Share-split context: A forward split was recorded on Jul 14, 2026 with coefficient 10. A forward split turns each old share into multiple new shares and lowers the quoted price per share proportionally. Proportional ownership is unchanged at the split moment, so the split itself creates neither a gain nor a loss. The price-return figures in this report are already split-adjusted.

ASML HOLDING NV ADRHEDGED(TM) (ASMH) Report

What this ETF is trying to do

ASMH is a single-stock ETF. This means it is designed to track the performance of one specific company. In this case, the fund focuses on ASML Holding NV ADR. Because it is a single-stock ETF, its performance is tied directly to the movement of that one company.

What the numbers show

The current price of ASMH is $12.63. When looking at how the fund has performed, it is important to look at two different types of returns:

• Price Return: This measures only the change in the share price. The year-to-date (YTD) price return is approximately 74.57%. The one-year price return is approximately 85.06%.

• Total Return: This measures the share price change plus any distributions received. The YTD total return is approximately 77.98%, and the one-year total return is approximately 89.04%.

Because this ETF has a history of forward splits, we use split-adjusted returns. A forward split means each old share became multiple new shares. While the price per share changes during a split, your total ownership stays the same at that moment.

Income and distribution explanation

ASMH provides a high distribution yield of approximately 15.87%. This represents the cash distributions relative to the ETF price. The fund has paid out $2.00 in trailing distributions. These payments usually happen on a quarterly basis, with 4 payments recorded over the last 12 months. Most of these distributions have occurred on Tuesdays.

It is important to remember that a high distribution yield does not mean an investor earned that same percentage as total return. Total return is the more complete picture of how much value was gained or lost.

NAV erosion explanation

Some investors worry about "NAV erosion," which is when the value of the underlying assets in a fund decreases 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.

Regarding price-based evidence, the fund has an erosion score of 100, which is labeled as "No price erosion detected." There is no severe erosion-risk flag for this ETF.

Pros

• The fund has shown strong positive price returns and total returns over the last year.

• It offers a high distribution yield for those seeking cash income.

Cons

• As a single-stock ETF, it lacks the diversification found in funds that hold many different companies.

• High distribution yields can sometimes be misleading if the share price is not stable.

Beginner takeaway

ASMH is a single-stock ETF focused on ASML Holding NV. It has recently shown significant growth in both share price and total return. While it offers a high distribution yield, investors should distinguish between the cash they receive (distributions) and the actual growth of their investment (total return).