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ETFs

LeaderShares AlphaFactor US Core Equity ETF

LSAF
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Oct 2, 2018
Expense Ratio
0.75%
Type
US Equities
Fund Owner
LeaderShares
Volume (1m avg. daily)
$1,004,379
AUM
$164,320,000
Associated Index
AlphaFactor US Core Equity Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
Yes
Prospectus
View

Top 10 Holdings

CVX
Chevron Corp.
2.16%
MPC
Marathon Petroleum Corp
1.30%
DINO
HF Sinclair Corp.
1.29%
VST
Vistra Corp
1.26%
PSX
Phillips 66
1.24%
VLO
Valero Energy Corp.
1.23%
R
Ryder System, Inc.
1.22%
OVV
Ovintiv Inc
1.17%
APA
APA Corporation
1.16%
COP
Conoco Phillips
1.14%
Invest with LSAF

What is LSAF?

The LeaderShares AlphaFactor Core ETF seeks to passively replicate the Adviser s proprietary index, the AlphaFactor US Core Equity Index (the Index ). The Index utilizes a quantitative factor-based investment methodology focused on the largest 1,000 U.S. common stocks based on market capitalization. Companies within this group of top 1,000 market capitalization may be considered large or mid-cap companies. Due to future market fluctuations, the market capitalization 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, 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.

ETFs related toLSAF

ETFs correlated to LSAF include AVLV, PKW, SYLD

LSAF
Two Roads Shared Trust - LeaderShares AlphaFactor US Core Equity ETF
AVLV
American Century ETF Trust - Avantis U.S. Large Cap Value ETF
PKW
Invesco Capital Management LLC - Invesco BuyBack Achievers ETF
SYLD
Cambria Investment Management LP - Cambria Shareholder Yield ETF
VFQY
Vanguard Group, Inc. - Vanguard U.S. Quality Factor ETF
JHMM
John Hancock Investment Management LLC - John Hancock Multifactor Mid Cap ETF
FEX
First Trust Exchange-Traded Fund III - First Trust Large Cap Core AlphaDEX Fund
DFUV
Dimensional ETF Trust - Dimensional US Marketwide Value ETF
XMVM
Invesco Capital Management LLC - Invesco S&P MidCap Value with Momentum ETF
DFLV
Dimensional ETF Trust - Dimensional US Large Cap Value ETF
VFVA
Vanguard Group, Inc. - Vanguard U.S. Value Factor ETF

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

FAQ

LSAF is a US Equities ETF. The LeaderShares AlphaFactor Core ETF seeks to passively replicate the Adviser s proprietary index, the AlphaFactor US Core Equity Index (the Index ). The Index utilizes a quantitative factor-based investment methodology focused on the largest 1,000 U.S. common stocks based on market capitalization. Companies within this group of top 1,000 market capitalization may be considered large or mid-cap companies. Due to future market fluctuations, the market capitalization 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, 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.

LSAF tracks the AlphaFactor US Core Equity Index.

No, LSAF is not actively managed. It is passively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

Yes, LSAF is passively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on LSAF is -0.0059%. This is the percent change in the value of LSAF over the most recent 1-month period. The 3-month return on LSAF is 0.0353%. This is the percent change in the value of LSAF over the most recent 3-month period.

The standard deviation of LSAF for the past year is 0.1918%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to LSAF include VIXY, XYLD, and PTLC.

ETFs correlated to LSAF include AVLV, PKW, and SYLD.

ETFs that are inversely correlated to LSAF include TWM, TZA, and RWM.

Disclaimers

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We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.