ETF Education Report: CLOCKWISE U.S. CORE EQUITY ETF (TIME)

What this ETF is trying to do

The CLOCKWISE U.S. CORE EQUITY ETF (ticker: TIME) is an exchange-traded fund that holds a variety of different companies. Based on its top holdings, it includes large technology companies like Apple, NVIDIA, and Microsoft. This ETF is designed to provide exposure to a mix of stocks within the U.S. market.

What the numbers show

The current price of one share is $28.08. To understand how the price has moved, we can look at the "price return," which only tracks the change in the share price.

• Year-to-Date (YTD) Price Return: The share price has increased by approximately 13.42% since the start of the year.

• One-Year Price Return: The share price has increased by approximately 13.08% over the last year.

When we look at "total return," we include both the price changes and any cash distributions paid out.

• YTD Total Return: Approximately 13.42%.

• One-Year Total Return: Approximately 13.93%.

For comparison, an estimated price from roughly one year ago was $24.83. If you had invested $10,000 based only on the share price movement, your investment would have grown to approximately $11,308 over the last year.

Income and distribution explanation

Some investors look for ETFs that pay out cash, known as distributions. This ETF has a distribution yield of approximately 0.66%. The data shows that distributions are "irregular," meaning they do not happen on a set schedule. In the last 12 months, there was one payout. It is important to remember that a distribution yield tells you how much cash was paid out relative to the price, but it is not the same thing as your total return.

NAV erosion explanation

"NAV erosion" is a term used to describe when the value of the underlying assets in an ETF decreases significantly over time. StockValueFinder uses an "erosion-risk score" to help monitor this. For this ETF, the erosion score is 100, and the label indicates "No price erosion detected." There is no severe erosion-risk flag for this fund.

Top Holdings

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

• Apple Inc (9.89%)

• NVIDIA Corp (8.60%)

• Microsoft Corp (6.05%)

• Alphabet Inc Class A (4.91%)

• Amazon.com Inc (3.74%)

• Intel Corp (3.65%)

• First American Government Obligs X (3.20%)

• ProShares UltraPro Short QQQ (2.82%)

• Broadcom Inc (2.69%)

• Space Exploration Technologies Corp Class A (2.60%)

Pros

• The ETF has shown positive price returns over the last year and year-to-date.

• The erosion-risk measurement is rated as "good."

Cons

• The distribution frequency is irregular, which may not suit investors looking for steady, predictable income.

Beginner takeaway

This ETF has experienced growth in its share price over the past year. While it does pay distributions, the yield is relatively low, and the payments do not happen on a regular schedule. Always remember that looking at price returns and total returns separately helps you see the full picture of how an investment is performing.