ETF Education Report: ARGENT MID CAP ETF (AMID)

What this ETF is trying to do

The ARGENT MID CAP ETF (ticker: AMID) is an exchange-traded fund that focuses on mid-cap companies. Mid-cap companies are generally businesses that are medium-sized—not as small as startups, but not as massive as the biggest global corporations.

What the numbers show

The current price of AMID is $37.24. To understand how the value has changed, we can look at several different types of returns:

• Price Return: This measures only the change in the share price. The year-to-date (YTD) price return is approximately 11.06%. Over the last year, the price return was about 9.57%, and over the last three years, it was approximately 42.57%.

• Total Return: This is a more complete measure because it includes both price changes and distributions (cash paid out). The YTD total return is 11.06%. The one-year total return was approximately 9.96%, and the three-year total return was about 44.17%.

For a visual example, the estimated price from roughly one year ago was $33.99. If you had invested based on that estimated price, the share price has grown since then.

Income and distribution explanation

Some investors look for ETFs that pay out cash, known as distributions. AMID has a distribution yield of approximately 0.32%. This means the cash distributed is small relative to the ETF's price. The distributions for this fund are described as "irregular" or "less frequent," with one payout recorded in the last 12 months. It is important to remember that a distribution yield tells you how much cash was paid out, but it does not guarantee future payments or protect your original investment.

NAV erosion explanation

"NAV erosion" refers to a situation where the value of the underlying assets in the fund decreases significantly over time. StockValueFinder uses an "erosion-risk score" to help monitor this. For AMID, the erosion score is 100, and the label indicates "No price erosion detected." There is no severe erosion-risk flag for this ETF.

Top Holdings

The following are some of the top holdings in this portfolio (note that this is a partial list):

• Victory Capital Holdings Inc Class A (5.29%)

• Comfort Systems USA Inc (3.51%)

• Medpace Holdings Inc (3.43%)

• LPL Financial Holdings Inc (3.36%)

• Hewlett Packard Enterprise Co (2.99%)

Pros

• The ETF has shown positive price returns over the one-year and three-year periods.

• The erosion-risk measurement is rated as "good."

Cons

• The distribution yield is relatively low.

• Distributions are irregular rather than happening on a set schedule.

Beginner takeaway

AMID is an ETF that tracks mid-sized companies. While it provides some cash distributions, its primary movement comes from changes in share price. The data shows that the fund has experienced growth in both price and total return over the last three years without showing signs of price erosion.