At a glance
TGLR charges 0.95% a year, above the 0.45% average of the 3 funds most like it (the most expensive of 4). It has $27.4M in assets, the 3rd largest of that group; it paid 1.05% of its price in distributions over the past 12 months, quarterly. Over the past year it returned +9.2% with distributions reinvested (S&P 500: +11.5%), the weakest of those 4 funds; over three years it returned +22.9% a year. Its ten largest positions make up 44.7% of the fund, out of 32 in all.
The short version
LAFFER TENGLER Equity Income ETF (TGLR) is an actively managed fund that typically holds 25 to 35 large US dividend payers, chosen when a stock's dividend yield looks high against its own history and the S&P 500. Its 0.95% annual fee is about double the 0.45% average of similar funds. Through October 27, 2026, its three-year return led that group, but its 12-month yield was a modest 1.05%.
Price history
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TGLR +9.2% 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 | |
|---|---|---|---|---|---|---|
| TGLR official prospectus, to Dec 31, 2024 | — | +18.66% | — | — | — | +16.02% |
| TGLR price data to Oct 27, 2026 | +9.4% | +9.2% | +22.9% | — | — | +17.2% |
- Over the year to Oct 27, 2026, TGLR returned +9.2%, 4th of 4 among similar funds.
- Its worst full calendar year was 2024 (+18.6%); its best was 2025 (+23.3%).
- The deepest fall in its price history was 19.8% (Feb 19, 2025 to Apr 8, 2025), recovered by Jun 24, 2025.
Show as a table
| Year | Price data | Prospectus (official) |
|---|---|---|
| 2026 (to date) | +9.4% | — |
| 2025 | +23.3% | — |
| 2024 | +18.6% | +18.66% |
| 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 |
|---|---|---|
| 2026 (to date) | $0.2330 | |
| 2025 | $0.4300 | +48.3% |
| 2024 | $0.2900 |
What's inside
As of Jan 31, 2026, the fund held 32 securities; the ten largest made up 44.7% of assets.
| Holding | Weight | |
|---|---|---|
| LAM RESEARCH CORPORATION | 5.85% | |
| THE GOLDMAN SACHS GROUP, INC. | 4.86% | |
| AMERICAN EXPRESS COMPANY | 4.80% | |
| WALMART INC. | 4.73% | |
| RTX CORPORATION | 4.50% | |
| JPMORGAN CHASE & CO. | 4.44% | |
| BROADCOM INC. | 4.24% | |
| ALPHABET INC. | 4.09% | |
| MICROSOFT CORPORATION | 3.81% | |
| ABBVIE INC. | 3.38% | |
| L3HARRIS TECHNOLOGIES, INC. | 3.30% | |
| ORACLE CORPORATION | 3.29% | |
| JOHNSON & JOHNSON | 3.21% | |
| APPLE INC. | 3.05% | |
| THE TJX COMPANIES, INC. | 2.88% |
By country
United States 94.98%Canada 2.04%Ireland 1.92%By asset type
Stocks 98.94%By sector
Sectors of the companies held, for the 92.1% 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 Jan 31, 2026. Cash, money-market funds and derivatives are shown separately from the securities list.What changed recently
- Over the three months to Jan 31, 2026, investors added a net $4.4M (creations minus redemptions, per the N-PORT report).
- Monthly total returns reported for that quarter: +1.64%, -0.73%, +4.29%.
How it works
TGLR does not track an index. Sub-adviser Laffer Tengler Investments picks large US stocks for adviser Tuttle Capital Management. Its main tool is Relative Dividend Yield: a stock's dividend yield (yearly dividends divided by share price) compared with its own history and with the S&P 500's yield. A high reading can flag a stock that is temporarily out of favor. A relative price-to-sales ratio, which weighs share price against revenue, is a secondary check.
Candidates then face a 12-factor review meant to weed out stocks that are cheap for good reason. It covers items such as revenue growth, cash flow, debt, management quality and whether profits cover the dividend. The fund typically holds 25 to 35 stocks. As of January 31, 2026, it held 32, led by Lam Research (5.9%), Goldman Sachs (4.9%) and American Express (4.8%).
A holding is flagged for exit mainly when its yield drops below the S&P 500's on a relative basis and sits one standard deviation (a measure of normal variation) from its long-run average. That is a sign it is no longer cheap. Turnover, the share of holdings replaced in a year, was a low 14.85% per the November 2025 prospectus. The fund is non-diversified, so single stocks can carry extra weight. It uses no leverage and held no derivatives as of January 31, 2026.
What it really costs
- TGLR charges 0.95% a year, versus an average of 0.45% for the similar funds below (4th of 4, cheapest first).
- Using the prospectus's standard example, $10,000 invested would cost about $97 in the first year and $1,166 over 10 years (assuming a 5% annual return).
| Cost of $10,000 (SEC example) | 1 yr | 3 yrs | 5 yrs | 10 yrs |
|---|---|---|---|---|
| TGLR | $97 | $303 | $525 | $1,166 |
In a retirement portfolio
With 32 stocks as of January 31, 2026, a non-diversified structure, a 0.95% fee and a record only back to August 2023, it fits better as a smaller active position beside broad funds than as a core or income holding.
TGLR could add an actively picked, valuation-driven slice of large US stocks. It launched in August 2023, so it has no record in the 2008 financial crisis, the 2020 COVID crash or the 2022 bear market. Its two full calendar years were gains: 18.66% in 2024 and 23.33% in 2025. Its deepest drop was 19.8%, from February 19 to April 8, 2025, and it took about 2.5 months to recover. Someone withdrawing money near that low would have locked in losses, and a longer bear market could hurt more.
Income is modest: dividends are paid quarterly, and the 12-month yield was 1.05% as of October 27, 2026. The 0.95% annual fee is nearly as large. In the SEC's standard $10,000 example, costs total $303 over three years and $1,166 over 10. Past results don't predict future ones, 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 an actively managed, valuation-driven mix of 25 to 35 large US stocks such as Lam Research, Goldman Sachs and Walmart.
- Long-term holders who prefer patience: turnover was 14.85% per the November 2025 prospectus, and managers aim to hold stocks until valuations normalize.
- Those wanting stock growth plus some quarterly income; its three-year return of 22.9% a year through October 27, 2026 topped three similar funds.
Look elsewhere if
- Cost-focused investors: the 0.95% annual fee is about double the 0.45% average of three similar funds, and the highest of the group.
- Investors who need sizable cash flow: the 12-month yield was 1.05% as of October 27, 2026, despite “Equity Income” in the fund's name.
- Those wanting broad diversification or a long track record: it is non-diversified, held 32 stocks as of January 31, 2026, and launched in August 2023.
Close alternatives
Matched by holdings overlap from the latest N-PORT reports.
Net assets from each fund's latest N-PORT or annual report where available. Returns through Oct 27, 2026.Questions investors ask
Is TGLR good for retirement income?
Only to a limited degree. TGLR's 12-month yield was 1.05% as of October 27, 2026, with dividends paid quarterly. The fund aims for an above-market dividend yield, but its 0.95% annual fee is nearly as large as that 1.05% yield. It may suit retirees who want stock growth with some dividends more than those who need sizable, regular cash flow. It launched in August 2023, so it has not been tested in a long bear market.
Does TGLR pay monthly dividends?
No. TGLR pays dividends quarterly, not monthly. Over the 12 months through October 27, 2026, it paid about $0.41 per share, a yield of 1.05%. Payouts depend mainly on dividends from holdings such as Walmart, JPMorgan Chase and AbbVie, so amounts can vary from quarter to quarter. Unlike funds that write options for extra income, it held no derivatives as of January 31, 2026.
What's the difference between TGLR and DIVO?
The main differences are cost, size and returns, though about 40% of their holdings overlap, based on the latest reports filed with the SEC. DIVO, the Amplify CWP Enhanced Dividend Income ETF, charges 0.56% a year versus TGLR's 0.95%. DIVO had about $7.2 billion in net assets as of June 30, 2026, against TGLR's $27.4 million as of January 31, 2026. Through October 27, 2026, TGLR returned more over three years (22.9% a year vs. 18.4%) but less over one year (9.2% vs. 12.2%).
What is TGLR's expense ratio?
TGLR's expense ratio, the yearly fee taken from fund assets, is 0.95%, per its prospectus filed November 26, 2025, and all of it is management fee. That is about double the 0.45% average of DIVO, DYLG and BGIG, three funds with overlapping holdings, and the highest of the group. In the SEC's standard example, $10,000 earning 5% a year would cost about $97 after one year, $525 after five and $1,166 after 10, if cashed out at the end.
What stocks are in TGLR?
As of January 31, 2026, TGLR held 32 stocks. The largest were Lam Research (5.9%), Goldman Sachs (4.9%), American Express (4.8%), Walmart (4.7%), RTX (4.5%) and JPMorgan Chase (4.4%). Broadcom, Alphabet, Microsoft and AbbVie completed the top 10, which made up 44.7% of assets. Technology was the biggest sector at about 25%, followed by industrials (14.7%) and financials (14.1%). About 95% was in US companies.