LEGR vs. MPAY ETF Comparison

Comparison of First Trust Indxx Innovative Transaction & Process ETF (LEGR) to Akros Monthly Payout ETF (MPAY)

LEGR

First Trust Indxx Innovative Transaction & Process ETF

LEGR Description

The investment seeks investment results that correspond generally to the price and yield (before the fund's fees and expenses) of an index called the Indxx Blockchain Index (the index). The fund will normally invest at least 90% of its net assets (including investment borrowings) in common stocks and depositary receipts that comprise the index. The index is designed to track the performance of companies that are either actively using, investing in, developing, or have products that are poised to benefit from blockchain technology and/or the potential for increased efficiency that it provides to various business processes.

Grade (RS Rating)

Last Trade

$46.72

Average Daily Volume

9,893

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

$25.89

Average Daily Volume

811

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	LEGR	MPAY
30 Days	-0.30%	1.35%
60 Days	1.48%	0.61%
90 Days	3.67%	2.24%
12 Months	24.29%	24.38%

13 Overlapping Holdings

Symbol	Grade	Weight in LEGR	Weight in MPAY	Overlap
ACN	C	1.36%	1.34%	1.34%
AMZN	C	1.44%	4.97%	1.44%
CRM	B	1.71%	1.43%	1.43%
CSCO	B	0.87%	1.28%	0.87%
HD	A	0.8%	1.74%	0.8%
LMT	D	0.7%	1.23%	0.7%
MA	C	1.38%	1.76%	1.38%
MSFT	F	1.29%	5.7%	1.29%
NVDA	C	1.63%	6.38%	1.63%
ORCL	B	1.57%	1.78%	1.57%
TSLA	B	1.11%	1.83%	1.11%
V	A	0.8%	1.77%	0.8%
WMT	A	0.82%	2.21%	0.82%

LEGR Overweight 39 Positions Relative to MPAY

Symbol	Grade	Weight
JD	D	1.75%
INTC	D	1.65%
PYPL	B	1.6%
MU	D	1.5%
HON	B	1.47%
TSM	B	1.46%
WIT	A	1.44%
T	A	1.4%
BIDU	F	1.37%
IBM	C	1.35%
BABA	D	1.35%
CTSH	B	1.35%
IBN	C	1.33%
INFY	B	1.26%
ZTS	D	1.22%
AMD	F	1.21%
WFC	A	1.07%
GS	A	0.92%
BAC	A	0.89%
C	A	0.89%
JPM	A	0.87%
BCS	C	0.86%
AXP	A	0.84%
BK	A	0.84%
MET	A	0.82%
HSBH	B	0.8%
KR	B	0.78%
CME	A	0.78%
WDAY	B	0.77%
NOK	D	0.76%
HDB	C	0.76%
AIG	B	0.76%
RIO	D	0.75%
F	C	0.75%
VZ	C	0.72%
SPGI	C	0.72%
LYG	F	0.69%
BA	F	0.67%
ING	F	0.65%

LEGR Underweight 38 Positions Relative to MPAY

Symbol	Grade	Weight
AAPL	C	-5.94%
GOOGL	C	-4.73%
GLDM	C	-3.6%
IAUM	C	-3.36%
LLY	F	-3.04%
COST	B	-1.77%
UNH	C	-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	D	-1.45%
NFLX	A	-1.44%
LOW	D	-1.37%
QCOM	F	-1.36%
CVX	A	-1.32%
KLAC	D	-1.32%
MCD	D	-1.31%
INTU	C	-1.3%
CAT	B	-1.28%
HCA	F	-1.28%
FTNT	C	-1.28%
TJX	A	-1.28%
PM	B	-1.27%
LIN	D	-1.27%
BKNG	A	-1.26%
PEP	F	-1.25%
NKE	D	-1.25%
ADP	B	-1.24%
AZO	C	-1.24%
ABNB	C	-1.23%
TXN	C	-1.23%
ABT	B	-1.23%
UPS	C	-1.22%
RTX	C	-1.19%
DELL	C	-1.02%