ETF Evaluator:
Yorkville America 2X Inv ManPlsDlyTrgETF (MNGB)
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Best Performing in Trading--Inverse Equity Over the Last Year
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ETF Details
Yorkville America 2X Inv ManPlsDlyTrgETF Overview
Yorkville America 2X Inv ManPlsDlyTrgETF (MNGB) is an actively managed Miscellaneous Trading--Inverse Equity exchange-traded fund (ETF). Yorkville America Equities, LLC launched the ETF in 2026.
The investment seeks daily investment results, before fees and expenses, of 200% of the inverse (or opposite) of the daily performance of MANGOS Plus.
The fund, under normal circumstances, invests at least 80% of its net assets (plus any borrowings for investment purposes) in financial instruments that are designed to provide, in the aggregate, 200% inverse (opposite) exposure to the price performance of MANGOS Plus on a daily basis. It is non-diversified.
About Yorkville America 2X Inv ManPlsDlyTrgETF (MNGB)
There are 2 members of the management team with an average tenure of 0.02 years: Andrew (Andy) Hicks (2026) and Christopher Mullen (2026). Management tenure is more important for actively managed ETFs than passive index ETFs.
Yorkville America 2X Inv ManPlsDlyTrgETF has 27 securities in its portfolio. The top 10 holdings constitute 159.5% of the ETF’s assets. The ETF meets the SEC requirement of being classified as a nondiversified fund. The ETF is not considered to have an ESG focus with its investment selection and management.
Yorkville America 2X Inv ManPlsDlyTrgETF is part of the Other global asset class and is within the Miscellaneous ETF group. Yorkville America 2X Inv ManPlsDlyTrgETF has 0.0% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is -118.7% There is 0.0% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). Yorkville America 2X Inv ManPlsDlyTrgETF has 301.9% of the portfolio in cash.
Assets Under Management
The fund has $254 million in total assets, which is below the $74 million average for the Trading--Inverse Equity category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
MNGB Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The Yorkville America 2X Inv ManPlsDlyTrgETF expense ratio is high compared to funds in the Trading--Inverse Equity category. Yorkville America 2X Inv ManPlsDlyTrgETF has an expense ratio of 0.90%, which is 22% lower than its category average, making the fund expense ratio grade a A. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. Yorkville America 2X Inv ManPlsDlyTrgETF has a portfolio turnover rate of 0%, which indicates that it holds its assets around /years. By way of comparison, the average portfolio turnover is 17% for the Trading--Inverse Equity category.
Recently, in the month of September 2026, Yorkville America 2X Inv ManPlsDlyTrgETF returned 0.0%, which earned it a grade of NA, as the Trading--Inverse Equity category had an average return of -2.5%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all ETFs in that category.
Yorkville America 2X Inv ManPlsDlyTrgETF has a trailing yield of 0.00%, which is below the 5.40% category average.
The fund normally distributes its income annually and its capital gains annually.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
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MNGB Trailing NAV Total Returns Data as of 9/30/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| MNGB Return (NAV) | na | na | na | na | na | na |
| MNGB Return (Price) | na | na | na | na | na | na |
| NAV +/- Price Return | na | na | na | na | na | na |
| Trading--Inverse Equity Avg | -2.5% | -10.3% | -29.9% | -32.4% | -23.8% | -29.2% |
| MNGB Grade (NAV) | na | na | na | na | na | na |
| +/- Category (NAV) | na | na | na | na | na | na |
| MNGB Tax-Cost Ratio | na | na | na | na | na | na |
MNGB Annual NAV Total ReturnsData as of 9/30/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| MNGB Return (NAV) | na | na | na | na | na | na | na | na | na | na | na |
| MNGB Return (Price) | na | na | na | na | na | na | na | na | na | na | na |
| NAV +/- Price Ret | na | na | na | na | na | na | na | na | na | na | na |
| Trading--Inverse Equity Avg | -30.9% | -35.3% | -26.4% | -26.2% | 15.2% | -33.5% | -52.3% | -39.8% | 9.5% | -34.8% | -33.2% |
| MNGB Grade (NAV) | na | na | na | na | na | na | na | na | na | na | na |
| +/- Category | na | na | na | na | na | na | na | na | na | na | na |
| Risk Measures | |
| Beta: | na |
| R-Squared: | na |
| Standard Deviation: | na |
| Category Risk Index: | na |
| Category Risk Rating: | |
| Total Risk Index: | na |
| Total Risk Rating: | |
| Portfolio Characteristics | |
| Yield: | -- |
| Total Assets: | $ 0 Mil |
| Share Class Assets: | $ 0 Mil |
| Turnover: | na |
| Expense Ratio: | 0.90% |
| Index Fund: | No |
| Index Tracked: | N/A |
| Index Weighting: | 100% |
| Leveraged: | Yes |
| Socially Responsible Fund: | No |
| Capital Gains Distribution Frequency: | Annually |
| Income Distribution Frequency: | Annually |
Management Team
| Number of Managers: 2 | |||
| Longest Tenure: 0.0 years | |||
| Average Tenure: 0.0 years | |||
| Managers (Year): Hicks Andrew (Andy) (2026), Mullen Christopher (2026) | |||
Portfolio Composition (as of 9/30/26)
| # of Holdings: | 27 |
| % in Top 10 Holdings: | 159.5% |
| Fund is Non-Diversified: | Yes |
| % in Foreign Issues: | 0.0% |
Portfolio Allocation |
|
| Domestic Stock: | -118.7% |
| Foreign Stock: | 0.0% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | -83.2% |
| Cash: | 301.9% |
Purchase Information
| Legal Structure: | Open Ended Investment Company |
| Fund Family: | Yorkville America Equities, LLC |
| Phone Number: | 201-985-8300 |
| Website: | https://www.truthsocialfunds.com/ |
| Inception Date: | September 21, 2026 |
Expenses and Fees
| Expense Ratio (%): | 0.90% (Rating: High) |
| Category Average Expense Ratio (%): | 1.15% |
