CVRD vs. MVFD ETF Comparison

Comparison of Madison Covered Call ETF (CVRD) to Monarch Volume Factor Dividend Tree Index ETF (MVFD)

CVRD

Madison Covered Call ETF

CVRD Description

The fund will seek to achieve its objectives by (1) investing in common stocks of equity securities that pay dividends and (2) writing (i.e., selling) covered call options on a substantial portion of its portfolio of securities. Under normal market conditions, the fund will invest at least 80% of its net assets (including any borrowings for investment purposes) in equity securities of companies, including other investment companies.

Grade (RS Rating)

Last Trade

$19.64

Average Daily Volume

6,647

Number of Holdings ^*

* 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

$27.79

Average Daily Volume

6,318

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	CVRD	MVFD
30 Days	0.70%	5.79%
60 Days	1.14%	6.41%
90 Days	2.31%	8.33%
12 Months	9.31%

2 Overlapping Holdings

	Symbol	Grade	Weight in CVRD	Weight in MVFD	Overlap
	ADM	D	1.98%	1.86%	1.86%
	CME	A	3.69%	2.07%	2.07%

CVRD Overweight 40 Positions Relative to MVFD

Symbol	Grade	Weight
CSCO	B	3.92%
LVS	C	3.7%
GOOG	C	3.44%
ADBE	C	3.24%
V	A	3.17%
PYPL	B	3.02%
STZ	D	2.89%
MDT	D	2.82%
CMCSA	B	2.81%
TMUS	B	2.59%
ABT	B	2.55%
MSFT	F	2.49%
APD	A	2.37%
HON	B	2.35%
ACN	C	2.33%
AES	F	2.19%
A	D	2.18%
UPS	C	2.1%
AMZN	C	2.08%
EMR	A	2.04%
MCHP	D	2.04%
AMD	F	1.86%
TXN	C	1.77%
LH	C	1.72%
LOW	D	1.7%
AMT	D	1.67%
PEP	F	1.67%
MTDR	B	1.6%
APH	A	1.57%
HPE	B	1.54%
UNP	C	1.52%
JNJ	D	1.47%
GLW	B	1.43%
DHR	F	1.42%
COP	C	1.32%
FAST	B	1.26%
ROST	C	1.03%
RIG	D	0.83%
DLTR	F	0.8%
APA	D	0.66%

CVRD Underweight 37 Positions Relative to MVFD

Symbol	Grade	Weight
MO	A	-3.74%
FOX	A	-3.57%
TGNA	B	-3.47%
FOXA	B	-3.36%
HLNE	B	-3.3%
BKH	A	-3.08%
VOYA	B	-3.0%
JHG	A	-2.92%
MATX	C	-2.88%
ADTN	A	-2.85%
ABM	B	-2.85%
QCOM	F	-2.71%
MLI	C	-2.7%
NYT	C	-2.62%
SR	A	-2.59%
EXPD	D	-2.47%
PM	B	-2.36%
LPX	B	-2.35%
RHI	B	-2.35%
WKC	D	-2.35%
MEI	D	-2.33%
SEM	B	-2.31%
AFL	B	-2.27%
CCK	C	-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%
WD	D	-2.05%
NRG	B	-2.04%
ALLY	C	-2.04%
TTC	D	-1.93%
EXPI	C	-1.9%
KBH	D	-1.87%
BCO	D	-1.7%