What this ETF is trying to do

The Leadershares Dynamic Yield ETF (DYLD) is designed to provide investors with income through regular cash distributions. It focuses on generating a yield for people who want a steady stream of payments from their investment.

What the numbers show

As of October 9, 2026, the share price of DYLD was $22.05. To understand how the ETF has performed, we look at two different types of returns: price return (the change in the share price) and total return (which includes both the price change and the distributions paid out).

• Year-to-Date (YTD): The price return is -2.50%, but the total return is 0.48%.

• One Year: The price return is -2.82%, while the total return is 1.30%.

• Three Year: The price return is 1.41%, and the total return is 15.41%.

An estimated price from roughly one year ago was $22.69. If you had invested $10,000 based on that estimated price, the price-only decline of -2.82% over the year would mean your principal value (without counting distributions) would be approximately $9,718.

Income and distribution explanation

DYLD usually pays distributions monthly. Over the last 12 months, it made 12 payouts totaling $0.93 per share. This results in a distribution yield of approximately 4.23%.

It is important for beginners to remember that a high distribution yield alone can be misleading. A yield tells you how much cash is being paid relative to the price, but it does not guarantee that the investment is growing or that your original principal is safe.

NAV erosion explanation

"NAV erosion" happens when the net asset value (the actual value of the fund's holdings) steadily declines over time. Investors who want income care about principal stability because they don't want their initial investment to disappear while they collect payments.

For DYLD, the erosion-risk score is 94, and the erosion severity is labeled as "good." The erosion label is "Stable / sideways," and the severe erosion-risk flag is false. This means the fund's price trend has not triggered a severe erosion warning.

Pros

• Consistent Payouts: The ETF has a history of monthly distributions.

• Stable Risk Score: It has a "good" erosion severity rating and a stable label.

• Positive Total Returns: While the share price has dipped recently, the total returns over one and three years remain positive.

Cons

• Price Decline: The share price has seen a decline both year-to-date and over the last 12 months.

• No Holdings Data: There is currently no specific list of top holdings available to review.

Beginner takeaway

DYLD provides regular monthly income, but its share price has fluctuated. While the total return is positive because of the distributions, the share price itself has dropped slightly over the last year. Always look at both the price return and the total return to see the full picture.