At a glance
LGDX charges 0.25% a year, above the 0.08% average of the 8 funds most like it (the most expensive of 9). It has $142.0M in assets, the 9th largest of that group; it paid 0.47% of its price in distributions over the past 12 months, annual. Over the past year it returned +11.1% with distributions reinvested (S&P 500: +11.5%), the weakest of those 9 funds. Its ten largest positions make up 38.1% of the fund, out of 278 in all.
The short version
Intech S&P Large Cap Diversified Alpha ETF (LGDX) is an actively managed fund. Its sub-adviser, Intech Investment Management, uses a computer-driven process to choose and weight stocks, mostly from the S&P 500. The goal is to beat that index by spreading risk more evenly across holdings and rebalancing about once a week. The trade-off is cost: the expense ratio is 0.25%, compared with 0.03% for S&P 500 index funds such as VOO and IVV.
Price history
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LGDX +11.1% over the year to Oct 27, 2026, total return with distributions reinvested.
How it has behaved
| YTD | 1 yr | 3 yr | 5 yr | 10 yr | Since start | |
|---|---|---|---|---|---|---|
| LGDX official prospectus, to Dec 31, 2025 | — | +14.72% | — | +13.73% | +14.16% | +10.73% |
| LGDX price data to Oct 27, 2026 | +11.6% | +11.1% | — | — | — | +15.6% |
- Over the year to Oct 27, 2026, LGDX returned +11.1%, 9th of 9 among similar funds.
- The deepest fall in its price history was 15.8% (Feb 28, 2025 to Apr 8, 2025), recovered by May 13, 2025.
Show as a table
| Year | Price data | Prospectus (official) |
|---|---|---|
| 2026 (to date) | +11.6% | — |
| 2025 | — | +14.72% |
| 2024 | — | +30.15% |
| 2023 | — | +24.60% |
| 2022 | — | -17.93% |
| 2021 | — | +24.58% |
| 2020 | — | +21.49% |
| 2019 | — | +32.07% |
| 2018 | — | -7.42% |
| 2017 | — | +23.44% |
| 2016 | — | +7.76% |
| 2008 financial crisis stocks fell Oct 9, 2007 – Mar 9, 2009 | Not in the price data, which starts Feb 28, 2025 |
|---|---|
| 2020 COVID crash stocks fell Feb 19, 2020 – Mar 23, 2020 | Not in the price data, which starts Feb 28, 2025 |
| 2022 bear market stocks fell Jan 3, 2022 – Oct 12, 2022 | Not in the price data, which starts Feb 28, 2025 |
Dividends and income
No distribution history is available for this fund.
Distributions through Oct 27, 2026.What's inside
As of Jul 31, 2026, the fund held 278 securities; the ten largest made up 38.11% of assets.
| Holding | Weight | |
|---|---|---|
| NVIDIA Corp | 8.39% | |
| Apple Inc | 5.20% | |
| Microsoft Corp | 4.83% | |
| Alphabet Inc | 4.31% | |
| Alphabet Inc | 3.47% | |
| Broadcom Inc | 3.20% | |
| Amazon.com Inc | 2.92% | |
| Meta Platforms Inc | 2.01% | |
| Micron Technology Inc | 1.97% | |
| Eli Lilly & Co | 1.81% | |
| Advanced Micro Devices Inc | 1.68% | |
| Cisco Systems Inc | 1.47% | |
| Tesla Inc | 1.47% | |
| 3M Co | 1.11% | |
| Citigroup Inc | 1.09% |
By country
United States 99.03%United Kingdom 0.39%Ireland 0.14%Switzerland 0.04%Netherlands 0.02%By asset type
Stocks 99.64%By sector
Sectors of the companies held, for the 87.6% of the fund in companies that have a stock page here; other holdings and cash aren't classified. Source: N-PORT holdings report as of Jul 31, 2026. Cash, money-market funds and derivatives are shown separately from the securities list.What changed recently
- Over the three months to Jul 31, 2026, investors withdrew a net $1.7M (creations minus redemptions, per the N-PORT report).
- Monthly total returns reported for that quarter: +5.15%, -1.95%, +1.10%.
How it works
LGDX does not track an index. Its sub-adviser, Intech Investment Management, builds a portfolio mainly from S&P 500 stocks and tries to outperform that index. Investors call that extra return "alpha." At least 80% of net assets go into large US companies, which the fund defines as companies within the S&P 500's size range. The fund may also hold some stocks outside the index to manage specific risks, improve liquidity or fine-tune diversification.
The process has three steps. First, Intech studies each stock's volatility (how much its price swings), its correlation (how it moves compared with other stocks) and fundamentals such as profitability and valuation. Second, it sets target weights so that no single stock, sector, industry or market factor drives results. Third, as prices move and holdings drift from those targets, Intech rebalances, typically weekly. It trims stocks that have grown too large and adds to those that have shrunk.
As of July 31, 2026, the fund held 278 stocks, and the 10 largest made up about 38% of assets. NVIDIA was the biggest position at 8.4%, followed by Apple (5.2%), Microsoft (4.8%) and Alphabet (4.3% and 3.5% across its two share classes). All that rebalancing produced portfolio turnover of 117%. High turnover can raise trading costs and create short-term capital gains. The fund held no derivatives.
What it really costs
- LGDX charges 0.25% a year, versus an average of 0.08% for the similar funds below (9th of 9, cheapest first).
- Using the prospectus's standard example, $10,000 invested would cost about $26 in the first year and $318 over 10 years (assuming a 5% annual return).
| Cost of $10,000 (SEC example) | 1 yr | 3 yrs | 5 yrs | 10 yrs |
|---|---|---|---|---|
| LGDX | $26 | $80 | $141 | $318 |
In a retirement portfolio
It owns a broad set of large US companies and has moved almost in step with the market, so it can serve as an actively managed alternative to an S&P 500 index fund.
LGDX could fill the large-cap US stock slot in a portfolio. It owns 278 stocks, mostly from the S&P 500. Its beta was 1.03 for the year to Oct. 27, 2026, meaning it moved almost in step with the market. It hasn't avoided sell-offs. It lost 17.93% in 2022, its worst calendar year from 2016 through 2025, and 19.87% in the first quarter of 2020. Its deepest drop since Feb. 28, 2025 was 15.8%, bottoming on April 8, 2025. It recovered by May 13, 2025. Anyone forced to sell in years like those would lock in losses.
It is not an income fund. The yield was 0.47% as of Oct. 27, 2026, paid once a year. Costs are 0.25% a year, which adds up to $318 over 10 years in the SEC's $10,000 example, compared with a 0.08% average among similar funds. Past results don't predict the future, and a plan should look at the whole portfolio, not one fund.
Who it may suit — and who should look elsewhere
May suit
- Investors who want S&P 500 stocks but prefer weights that spread risk more evenly than simply following company size.
- Those willing to pay 0.25% for an active, quantitative strategy that returned 14.16% a year on average over 10 years through 2025.
- People holding it in tax-advantaged accounts, where short-term gains from its 117% turnover matter less.
Look elsewhere if
- Cost-focused investors: VOO and IVV charge 0.03% and share about 66% of LGDX's holdings.
- Anyone who needs regular income: the yield was 0.47% as of Oct. 27, 2026, paid only once a year.
- Investors who want less tech: technology was 33.3% of assets, and NVIDIA alone 8.4%, as of July 31, 2026.
Close alternatives
Matched by holdings overlap from the latest N-PORT reports.
| Fund | Overlap | Cost | Net assets | 1 yr | 3 yr |
|---|---|---|---|---|---|
| LGDX this fund | — | 0.25% | $142.0M | +11.1% | — |
| SPY SPDR S&P 500 ETF Trust | 66% | 0.0945% | $781.19B | +11.5% | +21.9% |
| IVV iShares Core S&P 500 ETF | 66% | 0.03% | $888.13B | +11.5% | +22.0% |
| VOO Vanguard S&P 500 ETF | 66% | 0.03% | $1.67T | +12.4% | +23.6% |
| SPYX SPDR S&P 500 Fossil Fuel Reserves Free ETF | 65% | 0.2% | $2.74B | +12.6% | +24.8% |
| IWL iShares Russell Top 200 ETF | 65% | 0.15% | $2.19B | +12.5% | +25.5% |
| USPX Franklin U.S. Equity Index ETF | 65% | 0.03% | $1.98B | +12.9% | +24.9% |
| BKLC BNY Mellon US Large Cap Core Equity ETF | 64% | 0% | $5.47B | +13.4% | +25.4% |
Questions investors ask
Is LGDX an index fund?
No. LGDX is actively managed. Intech Investment Management picks stocks mainly from the S&P 500 and sets their weights with a quantitative model that tries to balance risk and return across holdings, aiming to beat the index. It rebalances about once a week, which led to portfolio turnover of 117%. High turnover can mean higher trading costs and more short-term capital gains than a typical index fund produces.
What's the difference between LGDX and VOO?
VOO tracks the S&P 500 by company size and charges 0.03%. LGDX uses Intech's model to reweight mostly the same companies and charges 0.25%. About 66% of their holdings overlap. VOO is far larger, with about $1.67 trillion in net assets as of June 30, 2026, against $142 million for LGDX as of July 31, 2026. VOO's one-year price return was 12.4% through Oct. 30, 2026. LGDX's was 11.1% through Oct. 27, 2026.
Does LGDX pay dividends?
Yes, but only once a year, and the amounts are small. LGDX paid $0.12 per share over the trailing 12 months, a yield of 0.47% as of Oct. 27, 2026. That fits a fund whose largest holdings are technology companies such as NVIDIA, Apple and Microsoft, which pay little or no dividend. The fund's stated objective is long-term capital appreciation, not income.
How has LGDX performed over the long term?
According to its prospectus, LGDX returned 14.16% a year on average over the 10 years ending Dec. 31, 2025. It returned 13.73% a year over five years and 14.72% in 2025. It also had down years: it lost 7.42% in 2018 and 17.93% in 2022. Its worst quarter was a 19.87% drop in early 2020, and its strongest was a 21.4% gain in the following quarter. Past returns don't predict future results.
What are LGDX's top holdings?
As of July 31, 2026, LGDX's largest holdings were NVIDIA (8.4%), Apple (5.2%), Microsoft (4.8%), Alphabet (4.3% and 3.5% across two share classes), Broadcom (3.2%) and Amazon (2.9%). The fund held 278 stocks, and the top 10 made up about 38% of assets. Technology was the largest sector at 33.3%, followed by communication services at 10.5% and financials at 9.1%.