AADR vs. LBAY ETF Comparison

Comparison of WCM BNY Mellon Focused Growth ADR ETF (AADR) to Leatherback Long/Short Alternative Yield ETF (LBAY)

AADR

WCM BNY Mellon Focused Growth ADR ETF

AADR Description

The investment seeks long-term capital appreciation above international benchmarks such as the BNY Mellon Classic ADR Index, the fund's primary benchmark, and the MSCI EAFE Index, the fund's secondary benchmark. The sub-advisor seeks to achieve the fund's investment objective by selecting primarily a portfolio of U.S.-traded securities of non-U.S. organizations, most often American Depositary Receipts ("ADRs"), included in the BNY Mellon Classic ADR Index. The fund's investment focus follows the Sub-Advisor's core philosophy of investing in industry-leading non-U.S. organizations led by visionary management teams with sound business strategies.

Grade (RS Rating)

Last Trade

$63.62

Average Daily Volume

591

Number of Holdings ^*

* may have additional holdings in another (foreign) market

LBAY

Leatherback Long/Short Alternative Yield ETF

LBAY Description

The investment seeks capital appreciation and income. 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.

Grade (RS Rating)

Last Trade

$27.71

Average Daily Volume

2,579

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	AADR	LBAY
30 Days	1.49%	-0.48%
60 Days	11.18%	2.36%
90 Days	2.84%	8.09%
12 Months	32.77%	10.15%

1 Overlapping Holdings

	Symbol	Grade	Weight in AADR	Weight in LBAY	Overlap
	ABBV	A	3.89%	3.58%	3.58%

AADR Overweight 25 Positions Relative to LBAY

Symbol	Grade	Weight
NVO	F	6.28%
YPF	C	5.08%
GGAL	C	4.7%
BMA	C	4.43%
ERJ	C	4.04%
PAM	B	3.47%
MUFG	D	3.29%
MELI	C	3.19%
SAP	C	3.17%
BBVA	D	3.12%
RELX	C	3.09%
HMY	B	2.87%
QFIN	B	2.71%
BCS	C	2.57%
ING	C	2.54%
ASX	D	2.46%
TEN	D	2.42%
SMFG	D	2.34%
TEVA	D	2.32%
NMR	F	2.16%
LOGI	D	2.15%
NXPI	F	2.13%
BVN	D	1.85%
TME	D	1.76%
JMIA	F	0.86%

AADR Underweight 55 Positions Relative to LBAY

Symbol	Grade	Weight
NEM	C	-4.99%
BG	D	-4.81%
XOM	B	-4.78%
ORI	A	-4.75%
MMM	B	-4.7%
FIS	C	-4.61%
LW	D	-4.4%
AGNC	C	-4.24%
MO	B	-4.12%
CMCSA	B	-4.07%
ZBH	F	-4.05%
MDT	A	-4.03%
ICE	A	-4.02%
VTRS	D	-4.01%
AWK	C	-3.61%
RIO	A	-3.52%
UNP	C	-3.43%
EBAY	A	-3.32%
V	C	-3.26%
PKG	A	-3.25%
APD	C	-3.2%
LHX	A	-3.08%
MTN	D	-3.08%
T	A	-3.03%
CARR	C	-2.97%
PCH	C	-2.91%
SPGI	C	-2.84%
MSCI	B	-2.79%
BKNG	C	-2.72%
DE	A	-2.7%
KDP	C	-2.62%
KO	B	-2.56%
SOLV	D	-2.09%
EVR	C	--1.19%
SITE	D	--1.25%
BURL	D	--1.25%
DKS	D	--1.27%
FIX	B	--1.28%
SHOP	C	--1.3%
EQIX	B	--1.31%
DLR	C	--1.33%
TXRH	B	--1.41%
AVGO	C	--1.49%
CMG	C	--1.52%
DUOL	B	--1.59%
SQ	D	--1.63%
VRT	B	--1.7%
KKR	C	--1.71%
OLLI	C	--1.78%
SF	A	--1.79%
CVNA	A	--1.8%
PLNT	C	--1.9%
RCL	C	--2.0%
TSLA	B	--2.08%
DASH	B	--2.13%

AADR: Top Represented Industries & Keywords

Industries: Banks - Global Banks - Regional - Latin America Semiconductors Specialty Retail Aerospace & Defense Biotechnology Capital Markets Computer Systems Credit Services Drug Manufacturers - Major Drug Manufacturers - Specialty & Generic Gold Industrial Metals & Minerals Internet Content & Information Oil & Gas Integrated Publishing Shipping & Ports Software - Application Utilities - Independent Power Producers