MKAM ETF
Active ETF
MKAM
Price as of:
$28.16
- $0.21
- 0.75%
Primary Theme
N/A
fund company
N/A
Name
As of 09/06/2024Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
Vitals
YTD Return
7.0%
1 yr return
10.1%
3 Yr Avg Return
N/A
5 Yr Avg Return
N/A
Net Assets
$6.3 M
Holdings in Top 10
100.6%
52 WEEK LOW AND HIGH
$28.4
$25.34
$29.05
Expenses
OPERATING FEES
Expense Ratio 0.97%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover N/A
Redemption Fee N/A
Min Investment
Standard (Taxable)
N/A
IRA
N/A
Fund Classification
Fund Type
Exchange Traded Fund
Name
As of 09/06/2024Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
MKAM - Profile
Distributions
- YTD Total Return 7.0%
- 3 Yr Annualized Total Return N/A
- 5 Yr Annualized Total Return N/A
- Capital Gain Distribution Frequency N/A
- Net Income Ratio N/A
- Dividend Yield 2.0%
- Dividend Distribution Frequency Quarterly
Fund Details
-
Legal NameMKAM ETF
-
Fund Family NameN/A
-
Inception DateApr 12, 2023
-
Shares OutstandingN/A
-
Share ClassN/A
-
CurrencyUSD
-
Domiciled CountryUS
Fund Description
The Fund is an actively managed exchange-traded fund (“ETF”) that seeks to achieve its investment objective by investing in U.S. equity securities that generally mimic the performance of the S&P 500 Index while attempting to reduce volatility and mitigate drawdowns. The Fund’s exposure to U.S. equity securities can range from 0% to
100% but the Fund’s bias will be to participate in the stock market. When the Fund is not invested in U.S. equity securities it will typically invest in cash or cash equivalents, including United States Treasury Securities, money-market instruments, and money-market mutual funds (“Fixed-Income Investments”) which, at times, could represent 100% of the Fund’s portfolio. The Fund expects to obtain its desired exposure to these asset classes through direct investments or by investing in other ETFs or money-market funds that provide such exposure.
The Fund’s Sub-Adviser (MKAM ETF LLC) attempts to achieve the Fund’s investment objective by following an asset allocation strategy that enables the Sub-Adviser to periodically shift the assets of the Fund between U.S. equity securities and Fixed-Income Investments. The Fund’s allocation to these types of assets is determined by the Sub-Adviser’s proprietary stock market model (the “Model”), which focuses on two inputs: trends and valuation.
The Model is designed to identify a primary trend, or price direction, of stock and/or general market prices and assess the valuation of such securities and/or the market. Where the Model’s results suggest a rising markets trend and valuations are not considered excessive, the Fund’s portfolio will maintain a higher allocation to U.S. equities. Whereas, when the Model results suggest a falling markets trend and/or valuations are considered high, the Fund’s portfolio will be positioned to maintain a higher allocation to Fixed-Income Investments. At times the Model may identify a mixed market (i.e., some trends are positive, or the valuations are not exceedingly high) which will result in the Fund being partially invested in equity securities and partially invested in Fixed-Income Investments. The Fund’s asset allocations are dynamic and will change over time.
All investments in the portfolio are continually monitored, with the Fund’s portfolio being rebalanced when the Model’s allocation changes. It is expected that the Fund’s portfolio will be rebalanced monthly, but this may occur more or less frequently based on the Model’s asset allocation signals. On a daily basis, the Sub-Adviser’s Model determines trends and assesses valuation in the asset classes in which the Fund invests. The Model measures technical factors related to daily index price movements such as moving averages, relative strength and correlations to determine price trends in U.S. equities. Valuation will be assessed based on fundamental analysis. Fundamental analysis generally involves the review of a business’s financial statements, operational and management activities, competitive landscape, and markets. The Model produces specific buy and sell signals on the asset classes in which the Fund invests.
The Fund may buy index put options or sell index futures contracts, which can protect the Fund from a significant market drawdown. The value of an index put option generally increases as stock prices (and the value of the index) decrease and decreases as those stocks (and the index) increase in price. When the Fund sells an index futures contract it will be attempting to hedge against possible declines in the Fund’s equity portfolio. There is no assurance that the Fund’s use of these instruments will enable the Fund to achieve its investment objective.
The Fund is a “non-diversified” fund, which means it can invest in fewer securities at any one time than a diversified fund and can invest more of its assets in securities of a single issuer than a diversified fund. The Fund may invest a significant percentage of its assets in one or more ETFs.
MKAM - Performance
Return Ranking - Trailing
Period | MKAM Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 7.0% | N/A | N/A | N/A |
1 Yr | 10.1% | N/A | N/A | N/A |
3 Yr | N/A* | N/A | N/A | N/A |
5 Yr | N/A* | N/A | N/A | N/A |
10 Yr | N/A* | N/A | N/A | N/A |
* Annualized
Return Ranking - Calendar
Period | MKAM Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | N/A | N/A | N/A | N/A |
2022 | N/A | N/A | N/A | N/A |
2021 | N/A | N/A | N/A | N/A |
2020 | N/A | N/A | N/A | N/A |
2019 | N/A | N/A | N/A | N/A |
Total Return Ranking - Trailing
Period | MKAM Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 7.0% | N/A | N/A | N/A |
1 Yr | 10.1% | N/A | N/A | N/A |
3 Yr | N/A* | N/A | N/A | N/A |
5 Yr | N/A* | N/A | N/A | N/A |
10 Yr | N/A* | N/A | N/A | N/A |
* Annualized
Total Return Ranking - Calendar
Period | MKAM Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | N/A | N/A | N/A | N/A |
2022 | N/A | N/A | N/A | N/A |
2021 | N/A | N/A | N/A | N/A |
2020 | N/A | N/A | N/A | N/A |
2019 | N/A | N/A | N/A | N/A |
MKAM - Holdings
Concentration Analysis
MKAM | Category Low | Category High | MKAM % Rank | |
---|---|---|---|---|
Net Assets | 6.3 M | N/A | N/A | N/A |
Number of Holdings | 7 | N/A | N/A | N/A |
Net Assets in Top 10 | 6.85 M | N/A | N/A | N/A |
Weighting of Top 10 | 100.55% | N/A | N/A | N/A |
Top 10 Holdings
- iShares Core SP 500 ETF 55.01%
- United States Treasury Bill 30.48%
- United States Treasury Bill 8.18%
- United States Treasury Note/Bond 4.00%
- United States Treasury Bill 1.60%
- United States Treasury Bill 0.72%
- First American Government Obligations Fund 0.56%
Asset Allocation
Weighting | Return Low | Return High | MKAM % Rank | |
---|---|---|---|---|
Stocks | 55.01% | N/A | N/A | N/A |
Cash | 41.54% | N/A | N/A | N/A |
Bonds | 4.00% | N/A | N/A | N/A |
Preferred Stocks | 0.00% | N/A | N/A | N/A |
Other | 0.00% | N/A | N/A | N/A |
Convertible Bonds | 0.00% | N/A | N/A | N/A |
Stock Sector Breakdown
Weighting | Return Low | Return High | MKAM % Rank | |
---|---|---|---|---|
Utilities | 0.00% | N/A | N/A | N/A |
Technology | 0.00% | N/A | N/A | N/A |
Real Estate | 0.00% | N/A | N/A | N/A |
Industrials | 0.00% | N/A | N/A | N/A |
Healthcare | 0.00% | N/A | N/A | N/A |
Financial Services | 0.00% | N/A | N/A | N/A |
Energy | 0.00% | N/A | N/A | N/A |
Communication Services | 0.00% | N/A | N/A | N/A |
Consumer Defense | 0.00% | N/A | N/A | N/A |
Consumer Cyclical | 0.00% | N/A | N/A | N/A |
Basic Materials | 0.00% | N/A | N/A | N/A |
Stock Geographic Breakdown
Weighting | Return Low | Return High | MKAM % Rank | |
---|---|---|---|---|
US | 55.01% | N/A | N/A | N/A |
Non US | 0.00% | N/A | N/A | N/A |
Bond Sector Breakdown
Weighting | Return Low | Return High | MKAM % Rank | |
---|---|---|---|---|
Cash & Equivalents | 41.54% | N/A | N/A | N/A |
Derivative | 0.00% | N/A | N/A | N/A |
Securitized | 0.00% | N/A | N/A | N/A |
Corporate | 0.00% | N/A | N/A | N/A |
Municipal | 0.00% | N/A | N/A | N/A |
Government | 0.00% | N/A | N/A | N/A |
Bond Geographic Breakdown
Weighting | Return Low | Return High | MKAM % Rank | |
---|---|---|---|---|
US | 4.00% | N/A | N/A | N/A |
Non US | 0.00% | N/A | N/A | N/A |
MKAM - Expenses
Operational Fees
MKAM Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 0.97% | N/A | N/A | N/A |
Management Fee | 0.94% | N/A | N/A | N/A |
12b-1 Fee | N/A | N/A | N/A | N/A |
Administrative Fee | N/A | N/A | N/A | N/A |
Sales Fees
MKAM Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | N/A | N/A | N/A | N/A |
Deferred Load | N/A | N/A | N/A | N/A |
Trading Fees
MKAM Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | N/A | N/A | N/A | N/A |
Related Fees
Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.
MKAM Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | N/A | N/A | N/A | N/A |
MKAM - Distributions
Dividend Yield Analysis
MKAM | Category Low | Category High | MKAM % Rank | |
---|---|---|---|---|
Dividend Yield | 2.00% | N/A | N/A | N/A |
Dividend Distribution Analysis
MKAM | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Quarterly |
Net Income Ratio Analysis
MKAM | Category Low | Category High | MKAM % Rank | |
---|---|---|---|---|
Net Income Ratio | N/A | N/A | N/A | N/A |
Capital Gain Distribution Analysis
MKAM | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency |
Distributions History
Date | Amount | Type |
---|---|---|
Jun 27, 2024 | $0.142 | OrdinaryDividend |
Mar 26, 2024 | $0.097 | OrdinaryDividend |
Dec 20, 2023 | $0.267 | OrdinaryDividend |
Sep 27, 2023 | $0.086 | OrdinaryDividend |
Jun 28, 2023 | $0.099 | OrdinaryDividend |