MDPL vs. DIVP ETF Comparison

Comparison of Monarch Dividend Plus Index ETF (MDPL) to Cullen Enhanced Equity Income ETF (DIVP)

MDPL

Monarch Dividend Plus Index ETF

MDPL Description

MPDL tracks an equal-weighted index of 30 dividend-paying US stocks that are expected to provide dividend income and capital appreciation.

Grade (RS Rating)

Last Trade

$27.32

Average Daily Volume

4,985

Number of Holdings ^*

* may have additional holdings in another (foreign) market

DIVP

Cullen Enhanced Equity Income ETF

DIVP Description

DIVP invests in large- and mid-cap value stocks that generally have higher dividend yield than the average of the funds US benchmark. The fund identifies value stocks that have low price-to-earnings ratio with above-average earnings and dividend growth potential. Companies are screened using fundamental research. The fund may invest up to 30% in non-US companies in the form of ADRs. While the portfolio is not rebalanced systematically, weighting is roughly equal to avoid overweighting of individual securities. To generate additional income, the fund selectively writes covered call options with a target range of between 25-40%. However, the covered call overlay limits participation in potential gains if shares increase in value. The adviser may sell stocks that are no longer viewed as attractive based on growth potential, dividend yield, or price. As an actively managed ETF, the fund manager has full discretion to make buy, hold, or sell decisions at any time.

Grade (RS Rating)

Last Trade

$27.05

Average Daily Volume

1,466

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	MDPL	DIVP
30 Days	3.67%	1.06%
60 Days	2.66%	2.01%
90 Days	3.80%	4.33%
12 Months

4 Overlapping Holdings

Symbol	Grade	Weight in MDPL	Weight in DIVP	Overlap
CAG	D	3.17%	3.25%	3.17%
CMCSA	B	3.32%	3.23%	3.23%
GPC	D	3.44%	1.81%	1.81%
MRK	F	3.18%	3.12%	3.12%

MDPL Overweight 26 Positions Relative to DIVP

Symbol	Grade	Weight
OVV	B	3.53%
TAP	C	3.52%
OC	A	3.47%
CVS	D	3.42%
CI	F	3.41%
FANG	D	3.39%
DG	F	3.39%
JNJ	D	3.37%
AMCR	D	3.36%
WTW	B	3.35%
CABO	C	3.34%
ALSN	B	3.34%
SSNC	B	3.33%
SON	D	3.33%
NXST	C	3.31%
MKTX	D	3.3%
RGLD	C	3.3%
G	B	3.29%
HSY	F	3.28%
KR	B	3.28%
GPK	C	3.26%
SJM	D	3.24%
CTSH	B	3.24%
STLD	B	3.21%
ELV	F	3.21%
IPG	D	3.12%

MDPL Underweight 28 Positions Relative to DIVP

Symbol	Grade	Weight
CSCO	B	-4.46%
EOG	A	-4.39%
BMY	B	-4.1%
MDT	D	-3.88%
VICI	C	-3.83%
DUK	C	-3.6%
PPL	B	-3.6%
CVX	A	-3.51%
PM	B	-3.47%
C	A	-3.35%
TFC	A	-3.34%
BAC	A	-3.33%
KVUE	A	-3.28%
VZ	C	-3.24%
XOM	B	-3.22%
SYY	B	-2.92%
RTX	C	-2.89%
DOC	D	-2.86%
MO	A	-2.73%
BAX	D	-2.67%
IBM	C	-2.62%
JCI	C	-2.55%
JPM	A	-2.41%
TRV	B	-2.21%
DOW	F	-2.1%
GD	F	-2.03%
RIO	D	-1.81%
UPS	C	-1.75%