MSMR vs. MSSS ETF Comparison

Comparison of McElhenny Sheffield Managed Risk ETF (MSMR) to Monarch Select Subsector Index ETF (MSSS)

MSMR

McElhenny Sheffield Managed Risk ETF

MSMR Description

McElhenny Sheffield Managed Risk ETF seeks capital appreciation while managing downside risk. The fund is an actively managed exchange-traded fund (“ETF”) that employs proprietary trend-based and sector rotation strategies developed by the fund’s investment sub-adviser. The fund invests in shares of other ETFs based on a rules-based process managed by the sub-adviser that reflects a blend of the sub-adviser’s trend-based and sector rotation strategies. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$29.62

Average Daily Volume

5,464

Number of Holdings ^*

3

* 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

$27.80

Average Daily Volume

7,108

Number of Holdings ^*

5

* may have additional holdings in another (foreign) market

Performance

Period	MSMR	MSSS
30 Days	-0.36%	-3.64%
60 Days	0.06%	-1.84%
90 Days	2.19%	3.22%
12 Months	24.15%

1 Overlapping Holdings

	Symbol	Grade	Weight in MSMR	Weight in MSSS	Overlap
	XAR	C	14.7%	10.06%	10.06%

MSMR Overweight 2 Positions Relative to MSSS

	Symbol	Grade	Weight
	QQQM	B	39.88%
	FUTY	C	19.9%

MSMR Underweight 4 Positions Relative to MSSS

	Symbol	Grade	Weight
	KBWP	C	-10.23%
	KIE	C	-10.18%
	XLRE	D	-10.13%
	PBJ	D	-9.98%

MSMR: Top Represented Industries & Keywords

Industries:

Keywords: ETF Exchange Traded Fund Aerospace Defense Industry Index Fund MSCI EAFE Msci Us Reit Index Nasdaq 100 Index S&P Top 100 Loan Index Utilities Index Utilities Sector

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)