Two Roads Shared Trust - LeaderShares AlphaFactor Tactical Focused ETF (LSAT)

Overview

The LeaderShares AlphaFactor Tactical Focused ETF (LSAT) is an actively managed ETF that seeks capital appreciation by tactically allocating its assets across different sectors and asset classes based on macroeconomic factors and quantitative analysis.

Reputation and Reliability

LeaderShares is a smaller ETF provider known for its thematic and tactical investment strategies. Their reputation is still developing as they gain more AUM.

Management Expertise

The management team utilizes quantitative models and economic analysis to make tactical asset allocation decisions, reflecting their expertise in active management.

Goal

LSAT aims for capital appreciation through active and tactical asset allocation.

Investment Approach and Strategy

Strategy: LSAT is actively managed and does not track a specific index. It uses a quantitative model to identify investment opportunities across different sectors and asset classes.

Composition LSAT's holdings include a mix of equity ETFs, fixed income ETFs, and potentially other asset classes, with the allocation varying based on the tactical model.

Market Share: Data not reliably available.

Total Net Assets (AUM):

Key Competitors

• SPDR Portfolio Tactical Allocation ETF (SPTA)
• AGFiQ US Market Neutral Anti-Beta ETF (BTAL)
• Cambria Global Tactical ETF (GTAA)

Competitive Landscape

The competitive landscape consists of other tactical allocation ETFs aiming to deliver risk-adjusted returns. LSAT faces competition from larger, more established funds like SPTA and GTAA. LSAT's potential advantages include its specific quantitative model and the management team's expertise. Disadvantages might include lower AUM and less established track record compared to competitors.

Historical Performance: Historical performance data is not reliably available.

Benchmark Comparison: A benchmark is difficult to define for tactical ETFs, as asset allocations change frequently. Performance should be assessed relative to its stated investment objectives.

Expense Ratio:

Average Trading Volume

Average trading volume is very low, indicating limited liquidity.

Bid-Ask Spread

The bid-ask spread can be wide due to low trading volume, increasing the cost of trading.

Market Environment Factors

LSAT's performance is influenced by macroeconomic factors, market volatility, and sector rotations. Economic growth, interest rate changes, and inflation can all impact the fund's tactical asset allocation decisions.

Growth Trajectory

The growth trajectory depends on the fund's ability to deliver consistent risk-adjusted returns through its tactical asset allocation strategy. Changes to the quantitative model or significant shifts in market conditions could also influence its growth.

Competitive Edge

LSAT's competitive advantage lies in its quantitative model and the management team's ability to effectively implement its tactical asset allocation strategy. The actively managed approach allows for flexibility in responding to changing market conditions. The fund's unique approach may appeal to investors seeking diversification and downside protection. However, actively managed ETFs require careful monitoring of the management team's performance and investment strategy. LSAT will appeal to those who want to invest in actively managed ETF and are seeking long-term growth and the ability to adapt.

Volatility

Volatility is dependent on the fund's asset allocation and market conditions. As a tactical fund, LSAT's volatility can change over time depending on its holdings.

Market Risk

LSAT is subject to market risk, including equity risk, fixed income risk, and sector-specific risks. Its performance is tied to the performance of the underlying assets it holds.

Ideal Investor Profile

The ideal investor is one seeking capital appreciation through tactical asset allocation and is comfortable with active management and potentially higher fees.

Market Risk

LSAT may be suitable for investors with a moderate to high risk tolerance who are seeking long-term growth and diversification.

The LeaderShares AlphaFactor Tactical Focused ETF (LSAT) is an actively managed ETF aiming for capital appreciation through tactical asset allocation. It utilizes a quantitative model and economic analysis to identify investment opportunities across different sectors and asset classes. The ETF's performance is dependent on the management team's ability to make effective tactical decisions. With very low trading volume and assets, it may not be the most efficient ETF for some investors. LSAT's low volume may be a warning for prospective investors.

Data Sources:

• ETF.com
• Morningstar
• Company Fact Sheet

Disclaimers:

The data provided is for informational purposes only and should not be considered investment advice. Investment decisions should be made based on individual circumstances and consultation with a qualified financial advisor.