MSSS vs. EQL ETF Comparison

Comparison of Monarch Select Subsector Index ETF (MSSS) to ALPS Equal Sector Weight ETF (EQL)

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

EQL

ALPS Equal Sector Weight ETF

EQL Description

The investment seeks investment results that replicate as closely as possible, before fees and expenses, the performance of the Bank of America Securities - Merrill Lynch Equal Sector Weight Index (the "underlying index"). The underlying index is an index of indexes comprised in equal proportions of the nine Select Sector SPDR Indexes. The fund will use a "fund of funds" approach, and seek to achieve its investment objective by investing at least 90% of its total assets in the shares of Select Sector SPDR exchange-traded funds that track the Underlying Sector Indexes of which the underlying index is comprised. It is non-diversified.

Grade (RS Rating)

Last Trade

$131.13

Average Daily Volume

6,086

Number of Holdings ^*

2

* may have additional holdings in another (foreign) market

Performance

Period	MSSS	EQL
30 Days	1.51%	2.12%
60 Days	1.14%	3.95%
90 Days	3.33%	6.04%
12 Months		27.51%

1 Overlapping Holdings

	Symbol	Grade	Weight in MSSS	Weight in EQL	Overlap
	XLRE	C	9.73%	8.6%	8.6%

MSSS Overweight 4 Positions Relative to EQL

	Symbol	Grade	Weight
	XAR	B	10.41%
	KBWP	A	10.38%
	KIE	A	10.32%
	PBJ	A	9.87%

MSSS Underweight 1 Positions Relative to EQL

	Symbol	Grade	Weight
	XLC	A	-9.57%

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)

EQL: Top Represented Industries & Keywords

Industries:

Keywords: ETF Exchange Traded Fund Exchange Traded Funds Global Industry Classification Standard Interactive Media Real Estate Investment Trust Real Estate Management Real Estate Sector SPDR Spdr S&P 500 Trust Etf Standard & Poor's Depositary Receipts State Street Global Advisors Telecommunication Services Wireless Telecommunication Services