SROI: Calamos Antetokounmpo Global Sustainable Equities ETF
ETF Education Report: Calamos Antetokounmpo Global Sustainable Equities ETF (SROI)
What this ETF is trying to do
The Calamos Antetokounmpo Global Sustainable Equities ETF (ticker: SROI) is an exchange-traded fund that focuses on global sustainable equities. This means it holds a collection of different stocks from companies around the world. Based on its top holdings, the fund includes large technology and semiconductor companies.
What the numbers show
When looking at an ETF, it is important to understand two different types of returns: price return and total return.
• Price Return: This measures only how much the share price has changed.
• Total Return: This includes both the change in share price and any cash distributions (dividends) paid out to investors.
For SROI, the numbers show growth over different time periods:
• Year-to-Date (YTD): The YTD price return is approximately 12.99%. In this case, the total return is also 12.99%.
• One Year: The one-year price return was approximately 12.66%. However, the one-year total return was higher at approximately 13.34%.
• Three Years: The three-year price return was approximately 57.56%, while the three-year total return was approximately 61.09%.
To give you an idea of price movement, the estimated price from roughly one year ago was $33.64. The current price is $37.90.
Income and distribution explanation
Some investors look for "income," which is cash paid out by the ETF. SROI has a distribution yield of approximately 0.53%. This number describes the cash distributions relative to the current ETF price. It is important to remember that a distribution yield is not the same as total return. Distributions are paid out irregularly, with one payout recorded in the last 12 months.
NAV erosion explanation
"NAV erosion" refers to a situation where the value of the underlying assets in the fund decreases significantly. StockValueFinder uses an "erosion-risk score" to help monitor this. For SROI, the erosion score is 100, and the label states "No price erosion detected." There is no severe erosion-risk flag for this ETF.
Top Holdings
The following are the top holdings in this fund (note that this is a partial list):
• Alphabet Inc Class A: 6.29%
• NVIDIA Corp: 4.37%
• Microsoft Corp: 3.85%
• Apple Inc: 3.81%
• TSM: 3.33%
• Amazon.com Inc: 2.82%
• SK Hynix Inc: 2.02%
• Broadcom Inc: 1.93%
• Applied Materials Inc: 1.74%
• Visa Inc Class A: 1.64%
*Holdings can change over time.*
Pros
• The fund has shown positive price returns and total returns over the one-year and three-year periods.
• The erosion-risk measurement is rated as "good."
Cons
• The distribution yield is relatively low at 0.53%.
• Distributions are described as irregular or less frequent.
Beginner takeaway
When studying SROI, notice that the total return is higher than the price return. This happens because total return accounts for both the rising share price and the cash distributions. Always remember that a high distribution yield does not guarantee an investment will grow, but in this specific case, the fund has shown price growth alongside its distributions.
Top Holdings
Structured portfolio holdings supplied by the ETF data provider. These figures are not generated by the AI article.
| # | Holding | Ticker | Weight |
|---|---|---|---|
| 1 | ALPHABET INC CLASS A | GOOGL | 6.29% |
| 2 | NVIDIA CORP | NVDA | 4.37% |
| 3 | MICROSOFT CORP | MSFT | 3.85% |
| 4 | APPLE INC | AAPL | 3.81% |
| 5 | n/a | TSM | 3.33% |
| 6 | AMAZON.COM INC | AMZN | 2.82% |
| 7 | SK HYNIX INC | n/a | 2.02% |
| 8 | BROADCOM INC | AVGO | 1.93% |
| 9 | APPLIED MATERIALS INC | AMAT | 1.74% |
| 10 | VISA INC CLASS A | V | 1.64% |