SPAM vs. SPRX ETF Comparison

Comparison of Themes Cybersecurity ETF (SPAM) to Spear Alpha ETF (SPRX)

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

SPRX

Spear Alpha ETF

SPRX Description

SPRX invests in companies that are poised to benefit from breakthrough trends in industrial technology. The fund’s objective is to find underappreciated opportunities across different industrial supply chains that are beneficiaries of the secular themes discussed below: Environmental Focus and Decarbonization Manufacturing Digitalization Automation & Robotics Photonics and Additive Manufacturing Space Exploration Artificial Intelligence (AI) SPRX is an actively managed ETF that seeks long-term capital growth by investing in US listed securities (including American depositary receipts "ADRs") of industrial and technology companies relevant to the Fund’s investment themes and the ecosystem around them. SPRX invests in both “growth”, defined as companies with high and underappreciated growth prospects, and “value”, defined as opportunities that are undervalued based on an assessment of the underlying fundamentals.

Grade (RS Rating)

Last Trade

$26.43

Average Daily Volume

21,769

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	SPAM	SPRX
30 Days	3.79%	11.28%
60 Days	5.28%	16.53%
90 Days	4.82%	15.66%
12 Months		42.23%

4 Overlapping Holdings

Symbol	Grade	Weight in SPAM	Weight in SPRX	Overlap
CRWD	B	5.34%	1.08%	1.08%
PANW	C	4.86%	0.2%	0.2%
S	B	4.84%	9.02%	4.84%
ZS	C	4.94%	6.18%	4.94%

SPAM Overweight 17 Positions Relative to SPRX

Symbol	Grade	Weight
QLYS	C	5.35%
FTNT	C	5.16%
ALRM	C	5.11%
CYBR	B	4.93%
RPD	C	4.64%
TENB	C	4.45%
OKTA	C	4.36%
BAH	F	4.0%
CACI	D	3.96%
CHKP	D	3.91%
VRNS	D	3.82%
YOU	D	3.6%
ATEN	B	3.0%
RDWR	B	2.08%
OSPN	A	1.56%
CHGX	A	0.73%
FSLY	D	0.41%

SPAM Underweight 24 Positions Relative to SPRX

Symbol	Grade	Weight
NVDA	C	-13.96%
MRVL	B	-7.22%
TSLA	B	-7.18%
TER	D	-4.99%
DDOG	A	-4.94%
NET	B	-4.79%
CEG	D	-4.65%
CRDO	B	-3.42%
ANET	C	-3.39%
AMD	F	-3.34%
ON	D	-2.97%
WOLF	F	-2.83%
SHOP	B	-2.72%
CFLT	B	-2.42%
GTLB	B	-2.12%
COHR	B	-1.96%
AMKR	D	-1.75%
APH	A	-1.38%
GEV	B	-1.13%
SNOW	C	-0.97%
NRG	B	-0.76%
MU	D	-0.43%
RIO	D	-0.0%
ROK	B	-0.0%