DYFI vs. MSSS ETF Comparison

Comparison of IDX Dynamic Fixed Income ETF (DYFI) to Monarch Select Subsector Index ETF (MSSS)

DYFI

IDX Dynamic Fixed Income ETF

DYFI Description

The fund is an actively managed exchange traded fund ("ETF") that is a "fund of funds," meaning that it normally invests at least 80% of its net assets, including any borrowings for investment purposes, in other ETFs that invest in various sectors of the debt markets, including corporate bonds, U.S. government and agency securities, private debt, foreign bonds (including emerging markets), foreign sovereign bonds, convertible securities, Treasury Inflation Protected Securities (TIPS), bank loans, asset-backed securities, mortgage-backed securities, and cash equivalent instruments. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$23.67

Average Daily Volume

8,180

Number of Holdings ^*

2

* may have additional holdings in another (foreign) market

MSSS

Monarch Select Subsector Index ETF

MSSS Description

MSSS is a fund-of-ETFs that provide exposure to companies considered part of economically advantageous US sectors and subsectors. The fund follows a proprietary rules-based methodology that selects sectors and subsectors based on the phase of the economic cycle. The methodology uses employment trends to determine the phase of the economic cycle. It then identifies the sectors and subsectors that have historically performed well during such cycle. The fund selects 10 US-listed ETFs that are expected to deliver the best risk-adjusted return for the identified phase. As the fund may hold subsector funds within the same sector, MSSS may have significant exposure in one or more sectors relative to others. The fund employs a replication indexing strategy in which it invests in securities in approximately the same proportions as the underlying index.

Grade (RS Rating)

Last Trade

$29.03

Average Daily Volume

7,472

Number of Holdings ^*

5

* may have additional holdings in another (foreign) market

Performance

Period	DYFI	MSSS
30 Days	0.51%	1.51%
60 Days	-0.86%	1.14%
90 Days	0.32%	3.33%
12 Months

0 Overlapping Holdings

	Symbol	Grade	Weight in DYFI	Weight in MSSS	Overlap

DYFI Overweight 2 Positions Relative to MSSS

	Symbol	Grade	Weight
	SJNK	A	39.13%
	BKLN	A	16.0%

DYFI Underweight 5 Positions Relative to MSSS

	Symbol	Grade	Weight
	XAR	B	-10.41%
	KBWP	A	-10.38%
	KIE	A	-10.32%
	PBJ	A	-9.87%
	XLRE	C	-9.73%

DYFI: Top Represented Industries & Keywords

Industries:

Keywords: ETF Exchange Traded Fund Barclays Bond Exchange Traded Funds High Yield Debt Index Fund Invesco Powershares Loan

MSSS: Top Represented Industries & Keywords

Industries:

Keywords: ETF Exchange Traded Fund Exchange Traded Funds Index Fund Invesco Powershares S&P Top 100 Loan Index Aerospace Agricultural Products Beverage Beverage Products Casualty Insurance Defense Industry Insurance Industry Inter 10 Index Kbw Kbw Bank Total Return Index Real Estate Investment Trust Real Estate Management Real Estate Sector S&P International Dividend Opportunities Index (Total Return)