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Trending ETFs

Name

As of 06/01/2026

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

Leuthold Core ETF

LCR | Active ETF

$39.70

$69.8 M

0.00%

1.01%

Vitals

YTD Return

4.2%

1 yr return

14.3%

3 Yr Avg Return

11.4%

5 Yr Avg Return

6.8%

Net Assets

$69.8 M

Holdings in Top 10

72.2%

52 WEEK LOW AND HIGH

$39.6
$35.24
$39.70

Expenses

OPERATING FEES

Expense Ratio 1.01%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 70.83%

Redemption Fee N/A


Min Investment

Standard (Taxable)

N/A

IRA

N/A


Fund Classification

Fund Type

Exchange Traded Fund


Name

As of 06/01/2026

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

Leuthold Core ETF

LCR | Active ETF

$39.70

$69.8 M

0.00%

1.01%

LCR - Profile

Distributions

  • YTD Total Return 4.2%
  • 3 Yr Annualized Total Return 11.4%
  • 5 Yr Annualized Total Return 6.8%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 0.19%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Leuthold Core ETF
  • Fund Family Name
    Leuthold
  • Inception Date
    Jan 06, 2020
  • Shares Outstanding
    800000
  • Share Class
    N/A
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Chun Wang

Fund Description

The Fund is an actively-managed “exchange-traded fund of funds” and seeks to achieve its objective by investing primarily in other registered investment companies, including primarily in unaffiliated actively-managed exchange-traded funds (“ETFs”) and index-based ETFs (collectively, “Unaffiliated Underlying Funds”), that provide exposure to a broad range of asset classes. The Fund may also invest in affiliated actively managed ETFs (“Affiliated Underlying Funds,” and together with Unaffiliated Underlying Funds, the “Underlying Funds”), including the Leuthold Select Industries ETF. The Fund will not invest more than 25% in any Underlying Fund. The Underlying Funds may invest to obtain long or short exposure to equity securities of U.S. or foreign companies; debt obligations of U.S. or foreign companies or governments; or investments such as commodities, volatility indexes and managed futures. The Fund allocates its assets across asset classes, geographic regions, and industries, subject to certain diversification and liquidity considerations, with the goal of selecting those investments with the greatest opportunity to offer both capital appreciation and income opportunities for the Fund. The Fund’s investments in foreign countries may include exposure to emerging markets. The Fund generally defines emerging market countries as countries that are not included in the MSCI World Index of major world economies.
The Fund uses a disciplined, unemotional, quantitative investment approach that is based on the belief investors can achieve superior investment performance through sector selection. Pursuant to this approach, the investment adviser believes that as shifts among industry sectors in the equity market have become more dramatic, sector selection has become an important aspect in determining investment performance. The investment adviser considers a sector to be a collection of stocks whose investment performance tends to be similarly influenced by a variety of factors. Examples include “Information Technology,” “Health Care,” and “Consumer Discretionary.” The investment adviser continuously updates its investment discipline and adjusts the Fund’s portfolio as necessary to keep the Fund invested in sectors which the Adviser believes are the most attractive.
In implementing its investmentapproach, the Adviser uses a proprietary model that evaluates sectors, groups and individual ETFs using anumber of factors. Factors evaluated under the model include:
Economic conditions:monetary factors, inflation and interest rate levels and trends, and investor confidence
Technical: measures of equity performance that differentiate groups that have outperformed versus underperformed
Relative Value: finding undervalued industries and groups relative to their fundamentals, such as earnings, sales, cash flow book value
Growth: industry groups with the ability to persistently grow earnings and revenues
Profitability: industries that generate a high degree of consistent profitability
Very Long Momentum: identify through securities’ price action industries that are overbought or oversold
Capital Discipline: companies that have favorable debt to equity ratios.
Section 12(d)(1) of the Investment Company Act of 1940, as amended (the “1940 Act”) restricts investments by registered investment companies in the securities of other investment companies. Registered investment companies are permitted to invest in another registered investment company beyond the limits set forth in Section 12(d)(1), subject to certain SEC rules, including Rule 12d1-4. Rule 12d1-4 allows, subject to certain conditions, a Fund to invest in other registered investment companies and other registered investment companies to invest in a Fund beyond the limits contained in Section 12(d)(1) of the 1940 Act. In order for a registered investment company to invest in shares of a Fund beyond the limitations of Section 12(d)(1), the registered
investment company must comply with certain terms and conditions set forth in Rule 12d1-4, including entering into an agreement with the Fund (other than a registered investment company managed by Adviser) .
The Fund expects that, under normal market conditions, the Fund’s net assets will be invested approximately:
30% to 70% in Underlying Funds that principally invest in common stocks and other equity securities (such Underlying Funds may invest principally in specific sectors of the economy, such as healthcare, financials, real estate, and energy or in broader swaths of domestic, foreign, or global equity markets);
10% to 70% in Underlying Funds that principally invest in bonds and other debt securities (other than money market instruments); and
0% to 20% in Underlying Funds that principally invest in cash or cash equivalent investments, including money market instruments.
The Adviser may, in its judgment of the potential returns and risks of each asset class, elect to invest outside of these typical ranges.
Underlying Funds that invest in bonds and other debt securities may invest in U.S. government debt, sovereign debt, U.S. and foreign corporate debt, high-yield debt (also known as “junk bonds”), U.S. government agency issued mortgage debt, structured debt, and U.S. government agency issued asset-backed securities (including commercial mortgage-backed securities and residential mortgage-backed securities). Such Underlying Funds may hold debt denominated in U.S. dollars or foreign currencies. The Fund has no limitation on the range of maturities or credit quality of the debt, or the class or tranche of mortgage-backed securities, in which Underlying Funds may invest. High-yield debt is generally considered speculative because it presents a greater risk of loss, including default, than higher quality debt securities.
Underlying Funds used for real estate exposure may invest some or all of their assets in real estate investment trusts (“REITs”), and Underlying Funds used for energy exposure may invest some or all of their assets in master limited partnerships (“MLPs”).
In addition to the Underlying Funds, the Fund may invest in non-investment company exchange-traded products such as Exchange-Traded Notes (“ETNs”) and MLP's (together with the Underlying Funds, “Underlying Investments”). ETNs are debt obligations of investment banks which are traded on exchanges and the returns of which are linked to the performance of market indexes. Exchange-traded MLPs are limited partnerships in which the ownership units are publicly traded. MLP units are registered with the SEC and are freely traded on a securities exchange or in the over-the-counter market.
The Fund may invest up to 20% of its total assets in Underlying Investments that invest some or all of their assets in volatility indexes, managed futures, and commodities such as oil, agriculture, livestock, industrial metals, and precious metals such as gold or silver. Commodity Underlying Investments may also use derivatives, such as futures, options, and swaps. The Fund may engage in short sales of equity securities to reduce its equity exposure or to profit from an anticipated decline in the price of the security sold short.
The Fund will invest in Underlying Investments that may include the following equity strategies:
Large, mid, or small capitalization common stocks;
Growth stocks, value stocks, or cyclical stocks;
Aggressive stocks or defensive stocks;
Stocks in any industry or sector;
Stocks in emerging and less developed markets;
Common stocks of foreign issuers; and
Options.
Leuthold Weeden Capital Management (referred to as the “Adviser”) selects specific Underlying Investments based on an evaluation of their market exposure, liquidity, cost, and historic tracking error relative to their underlying index or benchmark. The Adviser continuously updates its investment discipline and adjusts the
Fund’s portfolio as necessary to keep the Fund invested in Underlying Investments which the Adviser believes are the most attractive. Such adjustments may result in high portfolio turnover.
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LCR - Performance

Return Ranking - Trailing

Period LCR Return Category Return Low Category Return High Rank in Category (%)
YTD 4.2% -2.6% 54.7% 84.08%
1 Yr 14.3% -0.9% 87.4% 78.11%
3 Yr 11.4%* 2.6% 36.0% 59.00%
5 Yr 6.8%* -2.9% 15.9% 24.00%
10 Yr N/A* 1.4% 18.0% 43.71%

* Annualized

Return Ranking - Calendar

Period LCR Return Category Return Low Category Return High Rank in Category (%)
2025 10.9% -33.9% 25.2% 25.87%
2024 6.7% -9.5% 25.7% 23.38%
2023 11.0% -18.9% 60.2% 24.50%
2022 -8.3% -48.5% 0.1% 6.50%
2021 11.9% -19.0% 48.3% 14.50%

Total Return Ranking - Trailing

Period LCR Return Category Return Low Category Return High Rank in Category (%)
YTD 4.2% -2.6% 54.7% 84.08%
1 Yr 14.3% -0.9% 87.4% 78.11%
3 Yr 11.4%* 2.6% 36.0% 59.00%
5 Yr 6.8%* -2.9% 15.9% 24.00%
10 Yr N/A* 1.4% 18.0% N/A

* Annualized

Total Return Ranking - Calendar

Period LCR Return Category Return Low Category Return High Rank in Category (%)
2025 12.4% -3.0% 37.6% 60.70%
2024 8.7% -0.9% 29.9% 41.29%
2023 12.8% -8.5% 61.8% 29.00%
2022 -7.6% -46.5% 4.6% 16.50%
2021 12.1% -9.4% 48.3% 46.50%

LCR - Holdings

Concentration Analysis

LCR Category Low Category High LCR % Rank
Net Assets 69.8 M 3.97 M 10.4 B 78.61%
Number of Holdings 32 3 2688 61.69%
Net Assets in Top 10 49.1 M 2.03 M 7.58 B 72.14%
Weighting of Top 10 72.16% 12.1% 108.8% 57.71%

Top 10 Holdings

  1. US BANK MMDA - USBGFS 9 16.12%
  2. iShares 1-3 Year Treasury Bond ETF 15.66%
  3. State Street Technology Select Sector SPDR ETF 11.19%
  4. State Street Financial Select Sector SPDR ETF 6.73%
  5. Direxion Daily SP 500 Bear 1X ETF 5.18%
  6. Invesco SP 500 Equal Weight Consumer Discretionary ETF 4.04%
  7. State Street Communication Services Select Sector SPDR ETF 3.57%
  8. State Street Health Care Select Sector SPDR ETF 3.39%
  9. VanEck Gold Miners ETF/USA 3.29%
  10. iShares Biotechnology ETF 3.00%

Asset Allocation

Weighting Return Low Return High LCR % Rank
Stocks
83.99% 0.00% 140.13% 41.79%
Cash
16.12% -33.22% 90.54% 32.34%
Convertible Bonds
0.18% 0.00% 8.92% 39.80%
Preferred Stocks
0.00% -0.09% 5.36% 39.30%
Other
0.00% -29.71% 150.32% 57.21%
Bonds
0.00% -4.47% 106.59% 61.19%

Stock Sector Breakdown

Weighting Return Low Return High LCR % Rank
Technology
23.44% 0.00% 85.77% 21.18%
Financial Services
22.06% 0.00% 98.22% 7.06%
Energy
14.75% 0.00% 60.89% 13.53%
Healthcare
14.46% 0.00% 38.63% 24.71%
Consumer Defense
8.37% 0.00% 37.51% 28.82%
Consumer Cyclical
6.30% 0.00% 25.83% 60.00%
Industrials
5.28% 0.00% 23.31% 76.47%
Basic Materials
5.21% 0.00% 56.73% 26.47%
Communication Services
0.08% 0.00% 21.61% 84.12%
Real Estate
0.06% 0.00% 99.45% 88.24%
Utilities
0.00% 0.00% 91.12% 94.71%

Stock Geographic Breakdown

Weighting Return Low Return High LCR % Rank
US
83.99% 0.00% 140.13% 37.81%
Non US
0.00% -1.94% 45.18% 47.26%

LCR - Expenses

Operational Fees

LCR Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.01% 0.46% 6.65% 83.58%
Management Fee 0.50% 0.00% 1.50% 19.40%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee 0.05% 0.05% 0.70% 2.13%

Sales Fees

LCR Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 3.75% 5.75% N/A
Deferred Load N/A 1.00% 1.00% N/A

Trading Fees

LCR Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.50% 2.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

LCR Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 70.83% 1.75% 441.00% 37.87%

LCR - Distributions

Dividend Yield Analysis

LCR Category Low Category High LCR % Rank
Dividend Yield 0.00% 0.00% 23.29% 52.24%

Dividend Distribution Analysis

LCR Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Annual Annual Annual

Net Income Ratio Analysis

LCR Category Low Category High LCR % Rank
Net Income Ratio 0.19% -2.01% 13.72% 58.21%

Capital Gain Distribution Analysis

LCR Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

Distributions History

View More +

LCR - Fund Manager Analysis

Managers

Chun Wang


Start Date

Tenure

Tenure Rank

Jan 03, 2020

2.41

2.4%

Chun is a Senior Analyst and Portfolio Manager. Chun is also a member of the asset allocation committee and the investment strategy committee. In addition to his Portfolio Management responsibilities, Chun is a contributing writer to The Leuthold Group's highly regarded institutional publications. Chun performs both top-down and bottom-up research to identify significant cross-asset trends and themes among major asset classes including global equities, fixed income, and currencies. Prior to joining the Leuthold team in June 2009, Chun was a Quantitative Equities Portfolio Manager and Head of Quantitative Research at LIM Advisors, a Hong-Kong based Asia-Pacific focused multi-strategy hedge fund. Prior to that, Chun was with Ned Davis Research for 11 years as Director of Research & Development, responsible for quantitative product development and a quantitative research publication called Quantitative Review. Chun also worked as an equity analyst with Shanghai International Securities in China. In addition to his global experience, Chun has a BS degree in Economics from Xiamen University and a MS degree in Economics from the University of Florida. Chun holds a number of professional designations and certifications including the Chartered Financial Analyst (CFA), Professional Risk Manager (PRM), Certified JAVA Programmer, SAS Certified Professional, and the Certificate in Financial Engineering from UC Berkeley.

Scott Opsal


Start Date

Tenure

Tenure Rank

Jan 03, 2020

2.41

2.4%

Scott is Director of Research & Equities and a Portfolio Manager. His responsibilities include conducting in-depth research projects and exploring new fundamental and quantitative studies that support the firm’s portfolios and strategy recommendations. Scott brings over thirty years of professional investment experience to the Leuthold team, previously serving as Chief Investment Officer of Invista Capital Management and Head of Equities at Members Capital Advisors. Scott was also the Director of the Applied Investments Program and taught Security Analysis and investment classes at the University of Wisconsin–Whitewater. In his leadership roles, Scott was involved in all aspects of firm management; establishing policies on risk management, asset allocation, quantitative techniques, institutional grade research and portfolio management processes. Previous portfolio management assignments included international equity, domestic equity, taxable investing and convertible securities. His top quartile and five-star performance records led to twice being named to Barron’s Top 100 Mutual Fund Managers. Scott received his undergraduate degree from Drake University in 1982 and an MBA from the University of Minnesota in 1983. He earned the Chartered Financial Analyst designation in 1986 and recently served on the CFA Society Madison Board of Directors.

Douglas Ramsey


Start Date

Tenure

Tenure Rank

Jan 03, 2020

2.41

2.4%

Doug is the Chief Investment Officer of The Leuthold Group, LLC, and a Portfolio Manager. In addition to his CIO and Portfolio Management responsibilities heading both the asset allocation and investment strategy committees, Doug maintains the firm’s proprietary Major Trend Index – a multi-factor model which evaluates the underlying health of the markets, both domestically and globally. He is also the lead writer for The Leuthold Group’s highly regarded institutional research publications. Doug is an accomplished speaker and has presented at a range of engagements, including the Morningstar Investment Conference, CFA societies across the U.S., Minnesota CPA Society, Minneapolis Business Bank, and a variety of Advisor and private client events throughout the country. Additionally, Doug is frequently used as a resource by the financial press, including appearances on CNBC and Bloomberg TV; he is quoted regularly in Barron’s and is often referred to by the leading trade journals for a variety of topics. He is a member of the Charles Dow Award committee, and the Market Technicians Association. Prior to joining the Leuthold team, Doug was Chief Investment Officer of Treis Capital in Des Moines, Iowa, where he managed equity portfolios and published a quantitative equity research product. Prior to that he worked at Principal Global Investors. Doug is a Phi Beta Kappa graduate of Coe College in Cedar Rapids, IA, where he earned a Bachelor’s degree in Economics and Business Administration. He also played four years of varsity basketball at Coe, earning Academic All-America honors in 1986-87. Doug received an MA degree in Economics from The Ohio State University in 1990; he earned his CFA designation in 1996 and became a Chartered Market Technician in 2003.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.07 33.83 6.55 13.0