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Launched

SGI Enhanced Market Leaders ETF

LDRXNasdaqSummit Global InvestmentsC

$35.56−0.20 (−0.56%)

As of Nov 10, 2026, 11:16 AM ET

C50/ 100

Rank 62 of 125 in US Active Equity

C50/100Rank 62 of 125inUS Active Equity
Intraday session: down, 22 prints from 35.76 to 35.56. Range 35.45 to 35.78. Use the arrow keys to read each point.35.4535.5035.6035.6535.7010 AM12 PM2 PM4 PM
Expense ratio
0.59%
Fund size
$243M
1Y total return
+11.1%
Yield · Last 12 months
1.00%
Holdings
101
Avg volume · 30D
5.02K sh
52W range
low $29.65high $37.70
Launched

The ETF.net LDRX Grade

Based on 5 of 6 pillars

C

Score 50 out of 100

Category
US Active Equity⁠
Rank
62 of 125
Six-pillar profile for LDRX. Scores out of 100: Cost 57, Risk 52, Mission not scored, Tradability 35, Holdings 45, Durability 61. Strongest: Durability (61). Weakest: Tradability (35). Based on 5 of 6 pillars.

Score 50 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.
    B57 out of 100
    Rank 52 of 125

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    Not scored

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    C52 out of 100
    Rank 68 of 125

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    D35 out of 100
    Rank 93 of 125

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    C45 out of 100
    Rank 81 of 123

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    B61 out of 100
    Rank 53 of 125

Our read on LDRX

ETF.net Research

In short

CA 1976 swap fund reborn: the Chestnut Street Exchange Fund was reorganized into this active ETF in 2025. Large-cap "market leaders" plus an overlay that sells deep out-of-the-money puts and calls expiring in 1-7 days, for 0.59% a year.

Stated mandate

Seeks capital appreciation and current income. It actively manages a portfolio concentrated in large-capitalization companies and uses short-dated, deep-out-of-the-money put and call writing to generate additional income.

Why people hold it

  • 0.59% a year, gross and net, no waiver doing the work. That sits below the median fee for active US equity funds.
  • The overlay writes deep out-of-the-money puts and calls expiring in 1-7 days, collecting premium on contracts meant to expire worthless. Pays quarterly.sec.gov
  • Real pedigree: the 1976 Chestnut Street Exchange Fund, a California limited partnership, became this ETF in a 2025 reorganization structured as tax-free.sec.govsec.gov 2
  • The stock sleeve keeps at least 80% in Russell 1000 or S&P 500 names, screened on earnings quality, debt and valuation.sec.gov

Worth knowing

  • One of the more thinly traded funds in its peer group, which can show up as wider bid-ask spreads.
  • Short calls trim upside in a fast rally; short puts add exposure in a sharp drop. Deep strikes make that less likely, not impossible.sec.gov
  • The current strategy only began in May 2025, so the live record is short and earlier returns came from the predecessor's different approach.sec.gov

LDRX Performance

Launched May 5, 2025

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.Not enough history yet.Not enough history yet.
LDRX$11,111
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,339
Nov 7, 2025 to Nov 9, 2026. LDRX $11,111. SPY $11,339. Use the arrow keys to read each point.$10,000$11,000Nov 2025May 2026Nov 2026

Nov 7, 2025 – Nov 9, 2026

Returns run to the Nov 9, 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 LDRX. Periods over one year show the average yearly return.
PeriodLDRX
Year to date+9.1%
1 month−4.7%
3 months−3.2%
1 year+11.1%
3 yearsFund is under 3 years oldper yearNo data
5 yearsFund is under 5 years oldper yearNo data
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 LDRX
YearReturn barLDRX
2026 YTD+9.1%
2025+23.8%

Since listing, May 5, 2025

LDRX in the news

LDRX 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 Nov 9, 2026.
1.00%Last 12 months
Payout per share
$0.36Last 12 months
Last payment
$0.04 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Quarterly

Distribution history

2025–2026

One bar per payment. 6 payments from 2025 to 2026 YTD. Jun 26, 2025 $0.08; Sep 26, 2025 $0.08; Dec 23, 2025 $0.24; Mar 30, 2026 $0.04; Jun 29, 2026 $0.04; Sep 28, 2026 $0.04. Use the arrow keys to read each point.20252026YTD
Ex-datePay dateAmount per share
Sep 28, 2026Sep 29, 2026$0.04
Jun 29, 2026Jun 30, 2026$0.04
Mar 30, 2026Mar 31, 2026$0.04
Dec 23, 2025Dec 24, 2025$0.24
Sep 26, 2025Sep 29, 2025$0.08
Jun 26, 2025Jun 27, 2025$0.08

$10,000 in LDRX 1 year ago paid $108 in dividends.

LDRX Risk

Risk pillarC52 out of 100Rank 68 of 125 in US Active Equity
How much the fund’s monthly returns vary, scaled to a year.
14.0%
Annualised · 17 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.
1.17
vs 3-month T-bills · 17 months 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.
−10.6%
18 months · trough Mar 2026
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.
1.16
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.

LDRX Cost

Compare LDRX and TACU

Overpaying vs TACU, cheapest in US Active Equity

$11,635

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

  • LDRX 0.59%

    $11,635

  • TACU 0.00% Cheapest

    $0

$10,000
30 years

Cost over time

  • LDRX 0.59%
  • TACU 0.00%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$2.5K$5K$7.5K$10K$12.5K051015202530LDRX $11,635TACU $0

Year by year

YearLDRXTACUOverpaying
10$1,058$0$1,058
20$4,051$0$4,051
30$11,635$0$11,635

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