Exchange Listed Funds Trust - LG Qraft AI-Powered U.S. Large Cap Core ETF
LQAI 35.17 Stock Price Exchange Listed Funds Trust - LG Qraft AI-Powered U.S. Large Cap Core ETF

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Range:26.101-34.776Vol Avg:281Last Div:0.22Changes:0.2
Beta:0.73Cap:0.00BCurrency:USDExchange:NYSE
Sector:Financial ServicesIPO:Tue Nov 07 2023Empoloyees:
CUSIP:CIK:ISIN:US30151E5666Country:US
LQAI launches through a partnership between the AI research division of LG, the South Korean company that makes TVs and home appliances, and Qraft Tech. The fund employs a proprietary artificial intelligence (AI) system for selection while maintaining oversight from the fund's adviser. The AI identifies patterns and creates a balanced exposure to the five factors influencing the US market: quality (profitability), size (market capitalization), value (price-to-book ratio), momentum, and volatility. The fund evaluates the impact of each factor on companies and selects the top 100 stocks based on the average distribution of each stock's relative superiority in price appreciation. These stocks are also poised to outperform their peers in the upcoming month. Due to the monthly updates to the database, LQAI is expected to trade securities frequently, potentially resulting in a high portfolio turnover. The Fund restricts single company weightings to 10% and securities with over 5% weighting to 40% of assets in aggregate. Although investments are heavily reliant on QRAFT AI recommendations, the adviser maintains the final decision-making authority in investment choices.

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