HWAY vs. INNO ETF Comparison

Comparison of Themes US Infrastructure ETF (HWAY) to Harbor Disruptive Innovation ETF (INNO)

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

$28.27

Average Daily Volume

424

Number of Holdings ^*

* may have additional holdings in another (foreign) market

INNO

Harbor Disruptive Innovation ETF

INNO Description

INNO invests in stocks of any size with growth potential linked to disruptive innovation. The fund aims to achieve enhanced risk-adjusted investment outcome by utilizing an active multi-manager approach in which the advisor allocates assets among subadvisors. Each subadvisor represents a strategy that targets associated disruptive companies in technology, advanced therapies, analog-to-digital transition, structural changes and secular trends, and products or services with large demand. The advisor determines and adjusts allocations based on qualitative and quantitative assessments of each strategy, as well as in combination. The fund may invest up to 25% in foreign markets, including developing countries. INNO utilizes the same investment strategy and portfolio management team as its mutual fund counterpart, Harbor Disruptive Innovation Fund.

Grade (RS Rating)

Last Trade

$16.54

Average Daily Volume

29,538

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	HWAY	INNO
30 Days	1.50%	2.51%
60 Days	9.31%	6.33%
90 Days		7.08%
12 Months		26.95%

1 Overlapping Holdings

	Symbol	Grade	Weight in HWAY	Weight in INNO	Overlap
	URI	B	4.01%	2.81%	2.81%

HWAY Overweight 96 Positions Relative to INNO

Symbol	Grade	Weight
EMR	A	4.77%
CSX	B	4.34%
NSC	B	4.27%
UNP	D	4.18%
CAT	B	4.1%
DE	D	3.97%
GWW	A	3.72%
PWR	A	3.38%
FAST	B	3.29%
VMC	B	2.68%
MLM	B	2.63%
NUE	D	2.6%
WAB	B	2.46%
XYL	D	2.1%
DOV	A	1.92%
EME	B	1.65%
STLD	B	1.46%
CSL	B	1.45%
BLDR	D	1.43%
J	D	1.23%
IEX	B	1.18%
FIX	A	1.17%
OC	A	1.16%
RS	B	1.14%
GGG	A	1.03%
ACM	B	1.01%
POOL	D	0.98%
TTEK	D	0.87%
MLI	B	0.79%
AA	A	0.78%
BLD	F	0.76%
AIT	A	0.74%
EXP	B	0.68%
X	D	0.68%
WCC	A	0.66%
DCI	B	0.65%
FLR	B	0.64%
CR	A	0.63%
CRS	A	0.63%
WMS	F	0.62%
UFPI	C	0.6%
TREX	C	0.55%
CMC	B	0.54%
OSK	C	0.54%
SSD	D	0.54%
ATI	D	0.53%
R	A	0.52%
VMI	B	0.51%
APG	C	0.48%
AZEK	B	0.45%
VNT	C	0.45%
SUM	B	0.44%
AGCO	D	0.44%
CLF	F	0.44%
HRI	B	0.43%
WTS	A	0.43%
ZWS	B	0.42%
STRL	B	0.42%
SKY	A	0.4%
DY	C	0.39%
KNF	B	0.39%
BCC	B	0.38%
ACA	B	0.38%
SWX	A	0.32%
GVA	A	0.31%
MSM	C	0.29%
ROAD	B	0.29%
TEX	D	0.27%
VRRM	D	0.26%
ATKR	C	0.26%
MDU	D	0.25%
NPO	A	0.24%
CVCO	A	0.22%
TRN	A	0.22%
MYRG	B	0.17%
AZZ	B	0.16%
ROCK	C	0.16%
GBX	A	0.14%
AGX	B	0.14%
HEES	B	0.14%
HLIO	B	0.13%
APOG	B	0.13%
ALG	B	0.13%
DNOW	A	0.11%
WS	B	0.11%
NVEE	F	0.1%
KALU	C	0.1%
LNN	B	0.1%
CENX	A	0.08%
BXC	B	0.08%
MRC	B	0.08%
USLM	A	0.07%
TPC	C	0.07%
JBI	F	0.07%
GLDD	B	0.03%
NVRI	F	0.02%

HWAY Underweight 67 Positions Relative to INNO

Symbol	Grade	Weight
NVDA	B	-4.35%
SHOP	A	-3.91%
NOW	B	-3.73%
GOOG	B	-3.38%
CDNS	B	-3.13%
AMZN	B	-2.97%
FI	A	-2.94%
MELI	D	-2.85%
PGR	B	-2.82%
DASH	B	-2.82%
LIN	D	-2.53%
LRCX	F	-2.42%
DHR	D	-2.42%
TXN	C	-2.3%
TEAM	A	-2.23%
IOT	B	-2.16%
TOST	A	-2.03%
META	C	-2.01%
GOOGL	B	-1.96%
MSFT	D	-1.92%
ASND	F	-1.55%
CMG	B	-1.51%
DDOG	B	-1.38%
AMD	F	-1.36%
TSM	B	-1.33%
PCOR	B	-1.2%
CGNX	D	-1.2%
NET	C	-1.17%
NFLX	A	-1.14%
HUBS	A	-1.11%
GTLS	A	-1.09%
CRM	A	-0.9%
S	B	-0.84%
SAP	C	-0.84%
SE	B	-0.83%
MEDP	D	-0.82%
ORCL	A	-0.81%
PANW	B	-0.8%
MNDY	C	-0.8%
ZS	B	-0.79%
MTSI	B	-0.77%
GEV	A	-0.67%
SQ	A	-0.65%
ROKU	D	-0.65%
LSCC	D	-0.64%
NU	C	-0.63%
DT	C	-0.62%
MDB	C	-0.62%
AMAT	F	-0.61%
PODD	A	-0.58%
GLBE	B	-0.57%
LLY	F	-0.54%
OKTA	D	-0.53%
DKNG	B	-0.5%
ICLR	F	-0.46%
TSLA	B	-0.46%
CRWD	B	-0.45%
SAIA	B	-0.45%
SNOW	C	-0.43%
LEGN	F	-0.41%
MRNA	F	-0.39%
TDG	D	-0.33%
RCKT	F	-0.33%
DXCM	C	-0.32%
CHKP	D	-0.32%
PCVX	D	-0.25%
BCYC	F	-0.16%