MBCE vs VONV

MBCEFMonarch Blue Chips Elite Index ETF

VONVAVanguard Russell 1000 Value ETF

In short

MBCE Monarch screens the S&P 500 down to the blue chips its own in-house index rates highest on growth and profitability. A focused, rules-based cut of large-cap America, priced at 1.01% a year with no fee waiver, above the category median.

VONV The plain-vanilla value trade, done cheap: about 900 large US value stocks, full replication of the Russell 1000 Value Index, 0.06% a year. No factor cocktail, no premium price tag, and one of the strongest implementations in its factor peer group.

Stated mandate

MBCE The Fund seeks to track, before fees and expenses, the performance of the Monarch Blue Chips Elite Index.

VONV The fund seeks to track the Russell 1000 Value Index, representing large-capitalization value stocks in the United States. It uses passive indexing and full replication to remain closely aligned with that benchmark.

Why people hold it

• MBCE Rules first: the index starts from established S&P 500 names and keeps the ones showing growth and profitability strength, so a published screen sets the portfolio, not a manager's mood.monarchfunds.com
• One house, one playbook. Kingsview, the fund's adviser, is also the index provider, so the methodology is built in-house rather than licensed from an outside shop.monarchfunds.com
• Plain-vanilla plumbing: a 1940 Act US stock fund trading since 2021, paying shareholders quarterly. No leverage, no options overlay, no offshore wrapper.

• VONV 0.06% a year, a fraction of the typical fee among factor ETFs. On a rules-based value index there is little room for cleverness, so cost does most of the work.vanguard.com
• Full replication, not sampling: it owns the index's roughly 900 names and has stayed tightly aligned with the Russell 1000 Value benchmark since launching in 2010.
• Same Russell benchmark as pricier rivals for less: the Goldman MarketBeta version (GVUS) charges 0.12% to track the identical value index.
• A multi-billion-dollar fund that trades actively, among the easiest in its group to get in and out of, and it distributes quarterly.

Worth knowing

• MBCE Cost is the big trade-off: 1.01% a year, no waiver, above the category median. Multifactor peers VYM and ILCV charge 0.04%, LRGF 0.08%, all unwaived.
• Thinly traded and small next to the giants of its group, so spreads and premiums to NAV can matter more at the moment you trade.
• Effective June 3, 2026, the benchmark moved from the Monarch Blue Chips Core Index to the Blue Chips Elite Index, so earlier history reflects a different index.monarchfunds.com

• VONV One screen, one style. Value only, with no quality or momentum overlay, so the ride follows the value side of the market wherever it goes.vanguard.com
• This is the entire value bucket, not a best-ideas portfolio. About 900 holdings means results hug the large-cap value category rather than stray from it.
• Cheaper exists nearby: Vanguard's VYM charges 0.04%, but it screens for dividend yield, a different portfolio than a Russell value index.

Full MBCE profile⁠

Full VONV profile⁠