CUT vs. NRES ETF Comparison

Comparison of Invesco MSCI Global Timber ETF (CUT) to Xtrackers RREEF Global Natural Resources ETF (NRES)

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

$34.74

Average Daily Volume

3,416

Number of Holdings ^*

18

* may have additional holdings in another (foreign) market

NRES

Xtrackers RREEF Global Natural Resources ETF

NRES Description

NRES is the first actively managed ETF by DWS. It aims for total return, focusing on the global natural resources sector, encompassing agriculture, energy, and metals industries. The funds strategic approach involves top-down and bottom-up research to allocate its investments, considering factors like supply/demand, ESG criteria, and market interrelations. Insight into commodity-price cycles, sector interdependencies and trends guide its decision-making process amid evolving market condition. This approach enhances the ability of NRES to harness investment prospects. Additionally, the fund may concentrate its investments in non-US issuers and diversify up to 20% of its assets into debt securities, short-term investments, and ETFs for liquidity purposes and enhanced risk management. By leveraging this flexibility, NRES seeks to deliver optimal returns while navigating the complexities of the natural resources space. The funds goal is to position itself to seize investment opportunities for long-term growth and value creation.

Grade (RS Rating)

Last Trade

$26.35

Average Daily Volume

364

Number of Holdings ^*

4

* may have additional holdings in another (foreign) market

Performance

Period	CUT	NRES
30 Days	4.74%	0.56%
60 Days	2.71%	-4.36%
90 Days	5.48%	0.60%
12 Months	16.27%

1 Overlapping Holdings

	Symbol	Grade	Weight in CUT	Weight in NRES	Overlap
	SW	B	5.1%	3.18%	3.18%

CUT Overweight 17 Positions Relative to NRES

	Symbol	Grade	Weight
	PKG	B	5.24%
	AVY	B	5.17%
	WY	C	5.16%
	AMCR	B	5.09%
	IP	B	5.0%
	GPK	A	4.5%
	LPX	B	3.07%
	SON	C	2.67%
	SEE	D	2.42%
	WFG	A	2.4%
	RYN	C	2.2%
	PCH	C	1.71%
	SLVM	B	1.3%
	PTVE	D	0.25%
	CLW	F	0.24%
	PACK	D	0.14%
	MERC	F	0.13%

CUT Underweight 3 Positions Relative to NRES

	Symbol	Grade	Weight
	XOM	D	-5.03%
	CTVA	B	-3.7%
	GOLD	B	-2.85%

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

NRES: Top Represented Industries & Keywords

Industries: Agricultural Inputs Gold Oil & Gas Integrated Packaging & Containers

Keywords: S&P 500 Abu Dhabi National Oil Company Agriculture Agronomy Commodity Petrochemicals Copper Corrugated Fiberboard Crops Crude Oil Energy Crops Exxon Exxonmobil Gold Insects Maize Mining Natural Gas Packaging Petrochemical Petroleum