Monarch Ambassador Income Index ETF
$23.43−0.25 (−1.04%)
- Expense ratio
- 1.15%
- Fund size
- $198M
- 1Y return
- +2.5%
- Yield · Last 12 months
- 2.70%
- Holdings
- 11
- Volume · 30D
- 0M sh
- NAV per share
- $23.66
- 52W range
The ETF.net MAMB Grade
Score 33 of 100 sits in the D band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.
Cost
What you pay to own it — the expense ratio plus trading frictions, ranked within its category.FScore 0Category rankMission
How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.BScore 66Category rankRisk
How violently it can move — volatility, drawdown depth, and downside capture versus its category.DScore 38Category rankTradability
How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.CScore 46Category rankHoldings
What it actually owns — the quality, breadth, and concentration of the underlying portfolio.DScore 25Category rankDurability
Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.CScore 44Category rank
Our read on MAMB
DA bond fund that goes its own way: MAMB replicates the proprietary Monarch Ambassador Income Index across US and global debt, pays quarterly, and charges well above the core-bond norm to do it.
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
- Rules first: at least 80% of assets sit in index constituents, held by straight replication rather than manager discretion.
- Income lands on a quarterly schedule, and the mandate reaches across both US and global bonds instead of one narrow sleeve.
- Trading since 2021, so there is a real multi-year live record to inspect, not a back-test.
Worth knowing
- Cost is the headline trade-off: 1.39% a year against a 0.36% median for aggregate-bond peers, and 0.03% at BND, SPAB and SCHZ.
- Thinly traded and small beside the core-bond giants, so the spread on the way in and out carries more weight here.
- No other fund tracks the Monarch Ambassador Income Index, leaving fewer outside reference points for judging the benchmark itself.
MAMB Holdings
- Bonds
- 11
- 100%
- MBB
Sectors
Geography
MAMB Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
Returns run to the Sep 22, 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.
| Period | MAMB |
|---|---|
| Year to date | +0.1% |
| 1 month | −1.2% |
| 3 months | −1.6% |
| 1 year | +2.5% |
| 3 years | +6.0% |
| 5 years | +0.2% |
| 10 years | — |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | MAMB |
|---|---|---|
| 2026 YTD | +0.1% | |
| 2025 | +10.7% | |
| 2024 | +1.3% | |
| 2023 | +4.9% | |
| 2022 | −13.0% | |
| 2021 | +1.4% |
MAMB in the news
ETF.net Research hasn’t filed on MAMB yet — coverage lands here as it’s written.
MAMB Dividends
- 2.70%
- $0.64
- $0.16 per share
- Quarterly
Distribution history
| Ex-date | Pay date | Amount per share |
|---|---|---|
| Jun 25, 2026 | Jun 30, 2026 | $0.16 |
| Mar 26, 2026 | Mar 31, 2026 | $0.09 |
| Dec 18, 2025 | Dec 23, 2025 | $0.23 |
| Sep 26, 2025 | Oct 1, 2025 | $0.15 |
| Jun 27, 2025 | Jul 2, 2025 | $0.12 |
| Mar 27, 2025 | Apr 1, 2025 | $0.09 |
| Dec 19, 2024 | Dec 24, 2024 | $0.19 |
| Sep 26, 2024 | Oct 1, 2024 | $0.12 |
| Jun 27, 2024 | Jul 2, 2024 | $0.10 |
| Mar 27, 2024 | Apr 2, 2024 | $0.06 |
| Dec 20, 2023 | Dec 27, 2023 | $0.17 |
| Sep 22, 2023 | Oct 2, 2023 | $0.08 |
MAMB Risk
- 6.4%
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.
- 0.17
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.
- −19.1%
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.
- 1.12
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
MAMB Cost
- The middle half of Global Aggregate Bond (Unhedged) funds
- Median 0.41%
Every other Global Aggregate Bond (Unhedged) fund charges less.