PHO vs. MVFD ETF Comparison

Comparison of Invesco Water Resources ETF (PHO) to Monarch Volume Factor Dividend Tree Index ETF (MVFD)

PHO

Invesco Water Resources ETF

PHO Description

The PowerShares Water Resources Portfolio (Fund) is based on the NASDAQ OMX US Water Index. The Fund generally will invest at least 90% of its total assets in common stocks and American depositary receipts (ADRs) of companies in the water industry that comprise the Underlying Index. The Underlying Index seeks to track the performance of US exchange-listed companies that create products designed to conserve and purify water for homes, businesses and industries. The Fund and the Index are rebalanced quarterly and reconstituted annually in April.

Grade (RS Rating)

Last Trade

$70.37

Average Daily Volume

69,433

Number of Holdings ^*

* may have additional holdings in another (foreign) market

MVFD

Monarch Volume Factor Dividend Tree Index ETF

MVFD Description

MVFD focuses on equities demonstrating strong cash flow and dividend potential, shifting towards fixed income ETFs linked to US Treasurys in unfavorable cash flow scenarios. The fund seeks to mirror the performance of its target index, comprised of 40 equally weighted stocks selected for their financial health and income-producing ability, alongside up to 5 fixed income ETFs. Driving its selection process is the proprietary Volume Factor methodology, which examines stocks by analyzing the dynamics between market volume and price. This analysis is facilitated by a distinctive volume-price confirmation indicator. Evaluating a broad pool of 3,000 U.S. stocks, the methodology generates a composite score to rank and ensure that only the top-performing equities under positive financial conditions are chosen. MVFDs strategy aims for adaptability, modifying its equity-to-fixed income ratio based on prevailing financial trends. Furthermore, the index undergoes quarterly reconstitution to realign with market changes, optimizing the funds portfolio composition accordingly.

Grade (RS Rating)

Last Trade

$27.56

Average Daily Volume

5,890

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	PHO	MVFD
30 Days	-0.87%	2.33%
60 Days	0.35%	4.31%
90 Days	1.21%	7.03%
12 Months	25.77%

2 Overlapping Holdings

	Symbol	Grade	Weight in PHO	Weight in MVFD	Overlap
	MLI	B	2.91%	2.7%	2.7%
	TTC	F	3.54%	1.93%	1.93%

PHO Overweight 34 Positions Relative to MVFD

Symbol	Grade	Weight
ROP	C	8.0%
ECL	D	7.84%
XYL	D	6.17%
VLTO	C	6.02%
PNR	B	4.83%
IEX	B	4.46%
ACM	B	4.32%
WAT	B	4.19%
ITRI	B	4.01%
AWK	C	3.79%
CNM	C	3.58%
AOS	F	3.49%
WMS	F	3.39%
TTEK	F	2.8%
VMI	B	2.67%
WTRG	B	2.61%
WTS	B	1.86%
ZWS	B	1.71%
BMI	B	1.67%
MWA	B	1.42%
SBS	B	1.16%
AWR	B	0.88%
FELE	B	0.86%
CWT	C	0.74%
LNN	B	0.67%
SJW	F	0.54%
MSEX	B	0.43%
ERII	D	0.36%
GRC	B	0.23%
ARTNA	F	0.15%
CWCO	C	0.13%
YORW	D	0.11%
NWPX	A	0.09%
GWRS	B	0.02%

PHO Underweight 37 Positions Relative to MVFD

Symbol	Grade	Weight
MO	A	-3.74%
FOX	A	-3.57%
TGNA	B	-3.47%
FOXA	B	-3.36%
HLNE	B	-3.3%
BKH	A	-3.08%
VOYA	B	-3.0%
JHG	B	-2.92%
MATX	B	-2.88%
ADTN	B	-2.85%
ABM	B	-2.85%
QCOM	F	-2.71%
NYT	D	-2.62%
SR	A	-2.59%
EXPD	D	-2.47%
PM	A	-2.36%
LPX	B	-2.35%
RHI	C	-2.35%
WKC	C	-2.35%
MEI	F	-2.33%
SEM	B	-2.31%
AFL	C	-2.27%
CCK	D	-2.23%
GILD	B	-2.18%
CHRD	F	-2.17%
NTAP	C	-2.14%
CL	D	-2.13%
SSNC	C	-2.12%
AMKR	F	-2.08%
CME	A	-2.07%
WD	D	-2.05%
NRG	B	-2.04%
ALLY	C	-2.04%
EXPI	C	-1.9%
KBH	D	-1.87%
ADM	D	-1.86%
BCO	F	-1.7%