North Shore Equity Rotation ETF (KOOL) Report

The North Shore Equity Rotation ETF (ticker: KOOL) is an exchange-traded fund listed on the NYSE. This ETF focuses on a rotation strategy, meaning it moves between different types of investments. Based on its current holdings, it includes a mix of large technology companies and other sectors.

What this ETF is trying to do

KOOL uses a rotation strategy to manage its portfolio. While the specific rules of its rotation are not detailed in the data, we can see what it currently holds. Its top holdings include companies like NVIDIA Corp (6.00%), the State Street Health Care Sector SPDR ETF (5.64%), and Quanta Services Inc (4.66%). Other significant holdings include Apple Inc, Amazon.com Inc, and Alphabet Inc. Because the list of holdings is partial, these represent only the largest pieces of the fund.

What the numbers show

The data shows that KOOL has experienced growth in its share price recently.

• Price Return: This measures only the change in the share price. The year-to-date (YTD) price return is approximately 17.55%. The one-year price return is approximately 17.83%.

• Total Return: This measures the share price change plus any distributions paid out. The YTD total return is approximately 17.90%, and the one-year total return is approximately 18.37%.

To put this in perspective, the estimated price from roughly one year ago was $12.67. The current price is $14.93.

Income and distribution explanation

KOOL provides cash distributions to investors. The distribution yield is approximately 0.41%. This number describes the cash paid out relative to the ETF's current price. The fund usually pays these distributions on a quarterly basis, with 4 payments recorded over the last 12 months.

NAV erosion explanation

"NAV erosion" refers to a decline in the Net Asset Value (the actual value of the assets held by the fund). 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, regarding price-based evidence, the fund has an erosion score of 100, which is labeled as "No price erosion detected." The erosion severity is rated as "good," and there is no severe erosion-risk flag.

Pros

• Positive Returns: Both the price return and total return have been positive over the last year.

• Low Erosion Risk: The fund shows no signs of price erosion based on the current score.

• Income Rating: The fund has an income rating grade of "A."

Cons

• Lower Yield: The distribution yield is relatively low at approximately 0.41%.

• Partial Data: The provided holdings list is only a partial view of the total 47 holdings in the fund.

Beginner takeaway

KOOL is an ETF that has shown both price and total growth over the past year. It offers a small amount of quarterly income through distributions. While it is important to remember that past performance does not guarantee future results, the current data shows a history of price stability rather than price erosion.