USRD vs. IWLG ETF Comparison

Comparison of Themes US R&D Champions ETF (USRD) to IQ MacKay Municipal Insured ETF (IWLG)

USRD

Themes US R&D Champions ETF

USRD Description

The index is designed to provide exposure to U.S. companies in the large- and mid- capitalization segments that rank in the top 50 companies based on the index Provider"s R&D intensity metric. 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. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$31.69

Average Daily Volume

143

Number of Holdings ^*

* may have additional holdings in another (foreign) market

IWLG

IQ MacKay Municipal Insured ETF

IWLG Description

IQ MacKay Municipal Insured ETF seek long-term growth of capital by employing a bottom-up investment process while investing in companies that have the potential for above-average future earnings and cash flow growth. IQ MacKay Municipal Insured ETF is domiciled in the United States.

Grade (RS Rating)

Last Trade

$47.70

Average Daily Volume

10,115

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	USRD	IWLG
30 Days	2.17%	3.60%
60 Days	2.27%	5.25%
90 Days	3.37%	7.23%
12 Months		37.83%

13 Overlapping Holdings

Symbol	Grade	Weight in USRD	Weight in IWLG	Overlap
ADBE	C	2.1%	0.84%	0.84%
AMD	F	1.87%	1.78%	1.78%
BSX	B	2.03%	0.95%	0.95%
GOOGL	C	2.0%	2.42%	2.0%
INTU	C	2.25%	1.55%	1.55%
ISRG	A	2.11%	2.23%	2.11%
LLY	F	1.77%	2.51%	1.77%
LRCX	F	1.88%	1.43%	1.43%
MELI	D	1.84%	1.49%	1.49%
META	D	1.95%	5.28%	1.95%
NOW	A	2.15%	1.75%	1.75%
ORCL	B	2.19%	1.22%	1.22%
SNPS	B	2.04%	1.07%	1.07%

USRD Overweight 37 Positions Relative to IWLG

Symbol	Grade	Weight
FTNT	C	2.39%
TRMB	B	2.33%
EXPE	B	2.31%
GM	B	2.25%
CMI	A	2.19%
ALGN	D	2.18%
ZM	B	2.17%
HPE	B	2.16%
EA	A	2.12%
CDNS	B	2.11%
ADSK	A	2.1%
CSCO	B	2.07%
ANSS	B	2.06%
VEEV	C	2.04%
NTAP	C	2.03%
ROP	B	2.02%
EW	C	2.02%
KEYS	A	2.0%
IBM	C	1.98%
QCOM	F	1.97%
TTD	B	1.97%
CSGP	D	1.96%
MDT	D	1.96%
NOC	D	1.94%
HOLX	D	1.94%
JNJ	D	1.93%
ANET	C	1.93%
DOX	D	1.89%
AMAT	F	1.89%
GEHC	F	1.87%
EL	F	1.85%
CTVA	C	1.81%
REGN	F	1.79%
LDOS	C	1.75%
AKAM	D	1.73%
MPWR	F	1.5%
ENPH	F	1.43%

USRD Underweight 29 Positions Relative to IWLG

Symbol	Grade	Weight
MSFT	F	-12.49%
AMZN	C	-8.27%
NVDA	C	-7.8%
AAPL	C	-6.63%
AVGO	D	-4.01%
SPOT	B	-2.49%
GOOG	C	-2.44%
MA	C	-2.33%
GE	D	-2.0%
KKR	A	-1.99%
TT	A	-1.86%
NFLX	A	-1.8%
WDAY	B	-1.76%
FICO	B	-1.73%
ETN	A	-1.62%
TSLA	B	-1.52%
UBER	D	-1.51%
CMG	B	-1.34%
SBUX	A	-1.27%
SYK	C	-1.19%
ORLY	B	-1.19%
SHOP	B	-1.11%
WCN	A	-1.07%
ASML	F	-1.05%
HLT	A	-1.03%
VMC	B	-0.97%
TXN	C	-0.97%
ALNY	D	-0.95%
BKNG	A	-0.55%