BKIV vs. MPAY ETF Comparison

Comparison of BNY Mellon Innovators ETF (BKIV) to Akros Monthly Payout ETF (MPAY)

BKIV

BNY Mellon Innovators ETF

BKIV Description

To pursue its goal, the fund normally invests principally in equity securities of U.S. innovation-driven companies. The fund's sub-adviser considers innovation-driven companies to be (i) leading edge companies that, through their intellectual property, provide ground-breaking and/or innovative products and services that can be disruptive and transformative to existing business models and practices and (ii) business enterprises that are positively impacted by the transformation of their business models and practices through the use of such products or services. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$33.60

Average Daily Volume

169

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

$25.38

Average Daily Volume

612

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	BKIV	MPAY
30 Days	2.88%	-1.52%
60 Days	2.75%	-0.28%
90 Days	9.38%	5.68%
12 Months	48.66%	23.95%

3 Overlapping Holdings

Symbol	Grade	Weight in BKIV	Weight in MPAY	Overlap
ABNB	C	1.3%	1.23%	1.23%
NFLX	A	3.55%	1.44%	1.44%
NVDA	B	13.59%	6.38%	6.38%

BKIV Overweight 41 Positions Relative to MPAY

Symbol	Grade	Weight
GOOG	A	5.08%
INSM	D	4.12%
CSGP	F	3.54%
INSP	D	3.48%
RGEN	F	2.91%
ALGN	F	2.6%
FRPT	D	2.52%
SRPT	D	2.43%
ISRG	B	2.35%
TTD	A	2.16%
MNDY	B	2.12%
CELH	F	2.03%
ASND	F	2.0%
SQ	B	1.97%
CFLT	A	1.96%
SHOP	B	1.95%
TMDX	F	1.87%
MDB	F	1.81%
DXCM	C	1.79%
WHD	C	1.71%
NTRA	D	1.7%
RDDT	A	1.55%
LULU	C	1.54%
CYBR	C	1.5%
ILMN	B	1.46%
BROS	C	1.39%
DKNG	F	1.26%
CHWY	D	1.25%
TWST	F	1.25%
VITL	C	1.25%
DNLI	D	1.08%
JPM	A	0.98%
KROS	B	0.93%
CRNX	B	0.8%
PRVA	D	0.79%
GH	D	0.76%
ELF	F	0.69%
HUBS	B	0.65%
PSTG	D	0.65%
PRCT	A	0.57%
XENE	C	0.5%

BKIV Underweight 48 Positions Relative to MPAY

Symbol	Grade	Weight
AAPL	C	-5.94%
MSFT	D	-5.7%
AMZN	B	-4.97%
GOOGL	A	-4.73%
GLDM	A	-3.6%
IAUM	A	-3.36%
LLY	D	-3.04%
WMT	A	-2.21%
TSLA	A	-1.83%
ORCL	B	-1.78%
V	A	-1.77%
COST	D	-1.77%
MA	B	-1.76%
UNH	D	-1.74%
HD	B	-1.74%
ADBE	F	-1.57%
XOM	C	-1.55%
MRK	F	-1.53%
NOW	B	-1.46%
JNJ	D	-1.46%
AMAT	F	-1.45%
ABBV	A	-1.45%
CRM	B	-1.43%
LOW	B	-1.37%
QCOM	D	-1.36%
ACN	C	-1.34%
CVX	C	-1.32%
KLAC	F	-1.32%
MCD	C	-1.31%
INTU	D	-1.3%
CAT	B	-1.28%
HCA	D	-1.28%
FTNT	B	-1.28%
TJX	D	-1.28%
CSCO	B	-1.28%
PM	A	-1.27%
LIN	C	-1.27%
BKNG	A	-1.26%
PEP	D	-1.25%
NKE	F	-1.25%
ADP	A	-1.24%
AZO	C	-1.24%
TXN	B	-1.23%
ABT	C	-1.23%
LMT	D	-1.23%
UPS	C	-1.22%
RTX	C	-1.19%
DELL	A	-1.02%