IEDI vs. MPAY ETF Comparison

Comparison of iShares Evolved U.S. Discretionary Spending ETF (IEDI) to Akros Monthly Payout ETF (MPAY)

IEDI

iShares Evolved U.S. Discretionary Spending ETF

IEDI Description

The investment seeks to provide access to U.S. companies with discretionary spending exposure, as classified using a proprietary classification system. The fund seeks to achieve its investment objective by investing, under normal circumstances, at least 80% of its net assets in U.S. listed common stock of large-, mid- and small-capitalization discretionary spending companies. It will hold common stock of those companies that fall into the Discretionary Spending Evolved Sector which have economic characteristics that have been historically correlated with companies traditionally defined as consumer discretionary companies. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$53.71

Average Daily Volume

5,377

Number of Holdings ^*

176

* 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

$25.58

Average Daily Volume

712

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	IEDI	MPAY
30 Days	2.18%	-0.57%
60 Days	5.72%	0.83%
90 Days	12.61%	2.19%
12 Months	32.39%	23.86%

14 Overlapping Holdings

Symbol	Grade	Weight in IEDI	Weight in MPAY	Overlap
ABNB	C	0.51%	1.23%	0.51%
AMZN	A	8.54%	4.97%	4.97%
AZO	B	1.09%	1.24%	1.09%
COST	B	8.49%	1.77%	1.77%
HD	B	12.46%	1.74%	1.74%
INTU	A	0.18%	1.3%	0.18%
LOW	B	4.41%	1.37%	1.37%
MCD	C	1.98%	1.31%	1.31%
NFLX	A	0.65%	1.44%	0.65%
NKE	F	1.17%	1.25%	1.17%
TJX	A	4.48%	1.28%	1.28%
UPS	C	0.2%	1.22%	0.2%
V	A	0.7%	1.77%	0.7%
WMT	A	7.72%	2.21%	2.21%

IEDI Overweight 162 Positions Relative to MPAY

Symbol	Grade	Weight
CMG	B	2.75%
ORLY	A	2.06%
TGT	C	1.93%
ROST	D	1.89%
SBUX	B	1.87%
META	B	1.72%
HLT	A	1.27%
MAR	A	1.22%
UBER	F	1.09%
TSCO	D	0.91%
YUM	B	0.83%
KR	A	0.81%
DIS	B	0.76%
ULTA	C	0.73%
DRI	B	0.73%
BURL	C	0.68%
DASH	A	0.66%
CTAS	B	0.6%
DG	F	0.58%
WSM	F	0.55%
DPZ	C	0.48%
DECK	B	0.48%
FERG	B	0.47%
CVNA	B	0.46%
CPRT	A	0.46%
DKS	D	0.46%
DLTR	F	0.46%
RCL	A	0.46%
TXRH	A	0.44%
CASY	B	0.43%
FND	F	0.4%
SQ	B	0.39%
BBY	C	0.38%
WING	D	0.38%
PYPL	A	0.38%
SFM	B	0.37%
DKNG	B	0.36%
SYY	D	0.36%
STZ	D	0.34%
KMX	B	0.31%
CAVA	C	0.31%
BJ	B	0.3%
FAST	B	0.3%
PLNT	A	0.25%
USFD	B	0.25%
EBAY	C	0.24%
TPR	A	0.24%
OLLI	C	0.24%
PG	C	0.24%
EXPE	B	0.23%
ROL	C	0.22%
LYV	A	0.22%
BBWI	C	0.2%
CHDN	B	0.2%
SCI	B	0.2%
PFGC	B	0.19%
FIVE	F	0.18%
GPC	D	0.18%
LAD	B	0.18%
TSN	B	0.17%
PINS	F	0.17%
CCL	B	0.17%
RH	C	0.17%
ARMK	B	0.16%
HST	D	0.16%
MUSA	B	0.16%
TOST	A	0.16%
POOL	D	0.16%
TOL	B	0.16%
WH	A	0.16%
GAP	B	0.15%
MTN	C	0.15%
ACI	C	0.15%
VFC	C	0.15%
FRPT	B	0.15%
SKX	F	0.15%
CROX	F	0.14%
MGM	D	0.14%
CZR	F	0.14%
CL	F	0.14%
NCLH	B	0.14%
TPX	B	0.13%
ASO	F	0.13%
ANF	C	0.13%
GME	C	0.13%
GDDY	B	0.13%
HRB	D	0.13%
W	F	0.12%
H	B	0.12%
ELF	C	0.12%
TTWO	A	0.12%
BOOT	C	0.12%
EAT	B	0.12%
MKC	D	0.12%
SHAK	C	0.12%
OMC	A	0.12%
VVV	B	0.11%
BYD	A	0.11%
FDX	B	0.11%
KTB	A	0.11%
DUOL	A	0.11%
LUV	B	0.11%
RL	B	0.11%
AN	C	0.1%
CHE	D	0.1%
SHOO	D	0.1%
AEO	F	0.1%
CHH	B	0.1%
TKO	D	0.1%
SIG	B	0.1%
Z	B	0.09%
GWW	B	0.09%
IPG	F	0.09%
RHP	B	0.09%
SNAP	C	0.09%
BFAM	F	0.09%
WEN	C	0.09%
M	C	0.09%
ABG	B	0.09%
MAS	D	0.09%
UAL	A	0.08%
SITE	D	0.08%
URBN	C	0.08%
UHAL	D	0.08%
JWN	B	0.08%
LNW	F	0.08%
CBOE	D	0.08%
CPAY	A	0.08%
SJM	F	0.08%
HSIC	F	0.08%
AAP	C	0.07%
FL	F	0.07%
PZZA	D	0.07%
CLX	A	0.07%
CAG	F	0.07%
MSGS	B	0.07%
RRR	F	0.07%
FCFS	F	0.07%
FLO	F	0.07%
KSS	D	0.07%
BLD	F	0.07%
HOOD	B	0.07%
ALK	A	0.07%
LW	B	0.06%
LAMR	D	0.06%
CNK	B	0.06%
HAS	D	0.06%
FOUR	B	0.06%
EA	A	0.06%
CPRI	F	0.06%
LYFT	B	0.06%
AFRM	B	0.06%
TNL	A	0.06%
RHI	B	0.06%
AAL	B	0.06%
IT	B	0.06%
LANC	C	0.06%
WBA	D	0.06%
GEN	B	0.06%
NYT	C	0.06%
FUN	B	0.06%
CRI	D	0.05%

IEDI Underweight 37 Positions Relative to MPAY

Symbol	Grade	Weight
NVDA	A	-6.38%
AAPL	C	-5.94%
MSFT	C	-5.7%
GOOGL	C	-4.73%
GLDM	C	-3.6%
IAUM	C	-3.36%
LLY	F	-3.04%
TSLA	B	-1.83%
ORCL	A	-1.78%
MA	B	-1.76%
UNH	B	-1.74%
ADBE	C	-1.57%
XOM	B	-1.55%
MRK	F	-1.53%
NOW	A	-1.46%
JNJ	D	-1.46%
AMAT	F	-1.45%
ABBV	F	-1.45%
CRM	B	-1.43%
QCOM	F	-1.36%
ACN	B	-1.34%
CVX	A	-1.32%
KLAC	F	-1.32%
CAT	B	-1.28%
HCA	D	-1.28%
FTNT	B	-1.28%
CSCO	A	-1.28%
PM	B	-1.27%
LIN	D	-1.27%
BKNG	A	-1.26%
PEP	D	-1.25%
ADP	A	-1.24%
TXN	B	-1.23%
ABT	C	-1.23%
LMT	D	-1.23%
RTX	D	-1.19%
DELL	C	-1.02%