ETF Education Report: RJ EAGLE GCM DIVIDEND SELECT INCOME ETF (RJDI)

What this ETF is trying to do

The RJ EAGLE GCM DIVIDEND SELECT INCOME ETF (ticker: RJDI) is an exchange-traded fund listed on the NYSE. Based on its name and holdings, it focuses on selecting specific stocks to provide income. This ETF holds a total of 37 different investments.

What the numbers show

As of September 21, 2026, the current price of one share is $29.15.

When looking at how the fund has performed so far this year (Year-to-Date or YTD), it is important to look at two different numbers:

• YTD Price Return: This measures only the change in the share price. The price return for this ETF is approximately 15.24%.

• YTD Total Return: This measures the overall return, which includes both the share price change and any distributions paid out. The total return for this ETF is approximately 15.94%.

Because the total return is higher than the price return, it shows that distributions added to the overall value.

Income and distribution explanation

This ETF pays out cash to investors, which is called a distribution. The distribution yield is approximately 0.78%. This number describes the cash distributions relative to the current ETF price.

The fund has made 3 payments over the last 12 months. These payments are described as "irregular" or "less frequent," meaning they do not happen on a strict monthly or quarterly schedule. Most recent payments have occurred on Tuesdays.

NAV erosion explanation

"NAV erosion" refers to a situation where the value of the underlying assets in the fund decreases. While some investors worry about this, there is no severe erosion-risk flag for this ETF. The system currently lists the erosion score as "withheld" because there is not enough verified price history to provide a specific score.

Top Holdings

The following are the largest companies held by this ETF (note that this is a partial list):

• Broadcom Inc (7.29%)

• Analog Devices Inc (4.50%)

• JPMorgan Chase & Co (4.38%)

• Johnson Controls International PLC (3.98%)

• Apple Inc (3.90%)

• Welltower Inc (3.81%)

• Walmart Inc (3.72%)

• Corning Inc (3.70%)

• U.S. Bank Money Market Deposit Account (3.58%)

• Microsoft Corp (3.54%)

Please remember that holdings can change over time.

Pros

• The ETF has shown a positive YTD total return of approximately 15.94%.

• It holds a variety of well-known companies across different industries.

Cons

• The distribution frequency is irregular, meaning you cannot rely on a set schedule for cash payments.

• The distribution yield (0.78%) is relatively low compared to some other income-focused funds.

Beginner takeaway

When looking at an ETF like RJDI, it is helpful to distinguish between the price return (how much the share price moved) and the total return (the price move plus any cash paid out). While this fund provides some income, the payments are not on a regular schedule. Always remember that a distribution yield tells you about cash payments, but it does not tell you the whole story of how much an investment has grown or shrunk in total value.