FWD vs. WISE ETF Comparison

Comparison of AB Disruptors ETF (FWD) to Themes Generative Artificial Intelligence ETF (WISE)

FWD

AB Disruptors ETF

FWD Description

FWD seeks capital growth by actively investing in companies globally, believed to be at the forefront of innovative growth trends. The funds adviser considers such companies as market disrupters. Many may utilize technology to enhance or create new demand for their product or service. The selection process combines a top-down evaluation of macroeconomic growth trends with fundamental, bottom-up analysis of individual companies. Factors such as current and projected profitability, pricing power, competitiveness, technological superiority, and management robustness of a company are considered. Targeted themes may include cloud infrastructure & AI, energy transition, transportation & logistics, medical innovation, digital transactions & media, and industrial innovation. The resulting portfolio of 80-120 stocks is considered non-diversified and may heavily focus on industries within the Information Technology sector.

Grade (RS Rating)

Last Trade

$81.57

Average Daily Volume

19,651

Number of Holdings ^*

* may have additional holdings in another (foreign) market

WISE

Themes Generative Artificial Intelligence ETF

WISE Description

The index is designed to provide exposure to companies that have business operations in AI related industries. 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

$32.00

Average Daily Volume

2,611

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	FWD	WISE
30 Days	1.19%	3.62%
60 Days	5.50%	9.97%
90 Days	5.29%	10.88%
12 Months	42.18%

14 Overlapping Holdings

Symbol	Grade	Weight in FWD	Weight in WISE	Overlap
AAPL	C	0.73%	2.28%	0.73%
AMD	F	0.7%	4.04%	0.7%
AMZN	B	1.36%	4.63%	1.36%
ANET	C	1.59%	2.42%	1.59%
AVGO	C	1.51%	3.38%	1.51%
GOOGL	B	0.53%	4.04%	0.53%
LSCC	D	0.96%	0.88%	0.88%
META	C	1.44%	1.36%	1.36%
MSFT	D	0.69%	3.76%	0.69%
NVDA	A	5.44%	4.87%	4.87%
ORCL	A	2.12%	3.88%	2.12%
PLTR	A	1.26%	2.74%	1.26%
SNPS	C	0.73%	1.04%	0.73%
TSLA	A	2.9%	1.16%	1.16%

FWD Overweight 68 Positions Relative to WISE

Symbol	Grade	Weight
VST	A	2.21%
GEV	A	2.07%
VRT	A	1.63%
ISRG	A	1.59%
TXN	C	1.5%
BSX	A	1.49%
NFLX	A	1.45%
SHOP	B	1.39%
MRVL	B	1.23%
FTNT	B	1.2%
HWM	A	1.18%
EPAM	C	1.17%
SPOT	B	1.17%
TTD	B	1.14%
COHR	B	1.12%
ETN	B	1.09%
CRWD	B	1.08%
DASH	A	1.05%
APO	A	1.05%
MU	D	1.04%
TT	A	1.03%
ON	F	1.01%
IOT	A	1.01%
LRCX	F	0.98%
CAT	C	0.97%
ARM	F	0.96%
DDOG	A	0.95%
TER	F	0.94%
TEAM	A	0.94%
AMAT	F	0.93%
MDB	C	0.91%
MELI	D	0.86%
WAB	B	0.85%
BKR	B	0.84%
LLY	F	0.83%
GWRE	A	0.78%
SYK	A	0.78%
CIEN	B	0.76%
RBLX	B	0.75%
NEE	C	0.74%
ADBE	D	0.73%
MNDY	D	0.73%
ABBV	F	0.71%
LITE	B	0.68%
HUBS	B	0.66%
SLAB	F	0.65%
ADI	D	0.64%
ILMN	C	0.62%
BKNG	A	0.61%
TMO	F	0.6%
AFRM	A	0.59%
NOW	B	0.56%
CRL	D	0.55%
FROG	C	0.52%
UBER	F	0.52%
RDDT	A	0.51%
ABT	A	0.5%
BSY	D	0.49%
RGEN	F	0.48%
IQV	F	0.47%
MEDP	D	0.46%
IPGP	D	0.45%
ABNB	D	0.45%
MPWR	F	0.42%
FCX	F	0.41%
PI	D	0.41%
Z	A	0.4%
CALX	D	0.01%

FWD Underweight 22 Positions Relative to WISE

Symbol	Grade	Weight
SOUN	C	-5.05%
INTC	C	-4.63%
GDYN	C	-4.27%
PATH	C	-4.16%
AI	B	-3.69%
CRM	B	-3.25%
BBAI	C	-3.24%
QUIK	F	-3.19%
VERI	F	-2.95%
AMBA	B	-2.57%
SNOW	C	-2.51%
BIDU	F	-2.47%
CEVA	B	-2.23%
EXLS	B	-1.8%
ZETA	D	-1.38%
IBM	C	-1.26%
S	B	-0.72%
BABA	D	-0.6%
FICO	B	-0.56%
TIXT	D	-0.39%
CRVL	A	-0.23%
ACN	C	-0.11%