TMSL vs. MVFD ETF Comparison

Comparison of T. Rowe Price Exchange-Traded Funds, Inc. T. Rowe Price Small-Mid Cap ETF (TMSL) to Monarch Volume Factor Dividend Tree Index ETF (MVFD)

TMSL

T. Rowe Price Exchange-Traded Funds, Inc. T. Rowe Price Small-Mid Cap ETF

TMSL Description

The fund normally invests at least 80% of its net assets (including any borrowings for investment purposes) in assets issued by small- or mid-cap companies. The fund may at times invest significantly in certain sectors, such as the information technology sector.

Grade (RS Rating)

Last Trade

$34.69

Average Daily Volume

74,374

Number of Holdings ^*

256

* 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

$27.79

Average Daily Volume

6,318

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	TMSL	MVFD
30 Days	7.83%	5.79%
60 Days	7.33%	6.41%
90 Days	8.82%	8.33%
12 Months	36.92%

6 Overlapping Holdings

Symbol	Grade	Weight in TMSL	Weight in MVFD	Overlap
BCO	D	0.39%	1.7%	0.39%
LPX	B	0.3%	2.35%	0.3%
SEM	B	1.35%	2.31%	1.35%
SSNC	B	0.75%	2.12%	0.75%
TTC	D	0.45%	1.93%	0.45%
VOYA	B	0.67%	3.0%	0.67%

TMSL Overweight 250 Positions Relative to MVFD

Symbol	Grade	Weight
SWK	D	1.44%
FTI	A	1.23%
CPAY	A	1.23%
MKSI	C	1.19%
TXT	D	1.17%
WAL	B	1.15%
BPOP	B	1.14%
THC	D	1.13%
RNR	C	0.95%
DT	C	0.87%
REXR	F	0.84%
ESAB	B	0.81%
WBS	A	0.8%
LAMR	D	0.79%
RPM	A	0.77%
GDDY	A	0.75%
HII	D	0.75%
DOCU	A	0.71%
LDOS	C	0.65%
BFAM	D	0.65%
GEN	B	0.64%
RL	B	0.63%
WU	D	0.62%
TFX	F	0.61%
RS	B	0.61%
TOL	B	0.6%
INSM	C	0.59%
CUBE	D	0.59%
NTNX	A	0.59%
BDC	B	0.59%
NI	A	0.59%
VNO	B	0.58%
CRBG	B	0.58%
ZBRA	B	0.57%
SAIA	B	0.56%
HBAN	A	0.56%
PATK	D	0.56%
SITE	D	0.55%
EME	C	0.54%
OPCH	D	0.54%
STLD	B	0.54%
CF	B	0.53%
BURL	A	0.53%
ENTG	D	0.52%
FBP	B	0.52%
XPRO	F	0.52%
STNG	F	0.52%
RGA	A	0.51%
MNDY	C	0.51%
WYNN	D	0.51%
MWA	B	0.51%
WING	D	0.5%
CVNA	B	0.5%
SUM	B	0.5%
AGCO	D	0.5%
VTRS	A	0.5%
CW	B	0.49%
IOT	A	0.49%
CLH	B	0.48%
APG	B	0.48%
EWBC	A	0.48%
WSC	D	0.48%
COOP	B	0.47%
DUOL	A	0.47%
ST	F	0.46%
BLX	C	0.46%
EQH	B	0.46%
EXAS	D	0.45%
TYL	B	0.45%
EHC	B	0.45%
OMF	A	0.45%
MIDD	C	0.44%
MORN	B	0.44%
TOST	B	0.43%
BRX	A	0.43%
HUBB	B	0.43%
RRC	B	0.43%
JBL	B	0.42%
TKR	D	0.42%
PLNT	A	0.41%
LRN	A	0.41%
KFY	B	0.41%
FMC	D	0.41%
NVR	D	0.41%
HOLX	D	0.4%
TNL	A	0.4%
EG	C	0.4%
VFC	C	0.39%
AEE	A	0.39%
AWI	A	0.39%
FND	C	0.39%
DKNG	B	0.39%
RYN	D	0.39%
BBWI	D	0.38%
SUI	D	0.38%
DPZ	C	0.38%
NCLH	B	0.37%
PHIN	A	0.37%
VRRM	D	0.37%
PR	B	0.36%
REG	B	0.36%
PTC	A	0.36%
NXST	C	0.35%
FITB	A	0.35%
NWS	B	0.35%
PCVX	D	0.34%
UHS	D	0.34%
RNA	D	0.34%
UPWK	B	0.33%
STGW	B	0.33%
FLO	D	0.33%
ULTA	F	0.33%
DRH	B	0.32%
BPMC	C	0.32%
GEO	B	0.32%
KMPR	B	0.32%
DOLE	D	0.32%
USFD	A	0.32%
MAIN	A	0.31%
DOX	D	0.31%
SKWD	A	0.31%
RVTY	F	0.31%
MANH	D	0.3%
MOH	F	0.3%
OC	A	0.3%
POR	C	0.3%
HWM	A	0.29%
EVRI	A	0.29%
NBIX	C	0.29%
SHOO	D	0.29%
BERY	B	0.28%
TECH	D	0.28%
OFG	B	0.28%
ASGN	F	0.28%
LSTR	D	0.28%
ARMK	B	0.28%
BJ	A	0.28%
FCN	D	0.28%
AYI	B	0.27%
LPLA	A	0.27%
FTDR	A	0.27%
ATEN	B	0.27%
PAYO	A	0.27%
ELS	C	0.26%
CASY	A	0.26%
CPA	D	0.26%
VNT	B	0.26%
STEP	B	0.26%
KRC	C	0.26%
ELF	C	0.26%
ELAN	D	0.26%
PFGC	B	0.25%
PLAB	C	0.25%
HST	C	0.25%
KYMR	D	0.25%
SCI	B	0.25%
CHDN	B	0.25%
NTRA	B	0.25%
BLDR	D	0.25%
VRTS	B	0.25%
AZEK	A	0.24%
PCTY	B	0.24%
MTX	B	0.24%
MCB	B	0.24%
GLOB	B	0.24%
RVMD	C	0.24%
BLBD	D	0.24%
BOX	B	0.24%
CBOE	B	0.23%
CRNX	C	0.23%
BLD	D	0.23%
OIS	C	0.23%
RDDT	B	0.23%
EEFT	B	0.23%
CTLT	B	0.23%
TREX	C	0.23%
WFRD	D	0.22%
UFPI	B	0.22%
TDW	F	0.22%
CELH	F	0.22%
CRL	C	0.22%
ESS	B	0.22%
ALV	C	0.22%
ALKS	B	0.21%
EPR	D	0.21%
ONON	A	0.21%
LSCC	D	0.21%
VRNT	C	0.21%
BRZE	C	0.21%
RGEN	D	0.21%
WFG	D	0.21%
LPRO	C	0.21%
PK	B	0.2%
SWN	D	0.2%
PRDO	B	0.2%
KEX	C	0.2%
THG	A	0.2%
TXRH	C	0.2%
EVRG	A	0.2%
CWEN	C	0.2%
NWE	B	0.19%
OLLI	D	0.19%
HAFC	A	0.19%
NFG	A	0.19%
BGNE	D	0.18%
AHH	D	0.18%
LUV	C	0.18%
LEGN	F	0.18%
RARE	D	0.18%
PBH	A	0.17%
ENS	D	0.17%
TW	A	0.17%
WDC	D	0.17%
PLUS	F	0.16%
AVNT	B	0.16%
BFS	C	0.16%
AVY	D	0.16%
REPL	B	0.16%
SRPT	D	0.16%
BWXT	B	0.16%
VERA	B	0.16%
FIX	A	0.16%
GMRE	F	0.15%
HIG	B	0.15%
XRAY	F	0.15%
CVLT	B	0.15%
CNP	B	0.15%
WTTR	B	0.15%
NRIX	D	0.14%
TDC	D	0.14%
AMAL	B	0.14%
ESNT	D	0.13%
ACM	A	0.12%
XNCR	B	0.12%
ASND	D	0.12%
NTLA	F	0.11%
MDGL	B	0.11%
ACAD	D	0.11%
CLDX	F	0.11%
IONS	F	0.11%
AKRO	B	0.11%
IDYA	F	0.1%
ANET	C	0.1%
APPF	B	0.08%
RCKT	F	0.08%
BXC	B	0.08%
PRTA	F	0.07%
SRRK	B	0.06%
PLRX	F	0.06%
SWTX	C	0.04%

TMSL Underweight 33 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%
JHG	A	-2.92%
MATX	C	-2.88%
ADTN	A	-2.85%
ABM	B	-2.85%
QCOM	F	-2.71%
MLI	C	-2.7%
NYT	C	-2.62%
SR	A	-2.59%
EXPD	D	-2.47%
PM	B	-2.36%
RHI	B	-2.35%
WKC	D	-2.35%
MEI	D	-2.33%
AFL	B	-2.27%
CCK	C	-2.23%
GILD	C	-2.18%
CHRD	D	-2.17%
NTAP	C	-2.14%
CL	D	-2.13%
AMKR	D	-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%