USRD vs. BAI ETF Comparison

Comparison of Themes US R&D Champions ETF (USRD) to iShares A.I. Innovation and Tech Active ETF (BAI)

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

$31.48

Average Daily Volume

143

Number of Holdings ^*

* may have additional holdings in another (foreign) market

BAI

iShares A.I. Innovation and Tech Active ETF

BAI Description

Under normal market conditions, the fund invests at least 80% of its net assets plus any borrowings for investment purposes in equity securities issued by U.S. and non-U.S. artificial intelligence ("A.I.") companies, technology companies and technology-related companies. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$26.61

Average Daily Volume

50,876

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	USRD	BAI
30 Days	0.74%	6.23%
60 Days	1.81%
90 Days	2.68%
12 Months

7 Overlapping Holdings

Symbol	Grade	Weight in USRD	Weight in BAI	Overlap
ANET	C	1.93%	1.9%	1.9%
CDNS	B	2.11%	3.31%	2.11%
GOOGL	C	2.0%	2.79%	2.0%
META	D	1.95%	6.88%	1.95%
MPWR	F	1.5%	1.39%	1.39%
NOW	A	2.15%	3.26%	2.15%
ORCL	A	2.19%	3.63%	2.19%

USRD Overweight 43 Positions Relative to BAI

Symbol	Grade	Weight
FTNT	C	2.39%
TRMB	B	2.33%
EXPE	B	2.31%
GM	C	2.25%
INTU	B	2.25%
CMI	A	2.19%
ALGN	D	2.18%
ZM	C	2.17%
HPE	B	2.16%
EA	A	2.12%
ISRG	A	2.11%
ADBE	C	2.1%
ADSK	A	2.1%
CSCO	B	2.07%
ANSS	B	2.06%
VEEV	C	2.04%
SNPS	B	2.04%
NTAP	C	2.03%
BSX	A	2.03%
ROP	B	2.02%
EW	C	2.02%
KEYS	A	2.0%
IBM	C	1.98%
QCOM	F	1.97%
TTD	B	1.97%
CSGP	D	1.96%
MDT	D	1.96%
NOC	D	1.94%
HOLX	D	1.94%
JNJ	C	1.93%
DOX	D	1.89%
AMAT	F	1.89%
LRCX	F	1.88%
GEHC	D	1.87%
AMD	F	1.87%
EL	F	1.85%
MELI	C	1.84%
CTVA	C	1.81%
REGN	F	1.79%
LLY	F	1.77%
LDOS	C	1.75%
AKAM	D	1.73%
ENPH	F	1.43%

USRD Underweight 23 Positions Relative to BAI

Symbol	Grade	Weight
NVDA	B	-9.43%
MSFT	D	-6.81%
AVGO	D	-4.74%
AMZN	C	-3.7%
TSM	B	-3.66%
COHR	B	-3.04%
RDDT	A	-3.02%
TSLA	B	-2.87%
SAP	B	-2.43%
PSTG	D	-2.13%
VRT	B	-2.11%
MDB	B	-2.02%
IOT	A	-2.01%
SNOW	B	-2.01%
PSN	D	-2.01%
CYBR	A	-1.95%
NET	B	-1.92%
DDOG	A	-1.84%
MU	D	-1.79%
ARM	F	-1.76%
CEG	C	-1.65%
TEAM	A	-1.51%
ASML	F	-1.35%