ACTV — LeaderShares® Activist Leaders® ETF

Data updated: 2025-03-20

ACTV — LeaderShares® Activist Leaders® ETF. Small Cap Value Equity · 0.75% expense ratio. Holdings, fees, performance and SEC filings.

ACTV Fund Overview

ACTV — LeaderShares® Activist Leaders® ETF is a US ETF managed by Investment Managers Series Trust II, categorised as Small Cap Value Equity. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.

ACTV Investment Objective and Strategy

LeaderShares® Activist Leaders® ETF describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Investment Managers Series Trust II.

Investment objective

The LeaderShares Activist Leaders ETF (the Activist Leaders ETF or the Fund) seeks to generate long -term capital growth.

Principal investment strategy

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. The types of equity securities the Fund invests in include common and preferred stock. These equity securities are identified using a proprietary quantitative methodology that begins with tracking Schedule 13D filings, which are submitted with the Securities and Exchange Commission (SEC). Rules adopted under the Securities Exchange Act of 1934, as amended (the Exchange Act), require a shareholder that acquires, with an activist intent, more than 5% of a companys shares, to file a form with the SEC known as a Schedule 13D that discloses the investors identity and purpose in acquiring those shares. The Funds investment advisor, Redwood Investment Management, LLC (the Advisor), identifies Activist Leaders investors utilizing a proprietary methodology based upon qualitative elements, including the effectiveness of activist investors achievement of stated objectives and positive shareholder returns in positions that were disclosed in Schedule 13D filings.

In evaluating an activist investors achievement of stated objectives, the Advisor considers factors such as, for example, whether the target company has improved operations and/or corporate governance practices, the activist investor has attained seats on the target company board, or the target company has spun -off an operating division or sold a significant amount of its assets. The Advisor evaluates activist investors achievement of stated objectives because the Advisor believes that activist investors that regularly achieve their stated objectives tend to create positive shareholder returns in the companies that are the target of their shareholder activism. The Advisor looks for Activist Leaders investors with: (i) at least 85 Schedule 13D filings, a majority of which have an activism mandate; (ii) 30 or more Schedule 13D filings after 2018; and (iii) a minimum of five Schedule 13D filings per year.

An Activist Leaders investor will be removed from the group if its assets under management drops below $500 million or if such Activist Leaders investor had no Schedule 13D filings within the last calendar year. Because the Advisors identification of activist investors is based on ongoing research, the list of Activist Leaders investors may change over time. The Fund will be invested in equity securities of companies listed on a U.S. exchange with market capitalizations of at least $1 billion at the time of initial purchase. The Fund may, from time to time, focus its investments in a particular sector (including the information technology sector), industry or group of industries. The Fund may engage in active and frequent trading.

ACTV Costs and Fees

ACTV costs about $75 per $10,000 invested per year in fund expenses.

  • Net expense ratio: 0.75%
  • Gross expense ratio: 0.75%
  • Portfolio turnover: 90%

ACTV Debt Constituents

No individual debt constituents are reported in LeaderShares® Activist Leaders® ETF's latest SEC N-PORT filing.

ACTV Prospectus and SEC Filings

Official LeaderShares® Activist Leaders® ETF filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.

Related Funds

Other Small Cap Value Equity funds tracked on ABC INVEST:

Data Sources

ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.