DYLD – LeaderShares® Dynamic Yield ETF – ETF Investment Strategy | Morningstar

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Strategy

The investment seeks current income. The fund will be an actively managed ETF that normally invests, directly or indirectly, at least 80% of its net assets, including any borrowings for investment purposes, in a diversified portfolio of fixed income instruments. The principal investments of the fund include corporate bonds, U.S. government and agency securities, private debt, foreign sovereign bonds, convertible securities, bank loans, asset-backed securities, mortgage-backed securities, and cash equivalent instruments. The fund may invest in fixed income instruments with fixed or adjustable rates.

Ticker	Name	Share Class Type	Investment Status	Morningstar Rating for Funds Overall	Medalist Rating Overall	Inception Date	Total Net Assets for Share Class	Adjusted Expense Ratio	Fee Level Distribution	Minimum Initial Investment	1-Year Net Flow
DYLD	LeaderShares® Dynamic Yield ETF	ETF	Open			Jun 28, 2021	$36.36M	0.750%	—	—	−$11.42M

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