What this ETF is trying to do

The ELM Market Navigator ETF is a fund that spreads its investments across many different assets. Based on its top holdings, it invests in other ETFs that cover the total US stock market, government bonds, and international markets including Europe and emerging economies.

What the numbers show

As of October 9, 2026, the share price of ELM is $29.41.

When looking at performance, it is important to distinguish between price return and total return:

• Price Return: This measures only the change in the share price. The year-to-date (YTD) price return is 7.91%, and the one-year price return is 7.14%.

• Total Return: This reflects the overall return, including distributions. The YTD total return is 7.91%, and the one-year total return is 10.05%.

To put the one-year price return into perspective, if you had invested $10,000 in the shares one year ago (at an estimated price of $27.45), the value of those shares alone would be worth approximately $10,714 today.

Income and distribution explanation

ELM provides cash payments to investors called distributions. It has a distribution yield of 2.51%. Over the last 12 months, it has made 2 payouts. These payments happen on an irregular or less frequent basis.

It is important for new investors to remember that a high distribution yield alone can be misleading. While distributions provide cash income, they do not guarantee that the original investment amount (the principal) will stay the same or grow.

NAV erosion explanation

"NAV erosion" happens when the actual value of the fund's underlying assets drops over time. StockValueFinder uses an erosion-risk score to measure this. ELM has an erosion score of 100, and the label states "No price erosion detected." The erosion severity is rated as "good," and there is no severe erosion-risk flag for this fund.

Top Holdings

The fund's portfolio is diversified. As of October 4, 2026, the top holdings (which are a partial list) include:

• Vanguard Total Stock Market ETF: 19.25%

• Schwab US TIPS ETF: 14.22%

• iShares 0-3 Month Treasury Bond ETF: 10.51%

• Vanguard FTSE Emerging Markets ETF: 8.44%

• iShares Core MSCI Europe ETF: 7.06%

Pros

• The fund has shown positive price and total returns over the last year.

• It has a "good" erosion-risk rating.

• It provides a diversified mix of stocks and bonds.

Cons

• Distributions are irregular and less frequent.

• Total return data for three years is not supplied.

Beginner takeaway

ELM is a diversified ETF that has seen its share price increase over the past year while also paying out some cash to investors. It currently shows no signs of NAV erosion, meaning its price trend has remained stable according to the risk measurements provided.