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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.

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%.

01.

Fund NAV and Market Price

Data as of 10/04/2022

Fund NAV Market Price
Amount ($) $22.19 $22.39
Daily Change ($) -$0.06 +$0.15
Daily Change (%) -0.27% +0.66%

The market price is determined by the midpoint between the bid and asked prices as of the closing time of the New York Stock Exchange (typically 4 pm, Eastern time) on business days. 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
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 10/04/2022

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 $2,218,900
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, 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 $2,218,900
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, 2023.

04.

Top Holdings

Data as of 10/04/2022

No. Name Ticker FIGI Shares Market Value Weight
1 GLDMN SCH ACS INFLA PRTC USD BND ETF GTIP BBG00M56BT79 4,596 $222,446 10.03%
2 SPDR PORTFOLIO TIPS ETF SPIP BBG000RFRRV3 8,640 $222,394 10.02%
3 SCHWAB US TIPS ETF SCHP BBG000BGN6P5 4,222 $221,528 9.98%
4 VANGUARD LONG TERM TREASURY ETF VGLT BBG000PX0M82 3,460 $220,091 9.92%
5 WISDOMTREE FLOATING RATE TREASRY ETF USFR BBG005YHYNF9 4,379 $220,220 9.92%
6 SPDR BLMBRG BRCLY 1 3 MNTH T ETF BIL BBG000RFQSH8 2,404 $219,846 9.91%
7 ISHARES TREASURY FLOATNG RATE BD ETF TFLO BBG005YTNMT2 4,360 $219,831 9.91%
8 ISHARES 0 TO 3 MNTH TREASURY BND ETF SGOV BBG00TZR7XN3 2,197 $219,986 9.91%
9 INVSC TREASURY COLLATERAL ETF CLTL BBG00FQKKZT2 1,415 $149,127 6.72%
10 ISHARES TIPS BOND ETF TIP BBG000C01W49 1,303 $138,991 6.26%
11 ISHARES 20+ YEAR TREASURY BO TLT BBG000BJKYW3 420 $43,487 1.96%
12 MICROSOFT ORD MSFT BBG000BPH459 37 $9,209 0.42%
13 APPLE ORD AAPL BBG000B9XRY4 62 $9,058 0.41%
14 CASH & OTHER 6,297 $6,297 0.28%
15 VISA CL A ORD V BBG000PSKYX7 31 $5,755 0.26%
16 BROADCOM LIMITED AVGO BBG00KHY5S69 8 $3,839 0.17%
17 ORACLE ORD ORCL BBG000BQLTW7 53 $3,482 0.16%
18 ACCENTURE CL A ORD ACN BBG000D9D830 12 $3,292 0.15%
19 AMGEN ORD AMGN BBG000BBS2Y0 12 $2,796 0.13%
20 NIKE CL B ORD NKE BBG000C5HS04 32 $2,836 0.13%
21 INTEL ORD INTC BBG000C0G1D1 99 $2,742 0.12%
22 FISERV ORD FISV BBG000BJKPG0 22 $2,172 0.10%
23 ESTEE LAUDER CL A ORD EL BBG000FKJRC5 10 $2,273 0.10%
24 TWITTER ORD TWTR BBG000H6HNW3 41 $2,132 0.10%
25 VMWARE CL A ORD VMW BBG000BC9938 18 $2,032 0.09%
26 FIDELITY NATIONAL INFORMATN SVCS ORD FIS BBG000BK2F42 25 $1,988 0.09%
27 L3HARRIS TECHNOLOGIES ORD LHX BBG000BLGFJ9 9 $2,017 0.09%
28 KLA ORD KLAC BBG000BMTFR4 6 $1,964 0.09%
29 LAM RESEARCH ORD LRCX BBG000BNFLM9 5 $2,003 0.09%
30 MOODYS ORD MCO BBG000F86GP6 8 $2,096 0.09%
31 CONSTELLATION BRANDS CL A ORD STZ BBG000J1QLT0 8 $1,899 0.09%
32 TE CONNECTIVITY ORD TEL BBG000RGM5P1 16 $1,896 0.09%
33 FACTSET RESEARCH SYSTEMS ORD FDS BBG000BDJL83 4 $1,689 0.08%
34 KIMBERLY CLARK ORD KMB BBG000BMW2Z0 16 $1,860 0.08%
35 PARKER HANNIFIN ORD PH BBG000BR3KL6 7 $1,841 0.08%
36 GLOBAL PAYMENTS ORD GPN BBG000CX0P89 16 $1,858 0.08%
37 CARDINAL HEALTH ORD CAH BBG000D898T9 24 $1,676 0.08%
38 LABORATORY CORPRTN OF AMER HLDGS ORD LH BBG000D9DMK0 8 $1,728 0.08%
39 FAIR ISAAC ORD FICO BBG000DW76Y6 4 $1,765 0.08%
40 CGI ORD GIB BBG000FWZL89 21 $1,684 0.08%
41 RESMED ORD RMD BBG000L4M7F1 8 $1,830 0.08%
42 KEYSIGHT TECHNOLOGIES ORD KEYS BBG0059FN811 11 $1,855 0.08%
43 CATALENT ORD CTLT BBG005XR47P5 21 $1,676 0.08%
44 BILL COM HOLDINGS ORD BILL BBG00QVJV6V4 12 $1,801 0.08%
45 WESTERN UNION ORD WU BBG000BB5373 108 $1,561 0.07%
46 DARDEN RESTAURANTS ORD DRI BBG000BBNYF6 12 $1,587 0.07%
47 MAXIMUS ORD MMS BBG000BC5WJ4 25 $1,498 0.07%
48 CLOROX ORD CLX BBG000BFS7D3 12 $1,579 0.07%
49 CAMPBELL SOUP ORD CPB BBG000BG4202 33 $1,586 0.07%
50 VERISIGN ORD VRSN BBG000BGKHZ3 9 $1,651 0.07%
51 NCR ORD NCR BBG000BMXK89 74 $1,539 0.07%
52 HOLOGIC ORD HOLX BBG000C3NTN5 24 $1,597 0.07%
53 F5 ORD FFIV BBG000CXYSZ6 10 $1,554 0.07%
54 HOULIHAN LOK CL A ORD HLI BBG000CZTB66 19 $1,542 0.07%
55 PEGASYSTEMS ORD PEGA BBG000H1RYG7 43 $1,478 0.07%
56 GUIDEWIRE SOFTWARE ORD GWRE BBG001C7PM75 23 $1,495 0.07%
57 UBIQUITI ORD UI BBG001R72SR9 5 $1,545 0.07%
58 LAMB WESTON HOLDINGS ORD LW BBG003CVMLQ2 20 $1,577 0.07%
59 PAYLOCITY HOLDING ORD PCTY BBG006598YS8 6 $1,514 0.07%
60 AMCOR ORD AMCR BBG00LNJRQ09 147 $1,658 0.07%
61 PAYCOR HCM ORD PYCR BBG010FNXMC3 49 $1,552 0.07%
62 H&R BLOCK ORD HRB BBG000BLDV98 34 $1,400 0.06%

Holdings Subject to Change

05.

Fund Performance

Month End as of 9/30/2022

1 Month 3 Months YTD ITD 1 Year 3 Years 5 Years
Fund NAV -3.59% 0.10% TBD -6.88% TBD TBD TBD
Market Price -3.65% 0.13% TBD -6.88% TBD TBD TBD

Quarter End as of 9/30/2022

1 Month 3 Months YTD ITD 1 Year 3 Years 5 Years
Fund NAV -3.59% 0.10% TBD -6.88% TBD TBD TBD
Market Price -3.65% 0.13% TBD -6.88% 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 10/04/2022

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.
$22.19 $22.39 +$0.20 +0.27%
hidingText Days
At NAV
Days
At Premium
Days
At Discount
3Q 2022 0 58 6
2Q 2022 0 35 4
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

Prospectus Download
Index Methodology Download
SAI Download
SAR Download
19a-1 Notice (Jul 22) Download
19a-1 Notice (Aug 22) Download