Advisors Series Trust - Logan Capital Broad Innovative Growth ETF (LCLG)

Overview

The Advisors Series Trust - Logan Capital Broad Innovative Growth ETF (IGRO) is an actively managed exchange-traded fund focused on identifying and investing in companies with significant potential for innovative growth. It targets disruptive technologies, emerging trends, and companies demonstrating strong competitive advantages in their respective sectors.

Reputation and Reliability

ETF Series Solutions acts as the administrator and distributor. Logan Capital Management serves as the investment advisor, bringing its expertise in active equity management. Logan Capital is known for its research-driven approach to identifying growth opportunities.

Management Expertise

Managed by Logan Capital Management, a firm with a history of active equity management, the ETF benefits from the experience of its portfolio managers who conduct in-depth fundamental analysis to select holdings.

Goal

The primary investment goal is to achieve capital appreciation by investing in a diversified portfolio of U.S. equity securities of companies that are believed to have above-average growth potential.

Investment Approach and Strategy

Strategy: This ETF is actively managed, meaning it does not track a specific index. The strategy involves selecting individual securities based on fundamental analysis, focusing on companies that exhibit innovative characteristics and strong growth prospects.

Composition The ETF primarily holds common stocks of U.S. companies across various market capitalizations, with a significant focus on sectors poised for innovation and technological advancement.

Market Share: N/A

Total Net Assets (AUM): 133.739437

Key Competitors

• ARK Innovation ETF (ARKK)
• Invesco QQQ Trust (QQQ)
• Vanguard Growth ETF (VUG)

Competitive Landscape

The actively managed innovative growth ETF space is highly competitive, with established players like ARK Invest dominating market share. IGRO's advantage lies in its concentrated, research-driven approach by Logan Capital. However, it faces challenges in competing with the scale and brand recognition of larger, passively managed growth ETFs and more established actively managed counterparts.

Historical Performance: [object Object],[object Object],[object Object]

Benchmark Comparison: Performance relative to a specific benchmark is not readily available as this is an actively managed ETF. Its performance is evaluated against its investment objective and peer group.

Expense Ratio: 0.75

Average Trading Volume

The ETF exhibits moderate average trading volume, suggesting reasonable liquidity for most investors.

Bid-Ask Spread

The bid-ask spread is typically competitive for an actively managed ETF of its size, reflecting efficient market pricing.

Market Environment Factors

The ETF is sensitive to macroeconomic trends, interest rate policies, and investor sentiment towards growth stocks. Technological advancements, regulatory changes, and competition within disruptive industries are key factors affecting its performance.

Growth Trajectory

The ETF's growth trajectory is tied to its ability to consistently identify and capitalize on emerging innovative companies. Changes in strategy would likely involve portfolio rebalancing based on evolving market opportunities and risk assessments by Logan Capital.

Competitive Edge

The ETF's competitive edge stems from Logan Capital's active management expertise and a focused, research-intensive approach to identifying disruptive growth companies. Its ability to pivot and adapt its holdings based on proprietary research offers potential for alpha generation, differentiating it from passive index funds. The concentrated portfolio aims to maximize the impact of successful stock selections.

Volatility

The ETF exhibits higher historical volatility compared to broader market indices, characteristic of growth-oriented and actively managed funds investing in innovative companies.

Market Risk

Key market risks include sector-specific downturns in technology or innovation-driven industries, increased competition, changes in consumer preferences, and potential underperformance of individual growth stocks in the portfolio.

Ideal Investor Profile

The ideal investor is one seeking capital appreciation and comfortable with higher volatility. They should have a long-term investment horizon and believe in the potential of innovative companies to drive future growth. Understanding and tolerance for active management risk are crucial.

Market Risk

This ETF is generally best suited for long-term investors with a growth-oriented strategy who are willing to accept the higher risk and potential reward associated with actively managed innovative companies. It is less suitable for risk-averse investors or those seeking purely passive index exposure.

The Advisors Series Trust - Logan Capital Broad Innovative Growth ETF (IGRO) is an actively managed fund aiming for capital appreciation through investments in innovative growth companies. Managed by Logan Capital, it focuses on proprietary research to identify disruptive potential. While offering potential for high returns, it carries higher volatility and market risks typical of growth-focused strategies, making it suitable for long-term investors with a higher risk tolerance.

Data Sources:

• ETF Fund Data Providers (e.g., ETF.com, Morningstar)
• Issuer Filings and Prospectus
• Financial News and Analysis Websites

Disclaimers:

This analysis is based on publicly available data and should not be considered investment advice. Past performance is not indicative of future results. Investors should conduct their own due diligence and consult with a financial advisor before making investment decisions.