SPAM vs. INFL ETF Comparison

Comparison of Themes Cybersecurity ETF (SPAM) to Horizon Kinetics Inflation Beneficiaries ETF (INFL)
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

$30.12

Average Daily Volume

502

Number of Holdings *

21

* may have additional holdings in another (foreign) market
INFL

Horizon Kinetics Inflation Beneficiaries ETF

INFL Description The investment seeks long-term growth of capital in real (inflation-adjusted) terms. The fund is an actively-managed ETF that seeks to achieve its investment objective by investing primarily in the equity securities of domestic and foreign companies that are expected to benefit, either directly or indirectly, from rising prices (inflation). The fund's investments in equity securities are generally expected to include common stock, ownership units of publicly traded MLPs, and units of royalty trusts. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$41.75

Average Daily Volume

169,632

Number of Holdings *

16

* may have additional holdings in another (foreign) market
Performance
Period SPAM INFL
30 Days 1.48% 4.14%
60 Days 5.39% 10.90%
90 Days 4.35% 12.31%
12 Months 36.40%
1 Overlapping Holdings
Symbol Grade Weight in SPAM Weight in INFL Overlap
CACI D 4.76% 3.57% 3.57%
SPAM Overweight 20 Positions Relative to INFL
Symbol Grade Weight
QLYS B 5.43%
FTNT C 5.34%
CRWD B 5.06%
ZS B 4.96%
ALRM C 4.96%
BAH F 4.86%
S B 4.78%
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%
FSLY D 0.43%
SPAM Underweight 15 Positions Relative to INFL
Symbol Grade Weight
TPL A -9.35%
ICE C -4.32%
LNG A -3.06%
MMC B -2.82%
ADM D -2.34%
BG D -2.21%
WFG C -2.15%
DBRG F -1.7%
JOE F -1.19%
MSB A -0.98%
PBT B -0.94%
RPRX D -0.73%
DMLP A -0.54%
SBR B -0.49%
SJT C -0.41%
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