Investment objective & strategy
As of June 25, 2025 · prospectusObjective. The Monarch Volume Factor Global Unconstrained Index ETF (the ?Fund?) seeks to replicate investment results that generally correspond, before fees and expenses, to the performance of the Monarch Volume Factor Global Unconstrained Index (the ?Index?).
Strategy. The Fund is a fund of funds that invests at least 80% of its total assets in the constituents of the Index. The Index uses a proprietary ?Volume Factor? methodology to identify specific areas of the market with positive cash flow. The Index consists of up to 25 equally-weighted equity ETFs that demonstrate positive cash flow. When the cash flow trends are negative, a portion or all of the Index consists of one or more treasury ETFs. Kingsview Wealth Management LLC (the ?Adviser?) is the Index provider. The Index follows a proprietary rules-based methodology that screens the universe of U.S. listed equity ETFs with global exposure (including emerging markets) to select those funds that (i) use no leverage, (ii) are … The Fund is a fund of funds that invests at least 80% of its total assets in the constituents of the Index. The Index uses a proprietary ?Volume Factor? methodology to identify specific areas of the market with positive cash flow. The Index consists of up to 25 equally-weighted equity ETFs that demonstrate positive cash flow. When the cash flow trends are negative, a portion or all of the Index consists of one or more treasury ETFs. Kingsview Wealth Management LLC (the ?Adviser?) is the Index provider. The Index follows a proprietary rules-based methodology that screens the universe of U.S. listed equity ETFs with global exposure (including emerging markets) to select those funds that (i) use no leverage, (ii) are not inverse funds, (iii) have assets under management of at least $50 million and (iv) have over two years of trading history. The Adviser then applies its proprietary ?Volume Factor? ranking methodology to identify the areas of the market with positive cash flow. When cash flow trends are positive, the Index consists of ETFs that provide exposure to the areas and sectors of the market that are drawing the strongest cash flows. 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 was not allocated more than 25% to any one individual sector. When cash flow trends are negative, as measured by trends in large-capitalization stocks and how many stocks are participating in a market decline, the Index consists of treasury ETFs. 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 |
|---|---|---|---|
| Columbia EM Core ex-China ETF | XCEM | $6.49M | 4.38% |
| JOHN HANCOCK MULTIFACTOR EMERG JOHN HANCOCK MULTI EM MRK ET | JHEM US | $6.29M | 4.25% |
| VANGUARD-FTSE AW | VSS | $6.17M | 4.17% |
| FIRST TRUST DW FOCUS 5 IN | — | $6.15M | 4.16% |
| FMR-INTL VAL FCT | — | $6.14M | 4.15% |
| Flexshares Trust INTL QLTDV IDX | IQDF | $6.13M | 4.14% |
| SPDR MSCI ACWI EX-US MUTUAL FUND | — | $6.09M | 4.12% |
| Vanguard S&P Mid-Cap 400 Growth ETF | — | $6.06M | 4.10% |
| iShares Currency Hedged MSCI ACWI ex U.S. ETF | HAWX | $6.06M | 4.10% |
| Xtrackers Russell 1000 Comprehensive Factor ETF | DEUS | $6.03M | 4.08% |
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. |
|---|---|---|
| LVIP Vanguard Domestic Equity ETF Fund | 6% | 0.32% |
| Aristotle Portfolio Optimization Aggressive Growth Fund · POCEX, POEAX, POEDX | 6% | 0.87% |
| Aristotle Portfolio Optimization Growth Fund · PODCX, PODAX, PMADX | 5% | 0.86% |
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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