ETF Evaluator:
MKAM ETF ()
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(as of Aug 25)
Best Performing in Moderate Allocation Over the Last Year
| 29.1% | Adaptive Core ETF (RULE) |
| 21.3% | Monarch Volume Factor Dividend Tree ETF (MVFD) |
| 19.5% | Avantis Moderate Allocation ETF (AVMA) |
| 19.4% | Ned Davis Research 360 Dyn Allc ETF (NDAA) |
| 16.0% | SMI 3Fourteen REAL Asset Allocation ETF (RAA) |
Risk
Index
Risk
Index
ETF Details
MKAM ETF Overview
MKAM ETF (MKAM) is an actively managed Allocation Moderate Allocation exchange-traded fund (ETF). MKAMETF launched the ETF in 2023.
The investment seeks to capture the majority of equity market returns, while exposing investors to less volatility and downside risk than other equity investments.
The fund is an actively managed exchange-traded fund (“ETF”) that seeks to achieve its investment objective by investing in U.S. equity securities that generally mimic the performance of the S&P 500 Index while attempting to reduce volatility and mitigate drawdowns. The fund is non-diversified.
About MKAM ETF (MKAM)
There are 2 members of the management team with an average tenure of 3.31 years: Stephen Mulholland (2023) and Mark Kuperstock (2023). Management tenure is more important for actively managed ETFs than passive index ETFs.
MKAM ETF has 4 securities in its portfolio. The top 10 holdings constitute 100.0% 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.
MKAM ETF is part of the Allocation global asset class and is within the Allocation ETF group. MKAM ETF has 0.3% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 51.3% There is 0.3% 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). MKAM ETF has 48.5% of the portfolio in cash.
Assets Under Management
The fund has $13 million in total assets, which is below the $411 million average for the Moderate Allocation 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.
MKAM 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 MKAM ETF expense ratio is average compared to funds in the Moderate Allocation category. MKAM ETF has an expense ratio of 0.55%, which is 42% 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. MKAM ETF has a portfolio turnover rate of 83%, which indicates that it holds its assets around / 0.0 years. By way of comparison, the average portfolio turnover is 162% for the Moderate Allocation category.
Recently, in the month of July 2026, MKAM ETF returned 0.2%, which earned it a grade of B, as the Moderate Allocation category had an average return of -1.0%. 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.
MKAM ETF has a trailing yield of 2.67%, which is above the 2.36% category average.
The fund normally distributes its income quarterly 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.
MKAM ETF Grades
Year to date, the ETF has returned 5.1%, 2.3 percentage points worse than the category, which translates into a grade of D. The fund has returned 10.4% over the past year (grade of D) and 8.9% over the past three years (grade of F).
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MKAM Trailing NAV Total Returns Data as of 7/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| MKAM Return (NAV) | 0.2% | 2.5% | 10.4% | 8.9% | na | na |
| MKAM Return (Price) | -0.5% | 1.9% | 9.5% | 8.7% | na | na |
| NAV +/- Price Return | 0.710% | 0.601% | 0.908% | 0.224% | na | na |
| Moderate Allocation Avg | -1.0% | 1.5% | 13.8% | 10.7% | 4.9% | na |
| MKAM Grade (NAV) | B | B | D | F | na | na |
| +/- Category (NAV) | 1.2% | 0.9% | -3.4% | -1.7% | na | na |
| MKAM Tax-Cost Ratio | na | na | 1.1% | 1.0% | na | na |
MKAM Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| MKAM Return (NAV) | 5.1% | 8.0% | 12.1% | na | na | na | na | na | na | na | na |
| MKAM Return (Price) | 4.3% | 8.1% | 12.2% | na | na | na | na | na | na | na | na |
| NAV +/- Price Ret | -0.147% | 0.013% | 0.002% | na | na | na | na | na | na | na | na |
| Moderate Allocation Avg | 7.4% | 10.4% | 12.0% | 10.2% | -14.7% | 13.8% | 11.5% | 18.3% | -7.5% | na | na |
| MKAM Grade (NAV) | D | D | C | na | na | na | na | na | na | na | na |
| +/- Category | -2.3% | -2.4% | 0.1% | na | na | na | na | na | na | na | na |
| Risk Measures | |
| Beta: | 0.50 |
| R-Squared: | 66% |
| Standard Deviation: | 5.7% |
| Category Risk Index: | 0.58 |
| Category Risk Rating: | Below Average |
| Total Risk Index: | 0.46 |
| Total Risk Rating: | Low |
| Portfolio Characteristics | |
| Yield: | 2.7% |
| Total Assets: | $ 13 Mil |
| Share Class Assets: | $ 13 Mil |
| Turnover: | 83.0% |
| Expense Ratio: | 0.55% |
| Index Fund: | No |
| Index Tracked: | N/A |
| Index Weighting: | 100% |
| Leveraged: | No |
| Socially Responsible Fund: | No |
| Capital Gains Distribution Frequency: | Annually |
| Income Distribution Frequency: | Quarterly |
Management Team
| Number of Managers: 2 | |||
| Longest Tenure: 3.3 years | |||
| Average Tenure: 3.3 years | |||
| Managers (Year): Mulholland Stephen (2023), Kuperstock Mark (2023) | |||
Portfolio Composition (as of 7/31/26)
| # of Holdings: | 4 |
| % in Top 10 Holdings: | 100.0% |
| Fund is Non-Diversified: | Yes |
| % in Foreign Issues: | 0.3% |
Portfolio Allocation |
|
| Domestic Stock: | 51.3% |
| Foreign Stock: | 0.3% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | -0.0% |
| Cash: | 48.5% |
Purchase Information
| Legal Structure: | Open Ended Investment Company |
| Fund Family: | MKAMETF |
| Phone Number: | 215-330-4476 |
| Website: | www.valueshares.com |
| Inception Date: | April 11, 2023 |
Expenses and Fees
| Expense Ratio (%): | 0.55% (Rating: Avg) |
| Category Average Expense Ratio (%): | 0.95% |
