CZAR vs. MVFD ETF Comparison

Comparison of Themes Natural Monopoly ETF (CZAR) to Monarch Volume Factor Dividend Tree Index ETF (MVFD)

CZAR

Themes Natural Monopoly ETF

CZAR Description

The index is designed to provide exposure to companies in the large- and mid- capitalization segments that exhibit a strong competitive advantage in their respective sector. The fund will invest, under normal circumstances, at least 80% of its net assets, plus the amount of any borrowings for investment purposes, in securities that comprise the index and in American Depositary Receipts ("ADRs") and Global Depositary Receipts ("GDRs") based on the securities in the index. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$29.85

Average Daily Volume

322

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	CZAR	MVFD
30 Days	1.67%	5.79%
60 Days	1.36%	6.41%
90 Days	3.36%	8.33%
12 Months

1 Overlapping Holdings

	Symbol	Grade	Weight in CZAR	Weight in MVFD	Overlap
	GILD	C	2.49%	2.18%	2.18%

CZAR Overweight 44 Positions Relative to MVFD

Symbol	Grade	Weight
CSCO	B	3.99%
APO	B	3.87%
BLK	C	3.7%
META	D	3.57%
AXP	A	3.46%
FTV	C	3.34%
AJG	B	3.16%
ADI	D	3.04%
OTEX	D	3.0%
ADBE	C	2.99%
BMY	B	2.61%
VRTX	F	1.91%
KVUE	A	1.3%
PG	A	1.01%
AME	A	1.01%
PEP	F	1.0%
KO	D	0.98%
XYL	D	0.78%
SNA	A	0.7%
CVX	A	0.67%
CPAY	A	0.63%
CHTR	C	0.62%
GPN	B	0.54%
MA	C	0.53%
CMCSA	B	0.52%
V	A	0.52%
EXC	C	0.49%
ROL	B	0.48%
LKQ	D	0.48%
ABNB	C	0.41%
ECL	D	0.39%
WCN	A	0.39%
UBER	D	0.37%
LIN	D	0.37%
FDX	B	0.36%
CNI	D	0.35%
STLA	F	0.35%
VMC	B	0.33%
T	A	0.32%
DGX	A	0.31%
VZ	C	0.27%
IQV	D	0.26%
RSG	A	0.24%
GPC	D	0.15%

CZAR Underweight 38 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%
CHRD	D	-2.17%
NTAP	C	-2.14%
CL	D	-2.13%
SSNC	B	-2.12%
AMKR	D	-2.08%
CME	A	-2.07%
WD	D	-2.05%
NRG	B	-2.04%
ALLY	C	-2.04%
TTC	D	-1.93%
EXPI	C	-1.9%
KBH	D	-1.87%
ADM	D	-1.86%
BCO	D	-1.7%