Meet TOT: The US Equity ETF That Won't Pay You Dividends, On Purpose

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LionShares introduced a new exchange-traded fund on Tuesday to address an ever-present investor pain point: tax drag on dividends.

Cost-sensitive investors are also considered in the pitch. The LionShares U.S. Equity Total Return ETF (NYSE:TOT) has a net expense ratio of 0.0749% following a contractual fee waiver (through September 2026). It aims to beat many actively managed competitors while solving a problem most index funds don’t address head-on.