Leatherback Long/Short Alternative Yield ETF (LBAY)
The fund is an actively-managed ETF that seeks to achieve its investment objective by purchasing long positions in securities believed to provide sustainable shareholder yield (defined as dividends plus buybacks plus debt paydowns) and taking short positions in securities expected to decline in price. It will generally have net exposure of 75% - 110% long. 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. It is non-diversified.
$42.53M
Nov 17, 2020
18.30
$1.52
0.00
0.00
6.52%
0.00%
0.00
0.00
0.00
0.00
0.00%
0.00%
Sector weights (10)
Materials Select Sector SPDR Fund
XLB
9.83%
Energy Select Sector SPDR Fund
XLE
7.11%
Communication Services Select Sector SPDR Fund
XLC
5.71%
Technology Select Sector SPDR Fund
XLK
4.39%
Utilities Select Sector SPDR Fund
XLU
3.94%
Consumer Discretionary Select Sector SPDR Fund
XLY
23.19%
The Real Estate Select Sector SPDR Fund
XLRE
2.39%
Financial Select Sector SPDR Fund
XLF
17.4%
Health Care Select Sector SPDR Fund
XLV
14.44%
Industrial Select Sector SPDR Fund
XLI
11.61%
Sector weights (10)
Materials Select Sector SPDR Fund
XLB
9.83%
Energy Select Sector SPDR Fund
XLE
7.11%
Communication Services Select Sector SPDR Fund
XLC
5.71%
Technology Select Sector SPDR Fund
XLK
4.39%
Utilities Select Sector SPDR Fund
XLU
3.94%
Consumer Discretionary Select Sector SPDR Fund
XLY
23.19%
The Real Estate Select Sector SPDR Fund
XLRE
2.39%
Financial Select Sector SPDR Fund
XLF
17.4%
Health Care Select Sector SPDR Fund
XLV
14.44%
Industrial Select Sector SPDR Fund
XLI
11.61%