CUT vs. INFL ETF Comparison

Comparison of Invesco MSCI Global Timber ETF (CUT) to Horizon Kinetics Inflation Beneficiaries ETF (INFL)

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

$34.15

Average Daily Volume

2,901

Number of Holdings ^*

* may have additional holdings in another (foreign) market

INFL

Horizon Kinetics Inflation Beneficiaries ETF

INFL Description

The investment seeks long-term growth of capital in real (inflation-adjusted) terms. The fund is an actively-managed ETF that seeks to achieve its investment objective by investing primarily in the equity securities of domestic and foreign companies that are expected to benefit, either directly or indirectly, from rising prices (inflation). The fund's investments in equity securities are generally expected to include common stock, ownership units of publicly traded MLPs, and units of royalty trusts. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$41.75

Average Daily Volume

169,632

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	CUT	INFL
30 Days	0.31%	4.14%
60 Days	-1.86%	10.90%
90 Days	-0.90%	12.31%
12 Months	14.08%	36.40%

1 Overlapping Holdings

	Symbol	Grade	Weight in CUT	Weight in INFL	Overlap
	WFG	C	2.59%	2.15%	2.15%

CUT Overweight 17 Positions Relative to INFL

Symbol	Grade	Weight
IP	A	6.03%
PKG	A	6.01%
SW	A	5.88%
WY	F	5.15%
AMCR	C	4.74%
AVY	F	4.73%
GPK	C	4.39%
LPX	B	3.65%
SEE	C	2.61%
SON	F	2.49%
RYN	D	2.12%
PCH	F	1.68%
SLVM	B	1.48%
PTVE	B	0.28%
CLW	F	0.21%
PACK	B	0.15%
MERC	F	0.13%

CUT Underweight 15 Positions Relative to INFL

Symbol	Grade	Weight
TPL	A	-9.35%
ICE	C	-4.32%
CACI	D	-3.57%
LNG	A	-3.06%
MMC	B	-2.82%
ADM	D	-2.34%
BG	D	-2.21%
DBRG	F	-1.7%
JOE	F	-1.19%
MSB	A	-0.98%
PBT	B	-0.94%
RPRX	D	-0.73%
DMLP	A	-0.54%
SBR	B	-0.49%
SJT	C	-0.41%

CUT: Top Represented Industries & Keywords

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