Key stats
About Leatherback Long/Short Alternative Yield ETF
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Inception date
Nov 16, 2020
Structure
Open-Ended Fund
Replication method
Physical
Dividend treatment
Distributes
Distribution tax treatment
Ordinary income
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
Tidal Investments LLC
Distributor
Foreside Fund Services LLC
ISIN
US8863648502
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
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
Finance
Non-Energy Minerals
Consumer Services
Stocks117.40%
Finance16.30%
Non-Energy Minerals11.36%
Consumer Services10.07%
Health Services6.97%
Consumer Non-Durables6.29%
Utilities5.84%
Energy Minerals5.80%
Retail Trade5.36%
Health Technology5.24%
Electronic Technology4.03%
Transportation2.97%
Technology Services2.51%
Producer Manufacturing2.41%
Consumer Durables2.18%
Process Industries1.91%
Industrial Services1.51%
Bonds, Cash & Other−17.40%
Corporate9.27%
Cash1.39%
Mutual fund1.30%
Miscellaneous−29.35%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
LBAY top holdings are Newmont Corporation and AGNC Investment Corp Depositary Shs Repr 1/1000th Cum Conv Red Perp Pfd Registered Shs Ser F, occupying 6.92% and 4.82% of the portfolio correspondingly.
LBAY last dividends amounted to 0.08 USD. The month before, the issuer paid 0.08 USD in dividends,
LBAY assets under management is 25.06 M USD. It's fallen 7.33% over the last month.
LBAY fund flows account for −12.36 M USD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
Yes, LBAY pays dividends to its holders with the dividend yield of 3.72%. The last dividend (Aug 27, 2025) amounted to 0.08 USD. The dividends are paid monthly.
LBAY shares are issued by Toroso Investments Topco LLC under the brand Leatherback. The ETF was launched on Nov 16, 2020, and its management style is Active.
LBAY expense ratio is 1.27% meaning you'd have to pay 1.27% of your investment to help manage the fund.
LBAY follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
LBAY invests in stocks.
LBAY price has fallen by −4.01% over the last month, and its yearly performance shows a −10.46% decrease. See more dynamics on LBAY price chart.
NAV returns, another gauge of an ETF dynamics, have fallen by −4.72% over the last month, showed a −0.07% decrease in three-month performance and has decreased by −7.70% in a year.
NAV returns, another gauge of an ETF dynamics, have fallen by −4.72% over the last month, showed a −0.07% decrease in three-month performance and has decreased by −7.70% in a year.
LBAY trades at a premium (0.09%) meaning the ETF is trading at a higher price than the calculated NAV.