INKM vs. MSSS ETF Comparison

Comparison of SPDR SSgA Income Allocation ETF (INKM) to Monarch Select Subsector Index ETF (MSSS)

INKM

SPDR SSgA Income Allocation ETF

INKM Description

The investment seeks to provide total return by focusing on investments in income and yield-generating assets. The fund invests substantially all of its assets in the SSgA Income Allocation 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. It invests the assets of the Portfolio among ETPs that provide exposure to four primary asset classes: (i) domestic and international equity securities; (ii) domestic and international investment grade and high yield debt securities; (iii) hybrid equity/debt securities; and (iv) REITs.

Grade (RS Rating)

Last Trade

$32.35

Average Daily Volume

19,198

Number of Holdings ^*

14

* may have additional holdings in another (foreign) market

MSSS

Monarch Select Subsector Index ETF

MSSS Description

MSSS is a fund-of-ETFs that provide exposure to companies considered part of economically advantageous US sectors and subsectors. The fund follows a proprietary rules-based methodology that selects sectors and subsectors based on the phase of the economic cycle. The methodology uses employment trends to determine the phase of the economic cycle. It then identifies the sectors and subsectors that have historically performed well during such cycle. The fund selects 10 US-listed ETFs that are expected to deliver the best risk-adjusted return for the identified phase. As the fund may hold subsector funds within the same sector, MSSS may have significant exposure in one or more sectors relative to others. The fund employs a replication indexing strategy in which it invests in securities in approximately the same proportions as the underlying index.

Grade (RS Rating)

Last Trade

$28.56

Average Daily Volume

7,491

Number of Holdings ^*

5

* may have additional holdings in another (foreign) market

Performance

Period	INKM	MSSS
30 Days	-0.98%	-2.41%
60 Days	-1.09%	-0.49%
90 Days	0.99%	3.49%
12 Months	14.38%

0 Overlapping Holdings

	Symbol	Grade	Weight in INKM	Weight in MSSS	Overlap

INKM Overweight 14 Positions Relative to MSSS

	Symbol	Grade	Weight
	SCHD	B	8.26%
	SPYD	A	8.06%
	GII	A	8.01%
	BIL	A	6.98%
	SRLN	A	6.02%
	PSK	D	5.97%
	EMHC	C	5.93%
	EBND	F	5.83%
	CWB	A	4.12%
	TIPX	C	2.98%
	IBND	F	2.94%
	RWR	C	2.05%
	REM	C	2.01%
	DWX	C	0.97%

INKM Underweight 5 Positions Relative to MSSS

	Symbol	Grade	Weight
	XAR	A	-10.41%
	KBWP	A	-10.38%
	KIE	A	-10.32%
	PBJ	C	-9.87%
	XLRE	C	-9.73%

INKM: Top Represented Industries & Keywords

Industries:

Keywords: ETF Exchange Traded Fund Index Fund Bond Real Estate Investment Trust Bond Market Indices Dividend Bond Market Dividend Yield Management Cybernetics Preferred Stock State Street Global Advisors Stock Fund Barclays Blackstone Bloomberg Barclays Us Aggregate Bond Index Bloomberg L.P. Bond Market Index Collateralized Debt Obligation Convertible Bond

MSSS: Top Represented Industries & Keywords

Industries:

Keywords: ETF Exchange Traded Fund Exchange Traded Funds Index Fund Invesco Powershares S&P Top 100 Loan Index Aerospace Agricultural Products Beverage Beverage Products Casualty Insurance Defense Industry Insurance Industry Inter 10 Index Kbw Kbw Bank Total Return Index Real Estate Investment Trust Real Estate Management Real Estate Sector S&P International Dividend Opportunities Index (Total Return)