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LeaderSharesTM AlphaFactor US Core Equity ETF

LSAFNYSE ArcaLeader SharesC

$56.53+0.04 (+0.07%)

As of Oct 21, 2026, 10:09 AM ET

C45/ 100

Rank 74 of 99 in US Multifactor

C45/100Rank 74 of 99inUS Multifactor
Intraday session: up, 6 prints from 56.49 to 56.53. Range 56.49 to 56.53. Use the arrow keys to read each point.56.5056.5156.5210 AM12 PM2 PM4 PM
Expense ratio
0.75%
Fund size
$130M
1Y total return
+28.2%
Yield · Last 12 months
0.55%
Holdings
102
Avg volume · 30D
6.97K sh
NAV per share
$55.74
52W range
low $42.47high $56.56
Launched

The ETF.net LSAF Grade

C

Score 45 out of 100

Category
US Multifactor⁠
Rank
74 of 99
Six-pillar profile for LSAF. Scores out of 100: Cost 2, Risk 65, Mission 89, Tradability 31, Holdings 58, Durability 37. Strongest: Mission (89). Weakest: Cost (2). Leans toward Mission.

Score 45 of 100 falls in the C band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.

  • Cost

    The fund’s net expense ratio, ranked against its category.
    F2 out of 100
    Rank 97 of 99

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    A89 out of 100
    Rank 30 of 87

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    B65 out of 100
    Rank 24 of 98

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    D31 out of 100
    Rank 79 of 99

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    B58 out of 100
    Rank 46 of 98

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    D37 out of 100
    Rank 76 of 99

Our read on LSAF

ETF.net Research

In short

CA boutique multifactor take on US core equity: LSAF ranks American stocks with a published rulebook and has run live since 2018. The trade-off is price, at 0.75% in a corner of the market where the index giants charge pennies.

Stated mandate

The fund seeks to track the AlphaFactor US Core Equity Index before fees and expenses.

Why people hold it

  • Rules-based, not discretionary: a published multifactor ranking process selects the US stocks, inside a plain 1940 Act ETF wrapper.
  • Live since 2018, so the record covers real drawdowns and recoveries rather than a backtest.
  • Simple mandate to keep tabs on: US only, equity only, one index, one ticker.
  • Risk behavior is the stronger side of its profile relative to the multifactor group, even where cost lags.

Worth knowing

  • At 0.75% a year, it costs multiples of the category's heavyweights (VYM at 0.04%, FNDX at 0.25%), a gap you pay whatever the market does.
  • Thinly traded, so the spread on a single order can matter more to your cost than the headline fee.
  • Distributions arrive annually or semiannually, not monthly or quarterly.

LSAF Holdings

Holdings pillarB58 out of 100Rank 46 of 98 in US MultifactorAs of Oct 20, 2026
Asset class
Stocks
Holdings
102
Top-10 weight
12%
Largest holding
Bbh Sweep Vehicle1.8%

Sectors

  • Consumer Discretionary21.0%
  • Financials20.0%
  • Technology17.9%
  • Industrials11.5%
  • Health Care9.8%
  • Materials5.2%
  • Communication4.9%
  • Energy4.0%
  • Consumer Staples3.9%
  • Real Estate1.9%

Geography

  • United States100.00%
The fund’s holdings, weight-ordered — page 1 of 7.
#TickerCompanyWeight %SharesMarket valueHeld by ETFs
1—Bbh Sweep Vehicle1.82%2,359,348$2.36M51
2MPCMarathon Petrole1.12%3,061$1.45M410
3GWREGuidewire Softwa1.11%8,406$1.44M179
4ETSYEtsy Inc1.11%16,870$1.44M174
5—Atlassian Corp-A1.11%6,697$1.44M1
6MCKMckesson Corp1.10%1,416$1.43M363
7COPConocophillips1.09%9,743$1.42M437
8CARTMaplebear Inc1.09%28,214$1.41M217
9DINOHf Sinclair Corp1.09%11,305$1.41M246
10CHRDChord Energy Cor1.08%9,085$1.4M197
11PAYCPaycom Software1.08%5,546$1.4M199
12EOGEog Resources1.08%8,839$1.39M392
13—Cencora Inc1.06%4,037$1.37M1
14LYFTLyft Inc-A1.06%80,575$1.37M163
15EXEExpand Energy Co1.05%14,612$1.36M301

Showing 1–15 of 102 holdings

LSAF Performance

Launched Oct 1, 2018

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

Not enough history yet.
LSAF$12,824
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,580
Oct 20, 2025 to Oct 20, 2026. LSAF $12,824. SPY $11,580. Use the arrow keys to read each point.$10,000$11,000$12,000$13,000Oct 2025Apr 2026Oct 2026

Oct 20, 2025 – Oct 20, 2026

Returns run to the Oct 20, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.

Trailing total return for LSAF. Periods over one year show the average yearly return.
PeriodLSAF
Year to date+25.0%
1 month+3.4%
3 months+5.9%
1 year+28.2%
3 yearsper year+23.0%
5 yearsper year+11.5%
10 yearsFund is under 10 years oldper year—

As of the close, with distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for LSAF
YearReturn barLSAF
2026 YTD+25.0%
2025+12.0%
2024+18.1%
2023+15.5%
2022−13.1%
2021+22.8%
2020+6.9%

LSAF in the news

Filtered to LSAF · US Multifactor

LSAF Dividends

Adds up every distribution paid per share over the last 12 months, divided by the last completed close. Distributions are counted by ex-date. Data through Oct 20, 2026.
0.55%Last 12 months
Payout per share
$0.31Last 12 months
Last payment
$0.31 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Annual

Distribution history

2018–2026

One bar per payment. 20 payments from 2018 to 2026 YTD. Dec 27, 2018 $0.04; Mar 28, 2019 $0.05; Jun 25, 2019 $0.04; Sep 25, 2019 $0.04; Dec 20, 2019 $0.06; Mar 25, 2020 $0.04; Jun 25, 2020 $0.05; Sep 25, 2020 $0.03; Dec 21, 2020 $0.03; Mar 25, 2021 $0.02; Jun 25, 2021 $0.03; Sep 24, 2021 $0.02; Dec 21, 2021 $0.06; Mar 24, 2022 $0.05; Jun 23, 2022 $0.07; Sep 23, 2022 $0.07; Dec 21, 2022 $0.10; Dec 20, 2023 $0.29; Dec 20, 2024 $0.17; Dec 17, 2025 $0.31. Use the arrow keys to read each point.201820192020202120222023202420252026YTD
Ex-datePay dateAmount per share
Dec 17, 2025Dec 24, 2025$0.31
Dec 20, 2024Dec 26, 2024$0.17
Dec 20, 2023Dec 26, 2023$0.29
Dec 21, 2022Dec 28, 2022$0.10
Sep 23, 2022Sep 30, 2022$0.07
Jun 23, 2022Jun 30, 2022$0.07
Mar 24, 2022Mar 31, 2022$0.05
Dec 21, 2021Dec 28, 2021$0.06
Sep 24, 2021Sep 30, 2021$0.02
Jun 25, 2021Jul 1, 2021$0.03
Mar 25, 2021Mar 31, 2021$0.02
Dec 21, 2020Dec 28, 2020$0.03

LSAF Risk

Risk pillarB65 out of 100Rank 24 of 98 in US Multifactor
How much the fund’s monthly returns vary, scaled to a year.
14.2%
Annualised · 36 months to Sep 2026
How it’s calculated: standard deviation

The sample standard deviation of monthly total returns, multiplied by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.

Return above 3-month US Treasury bills per unit of volatility.
1.03
vs 3-month T-bills · to Sep 2026
How it’s calculated: Sharpe ratio

Subtract each month’s Treasury-bill return from the fund’s monthly total return.

Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.

The largest fall from a peak to the low that followed.
−24.9%
Trough Sep 2022
How it’s calculated: maximum drawdown

The largest percentage decline from an earlier peak, using total returns with reinvested distributions.

Uses up to five years through the last close, with at least 12 months required.

How strongly the fund’s returns move with its asset-class index.
0.94
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

LSAF Cost

Cost pillarF2 out of 100Rank 97 of 99 in US Multifactor
Expense ratio0.75%
  • Middle half of US Multifactor funds
  • Median 0.30%

96 of the 99 US Multifactor funds charge less.

LSAF costs $75.00 a year on $10,000. The median US Multifactor fund costs $30.00.

Other funds in US Multifactor

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