Understanding the BRIDGES CAPITAL TACTICAL ETF (BDGS)

The BRIDGES CAPITAL TACTICAL ETF (ticker: BDGS) is an exchange-traded fund listed on the NASDAQ. This ETF uses a tactical strategy to manage its investments.

What this ETF is trying to do

BDGS invests in a variety of assets to meet its tactical goals. Based on its Top Holdings, the fund has a large position in the ALPHA ARCHITECT 1-3 MONTH BOX ETF (54.42%). Other holdings include the ISHARES RUSSELL 2000 ETF (4.98%) and various individual stocks like META PLATFORMS INC CLASS A (3.74%) and APPLIED MATERIALS INC (3.68%). Because holdings can change over time, it is important to check the most recent data regularly.

What the numbers show

The performance of BDGS can be looked at in two ways: price return and total return. Price return only tracks how the share price moves, while total return includes the impact of distributions.

• Year-to-Date (YTD): The YTD price return is approximately 9.77%, which is the same as its YTD total return.

• One-Year: The one-year price return is approximately 10.47%. The one-year total return is higher, at approximately 11.08%.

• Three-Year: The three-year price return is approximately 48.74%, while the three-year total return is approximately 53.54%.

To put this in perspective, the current price is $38.08. The estimated price from roughly one year ago was approximately $34.47.

Income and distribution explanation

This ETF provides some cash income through distributions. The distribution yield is approximately 0.50%. The trailing distributions are $0.1916.

It is important to note that the distribution frequency is described as "irregular" or "less frequent," with only one payout counted in the last 12 months. When looking at income, remember that a distribution yield is not the same as total return.

NAV erosion explanation

"NAV erosion" refers to a decline in the Net Asset Value (the actual value of the fund's underlying assets). 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, regarding price erosion (the decline in the market price of the shares), the fund has an erosion score of 100. This is labeled as "No price erosion detected," and the erosion severity is rated as "good." There is no severe erosion-risk flag for this ETF.

Pros

• Positive Returns: The fund has shown positive price returns and total returns over the one-year and three-year periods.

• Low Price Erosion Risk: The data shows no detected price erosion.

Cons

• Irregular Income: Distributions are not frequent or regular, which may be a factor for those seeking steady cash flow.

• Lower Yield: The distribution yield is relatively low at approximately 0.50%.

Beginner takeaway

BDGS has shown growth in both its share price and its total return over the last three years. While it provides some income, the payments are irregular. Investors should distinguish between price returns (the change in share cost) and total returns (which include the distributions paid out).