Leuthold Core ETF
We believe that purchasing a collection of asset classes has the potential to provide steady growth and foster long-term investment success. Adding the element of flexibility toward portfolio weightings will complement the asset diversification and increase the opportunities to make the most of special market and economic attributes that surface as business cycles evolve.
ETF Summary
-
Fund Inception:
1/6/2020 -
Ticker:
LCR -
Net Assets:
$59,073,262 -
Shares Outstanding:
2,000,000 -
Primary Exchange:
NYSE -
CUSIP:
527289 789 -
Fund Type:
Tactical Asset Allocation -
Investment Objective:
Capital appreciation and income (or "total return") -
Management Fee:
0.50% -
All Remaining Other Expenses:
0.93% -
Acquired Fund Fee & Expenses:
0.21% -
Expense Reimbursement:
0.78% -
Total Annual Fund Operating Expenses After Expense Reimbursement:
0.86% -
Portfolio Managers:
Doug Ramsey, Scott Opsal, Chun Wang -
Number of Holdings:
30
Fund Prices
as of December 5, 2022| NAV | Price | ||
|---|---|---|---|
| Net Asset Value | $29.54 | Closing Price | $29.58 |
| Daily Change | $-0.32 | Daily Change | $-0.32 |
| Daily Change | -1.07% | Daily Change | -1.09% |
| Premium/Discount | 0.13% | ||
| Bid-Ask Spead (30 day median) | 0.14% |
Month End Performance
as of November 30, 2022Cumulative
| 1 MO. | 3 MO. | 6 MO. | SINCE INCEPTION | |
|---|---|---|---|---|
| Fund NAV | 3.52% | 3.66% | 0.58% | 20.27% |
| Closing Price | 3.42% | 3.57% | 0.44% | 20.31% |
Avg. Annualized
| 1 YR. | 3 YR. | 5 YR. | SINCE INCEPTION | |
|---|---|---|---|---|
| Fund NAV | -3.51% | NA% | NA% | 6.55% |
| Closing Price | -3.71% | NA% | NA% | 6.56% |
Quarter End Performance
as of September 30, 2022Cumulative
| 1 MO. | 3 MO. | 6 MO. | SINCE INCEPTION | |
|---|---|---|---|---|
| Fund NAV | -4.42% | -2.16% | -10.32% | 10.90% |
| Closing Price | -4.51% | -2.11% | -10.56% | 10.93% |
Avg. Annualized
| 1 YR. | 3 YR. | 5 YR. | SINCE INCEPTION | |
|---|---|---|---|---|
| Fund NAV | -8.34% | NA% | NA% | 3.84% |
| Closing Price | -8.41% | NA% | NA% | 3.86% |
All Holdings Top 10 Holdings
| Percentage of Net Assets | Name | Identifier (Cusip) | Shares Held | Market Value |
|---|---|---|---|---|
| 18.25% | Cash & Other | Cash&Other | $10,778,818.08 | |
| 10.94% | ISHARES TR 1 3 YR TREAS BD | SHY (464287457) | 79,617 | $6,463,308.06 |
| 10.93% | SELECT SECTOR SPDR TR TECHNOLOGY | XLK (81369Y803) | 48,500 | $6,455,835.00 |
| 7.37% | FIDELITY COVINGTON TRUST MSCI ENERGY IDX | FENY (316092402) | 181,702 | $4,351,762.90 |
| 5.33% | SELECT SECTOR SPDR TR SBI HEALTHCARE | XLV (81369Y209) | 22,728 | $3,146,464.32 |
| 5.01% | DIREXION SHS ETF TR DLY S&P500 BR 1X | SPDN (25460E869) | 185,619 | $2,956,910.67 |
| 4.76% | ISHARES TR US HLTHCR PR ETF | IHF (464288828) | 10,160 | $2,809,341.60 |
| 4.28% | FIDELITY COVINGTON TRUST CONSMR STAPLES | FSTA (316092303) | 54,975 | $2,527,750.50 |
| 3.26% | ISHARES TR U.S. INSRNCE ETF | IAK (464288786) | 20,828 | $1,926,381.72 |
| 3.20% | SPDR BARCLAYS CAPITAL INTL TREASURY BOND ETF | BWX (78464A516) | 83,378 | $1,888,511.70 |
| 2.49% | FIDELITY COVINGTON TRUST MSCI FINLS IDX | FNCL (316092501) | 29,859 | $1,472,645.88 |
| 2.19% | ISHARES TRUST DJ HOME CONSTN | ITB (464288752) | 21,521 | $1,295,348.99 |
| 2.15% | ISHARES TR US BR DEL SE ETF | IAI (464288794) | 12,569 | $1,267,835.03 |
| 1.88% | ISHARES GOLD TR ISHARES NEW | IAU (464285204) | 33,214 | $1,113,001.14 |
| 1.64% | VANECK ETF TRUST JP MRGAN EM LOC | EMLC (92189H300) | 40,275 | $969,419.25 |
| 1.57% | ISHARES INC MSCI GBL ETF NEW | PICK (46434G848) | 21,521 | $928,631.15 |
| 1.56% | INVESCO CURRENCYSHARES EURO TR EURO SHS | FXE (46138K103) | 9,540 | $922,804.20 |
| 1.45% | SPDR SER TR S&P SEMICNDCTR | XSD (78464A862) | 4,743 | $854,782.99 |
| 1.44% | VANGUARD MALVERN FDS STRM INFPROIDX | VTIP (922020805) | 17,701 | $849,116.97 |
| 1.35% | ISHARES TR US TRSPRTION | IYT (464287192) | 3,544 | $799,951.68 |
| 1.32% | ISHARES TR MBS ETF | MBB (464288588) | 8,334 | $781,729.20 |
| 1.25% | SPDR SER TR S&P RETAIL ETF | XRT (78464A714) | 11,283 | $737,908.20 |
| 1.16% | SPDR SER TR S&P METALS MNG | XME (78464A755) | 13,053 | $684,890.91 |
| 1.02% | SPDR SER TR BLOOMBERG INTL | IBND (78464A151) | 21,533 | $601,237.97 |
| 0.93% | SPDR SER TR S&P HOMEBUILD | XHB (78464A888) | 8,983 | $549,669.77 |
| 0.75% | ISHARES TR 20 YR TR BD ETF | TLT (464287432) | 4,170 | $440,310.30 |
| 0.72% | ISHARES TR 7-10 YR TRSY BD | IEF (464287440) | 4,334 | $423,345.12 |
| 0.69% | INVESCO CURRENCYSHARES JAPANES JAPANESE YEN | FXY (46138W107) | 5,942 | $405,184.98 |
| 0.69% | SPDR SER TR BLOOMBERG SHT TE | SJNK (78468R408) | 16,575 | $407,082.00 |
| 0.45% | ISHARES TR JPMORGAN USD EMG | EMB (464288281) | 3,059 | $263,349.31 |
The performance data quoted represents past performance and is no guarantee of future results. Investment return and principal value of an investment will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted.
Investors should consider the investment objectives, risks, charges and expenses carefully before investing. An investment in the funds involves risk, including possible loss of principal. The Prospectus contains this and other information about the Fund. For a current Prospectus, call toll-free 1-866-306-8117. Please read the Prospectus carefully before you invest. Investing involves risk, including the possibility of loss of principal.
Market returns are based on the midpoint of the bid/ask spread at 4 p.m. ET and do not represent the returns an investor would receive if shares were traded at other times. The Adviser has voluntarily agreed to reimburse fees. This agreement may change or end at any time. Performance would have been lower without expense reimbursement in effect.
Risks of Investing in the Fund
Asset Allocation Risk: The Fund may favor an asset category or investment strategy that performs poorly to other asset categories and investment strategies for short or long periods of time.
Foreign and Emerging Markets Securities Risk: Investments in securities and instruments traded in developing or emerging markets, or that provide exposure to such securities, can involve additional risks relating to political, economic, or regulatory conditions not associated with investment in U.S. securities and instruments.
Market Risks: Common stocks are susceptible to general stock market fluctuations and to volatile increases and decreases in value as market confidence and perceptions of their issuers change.
Fixed Income Securities Risk: Issuers of bonds may not be able to make interest or principal payments, or may suffer adverse changes in financial condition that could lower the credit quality.
Quantitative Investment Approach Risk: The Fund utilizes a quantitative investment approach. There may be market conditions where the quantitative investment approach performs poorly.
Managed Futures Strategy/Commodities Risk: Investments in managed futures programs or commodities may subject an Underlying Investment to greater volatility than investments in traditional securities.
Sector Risk: The Fund’s investing approach may dictate an emphasis on certain sectors, industries, or sub-sectors of the market. The Fund may invest more heavily in one sector, industry, or sub-sector; or may lack exposure to one or more sectors, which may adversely affect performance.
Distributor: Compass Distributors, LLC