MDPL vs. COWS ETF Comparison

Comparison of Monarch Dividend Plus Index ETF (MDPL) to Amplify Cash Flow Dividend Leaders ETF (COWS)

MDPL

Monarch Dividend Plus Index ETF

MDPL Description

MPDL tracks an equal-weighted index of 30 dividend-paying US stocks that are expected to provide dividend income and capital appreciation.

Grade (RS Rating)

Last Trade

$26.17

Average Daily Volume

5,385

Number of Holdings ^*

* may have additional holdings in another (foreign) market

COWS

Amplify Cash Flow Dividend Leaders ETF

COWS Description

COWS is an index tracking fund utilizing a replication strategy. The index strategy aims to invest in US stocks of companies perceived to be stable and pay dividends. The starting investment universe considers the 1000 most liquid US-listed companies, excluding the financial sector. Filtering this universe, the 100 highest ranked free cash flow yielding stocks, as measured by equally weighting the stocks average trailing and forward cash flow yield. Companies with no forward estimates for free cash flow yields or earnings are removed. The investment universe is then filtered to identify dividend paying stocks with three years of uninterrupted dividend growth. Stocks with a payout ratio greater than 75% are eliminated. The top 10% of dividend yielding stocks are selected for the index. This process results in 40-100 stocks being selected and initially equally weighted in the index. Industry exposure is capped at 24%. Index holdings are reconstituted and rebalanced on a quarterly basis.

Grade (RS Rating)

Last Trade

$29.24

Average Daily Volume

7,015

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	MDPL	COWS
30 Days	-1.44%	-1.62%
60 Days	-1.10%	-0.72%
90 Days	1.97%	4.59%
12 Months		23.96%

6 Overlapping Holdings

Symbol	Grade	Weight in MDPL	Weight in COWS	Overlap
ALSN	A	3.35%	1.93%	1.93%
BC	C	3.27%	2.54%	2.54%
CMCSA	A	3.41%	2.58%	2.58%
G	C	3.33%	2.35%	2.35%
NXST	A	3.38%	2.09%	2.09%
OC	B	3.43%	2.68%	2.68%

MDPL Overweight 24 Positions Relative to COWS

Symbol	Grade	Weight
RGLD	B	3.59%
MKTX	B	3.53%
GPK	D	3.49%
TAP	D	3.48%
KR	A	3.46%
CABO	C	3.43%
JNJ	D	3.42%
STLD	A	3.39%
CAG	D	3.38%
SJM	F	3.38%
WTW	A	3.38%
SSNC	D	3.36%
EQT	C	3.34%
AMCR	D	3.34%
CTSH	D	3.33%
DG	F	3.33%
SON	F	3.31%
MCHP	F	3.29%
MRK	F	3.26%
FANG	F	3.13%
OVV	F	3.12%
CI	D	3.07%
CVS	F	2.84%
ELV	F	2.82%

MDPL Underweight 47 Positions Relative to COWS

Symbol	Grade	Weight
VST	B	-3.66%
SNA	A	-2.85%
TKR	C	-2.52%
CF	B	-2.49%
FNF	C	-2.47%
EBAY	D	-2.44%
SLB	F	-2.4%
MRO	C	-2.38%
HAL	F	-2.34%
WSM	F	-2.33%
FDX	C	-2.27%
TPR	A	-2.19%
SWKS	F	-2.09%
SM	F	-2.06%
PARA	C	-2.02%
BMY	A	-1.96%
PVH	C	-1.96%
PTEN	F	-1.9%
BEN	B	-1.83%
VLO	F	-1.83%
ASO	F	-1.77%
MUR	F	-1.75%
NOV	F	-1.74%
MGY	C	-1.71%
GAP	D	-1.68%
BBWI	F	-1.67%
T	A	-1.66%
PR	F	-1.65%
OGN	D	-1.56%
MTDR	D	-1.56%
DVN	F	-1.53%
AEO	F	-1.51%
OLN	F	-1.46%
BWA	D	-1.38%
TMUS	B	-1.38%
LEA	F	-1.38%
AYI	A	-1.34%
VNT	B	-1.33%
CSCO	B	-1.32%
IPG	F	-1.32%
DNB	B	-1.31%
RL	B	-1.29%
OSK	C	-1.28%
MCK	C	-1.24%
SAIC	A	-1.23%
INGR	C	-1.17%
ENS	F	-1.17%