What this ETF is trying to do

The Tremblant Global ETF (TOGA) is an exchange-traded fund that holds a variety of companies. Based on its Top Holdings, it invests in businesses like Reddit, Spotify, and Uber. This fund allows investors to own a small piece of many different companies through one single investment.

What the numbers show

As of October 2, 2026, the current price of one share is $29.21.

The fund has seen a share-price decline recently:

• Year-to-Date (YTD): The price return is -14.78%.

• One Year: The price return is -17.93%.

Because this ETF has no history of share splits, we can look at an estimated price from roughly one year ago, which was $35.59. To put this in perspective, if you had invested $10,000 in the share price one year ago, that investment would be worth approximately $8,207 today based on the one-year price return.

The total return for the year is also -17.93%. In this case, the price return and total return are the same because the fund did not pay out any extra cash to investors.

Income and distribution explanation

Some ETFs pay investors cash regularly, which is called a distribution. However, TOGA has a distribution yield of 0% and no distributions were detected over the last 12 months. This means it does not currently provide a cash income stream to its holders.

NAV erosion explanation

"NAV erosion" happens when the underlying value of a fund's assets drops over time. StockValueFinder uses an erosion-risk score to measure this.

TOGA has an erosion score of 55, which is labeled as "Moderate price erosion." While there is no "severe erosion-risk flag" for this fund, the moderate score suggests some price deterioration has occurred.

Top Holdings

The fund holds 33 different assets. As of October 4, 2026, the Top Holdings include:

• Reddit Inc: 5.4%

• Spotify Technology SA: 5.13%

• Varonis Systems Inc: 4.73%

• Match Group Inc: 4.68%

• Uber Technologies Inc: 4.57%

These holdings can change over time.

Pros

• Provides exposure to several well-known global companies.

• No complex structures like leverage or inverse strategies.

Cons

• The share price has declined over the last year.

• It does not provide any cash distributions for income.

• It has a moderate erosion-risk score.

Beginner takeaway

TOGA is a fund for those who want to own a mix of global stocks. It is important for new investors to remember that a high distribution yield is not the only way to measure a fund, but in this case, there is no yield at all. Investors should be aware that the share price has fallen over the past year and that the fund carries a moderate risk of price erosion.