ARP vs. MDIV ETF Comparison

Comparison of PMV Adaptive Risk Parity ETF (ARP) to Multi-Asset Diversified Income Index Fund (MDIV)

ARP

PMV Adaptive Risk Parity ETF

ARP Description

The PMV Adaptive Risk Parity ETF (the “Fund”) is an actively managed fund that seeks to generate capital appreciation, with lower volatility and reduced correlation to the overall equity market, by taking advantage of broad asset class trends throughout the market cycle.

Grade (RS Rating)

Last Trade

$28.87

Average Daily Volume

3,265

Number of Holdings ^*

* may have additional holdings in another (foreign) market

MDIV

Multi-Asset Diversified Income Index Fund

MDIV Description

The investment seeks investment results that correspond generally to the price and yield (before the fund's fees and expenses) of an index called the NASDAQ Multi-Asset Diversified Income Index. The index is designed to provide access to a diversified portfolio of small, mid and large capitalization income producing securities, which are composed of domestic and international dividend-paying stocks, REITs, oil and gas or basic materials MLPs, U.S.-listed preferred securities and an index-based ETF that invests in high yield or "junk" bonds.

Grade (RS Rating)

Last Trade

$16.76

Average Daily Volume

87,595

Number of Holdings ^*

103

* may have additional holdings in another (foreign) market

Performance

Period	ARP	MDIV
30 Days	0.35%	1.81%
60 Days	0.43%	1.08%
90 Days	1.64%	3.36%
12 Months	16.98%	18.42%

0 Overlapping Holdings

	Symbol	Grade	Weight in ARP	Weight in MDIV	Overlap

ARP Overweight 5 Positions Relative to MDIV

Symbol	Grade	Weight
SHV	A	20.23%
PHYS	C	18.55%
QQQ	B	5.27%
USDU	A	3.11%
PDBC	D	1.46%

ARP Underweight 103 Positions Relative to MDIV

Symbol	Grade	Weight
HYLS	C	-20.0%
IEP	F	-1.51%
PMT	D	-1.47%
ARLP	A	-1.41%
DMLP	A	-1.3%
BSM	B	-1.28%
KRP	B	-1.27%
DKL	C	-1.2%
CAPL	D	-1.17%
USAC	B	-1.16%
AGNCN	B	-1.09%
APLE	B	-1.05%
LADR	B	-1.03%
EPR	D	-0.99%
GLP	A	-0.96%
MPLX	A	-0.95%
LTC	B	-0.94%
CQP	B	-0.92%
ET	A	-0.91%
NRP	B	-0.89%
WES	C	-0.86%
GTY	B	-0.84%
HST	C	-0.83%
EPD	A	-0.82%
FITBI	C	-0.79%
GLPI	C	-0.79%
CHSCO	C	-0.78%
SPG	B	-0.77%
CHSCL	C	-0.76%
SUN	B	-0.74%
AAT	B	-0.72%
CHSCN	D	-0.72%
RZC	C	-0.72%
PAA	B	-0.71%
VICI	C	-0.71%
IIPR	D	-0.71%
FCPT	C	-0.71%
CHSCM	D	-0.69%
PAGP	A	-0.67%
NHI	D	-0.65%
WU	D	-0.64%
NNN	D	-0.64%
BRX	A	-0.63%
ALEX	C	-0.62%
LAMR	D	-0.61%
VZ	C	-0.6%
CTRE	D	-0.6%
T	A	-0.6%
CDP	C	-0.58%
REG	B	-0.57%
MAA	B	-0.57%
PSA	D	-0.56%
CUBE	D	-0.56%
BMY	B	-0.55%
CHRD	D	-0.54%
ENLC	A	-0.51%
OKE	A	-0.51%
FANG	D	-0.47%
TROW	B	-0.46%
DTM	B	-0.45%
NWE	B	-0.45%
GILD	C	-0.44%
EVRG	A	-0.44%
GEL	D	-0.44%
ETR	B	-0.44%
BKH	A	-0.43%
AVA	A	-0.43%
HMN	B	-0.42%
PINC	B	-0.42%
SR	A	-0.42%
LYB	F	-0.41%
CVX	A	-0.41%
PRU	A	-0.4%
PNM	F	-0.39%
XEL	A	-0.39%
VTRS	A	-0.39%
EXC	C	-0.38%
CAG	D	-0.38%
OGS	A	-0.38%
KHC	F	-0.38%
ES	D	-0.37%
FLO	D	-0.37%
WEC	A	-0.37%
DVN	F	-0.36%
POR	C	-0.36%
PNC	B	-0.36%
MSM	C	-0.36%
DRI	B	-0.36%
FE	C	-0.35%
IBM	C	-0.34%
IPG	D	-0.34%
EIX	B	-0.34%
DUK	C	-0.34%
NJR	A	-0.34%
SJM	D	-0.33%
FAF	A	-0.33%
SON	D	-0.32%
NFG	A	-0.32%
KMB	D	-0.31%
MDT	D	-0.31%
AEP	D	-0.31%
GIS	D	-0.3%
NMM	D	-0.05%

ARP: Top Represented Industries & Keywords

Industries: