# LeaderShares Equity Skew ETF (SQEW): ETF Facts & Distributions > Markdown mirror of https://www.dividenddata.com/funds/sqew 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: Actively Managed · Inception: 2020-05-12 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 facto... ## Key Facts | Metric | Value | |---|---| | Price | $35.24 | | Expense Ratio | 0.75% | | Assets Under Management | $15.9M | | NAV | $35.29 | | Holdings Count | 10 | | Distribution Yield (TTM) | — | | Annual Distribution (TTM) | — /share | | Distribution Frequency | Semi-Annual | | 52-Week Range | $27.15 – $38.94 | | Beta | 1.10 | ## Latest Distribution - Amount: $0.6890 /share - Ex-date: 2025-10-23 - Pay date: 2025-10-24 ## Frequently Asked Questions ### 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. ### Does SQEW pay a dividend? LeaderShares Equity Skew ETF (SQEW) currently distributes little or no income. Trailing-twelve-month yield is —. Investors looking for income should consider income-focused alternatives. See the Peers tab. ### How often does SQEW pay dividends? LeaderShares Equity Skew ETF pays dividends Semi-Annual. Each ex-dividend date, record date, and payment date is listed in the dividend history table on this page. ### What is SQEW's dividend yield? SQEW's trailing-twelve-month yield is —, calculated from the sum of dividends over the past year divided by the current price. ### When is SQEW's next ex-dividend date? The most recently announced ex-dividend date for SQEW was 2025-10-23. The next ex-date typically follows Semi-Annual; once announced it appears at the top of the dividend history table on this page. ### How much will SQEW'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 SQEW charge its expense ratio? The expense ratio is deducted in tiny daily slices from SQEW'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 SQEW cost more than a fund like VOO? SQEW is actively managed (current expense ratio 0.75%). Active funds charge more than passive index trackers in exchange for the manager's discretion to over- or under-weight positions. The Cost Verdict card above tells you whether SQEW's fee is competitive for the active-management cohort. ### Are there cheaper alternatives to SQEW? The Lower-Fee Alternatives card above lists ETFs following the same investment strategy as SQEW (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/sqew - Distribution history: https://www.dividenddata.com/funds/sqew/dividend - Holdings & diversification: https://www.dividenddata.com/funds/sqew/diversification - Fees & cheaper alternatives: https://www.dividenddata.com/funds/sqew/expenses - Peer comparison: https://www.dividenddata.com/funds/sqew/peers Data sourced from primary filings and market data providers; see https://www.dividenddata.com/methodology.