MADE vs. USRD ETF Comparison

Comparison of iShares Trust iShares U.S. Manufacturing ETF (MADE) to Themes US R&D Champions ETF (USRD)

MADE

iShares Trust iShares U.S. Manufacturing ETF

MADE Description

The underlying index is designed to measure the performance of equity securities of U.S.-domiciled companies that are involved in manufacturing and manufacturing-related industries and that generate a certain amount of revenues in the U.S., among other eligibility criteria, as determined by SPDJI. The fund generally will invest at least 80% of its assets in the component securities of its underlying index. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$24.84

Average Daily Volume

1,598

Number of Holdings ^*

* may have additional holdings in another (foreign) market

USRD

Themes US R&D Champions ETF

USRD Description

The index is designed to provide exposure to U.S. companies in the large- and mid- capitalization segments that rank in the top 50 companies based on the index Provider"s R&D intensity metric. 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. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$30.76

Average Daily Volume

259

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	MADE	USRD
30 Days	1.08%	0.54%
60 Days	5.81%	9.65%
90 Days		4.59%
12 Months

2 Overlapping Holdings

	Symbol	Grade	Weight in MADE	Weight in USRD	Overlap
	CARR	C	2.44%	2.09%	2.09%
	GM	D	3.88%	2.15%	2.15%

MADE Overweight 96 Positions Relative to USRD

Symbol	Grade	Weight
ETN	C	4.24%
APH	D	4.01%
DE	A	4.0%
PCAR	D	3.92%
HON	B	3.81%
CMI	B	3.79%
F	D	3.55%
AME	D	3.4%
TT	A	3.18%
PH	B	2.97%
RTX	A	2.79%
ROK	D	2.6%
FTV	B	2.33%
FSLR	C	2.33%
DOV	C	2.26%
LMT	A	2.13%
HUBB	A	1.96%
JCI	B	1.85%
TDY	B	1.75%
BA	F	1.55%
SWK	A	1.41%
TDG	A	1.38%
GD	A	1.34%
ENPH	D	1.31%
SNA	B	1.3%
NOC	B	1.26%
COHR	B	1.21%
NVT	D	1.02%
RRX	C	0.96%
LECO	F	0.91%
GNRC	B	0.78%
TTC	D	0.74%
LHX	A	0.74%
HWM	A	0.72%
ALSN	A	0.71%
FN	C	0.71%
AYI	A	0.71%
LII	C	0.71%
RIVN	F	0.68%
MKSI	F	0.65%
MIDD	D	0.64%
PNR	A	0.6%
MSA	D	0.6%
IEX	D	0.59%
LFUS	C	0.56%
OSK	F	0.54%
GGG	B	0.53%
AXON	A	0.51%
THO	C	0.49%
BC	C	0.48%
FSS	B	0.48%
VNT	F	0.41%
BDC	B	0.4%
ITRI	C	0.39%
HOG	C	0.39%
LDOS	A	0.37%
AOS	B	0.36%
ENS	C	0.35%
AEIS	D	0.31%
CR	C	0.3%
LCII	B	0.28%
AAON	B	0.28%
TXT	D	0.27%
LCID	D	0.27%
ESE	B	0.27%
ATKR	F	0.27%
SPXC	C	0.26%
TRN	C	0.24%
JBT	B	0.24%
CSWI	B	0.23%
BMI	A	0.23%
CXT	F	0.23%
AIN	D	0.23%
CW	A	0.23%
WTS	B	0.22%
HEI	C	0.2%
HII	D	0.18%
GT	F	0.18%
ZWS	A	0.18%
GTLS	F	0.17%
PLUG	F	0.16%
FELE	B	0.15%
WWD	B	0.15%
BE	F	0.15%
BWXT	A	0.15%
SAIC	B	0.13%
NPO	C	0.13%
MWA	B	0.13%
FOXF	F	0.12%
KBR	D	0.12%
MOG.A	B	0.1%
SEDG	F	0.08%
ARRY	F	0.06%
KTOS	A	0.06%
SHLS	F	0.06%
SPR	D	0.04%

MADE Underweight 8 Positions Relative to USRD

Symbol	Grade	Weight
KEYS	C	-2.34%
ZM	B	-2.28%
TTD	C	-2.19%
EXPE	B	-2.18%
VEEV	C	-2.16%
LLY	D	-2.12%
HPE	C	-2.09%
CTVA	B	-2.07%