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Launched · SEC filings

Monarch Ambassador Income Index ETF

MAMBCboeMonarchD

$23.48+0.06 (+0.26%)

As of Nov 2, 2026, 3:59 PM ET

D34/ 100

Rank 29 of 29 in Global Aggregate Bond (Unhedged)

D34/100Rank 29 of 29inGlobal Aggregate Bond (Unhedged)
Intraday session: up, 78 prints from 23.42 to 23.48. Range 23.45 to 23.54. Use the arrow keys to read each point.23.4523.5023.5210 AM12 PM2 PM4 PM
Expense ratio
1.15%
Fund size
$199M
1Y total return
+0.2%
Yield · Last 12 months
2.77%
Holdings
10
Avg volume · 30D
30.9K sh
52W range
low $22.79high $24.83
Launched
Filings
SEC EDGAR

The ETF.net MAMB Grade

D

Score 34 out of 100

Category
Global Aggregate Bond (Unhedged)⁠
Rank
29 of 29
Six-pillar profile for MAMB. Scores out of 100: Cost 0, Risk 37, Mission 70, Tradability 49, Holdings 24, Durability 43. Strongest: Mission (70). Weakest: Cost (0). Leans toward Mission.

Score 34 of 100 falls in the D band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.

  • Cost

    The fund’s net expense ratio, ranked against its category.
    F0 out of 100
    Rank 29 of 29

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    A70 out of 100
    Rank 18 of 27

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    D37 out of 100
    Rank 21 of 29

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    C49 out of 100
    Rank 15 of 29

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    F24 out of 100
    Rank 25 of 29

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    C43 out of 100
    Rank 22 of 29

Our read on MAMB

ETF.net Research

In short

DMost global bond funds buy bonds and sit still. MAMB tracks an index that reads employment data, sorts the economy into cycle phases, and reshuffles about a dozen bond ETFs monthly. A macro overlay in index clothing.

Stated mandate

The Fund seeks to replicate, before fees and expenses, the performance of the Monarch Ambassador Income Index. It invests at least 80% of assets in Index constituents and uses a replication-indexing strategy.

Why people hold it

  • A rules-based index reads employment data to judge the economic phase, then tilts among treasuries, munis, mortgages, high yield and convertibles. It refreshes monthly.sec.govsec.gov 2
  • One ticker holds roughly a dozen bond ETFs, plus room for up to 12.5% in an alternative sleeve that can reach currency or commodity ETFs.sec.gov
  • Live since 2021, physically replicating its index rather than using swaps, in a standard 1940 Act ETF wrapper that pays quarterly.

Worth knowing

  • Fee is 1.15% with no waiver, above the category median; index peers like BNDW (0.05%) and DFGP (0.22% net of a waiver through February 28, 2027) cost far less.
  • It owns other ETFs, so those funds' own expenses sit underneath this fund's own fee.sec.gov
  • Shares change hands lightly for the category, so spreads can be wider and limit orders earn their keep.

MAMB Performance

Launched Mar 23, 2021

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

Not enough history yet.
MAMB$10,023
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,199
Oct 31, 2025 to Oct 30, 2026. MAMB $10,023. SPY $11,199. Use the arrow keys to read each point.$10,000$11,000Oct 2025Apr 2026Oct 2026

Oct 31, 2025 – Oct 30, 2026

Returns run to the Oct 30, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.

Trailing total return for MAMB. Periods over one year show the average yearly return.
PeriodMAMB
Year to date−0.3%
1 month+2.0%
3 months+0.1%
1 year+0.2%
3 yearsper year+6.8%
5 yearsper year+0.3%
10 yearsFund is under 10 years oldper yearNo data

With distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for MAMB
YearReturn barMAMB
2026 YTD−0.3%
2025+10.7%
2024+1.3%
2023+4.9%
2022−13.0%
2021+1.4%

History from Mar 24, 2021

MAMB in the news

MAMB Dividends

Adds up every distribution paid per share over the last 12 months, divided by the last completed close. Distributions are counted by ex-date. Data through Oct 30, 2026.
2.77%Last 12 months
Payout per share
$0.65Last 12 months
Last payment
$0.16 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Quarterly

Distribution history

2021–2026

One bar per payment. 22 payments from 2021 to 2026 YTD. Jun 25, 2021 $0.03; Sep 24, 2021 $0.03; Dec 20, 2021 $0.08; Mar 25, 2022 $0.0067; Jun 24, 2022 $0.04; Sep 23, 2022 $0.04; Dec 20, 2022 $0.11; Mar 24, 2023 $0.06; Jun 23, 2023 $0.08; Sep 22, 2023 $0.08; Dec 20, 2023 $0.17; Mar 27, 2024 $0.06; Jun 27, 2024 $0.10; Sep 26, 2024 $0.12; Dec 19, 2024 $0.19; Mar 27, 2025 $0.09; Jun 27, 2025 $0.12; Sep 26, 2025 $0.15; Dec 18, 2025 $0.23; Mar 26, 2026 $0.09; Jun 25, 2026 $0.16; Sep 24, 2026 $0.16. Use the arrow keys to read each point.202120222023202420252026YTD
Ex-datePay dateAmount per share
Sep 24, 2026Sep 29, 2026$0.16
Jun 25, 2026Jun 30, 2026$0.16
Mar 26, 2026Mar 31, 2026$0.09
Dec 18, 2025Dec 23, 2025$0.23
Sep 26, 2025Oct 1, 2025$0.15
Jun 27, 2025Jul 2, 2025$0.12
Mar 27, 2025Apr 1, 2025$0.09
Dec 19, 2024Dec 24, 2024$0.19
Sep 26, 2024Oct 1, 2024$0.12
Jun 27, 2024Jul 2, 2024$0.10
Mar 27, 2024Apr 2, 2024$0.06
Dec 20, 2023Dec 27, 2023$0.17

See all 22 payments⁠

$10,000 in MAMB 5 years ago paid $836 in dividends.⁠

MAMB Risk

Risk pillarD37 out of 100Rank 21 of 29 in Global Aggregate Bond (Unhedged)
How much the fund’s monthly returns vary, scaled to a year.
6.3%
Annualised · 36 months to Oct 2026
How it’s calculated: standard deviation

The sample standard deviation of monthly total returns, multiplied by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.

Return above 3-month US Treasury bills per unit of volatility.
0.37
vs 3-month T-bills · to Oct 2026
How it’s calculated: Sharpe ratio

Subtract each month’s Treasury-bill return from the fund’s monthly total return.

Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.

The largest fall from a peak to the low that followed.
−19.1%
Trough Oct 2022
How it’s calculated: maximum drawdown

The largest percentage decline from an earlier peak, using total returns with reinvested distributions.

Uses up to five years through the last close, with at least 12 months required.

How strongly the fund’s returns move with its asset-class index.
1.12
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

FMP measures it over up to five years of monthly returns.

MAMB Cost

Compare MAMB and BNDW

Overpaying vs BNDW, cheapest in Global Aggregate Bond (Unhedged)

$20,017

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • MAMB 1.15%

    $21,077

  • BNDW 0.05% Cheapest

    $1,060

$10,000
30 years

Cost over time

  • MAMB 1.15%
  • BNDW 0.05%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K$20K$25K051015202530MAMB $21,077BNDW $1,060

Year by year

YearMAMBBNDWOverpaying
10$2,015$92$1,923
20$7,521$360$7,161
30$21,077$1,060$20,017

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