USRD vs. LGRO ETF Comparison

Comparison of Themes US R&D Champions ETF (USRD) to Level Four Large Cap Growth Active ETF (LGRO)

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

$31.49

Average Daily Volume

143

Number of Holdings ^*

* may have additional holdings in another (foreign) market

LGRO

Level Four Large Cap Growth Active ETF

LGRO Description

The fund invests primarily in equity securities of carefully selected, high-quality U.S. companies. The fund invests primarily in the domestic equity securities of companies selected by Level Four Capital Management, LLC for their growth potential within various market sectors.

Grade (RS Rating)

Last Trade

$34.89

Average Daily Volume

1,987

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	USRD	LGRO
30 Days	1.50%	5.16%
60 Days	1.60%	7.17%
90 Days	2.70%	9.66%
12 Months		34.40%

7 Overlapping Holdings

Symbol	Grade	Weight in USRD	Weight in LGRO	Overlap
AMAT	F	1.89%	1.44%	1.44%
EL	F	1.85%	0.26%	0.26%
GOOGL	C	2.0%	5.03%	2.0%
LRCX	F	1.88%	2.72%	1.88%
META	D	1.95%	3.28%	1.95%
MPWR	F	1.5%	1.49%	1.49%
NOW	A	2.15%	2.43%	2.15%

USRD Overweight 43 Positions Relative to LGRO

Symbol	Grade	Weight
FTNT	C	2.39%
TRMB	B	2.33%
EXPE	B	2.31%
GM	B	2.25%
INTU	C	2.25%
CMI	A	2.19%
ORCL	B	2.19%
ALGN	F	2.18%
ZM	B	2.17%
HPE	B	2.16%
EA	A	2.12%
CDNS	B	2.11%
ISRG	A	2.11%
ADBE	C	2.1%
ADSK	A	2.1%
CSCO	B	2.07%
ANSS	B	2.06%
VEEV	C	2.04%
SNPS	B	2.04%
NTAP	C	2.03%
BSX	B	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%
GEHC	F	1.87%
AMD	F	1.87%
MELI	D	1.84%
CTVA	C	1.81%
REGN	F	1.79%
LLY	F	1.77%
LDOS	C	1.75%
AKAM	D	1.73%
ENPH	F	1.43%

USRD Underweight 40 Positions Relative to LGRO

Symbol	Grade	Weight
AAPL	C	-7.16%
MSFT	F	-5.75%
AMZN	C	-5.56%
NVDA	C	-4.33%
BKNG	A	-3.65%
BLK	C	-3.47%
PYPL	B	-3.31%
TWLO	A	-2.74%
SNOW	C	-2.66%
UBER	D	-2.59%
UNH	C	-2.51%
MS	A	-2.44%
DOCU	A	-2.41%
NFLX	A	-2.34%
RH	B	-2.23%
MSCI	C	-2.16%
HD	A	-2.09%
CRM	B	-2.04%
MA	C	-1.94%
AVGO	D	-1.83%
Z	A	-1.49%
MU	D	-1.48%
PANW	C	-1.14%
PSX	C	-1.12%
LMT	D	-1.07%
FIS	C	-1.05%
ABBV	D	-1.03%
URI	B	-1.02%
PAYC	B	-0.99%
V	A	-0.98%
CTSH	B	-0.98%
PHM	D	-0.97%
VRTX	F	-0.96%
MCD	D	-0.91%
DIS	B	-0.87%
FTV	C	-0.85%
TDG	D	-0.85%
STZ	D	-0.79%
ETSY	D	-0.65%
BIIB	F	-0.64%