MTVR

Fount Metaverse ETF

Bloomberg Intelligence estimates that the market size of the metaverse may reach $800 billion by 2024. The convergence of digital and physical world can potentially lead to the metaverse to become the future iteration of the internet. This means that the metaverse may one day change the way people experience and interact with the world.

Fund Details

Data as of 06/30/2022

Ticker MTVR
CUSIP 301505574
Exchange NYSE Arca
Inception Date October 27, 2021
Expense Ratio 0.70%
AUM $7,981,227
Shares 500,000
Holdings 52
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

NAV and Price

Data as of 06/30/2022

NAV Price
Amount $15.96 $15.92
Daily Change -$0.30 -$0.31
Daily Change -1.85% -1.93%

Fund Materials

Fact Sheet Download
Investment Case Download
Index Methodology Download
Prospectus Download
Summary Prospectus Download
SAI Download
SOI Download
SAR Download

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.

Why Invest in MTVR?

According to Bloomberg Intelligence, the market size of the metaverse and related companies may reach well into the trillions. 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.  

Investment Process

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.

Top 10 Holdings

Data as of 06/30/2022

Name Ticker FIGI Shares Market Value %
APPLE ORD AAPL BBG000B9XRY4 5,942 $812,390 10.18
ALPHABET CL A ORD GOOGL BBG009S39JX6 153 $333,427 4.18
META PLATFORMS CL A ORD META BBG000MM2P62 1,768 $285,090 3.57
ADOBE INC ADBE BBG000BB5006 535 $195,842 2.45
POP MART ORD 9992 HK BBG00WHMQQ33 38,600 $186,434 2.34
XIAOMI-W ORD 1810 HK BBG00KVBNBT5 101,400 $176,259 2.21
ACTIVISION BLIZZARD INC ATVI BBG000CVWGS6 2,229 $173,550 2.18
ROBLOX CORP RBLX BBG001R1GCT0 5,141 $168,933 2.12
HAICHANG HLDG ORD 2255 HK BBG00637B2W5 166,000 $168,392 2.11
BILIBILI-SW ORD 9626 HK BBG00KD7MZ85 6,540 $167,522 2.10

Holdings Subject to Change

Historical NAVs

Data as of 06/30/2022

Fund Performance

Month End as of 06/30/2022

1 Month 3 Months YTD ITD 1 Year 3 Years 5 Years
Fund NAV -10.28% -20.83% -31.51% -35.15% TBD TBD TBD
Market Price TBD TBD TBD TBD TBD TBD TBD

Quarter End as of 06/30/2022

1 Month 3 Months YTD ITD 1 Year 3 Years 5 Years
Fund NAV -10.28% -20.83% -31.51% -35.15% TBD TBD TBD
Market Price TBD TBD TBD TBD TBD TBD TBD

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

Month Ex Date Record Date Pay Date Dividend Long Term
Capital Gains
Short Term
Capital Gains
June 06/24/2022 06/27/2022 06/30/2022 0.14 - -
March 03/25/2022 03/28/2022 04/01/2022 0.00 - -
December 12/28/2021 12/29/2021 03/01/2022 0.00 - -

Premium/Discount

Data as of 06/30/2022

hidingText At NAV At Premium At Discount
Second Quarter 2022 0 30 32
First Quarter 2022 0 36 26
Calendar Year 2021 2 36 8

Unit: Days Traded

hidingText NAV Price Premium/
Discount
30-Day Median
Bid/Ask Spread
Figure $15.96 $15.92 -0.04 0.48%

30-Day Median Bid/Ask Spread : The spread is calculated from (i) sampling the ETF's NBBO as of the end of each 10 second interval during each trading day of the last 30 calendar days; (ii) dividing the difference between each such bid and offer by the midpoint of the NBBO; and (iii) identifying the median of those values.

Investors should consider the investment objectives, risks, charges and expenses carefully before investing. For a prospectus or summary prospectus with this and other information about the Fund, please call 855-425-7426 or visit our website at www.fountetfs.com. Read the prospectus or summary prospectus carefully before investing.

Exchange Traded Concepts, LLC. serves as the investment advisor to the Funds. The Funds are distributed by SEI Investments Distribution Co., (SIDCO) 1 Freedom Valley Drive, Oaks, PA 19456. SIDCO is not affiliated with Exchange Traded Concepts, LLC. or Fount Investment Co. Ltd.

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 risk of capital loss from unfavorable fluctuation in currency values, from differences in generally accepted accounting principles or from 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. The Funds’ concentration in an industry or sector can increase the impact of, and potential losses associated with, the risks from investing in those industries/sectors. The Funds are non-diversified. The Funds are new and have limited operating histories for investors to evaluate. New and smaller funds may not attract sufficient assets to achieve investment and trading efficiencies. In addition to the normal risks associated with investing, investments in smaller companies typically exhibit higher volatility.