IZRL vs. SPAM ETF Comparison

Comparison of ARK Israel Innovative Technology ETF (IZRL) to Themes Cybersecurity ETF (SPAM)

IZRL

ARK Israel Innovative Technology ETF

IZRL Description

The ARK Israel Innovative Technology ETF (IZRL) seeks to provide investment results that closely correspond, before fees and expenses, to the performance of the ARK Israeli Innovation Index, which is designed to track the price movements of exchange-listed Israeli companies whose main business operations are causing disruptive innovation in the areas of genomics, health care, biotechnology, industrials, manufacturing, the Internet or information technology. The Index includes equity securities and depositary receipts of exchange listed companies that are incorporated and/or domiciled in Israel (‘‘Israeli Companies’’) and are included in one of the following economic sectors as defined by FactSet Research Systems: (i) health technology, (ii) communications, (iii) technology services, (iv) electronic technology, (v) consumer services, or (vi) producer manufacturing.

Grade (RS Rating)

Last Trade

$20.34

Average Daily Volume

13,195

Number of Holdings ^*

* may have additional holdings in another (foreign) market

SPAM

Themes Cybersecurity ETF

SPAM Description

The index is designed to provide exposure to companies that have business operations in the cybersecurity industry. 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

$28.73

Average Daily Volume

483

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	IZRL	SPAM
30 Days	4.63%	1.41%
60 Days	1.45%	0.38%
90 Days	3.78%	10.80%
12 Months	24.33%

3 Overlapping Holdings

Symbol	Grade	Weight in IZRL	Weight in SPAM	Overlap
CHKP	F	2.34%	5.29%	2.34%
CYBR	C	2.18%	4.59%	2.18%
RDWR	C	2.46%	1.53%	1.53%

IZRL Overweight 21 Positions Relative to SPAM

Symbol	Grade	Weight
CLBT	A	2.77%
SMWB	C	2.6%
TEVA	A	2.36%
ITRN	C	2.29%
MNDY	A	2.27%
FVRR	A	2.21%
WKME	A	2.14%
CGNT	F	2.1%
MGIC	C	2.07%
WIX	B	2.06%
PLTK	A	1.94%
SPNS	B	1.93%
AUDC	F	1.92%
NICE	C	1.9%
INMD	C	1.85%
MDWD	A	1.75%
URGN	F	1.7%
RSKD	F	1.63%
FROG	C	1.57%
NNOX	F	1.57%
SSYS	F	1.45%

IZRL Underweight 19 Positions Relative to SPAM

Symbol	Grade	Weight
FTNT	B	-5.85%
YOU	A	-5.81%
S	B	-5.64%
CACI	A	-5.54%
VRNS	D	-5.35%
BAH	A	-5.18%
PANW	B	-4.65%
RPD	C	-4.48%
TENB	D	-4.19%
ZS	C	-4.1%
QLYS	F	-3.76%
ALRM	F	-3.65%
CRWD	C	-3.51%
OKTA	D	-3.42%
ATEN	A	-2.01%
FSLY	D	-1.79%
APLD	C	-1.49%
OSPN	B	-1.0%
CHGX	B	-0.49%