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About SGI Enhanced Market Leaders ETF
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Inception date
May 5, 2025
Structure
Open-Ended Fund
Replication method
Physical
Dividend treatment
Distributes
Distribution tax treatment
Ordinary income
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
Summit Global Investments LLC
Distributor
Quasar Distributors LLC
ISIN
US74933W1898
LDRX seeks total return in the large-cap equity space with a short-term options overlay. The fund targets companies considered market leaders or those exhibiting improving business fundamentals and favorable financial characteristics such as low earnings variability, attractive valuation ratios, and manageable leverage. The fund writes deep out-of-the-money call and put options, typically with 1-7 day expirations, on broad market indices like the S&P 500 to enhance income. The strategy aims to capture premium income from contracts that are likely to expire worthless, though it also limits upside participation and introduces downside risk in volatile markets. The fund may also hold ETFs, hold short-term US Treasuries as collateral, and lend securities for additional income. As a defensive measure, assets may fully shift to cash. Before May 5, 2025, LDRX was a mutual fund called Chestnut Street Exchange Fund before converting to an ETF structure, starting with $166.93 million in assets.
Classification
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
Electronic Technology
Technology Services
Finance
Stocks99.74%
Electronic Technology29.96%
Technology Services24.71%
Finance12.16%
Retail Trade8.60%
Health Technology8.44%
Consumer Non-Durables3.39%
Consumer Durables2.87%
Energy Minerals2.17%
Consumer Services1.83%
Communications1.16%
Producer Manufacturing1.14%
Transportation1.10%
Utilities0.92%
Health Services0.69%
Process Industries0.48%
Commercial Services0.14%
Bonds, Cash & Other0.26%
Mutual fund0.23%
Cash0.03%
Rights & Warrants−0.00%
Stock breakdown by region
North America98.83%
Europe1.17%
Latin America0.00%
Asia0.00%
Africa0.00%
Middle East0.00%
Oceania0.00%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
LDRX invests in stocks. The fund's major sectors are Electronic Technology, with 29.96% stocks, and Technology Services, with 24.71% of the basket. The assets are mostly located in the North America region.
LDRX top holdings are NVIDIA Corporation and Apple Inc., occupying 10.98% and 9.65% of the portfolio correspondingly.
LDRX last dividends amounted to 0.08 USD. The quarter before, the issuer paid 0.08 USD in dividends, which shows a 3.67% decrease.
LDRX assets under management is 193.43 M USD. It's fallen 20.56% over the last month.
LDRX fund flows account for −9.73 M USD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
Yes, LDRX pays dividends to its holders with the dividend yield of 0.96%. The last dividend (Sep 29, 2025) amounted to 0.08 USD. The dividends are paid quarterly.
LDRX shares are issued by Summit Global LLC under the brand Summit Global Investments. The ETF was launched on May 5, 2025, and its management style is Active.
LDRX expense ratio is 0.50% meaning you'd have to pay 0.50% of your investment to help manage the fund.
LDRX follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
LDRX invests in stocks.
LDRX trades at a premium (0.06%) meaning the ETF is trading at a higher price than the calculated NAV.