urns of thematic plays 4% • 7% 6% • 5% • 4% 3% 2% 1% 1 I ICRed/ 70/ 4" clecy 0, 041 4/14, ojrY ceboi 2""/ Settee SOP. D-ursuove ttina. lhen.M likarbrp r.wo. !Figure 46: YTI) total returns of thematic plays and underlying sectors and baskets YTD Total Returns Cyclicals 2.7% Credit vs.