What this ETF is trying to do

The GENTER CAPITAL INTERNATIONAL DIVIDEND ETF (GENW) is designed to provide investors with exposure to international companies that pay dividends. It holds a variety of global stocks, including many American Depositary Receipts (ADRs), which are ways for U.S. investors to hold shares in foreign companies.

What the numbers show

As of October 6, 2026, the share price of GENW was $14.47.

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 one-year price return was 14.93%, and the year-to-date (YTD) price return was 8.11%.

• Total Return: This reflects the overall return, including the distributions paid out. The one-year total return was 17.62%, and the YTD total return was 10.28%.

For a simple example, if you had invested $10,000 based on the estimated price from roughly one year ago ($12.59), the price-only growth would have increased that amount by 14.93%.

Income and distribution explanation

This ETF usually pays distributions quarterly. Over the last 12 months, it made 4 payouts. The distribution yield is 2.32%.

It is important for beginners to remember that a distribution yield is not the same as a total return. While distributions provide cash income, they do not guarantee that the original investment (the principal) will stay the same or grow.

NAV erosion explanation

"NAV erosion" happens when the net asset value of a fund declines over time, often meaning the fund is losing its underlying value.

For GENW, the erosion-risk score is 100, and the erosion severity is labeled as "good." The data states that no price erosion was detected, and the severe erosion-risk flag is false.

Top Holdings

The fund holds 36 different assets. Because the list is partial, these are the Top Holdings as of October 7, 2026:

• Banco Bilbao Vizcaya Argentaria SA ADR: 4.68%

• ABB Ltd ADR: 4.66%

• Mitsubishi UFJ Financial Group Inc ADR: 4.62%

• Barclays PLC ADR: 4.61%

• Sumitomo Mitsui Financial Group Inc ADR: 4.33%

• BNP Paribas ADR: 4.02%

• Vodafone Group PLC ADR: 3.58%

• Allianz SE ADR: 3.14%

• Enbridge Inc: 2.98%

• Telefonaktiebolaget L M Ericsson ADR: 2.96%

Pros

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

• No detected NAV erosion according to the erosion-risk score.

• Provides diversified international exposure.

Cons

• The income rating grade is a "C," which is a mid-range score.

• The distribution yield is relatively low compared to some specialized income funds.

Beginner takeaway

GENW is an international dividend fund that has seen both its share price and total return grow over the past year. While it provides regular cash distributions, investors should look at the total return rather than just the yield to understand how the investment is actually performing.