LBAY

Fund Description
The Leatherback Long/Short Alternative Yield ETF (LBAY) is an actively managed exchange-traded fund that seeks income generation and capital appreciation through shareholder yielding equities and income producing securities. Leatherback establishes long positions in securities it believes will provide sustainable shareholder yield and takes short positions in securities it believes will decline in price. The Fund s long positions are generally expected to be comprised of equity securities or depositary receipts, although long positions may also include investment-grade corporate bonds and convertible bonds. The Fund s equity securities may include common stocks, preferred stocks, other ETFs, closed-end funds, business development companies ( BDCs ), master limited partnerships ( MLPs ), real estate investment trusts ( REITs ), and publicly traded companies that are formed to own operating assets that produce defined cash flows ( YieldCos ). Leatherback uses a quantitative and fundamental approach to identify companies it believes have the capacity to reward shareholders. The bias is towards dividend awards, which seeks to provide downside risk mitigation and are additive to total return.
Fund Profile
Fund Name Leatherback Long/Short Alternative Yield ETF
Fund Exchange Ticker LBAY
Fund Sponsor Leatherback Asset Management
Fund ISIN US8863648502
Net Expense Ratio 1.09 %
Fund Inception Date 16 November 2020
Fund Legal Structure ETF (Open end fund)
Exchange NYSE Arca
Listing Country Code US
Fund Investment Objective
ETF Type Specific Multi-Asset / Other
Asset Class Target Date / Multi-Asset
Index Linked Active
Index Name Not Applicable
Index Provider Not Applicable
Currency Hedged No
Inverse / Leveraged Not Applicable
Developed / Emerging Developed Market Funds
Key Statistics
Return As of Date 23 September 2021
Asset Under Management 5.83 Million (USD)
1 Month Total Return -1.42 %
Year To Date Return 14.26 %
1 Year Total Return
3 Year Annualized Total Return
NAV 23.3233
Share Outstanding 250,000
Top 10 Holdings (22 September 2021)
Constituent Name Constituent Ticker Constituent Type Weighting
BUNGE LIMITED BG EQUI 0.0537000000
Cash & Other CASH 0.0526000000
AGNC INVESTMENT CORP PREF 0.0510000000
EXXON MOBIL CORP XOM EQUI 0.0502000000
COMERICA INC CMA EQUI 0.0468000000
OLD REPUBLIC INTL CORP ORI EQUI 0.0437000000
NEWMONT CORP NEM EQUI 0.0417000000
CARRIER GLOBAL CORP CARR EQUI 0.0409000000
AMERICAN TOWER CORP AMT EQUI 0.0407000000
EPR PPTYS EPR EQUI 0.0395000000