Share-split context: A reverse split was recorded on Feb 21, 2025 with coefficient 0.083333. A reverse split combines multiple old shares into fewer new shares and mechanically raises the quoted price per share. That mechanical increase does not restore lost investment value. The returns in this report are already split-adjusted, while reverse-split history remains a separate structural warning.

ETF Education Report: AMPLIFY SEYMOUR CANNABIS ETF (CNBS)

What this ETF is trying to do

The AMPLIFY SEYMOUR CANNABIS ETF (ticker: CNBS) is an exchange-traded fund that focuses on the cannabis industry. It holds a variety of different companies related to this sector. Because it is an ETF, it provides exposure to many different businesses at once rather than just one single company.

What the numbers show

The current price of CNBS is $25.65. When looking at how the fund has performed, it is important to look at both price return and total return.

• Price Return: This measures only the change in the share price.

• Total Return: This includes both the share price changes and any distributions (cash payments) made to investors.

According to the data, the fund has seen a decline in value over several timeframes:

• Year-to-Date (YTD): The YTD price return and total return are both approximately -9.60%.

• One Year: The one-year price return and total return are both approximately -21.57%.

• Three Year: The three-year price return is approximately -50.87%, while the three-year total return is approximately -27.48%.

• Five Year: The five-year total return is approximately -83.34%.

It is also important to note that this ETF has a history of a reverse split. On February 21, 2025, a reverse split occurred. In a reverse split, multiple old shares are combined into fewer new shares. This causes the price per share to rise mechanically, but it does not increase the actual value of the investment.

Income and distribution explanation

Some investors look for ETFs that pay them regular cash, known as distributions. For CNBS, no distributions have been detected. The distribution yield is 0%, and there have been no payouts in the last 12 months.

NAV erosion explanation

"NAV erosion" is a term used to describe a decline in the value of the fund's underlying assets. While a falling share price does not always mean the NAV has dropped, StockValueFinder uses an "erosion-risk score" to measure this risk.

CNBS has an erosion-risk score of 55, which is labeled as "Moderate price erosion." This means the fund has shown a moderate level of price deterioration.

Top Holdings

The following are the top holdings in this ETF (note that this list is partial):

• CURALEAF HOLDINGS INC: 14.58%

• GREEN THUMB INDS INC SWAP NBC-L: 14.17%

• TRULIEVE CANNABIS CORP ORDINARY SHARES: 14.13%

• TRULIEVE CANNABIS CORP SWAP NBC-L: 10.99%

• VERANO HLDGS CORP SWAP NBC-L: 7.57%

• GLASS HOUSE BRANDS INC SWAP NBC-L: 6.96%

• CRESCO LABS INC SWAP NBC-L: 6.25%

• TERRASCEND CORP SWAP NBC-L: 4.46%

• CURALEAF HLDGS SWAP NBC-L: 4.44%

• INNOVATIVE INDUSTRIAL PROPERTIES INC: 2.76%

*Holdings can change over time.*

Pros

• Provides diversified exposure to the cannabis sector through many different companies.

Cons

• The fund has experienced significant negative returns over the one-year, three-year, and five-year periods.

• The fund has a history of reverse splits.

Beginner takeaway

When looking at an ETF like CNBS, it is important to distinguish between price changes and total returns. This fund has shown a pattern of declining value over several years and does not currently provide cash distributions to investors.