LCR ETF — Holdings & Analysis

The Leuthold Core Exchange Traded Fund (LCR) is an actively-managed 'exchanged-traded fund of funds' with $0.07 billion in assets under management.

LCR distinguishes itself by investing primarily in other ETFs, both actively-managed and index-based, to gain exposure to a diverse range of asset classes, including domestic and foreign equities, and debt obligations. With an expense ratio of 0.84%, LCR offers a multi-asset strategy through a fund-of-funds approach.

Leuthold Core Exchange Traded Fund (LCR) ETF — Price, Holdings & Analysis

The Leuthold Core Exchange Traded Fund (LCR) is an actively-managed 'exchanged-traded fund of funds' with $0.07 billion in assets under management. LCR distinguishes itself by investing primarily in other ETFs, both actively-managed and index-based, to gain exposure to a diverse range of asset classes, including domestic and foreign equities, and debt obligations. With an expense ratio of 0.84%, LCR offers a multi-asset strategy through a fund-of-funds approach.

ETF Overview

The fund is an actively-managed "exchanged-traded fund of funds" and seeks to achieve its objective by investing primarily in other registered investment companies, including other actively-managed exchange-traded funds ("ETFs") and index-based ETFs (collectively, "underlying funds"), that provide exposure to a broad range of asset classes. The underlying funds may invest in equity securities of U.S. or foreign companies; debt obligations of U.S. or foreign companies or governments; or investments, such as volatility indexes and managed futures.

LCR is an actively managed ETF that seeks to achieve its investment objective by investing in other registered investment companies, including both actively managed and index-based ETFs. This fund-of-funds approach allows LCR to gain exposure to a broad range of asset classes, including U.S. and foreign equities, and debt obligations. The fund's top holdings reflect this diversified strategy, with significant allocations to ETFs like the iShares 1-3 Year Treasury Bond ETF (SHY) at 15.08%, providing exposure to short-term U.S. Treasury bonds, and the State Street®TechSelSectSPDR®ETF (XLK) at 12.72%, offering exposure to the technology sector. Other key sector exposures include Financial Services (19.4%), Healthcare (18.6%), and Basic Materials (11.1%). LCR's investment strategy is designed for investors seeking a diversified, actively managed portfolio through a single ETF.

Risk Metrics

LCR's fund-of-funds structure inherently diversifies risk across multiple asset classes and investment strategies. However, the 0.84% expense ratio could create a drag on performance compared to lower-cost ETFs. The fund's beta of 0.83 (3Y) suggests it is less volatile than the overall market. The fund's sector allocation introduces concentration risk, with significant exposure to Technology (21.9%), Financial Services (19.4%), and Healthcare (18.6%). Investors should be aware of the potential impact of these sector concentrations on the fund's overall performance. Furthermore, the fund's country exposure is heavily weighted towards the United States (93.1%), which could limit diversification benefits.

Expense Ratio

0.84%

What does LCR hold?

Holding	Weight
iShares 1-3 Year Treasury Bond ETF (SHY)	15.08%
State Street®TechSelSectSPDR®ETF (XLK)	12.72%
State Street®FinSelSectSPDR®ETF (XLF)	9.15%
Invesco S&P 500® Equal Wt Cnsm Disc ETF (RSPD)	5.05%
VanEck Gold Miners ETF (GDX)	4.72%
Direxion Daily S&P 500® Bear 1X ETF (SPDN)	4.71%
State Street® CommServSelSectSPDR®ETF (XLC)	4.31%
State Street®HlthCrSelSectSPDR®ETF (XLV)	4.20%
iShares Biotechnology ETF (IBB)	3.54%
VanEck Oil Services ETF (OIH)	2.59%

How Is the Fund Allocated?

Sector	Weight
Technology	21.9%
Financial Services	19.4%
Healthcare	18.6%
Basic Materials	11.1%
Consumer Cyclical	9.9%
Communication Services	7.2%
Industrials	6.9%
Energy	4.3%
Consumer Defensive	0.5%
Utilities	0.1%

Country	Weight
United States	93.1%
Canada	3.6%
South Africa	0.7%
Switzerland	0.7%
Australia	0.6%
China	0.4%
United Kingdom	0.2%
Netherlands	0.1%
Spain	0.1%
Peru	0.1%

Dividend Yield

0.00%

ETC Cabana Target Drawdown 10 ETF (TDSC) — 0.90% expense ratio
Mindful Conservative ETF (MFUL) — 1.22% expense ratio
Bluemonte Diversified Income ETF (BLUI) — 0.75% expense ratio
Elm Market Navigator ETF (ELM) — 0.26% expense ratio
Fundamentals First ETF (KNOW) — 1.09% expense ratio
Blueprint Chesapeake Multi-Asset Trend ETF (TFPN) — 2.06% expense ratio
Return Stacked Bonds & Futures Yield ETF (RSBY) — 0.98% expense ratio
Prospera Income ETF (THRV) — 1.80% expense ratio

Risk Metrics

Beta: 0.83

Questions & Answers

What is LCR and what does it track?

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.

What is the expense ratio for LCR?

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%.

What are the top holdings in LCR?

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.

Is LCR a good long-term investment?

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.

How does LCR compare to similar ETFs?

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.

Does LCR pay dividends?

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.