iShares Core S&P 500 ETF

All eligible tradable and fractionable ETFs listed on major US exchanges (NYSE Arca, NASDAQ, BATS) are included in the universe

<ul><li>At Windmill Capital, our team builds thematic portfolios around long-term macro and technological shifts. We identify the sectors, industries and listed exposures positioned to benefit, then map where the theme is best captured across its value chain.</li><li>This smallcase invests through ETFs in two segments at very different stages of maturity. It combines cybersecurity companies which protect networks, devices, identities and data - already an essential and established area of spending, with quantum-computing companies, an early-stage technology that could eventually transform computing and even reshape how cybersecurity itself is built.</li><li>Eligible funds are evaluated for thematic purity, index construction, underlying holdings, geographic exposure, liquidity and implementation quality. Detailed holdings and overlap analysis confirms that each selection captures a distinct role rather than duplicating another sleeve.</li></ul>

All ETFs qualifying the above mentioned research criteria are selected

The list of selected ETFs is weighted such that the risk contribution of each ETF in the smallcase is equal. By focusing on risk instead of market cap or value, this weighting scheme provides better diversification and protection against market volatility

This smallcase has a quarterly rebalance schedule. Once every quarter, the research team reviews this smallcase and realign the weights with the selected asset allocation strategy for the next quarter

Global Cyber Security & Quantum Computing Theme

Compare with 501st-900th market cap stocks

Compare with 901st-1500th market cap stocks

A barbell strategy pairing the essential defense of global cybersecurity with the disruptive upside

Global Cyber Security & Quantum Computing Theme

Overview

ETFs & Weights