IQ

MATE Man Active Trend Enhanced ETF

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$30.81
+0.6% · 1 day, price
IQ’s readingComputed nightly from ETFIQ data. Not written live.

From its Dec 17, 2025 launch to Nov 4, 2026, MATE returned 24.3%.

What drove MATE’s returns?Is a 0.97% fee low for a fund like MATE?What does MATE cost to hold and to trade?
Managed futures fund: follows price trends in futures on stocks, bonds, currencies and commodities, and can bet on falls as well as risesMan Group ↗Expense ratio 0.97%Fund assets $40m net assets, latest filing (Aug 31, 2026)First traded Dec 17, 2025SEC filings ↗Every Man Group fund ETFIQ covers

Promise check: Not measuredIts strategy, systematic trend, states no objective ETFIQ can measure.

Compare with…Trading costsPut to the committeeaskIQ about MATEAdd to portfolioFlowsAlerts

MATE risk and return scorecard

vs its benchmark

Not measured: no ETF prices its benchmark (none named).

Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records; risk-free rate: U.S. Treasury, Daily Treasury Bill Rates, 13-week coupon equivalent Method · Data

Money in and out

Net fund flows · Aug 31, 2026
Since Dec 2025
+$32.2m
askIQ: what do these flows mean? ↗

What you earned

MATE −7.2%: total return over one month to Nov 4, 2026.
MATE−7.2%
MATE −0.3%: total return over three months to Nov 4, 2026.
MATE−0.3%
MATE +3.5%: total return over six months to Nov 4, 2026.
MATE+3.5%
MATE +19.2%: total return over the year to Nov 4, 2026.
MATE+19.2%
MATE +24.3%: total return since launch to Nov 4, 2026.
MATE+24.3%
askIQ: what drove MATE’s returns? ↗

How concentrated, and what does it cost?

+24.3%
Total return since launch
Report
+15.4%
S&P 500 over the same days
Report
not available
Against its own benchmark
222
Days it has traded
Report
Sector mix
Cost against like funds
askIQ: is a 0.97% fee low for a fund like MATE? ↗

More on MATE

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Price since launch, Dec 17, 2025

$30.81+0.6%1 day, priceClose, Nov 4, 2026

Price only. No distribution was paid over these days, so total return is the same. Computed by ETFIQ from Tiingo daily prices.

Source: Tiingo end-of-day prices. Data as of Nov 4, 2026. Updated every trading night. Report a data error

MATE returns by window: total return, cash paid and price change
WindowTotal returnS&P 500 (SPY)
1M Oct 5 – Nov 4, 2026−7.2%−1.0%
3M Aug 5 – Nov 4, 2026−0.3%−0.1%
6M May 6 – Nov 4, 2026+3.5%+5.0%
YTD Dec 31, 2025 – Nov 4, 2026+19.2%+13.3%
Since launch Dec 17, 2025 – Nov 4, 2026+24.3%+15.4%

Total returns, distributions reinvested. Listed Dec 2025: no 1 year and 3 years windows.

Source: Tiingo end-of-day prices, with distributions reinvested.

Money in and out

Monthly data · as of Aug 31, 2026

MATE: in the month to Aug 31, 2026, nothing net moved, by its SEC filing.

Since Dec 2025
+$32.2m
Dec 1, 2025 to Aug 31, 2026
monthly, from SEC filings

Computed by ETFIQ from the monthly sales and redemptions MATE files with the SEC on Form N-PORT.

How this is computed

ETFIQ reads no daily data for this fund, so its flows are monthly, and the latest month filed is Aug 2026. Every day and month ETFIQ holds for MATE, back to Dec 2025, is in its flows file. Flows across every fund · How these flows are computed · Compare MATE with other funds in the flows tool

Month by month, money in and money outDec 2025 to Aug 2026

MATE, money in and money out each month from Dec 2025 to Aug 2026: two bars a month, money in above the line and money out below. Every bar is from MATE’s SEC filings (N-PORT item B.6). Of the 9 months listed, money came in on net in 2 and went out in 0.

Every bar is from MATE’s SEC filings (N-PORT item B.6). Of the 9 months listed, money came in on net in 2 and went out in 0.

MonthInOutNet
Aug 2026 SEC Form N-PORT$0$0$0
Jul 2026 SEC Form N-PORT$0$0$0
Jun 2026 SEC Form N-PORT$0$0$0
May 2026 SEC Form N-PORT$0$0$0
Apr 2026 SEC Form N-PORT$0$0$0
Mar 2026 SEC Form N-PORT$0$0$0
Feb 2026 SEC Form N-PORT$0$0$0
Jan 2026 SEC Form N-PORT+$1.6m$0+$1.6m
Dec 2025 SEC Form N-PORT+$30.5m$0+$30.5m

Most recent first.

How this is computed

N-PORT months: money in is sales plus reinvestments; money out is redemptions.

N-PORT months are the filed sales plus reinvestments less redemptions. Later months add up the daily data; the Source column names any missing day.

Source: ETFIQ, from the fund’s SEC N-PORT filings. Data as of Aug 31, 2026. Updated when the fund files its next report.

MATE key stats

High since Dec 17, 2025, daily closes to Nov 4, 2026 (ETFIQ)$33.69 on Oct 12, 2026
Low since Dec 17, 2025, daily closes to Nov 4, 2026 (ETFIQ)$24.79 on Dec 17, 2025
Close on Nov 4, 2026, within that range (ETFIQ)$30.81, 68% of the way from the low to the high
Range, beta and R-squared computed by ETFIQ from Tiingo daily prices.

Trading

as of Nov 4, 2026
Trading · MATEas of Nov 4, 2026
·
Not scored0 of 6 measured · Nov 4, 2026
0 · Hard to tradeIQ Liquidity Score100 · Trades like a giant
Cost for your order · one way, half its 30-day median spread
How to tradeSpread not read.
Full trading page: components, premium history, dealers →

MATE for holders outside the US

US tax withheld on dividends, no treaty30%
Treaty rates on dividends (IRS table, read Oct 30, 2026)65 countries, 10% to 30%
MATE interest-related and short-term gain dividendsnot read by ETFIQ
US estate tax filing threshold, non-resident holders$60,000
Share classDistributing

MATE is a US fund. Stock of US corporations counts as US property for a non-resident's estate. Facts from the IRS, not tax advice. How withholding and treaties work

About MATE

IssuerMan Group
Strategy (ETFIQ, from its prospectus)Managed futuresReport
Expense ratio (485BPOS XBRL, Dec 12, 2025)0.97%Report
Net assets (SEC N-PORT, whole fund, as filed for Aug 31, 2026)$40mReport
When stocks fellS&P 500 −4.9% in March 2026; MATE −8.5%
Weekly correlation with the S&P 500not measured, as it has fewer than 52 weeks of closes
First tradedDec 17, 2025
Days traded222
Quotedon an exchange, every trading day
How we measure
Weekly closes from Tiingo with distributions reinvested, 52 weeks to the same date for the fund, SPY and BIL. ETFIQ calculation. Method
IQ Investment Committee on MATE

12 seats on MATE, as of Nov 4, 2026: 1 Mixed, 2 Challenges, 8 Not enough data, 1 Does not apply.

In the tradition ofJohn BogleBogle-style Low CostChallenges
In the tradition ofBenjamin GrahamGraham-style Margin of SafetyNot enough data
In the tradition ofWarren Buffett & Charlie MungerBuffett & Munger-style QualityNot enough data
In the tradition ofPeter LynchLynch-style Growth at a Reasonable PriceNot enough data
In the tradition ofJohn TempletonTempleton-style Global ContrarianNot enough data
In the tradition ofRay DalioDalio-style All-WeatherNot enough data
In the tradition ofHoward MarksMarks-style Cycles & RiskNot enough data
In the tradition ofStanley DruckenmillerDruckenmiller-style Macro & LiquidityDoes not apply
In the tradition ofDavid SwensenSwensen-style DiversificationChallenges
In the tradition ofCathie WoodWood-style Disruptive InnovationNot enough data
In the tradition ofJesse LivermoreLivermore-style Trend FollowingMixed
Uses ETFIQ’s measuresThe ETFIQ SkepticETFIQ’s own seatNot enough data
Put MATE to the committee →See all seats →No investor named is affiliated with or endorses ETFIQ. Not investment advice.

Questions people ask about MATE

What does MATE cost?
The prospectus expense ratio is 0.97% a year.
Why is MATE listed as managed futures?
ETFIQ files each fund by what its own prospectus says it does, and MATE’s, filed Dec 12, 2025, describes a managed futures fund.
Sources and dates
Prices, MATE and S&P 500 (SPY)Prices, Tiingo end of day ↗
Fee, 0.97%Prospectus filing with the expense ratio (SEC) ↗
Net assets, $40mSEC N-PORT, whole fund · Aug 31, 2026
SourceProspectus the strategy was read from (SEC) ↗
IssuerMan Group website ↗
All fund filingsFund filings on SEC EDGAR ↗
Man Group’s own site ↗

Links are sources, not endorsements.

Method →Standards and sources →Open data →
Cite this pageCitation, APA and Markdown

ETFIQ, MATE, alternatives ETFs, data as of Nov 4, 2026. https://etfiq.com/funds/mate

Free to use with attribution for data ETFIQ computes; issuer data stays under its owner's terms. The underlying files are at Open data.

Correlation
How closely the fund’s weekly returns moved with the S&P 500’s over the last year, from −1 to 1. At 1 the two rise and fall together, at 0 there is no pattern, and below 0 the fund tended to move the other way.
Beta
How far the fund moved, on average, for each 1% move in the S&P 500 over the same weeks. At 0.3 it moved about 0.3% the same way; below 0 it moved the other way.
Down week
A week in which the S&P 500 fell, measured through SPY with dividends reinvested. A week that ended exactly level is not a down week.
Down-week capture
The fund’s average return in the S&P 500’s down weeks as a share of the index’s own average in those weeks. At 100% it fell as much, at 50% half as much, and below zero it rose. It is weekly and covers one year, so it is not the same number as Morningstar’s downside capture.
Against T-bills
The fund’s total return minus a short Treasury bill fund’s (BIL) over the same year, in percentage points. A fund can steady a portfolio and still earn less than cash.
Full definitions: alternatives ETFs vocabulary page. →
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Snapshot, Nov 4, 2026. More on the tabs above.