CARZ: FIRST TRUST S-NETWORK FUTURE VEHICLES & TECHNOLOGY ETF
What this ETF is trying to do
The FIRST TRUST S-NETWORK FUTURE VEHICLES & TECHNOLOGY ETF (ticker: CARZ) is designed to invest in companies involved in future vehicle technology. This includes sectors related to how vehicles are built and the technology that powers them. The fund holds a variety of companies, including major names in semiconductors and technology.
Top Holdings
Based on the most recent data, some of the largest companies in this portfolio include:
• Microsoft Corp (5.76%)
• Advanced Micro Devices Inc (5.07%)
• NVIDIA Corp (5.02%)
• Micron Technology Inc (4.91%)
• Samsung Electronics Co Ltd (4.90%)
• Intel Corp (4.89%)
• Apple Inc (4.78%)
• TSMC (4.60%)
• Alphabet Inc Class A (4.35%)
• Tesla Inc (4.14%)
Please note that this is a partial list of the 106 total holdings, and holdings can change over time.
What the numbers show
The data shows significant growth in both share price and total returns over various timeframes.
Price Return vs. Total Return
It is important to understand the difference between these two numbers. The price return only tracks how much the share price itself has changed. The total return includes both the price change and any distributions (cash payments) made to investors.
• Year-to-Date (YTD): The YTD price return is approximately 41.03%. The YTD total return is also approximately 41.03%.
• One-Year: The one-year price return was approximately 47.64%, while the one-year total return was higher at approximately 49.71%.
• Three-Year: The three-year price return was approximately 117.90%, and the three-year total return was approximately 126.38%.
Additionally, an estimated price from roughly one year ago was $74.42, compared to the current price of $109.87.
Income and distribution explanation
CARZ provides a distribution yield of approximately 0.98%. This represents the cash distributions relative to the ETF's price. The trailing distributions are approximately $1.08 per share.
The distribution frequency is described as "irregular" or "less frequent," with only one payout recorded in the last 12 months. Because these payments do not happen on a regular schedule, investors should not rely on them as a steady stream of income.
NAV erosion explanation
"NAV erosion" refers to a decline in the Net Asset Value (the actual value of the assets held by the fund). While a falling share price can sometimes look like erosion, they are different things.
For CARZ, the erosion-risk score is 100, which is labeled as "No price erosion detected." There is no severe erosion-risk flag for this ETF. 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.
Pros
• Strong Growth: The ETF has shown high price returns over the last year and three years.
• Low Erosion Risk: The current data shows no detected price erosion.
Cons
• Irregular Income: Distributions are not frequent, which may make it difficult to plan for regular cash flow.
• Sector Concentration: The fund is focused on specific technology and vehicle sectors.
Beginner takeaway
CARZ has experienced significant price growth recently. While it does pay distributions, the yield is relatively low and the payments are irregular. When looking at this ETF, it is helpful to distinguish between the share-price growth (price return) and the overall growth including cash payments (total return).
Top Holdings
Structured portfolio holdings supplied by the ETF data provider. These figures are not generated by the AI article.
| # | Holding | Ticker | Weight |
|---|---|---|---|
| 1 | MICROSOFT CORP | MSFT | 5.76% |
| 2 | ADVANCED MICRO DEVICES INC | AMD | 5.07% |
| 3 | NVIDIA CORP | NVDA | 5.02% |
| 4 | MICRON TECHNOLOGY INC | MU | 4.91% |
| 5 | SAMSUNG ELECTRONICS CO LTD | n/a | 4.90% |
| 6 | INTEL CORP | INTC | 4.89% |
| 7 | APPLE INC | AAPL | 4.78% |
| 8 | n/a | TSM | 4.60% |
| 9 | ALPHABET INC CLASS A | GOOGL | 4.35% |
| 10 | TESLA INC | TSLA | 4.14% |