CZAR vs. TVAL ETF Comparison

Comparison of Themes Natural Monopoly ETF (CZAR) to T. Rowe Price Exchange-Traded Funds, Inc. T. Rowe Price Value ETF (TVAL)

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

TVAL

T. Rowe Price Exchange-Traded Funds, Inc. T. Rowe Price Value ETF

TVAL Description

The fund will invest primarily in U.S. equity securities. In taking a value approach to investment selection, the adviser seeks to identify companies that appear to be undervalued by various measures, and may be temporarily out of favor, but have good prospects for capital appreciation. Some of the principal measures used to identify such stocks are: price/earnings ratio, price/book value ratio, price/sales ratio, dividend yield, price/cash flow, undervalued assets, and restructuring opportunities. The fund may purchase the stocks of companies of any size, but typically focuses on larger companies.

Grade (RS Rating)

Last Trade

$33.11

Average Daily Volume

13,066

Number of Holdings ^*

144

* may have additional holdings in another (foreign) market

Performance

Period	CZAR	TVAL
30 Days	1.67%	2.98%
60 Days	1.36%	4.22%
90 Days	3.36%	5.88%
12 Months		29.14%

17 Overlapping Holdings

Symbol	Grade	Weight in CZAR	Weight in TVAL	Overlap
ADI	D	3.04%	0.35%	0.35%
AME	A	1.01%	0.31%	0.31%
APO	B	3.87%	0.46%	0.46%
AXP	A	3.46%	0.26%	0.26%
BLK	C	3.7%	0.43%	0.43%
CMCSA	B	0.52%	0.46%	0.46%
CPAY	A	0.63%	0.42%	0.42%
CVX	A	0.67%	0.73%	0.67%
KO	D	0.98%	0.72%	0.72%
KVUE	A	1.3%	1.49%	1.3%
LIN	D	0.37%	0.73%	0.37%
META	D	3.57%	0.87%	0.87%
PG	A	1.01%	0.72%	0.72%
RSG	A	0.24%	0.62%	0.24%
VMC	B	0.33%	0.22%	0.22%
VRTX	F	1.91%	0.29%	0.29%
VZ	C	0.27%	0.58%	0.27%

CZAR Overweight 28 Positions Relative to TVAL

Symbol	Grade	Weight
CSCO	B	3.99%
FTV	C	3.34%
AJG	B	3.16%
OTEX	D	3.0%
ADBE	C	2.99%
BMY	B	2.61%
GILD	C	2.49%
PEP	F	1.0%
XYL	D	0.78%
SNA	A	0.7%
CHTR	C	0.62%
GPN	B	0.54%
MA	C	0.53%
V	A	0.52%
EXC	C	0.49%
ROL	B	0.48%
LKQ	D	0.48%
ABNB	C	0.41%
ECL	D	0.39%
WCN	A	0.39%
UBER	D	0.37%
FDX	B	0.36%
CNI	D	0.35%
STLA	F	0.35%
T	A	0.32%
DGX	A	0.31%
IQV	D	0.26%
GPC	D	0.15%

CZAR Underweight 127 Positions Relative to TVAL

Symbol	Grade	Weight
XOM	B	-2.56%
CB	C	-2.23%
HIG	B	-1.96%
UNH	C	-1.9%
WMT	A	-1.89%
BAC	A	-1.89%
JNJ	D	-1.82%
ELV	F	-1.81%
WFC	A	-1.77%
SO	D	-1.67%
FI	A	-1.53%
PM	B	-1.41%
LHX	C	-1.36%
COP	C	-1.25%
JPM	A	-1.23%
AVB	B	-1.22%
GE	D	-1.21%
LLY	F	-1.19%
TMO	F	-1.12%
SWK	D	-1.1%
CMI	A	-1.09%
QCOM	F	-1.08%
BDX	F	-1.01%
EQH	B	-1.0%
GOOG	C	-0.95%
SCHW	B	-0.89%
TMUS	B	-0.88%
WY	D	-0.88%
AIG	B	-0.87%
CI	F	-0.87%
ZBH	C	-0.85%
CL	D	-0.84%
EOG	A	-0.82%
C	A	-0.81%
MCK	B	-0.8%
MRK	F	-0.8%
FITB	A	-0.77%
NWSA	B	-0.75%
VST	B	-0.74%
NSC	B	-0.74%
TXN	C	-0.7%
HUBB	B	-0.7%
ACN	C	-0.7%
GEV	B	-0.7%
TTE	F	-0.7%
HON	B	-0.68%
SRE	A	-0.68%
MMC	B	-0.67%
KMB	D	-0.66%
MSFT	F	-0.65%
AEE	A	-0.65%
DHR	F	-0.65%
IP	B	-0.64%
HD	A	-0.63%
WDC	D	-0.6%
NEE	D	-0.59%
USB	A	-0.56%
BA	F	-0.56%
MS	A	-0.56%
D	C	-0.55%
AZO	C	-0.52%
RPM	A	-0.52%
ROK	B	-0.52%
CF	B	-0.52%
BAX	D	-0.5%
CSX	B	-0.49%
HWM	A	-0.48%
REXR	F	-0.48%
PGR	A	-0.48%
AZN	D	-0.47%
MAR	B	-0.47%
WMB	A	-0.46%
EQT	B	-0.46%
MCD	D	-0.46%
TDG	D	-0.46%
HBAN	A	-0.45%
ARES	A	-0.45%
MU	D	-0.45%
HCA	F	-0.45%
PSA	D	-0.44%
FANG	D	-0.43%
MDLZ	F	-0.43%
REGN	F	-0.42%
UNP	C	-0.42%
LEN	D	-0.42%
LVS	C	-0.41%
LAMR	D	-0.4%
KDP	D	-0.4%
CAG	D	-0.4%
TSM	B	-0.39%
ALL	A	-0.39%
AMAT	F	-0.38%
ABBV	D	-0.36%
YUM	B	-0.36%
BKR	B	-0.35%
KEYS	A	-0.35%
PLD	D	-0.34%
MSI	B	-0.34%
EFX	F	-0.33%
A	D	-0.33%
COF	B	-0.33%
STLD	B	-0.32%
UAL	A	-0.31%
TT	A	-0.31%
OTIS	C	-0.3%
CAT	B	-0.3%
ROP	B	-0.29%
TJX	A	-0.29%
MOH	F	-0.28%
UPS	C	-0.28%
CARR	D	-0.27%
MCHP	D	-0.27%
SPGI	C	-0.26%
CDW	F	-0.25%
MGM	D	-0.24%
ZTS	D	-0.23%
CVS	D	-0.23%
CME	A	-0.23%
HAL	C	-0.22%
AMD	F	-0.22%
MET	A	-0.22%
BHP	F	-0.2%
DIS	B	-0.2%
AVY	D	-0.19%
SNY	F	-0.19%
DTE	C	-0.17%
EQIX	A	-0.16%