What this ETF is trying to do

The STRATEGAS MACRO MOMENTUM ETF (ticker: SAMM) is an exchange-traded fund listed on the NYSE. While the specific investment strategy details are not provided, the fund holds a variety of different companies across various industries. Based on its top holdings, it includes exposure to sectors like biotechnology, transportation, energy, and technology.

What the numbers show

The data shows that SAMM has experienced significant share-price growth recently.

• Year-to-Date (YTD) Performance: The YTD price return is approximately 19.90%. For this period, the total return is also 19.90%.

• One-Year Performance: The one-year price return is approximately 22.63%. When including distributions, the one-year total return is higher, at approximately 23.88%.

• Price Comparison: The current price is $36.07. An estimated price from roughly one year ago was approximately $29.41.

It is important to note that "price return" only tracks the change in the share price, while "total return" includes both the price change and any distributions paid out.

Top Holdings

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

• MODERNA INC (6.07%)

• CSX CORP (4.12%)

• APA CORP (3.93%)

• OVINTIV INC (3.85%)

• ASML HOLDING NV ADR (3.74%)

• TECHNIPFMC PLC (3.52%)

• HF SINCLAIR CORP (3.27%)

• DELL TECHNOLOGIES INC (3.21%)

Income and distribution explanation

SAMM provides a distribution yield of approximately 0.86%. The trailing distributions are recorded at $0.3106.

The distribution frequency is described as "irregular" or "less frequent," with only one payout recorded in the last 12 months. Because the payouts do not happen on a regular schedule (like every month), investors should not rely on this for steady, predictable income.

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, looking at the price-based evidence, the fund shows an erosion score of 100, which is labeled as "No price erosion detected." The erosion severity is rated as "good," and there is no severe erosion-risk flag present.

Pros

• Strong Price Growth: The fund has shown positive price returns over the last year and year-to-date.

• Low Erosion Risk: Based on the supplied erosion score, there are no signs of price deterioration.

Cons

• Irregular Income: The distributions are infrequent and do not follow a regular schedule.

• Partial Data: The list of holdings provided is only a partial view of the total portfolio.

Beginner takeaway

SAMM has recently seen its share price increase significantly. While it does pay distributions, they are not frequent. When looking at this ETF, remember that the price return tells you how much the share price moved, while the total return shows the full picture including any cash paid out to investors.