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Under normal market conditions, the fund invests primarily in securities of companies that use innovative technologies or ideas to gain advantage over competitors. The Advisor expects to invest principally in large capitalization equity securities that are traded on U.S. securities exchanges. The fund may invest up to 20% of its total assets in securities of foreign issuers, including issuers in emerging markets.
Is LCLG'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.
LCLG is comprised of 40-60 U.S. securities selected for their high earnings growth potential. It's an actively managed ETF with $80 million in assets under management and a 0.96% expense ratio. LCLG benchmarks against the Russell 1000 Growth Index, but my fundamental analysis reveals its growth prospects are actually weaker. Its components are also highly leveraged compared to its peers. We see the result of this when evaluating the performance of LCLG and its predecessor mutual fund. It's lagged its benchmark by 1.18% per year on average, with greater volatility.
Logan Capital, an independent, privately owned Registered Investment Advisor, has launched its first exchange-traded fund (ETF), the Logan Capital Broad Innovative Growth ETF (NYSE Arca: LCLG). The ETF employs a multi-factor ranking algorithm to analyze and select securities.