.62%
GPN	C	-0.54%
MA	A	-0.53%
EXC	C	-0.49%
ROL	A	-0.48%
LKQ	D	-0.48%
ABNB	C	-0.41%
ECL	D	-0.39%
WCN	A	-0.39%
UBER	D	-0.37%
LIN	D	-0.37%
FDX	B	-0.36%
CNI	F	-0.35%
STLA	F	-0.35%
VMC	B	-0.33%
T	A	-0.32%
DGX	B	-0.31%
VZ	B	-0.27%
IQV	D	-0.26%
RSG	A	-0.24%
GPC	D	-0.15%