ARKX vs. LBAY ETF Comparison

Comparison of ARK Space Exploration & Innovation ETF (ARKX) to Leatherback Long/Short Alternative Yield ETF (LBAY)

ARKX

ARK Space Exploration & Innovation ETF

ARKX Description

The ARK Space Exploration & Innovation ETF’s (“Fund”) investment objective is long-term growth of capital. ARKX is an actively-managed exchange-traded fund (“ETF”) that will invest under normal circumstances primarily (at least 80% of its assets) in domestic and foreign equity securities of companies that are engaged in the Fund’s investment theme of Space Exploration and innovation. The Adviser defines “Space Exploration” as leading, enabling, or benefitting from technologically enabled products and/or services that occur beyond the surface of the Earth. Orbital Aerospace Companies are companies that launch, make, service, or operate platforms in the orbital space, including satellites and launch vehicles. Suborbital Aerospace Companies are companies that launch, make, service, or operate platforms in the suborbital space, but do not reach a velocity needed to remain in orbit around a planet. Enabling Technologies Companies are companies that develop technologies used by Space Exploration related companies for successful value-add aerospace operations. These operations include artificial intelligence, robotics, 3D printing, materials and energy storage. Aerospace Beneficiary Companies are companies whose operations stand to benefit from aerospace activities, including agriculture, internet access, global positioning system (GPS), construction, imaging, drones, air taxis and electric aviation vehicles.

Grade (RS Rating)

Last Trade

$16.47

Average Daily Volume

36,905

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

$27.55

Average Daily Volume

2,660

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	ARKX	LBAY
30 Days	10.46%	-1.35%
60 Days	17.81%	3.71%
90 Days	8.36%	7.77%
12 Months	23.35%	10.20%

2 Overlapping Holdings

	Symbol	Grade	Weight in ARKX	Weight in LBAY	Overlap
	DE	C	2.77%	2.7%	2.7%
	LHX	A	5.42%	3.08%	3.08%

ARKX Overweight 23 Positions Relative to LBAY

Symbol	Grade	Weight
IRDM	C	9.79%
KTOS	B	9.44%
AVAV	B	7.56%
TER	C	7.36%
TRMB	B	6.52%
RKLB	B	5.58%
AMZN	C	3.9%
PLTR	A	2.83%
BLDE	D	2.68%
GRMN	D	2.61%
ACHR	F	2.51%
GOOG	B	2.22%
JOBY	C	2.06%
PRNT	D	1.95%
HEI	C	1.71%
LMT	A	1.64%
HON	C	1.45%
TDY	A	1.4%
PATH	D	1.33%
SNPS	F	1.27%
ANSS	D	1.08%
DDD	D	0.69%
MYNA	F	0.0%

ARKX Underweight 54 Positions Relative to LBAY

Symbol	Grade	Weight
NEM	C	-4.99%
BG	F	-4.81%
XOM	A	-4.78%
ORI	A	-4.75%
MMM	C	-4.7%
FIS	A	-4.61%
LW	D	-4.4%
AGNC	B	-4.24%
MO	D	-4.12%
CMCSA	B	-4.07%
ZBH	F	-4.05%
MDT	C	-4.03%
ICE	A	-4.02%
VTRS	D	-4.01%
AWK	D	-3.61%
ABBV	C	-3.58%
RIO	B	-3.52%
UNP	F	-3.43%
EBAY	A	-3.32%
V	B	-3.26%
PKG	B	-3.25%
APD	C	-3.2%
MTN	D	-3.08%
T	B	-3.03%
CARR	A	-2.97%
PCH	C	-2.91%
SPGI	C	-2.84%
MSCI	B	-2.79%
BKNG	B	-2.72%
KDP	C	-2.62%
KO	C	-2.56%
SOLV	C	-2.09%
EVR	C	--1.19%
SITE	D	--1.25%
BURL	C	--1.25%
DKS	D	--1.27%
FIX	A	--1.28%
SHOP	B	--1.3%
EQIX	C	--1.31%
DLR	C	--1.33%
TXRH	A	--1.41%
AVGO	B	--1.49%
CMG	C	--1.52%
DUOL	B	--1.59%
SQ	D	--1.63%
VRT	B	--1.7%
KKR	A	--1.71%
OLLI	C	--1.78%
SF	A	--1.79%
CVNA	A	--1.8%
PLNT	B	--1.9%
RCL	B	--2.0%
TSLA	C	--2.08%
DASH	A	--2.13%