LDRX: SGI ENHANCED MARKET LEADERS ETF
What this ETF is trying to do
The SGI ENHANCED MARKET LEADERS ETF (LDRX) is an exchange-traded fund that holds many different companies. It currently contains 113 total holdings. The fund focuses on large, well-known companies. Some of its Top Holdings include:
• NVIDIA Corp (11.31%)
• Apple Inc (10.18%)
• Alphabet Inc Class A (7.70%)
• Microsoft Corp (7.52%)
• Amazon.com Inc (5.07%)
• Broadcom Inc (3.56%)
• Meta Platforms Inc Class A (3.30%)
• Micron Technology Inc (2.62%)
• Tesla Inc (2.20%)
• Advanced Micro Devices Inc (2.08%)
Please note that this is only a partial list of the companies held by the ETF.
What the numbers show
The current price for one share of LDRX is $37.64. An estimated price from roughly one year ago was $32.33.
When looking at how much money an investment might make, it is important to look at two different numbers: price return and total return. The price return only shows how much the share price changed. The total return includes both the price change and any cash distributions paid out.
Over the last year, LDRX had a one-year price return of 16.41%. Its one-year total return was 17.67%. So far this year (YTD), the price return is 14.41%, while the total return is 14.82%.
To visualize the share price change, imagine you had $10,000 in this ETF one year ago. Based on the 16.41% one-year price return, that $10,000 would have grown to approximately $11,641 based on the share price alone.
Income and distribution explanation
This ETF pays out cash to investors through distributions. The distribution yield is 0.95%. This number describes the cash paid out relative to the current ETF price. In the last 12 months, there were 4 payouts, and these usually happen every three months (quarterly). It is important to remember that a high distribution yield does not mean an investor earned that same percentage as their total return.
NAV erosion explanation
"NAV erosion" refers to a decline in the value of the underlying assets that make up the ETF. For this fund, the erosion-risk score is 100, and the label states "No price erosion detected." The erosion severity is listed as "good," and there is no severe erosion-risk flag.
Pros
• The ETF has shown positive price returns over the last year and so far this year.
• It has a good erosion-risk score, meaning no price erosion was detected.
• It provides exposure to several large market leaders.
Cons
• The distribution yield is relatively low at 0.95%.
• The provided list of holdings is only a partial view of the total 113 companies in the fund.
Beginner takeaway
LDRX focuses on large market leaders and has seen its share price grow over the past year. While it does pay out some cash through distributions, much of its recent growth has come from the increase in the share price itself.
Top Holdings
Structured portfolio holdings supplied by the ETF data provider. These figures are not generated by the AI article.
| # | Holding | Ticker | Weight |
|---|---|---|---|
| 1 | NVIDIA CORP | NVDA | 11.31% |
| 2 | APPLE INC | AAPL | 10.18% |
| 3 | ALPHABET INC CLASS A | GOOGL | 7.70% |
| 4 | MICROSOFT CORP | MSFT | 7.52% |
| 5 | AMAZON.COM INC | AMZN | 5.07% |
| 6 | BROADCOM INC | AVGO | 3.56% |
| 7 | META PLATFORMS INC CLASS A | META | 3.30% |
| 8 | MICRON TECHNOLOGY INC | MU | 2.62% |
| 9 | TESLA INC | TSLA | 2.20% |
| 10 | ADVANCED MICRO DEVICES INC | AMD | 2.08% |