Share-split context: A reverse split was recorded on Jul 27, 2020 with coefficient 0.05. A reverse split combines multiple old shares into fewer new shares and mechanically raises the quoted price per share. That mechanical increase does not restore lost investment value. The returns in this report are already split-adjusted, while reverse-split history remains a separate structural warning.

What this ETF is trying to do

PFX (PhenixFIN Corp) is an ETF listed on the NASDAQ. While the provided data does not list specific holdings, it is designed as an investment vehicle that provides both share-price movement and cash distributions to its investors.

What the numbers show

The current price of PFX is $45.40 as of October 7, 2026. Because this ETF has a history of share splits, we look at split-adjusted returns to see how it has performed.

• Year-to-Date (YTD): The price return is approximately 2.76%, while the total return is approximately 3.78%.

• One Year: The price return is approximately -4.67%, and the total return is approximately -3.73%.

• Three Year: The price return is approximately 18.69%, and the total return is approximately 26.92%.

It is important to note that price return only measures the change in the share price. Total return is a different measure that includes the distributions paid out to investors.

Income and distribution explanation

PFX has a distribution yield of approximately 0.90%. Over the last 12 months, it has made 2 payouts. The distribution frequency is described as irregular or less frequent.

For new investors, it is important to remember that a distribution yield is not the same as a total return. A yield tells you how much cash was paid out relative to the price, but it does not guarantee that the investment is growing or that your original principal is safe.

NAV erosion explanation

"NAV erosion" happens when the actual value of the assets inside an ETF drops over time. To track this risk, StockValueFinder uses an erosion-risk score.

PFX has an erosion score of 94, which is labeled as "Stable / sideways" with "good" severity. Additionally, the severe erosion-risk flag is false, meaning the current price trends and score did not trigger a severe warning.

Share Split History

PFX has a history of a reverse split. In a reverse split, multiple old shares are combined into fewer new shares. This causes the quoted per-share price to rise mechanically. It is important to understand that this mechanical price increase does not restore any lost investment value.

Pros

• The three-year total return is positive at approximately 26.92%.

• The erosion-risk score is currently labeled as "good" and "stable."

Cons

• The one-year price return is negative (approximately -4.67%).

• Distributions are irregular and less frequent.

Beginner takeaway

PFX is an ETF that has seen growth over three years but a slight decline over the last year. It pays out cash distributions, though not on a regular schedule. While the erosion-risk score is currently stable, investors should always look at total return rather than just the distribution yield to understand the full picture.