BOAT vs. OBOR ETF Comparison

Comparison of SonicShares Global Shipping ETF (BOAT) to KraneShares MSCI One Belt One Road Index ETF (OBOR)

BOAT

SonicShares Global Shipping ETF

BOAT Description

The investment seeks to track the performance, before fees and expenses, of the Solactive Global Shipping Index. The index is a rules-based index that seeks to provide exposure to a global portfolio of companies identified as being engaged in the water transportation industry. Under normal circumstances, at least 80% of the fund?s net assets, plus borrowings for investment purposes, will be invested in Global Shipping Companies. It also may invest in securities or other investments not included in the index, but which the fund?s investment adviser believes will help it track the index. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$32.40

Average Daily Volume

10,698

Number of Holdings ^*

23

* may have additional holdings in another (foreign) market

OBOR

KraneShares MSCI One Belt One Road Index ETF

OBOR Description

The investment seeks to track the MSCI Global China Infrastructure Exposure Index. The fund will invest at least 80% of its total assets in components of the index, depositary receipts, including ADRs, representing such components and securities underlying depositary receipts in the index. The underlying index is designed to track the equity market performance of listed companies with high revenue exposure to Chinese infrastructure development in a specified set of industries relevant to the Chinese government's One Belt, One Road initiative, as determined by the provider of the underlying index. It is non-diversified.

Grade (RS Rating)

Last Trade

$22.59

Average Daily Volume

1,272

Number of Holdings ^*

1

* may have additional holdings in another (foreign) market

Performance

Period	BOAT	OBOR
30 Days	-9.64%	-5.84%
60 Days	-2.39%	3.33%
90 Days	0.32%	3.41%
12 Months	20.48%	16.69%

1 Overlapping Holdings

	Symbol	Grade	Weight in BOAT	Weight in OBOR	Overlap
	ZIM	A	2.65%	0.89%	0.89%

BOAT Overweight 22 Positions Relative to OBOR

	Symbol	Grade	Weight
	MATX	A	5.0%
	SBLK	F	3.53%
	STNG	F	3.49%
	FRO	F	3.45%
	INSW	F	3.29%
	GOGL	F	2.18%
	DHT	F	1.65%
	DAC	D	1.55%
	CMRE	C	1.54%
	SFL	F	1.45%
	ECO	F	1.34%
	FLNG	F	1.29%
	LPG	F	1.22%
	NVGS	F	1.14%
	GSL	C	0.81%
	NAT	F	0.68%
	GNK	D	0.65%
	ASC	F	0.59%
	SB	F	0.46%
	PANL	F	0.29%
	ESEA	D	0.28%
	DSX	F	0.27%

BOAT Underweight 0 Positions Relative to OBOR

	Symbol	Grade	Weight

BOAT: Top Represented Industries & Keywords

Industries: Shipping & Ports Marine Shipping Integrated Shipping & Logistics Oil & Gas Midstream

Keywords: Ships Maritime Transport Tanker Freight Transport Shipping Bulk Carrier Oil Tanker Panamax Seaborne Transportation Transport Container Ship Handymax Bulk Cargo Capesize Intermodal Container Shipping Companies Water Transport Containerization Crude Oil Dryships

OBOR: Top Represented Industries & Keywords

Industries: Marine Shipping

Keywords: Container Ship Containerization Freight Transport Intermodal Container Intermodal Freight Transport Refrigerated Container Shipping Companies Transport