SQEW ETF Profile

Family:	LeaderShares
Name:	LeaderShares Equity Skew ETF

Inception Date:	12-May-2020
Termination Date:
Investment Objective:	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. 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.

Prospectus

Top 10 Holdings
	Top 10 Holdings Weight:

Number of Holdings:
Shares Outstanding:	2,775,000
Total Net Assets:	99,573,380
NAV:	35.95
Net Expense Ratio:	0.83%

Asset Class:	Hedge Fund Replication
Developed or Emerging:	Funds Combining Developed & Emerging Exposure
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Is Currency Hedged:	No
US or Ex-US:	Global