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Launched

MKAM ETF

MKAMNasdaqC

$32.53+0.03 (+0.08%)

At close: Oct 13, 2026, 4:00 PM

C54/ 100

Rank 25 of 46 in Tactical Allocation

C54/100Rank 25 of 46inTactical Allocation
Intraday session: up, 62 prints from 32.50 to 32.53. Range 32.48 to 32.57. Use the arrow keys to read each point.32.4832.5432.5610 AM12 PM2 PM4 PM
Expense ratio
0.55%
Fund size
$14M
1Y total return
+10.7%
Yield · Last 12 months
2.57%
Holdings
3
Avg volume · 30D
0M sh
NAV per share
$32.53
52W range
low $29.78high $32.56
Launched

The ETF.net MKAM Grade

C

Score 54 out of 100

Category
Tactical Allocation⁠
Rank
25 of 46
Six-pillar profile for MKAM. Scores out of 100: Cost 76, Risk 83, Mission 40, Tradability 27, Holdings 37, Durability 36. Strongest: Risk (83). Weakest: Tradability (27). Leans toward Risk.

Score 54 of 100 falls in the C 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.
    A76 out of 100
    Rank 12 of 46

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    C40 out of 100
    Rank 20 of 27

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    A83 out of 100
    Rank 1 of 46

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    D27 out of 100
    Rank 39 of 46

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    D37 out of 100
    Rank 36 of 43

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    D36 out of 100
    Rank 36 of 46

Our read on MKAM

ETF.net Research

CAn active US stock fund with a defensive brief: capture most of the equity market's return while carrying less volatility and less downside than other equity investments. Measured against the S&P 500, priced below the typical active peer, and small since its 2023 launch.

Stated mandate

The Fund seeks to capture most equity-market returns while taking less volatility and downside risk than other equity investments.

Why people hold it

  1. 010.53% a year undercuts the typical active US equity fund in its group, and much of the S&P 500-benchmarked active crowd (XLSR at 0.70%, JHDG at 0.81%) charges more.
  2. 02The portfolio matches the mandate on paper: US equities, run against the S&P 500 for lower volatility rather than index replication.
  3. 03Risk behavior screens calmer than most active US equity funds, which is the whole point of the stated objective.
  4. 04Standard 1940 Act ETF plumbing, US-only exposure, and a quarterly distribution schedule. No derivatives-heavy wrapper to decode.

Worth knowing

  1. 01It trades thinly. Limit orders and a look at the spread matter more here than with the mega-cap index names.
  2. 02Launched in 2023 with a small asset base, so the live record is short and the scale is nowhere near the category's giants.
  3. 03If price is your deciding lens, active funds pointed at the same benchmark go lower: PEPS at 0.10%, FELC at 0.18%, PQUS at 0.22%.

MKAM Holdings

As of Oct 13, 2026
Asset class
Other
Holdings
3
Top-10 weight
100%
Largest holding
IVV52.7%

Sectors

  • Technology40.1%
  • Financials11.3%
  • Communication9.9%
  • Health Care9.4%
  • Consumer Discretionary8.7%
  • Industrials7.6%
  • Consumer Staples4.4%
  • Energy3.4%
  • Utilities1.9%
  • Real Estate1.7%
  • Materials1.6%

Geography

  • United States100.00%
The fund’s holdings, weight-ordered — page 1 of 1.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001IVViShares Core S&P 500 ETF52.74%9,223$7M57
002SGOViShares 0-3 Month Treasury Bond ETF46.67%63,433$6M11
003—First American Government Obligations Fund 12/01/20310.59%82,673$80K529

Showing 1–3 of 3 holdings

MKAM Performance

Launched Apr 11, 2023

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.Not enough history yet.
MKAM$11,072
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$12,044
Oct 10, 2025 to Oct 12, 2026. MKAM $11,072. SPY $12,044. Use the arrow keys to read each point.$9,582$10,912$12,243Oct 2025Apr 2026Oct 2026

Oct 10, 2025 – Oct 12, 2026

Returns run to the Oct 12, 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 MKAM. Periods over one year show the average yearly return.
PeriodMKAM
Year to date+7.6%
1 month+1.2%
3 months+2.1%
1 year+10.7%
3 yearsper year+10.8%
5 yearsFund is under 5 years oldper year—
10 yearsFund is under 10 years oldper year—

As of the close, 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 MKAM
YearReturn barMKAM
2026 YTD+7.6%
2025+8.1%
2024+12.1%
2023+8.2%

History from Apr 12, 2023

MKAM in the news

Filtered to MKAM · Tactical Allocation

MKAM 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 12, 2026.
2.57%Last 12 months
Payout per share
$0.84Last 12 months
Last payment
$0.15 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Quarterly

Distribution history

2023–2026

One bar per payment. 14 payments from 2023 to 2026 YTD. Jun 28, 2023 $0.10; Sep 27, 2023 $0.09; Dec 20, 2023 $0.27; Mar 26, 2024 $0.10; Jun 27, 2024 $0.14; Sep 27, 2024 $0.09; Dec 30, 2024 $0.22; Mar 28, 2025 $0.08; Jun 27, 2025 $0.23; Sep 29, 2025 $0.16; Dec 30, 2025 $0.31; Mar 30, 2026 $0.23; Jun 29, 2026 $0.15; Sep 28, 2026 $0.15. Use the arrow keys to read each point.2023202420252026YTD
Ex-datePay dateAmount per share
Sep 28, 2026Sep 30, 2026$0.15
Jun 29, 2026Jun 30, 2026$0.15
Mar 30, 2026Mar 31, 2026$0.23
Dec 30, 2025Dec 31, 2025$0.31
Sep 29, 2025Sep 30, 2025$0.16
Jun 27, 2025Jun 30, 2025$0.23
Mar 28, 2025Mar 31, 2025$0.08
Dec 30, 2024Dec 31, 2024$0.22
Sep 27, 2024Sep 30, 2024$0.09
Jun 27, 2024Jun 28, 2024$0.14
Mar 26, 2024Mar 28, 2024$0.10
Dec 20, 2023Dec 22, 2023$0.27

MKAM Risk

How much the fund’s monthly returns vary, scaled to a year.
5.4%
Annualised · 36 months to Sep 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.
1.07
vs 3-month T-bills · to Sep 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.
−5.0%
42 months · trough Apr 2025
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.
0.46
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.

MKAM Cost

Expense ratio0.55%
  • The middle half of Tactical Allocation funds
  • Median 0.91%

11 of the 46 Tactical Allocation funds charge less.

MKAM costs $55.00 a year on $10,000. The median Tactical Allocation fund costs $90.50.

Other funds in Tactical Allocation

See others