ETF Evaluator:
Lone Peak SMID Value ETF (LPSV)
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(as of )
Best Performing in Mid-Cap Value Over the Last Year
| 38.1% | VictoryShares Free Cash Flow ETF (VFLO) |
| 34.4% | ProShares Equities for Rising Rates ETF (EQRR) |
| 31.4% | Bushido Capital US SMID Cap Equity ETF (RNIN) |
| 31.0% | Bushido Capital US Equity ETF (SMRI) |
| 26.8% | Alpha Architect US Quantitative Val ETF (QVAL) |
Risk
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Risk
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ETF Details
Lone Peak SMID Value ETF Overview
Lone Peak SMID Value ETF (LPSV) is an actively managed U.S. Equity Mid-Cap Value exchange-traded fund (ETF). Lone Peak Global Investors launched the ETF in 2026.
The investment seeks to provide long-term capital appreciation.
The fund is an actively-managed exchange-traded fund (“ETF”) that, under normal market conditions, will invest at least 80% of its net assets (including amounts borrowed for investment purposes) in equity securities of U.S. small- and mid-cap value companies. It is non-diversified.
About Lone Peak SMID Value ETF (LPSV)
There are 2 members of the management team with an average tenure of 0.04 years: Ryan Batchelor (2026) and Roger Hill (2026). Management tenure is more important for actively managed ETFs than passive index ETFs.
Lone Peak SMID Value ETF has 26 securities in its portfolio. The top 10 holdings constitute 50.6% of the ETF’s assets. The ETF meets the SEC requirement of being classified as a nondiversified fund. The ETF is considered to have an ESG focus with its investment selection and management.
Lone Peak SMID Value ETF is part of the Equity global asset class and is within the U.S. Equity ETF group. Lone Peak SMID Value ETF has 0.0% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 98.3% There is 0.0% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). Lone Peak SMID Value ETF has 1.7% of the portfolio in cash.
Assets Under Management
The fund has $473 million in total assets, which is below the $2 billion average for the Mid-Cap Value category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
LPSV Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The Lone Peak SMID Value ETF expense ratio is above average compared to funds in the Mid-Cap Value category. Lone Peak SMID Value ETF has an expense ratio of 0.70%, which is 46% higher than its category average, making the fund expense ratio grade a F. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. Lone Peak SMID Value ETF has a portfolio turnover rate of 0%, which indicates that it holds its assets around /years. By way of comparison, the average portfolio turnover is 73% for the Mid-Cap Value category.
Recently, in the month of September 2026, Lone Peak SMID Value ETF returned 0.0%, which earned it a grade of NA, as the Mid-Cap Value category had an average return of -6.0%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all ETFs in that category.
Lone Peak SMID Value ETF has a trailing yield of 0.00%, which is below the 2.19% category average.
The fund normally distributes its income quarterly and its capital gains annually.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
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LPSV Trailing NAV Total Returns Data as of 9/30/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| LPSV Return (NAV) | na | na | na | na | na | na |
| LPSV Return (Price) | na | na | na | na | na | na |
| NAV +/- Price Return | na | na | na | na | na | na |
| Mid-Cap Value Avg | -6.0% | -0.5% | 13.0% | 14.9% | 9.5% | 10.3% |
| LPSV Grade (NAV) | na | na | na | na | na | na |
| +/- Category (NAV) | na | na | na | na | na | na |
| LPSV Tax-Cost Ratio | na | na | na | na | na | na |
LPSV Annual NAV Total ReturnsData as of 9/30/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| LPSV Return (NAV) | na | na | na | na | na | na | na | na | na | na | na |
| LPSV Return (Price) | na | na | na | na | na | na | na | na | na | na | na |
| NAV +/- Price Ret | na | na | na | na | na | na | na | na | na | na | na |
| Mid-Cap Value Avg | 11.0% | 10.4% | 12.1% | 13.1% | -5.6% | 31.7% | 0.8% | 25.3% | -10.4% | 15.2% | 20.3% |
| LPSV Grade (NAV) | na | na | na | na | na | na | na | na | na | na | na |
| +/- Category | na | na | na | na | na | na | na | na | na | na | na |
| Risk Measures | |
| Beta: | na |
| R-Squared: | na |
| Standard Deviation: | na |
| Category Risk Index: | na |
| Category Risk Rating: | |
| Total Risk Index: | na |
| Total Risk Rating: | |
| Portfolio Characteristics | |
| Yield: | -- |
| Total Assets: | $ 0 Mil |
| Share Class Assets: | $ 0 Mil |
| Turnover: | na |
| Expense Ratio: | 0.70% |
| Index Fund: | No |
| Index Tracked: | N/A |
| Index Weighting: | 100% |
| Leveraged: | No |
| Socially Responsible Fund: | Yes |
| Capital Gains Distribution Frequency: | Annually |
| Income Distribution Frequency: | Quarterly |
Management Team
| Number of Managers: 2 | |||
| Longest Tenure: 0.0 years | |||
| Average Tenure: 0.0 years | |||
| Managers (Year): Batchelor Ryan (2026), Hill Roger (2026) | |||
Portfolio Composition (as of 9/30/26)
| # of Holdings: | 26 |
| % in Top 10 Holdings: | 50.6% |
| Fund is Non-Diversified: | Yes |
| % in Foreign Issues: | 0.0% |
Portfolio Allocation |
|
| Domestic Stock: | 98.3% |
| Foreign Stock: | 0.0% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 1.7% |
Purchase Information
| Legal Structure: | Open Ended Investment Company |
| Fund Family: | Lone Peak Global Investors |
| Phone Number: | 800-811-3359 |
| Website: | |
| Inception Date: | September 14, 2026 |
Expenses and Fees
| Expense Ratio (%): | 0.70% (Rating: Above Avg) |
| Category Average Expense Ratio (%): | 0.48% |
