MVFD vs. SPRX ETF Comparison

Comparison of Monarch Volume Factor Dividend Tree Index ETF (MVFD) to Spear Alpha ETF (SPRX)

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

SPRX

Spear Alpha ETF

SPRX Description

SPRX invests in companies that are poised to benefit from breakthrough trends in industrial technology. The fund’s objective is to find underappreciated opportunities across different industrial supply chains that are beneficiaries of the secular themes discussed below: Environmental Focus and Decarbonization Manufacturing Digitalization Automation & Robotics Photonics and Additive Manufacturing Space Exploration Artificial Intelligence (AI) SPRX is an actively managed ETF that seeks long-term capital growth by investing in US listed securities (including American depositary receipts "ADRs") of industrial and technology companies relevant to the Fund’s investment themes and the ecosystem around them. SPRX invests in both “growth”, defined as companies with high and underappreciated growth prospects, and “value”, defined as opportunities that are undervalued based on an assessment of the underlying fundamentals.

Grade (RS Rating)

Last Trade

$26.16

Average Daily Volume

21,609

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	MVFD	SPRX
30 Days	3.81%	8.37%
60 Days	6.09%	15.70%
90 Days	7.28%	14.48%
12 Months		40.78%

2 Overlapping Holdings

	Symbol	Grade	Weight in MVFD	Weight in SPRX	Overlap
	AMKR	D	2.08%	1.75%	1.75%
	NRG	B	2.04%	0.76%	0.76%

MVFD Overweight 37 Positions Relative to SPRX

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%
WKC	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%
CME	B	2.07%
WD	D	2.05%
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 26 Positions Relative to SPRX

Symbol	Grade	Weight
NVDA	B	-13.96%
S	B	-9.02%
MRVL	B	-7.22%
TSLA	B	-7.18%
ZS	B	-6.18%
TER	F	-4.99%
DDOG	A	-4.94%
NET	B	-4.79%
CEG	C	-4.65%
CRDO	B	-3.42%
ANET	C	-3.39%
AMD	F	-3.34%
ON	D	-2.97%
WOLF	F	-2.83%
SHOP	B	-2.72%
CFLT	B	-2.42%
GTLB	B	-2.12%
COHR	B	-1.96%
APH	A	-1.38%
GEV	B	-1.13%
CRWD	B	-1.08%
SNOW	B	-0.97%
MU	D	-0.43%
PANW	B	-0.2%
RIO	D	-0.0%
ROK	C	-0.0%