Liberty One Defensive Dividend Growth ETF
Data updated: 2026-09-29
C000264087 — Liberty One Defensive Dividend Growth ETF. United States Large Cap Value Equity · $60.87M AUM. Holdings, fees, performance and SEC filings.
C000264087 Fund Overview
Liberty One Defensive Dividend Growth ETF is a US ETF managed by Two Roads Shared Trust, categorised as United States Large Cap Value 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 Value Equity
- Assets under management: $60.87M
- SEC CIK: 0001552947
- SEC series ID: S000095368
- Share class ID: C000264087
C000264087 Investment Objective and Strategy
Liberty One Defensive Dividend Growth ETF describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Two Roads Shared Trust.
Investment objective
The Liberty One Defensive Dividend Growth ETF (the Fund) Seeks capital appreciation and to provide current income. There is no guarantee that the Fund will achieve its investment objective.
Principal investment strategy
The Fund is an actively managed exchange-traded fund (ETF) that, under normal market conditions, invests at least 80% of its net assets (plus any borrowings for investment purposes) in a non-diversified portfolio of equity securities of companies that have a strong track record of paying a rising long-term dividend. These securities will typically, but not always be, companies that the Adviser believes are recession resistant, defensive in nature, and at the time of investment, have a strong track record of paying a rising long-term dividend income stream to investors. The Adviser considers a company to be recession resistant, if it has the potential to reduce long-term volatility within the Fund, has the potential to provide risk-adjusted returns in excess of its benchmark, and historically generates a long-term rising dividend income stream to investors.
The Advisers screening criteria relating to the Funds holdings may include, but are not limited to: a consistent and increasing dividend track record; an existing dividend policy that the Adviser deems sustainable for continued increases; moderate to low demand elasticity for the products and services that the business offers; below average volatility in revenue and earnings relative to the broader market; high revenue and earnings visibility, (for example, substantial recurring revenues with high switching costs); and lower sensitivity to fluctuations in the business cycle. Not all screening criteria must be met in order for a security to be included in the Fund. The Fund will invest mainly in the common stocks of large capitalization U.S. companies, with a focus on dividend-paying stocks that offer the potential for capital growth and also provide current income.
The Fund currently defines a large capitalization (large cap) company as one whose market capitalization is at least $5 billion and, at the time of purchase, is within the range of the market capitalizations of companies in the Russell 1000. The Russell 1000 is an unmanaged index that tracks the highest ranking 1,000 stocks of the Russell 3000. The Russell 1000 represents roughly 93% of the total market capitalization of the Russell 3000. The market capitalizations within the Russell 1000Index will vary, but as of June 25, 2025, they ranged from approximately $1.5 billion to $3.8 trillion. The Funds investments will be focused in what the Adviser believes to be, although there is no guarantee, recession resistant sectors and sub-sectors of the U.S. economy or operate what the Adviser believes to be a recession resistant business model.
As of the date of this Prospectus, such sectors currently include communication services, consumer food, consumer staples, healthcare, industrials, information technology, and utilities., The amount of the Funds assets invested at any given time in a particular sector will vary based on market conditions. Under certain circumstances, the Fund may be over-weighted in one or more sectors if the Adviser believes that different weightings are appropriate or because of market appreciation. The Adviser may also invest outside of sectors considered to be recession resistant if the Adviser deems a business model in a different sector is recession resistant. The Adviser generally uses a top-down approach when deciding sector allocations for the Fund, and a bottom-up approach when deciding the individual companies in which the Fund will invest.
The Adviser will evaluate which industries and sectors exhibit favorable characteristics in the current and forecasted economic environments when constructing the portfolio. The Funds portfolio components will be reviewed by the Adviser on a case-by-case basis to determine any changes to individual portfolio components and/or weights with the aim of enhancing the value of the Funds assets. When the Adviser, in its sole discretion, determines that a sector is not on a buy, the Fund will invest those assets in other types of investments, including cash and cash equivalents. The Fund is non-diversified and may invest a larger percentage of its assets in fewer issuers than diversified exchange-traded funds. The Funds sub-adviser, Vident Asset Management (the Sub-Adviser), will purchase or sell securities to implement the Advisers investment selections at a time determined appropriate by the Sub-Adviser and in accordance with, but not necessarily in the identical amounts as provided with the Advisers investment selections.
C000264087 Holdings
Top 10 holdings of Liberty One Defensive Dividend Growth ETF by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| Eli Lilly & Company | 5.92% |
| Casey's General Stores, Inc. | 5.77% |
| Unitedhealth Group, Inc. | 5.64% |
| Cardinal Health, Inc. | 5.59% |
| Johnson & Johnson | 5.28% |
| Coca-Cola Company (the) | 4.93% |
| Waste Management, Inc. | 4.84% |
| Chubb Ltd. (switzerland) | 4.78% |
| Mckesson Corp. | 4.41% |
| Microsoft Corp. | 4.10% |
C000264087 Portfolio Allocation
Asset-class allocation of Liberty One Defensive Dividend Growth ETF by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Equity | 99.3% |
| Cash & Equivalents | 0.8% |
C000264087 Performance
Total returns for C000264087 (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| YTD | 6.0% |
C000264087 Costs and Fees
C000264087 costs about $85 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.85%
- Gross expense ratio: 0.88%
C000264087 Cashflows
Over the 12 months to 2026-04, Liberty One Defensive Dividend Growth ETF had net inflows of $48.52M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2026-04 | $2.15M |
| 2026-03 | $7.97M |
| 2026-02 | $3.29M |
| 2026-01 | $6.98M |
| 2025-12 | $13.82M |
| 2025-11 | $8.41M |
C000264087 Debt Constituents
No individual debt constituents are reported in Liberty One Defensive Dividend Growth ETF's latest SEC N-PORT filing.
C000264087 Prospectus and SEC Filings
Official Liberty One Defensive Dividend Growth ETF filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
Related Funds
Other United States Large 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.