CEFD vs. SPAM ETF Comparison

Comparison of ETRACS Monthly Pay 1.5X Leveraged Closed-End Fund Index ETN (CEFD) to Themes Cybersecurity ETF (SPAM)

CEFD

ETRACS Monthly Pay 1.5X Leveraged Closed-End Fund Index ETN

CEFD Description

The investment seeks to provide 1.5 times leveraged long exposure to the compounded quarterly performance of the S-Network Composite Closed-End Fund Index (the ?index?), reduced by the Accrued Fees. The index is a mutual fund index designed to serve as a benchmark for closed-end funds listed in the U.S. that are principally engaged in asset management processes designed to produce taxable annual yield.

Grade (RS Rating)

Last Trade

$20.68

Average Daily Volume

2,120

Number of Holdings ^*

100

* 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

$28.33

Average Daily Volume

643

Number of Holdings ^*

8

* may have additional holdings in another (foreign) market

Performance

Period	CEFD	SPAM
30 Days	3.27%	-1.01%
60 Days	9.04%	9.26%
90 Days	7.86%	2.87%
12 Months	38.93%

0 Overlapping Holdings

	Symbol	Grade	Weight in CEFD	Weight in SPAM	Overlap

CEFD Overweight 100 Positions Relative to SPAM

	Symbol	Grade	Weight
	EVV	A	2.63%
	BDJ	A	2.39%
	HYT	A	2.19%
	BTZ	A	2.16%
	NXDT	C	1.9%
	AWF	A	1.83%
	DSL	A	1.77%
	JQC	C	1.66%
	BXMX	A	1.65%
	EMD	A	1.5%
	WIW	A	1.37%
	BHK	A	1.3%
	QQQX	A	1.26%
	BOE	A	1.23%
	BCX	A	1.2%
	HIO	A	1.19%
	JPC	C	1.18%
	RA	A	1.17%
	GHY	A	1.16%
	BGY	A	1.09%
	CII	C	1.07%
	HIX	A	1.01%
	BIT	A	1.01%
	EOS	C	1.0%
	IGD	B	0.98%
	EFT	D	0.95%
	FSD	C	0.95%
	HTD	A	0.94%
	BST	B	0.92%
	BLW	A	0.92%
	EAD	A	0.9%
	ISD	A	0.88%
	LDP	A	0.84%
	FFC	C	0.83%
	EFR	D	0.82%
	FRA	A	0.82%
	TEI	A	0.75%
	PHK	A	0.75%
	EOI	A	0.73%
	MIN	A	0.71%
	EHI	D	0.71%
	NBB	C	0.71%
	MCR	A	0.7%
	PDT	A	0.69%
	DIAX	A	0.69%
	PPT	A	0.67%
	WIA	A	0.66%
	MMT	A	0.64%
	GOF	A	0.64%
	JPI	A	0.63%
	BKT	A	0.62%
	PFN	A	0.59%
	JGH	A	0.59%
	FCT	A	0.58%
	ERC	A	0.57%
	HPS	A	0.55%
	HYI	A	0.55%
	DFP	A	0.55%
	BME	B	0.54%
	BGT	C	0.49%
	HPI	A	0.47%
	PHD	B	0.44%
	BGH	A	0.44%
	FTF	A	0.43%
	GBAB	D	0.42%
	HYB	A	0.39%
	EVG	A	0.38%
	IDE	A	0.38%
	DHF	C	0.38%
	PHT	B	0.38%
	TSI	A	0.37%
	ETB	B	0.37%
	FT	A	0.37%
	STK	C	0.37%
	DHY	B	0.36%
	HPF	A	0.36%
	MSD	A	0.34%
	INSI	B	0.34%
	FFA	C	0.32%
	DBL	B	0.31%
	GDO	B	0.31%
	PSF	A	0.31%
	VBF	C	0.3%
	BGR	A	0.3%
	PIM	A	0.3%
	PFL	A	0.29%
	IGA	B	0.29%
	OPP	A	0.29%
	SPXX	B	0.27%
	FLC	A	0.24%
	MCN	D	0.24%
	CIK	A	0.24%
	WEA	A	0.22%
	FAM	B	0.21%
	VLT	A	0.19%
	MGF	B	0.19%
	VGI	A	0.18%
	HEQ	A	0.18%
	GNT	C	0.14%
	JLS	A	0.14%

CEFD Underweight 8 Positions Relative to SPAM

	Symbol	Grade	Weight
	FTNT	A	-5.69%
	VRNS	C	-5.2%
	S	C	-5.01%
	CACI	A	-4.86%
	YOU	C	-4.81%
	CHKP	C	-4.81%
	PANW	D	-4.56%
	CYBR	C	-4.5%

CEFD: Top Represented Industries & Keywords

Industries: Asset Management

Keywords: ETF Exchange Traded Fund Mutual Fund Bond Bond Market Fixed Income Stock Fund High Yield Debt Income Trust Blackrock Debt Securities Structured Finance U.S. Government Western Asset Management Company Bond Fund Eaton Vance Financial Management Mortgage Backed Security Credit Suisse Exchange Traded Funds

SPAM: Top Represented Industries & Keywords

Industries: Software - Application Software - Infrastructure Information Technology Services Telecom Services

Keywords: Computer Security Computing Cybersecurity Security Solution Computer Network Security Nasdaq 100 Computer Networking Content Control Software Endpoint Security Firewall Firewall Software Laptop Linux Malware Mobile Devices S&P 500 Security Engineering Security Management Security Management Solution Unix