ETF Education Report: THOR EQUAL WEIGHT LOW VOLATILITY ETF (THLV)

What this ETF is trying to do

The THOR EQUAL WEIGHT LOW VOLATILITY ETF (ticker: THLV) is an exchange-traded fund listed on the NYSE. While the specific investment strategy details are not provided, the name suggests it focuses on stocks that may have lower price swings (volatility) and uses an "equal weight" approach. This means it spreads its investments across different areas rather than putting all the money into just one or two large companies.

What the numbers show

When looking at how this ETF has performed, it is important to understand two different types of returns: price return (how much the share price changed) and total return (the price change plus any cash distributions received).

• Year-to-Date (YTD): The YTD price return is approximately 5.45%. For this specific period, the total return is also 5.45%.

• One-Year: The one-year price return was approximately 4.65%. However, the one-year total return was higher at approximately 6.50%.

• Three-Year: The three-year price return was approximately 29.89%, while the three-year total return was approximately 37.45%.

To give you an idea of the price movement, the current price is $31.50. The estimated price from roughly one year ago was approximately $30.10.

Income and distribution explanation

This ETF pays out cash to investors, known as distributions. The current distribution yield is approximately 1.68%. This means the cash paid out is about 1.68% of the ETF's share price. The trailing distributions were approximately $0.53 per share.

It is important to note that the distribution frequency is described as "irregular" or "less frequent," with one payout recorded in the last 12 months. Investors should remember that a distribution yield is not the same as total return, and receiving cash does not guarantee that the share price will stay the same.

NAV erosion explanation

"NAV erosion" refers to a decline in the Net Asset Value (the actual value of the assets held by the fund). While falling share prices can sometimes be a sign of erosion, they are not the same thing.

For THLV, the erosion-risk score is 94, which is labeled as "Stable / sideways." The erosion severity is rated as "good," and there is no severe erosion-risk flag present. This suggests the fund's price trends are currently considered stable by these specific risk measurements.

Top Holdings

The fund holds 11 total holdings. Here are the top holdings as of October 11, 2026:

• STATE STREET® ENERGY SELECT SECTOR SPDR® ETF: 17.27%

• STATE STREET® MATERIALS SELECT SECTOR SPDR® ETF: 14.97%

• STATE STREET® INDUSTRIAL SELECT SECTOR SPDR® ETF: 13.88%

• STATE STREET® CONSUMER STAPLES SELECT SECTOR SPDR® ETF: 13.58%

• STATE STREET® UTILITIES SELECT SECTOR SPDR® ETF: 13.21%

• STATE STREET® CONSUMER DISCRETIONARY SELECT SECTOR SPDR® ETF: 12.48%

• STATE STREET® HEALTHCARE SELECT SECTOR SPDR® ETF: 12.33%

• STATE STREET® SPDR® BILLS 1-3 MONTH ETF: 0.89%

• STATE STREET® TECHNOLOGY SELECT SECTOR SPDR® ETF: 0.44%

• STATE STREET® REAL ESTATE SELECT SECTOR SPDR® ETF: 0.34%

• STATE STREET® FINANCIAL SELECT SECTOR SPDR® ETF: 0.34%

*Note: Holdings can change over time.*

Pros

• The fund has shown positive total returns over the one-year and three-year periods.

• The erosion-risk measurements are currently rated as "good" and "stable."

Cons

• The distribution frequency is irregular, meaning you may not receive cash payments on a predictable schedule.

Beginner takeaway

When looking at THLV, notice the difference between price return and total return. The total return is higher because it includes the cash distributions paid to investors. Always look at both numbers to see the full picture of how an ETF has performed.