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Why Invest in MTVR?
According to Bloomberg Intelligence (Source: Metaverse may be $800 billion market, next tech platform, Bloomberg Intelligence, 12/1/21), the market size of the metaverse may reach $800 billion by 2024. This growth can be attributed to the companies that manufacture chips and hardware, as well as the networking companies that supply the necessary bandwidth for metaverse technologies. MTVR offers the new generation of investors a way to become exposed to the metaverse and its proponents (augmented reality, virtual worlds, life log, and mirror world). Following its index, MVTR only seeks to hold the best metaverse related companies from around the world that have the potential to capitalize on this emerging platform. MTVR may be an answer for those seeking real life investment opportunities from the metaverse.
- Fund Summary Fund Summary Fund Summary 1
- Fund Details Fund Details Fund Details 2
- Top Holdings Top Holdings Top Holdings 3
- Fund NAV and Market Price Fund NAV and Market Price Fund NAV and Market Price 4
- Fund Performance Fund Performance Fund Performance 5
- Distributions Distributions Distributions 6
- Premium/Discount Premium/Discount Premium/Discount 7
- Fund Materials Fund Materials Fund Materials 8
Fund Summary
The Fount Metaverse ETF, or MTVR, offers a unique opportunity to those wondering how to invest in the metaverse. MTVR follows an index that was designed to measure the performance of companies that develop, manufacture, distribute, or sell products related to metaverse technology. This metaverse ETF currently tracks an index of around 50 companies that follow the metaverse theme. MTVR’s metaverse stocks may expose investors to businesses that have the potential to capitalize on the expected growth of the metaverse market.
The Fount Metaverse ETF aims to yield results that, before fees and expenses, generally correspond to the performance of the Fount Metaverse Index. The index utilizes the following processes to select stocks for inclusion:
- Using standard industry classification systems and keywords, the index which underlies the fund seeks to identify companies that are likely to engage in the 4 components of the metaverse.
- The index forecasts the 1 year forward revenue from metaverse technology related services or products by using a proprietary artificial intelligence algorithm.
- Only companies that are expected to derive more than 50% of their revenues from metaverse-related services or products are included in the index.
- Additional size and liquidity constraints are applied to ensure liquidity and tradability.
- The index employs a modified market capitalization by metaverse-related revenue.
- The top 50 securities by modified market cap are selected for inclusion in the index, and weighted by the market cap.
- The index is rebalanced annually.
Fund Details
Data as of 07/25/2023
| Subject | Description |
|---|---|
| Ticker | MTVR |
| CUSIP | 301505574 |
| Exchange | NYSE Arca |
| Inception Date | 27-Oct-21 |
| Expense Ratio | 0.70% |
| AUM | $4,393,465 |
| Shares | 250,000 |
| Holdings | 2 |
| Subject | Description |
|---|---|
| Advisor | Exchange Traded Concepts |
| Administrator | SEI Investments Global Fund |
| Distributor | SEI Investments Distribution |
| Benchmark | Fount Metaverse Index |
| Index Calculator | Moorgate Benchmarks |
| Index Provider | Fount Investment Co., Ltd. |
| Rebalance | Annual |
| Subject | Description |
|---|---|
| Ticker | MTVR |
| CUSIP | 301505574 |
| Exchange | NYSE Arca |
| Inception Date | 27-Oct-21 |
| Expense Ratio | 0.70% |
| AUM | $4,393,465 |
| Shares | 250,000 |
| Holdings | 2 |
| Advisor | Exchange Traded Concepts |
| Administrator | SEI Investments Global Fund |
| Distributor | SEI Investments Distribution |
| Benchmark | Fount Metaverse Index |
| Index Calculator | Moorgate Benchmarks |
| Index Provider | Fount Investment Co., Ltd. |
| Rebalance | Annual |
Top Holdings
Data as of 07/25/2023
| Name | Ticker | FIGI | Shares | Market Value | % |
|---|---|---|---|---|---|
| CASH & OTHER | 4,393,314 | $4,393,314 | 100.00% | ||
| VK CO LTD | VKCO LI | BBG00178PGW4 | 11,294 | $113 | 0.00% |
| YANDEX NV-A | YNDX | BBG001NVJ6W4 | 3,751 | $38 | 0.00% |
Holdings Subject to Change
Fund Performance
Month End as of 06/30/2023
| 1 Month | 3 Months | YTD | 1 Year | 3 Years | 5 Years | ITD | |
|---|---|---|---|---|---|---|---|
| Fund NAV | 3.69% | 2.57% | 18.78% | 7.42% | TBD | TBD | -19.42% |
| Market Price | 4.00% | 3.00% | 19.64% | 7.94% | TBD | TBD | -19.31% |
Quarter End as of 06/30/2023
| 1 Month | 3 Months | YTD | 1 Year | 3 Years | 5 Years | ITD | |
|---|---|---|---|---|---|---|---|
| Fund NAV | 3.69% | 2.57% | 18.78% | 7.42% | TBD | TBD | -19.42% |
| Market Price | 4.00% | 3.00% | 19.64% | 7.94% | TBD | TBD | -19.31% |
Performance data quoted represents past performance and is no guarantee of future results. Investment return and principal value of an investment will fluctuate so that an investor's shares, when redeemed, may be worth more or less than the original cost. Current performance may be lower or higher than the original cost. Returns for periods of less than one year are cumulative.
Shares are bought and sold at market price (not NAV) and are not individually redeemed from the Fund. The returns shown do not represent the returns you would receive if you traded shares at other times. Brokerage commissions will reduce returns. The market price returns are based on the official closing price of an ETF share or, if the official closing price isn't available, the midpoint between the national best bid and national best offer (“NBBO”) as of the time the ETF calculates current NAV per share. NAVs are calculated using prices as of 4:00 PM Eastern Time.
Inception to date (ITD)
Distributions
| Months | Ex Date | Record Date | Pay Date | Dividend | Long Term Capital Gains |
Short Term Capital Gains |
|---|---|---|---|---|---|---|
| December | 12/28/2021 | 12/29/2021 | 03/01/2022 | $0.00 | - | - |
| March | 03/25/2022 | 03/28/2022 | 04/01/2022 | $0.00 | - | - |
| June | 06/24/2022 | 06/27/2022 | 06/30/2022 | $0.14 | - | - |
| December | 12/27/2022 | 12/28/2022 | 12/30/2022 | $0.00 | - | - |
Fund Materials
Risk Disclosure:
Investing involves risk, including possible loss of principal. There is no guarantee the Funds will achieve their stated objectives. In addition to the normal risks associated with investing, international investments may involve the risk of capital loss from unfavorable fluctuation in currency values, differences in generally accepted accounting principles, or social, economic, or political instability in other nations. Emerging markets involve heightened risks related to the same factors, as well as increased volatility and lower trading volume.
