What this ETF is trying to do

The Portfolio Building Block Integrated Oil and Gas and Exploration and Production Index ETF (ticker: PBOG) is designed to track companies in the oil and gas industry. It invests in businesses that explore for, produce, and manage energy resources. This ETF holds a total of 37 different companies.

What the numbers show

As of October 5, 2026, the current price of one share is $34.96. So far this year (Year-to-Date), the ETF has seen a price return of approximately 38.45%. The total return for the year is also approximately 38.45%. This means the share price has increased significantly since the start of the year. Data for one-year and three-year returns was not supplied.

Income and distribution explanation

This ETF has a distribution yield of approximately 12.53%. A distribution is a cash payment made to investors. It is important to understand that a high distribution yield does not mean an investor will earn that same percentage as their total return.

The distributions for this ETF are described as "irregular" or "less frequent." In the last 12 months, there was only one payout. Because the payments do not happen on a regular schedule, investors should not rely on them as a steady source of income.

NAV erosion explanation

NAV erosion refers to a decline in the value of the underlying assets that the ETF owns. If the value of these assets drops, the ETF's value can also drop. For PBOG, an erosion-risk score is not available because there is not enough verified price history yet. There is no "severe erosion-risk flag" for this ETF at this time.

Top Holdings

The following are some of the largest companies held by this ETF. Please note that holdings can change over time:

• ExxonMobil Holdings Corp (19.18%)

• Chevron Corp (11.67%)

• Shell PLC (7.28%)

• TotalEnergies SE (5.22%)

• ConocoPhillips (4.66%)

Pros

• The ETF has shown a strong share-price return so far this year.

• It provides exposure to many large, well-known energy companies.

Cons

• There is not enough historical data to see how the ETF performs over long periods of time.

• Cash distributions are irregular and do not happen frequently.

Beginner takeaway

This ETF focuses on the oil and gas sector. While the share price has grown a lot this year, beginners should remember that high yields can sometimes be misleading. It is important to look at both the change in share price and the cash distributions when learning about an ETF.