LGRO
Level Four Large Cap Growth Active ETF
LGRO is an actively managed portfolio of US large cap stocks. Holdings are managed based on quantitative analysis and fundamental research, selecting those companies perceived to have favorable growth potential within their market sector.
US
EQUITY
Active
MANAGEMENT STYLE
119.9 M
ASSETS UNDER MGMT
55 bp
EXPENSES
Fund Basics
| Fund sponsor | |
| Category | US |
| Asset class | Equity |
| Website | link... |
| Inception date | Aug 22, 2023 |
| Assets (mns) | $120 |
| Expense ratio | 55 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | |
| Taxation | 1099 |
| Stock selection | |
| Weighting | |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | No |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| APPLE INC | 7.2 % |
| AMAZON.COM INC | 6.4 % |
| ALPHABET INC. CLASS A | 6.0 % |
| MICROSOFT CORP | 5.6 % |
| NVIDIA CORP | 4.2 % |
| STATE STREET INSTITUTIONAL TREASURY PLUS | 3.2 % |
| UNITEDHEALTH GROUP INC | 3.1 % |
| UBER TECHNOLOGIES, INC. | 3.0 % |
| PAYPAL HOLDINGS INC | 2.9 % |
| RH | 2.7 % |
Constituent Breakdown
| Number of holdings | 48 |
| Herfindahl-Hirschman Index | 317 |
| Wgt avg mkt cap (mns) | $1,220,006 |
| Large cap (>$10bn) | 91.8% |
| Mid cap ($2-10bn) | 4.0% |
| Small cap (<$2bn) | 0.0% |
| Developed mkts. | 96.8% |
| Emerging mkts. | 0.0% |
Country Exposure
 |
UNITED STATES | 96.8 % |
Historical Performance
Standardized Performance (as of 10/31/2025)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 19.9% | 26.6% | 33.1% | -- | -- | -- | -- | 25.7% |
| Dividend Yield | 0.3% | 0.4% | 0.6% | -- | -- | -- | -- | 0.5% |
| Total Returns | 20.2% | 27.0% | 33.7% | -- | -- | -- | -- | 26.2% | Ann. Volatility | 25.3% | 24.1% | 20.4% | -- | -- | -- | -- | 20.0% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.20 | 87% |
| MSCI EAFE | 0.09 | 1% |
| MSCI Emg Mkts | -0.22 | 2% |
Liquidity Measures
| Avg. volume (000) | 3 |
| ADV traded (mns) | $0 |
| Turnover | 0.1% |
| Avg. Bid/Ask (% of price) | 0.13% |
Technical Indicators
| Recent close | $41.12 |
| 30d moving avg. | $40.84 |
| Annualized volatility | 14.6% |
| Relative strength (RSI) | 52 |
| Short interest | 0.1% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
Top Ten Comparable ETFs only shown here. For an extended list become an Individual or Professional subscriber. Start your FREE trial
Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. |
Expenses vs. |
ALTAR Score™ vs. |
|---|---|---|---|---|
| RND | First Trust Bloomberg R&D Leaders ETF | 47.6% | +5 bp | +3.3% |
| QGRW | WisdomTree U.S. Quality Growth Fund | 47.1% | -27 bp | +4.1% |
| PJFG | PGIM Jennison Focused Growth ETF | 46.2% | +20 bp | +2.6% |
| FELG | Fidelity Enhanced Large Cap Growth ETF | 45.3% | -37 bp | +4.6% |
| GGUS | Marketbeta Russell 1000 Growth Equity ETF | 44.0% | -43 bp | +4.5% |
| JCTR | JPMorgan Carbon Transition U.S. Equity ETF | 43.4% | -40 bp | +4.6% |
| QRFT | Qraft Ai-Enhanced U.S. Large Cap ETF | 42.7% | +20 bp | +4.0% |
| SCHG | Schwab U.S. Large-Cap Growth ETF | 42.6% | -51 bp | +3.8% |
| MGK | Vanguard Mega Cap Growth ETF | 42.6% | -48 bp | +4.2% |
| AGRW | Allspring LT Large Growth ETF | 42.6% | -20 bp | +3.5% |
Risk and Returns: LGRO vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | ||
|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Book value per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
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Valuation Metrics
| Fwd Est | 2024 | 2025 | 2026 | |
| Price-to-sales | --x | --x | --x | --x |
| Price-to-earnings | --x | --x | --x | --x |
| Price-to-cash flow | --x | --x | --x | --x |
| Price-to-growth | --x | --x | --x | --x |
| Price-to-book value | --x | --x | --x | --x |
| Yield | --% | --% | --x | --% |
Based on closing prices from 11/11/2025
Peer Group Comparison Sample data. Subscribe for access.
Price-to-Earnings
Price-to-Sales
Price-to-Book Value
Price-to-Cash Flow
Price-to-Growth
Dividend Yield
Historical Valuation Trends Sample data. Subscribe for access.
SHOWING:
Price-to-Earnings
Price-to-Earnings
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
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ETF Research Center Rating
UNDERWEIGHT
Below average appreciation potential. A rating of UNDERWEIGHT is assigned to ETFs with ALTAR Scores in the 2nd quintile (ranking higher than only 20%-40%) of their category. Typically, funds in this category consist of stocks trading at relatively expensive valuations and/or having below-average fundamentals.
ALTAR Score™
LGRO
4.0%
Cat. Avg
5.7%
ALTAR Score™ Calculation
Category Overview
There are 998 funds in the US Equity category, with an average ALTAR Score™
of 5.7% and a standard deviation of
2.4%. LGRO's ALTAR Score™ is approximately
0.7 standard deviations
below
the category average. This places LGRO in the 25th percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
LGROSELL
U/W
HOLD
O/W
BUY