SPAM vs. PSCU ETF Comparison

Comparison of Themes Cybersecurity ETF (SPAM) to PowerShares S&P SmallCap Utilities Portfolio (PSCU)

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

$30.25

Average Daily Volume

514

Number of Holdings ^*

* may have additional holdings in another (foreign) market

PSCU

PowerShares S&P SmallCap Utilities Portfolio

PSCU Description

The PowerShares S&P SmallCap Utilities Portfolio (Fund) is based on the S&P SmallCap 600Â® Capped Utilities & Telecom Services Index (Index). The Fund will normally invest at least 90% of its total assets in common stocks that comprise the Index. The Index is designed to measure the overall performance of common stocks of US utilities and telecommunication services companies. These companies are principally engaged in providing either energy, water or natural gas utilities, as well as services designed to promote or enhance the transmission of voice, data and video over various communications media, including wireline, wireless (terrestrial-based), satellite and cable. The Index is a subset of the S&P SmallCap 600Â® Index, which is a float-adjusted, market-capitalization-weighted index reflecting the US small-cap market. The Fund and the Index are rebalanced and reconstituted quarterly.

Grade (RS Rating)

Last Trade

$65.11

Average Daily Volume

3,096

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	SPAM	PSCU
30 Days	3.79%	9.24%
60 Days	5.28%	7.80%
90 Days	4.82%	10.81%
12 Months		30.75%

0 Overlapping Holdings

	Symbol	Grade	Weight in SPAM	Weight in PSCU	Overlap

SPAM Overweight 21 Positions Relative to PSCU

Symbol	Grade	Weight
QLYS	C	5.43%
FTNT	C	5.34%
CRWD	B	5.06%
ZS	C	4.96%
ALRM	C	4.96%
BAH	F	4.86%
S	B	4.78%
CACI	D	4.76%
PANW	C	4.75%
RPD	C	4.55%
CYBR	B	4.51%
OKTA	C	4.46%
TENB	C	4.41%
VRNS	D	3.86%
CHKP	D	3.79%
YOU	D	3.57%
ATEN	B	2.93%
RDWR	B	1.91%
OSPN	A	1.51%
CHGX	A	0.69%
FSLY	D	0.43%

SPAM Underweight 35 Positions Relative to PSCU

Symbol	Grade	Weight
LUMN	C	-10.06%
MGEE	C	-4.62%
MDU	D	-4.61%
MSGS	A	-4.45%
CNK	B	-4.16%
CCOI	B	-4.11%
OTTR	C	-4.07%
IAC	D	-4.06%
AWR	B	-3.87%
CARG	C	-3.76%
AVA	A	-3.7%
TDS	B	-3.7%
CWT	D	-3.64%
TGNA	B	-3.55%
CPK	A	-3.53%
SATS	D	-3.48%
ZD	C	-3.04%
YELP	C	-2.92%
CWEN	C	-2.78%
CABO	C	-2.22%
SJW	D	-1.99%
NWN	A	-1.96%
TRIP	F	-1.84%
MSEX	B	-1.43%
CARS	B	-1.38%
QNST	B	-1.38%
UTL	B	-1.15%
CWEN	C	-1.09%
TTGT	C	-0.93%
SSTK	F	-0.88%
SCHL	D	-0.76%
SHEN	F	-0.73%
THRY	F	-0.56%
GOGO	C	-0.56%
CNSL	C	-0.43%