Disclosures

LAST UPDATED OCT 3, 2026

1. About this site

Monopoly MOAT ("the Site," "we," "us") is an independent financial publication covering exchange-traded funds ("ETFs") organized around durable market dominance — commonly described as "monopoly," "moat," or "wide-moat" strategies — including the current MPLY, MOAT, and TOLL funds and historical coverage of the liquidated CZAR fund. The Site publishes commentary, estimates, comparisons, and interactive illustrations for general informational and educational purposes only.

2. Affiliation and compensation

Monopoly MOAT is a completely independent publication. We are not owned by, operated by, or affiliated with any ETF issuer, index provider, or fund sponsor named on this Site — including Strategy Shares (MPLY), VanEck (MOAT), Tema (TOLL), and former CZAR sponsor Themes ETFs. No issuer has commissioned, approved, endorsed, or reviewed the Site's content, and we receive no compensation from any issuer, sponsor, or index provider for the commentary, comparisons, estimates, or ratings published here. Our independence is what lets us apply one identical methodology to every fund and let the figures speak for themselves. Should any affiliation, sponsorship, or compensation arrangement with any issuer or sponsor arise in the future, it will be disclosed prominently on this page and in any affected communication before it takes effect.

3. No investment advice; no offer or solicitation

Nothing on this Site constitutes, or should be construed as, investment, legal, accounting, or tax advice, an investment recommendation, or an offer to sell or a solicitation of an offer to buy any security or other financial instrument. The Site does not consider the investment objectives, financial situation, or particular needs of any person. You should not act or refrain from acting on the basis of any content on this Site without seeking advice from professionals licensed in your jurisdiction. We are not a registered investment adviser, broker-dealer, or fiduciary to any reader, and no content here creates any advisory or fiduciary relationship.

4. Risk disclosures

Investing involves risk, including the possible loss of the entire principal amount invested. ETFs are subject to, among other things: market risk; sector, industry, and issuer concentration risk; management and strategy risk (for actively managed funds); index-tracking and rebalancing risk (for index funds); liquidity risk; and trading risks, including premiums and discounts to net asset value and bid-ask spreads that can be substantial for small or newly launched funds. Funds with small asset bases may be liquidated, with potential tax consequences for holders. Funds holding or referencing interests in private companies are subject to valuation uncertainty, stale pricing, limited disclosure, and restricted liquidity in the underlying positions. Diversification does not assure a profit or protect against loss. Before investing in any fund named on this Site, read its prospectus and statement of additional information, which describe these and other risks, fees, and expenses.

5. Performance information and hypothetical illustrations

Past performance is not a guarantee or a reliable indicator of future results. The fixed-date current-fund YTD comparison uses issuer-published NAV total returns through July 31, 2026, with SPY expressly labelled as an S&P 500 ETF proxy. That fixed set was reviewed and approved for publication on August 25, 2026 and may still be corrected if an issuer revises its record. When a complete daily Marketstack snapshot is available, the interactive panel replaces that entire fallback set with adjusted EOD market-price returns for MPLY, MOAT, TOLL, and SPY. The daily panel uses a complete, same-date set of Marketstack adjusted closing prices for MPLY, MOAT, TOLL and SPY. YTD starts at the prior year-end close. A one-year comparison is published only when all four funds have usable starting prices on the newest eligible date returned on or before the one-year anniversary. A start up to three calendar days earlier is labelled Approx. 1Y with its actual dates and duration. A larger gap or incomplete starting set is withheld while valid YTD remains available. Snapshots older than five calendar days are not used. Adjusted closes are intended to reflect splits and distributions; results are market-price total-return estimates, not issuer-published NAV total returns. The data may be delayed or corrected and may differ from performance calculated under a fund's regulatory methodology; the issuer's own published performance controls.

On October 3, 2026, we withdrew the earlier twelve-company historical-return comparison, average-spending table and automatically calculated spending receipts. Their supporting inputs were incomplete. Copies of those older outputs are not verified investment performance or household-spending records. No replacement values are implied by this withdrawal.

The retained cash illustration holds a nominal $1,000 without interest from July 2016 to July 2026. Its purchasing power is measured in July-2016 dollars using the corrected BLS CPI-U all-items, U.S. city-average, not-seasonally-adjusted series: 1,000 × 240.628 ÷ 333.918, rounded to $721. The nominal balance remains $1,000. This is not a savings-account return or an estimate of an individual household's inflation. Sources and calculation.

6. Estimates, methodology, and sources

Every published estimate requires a stated basis and source record. A “pending verification” label does not establish that a numerical claim is substantiated. Fund facts (expense ratios, assets, holdings counts, inception dates and strategies) are compiled from dated issuer materials and may change. Where sources conflict, the issuer's current official documents control. Material corrections and methodology remain available for readers to inspect.

7. Forward-looking statements

Statements that are not historical facts — including characterizations of business durability, "monopoly-like" positioning, or the persistence of any trend — are opinions or forward-looking statements subject to known and unknown risks and uncertainties. Actual outcomes may differ materially. We undertake no obligation to update any statement on this Site.

8. Third-party names, data, and trademarks

All company names, fund names, tickers, index names, and logos referenced on this Site are the property of their respective owners and are used for identification and editorial commentary only. Reference to any company or fund does not imply any endorsement, sponsorship, or association by or with that company, fund, issuer, or index provider. "Landlord," "rent," "monopoly," "tenant," and similar terms are used editorially to describe durable market dominance; no assertion is made that any company is an unlawful monopoly under the antitrust laws of any jurisdiction.

9. Retired spending receipts

The automatic spending receipt and its Tenant/Vassal/Serf labels were withdrawn on October 3, 2026. Earlier receipts used internal estimates and entertainment labels; they are not an assessment of a person's actual spending, a financial score or investment advice. The public embed now explains the withdrawal and links to the Research Desk.

10. Email, segmentation, and privacy

If you submit your email address, we record your consent and add you to the Monopoly MOAT research list. Downloadable workbooks and PDFs are unlocked in your browser after a successful submission; the current system does not email the requested file or a locally generated receipt. We ask whether you are an individual investor or a licensed financial advisor (RIA/BD) so that each audience receives appropriate material; the two lists are maintained separately. Every email contains an unsubscribe mechanism that is honored promptly. We do not sell or rent your email address. The Site collects anonymous, aggregate usage counters (page views and feature usage) without cookies, advertising identifiers, or sale of personal information. Where configured, the main Site also uses PostHog in cookieless mode for anonymous funnel analysis; automatic element capture and session recording are disabled, form fields and email addresses are not sent, and URL query strings are removed before events leave the browser. Aggregate event counters are retained for 90 days. Lead abuse controls use a short cryptographic fingerprint rather than persisting or exporting a raw IP address. Do not submit personal information beyond what a form requests.

Separately from cookieless analytics, requesting a lead-magnet PDF after a saved signup sets an essential first-party cookie for that file. It authorizes downloads for 15 minutes, then expires. The cookie is marked Secure, HttpOnly, and SameSite=Strict: it is sent over HTTPS, cannot be read by page scripts, and is restricted to same-site requests. We use it only for download authorization, not advertising or cross-site tracking. It contains a random token rather than your email address. The authorization database stores a hash of that token, not the token itself. Neither the token nor personal information is placed in the download URL.

11. Optional referral rewards

If the referral program is enabled, a consented subscriber receives a random, opaque code that is not derived from an email address or lead identifier. A referral link may retain that code in the current browser session for up to 30 days. A “qualified referral” means a new person who follows the code and completes the same voluntary, consented signup. Self-referrals, duplicate submissions, malformed codes, automated traffic, and submissions rejected by abuse controls do not count. The referrer can see only an aggregate qualified count—not the identity, email, audience type, or activity of a referred person.

Rewards are non-transferable digital research templates or source packs, have no cash or investment value, and are not a sweepstakes or promise of investment results. Availability and future milestones may change, but a reward already recorded as unlocked will remain available. A person sharing a referral link should say that a qualifying signup may unlock a digital research resource for them. Participation is optional and limited to US residents age 18 or older.

12. No warranty; limitation of liability

The Site and its content are provided "as is" and "as available," without warranties of any kind, express or implied, including accuracy, completeness, timeliness, merchantability, or fitness for a particular purpose. To the maximum extent permitted by law, Monopoly MOAT and its operators, contributors, and data sources shall not be liable for any direct, indirect, incidental, consequential, special, or punitive damages — including lost profits or trading losses — arising out of or relating to your use of, or inability to use, the Site or its content, even if advised of the possibility of such damages. Your sole and exclusive remedy for dissatisfaction with the Site is to stop using it.

13. Jurisdiction

The Site is directed at persons in the United States. Funds referenced on this Site may not be registered or available for purchase in other jurisdictions, and nothing on this Site is directed at any person in any jurisdiction where such publication or availability would be contrary to local law or regulation. No securities regulator or self-regulatory organization has reviewed, approved, or disapproved of the Site or any content on it.

14. Changes; contact

We may amend these disclosures at any time; the "last updated" date above reflects the most recent revision, and continued use of the Site constitutes acceptance of the then-current version. Corrections, questions, and requests: contact@mplymoat.com.

15. Prospectuses

Obtain and read each fund's prospectus before investing: MPLY — strategysharesetfs.com · MOAT — vaneck.com · TOLL — temaetfs.com · former CZAR — SEC-filed liquidation supplement