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Launched

Level Four Large Cap Growth Active ETF

LGRONasdaqALPS FundsB

$44.72−2.06 (−4.41%)

At close: Nov 5, 2026, 4:00 PM ET

B64/ 100

Rank 18 of 90 in US Active Growth

B64/100Rank 18 of 90inUS Active Growth
Intraday session: down, 79 prints from 46.79 to 44.72. Range 44.72 to 46.79. Use the arrow keys to read each point.45.0045.5046.0046.5010 AM12 PM2 PM4 PM
Expense ratio
0.50%
Fund size
$136M
1Y total return
+8.8%
Yield · Last 12 months
0.34%
Holdings
49
Avg volume · 30D
7.61K sh
52W range
low $35.71high $48.20
Launched

The ETF.net LGRO Grade

Based on 5 of 6 pillars

B

Score 64 out of 100

Category
US Active Growth⁠
Rank
18 of 90
Six-pillar profile for LGRO. Scores out of 100: Cost 62, Risk 68, Mission not scored, Tradability 64, Holdings 68, Durability 64. Strongest: Risk (68). Weakest: Cost (62). Based on 5 of 6 pillars.

Score 64 of 100 falls in the B 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.
    B62 out of 100
    Rank 30 of 90

  • 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.
    B68 out of 100
    Rank 20 of 85

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    B64 out of 100
    Rank 24 of 90

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    B68 out of 100
    Rank 29 of 90

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    B64 out of 100
    Rank 33 of 90

Our read on LGRO

ETF.net Research

In short

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.

Stated mandate

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

Holdings pillarB68 out of 100Rank 29 of 90 in US Active Growth
Asset class
Stocks
Holdings
49
Top-10 weight
46%
Largest holding
MSFT8.0%

Sectors

  • Technology53.4%
  • Consumer Discretionary11.9%
  • Financials10.0%
  • Communication9.0%
  • Health Care8.4%
  • Energy3.0%
  • Industrials2.8%
  • Consumer Staples1.4%

Geography

  • United States100.00%
The fund’s holdings, weight-ordered — page 1 of 4.
#TickerCompanyWeight %SharesMarket valueHeld by ETFs
1MSFTMicrosoft Corp.7.97%20,393$11.3M823
2AAPLApple Inc.7.32%29,759$10.4M725
3No dataCash Equivalent5.41%7,686,361$7.69M40
4AMZNAmazon.com Inc.4.75%25,377$6.75M737
5NVDANVIDIA Corp.3.81%27,052$5.41M849
6GOOGLAlphabet Inc.3.75%18,429$5.32M704
7PYPLPayPal Holdings Inc.3.68%86,950$5.23M383
8UNHUnitedHealth Group Inc.3.50%12,155$4.98M499
9TWLOTwilio Inc.3.19%21,257$4.54M335
10SNOWSnowflake Inc.2.85%13,941$4.05M333
11PSXPhillips 662.50%13,716$3.56M396
12METAMeta Platforms Inc.2.34%5,274$3.32M712
13CRMSalesforce Inc.2.33%14,589$3.31M474
14UBERUber Technologies Inc.2.24%45,631$3.19M423
15MAMastercard Inc.2.11%4,467$3M543

Showing 1–15 of 49 holdings

LGRO Performance

Launched Aug 22, 2023

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.
LGRO$10,879
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$10,934
Nov 5, 2025 to Nov 5, 2026. LGRO $10,879. SPY $10,934. Use the arrow keys to read each point.$9,000$10,000$11,000Nov 2025May 2026Nov 2026

Nov 5, 2025 – Nov 5, 2026

Returns run to the Nov 5, 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 LGRO. Periods over one year show the average yearly return.
PeriodLGRO
Year to date+9.4%
1 month−6.0%
3 months−3.6%
1 year+8.8%
3 yearsper year+22.7%
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 LGRO
YearReturn barLGRO
2026 YTD+9.4%
2025+18.2%
2024+23.9%
2023+11.8%

History from Aug 23, 2023

LGRO in the news

LGRO 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 5, 2026.
0.34%Last 12 months
Payout per share
$0.15Last 12 months
Last payment
$0.03 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Quarterly

Distribution history

2023–2026

One bar per payment. 12 payments from 2023 to 2026 YTD. Dec 21, 2023 $0.07; Mar 21, 2024 $0.04; Jun 20, 2024 $0.03; Sep 19, 2024 $0.03; Dec 19, 2024 $0.03; Mar 20, 2025 $0.02; Jun 20, 2025 $0.02; Sep 18, 2025 $0.04; Dec 18, 2025 $0.05; Mar 19, 2026 $0.03; Jun 18, 2026 $0.04; Sep 17, 2026 $0.03. Use the arrow keys to read each point.2023202420252026YTD
Ex-datePay dateAmount per share
Sep 17, 2026Sep 22, 2026$0.03
Jun 18, 2026Jun 24, 2026$0.04
Mar 19, 2026Mar 24, 2026$0.03
Dec 18, 2025Dec 23, 2025$0.05
Sep 18, 2025Sep 23, 2025$0.04
Jun 20, 2025Jun 25, 2025$0.02
Mar 20, 2025Mar 25, 2025$0.02
Dec 19, 2024Dec 26, 2024$0.03
Sep 19, 2024Sep 24, 2024$0.03
Jun 20, 2024Jun 25, 2024$0.03
Mar 21, 2024Mar 26, 2024$0.04
Dec 21, 2023Dec 27, 2023$0.07

$10,000 in LGRO 3 years ago paid $176 in dividends.

LGRO Risk

Risk pillarB68 out of 100Rank 20 of 85 in US Active Growth
How much the fund’s monthly returns vary, scaled to a year.
16.3%
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.
1.21
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.
−23.2%
38 months · trough Apr 2025
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.
1.24
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.

LGRO Cost

Compare LGRO and FELG

Overpaying vs FELG, tied cheapest in US Active Growth

$6,230

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

  • LGRO 0.50%

    $9,979

  • FELG 0.18% Tied cheapest

    $3,749

$10,000
30 years

Cost over time

  • LGRO 0.50%
  • FELG 0.18%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$2K$4K$6K$8K$10K051015202530LGRO $9,979FELG $3,749

Year by year

YearLGROFELGOverpaying
10$900$328$572
20$3,460$1,281$2,179
30$9,979$3,749$6,230

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