CHGX: STANCE SUSTAINABLE BETA ETF
Share-split context: A forward split was recorded on Apr 7, 2025 with coefficient 1.5555. 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.
Understanding the STANCE SUSTAINABLE BETA ETF (CHGX)
The STANCE SUSTAINABLE BETA ETF (ticker: CHGX) is an exchange-traded fund listed on the NASDAQ. This ETF focuses on a specific investment strategy, though its exact goal is defined by its sustainable beta approach.
What this ETF is trying to do
CHGX holds a variety of different companies. Based on its top holdings, the fund has exposure to several sectors, including technology and finance. Because the provided list of holdings is partial, we can only see a snapshot of its largest positions.
Top Holdings:
• Palo Alto Networks Inc (PANW): 1.29%
• Cloudflare Inc (NET): 1.22%
• Advanced Micro Devices Inc (AMD): 1.19%
• SharkNinja Inc (SN): 1.15%
• Arista Networks Inc (ANET): 1.14%
• LPL Financial Holdings Inc (LPLA): 1.14%
• AbbVie Inc (ABBV): 1.13%
• Apple Inc (AAPL): 1.13%
• Fortinet Inc (FTNT): 1.13%
• American Express Co (AXP): 1.12%
Please note that holdings can change over time.
What the numbers show
The performance of CHGX is shown through two different lenses: price return and total return. Price return only tracks the change in the share price, while total return includes the impact of distributions.
• Year-to-Date (YTD): The YTD price return is approximately 23.60%. The YTD total return is also approximately 23.60%.
• One-Year: The one-year price return is approximately 21.38%, while the one-year total return is approximately 22.20%.
• Three-Year: The three-year price return is approximately 75.41%, and the three-year total return is approximately 79.60%.
• Five-Year: The five-year total return is approximately 64.41%.
It is important to note that this ETF has a history of forward splits. In a forward split, each old share becomes multiple new shares, which causes the quoted per-share price to fall proportionally. This change does not create a gain or a loss for the investor; it is simply a structural adjustment.
Income and distribution explanation
CHGX provides a distribution yield of approximately 0.54%. The trailing distributions are recorded at 0.1828. The fund's distribution frequency is described as "irregular" or "less frequent," with only one payout recorded in the last 12 months.
When looking at income, it is important to remember that a distribution yield is not the same as total return. The yield represents the cash paid out relative to the price, but it does not tell you how much the overall investment grew.
NAV erosion explanation
"NAV erosion" refers to a decline in the Net Asset Value (the actual value of the assets held by the fund). 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-based evidence, the fund has an erosion score of 100, which is labeled as "No price erosion detected." The erosion severity is rated as "good," and there is no severe erosion-risk flag present.
Pros
• The fund has shown positive price and total returns over the one-year, three-year, and five-year periods.
• The erosion-risk measurements suggest the share price has not shown signs of significant deterioration.
Cons
• The distribution frequency is irregular, meaning investors cannot rely on a steady, predictable schedule of cash payments.
• The distribution yield is relatively low at approximately 0.54%.
Beginner takeaway
CHGX is an ETF that has experienced significant price and total returns over the last few years. While it pays distributions, they are infrequent. Investors should distinguish between the share price movement (price return) and the overall growth including distributions (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 | PALO ALTO NETWORKS INC | PANW | 1.29% |
| 2 | CLOUDFLARE INC | NET | 1.22% |
| 3 | ADVANCED MICRO DEVICES INC | AMD | 1.19% |
| 4 | SHARKNINJA INC | SN | 1.15% |
| 5 | ARISTA NETWORKS INC | ANET | 1.14% |
| 6 | LPL FINANCIAL HOLDINGS INC | LPLA | 1.14% |
| 7 | ABBVIE INC | ABBV | 1.13% |
| 8 | APPLE INC | AAPL | 1.13% |
| 9 | FORTINET INC | FTNT | 1.13% |
| 10 | AMERICAN EXPRESS CO | AXP | 1.12% |