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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 09/25/2023

Fund NAV Market Price
Amount ($) $21.98 $21.99
Daily Change ($) +$0.03 +$0.02
Daily Change (%) +0.14% +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 09/25/2023

Subject Description
Ticker MPAY
CUSIP 30151E582
Exchange NYSE Arca
Inception Date May 5, 2022
Gross Expense Ratio 0.82%
Net Expense Ratio* 0.57%
AUM $2,198,211
Shares 100,001
Holdings 61
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, 2024.

Subject Description
Ticker MPAY
CUSIP 30151E582
Exchange NYSE Arca
Inception Date May 5, 2022
Gross Expense Ratio 0.82%
Net Expense Ratio* 0.57%
AUM $2,198,211
Shares 100,001
Holdings 61
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 09/25/2023

No. Name Ticker FIGI Shares Market Value Weight
1 SPDR S&P GLOBAL NATURAL RESOURCS ETF GNR BBG0015XSHT0 3,992 $222,913 10.14%
2 FLEXSHARES UPSTREAM NATURAL IDX ETF GUNR BBG00243P818 5,452 $221,460 10.07%
3 SPDR GOLD MINISHARES ETV GLDM BBG00L8YYP89 5,821 $221,256 10.07%
4 VANGUARD SHORT TERM TREASURY ETF VGSH BBG000PWZXV6 2,951 $169,771 7.72%
5 SPDR S&P NRTH AMRCN NTRL RSRC ETF NANR BBG00BNK9JC1 3,130 $167,267 7.61%
6 VANGUARD SHORT TERM COR BD ETF VCSH BBG000PWXXY5 1,789 $134,497 6.12%
7 VANGUARD TOTAL INTERNATIONAL STK ETF VXUS BBG001F8JPC4 2,040 $110,323 5.02%
8 VANGUARD REAL ESTATE ETF VNQ BBG000Q89NG6 1,341 $103,753 4.72%
9 ISHARES BROAD USD HG YLD CRP BND ETF USHY BBG00J2DRZT9 2,569 $89,427 4.07%
10 ISHARES GOLD TRUST MICRO IAUM BBG011K3SN42 4,613 $88,224 4.01%
11 ALPHABET CL A ORD GOOGL BBG009S39JX6 393 $51,526 2.34%
12 WALMART ORD WMT BBG000BWXBC2 175 $28,537 1.30%
13 CISCO SYSTEMS ORD CSCO BBG000C3J3C9 497 $26,580 1.21%
14 ACCENTURE CL A ORD ACN BBG000D9D830 81 $25,676 1.17%
15 VANGUARD LONG TERM COR BD ETF VCLT BBG000PWZHX9 308 $22,342 1.02%
16 LOWE'S COMPANIES ORD LOW BBG000BNDN65 89 $18,912 0.86%
17 MCKESSON ORD MCK BBG000DYGNW7 35 $15,625 0.71%
18 ILLINOIS TOOL ORD ITW BBG000BMBL90 63 $14,772 0.67%
19 COLGATE PALMOLIVE ORD CL BBG000BFQYY3 199 $14,372 0.65%
20 MARRIOTT INTERNATIONAL CL A ORD MAR BBG000BGD7W6 68 $13,119 0.60%
21 AUTODESK ORD ADSK BBG000BM7HL0 63 $12,957 0.59%
22 KROGER ORD KR BBG000BMY992 276 $12,616 0.57%
23 TE CONNECTIVITY ORD TEL BBG000RGM5P1 102 $12,549 0.57%
24 WILLIAMS SONOMA ORD WSM BBG000FSMWC3 77 $12,034 0.55%
25 FERGUSON ORD FERG BBG00P5M4V07 79 $11,938 0.54%
26 TEXTRON ORD TXT BBG000BVVQQ8 148 $11,674 0.53%
27 MURPHY USA ORD MUSA BBG001Z0Q6T5 34 $11,721 0.53%
28 LENNOX INTERNATIONAL ORD LII BBG000BB5B84 30 $11,403 0.52%
29 H&R BLOCK ORD HRB BBG000BLDV98 270 $11,499 0.52%
30 NETAPP ORD NTAP BBG000FP1N32 151 $11,402 0.52%
31 ULTA BEAUTY ORD ULTA BBG00FWQ4VD6 28 $11,155 0.51%
32 ACUITY BRANDS ORD AYI BBG000BJ5HK0 66 $10,911 0.50%
33 MANHATTAN ASSOCIATES ORD MANH BBG000BFV758 55 $10,778 0.49%
34 RELIANCE STEEL ORD RS BBG000CJ2181 41 $10,828 0.49%
35 MOSAIC ORD MOS BBG000BFXHL6 290 $10,472 0.48%
36 KBR ORD KBR BBG000P28YZ6 177 $10,563 0.48%
37 VERITIV ORD VRTV BBG005XZHR97 62 $10,447 0.48%
38 LANDSTAR SYSTEM ORD LSTR BBG000BB2KN0 56 $10,277 0.47%
39 GROUP 1 AUTOMOTIVE ORD GPI BBG000BB88K4 40 $10,355 0.47%
40 MASCO ORD MAS BBG000BNNKG9 192 $10,230 0.47%
41 ABERCROMBIE AND FITCH CL A ORD ANF BBG000H9G7X2 200 $10,352 0.47%
42 YETI HOLDINGS ORD YETI BBG00D8JC882 218 $10,357 0.47%
43 AUTONATION ORD AN BBG000BBXLW4 67 $10,117 0.46%
44 AVNET ORD AVT BBG000BCPB71 210 $10,132 0.46%
45 NEWMARKET ORD NEU BBG000BJ5SS8 22 $10,103 0.46%
46 URBAN OUTFITTERS ORD URBN BBG000BL79J3 319 $10,128 0.46%
47 CH ROBINSON WORLDWIDE ORD CHRW BBG000BTCH57 117 $10,014 0.46%
48 DICKS SPORTING ORD DKS BBG000F6ZWH2 94 $10,097 0.46%
49 CRANE ORD CR BBG016G0L0Q5 117 $10,101 0.46%
50 CABOT ORD CBT BBG000BF3WW4 145 $9,867 0.45%
51 CARTERS ORD CRI BBG000CTM4J9 147 $9,961 0.45%
52 TEMPUR SEALY INTERNATIONAL ORD TPX BBG000PXGT62 232 $9,860 0.45%
53 MEDPACE HOLDINGS ORD MEDP BBG0065B7K59 40 $9,788 0.45%
54 MANPOWERGROUP ORD MAN BBG000BNMHS4 132 $9,714 0.44%
55 BATH AND BODY WORKS ORD BBWI BBG000BNGTQ7 285 $9,425 0.43%
56 NORDSTROM ORD JWN BBG000G8N9C6 662 $9,480 0.43%
57 CORVEL ORD CRVL BBG000CVKZY0 48 $9,187 0.42%
58 TRAVEL LEISURE ORD TNL BBG000PV2L86 256 $9,283 0.42%
59 EXP WORLD HOLDINGS ORD EXPI BBG001DCTG63 535 $8,934 0.41%
60 OSI SYSTEMS ORD OSIS BBG000BWPR54 77 $8,761 0.40%
61 CASH & OTHER 8,356 $8,357 0.38%
62 KOHL'S ORD KSS BBG000CS7CT9 391 $8,031 0.37%

Holdings Subject to Change

05.

Fund Performance

Month End as of 8/31/2023

1 Month 3 Months YTD 1 Year 3 Years 5 Years ITD
Fund NAV -2.19% 4.77% 6.90% 5.12% TBD TBD 1.54%
Market Price -2.09% 4.55% 6.66% 5.14% TBD TBD 1.61%

Quarter End as of 6/30/2023

1 Month 3 Months YTD 1 Year 3 Years 5 Years ITD
Fund NAV 3.90% 1.43% 6.01% 8.24% TBD TBD 0.69%
Market Price 3.87% 1.62% 5.96% 8.54% TBD TBD 0.94%

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 09/25/2023

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.
$21.98 $21.99 +$0.01 +0.27%
hidingText Days
At NAV 		Days
At Premium 		Days
At Discount
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 (Sep 23) Download
SOI (Feb 23) Download
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