KEM vs. GAA ETF Comparison

Comparison of KraneShares Dynamic Emerging Markets Strategy ETF (KEM) to Cambria Global Asset Allocation ETF (GAA)

KEM

KraneShares Dynamic Emerging Markets Strategy ETF

KEM Description

KEM's adaptive approach leverages two core components: the KraneShares MSCI Emerging Markets ex-China Index ETF (KEMX) and the KraneShares MSCI All China Index ETF (KALL). The fund's main objective is to mitigate downside risk while trying to outperform the broad emerging markets. On a quarterly basis, it evaluates fundamental, valuation, and technical metrics, such as price-to-book ratio, price-to-equity ratio, price-to-earnings ratio, dividend yield, and moving averages. The result is a dynamically shifting portfolio, with the ability to adjust up to 30% of exposure between China and the rest of the emerging markets. To handle market ups and downs, the fund may hold up to 10% in cash and cash equivalents. The Fund may also enter lending transactions. When using a fund-of-funds wrapper, investors should take note of the total fees.

Grade (RS Rating)

Last Trade

$26.10

Average Daily Volume

371

Number of Holdings ^*

2

* may have additional holdings in another (foreign) market

GAA

Cambria Global Asset Allocation ETF

GAA Description

The investment seeks to track the performance, before fees and expenses, of the Cambria Global Asset Allocation Index. Under normal market conditions, the fund invests at least 80% of its total assets in the components of the underlying index or in depositary receipts representing components of the underlying index. The underlying index is designed to provide diversified exposure, including inverse exposure, to all of the major world asset classes in the various regions, countries and sectors around the globe.

Grade (RS Rating)

Last Trade

$29.08

Average Daily Volume

5,765

Number of Holdings ^*

19

* may have additional holdings in another (foreign) market

Performance

Period	KEM	GAA
30 Days	0.85%	1.61%
60 Days	1.49%	1.47%
90 Days	0.53%	2.79%
12 Months		9.95%

0 Overlapping Holdings

	Symbol	Grade	Weight in KEM	Weight in GAA	Overlap

KEM Overweight 2 Positions Relative to GAA

	Symbol	Grade	Weight
	KALL	D	55.01%
	KEMX	B	44.03%

KEM Underweight 19 Positions Relative to GAA

	Symbol	Grade	Weight
	EYLD	D	-9.78%
	PDBC	F	-5.89%
	GVAL	D	-5.71%
	QMOM	B	-4.75%
	FYLD	B	-4.69%
	VAMO	A	-4.46%
	SYLD	A	-4.13%
	HYEM	A	-3.97%
	BAR	A	-3.81%
	VCIT	A	-2.95%
	JPMB	A	-2.95%
	SCHP	A	-2.64%
	WIP	B	-2.35%
	IMOM	C	-1.99%
	IHY	A	-1.97%
	VGIT	A	-1.93%
	VGLT	B	-1.86%
	GDX	B	-1.1%
	BOXX	A	-0.97%

KEM: Top Represented Industries & Keywords

Industries:

Keywords: ETF Exchange Traded Fund Stock Market Index American Depositary Receipt Depositary Receipt Emerging Market Msci China A Inclusion Nr Rt Usd Msci Hong Kong Index

GAA: Top Represented Industries & Keywords

Industries:

Keywords: Exchange Traded Fund ETF Bond Bond Market Indices Index Fund Merrill Lynch Bloomberg Barclays Us Aggregate Bond Index Fixed Income Inflation Shareholder Yield Stock Fund U.S. Treasury Corporate Bond Debt Securities Dividend Government Bond High Yield Debt Investment Management Stock Market Index U.S. Government