- What does SQEW invest in?
- The LeaderShares Equity Skew ETF (the “Equity Skew ETF” or the “Fund”) seeks to generate long-term capital growth. The Fund is an actively managed exchange traded fund (“ETF”) that normally invests at least 80% of its net assets, including any borrowings for investment purposes, in equity securities. The Fund defines equity securities to include investments in other investment companies, such as ETFs, that invest primarily in equity securities. The Fund employs a contrarian strategy seeking to buy underperforming asset classes and/or factors and sell outperforming asset classes and/or factors based on quantitative research. The primary equity style exposure and factors are large cap growth, large cap value, small cap growth, small cap value, and emerging market equities. The weightings to these equity style exposures represented by equity securities, are determined using proprietary quantitative methodologies that include statistical skew. Skew or skewness measures the asymmetry of a return distribution between different constituents in a group. Measuring the skewness allows the Adviser to take five groups of stocks (Large Cap Growth, Large Cap Value, Small Cap Growth, Small Cap Value and Emerging Markets) and determine the relative weightings of each of these five groups based on how recent returns of such group fits into its historical distribution of returns. This measure of skewness generally leads to security groups that have recently outperformed to have reduced exposure and security groups that have recently underperformed to have increased exposure at each re-balance. The Fund will invest in equity securities with a market capitalization of at least $1 billion.
- What is the expense ratio of SQEW?
- LeaderShares Equity Skew ETF (SQEW) charges an expense ratio of 0.75%. This is the annual fee deducted from fund assets to cover management and operations.
- How big is SQEW?
- LeaderShares Equity Skew ETF (SQEW) manages $15.9M 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 SQEW actively managed or an index fund?
- SQEW is actively managed — the manager selects holdings rather than tracking an index. Active funds typically charge higher expense ratios than index funds (SQEW's is 0.75%) in exchange for the discretion to over- or under-weight positions.
- When was SQEW launched?
- LeaderShares Equity Skew ETF (SQEW) launched in May 2020 and is managed by Leader Shares.
- How has SQEW performed?
- SQEW'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.
