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
Health Technology
Finance
Process Industries
Consumer Services
Stocks121.74%
Health Technology15.07%
Finance14.54%
Process Industries11.29%
Consumer Services10.02%
Consumer Non-Durables6.58%
Commercial Services5.57%
Non-Energy Minerals4.95%
Producer Manufacturing4.42%
Technology Services4.24%
Energy Minerals4.10%
Utilities3.09%
Industrial Services2.92%
Electronic Technology2.89%
Transportation2.65%
Health Services1.57%
Bonds, Cash & Other−21.74%
Cash7.11%
Mutual fund0.80%
Miscellaneous−29.65%