PMIO vs. MVFG ETF Comparison

Comparison of PGIM Municipal Income Opportunities ETF (PMIO) to Monarch Volume Factor Global Unconstrained Index ETF (MVFG)

PMIO

PGIM Municipal Income Opportunities ETF

PMIO Description

Under normal circumstances, the fund invests at least 80% of its investable assets in municipal obligations whose income is exempt from federal income taxes. For purposes of this policy, such municipal obligations include zero coupon bonds, variable rate demand obligations, short term municipal notes, tax-exempt commercial paper, municipal lease obligations etc.

Grade (RS Rating)

Last Trade

$51.03

Average Daily Volume

252

Number of Holdings ^*

* may have additional holdings in another (foreign) market

MVFG

Monarch Volume Factor Global Unconstrained Index ETF

MVFG Description

MVFG is a fund of fund, emphasizing equity ETFs with strong cash flow and adjusting towards treasury ETFs during cash flow challenges. The fund seeks to replicate the performance of its target index, composed of up to 25 equally weighted equity ETFs selected for financial health, alongside treasury ETFs as necessary. Screening US-listed equity ETFs with global exposure, including emerging markets, the fund adheres to specific criteria like no leverage, non-inverse fund structure, assets over $50 million, and a trading history of at least two years. Following the proprietary Volume Factor methodology, it identifies sectors with positive cash flow dynamics. MVFG's adaptable strategy involves adjusting sector allocations in response to financial trends, ensuring a proportional representation of index securities. During market downturns, the fund may increase exposure to treasury ETFs while rebalancing sector weightings to navigate evolving market conditions. MVFG focuses on global market intricacies and aims for diversified positive cash flow strategies.

Grade (RS Rating)

Last Trade

$27.14

Average Daily Volume

6,260

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	PMIO	MVFG
30 Days	0.06%	-2.01%
60 Days	0.22%	-0.37%
90 Days	1.32%	1.32%
12 Months

0 Overlapping Holdings

	Symbol	Grade	Weight in PMIO	Weight in MVFG	Overlap

PMIO Overweight 2 Positions Relative to MVFG

	Symbol	Grade	Weight
	VTEB	C	3.67%
	MUB	C	3.22%

PMIO Underweight 10 Positions Relative to MVFG

Symbol	Grade	Weight
XSMO	B	-4.88%
IWP	B	-4.51%
XLRE	C	-4.46%
SPHD	B	-4.39%
CIBR	B	-4.28%
ESGV	B	-4.21%
SCHH	D	-4.16%
GUNR	D	-3.88%
ASHR	C	-3.63%
KWEB	D	-3.59%

PMIO: Top Represented Industries & Keywords

Industries:

Keywords: Bond ETF Exchange Traded Fund Alternative Minimum Tax Bond Market Bond Market Indices Municipal Bond Revenue Bond Stock Fund

MVFG: Top Represented Industries & Keywords

Industries: