CZAR vs. FDLO ETF Comparison

Comparison of Themes Natural Monopoly ETF (CZAR) to Fidelity Low Volatility Factor ETF (FDLO)

CZAR

Themes Natural Monopoly ETF

CZAR Description

The index is designed to provide exposure to companies in the large- and mid- capitalization segments that exhibit a strong competitive advantage in their respective sector. 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

$29.85

Average Daily Volume

322

Number of Holdings ^*

* may have additional holdings in another (foreign) market

FDLO

Fidelity Low Volatility Factor ETF

FDLO Description

The fund seeks to provide investment returns that correspond, before fees and expenses, generally to the performance of the Fidelity U.S. Low Volatility Factor Index. Normally investing at least 80% of assets in securities included in the Fidelity U.S. Low Volatility Factor Index, which is designed to reflect the performance of stocks of large and mid-capitalization U.S. companies with lower volatility than the broader market.

Grade (RS Rating)

Last Trade

$61.98

Average Daily Volume

74,193

Number of Holdings ^*

125

* may have additional holdings in another (foreign) market

Performance

Period	CZAR	FDLO
30 Days	1.67%	0.81%
60 Days	1.36%	1.49%
90 Days	3.36%	4.05%
12 Months		21.68%

16 Overlapping Holdings

Symbol	Grade	Weight in CZAR	Weight in FDLO	Overlap
AJG	B	3.16%	0.61%	0.61%
CMCSA	B	0.52%	0.95%	0.52%
CSCO	B	3.99%	1.77%	1.77%
CVX	A	0.67%	0.69%	0.67%
ECL	D	0.39%	0.24%	0.24%
KO	D	0.98%	0.66%	0.66%
LIN	D	0.37%	0.53%	0.37%
MA	C	0.53%	1.34%	0.53%
PEP	F	1.0%	0.62%	0.62%
PG	A	1.01%	0.99%	0.99%
RSG	A	0.24%	0.47%	0.24%
T	A	0.32%	0.99%	0.32%
V	A	0.52%	1.47%	0.52%
VMC	B	0.33%	0.2%	0.2%
VRTX	F	1.91%	0.69%	0.69%
VZ	C	0.27%	0.93%	0.27%

CZAR Overweight 29 Positions Relative to FDLO

Symbol	Grade	Weight
APO	B	3.87%
BLK	C	3.7%
META	D	3.57%
AXP	A	3.46%
FTV	C	3.34%
ADI	D	3.04%
OTEX	D	3.0%
ADBE	C	2.99%
BMY	B	2.61%
GILD	C	2.49%
KVUE	A	1.3%
AME	A	1.01%
XYL	D	0.78%
SNA	A	0.7%
CPAY	A	0.63%
CHTR	C	0.62%
GPN	B	0.54%
EXC	C	0.49%
ROL	B	0.48%
LKQ	D	0.48%
ABNB	C	0.41%
WCN	A	0.39%
UBER	D	0.37%
FDX	B	0.36%
CNI	D	0.35%
STLA	F	0.35%
DGX	A	0.31%
IQV	D	0.26%
GPC	D	0.15%

CZAR Underweight 109 Positions Relative to FDLO

Symbol	Grade	Weight
AAPL	C	-7.26%
MSFT	F	-6.93%
GOOGL	C	-4.12%
AMZN	C	-3.92%
BRK.A	B	-2.13%
ORCL	B	-2.01%
JPM	A	-1.89%
ACN	C	-1.6%
LLY	F	-1.57%
UNH	C	-1.55%
IBM	C	-1.54%
MSI	B	-1.49%
TXN	C	-1.48%
ROP	B	-1.21%
HD	A	-1.19%
TYL	B	-1.19%
JNJ	D	-1.18%
XOM	B	-1.17%
VRSN	F	-1.08%
DOX	D	-1.08%
AKAM	D	-1.03%
ABBV	D	-0.98%
TMUS	B	-0.97%
WMT	A	-0.95%
ABT	B	-0.9%
MRK	F	-0.88%
PGR	A	-0.84%
MCD	D	-0.8%
TMO	F	-0.78%
EA	A	-0.72%
CB	C	-0.72%
ETN	A	-0.72%
LOW	D	-0.71%
AMGN	D	-0.71%
SBUX	A	-0.7%
HON	B	-0.7%
TRV	B	-0.69%
CME	A	-0.69%
MMC	B	-0.67%
ADP	B	-0.66%
TJX	A	-0.65%
UNP	C	-0.63%
PM	B	-0.62%
AIZ	A	-0.61%
BDX	F	-0.6%
FDS	B	-0.59%
LMT	D	-0.58%
ITW	B	-0.56%
WRB	A	-0.56%
NKE	D	-0.56%
WM	A	-0.55%
CBOE	B	-0.55%
FAST	B	-0.54%
ORLY	B	-0.53%
JKHY	D	-0.51%
PAYX	C	-0.51%
GRMN	B	-0.51%
REGN	F	-0.5%
NOC	D	-0.5%
GD	F	-0.49%
LHX	C	-0.49%
OTIS	C	-0.47%
AZO	C	-0.47%
TSCO	D	-0.46%
ERIE	D	-0.45%
BAH	F	-0.43%
COP	C	-0.41%
J	F	-0.39%
SO	D	-0.37%
MDLZ	F	-0.37%
CL	D	-0.35%
DUK	C	-0.35%
WMB	A	-0.34%
FCN	D	-0.34%
EOG	A	-0.32%
EQIX	A	-0.31%
XEL	A	-0.3%
SHW	A	-0.3%
KMB	D	-0.3%
KMI	A	-0.3%
HII	D	-0.29%
AMT	D	-0.29%
GIS	D	-0.28%
LNG	B	-0.28%
AEP	D	-0.28%
WEC	A	-0.27%
APD	A	-0.27%
AEE	A	-0.26%
DLR	B	-0.26%
PSA	D	-0.25%
ED	D	-0.25%
CMS	C	-0.24%
HSY	F	-0.24%
DTM	B	-0.23%
O	D	-0.22%
CCI	D	-0.21%
CTVA	C	-0.2%
PKG	A	-0.19%
MLM	B	-0.19%
CTRA	B	-0.19%
CSGP	D	-0.18%
MAA	B	-0.18%
EQR	B	-0.18%
ADC	B	-0.16%
AMH	D	-0.16%
ELS	C	-0.16%
ATR	B	-0.16%
AMCR	D	-0.15%
AVY	D	-0.14%