MSSS vs. MPRO ETF Comparison

Comparison of Monarch Select Subsector Index ETF (MSSS) to Monarch ProCap ETF (MPRO)

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

MPRO

Monarch ProCap ETF

MPRO Description

The investment seeks to replicate investment results that generally correspond, before fees and expenses, to the performance of the Kingsview ProCap Index. The fund generally invests at least 80% of its total assets in the component securities of the index. The index is comprised of 6-9 constituents, with fixed income ETFs and equity ETFs collectively comprising at least 90% of the index, with each being no less than 15% and no more than 75% of the index.

Grade (RS Rating)

Last Trade

$29.54

Average Daily Volume

24,679

Number of Holdings ^*

1

* may have additional holdings in another (foreign) market

Performance

Period	MSSS	MPRO
30 Days	1.51%	-1.30%
60 Days	1.14%	-2.64%
90 Days	3.33%	-0.91%
12 Months		15.46%

1 Overlapping Holdings

	Symbol	Grade	Weight in MSSS	Weight in MPRO	Overlap
	XLRE	C	9.73%	12.04%	9.73%

MSSS Overweight 4 Positions Relative to MPRO

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

MSSS Underweight 0 Positions Relative to MPRO

	Symbol	Grade	Weight

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)

MPRO: Top Represented Industries & Keywords

Industries:

Keywords: ETF Exchange Traded Fund Exchange Traded Funds 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