Logan Capital Broad Innovative Growth ETF (LCLG)
ARCA ARCA Primary Summary
LCLG Chart
LCLG: 12 Years Of High Fees And Poor Returns For This Innovative Growth ETF
LCLG is comprised of 40-60 U.S. securities selected for their high earnings growth potential. It's an actively managed ETF with $80 million in assets under management and a 0.96% expense ratio. LCLG benchmarks against the Russell 1000 Growth Index, but my fundamental analysis reveals its growth prospects are actually weaker. Its components are also highly leveraged compared to its peers. We see the result of this when evaluating the performance of LCLG and its predecessor mutual fund. It's lagged its benchmark by 1.18% per year on average, with greater volatility.
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Logan Capital Broad Innovative Growth ETF Profile
| ARCA Exchange | US Country |
Overview
The fund is designed for investors looking to capitalize on innovations and technological advancements. It primarily targets securities of companies that leverage cutting-edge technologies or groundbreaking ideas to outperform their competitors. With a focus on investing mainly in large capitalization equity securities listed on U.S. securities exchanges, the fund offers an avenue for participation in the growth potential of leading technology-driven firms. While the fund is U.S.-centric, it maintains a flexible strategy that allows for up to 20% investment in foreign companies, including those situated in emerging markets. This diversification strategy aims to balance the portfolio by tapping into international markets, potentially rewarding investors with higher growth opportunities in dynamic and evolving sectors.
Products and Services
- Investment in Large Capitalization Equity Securities
The fund focuses on investing in large capitalization companies that are positioned to benefit from technological innovations. These companies are primarily based in the U.S. and are traded on recognized securities exchanges. Such investments are expected to offer stable returns over time, backed by the sustained growth of well-established firms.
- Investment in Securities of Innovative Companies
Targeting firms that utilize innovative technologies or ideas, the fund aims to invest in companies that have a competitive edge due to their forward-thinking approaches. This strategy is designed to capitalize on the growth potential of companies that are leading or disrupting their respective industries through innovation.
- Global Diversification
Up to 20% of the fund’s total assets may be allocated to securities of foreign issuers, including those from emerging markets. This global diversification approach allows investors to gain exposure to international markets, which may offer higher growth potential due to emerging technologies and new market entrants.
