Monarch Blue Chips Core ETF (MBCC)
Monarch Blue Chips Core ETF operates in the Asset Management industry of the Financial Services sector, headquartered in Wheaton, IL, US. The stock last traded at $39.75, up 0.00% on the session, giving a market capitalisation of $123.3M. Its beta of 1.00 implies it has historically moved less than the broad market.
MBCC targets blue chips or those established and well-recognized companies with sound fundamentals. To pursue this objective, the fund starts with S&P 500 index of market-cap-weighted US large-cap companies across various industry groups. However, instead of holding all the S&P 500 securities, the fund narrows down its selection using a proprietary rules-based methodology that scores each company based on fundamental data such as revenue, revenue growth, debt ratio, net income, net income growth, and profitability. MBCC typically holds a concentrated portfolio of approximately 24 companies that exhibit the highest fundamental rankings. As a result, a significant portion of the portfolio can be held in one or more sectors. Selected securities are equally-weighted and rebalanced typically the first Monday of each month. Prior to March 4, 2024, the fund traded under the name Monarch Blue Chips Core ETF.
Monarch Blue Chips Core ETF is most often compared with the following Financial Services names: