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LGH

GradeBNew York Stock Exchange Arca

HCM Defender 500 Index ETF

Multi-Asset & Alternatives · HCM · Inception 2019-10-09 · SEC filings

$66.43−0.70 (−1.04%)

As of Sep 23, 2026, 2:20 PM EDT

Intraday session: down, 58 prints from 67.13 to 66.43. Range 66.22 to 67.13. Use the arrow keys to read each point.$66.80$67.2010 AM12 PM2 PM4 PM
Expense ratio
1.00%
Fund size
$591M
1Y return
+11.1%
Yield · Last 12 months
0.35%
Volume · 30D
0M sh
NAV per share
$65.67
52W range
low $56.12high $67.59

The ETF.net LGH Grade

B

63/ 100

Rank 15 of 46 in Tactical Allocation⁠

Confidence High

Six-pillar profile for LGH. Scores out of 100: Cost 39, Risk 33, Mission 74, Tradability 100, Holdings 84, Durability 90. Strongest: Tradability (100). Weakest: Risk (33). Leans toward Tradability.
F< 25
D≥ 25
C≥ 40
B≥ 55
A≥ 70

Score 63 of 100 sits in the B 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.
    DScore 39
    Category rank29/46 · mid-pack

  • Mission

    How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.
    AScore 74
    Category rank11/26 · top 42%

  • Risk

    How violently it can move — volatility, drawdown depth, and downside capture versus its category.
    DScore 33
    Category rank38/46 · bottom quartile

  • Tradability

    How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.
    AScore 100
    Category rank1/46 · top 2%

  • Holdings

    What it actually owns — the quality, breadth, and concentration of the underlying portfolio.
    AScore 84
    Category rank4/42 · top 10%

  • Durability

    Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.
    AScore 90
    Category rank1/46 · top 2%

Graded as of Sep 22, 2026

Our read on LGH

ETF.net Research

BA large-cap U.S. stock fund with an escape hatch built in. The HCM Defender 500 Index can step equity exposure down to 70/30, 40/60, or all cash as conditions change, by rule rather than by a manager's hunch.

Stated mandate

The Fund seeks to track the HCM Defender 500 Index before fees and expenses. Its index generally uses large-capitalization U.S. equities but can reduce exposure through 70/30, 40/60, or all-cash positions as market conditions change.

Why people hold it

  1. 01The defense is written into the index, not improvised: preset steps to 70/30, 40/60, or fully cash replace a discretionary risk call.
  2. 02The engine is plain large-cap U.S. equity. The risk switch sits on top of familiar holdings instead of a derivatives sleeve you need a glossary to read.
  3. 03Trading since 2019, so the rules have met real market stress, and it has grown into a fund with several hundred million dollars behind it.
  4. 04Sticks closely to the index it advertises and sits in the upper half of its tactical-allocation peer group on our review.

Worth knowing

  1. 01At 1.06% a year it runs above the typical fund in its tactical group. ENDW (0.22%) and ONOF (0.39%) pursue risk-switching mandates for considerably less.
  2. 02Shares change hands lightly, so bid-ask spreads can be wider than the fund's asset size suggests.
  3. 03By design it can hold far less stock than the market when the index de-risks, and cash flows out annually or semiannually rather than monthly.

LGH Holdings

As of Sep 20, 2026, 8:46 AM
Asset class
Stocks
Holdings
—
Top-10 weight
53%
Largest holding
SPXL19.4%

Geography

  • United States98.40%
  • Ireland0.84%
  • United Kingdom0.30%
  • Switzerland0.20%
  • Singapore0.16%
  • Bermuda0.04%
  • Australia0.03%
  • Netherlands0.03%
The fund’s holdings, weight-ordered — page 1 of 28.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001SPXLHCM Defender 500 Index ETF19.45%408,543$115M2
002NVDAHCM Defender 500 Index ETF7.26%193,085$43M828
003AAPLHCM Defender 500 Index ETF6.99%122,842$41M707
004MSFTHCM Defender 500 Index ETF5.00%59,904$30M792
005AMZNHCM Defender 500 Index ETF3.43%79,918$20M720
006GOOGLHCM Defender 500 Index ETF2.73%46,125$16M704
007GOOGHCM Defender 500 Index ETF2.33%40,055$14M471
008AVGOHCM Defender 500 Index ETF2.28%37,630$13M732
009METAHCM Defender 500 Index ETF1.93%17,106$11M683
010MUHCM Defender 500 Index ETF1.51%8,806$9M655
011TSLAHCM Defender 500 Index ETF1.39%22,573$8M509
012LLYHCM Defender 500 Index ETF1.33%6,839$8M569
013JPMHCM Defender 500 Index ETF1.29%21,854$8M478
014AMDHCM Defender 500 Index ETF1.07%11,332$6M618
015XOMHCM Defender 500 Index ETF0.97%34,911$6M501

Showing 1–15 of 418 holdings

LGH Performance

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

LGH$11,111
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. LGH $11,111. SPY $11,723. Use the arrow keys to read each point.$9,126$10,542$11,957Sep 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 LGH. Periods over one year show the average yearly return.
PeriodLGH
Year to date+8.2%
1 month+1.8%
3 months+5.4%
1 year+11.1%
3 years+21.7%per year
5 years+10.7%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 LGH
YearReturn barLGH
2026 YTD+8.2%
2025+19.5%
2024+27.0%
2023+24.2%
2022−27.4%
2021+39.9%
2020+18.5%

LGH in the news

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

LGH 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.
0.35%Last 12 months
Payout per share
$0.24Last 12 months
Last payment
$0.24 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Annual

Distribution history

2019–2026

One bar per payment. 8 payments from 2019 to 2026 YTD. Dec 13, 2019 $0.05; Dec 14, 2020 $0.08; Dec 15, 2021 $0.06; Dec 29, 2021 $0.0037; Dec 15, 2022 $0.20; Dec 15, 2023 $0.26; Dec 16, 2024 $0.21; Dec 16, 2025 $0.24. Use the arrow keys to read each point.20192020202120222023202420252026YTD
Ex-datePay dateAmount per share
Dec 16, 2025Dec 22, 2025$0.24
Dec 16, 2024Dec 23, 2024$0.21
Dec 15, 2023Dec 26, 2023$0.26
Dec 15, 2022Dec 21, 2022$0.20
Dec 29, 2021Jan 4, 2022$0.0037
Dec 15, 2021Dec 21, 2021$0.06
Dec 14, 2020Dec 21, 2020$0.08
Dec 13, 2019Dec 23, 2019$0.05

LGH Risk

How much the fund’s monthly returns vary, scaled to a year.
15.9%
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.
0.87
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.
−29.4%
Trough Oct 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.
1.17
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.

LGH Cost

Expense ratio1.00%
  • The middle half of Tactical Allocation funds
  • Median 0.91%

27 of the 46 Tactical Allocation funds charge less.

LGH costs $100.00 a year on $10,000. The median Tactical Allocation fund costs $90.50.