DIVP vs. LBAY ETF Comparison

Comparison of Cullen Enhanced Equity Income ETF (DIVP) to Leatherback Long/Short Alternative Yield ETF (LBAY)

DIVP

Cullen Enhanced Equity Income ETF

DIVP Description

DIVP invests in large- and mid-cap value stocks that generally have higher dividend yield than the average of the funds US benchmark. The fund identifies value stocks that have low price-to-earnings ratio with above-average earnings and dividend growth potential. Companies are screened using fundamental research. The fund may invest up to 30% in non-US companies in the form of ADRs. While the portfolio is not rebalanced systematically, weighting is roughly equal to avoid overweighting of individual securities. To generate additional income, the fund selectively writes covered call options with a target range of between 25-40%. However, the covered call overlay limits participation in potential gains if shares increase in value. The adviser may sell stocks that are no longer viewed as attractive based on growth potential, dividend yield, or price. As an actively managed ETF, the fund manager has full discretion to make buy, hold, or sell decisions at any time.

Grade (RS Rating)

Last Trade

$26.90

Average Daily Volume

1,551

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

$26.45

Average Daily Volume

2,577

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	DIVP	LBAY
30 Days	1.33%	-3.99%
60 Days	1.78%	-3.40%
90 Days	3.75%	-2.87%
12 Months		5.05%

5 Overlapping Holdings

Symbol	Grade	Weight in DIVP	Weight in LBAY	Overlap
CMCSA	B	3.23%	4.57%	3.23%
MDT	D	3.88%	3.86%	3.86%
MO	A	2.73%	4.64%	2.73%
RIO	D	1.81%	3.28%	1.81%
XOM	B	3.22%	4.78%	3.22%

DIVP Overweight 27 Positions Relative to LBAY

Symbol	Grade	Weight
CSCO	B	4.46%
EOG	A	4.39%
BMY	B	4.1%
VICI	C	3.83%
DUK	C	3.6%
PPL	A	3.6%
CVX	A	3.51%
PM	B	3.47%
C	A	3.35%
TFC	A	3.34%
BAC	A	3.33%
KVUE	A	3.28%
CAG	F	3.25%
VZ	C	3.24%
MRK	D	3.12%
SYY	D	2.92%
RTX	D	2.89%
DOC	C	2.86%
BAX	F	2.67%
IBM	C	2.62%
JCI	B	2.55%
JPM	A	2.41%
TRV	B	2.21%
DOW	F	2.1%
GD	D	2.03%
GPC	D	1.81%
UPS	C	1.75%

DIVP Underweight 47 Positions Relative to LBAY

Symbol	Grade	Weight
LW	C	-4.96%
ORI	A	-4.77%
NEM	D	-4.59%
BG	D	-4.57%
FIS	C	-4.54%
VTRS	A	-4.48%
ZBH	C	-4.41%
AGNC	C	-4.41%
CVS	D	-4.36%
BERY	C	-4.14%
ICE	C	-4.08%
MTN	C	-3.91%
V	A	-3.89%
UNP	C	-3.77%
T	A	-3.64%
LHX	C	-3.59%
EBAY	D	-3.58%
MMM	D	-3.53%
AWK	C	-3.45%
BKNG	A	-3.37%
MSCI	C	-3.15%
APD	A	-3.11%
SPGI	C	-2.92%
PCH	F	-2.79%
DE	B	-2.68%
SHAK	C	--1.21%
DKS	D	--1.21%
BURL	B	--1.26%
SITE	F	--1.27%
RBLX	C	--1.29%
EQIX	A	--1.38%
TSLA	B	--1.45%
EVR	B	--1.46%
SF	B	--1.48%
LLY	F	--1.48%
DKNG	B	--1.49%
DLR	B	--1.51%
CVNA	B	--1.53%
AAPL	C	--1.53%
DAL	B	--1.53%
TOL	B	--1.54%
PLNT	A	--1.54%
AVGO	D	--1.54%
SQ	A	--1.56%
VRT	B	--1.63%
OLLI	D	--1.69%
DUOL	A	--1.85%