What this ETF is trying to do

The Eventide High Dividend ETF (ELCV) is designed to provide investors with income through dividends. It invests in a variety of companies, focusing on those that pay out a portion of their earnings to shareholders. As of October 12, 2026, the fund holds 48 different assets.

What the numbers show

The current price of ELCV is $30.99. Based on data from roughly one year ago, the estimated price was $26.91.

When looking at performance, there are two different ways to measure returns:

• Price Return: This measures only the change in the share price. The one-year price return is 15.16%, and the year-to-date (YTD) price return is 16.77%.

• Total Return: This reflects the overall return, including the cash distributions paid to investors. The one-year total return is 17.74%, and the YTD total return is 18.57%.

Income and distribution explanation

ELCV pays distributions usually every quarter. Over the last 12 months, it has made four payments. The distribution yield is approximately 2.16%.

It is important for beginners to remember that a distribution yield is not the same as a total return. While the yield shows the cash paid out relative to the price, the total return shows how the investment performed overall. In this case, the total return is higher than the price return because it includes these cash payments.

NAV erosion explanation

"NAV erosion" happens when the actual value of the fund's underlying assets drops over time. 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, looking at price-based evidence, the fund has an erosion score of 100, and the label states "No price erosion detected." The severe erosion-risk flag is also false.

Top Holdings

The fund's portfolio can change over time. As of October 12, 2026, the top holdings (which are a partial list) include:

• Prologis Inc: 5.29%

• Amgen Inc: 4.59%

• Entergy Corp: 4.55%

• Williams Companies Inc: 4.51%

• ExxonMobil Holdings Corp: 4.17%

• Royalty Pharma PLC Class A: 4.01%

• Medtronic PLC: 3.34%

• Fifth Third Bancorp: 3.2%

• Dell Technologies Inc: 3.05%

• Huntington Bancshares Inc: 3.04%

Pros

• Positive price and total returns over the last year and year-to-date.

• No price erosion detected according to the erosion score.

• An "A" income rating grade.

Cons

• The distribution yield is relatively low compared to some other high-income ETFs.

• Three-year performance data was not supplied.

Beginner takeaway

ELCV is an ETF for investors seeking a mix of share-price growth and regular income. Unlike some high-yield funds where the share price falls while paying out cash, ELCV's recent history shows that its distributions have been accompanied by capital appreciation.