Monopoly ETF

Key Statistics

Historical Performance

Total return including reinvested distributions, from adjusted closing prices.

Top Holdings

Top 25 holdings as of Apr 30, 2026 · source: SEC N-PORT. Full holdings & prospectus →

About MPLY

TheFund seeks to achieve its investment objective by primarily investing in the common stock of companies that demonstrate “MonopolisticAttributes.” Such companies may possess Monopolistic Attributes either: (1) individually by dominating a market with limited tono competition for its products or services from other companies (a monopoly); or (2) dominate a market collectively with one or moreother companies that sell similar products or services with limited to no competition from others (an oligopoly). Such characteristicstypically allow these companies to earn substantial economic rents (i.e., charge higher prices or incur lower costs than competitors),maintain robust pricing power, and sustain strong revenue and earnings growth over time. Undernormal market conditions, the Fund invests in U.S. and non-U.S. companies with market capitalizations of at least $2 billion and thatare traded on U.S. exchanges including American depository receipts (“ADRs”). The Fund’s portfolio is predominantlymarket cap weighted, meaning investments in the Fund are allocated based on the size of the companies. However, the Fund’s investmentsub-advisor, Rareview Capital LLC (the “Sub-Advisor”) uses its discretion to determine final portfolio weightings.Companiesare selected for investment by the Sub-Advisor based on qualitative analysis of the Monopolistic Attributes of a company as well as quantitativeanalysis of various financial performance metrics such as revenue growth, profit margin, return on investment, return on equity, debt-to-equityratio and earnings per share. Monopolistic Attributes of a company include but are not limited to: (i) brand dominance; (ii) regulatoryexclusivity (i.e., when a company gets special protection from the government that prevents other companies from competing with it fora certain period of time); (iii) industry concentration (i.e., possession of a substantial share of the market); (iv) historical antitrustreviews (i.e., previous government accusations of antitrust law violations); (v) monopolistic or oligopolistic economic rents; (vi) highbarriers of market entry; (vii) pricing power (i.e., a company’s ability to increase prices without losing customers); (viii) verticallyintegrated and control of the supply chain (i.e., the company owns or directly manages all the steps needed to make and sell its product);(ix) benefits from network effects (i.e., a product or service that becomes more valuable as more people use it); and (x) protected intellectualproperty or patents. To be considered for investment by the Fund, companies must possess one or more of these attributes. The Sub-Advisorhas broad discretion to invest in companies that it believes possess one or more of these Monopolistic Attributes and exhibit strongfinancial performance metrics and will sell companies that it believes no longer possess or exhibit these Monopolistic Attributes and/orattractive financial performance metrics. The Fund expects to typically hold approximately 75 to 125 companies. The Fund may have significantexposures to specific sectors, such as information technology. The Fund will not invest in federal or state regulated utilities thathave price controls. TheFund is classified as a “non-diversified” investment company under the Investment Company Act of 1940, as amended (the “1940Act”), which means that it may invest a high percentage of its assets in a limited number of issuers. 

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