LeaderShares AlphaFactor Tactical Focused ETF
Data updated: 2026-09-28
C000218404 — LeaderShares AlphaFactor Tactical Focused ETF. United States Mid Cap Blend / Core Equity. Holdings, fees, performance and SEC filings.
C000218404 Fund Overview
LeaderShares AlphaFactor Tactical Focused 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: $63.59M
- 1-year return: 16.1%
- SEC CIK: 0001552947
- SEC series ID: S000068214
- Share class ID: C000218404
C000218404 Investment Objective and Strategy
LeaderShares AlphaFactor Tactical Focused 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 AlphaFactor Tactical Focused ETF (the ?Tactical 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 utilizes a quantitative factor-based investment methodology focused on U.S. equities. The Adviser selects stocks based on a number of characteristics that include, but are not limited to, net share count reduction, free cash flow growth, dividend yield, volatility and debt/asset ratios. The final selection of stocks is based on market characteristics including, but not limited to, liquidity and market capitalization. The Fund expects the average daily trading volume of shares in companies being selected to be in excess of 400,000 shares per day at the time of purchase, however average daily trading volume may change due to market fluctuations. In addition, the Fund expects the market capitalization of the companies in which it invests to be $1 billion and greater, however this could change due to market fluctuations.
The Fund will typically be invested in a diversified portfolio of equity securities of companies with market capitalizations of at least $1 billion at the time of initial purchase. The Adviser employs a multi-factor tactical risk management overlay that seeks to identify periods of above average risk. At times identified by the Adviser as above average risk, the Fund may exit positions in equity securities and become comprised primarily of money market instruments such as treasury bills, certificates of deposit and commercial paper and other short-term instruments, and money market funds, or U.S. government bonds. Such investments can either be direct or through investments in other investment companies, including ETFs. In identifying a time as above average risk, the Fund will consider multiple factors including negative market performance and negative market technical indicators such as advance versus decline breadth, as well as a proprietary set of supply and demand and economic factors.
The Fund may focus its investments in a particular sector, industry or group of industries. The Fund may engage in active and frequent trading.
C000218404 Holdings
Top 10 holdings of LeaderShares AlphaFactor Tactical Focused ETF by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| Morningstar, Inc. | 4.03% |
| Sm Energy Company | 3.97% |
| H & R Block, Inc. | 3.71% |
| Cf Industries Holdings, Inc. | 3.69% |
| Equitable Holdings, Inc. | 3.52% |
| Davita, Inc. | 3.52% |
| Fortinet, Inc. | 3.45% |
| Mgic Investment Corp. | 3.44% |
| Science Applications International Corp. | 3.44% |
| Halozyme Therapeutics, Inc. | 3.43% |
C000218404 Portfolio Allocation
Asset-class allocation of LeaderShares AlphaFactor Tactical Focused ETF by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Equity | 98.8% |
| Cash & Equivalents | 1.2% |
C000218404 Performance
Total returns for C000218404 (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| YTD | 16.8% |
| 1 year | 16.1% |
| 3 years (annualised) | 10.2% |
| 5 years (annualised) | 7.1% |
C000218404 Risk Information
Risk metrics for C000218404, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 11.1%
C000218404 Costs and Fees
C000218404 costs about $99 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.99%
- Gross expense ratio: 0.99%
- Portfolio turnover: 189%
- Brokerage commissions: 11.85 bps of average net assets (SEC N-CEN)
C000218404 Cashflows
Over the 12 months to 2026-07, LeaderShares AlphaFactor Tactical Focused ETF had net outflows of $40.33M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2026-07 | −$5.64M |
| 2026-06 | $4.49M |
| 2026-05 | $0 |
| 2026-04 | −$7.01M |
| 2026-03 | $3.88M |
| 2026-02 | $0 |
C000218404 Debt Constituents
No individual debt constituents are reported in LeaderShares AlphaFactor Tactical Focused ETF's latest SEC N-PORT filing.
C000218404 Prospectus and SEC Filings
Official LeaderShares AlphaFactor Tactical Focused ETF filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2026-02-27
- Prospectus supplement (497) — filed 2025-03-03
- Prospectus supplement (497) — filed 2024-04-10
- 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.