ETF overview
LDRX aims to deliver comprehensive returns primarily from large-capitalization stocks, supplemented by a short-duration options strategy. Its investment focus is on established market-leading firms or those demonstrating enhanced business health and sound financials, specifically looking for stable earnings, appealing valuations, and prudent debt levels. To boost income, the fund sells deeply out-of-the-money call and put options, generally expiring within one to seven days, on major market benchmarks such as the S&P 500. This approach seeks to collect premiums from options contracts anticipated to expire unexercised, though it simultaneously curtails potential upward gains and exposes the portfolio to increased downside during turbulent periods. The portfolio may additionally include exchange-traded funds (ETFs) and short-term U.S. Treasury bonds as collateral, alongside generating extra revenue through securities lending. For defensive purposes, the entire asset base can be converted into cash. Prior to May 5, 2025, LDRX operated as the Chestnut Street Exchange Fund, a mutual fund, before its conversion into an ETF with an initial asset base of $166.93 million.
Fund facts
- Expense ratio
- 0.50%
- Fund assets
- 256.27M USD (all share classes)
- Issuer
- Summit Global Investments
- Inception date
- May 5, 2025
- Number of holdings
- 117
Breakdown
Holdings (117)
| Name | Ticker | Weight |
|---|---|---|
| NVIDIA Corp | NVDA | 10.78% |
| Apple Inc | AAPL | 10.14% |
| Microsoft Corp | MSFT | 8.10% |
| Alphabet Inc | GOOGL | 7.79% |
| Amazon.com Inc | AMZN | 5.22% |
| Broadcom Inc | AVGO | 3.41% |
| Meta Platforms Inc | META | 3.30% |
| Micron Technology Inc | MU | 2.13% |
| Tesla Inc | TSLA | 2.03% |
| Eli Lilly & Co | LLY | 1.97% |
| and 104 more | ||
Similar ETFs
- iShares S&P 100 ETFOEF · Overlap 98% · Expense ratio 0.20%
- Vanguard Morningstar Mega Cap ETFMGC · Overlap 88% · Expense ratio 0.05%
- iShares Russell Top 200 ETFIWL · Overlap 84% · Expense ratio 0.15%
- iShares Climate Conscious & Transition MSCI USA ETFUSCL · Overlap 78% · Expense ratio 0.08%
- Xtrackers MSCI USA Climate Action Equity ETFUSCA · Overlap 78% · Expense ratio 0.07%
- ProShares - S&P 500 Ex-Financials ETFSPXN · Overlap 75% · Expense ratio 0.09%
- Mirae Asset S&P 500 Top 50 ETFMASPTOP50.NS · Overlap 85% · Expense ratio 0.65%
- WisdomTree Efficient Gold Plus Equity Strategy FundGDE · Overlap 75% · Expense ratio 0.20%
Overlap is the share of assets the two funds hold in common.
Historical returns do not guarantee future returns. This is not investment advice.
- Expense ratio
- 0.50%
- Fund assets
- 256.27M USD (all share classes)
- Issuer
- Summit Global Investments
- Inception date
- May 5, 2025
- Number of holdings
- 117
| Name | Ticker | Weight |
|---|---|---|
| NVIDIA Corp | NVDA | 10.78% |
| Apple Inc | AAPL | 10.14% |
| Microsoft Corp | MSFT | 8.10% |
| Alphabet Inc | GOOGL | 7.79% |
| Amazon.com Inc | AMZN | 5.22% |
| Broadcom Inc | AVGO | 3.41% |
| Meta Platforms Inc | META | 3.30% |
| Micron Technology Inc | MU | 2.13% |
| Tesla Inc | TSLA | 2.03% |
| Eli Lilly & Co | LLY | 1.97% |
| and 104 more | ||
LDRX aims to deliver comprehensive returns primarily from large-capitalization stocks, supplemented by a short-duration options strategy. Its investment focus is on established market-leading firms or those demonstrating enhanced business health and sound financials, specifically looking for stable earnings, appealing valuations, and prudent debt levels. To boost income, the fund sells deeply out-of-the-money call and put options, generally expiring within one to seven days, on major market benchmarks such as the S&P 500. This approach seeks to collect premiums from options contracts anticipated to expire unexercised, though it simultaneously curtails potential upward gains and exposes the portfolio to increased downside during turbulent periods. The portfolio may additionally include exchange-traded funds (ETFs) and short-term U.S. Treasury bonds as collateral, alongside generating extra revenue through securities lending. For defensive purposes, the entire asset base can be converted into cash. Prior to May 5, 2025, LDRX operated as the Chestnut Street Exchange Fund, a mutual fund, before its conversion into an ETF with an initial asset base of $166.93 million.
- iShares S&P 100 ETFOEF · Overlap 98% · Expense ratio 0.20%
- Vanguard Morningstar Mega Cap ETFMGC · Overlap 88% · Expense ratio 0.05%
- iShares Russell Top 200 ETFIWL · Overlap 84% · Expense ratio 0.15%
- iShares Climate Conscious & Transition MSCI USA ETFUSCL · Overlap 78% · Expense ratio 0.08%
- Xtrackers MSCI USA Climate Action Equity ETFUSCA · Overlap 78% · Expense ratio 0.07%
- ProShares - S&P 500 Ex-Financials ETFSPXN · Overlap 75% · Expense ratio 0.09%
- Mirae Asset S&P 500 Top 50 ETFMASPTOP50.NS · Overlap 85% · Expense ratio 0.65%
- WisdomTree Efficient Gold Plus Equity Strategy FundGDE · Overlap 75% · Expense ratio 0.20%
Overlap is the share of assets the two funds hold in common.
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