TGLR
LAFFER TENGLER Equity Income ETF
TGLR is an actively managed, concentrated portfolio of US large-cap stocks considered to be high-quality, with above average dividend yield. Stocks are selected and weighted based on a proprietary fundamental research model.
US
EQUITY
Active
MANAGEMENT STYLE
15.6 M
ASSETS UNDER MGMT
95 bp
EXPENSES
Fund Basics
| Fund sponsor | |
| Category | US |
| Asset class | Equity |
| Website | link... |
| Inception date | Aug 07, 2023 |
| Assets (mns) | $16 |
| Expense ratio | 95 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
| BROADCOM INC. | 5.4 % |
| WAL-MART STORES INC | 5.0 % |
| AMERICAN EXPRESS CO | 4.8 % |
| ABBVIE INC | 4.8 % |
| JPMORGAN CHASE & CO | 4.7 % |
| ORACLE CORP | 4.6 % |
| RTX CORP | 4.6 % |
| MICROSOFT CORP | 4.6 % |
| MCDONALD'S CORP | 4.3 % |
| HOME DEPOT INC | 4.0 % |
Constituent Breakdown
| Number of holdings | 29 |
| Herfindahl-Hirschman Index | 381 |
| Wgt avg mkt cap (mns) | $0 |
| Large cap (>$10bn) | 97.8% |
| Mid cap ($2-10bn) | 0.0% |
| Small cap (<$2bn) | 0.0% |
| Developed mkts. | 101.1% |
| Emerging mkts. | 0.0% |
Country Exposure
 |
UNITED STATES | 92.9 % |
 |
CANADA | 3.3 % |
 |
NETHERLANDS | 2.6 % |
 |
IRELAND | 2.4 % |
Historical Performance
Standardized Performance (as of 06/30/2025)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 8.7% | 17.7% | -- | -- | -- | -- | -- | 15.8% |
| Dividend Yield | 0.0% | 0.4% | -- | -- | -- | -- | -- | 1.0% |
| Total Returns | 8.7% | 18.1% | -- | -- | -- | -- | -- | 16.8% | Ann. Volatility | 24.2% | 20.0% | -- | -- | -- | -- | -- | 16.3% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.01 | 93% |
| MSCI EAFE | 0.39 | 14% |
| MSCI Emg Mkts | 0.19 | 2% |
Liquidity Measures
| Avg. volume (000) | 4 |
| ADV traded (mns) | $0 |
| Turnover | 0.8% |
| Avg. Bid/Ask (% of price) | 0.26% |
Technical Indicators
| Recent close | $32.39 |
| 30d moving avg. | $30.88 |
| Annualized volatility | 13.9% |
| Relative strength (RSI) | 63 |
| Short interest | 0.0% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
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Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. |
Expenses vs. |
ALTAR Score™ vs. |
|---|---|---|---|---|
| SWP | SWP Growth & Income ETF | 36.4% | +4 bp | +4.2% |
| BBLU | EA Bridgeway Blue Chip ETF EA Bridgeway Blue Chip ETF | 34.1% | -80 bp | +5.9% |
| BGIG | Bahl & Gaynor Income Growth ETF | 33.7% | -50 bp | +5.3% |
| DIA | SPDR Dow Jones Industrial Average ETF Trust | 33.0% | -79 bp | +5.5% |
| EDOW | First Trust Dow 30 Equal Weight ETF | 32.6% | -45 bp | +5.4% |
| PFM | Invesco Dividend Achievers ETF | 31.6% | -42 bp | +5.3% |
| VIG | Vanguard Dividend Appreciation ETF | 31.6% | -90 bp | +5.6% |
| USMC | Principal U.S. Mega-Cap ETF | 31.2% | -83 bp | +4.5% |
| CGDV | Capital Group Dividend Value ETF | 30.2% | -62 bp | +4.7% |
| ZECP | Zacks Earnings Consistent Portfolio ETF | 29.1% | -40 bp | +4.8% |
Risk and Returns: 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 7/2/2025
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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™
TGLR
5.0%
Cat. Avg
5.7%
ALTAR Score™ Calculation
Category Overview
There are 963 funds in the US Equity category, with an average ALTAR Score™
of 5.7% and a standard deviation of
2.3%. TGLR's ALTAR Score™ is approximately
0.3 standard deviations
below
the category average. This places TGLR in the 37th percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
TGLRSELL
U/W
HOLD
O/W
BUY
Expense Analysis
| Peer Group | Active US Equity ETFs |
| # of ETFs | 308 |
| Avg. Expense Ratio | 67.1 bp |
| Std. Deviation | 37 bp |
| (95 bp) Percentile rank | 81 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| TGLR | 95.0 | 0.0 | 95 |
| Peer Avg. | -- | -- | -- |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .