Akros Monthly Payout ETF
MPAY
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ROIC.AI
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- Business
- Akros Monthly Payout ETF (NYSE Arca: MPAY), sponsored by Exchange Listed Funds Trust and managed by Exchange Traded Concepts LLC, operates as an actively managed exchange-traded fund designed to track the Akros Multi-Asset Index before fees and expenses while delivering monthly distributions targeting an annualized payout rate of approximately 7%. The fund invests across public equity, fixed income, and commodity markets globally through a fund-of-funds structure and direct holdings; its equity portion targets growth and value stocks across diversified sectors and market capitalizations including major holdings such as Apple Inc., Microsoft Corp., and NVIDIA Corp.; its fixed income allocation encompasses U.S. Treasury bonds, mortgage-backed securities, high-yield and investment-grade corporate bonds with varying maturities including Vanguard Long-Term Treasury ETF; and its commodity exposure focuses on gold via ETFs like SPDR Gold MiniShares, iShares Gold Trust Micro, and abrdn Physical Gold Shares ETF. Sector allocations emphasize information technology (37.96%), consumer discretionary (15.50%), and communication services (11.47%), with primary geographic focus on the United States (93.63%) alongside minor exposures to Canada, Brazil, Denmark, and Argentina; the fund serves income-seeking investors through monthly dividends yielding around 6.95-7.31% on a trailing twelve-month basis. Launched on May 5, 2022, and headquartered at 10900 Hefner Pointe Drive, Suite 207, Oklahoma City, OK 73120, USA, under the Exchange Listed Funds Trust umbrella, the ETF maintained assets under management of approximately $2.17 million with a 0.59% expense ratio prior to closure. In a major strategic shift announced in March 2025, Exchange Traded Concepts elected to terminate and liquidate the fund, closing it to new creation units on April 21, 2025, with the final trading day on NYSE Arca on April 22, 2025, and completing pro rata cash distributions to remaining shareholders on or about April 25, 2025, following orderly asset sales that deviated from its normal investment strategy and triggered taxable events including accrued capital gains and dividends.