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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%. 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 12/07/2023

Fund NAV Market Price
Amount ($) $22.27 $22.28
Daily Change ($) +$0.09 +$0.10
Daily Change (%) +0.41% +0.44%

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 12/07/2023

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 $1,558,595
Shares 70,001
Holdings 59
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 $1,558,595
Shares 70,001
Holdings 59
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 12/07/2023

No. Name Ticker FIGI Shares Market Value Weight
1 ISHARES GLOBAL INFRASTRUCTURE ETF IGF BBG000T1GGF6 3,349 $154,958 9.94%
2 XTRACKERS USD HIGH YIELD COR BND ETF HYLB BBG00FGWY3Q6 4,410 $153,821 9.87%
3 ISHARES BROAD USD HG YLD CRP BND ETF USHY BBG00J2DRZT9 4,307 $153,760 9.87%
4 DBX XTRCKR LW BTA HG YLD BND ETF HYDW BBG00JQCHV15 3,367 $153,805 9.87%
5 VANGUARD GLBAL EX US REAL ESTATE ETF VNQI BBG001877Z08 3,590 $150,062 9.63%
6 VANGUARD TOTAL INTERNATIONAL STK ETF VXUS BBG001F8JPC4 2,279 $127,966 8.21%
7 SPDR S&P GLOBAL INFRASTRUCTURE ETF GII BBG000Q8TM21 1,844 $97,197 6.24%
8 APPLE ORD AAPL BBG000B9XRY4 219 $42,545 2.73%
9 MICROSOFT ORD MSFT BBG000BPH459 110 $40,804 2.62%
10 VANGUARD LONG TERM COR BD ETF VCLT BBG000PWZHX9 339 $26,283 1.69%
11 HOME DEPOT ORD HD BBG000BKZB36 49 $15,982 1.03%
12 CISCO SYSTEMS ORD CSCO BBG000C3J3C9 261 $12,596 0.81%
13 QUALCOMM ORD QCOM BBG000CGC1X8 89 $11,832 0.76%
14 UBER TECHNOLOGIES ORD UBER BBG002B04MT8 191 $11,647 0.75%
15 CVS HEALTH ORD CVS BBG000BGRY34 152 $11,250 0.72%
16 T MOBILE US ORD TMUS BBG000NDV1D4 67 $10,476 0.67%
17 LOCKHEED MARTIN ORD LMT BBG000C1BW00 23 $10,284 0.66%
18 GENERAL DYNAMICS ORD GD BBG000BK67C7 39 $9,808 0.63%
19 DELTA AIR LINES ORD DAL BBG000R7Z112 239 $9,641 0.62%
20 PAYPAL HOLDINGS ORD PYPL BBG0077VNXV6 166 $9,708 0.62%
21 STELLANTIS ORD STLA BBG0078ZLDG9 428 $9,651 0.62%
22 CENTENE ORD CNC BBG000BDXCJ5 129 $9,577 0.61%
23 FERGUSON ORD FERG BBG00P5M4V07 53 $9,469 0.61%
24 HCA HEALTHCARE ORD HCA BBG000QW7VC1 37 $9,396 0.60%
25 CUMMINS ORD CMI BBG000BGPTV6 40 $9,229 0.59%
26 EXPEDIA GROUP ORD EXPE BBG000QY3XZ2 64 $9,194 0.59%
27 OTIS WORLDWIDE ORD OTIS BBG00RP60KV0 107 $9,273 0.59%
28 VALERO ENERGY ORD VLO BBG000BBGGQ1 74 $9,033 0.58%
29 KIMBERLY CLARK ORD KMB BBG000BMW2Z0 75 $9,112 0.58%
30 SCOTTS MIRACLE GRO ORD SMG BBG000BT5PG5 148 $9,112 0.58%
31 CBRE GROUP CL A ORD CBRE BBG000C04224 110 $9,093 0.58%
32 DOW ORD DOW BBG00BN96922 176 $8,988 0.58%
33 VISTRA ORD VST BBG00DXDL6Q1 243 $9,032 0.58%
34 BEST BUY ORD BBY BBG000BCWCG1 120 $8,947 0.57%
35 PAPA JOHNS INTERNATIONAL ORD PZZA BBG000BFWF13 126 $8,951 0.57%
36 CORNING ORD GLW BBG000BKFZM4 308 $8,935 0.57%
37 EBAY ORD EBAY BBG000C43RR5 214 $8,877 0.57%
38 BRINK'S ORD BCO BBG000DR5QP5 106 $8,889 0.57%
39 HP ORD HPQ BBG000KHWT55 302 $8,882 0.57%
40 DAVITA ORD DVA BBG000MQ1SN9 84 $8,882 0.57%
41 KEYSIGHT TECHNOLOGIES ORD KEYS BBG0059FN811 63 $8,939 0.57%
42 JONES LANG LASALLE ORD JLL BBG000C2L2L0 53 $8,735 0.56%
43 AMCOR ORD AMCR BBG00LNJRQ09 898 $8,657 0.56%
44 COMMERCIAL METALS ORD CMC BBG000BFSND8 186 $8,573 0.55%
45 CIENA ORD CIEN BBG000BP1152 184 $8,521 0.55%
46 ETSY ORD ETSY BBG000N7MXL8 109 $8,608 0.55%
47 WESTROCK ORD WRK BBG008NXC572 210 $8,604 0.55%
48 BAKER HUGHES CL A ORD BKR BBG00GBVBK51 268 $8,504 0.55%
49 AUTONATION ORD AN BBG000BBXLW4 62 $8,456 0.54%
50 RALPH LAUREN CL A ORD RL BBG000BS0ZF1 64 $8,395 0.54%
51 VALVOLINE ORD VVV BBG003DNHV56 241 $8,462 0.54%
52 HEWLETT PACKARD ENTERPRISE ORD HPE BBG0078W3NQ3 525 $8,463 0.54%
53 LAUREATE EDUCATION ORD LAUR BBG00B4Z2YX0 628 $8,346 0.54%
54 DXC TECHNOLOGY ORD DXC BBG00FN64XT9 356 $8,402 0.54%
55 KOHL'S ORD KSS BBG000CS7CT9 347 $8,293 0.53%
56 DELL TECHNOLOGIES CL C ORD DELL BBG00DW3SZS1 115 $7,888 0.51%
57 BOX CL A ORD BOX BBG000PMSK08 319 $7,723 0.50%
58 TERADATA ORD TDC BBG000R0L5J4 176 $7,638 0.49%
59 SPDR PORTFOLIO HIGH YIELD BND ETF SPHY BBG0034VNB73 255 $5,857 0.38%
60 CASH & OTHER 4,585 $4,586 0.29%

Holdings Subject to Change

05.

Fund Performance

Month End as of 11/30/2023

1 Month 3 Months YTD 1 Year 3 Years 5 Years ITD
Fund NAV 3.57% -0.28% 4.77% TBD TBD TBD 1.25%
Market Price 3.57% -0.34% 4.84% TBD TBD TBD 1.26%

Quarter End as of 9/30/2023

1 Month 3 Months YTD 1 Year 3 Years 5 Years ITD
Fund NAV -2.78% -1.97% 3.92% 6.00% TBD TBD -1.29%
Market Price -2.84% -2.20% 3.64% 6.02% TBD TBD -1.27%

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 12/07/2023

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.
$22.27 $22.28 +$0.01 +0.23%
hidingText Days
At NAV 		Days
At Premium 		Days
At Discount
3Q 2023 2 55 6
2Q 2023 0 58 4
1Q 2023 0 57 5
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
2022 Form 8937 Download
SAR Download
19a-1 Notice (Nov 23) Download
SOI (Aug 23) Download
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