KEM vs. CUT ETF Comparison

Comparison of KraneShares Dynamic Emerging Markets Strategy ETF (KEM) to Invesco MSCI Global Timber ETF (CUT)

KEM

KraneShares Dynamic Emerging Markets Strategy ETF

KEM Description

KEM's adaptive approach leverages two core components: the KraneShares MSCI Emerging Markets ex-China Index ETF (KEMX) and the KraneShares MSCI All China Index ETF (KALL). The fund's main objective is to mitigate downside risk while trying to outperform the broad emerging markets. On a quarterly basis, it evaluates fundamental, valuation, and technical metrics, such as price-to-book ratio, price-to-equity ratio, price-to-earnings ratio, dividend yield, and moving averages. The result is a dynamically shifting portfolio, with the ability to adjust up to 30% of exposure between China and the rest of the emerging markets. To handle market ups and downs, the fund may hold up to 10% in cash and cash equivalents. The Fund may also enter lending transactions. When using a fund-of-funds wrapper, investors should take note of the total fees.

Grade (RS Rating)

Last Trade

$26.00

Average Daily Volume

638

Number of Holdings ^*

* 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

$32.43

Average Daily Volume

1,829

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	KEM	CUT
30 Days	1.10%	-5.14%
60 Days	-0.50%	-2.24%
90 Days	3.31%	-3.59%
12 Months		11.92%

0 Overlapping Holdings

	Symbol	Grade	Weight in KEM	Weight in CUT	Overlap

KEM Overweight 2 Positions Relative to CUT

	Symbol	Grade	Weight
	KALL	D	57.0%
	KEMX	A	42.03%

KEM Underweight 19 Positions Relative to CUT

Symbol	Grade	Weight
IP	B	-5.84%
PKG	C	-5.41%
AVY	D	-5.15%
AMCR	D	-5.12%
WRK	D	-5.01%
WY	F	-4.71%
GPK	D	-3.86%
LPX	D	-2.52%
SEE	F	-2.39%
SON	F	-2.35%
WFG	D	-2.01%
RYN	D	-1.91%
PCH	F	-1.41%
SLVM	C	-1.13%
PIN	A	-1.08%
CLW	C	-0.4%
PTVE	D	-0.25%
MERC	F	-0.18%
PACK	D	-0.13%

KEM: Top Represented Industries & Keywords

Industries:

Keywords: ETF Exchange Traded Fund Stock Market Index American Depositary Receipt Depositary Receipt Emerging Market Msci China A Inclusion Nr Rt Usd Msci Hong Kong Index

CUT: Top Represented Industries & Keywords

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