LeaderSharesTM AlphaFactor US Core Equity ETF

Frequently Asked Questions About LSAF

What does LSAF invest in?

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

What is the expense ratio of LSAF?

LeaderSharesTM AlphaFactor US Core Equity ETF (LSAF) charges an expense ratio of 0.75%. This is the annual fee deducted from fund assets to cover management and operations.

How big is LSAF?

LeaderSharesTM AlphaFactor US Core Equity ETF (LSAF) manages $118.0M 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 LSAF actively managed or an index fund?

LSAF is a passive index fund — it tracks a published benchmark by holding the constituents in their published weights. Index funds typically charge low expense ratios (LSAF's is 0.75%) because there's no security selection cost.

When was LSAF launched?

LeaderSharesTM AlphaFactor US Core Equity ETF (LSAF) launched in October 2018 and is managed by Leader Shares.

How has LSAF performed?

LSAF'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.