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The fund invests, under normal market conditions, at least 80% of its assets in U.S.-listed large capitalization equity securities. Equity securities generally include common stock. These securities may be listed on an exchange or traded over-the-counter. The fund may, at times, hold fewer securities and a higher percentage of cash and cash equivalents when, among other reasons, Fort Washington cannot find a sufficient number of securities that meet its purchase requirements. It is non-diversified.
Is LCF's expense ratio expensive, average, or a steal for its category?
Pro reveals the verdict on a 5-tier spectrum calibrated against ICI 2025 industry averages, with strategy-aware bands so the comparison is meaningful.
LCF is an actively managed high-conviction large-cap fund with a 0.56% net expense ratio and $47 million in assets under management. Its benchmark is the S&P 500 Index. The ETF only launched three years ago, but the fund's sub-advisor has implemented the strategy through its mutual funds and separately managed accounts since October 2013. My fundamental analysis reveals a portfolio with solid growth-at-a-reasonable-price features, though LCF's 58% active share with SPY should be higher.
The week before Labor Day is usually a slow one. This one likely won't be, though, with Nvidia set to report results after the close today.
One of the most valued attributes of ETFs is diversification. Rather than attempting to choose a couple of winning stocks, these equity funds own more securities.
THE Minister of Gender, Labour and Social Development (GLSD) Hon. Betty Amongi Ongom has counseled the embattled Prime Minister of the expunged Lango Cultural Foundation (LCF) to either run to the court of law or draw closer to the clan chiefs (owitong) as opposed to writing long empty letters to various government offices over the […] The post More Tears As Gender Minister Betty Amongi thrashes James Ajal’s deceitful letter over ongoing activities ahead of coronation of New Paramount Chief appe...
Touchstone Investments now has six actively managed ETFs. It seeks to bring its “distinctively active” mutual fund approach to meet advisors where they are focused.