Level Four Large Cap Growth Active ETF
$47.85−0.08 (−0.16%)
- 0.50%
- $148M
- +21.9%
- 0.32%
- 0M sh
- $47.93
- low $35.71high $48.18
The ETF.net LGRO Grade
B
Score 66 out of 100
- 16 of 90
Score 66 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.B65 out of 100Rank 28 of 90Mission
Whether the fund did what it promised, tested against its stated mandate.Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.B67 out of 100Rank 22 of 82Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.B64 out of 100Rank 23 of 90Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.A74 out of 100Rank 22 of 89Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.B64 out of 100Rank 34 of 90
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
- 49
- 47%
- MSFT
Sectors
- Technology55.8%
- Consumer Discretionary11.2%
- Communication10.1%
- Financials9.0%
- Health Care7.6%
- Energy2.6%
- Industrials2.4%
- Consumer Staples1.2%
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.
Not enough history yet.Not enough history yet.
LGRO$12,187
Returns run to the Oct 12, 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 | +17.2% |
| 1 month | +3.9% |
| 3 months | +8.6% |
| 1 year | +21.9% |
| 3 years | +25.5% |
| 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 | +17.2% | |
| 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
LGRO Risk
- 16.4%
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.
- 1.17
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 90 US Active Growth funds charge less.
Other funds in US Active Growth
- BAGRWAllspring LT Large Growth ETFExpense ratio 0.35%1 year return +14.1%
- BJGROJPMorgan Active Growth ETFExpense ratio 0.44%1 year return +6.6%
- BLRGEClearBridge Large Cap Growth Select ETFExpense ratio 0.48%1 year return +12.0%
- BDAKEA Series Trust - Dakota Active Equity ETFExpense ratio 0.43%1 year return +18.5%
- BVUSGVanguard Wellesley Income Fund - Vanguard Wellington U.S. Growth Active ETFExpense ratio 0.35%1 year return —