What this ETF is trying to do

The Liberty One Tactical Income ETF (ticker: LOTI) is designed to provide income to investors. It works by investing in a variety of different assets. Based on its top holdings, it includes several bond-focused ETFs and some individual company stocks.

What the numbers show

As of October 9, 2026, the current price of LOTI is $25.55. An estimated price from roughly one year ago was approximately $25.31.

When looking at how this ETF has performed, it is important to understand two different types of returns:

• Price Return: This only measures how much the share price itself changed.

• Total Return: This includes both the change in share price and the cash distributions (dividends) paid out.

Over the last year, the one-year price return was approximately 0.94%. However, the one-year total return was higher, at approximately 3.26%. For the current year so far, the year-to-date (YTD) price return is about 1.29%, while the YTD total return is about 3.16%.

Income and distribution explanation

LOTI provides a distribution yield of approximately 2.29%. This represents the cash distributions relative to the ETF's price. The fund usually pays out these distributions on a monthly basis; in the last 12 months, it has made 11 payments.

It is important to remember that while distributions provide cash income, they do not guarantee that the share price will stay the same or grow.

NAV erosion explanation

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 price-based evidence. The ETF has an erosion-risk score of 94, which is labeled as "Stable / sideways." This suggests that the share price has not shown significant deterioration. There is no severe erosion-risk flag for this ETF.

Pros

• Regular Income: The fund typically pays out distributions monthly.

• Total Return: For both the one-year and YTD periods, the total return was higher than the price return, meaning the distributions added to the overall value.

• Price Stability: The erosion-risk score suggests a stable or sideways price trend.

Cons

• Low Price Growth: The share price itself has seen very little growth, with the one-year price return being less than 1%.

• Partial Information: The list of holdings provided is only a partial list of the Top Holdings, meaning there are other investments in the fund not listed here.

Beginner takeaway

LOTI is an ETF that focuses on providing regular cash payments, usually every month. While the actual share price has stayed relatively flat, the total return (which includes those cash payments) has been higher than the price change alone. Investors interested in income should note that while the distributions are frequent, the growth in the share price itself has been small.

Top Holdings:

• JPMORGAN INCOME ETF (7.67%)

• EATON VANCE SHORT DURATION INCOME ETF (6.75%)

• TCW FLEXIBLE INCOME ETF (6.61%)

• PIMCO MULTISECTOR BOND ACTIVE ETF (6.56%)

• VANGUARD MORTGAGE-BACKED SECS ETF (5.64%)

• ISHARES CORE US AGGREGATE BOND ETF (5.61%)

• VANGUARD LONG-TERM CORPORATE BD ETF (4.36%)

• ELI LILLY AND CO (3.18%)

• CARDINAL HEALTH INC (2.99%)

• JOHNSON & JOHNSON (2.85%)