SPAM vs. FNGU ETF Comparison

Comparison of Themes Cybersecurity ETF (SPAM) to BMO REX MicroSectors FANG Index 3X Leveraged Exchange Traded Notes (FNGU)

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

$28.67

Average Daily Volume

635

Number of Holdings ^*

8

* may have additional holdings in another (foreign) market

FNGU

BMO REX MicroSectors FANG Index 3X Leveraged Exchange Traded Notes

FNGU Description

The investment seeks return linked to a three times leveraged participation in the daily performance of the NYSE FANG+™ Index, total return (the “index”). The notes are intended to be daily trading tools for sophisticated investors to manage daily trading risks as part of an overall diversified portfolio. The index is an equal-dollar weighted index designed to represent a segment of the technology and consumer discretionary sectors consisting of highly-traded growth stocks of technology and tech-enabled companies.

Grade (RS Rating)

Last Trade

$424.18

Average Daily Volume

962,903

Number of Holdings ^*

10

* may have additional holdings in another (foreign) market

Performance

Period	SPAM	FNGU
30 Days	3.69%	21.37%
60 Days	13.39%	40.55%
90 Days	3.73%	-21.89%
12 Months		175.41%

0 Overlapping Holdings

	Symbol	Grade	Weight in SPAM	Weight in FNGU	Overlap

SPAM Overweight 8 Positions Relative to FNGU

	Symbol	Grade	Weight
	FTNT	A	5.69%
	VRNS	B	5.2%
	S	C	5.01%
	CACI	A	4.86%
	YOU	C	4.81%
	CHKP	A	4.81%
	PANW	B	4.56%
	CYBR	C	4.5%

SPAM Underweight 10 Positions Relative to FNGU

	Symbol	Grade	Weight
	META	A	-10.34%
	GOOGL	B	-10.3%
	TSLA	C	-10.15%
	NVDA	B	-10.07%
	AVGO	B	-10.01%
	AMZN	C	-9.98%
	NFLX	A	-9.92%
	SNOW	F	-9.9%
	MSFT	D	-9.82%
	AAPL	C	-9.51%

SPAM: Top Represented Industries & Keywords

Industries: Software - Application Software - Infrastructure Information Technology Services Telecom Services

Keywords: Computer Security Computing Cybersecurity Security Solution Computer Network Security Nasdaq 100 Computer Networking Content Control Software Endpoint Security Firewall Firewall Software Laptop Linux Malware Mobile Devices S&P 500 Security Engineering Security Management Security Management Solution Unix

FNGU: Top Represented Industries & Keywords

Industries: Internet Content & Information Semiconductors Auto Manufacturers Consumer Electronics Media - Diversified Software - Application Software - Infrastructure Specialty Retail

Keywords: Nasdaq 100 S&P 500 Computing Hyperscale IBD 50 Mobile Devices Smartphones Work From Home Dow Jones Component Operating System Software Consumer Electronics Fabless Semiconductor Companies Laptop Computer Online Retail Sql Streaming Services Subscription Services Advertising Network Advertising Services