Key stats
About Exchange Listed Funds Trust Akros Monthly Payout ETF
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Inception date
May 6, 2022
Structure
Open-Ended Fund
Distributes
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Tax on distributions
Ordinary income
Primary advisor
Exchange Traded Concepts LLC
Distributor
Foreside Fund Services LLC
MPAY seeks potential monthly distributions, which may include return of capital to investors. The index is generally comprised of 50 stocks and 18 ETFs. For the stock component of the index, the fund only considers US-listed stocks with a market-cap of at least $1 billion. A proprietary algorithm analyzes historical financial and trading data to rank and select the top stocks based on their excess return factor, which is a formula that gauges whether a stock could outperform future markets. The ETF component of the index aims to cut across different asset classes: mainly foreign equity, broad commodity, gold, Treasurys, bonds, REITs, MBTs, and global infrastructure ETFs. Individual weights are based on a proprietary methodology that incorporates modern portfolio theory principles such as historical covariance, historical mean, historical risk contribution, and cluster analysis. The index is rebalanced monthly and is non-diversified.
Classification
What's in the fund
Exposure type
Technology Services
Electronic Technology
ETF
Stocks50.41%
Technology Services19.03%
Electronic Technology13.14%
Retail Trade4.52%
Producer Manufacturing2.76%
Commercial Services2.62%
Finance1.82%
Consumer Services1.44%
Consumer Durables1.32%
Health Technology1.19%
Health Services0.91%
Transportation0.58%
Distribution Services0.56%
Industrial Services0.52%
Bonds, Cash & Other49.59%
ETF49.40%
Cash0.19%
Displays a symbol's price movements over previous years to identify recurring trends.