ARP vs. TBFC ETF Comparison

Comparison of PMV Adaptive Risk Parity ETF (ARP) to The Brinsmere Fund Conservative ETF (TBFC)

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 ^*

5

* may have additional holdings in another (foreign) market

TBFC

The Brinsmere Fund Conservative ETF

TBFC Description

TBFC is designed to deliver multi-asset exposure while seeking long-term capital appreciation with capital preservation. It holds funds that represent the broad equity and bond markets as selected based on a set of risk-management techniques of two independent proprietary strategies. The Systematic Market Beta Strategy (SMB) and the Classic Asset Allocation Revisited Strategy (CAAR) are rules-based, tactical asset allocation investment strategies used to systematically rebalance the funds holdings. The former aims to reduce risk and enhance performance based on market risk assessments, while the latter seeks tactical adaptation to changing market conditions using mean-variance optimization. The fund employs a conservative model of CAAR with a 20% equity floor target and a 40% equity cap. Both strategies are re-evaluated and rebalanced monthly. TBGC launched alongside its sister fund, TBFG, which seeks a growth-focused portfolio.

Grade (RS Rating)

Last Trade

$26.94

Average Daily Volume

1,056

Number of Holdings ^*

9

* may have additional holdings in another (foreign) market

Performance

Period	ARP	TBFC
30 Days	0.35%	0.13%
60 Days	0.43%	-0.13%
90 Days	1.64%	2.26%
12 Months	16.98%

2 Overlapping Holdings

	Symbol	Grade	Weight in ARP	Weight in TBFC	Overlap
	PDBC	D	1.46%	0.25%	0.25%
	SHV	A	20.23%	4.38%	4.38%

ARP Overweight 3 Positions Relative to TBFC

	Symbol	Grade	Weight
	PHYS	C	18.55%
	QQQ	B	5.27%
	USDU	A	3.11%

ARP Underweight 7 Positions Relative to TBFC

	Symbol	Grade	Weight
	RSP	A	-10.34%
	VCIT	D	-5.6%
	EMXC	D	-3.02%
	IWP	A	-2.23%
	MGK	B	-1.54%
	XLRE	C	-1.43%
	BCI	C	-1.24%

ARP: Top Represented Industries & Keywords

Industries:

Keywords: ETF Exchange Traded Fund Exchange Traded Funds Exchange Traded Products Bear Market ETF Bloomberg Barclays Us Aggregate Bond Index Bond Bond Fund Bond Market Bullion Commodity Commodity Markets Commodity Trading Advisor Government Bonds Index Fund Inverse ETF Invesco Powershares Managed Futures Account Mutual Fund Mutual Fund Trust

TBFC: Top Represented Industries & Keywords

Industries:

Keywords: ETF Exchange Traded Fund Stock Market Index Bloomberg Barclays Us Aggregate Bond Index Bond Capitalization Weighted Index Commodity Markets Bear Market ETF Bloomberg Commodity Index Bond Fund Bond Market Bond Market Indices Commodity Commodity Price Index Commodity Price Indices Commodity Trading Advisor Corporate Bond Economic Geography Emerging Market Exchange Traded Funds