HWAY vs. WBIL ETF Comparison

Comparison of Themes US Infrastructure ETF (HWAY) to WBI Large Cap Tactical Select Shares (WBIL)

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

WBIL

WBI Large Cap Tactical Select Shares

WBIL Description

The investment seeks long-term capital appreciation and the potential for current income, while also seeking to protect principal during unfavorable market conditions. The fund will invest at least 80% of its net assets, plus the amount of any borrowings for investment purposes, in the equity securities of large capitalization domestic and foreign companies which WBI Investments, Inc., the sub-advisor to the fund and an affiliate of Millington Securities Inc., the advisor, believes display an attractive financial condition and prospects for ongoing financial stability, and up to 20% of its net assets in other tactical investment opportunities.

Grade (RS Rating)

Last Trade

$36.67

Average Daily Volume

1,629

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	HWAY	WBIL
30 Days	4.93%	4.39%
60 Days	7.92%	8.01%
90 Days		7.81%
12 Months		22.81%

4 Overlapping Holdings

Symbol	Grade	Weight in HWAY	Weight in WBIL	Overlap
EME	A	1.65%	1.46%	1.46%
FAST	B	3.3%	1.06%	1.06%
PWR	A	3.43%	2.11%	2.11%
URI	C	3.91%	3.61%	3.61%

HWAY Overweight 93 Positions Relative to WBIL

Symbol	Grade	Weight
EMR	B	4.96%
CSX	C	4.32%
NSC	B	4.21%
DE	B	4.18%
UNP	C	4.15%
CAT	B	4.1%
GWW	B	3.71%
VMC	B	2.62%
MLM	C	2.52%
NUE	C	2.47%
WAB	B	2.45%
XYL	D	2.11%
DOV	A	1.95%
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 36 Positions Relative to WBIL

Symbol	Grade	Weight
SCHW	B	-5.19%
CRWD	B	-4.95%
EA	A	-4.94%
AMP	A	-4.93%
AAPL	C	-4.79%
MRVL	B	-4.54%
FI	A	-4.35%
LULU	C	-4.23%
TPL	A	-4.13%
CRM	B	-4.06%
UBER	F	-3.66%
NVDA	B	-3.46%
CPAY	A	-3.21%
AMZN	C	-3.08%
BX	A	-2.73%
FICO	B	-2.23%
BR	A	-2.17%
INTU	B	-2.15%
COST	A	-1.94%
RMD	C	-1.88%
SBUX	A	-1.84%
PANW	B	-1.75%
TYL	B	-1.74%
NFLX	A	-1.11%
PH	A	-1.02%
PAYX	B	-1.0%
SPOT	B	-0.98%
TJX	A	-0.95%
META	D	-0.91%
TT	A	-0.87%
AGZD	A	-0.74%
FLTR	A	-0.73%
FALN	A	-0.72%
FTSL	A	-0.67%
STIP	C	-0.52%
BKLN	A	-0.32%