USRD vs. QOWZ ETF Comparison

Comparison of Themes US R&D Champions ETF (USRD) to Invesco Nasdaq Free Cash Flow Achievers ETF (QOWZ)

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

$31.48

Average Daily Volume

143

Number of Holdings ^*

* may have additional holdings in another (foreign) market

QOWZ

Invesco Nasdaq Free Cash Flow Achievers ETF

QOWZ Description

The fund generally will invest at least 90% of its total assets in the securities that comprise the underlying index. Strictly in accordance with its guidelines and mandated procedures, Nasdaq, Inc. compiles, maintains and calculates the underlying index, which is designed to track the performance of U.S.-listed companies with continuous and stable growth in free cash flow. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$34.32

Average Daily Volume

2,108

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	USRD	QOWZ
30 Days	0.74%	3.80%
60 Days	1.81%	7.72%
90 Days	2.68%	8.56%
12 Months

7 Overlapping Holdings

Symbol	Grade	Weight in USRD	Weight in QOWZ	Overlap
ADBE	C	2.1%	2.95%	2.1%
CDNS	B	2.11%	2.11%	2.11%
FTNT	C	2.39%	2.24%	2.24%
INTU	B	2.25%	3.05%	2.25%
META	D	1.95%	6.8%	1.95%
NOW	A	2.15%	3.38%	2.15%
ROP	B	2.02%	1.78%	1.78%

USRD Overweight 43 Positions Relative to QOWZ

Symbol	Grade	Weight
TRMB	B	2.33%
EXPE	B	2.31%
GM	C	2.25%
CMI	A	2.19%
ORCL	A	2.19%
ALGN	D	2.18%
ZM	C	2.17%
HPE	B	2.16%
EA	A	2.12%
ISRG	A	2.11%
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	A	2.03%
EW	C	2.02%
GOOGL	C	2.0%
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	C	1.93%
ANET	C	1.93%
DOX	D	1.89%
AMAT	F	1.89%
LRCX	F	1.88%
GEHC	D	1.87%
AMD	F	1.87%
EL	F	1.85%
MELI	C	1.84%
CTVA	C	1.81%
REGN	F	1.79%
LLY	F	1.77%
LDOS	C	1.75%
AKAM	D	1.73%
MPWR	F	1.5%
ENPH	F	1.43%

USRD Underweight 43 Positions Relative to QOWZ

Symbol	Grade	Weight
NVDA	B	-11.22%
AVGO	D	-5.52%
UNH	B	-4.62%
MA	B	-4.45%
CRM	B	-4.24%
TMO	F	-2.73%
ADP	A	-2.55%
CTAS	B	-2.22%
MAR	A	-2.22%
COF	C	-2.16%
APH	A	-2.12%
FICO	B	-2.04%
KMI	A	-2.0%
RSG	A	-1.85%
KLAC	F	-1.83%
PAYX	B	-1.78%
FAST	B	-1.78%
WBD	B	-1.27%
MCHP	F	-1.26%
TDY	B	-1.25%
NVR	D	-1.22%
PTC	B	-1.22%
ROL	B	-1.21%
WST	C	-1.21%
MTD	F	-1.16%
OC	A	-1.09%
MANH	D	-1.08%
MKC	C	-1.06%
VRSN	C	-1.05%
AYI	B	-0.96%
POOL	C	-0.94%
RMBS	B	-0.75%
BECN	B	-0.74%
QLYS	B	-0.73%
THO	B	-0.67%
WTS	B	-0.66%
LFUS	D	-0.64%
CVCO	A	-0.59%
PRGS	A	-0.54%
TTGT	B	-0.33%
RDUS	B	-0.28%
SLP	D	-0.24%
DLHC	F	-0.11%