Rhea-AI Summary
Longnook ETF launched the Longnook Uncommon Compounders ETF (LUNC), an actively managed equity fund on the New York Stock Exchange. Founder and Chief Investment Officer David Daglio seeded the fund with personal capital, converting his own portfolio into its initial holdings.
The fund seeks long-term capital appreciation through an unconstrained global mandate and a concentrated portfolio of about 30 investments. Its process evaluates price, sustainable advantage, governance, balance sheet and risk. A proprietary AI tool supports investment decisions, while Daglio retains ultimate authority. The fund has an expense ratio of 0.75%, with Longnook serving as sub-adviser.
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