LeaderShares Activist Leaders ETF

Frequently Asked Questions About ACTV

What does ACTV invest in?

The LeaderShares Activist Leaders ETF seeks to generate long-term capital growth. The Fund is an actively managed exchange-traded fund (“ETF”) that employs an investment approach that focuses on equity securities that are the target of shareholder activism. These equity securities are identified using a proprietary quantitative methodology built on the foundation of tracking legally mandated filings known as "13D" filings that are submitted with the Securities and Exchange Commission (“SEC”). Rules adopted under the Securities Exchange Act of 1934 require a shareholder that acquires, with an activist intent, more than 5% of a company's shares to file a form with the SEC known as a Schedule 13D that discloses the investor's identity and the investor’s purpose in acquiring those shares.

What is the expense ratio of ACTV?

LeaderShares Activist Leaders ETF (ACTV) charges an expense ratio of 0.75%. This is the annual fee deducted from fund assets to cover management and operations.

How big is ACTV?

LeaderShares Activist Leaders ETF (ACTV) manages $8.3M in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure — funds below ~$50M are at higher risk of liquidation.

Is ACTV actively managed or an index fund?

ACTV is actively managed — the manager selects holdings rather than tracking an index. Active funds typically charge higher expense ratios than index funds (ACTV's is 0.75%) in exchange for the discretion to over- or under-weight positions.

When was ACTV launched?

LeaderShares Activist Leaders ETF (ACTV) launched in October 2020 and is managed by Leader Shares.

How has ACTV performed?

ACTV's total return — price change plus reinvested distributions — is charted at the top of this page. Switch the price chart to Total Return and pick a 1-year, 3-year, 5-year, or 10-year window to read the compound annual growth rate (CAGR) over each horizon.