At a glance
LRGC charges 0.39% a year, above the 0.27% average of the 8 funds most like it (the 6th cheapest of 9). It has $1.34B in assets, the 8th largest of that group; it paid 0.52% of its price in distributions over the past 12 months, annual. Over the past year it returned +10.5% with distributions reinvested (S&P 500: +11.5%), 5th of those 9 funds; over three years it returned +23.1% a year. Its ten largest positions make up 44.0% of the fund, out of 69 in all.
The short version
AB US Large Cap Strategic Equities ETF (LRGC) is an actively managed AllianceBernstein fund that held 69 large US company stocks as of August 31, 2026. A manager picks them using company research and quantitative screens. Its 0.39% expense ratio is above the 0.27% average for similar funds and far above SPDR Portfolio S&P 500 ETF's 0.02%. Through December 31, 2025, it slightly trailed the S&P 500 since its September 2023 launch.
Price history
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LRGC +10.5% 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 | |
|---|---|---|---|---|---|---|
| LRGC official prospectus, to Dec 31, 2025 | — | +16.21% | — | — | — | +21.96% |
| S And P500Index index, same period | — | +17.88% | — | — | — | +22.46% |
| LRGC price data to Oct 27, 2026 | +11.3% | +10.5% | +23.1% | — | — | +20.1% |
- Over the year to Oct 27, 2026, LRGC returned +10.5%, 5th of 9 among similar funds.
- Its worst full calendar year was 2025 (+16.2%); its best was 2024 (+24.9%).
- The deepest fall in its price history was 19.4% (Feb 19, 2025 to Apr 8, 2025), recovered by Jun 27, 2025.
Show as a table
| Year | Price data | Prospectus (official) |
|---|---|---|
| 2026 (to date) | +11.3% | — |
| 2025 | +16.2% | +16.21% |
| 2024 | +24.9% | +24.86% |
| 2008 financial crisis stocks fell Oct 9, 2007 – Mar 9, 2009 | Before this security existed |
|---|---|
| 2020 COVID crash stocks fell Feb 19, 2020 – Mar 23, 2020 | Before this security existed |
| 2022 bear market stocks fell Jan 3, 2022 – Oct 12, 2022 | Before this security existed |
Dividends and income
Show as a table
| Year | Per share | Change |
|---|---|---|
| 2025 | $0.4500 | +45.2% |
| 2024 | $0.3100 |
What's inside
As of Aug 31, 2026, the fund held 69 securities; the ten largest made up 43.98% of assets.
| Holding | Weight | |
|---|---|---|
| NVIDIA Corp | 8.25% | |
| Microsoft Corp | 6.56% | |
| Alphabet Inc | 5.94% | |
| Apple Inc | 5.45% | |
| Amazon.com Inc | 4.87% | |
| Visa Inc | 3.32% | |
| Broadcom Inc | 3.18% | |
| Meta Platforms Inc | 2.83% | |
| Charles Schwab Corp | 1.87% | |
| Bank of America Corp | 1.71% | |
| RTX Corp | 1.66% | |
| Walt Disney Co | 1.63% | |
| ExxonMobil Holdings Corp | 1.58% | |
| Cisco Systems Inc | 1.57% | |
| Applied Materials Inc | 1.55% |
By country
United States 90.52%Ireland 3.57%Netherlands 1.85%Taiwan 1.13%United Kingdom 0.77%By asset type
Stocks 99.07%By sector
Sectors of the companies held, for the 85.5% 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 Aug 31, 2026. Cash, money-market funds and derivatives are shown separately from the securities list.What changed recently
- Over the three months to Aug 31, 2026, investors added a net $54.1M (creations minus redemptions, per the N-PORT report).
- Monthly total returns reported for that quarter: -0.16%, +1.76%, +1.17%.
How it works
LRGC does not track an index. Its manager, AllianceBernstein, picks the stocks. At least 80% of net assets go into large US companies, meaning companies whose market value falls within the S&P 500's range. That range ran from about $5.6 billion to $4.5 trillion as of December 31, 2025. The fund normally buys only companies worth at least $5 billion. A company counts as American if it is organized in the US, trades mainly in the US, or does much of its business there. That is why about 3.6% of the fund sat in Ireland-based companies as of August 31, 2026. It can also hold some foreign and smaller companies.
The manager combines fundamental research, which means studying individual businesses, with quantitative models. The models score stocks on valuation, quality, investor behavior and corporate behavior. Corporate behavior means how a company uses its money: share buybacks, issuing new shares and managing its balance sheet. The prospectus does not set a fixed weighting formula or rebalancing schedule. Position sizes are the manager's call. Portfolio turnover was 21%.
The fund is "non-diversified," so it can put more money into fewer companies. As of August 31, 2026, the top ten holdings made up 44% of assets, led by NVIDIA (8.3%), Microsoft (6.6%) and Alphabet (5.9%). It is a plain stock fund, with no derivatives, options or leverage.
What it really costs
- LRGC charges 0.39% a year, versus an average of 0.27% for the similar funds below (6th of 9, cheapest first).
- Using the prospectus's standard example, $10,000 invested would cost about $40 in the first year and $493 over 10 years (assuming a 5% annual return).
| Cost of $10,000 (SEC example) | 1 yr | 3 yrs | 5 yrs | 10 yrs |
|---|---|---|---|---|
| LRGC | $40 | $125 | $219 | $493 |
In a retirement portfolio
It holds a broad set of large US stocks and has moved roughly in line with the market, with a one-year beta of 0.95, so it can serve as the US large-company stock part of a portfolio.
LRGC could fill the US large-company stock slot in a long-term portfolio. Its record is short, though. It launched in September 2023, so it missed the 2008, 2020 and 2022 downturns. Its deepest drop was 19.4%, from February 19 to April 8, 2025. It recovered by June 27, 2025, about 2.6 months later. Anyone forced to sell in April 2025 would have locked in a loss near that size, and a full bear market could be deeper and last longer. Even its weakest calendar year, 2025, returned 16.2%. Income is small: the yield was 0.52% as of October 27, 2026, paid once a year. Using the SEC's standard example, $10,000 invested would cost about $40 in fees in the first year and $493 over ten years. Past results don't predict future returns, and a retirement plan should look at the whole portfolio, not one fund.
Who it may suit — and who should look elsewhere
May suit
- Investors who want a manager to pick large US stocks, using research plus screens on valuation, quality and how companies use cash.
- Investors comfortable with concentration: 69 stocks as of August 31, 2026, with the top ten about 44% of assets and NVIDIA at 8.3%.
- Investors who don't need income from this holding, since it yielded 0.52% as of October 27, 2026 and pays once a year.
Look elsewhere if
- Cost-focused investors: SPDR Portfolio S&P 500 ETF charges 0.02% and Vanguard Mega Cap ETF 0.07%, compared with LRGC's 0.39%.
- Anyone who wants a long track record. Launched in September 2023, the fund has not yet been through a full bear market.
- Investors wary of tech exposure: about a third of the fund was in technology as of August 31, 2026, led by NVIDIA, Microsoft and Apple.
Close alternatives
Matched by holdings overlap from the latest N-PORT reports.
| Fund | Overlap | Cost | Net assets | 1 yr | 3 yr |
|---|---|---|---|---|---|
| LRGC this fund | — | 0.39% | $1.34B | +10.5% | +23.1% |
| MGC Vanguard Mega Cap ETF | 50% | 0.07% | $10.90B | +13.5% | +26.0% |
| LCF Touchstone US Large Cap Focused ETF | 50% | 0.56% | $64.7M | +8.2% | +20.5% |
| IWL iShares Russell Top 200 ETF | 47% | 0.15% | $2.19B | +12.5% | +25.5% |
| DYNF iShares U.S. Equity Factor Rotation Active … | 46% | 0.27% | $38.61B | +10.7% | +24.9% |
| TCHP T. Rowe Price Blue Chip Growth ETF | 45% | 0.57% | $2.16B | -1.2% | +23.5% |
| TMFC Motley Fool 100 Index ETF | 44% | 0.5% | $2.09B | +9.6% | +28.1% |
| SCHG Schwab U.S. Large-Cap Growth ETF | 44% | 0.04% | $63.03B | +2.2% | +23.0% |
Questions investors ask
Is LRGC an index fund?
No. LRGC is an actively managed ETF. AllianceBernstein's team picks stocks using company research and quantitative models that score valuation, quality, investor behavior and corporate behavior, such as share buybacks. The S&P 500 is used only as a benchmark and to define which companies count as large. The fund held 69 stocks as of August 31, 2026. The S&P 500 holds about 500.
What is the LRGC expense ratio?
LRGC's expense ratio is 0.39%, according to its prospectus filed March 27, 2026. That is above the 0.27% average for similar funds, and the fund ranks 6th of 9 on cost in its peer group. In the SEC's standard example, $10,000 earning 5% a year would cost about $40 in the first year, $219 over five years and $493 over ten years.
LRGC vs MGC: what's the difference?
Vanguard Mega Cap ETF (MGC) shares about half of LRGC's holdings but costs much less: 0.07% a year compared with 0.39%. LRGC is actively managed. As of October 27, 2026, MGC returned 13.5% over one year and 26% a year over three years. LRGC returned 10.5% and 23.1%. MGC is also much larger, with about $10.9 billion in net assets compared with LRGC's $1.34 billion.
Has LRGC beaten the S&P 500?
No, not through December 31, 2025, according to its prospectus. Over that one-year period, LRGC returned 16.21% compared with 17.88% for the S&P 500. Since its September 2023 launch, it returned 21.96% a year compared with the index's 22.46%. Its strongest quarter gained 12.01% (ended March 31, 2024), and its weakest lost 4.82% (ended March 31, 2025).
Does LRGC pay dividends?
Yes, but only once a year, and the payout is small. Over the twelve months to October 27, 2026, LRGC paid about $0.45 per share, a yield of 0.52%. That is typical of a fund heavy in large technology companies like NVIDIA, Microsoft and Alphabet, which pay small dividends or none. Investors looking for regular income may want to compare dividend-focused funds.