RNIN: BUSHIDO CAPITAL US SMID CAP EQUITY ETF
ETF Education Report: BUSHIDO CAPITAL US SMID CAP EQUITY ETF (RNIN)
What this ETF is trying to do
The BUSHIDO CAPITAL US SMID CAP EQUITY ETF (ticker: RNIN) is an exchange-traded fund that focuses on "small and mid-cap" companies in the United States. This means it invests in businesses that are generally smaller or medium-sized rather than giant corporations.
What the numbers show
The current price of one share is $36.80. Looking at the past year, we can see how the value has changed:
• Price Return: This measures only the change in the share price. The one-year price return was approximately 34.10%.
• Total Return: This includes both the share price change and any cash distributions paid out. The one-year total return was approximately 35.45%.
Because the total return is higher than the price return, it shows that distributions added to the overall value. For the year-to-date (YTD) period, the price return was approximately 33.21%, while the YTD total return was approximately 33.62%.
An estimated price from roughly one year ago was $27.44.
Income and distribution explanation
Some investors look for ETFs that pay out cash, known as distributions. This ETF has a distribution yield of approximately 0.78%. It usually pays these out quarterly, and it has made 4 payments over the last 12 months. It is important to remember that a distribution yield tells you how much cash was paid out relative to the price, but it is not the same thing as your total return.
NAV erosion explanation
"NAV erosion" is a term used to describe when the value of the underlying assets in a fund decreases significantly over time. StockValueFinder uses an "erosion-risk score" to help measure this risk. For RNIN, the erosion score is 100, and the label indicates "No price erosion detected." There is no severe erosion-risk flag for this ETF.
Top Holdings
The following are the top holdings in this portfolio. Please note that this is a partial list and holdings can change over time:
• RingCentral Inc Class A (2.44%)
• Inspire Medical Systems Inc (1.89%)
• Halozyme Therapeutics Inc (1.79%)
• Gigacloud Technology Inc Class A (1.74%)
• Abercrombie & Fitch Co Class A (1.73%)
• Par Pacific Holdings Inc (1.68%)
• Blackbaud Inc (1.67%)
• DocuSign Inc (1.65%)
• Workday Inc Class A (1.63%)
• Nutex Health Inc (1.61%)
Pros
• The ETF has shown positive price returns and total returns over the last year.
• The erosion-risk measurement is rated as "good."
Cons
• The distribution yield (0.78%) is relatively low compared to some other types of income-focused funds.
Beginner takeaway
When looking at an ETF like RNIN, it is helpful to distinguish between the price return (how much the share price went up) and the total return (the price change plus any cash you received). This ETF has seen growth in both areas over the past year. Always remember that high yields can sometimes be misleading, and it is important to look at the overall total return to see how an investment is performing.
Top Holdings
Structured portfolio holdings supplied by the ETF data provider. These figures are not generated by the AI article.
| # | Holding | Ticker | Weight |
|---|---|---|---|
| 1 | NETAPP INC | NTAP | 1.39% |
| 2 | CLEAR SECURE INC ORDINARY SHARES CLASS A | YOU | 1.37% |
| 3 | DHT HOLDINGS INC | DHT | 1.36% |
| 4 | FRESHWORKS INC ORDINARY SHARES CLASS A | FRSH | 1.36% |
| 5 | INTERNATIONAL SEAWAYS INC | INSW | 1.36% |
| 6 | GARTNER INC | IT | 1.35% |
| 7 | GLOBANT SA | GLOB | 1.34% |
| 8 | PAR PACIFIC HOLDINGS INC | PARR | 1.34% |
| 9 | GAP INC | GAP | 1.33% |
| 10 | NORDIC AMERICAN TANKERS LTD | NAT | 1.33% |