SGI U.S. Large Cap Core ETF

SGI U.S. Large Cap Core ETF (SGLC) is an actively managed fund that picks large U.S. companies, mostly from the Russell 1000 and S&P 500 indexes. It is semi-transparent: it publishes a stand-in “proxy portfolio” instead of its daily holdings. Its 0.85% expense ratio is far above the 0.12% average of similar funds. Even so, its one-year return of 20.3% was the highest in that group as of October 27, 2026.

• Over the year to Oct 27, 2026, SGLC returned +20.3%, 1st of 9 among similar funds.
• Its worst full calendar year was 2025 (+17.3%); its best was 2024 (+20.2%).
• The deepest fall in its price history was 20.2% (Nov 27, 2024 to Apr 8, 2025), recovered by Jul 23, 2025.

As of Aug 31, 2026, the fund held 141 securities; the ten largest made up 39.73% of assets. It also reported 3.86% in a money-market fund, most likely cash collateral from lending out shares rather than uninvested money.

By sector

• Over the three months to Aug 31, 2026, investors added a net $10.2M (creations minus redemptions, per the N-PORT report).
• Monthly total returns reported for that quarter: -0.64%, +1.24%, +2.92%.

SGLC does not track an index. It is actively managed: Summit Global Investments, LLC picks the stocks. Normally at least 80% of net assets go into large companies, defined as those in the Russell 1000 or S&P 500 indexes. Most holdings are U.S. common stocks, though preferred stock, convertible securities, warrants and other ETFs are allowed.

The adviser favors companies with strengthening business metrics, such as earnings, debt and return on assets, and favorable scores on factors like earnings variability and price-to-book. It may sell or trim a stock when legal, governance, social or environmental risks rise, or its risk-return tradeoff worsens. The prospectus describes no weighting formula or rebalancing schedule. It reports turnover (roughly, the share of the portfolio replaced in a year) of 145% and calls 100% high. Frequent trading can add costs and taxable gains. As of August 31, 2026, NVIDIA, Apple and Microsoft led 141 holdings.

Unlike most ETFs, this semi-transparent fund does not publish holdings daily. It posts a “Proxy Portfolio,” which includes some real holdings, to help keep its share price near the value of its assets. The prospectus warns traders could use the proxy to anticipate the fund's trades, and the structure limits what the fund may buy. It may also lend securities for income.

• SGLC charges 0.85% a year, versus an average of 0.12% for the similar funds below (9th of 9, cheapest first).
• 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 holds a broad mix of large U.S. companies, but its high cost and short record make it worth weighing against low-cost index funds for that role.

SGLC could give a portfolio broad exposure to large U.S. stocks, chosen by an active manager that screens for risk. Its record is short. It launched on March 31, 2023, so it has no record from the 2008, 2020 or 2022 downturns. Its deepest drop was 20.2%, from November 27, 2024 to April 8, 2025. It got back to its earlier peak by July 23, 2025, about 3.5 months later. Both of its full calendar years were gains: 20.2% in 2024 and 17.3% in 2025. Someone who had to sell shares near the April 2025 low would have locked in losses, and a longer bear market could take far longer to recover from. Income is minor: the trailing yield was 0.2% as of October 27, 2026, paid once a year. Costs are high: about $87 in year one and $1,049 over ten years in the SEC's $10,000 example. 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.