ETF Report: EA Astoria Beacon Dynamic Core US Fixed Income ETF (AGGA)

The EA Astoria Beacon Dynamic Core US Fixed Income ETF (AGGA) is designed to provide exposure to US fixed income. It is characterized by a monthly distribution schedule and a stable price trend.

What this ETF is trying to do

AGGA is a fixed-income ETF, meaning it focuses on bonds or similar debt instruments. Its goal is to provide investors with regular income through distributions while maintaining a core position in the US fixed-income market.

What the numbers show

As of October 12, 2026, the share price of AGGA was $24.38. To understand how the fund has performed, we look at two different types of returns:

• Price Return: This measures only the change in the share price. The one-year price return was -3.62%, and the year-to-date (YTD) price return was also -3.62%.

• Total Return: This measures the overall return, including the cash distributions paid to investors. The one-year total return was 0.51%, and the YTD total return was -0.42%.

Because the total return is higher than the price return over the last year, the distributions helped offset the decline in the share price.

Income and distribution explanation

AGGA pays distributions usually every month. Over the last 12 months, it made 12 payments totaling $1.05 per share. This results in a distribution yield of approximately 4.32%.

It is important for beginners to remember that a distribution yield is not the same as a total return. A yield tells you how much cash the fund pays out relative to its price, but it does not guarantee that the original investment value will stay the same.

NAV erosion explanation

"NAV erosion" happens when the net asset value of a fund steadily declines over time. The supplied data is sufficient to evaluate price erosion, but it does not include enough historical NAV-per-share data to confirm or rule out NAV erosion.

However, looking at price-based evidence, AGGA has an erosion-risk score of 94, which is labeled as "Stable / sideways" with "good" severity. Additionally, the severe erosion-risk flag is false, meaning the fund's price trend has not triggered a high-risk warning.

Pros

• Regular Income: The fund provides consistent monthly payouts.

• Price Stability: The erosion-risk score suggests the price has remained relatively stable or moved sideways.

• Positive One-Year Total Return: Despite a drop in share price, the total return for the year remained slightly positive.

Cons

• Negative Price Return: The share price has declined by 3.62% over the last year.

• No Holdings Data: There are currently no top holdings listed in the supplied data to show exactly what bonds the fund owns.

Beginner takeaway

AGGA is an income-focused fund that pays investors monthly. While the share price has dipped slightly over the past year, the cash distributions have helped the total return stay near the break-even point. Investors typically use funds like this for steady cash flow, but they must monitor whether the share price remains stable over the long term.