1. What this ETF is trying to do

The SYMMETRY PANORAMIC SECTOR MOMENTUM ETF (ticker: SMOM) is an exchange-traded fund traded on the NASDAQ. Based on its name and holdings, this ETF focuses on different parts of the economy, known as sectors. It spreads its money across several large sector funds to gain exposure to various industries.

2. What the numbers show

The current price for one share of SMOM is $29.42. An estimated price from roughly one year ago was $25.75.

When looking at performance, it is important to know that "price return" and "total return" are different. Price return only tracks the change in the share price. Total return includes both the share price change and any cash distributions paid out.

• One-Year Performance: The one-year price return was 14.24%. The one-year total return was 14.42%.

• Year-to-Date (YTD) Performance: Both the YTD price return and the YTD total return are 13.98%.

To understand the price change, imagine you had $10,000 invested in this ETF one year ago based on the estimated starting price. After one year, your investment would be worth approximately $11,424 based on the share-price growth alone.

Top Holdings:

The ETF's portfolio includes these top holdings:

• STATE STREET® TECHSELSECTSPDR® ETF (34.00%)

• STATE STREET® ENGYSELSECTSPDR® ETF (28.91%)

• STATE STREET® HLTHCRSELSECTSPDR® ETF (11.24%)

• STATE STREET® INDSTRLSELSECTSPDR® ETF (10.16%)

• STATE STREET® FINSELSECTSPDR® ETF (5.21%)

• STATE STREET® MATSELSECTSPDR® ETF (5.17%)

• STATE STREET REAL ESTATE SEL SECTSPDRETF (5.07%)

3. Income and distribution explanation

This ETF has a distribution yield of 0.14%. This number describes the cash distributions relative to the ETF's price. The distributions are described as "irregular" or "less frequent," with only one payout recorded in the last 12 months. While distributions provide cash, they do not guarantee that your original investment will stay at the same value.

4. NAV erosion explanation

"NAV erosion" refers to a decline in the actual value of the assets held within the ETF. For SMOM, the erosion-risk score is 100, and the label states "No price erosion detected." The severity is listed as "good," and there is no severe erosion-risk flag.

5. Pros

• The ETF has shown positive price returns and total returns over the last year.

• It shows no signs of price erosion according to its risk score.

6. Cons

• The distribution yield is very low at 0.14%.

• Payouts are infrequent and irregular.

7. Beginner takeaway

SMOM is a sector-focused ETF that has seen share-price growth over the past year. It currently shows low erosion risk, but it does not provide much regular income through distributions.