ETF Education Report: GENTER CAPITAL MUNICIPAL QUALITY INTERMEDIATE ETF (GENM)

What this ETF is trying to do

The GENTER CAPITAL MUNICIPAL QUALITY INTERMEDIATE ETF (ticker: GENM) is an exchange-traded fund listed on the NYSE. While specific holdings are not listed in this report, this type of ETF generally focuses on municipal bonds.

What the numbers show

It is important to understand that "price return" and "total return" are different things. Price return only tracks how the share price changes. Total return includes both the price change and any cash distributions (dividends) paid out.

As of October 5, 2026, the current price is $9.90. Looking at the past year:

• One-year price return: The share price decreased by approximately 3.80%.

• One-year total return: When including distributions, the overall return was approximately -0.93%.

For the current year to date (YTD):

• YTD price return: The share price has fallen by approximately 3.84%.

• YTD total return: The overall return including distributions is approximately -1.70%.

To visualize the price change, if you had bought one share at the estimated price from roughly one year ago ($10.29), that single share would now be worth $9.90 based on price movement alone.

Income and distribution explanation

Some investors look for ETFs that pay out regular cash. This ETF has a distribution yield of approximately 3.05%. The trailing distributions over the last year were $0.30 per share. These payments usually happen monthly, often on a Thursday.

It is important to remember that a high distribution yield does not guarantee you will make money. A fund can pay out cash even if the share price is falling.

NAV erosion explanation

"NAV erosion" refers to a decline in the Net Asset Value, which is the actual value of the assets held by the fund. While a falling share price can sometimes be related to NAV changes, they are not the same thing.

In this case, the fund has an erosion-risk score of 94, which is labeled as "Stable / sideways." The erosion severity is rated as "good," and there is no severe erosion-risk flag present.

Pros

• The fund provides regular monthly distributions.

• The erosion-risk measurements suggest the fund is currently stable or moving sideways rather than showing signs of rapid value loss.

Cons

• The share price has seen a decline over the last year and year-to-date.

• Both the price return and total return have been negative for the periods provided.

Beginner takeaway

When looking at an ETF like GENM, it is helpful to look at both the price and the total return. The price tells you how the share value is moving, while the total return shows how much you would have actually gained or lost after including the cash distributions. Always remember that receiving regular income does not prevent the share price from decreasing.