ESLV: EVENTIDE LARGE CAP VALUE ETF
ETF Education Report: Eventide Large Cap Value ETF (ESLV)
What this ETF is trying to do
The Eventide Large Cap Value ETF (ESLV) is an exchange-traded fund that focuses on large companies. Based on its name and holdings, it looks for "value" stocks. This means it invests in companies that may be priced lower than what they are worth. The fund holds 126 different companies. Some of its top holdings include ExxonMobil Holdings Corp, ConocoPhillips, and Medtronic PLC. Please remember that holdings can change over time.
What the numbers show
When looking at an ETF, it is important to understand two different types of returns: price return and total return.
• Price Return: This measures only the change in the share price. For ESLV, the one-year price return was approximately 12.84%. The year-to-date (YTD) price return was approximately 11.40%.
• Total Return: This is a more complete measure because it includes both the share price changes and any cash distributions paid out to investors. The one-year total return was approximately 14.31%, and the YTD total return was approximately 12.50%.
To give you an idea of price movement, the current price is $28.24. The estimated price from roughly one year ago was approximately $25.03.
Income and distribution explanation
Some investors look for ETFs that pay them cash regularly. This cash is called a distribution. ESLV has a distribution yield of approximately 1.25%. This means the cash paid out is about 1.25% of the ETF's price. The fund usually pays these distributions quarterly, and it has made 4 payments over the last 12 months.
It is important to remember that a distribution yield is not the same as total return. While distributions provide cash, they are separate from the growth of the share price itself.
NAV erosion explanation
"NAV erosion" is a term used to describe when the value of the underlying assets in a fund decreases significantly. Some investors worry about this because they want to make sure their original investment stays stable. For ESLV, the erosion-risk score is 100, and the label shows "No price erosion detected." There is no severe erosion-risk flag for this ETF.
Pros
• The fund has shown positive price returns over the last year and year-to-date.
• The total return is higher than the price return, meaning distributions added value to the overall performance.
• The erosion-risk measurement is rated as "good."
Cons
• Total return data for the last three years was not supplied.
• The list of top holdings is only a partial list of the 126 companies held by the fund.
Beginner takeaway
When studying ESLV, notice the difference between how much the share price grew and the total return including cash payments. This ETF has shown growth in both areas recently, and its risk of price erosion is currently rated as low. Always remember that past performance does not guarantee what will happen in the future.
Top Holdings
Structured portfolio holdings supplied by the ETF data provider. These figures are not generated by the AI article.
| # | Holding | Ticker | Weight |
|---|---|---|---|
| 1 | EXXONMOBIL HOLDINGS CORP | XOM | 5.67% |
| 2 | CONOCOPHILLIPS | COP | 2.77% |
| 3 | AMGEN INC | AMGN | 2.63% |
| 4 | MEDTRONIC PLC | MDT | 2.55% |
| 5 | DUKE ENERGY CORP | DUK | 2.51% |
| 6 | UNION PACIFIC CORP | UNP | 2.50% |
| 7 | SOUTHERN CO | SO | 2.45% |
| 8 | THE HOME DEPOT INC | HD | 2.37% |
| 9 | PROGRESSIVE CORP | PGR | 2.31% |
| 10 | EOG RESOURCES INC | EOG | 1.94% |