Level Four Large Cap Growth Active ETF
$47.16−0.27 (−0.56%)
History starts Aug 23, 2023.
- Expense ratio
- 0.50%
- Fund size
- $142M
- 1Y return
- +17.4%
- Yield · Last 12 months
- 0.32%
- Holdings
- 46
- Volume · 30D
- 0M sh
- NAV per share
- $47.25
- 52W range
The ETF.net LGRO Grade
Score 65 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.BScore 65Category rankMission
How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.Not scoredRisk
How violently it can move — volatility, drawdown depth, and downside capture versus its category.BScore 64Category rankTradability
How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.BScore 64Category rankHoldings
What it actually owns — the quality, breadth, and concentration of the underlying portfolio.AScore 76Category rankDurability
Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.BScore 64Category rank
Our read on LGRO
BA boutique manager's concentrated take on large-cap growth: roughly 50 quality-and-growth names, actively chosen against the Bloomberg US 1000 Growth Index, at a fee that sits just under the typical active peer.
LGRO seeks maximum total return and above-peer-average risk-adjusted returns.
Why people hold it
- Holds about 50 stocks, so each pick carries real weight instead of getting diluted across hundreds of names.alpsfunds.com
- Costs 0.50% a year, a shade under the 0.54% median for its active large-growth cohort. Concentrated active management without a premium price tag.
- The mandate is specific: US large caps screened for growth and quality, measured against the Bloomberg US 1000 Growth Index. No style drift buried in the fine print.alpsfunds.com
- Lands in the upper half of its active large-growth peer group, with the portfolio build one of its stronger features.
Worth knowing
- Thinly traded. Spreads can run wider than on the household-name growth funds, which matters most on larger orders.
- Index-anchored rivals cost far less: FELG at 0.18% and JUSA at 0.12%. The extra fee here buys human stock selection, not index tracking.
- Launched in 2023 with a modest asset base, so the record is short and the fund is still building scale.
LGRO Holdings
- Stocks
- 46
- 47%
- MSFT
Sectors
- Technology54.2%
- Consumer Discr.12.9%
- Communication9.5%
- Financials9.3%
- Health Care7.7%
- Industrials2.6%
- Energy2.5%
- Cons. Staples1.3%
Geography
- United States100.00%
LGRO Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
LGRO$11,737
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.
| Period | LGRO |
|---|---|
| Year to date | +16.0% |
| 1 month | +1.0% |
| 3 months | +11.7% |
| 1 year | +17.4% |
| 3 years | +25.2% |
| 5 years | — |
| 10 years | — |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | LGRO |
|---|---|---|
| 2026 YTD | +16.0% | |
| 2025 | +18.2% | |
| 2024 | +23.9% | |
| 2023 | +11.8% |
LGRO in the news
LGRO Dividends
- 0.32%
- $0.15
- $0.03 per share
- Quarterly
Distribution history
| Ex-date | Pay date | Amount per share |
|---|---|---|
| Sep 17, 2026 | Sep 22, 2026 | $0.03 |
| Jun 18, 2026 | Jun 24, 2026 | $0.04 |
| Mar 19, 2026 | Mar 24, 2026 | $0.03 |
| Dec 18, 2025 | Dec 23, 2025 | $0.05 |
| Sep 18, 2025 | Sep 23, 2025 | $0.04 |
| Jun 20, 2025 | Jun 25, 2025 | $0.02 |
| Mar 20, 2025 | Mar 25, 2025 | $0.02 |
| Dec 19, 2024 | Dec 26, 2024 | $0.03 |
| Sep 19, 2024 | Sep 24, 2024 | $0.03 |
| Jun 20, 2024 | Jun 25, 2024 | $0.03 |
| Mar 21, 2024 | Mar 26, 2024 | $0.04 |
| Dec 21, 2023 | Dec 27, 2023 | $0.07 |
LGRO Risk
- 17.0%
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.
- 1.03
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.
- −23.2%
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.
- 1.23
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
LGRO Cost
0.50%
LGRO0.50%
- The middle half of US Active Growth funds
- Median 0.56%
29 of the 89 US Active Growth funds charge less.