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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%. 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 02/27/2024

Fund NAV Market Price
Price ($) $23.79 $23.76
Daily Change ($) +$0.03 +$0.02
Daily Change (%) +0.13% +0.09%

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

03.

Fund Details

Data as of 02/27/2024

Subject Description
Ticker MPAY
CUSIP 30151E582
Exchange NYSE Arca
Inception Date May 5, 2022
Management Fee 0.75%
Acquired Fund Fees & Expenses 0.07%
Gross Expense Ratio 0.82%
Fee Waiver -0.25%
Net Expense Ratio* 0.57%
Subject Description
AUM $1,665,464
Shares 70,001
Holdings 52
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, 2024.

Subject Description
Ticker MPAY
CUSIP 30151E582
Exchange NYSE Arca
Inception Date May 5, 2022
Management Fee 0.75%
Acquired Fund Fees
& Expenses
0.07%
Gross Expense Ratio 0.82%
Fee Waiver -0.25%
Net Expense Ratio* 0.57%
AUM $1,665,464
Shares 70,001
Holdings 52
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, 2024.

04.

Top Holdings

Data as of 02/27/2024

No. Name Ticker FIGI Shares Market Value Weight
1 MICROSOFT ORD MSFT BBG000BPH459 292 $118,984 7.14%
2 APPLE ORD AAPL BBG000B9XRY4 634 $115,787 6.95%
3 NVIDIA ORD NVDA BBG000BBJQV0 119 $93,654 5.62%
4 AMAZON COM ORD AMZN BBG000BVPV84 468 $81,217 4.88%
5 ALPHABET CL C ORD GOOG BBG009S3NB30 550 $77,055 4.63%
6 SPDR GOLD MINISHARES ETV GLDM BBG00L8YYP89 1,717 $69,109 4.15%
7 META PLATFORMS CL A ORD META BBG000MM2P62 128 $62,342 3.74%
8 VANGUARD LONG TERM COR BD ETF VCLT BBG000PWZHX9 597 $45,909 2.76%
9 BROADCOM ORD AVGO BBG00KHY5S69 30 $38,887 2.33%
10 UNITEDHEALTH GRP ORD UNH BBG000CH5208 69 $35,426 2.13%
11 MASTERCARD CL A ORD MA BBG000F1ZSQ2 73 $34,657 2.08%
12 HOME DEPOT ORD HD BBG000BKZB36 85 $31,923 1.92%
13 COSTCO WHOLESALE ORD COST BBG000F6H8W8 41 $30,533 1.83%
14 SALESFORCE ORD CRM BBG000BN2DC2 94 $28,153 1.69%
15 WALMART ORD WMT BBG000BWXBC2 468 $27,888 1.67%
16 ACCENTURE CL A ORD ACN BBG000D9D830 69 $26,076 1.57%
17 UBER TECHNOLOGIES ORD UBER BBG002B04MT8 328 $25,830 1.55%
18 QUALCOMM ORD QCOM BBG000CGC1X8 158 $25,011 1.50%
19 MCDONALD'S ORD MCD BBG000BNSZP1 84 $24,676 1.48%
20 ADOBE ORD ADBE BBG000BB5006 44 $24,310 1.46%
21 INTUIT ORD INTU BBG000BH5DV1 36 $24,097 1.45%
22 LOWE'S COMPANIES ORD LOW BBG000BNDN65 99 $23,304 1.40%
23 LAM RESEARCH ORD LRCX BBG000BNFLM9 25 $23,268 1.40%
24 ORACLE ORD ORCL BBG000BQLTW7 207 $23,056 1.38%
25 CISCO SYSTEMS ORD CSCO BBG000C3J3C9 475 $22,947 1.38%
26 KLA ORD KLAC BBG000BMTFR4 33 $22,360 1.34%
27 TJX ORD TJX BBG000BV8DN6 215 $21,612 1.30%
28 NIKE CL B ORD NKE BBG000C5HS04 205 $21,556 1.29%
29 REGENERON PHARMACEUTICALS ORD REGN BBG000C734W3 21 $20,860 1.25%
30 SHERWIN WILLIAMS ORD SHW BBG000BSXQV7 63 $20,646 1.24%
31 HONEYWELL INTERNATIONAL ORD HON BBG000H556T9 104 $20,611 1.24%
32 T MOBILE US ORD TMUS BBG000NDV1D4 125 $20,578 1.24%
33 SPOTIFY TECHNOLOGY ORD SPOT BBG003T4VFC2 81 $20,495 1.23%
34 VERTEX PHARMACEUTICALS ORD VRTX BBG000C1S2X2 47 $20,253 1.22%
35 LOCKHEED MARTIN ORD LMT BBG000C1BW00 46 $19,800 1.19%
36 GENERAL DYNAMICS ORD GD BBG000BK67C7 71 $19,433 1.17%
37 CDN NATURAL RESOURCE ORD CNQ BBG000HW5GX3 295 $19,502 1.17%
38 HCA HEALTHCARE ORD HCA BBG000QW7VC1 62 $19,468 1.17%
39 AIRBNB CL A ORD ABNB BBG001Y2XS07 127 $19,312 1.16%
40 HILTON WORLDWIDE HOLDINGS ORD HLT BBG0058KMH30 95 $19,341 1.16%
41 GILEAD SCIENCES ORD GILD BBG000CKGBP2 259 $18,912 1.14%
42 YUM BRANDS ORD YUM BBG000BH3GZ2 137 $18,774 1.13%
43 AUTODESK ORD ADSK BBG000BM7HL0 73 $18,757 1.13%
44 DELTA AIR LINES ORD DAL BBG000R7Z112 443 $18,597 1.12%
45 DELL TECHNOLOGIES CL C ORD DELL BBG00DW3SZS1 204 $18,678 1.12%
46 NUCOR ORD NUE BBG000BQ8KV2 96 $18,540 1.11%
47 ELECTRONIC ARTS ORD EA BBG000BP0KQ8 130 $18,135 1.09%
48 PAYPAL HOLDINGS ORD PYPL BBG0077VNXV6 301 $18,108 1.09%
49 AUTOZONE ORD AZO BBG000C7LMS8 6 $17,730 1.06%
50 HUMANA ORD HUM BBG000BLKK03 48 $17,410 1.05%
51 HP ORD HPQ BBG000KHWT55 603 $17,384 1.04%
52 NETAPP ORD NTAP BBG000FP1N32 193 $16,824 1.01%
53 CASH & OTHER 7,688 $7,689 0.46%

Holdings Subject to Change

05.

Fund Performance

Month End as of 1/31/2024

1 Month 3 Months YTD 1 Year 3 Years 5 Years ITD
Fund NAV -0.48% 8.18% -0.48% 7.14% TBD TBD 3.26%
Market Price -0.63% 8.22% -0.63% 6.96% TBD TBD 3.29%

Quarter End as of 12/31/2023

1 Month 3 Months YTD 1 Year 3 Years 5 Years ITD
Fund NAV 4.96% 7.66% 11.88% 11.88% TBD TBD 3.74%
Market Price 5.14% 7.84% 11.76% 11.76% TBD TBD 3.85%

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 greater than 1 year are annualized, returns 1 year or less are not.

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 02/27/2024

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.
$23.79 $23.76 -$0.03 +0.59%
hidingText Days
At NAV
Days
At Premium
Days
At Discount
Calendar Year 2023 2 230 18
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
2022 Form 8937 Download
SAR Download
19a-1 Notice (Feb 24) Download
SOI (Aug 23) Download