Logan Capital Broad Innovative Growth ETF

Logan Capital Broad Innovative Growth ETF (LCLG) is an actively managed fund holding about 55 large US growth stocks. As of July 31, 2026, its biggest positions were Amphenol, Broadcom and Apple. Its managers pick stocks using three tests: the economy, company research and price charts. At 0.85% a year, it costs far more than index-based growth funds such as Vanguard Growth ETF (0.04%), and it pays no dividends.

• Over the year to Oct 27, 2026, LCLG returned +5.7%, 4th of 9 among similar funds.
• Its worst full calendar year was 2025 (+18.1%); its best was 2023 (+35.5%).
• The deepest fall in its price history was 25.8% (Feb 14, 2025 to Apr 8, 2025), recovered by Jul 9, 2025.

As of Jul 31, 2026, the fund held 55 securities; the ten largest made up 43.41% of assets.

By sector

• Over the three months to Jul 31, 2026, investors added a net $1.1M (creations minus redemptions, per the N-PORT report).
• Monthly total returns reported for that quarter: +9.64%, +2.51%, -6.30%.

LCLG does not track an index. Logan Capital Management picks the stocks itself, because it believes earnings growth drives share prices over time. The fund's name stresses innovation, but its prospectus describes a large-cap growth strategy. At least 80% of net assets go into companies worth more than $5 billion that the adviser thinks can keep growing earnings for years. Up to 20% can go into foreign companies, including companies in emerging markets.

A stock must pass three separate tests. The first looks at the economy as a whole: growth, interest rates, inflation and Federal Reserve actions. The second is company research, starting with an in-house scoring tool that rates pricing power, balance sheet strength and barriers to entry. The third is technical analysis, which studies price charts to judge whether a stock is trending up. The adviser may sell a stock once it fails at least two of the three tests.

The prospectus gives no weighting formula or rebalancing schedule. The portfolio is concentrated. The 10 largest positions made up 43.4% of assets as of July 31, 2026, and information technology made up 38.1% as of April 30, 2026. Portfolio turnover, a measure of how much of the fund is traded in a year, was 7%. That fits a patient approach, and the adviser may hold stocks through short earnings setbacks.

• LCLG charges 0.85% a year, versus an average of 0.3% for the similar funds below (9th of 9, cheapest first).
• Of that, 0.65% is the management fee; the rest covers other fund expenses.
• Using the prospectus's standard example, $10,000 invested would cost about $87 in the first year and $1,049 over 10 years (assuming a 5% annual return).

It is a concentrated, high-cost growth fund that pays no income and has moved more sharply than the market.

LCLG could add a focused group of large US growth stocks to a portfolio, but it swings harder than the overall market. Its beta, a measure of how strongly a fund moves with the market, was 1.47 over the year to October 27, 2026. The ETF launched in August 2022, so its own trading history skips the 2008 and 2020 crashes. Its prospectus record goes back further and shows a 27.87% loss in 2022. The ETF's deepest drop was 25.8%, from February 14 to April 8, 2025. It recovered by July 9, 2025, about three months later. Anyone forced to sell during a drop like that would lock in the loss.

The fund paid nothing out in the past year, so it provides no income. Under the SEC's standard example, its 0.85% expense ratio costs $87 in the first year on $10,000. Past results don't predict the future, and a plan should look at the whole portfolio, not one fund.

Matched by holdings overlap from the latest N-PORT reports.