FINE vs. IPO ETF Comparison

Comparison of Themes European Luxury ETF (FINE) to Renaissance IPO ETF (IPO)

FINE

Themes European Luxury ETF

FINE Description

The index is designed to provide exposure to European companies that have business operations in the luxury 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

$23.55

Average Daily Volume

576

Number of Holdings ^*

* may have additional holdings in another (foreign) market

IPO

Renaissance IPO ETF

IPO Description

The investment seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of the Renaissance IPO Index (the "index"). The fund normally invests at least 80% of its total assets in securities that comprise the fund's benchmark index, the Renaissance IPO Index. The remaining 20% may be used to purchase securities not in the index that are an appropriate substitute for certain securities in the index in order to track the index. The index is comprised of common stocks, American Depositary Receipts ("ADRs"), real estate investment trusts ("REITS") and master limited partnerships ("MLPs"). The fund is non-diversified.

Grade (RS Rating)

Last Trade

$37.17

Average Daily Volume

55,080

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	FINE	IPO
30 Days	-8.40%	-10.48%
60 Days	-8.83%	-6.33%
90 Days	-0.55%	9.17%
12 Months		33.51%

0 Overlapping Holdings

	Symbol	Grade	Weight in FINE	Weight in IPO	Overlap

FINE Overweight 2 Positions Relative to IPO

	Symbol	Grade	Weight
	ZGN	D	5.02%
	PLYA	C	4.22%

FINE Underweight 45 Positions Relative to IPO

Symbol	Grade	Weight
KVUE	F	-9.85%
COIN	D	-9.62%
NU	C	-9.54%
APP	A	-5.48%
HOOD	D	-4.18%
ARM	D	-3.87%
CNM	A	-3.67%
PATH	F	-2.73%
ONON	D	-2.56%
BZ	A	-2.42%
DUOL	B	-2.41%
RIVN	F	-2.26%
CRBG	B	-2.24%
YMM	A	-2.17%
CFLT	F	-2.1%
PCOR	D	-2.06%
S	C	-1.91%
GTLB	F	-1.86%
MNDY	C	-1.74%
RYAN	D	-1.74%
DV	F	-1.57%
EDR	A	-1.55%
GFS	D	-1.4%
HCP	A	-1.17%
TPG	C	-1.16%
GLBE	D	-1.14%
FRSH	F	-1.09%
DOCS	F	-0.99%
MQ	D	-0.93%
BRZE	D	-0.82%
DOCN	F	-0.75%
SQSP	B	-0.74%
NUVL	C	-0.65%
AGL	F	-0.54%
YOU	F	-0.53%
INFA	D	-0.51%
BROS	D	-0.5%
DLO	F	-0.48%
BIRK	D	-0.42%
PYCR	F	-0.42%
FLNC	B	-0.36%
PWSC	F	-0.36%
ACT	A	-0.32%
BLCO	F	-0.19%
INST	F	-0.14%

FINE: Top Represented Industries & Keywords

Industries: Apparel Manufacturing Resorts & Casinos

Keywords: Brush Consumer Goods Fashion Fax Hospitality Industry Luxury Brands Retail Store Rubber Shoe