# LeaderSharesTM AlphaFactor US Core Equity ETF (LSAF): ETF Facts & Distributions > Markdown mirror of https://www.dividenddata.com/funds/lsaf for AI agents. Same live data as the HTML page, regenerated on the same refresh cycle. Not investment advice. - Issuer: Leader Shares · Asset class: U.S. Equities - Strategy: Passive Index · Inception: 2018-10-01 Two Roads Shared Trust - LeaderShares AlphaFactor US Core Equity ETF is an exchange traded fund launched by Two Roads Shared Trust. The fund is managed by Redwood Investment Management, LLC. The fund invests in public equity markets of the United States. It invests in stocks of companies operating across diversified sectors. It invests in growth and value stocks of large-cap companies. The fund seeks to track the performance of the AlphaFactor US Core Equity Index, by using full replication technique. Two Roads Shared Trust - LeaderShares AlphaFactor US Core Equity ETF was formed on October... ## Key Facts | Metric | Value | |---|---| | Price | $56.58 | | Expense Ratio | 0.75% | | Assets Under Management | $132.3M | | NAV | $56.89 | | Holdings Count | 10 | | Distribution Yield (TTM) | 0.55% | | Annual Distribution (TTM) | $0.31 /share | | Distribution Frequency | Annual | | 52-Week Range | $42.47 – $57.31 | | Beta | 0.94 | ## Latest Distribution - Amount: $0.3091 /share - Ex-date: 2025-12-17 - Pay date: 2025-12-24 ## Frequently Asked Questions ### What does LSAF invest in? Two Roads Shared Trust - LeaderShares AlphaFactor US Core Equity ETF is an exchange traded fund launched by Two Roads Shared Trust. The fund is managed by Redwood Investment Management, LLC. The fund invests in public equity markets of the United States. It invests in stocks of companies operating across diversified sectors. It invests in growth and value stocks of large-cap companies. The fund seeks to track the performance of the AlphaFactor US Core Equity Index, by using full replication technique. Two Roads Shared Trust - LeaderShares AlphaFactor US Core Equity ETF was formed on October 1, 2018 and is domiciled in the United States. ### 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 $132.3M 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 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. ### Does LSAF pay a dividend? LeaderSharesTM AlphaFactor US Core Equity ETF (LSAF) currently distributes little or no income. Trailing-twelve-month yield is 0.55%. Investors looking for income should consider income-focused alternatives. See the Peers tab. ### How often does LSAF pay dividends? LeaderSharesTM AlphaFactor US Core Equity ETF pays dividends Annual. Each ex-dividend date, record date, and payment date is listed in the dividend history table on this page. ### What is LSAF's dividend yield? LSAF's trailing-twelve-month yield is 0.55%, calculated from the sum of dividends over the past year divided by the current price. ### When is LSAF's next ex-dividend date? The most recently announced ex-dividend date for LSAF was 2025-12-17. The next ex-date typically follows Annual; once announced it appears at the top of the dividend history table on this page. ### How much will LSAF's expense ratio cost me over 30 years? On a $10,000 investment compounding at 7% gross return, a 0.75% expense ratio quietly compounds against your balance every year. The Fee Compounding Forecast card above projects the dollar drag for any holding period and assumption you pick. The typical result for a 1.0% expense ratio on a 30-year hold is roughly 25% of the final balance lost to fees. ### How does LSAF charge its expense ratio? The expense ratio is deducted in tiny daily slices from LSAF's net asset value (NAV). You never see a bill. The price quoted on every exchange is already net of fees. There's no "fee day" to avoid; the cost is continuous and built into the trading price. ### Why does LSAF cost more than a fund like VOO? LSAF is a passive index fund (current expense ratio 0.75%). Differences from broad-market ETFs like VOO usually come from index licensing fees, asset class (bond funds typically run cheaper than equity), or fund scale (smaller funds spread fixed operating costs across less AUM). ### Are there cheaper alternatives to LSAF? The Lower-Fee Alternatives card above lists ETFs following the same investment strategy as LSAF (0.75%) but at a lower expense ratio. Each row shows the fee gap, the peer's AUM as a liquidity sanity-check, and a direct link to that fund's analysis page. Cheaper price doesn't automatically mean better. Verify the peer holds what you actually want. ## More on Dividend Data - Overview (HTML): https://www.dividenddata.com/funds/lsaf - Distribution history: https://www.dividenddata.com/funds/lsaf/dividend - Holdings & diversification: https://www.dividenddata.com/funds/lsaf/diversification - Fees & cheaper alternatives: https://www.dividenddata.com/funds/lsaf/expenses - Peer comparison: https://www.dividenddata.com/funds/lsaf/peers Data sourced from primary filings and market data providers; see https://www.dividenddata.com/methodology.