MTVR — Fount Metaverse ETF
Data updated: 2023-07-28
MTVR — Fount Metaverse ETF. Emerging Markets Blend / Core Equity · $4.54M AUM · 0.70% expense ratio. Holdings, fees, performance and SEC filings.
MTVR Fund Overview
MTVR — Fount Metaverse ETF is a US ETF managed by Exchange Traded Concepts Trust, categorised as Emerging Markets Blend / Core Equity. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US ETF
- Manager: Exchange Traded Concepts Trust
- Category: Emerging Markets Blend / Core Equity
- Assets under management: $4.54M
- 1-year return: -7.1%
- Ticker: MTVR
- SEC CIK: 0001452937
- SEC series ID: S000073824
- Share class ID: C000231030
MTVR Investment Objective and Strategy
Fount Metaverse ETF describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Exchange Traded Concepts Trust.
Investment objective
The Fount Metaverse ETF (the Fund) seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of the Fount Metaverse Index (the Index).
Principal investment strategy
The Fund invests in securities comprising the Index. The Index was designed by Fount Investment Co., Ltd. (the Index Provider) to measure the performance of companies that develop, manufacture, distribute, or sell products or services related to metaverse technology (Metaverse Companies). Under normal circumstances, the Fund invests at least 80% of its net assets, plus the amount of any borrowings for investment purposes, in securities of Metaverse Companies. Metaverse is a term used to describe the concept of a future iteration of the internet made up of persistent, shared, three-dimensional virtual spaces in a virtual universe. To construct the Index, the Index Provider begins by identifying certain sub-industries, as defined by the North American Industry Classification System (NAICS) or the FactSet Revere Business and Industry Classification System, in which companies are likely to be engaged in one of the following components of the metaverse (each, a Metaverse Sub-Industry): Augmented Reality an interactive experience of a real-world environment where the objects that reside in the real world are enhanced by computer-generated perceptual information, sometimes across multiple sensory modalities, including visual, auditory, haptic, somatosensory and olfactory.
Life Log a personal record of ones daily life in a varying amount of detail, for a variety of purposes. The record contains a comprehensive dataset of a humans activities. The data could be used to increase knowledge about how people live their lives. In recent years, some lifelog data has been automatically captured by wearable technology or mobile devices. Mirror World a representation of the real world in digital form. Mirror worlds attempt to map real world structures in a geographically accurate way. Virtual World a computer-simulated environment that may be populated by many users who can create a personal avatar, explore, participate in activities, and communicate with others. The Index Provider compiles publicly available information regarding the companies classified in these sub-industries and applies a proprietary artificial intelligence algorithm that extracts patterns from analyzing data, resulting in the identification of Metaverse Companies.
After identifying the initial investment universe, each companys one year forecasted revenue is reviewed and only companies that are expected to derive more than 50% of their revenue from a Metaverse Sub-Industry are included. These companies are then reviewed by the Index Provider to ensure they are consistent with the theme of the Index, and the top 50 securities by market capitalization are selected for the Index, with a minimum market capitalization of $300 million required for initial inclusion. Securities eligible for inclusion in the Index include publicly listed common stock of U.S. and foreign (including emerging markets) issuers. Index constituents are weighted according to a modified market capitalization weighting methodology that factors in expected Metaverse Sub-Industry revenue.
Constituents are subject to weight caps such that no individual stock may represent more than 10% of the Index and the aggregate weight of each stock representing more than 5% of the Index may not exceed 40% of the Index. The Index is rebalanced on an annual basis. The Fund employs a passive management investment strategy designed to track the performance of the Index. Exchange Traded Concepts, LLC (the Adviser) generally will use a replication methodology, meaning it will invest in all of the securities comprising the Index in proportion to their respective weightings in the Index. However, the Adviser may utilize a sampling methodology under various circumstances, including when it may not be possible or practicable to purchase all of the securities in the Index. The Adviser expects that over time, if the Fund has sufficient assets, the correlation between the Funds performance, before fees and expenses, and that of the Index will be 95% or better.
A figure of 100% would indicate perfect correlation. The Fund may invest up to 20% of its total assets in investments that are not included in the Index, but that the Adviser believes will help the Fund track the performance of the Index. The Fund will concentrate its investments ( i.e. , invest more than 25% of its total assets) in a particular industry or group of industries to approximately the same extent that the Index concentrates in an industry or group of industries. As of December 1, 2022, the Index was concentrated in the Entertainment Industry and Interactive Media & Services Industry, as defined by the Global Industry Classification Standard (GICS). In addition, in replicating the Index, the Fund may from time to time invest a significant portion of its assets in the securities of companies in one or more sectors.
As of December 1, 2022, a significant portion of the Index consisted of companies in the Communication Services Sector, as defined by GICS. The Fund is classified as a non-diversified investment company under the Investment Company Act of 1940 (the 1940 Act) and, therefore, may invest a greater percentage of its assets in a particular issuer than a diversified fund. The Index Provider is not an affiliate of the Fund or the Adviser. The Index Provider developed the methodology for determining the securities to be included in the Index and for the ongoing maintenance of the Index. The Index is calculated and administered by Moorgate Benchmarks Ltd., which is not an affiliate of the Fund, the Adviser or the Index Provider.
MTVR Performance
Total returns for MTVR (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| 1 year | -7.1% |
MTVR Risk Information
Risk metrics for MTVR, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 25.0%
MTVR Costs and Fees
MTVR costs about $70 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.70%
- Gross expense ratio: 0.70%
- Portfolio turnover: 42%
- Brokerage commissions: 5.55 bps of average net assets (SEC N-CEN)
MTVR Cashflows
Over the 12 months to 2023-05, Fount Metaverse ETF had net inflows of $3.41M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2023-05 | −$229.28K |
| 2023-04 | $825.11K |
| 2023-03 | $0 |
| 2023-02 | $0 |
| 2023-01 | $1.55M |
| 2022-12 | $419.45K |
MTVR Debt Constituents
No individual debt constituents are reported in Fount Metaverse ETF's latest SEC N-PORT filing.
MTVR Prospectus and SEC Filings
Official Fount Metaverse ETF filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
Related Funds
Other Emerging Markets Blend / Core Equity funds tracked on ABC INVEST:
Data Sources
ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.