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Launched

Leuthold Core Exchange Traded Fund

LCRNYSE ArcaLeutholdC

$40.19−0.20 (−0.51%)

As of Nov 2, 2026, 3:59 PM ET

C52/ 100

Rank 21 of 37 in Multi-Asset Allocation

C52/100Rank 21 of 37inMulti-Asset Allocation
Intraday session: down, 79 prints from 40.39 to 40.19. Range 40.19 to 40.61. Use the arrow keys to read each point.40.3040.5040.6010 AM12 PM2 PM4 PM
Expense ratio
0.83%*
Fund size
$66M
1Y total return
+7.7%
Yield · Last 12 months
1.29%
Holdings
34
Avg volume · 30D
4.95K sh
52W range
low $36.63high $42.03
Launched

*After a fee waiver that ends Jan 17, 2027. Without it: 1.01%.

The ETF.net LCR Grade

C

Score 52 out of 100

Category
Multi-Asset Allocation⁠
Rank
21 of 37
Six-pillar profile for LCR. Scores out of 100: Cost 25, Risk 63, Mission 77, Tradability 55, Holdings 55, Durability 55. Strongest: Mission (77). Weakest: Cost (25). Leans toward Mission.

Score 52 of 100 falls in the C band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.

  • Cost

    The fund’s net expense ratio, ranked against its category.
    D25 out of 100
    Rank 28 of 37

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    A77 out of 100
    Rank 12 of 29

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    B63 out of 100
    Rank 9 of 35

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    B55 out of 100
    Rank 14 of 37

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    B55 out of 100
    Rank 17 of 33

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    B55 out of 100
    Rank 20 of 37

Our read on LCR

ETF.net Research

In short

CLeuthold has sold tactical asset allocation to institutions since the 1980s. LCR packs that discipline into an ETF of ETFs that slides between stocks, bonds and alternatives on a quantitative read.

Stated mandate

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

Why people hold it

  • Leuthold was among the first shops offering institutions tactical asset allocation in the 1980s, and LCR has run that discipline in an ETF wrapper since January 2020.leutholdgroup.com
  • One ticker, roughly 30 underlying funds: US, foreign and emerging-market stocks, bonds, commodities, volatility and managed futures share the same wrapper.leutholdgroup.com
  • Unconstrained by design: style-box and market-cap agnostic, with equity weight set by the adviser's Major Trend Index read on valuation, macro, sentiment and price action.leutholdgroup.comsec.gov

Worth knowing

  • Costs 0.83% net of a waiver through January 17, 2027 (1.01% gross), above the allocation-fund norm; index peers IRTR (0.08%) and UCBG (0.06%) cost far less.
  • Trades lightly next to the category's household names, which can show up as wider spreads on the screen.
  • Tactical means the mix moves with the models, so at any moment the portfolio can look nothing like a static 60/40.leutholdgroup.com

LCR Performance

Launched Jan 3, 2020

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

Not enough history yet.
LCR$10,768
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,199
Oct 31, 2025 to Oct 30, 2026. LCR $10,768. SPY $11,199. Use the arrow keys to read each point.$10,000$11,000Oct 2025Apr 2026Oct 2026

Oct 31, 2025 – Oct 30, 2026

Returns run to the Oct 30, 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+6.0%
1 month+0.8%
3 months+2.2%
1 year+7.7%
3 yearsper year+12.3%
5 yearsper year+6.5%
10 yearsFund is under 10 years oldper yearNo data

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+6.0%
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

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 Oct 30, 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

$10,000 in LCR 5 years ago paid $616 in dividends.

LCR Risk

Risk pillarB63 out of 100Rank 9 of 35 in Multi-Asset Allocation
How much the fund’s monthly returns vary, scaled to a year.
7.7%
Annualised · 36 months to Oct 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.
0.98
vs 3-month T-bills · to Oct 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.

FMP measures it over up to five years of monthly returns.

LCR Cost

Compare LCR and UCBG

Overpaying vs UCBG, cheapest in Multi-Asset Allocation

$14,589

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • LCR 0.83%

    $15,859

  • UCBG 0.06% Cheapest

    $1,270

$10,000
30 years

Cost over time

  • LCR 0.83%
  • UCBG 0.06%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K$20K051015202530LCR $15,859UCBG $1,270

Year by year

YearLCRUCBGOverpaying
10$1,474$110$1,364
20$5,581$432$5,149
30$15,859$1,270$14,589
How the 0.83% is worked out

Full fee 1.01%− waiver 0.18%= you pay 0.83%

The waiver ends Jan 17, 2027. After that the fee is 1.01% unless Leuthold renews it. Source: prospectus, Jan 2026.

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