HWAY vs. MVAL ETF Comparison

Comparison of Themes US Infrastructure ETF (HWAY) to SHL Telemedicine Ltd VanEck Morningstar Wide Moat Value ETF (MVAL)

HWAY

Themes US Infrastructure ETF

HWAY Description

The index is designed to provide exposure to U.S. companies that have business operations involving the building materials, equipment, logistics, construction, and engineering services used for the development and maintenance of infrastructure projects. It will invest, under normal circumstances, at least 80% of its net assets, plus the amount of any borrowings for investment purposes, in the securities that comprise the index. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$28.75

Average Daily Volume

400

Number of Holdings ^*

* may have additional holdings in another (foreign) market

MVAL

SHL Telemedicine Ltd VanEck Morningstar Wide Moat Value ETF

MVAL Description

The fund invests at least 80% of its total assets in securities that comprise the fund"s benchmark index. The index is comprised of equity securities of companies that Morningstar, Inc. determines have sustainable competitive advantages based on a proprietary methodology that considers quantitative and qualitative factors and are attractively priced and weighted according to a modified equal weighting scheme that tilts exposure in favor of pure value companies. It is non-diversified.

Grade (RS Rating)

Last Trade

$33.27

Average Daily Volume

561

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	HWAY	MVAL
30 Days	4.93%	-0.69%
60 Days	7.92%	1.09%
90 Days		3.48%
12 Months

1 Overlapping Holdings

	Symbol	Grade	Weight in HWAY	Weight in MVAL	Overlap
	EMR	B	4.96%	5.12%	4.96%

HWAY Overweight 96 Positions Relative to MVAL

Symbol	Grade	Weight
CSX	C	4.32%
NSC	B	4.21%
DE	B	4.18%
UNP	C	4.15%
CAT	B	4.1%
URI	C	3.91%
GWW	B	3.71%
PWR	A	3.43%
FAST	B	3.3%
VMC	B	2.62%
MLM	C	2.52%
NUE	C	2.47%
WAB	B	2.45%
XYL	D	2.11%
DOV	A	1.95%
EME	A	1.65%
BLDR	D	1.46%
CSL	C	1.44%
STLD	B	1.42%
OC	A	1.21%
IEX	C	1.2%
J	D	1.2%
FIX	A	1.16%
RS	B	1.13%
GGG	B	1.08%
ACM	B	1.02%
POOL	C	0.97%
TTEK	F	0.78%
AA	A	0.78%
MLI	B	0.77%
AIT	B	0.75%
BLD	D	0.74%
FLR	B	0.68%
WCC	B	0.67%
EXP	B	0.67%
DCI	B	0.65%
CRS	B	0.65%
X	B	0.64%
WMS	F	0.63%
CR	A	0.62%
UFPI	C	0.59%
OSK	C	0.54%
ATI	C	0.53%
R	B	0.53%
VMI	B	0.52%
TREX	C	0.52%
CMC	B	0.52%
SSD	F	0.52%
APG	B	0.47%
AZEK	A	0.46%
AGCO	D	0.46%
WTS	B	0.45%
VNT	C	0.44%
ZWS	B	0.43%
SUM	B	0.43%
HRI	C	0.41%
SKY	A	0.41%
DY	D	0.41%
STRL	A	0.41%
CLF	F	0.4%
ACA	A	0.38%
KNF	B	0.38%
BCC	B	0.38%
SWX	B	0.34%
GVA	A	0.32%
ROAD	B	0.29%
MDU	D	0.27%
MSM	C	0.27%
TEX	F	0.26%
VRRM	F	0.26%
NPO	A	0.26%
ATKR	D	0.25%
TRN	B	0.23%
CVCO	A	0.22%
MYRG	B	0.17%
ROCK	C	0.16%
AZZ	A	0.16%
GBX	A	0.15%
ALG	B	0.14%
HEES	C	0.14%
AGX	B	0.13%
HLIO	B	0.12%
APOG	C	0.12%
WS	C	0.11%
DNOW	B	0.11%
LNN	B	0.1%
CENX	B	0.09%
BXC	B	0.09%
NVEE	F	0.09%
KALU	C	0.09%
MRC	B	0.08%
USLM	A	0.07%
TPC	C	0.07%
JBI	F	0.07%
GLDD	B	0.03%
NVRI	D	0.02%

HWAY Underweight 38 Positions Relative to MVAL

Symbol	Grade	Weight
BMY	B	-5.37%
GILD	C	-5.31%
USB	A	-4.98%
KVUE	A	-4.81%
MO	A	-4.68%
CPB	D	-4.09%
PFE	F	-3.76%
IFF	D	-3.69%
DIS	B	-3.42%
BA	F	-3.33%
BIO	C	-3.08%
NKE	F	-2.82%
SCHW	B	-2.73%
MAS	D	-2.54%
CTVA	C	-2.45%
HON	C	-2.44%
NOC	D	-2.34%
CMCSA	B	-2.3%
UPS	C	-2.23%
RTX	D	-2.22%
ZBH	C	-2.12%
NXPI	D	-2.1%
ALLE	C	-1.87%
MCD	D	-1.84%
MKTX	D	-1.8%
TMO	F	-1.57%
SBUX	A	-1.53%
LRCX	F	-1.3%
HII	F	-1.24%
GOOGL	C	-1.22%
KEYS	A	-1.2%
GEHC	D	-1.12%
STZ	D	-0.97%
CLX	A	-0.93%
OTIS	C	-0.92%
TER	F	-0.9%
WAT	C	-0.9%
ETSY	D	-0.58%