KRBN vs. MSTB ETF Comparison

Comparison of KFA Global Carbon ETF (KRBN) to LHA Market State Tactical Beta ETF (MSTB)

KRBN

KFA Global Carbon ETF

KRBN Description

The KFA Global Carbon ETF (the “Fund”) seeks to provide a total return that, before fees and expenses, exceeds that of the IHS Markit Global Carbon Index (the ‘‘Index’’) over a complete market cycle. KRBN is benchmarked to IHS Markit’s Global Carbon Index, which offers broad coverage of cap-and-trade carbon allowances by tracking the most traded carbon credit futures contracts. The index introduces a new measure for hedging risk and going long the price of carbon while supporting responsible investing. Currently, the index covers the major European and North American cap-and-trade programs: European Union Allowances (EUA), California Carbon Allowances (CCA) and the Regional Greenhouse Gas Initiative (RGGI).

Grade (RS Rating)

Last Trade

$30.83

Average Daily Volume

52,074

Number of Holdings ^*

* may have additional holdings in another (foreign) market

MSTB

LHA Market State Tactical Beta ETF

MSTB Description

The investment seeks to provide returns that outperform the large-capitalization U.S. equity market on a risk-adjusted basis. The fund seeks to achieve its objective by estimating the direction and magnitude of S&P 500 Index volatility based on the movement of the CBOE Volatility Index® (the VIX® Index). Under normal market conditions, its baseline exposure each day to the S&P 500 Index is approximately 90%, which the fund's portfolio managers then adjust based on a quantitative model and analysis of the movement of the VIX Index. Its exposure may be significantly greater or less than 90% at any given time. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$33.69

Average Daily Volume

9,113

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	KRBN	MSTB
30 Days	-6.94%	-0.16%
60 Days	-5.75%	3.75%
90 Days	-8.30%	2.25%
12 Months	-13.71%	30.13%

0 Overlapping Holdings

	Symbol	Grade	Weight in KRBN	Weight in MSTB	Overlap

KRBN Overweight 1 Positions Relative to MSTB

	Symbol	Grade	Weight
	KCSH	D	35.75%

KRBN Underweight 1 Positions Relative to MSTB

	Symbol	Grade	Weight
	VIXY	D	-6.17%

KRBN: Top Represented Industries & Keywords

Industries:

Keywords: Asset Index Fund Investment Management Structured Finance

MSTB: Top Represented Industries & Keywords

Industries:

Keywords: Asset Bank Deposits Cash And Cash Equivalents Chicago Board Options Exchange Money Market Repurchase Agreement Technical Analysis U.S. Treasury VIX