Understanding the ONEASCENT CORE PLUS BOND ETF (OACP)

What this ETF is trying to do

The ONEASCENT CORE PLUS BOND ETF (OACP) is an exchange-traded fund listed on the NYSE. While specific holdings are not listed in this report, bond ETFs generally focus on providing exposure to different types of debt securities.

What the numbers show

When looking at an ETF, it is important to understand the difference between "price return" and "total return."

• Price Return: This only tracks how the share price changes.

• Total Return: This includes both the share price changes and the cash distributions (dividends) paid out to investors.

For OACP, the numbers show different trends depending on how much time has passed:

• Year-to-Date (YTD): The price return is approximately -6.01%, while the total return is approximately -2.99%.

• One Year: The price return is approximately -6.36%, while the total return is approximately -2.27%.

• Three Years: The price return is approximately 0.56%, while the total return is approximately 14.72%.

To visualize the price change, an investor's share price was estimated to be roughly $23.12 one year ago, compared to the current price of $21.65.

Income and distribution explanation

This ETF provides regular cash payments to investors. The distribution yield is approximately 4.50%. These distributions usually happen monthly, with the most common payout day being Thursday. Over the last 12 months, there were 12 distributions totaling approximately $0.97 per share.

It is important to remember that a high distribution yield does not guarantee that an investor will earn that same percentage as a total return.

NAV erosion explanation

"NAV erosion" refers to a decline in the Net Asset Value, or the actual value of the assets held by the fund. While a falling share price can sometimes look like erosion, they are not always the same thing.

StockValueFinder uses an "erosion-risk score" to measure this risk. OACP has an erosion score of 75, which is labeled as "mild price erosion." This indicates a mild level of risk regarding price deterioration. However, there is no "severe erosion-risk flag" for this ETF.

Pros

• The fund provides regular monthly cash distributions.

• Over a three-year period, the total return was positive at approximately 14.72%.

Cons

• The one-year and year-to-date price returns have been negative.

• The fund shows a "mild" erosion-risk score.

Beginner takeaway

When looking at OACP, notice that the total return is higher than the price return. This happens because the cash distributions help offset some of the share-price declines. Always look at both price return and total return to get a full picture of how an ETF is performing.