What this ETF is trying to do

The AZTLAN GLOBAL STOCK SELECTION DM SMID ETF (AZTD) is an exchange-traded fund (ETF). Based on its name, it focuses on selecting global stocks. It specifically looks at "SMID" companies, which usually refers to small and mid-sized businesses.

What the numbers show

To understand how this ETF has performed, we can look at its price returns and total returns over different periods of time.

• Current Price: $30.91

• Estimated Price from Roughly One Year Ago: $28.43

• Year-to-Date (YTD) Price Return: 8.77%

• One-Year Price Return: 8.74%

• Three-Year Price Return: 59.82%

Price return tells you how much the share price changed on its own. To see the difference, we can look at the total returns provided by the data:

• One-Year Total Return: 9.86%

• Three-Year Total Return: 64.63%

Total return is different because it reflects the overall return measure, including distributions according to the source data. For example, if you had invested $10,000 one year ago at the estimated price of $28.43, you would have owned about 351 shares. Based on the one-year price return alone, those shares would be worth approximately $10,867 today. This example does not include any cash distributions.

Income and distribution explanation

This ETF provides some cash to investors through distributions. The distribution yield is 0.97%. The trailing distribution was $0.30 per share. These distributions happen on an irregular or less frequent basis. It is important for new investors to know that a high distribution yield does not automatically mean the investor earned that percentage as a total return, and it does not guarantee that the original investment amount will stay the same.

NAV erosion explanation

StockValueFinder uses an erosion score to help measure risk. This ETF has an erosion score of 100, which is labeled as "No price erosion detected." There is no severe erosion-risk flag for this fund.

NAV erosion is a term used to describe when the value of the underlying assets in a fund decreases over time. While a falling share price can happen, it does not always mean that NAV erosion is occurring. In this case, the data shows a "good" erosion severity rating.

Pros

• The ETF has shown positive price returns over one year (8.74%) and three years (59.82%).

• It has a high erosion score of 100 with no detected price erosion.

• The total return figures are higher than the price return figures, showing that distributions contributed to the overall return.

Cons

• Distributions are irregular or less frequent, which may not suit investors looking for a steady paycheck.

• The distribution yield is relatively low at 0.97%.

Top Holdings

The following are some of the top holdings in the portfolio as of October 7, 2026. Please note that this is only a partial list of the 52 total holdings:

1. HALOZYME THERAPEUTICS INC (2.62%) 2. HAPPINET CORP (2.50%) 3. CYBOZU INC (2.46%) 4. MAPLEBEAR INC (2.39%) 5. DOCUSIGN INC (2.35%) 6. FRONTDOOR INC (2.29%) 7. REMITLY GLOBAL INC (2.28%) 8. LUMENTUM HOLDINGS INC (2.27%) 9. SPROUTS FARMERS MARKET INC (2.25%) 10. FEDERATED HERMES INC CLASS B (2.21%)

Holdings can change over time.

Beginner takeaway

AZTD is an ETF that selects global stocks, specifically focusing on small and mid-sized companies. It has shown growth in both price and total returns over the last three years. While it does pay out distributions, they are not very frequent or high. The data currently shows no signs of NAV erosion risk.