KMLM vs. KRBN ETF Comparison

Comparison of KFA Mount Lucas Index Strategy ETF (KMLM) to KFA Global Carbon ETF (KRBN)

KMLM

KFA Mount Lucas Index Strategy ETF

KMLM Description

The investment seeks to provide a total return that, before fees and expenses, exceeds that of the KFA MLM Index over a complete market cycle. The fund seeks to achieve its goal by investing under normal circumstances in commodity, currency, and global fixed income futures contracts traded on U.S. and foreign exchanges that are the same as or similar to those included in the index and debt instruments. The index is a modified version of the MLM Index, which is an index constructed of a portfolio of commodity, currency, and global fixed income futures contracts traded on U.S. and foreign exchanges using a trend following methodology. It is non-diversified.

Grade (RS Rating)

Last Trade

$30.81

Average Daily Volume

91,054

Number of Holdings ^*

* may have additional holdings in another (foreign) market

KRBN

KFA Global Carbon ETF

KRBN Description

The KFA Global Carbon ETF (the “Fund”) seeks to provide a total return that, before fees and expenses, exceeds that of the IHS Markit Global Carbon Index (the ‘‘Index’’) over a complete market cycle. KRBN is benchmarked to IHS Markit’s Global Carbon Index, which offers broad coverage of cap-and-trade carbon allowances by tracking the most traded carbon credit futures contracts. The index introduces a new measure for hedging risk and going long the price of carbon while supporting responsible investing. Currently, the index covers the major European and North American cap-and-trade programs: European Union Allowances (EUA), California Carbon Allowances (CCA) and the Regional Greenhouse Gas Initiative (RGGI).

Grade (RS Rating)

Last Trade

$31.92

Average Daily Volume

109,441

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	KMLM	KRBN
30 Days	2.97%	1.30%
60 Days	4.87%	11.69%
90 Days	8.83%	1.01%
12 Months	1.38%	-16.94%

1 Overlapping Holdings

	Symbol	Grade	Weight in KMLM	Weight in KRBN	Overlap
	SCHO	B	51.37%	1.77%	1.77%

KMLM Overweight 0 Positions Relative to KRBN

	Symbol	Grade	Weight

KMLM Underweight 0 Positions Relative to KRBN

	Symbol	Grade	Weight

KMLM: Top Represented Industries & Keywords

Industries:

Keywords: Bear Market ETF Bloomberg Barclays Us Aggregate Bond Index Bond Bond Market Indices ETF Exchange Traded Fund Fixed Income Inverse ETF U.S. Treasury United States Treasury Security Yield

KRBN: Top Represented Industries & Keywords

Industries:

Keywords: Bear Market ETF Bloomberg Barclays Us Aggregate Bond Index Bond Bond Market Indices ETF Exchange Traded Fund Fixed Income Inverse ETF U.S. Treasury United States Treasury Security Yield