CUT vs. ADPV ETF Comparison

Comparison of Invesco MSCI Global Timber ETF (CUT) to Adaptiv Select ETF (ADPV)

CUT

Invesco MSCI Global Timber ETF

CUT Description

The investment seeks investment results that correspond generally to the performance, before the fund's fees and expenses, of an equity index called the Beacon Global Timber Index. The fund will invest at least 90% of its total assets in common stock, American depositary receipts ("ADRs") and global depositary receipts ("GDRs") that comprise the index and depositary receipts representing common stocks included in the index (or underlying securities representing the ADRs and GDRs included in the index). It generally will invest in all of the securities comprising the index in proportion to their weightings in the index. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$34.15

Average Daily Volume

2,901

Number of Holdings ^*

* may have additional holdings in another (foreign) market

ADPV

Adaptiv Select ETF

ADPV Description

To achieve its investment objective of long-term capital appreciation, the fund will invest substantially all of its net assets in a portfolio of publicly-listed equity securities of U.S. large capitalization companies during broad U.S. equity market uptrends. The fund will primarily own common stocks, but may also invest in equity securities of REITS to the extent such REITS are among the 1,000 largest capitalized U.S.-listed stocks. It is non-diversified.

Grade (RS Rating)

Last Trade

$37.08

Average Daily Volume

6,571

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	CUT	ADPV
30 Days	0.31%	12.84%
60 Days	-1.86%	16.03%
90 Days	-0.90%	16.61%
12 Months	14.08%	57.68%

1 Overlapping Holdings

	Symbol	Grade	Weight in CUT	Weight in ADPV	Overlap
	AMCR	C	4.74%	4.61%	4.61%

CUT Overweight 17 Positions Relative to ADPV

Symbol	Grade	Weight
IP	A	6.03%
PKG	A	6.01%
SW	A	5.88%
WY	F	5.15%
AVY	F	4.73%
GPK	C	4.39%
LPX	B	3.65%
SEE	C	2.61%
WFG	C	2.59%
SON	F	2.49%
RYN	D	2.12%
PCH	F	1.68%
SLVM	B	1.48%
PTVE	B	0.28%
CLW	F	0.21%
PACK	B	0.15%
MERC	F	0.13%

CUT Underweight 24 Positions Relative to ADPV

Symbol	Grade	Weight
PLTR	B	-7.92%
APP	B	-6.12%
HOOD	B	-5.75%
PPC	C	-5.68%
HBAN	A	-5.31%
T	A	-4.74%
VIRT	A	-4.7%
KEY	B	-4.53%
NU	C	-4.23%
KMI	A	-3.92%
MDU	D	-3.65%
RF	A	-3.54%
MTG	C	-3.43%
VST	A	-3.39%
TOST	B	-3.29%
CRBG	B	-3.28%
CPNG	D	-3.22%
OWL	A	-3.14%
HIW	C	-3.07%
AM	A	-2.76%
VKTX	F	-2.72%
GTES	A	-2.29%
EXEL	B	-1.94%
HAYW	B	-1.84%

CUT: Top Represented Industries & Keywords

Industries: Packaging & Containers Lumber & Wood Production Paper & Paper Products Building Materials Business Equipment Conglomerates REIT - Diversified