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Trending ETFs

Leatherback Long/Short Alternative Yield ETF

etf
LBAY
Dividend policy
Active
Price as of:
$25.14 +0.18 +0%
primary theme
Long-Short Equity
LBAY (ETF)

Leatherback Long/Short Alternative Yield ETF

Dividend policy
Active
Price as of:
$25.14 +0.18 +0%
primary theme
Long-Short Equity
LBAY (ETF)
Leatherback Long/Short Alternative Yield ETF
Dividend policy
Active
Price as of:
$25.14 +0.18 +0%
primary theme
Long-Short Equity

LBAY - Snapshot

Vitals

  • YTD Return 20.6%
  • 3 Yr Annualized Return N/A
  • 5 Yr Annualized Return N/A
  • Net Assets $5.92 M
  • Holdings in Top 10 44.7%

52 WEEK LOW AND HIGH

$24.95
$19.82
$25.14

Expenses

OPERATING RELATED FEES

  • Expense Ratio N/A

SALES FEES

  • Front Load N/A
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover N/A

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) N/A
  • IRA N/A

Fund Classification

  • Primary Theme Long-Short Equity
  • Fund Type Exchange Traded Fund
  • Investment Style Long-Short Equity

Compare LBAY to Popular Long-Short Equity Funds

Overview

Next Dividend

Income Profile

Income Risk

Returns Profile

Allocations

Expenses

About

Dividend.com Ratings*

$8.86

+0.23%

$1.20 B

8.40%

$0.74

blocked
blocked
blocked

8.31%

1.28%

$12.23

+0.66%

$72.80 M

-

$0.00

blocked
blocked
blocked

2.95%

1.99%

$11.41

-0.09%

$70.68 M

8.26%

$0.94

blocked
blocked
blocked

0.88%

2.19%

$15.09

+1.41%

$42.32 M

0.00%

$0.00

blocked
blocked
blocked

-0.26%

0.80%

$12.57

+1.13%

$20.07 M

1.43%

$0.18

blocked
blocked
blocked

5.81%

1.13%

Compare LBAY to Popular Long-Short Equity ETFs

Overview

Next Dividend

Income Profile

Income Risk

Returns Profile

Allocations

Expenses

About

Dividend.com Ratings*

$35.60

-0.34%

$153.35 M

0.57%

$0.20

blocked
blocked
blocked

7.92%

0.39%

$36.42

+0.07%

$37.45 M

-

-

blocked
blocked
blocked

-1.83%

1.64%

$25.14

+0.74%

$5.92 M

1.20%

$0.30

blocked
blocked
blocked

20.63%

-

$24.88

-0.33%

$3.63 M

1.67%

$0.42

blocked
blocked
blocked

13.49%

6.30%

LBAY - Profile

Distributions

  • YTD Total Return 20.6%
  • 3 Yr Annualized Total Return N/A
  • 5 Yr Annualized Total Return N/A
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio N/A
DIVIDENDS
  • Dividend Yield 0.2%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Leatherback Long/Short Alternative Yield ETF
  • Fund Family Name
    Leatherback
  • Inception Date
    Nov 16, 2020
  • Shares Outstanding
    250000
  • Share Class
    N/A
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Michael Winter

Fund Description

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.


LBAY - Performance

Return Ranking - Trailing

Period LBAY Return Category Return Low Category Return High Rank in Category (%)
YTD 20.6% -18.7% 59.3% 9.22%
1 Yr N/A -13.7% 91.8% N/A
3 Yr N/A* -13.8% 23.5% N/A
5 Yr N/A* -5.0% 19.0% N/A
10 Yr N/A* -5.1% 10.1% N/A

* Annualized

Return Ranking - Calendar

Period LBAY Return Category Return Low Category Return High Rank in Category (%)
2020 N/A -47.6% 88.4% N/A
2019 N/A -20.3% 62.6% N/A
2018 N/A -53.1% 12.7% N/A
2017 N/A -67.1% 21.9% N/A
2016 N/A -17.3% 25.3% N/A

Total Return Ranking - Trailing

Period LBAY Return Category Return Low Category Return High Rank in Category (%)
YTD 20.6% -18.7% 59.3% 9.22%
1 Yr N/A -18.1% 91.8% N/A
3 Yr N/A* -14.9% 23.5% N/A
5 Yr N/A* -5.4% 19.0% N/A
10 Yr N/A* -5.1% 10.1% N/A

* Annualized

Total Return Ranking - Calendar

Period LBAY Return Category Return Low Category Return High Rank in Category (%)
2020 N/A -47.6% 88.4% N/A
2019 N/A -20.3% 62.6% N/A
2018 N/A -53.1% 12.7% N/A
2017 N/A -12.7% 24.8% N/A
2016 N/A -15.5% 25.3% N/A

LBAY - Holdings

Concentration Analysis

LBAY Category Low Category High LBAY % Rank
Net Assets 5.92 M 0 4.76 B 91.35%
Number of Holdings 57 1 3176 60.19%
Net Assets in Top 10 2.6 M -93.9 M 703 M 83.01%
Weighting of Top 10 44.68% 0.1% 100.0% 42.94%

Top 10 Holdings

  1. Bunge Ltd 5.53%
  2. AGNC Investment Corp FXDFR PRF PERPETUAL USD 25 Series F 4.79%
  3. Old Republic International Corp 4.60%
  4. Carrier Global Corp Ordinary Shares 4.55%
  5. Exxon Mobil Corp 4.52%
  6. Newmont Corp 4.43%
  7. PotlatchDeltic Corp 4.31%
  8. WisdomTree Investments Inc 4.13%
  9. Bristol-Myers Squibb Company 4.08%
  10. NextEra Energy Partners LP 4.06%

Asset Allocation

Weighting Return Low Return High LBAY % Rank
Stocks
89.70% -8.47% 153.48% 22.12%
Preferred Stocks
8.77% -0.01% 8.77% 0.49%
Cash
1.53% -140.68% 109.39% 83.01%
Other
0.00% -70.40% 42.04% 42.72%
Convertible Bonds
0.00% 0.00% 3.53% 30.58%
Bonds
0.00% -4.59% 152.17% 40.87%

Stock Sector Breakdown

Weighting Return Low Return High LBAY % Rank
Financial Services
24.41% 0.00% 75.98% 10.42%
Healthcare
13.85% 0.00% 97.32% 40.63%
Consumer Cyclical
12.05% 0.00% 77.75% 58.85%
Basic Materials
10.97% 0.00% 17.95% 3.65%
Real Estate
9.02% 0.00% 18.34% 2.60%
Consumer Defense
8.89% 0.00% 32.58% 27.60%
Industrials
6.63% 0.00% 37.08% 82.81%
Utilities
5.63% 0.00% 27.45% 11.46%
Communication Services
4.68% 0.00% 26.23% 80.73%
Energy
3.87% 0.00% 13.49% 16.67%
Technology
0.00% 0.00% 44.41% 97.40%

Stock Geographic Breakdown

Weighting Return Low Return High LBAY % Rank
US
85.35% -33.28% 150.78% 16.50%
Non US
4.35% -46.50% 86.98% 42.72%

LBAY - Expenses

Operational Fees

LBAY Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio N/A 0.39% 12.79% N/A
Management Fee 0.95% 0.00% 2.50% 28.71%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.03% 1.47% N/A

Sales Fees

LBAY Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 2.50% 5.75% N/A
Deferred Load N/A 1.00% 4.00% N/A

Trading Fees

LBAY Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.50% 2.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

LBAY Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover N/A 0.00% 498.00% N/A

LBAY - Distributions

Dividend Yield Analysis

LBAY Category Low Category High LBAY % Rank
Dividend Yield 0.24% 0.00% 1.79% 4.78%

Dividend Distribution Analysis

LBAY Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Annually Quarterly Annually

Net Income Ratio Analysis

LBAY Category Low Category High LBAY % Rank
Net Income Ratio N/A -2.70% 3.99% N/A

Capital Gain Distribution Analysis

LBAY Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually

Dividend Payout History

View More +

LBAY - Fund Manager Analysis

Managers

Michael Winter


Start Date

Tenure

Tenure Rank

Nov 16, 2020

0.45

0.5%

Michael J. Winter, CFA. Mr. Winter is a Principal and Portfolio Manager with the Advisor. Mr. Winter joined the previous investment advisor in January 2007 and serves as an investment professional. Prior to joining the General Partner of Otter Creek Management, Mr. Winter worked as a portfolio manager and analyst at Staghorn Capital Management, LLC, a long/short equity hedge fund, in Boston, Massachusetts from 2005 through 2006. From 2000 through 2003, Mr. Winter worked as an investment associate with Putnam Investment Management in Boston. While at Putnam, Mr. Winter analyzed both international and domestic equities in a variety of sectors including financial, transportation and consumer. Mr. Winter received his BS in Economics and Finance from Boston College in 2000 and earned an MBA from The University of Chicago Booth School of Business in 2005. While attending business school, Mr. Winter spent the summer of 2004 interning with the General Partner. Mr. Winter holds the Chartered Financial Analyst designation and is a member of the CFA Institute.

Charles Ragauss


Start Date

Tenure

Tenure Rank

Nov 16, 2020

0.45

0.5%

Mr. Ragauss currently serves as Director of Product Management at CSat Investment Advisory, having joined the it in April 2016. Prior to joiningCSat Investment Advisory, Mr. Ragauss was Assistant Vice President at Huntington National Bank (“Huntington”), where he was Product Manager for the Huntington Funds and Huntington Strategy Shares ETFs, a combined fund complex of almost $4 billion in assets under management. At Huntington, he led ETF development bringing to market some of the first actively managed ETFs. Mr. Ragauss joined Huntington in 2010. Mr. Ragauss attended Grand Valley State University where he received his Bachelor of Business Administration in Finance and International Business, as well as a minor in French. He is a member of both the National and West Michigan CFA societies and holds the CFA designation.

Michael Venuto


Start Date

Tenure

Tenure Rank

Nov 16, 2020

0.45

0.5%

Mr. Venuto is a co-founder and has been the Chief Investment Officer of the Toroso Investments, LLC since 2012. Mr. Venuto is an ETF industry veteran with over a decade of experience in the design and implementation of ETF-based investment strategies. Previously, he was Head of Investments at Global X Funds where he provided portfolio optimization services to institutional clients. Before that, he was Senior Vice President at Horizon Kinetics where his responsibilities included new business development, investment strategy and client and strategic initiatives.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.04 22.47 5.69 6.85