ACIO vs. MPAY ETF Comparison

Comparison of Aptus Collared Income Opportunity ETF (ACIO) to Akros Monthly Payout ETF (MPAY)

ACIO

Aptus Collared Income Opportunity ETF

ACIO Description

The investment seeks current income and capital appreciation. The fund is an actively-managed exchange-traded fund (“ETF”) that seeks to achieve its investment objective principally by investing in a portfolio of large capitalization U.S.-listed equity securities and an options collar (i.e., a mix of written (sold) call options and long (bought) put options) on the same underlying equity securities. It may write call options on up to 100% of each equity position held in the portfolio and will use a portion of the premium received from writing such call options to purchase put options. It is non-diversified.

Grade (RS Rating)

Last Trade

$39.64

Average Daily Volume

130,940

Number of Holdings ^*

* may have additional holdings in another (foreign) market

MPAY

Akros Monthly Payout ETF

MPAY Description

MPAY seeks to provide 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, only those listed on a US exchange and have a market-cap of at least $1 billion may be included. A proprietary algorithm analyzes historical financial and trading data to rank and select stocks based on their excess return factor, which is a formula that gauges whether a stock could outperform future markets. The top 50 stocks are selected to be included. 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.

Grade (RS Rating)

Last Trade

$25.74

Average Daily Volume

870

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	ACIO	MPAY
30 Days	1.61%	1.27%
60 Days	4.07%	2.68%
90 Days	5.26%	2.89%
12 Months	28.19%	22.48%

29 Overlapping Holdings

Symbol	Grade	Weight in ACIO	Weight in MPAY	Overlap
AAPL	C	6.91%	5.94%	5.94%
ABBV	C	0.79%	1.45%	0.79%
ABT	C	0.84%	1.23%	0.84%
ACN	C	1.14%	1.34%	1.14%
ADBE	F	0.55%	1.57%	0.55%
ADP	B	0.3%	1.24%	0.3%
AMAT	D	1.45%	1.45%	1.45%
AMZN	C	3.46%	4.97%	3.46%
CAT	B	1.58%	1.28%	1.28%
COST	B	1.04%	1.77%	1.04%
INTU	C	1.03%	1.3%	1.03%
JNJ	C	1.17%	1.46%	1.17%
LIN	B	1.41%	1.27%	1.27%
LLY	C	1.58%	3.04%	1.58%
LMT	C	1.82%	1.23%	1.23%
LOW	B	1.18%	1.37%	1.18%
MCD	B	1.04%	1.31%	1.04%
MRK	D	0.8%	1.53%	0.8%
MSFT	C	6.51%	5.7%	5.7%
NFLX	B	1.06%	1.44%	1.06%
NOW	B	1.81%	1.46%	1.46%
NVDA	D	5.66%	6.38%	5.66%
PEP	C	1.3%	1.25%	1.25%
TJX	B	0.89%	1.28%	0.89%
TSLA	C	1.27%	1.83%	1.27%
UNH	C	1.32%	1.74%	1.32%
V	C	1.76%	1.77%	1.76%
WMT	C	1.22%	2.21%	1.22%
XOM	C	1.86%	1.55%	1.55%

ACIO Overweight 46 Positions Relative to MPAY

Symbol	Grade	Weight
GOOG	D	3.44%
META	B	2.41%
JPM	D	1.88%
BRK.A	C	1.79%
SYK	C	1.79%
AVGO	C	1.74%
PGR	B	1.71%
PG	C	1.34%
TMO	B	1.32%
BLK	B	1.11%
SO	B	1.09%
TMUS	C	1.07%
CSX	D	1.03%
PLD	C	1.02%
MMC	C	0.97%
MAR	C	0.96%
CTAS	B	0.93%
ADI	C	0.92%
BAC	D	0.92%
FDX	C	0.89%
MS	D	0.89%
PHM	B	0.87%
MCK	F	0.87%
HON	D	0.86%
MSI	B	0.85%
MDLZ	B	0.81%
ICE	C	0.77%
FANG	D	0.77%
NEE	C	0.77%
ISRG	B	0.73%
DUK	C	0.7%
MO	C	0.62%
TYL	C	0.61%
DLR	B	0.6%
DE	B	0.58%
C	C	0.56%
DVN	F	0.54%
PSA	B	0.53%
ETN	C	0.52%
VRTX	D	0.5%
AMD	D	0.48%
SHW	B	0.43%
AMGN	B	0.42%
CMCSA	D	0.38%
FCX	D	0.35%
HAL	F	0.24%

ACIO Underweight 23 Positions Relative to MPAY

Symbol	Grade	Weight
GOOGL	D	-4.73%
GLDM	B	-3.6%
IAUM	B	-3.36%
ORCL	C	-1.78%
MA	B	-1.76%
HD	B	-1.74%
CRM	D	-1.43%
QCOM	D	-1.36%
CVX	D	-1.32%
LRCX	F	-1.32%
KLAC	D	-1.32%
HCA	B	-1.28%
FTNT	C	-1.28%
CSCO	C	-1.28%
PM	C	-1.27%
BKNG	C	-1.26%
NKE	D	-1.25%
AZO	D	-1.24%
ABNB	D	-1.23%
TXN	C	-1.23%
UPS	D	-1.22%
RTX	C	-1.19%
DELL	D	-1.02%