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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.

01

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.
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  • The index forecasts the 1 year forward revenue from metaverse technology related services or products by using a proprietary artificial intelligence algorithm.
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  • Only companies that are expected to derive more than 50% of their revenues from metaverse-related services or products are included in the index.
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  • Additional size and liquidity constraints are applied to ensure liquidity and tradability.
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  • The index employs a modified market capitalization by metaverse-related revenue.
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  • The top 50 securities by modified market cap are selected for inclusion in the index, and weighted by the market cap.
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  • The index is rebalanced annually.
02

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
03

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

04

Fund NAV and Market Price

Data as of 07/25/2023

NAV Price
Amount $17.57 $17.53
Daily Change -$0.01 -$0.02
Daily Change -0.06% -0.11%

05

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)

06

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 - -
07

Premium/Discount

Data as of 07/25/2023

Fund
NAV
Market
Price
Premium/
Discount
30-Day Median
Bid/Ask Spread
$17.57 $17.53 -$0.04 +0.58%
Days
At NAV
Days
At Premium
Days
At Discount
2Q 2023 1 20 41
1Q 2023 1 22 39
Calendar Year 2022 2 98 151

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.

08

Fund Materials

Fact Sheet Download
Investment Case Download
Index Methodology Download
Prospectus Download
Summary Prospectus Download
SAI Download
Q1 SOI Download
Q4 SOI Download
SAR Download
Annual Report Download

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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. 

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