MFUL ETF — Holdings & Analysis

The Mindful Conservative ETF (MFUL) is an asset allocation ETF managed by Mohr Funds with $0.03 billion in assets under management.

Launched in 2021, MFUL invests in a mix of individual equity securities and ETFs, spanning various market capitalizations and credit qualities, including below-investment-grade fixed income. A key differentiator is its conservative approach, reflected in a 0.44 beta and a diverse portfolio of ETFs and individual stocks across sectors, though its expense ratio is relatively high at 1.22%. Past performance does not guarantee future results.

Mindful Conservative ETF (MFUL) ETF — Price, Holdings & Analysis

The Mindful Conservative ETF (MFUL) is an asset allocation ETF managed by Mohr Funds with $0.03 billion in assets under management. Launched in 2021, MFUL invests in a mix of individual equity securities and ETFs, spanning various market capitalizations and credit qualities, including below-investment-grade fixed income. A key differentiator is its conservative approach, reflected in a 0.44 beta and a diverse portfolio of ETFs and individual stocks across sectors, though its expense ratio is relatively high at 1.22%. Past performance does not guarantee future results.

ETF Overview

The fund invests in individual equity securities without regard to market capitalization and ETFs that invest in equity securities of any market capitalization including convertible equity securities and fixed income ETFs. The fund’s portfolio may hold securities from issuers of any market capitalization, credit quality, maturity, or country. Fixed income securities may include securities with credit quality below investment grade (commonly referred to as “junk bond” credit quality).

The Mindful Conservative ETF (MFUL) seeks to provide a conservative investment approach by allocating its assets across individual equity securities and ETFs. The fund invests without regard to market capitalization, including convertible equity securities and fixed income ETFs. Its strategy involves holding securities from issuers of any market capitalization, credit quality, maturity, or country, including below-investment-grade fixed income. The ETF's top holdings include WisdomTree Floating Rate Treasury ETF (USFR) at 13.37%, State Street® SPDR® Blmbg1-3MthT-BillETF (BIL) at 10.46%, and iShares Intermediate Govt/Crdt Bd ETF (GVI) at 8.51%. The fund also invests in other allocation ETFs like iShares Core 80/20 Aggressive Allc ETF (AOA) and iShares Core 60/40 Balanced Allc ETF (AOR). Sector allocation is diverse, with significant exposure to Energy (13.7%), Technology (12.6%), and Industrials (11.9%). This diversified approach aims to provide a balance of growth and income while managing risk. Past performance does not guarantee future results.

Risk Metrics

The Mindful Conservative ETF (MFUL) presents several risk considerations for investors. With an expense ratio of 1.22%, the fund carries a higher cost compared to many other asset allocation ETFs, which can create a drag on performance over time. Sector allocation shows concentrations in Energy (13.7%), Technology (12.6%), and Industrials (11.9%), which could lead to increased volatility if these sectors underperform. The fund's beta of 0.44 indicates lower volatility compared to the overall market, but the inclusion of below-investment-grade fixed income securities introduces credit risk. Additionally, the fund's relatively small AUM of $0.03 billion could pose liquidity risks. Investors should carefully consider these factors in relation to their own risk tolerance and investment objectives. Past performance does not guarantee future results.

Expense Ratio

1.22%

What does MFUL hold?

Holding	Weight
WisdomTree Floating Rate Treasury ETF (USFR)	13.37%
State Street® SPDR® Blmbg1-3MthT-BillETF (BIL)	10.46%
iShares Intermediate Govt/Crdt Bd ETF (GVI)	8.51%
First Trust Morningstar Div Leaders ETF (FDL)	8.16%
iShares Core 80/20 Aggressive Allc ETF (AOA)	5.36%
State Street® SPDR® Blmbg Cnvrt Secs ETF (CWB)	5.13%
State Street® Income Allocation ETF (INKM)	4.87%
State Street® Global Allocation ETF (GAL)	4.79%
iShares Core 60/40 Balanced Allc ETF (AOR)	4.76%
Capital Group Dividend Value ETF (CGDV)	4.58%

How Is the Fund Allocated?

Sector	Weight
Energy	13.7%
Technology	12.6%
Industrials	11.9%
Consumer Defensive	11.6%
Financial Services	11.4%
Healthcare	11.3%
Consumer Cyclical	8.0%
Communication Services	7.0%
Utilities	6.1%
Basic Materials	3.5%
Real Estate	2.8%
Cash & Others	0.0%

Dividend Yield

0.00%

ETC Cabana Target Drawdown 10 ETF (TDSC) — 0.90% expense ratio
Elm Market Navigator ETF (ELM) — 0.26% expense ratio
Bluemonte Diversified Income ETF (BLUI) — 0.75% expense ratio
Leuthold Core Exchange Traded Fund (LCR) — 0.84% expense ratio
Blueprint Chesapeake Multi-Asset Trend ETF (TFPN) — 2.06% expense ratio
Return Stacked Bonds & Futures Yield ETF (RSBY) — 0.98% expense ratio
Fundamentals First ETF (KNOW) — 1.09% expense ratio
Prospera Income ETF (THRV) — 1.80% expense ratio

Risk Metrics

Beta: 0.44

Questions & Answers

What is MFUL and what does it track?

The Mindful Conservative ETF (MFUL) is an actively managed asset allocation ETF offered by Mohr Funds.

Launched in November 2021, MFUL invests in a combination of individual equity securities and other ETFs, providing exposure to various market capitalizations and credit qualities. The fund's objective is to provide a conservative investment approach by diversifying across different asset classes and sectors.

What is the expense ratio for MFUL?

The expense ratio for the Mindful Conservative ETF (MFUL) is 1.22%. This means that for every $10,000 invested in the fund, $122 is used to cover the fund's operating expenses annually.

Compared to the average expense ratio for asset allocation ETFs, which is approximately 0.44%, MFUL's expense ratio is significantly higher.

What are the top holdings in MFUL?

The Mindful Conservative ETF (MFUL) has a diversified portfolio, with its top holdings reflecting a mix of fixed income and equity ETFs.

As of 2026-03-15, the top five holdings include: 1) WisdomTree Floating Rate Treasury ETF (USFR) at 13.37%, 2) State Street® SPDR® Blmbg1-3MthT-BillETF (BIL) at 10.46%, 3) iShares Intermediate Govt/Crdt Bd ETF (GVI) at 8.51%, 4) First Trust Morningstar Div Leaders ETF (FDL) at 8.16%, and 5) iShares Core 80/20 Aggressive Allc ETF (AOA) at 5.36%.

Is MFUL a good long-term investment?

Whether the Mindful Conservative ETF (MFUL) is a suitable long-term investment depends on an individual investor's specific financial goals, risk tolerance, and investment horizon.

With an expense ratio of 1.22%, it is more expensive than many competing asset allocation ETFs, which could detract from long-term returns.

How does MFUL compare to similar ETFs?

The Mindful Conservative ETF (MFUL) can be compared to other asset allocation ETFs based on several factors. Its expense ratio of 1.22% is higher than the category average of 0.44%, potentially impacting returns.

With AUM of $0.03 billion, MFUL is smaller than many established asset allocation ETFs, which may affect liquidity and trading costs.

Does MFUL pay dividends?

As of 2026-03-15, the Mindful Conservative ETF (MFUL) has a dividend yield of 0.00%. This indicates that the fund is not currently distributing any income to its shareholders in the form of dividends.

While the fund invests in dividend-paying stocks and ETFs, the overall portfolio yield may be offset by the fund's expenses and investment strategy.