CZAR vs. NFRA ETF Comparison

Comparison of Themes Natural Monopoly ETF (CZAR) to FlexShares STOXX Global Broad Infrastructure Index Fund (NFRA)

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

$29.85

Average Daily Volume

322

Number of Holdings ^*

* may have additional holdings in another (foreign) market

NFRA

FlexShares STOXX Global Broad Infrastructure Index Fund

NFRA Description

The investment seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the STOXXÂ® Global Broad Infrastructure Index. The fund generally will invest under normal circumstances at least 80% of its total assets in the securities of the underlying index and in American Depositary Receipts and Global Depositary Receipts based on the securities in its underlying index. The underlying index reflects the performance of a selection of equity securities of infrastructure-related companies that are domiciled or traded in developed and emerging markets around the world. It is non-diversified.

Grade (RS Rating)

Last Trade

$58.16

Average Daily Volume

78,402

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	CZAR	NFRA
30 Days	1.67%	-0.44%
60 Days	1.36%	-2.07%
90 Days	3.36%	1.20%
12 Months		17.31%

8 Overlapping Holdings

Symbol	Grade	Weight in CZAR	Weight in NFRA	Overlap
CHTR	C	0.62%	0.6%	0.6%
CMCSA	B	0.52%	2.6%	0.52%
CNI	D	0.35%	3.39%	0.35%
EXC	C	0.49%	0.6%	0.49%
RSG	A	0.24%	0.66%	0.24%
T	A	0.32%	2.47%	0.32%
VZ	C	0.27%	2.67%	0.27%
WCN	A	0.39%	2.53%	0.39%

CZAR Overweight 37 Positions Relative to NFRA

Symbol	Grade	Weight
CSCO	B	3.99%
APO	B	3.87%
BLK	C	3.7%
META	D	3.57%
AXP	A	3.46%
FTV	C	3.34%
AJG	B	3.16%
ADI	D	3.04%
OTEX	D	3.0%
ADBE	C	2.99%
BMY	B	2.61%
GILD	C	2.49%
VRTX	F	1.91%
KVUE	A	1.3%
PG	A	1.01%
AME	A	1.01%
PEP	F	1.0%
KO	D	0.98%
XYL	D	0.78%
SNA	A	0.7%
CVX	A	0.67%
CPAY	A	0.63%
GPN	B	0.54%
MA	C	0.53%
V	A	0.52%
ROL	B	0.48%
LKQ	D	0.48%
ABNB	C	0.41%
ECL	D	0.39%
UBER	D	0.37%
LIN	D	0.37%
FDX	B	0.36%
STLA	F	0.35%
VMC	B	0.33%
DGX	A	0.31%
IQV	D	0.26%
GPC	D	0.15%

CZAR Underweight 56 Positions Relative to NFRA

Symbol	Grade	Weight
NEE	D	-2.41%
UNP	C	-2.23%
TMUS	B	-1.83%
SO	D	-1.47%
AMT	D	-1.41%
DUK	C	-1.33%
EQIX	A	-1.32%
WM	A	-1.26%
CEG	D	-1.09%
CSX	B	-1.08%
WMB	A	-1.05%
HCA	F	-1.02%
OKE	A	-0.98%
NSC	B	-0.93%
SRE	A	-0.9%
DLR	B	-0.86%
PCG	A	-0.85%
KMI	A	-0.82%
AEP	D	-0.77%
D	C	-0.72%
CCI	D	-0.69%
PEG	A	-0.67%
TRGP	B	-0.65%
XEL	A	-0.59%
ED	D	-0.52%
EIX	B	-0.5%
WEC	A	-0.47%
AWK	D	-0.4%
VLTO	D	-0.39%
SBAC	D	-0.36%
THC	D	-0.25%
CLH	B	-0.19%
UHS	D	-0.17%
LBRDK	C	-0.17%
EHC	B	-0.16%
DTM	B	-0.15%
WTRG	B	-0.15%
FYBR	D	-0.13%
CWST	A	-0.1%
AM	A	-0.09%
SIRI	C	-0.09%
SEM	B	-0.07%
GEO	B	-0.06%
ACHC	F	-0.06%
CWT	D	-0.05%
AWR	B	-0.05%
HESM	B	-0.05%
IRDM	D	-0.05%
CCOI	B	-0.05%
CXW	B	-0.04%
PCT	C	-0.03%
SJW	D	-0.03%
UNIT	B	-0.02%
MSEX	B	-0.02%
NFE	D	-0.01%
FSLY	D	-0.01%