MVFD vs. GPOW ETF Comparison

Comparison of Monarch Volume Factor Dividend Tree Index ETF (MVFD) to Goldman Sachs North American Pipelines & Power Equity ETF (GPOW)

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

$27.52

Average Daily Volume

6,200

Number of Holdings ^*

* may have additional holdings in another (foreign) market

GPOW

Goldman Sachs North American Pipelines & Power Equity ETF

GPOW Description

The fund seeks to achieve its investment objective by investing at least 80% of its assets in securities included in its underlying index. The index is designed to deliver exposure to equity securities of U.S. and Canadian listed companies, including companies structured as master limited partnerships, operating in the pipelines and power universe. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$56.62

Average Daily Volume

1,278

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	MVFD	GPOW
30 Days	3.81%	9.49%
60 Days	6.09%	13.60%
90 Days	7.28%	15.96%
12 Months		41.76%

1 Overlapping Holdings

	Symbol	Grade	Weight in MVFD	Weight in GPOW	Overlap
	WKC	C	2.35%	1.55%	1.55%

MVFD Overweight 38 Positions Relative to GPOW

Symbol	Grade	Weight
MO	A	3.74%
FOX	A	3.57%
TGNA	B	3.47%
FOXA	A	3.36%
HLNE	B	3.3%
BKH	A	3.08%
VOYA	B	3.0%
JHG	B	2.92%
MATX	C	2.88%
ADTN	A	2.85%
ABM	B	2.85%
QCOM	F	2.71%
MLI	B	2.7%
NYT	D	2.62%
SR	A	2.59%
EXPD	C	2.47%
PM	B	2.36%
LPX	B	2.35%
RHI	C	2.35%
MEI	F	2.33%
SEM	B	2.31%
AFL	B	2.27%
CCK	D	2.23%
GILD	C	2.18%
CHRD	D	2.17%
NTAP	C	2.14%
CL	D	2.13%
SSNC	B	2.12%
AMKR	D	2.08%
CME	B	2.07%
WD	D	2.05%
NRG	B	2.04%
ALLY	C	2.04%
TTC	C	1.93%
EXPI	D	1.9%
KBH	D	1.87%
ADM	D	1.86%
BCO	F	1.7%

MVFD Underweight 33 Positions Relative to GPOW

Symbol	Grade	Weight
TRGP	A	-9.24%
KMI	A	-6.63%
WMB	A	-6.31%
OKE	A	-5.87%
EPD	A	-5.51%
LNG	A	-5.3%
AM	A	-3.74%
HESM	B	-3.51%
PAGP	A	-3.24%
ET	A	-3.05%
DTM	A	-2.46%
ENLC	A	-2.33%
PAA	B	-1.78%
AES	F	-1.45%
CWEN	C	-1.35%
ORA	B	-1.34%
UGI	C	-1.22%
AY	A	-1.09%
MPLX	A	-0.77%
CQP	B	-0.69%
WES	C	-0.66%
NEP	F	-0.48%
NEXT	C	-0.46%
CLNE	F	-0.45%
SUN	B	-0.41%
NJR	A	-0.34%
NFE	D	-0.33%
DKL	C	-0.24%
KNTK	A	-0.22%
GLP	A	-0.17%
SPH	C	-0.14%
EE	A	-0.14%
NGL	D	-0.08%