MPAY Akros Monthly Payout ETF
What is MPAY?
MPAY is a passively managed, fund-of-funds representing a balanced portfolio of global equities, fixed income securities, and alternative investments which aims to provide monthly distributions.
MPAY Factset Analytics Insight
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.
MPAY Summary Data
MPAY Fund Structure
MPAY Tax Exposures
MPAY Portfolio Data
MPAY Index Data
Factset Analytics Block Liquidity
This measurement shows how easy it is to trade a $1 million USD block of MPAY. MPAY is rated a N/A out of 5.
Options Strategies for Outcome Investing
A collar strategy is a protective option strategy constructed by writing a call and buying a put with the same expiration date while being long the underlying security.
A covered call is an income strategy constructed by writing a call option against a holding of the underlying security.