LSAF — LeaderShares® AlphaFactor® US Core Equity ETF

LSAF Fund Overview

LSAF — LeaderShares® AlphaFactor® US Core Equity ETF is a US ETF managed by Investment Managers Series Trust II, categorised as 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: Investment Managers Series Trust II
• Category: Mid Cap Blend / Core Equity
• Ticker: LSAF
• SEC CIK: 0001587982
• SEC series ID: S000089063
• Share class ID: C000255538

LSAF Investment Objective and Strategy

LeaderShares® AlphaFactor® US Core Equity ETF describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Investment Managers Series Trust II.

Investment objective

The LeaderShares AlphaFactor US Core Equity ETF (the US Core Equity ETF or the Fund) seeks to provide investment results that correspond generally, before fees and expenses, to the performance of the AlphaFactor US Core Equity Index (the Index).

Principal investment strategy

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 U.S. common stocks included in the Index. The Index, which is a proprietary index of Redwood Investment Management, LLC, the Funds investment advisor (the Advisor), 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. Although the Index focuses on large -cap companies, the Index universe includes both large -and mid -cap companies as of the date of this Prospectus. As of February 3, 2025, the market capitalization range of this universe of companies was between $2.4 billion and over $3.68 trillion.

Due to future market fluctuations, the market capitalization range 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 -to-asset ratios. The final selection of stocks is based on market characteristics including, but not limited to, liquidity and market capitalization. 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 also invest up to 20% of its assets in exchange -traded funds (ETFs) which are not included in the Index, but which the Advisor believes will help the Fund track the performance of the Index.

As of December 31, 2024, the Index was comprised of common stock of 100 issuers. The Index is rebalanced to equal weight and reconstituted on a quarterly basis. At the time of each reconstitution of the Index, 100 companies are selected for inclusion in the Index and equally -weighted ( i.e. , each of the 100 companies receives a weight of 1%). The composition of the Index will change over time. Generally, the Index is comprised of 100 issuers however, the number of issuers contained in the Index may be adjusted by the Advisor. The Advisor uses Solactive, AG as its index calculation agent (the Calculation Agent), an organization that is independent of the Fund and the Advisor. The Advisor 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 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.

LSAF Costs and Fees

LSAF costs about $75 per $10,000 invested per year in fund expenses.

• Net expense ratio: 0.75%
• Gross expense ratio: 0.75%
• Portfolio turnover: 146%

LSAF Debt Constituents

No individual debt constituents are reported in LeaderShares® AlphaFactor® US Core Equity ETF's latest SEC N-PORT filing.

LSAF Prospectus and SEC Filings

Official LeaderShares® AlphaFactor® US Core Equity ETF filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.

• Prospectus (485BPOS) — filed 2025-03-20

Related Funds

Other Mid Cap Blend / Core Equity funds tracked on ABC INVEST:

• Harbor AlphaEdge Mid Cap Core ETF (AEMC)
• PGIM Jennison Small-Mid Cap Core Equity ETF (PJSM)

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.