NXTE: AXS GREEN ALPHA ETF
AXS GREEN ALPHA ETF (NXTE) Educational Report
What this ETF is trying to do
The AXS GREEN ALPHA ETF (ticker: NXTE) is an exchange-traded fund listed on the NYSE. While the specific investment strategy is not detailed in the data, the fund holds a variety of companies across different sectors. Based on its top holdings, it includes major players in technology and semiconductor manufacturing, such as Taiwan Semiconductor Manufacturing Co Ltd ADR (12.11%) and SK Hynix Inc (10.62%).
What the numbers show
The current price of NXTE is $48.15. When looking at how the fund has performed, it is important to distinguish between "price return" (the change in share price) and "total return" (which includes distributions).
• Year-to-Date (YTD): The price return is approximately 24.79%, while the total return is approximately 25.23%.
• One-Year: The price return was approximately 19.06%, and the total return was approximately 19.50%.
• Three-Year: The price return was approximately 76.26%, and the total return was approximately 79.01%.
An estimated price from roughly one year ago was $40.44.
Income and distribution explanation
NXTE provides a distribution yield of approximately 0.37%. This represents the cash distributions relative to the ETF price. The trailing distributions are $0.18 per share.
The distribution frequency is described as "irregular" or "less frequent," with only 3 payouts recorded over the last 12 months. Because these payments do not happen on a set schedule, they are not considered regular monthly or quarterly income.
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 present.
Pros
• The fund has shown positive price returns and total returns over the one-year and three-year periods.
• The erosion-risk score suggests there has been no significant price deterioration.
Cons
• The distribution frequency is irregular, meaning investors cannot rely on a predictable schedule for cash payments.
• The distribution yield is relatively low at 0.37%.
Beginner takeaway
NXTE has recently experienced growth in both its share price and its total return. While it does pay distributions, they are infrequent and the yield is small. Investors should note that price returns and total returns are different, and total return is the more complete measure of performance as it includes those distributions.
Top Holdings
Structured portfolio holdings supplied by the ETF data provider. These figures are not generated by the AI article.
| # | Holding | Ticker | Weight |
|---|---|---|---|
| 1 | TAIWAN SEMICONDUCTOR MANUFACTURING CO LTD ADR | TSM | 12.11% |
| 2 | SK HYNIX INC | n/a | 10.62% |
| 3 | MODERNA INC | MRNA | 4.86% |
| 4 | ASML HOLDING NV ADR | ASML | 4.84% |
| 5 | APPLIED MATERIALS INC | AMAT | 4.45% |
| 6 | LAM RESEARCH CORP | LRCX | 4.41% |
| 7 | INTERNATIONAL BUSINESS MACHINES CORP | IBM | 3.56% |
| 8 | VESTAS WIND SYSTEMS AS | n/a | 3.44% |
| 9 | CONTEMPORARY AMPEREX TECHNOLOGY CO LTD CLASS A | n/a | 3.05% |
| 10 | CRISPR THERAPEUTICS AG | CRSP | 3.05% |