ETF Evaluator:
Longnook Uncommon Compounders ETF (LUNC)
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(as of )
Best Performing in Global Large-Stock Value Over the Last Year
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Risk
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ETF Details
Longnook Uncommon Compounders ETF Overview
Longnook Uncommon Compounders ETF (LUNC) is an actively managed International Equity Global Large-Stock Value exchange-traded fund (ETF). Empower Funds launched the ETF in 2026.
The investment seeks to achieve long-term capital appreciation.
The fund is an actively managed exchange-traded fund (“ETF”) that principally invests in equity securities of companies around the world that the fund’s sub-adviser, Longnook ETF LLC (the “Sub-Adviser”), has identified as “Misclassified Compounders” — companies with characteristics of a durable, high-quality business that are priced by the market as though they are not. It is non-diversified.
About Longnook Uncommon Compounders ETF (LUNC)
There are 1 members of the management team with an average tenure of 0.01 years: David Daglio (2026). Management tenure is more important for actively managed ETFs than passive index ETFs.
Longnook Uncommon Compounders ETF has 28 securities in its portfolio. The top 10 holdings constitute 69.3% of the ETF’s assets. The ETF meets the SEC requirement of being classified as a nondiversified fund. The ETF is not considered to have an ESG focus with its investment selection and management.
Longnook Uncommon Compounders ETF is part of the Equity global asset class and is within the International Equity ETF group. Longnook Uncommon Compounders ETF has 39.2% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 60.7% There is 39.2% 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). Longnook Uncommon Compounders ETF has 0.1% of the portfolio in cash.
Assets Under Management
The fund has $32 million in total assets, which is below the $411 million average for the Global Large-Stock 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.
LUNC 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 Longnook Uncommon Compounders ETF expense ratio is above average compared to funds in the Global Large-Stock Value category. Longnook Uncommon Compounders ETF has an expense ratio of 0.75%, which is 18% 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. Longnook Uncommon Compounders 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 47% for the Global Large-Stock Value category.
Recently, in the month of September 2026, Longnook Uncommon Compounders ETF returned 0.0%, which earned it a grade of NA, as the Global Large-Stock Value category had an average return of -4.0%. 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.
Longnook Uncommon Compounders ETF has a trailing yield of 0.00%, which is below the 2.48% category average.
The fund normally distributes its income annually 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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LUNC 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 |
|
| LUNC Return (NAV) | na | na | na | na | na | na |
| LUNC Return (Price) | na | na | na | na | na | na |
| NAV +/- Price Return | na | na | na | na | na | na |
| Global Large-Stock Value Avg | -4.0% | 1.6% | 18.0% | 18.5% | 11.2% | 8.6% |
| LUNC Grade (NAV) | na | na | na | na | na | na |
| +/- Category (NAV) | na | na | na | na | na | na |
| LUNC Tax-Cost Ratio | na | na | na | na | na | na |
LUNC Annual NAV Total ReturnsData as of 9/30/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| LUNC Return (NAV) | na | na | na | na | na | na | na | na | na | na | na |
| LUNC 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 |
| Global Large-Stock Value Avg | 12.3% | 23.5% | 9.6% | 16.5% | -8.8% | 19.7% | 0.2% | 21.7% | -12.8% | 16.4% | 8.0% |
| LUNC 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: | $ 32 Mil |
| Share Class Assets: | $ 32 Mil |
| Turnover: | na |
| Expense Ratio: | 0.75% |
| Index Fund: | No |
| Index Tracked: | N/A |
| Index Weighting: | 100% |
| Leveraged: | No |
| Socially Responsible Fund: | No |
| Capital Gains Distribution Frequency: | Annually |
| Income Distribution Frequency: | Annually |
Management Team
| Number of Managers: 1 | |||
| Longest Tenure: 0.0 years | |||
| Average Tenure: 0.0 years | |||
| Managers (Year): Daglio David (2026) | |||
Portfolio Composition (as of 9/30/26)
| # of Holdings: | 28 |
| % in Top 10 Holdings: | 69.3% |
| Fund is Non-Diversified: | Yes |
| % in Foreign Issues: | 39.2% |
Portfolio Allocation |
|
| Domestic Stock: | 60.7% |
| Foreign Stock: | 39.2% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 0.1% |
Purchase Information
| Legal Structure: | Open Ended Investment Company |
| Fund Family: | Empower Funds |
| Phone Number: | 215-330-4476 |
| Website: | www.valueshares.com |
| Inception Date: | September 28, 2026 |
Expenses and Fees
| Expense Ratio (%): | 0.75% (Rating: Above Avg) |
| Category Average Expense Ratio (%): | 0.63% |
