# Themes Natural Monopoly ETF (CZAR): ETF Facts & Distributions > Markdown mirror of https://www.dividenddata.com/funds/czar for AI agents. Same live data as the HTML page, regenerated on the same refresh cycle. Not investment advice. - Issuer: Themes · Asset class: Equity - Strategy: Passive Index · Inception: 2023-12-13 The CZAR exchange-traded fund endeavors to track the Solactive Natural Monopoly Index, a benchmark comprising international firms identified by their robust competitive advantages within their respective industries. Its investment universe primarily consists of large and mid-sized corporations that satisfy particular prerequisites. These encompass their inclusion in a wider Solactive index targeting Developed Markets, adherence to an average daily trading value threshold, and compliance with specified volume and free-float market capitalization percentage standards. The rigorous stock selec... ## Key Facts | Metric | Value | |---|---| | Price | $31.70 | | Expense Ratio | 0.35% | | Assets Under Management | $1.6M | | NAV | $32.98 | | Holdings Count | 95 | | Distribution Yield (TTM) | 1.48% | | Annual Distribution (TTM) | $0.47 /share | | Distribution Frequency | Irregular | | 52-Week Range | $30.37 – $33.01 | | Beta | 0.62 | ## Latest Distribution - Amount: $0.4696 /share - Ex-date: 2025-12-18 - Pay date: 2025-12-19 ## Frequently Asked Questions ### What does CZAR invest in? The CZAR exchange-traded fund endeavors to track the Solactive Natural Monopoly Index, a benchmark comprising international firms identified by their robust competitive advantages within their respective industries. Its investment universe primarily consists of large and mid-sized corporations that satisfy particular prerequisites. These encompass their inclusion in a wider Solactive index targeting Developed Markets, adherence to an average daily trading value threshold, and compliance with specified volume and free-float market capitalization percentage standards. The rigorous stock selection process for the index is driven by core financial indicators, including sales figures, profit margins, return on equity, the ratio of inventory to total assets, and intangible assets relative to total assets. From this analysis, the five best-performing companies within each sector are selected. The index employs a sector-neutral weighting methodology, factoring in the free-float market capitalization. To ensure balanced exposure, securities are then assigned equal weights within their respective sectors. CZAR undergoes a semi-annual rebalancing, which occurs seven business days following the selection dates in June and December. ### What is the expense ratio of CZAR? Themes Natural Monopoly ETF (CZAR) charges an expense ratio of 0.35%. This is the annual fee deducted from fund assets to cover management and operations. ### How big is CZAR? Themes Natural Monopoly ETF (CZAR) manages $1.6M in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure. Funds below ~$50M are at higher risk of liquidation. ### Is CZAR actively managed or an index fund? CZAR is a passive index fund. It tracks a published benchmark by holding the constituents in their published weights. Index funds typically charge low expense ratios (CZAR's is 0.35%) because there's no security selection cost. ### When was CZAR launched? Themes Natural Monopoly ETF (CZAR) launched in December 2023 and is managed by Themes. ### How has CZAR performed? CZAR's total return (price change plus reinvested distributions) is charted at the top of this page. Switch the price chart to Total Return and pick a 1-year, 3-year, 5-year, or 10-year window to read the compound annual growth rate (CAGR) over each horizon. ### Does CZAR pay a dividend? Themes Natural Monopoly ETF (CZAR) currently distributes little or no income. Trailing-twelve-month yield is 1.48%. Investors looking for income should consider income-focused alternatives. See the Peers tab. ### How often does CZAR pay dividends? Themes Natural Monopoly ETF pays dividends Irregular. Each ex-dividend date, record date, and payment date is listed in the dividend history table on this page. ### What is CZAR's dividend yield? CZAR's trailing-twelve-month yield is 1.48%, calculated from the sum of dividends over the past year divided by the current price. ### When is CZAR's next ex-dividend date? The most recently announced ex-dividend date for CZAR was 2025-12-18. The next ex-date typically follows Irregular; once announced it appears at the top of the dividend history table on this page. ### How much will CZAR's expense ratio cost me over 30 years? On a $10,000 investment compounding at 7% gross return, a 0.35% expense ratio quietly compounds against your balance every year. The Fee Compounding Forecast card above projects the dollar drag for any holding period and assumption you pick. The typical result for a 1.0% expense ratio on a 30-year hold is roughly 25% of the final balance lost to fees. ### How does CZAR charge its expense ratio? The expense ratio is deducted in tiny daily slices from CZAR's net asset value (NAV). You never see a bill. The price quoted on every exchange is already net of fees. There's no "fee day" to avoid; the cost is continuous and built into the trading price. ### Why does CZAR cost more than a fund like VOO? CZAR is a passive index fund (current expense ratio 0.35%). Differences from broad-market ETFs like VOO usually come from index licensing fees, asset class (bond funds typically run cheaper than equity), or fund scale (smaller funds spread fixed operating costs across less AUM). ### Are there cheaper alternatives to CZAR? The Lower-Fee Alternatives card above lists ETFs following the same investment strategy as CZAR (0.35%) but at a lower expense ratio. Each row shows the fee gap, the peer's AUM as a liquidity sanity-check, and a direct link to that fund's analysis page. Cheaper price doesn't automatically mean better. Verify the peer holds what you actually want. ## More on Dividend Data - Overview (HTML): https://www.dividenddata.com/funds/czar - Distribution history: https://www.dividenddata.com/funds/czar/dividend - Holdings & diversification: https://www.dividenddata.com/funds/czar/diversification - Fees & cheaper alternatives: https://www.dividenddata.com/funds/czar/expenses - Peer comparison: https://www.dividenddata.com/funds/czar/peers Data sourced from primary filings and market data providers; see https://www.dividenddata.com/methodology.