BCDF vs. SPAM ETF Comparison

Comparison of Horizon Kinetics Blockchain Development ETF (BCDF) to Themes Cybersecurity ETF (SPAM)

BCDF

Horizon Kinetics Blockchain Development ETF

BCDF Description

Horizon Kinetics Blockchain Development ETF is an exchange traded fund launched by Listed Funds Trust. The fund is managed by Horizon Kinetics Asset Management LLC. The fund invests in public equity markets of global region. It invests in stocks of companies operating across blockchain development sectors. The fund invests in growth and value stocks of companies across diversified market capitalization. The fund employs fundamental analysis with bottom-up stock picking approach to create its portfolio. The fund employs internal research to create its portfolio. Horizon Kinetics Blockchain Development ETF was formed on August 1, 2022 and is domiciled in the United States.

Grade (RS Rating)

Last Trade

$29.50

Average Daily Volume

1,386

Number of Holdings ^*

* may have additional holdings in another (foreign) market

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

$30.13

Average Daily Volume

516

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	BCDF	SPAM
30 Days	1.59%	-1.37%
60 Days	6.51%	3.29%
90 Days	10.03%	3.97%
12 Months	29.74%

2 Overlapping Holdings

	Symbol	Grade	Weight in BCDF	Weight in SPAM	Overlap
	BAH	F	0.75%	4.86%	0.75%
	CACI	D	6.6%	4.76%	4.76%

BCDF Overweight 11 Positions Relative to SPAM

Symbol	Grade	Weight
CBOE	C	5.72%
ICE	D	5.39%
NDAQ	A	5.1%
TW	A	4.5%
WT	A	3.82%
SAIC	F	3.52%
MKTX	D	2.8%
CME	A	1.99%
APLD	B	1.34%
DBRG	F	0.98%
BR	B	0.97%

BCDF Underweight 19 Positions Relative to SPAM

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