LeaderShares Activist Leaders ETF
Data updated: 2025-09-26
C000218403 — LeaderShares Activist Leaders ETF. United States Small Cap Blend / Core Equity · $11.30M AUM. Holdings, fees, performance and SEC filings.
C000218403 Fund Overview
LeaderShares Activist Leaders ETF is a US ETF managed by Two Roads Shared Trust, categorised as United States Small 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 Small Cap Blend / Core Equity
- Assets under management: $11.30M
- 1-year return: -5.6%
- SEC CIK: 0001552947
- SEC series ID: S000068213
- Share class ID: C000218403
C000218403 Investment Objective and Strategy
LeaderShares Activist Leaders ETF describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Two Roads Shared Trust.
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. These equity securities are identified using a proprietary quantitative methodology built on the foundation of tracking l egally mandated filings known as 13D filings that are submitted with the Securities and Exchange Commission (SEC). Rules adopted under the Securities Exchange Act of 1934 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 the investors purpose in acquiring those shares. The Funds Adviser identifies Activist Leader investors utilizing a proprietary methodology based upon qualitative elements, including research into the effectiveness of activist investors achievement of stated objectives and creation of positive shareholder returns in positions that were the subject of a 13D filing by them.
Because the Advisers identification of Activist Leaders 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 focus its investments in a particular sector, industry or group of industries. The Fund may engage in active and frequent trading.
C000218403 Holdings
Top 10 holdings of LeaderShares Activist Leaders ETF by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| Vanguard Index Funds | 44.68% |
| Spdr S&P 500 Etf Trust | 26.73% |
| Restaurant Brands International Inc | 3.97% |
| Match Group Inc | 3.87% |
| Hrti LLC | 3.40% |
| Howard Hughes Holdings Inc. | 3.39% |
| Lamb Weston Holdings Inc | 3.21% |
| Rapid7 Inc. | 1.87% |
| Vestis Corp. | 1.48% |
| Bbh Sweep Vehicle | 1.23% |
C000218403 Portfolio Allocation
Asset-class allocation of LeaderShares Activist Leaders ETF by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Equity | 97.8% |
| Cash & Equivalents | 1.3% |
C000218403 Performance
Total returns for C000218403 (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| 1 year | -5.6% |
| 3 years (annualised) | 1.7% |
| 5 years (annualised) | 8.0% |
C000218403 Risk Information
Risk metrics for C000218403, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 13.2%
C000218403 Costs and Fees
C000218403 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%
- Brokerage commissions: 17.34 bps of average net assets (SEC N-CEN)
C000218403 Cashflows
Over the 12 months to 2025-07, LeaderShares Activist Leaders ETF had net outflows of $60.09M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2025-07 | −$4.87M |
| 2025-06 | −$781.93K |
| 2025-05 | −$768.05K |
| 2025-04 | −$11.79M |
| 2025-03 | −$32.72M |
| 2025-02 | $1.65K |
C000218403 Debt Constituents
No individual debt constituents are reported in LeaderShares Activist Leaders ETF's latest SEC N-PORT filing.
C000218403 Prospectus and SEC Filings
Official LeaderShares Activist Leaders ETF filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2025-02-28
- Prospectus supplement (497) — filed 2025-03-03
- Prospectus supplement (497) — filed 2024-04-10
- Portfolio holdings (N-PORT) — filed 2025-09-26
- Portfolio holdings (N-PORT) — filed 2025-06-18
- Portfolio holdings (N-PORT) — filed 2025-03-27
- Annual census (N-CEN) — filed 2025-01-14
- Annual census (N-CEN) — filed 2024-01-16
Related Funds
Other United States Small 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.