SPAM vs. CLOU ETF Comparison

Comparison of Themes Cybersecurity ETF (SPAM) to Global X Cloud Computing ETF (CLOU)

SPAM

Themes Cybersecurity ETF

SPAM Description

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

$30.13

Average Daily Volume

502

Number of Holdings ^*

* may have additional holdings in another (foreign) market

CLOU

Global X Cloud Computing ETF

CLOU Description

The investment seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the Indxx Global Cloud Computing Index. The fund invests at least 80% of its total assets in the securities of the underlying index and in American Depositary Receipts ("ADRs") and Global Depositary Receipts ("GDRs") based on the securities in the underlying index. The underlying index is designed to provide exposure to exchange-listed companies that are positioned to benefit from the increased adoption of cloud computing technology. It is non-diversified.

Grade (RS Rating)

Last Trade

$24.13

Average Daily Volume

181,608

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	SPAM	CLOU
30 Days	1.53%	16.01%
60 Days	5.44%	18.69%
90 Days	4.41%	19.69%
12 Months		19.34%

3 Overlapping Holdings

Symbol	Grade	Weight in SPAM	Weight in CLOU	Overlap
FSLY	D	0.43%	0.79%	0.43%
QLYS	B	5.43%	4.59%	4.59%
ZS	B	4.96%	4.09%	4.09%

SPAM Overweight 18 Positions Relative to CLOU

Symbol	Grade	Weight
FTNT	C	5.34%
CRWD	B	5.06%
ALRM	C	4.96%
BAH	F	4.86%
S	B	4.78%
CACI	D	4.76%
PANW	B	4.75%
RPD	B	4.55%
CYBR	A	4.51%
OKTA	C	4.46%
TENB	C	4.41%
VRNS	D	3.86%
CHKP	C	3.79%
YOU	D	3.57%
ATEN	A	2.93%
RDWR	B	1.91%
OSPN	A	1.51%
CHGX	A	0.69%

SPAM Underweight 32 Positions Relative to CLOU

Symbol	Grade	Weight
SHOP	B	-4.93%
HUBS	A	-4.47%
TWLO	A	-4.23%
CRM	B	-4.14%
ZM	C	-4.09%
WDAY	B	-4.09%
WIX	A	-4.0%
SPSC	D	-4.0%
NOW	A	-3.97%
SNOW	B	-3.87%
PAYC	B	-3.87%
PCOR	B	-3.83%
WK	B	-3.83%
DBX	B	-3.82%
BOX	B	-3.81%
DLR	B	-3.59%
AKAM	D	-3.16%
FRSH	B	-2.97%
DOCN	C	-2.85%
AI	B	-2.77%
FIVN	D	-2.37%
AMZN	C	-1.98%
MSFT	D	-1.84%
GOOGL	C	-1.51%
VMEO	B	-0.85%
YEXT	B	-0.82%
HSTM	B	-0.8%
VNET	B	-0.72%
PUBM	C	-0.54%
KC	B	-0.39%
BABA	D	-0.31%
IBM	C	-0.28%