Understanding the STRATEGY SHARES NASDAQ 7 HANDL(TM) INDEX ETF (HNDL)

The STRATEGY SHARES NASDAQ 7 HANDL(TM) INDEX ETF (ticker: HNDL) is an exchange-traded fund designed to provide investors with both share price movement and regular cash distributions. As of September 24, 2026, the ETF is priced at $21.78.

What this ETF is trying to do

HNDL is an asset-type ETF listed on the NASDAQ. While specific holdings were not provided in the current data, the fund focuses on providing a combination of price returns and regular income to its investors.

What the numbers show

When looking at HNDL, it is important to distinguish between price return (the change in the share price) and total return (which includes the value of distributions).

• Year-to-Date (YTD): The price return is approximately -1.09%, meaning the share price has dropped slightly since the start of the year. However, the YTD total return is approximately 4.25%, showing that distributions have added value to the overall investment.

• One-Year Performance: The one-year price return is approximately -1.95%, while the one-year total return is approximately 5.18%.

• Three-Year Performance: Over the last three years, the price return has been approximately 11.92%, and the total return has been approximately 38.14%.

An estimated price from roughly one year ago was $22.21.

Income and distribution explanation

HNDL is designed with a focus on income. The fund has a distribution yield of approximately 7.23%. This means the cash distributions represent about 7.23% of the ETF's price.

The fund typically pays out distributions monthly, with 12 payments recorded over the last year. Based on recent data, these payments most frequently occur on Thursdays. The trailing distributions for the period were approximately 1.57 per share.

NAV erosion explanation

Some investors worry about "NAV erosion," which is when the Net Asset Value (the actual value of the fund's assets) decreases 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, we can look at the erosion-risk score. HNDL has an erosion 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. This suggests that the price trends are currently considered stable by these specific risk measurements.

Pros

• Strong Total Returns: The total return figures (such as the 38.14% three-year return) are significantly higher than the price-only returns.

• Regular Income: The fund offers a high distribution yield and a history of monthly payments.

• Income Rating: The fund has an income rating grade of "A" with a score of 85.

Cons

• Price Fluctuations: The share price has seen slight declines in both the year-to-date and one-year periods.

• Yield vs. Price: A high distribution yield does not guarantee that the share price will stay the same or increase.

Beginner takeaway

HNDL is an ETF that focuses on providing regular monthly income. While the share price itself has seen some small declines recently, the total return—which includes the cash paid out to investors—has remained positive. Investors should remember that a high distribution yield is not the same as total return, and they should monitor both the share price and the distributions to understand the full picture.