Filings Digest
Two Research Affiliates ETFs will charge more, and Anthropic funds are effective but not trading
Monarch ProCap ETF
$33.58+0.17 (+0.51%)
- 1.03%
- $253M
- +12.0%
- 1.80%
- 23.3K sh
- low $30.17high $33.50
The ETF.net MPRO Grade
C
Score 47 out of 100
- 29 of 46
Score 47 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.D27 out of 100Rank 33 of 46Mission
Whether the fund did what it promised, tested against its stated mandate.D35 out of 100Rank 22 of 27Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.A76 out of 100Rank 3 of 46Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.A79 out of 100Rank 3 of 46Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.D37 out of 100Rank 33 of 43Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.A78 out of 100Rank 6 of 46
Our read on MPRO
In short
CMPRO reads employment data to place the economy in one of four cycle phases, then rotates a 6-to-9 ETF portfolio across bonds, five stock sectors and a dash of gold. Rules-based macro allocation in one ticker, at 1.03% with no waiver.
Stated mandate
The Fund seeks to replicate, before fees and expenses, the performance of the Monarch ProCap Index. It uses a replication-indexing strategy to pursue that objective.
Why people hold it
Worth knowing
MPRO Holdings
- Other
- 7
- 100%
- AGG
Sectors
- Communication20.3%
- Health Care20.2%
- Technology11.8%
- Consumer Discretionary9.7%
- Consumer Staples9.7%
- Real Estate9.6%
- Financials9.3%
- Industrials9.3%
- Materials0.0%
Geography
- United States94.52%
- United Kingdom1.95%
- Ireland1.26%
- Switzerland0.45%
- Canada0.38%
- Netherlands0.35%
- Japan0.21%
- Mexico0.14%
- 0.73%
MPRO Performance
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.
MPRO$11,198
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.
| Period | MPRO |
|---|---|
| Year to date | +10.3% |
| 1 month | +6.3% |
| 3 months | +3.5% |
| 1 year | +12.0% |
| 3 years | +13.1% |
| 5 years | +5.9% |
| 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 | MPRO |
|---|---|---|
| 2026 YTD | +10.3% | |
| 2025 | +9.3% | |
| 2024 | +8.4% | |
| 2023 | +10.5% | |
| 2022 | −9.4% | |
| 2021 | +11.8% |
MPRO in the news
MPRO Dividends
- 1.80%
- $0.60
- $0.16 per share
- Quarterly
MPRO Risk
- 9.0%
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.
- 0.93
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.
- −14.5%
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.
- 0.87
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.
MPRO Cost
Overpaying vs ENDW, cheapest in Tactical Allocation
$14,615
On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.
MPRO 1.03%
$19,173
ENDW 0.22% Cheapest
$4,558
Cost over time
Year by year
| Year | MPRO | ENDW | Overpaying |
|---|---|---|---|
| 10 | $1,814 | $401 | $1,413 |
| 20 | $6,807 | $1,561 | $5,246 |
| 30 | $19,173 | $4,558 | $14,615 |
Other funds in Tactical Allocation
- CAHLTAhl Liquid Trend ETFExpense ratio 0.96%1 year return +21.0%
- CDALIFirst Trust Dorsey Wright DALI Equity ETFExpense ratio 0.91%1 year return −3.6%
- CTSPXTwin Oak Active Opportunities ETFExpense ratio 1.04%1 year return +10.7%
- CBITCBitwise Trendwise Bitcoin and Treasuries Rotation Strategy ETFExpense ratio 0.88%1 year return −4.6%
- CTHMRTHOR AdaptiveRisk Dynamic ETFExpense ratio 1.10%1 year return
