ETF Edge

## New ETF Aims to Help Investors Dodge the Taxman

Here’s a breakdown of the upcoming Astoria U.S. Enhanced Core Equity ETF (LCOR) and its tax-saving strategy:

• **Tax-Efficient Focus:** Astoria Portfolio Advisors is launching LCOR, an ETF designed to help investors minimize capital gains taxes, especially in a market with significant stock gains.
• **Section 351 Exchange:** The fund will utilize a tax-mitigation strategy involving a Section 351 exchange (or conversion). This allows investors to transfer highly appreciated stock positions into the ETF without triggering immediate capital gains taxes.
• **Target Audience:** The fund is particularly relevant for investors with large gains in specific stocks, especially in the tech sector, where significant price appreciation can lead to hefty tax bills upon selling.
• **Big Tech Example:** The article highlights the potential tax implications of holding stocks like Nvidia and Microsoft, which have seen substantial gains.
• **ETF Advantage:** While ETFs are already known for their tax efficiency, LCOR aims to provide an additional layer of tax management for investors with concentrated stock holdings.

For more details, you can read the original article on CNBC’s website.