CEFS vs. MVFD ETF Comparison

Comparison of Exchange Listed Funds Trust ETF (CEFS) to Monarch Volume Factor Dividend Tree Index ETF (MVFD)

CEFS

Exchange Listed Funds Trust ETF

CEFS Description

The investment seeks to provide capital appreciation and dividend income. The fund is an actively managed exchange-traded fund ("ETF") that seeks to achieve its investment objective by normally investing at least 80% of its net assets, plus the amount of any borrowings for investment purposes, in securities issued by closed-end funds (the "underlying funds"). The advisor expects to invest in underlying funds operated by a diversified group of closed-end fund managers ("underlying fund managers"). The fund normally invests in underlying funds that primarily pursue high yield opportunities.

Grade (RS Rating)

Last Trade

$21.89

Average Daily Volume

49,454

Number of Holdings ^*

105

* 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

$26.16

Average Daily Volume

4,197

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	CEFS	MVFD
30 Days	-2.15%	-0.83%
60 Days	0.96%	0.27%
90 Days	3.39%	5.71%
12 Months	35.02%

0 Overlapping Holdings

	Symbol	Grade	Weight in CEFS	Weight in MVFD	Overlap

CEFS Overweight 105 Positions Relative to MVFD

Symbol	Grade	Weight
BIGZ	A	12.12%
ASA	B	8.22%
BCAT	C	5.82%
ADX	A	5.52%
BFZ	D	5.03%
ASGI	A	4.03%
ENX	D	3.8%
PDX	C	3.35%
NQP	D	3.12%
GDV	C	3.0%
NXJ	D	3.0%
HQL	D	2.89%
EVM	D	2.23%
BSTZ	A	2.22%
BMEZ	A	2.16%
HQH	D	2.13%
GRX	D	1.86%
AFB	D	1.8%
VTN	C	1.76%
MHI	C	1.68%
TEAF	B	1.66%
LGI	D	1.56%
EDD	D	1.35%
VPV	C	1.25%
NFJ	D	1.2%
ECF	A	1.16%
FMN	D	1.1%
KSM	B	1.09%
NTG	A	1.07%
EMO	B	1.04%
LEO	D	1.03%
AOD	C	1.02%
VGM	C	1.0%
PGZ	D	0.85%
JRI	B	0.84%
MAV	D	0.84%
NPFD	A	0.83%
NBH	D	0.76%
DMF	C	0.66%
IHD	C	0.65%
CEV	D	0.64%
GAM	C	0.58%
DSM	D	0.56%
CXE	D	0.47%
HYB	C	0.46%
VKQ	C	0.41%
BOE	B	0.39%
VCV	D	0.39%
IDE	A	0.32%
NDP	B	0.32%
DMB	D	0.3%
PCK	D	0.26%
VMO	C	0.23%
TWN	B	0.22%
PEO	B	0.22%
CPZ	A	0.22%
RA	A	0.21%
EOD	D	0.19%
GNT	C	0.18%
TTP	A	0.15%
FGB	A	0.13%
AGD	C	0.13%
MPA	D	0.11%
CMU	C	0.1%
CXH	B	0.09%
ERH	C	0.09%
MFD	C	0.08%
TYG	B	0.06%
GLO	C	0.05%
NML	B	0.05%
HEQ	C	0.03%
PNI	D	0.03%
IGA	B	0.03%
GLV	C	0.03%
MFM	C	0.02%
MUJ	D	0.02%
DIAX	B	0.02%
KYN	B	0.02%
SBI	C	0.02%
GLQ	C	0.01%
MVT	D	0.01%
GF	C	0.01%
MUC	D	0.01%
BTT	C	0.01%
MYN	D	0.01%
NAC	D	0.01%
MXE	F	0.01%
BCV	B	0.01%
PFO	C	0.01%
ETW	A	0.0%
NAN	C	0.0%
NMT	A	0.0%
MUE	C	0.0%
MIY	C	0.0%
BNY	D	0.0%
BHV	D	0.0%
NOM	D	0.0%
RMT	D	0.0%
VFL	D	0.0%
IIF	C	0.0%
NAZ	C	0.0%
BGY	D	0.0%
SWZ	D	0.0%
MHN	D	0.0%
PYN	D	0.0%

CEFS Underweight 39 Positions Relative to MVFD

Symbol	Grade	Weight
MO	A	-3.42%
FOX	A	-3.32%
TGNA	B	-3.3%
FOXA	A	-3.2%
HLNE	A	-3.18%
ADTN	B	-3.08%
VOYA	B	-3.05%
BKH	D	-3.04%
QCOM	D	-2.91%
NYT	A	-2.86%
ABM	B	-2.85%
JHG	A	-2.69%
MATX	A	-2.58%
EXPD	D	-2.55%
SR	D	-2.55%
MLI	A	-2.54%
AMKR	F	-2.53%
CCK	B	-2.42%
PM	A	-2.41%
MEI	F	-2.41%
WKC	D	-2.32%
AFL	D	-2.31%
GILD	A	-2.27%
RHI	C	-2.25%
WD	C	-2.24%
CL	F	-2.23%
NTAP	D	-2.22%
CHRD	F	-2.22%
CME	B	-2.14%
LPX	D	-2.13%
SSNC	D	-2.09%
SEM	B	-2.08%
ADM	F	-2.07%
ALLY	F	-2.04%
EXPI	B	-2.02%
TTC	F	-1.99%
NRG	B	-1.98%
KBH	D	-1.96%
BCO	D	-1.96%

CEFS: Top Represented Industries & Keywords

Industries: Asset Management Other