MSSS ETF — Monarch Select Subsector Index ETF

Monarch Select Subsector Index ETF (MSSS)

Updated October 16, 2026.

MSSS is an ETF. its distribution rate is 0.30%, its trailing-12-month yield is 0.20%, its expense ratio is 1.42%. Dividend Vision Distribution Safety Score™ is 50/100 (Unproven). Total return is 43.2% over the past 2.6 years, 9.9 points behind SPY at 53.1%.

Monarch Select Subsector Index ETF is a fund of funds that invests at least 80% of its assets in a basket of ten equally weighted U.S.-listed ETFs representing economically advantageous U.S. sectors and subsectors. The fund distributes quarterly and carries a modest expense ratio of 1.42%, with a low current distribution rate. It appeals to equity investors seeking diversified exposure across multiple subsectors through a single holding.

MSSS performance versus SPY

Price and return data through 2026-10-16.

Total return is 43.2% over the past 2.6 years, 9.9 points behind SPY at 53.1%. Over the past year its total return — price change plus distributions reinvested — is 18.7%. Its deepest 1-year drawdown was 10.2%.

MSSS key facts

Distribution Safety Score™

50 · Unproven

Issuer

Northern Trust

Asset type

ETF

Asset class

Equity

Inception date

03/06/2024

Expense ratio

1.42%

Distribution rate

0.30%

Distribution frequency

Quarterly

Trailing yield

0.20%

Last close

$35.88 (as of 2026-10-16)

AUM

$146,792,388

Average volume

1411.0

Dividend

$0.053

Ex-dividend date

03/26/2026

Beta

0.7821

How Dividend Vision calculates yield and returns

Distribution rate (0.30%) uses calculation basis unavailable. Issuer rates can use a different denominator and date, including ex-date NAV. Trailing-12-month yield (0.20%) is the sum of split-adjusted cash distributions with ex-dates in the last 12 months, divided by the published price. It lags a recent raise or cut. Total return uses split-adjusted close with distributions reinvested on the ex-dividend date (a modeling convention, not the cash-settlement date) from the first stored bar on or after inception through the latest bar, compared with the same window on the benchmark. That is the security's total return, not your personal gain/loss.

Yield and safety methodology · Distribution rate methodology · Distribution Safety Score methodology

Sources and review

Primary sources: Northern Trust; prices and distributions from Dividend Vision, derived from vendor EOD data.

Reviewed by Bert Sweet, CEO and Co-owner of Dividend Vision. Methodology: Distribution Safety Score.

MSSS risks and drawbacks

MSSS's current distribution rate is moderate, not a high-yield payout — the strategy is dividend quality more than maximum income. Payments are quarterly, so cash flow is lumpy versus a monthly fund. Total return has trailed SPY over the available window. The deepest 1-year drawdown on record here is 10.2%.

Who may consider MSSS — and who may not

It is a weaker fit for investors who need monthly cash flow (MSSS pays quarterly); investors hunting double-digit covered-call yields; investors whose main goal is matching SPY total return. This is educational context, not a recommendation to buy or sell.

More on MSSS

• All tickers starting with M

Tagged: Index.

Frequently asked questions

More securities from Northern Trust.