Redwood LeaderShares AlphaFactor Core ETF
Data updated: 2026-09-28
C000200720 — Redwood LeaderShares AlphaFactor Core ETF. United States Mid Cap Blend / Core Equity · $121.59M AUM. Holdings, fees, performance and SEC filings.
C000200720 Fund Overview
Redwood LeaderShares AlphaFactor Core ETF is a US ETF managed by Two Roads Shared Trust, categorised as United States Mid Cap Blend / Core Equity. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US ETF
- Manager: Two Roads Shared Trust
- Category: United States Mid Cap Blend / Core Equity
- Assets under management: $121.59M
- 1-year return: 28.6%
- SEC CIK: 0001552947
- SEC series ID: S000061956
- Share class ID: C000200720
C000200720 Investment Objective and Strategy
Redwood LeaderShares AlphaFactor Core ETF describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Two Roads Shared Trust.
Investment objective
The Fund seeks to provide investment results that correspond generally, before fees and expenses, to the performance of the AlphaFactor US Core Equity Index.
Principal investment strategy
The Fund seeks to replicate the Advisers proprietary index, the AlphaFactor US Core Equity Index (the Index). The Index utilizes a quantitative rules-based investment methodology that applies a multi-factor ranking process and is 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. As of September 11, 2018, the market capitalization range of this universe of companies is between $2.776 billion and $1.081 trillion. 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, and debt/asset ratios.
The final selection of stocks is based on market characteristics including, but not limited to, liquidity and market capitalization. Under normal circumstances, at least 80% of the Funds net assets, including any borrowings for investment purposes, will be invested in a diversified portfolio of equity securities of U.S. common stocks included in the Index. The Fund may also invest up to 20% of its assets in certain equity options, index options, swap contracts or other derivatives, as related to its Index, as well as in securities and other instruments not included in its Index but which the Adviser believes will help the Fund track its Index. Federal law generally requires the Fund to segregate or earmark liquid assets or otherwise cover the marked-to-market exposure of its derivatives. As of June 29, 2018, the Index was comprised of one hundred issues.
It is rebalanced to equal weight and reconstituted on a quarterly basis. The composition of the Index will change over time. The Fund will use Solactive, AG as its index calculation agent (Calculation Agent), an organization that is independent of the Fund and the Adviser. The Adviser determines the composition and relative weightings of the securities in the Index and the Calculation Agent publishes information regarding the market value of the Index. The Fund uses a passive or indexing approach to attempt to approximate the investment performance of the Index by investing in a portfolio of securities that generally replicates the Index. The Fund may concentrate its investments in certain sectors, which may include the information technology sector, industrials sector, consumer discretionary sector, and financials sector, to the extent that the Index concentrates in such sectors.
C000200720 Holdings
Top 10 holdings of Redwood LeaderShares AlphaFactor Core ETF by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| Ringcentral, Inc. | 1.36% |
| Lithia Motors, Inc. | 1.29% |
| Marathon Petroleum Corp. | 1.16% |
| Iqvia Holdings, Inc. | 1.15% |
| Ameriprise Financial, Inc. | 1.14% |
| Dropbox, Inc. | 1.13% |
| Uipath, Inc. | 1.13% |
| Valero Energy Corp. | 1.12% |
| Sei Investments Company | 1.12% |
| Corpay, Inc. | 1.11% |
C000200720 Portfolio Allocation
Asset-class allocation of Redwood LeaderShares AlphaFactor Core ETF by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Equity | 99.0% |
| Cash & Equivalents | 1.0% |
C000200720 Performance
Total returns for C000200720 (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| YTD | 19.6% |
| 1 year | 28.6% |
| 3 years (annualised) | 18.6% |
| 5 years (annualised) | 10.9% |
C000200720 Risk Information
Risk metrics for C000200720, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 9.5%
C000200720 Costs and Fees
C000200720 costs about $75 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.75%
- Gross expense ratio: 0.75%
- Portfolio turnover: 159%
- Brokerage commissions: 6.00 bps of average net assets (SEC N-CEN)
C000200720 Cashflows
Over the 12 months to 2026-07, Redwood LeaderShares AlphaFactor Core ETF had net outflows of $39.85M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2026-07 | −$44.07M |
| 2026-06 | $42.76M |
| 2026-05 | −$1.21M |
| 2026-04 | −$29.87M |
| 2026-03 | $29.21M |
| 2026-02 | −$1.17M |
C000200720 Debt Constituents
No individual debt constituents are reported in Redwood LeaderShares AlphaFactor Core ETF's latest SEC N-PORT filing.
C000200720 Prospectus and SEC Filings
Official Redwood LeaderShares AlphaFactor Core ETF filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2026-02-27
- Prospectus (485BPOS) — filed 2025-02-28
- Prospectus supplement (497) — filed 2025-03-03
- Portfolio holdings (N-PORT) — filed 2026-09-28
- Portfolio holdings (N-PORT) — filed 2026-06-17
- Portfolio holdings (N-PORT) — filed 2026-03-27
- Annual census (N-CEN) — filed 2026-01-14
- Annual census (N-CEN) — filed 2025-01-14
Related Funds
Other United States Mid Cap Blend / Core 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.