FOVL vs. MVFD ETF Comparison

Comparison of iShares Focused Value Factor ETF (FOVL) to Monarch Volume Factor Dividend Tree Index ETF (MVFD)

FOVL

iShares Focused Value Factor ETF

FOVL Description

The investment seeks to track the to track the investment results of the Focused Value Select Index, which is an objective, rules-based, equal-weighted equity index provided by FTSE Russell. The underlying index measures the performance of large- and mid-capitalization U.S. companies with prominent value factor characteristics, as determined by Russell. 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. It is non-diversified.

Grade (RS Rating)

Last Trade

$73.07

Average Daily Volume

2,243

Number of Holdings ^*

* may have additional holdings in another (foreign) market

MVFD

Monarch Volume Factor Dividend Tree Index ETF

MVFD Description

MVFD focuses on equities demonstrating strong cash flow and dividend potential, shifting towards fixed income ETFs linked to US Treasurys in unfavorable cash flow scenarios. The fund seeks to mirror the performance of its target index, comprised of 40 equally weighted stocks selected for their financial health and income-producing ability, alongside up to 5 fixed income ETFs. Driving its selection process is the proprietary Volume Factor methodology, which examines stocks by analyzing the dynamics between market volume and price. This analysis is facilitated by a distinctive volume-price confirmation indicator. Evaluating a broad pool of 3,000 U.S. stocks, the methodology generates a composite score to rank and ensure that only the top-performing equities under positive financial conditions are chosen. MVFDs strategy aims for adaptability, modifying its equity-to-fixed income ratio based on prevailing financial trends. Furthermore, the index undergoes quarterly reconstitution to realign with market changes, optimizing the funds portfolio composition accordingly.

Grade (RS Rating)

Last Trade

$27.56

Average Daily Volume

5,890

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	FOVL	MVFD
30 Days	4.21%	2.33%
60 Days	7.72%	4.31%
90 Days	14.00%	7.03%
12 Months	43.80%

3 Overlapping Holdings

Symbol	Grade	Weight in FOVL	Weight in MVFD	Overlap
ADM	D	2.04%	1.86%	1.86%
JHG	B	2.77%	2.92%	2.77%
VOYA	B	2.49%	3.0%	2.49%

FOVL Overweight 37 Positions Relative to MVFD

Symbol	Grade	Weight
FHN	B	3.03%
DFS	B	3.0%
MTB	A	2.84%
FHB	B	2.82%
FNB	B	2.81%
NTRS	A	2.81%
CMA	B	2.77%
BAC	A	2.74%
ALK	A	2.7%
PNC	B	2.7%
ETR	A	2.69%
RF	A	2.66%
WTM	A	2.65%
OZK	B	2.65%
USB	A	2.63%
FITB	B	2.61%
HPE	B	2.52%
CMCSA	B	2.5%
OGE	A	2.5%
AXS	A	2.49%
PNW	A	2.43%
EVRG	A	2.43%
PFG	C	2.4%
PRGO	C	2.38%
AVT	C	2.36%
MET	A	2.36%
D	C	2.34%
CNA	C	2.34%
MTG	C	2.31%
RNR	C	2.29%
UGI	C	2.25%
RPRX	D	2.18%
BG	D	2.14%
VZ	C	2.13%
CWEN	C	2.08%
CRI	F	1.91%
CNXC	F	1.88%

FOVL Underweight 36 Positions Relative to MVFD

Symbol	Grade	Weight
MO	A	-3.74%
FOX	A	-3.57%
TGNA	B	-3.47%
FOXA	B	-3.36%
HLNE	B	-3.3%
BKH	A	-3.08%
MATX	B	-2.88%
ADTN	B	-2.85%
ABM	B	-2.85%
QCOM	F	-2.71%
MLI	B	-2.7%
NYT	D	-2.62%
SR	A	-2.59%
EXPD	D	-2.47%
PM	A	-2.36%
LPX	B	-2.35%
RHI	C	-2.35%
WKC	C	-2.35%
MEI	F	-2.33%
SEM	B	-2.31%
AFL	C	-2.27%
CCK	D	-2.23%
GILD	B	-2.18%
CHRD	F	-2.17%
NTAP	C	-2.14%
CL	D	-2.13%
SSNC	C	-2.12%
AMKR	F	-2.08%
CME	A	-2.07%
WD	D	-2.05%
NRG	B	-2.04%
ALLY	C	-2.04%
TTC	F	-1.93%
EXPI	C	-1.9%
KBH	D	-1.87%
BCO	F	-1.7%