KMLM vs. IYLD ETF Comparison

Comparison of KFA Mount Lucas Index Strategy ETF (KMLM) to iShares Morningstar Multi-Asset Income ETF (IYLD)

KMLM

KFA Mount Lucas Index Strategy ETF

KMLM Description

The investment seeks to provide a total return that, before fees and expenses, exceeds that of the KFA MLM Index over a complete market cycle. The fund seeks to achieve its goal by investing under normal circumstances in commodity, currency, and global fixed income futures contracts traded on U.S. and foreign exchanges that are the same as or similar to those included in the index and debt instruments. The index is a modified version of the MLM Index, which is an index constructed of a portfolio of commodity, currency, and global fixed income futures contracts traded on U.S. and foreign exchanges using a trend following methodology. It is non-diversified.

Grade (RS Rating)

Last Trade

$27.92

Average Daily Volume

84,366

Number of Holdings ^*

1

* may have additional holdings in another (foreign) market

IYLD

iShares Morningstar Multi-Asset Income ETF

IYLD Description

The investment seeks to track the investment results of the Morningstar® Multi-Asset High Income IndexSM. The fund generally will invest at least 90% of its assets in the component securities of the underlying index and may invest up to 10% of its assets in certain futures, options and swap contracts, cash and cash equivalents. The index is broadly diversified and seeks to deliver high current income while maintaining long-term capital appreciation. The fund is a fund-of-funds and invests primarily in the securities of the underlying funds that themselves seek investment results corresponding to their own underlying indexes.

Grade (RS Rating)

Last Trade

$20.53

Average Daily Volume

14,502

Number of Holdings ^*

11

* may have additional holdings in another (foreign) market

Performance

Period	KMLM	IYLD
30 Days	-5.39%	1.20%
60 Days	-4.02%	4.48%
90 Days	-5.26%	4.24%
12 Months	-12.20%	16.43%

0 Overlapping Holdings

	Symbol	Grade	Weight in KMLM	Weight in IYLD	Overlap

KMLM Overweight 1 Positions Relative to IYLD

	Symbol	Grade	Weight
	SCHO	B	51.37%

KMLM Underweight 11 Positions Relative to IYLD

	Symbol	Grade	Weight
	PFF	B	-15.3%
	USHY	B	-14.91%
	ISTB	B	-14.87%
	FLOT	A	-14.78%
	ILF	D	-10.52%
	EFV	C	-9.37%
	LEMB	C	-5.05%
	CEMB	B	-4.97%
	AGZ	B	-4.95%
	USRT	C	-3.3%
	REET	C	-1.73%

KMLM: Top Represented Industries & Keywords

Industries:

Keywords: Bear Market ETF Bloomberg Barclays Us Aggregate Bond Index Bond Bond Market Indices ETF Exchange Traded Fund Fixed Income Inverse ETF U.S. Treasury United States Treasury Security Yield

IYLD: Top Represented Industries & Keywords

Industries:

Keywords: Exchange Traded Fund ETF Bond Index Fund Bond Market Corporate Bond Bloomberg Barclays Us Aggregate Bond Index Exchange Traded Funds Real Estate Investment Trust U.S. Government Barclays U.S. Government Bond Market Indices Currency Debenture Debt EAFE Epra Index European Public Real Estate Association Futures Markets Investment Trust