MAMB
Monarch Ambassador Income Index ETF
📎 Investment Objective
The Monarch Ambassador Income Index ETF (MAMB) seeks to provide investment results that, before fees and expenses, correspond generally to the performance of the Monarch Ambassador Income Index.
Overview
ETF tracking Monarch Ambassador Income Index ETF
Performance
Price Chart
Investment Summary
📎 Investment Objective
The Monarch Ambassador Income Index ETF (MAMB) seeks to provide investment results that, before fees and expenses, correspond generally to the performance of the Monarch Ambassador Income Index.
🎯 Investment Strategy
The ETF employs a passive management (or index-tracking) strategy designed to track the performance of the Monarch Ambassador Income Index. The index is composed of fixed income securities that are intended to provide current income.
✨ Key Features
- Tracks the Monarch Ambassador Income Index, which is designed to provide current income
- Invests in a diversified portfolio of fixed income securities
- Passively managed to replicate the index performance
- Low expense ratio of 0.00%
⚠️ Primary Risks
- Interest rate risk: The value of the fund's investments may decline due to increases in interest rates
- Credit risk: The issuer of a security held by the fund may default on its obligation to pay principal and/or interest
- Liquidity risk: The fund may not be able to sell a security at the time and price that is most beneficial to the fund
- Index tracking risk: The fund may not perfectly replicate the performance of the underlying index
👤 Best For
The Monarch Ambassador Income Index ETF may be suitable for investors seeking current income and a low-cost, passively managed fixed income investment. It may be appropriate as a core fixed income holding or as a complement to a diversified portfolio.