KRBN vs. RLY ETF Comparison

Comparison of KFA Global Carbon ETF (KRBN) to SPDR SSgA Multi Asset Real Return ETF (RLY)

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

$32.43

Average Daily Volume

109,569

Number of Holdings ^*

* may have additional holdings in another (foreign) market

RLY

SPDR SSgA Multi Asset Real Return ETF

RLY Description

The investment seeks to achieve real return consisting of capital appreciation and current income. The fund invests substantially all of its assets in the SSgA Multi-Asset Real Return Portfolio, a separate series of the SSgA Master Trust with an identical investment objective as the fund. As a result, the fund invests indirectly through the Portfolio. The Portfolio's allocation among those asset classes will be in proportions consistent with the Adviser's evaluation of the expected returns and risks of each asset class as well as the allocation that, in the Adviser's view, will best meet the Portfolio's investment objective.

Grade (RS Rating)

Last Trade

$28.21

Average Daily Volume

109,989

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	KRBN	RLY
30 Days	5.22%	2.43%
60 Days	13.47%	6.49%
90 Days	3.02%	5.97%
12 Months	-15.55%	6.66%

0 Overlapping Holdings

	Symbol	Grade	Weight in KRBN	Weight in RLY	Overlap

KRBN Overweight 1 Positions Relative to RLY

	Symbol	Grade	Weight
	SCHO	B	1.77%

KRBN Underweight 10 Positions Relative to RLY

Symbol	Grade	Weight
GNR	A	-28.18%
GII	A	-22.98%
PDBC	A	-17.4%
TIPX	C	-8.41%
BIL	A	-4.6%
WIP	D	-4.46%
GLDM	A	-3.22%
RWX	D	-0.49%
RWR	D	-0.48%
MOO	F	-0.24%

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

RLY: Top Represented Industries & Keywords

Industries: