Key stats
About Leatherback Long/Short Alternative Yield ETF
Expense ratio
1.24%
Home page
Inception date
Nov 16, 2020
LBAY is the first ETF from Leatherback Asset Management. The fund will focus on providing monthly distributions to investors. Using a quantitative and fundamental approach, the funds adviser selects securities they feel offer attractive, sustainable yield through dividends, buybacks or debt reduction. Long positions may include US common stocks, preferred stocks, closed-end funds, REITs, MLPs, BDCs, or YieldCos. Short positions will be established in securities considered overvalued, situations where financial and accounting irregularities appear, or poor governance is discovered. The adviser also has discretion to sell covered calls against individual positions or the entire portfolio if the risk/return premiums appear favorable.
Classification
What's in the fund
Exposure type
Finance
Stocks121.86%
Finance14.98%
Health Technology9.45%
Consumer Services8.98%
Producer Manufacturing8.10%
Consumer Non-Durables7.08%
Non-Energy Minerals6.14%
Retail Trade6.09%
Process Industries5.94%
Technology Services5.51%
Commercial Services5.11%
Energy Minerals3.59%
Communications2.81%
Transportation2.81%
Utilities2.71%
Electronic Technology2.53%
Bonds, Cash & Other−21.86%
Mutual fund9.52%
Cash1.30%
Miscellaneous−32.68%
Displays a symbol's price movements over previous years to identify recurring trends.