IQM vs. MPAY ETF Comparison

Comparison of Franklin Intelligent Machines ETF (IQM) to Akros Monthly Payout ETF (MPAY)

IQM

Franklin Intelligent Machines ETF

IQM Description

The investment seeks capital appreciation. Under normal market conditions, the fund invests at least 80% of its net assets in equity securities of companies that are relevant to its investment theme of intelligent machines. The fund invests predominantly in common stock. Although it may invest across economic sectors, the advisor expects to have significant positions in particular sectors including technology. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$62.33

Average Daily Volume

3,223

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

$25.62

Average Daily Volume

791

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	IQM	MPAY
30 Days	0.88%	0.66%
60 Days	11.42%	6.68%
90 Days	-3.62%	1.00%
12 Months	44.40%	26.57%

7 Overlapping Holdings

Symbol	Grade	Weight in IQM	Weight in MPAY	Overlap
AAPL	C	4.45%	5.94%	4.45%
AMAT	B	2.82%	1.45%	1.45%
KLAC	B	1.63%	1.32%	1.32%
LRCX	D	1.34%	1.32%	1.32%
NVDA	C	12.05%	6.38%	6.38%
TSLA	C	3.48%	1.83%	1.83%
TXN	C	0.73%	1.23%	0.73%

IQM Overweight 38 Positions Relative to MPAY

Symbol	Grade	Weight
ISRG	A	5.52%
TSM	C	4.12%
ASML	F	4.09%
CDNS	D	3.93%
AXON	A	3.89%
SNPS	F	3.81%
PWR	B	2.57%
AMD	D	2.47%
AVGO	C	2.25%
TER	C	1.89%
ADI	C	1.81%
ADSK	B	1.81%
APH	D	1.64%
ANSS	D	1.59%
ENTG	D	1.41%
ETN	C	1.32%
PTC	D	1.29%
IDXX	D	1.26%
ALTR	B	1.16%
UBER	C	1.11%
VMI	B	1.07%
ROP	C	0.88%
NXPI	F	0.86%
KEYS	B	0.82%
CRWD	D	0.77%
TEL	D	0.64%
PRCT	C	0.63%
FSLR	C	0.53%
ZBRA	A	0.53%
VRT	B	0.52%
ALGN	D	0.47%
BSY	D	0.43%
TRMB	B	0.42%
MCHP	F	0.38%
PSTG	F	0.37%
HON	C	0.36%
MPWR	B	0.29%
SITM	B	0.27%

IQM Underweight 45 Positions Relative to MPAY

Symbol	Grade	Weight
MSFT	D	-5.7%
AMZN	C	-4.97%
GOOGL	B	-4.73%
GLDM	A	-3.6%
IAUM	A	-3.36%
LLY	D	-3.04%
WMT	A	-2.21%
ORCL	B	-1.78%
V	C	-1.77%
COST	C	-1.77%
MA	A	-1.76%
UNH	B	-1.74%
HD	A	-1.74%
ADBE	F	-1.57%
XOM	A	-1.55%
MRK	F	-1.53%
NOW	C	-1.46%
JNJ	D	-1.46%
ABBV	A	-1.45%
NFLX	A	-1.44%
CRM	B	-1.43%
LOW	A	-1.37%
QCOM	D	-1.36%
ACN	B	-1.34%
CVX	B	-1.32%
MCD	A	-1.31%
INTU	F	-1.3%
CAT	A	-1.28%
HCA	B	-1.28%
FTNT	A	-1.28%
TJX	C	-1.28%
CSCO	A	-1.28%
PM	C	-1.27%
LIN	B	-1.27%
BKNG	C	-1.26%
PEP	D	-1.25%
NKE	D	-1.25%
ADP	A	-1.24%
AZO	D	-1.24%
ABNB	D	-1.23%
ABT	B	-1.23%
LMT	A	-1.23%
UPS	D	-1.22%
RTX	A	-1.19%
DELL	C	-1.02%