What this ETF is trying to do

The TOEWS AGILITY SHARES MANAGED RISK ETF (ticker: MRSK) is an exchange-traded fund listed on the NYSE. Based on its top holdings, this ETF focuses heavily on a single area. Its largest holding is the ISHARES CORE S&P 500 ETF, which makes up 77.28% of the portfolio. Because it holds mostly one other fund, its performance will likely follow that fund closely.

What the numbers show

The current price of MRSK is $40.11. An estimated price from roughly one year ago was $36.01.

When looking at how the ETF has performed, it is important to look at two different numbers: the price return and the total return. The price return only shows how much the share price changed. The total return includes those price changes plus any cash distributions paid to investors.

• One-Year: The one-year price return was approximately 11.38%. The one-year total return was approximately 11.79%.

• Year-to-Date (YTD): The YTD price return is approximately 8.99%, and the YTD total return is also approximately 8.99%.

• Three-Year: The three-year price return was approximately 42.58%. The three-year total return was approximately 44.60%.

Income and distribution explanation

Some investors look for ETFs that pay out cash, known as distributions. This ETF has a distribution yield of approximately 0.34%. This number describes the cash distributed relative to the ETF's price.

In the last 12 months, the ETF had two payouts. The frequency of these payments is described as "irregular," meaning they do not happen on a regular, predictable schedule.

NAV erosion explanation

"NAV erosion" refers to a decline in the value of the assets held within the ETF. It is important to know that a falling market price does not always mean the NAV has declined, but investors often watch for it.

For this ETF, the erosion-risk score is 100, and the label states "No price erosion detected." The erosion severity is rated as "good," and there is no severe erosion-risk flag.

Pros

• The ETF has shown positive price returns and total returns over the last one, three, and five years.

• The current erosion-risk score suggests no price erosion has been detected.

Cons

• The distribution yield is relatively low at 0.34%.

• The cash distributions are irregular and do not happen frequently.

• The portfolio is very concentrated, with one holding making up most of the ETF.

Beginner takeaway

MRSK is an ETF that primarily holds a large S&P 500 fund. Over the last few years, both its share price and its total return have grown. While it does pay out some cash, the amount is small and the timing is not regular. Currently, there are no signs of price erosion detected by the StockValueFinder score.