LBO vs. CZAR ETF Comparison

Comparison of WHITEWOLF Publicly Listed Private Equity ETF (LBO) to Themes Natural Monopoly ETF (CZAR)

LBO

WHITEWOLF Publicly Listed Private Equity ETF

LBO Description

The fund is an actively managed exchange-traded fund ("ETF") that seeks to achieve its investment objective by investing, under normal circumstances, at least 80% of its net assets (plus the amount of any borrowings for investment purposes) in securities of U.S. publicly listed private equity companies. It defines "listed private equity companies" as Leverage Finance Providers and Buyout Firms, Sponsors, and Asset Managers (collectively, "Listed Private Equity Companies") that are listed and traded on a U.S. national securities exchange. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$28.58

Average Daily Volume

487

Number of Holdings ^*

10

* may have additional holdings in another (foreign) market

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

$26.61

Average Daily Volume

1,199

Number of Holdings ^*

9

* may have additional holdings in another (foreign) market

Performance

Period	LBO	CZAR
30 Days	0.44%	-4.49%
60 Days	2.24%	-2.14%
90 Days	5.35%	1.17%
12 Months

1 Overlapping Holdings

	Symbol	Grade	Weight in LBO	Weight in CZAR	Overlap
	BX	C	5.26%	2.91%	2.91%

LBO Overweight 9 Positions Relative to CZAR

	Symbol	Grade	Weight
	ARCC	A	7.75%
	BXSL	A	7.1%
	FSK	A	7.07%
	KKR	C	6.25%
	OWL	A	6.08%
	CG	B	5.31%
	HTGC	A	5.12%
	TPG	C	5.07%
	APO	B	4.84%

LBO Underweight 8 Positions Relative to CZAR

	Symbol	Grade	Weight
	META	D	-4.19%
	CSGP	B	-3.37%
	AON	D	-3.3%
	SYF	A	-3.28%
	AJG	D	-3.19%
	AVGO	B	-3.1%
	ACN	F	-2.99%
	GD	B	-2.9%

LBO: Top Represented Industries & Keywords

Industries: Asset Management Specialty Finance

Keywords: Private Equity Consumer Products Leveraged Buyout Real Estate Funds Venture Capital Blackstone Chemical Credit Debt Financing Healthcare Service Hedge Funds IBD 50 Mezzanine Capital Mining Oil And Gas Pharmaceutical Private Equity Firms Private Equity Fund Refinancing Senior Debt

CZAR: Top Represented Industries & Keywords

Industries: Insurance Brokers Aerospace & Defense Asset Management Credit Services Information Technology Services Internet Content & Information Real Estate Services Semiconductors

Keywords: S&P 500 Nasdaq 100 Business Process Outsourcing Insurance Insurance Broker Insurance Brokerage Retail Brokerage Risk Management Risk Management Services Accenture Actuarial Science Advisory Services Aerospace Agribusiness Aircraft Management Alternative Energy Analytical Tool Appraisal Services Audiology Axle