CUT vs. LSEQ ETF Comparison

Comparison of Invesco MSCI Global Timber ETF (CUT) to Harbor Long-Short Equity ETF (LSEQ)

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

$33.57

Average Daily Volume

2,846

Number of Holdings ^*

19

* may have additional holdings in another (foreign) market

LSEQ

Harbor Long-Short Equity ETF

LSEQ Description

Under normal market circumstances, the fund invests at least 80% of its net assets, plus borrowings for investment purposes, in long and short positions in equity securities. The fund advisor seeks to achieve the fund's investment objective by establishing long and/or short positions in equity securities.

Grade (RS Rating)

Last Trade

$26.64

Average Daily Volume

4,840

Number of Holdings ^*

10

* may have additional holdings in another (foreign) market

Performance

Period	CUT	LSEQ
30 Days	3.91%	-4.52%
60 Days	-1.81%	-1.70%
90 Days	1.19%	1.66%
12 Months	11.23%

1 Overlapping Holdings

	Symbol	Grade	Weight in CUT	Weight in LSEQ	Overlap
	AMCR	A	5.26%	2.12%	2.12%

CUT Overweight 18 Positions Relative to LSEQ

	Symbol	Grade	Weight
	SW	F	9.96%
	IP	A	5.74%
	PKG	A	5.61%
	WY	B	5.14%
	AVY	D	4.77%
	GPK	B	3.87%
	LPX	B	2.9%
	SEE	B	2.46%
	SON	D	2.31%
	WFG	B	2.23%
	RYN	B	1.88%
	PCH	C	1.51%
	SLVM	B	1.23%
	PIN	A	1.1%
	CLW	B	0.45%
	PTVE	D	0.28%
	MERC	F	0.16%
	PACK	B	0.15%

CUT Underweight 9 Positions Relative to LSEQ

	Symbol	Grade	Weight
	LYFT	F	-2.65%
	PARA	D	-2.6%
	AAL	F	-2.56%
	MP	F	-2.54%
	MTCH	B	-2.31%
	APA	C	-2.26%
	MRO	D	-2.18%
	TXG	F	-2.15%
	LLY	D	-2.13%

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

LSEQ: Top Represented Industries & Keywords

Industries: Oil & Gas E&P Airlines Drug Manufacturers - Major Entertainment Health Information Services Internet Content & Information Other Industrial Metals & Mining Packaging & Containers Software - Application

Keywords: S&P 500 Natural Gas Petroleum Industry Airline Industry Alzheimer's Disease Amyloid Animal Health Animal Health Products Antibiotics Asphalt Attention Deficit Hyperactivity Disorder Aviation Bacterial Infections Basic Cable Networks Benign Prostatic Hyperplasia Beverage Biological Systems Biotechnology Bipolar Depression Bipolar Disorder