Monarch Funds debuts with three ETFs

Mar 24th, 2021 | By | Category: Alternatives / Multi-Asset

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Monarch Funds has made its ETF debut with the launch of three funds advised by Kingsview Wealth Management, a Chicago-based investment adviser.

Monarch Funds debuts with three ETFs

Scott D. Martin, Chief Investment Officer, Kingsview Wealth Management.

Kingsview is the parent company of Monarch Funds.

The inaugural funds are the Monarch Ambassador Income ETF (MAMB US), the Monarch Blue Chips Core ETF (MBCC US), and the Monarch ProCap ETF (MPRO US).

All have listed on Cboe BZX Exchange and are referenced to proprietary strategy indices.

The funds deliver an assortment of exposures including dynamic multi-sector fixed income, concentrated US large-cap equity, and dynamic multi-asset.

Index design and oversight is led by Scott Martin, Kingsview’s Chief Investment Officer, and index specialists Neil Peplinski and Yash Patel.

Ambassador Income

The Monarch Ambassador Income ETF acts as a traditional fixed income alternative, seeking capital appreciation with a higher aggregate yield but lower correlation to traditional fixed income indices.

Specifically, the fund tracks the Kingsview Ambassador Income Index which dynamically allocates across 12 ETFs targeting various fixed income sectors based on the prevailing phase of the economic cycle – expansion, peak, contraction, or trough – as well as the current strength of that phase.

The eligible sectors cover US and global fixed income markets of varying credit qualities and durations. They include Treasuries, corporate bonds, municipal bonds, mortgage-backed securities, convertible bonds, and high-yield debt. The index may also allocate up to 12.5% in an alternative sleeve of instruments that could range from currency ETFs to commodity ETFs.

The fund comes with an expense ratio of 1.47%.

Blue Chips

Aimed at alpha-seeking investors, the Monarch Blue Chips Core ETF delivers a concentrated, high-conviction portfolio of stocks.

Its underlying index is the Kingsview Blue Chips Core Index which consists of companies, selected from among the constituents of the S&P 500, with robust fundamental metrics pertaining to revenue, revenue growth, net income, and net income growth.

The methodology selects the 24 highest-ranked securities based on the fundamental screen while ensuring adequate diversification across sectors. Constituents are equally weighted.

The fund’s expense ratio is 1.25%.

ProCap

The Monarch ProCap ETF tracks the Kingsview ProCap Index and seeks to outperform a traditional balanced portfolio.

The underlying strategy follows a quantitative, fundamental approach using economic and market data to construct a weighting bias amongst select asset classes within the portfolio. The specific allocation to the asset classes is determined by the current phase of the economic cycle and the resulting market conditions.

The index is composed of 6-9 ETFs, with fixed income ETFs and equity ETFs collectively comprising at least 90% of the index, with each being no less than 15% and no more than 75% of the index. Up to 10% of the index may also be allocated to a sleeve of alternative ETFs targeting currencies or commodities.

The fund comes with an expense ratio of 1.36%.

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