MBCC
Monarch Blue Chips Core ETF
MBCC tracks an equal-weighted index of companies selected from the S&P 500 Index that are perceived to be fundamentally sound.
Fund Basics
| Fund sponsor | Kingsview Partners LLC |
| Category | US Equities |
| Asset class | Equity |
| Website | link... |
| Inception date | Mar 23, 2021 |
| Assets (mns) | $40 |
| Expense ratio | 125 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Quarterly |
| Taxation | 1099 |
| Stock selection | Fundamental |
| Weighting | Equal |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | No |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
| NEXTERA ENERGY GROUP | 4.4 % |
| PEPSICO INC | 4.4 % |
| WALT DISNEY CO/THE | 4.4 % |
| BERKSHIRE HATHAWAY INC-CL B | 4.3 % |
| ELI LILLY & CO | 4.3 % |
| BOOKING HOLDINGS INC. | 4.3 % |
| EMERSON ELECTRIC CO | 4.3 % |
| GENERAL ELECTRIC COMPANY | 4.3 % |
| COCA-COLA CO/THE | 4.3 % |
| MCDONALD'S CORP | 4.2 % |
Constituent Breakdown
| Number of holdings | 24 |
| Herfindahl-Hirschman Index | 420 |
| Wgt avg mkt cap (mns) | $540,129 |
| Large cap (>$10bn) | 100.0% |
| Mid cap ($2-10bn) | 0.0% |
| Small cap (<$2bn) | 0.0% |
| Developed mkts. | 100.0% |
| Emerging mkts. | 0.0% |
Country Exposure
 |
UNITED STATES | 95.5 % |
 |
IRELAND | 4.2 % |
Historical Performance
Standardized Annual Returns (as of 08/31/2023)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. |
|---|---|---|---|---|---|---|
| 16.6% | 18.2% | -3.5% | -- | -- | -- | 4.0% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.97 | 93% |
| MSCI EAFE | 0.89 | 74% |
| MSCI Emg Mkts | 0.55 | 32% |
Liquidity Measures
| Avg. volume (000) | 6 |
| Turnover | 0.4% |
| Avg. Bid/Ask (% of price) | 0.10% |
| ADV of underlying (mns) | $69,214 |
Technical Indicators
| Recent close | $25.65 |
| 30d moving avg. | $27.13 |
| Annualized volatility | 20.9% |
| Relative strength (RSI) | 40 |
| Short interest (ETF) | 0.0% |
| Short interest (underlying) | 0.0% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
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Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. MBCC |
Expenses vs. MBCC |
ALTAR Score™ vs. MBCC |
|---|---|---|---|---|
| PWB | Invesco Dynamic Large Cap Growth ETF | 41.2% | -69 bp | 0.0% |
| USMC | Principal U.S. Mega-Cap Multi-Factor Index ETF | 36.7% | -113 bp | +1.6% |
| GGRW | Gabelli Growth Innovators ETF | 35.0% | -35 bp | -0.5% |
| BBLU | EA Bridgeway Blue Chip ETF | 34.0% | -110 bp | +2.5% |
| TECB | iShares US Tech Breakthrough Multisector ETF | 32.1% | -85 bp | +1.2% |
| XLG | Invesco S&P 500 Top 50 ETF | 31.9% | -105 bp | +1.4% |
| OEF | iShares S&P 100 ETF | 30.7% | -105 bp | +1.9% |
| PALC | Pacer Lunt Large Cap Multi-Factor Alternator ETF | 30.6% | -65 bp | +0.8% |
| GFGF | Guru Favorite Stocks ETF | 30.2% | -60 bp | +2.8% |
| LRGE | ClearBridge Large Cap Growth ESG ETF | 29.9% | -66 bp | -0.2% |
Risk and Returns: MBCC vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates
| 2017 | 2018 | 2019 | 2020 | 2021 | 2022E | 2023E | ||
|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Book value per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
EPS Revision Activity (6 mo. ago = 100%)
Compound Annual Growth Rates
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Valuation Metrics
| 2021 | 2022E | Fwd Est | 2023E | |
| Price-to-sales | --x | --x | --x | --x |
| Price-to-earnings | --x | --x | --x | --x |
| Price-to-cash flow | --x | --x | --x | --x |
| Price-to-growth | --x | --x | --x | --x |
| Price-to-book value | --x | --x | --x | --x |
| Yield | --% | --% | --x | --% |
Based on closing prices from 9/28/2023
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Price-to-Earnings
Price-to-Sales
Price-to-Book Value
Price-to-Cash Flow
Price-to-Growth
Dividend Yield
Historical Valuation Trends Sample data. Subscribe for access.
SHOWING:
Price-to-Earnings
Price-to-Earnings
MBCC
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
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ETF Research Center Fund Rating
Our measure of an ETF's overall investment merit
ALTAR Score™
MBCC
3.6%
Cat. Avg
6.4%
Fund Category: US Equities
| Avg. Return on Equity | --% |
| Divided by: Fwd. P/BV | --x |
| Less: Expenses | -- bp |
| Equals: ALTAR Score™ | 3.6% |
Recommendation
AVOID
Not worthwhile for most investors. A rating of AVOID is assigned to ETFs with ALTAR Scores in the lowest quintile (the bottom 20%) of their category. Often, funds in this category consist of stocks with little if any history or expectation of profitability, and as a result our fundamentally-driven analysis may be less relevant.
Category Overview
There are 898 funds in the US Equities category, with an average ALTAR Score™
of 6.4% and a standard deviation of
3.1%. MBCC's ALTAR Score™ is approximately
0.9 standard deviations
below
the category average. This places MBCC in the 18th percentile among funds in the category.
Consensus Recommendation
Sell-side recommendations on the ETF's individual constituents
Composite
MBCC
Peer Average
Recent Trends
SELL
U/W
HOLD
O/W
BUY
Recent Trends
Breakdown
Market Activity
| Latest price | |
| Change | |
| Volume | |
| Bid/Ask Spread | |
| Update |
Today's Trading
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Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| MBCC | 125.0 | 9.7 | 134.7 |
| Peer Avg. | -- | -- | -- |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .