CZAR vs. TBG ETF Comparison

Comparison of Themes Natural Monopoly ETF (CZAR) to TBG Dividend Focus ETF (TBG)

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

$29.36

Average Daily Volume

341

Number of Holdings ^*

* may have additional holdings in another (foreign) market

TBG

TBG Dividend Focus ETF

TBG Description

The fund seeks to achieve its investment objective by investing in equity securities of small-, mid- and large- capitalization companies that the sub-adviser believes have the potential to grow their dividends over time. The fund will invest primarily in companies that have operations in and/or domiciled in the U.S. and that trade on U.S. stock exchanges. In addition, the fund may invest in real estate investment trusts (REITs) and master limited partnerships (MLPs).

Grade (RS Rating)

Last Trade

$31.86

Average Daily Volume

13,755

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	CZAR	TBG
30 Days	4.00%	4.35%
60 Days	7.35%	7.76%
90 Days	6.23%	11.67%
12 Months

1 Overlapping Holdings

	Symbol	Grade	Weight in CZAR	Weight in TBG	Overlap
	CSCO	A	3.52%	3.69%	3.52%

CZAR Overweight 5 Positions Relative to TBG

Symbol	Grade	Weight
ADI	C	3.4%
FTV	D	3.32%
ADBE	F	3.27%
META	B	3.25%
BLK	B	3.22%

CZAR Underweight 8 Positions Relative to TBG

Symbol	Grade	Weight
SPG	B	-4.45%
IBM	A	-4.29%
ET	A	-3.94%
AEP	D	-3.94%
GILD	A	-3.83%
EPD	A	-3.73%
VZ	C	-3.66%
TFC	D	-3.54%