URAN vs. URNM ETF Comparison

Comparison of Themes Uranium & Nuclear ETF (URAN) to NorthShore Global Uranium Mining ETF (URNM)

URAN

Themes Uranium & Nuclear ETF

URAN Description

URAN tracks an index of stocks deriving revenues from the uranium and nuclear industries. The issuer defines the uranium industry to include downstream and upstream operations. The nuclear industry encompasses materials, equipment, technology, and infrastructure, as well as generation and distribution. The fund begins with an index universe of publicly listed securities trading on global exchanges that meet the thematic definitions through an in-depth analysis of a companys business footprint from publicly available data. A Thematic Exposure Score for each company is generated relative to revenue. The fund selects companies with Thematic Exposure Scores not lower than 30%, as well as the top 5 stocks based on thematic revenue dollars amount (revenue multiplied by the Thematic Exposure Score). The portfolio provides heavier weight to companies based on its revenue-based thematic exposure. The index is reconstituted and rebalanced quarterly.

Grade (RS Rating)

Last Trade

$34.10

Average Daily Volume

6,659

Number of Holdings ^*

13

* may have additional holdings in another (foreign) market

URNM

NorthShore Global Uranium Mining ETF

URNM Description

The investment seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of the North Shore Global Uranium Mining Index. The fund will normally invest at least 80% of its total assets in securities of the index. The index is designed to track the performance of companies that are involved in the mining, exploration, development, and production of uranium, and companies that hold physical uranium, uranium royalties, or other non-mining assets (Uranium Companies). It is non-diversified.

Grade (RS Rating)

Last Trade

$49.74

Average Daily Volume

542,955

Number of Holdings ^*

3

* may have additional holdings in another (foreign) market

Performance

Period	URAN	URNM
30 Days	1.88%	-4.38%
60 Days		15.49%
90 Days		14.82%
12 Months		4.25%

3 Overlapping Holdings

	Symbol	Grade	Weight in URAN	Weight in URNM	Overlap
	DNN	B	3.8%	5.78%	3.8%
	EU	D	0.53%	2.55%	0.53%
	UEC	B	5.42%	6.25%	5.42%

URAN Overweight 10 Positions Relative to URNM

	Symbol	Grade	Weight
	SMR	B	11.19%
	CEG	C	8.3%
	LEU	C	6.04%
	PCG	A	4.95%
	OKLO	B	4.05%
	MIR	A	3.27%
	DUK	C	3.21%
	AEP	C	1.64%
	BWXT	B	1.61%
	PNM	B	0.91%

URAN Underweight 0 Positions Relative to URNM

	Symbol	Grade	Weight

URAN: Top Represented Industries & Keywords

Industries: Utilities - Regulated Electric Industrial Metals & Minerals Specialty Industrial Machinery Aerospace & Defense Uranium Utilities - Renewable

Keywords: Electricity Natural Gas Nuclear Technology S&P 500 Uranium Nuclear Fuel Nuclear Physics Nuclear Power Nuclear Reactor Uranium Mining By Country Distribution Services Energy Conversion In Situ Leach Nasdaq 100 Nuclear Fuels Public Utility Athabasca Basin Barge Boat Bone

URNM: Top Represented Industries & Keywords

Industries: Industrial Metals & Minerals Uranium

Keywords: Uranium Uranium Mining By Country In Situ Leach Athabasca Basin Chemical Elements Denison Mines Environmental Services Mineral Rights Mining Nuclear Fuels Nuclear Technology Uranium Mining Uranium Producer