MSSS Monarch Select Subsector ETF
Quote as of Nov 02, 2026 20:34 UTC · Quotes are refreshed hourly from the data provider, so during market hours a price can be up to about 1–2 hours old; each quote shows its own timestamp.
| Previous Close | 36.92 | Day Range | 37.35 – 37.61 |
| 52-Week Range | 29.00 – 37.61 | Volume | 5.76K |
| Avg Volume | 12.51K | AUM | $154.0M (Nov 03, 2026) |
| Expense Ratio | 1.42% | Yield (TTM) | 0.19% |
| NAV | 36.50 | Premium/Discount | +3.04% indicative |
| Inception | Mar 06, 2024 | Holdings | 12 |
| Issuer | Monarch | Exchange | CBOE |
| Category | — | Index Tracked | Not stated in source data |
| CUSIP | 66537J838 | ISIN | US66537J8383 |
| Management | Not stated in source data | ||
About this ETF
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.
Description from the fund data provider · profile as of Nov 03, 2026.
Price Chart
Daily closing prices (price return, not total return). Comparison lines are normalized to percent change from the range start. Source: Financial Modeling Prep.
Performance
| 1M | 3M | 6M | YTD | 1Y | 3Y* | 5Y* | 10Y* | Incep.* | |
|---|---|---|---|---|---|---|---|---|---|
| Price return | +8.79% | +4.56% | +15.26% | +24.29% | +25.53% | — | — | — | +16.15% |
| Total return | +8.79% | +4.56% | +15.26% | +24.50% | +25.87% | — | — | — | +16.52% |
* Annualized. Total return uses the dividend-adjusted price series (distributions reinvested); price return uses unadjusted closes. Performance through Nov 02, 2026. Past performance does not guarantee future results.
Fees
| Net expense ratio | 1.42% | Annual cost of a $10,000 investment | $142.00 |
Illustrative calculation only: expense ratio × $10,000. It excludes trading costs, bid/ask spreads, taxes and changes in investment value. Gross vs. net expense details and any fee waivers are in the prospectus.
Holdings
Holdings list retrieved Oct 31, 2026 · The data provider's latest disclosed portfolio for this fund. Issuers publish holdings daily or monthly, so the portfolio date can be earlier; holdings are not live positions. 12 holdings stored.
| # | Holding | Ticker | Weight | Shares | Market Value |
|---|---|---|---|---|---|
| 1 | Invesco KBW Property & Casualty ETF USD Class | KBWP | 10.43% | 118.36K | $16.4M |
| 2 | iShares U.S. Healthcare Providers ETF | IHF | 10.31% | 270.53K | $16.2M |
| 3 | State Street Utilities Select Sector SPDR ETF… | XLU | 10.23% | 370.68K | $16.1M |
| 4 | iShares U.S. Medical Devices ETF USD Class | IHI | 10.08% | 290.39K | $15.9M |
| 5 | SPDR S&P Insurance ETF | KIE | 10.06% | 248.41K | $15.8M |
| 6 | iShares U.S. Home Construction ETF USD Class | ITB | 9.93% | 168.35K | $15.6M |
| 7 | State Street Real Estate Select Sector SPDR ETF… | XLRE | 9.92% | 361.57K | $15.6M |
| 8 | Invesco Food & Beverage ETF | PBJ | 9.92% | 327.12K | $15.6M |
| 9 | SPDR S&P Homebuilders ETF USD Class | XHB | 9.76% | 151.98K | $15.3M |
| 10 | SPDR S&P Aerospace & Defense ETF | XAR | 9.18% | 63.51K | $14.4M |
| 11 | US DOLLARS | — | 0.31% | 481.34K | $481.3K |
| 12 | Receivables/Payables | — | -0.12% | -181.57K | -$181.6K |
Click a ticker to see every ETF that owns it.
Sector Exposure
Geographic Exposure
Country weights as reported by the data provider. Developed/emerging/frontier labels follow the classification on the Methodology page. Currency hedged: No hedging indicated in the fund name.
Distributions
| Yield (TTM) | 0.19% | Paid (last 12 months) | $0.0720 |
| Frequency | Quarterly | SEC yield | Not provided by our data source; see the issuer page |
| Last ex-date | Mar 26, 2026 | Last payment | $0.0530 |
| Growth 1Y | — | Growth 3Y / 5Y (ann.) | — / — |
| Ex-date | Record | Pay date | Amount |
|---|---|---|---|
| Mar 26, 2026 | — | — | $0.0530 |
| Dec 18, 2025 | — | — | $0.0190 |
| Sep 26, 2025 | — | — | $0.0280 |
| Jun 27, 2025 | — | — | $0.0160 |
| Dec 19, 2024 | — | — | $0.0720 |
| Mar 27, 2024 | — | — | $0.0450 |
Trailing distribution yield = last 12 months of cash ÷ current price. It is NOT the SEC 30-day yield and distributions are not guaranteed to continue. The difference explained →
Risk Statistics
| Volatility 1Y / 3Y | 13.47% / 15.58% | Sharpe 1Y / 3Y | 1.63 / 0.81 |
| Max drawdown 1Y / 3Y | -10.17% / -19.14% | Sortino 1Y | 2.66 |
| Beta vs S&P 500 (3Y) | 0.794 | Correlation vs S&P 500 (1Y) | 0.63 |
| Downside deviation 1Y | 8.26% | Risk-free rate used | 3.99% (3M T-bill, FRED) |
Computed by ETF Explorer from daily dividend-adjusted closes; volatility and drawdown are annualized/period figures; S&P 500 exposure proxied by SPY. As of Nov 03, 2026. Formulas →
Liquidity
| Volume today | 5.76K | Average volume | 12.51K |
| AUM | $154.0M | Premium/Discount | +3.04% |
| Bid/Ask spread | Not provided by our data source. Check your broker's quote screen; spreads are widest at the open and close. | ||
Premium/discount compares the delayed market price with the last reported NAV: an indicative figure, not the official closing premium/discount. How ETF liquidity works →
Fund Flows (estimated)
| Period | Est. net flow | % of starting AUM | AUM start → end |
|---|---|---|---|
| 1 Week | -$97.7K | -0.06% | $151.8M → $154.0M |
| 1 Month | -$600.7K | -0.42% | $144.4M → $154.0M |
ETF Explorer estimate: change in reported AUM minus the market-move effect, from our own daily snapshots. Not official issuer creation/redemption data.
Official Fund Resources
External links open the issuer's site or SEC EDGAR in a new tab. The prospectus and official documents are always the authoritative source; review them before investing.
Latest News for MSSS
No articles mention this fund directly in the last 7 days; showing general ETF coverage.
Guided help: AUM is fund size. The expense ratio is the yearly cost baked into returns. NAV is the value of what the fund owns per share; the market price can sit slightly above (premium) or below (discount) it. Total return assumes distributions were reinvested. Every dataset shows its own as-of date because holdings, assets and quotes update on different schedules.