HWAY vs. BEEZ ETF Comparison

Comparison of Themes US Infrastructure ETF (HWAY) to Honeytree U.S. Equity ETF (BEEZ)

HWAY

Themes US Infrastructure ETF

HWAY Description

The index is designed to provide exposure to U.S. companies that have business operations involving the building materials, equipment, logistics, construction, and engineering services used for the development and maintenance of infrastructure projects. It will invest, under normal circumstances, at least 80% of its net assets, plus the amount of any borrowings for investment purposes, in the securities that comprise the index. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$28.75

Average Daily Volume

400

Number of Holdings ^*

* may have additional holdings in another (foreign) market

BEEZ

Honeytree U.S. Equity ETF

BEEZ Description

The fund is an actively managed exchange-traded fund ("ETF") sub-advised by Honeytree Investment Management Ltd. (the "Sub-Adviser"). The fund does not seek to replicate the performance of a specified index. The fund seeks to achieve its investment objective by investing at least 80% of the fund"s net assets, plus borrowings for investment purposes in a concentrated portfolio of large-cap and mid-cap U.S. listed equity stocks.

Grade (RS Rating)

Last Trade

$32.81

Average Daily Volume

601

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	HWAY	BEEZ
30 Days	4.93%	1.11%
60 Days	7.92%	2.05%
90 Days		4.98%
12 Months		25.00%

2 Overlapping Holdings

	Symbol	Grade	Weight in HWAY	Weight in BEEZ	Overlap
	FAST	B	3.3%	4.03%	3.3%
	WTS	B	0.45%	4.02%	0.45%

HWAY Overweight 95 Positions Relative to BEEZ

Symbol	Grade	Weight
EMR	B	4.96%
CSX	C	4.32%
NSC	B	4.21%
DE	B	4.18%
UNP	C	4.15%
CAT	B	4.1%
URI	C	3.91%
GWW	B	3.71%
PWR	A	3.43%
VMC	B	2.62%
MLM	C	2.52%
NUE	C	2.47%
WAB	B	2.45%
XYL	D	2.11%
DOV	A	1.95%
EME	A	1.65%
BLDR	D	1.46%
CSL	C	1.44%
STLD	B	1.42%
OC	A	1.21%
IEX	C	1.2%
J	D	1.2%
FIX	A	1.16%
RS	B	1.13%
GGG	B	1.08%
ACM	B	1.02%
POOL	C	0.97%
TTEK	F	0.78%
AA	A	0.78%
MLI	B	0.77%
AIT	B	0.75%
BLD	D	0.74%
FLR	B	0.68%
WCC	B	0.67%
EXP	B	0.67%
DCI	B	0.65%
CRS	B	0.65%
X	B	0.64%
WMS	F	0.63%
CR	A	0.62%
UFPI	C	0.59%
OSK	C	0.54%
ATI	C	0.53%
R	B	0.53%
VMI	B	0.52%
TREX	C	0.52%
CMC	B	0.52%
SSD	F	0.52%
APG	B	0.47%
AZEK	A	0.46%
AGCO	D	0.46%
VNT	C	0.44%
ZWS	B	0.43%
SUM	B	0.43%
HRI	C	0.41%
SKY	A	0.41%
DY	D	0.41%
STRL	A	0.41%
CLF	F	0.4%
ACA	A	0.38%
KNF	B	0.38%
BCC	B	0.38%
SWX	B	0.34%
GVA	A	0.32%
ROAD	B	0.29%
MDU	D	0.27%
MSM	C	0.27%
TEX	F	0.26%
VRRM	F	0.26%
NPO	A	0.26%
ATKR	D	0.25%
TRN	B	0.23%
CVCO	A	0.22%
MYRG	B	0.17%
ROCK	C	0.16%
AZZ	A	0.16%
GBX	A	0.15%
ALG	B	0.14%
HEES	C	0.14%
AGX	B	0.13%
HLIO	B	0.12%
APOG	C	0.12%
WS	C	0.11%
DNOW	B	0.11%
LNN	B	0.1%
CENX	B	0.09%
BXC	B	0.09%
NVEE	F	0.09%
KALU	C	0.09%
MRC	B	0.08%
USLM	A	0.07%
TPC	C	0.07%
JBI	F	0.07%
GLDD	B	0.03%
NVRI	D	0.02%

HWAY Underweight 23 Positions Relative to BEEZ

Symbol	Grade	Weight
INTU	B	-4.17%
HD	B	-4.13%
ACN	B	-4.11%
COST	A	-4.1%
NOW	A	-4.09%
CMI	A	-4.08%
EW	C	-4.07%
ZTS	D	-4.05%
V	A	-4.04%
ATR	B	-4.02%
MA	B	-4.01%
SHW	B	-3.99%
EQIX	A	-3.98%
ITW	B	-3.98%
APD	A	-3.97%
TMO	F	-3.92%
AMT	C	-3.91%
A	D	-3.9%
MAS	D	-3.87%
TSCO	D	-3.86%
TXN	C	-3.78%
LRCX	F	-3.76%
OLED	F	-3.72%