First-Year Review
Liberty One's Spectrum ETF returned 6.4%, 8.9 percentage points behind an S&P 500 fund
Liberty One Spectrum ETF
$27.19+0.03 (+0.10%)
- 0.88%
- $68M
- +10.6%
- 0M sh
- $26.96
- low $24.93high $28.47
The ETF.net SPCT Grade
C
Score 41 out of 100
- 24 of 40
Score 41 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.F14 out of 100Rank 34 of 40Mission
Whether the fund did what it promised, tested against its stated mandate.C40 out of 100Rank 12 of 14Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.C44 out of 100Rank 24 of 38Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.B62 out of 100Rank 13 of 40Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.A84 out of 100Rank 2 of 40Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.C50 out of 100Rank 21 of 40
Our read on SPCT
CMost big dividend funds let the mega-caps run the show. Spectrum, launched in 2025, slices the U.S. market into twelve sector buckets (consumer food and retail get their own) and equal-weights blue-chip dividend payers inside them, with live managers making the calls.
SPCT seeks capital appreciation and current income. It is actively managed and invests mainly in dividend-paying large-capitalization U.S. common stocks across most U.S. equity sectors, generally with equal weighting.
Why people hold it
- Equal weighting applies to positions and sectors, so the largest holding carries roughly the same load as the smallest and no single name quietly becomes the whole thesis.libertyoneetf.comsec.gov
- The sector map runs finer than the usual industry split: twelve sectors and sub-sectors, with consumer food and retail broken out as their own sleeves alongside energy, utilities and the rest.sec.gov
- The adviser targets established large-cap leaders with a record of rising dividends and generally stays fully invested regardless of market conditions, so the work is stock selection, not market timing.sec.gov
- Small-shop strategy on institutional rails: Liberty One runs the money, Vident Asset Management sub-advises, and the fund is a series of Two Roads Shared Trust.sec.gov
Worth knowing
- The 0.88% expense ratio sits above the typical fund in its peer group. Active dividend selection is what the extra buys.
- Launched in 2025, so the live record is short, and payouts have followed no fixed monthly or quarterly calendar.
- It is a smaller, thinly traded fund, so bid-ask spreads can run wider than in the giants of the category.
SPCT Holdings
- Stocks
- 49
- 26%
- MSFT
Geography
- United States96.07%
- United Kingdom3.93%
SPCT Performance
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.Not enough history yet.Not enough history yet.
SPCT$11,056
Returns run to the Oct 12, 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.
| Period | SPCT |
|---|---|
| Year to date | +7.5% |
| 1 month | −0.4% |
| 3 months | −1.5% |
| 1 year | +10.6% |
| 3 years | — |
| 5 years | — |
| 10 years | — |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | SPCT |
|---|---|---|
| 2026 YTD | +7.5% | |
| 2025 | +1.4% |
SPCT in the news
First-Year Review
EASY's first year trailed the defensive index it names
SPCT Dividends
- $0.06 per share
- Monthly
Distribution data unavailable.
Distribution history
SPCT Risk
- —
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.
- —
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.
- −7.2%
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.
- 0.49
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
SPCT Cost
0.88%
SPCT0.88%
- The middle half of US Active Dividend Income funds
- Median 0.51%
33 of the 40 US Active Dividend Income funds charge less.
Other funds in US Active Dividend Income
- CFRIZFranklin Dividend Growth ETFExpense ratio 0.49%1 year return +9.7%
- CDIVLMadison Dividend Value ETFExpense ratio 0.65%1 year return +13.5%
- CDVVYInvesco Actively Managed Exchange-Traded Fund Trust - Invesco Diversified Dividend Opportunities ETFExpense ratio 0.33%1 year return —
- CGENDGenter Capital Dividend Income ETFExpense ratio 0.38%1 year return +21.0%
- CUDIUSCF Dividend Income ETFExpense ratio 0.65%1 year return +20.9%