LGRO ETF: What Is It? A Complete Guide to Returns, Expense Ratio, Holdings and Alternative ETFs
The Level Four Large Cap Growth Active ETF (LGRO) is an actively managed ETF that combines quantitative analysis with fundamental evaluation to select high-quality US large-cap growth stocks. It seeks to outperform its benchmark based on each company's long-term outlook and intrinsic value.
SubscribeWhat Is the Level Four Large Cap Growth Active ETF?
This is an actively managed ETF that concentrates its investments in US large-cap growth companies with strong potential. It builds a portfolio of high-quality companies through quantitative analysis and fundamental evaluation.
Through active management centered on US large-cap growth stocks, it suits investors who seek above-market performance.
The ETF is managed by Alps Advisors using an active management approach.
How Does the Level Four Large Cap Growth Active ETF Invest?
| Item | Details |
|---|---|
| Benchmark | Bloomberg US 1000 Growth |
| Management style | Active (stock selection) |
| Asset composition | Focused on US large caps |
| Number of holdings | Concentrated |
| Expense ratio | 0.50% |
The fund conducts thorough fundamental analysis based on earnings potential, intrinsic value, and growth opportunities. It adjusts position weights opportunistically by exploiting gaps between market price and intrinsic value.
- A combination of quantitative screening and fundamental analysis
- A compact portfolio centered on high-quality growth stocks
Level Four Large Cap Growth Active ETF Size and Costs (AUM and Management Fee)
Assets under management (AUM) stand at $145.3M, and the expense ratio is 0.50% per year.
Because of its active management, fees tend to be higher than those of passive funds, and performance depends heavily on the skill of the management team.
Level Four Large Cap Growth Active ETF Performance and Trends
1-Year Price Performance
Dividend & Yield
52-Week Price RangeThe fund has built positive momentum amid shifts in the macroeconomic environment and the broad strength of technology and large-cap growth stocks in the US market. In a market where expectations of rate cuts coincide with improving corporate earnings, the flexibility of active management has stood out.
It has maintained steady fund flows, supported by continued interest from growth-oriented investors who prefer active fundamental analysis and portfolio adjustments. Demand from those who expect alpha generation beyond the uniform results of passive investing continues to flow in.
Level Four Large Cap Growth Active ETF Pros and Cons
The opportunity to generate alpha through detailed company analysis is a strength, but the higher costs and management risk of active funds should be taken into account.
💪 Key Strengths
⚠️ Points of Caution
Level Four Large Cap Growth Active ETF Alternatives and Related Products
NUGO, which appears in the table, is also an actively managed growth ETF, while DGRO, COWG, BGIG, and SMIG are comparison funds focused on dividend growth and quality stocks. For those who want exposure to a more broadly followed large-cap growth index, VUG and QQQ can be considered as alternatives.
Peer Comparison ETFs| Ticker | Name | Price | Change | AUM | Total Expense Ratio | Dividend Yield | 1Y |
|---|---|---|---|---|---|---|---|
 DGRO | iShares Core Dividend Growth ETF | $79.99 | +0.4% | $44.5B | 0.08% | 1.87% | +16.4% |
 COWG | Pacer US Large Cap Cash Cows Growth Leaders ETF | $40.93 | +0.8% | $2.4B | 0.49% | 0.73% | +12.3% |
 NUGO | Nuveen Growth Opportunities ETF | $42.23 | +1.5% | $2.3B | 0.50% | - | +4.9% |
 BGIG | Bahl & Gaynor Income Growth ETF | $37.01 | +0.7% | $2.2B | 0.45% | 1.67% | +14.8% |
 SMIG | Bahl & Gaynor Small/Mid Cap Income Growth ETF | $31.88 | +0.8% | $1.5B | 0.60% | 1.7% | +9.7% |
Top Holdings| Ticker | Name | Weight | Price | Change | Market Cap | P/E | Dividend Yield |
|---|---|---|---|---|---|---|---|
| AAPL | Apple Inc | 0.14% | $343.91 | -1.1% | $5.02T | 39.4 | 0.32% |
 MYMK | State Street My2031 Municipal Bond ETF | 0.12% | $24.62 | +0.2% | $0.0M | - | 2.62% |
| GOOGL | Alphabet Inc | 0.07% | $316.80 | -1.1% | $3.87T | 15.9 | 0.26% |
| MSFT | Microsoft Corp | 0.11% | $532.60 | +1.5% | $3.96T | 29.7 | 0.74% |
| AMZN | Amazon.com Inc | 0.11% | $249.09 | +0.4% | $2.69T | 20.0 | - |
| GOOG | Alphabet Inc | 0.05% | $314.19 | -1.0% | $3.84T | 15.8 | 0.26% |
Level Four Large Cap Growth Active ETF Investor Checkpoints
Before investing in LGRO, it is important to fully understand the fund's distinctive active management philosophy and its actual cost structure. Because the manager's stock-picking ability bears directly on performance, we recommend closely reviewing its past performance trends and portfolio concentration.
| Checkpoint | What to Check | Current Status |
|---|---|---|
| 💵 Expense ratio | Check the cost burden that comes with active management | Somewhat high |
| 📊 Management performance | Whether it has delivered excess returns versus the benchmark (Bloomberg US 1000 Growth) | Ongoing monitoring needed |
| 💧 Portfolio | Review major holdings and sector concentration | Concentrated approach |
Given the nature of active management, there is a constant risk of underperforming the benchmark because of poor stock selection or portfolio concentration. In addition, a broad downturn in the large-cap growth sector could pull down the fund's overall returns, so caution is warranted.
It can be a suitable alternative for active investors who want to go beyond tracking a standard passive index and pursue excess returns through fundamentals-based stock selection. However, we recommend carefully reviewing in advance the somewhat higher management fee compared with typical passive ETFs, as well as the risk tied to the fund manager's stock-picking ability.
SubscribeDisclaimer: This content is for informational purposes only and does not constitute investment advice. All investment responsibility lies with the investor.
This article reflects information as of June 29, 2026.
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