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LCR

GradeCNew York Stock Exchange Arca

Leuthold Core Exchange Traded Fund

Multi-Asset & Alternatives · Leuthold · Inception 2020-01-03

$40.34−0.21 (−0.51%)

As of Sep 23, 2026, 2:19 PM EDT

Intraday session: down, 55 prints from 40.54 to 40.34. Range 40.27 to 40.48. Use the arrow keys to read each point.$40.30$40.40$40.45$40.5010 AM12 PM2 PM4 PM
Expense ratio
0.83%
Fund size
$65M
1Y return
+8.2%
Yield · Last 12 months
1.29%
Holdings
35
Volume · 30D
0M sh
NAV per share
$40.27
52W range
low $36.63high $42.03

The ETF.net LCR Grade

C

47/ 100

Rank 24 of 38 in Multi-Asset Allocation⁠

Confidence High

Six-pillar profile for LCR. Scores out of 100: Cost 22, Risk 59, Mission 76, Tradability 31, Holdings 54, Durability 57. Strongest: Mission (76). Weakest: Cost (22). Leans toward Mission.
F< 25
D≥ 25
C≥ 40
B≥ 55
A≥ 70

Score 47 of 100 sits in the C band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.

  • Cost

    What you pay to own it — the expense ratio plus trading frictions, ranked within its category.
    FScore 22
    Category rank30/38 · bottom quartile

  • Mission

    How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.
    AScore 76
    Category rank14/30 · top 47%

  • Risk

    How violently it can move — volatility, drawdown depth, and downside capture versus its category.
    BScore 59
    Category rank12/36 · top 33%

  • Tradability

    How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.
    DScore 31
    Category rank27/38 · mid-pack

  • Holdings

    What it actually owns — the quality, breadth, and concentration of the underlying portfolio.
    CScore 54
    Category rank18/34 · mid-pack

  • Durability

    Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.
    BScore 57
    Category rank20/38 · mid-pack

Graded as of Sep 22, 2026

Our read on LCR

ETF.net Research

CA 60/40 with a mind of its own: LCR is a fund of other ETFs that reshuffles its stock/bond mix monthly on Leuthold's Major Trend Index, the same quant model behind the firm's flagship Core strategy.

Stated mandate

The Fund seeks capital appreciation and income, described as total return.

Why people hold it

  1. 01The allocation is a dial, not a setting: stocks and bonds each stay inside a 30% to 70% band, reset monthly by the model rather than by a calendar rebalance.businesswire.com
  2. 02It ports a Minneapolis research shop's house discipline into an ETF: the same rules-based quantitative process Leuthold runs on its long-standing Core mutual fund.businesswire.com
  3. 03One ticker, wide ground: underlying funds span US, foreign and emerging market stocks plus bonds, all pointed at a single total-return goal.

Worth knowing

  1. 01Active tactical work costs more: 0.84% a year, above the typical allocation fund, while index-based rivals like AOA (0.19%) and IRTR (0.08%) charge a fraction of it.
  2. 02Thinly traded. Limit orders matter here, and big tickets can push the price around.
  3. 03Income arrives on a slow clock: distributions come once or twice a year, not monthly.

LCR Holdings

As of Sep 20, 2026, 9:24 AM
Asset class
Other
Holdings
35
Top-10 weight
66%
Largest holding
SHY14.2%

Sectors

  • Technology31.6%
  • Health Care20.0%
  • Financials15.2%
  • Energy10.3%
  • Consumer Discr.5.9%
  • Materials5.8%
  • Industrials5.5%
  • Communication5.2%
  • Cons. Staples0.5%

Geography

  • United States100.00%
The fund’s holdings, weight-ordered — page 1 of 3.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001SHYiShares 1-3 Year Treasury Bond ETF14.24%114,725$9M7
002XLKState Street Technology Select Sector SPDR ETF14.18%48,988$9M33
003STIPiShares 0-5 Year TIPS Bond ETF9.22%60,365$6M6
004SPDNDirexion Daily S&P 500 Bear 1X ETF5.05%384,666$3M2
005LSTLeuthold Select Industries ETF4.68%64,415$3M1
006XLFState Street Financial Select Sector SPDR ETF4.58%53,861$3M25
007—US BANK MMDA - USBGFS 9 09/01/20374.35%2,848,104$3M20
008XLVState Street Health Care Select Sector SPDR ETF3.44%13,434$2M28
009IBBiShares Biotechnology ETF3.23%10,343$2M4
010XLEState Street Energy Select Sector SPDR ETF3.22%32,920$2M28
011GDXVanEck Gold Miners ETF/USA3.04%20,850$2M12
012XLCState Street Communication Services Select Sector SPDR ETF2.71%16,026$2M27
013IHFiShares U.S. Healthcare Providers ETF2.70%31,455$2M4
014RSPDInvesco S&P 500 Equal Weight Consumer Discretionary ETF2.55%31,863$2M1
015IAKiShares U.S. Insurance ETF2.51%11,510$2M1

Showing 1–15 of 34 holdings

LCR Performance

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

LCR$10,820
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,723
Sep 22, 2025 to Sep 22, 2026. LCR $10,820. SPY $11,723. Use the arrow keys to read each point.$9,353$10,646$11,940Sep 2025Mar 2026Sep 2026

Sep 22, 2025 – Sep 22, 2026

Returns run to the Sep 22, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.

Trailing total return for LCR. Periods over one year show the average yearly return.
PeriodLCR
Year to date+6.4%
1 month−0.6%
3 months+2.3%
1 year+8.2%
3 years+11.9%per year
5 years+7.2%per year
10 yearsFund is under 10 years old—per year

As of the close, with distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for LCR
YearReturn barLCR
2026 YTD+6.4%
2025+12.4%
2024+8.7%
2023+12.8%
2022−7.6%
2021+12.1%
2020+13.3%

History from Jan 6, 2020

LCR in the news

ETF.net Research hasn’t filed on LCR yet — coverage lands here as it’s written.

LCR Dividends

Adds up every distribution paid per share over the last 12 months, divided by the last completed close. Distributions are counted by ex-date. Data through Sep 22, 2026.
1.29%Last 12 months
Payout per share
$0.52Last 12 months
Last payment
$0.52 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Annual

Distribution history

2020–2026

One bar per payment. 6 payments from 2020 to 2026 YTD. Dec 17, 2020 $0.18; Dec 16, 2021 $0.07; Dec 15, 2022 $0.22; Dec 14, 2023 $0.51; Dec 12, 2024 $0.64; Dec 11, 2025 $0.52. Use the arrow keys to read each point.2020202120222023202420252026YTD
Ex-datePay dateAmount per share
Dec 11, 2025Dec 12, 2025$0.52
Dec 12, 2024Dec 16, 2024$0.64
Dec 14, 2023Dec 18, 2023$0.51
Dec 15, 2022Dec 20, 2022$0.22
Dec 16, 2021Dec 21, 2021$0.07
Dec 17, 2020Dec 22, 2020$0.18

LCR Risk

How much the fund’s monthly returns vary, scaled to a year.
7.9%
Annualised · 36 months to Aug 2026
How it’s calculated: standard deviation

The sample standard deviation of monthly total returns, multiplied by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.

Return above 3-month US Treasury bills per unit of volatility.
0.79
vs 3-month T-bills · to Aug 2026
How it’s calculated: Sharpe ratio

Subtract each month’s Treasury-bill return from the fund’s monthly total return.

Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.

The largest fall from a peak to the low that followed.
−13.4%
Trough Sep 2022
How it’s calculated: maximum drawdown

The largest percentage decline from an earlier peak, using total returns with reinvested distributions.

Uses up to five years through the last close, with at least 12 months required.

How strongly the fund’s returns move with its asset-class index.
0.77
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

LCR Cost

Expense ratio0.83%
  • The middle half of Multi-Asset Allocation funds
  • Median 0.58%

28 of the 37 Multi-Asset Allocation funds charge less.

LCR costs $83.00 a year on $10,000. The median Multi-Asset Allocation fund costs $58.00.