Monarch Volume Factor Global Unconstrained Index ETF (MVFG) holdings & weights
Per-holding contribution · concentration · sector skew — a deep read
Fund overview
This is a US-listed ETF from Monarch. It tracks the Monarch Volume Factor Global Unconstrained Index. Key facts — expense ratio 1.41%; net assets about $184M; inception Mar 6, 2024. Its 1-year return is +9.62%.
Fund details
Fund overview
This is a US-listed ETF from Monarch. It tracks the Monarch Volume Factor Global Unconstrained Index. Key facts — expense ratio 1.41%; net assets about $184M; inception Mar 6, 2024. Its 1-year return is +9.62%.
25 identified stocks · net exposure / NAV 99.86%. Display weights are normalized to 100%; calculations retain original exposures without an additional leverage multiplier. Cash and unallocated contracts are excluded from stock attribution.
Weight and calculation basis
25 identified stocks · net exposure / NAV 99.86%. Display weights are normalized to 100%; calculations retain original exposures without an additional leverage multiplier. Cash and unallocated contracts are excluded from stock attribution.
We have this ETF's holdings, but the prices for those particular listings are outside our quote coverage (currently Korea- and US-listed securities). So today's contribution and return are not computed — showing 0% would claim it did not move, which is a different statement. The holdings and weights below follow the calculation basis above.
Today's summary
Its top 10 holdings make up about 40.4% of the fund. The concentration index (HHI) is 400 — Low — evenly diversified, and the largest sector is Unclassified (100%). The higher the concentration, the more one stock or sector drives the whole ETF's return.
Structural health
A five-axis read on how this fund is built. It is not a return forecast or a recommendation, and a low score does not mean a bad fund — leveraged products score low by design. Each axis shows the figure behind it.
Concentration is below 1,500 (400), so no single holding dominates.
Unclassified alone is 100%. This is effectively a bet on that one industry — if the sector falls, diversification will not help.
1.41% a year is on the high side — about 14.1% over a decade, so it needs a reason to earn that.
Net assets of $184M — liquid enough to trade, and unlikely to be wound down.
A plain 1x physical fund holding the shares themselves — no structural drift from how long you hold it.
Concentration and diversification
Structural health
A five-axis read on how this fund is built. It is not a return forecast or a recommendation, and a low score does not mean a bad fund — leveraged products score low by design. Each axis shows the figure behind it.
Concentration is below 1,500 (400), so no single holding dominates.
Unclassified alone is 100%. This is effectively a bet on that one industry — if the sector falls, diversification will not help.
1.41% a year is on the high side — about 14.1% over a decade, so it needs a reason to earn that.
Net assets of $184M — liquid enough to trade, and unlikely to be wound down.
A plain 1x physical fund holding the shares themselves — no structural drift from how long you hold it.
Top 20 holdings
Weights are normalized to 100% of absolute exposures across analysed positions, including positions outside this top list. Cash, collateral and unverified assets are excluded. Contributions retain original signed NAV exposures; leverage is not applied twice.
Normalized to 100% of analysed positions
Weights are normalized to 100% of absolute exposures across analysed positions, including positions outside this top list. Cash, collateral and unverified assets are excluded. Contributions retain original signed NAV exposures; leverage is not applied twice.
| # | Holding | Weight |
|---|---|---|
| 1 | ProShares S&P 500 Ex-Technology ETFSPXT | 4.08% |
| 2 | iShares Morningstar Value ETFILCV | 4.07% |
| 3 | State Street SPDR S&P Dividend ETFSDY | 4.05% |
| 4 | Schwab Fundamental U.S. Large ETFFNDX | 4.05% |
| 5 | Invesco S&P 500 Pure Value ETFRPV | 4.04% |
| 6 | Vanguard Morningstar Mid-Cap ETFVO | 4.04% |
| 7 | Fidelity Quality Factor ETFFQAL | 4.04% |
| 8 | VictoryShares Dividend Accelerator ETFVSDA | 4.04% |
| 9 | Xtrackers Russell US Multifactor ETFDEUS | 4.03% |
| 10 | iShares MSCI USA Quality Factor ETFQUAL | 4.03% |
| 11 | State Street SPDR Portfolio S&P 500 High Dividend ETFSPYD | 4.03% |
| 12 | State Street SPDR S&P 500 Fossil Fuel Reserves Free ETFSPYX | 4.02% |
| 13 | Northern Trust Morningstar US Market Factor Tilt ETFTILT | 4.01% |
| 14 | First Trust Mid Cap Value AlphaDEX FundFNK | 4.00% |
| 15 | Schwab U.S. Large-Cap Growth ETFSCHG | 3.99% |
| 16 | ALPS Sector Dividend Dogs ETFSDOG | 3.99% |
| 17 | Vanguard Morningstar Mega Cap Growth ETFMGK | 3.98% |
| 18 | ProShares S&P MidCap 400 Dividend Aristocrats ETFREGL | 3.96% |
| 19 | State Street SPDR S&P Global Dividend ETFWDIV | 3.96% |
| 20 | Invesco S&P Midcap 400 Pure Value ETFRFV | 3.96% |
Holdings below 0.5% or outside the top list are folded into “Others” and omitted above.
Where the weight sits — sector mix
Listed equity weights summed by sector and normalized to 100%. Each band is one sector's share.
HHI sums the squared weights. The more it leans on a few names, the higher it goes — and the more the whole ETF moves with them.
How concentrated is it
Concentration (HHI) is low at 400, with the top 10 holdings at just 40.4% of equity weight. No single name can dominate the fund.
Good for damping single-stock risk — and equally, a big winner inside gets diluted.
HHI squares each weight and sums them: 10,000 means one stock is everything, and the more evenly spread the holdings, the closer it falls to zero.
Where the sector weight sits
By sector, Unclassified alone is 100% — whatever the fund is called, this is a bet on that industry.
Bad news for the sector moves the whole fund. Worth checking against anything else you hold in the same space.
Weights above sum the individually listed equities and normalize that equity total to 100%.
How much it overlaps others
Even its closest peer, WLTG, overlaps only 8% (2 shared names).
Funds filed under the same label can hold quite different companies, so pairing this one with another may genuinely spread risk.
What it is made of
The fund holds 26 positions in total; this page lists the largest 25 and folds the rest into "Others".
The expense ratio is 1.41% a year, which is not cheap. Fees come out of returns every year you hold, so it is worth checking whether the same index is available for less.
This page is not investment advice. Investment decisions and responsibility are your own.
MVFG comments
Leave a one-line take on Monarch Volume Factor Global Unconstrained Index ETF. No account — just a nickname and a code to delete it later.
Loading…
Similar ETFs
Picked by how much their actual holdings overlap. The higher the overlap, the less diversification you get from owning both.