IETC vs. MPAY ETF Comparison

Comparison of iShares Evolved U.S. Technology ETF (IETC) to Akros Monthly Payout ETF (MPAY)

IETC

iShares Evolved U.S. Technology ETF

IETC Description

The investment seeks to provide access to U.S. companies with technology 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 technology companies. It will hold common stock of those companies that fall into the Technology Evolved Sector which have economic characteristics that have been historically correlated with companies traditionally defined as technology companies. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$69.09

Average Daily Volume

38,561

Number of Holdings ^*

150

* 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

$23.60

Average Daily Volume

502

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	IETC	MPAY
30 Days	-2.10%	-1.72%
60 Days	-3.37%	-1.87%
90 Days	2.88%	3.43%
12 Months	48.65%	11.52%

21 Overlapping Holdings

Symbol	Grade	Weight in IETC	Weight in MPAY	Overlap
AAPL	B	2.46%	8.01%	2.46%
ACN	D	5.19%	2.19%	2.19%
ALGN	F	0.0%	1.23%	0.0%
AMZN	A	8.07%	8.17%	8.07%
BAH	A	0.2%	1.38%	0.2%
BBY	D	0.06%	1.22%	0.06%
BKNG	C	0.21%	1.85%	0.21%
CDNS	D	1.91%	1.57%	1.57%
CL	A	0.04%	1.74%	0.04%
CSCO	F	2.23%	2.3%	2.23%
DELL	B	0.36%	1.87%	0.36%
EA	D	0.1%	1.44%	0.1%
EBAY	C	0.12%	1.42%	0.12%
FTNT	F	0.16%	1.49%	0.16%
GOOGL	B	2.37%	8.91%	2.37%
HPQ	D	0.14%	1.34%	0.14%
IBM	D	1.83%	1.97%	1.83%
IT	D	0.54%	1.32%	0.54%
KEYS	D	0.18%	1.34%	0.18%
LMT	B	0.37%	1.92%	0.37%
NTAP	B	0.28%	1.35%	0.28%

IETC Overweight 129 Positions Relative to MPAY

Symbol	Grade	Weight
MSFT	C	10.1%
AVGO	C	9.47%
NVDA	C	8.43%
CRM	D	5.25%
ORCL	D	3.52%
GOOG	B	2.02%
META	D	2.01%
MSI	A	1.73%
NOW	D	1.51%
ICE	D	1.39%
VRSN	F	1.13%
ADBE	D	1.11%
MANH	D	0.99%
MRVL	C	0.93%
QCOM	A	0.89%
MA	D	0.87%
AMD	D	0.82%
PH	B	0.81%
CDW	D	0.79%
EQIX	F	0.63%
SPGI	C	0.62%
ADP	D	0.59%
SNOW	D	0.59%
FDS	D	0.56%
V	D	0.49%
TYL	A	0.48%
INTC	F	0.47%
CRWD	C	0.47%
CSGP	B	0.47%
COIN	D	0.44%
NET	F	0.41%
ANSS	D	0.4%
ZM	F	0.38%
PANW	B	0.37%
ANET	D	0.34%
CPAY	B	0.29%
MCO	C	0.28%
SNAP	B	0.28%
TXN	A	0.27%
FIS	C	0.26%
VRSK	C	0.25%
BA	F	0.25%
MU	B	0.24%
PLTR	C	0.23%
UBER	D	0.23%
CME	D	0.23%
MMC	C	0.22%
TTEK	A	0.22%
G	D	0.22%
LRCX	D	0.21%
MPWR	C	0.2%
SNPS	D	0.2%
QLYS	B	0.2%
WDAY	F	0.19%
GPN	F	0.19%
KLAC	A	0.19%
BSY	B	0.19%
PINS	A	0.18%
QRVO	F	0.18%
PAYX	D	0.17%
DASH	D	0.17%
AKAM	F	0.17%
SMCI	D	0.17%
DDOG	B	0.17%
VRT	A	0.17%
ADSK	D	0.16%
TTD	B	0.16%
OMC	B	0.15%
IQV	D	0.15%
NXPI	A	0.14%
JKHY	D	0.14%
IRM	D	0.13%
CACI	A	0.13%
ABNB	C	0.13%
HUBS	D	0.13%
TRU	C	0.13%
NSIT	A	0.12%
SQ	D	0.12%
SLB	F	0.11%
CFLT	D	0.11%
TER	A	0.11%
IPG	F	0.11%
MSCI	D	0.1%
ROP	F	0.1%
A	D	0.1%
VEEV	D	0.1%
AON	F	0.09%
FICO	C	0.09%
ASGN	D	0.09%
TRMB	D	0.09%
SSNC	C	0.08%
PSTG	C	0.08%
FBIN	D	0.07%
BR	C	0.07%
DLR	C	0.07%
PAYC	F	0.07%
NDAQ	B	0.07%
SLAB	D	0.07%
ROK	D	0.07%
SAIC	C	0.06%
CPNG	A	0.06%
JNPR	D	0.06%
INTU	D	0.06%
J	C	0.06%
ILMN	F	0.05%
TDY	D	0.05%
MMS	C	0.05%
LPLA	A	0.05%
ENPH	F	0.04%
OKTA	D	0.04%
APPN	F	0.04%
DOCN	D	0.04%
DXC	F	0.04%
MRCY	D	0.03%
XYL	A	0.03%
RBLX	C	0.03%
ZI	C	0.03%
AMRC	C	0.03%
BILL	F	0.03%
APTV	D	0.02%
ROL	A	0.02%
GLW	B	0.02%
SEE	C	0.02%
RIVN	F	0.01%
TEAM	F	0.01%
TOST	C	0.01%
SMAR	D	0.01%
GDDY	A	0.01%
FTV	D	0.0%

IETC Underweight 29 Positions Relative to MPAY

Symbol	Grade	Weight
HD	D	-2.98%
NKE	D	-2.02%
UPS	F	-1.98%
USHY	A	-1.88%
TJX	C	-1.8%
HCA	D	-1.67%
MELI	C	-1.65%
KMB	B	-1.64%
ALL	B	-1.56%
FDX	C	-1.54%
SBUX	F	-1.53%
DAL	A	-1.53%
MMM	B	-1.52%
LDOS	A	-1.51%
OTIS	D	-1.39%
EL	F	-1.38%
HAL	F	-1.38%
STLA	D	-1.38%
MTD	D	-1.35%
SYY	D	-1.35%
CTSH	F	-1.33%
BAX	F	-1.33%
LII	D	-1.3%
CLX	F	-1.27%
WSM	B	-1.26%
STLD	D	-1.25%
DKS	B	-1.23%
JBL	D	-1.16%
ULTA	F	-1.13%

IETC: Top Represented Industries & Keywords

Industries: Software - Application Business Services Semiconductors Software - Infrastructure Information Technology Services Internet Content & Information Capital Markets Computer Systems Diversified Industrials Scientific & Technical Instruments Semiconductor Equipment & Materials Communication Equipment Diagnostics & Research Engineering & Construction Financial Data & Stock Exchanges Specialty Retail Advertising Agencies Aerospace & Defense Credit Services Data Storage