ETEC vs. CUT ETF Comparison

Comparison of iShares Breakthrough Environmental Solutions ETF (ETEC) to Invesco MSCI Global Timber ETF (CUT)

ETEC

iShares Breakthrough Environmental Solutions ETF

ETEC Description

ETEC provides exposure to global equities categorized as emerging green technology. Selection begins with the initial index universe that then excludes companies involved in controversial issues against UNGC principles. Stocks are reviewed to meet revenue derived from eight sustainable themes: energy efficiency, green buildings and transportation, pollution prevention and reduction, renewable energy, resource efficiency technologies and services, water, and sustainable agriculture, food, and forestry. The fund excludes companies with total sustainable product revenue less than 25%. The remaining stocks are screened further to only include companies classified as green technologies. Stocks are scored within the Rogers innovation adoption curve to determine their position across the innovators-laggards spectrum, which contributes to an aggregate score. The top 50 companies with the highest aggregate scores are selected. The market cap-weighted index is reconstituted annually in December and rebalanced quarterly.

Grade (RS Rating)

Last Trade

$20.63

Average Daily Volume

433

Number of Holdings ^*

11

* may have additional holdings in another (foreign) market

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

$34.28

Average Daily Volume

3,182

Number of Holdings ^*

18

* may have additional holdings in another (foreign) market

Performance

Period	ETEC	CUT
30 Days	-9.76%	-3.27%
60 Days	0.57%	-0.87%
90 Days	5.79%	3.94%
12 Months	3.50%	18.36%

0 Overlapping Holdings

	Symbol	Grade	Weight in ETEC	Weight in CUT	Overlap

ETEC Overweight 11 Positions Relative to CUT

	Symbol	Grade	Weight
	BWA	D	6.07%
	OLED	F	5.69%
	TSLA	A	4.37%
	LI	C	3.94%
	FSLR	C	3.25%
	XPEV	B	3.24%
	ENPH	F	2.97%
	XYL	F	2.75%
	NIO	D	2.41%
	LCID	F	1.14%
	SEDG	F	0.9%

ETEC Underweight 18 Positions Relative to CUT

	Symbol	Grade	Weight
	PKG	A	-5.72%
	WY	D	-5.28%
	SW	A	-5.27%
	IP	A	-5.07%
	AMCR	D	-5.07%
	AVY	D	-4.77%
	GPK	D	-4.57%
	LPX	D	-3.31%
	WFG	C	-2.62%
	SEE	A	-2.62%
	SON	F	-2.59%
	RYN	C	-2.23%
	PCH	F	-1.67%
	SLVM	B	-1.51%
	PTVE	D	-0.26%
	CLW	F	-0.23%
	PACK	D	-0.13%
	MERC	D	-0.13%

ETEC: Top Represented Industries & Keywords

Industries: Auto Manufacturers Semiconductor Equipment & Materials Solar Auto Parts Diversified Industrials

Keywords: Electric Vehicle S&P 500 Transport Cars Motor Vehicles Nasdaq 100 Photovoltaic System Photovoltaics Automotive Manufacturers Electromagnetism Inverter Systems Inverters Power Systems Powertrain Renewable Energy Solar Panel Solar Power Solar Power Systems Sport Utility Vehicle Actuator

CUT: Top Represented Industries & Keywords

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

Keywords: Containers Packaging Materials Paper S&P 500 Packaging And Labeling Packaging Solutions Paperboard Pulp Pulp And Paper Industry Wood Products Packaging Packaging Products Paper Products Printing Timberland Beverage Cellulose Corrugated Fiberboard Lumber Papermaking