LDRX vs TACU

LDRXCSGI Enhanced Market Leaders ETF

TACUAT. Rowe Price Active Core U.S. Equity ETF

In short

LDRX A 1976 swap fund reborn: the Chestnut Street Exchange Fund was reorganized into this active ETF in 2025. Large-cap "market leaders" plus an overlay that sells deep out-of-the-money puts and calls expiring in 1-7 days, for 0.59% a year.

TACU T. Rowe Price's quant-plus-fundamental take on core large-cap U.S. stock, benchmarked to the Russell 1000. Gross fee 0.14%, fully waived to zero through January 30, 2027.

Stated mandate

LDRX Seeks capital appreciation and current income. It actively manages a portfolio concentrated in large-capitalization companies and uses short-dated, deep-out-of-the-money put and call writing to generate additional income.

TACU The fund seeks long-term capital growth through a primarily U.S. equity portfolio. It combines quantitative models with fundamental, bottom-up analysis and seeks excess returns relative to the Russell 1000 Index.

Why people hold it

• LDRX 0.59% a year, gross and net, no waiver doing the work. That sits below the median fee for active US equity funds.
• The overlay writes deep out-of-the-money puts and calls expiring in 1-7 days, collecting premium on contracts meant to expire worthless. Pays quarterly.sec.gov
• Real pedigree: the 1976 Chestnut Street Exchange Fund, a California limited partnership, became this ETF in a 2025 reorganization structured as tax-free.sec.govsec.gov 2
• The stock sleeve keeps at least 80% in Russell 1000 or S&P 500 names, screened on earnings quality, debt and valuation.sec.gov

• TACU Fee fully waived: 0.14% gross, zero net through January 30, 2027. That sits below every top-scoring peer in the category, including DFAU at 0.12% with no waiver.troweprice.com
• Quant models feed bottom-up stock picking with tilts to profitability, quality and value, chasing excess return over the Russell 1000 while holding tracking error tight.troweprice.com
• Several hundred large-cap names, so no single position runs the show. One of the stronger profiles in a crowded active U.S. equity field.troweprice.com

Worth knowing

• LDRX One of the more thinly traded funds in its peer group, which can show up as wider bid-ask spreads.
• Short calls trim upside in a fast rally; short puts add exposure in a sharp drop. Deep strikes make that less likely, not impossible.sec.gov
• The current strategy only began in May 2025, so the live record is short and earlier returns came from the predecessor's different approach.sec.gov

• TACU Launched in December 2025, so the live record is short and the risk read rests on limited history.
• Still a small fund that trades lightly, which can mean wider spreads than the category's giants.
• Distributions are annual at most, with no declared income target. This is a growth mandate, not a cash-flow one.

Full LDRX profile⁠

Full TACU profile⁠