ETF Evaluator: NYLIM U.S. Large Cap R&D Leaders ETF () Follow This ETF

NYLIM U.S. Large Cap R&D Leaders ETF Overview

NYLIM U.S. Large Cap R&D Leaders ETF (LRND) is a passively managed U.S. Equity Large Growth exchange-traded fund (ETF). New York Life Investment Management LLC launched the ETF in 2022.

The investment seeks results that correspond generally to the price and yield performance of its underlying index, the NYLI U.S. Large Cap R&D Leaders Index. The index uses a screening process to exclude companies in sectors where R&D investments have historically had less impact on a company’s performance, and to identify companies that have exhibited a strong commitment for long term growth by reinvesting in R&D. The fund will, under normal circumstances, invest at least 80% of its assets in securities of U.S. large-capitalization issuers determined to be R&D Leaders. The fund is non-diversified.

About NYLIM U.S. Large Cap R&D Leaders ETF (LRND)

There are 2 members of the management team with an average tenure of 3.91 years: Greg Barrato (2022) and Francis Ok (2023). Management tenure is more important for actively managed ETFs than passive index ETFs.

The ETF has 2 primary benchmarks: Russell 3000 TR USD index with a weighting of 100% and NYLIM U.S. Large Cap R&D Leaders TR USD index with a weighting of 100%. NYLIM U.S. Large Cap R&D Leaders ETF has 111 securities in its portfolio. The top 10 holdings constitute 69.7% 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.

NYLIM U.S. Large Cap R&D Leaders ETF is part of the Equity global asset class and is within the U.S. Equity ETF group. NYLIM U.S. Large Cap R&D Leaders ETF has 0.5% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 99.4% There is 0.5% allocated to foreign stock, and 0.1% 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). NYLIM U.S. Large Cap R&D Leaders ETF has 0.0% of the portfolio in cash.

Assets Under Management

The fund has $421 million in total assets, which is below the $7 billion average for the Large Growth 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.

LRND 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 NYLIM U.S. Large Cap R&D Leaders ETF expense ratio is low compared to funds in the Large Growth category. NYLIM U.S. Large Cap R&D Leaders ETF has an expense ratio of 0.14%, which is 72% lower than its category average, making the fund expense ratio grade a A. 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. NYLIM U.S. Large Cap R&D Leaders ETF has a portfolio turnover rate of 46%, which indicates that it holds its assets around / 0.0 years. By way of comparison, the average portfolio turnover is 74% for the Large Growth category.

Recently, in the month of October 2026, NYLIM U.S. Large Cap R&D Leaders ETF returned -6.3%, which earned it a grade of D, as the Large Growth category had an average return of -5.0%. 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.

NYLIM U.S. Large Cap R&D Leaders ETF has a trailing yield of 0.34%, which is below the 0.43% 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.

NYLIM U.S. Large Cap R&D Leaders ETF Grades

Year to date, the ETF has returned 10.1%, 5.0 percentage points better than the category, which translates into a grade of B. The fund has returned 9.0% over the past year (grade of B) and 23.3% over the past three years (grade of C).

For more ETF grades, analysis and screening tools to help your investment discovery, join AAII for a $2, full-access trial. Learn more here: https://invest.aaii.com/membership.

Otherwise, for more information about NYLIM U.S. Large Cap R&D Leaders ETF, including its riskiness, submit your email to unlock the rest of the article.