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LGHT

GradeFChicago Board Options Exchange

Langar Global HealthTech ETF

Sectors · Langar · Inception 2024-01-09

$10.45+0.10 (+0.97%)

As of Sep 23, 2026, 1:54 PM EDT

History starts Jan 10, 2024.
Intraday session: up, 7 prints from 10.35 to 10.45. Range 10.32 to 10.45. Use the arrow keys to read each point.$10.35$10.4010 AM12 PM2 PM4 PM
Expense ratio
0.85%
Fund size
$2M
1Y return
+1.4%
Yield · Last 12 months
Holdings
30
Volume · 30D
0M sh
NAV per share
$10.21
52W range
low $7.94high $11.01

The ETF.net LGHT Grade

F

11/ 100

Rank 24 of 25 in Health Care (Broad)

Confidence Medium

Six-pillar profile for LGHT. Scores out of 100: Cost 4, Risk 16, Mission not scored, Tradability 4, Holdings 30, Durability 23. Strongest: Holdings (30). Weakest: Tradability (4). Based on 5 of 6 pillars.
F< 25
D≥ 25
C≥ 40
B≥ 55
A≥ 70

Score 11 of 100 sits in the F band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E. A structural cap ceilings this fund at 40, so B and A are out of reach.

Ceiling 40 · B and A out of reach

The pillars earned11This cap took0Published score11 Grade F
  • Cost

    What you pay to own it — the expense ratio plus trading frictions, ranked within its category.
    FScore 4
    Category rank24/25 · bottom quartile
  • Mission

    How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.
    Not scored
  • Risk

    How violently it can move — volatility, drawdown depth, and downside capture versus its category.
    FScore 16
    Category rank22/24 · bottom quartile
  • Tradability

    How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.
    FScore 4
    Category rank24/25 · bottom quartile
  • Holdings

    What it actually owns — the quality, breadth, and concentration of the underlying portfolio.
    DScore 30
    Category rank24/25 · bottom quartile
  • Durability

    Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.
    FScore 23
    Category rank23/25 · bottom quartile

Graded as of Sep 22, 2026 · Based on 5 of 6 pillars

Our read on LGHT

ETF.net Research

FA concentrated bet on the machines and software behind modern medicine: actively managed, global in reach, and pointed at healthcare technology rather than the pharma-heavy sector index everyone else owns.

Stated mandate

The Fund seeks long-term growth of capital. It is actively managed and invests at least 80% of assets in exchange-listed healthcare-technology equities and ADRs, principally in the United States and certain developed countries.

Why people hold it

  1. 01Narrow by design: at least 80% of assets sit in exchange-listed healthcare-technology stocks and ADRs, not the whole drugmakers-and-insurers sector.
  2. 02Casts wider than the typical health-care sector fund: US plus developed international names, reachable directly or through ADRs.
  3. 03Actively managed toward long-term growth of capital, so the manager can rotate holdings as the field shifts instead of waiting on an index reconstitution.

Worth knowing

  1. 01Charges 0.85% a year, a multiple of what the broad health-care index heavyweights in its peer group (VHT, XLV, FHLC) charge.
  2. 02Small and thinly traded, so bid-ask spreads and order size carry more weight here than in a mega-fund.
  3. 03A 2024 launch built for capital growth, not income: short operating history and no record of regular distributions.

LGHT Holdings

As of Sep 20, 2026, 10:14 AM
Asset class
Stocks
Holdings
30
Top-10 weight
76%
Largest holding
MRNA15.5%

Sectors

  • Health Care100.0%

Geography

  • United States85.37%
  • Germany5.62%
  • Netherlands4.78%
  • Switzerland3.92%
  • Ireland0.31%
The fund’s holdings, weight-ordered — page 1 of 3.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001MRNAMODERNA INC15.52%2,308$356K240
002VEEVVEEVA SYSTEMS INC9.05%797$207K314
003RMDRESMED INC9.05%921$207K317
004IQVIQVIA HOLDINGS INC8.58%738$197K290
005ISRGINTUITIVE SURGICAL INC8.43%491$193K406
006GEHCGE HEALTHCARE TECHNOLOGIES INC6.25%2,232$143K303
007DXCMDEXCOM INC5.96%1,528$137K365
008PHGPHILIPS ELECTRONICS-NY SHR4.71%4,369$108K16
009SMMNYSIEMENS HEALTHINEE-UNSP ADR4.63%4,888$106K3
010SONVYSONOVA HOLDING-UNSPON ADR3.86%1,565$88K2
011PODDINSULET CORP3.51%571$80K220
012ZBHZIMMER BIOMET HOLDINGS INC3.13%753$72K251
013ALGNALIGN TECHNOLOGY INC2.98%463$68K225
014IRTCIRHYTHM TECHNOLOGIES INC2.74%575$63K80
015DOCSDOXIMITY INC-CLASS A2.55%2,237$58K132

Showing 1–15 of 31 holdings

LGHT Performance

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

LGHT$10,138
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. LGHT $10,138. SPY $11,723. Use the arrow keys to read each point.$7,527$9,801$12,075Sep 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 LGHT. Periods over one year show the average yearly return.
PeriodLGHT
Year to date+3.3%
1 month+0.6%
3 months+28.0%
1 year+1.4%
3 yearsFund is under 3 years oldper year
5 yearsFund is under 5 years oldper year
10 yearsFund is under 10 years oldper 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 LGHT
YearReturn barLGHT
2026 YTD+3.3%
2025−1.6%
2024−0.2%

History from Jan 10, 2024

LGHT in the news

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

LGHT Dividends

This fund pays no distributions.
Last 12 months
Payout per share
Last 12 months

No distributions in the last 12 months.

LGHT Risk

How much the fund’s monthly returns vary, scaled to a year.
18.0%
Annualised · 31 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.
−0.10
vs 3-month T-bills · 31 months 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.
−28.6%
32 months · trough May 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.
0.63
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.

LGHT Cost

Expense ratio0.85%
  • The middle half of Health Care (Broad) funds
  • Median 0.50%

23 of the 25 Health Care (Broad) funds charge less.

LGHT costs $85.00 a year on $10,000. The median Health Care (Broad) fund costs $50.00.