LeaderShares Equity Skew ETF
Data updated: 2025-09-26
C000218405 — LeaderShares Equity Skew ETF. United States Large Cap Blend / Core Equity · $57.66M AUM. Holdings, fees, performance and SEC filings.
C000218405 Fund Overview
LeaderShares Equity Skew ETF is a US ETF managed by Two Roads Shared Trust, categorised as United States Large 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 Large Cap Blend / Core Equity
- Assets under management: $57.66M
- 1-year return: 1.1%
- SEC CIK: 0001552947
- SEC series ID: S000068215
- Share class ID: C000218405
C000218405 Investment Objective and Strategy
LeaderShares Equity Skew 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 Equity Skew ETF (the Equity Skew 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 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. The Fund may have a higher degree of portfolio turnover than funds that seek to replicate the performance of an index.
The Fund may engage in active and frequent trading.
C000218405 Holdings
Top 10 holdings of LeaderShares Equity Skew ETF by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| Vanguard International Equity Index Funds | 19.66% |
| iShares Trust | 16.32% |
| SPDR Series Trust | 16.31% |
| SPDR Series Trust | 16.16% |
| SPDR Series Trust | 6.37% |
| iShares Trust | 6.37% |
| Microsoft Corp. | 1.73% |
| Apple Inc. | 1.53% |
| Bbh Sweep Vehicle | 0.89% |
| Amazon.com, Inc. | 0.83% |
C000218405 Portfolio Allocation
Asset-class allocation of LeaderShares Equity Skew ETF by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Equity | 99.1% |
| Cash & Equivalents | 0.9% |
C000218405 Performance
Total returns for C000218405 (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| 1 year | 1.1% |
| 3 years (annualised) | 4.0% |
| 5 years (annualised) | 6.2% |
C000218405 Risk Information
Risk metrics for C000218405, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 15.9%
C000218405 Costs and Fees
C000218405 costs about $84 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.84%
- Gross expense ratio: 0.84%
- Portfolio turnover: 190%
- Brokerage commissions: 7.77 bps of average net assets (SEC N-CEN)
C000218405 Cashflows
Over the 12 months to 2025-07, LeaderShares Equity Skew ETF had net outflows of $48.70M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2025-07 | −$18.30M |
| 2025-06 | $10.75M |
| 2025-05 | −$798.47K |
| 2025-04 | −$5.16M |
| 2025-03 | −$16.98M |
| 2025-02 | −$14.39K |
C000218405 Debt Constituents
No individual debt constituents are reported in LeaderShares Equity Skew ETF's latest SEC N-PORT filing.
C000218405 Prospectus and SEC Filings
Official LeaderShares Equity Skew 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 Large 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.