TIIV: AAM TODD INTERNATIONAL INTRINSIC VALUE ETF
ETF Education Report: AAM TODD INTERNATIONAL INTRINSIC VALUE ETF (TIIV)
What this ETF is trying to do
The AAM Todd International Intrinsic Value ETF (TIIV) is an exchange-traded fund that focuses on international investments. While the specific strategy isn't detailed in the data, it holds a variety of companies from around the world. This list includes companies like TSM (3.08%), First American Government Obligs X (2.84%), and Teva Pharmaceutical Industries Ltd (2.38%). Because the holdings list is partial, these are only the top companies in the fund, not all 69 of them.
What the numbers show
When looking at how an ETF performs, it is important to understand two different types of returns: price return and total return.
• Price Return: This measures only the change in the share price. For TIIV, the year-to-date (YTD) price return is approximately 12.63%, and the one-year price return is approximately 14.16%.
• Total Return: This includes the share price change plus any cash distributions (dividends) paid out. The YTD total return is approximately 13.87%, and the one-year total return is approximately 18.10%.
The current price of the ETF is $30.37. Based on an estimated price from roughly one year ago of approximately $26.60, the share price has increased over the last 12 months.
Income and distribution explanation
Some investors look for ETFs that pay out cash, known as distributions. TIIV has a distribution yield of approximately 3.13%. This means the cash paid out is about 3.13% of the ETF's price. The trailing distributions were approximately $0.95 per share.
It is important to note that the distribution frequency for this ETF is "irregular" or "less frequent," with two payouts recorded in the last 12 months. While distributions provide cash, they are not the same as total return.
NAV erosion explanation
"NAV erosion" refers to a situation where the value of the underlying assets in the fund decreases significantly. Investors often watch for this because if the principal (the original money put in) shrinks, it can be harder to grow wealth.
For TIIV, the erosion-risk score is 100, and the label states "No price erosion detected." The erosion severity is rated as "good," and there is no severe erosion-risk flag present.
Pros
• The ETF has shown positive price returns and total returns over the last year.
• The erosion-risk measurements suggest no current detection of price erosion.
Cons
• The distribution frequency is irregular, meaning payments may not happen on a predictable schedule.
• Total return data for the three-year period was not supplied.
Beginner takeaway
When studying TIIV, remember that the total return (which includes dividends) is higher than the price return. This shows that distributions added value to the overall performance. Always distinguish between the share price and the cash income you receive.
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*Disclaimer: This report is for educational purposes only. It does not provide financial advice and does not recommend buying, selling, or holding this ETF.*
Top Holdings
Structured portfolio holdings supplied by the ETF data provider. These figures are not generated by the AI article.
| # | Holding | Ticker | Weight |
|---|---|---|---|
| 1 | n/a | TSM | 3.08% |
| 2 | FIRST AMERICAN GOVERNMENT OBLIGS X | FGXXX | 2.84% |
| 3 | TEVA PHARMACEUTICAL INDUSTRIES LTD | n/a | 2.38% |
| 4 | MITSUBISHI UFJ FINANCIAL GROUP INC ADR | MUFG | 2.36% |
| 5 | PRYSMIAN SPA ADR | PRYMY | 2.28% |
| 6 | REPSOL SA ADR | REPYY | 2.28% |
| 7 | AERCAP HOLDINGS NV | AER | 2.16% |
| 8 | LENOVO GROUP LTD ADR | LNVGY | 2.15% |
| 9 | ORIX CORP ADR | IX | 2.07% |
| 10 | ITAU UNIBANCO HOLDING SA ADR | ITUB | 2.04% |