LCR Fees and Costs — Leuthold Core ETF
Data updated: 2026-08-26
The net expense ratio is 0.83% (1.01% before fee waivers). There are no sales loads or redemption fees. In fiscal 2025 the fund paid $35K in broker commissions, 0.0459% of average net assets, and portfolio turnover was 57%.
LCR Fees and Expenses
Annual operating expenses and sales charges of LCR. Prospectus, as of January 31, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.50% |
| 12b-1 fee | — |
| Other expenses | 0.33% |
| Gross expense ratio | 1.01% |
| Fee waiver | −0.18% |
| Net expense ratio | 0.83% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | No |
LCR Costs Over Time
On $10,000 invested in LCR, assuming 5% a year before costs, total costs come to $549 over 5 years, cutting the return by 0.92% a year. Illustration, not a forecast: it assumes today's net expense ratio throughout (a fee waiver may end).
| $10,000 invested | Sell after 1 year | Sell after 3 years | Sell after 5 years |
|---|---|---|---|
| Value before costs | $10,500 | $11,576 | $12,763 |
| Fund expenses (net expense ratio 0.83%) | $87 | $272 | $473 |
| Trading costs (broker commissions) | $5 | $15 | $26 |
| Lost growth on money paid in costs | $0 | $14 | $50 |
| Total costs | $92 | $302 | $549 |
| Value after costs | $10,408 | $11,275 | $12,214 |
| Impact on return, per year | 0.92% | 0.92% | 0.92% |
LCR Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending September 30, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.0459%
- Total broker commissions: $35K
- Bought from dealers (principal trades, not a cost): $45.3M
- Portfolio turnover (prospectus): 57%
- Securities lending: none during the year
LCR Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Mischler Financial Group Inc. | $18K | 52.01% |
| Fidelity Brokerage Services LLC | $17K | 47.99% |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.