CUT vs. TWIO ETF Comparison

Comparison of Invesco MSCI Global Timber ETF (CUT) to Trajan Wealth Income Opportunities ETF (TWIO)

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

$33.17

Average Daily Volume

11,497

Number of Holdings ^*

* may have additional holdings in another (foreign) market

TWIO

Trajan Wealth Income Opportunities ETF

TWIO Description

Spinnaker ETF Series - Trajan Wealth Income Opportunities ETF is an exchange traded fund launched and managed by OBP Capital, LLC. The fund is co-managed by Trajan Wealth, LLC. It invests in the public equity and fixed income markets of the United States. For it equity portion, the fund invests in stocks of companies operating across diversified sectors. It invests in growth and value stocks of companies operating across diversified market capitalization. For its fixed income, the fund primarily invests in preferred securities and income producing fixed income securities with varying maturities. The fund employs fundamental analysis with bottom-up and top-down securities picking approach to create its portfolio. Spinnaker ETF Series - Trajan Wealth Income Opportunities ETF is domiciled in the United States.

Grade (RS Rating)

Last Trade

$8.80

Average Daily Volume

7,127

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	CUT	TWIO
30 Days	-1.38%	-1.52%
60 Days	4.52%	-0.15%
90 Days	10.66%	-0.15%
12 Months	16.50%	8.13%

1 Overlapping Holdings

	Symbol	Grade	Weight in CUT	Weight in TWIO	Overlap
	SON	D	2.61%	2.03%	2.03%

CUT Overweight 18 Positions Relative to TWIO

Symbol	Grade	Weight
WRK	A	5.37%
PKG	C	5.09%
AVY	A	5.04%
AMCR	A	4.81%
IP	D	4.76%
WY	D	4.51%
GPK	C	3.96%
LPX	D	2.27%
SEE	C	2.14%
WFG	D	2.02%
RYN	F	1.95%
PCH	D	1.48%
SLVM	A	1.1%
PIN	A	0.79%
CLW	B	0.34%
PTVE	C	0.33%
MERC	A	0.2%
PACK	B	0.16%

CUT Underweight 18 Positions Relative to TWIO

Symbol	Grade	Weight
C	A	-2.6%
IBM	D	-2.39%
SBLK	A	-2.31%
AIG	A	-2.22%
VZ	D	-2.16%
BKH	B	-2.08%
OGE	A	-1.98%
BG	C	-1.91%
VLO	C	-1.88%
FSK	B	-1.87%
PXD	B	-1.82%
WMB	B	-1.79%
BMY	F	-1.76%
BX	D	-1.75%
CMSC	C	-1.7%
KO	A	-1.56%
K	B	-1.52%
PSA	D	-1.4%

CUT: Top Represented Industries & Keywords

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