MPAY vs. WOMN ETF Comparison

Comparison of Akros Monthly Payout ETF (MPAY) to Impact Shares YWCA Womenas Empowerment ETF (WOMN)

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

WOMN

Impact Shares YWCA Womenas Empowerment ETF

WOMN Description

The investment seeks investment results that, before fees and expenses, track the performance of the Morningstar® Women's Empowerment Index (the "underlying index"). The fund will, under normal circumstances, invest at least 80% of its total assets plus any borrowings for investment purposes (the "80% basket") in component securities of the underlying index. The underlying index is designed to measure the performance of U.S. large and mid- capitalization companies that are "empowering to women," and to exhibit risk and return characteristics similar to those of the Morningstar US Large-Mid Cap ® Index (the "parent index"). The fund is non-diversified.

Grade (RS Rating)

Last Trade

$39.79

Average Daily Volume

1,896

Number of Holdings ^*

198

* may have additional holdings in another (foreign) market

Performance

Period	MPAY	WOMN
30 Days	1.35%	2.87%
60 Days	0.61%	2.73%
90 Days	2.24%	5.77%
12 Months	24.38%	26.34%

24 Overlapping Holdings

Symbol	Grade	Weight in MPAY	Weight in WOMN	Overlap
AAPL	C	5.94%	5.02%	5.02%
ABBV	D	1.45%	1.55%	1.45%
ACN	C	1.34%	1.9%	1.34%
ADBE	C	1.57%	2.23%	1.57%
ADP	B	1.24%	0.5%	0.5%
AMZN	C	4.97%	4.47%	4.47%
CRM	B	1.43%	2.27%	1.43%
CSCO	B	1.28%	1.92%	1.28%
CVX	A	1.32%	1.31%	1.31%
INTU	C	1.3%	1.56%	1.3%
JNJ	D	1.46%	1.82%	1.46%
LLY	F	3.04%	3.49%	3.04%
MA	C	1.76%	1.77%	1.76%
MCD	D	1.31%	2.04%	1.31%
MRK	F	1.53%	1.3%	1.3%
MSFT	F	5.7%	2.49%	2.49%
NFLX	A	1.44%	0.72%	0.72%
NOW	A	1.46%	1.42%	1.42%
PEP	F	1.25%	1.17%	1.17%
UNH	C	1.74%	2.47%	1.74%
UPS	C	1.22%	0.43%	0.43%
V	A	1.77%	1.94%	1.77%
WMT	A	2.21%	0.73%	0.73%
XOM	B	1.55%	2.53%	1.55%

MPAY Overweight 27 Positions Relative to WOMN

Symbol	Grade	Weight
NVDA	C	6.38%
GOOGL	C	4.73%
GLDM	C	3.6%
IAUM	C	3.36%
TSLA	B	1.83%
ORCL	B	1.78%
COST	B	1.77%
HD	A	1.74%
AMAT	F	1.45%
LOW	D	1.37%
QCOM	F	1.36%
KLAC	D	1.32%
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%
NKE	D	1.25%
AZO	C	1.24%
ABNB	C	1.23%
TXN	C	1.23%
ABT	B	1.23%
LMT	D	1.23%
RTX	C	1.19%
DELL	C	1.02%

MPAY Underweight 174 Positions Relative to WOMN

Symbol	Grade	Weight
META	D	-4.85%
PG	A	-1.82%
IBM	C	-1.64%
KO	D	-1.25%
BAC	A	-1.25%
UBER	D	-1.22%
SBUX	A	-1.03%
WFC	A	-0.95%
GE	D	-0.88%
AMGN	D	-0.82%
VZ	C	-0.82%
INTC	D	-0.81%
UNP	C	-0.71%
SPGI	C	-0.7%
AXP	A	-0.7%
PGR	A	-0.67%
COP	C	-0.65%
MSI	B	-0.63%
MS	A	-0.6%
BLK	C	-0.6%
ELV	F	-0.59%
ETN	A	-0.59%
C	A	-0.56%
REGN	F	-0.55%
VRTX	F	-0.54%
WDAY	B	-0.51%
CI	F	-0.5%
GM	B	-0.49%
AMT	D	-0.49%
MDLZ	F	-0.47%
F	C	-0.46%
GILD	C	-0.46%
ADSK	A	-0.45%
TEL	B	-0.43%
BMY	B	-0.43%
TT	A	-0.39%
EQIX	A	-0.39%
CL	D	-0.39%
WM	A	-0.37%
TGT	F	-0.36%
HPQ	B	-0.36%
MPWR	F	-0.36%
TMUS	B	-0.36%
YUM	B	-0.36%
USB	A	-0.35%
PYPL	B	-0.34%
MMM	D	-0.33%
WELL	A	-0.33%
MCO	B	-0.33%
LULU	C	-0.29%
EBAY	D	-0.29%
DECK	A	-0.28%
EMR	A	-0.28%
APD	A	-0.27%
ECL	D	-0.27%
PSX	C	-0.26%
CARR	D	-0.26%
HUBS	A	-0.26%
NEM	D	-0.26%
NSC	B	-0.25%
KEYS	A	-0.25%
ANSS	B	-0.25%
FTV	C	-0.24%
AIG	B	-0.24%
WMB	A	-0.24%
COF	B	-0.24%
D	C	-0.23%
SRE	A	-0.23%
AEP	D	-0.23%
KMB	D	-0.22%
MET	A	-0.22%
JCI	C	-0.22%
BK	A	-0.22%
TYL	B	-0.22%
AMP	A	-0.21%
ALL	A	-0.21%
CMI	A	-0.2%
RSG	A	-0.19%
EXC	C	-0.19%
GIS	D	-0.19%
GWW	B	-0.19%
PRU	A	-0.19%
HPE	B	-0.19%
PEG	A	-0.18%
CTVA	C	-0.18%
PCG	A	-0.18%
PAYX	C	-0.18%
VRSK	A	-0.17%
KR	B	-0.17%
BKR	B	-0.17%
DOW	F	-0.17%
DASH	A	-0.17%
OXY	D	-0.17%
BBY	D	-0.16%
KHC	F	-0.16%
HIG	B	-0.16%
ED	D	-0.16%
EA	A	-0.16%
IR	B	-0.16%
CBRE	B	-0.16%
EIX	B	-0.15%
IRM	D	-0.15%
ADM	D	-0.15%
DD	D	-0.15%
XYL	D	-0.15%
EXPE	B	-0.15%
WSM	B	-0.15%
GPN	B	-0.14%
ROK	B	-0.14%
OKTA	C	-0.14%
VST	B	-0.14%
CAH	B	-0.13%
HSY	F	-0.13%
A	D	-0.13%
FITB	A	-0.13%
WTW	B	-0.13%
BIIB	F	-0.13%
PPG	F	-0.13%
IFF	D	-0.12%
ETR	B	-0.12%
DAL	C	-0.12%
VTR	C	-0.11%
SCI	B	-0.11%
EL	F	-0.11%
STT	A	-0.11%
TROW	B	-0.11%
CHD	B	-0.11%
AWK	D	-0.11%
RF	A	-0.1%
RJF	A	-0.1%
PPL	B	-0.1%
CMS	C	-0.09%
SYF	B	-0.09%
BAX	D	-0.09%
OMC	C	-0.09%
BAH	F	-0.09%
INVH	D	-0.09%
K	A	-0.09%
HBAN	A	-0.09%
BMRN	D	-0.08%
CNP	B	-0.08%
KEY	B	-0.08%
DAY	B	-0.08%
PFG	D	-0.08%
PINS	D	-0.08%
NTRS	A	-0.08%
ESS	B	-0.08%
TRU	D	-0.08%
CLX	B	-0.08%
SWK	D	-0.07%
CAG	D	-0.07%
LNT	A	-0.07%
OC	A	-0.07%
LUV	C	-0.07%
DOC	D	-0.07%
HST	C	-0.06%
IPG	D	-0.06%
SJM	D	-0.06%
CE	F	-0.06%
NI	A	-0.06%
ETSY	D	-0.06%
PNR	A	-0.06%
TAP	C	-0.05%
CPB	D	-0.05%
REXR	F	-0.05%
ALB	C	-0.05%
ELS	C	-0.05%
Z	A	-0.04%
CFG	B	-0.04%
PNW	B	-0.04%
MTCH	D	-0.04%
RHI	B	-0.03%
AGR	B	-0.01%
ZG	A	-0.01%