LCR ETF — Holdings & Analysis

LCR, or the Leuthold Core Exchange Traded Fund, is an actively-managed 'exchanged-traded fund of funds'. It does not track a specific index. Instead, it invests primarily in other registered investment companies, including both actively-managed and index-based ETFs, to gain exposure to a broad range of asset classes. These underlying funds may invest in equity securities of U.S. or foreign companies, debt obligations, or investments like volatility indexes and managed futures. The fund's objective is to provide a diversified portfolio through a single ETF.

The expense ratio for LCR is 0.84%. This means that for every $10,000 invested in the fund, $84 is deducted annually to cover operating expenses. While this provides the benefit of active management and diversification through a fund-of-funds structure, the expense ratio is higher than many passively managed ETFs and could impact overall returns. The category average expense ratio for asset allocation ETFs is lower, at 0.44%.

The top holdings in LCR provide insight into the fund's investment strategy and asset allocation. As of 2026-03-15, the top three holdings are iShares 1-3 Year Treasury Bond ETF (SHY) at 15.08%, State Street®TechSelSectSPDR®ETF (XLK) at 12.72%, and State Street®FinSelSectSPDR®ETF (XLF) at 9.15%. These holdings indicate a focus on short-term U.S. Treasury bonds, technology sector exposure, and financial services sector exposure, respectively. Other significant holdings include Invesco S&P 500® Equal Wt Cnsm Disc ETF (RSPD) at 5.05% and VanEck Gold Miners ETF (GDX) at 4.72%.

Whether LCR is a suitable long-term investment depends on an individual investor's specific financial goals, risk tolerance, and investment horizon. LCR offers diversification through its fund-of-funds structure and active management. However, the higher expense ratio of 0.84% could impact long-term returns compared to lower-cost passive ETFs. The fund's beta of 0.83 suggests it may be less volatile than the overall market. Past performance does not guarantee future results, and investors should carefully consider their own circumstances before investing.

LCR differentiates itself through its actively-managed fund-of-funds approach, which is a key factor when comparing it to similar ETFs. Many asset allocation ETFs are passively managed and track a specific index, often resulting in lower expense ratios. With AUM of $0.07 billion, LCR is smaller than some of the larger, more established asset allocation ETFs. Investors should weigh the benefits of LCR's active management and diversification against its higher expense ratio and smaller size when making comparisons.

As of 2026-03-15, the Leuthold Core Exchange Traded Fund (LCR) has a dividend yield of 0.00%. This indicates that the fund is not currently distributing dividends to its shareholders. Investors seeking income-generating investments may want to consider other ETFs with a higher dividend yield. The lack of dividend payments may be due to the fund's investment strategy and the dividend yields of the underlying ETFs it holds.