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About LeaderShares Activist Leaders ETF
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Inception date
Oct 27, 2020
Structure
Open-Ended Fund
Distributes
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Tax on distributions
Qualified dividends
Primary advisor
Redwood Investment Management LLC (California)
Distributor
Northern Lights Distributors LLC
ACTV aims to generate long-term capital growth by focusing on all-cap equity securities of companies whose shares have been acquired by individuals identified as Activist Leaders. The SEC requires anyone acquiring more than 5% of a companys shares, with activist intent, to file a Schedule 13D. The funds adviser applies a quantitative methodology to the 13D filings to identify and rate Activist Leaders based upon their effectiveness of achieving the stated objective and creation of positive returns in such positions. Once the Activist Leaders are selected, the funds adviser adds and removes constituents to the portfolio by following these investors activities through the 13D filings. The list of Activist Leaders will change over time. With this, ACTVs investors should anticipate frequent trading resulting in high portfolio turnover. In addition, the fund can become concentrated in a particular sector, industry or group.
Classification
What's in the fund
Exposure type
Technology Services
Finance
Consumer Services
Consumer Non-Durables
ETF
Stock breakdown by region
Displays a symbol's price movements over previous years to identify recurring trends.