MPRO

Issuer

Monarch

Inception

2021-03-23

Exchange

CBOE

CUSIP

66538H245

Structure

—

Benchmark

—

Leverage

1x

Reset

—

MPRO is a fund-of-funds that invests in various asset classes with global exposure. The index includes equity, fixed income ETFs (90%) and alternatives (10%) through commodity and currency ETFs. Asset allocation is determined by the current phase of the economic cycle and its relative strength. Based on the determined allocation, the Adviser selects 6-9 ETFs for the fund portfolio. The equity ETFs are usually spread equally between five GICS sectors that have performed well previously during the given market cycle. While fixed income ETFs may have varying credit qualities and maturities. The allocation to either equities or fixed income will be no less 15% and no more than 75% of the portfolio. The Adviser also considers IPOs, M&As, bankruptcies, suspensions, de-listing, tender offers, and spin-offs in its fundamental and quant analysis. The index undergoes a monthly rebalance. Prior to March 4, 2024, the fund traded under the name Monarch ProCap ETF.

Reported net asset value

$32.93

NAV provider updated

2026-10-30 UTC

Premium / discount

—

Median spread · 30D

—

Average volume · 30D

21K

Shares outstanding

—

Options

—

TTM distribution yield

1.8%

30-day SEC yield

—

Frequency

—

Latest ex-date

2026-09-24

Distribution yield and SEC yield use different methodologies. Payouts may include income, capital gains, or return of capital.

Net expense ratio

1.03%

Gross expense ratio

—

Management fee

—

Annual cost per $10,000

$103.00

Estimated annual expense excludes trading costs and assumes constant assets. Fee waivers and fund costs can change.

Our risk indicator

4/5 · rule-based

Annualized volatility · 1Y

7.12%

Beta vs VOO · 1Y

—

Maximum drawdown · 1Y

▼ −5.7%

Historical risk measures describe past behavior and do not predict future returns.