Understanding the GRIZZLE GROWTH ETF (DARP)

The GRIZZLE GROWTH ETF (ticker: DARP) is an exchange-traded fund listed on the NYSE. This ETF focuses on growth, holding a variety of companies within its portfolio.

What this ETF is trying to do

DARP is designed to provide exposure to a selection of companies. Based on its top holdings, the fund includes many well-known technology and semiconductor companies. It is not a leveraged or inverse fund, meaning it does not use complex debt strategies to multiply returns or bet against the market.

Top Holdings

The following are the largest companies held by the fund (note that this is a partial list):

• Alphabet Inc Class A (9.85%)

• Micron Technology Inc (9.38%)

• Nvidia Corp (8.96%)

• Amazon.com Inc (7.46%)

• GE Vernova Inc (4.59%)

• Coherent Corp (4.13%)

• Everpure Inc Class A (3.46%)

• Taiwan Semiconductor Manufacturing Co Ltd ADR (3.16%)

• Apple Inc (3.11%)

• Vertiv Holdings Co Class A (2.76%)

Please note that holdings can change over time.

What the numbers show

The data shows significant growth in the share price over different time periods.

• Year-to-Date (YTD): The price return is approximately 34.06%.

• One-Year: The share-price return (price return) was approximately 41.66%. When including distributions, the one-year total return was approximately 42.27%.

• Three-Year: The share-price return was approximately 145.49%. The three-year total return was approximately 152.00%.

An estimated price from roughly one year ago was $42.77, compared to the current price of $60.59.

Income and distribution explanation

DARP provides some income through distributions, but it is not primarily an income fund. The distribution yield is approximately 0.32%. The trailing distributions were $0.1962.

The distribution frequency is described as "irregular" or "less frequent," with only one payout recorded in the last 12 months. Because the yield is relatively low, this ETF is focused more on price growth than on providing regular cash payments.

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, which is labeled as "No price erosion detected." The erosion severity is rated as "good," and there is no severe erosion-risk flag.

Pros

• Strong Price Growth: The fund has shown high price returns over the last year and three years.

• No Price Erosion Detected: The current measurements show no signs of significant price deterioration.

Cons

• Low Distribution Frequency: Income is irregular and less frequent, which may not suit investors looking for steady monthly cash.

• Concentration: The top holdings represent a significant portion of the fund.

Beginner takeaway

DARP is an ETF that has recently experienced strong share-price growth. While it does pay distributions, the yield is low and the payments are not frequent. Investors should distinguish between the "price return" (how much the share price moved) and the "total return" (which includes the value of distributions).