Investment objective & strategy
As of June 25, 2025 · prospectusObjective. The Monarch Dividend Plus Index ETF (the ?Fund?) seeks to replicate investment results that generally correspond, before fees and expenses, to the performance of the Monarch Dividend Plus Index (the ?Index?).
Strategy. The Fund invests at least 80% of its total assets in the constituents of the Index. The Index consists of 30 equally weighted U.S. stocks from the Russell 1000 Index that represent all economic sectors within the S&P 500 Index and that represent dividend paying value stocks that deliver dividend cash flows across all market cycles. Kingsview Wealth Management LLC (the ?Adviser?) is the Index provider. The Index follows a proprietary rules-based methodology that initially screens the companies listed on the Russell 1000, an index that represents the top 1000 companies by market capitalization, for both absolute and relative dividend growth and free cash flow generation metrics to determine its composition. The Index methodology assigns a composite score for each … The Fund invests at least 80% of its total assets in the constituents of the Index. The Index consists of 30 equally weighted U.S. stocks from the Russell 1000 Index that represent all economic sectors within the S&P 500 Index and that represent dividend paying value stocks that deliver dividend cash flows across all market cycles. Kingsview Wealth Management LLC (the ?Adviser?) is the Index provider. The Index follows a proprietary rules-based methodology that initially screens the companies listed on the Russell 1000, an index that represents the top 1000 companies by market capitalization, for both absolute and relative dividend growth and free cash flow generation metrics to determine its composition. The Index methodology assigns a composite score for each company based on its rankings for its potential to generate positive cash flow (as measured by its free cash flow to enterprise value ratio), debt-to-equity ratio, payout ratio, dividend growth and earnings stability. The 30 highest scoring companies are selected for the Index. These companies are expected to provide dividend income ?plus? strong capital appreciation. The Index is reconstituted weekly. Any constituent that exceeds its target valuation (as calculated by its price-to-earnings ratio, return on equity, dividend payout ratio, and sales growth)is removed from the Index and new constituents are added in rank order to restore the Index to 30 constituents. Constituents that are removed from the Index are eligible for inclusion in the Index at the next reconstitution. Based on these factors, the Fund at any given time may have a significant percentage of its assets invested in one or more sectors relative to other sectors. As of February 28, 2025, the Index had over 25% exposure to the consumer staples sector. The Adviser utilizes a sub-adviser, Penserra Capital Management LLC (the ?Sub-Adviser?), to manage the assets of the Fund. The Sub-Adviser uses a replication indexing strategy to manage the Fund. ?Replication indexing? is a strategy in which a fund invests in substantially all of the securities in its underlying index in approximately the same proportions as in the underlying index. The index is sponsored by Solactive A.G. (?Solactive?), which is independent of the Fund, the Adviser and the Sub-Adviser. Solactive calculates and publishes the market value of the Index based on the Index?s constituents. The Index is unmanaged and cannot be invested in directly.
Top holdings
As of Feb. 28, 2026 · N-PORT| Security | Ticker | Value | % of fund |
|---|---|---|---|
| FACTSET RESEARCH SYSTEMS INC | — | $2.16M | 3.66% |
| NEXSTAR MEDIA GROUP INC | — | $2.10M | 3.58% |
| SS&C TECHNOLOGIE | — | $2.05M | 3.48% |
| MARSH & MCLENNAN | — | $2.02M | 3.43% |
| THE CIGNA GROUP | — | $2.00M | 3.41% |
| BROWN & BROWN | — | $2.00M | 3.40% |
| BOOZ ALLEN HAMILTON HLDG CL A | — | $1.98M | 3.37% |
| GENPACT LTD | — | $1.98M | 3.36% |
| GENERAL MILLS INC | — | $1.97M | 3.34% |
| MERCK & CO | — | $1.96M | 3.34% |
Portfolio moves
Nov 30, 2025 → Feb 28, 2026How many positions this fund opened, exited, grew, trimmed, or left unchanged between its two most recent N-PORT snapshots — net changes between point-in-time reports, not a trade log.
Similar funds
Funds whose portfolios most overlap this one, by weight| Fund | Overlap | Net exp. |
|---|---|---|
| Amplify Cash Flow Dividend Leaders ETF | 22% | 0.19% |
| Amplify COWS Covered Call ETF | 21% | 0.65% |
| Brown Advisory - Beutel Goodman Large-Cap Value Fund · BVALX, BIAVX | 18% | 0.55% |
Advisers
| Firm | Role |
|---|---|
| Penserra Capital Management LLC | Sub-adviser |
| Kingsview Wealth Management LLC | Adviser |
Footnotes
- Expense ratio as of June 25, 2025, from the fund's prospectus.
- Net assets and holdings count as of February 28, 2026, from the fund's N-PORT filing.
- Total return for calendar year 2025, before tax and after fund expenses. Computed by compounding the twelve monthly total returns the fund reported in its SEC N-PORT filings for 2025 (the latest prospectus does not yet chart this year).
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