The LeaderShares® AlphaFactor® US Core Equity ETF seeks to passively replicate the Adviser’s proprietary index, the AlphaFactor® US Core Equity Index (the “Index”). The Index utilizes a quantitative factor-based investment methodology focused on the largest 1,000 U.S. common stocks based on market capitalization. Companies within this group of top 1,000 market capitalization may be considered large or mid-cap companies. Due to future market fluctuations, the market capitalization of this universe may be lower or higher at any given time. The methodology selects stocks based on a number of characteristics that include, but are not limited to, net share count reduction, free cash flow growth, dividend yield, volatility and debt/asset ratios. The final selection of stocks is based on market characteristics including, but not limited to, liquidity and market capitalization
- Seeks to track the performance of the Adviser’s proprietary index, The AlphaFactor® US Core Equity Index.
- A differentiated smart beta approach to U.S. equity exposure in today’s market environment.
- Seeks to hold a diversified portfolio of U.S. equity exposure focused on “liquidity theory” along with other quantitative factors that historical research has identified as attractive.
| Ticker | LSAF |
|---|---|
| Category | U.S. Equities |
| Primary Exchange | NYSE Arca |
| CUSIP | 90214Q774 |
| Gross Expense Ratio | 0.75% |
| Shares Outstanding | 3750000 |
| $ Total Net Assets | 159525284.32 |
| Days Traded At Premium |
Days Traded At Discount |
|
|---|---|---|
| Year 2023 | 52 | 154 |
| Q1 2024 | 9 | 43 |
| Q2 2024 | 14 | 43 |
| Q3 2024 | 20 | 35 |
| Name | Net Asset % |
|---|---|
| TARGA RESOURCES | 1.34 |
| EXELIXIS INC | 1.28 |
| VISTRA CORP | 1.25 |
| SYNCHRONY FINANC | 1.23 |
| UNUM GROUP | 1.18 |
| PLANET FITNESS-A | 1.16 |
| EXPEDIA GROUP IN | 1.15 |
| BOOKING HOLDINGS | 1.14 |
| CORPAY INC | 1.13 |
| NUTANIX INC - A | 1.11 |
1Market Price or Bid/Ask Midpoint as of market close.
2The median bid-ask spread is calculated by identifying the national best bid and national best offer ("NBBO") for each fund as of the end of each 10 second interval during each trading day of the last 30 calendar days and dividing the difference between each such bid and offer by the midpoint of the NBBO. The median of those values is identified and that value is expressed as a percentage rounded to the nearest hundredth.
3Holdings are subject to change. Holdings and percent of assets are based on security assets only, not including cash or receivables (unpaid interest and dividends).
ETF Prospectus Offering:
Before investing, consider the funds’ investment objectives, risks, charges and expenses. To obtain a prospectus which contains this and other information, call 888-617-1444, or visit www.leadersharesetfs.com. Read it carefully.
The LeaderShares® AlphaFactor® US Core Equity ETF is distributed by Northern Lights Distributors, LLC, member FINRA/SIPC. Redwood Investment Management, LLC is not affiliated with Northern Lights Distributors, LLC.
Important Risk Disclosure Information:
The LeaderShares® AlphaFactor® US Core Equity ETF is new with a limited history of operations for investors to evaluate. There is no guarantee that the Funds will achieve their objective, generate positive returns, or avoid losses.
ETF shares are not redeemable with the issuing fund other than in large Creation Unit aggregations. Instead, investors must buy or sell ETF Shares in the secondary market with the assistance of a stockbroker. In doing so, the investor may incur brokerage commissions and may pay more than net asset value when buying and receive less than net asset value when selling. The NAV of the Fund’s shares is calculated each day the national securities exchanges are open for trading as of the close of regular trading on the New York Stock Exchange (“NYSE”), normally 4:00 p.m. Eastern time (the “NAV Calculation Time”). Shares are bought and sold at market price (closing price) not NAV. Market price returns are based on the midpoint of the bid/ask spread at 4:00 pm Eastern Time (when NAV is normally determined).
An active secondary market for the Fund’s shares may not exist. Although the Fund’s shares will be listed on an exchange, subject to notice of issuance, it is possible that an active trading market may not develop or be maintained. There is no guarantee that distributions will be paid. Market Price returns are based upon the midpoint of the bid/ask spread at 4:00 p.m. ET when NAV is normally determined for most LeaderShares® Funds, and do not represent the returns you would receive if you traded shares at other times. Total Annual Fund Operating Expenses are 0.75%.
LeaderShares® is a registered trademark of Redwood Investment Management, LLC (“Adviser”).
3891-NLD-10/01/2018