LBAY
Leatherback Long/Short Alternative Yield ETFLBAY Fund Description
LBAY is actively managed, seeking to provide monthly income and capital appreciation. The portfolio will generally be 75% - 110% net long. Long positions will focus on providing shareholder yield and short those expected to decline.
LBAY Factset Analytics Insight
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 fund’s 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.
LBAY MSCI ESG Analytics Insight
Leatherback Long/Short Alternative Yield ETF has an MSCI ESG Fund Rating of AA based on a score of 7.28 out of 10. The MSCI ESG Fund Rating measures the resiliency of portfolios to long-term risks and opportunities arising from environmental, social, and governance factors. ESG Fund Ratings range from best (AAA) to worst (CCC). Highly rated funds consist of companies that tend to show strong and/or improving management of financially relevant environmental, social and governance issues. These companies may be more resilient to disruptions arising from ESG events.
The fund’s Peer Rank reflects the ranking of a fund’s MSCI ESG Fund Quality Score against the scores of other funds within the same peer group, as defined by the Thomson Reuters Lipper Global Classification. Leatherback Long/Short Alternative Yield ETF ranks in the 56th percentile within its peer group and in the 62nd percentile within the global universe of all funds covered by MSCI ESG Fund Ratings.
LBAY Summary Data
LBAY Portfolio Data
LBAY Index Data
LBAY Portfolio Management
LBAY Tax Exposures
LBAY Fund Structure
LBAY Factset Analytics Block Liquidity
This measurement shows how easy it is to trade a $1 million USD block of LBAY. LBAY is rated a N/A out of 5.
LBAY Tradability
LBAY Asset Allocation
Short
Long
Net
0.00%
0.00%
0.00%
0.00%
LBAY Top 5 Holdings Long
LBAY Top 5 Holdings Short
LBAY Performance Statistics
LBAY Correlations (Daily Returns 12 Mo)
LBAY MSCI ESG Ratings
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MSCI ESG Research LLC’s ("MSCI ESG") Fund Metrics products (the "Information") provide environmental, social and governance data with respect to underlying securities within more than 24,000 multi-asset class Mutual Funds and ETFs globally. MSCI ESG is a Registered Investment Adviser under the Investment Advisers Act of 1940. MSCI ESG materials have not been submitted to, nor received approval from, the US SEC or any other regulatory body. None of the Information constitutes an offer to buy or sell, or a promotion or recommendation of, any security, financial instrument or product or trading strategy, nor should it be taken as an indication or guarantee of any future performance, analysis, forecast or prediction. None of the Information can be used to determine which securities to buy or sell or when to buy or sell them. The Information is provided "as is" and the user of the Information assumes the entire risk of any use it may make or permit to be made of the Information.