LGRO: LEVEL FOUR LARGE CAP GROWTH ACTIVE ETF
What this ETF is trying to do
The Level Four Large Cap Growth Active ETF (LGRO) is an actively managed fund. This means managers pick specific stocks they believe will grow. It focuses on large companies, with a portfolio that includes well-known names like Microsoft, Apple, and Amazon.
What the numbers show
As of October 6, 2026, the share price was $47.53. To understand how the fund has performed, we look at two different types of returns: price return (the change in share price) and total return (which includes distributions).
• Year-to-Date (YTD): The price return is 15.98%, and the total return is 16.26%.
• One Year: The price return is 15.96%, and the total return is 16.39%.
• Three Year: The price return is 94.49%, and the total return is 96.98%.
For a simple example, if you had invested $10,000 exactly one year ago at the estimated price of $40.98, the price-only increase would have grown that investment to approximately $11,596.
Income and distribution explanation
This ETF pays out cash to investors, usually every quarter. Over the last 12 months, it made 4 payments. The distribution yield is 0.32%.
It is important for beginners to know that a distribution yield is not the same as a total return. While these payments provide a small amount of cash income, they are a separate part of the overall return.
NAV erosion explanation
"NAV erosion" happens when the actual value of the fund's assets drops over time. StockValueFinder uses an erosion-risk score to track this. LGRO has an erosion score of 100, and the label says "No price erosion detected." The severe erosion-risk flag is also false, meaning the fund has not triggered a warning for substantial price deterioration.
Top Holdings
The fund holds 49 different assets. Because the list is partial, we only see the Top Holdings. As of October 7, 2026, the largest positions include:
• Microsoft Corp: 7.2%
• Apple Inc: 6.55%
• State Street Instl Trs Pls Mmkt Premier: 4.69%
• Amazon.com Inc: 4.57%
• Alphabet Inc Class A: 4.31%
• Nvidia Corp: 4.16%
Pros
• Strong three-year price and total returns.
• No detected NAV erosion.
• Exposure to some of the largest growth companies in the world.
Cons
• The distribution yield is very low (0.32%), so it does not provide much cash income.
Beginner takeaway
LGRO is a growth-focused fund that has seen significant price increases over the last three years. While it offers very little in the way of cash distributions, it has maintained a stable price trend without signs of NAV erosion.
Top Holdings
Structured portfolio holdings supplied by the ETF data provider. These figures are not generated by the AI article.
| # | Holding | Ticker | Weight |
|---|---|---|---|
| 1 | MICROSOFT CORP | MSFT | 7.20% |
| 2 | APPLE INC | AAPL | 6.55% |
| 3 | STATE STREET INSTL TRS PLS MMKT PREMIER | TPIXX | 4.69% |
| 4 | AMAZON.COM INC | AMZN | 4.57% |
| 5 | ALPHABET INC CLASS A | GOOGL | 4.31% |
| 6 | NVIDIA CORP | NVDA | 4.16% |
| 7 | TWILIO INC CLASS A | TWLO | 3.54% |
| 8 | UNITEDHEALTH GROUP INC | UNH | 3.28% |
| 9 | SNOWFLAKE INC ORDINARY SHARES | SNOW | 3.23% |
| 10 | PAYPAL HOLDINGS INC | PYPL | 3.19% |