Two Roads Shared Trust - LeaderShares Dynamic Yield ETF (DYLD)

ETF Two Roads Shared Trust - LeaderShares Dynamic Yield ETF: Summary

Profile:

• Focus: The ETF invests in high-yielding equity securities across various sectors.
• Asset allocation: 80-100% equities, 0-20% fixed income.
• Investment strategy: It utilizes a quantitative model to select stocks with high dividend yields and strong momentum characteristics.

Objective:

• The ETF seeks to provide investors with a high level of current income and capital appreciation.

Issuer:

• Two Roads Shared Trust: This is a relatively new ETF provider founded in 2022.
• Reputation and Reliability: The company has a limited track record, so its reputation and reliability are still under development.
• Management: The ETF is managed by a team of experienced portfolio managers with expertise in quantitative investing.

Market Share:

• The ETF has a relatively small market share in the high-yield equity sector.

Total Net Assets:

• As of November 6, 2023, the ETF has total net assets of $42.7 million.

Moat:

• Quantitative model: The ETF's quantitative model for selecting stocks may give it an edge over other high-yield ETFs.
• Diversification: The ETF's investment across various sectors helps reduce concentration risk.

Financial Performance:

• Since its inception in March 2023, the ETF has outperformed the S&P 500 Index.

Benchmark Comparison:

• The ETF's performance has been comparable to other high-yield equity ETFs.

Growth Trajectory:

• The ETF's growth trajectory is uncertain due to its limited track record.

Liquidity:

• Average Trading Volume: The ETF has a moderate average trading volume.
• Bid-Ask Spread: The ETF's bid-ask spread is relatively narrow.

Market Dynamics:

• Economic indicators: The ETF's performance may be affected by economic indicators such as interest rates and inflation.
• Sector growth prospects: The ETF's performance may be influenced by the growth prospects of the high-yield equity sector.
• Current market conditions: The ETF's performance may be impacted by current market volatility.

Competitors:

• SPDR S&P Dividend ETF (SDY)
• Vanguard High Dividend Yield ETF (VYM)
• iShares Core High Dividend ETF (HDV)

Expense Ratio:

• The ETF has an expense ratio of 0.65%.

Investment approach and strategy:

• Strategy: The ETF does not track a specific index. Instead, it actively selects stocks based on its quantitative model.
• Composition: The ETF primarily invests in US-listed equity securities with high dividend yields and strong momentum characteristics.

Key Points:

• High-yield equity ETF with a focus on income and capital appreciation.
• Utilizes a quantitative model for stock selection.
• Relatively new ETF with a limited track record.
• Competitive expense ratio.

Risks:

• Volatility: The ETF's high-yield focus may lead to higher volatility compared to the broader market.
• Market risk: The ETF's performance is influenced by the performance of the underlying high-yield equity market.

Who Should Consider Investing:

• Investors seeking high current income and potential capital appreciation.
• Investors who are comfortable with a higher level of risk.

Fundamental Rating Based on AI:

• 7: The ETF has a good combination of factors, including a strong investment strategy, moderate expense ratio, and promising performance. However, its limited track record and small market share present some uncertainty.

Resources and Disclaimers:

• Data sources: ETF.com, Yahoo Finance, Morningstar
• Disclaimer: This information is for educational purposes only and should not be considered investment advice. You should always consult with a qualified financial advisor before making any investment decisions.