RCGE: ROCKCREEK GLOBAL EQUALITY ETF
What this ETF is trying to do
The ROCKCREEK GLOBAL EQUALITY ETF (RCGE) is an exchange-traded fund listed on the NASDAQ. While the specific investment strategy is not detailed in the provided data, the fund holds a diverse group of 204 different assets. Its portfolio includes various international companies across different sectors.
What the numbers show
When looking at how RCGE has performed, it is important to distinguish between price return and total return. Price return only tracks the change in the share price, while total return includes both price changes and distributions (cash payments).
• Year-to-Date (YTD): The YTD price return is approximately 2.97%. For this period, the YTD total return is also approximately 2.97%.
• One-Year Performance: The one-year price return was approximately 3.99%. However, the one-year total return was higher at approximately 5.87%, which shows the impact of distributions.
• Price Comparison: The current price is $29.07. An estimated price from roughly one year ago was approximately $27.95.
Income and distribution explanation
RCGE provides cash distributions to investors, but the frequency is described as "irregular" or "less frequent." In the last 12 months, there was only one distribution payout. The trailing distributions were approximately $0.51 per share.
The distribution yield is approximately 1.76%. It is important to remember that a distribution yield tells you how much cash was paid out relative to the share price, but it is not the same as your total return.
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, we can look at the erosion-risk score, which is 94. This is labeled as "Stable / sideways" with a "good" severity rating. Additionally, there is no severe erosion-risk flag for this ETF.
Pros
• Positive Returns: Both the one-year price return and total return have been positive.
• Stable Risk Profile: The erosion-risk score suggests the price trend has been relatively stable.
• Diversification: The fund holds a large number of assets (204 total holdings).
Cons
• Irregular Income: The distribution frequency is irregular, meaning investors cannot rely on a steady, predictable schedule of cash payments.
• Limited Income Rating: The fund has an income rating grade of "C."
Beginner takeaway
RCGE shows both price growth and cash distributions. When looking at its performance, the total return is higher than the price return, meaning the cash distributions added value to the overall investment over the last year. While it provides some income, the payments are not frequent. Investors should note that while the price has been stable according to the erosion-risk score, the data provided does not specifically confirm whether the underlying NAV has remained perfectly stable.
Top Holdings
Structured portfolio holdings supplied by the ETF data provider. These figures are not generated by the AI article.
| # | Holding | Ticker | Weight |
|---|---|---|---|
| 1 | OTHER ASSETS AND LIABILITIES | n/a | 1.14% |
| 2 | BANCO DO BRASIL SA BB BRASIL | n/a | 0.54% |
| 3 | GAMUDA BHD | n/a | 0.53% |
| 4 | ONENESS BIOTECH CO LTD | n/a | 0.53% |
| 5 | PHARMAESSENTIA CORP | n/a | 0.53% |
| 6 | STOCKLAND CORP LTD | n/a | 0.53% |
| 7 | ABERDEEN GROUP PLC | n/a | 0.52% |
| 8 | ACCENTURE PLC CLASS A | ACN | 0.52% |
| 9 | BAXTER INTERNATIONAL INC | BAX | 0.52% |
| 10 | ETSY INC | ETSY | 0.52% |