AUM $148.1MER 1.42%NAV $35.18Holdings 12Inception Mar 2024
Price Chart
Key Statistics
Previous Close
$36.12Day Range
$35.94$36.12
52-Week Range
$29.05$37.16
Avg Volume
6.5KDividend Yield
—Expense Ratio
1.42%AUM
$148.1MShares Outstanding
4.2METF Grades
?ETF Grades compare this fund against others in the same category using percentile rankings across six factors. Grades range from A+ (top 5%) to F (bottom 20%). Updated daily.Sector Breakdown
| Sector | Weight % |
|---|---|
| Healthcare | 29.78% |
| Technology | 20.46% |
| Financial Services | 19.52% |
| Communication Services | 13.50% |
| Industrials | 10.56% |
| Consumer Cyclical | 5.41% |
| Consumer Defensive | 0.77% |
Country Allocation
| Country | Weight % |
|---|---|
| United States | 99.67% |
| Other | 0.33% |
Fund Information
- Issuer
- Monarch
- Category
- Healthcare
- Inception Date
- Mar 6, 2024
- Exchange
- BATS
- 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.
Similar ETFs
The Monarch Select Subsector ETF (MSSS) is an exchange-traded fund issued by Monarch that launched on Mar 6, 2024. It currently manages $148.1M in assets under management. The fund charges an expense ratio of 1.42%. The fund holds 12 securities in its portfolio. It falls under the Healthcare category.
Top 10 holdings represent 99.8% of the fund
| Rank | Symbol | Name | Weight % | Shares | Market Value |
|---|---|---|---|---|---|
| 1 | IHF | iShares U.S. Healthcare Providers ETF | 10.55% | 267,989 | $16.0M |
| 2 | IHI | iShares U.S. Medical Devices ETF USD Class | 10.28% | 287,671 | $15.5M |
| 3 | KBWP | Invesco KBW Property & Casualty ETF USD Class | 10.17% | 117,257 | $15.4M |
| 4 | PBJ | Invesco Food & Beverage ETF | 10.15% | 324,056 | $15.3M |
| 5 | XLU | State Street Utilities Select Sector SPDR ETF USD Class | 10.12% | 367,202 | $15.3M |
| 6 | KIE | SPDR S&P Insurance ETF | 10.07% | 246,083 | $15.2M |
| 7 | XLRE | State Street Real Estate Select Sector SPDR ETF USD Class | 9.95% | 358,175 | $15.0M |
| 8 | ITB | iShares U.S. Home Construction ETF USD Class | 9.57% | 166,769 | $14.5M |
| 9 | XHB | SPDR S&P Homebuilders ETF USD Class | 9.54% | 150,552 | $14.4M |
| 10 | XAR | SPDR S&P Aerospace & Defense ETF | 9.36% | 62,913 | $14.1M |
| 11 | — | US DOLLARS | 0.32% | 476,366 | $476K |
| 12 | — | Receivables/Payables | -0.07% | -108,066 | $-108066 |
Detailed Returns
| Period | Return | ETF |
|---|---|---|
| 1D | -0.42% | |
| 1W | +2.38% | |
| 1M | +2.17% | |
| 3M | +1.77% | |
| 6M | +11.07% | |
| YTD | +18.49% | |
| 1Y | +17.42% | |
| 3Y | +42.40% | |
| 5Y | +42.40% |
Moving Averages
20-Day MA
$35.08
Above 20-Day MA50-Day MA
$35.56
Above 50-Day MA200-Day MA
$33.63
Above 200-Day MAPrice with Moving Averages
Support & Resistance
52-Week High
$37.16
Current Price
$35.97
52-Week Low
$29.05
$29.05$37.16
Current Yield
—
Annual Dividend
$0.1348
Frequency
4x/year
Last Ex-Date
Dec 18, 2025
Dividend History
| Ex-Date | Amount | Pay Date |
|---|---|---|
| Dec 18, 2025 | $0.0193 | Dec 23, 2025 |
| Sep 26, 2025 | $0.0278 | Oct 1, 2025 |
| Jun 27, 2025 | $0.0160 | Jul 2, 2025 |
| Dec 19, 2024 | $0.0717 | Dec 24, 2024 |
| Mar 27, 2024 | $0.0446 | Apr 2, 2024 |
Dividend Payments Over Time
Category Comparison
| Metric | MSSS | Healthcare(205 ETFs) |
|---|---|---|
| Fund Info | ||
| Expense Ratio | 1.42% | 0.64% |
| AUM | $148.1M | $868.4M |
| Dividend Yield | — | 4.50% |
| Avg Volume | 6.5K | 264.1K |
| Holdings | 12 | 145 |
| Performance | ||
| 1-Month Return | +2.17% | -1.96% |
| 6-Month Return | +8.06% | +10.01% |
| YTD Return | +18.92% | +11.25% |
| 1-Year Return | +14.56% | +7.17% |
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