loading-logo

logo__img

7% Annualized Target
Monthly Payout Yield

MPAY aims to provide your new passive income yield with capital gain.

Akros Monthly Payout ETF (Ticker: MPAY)

  • Income

    ?% vs. 7%

    MPAY seeks to generate income at the annualized target yield of 7% with capital gain to achieve distribution growth.

  • Distribution

    Annual vs. Monthly

    MPAY adopts a monthly payout policy at the given target rate.

  • Strategy

    Single Asset vs. Multi Assets

    MPAY represents a multi-asset portfolio potentially exposed to each of the 19 asset classes.

One of the cores of an investment decision is to generate income flow from your current asset. MPAY adopts a policy of monthly distribution payout at the annualized target rate of 7%. It has consistently accomplished the goal of tracking the 7% target distribution yield of the Akros Multi-Asset Index to accommodate for your new potential stream of passive income. All or a portion of a distribution may consist of a return of capital from the original investment and the distribution rate may be modified at any time.

MPAY takes into consideration the current macroeconomic landscape to represent a portfolio potentially invested across multiple asset classes, including but not limited to:
  • Equity
  • Corporate Bond
  • Global Infrastructure
  • REITs
  • TIPS
  • Gold
  • Treasury Bond
  • MBS
  • Commodity

The Fund seeks to make cash distributions once per month throughout a calendar year with the goal, but not the guarantee of an annualized target rate of 7.0%. All or a portion of a distribution may consist of a return of capital from the original investment and the distribution rate may be modified at any time.

01.

Fund NAV and Market Price

Data as of 02/02/2023

Fund NAV Market Price
Amount ($) $23.03 $23.14
Daily Change ($) +$0.01 +$0.13
Daily Change (%) +0.04% +0.58%

The market price returns are based on the official closing price of an ETF share or, if the official closing price isn't available, the midpoint between the national best bid and national best offer ("NBBO") as of the time the ETF calculates current NAV per share. Shares are not redeemable with the issuing fund, Instead, investors must buy and sell Akros ETF Shares in the secondary market and hold those shares in a brokerage account. In doing so, the investor may incur brokerage commissions and may pay more than net asset value when buying and receive less than net asset value when selling.

02.

Distributions

Ex Date Record Date Pay Date Dividend Long Term
Capital Gains
Short Term
Capital Gains
02/02/2023 02/03/2023 02/06/2023 $0.1335 - -
01/04/2023 01/05/2023 01/09/2023 $0.1292 - -
12/02/2022 12/05/2022 12/07/2022 $0.1322 - -
11/02/2022 11/03/2022 11/07/2022 $0.1285 - -
10/04/2022 10/05/2022 10/07/2022 $0.1289 - -
09/02/2022 09/06/2022 09/08/2022 $0.1344 - -
08/02/2022 08/03/2022 08/05/2022 $0.1360 - -
07/05/2022 07/06/2022 07/08/2022 $0.1310 - -
06/02/2022 06/03/2022 06/07/2022 $0.1413 - -

03.

Fund Details

Data as of 02/02/2023

Subject Description
Ticker MPAY
CUSIP 30151E582
Exchange NYSE Arca
Inception Date May 5, 2022
Gross Expense Ratio 0.84%
Net Expense Ratio* 0.59%
AUM $2,533,462
Shares 110,001
Holdings 58
Subject Description
Advisor Exchange Traded Concepts
Administrator Bank of New York Mellon
Distributor Foreside Fund Services
Benchmark The Akros Multi-Asset Index
Index Calculator Moorgate Benchmarks
Index Provider Akros Technologies, Inc.
Rebalance Monthly

*The Advisor has contractually agreed to waive fees through May 1, 2023.

Subject Description
Ticker MPAY
CUSIP 30151E582
Exchange NYSE Arca
Inception Date May 5, 2022
Gross Expense Ratio 0.84%
Net Expense Ratio* 0.59%
AUM $2,533,462
Shares 110,001
Holdings 58
Advisor Exchange Traded Concepts
Administrator Bank of New York Mellon
Distributor Foreside Fund Services
Benchmark The Akros Multi-Asset Index
Index Calculator Moorgate Benchmarks
Index Provider Akros Technologies, Inc.
Rebalance Monthly

*The Advisor has contractually agreed to waive fees through May 1, 2023.

04.

Top Holdings

Data as of 02/02/2023

No. Name Ticker FIGI Shares Market Value Weight
1 ISHARES 20+ YEAR TREASURY BO TLT BBG000BJKYW3 2,332 $252,602 9.97%
2 VANGUARD LONG TERM TREASURY ETF VGLT BBG000PX0M82 3,784 $252,355 9.96%
3 SPDR LONG TERM TREASURY ETF SPTL BBG000RFRG83 8,037 $252,281 9.96%
4 SPDR BLMBRG BRCLY 1 3 MNTH T ETF BIL BBG000RFQSH8 2,703 $247,162 9.76%
5 ISHARES TREASURY FLOATNG RATE BD ETF TFLO BBG005YTNMT2 4,904 $247,162 9.76%
6 ISHARES 0 TO 3 MNTH TREASURY BND ETF SGOV BBG00TZR7XN3 2,468 $247,121 9.75%
7 MICROSOFT ORD MSFT BBG000BPH459 311 $82,291 3.25%
8 APPLE ORD AAPL BBG000B9XRY4 528 $79,633 3.14%
9 WISDOMTREE FLOATING RATE TREASRY ETF USFR BBG005YHYNF9 751 $37,798 1.49%
10 MASTERCARD CL A ORD MA BBG000F1ZSQ2 97 $36,369 1.44%
11 ELI LILLY ORD LLY BBG000BNBDC2 96 $31,747 1.25%
12 CISCO SYSTEMS ORD CSCO BBG000C3J3C9 521 $25,696 1.01%
13 WALMART ORD WMT BBG000BWXBC2 177 $25,421 1.00%
14 ABBOTT LABORATORIES ORD ABT BBG000B9ZXB4 223 $25,032 0.99%
15 ACCENTURE CL A ORD ACN BBG000D9D830 85 $24,998 0.99%
16 ADOBE ORD ADBE BBG000BB5006 63 $24,710 0.98%
17 NIKE CL B ORD NKE BBG000C5HS04 175 $22,586 0.89%
18 PHILIP MORRIS INTERNATIONAL ORD PM BBG000J2XL74 216 $22,358 0.88%
19 LOWES COMPANIES ORD LOW BBG000BNDN65 98 $21,713 0.86%
20 APPLIED MATERIAL ORD AMAT BBG000BBPFB9 161 $20,006 0.79%
21 INTERNATIONAL BUSINESS MACHINES ORD IBM BBG000BLNNH6 145 $19,777 0.78%
22 STARBUCKS ORD SBUX BBG000CTQBF3 181 $19,756 0.78%
23 LOCKHEED MARTIN ORD LMT BBG000C1BW00 39 $17,830 0.70%
24 BOOKING HOLDINGS ORD BKNG BBG000BLBVN4 7 $17,183 0.68%
25 ILLINOIS TOOL ORD ITW BBG000BMBL90 68 $17,037 0.67%
26 SHERWIN WILLIAMS ORD SHW BBG000BSXQV7 65 $15,948 0.63%
27 KLA ORD KLAC BBG000BMTFR4 38 $15,742 0.62%
28 MOODYS ORD MCO BBG000F86GP6 48 $15,816 0.62%
29 AON CL A ORD AON BBG00SSQFPK6 49 $15,827 0.62%
30 AUTODESK ORD ADSK BBG000BM7HL0 68 $15,519 0.61%
31 SYNOPSYS ORD SNPS BBG000BSFRF3 42 $15,481 0.61%
32 MSCI ORD MSCI BBG000RTDY25 27 $15,348 0.61%
33 COLGATE PALMOLIVE ORD CL BBG000BFQYY3 207 $15,262 0.60%
34 ESTEE LAUDER CL A ORD EL BBG000FKJRC5 57 $15,299 0.60%
35 IDEXX LABORATORIES ORD IDXX BBG000BLRT07 29 $14,622 0.58%
36 MOTOROLA SOLUTIONS ORD MSI BBG000BP8Z50 56 $14,332 0.57%
37 FORTINET ORD FTNT BBG000BCMBG4 263 $14,161 0.56%
38 KIMBERLY CLARK ORD KMB BBG000BMW2Z0 109 $14,190 0.56%
39 METTLER TOLEDO ORD MTD BBG000BZCKH3 9 $14,255 0.56%
40 OTIS WORLDWIDE ORD OTIS BBG00RP60KV0 166 $13,921 0.55%
41 GARTNER ORD IT BBG000BB65D0 39 $13,593 0.54%
42 YUM BRANDS ORD YUM BBG000BH3GZ2 106 $13,590 0.54%
43 EBAY ORD EBAY BBG000C43RR5 264 $13,638 0.54%
44 HP ORD HPQ BBG000KHWT55 446 $13,732 0.54%
45 SPLUNK ORD SPLK BBG001C7TST4 128 $13,695 0.54%
46 KEYSIGHT TECHNOLOGIES ORD KEYS BBG0059FN811 75 $13,664 0.54%
47 ETSY ORD ETSY BBG000N7MXL8 91 $13,486 0.53%
48 VMWARE CL A ORD VMW BBG000BC9938 106 $13,146 0.52%
49 BAXTER INTERNATIONAL ORD BAX BBG000BCVJ77 280 $13,163 0.52%
50 FAIR ISAAC ORD FICO BBG000DW76Y6 19 $13,116 0.52%
51 WATERS ORD WAT BBG000FQRVM3 38 $13,081 0.52%
52 BEST BUY ORD BBY BBG000BCWCG1 142 $12,982 0.51%
53 VERISIGN ORD VRSN BBG000BGKHZ3 58 $12,897 0.51%
54 HEWLETT PACKARD ENTERPRISE ORD HPE BBG0078W3NQ3 780 $12,800 0.51%
55 NETAPP ORD NTAP BBG000FP1N32 184 $12,705 0.50%
56 ELECTRONIC ARTS ORD EA BBG000BP0KQ8 104 $12,063 0.48%
57 MATCH GROUP ORD MTCH BBG00VT0KNC3 230 $12,091 0.48%
58 SCHWAB LONG TERM US TREASURY ETF SCHQ BBG00PZFJPC3 270 $10,303 0.41%
59 CASH & OTHER 3,371 $3,371 0.13%

Holdings Subject to Change

05.

Fund Performance

Month End as of 1/31/2023

1 Month 3 Months YTD ITD 1 Year 3 Years 5 Years
Fund NAV 3.92% 5.68% 3.92% -1.29% TBD TBD TBD
Market Price 3.84% 5.91% 3.84% -1.08% TBD TBD TBD

Quarter End as of 12/31/2022

1 Month 3 Months YTD ITD 1 Year 3 Years 5 Years
Fund NAV -1.72% 2.00% TBD -5.02% TBD TBD TBD
Market Price -1.38% 2.31% TBD -4.74% TBD TBD TBD

Performance data quoted represents past performance and is no guarantee of future results. Investment return and principal value of an investment will fluctuate so that an investor's shares, when redeemed, may be worth more or less than the original cost. Current performance may be lower or higher than the original cost. Returns for periods of less than one year are cumulative.

Shares are bought and sold at market price (not NAV) and are not individually redeemed from the Fund. The returns shown do not represent the returns you would receive if you traded shares at other times. Brokerage commissions will reduce returns. The market price returns are based on the official closing price of an ETF share or, if the official closing price isn't available, the midpoint between the national best bid and national best offer (“NBBO”) as of the time the ETF calculates current NAV per share. NAVs are calculated using prices as of 4:00 PM Eastern Time.

Inception to date (ITD)

06.

Premium/Discount

Data as of 02/02/2023

Fund
NAV
Market
Price
Premium/
Discount

30-Day Median
Bid/Ask Spread

30-Day Median Bid/Ask Spread : The spread is calculated from (i) sampling the ETF's NBBO as of the end of each 10 second interval during each trading day of the last 30 calendar days; (ii) dividing the difference between each such bid and offer by the midpoint of the NBBO; and (iii) identifying the median of those values.
$23.03 $23.14 +$0.11 +0.44%
hidingText Days
At NAV
Days
At Premium
Days
At Discount
Calendar Year 2022 0 154 12
30-Day Median Bid/Ask Spread : The spread is calculated from (i) sampling the ETF's NBBO as of the end of each 10 second interval during each trading day of the last 30 calendar days; (ii) dividing the difference between each such bid and offer by the midpoint of the NBBO; and (iii) identifying the median of those values.

07.

Fund Materials

Index Methodology Download
Summary Prospectus Download
Prospectus Download
SAI Download
SAR Download
SOI (Aug 22) Download
Annual Report Download
19a-1 Notice (Jan 23) Download
19a-1 Notice (Dec 22) Download
19a-1 Notice (Nov 22) Download
19a-1 Notice (Oct 22) Download
19a-1 Notice (Sep 22) Download
19a-1 Notice (Aug 22) Download