DWLD vs. LBAY ETF Comparison

Comparison of Davis Select Worldwide ETF (DWLD) to Leatherback Long/Short Alternative Yield ETF (LBAY)

DWLD

Davis Select Worldwide ETF

DWLD Description

The investment seeks long-term growth of capital. The fund's investment adviser, uses the Davis Investment Discipline to invest the fund's portfolio principally in common stocks issued by both United States and foreign companies, including countries with developed or emerging markets. It will invest significantly in issuers (i) organized or located outside of the U.S.; (ii) whose primary trading market is located outside the U.S.; or (iii) doing a substantial amount of business outside the U.S., which the adviser considers to be a company that derives at least 50% of its revenue from business outside the U.S. or has at least 50% of its assets outside the U.S.

Grade (RS Rating)

Last Trade

$37.66

Average Daily Volume

9,431

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

$26.50

Average Daily Volume

2,934

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	DWLD	LBAY
30 Days	-1.25%	-4.78%
60 Days	7.06%	-4.02%
90 Days	12.05%	-1.39%
12 Months	31.76%	6.09%

2 Overlapping Holdings

	Symbol	Grade	Weight in DWLD	Weight in LBAY	Overlap
	CVS	D	0.95%	4.36%	0.95%
	VTRS	A	2.77%	4.48%	2.77%

DWLD Overweight 23 Positions Relative to LBAY

Symbol	Grade	Weight
META	C	6.51%
COF	B	5.82%
TCOM	B	4.62%
MGM	D	4.4%
MKL	A	3.91%
BRK.A	A	3.84%
AMZN	B	3.11%
SOLV	C	2.79%
GOOG	B	2.61%
HUM	D	2.49%
CI	D	1.69%
AMAT	F	1.43%
WFC	A	1.36%
BEKE	C	1.33%
SE	B	1.26%
TSN	A	0.87%
CPNG	D	0.82%
AGCO	D	0.79%
DGX	A	0.77%
IAC	F	0.71%
DAR	B	0.47%
YOU	D	0.37%
NOAH	C	0.34%

DWLD Underweight 50 Positions Relative to LBAY

Symbol	Grade	Weight
LW	C	-4.96%
XOM	A	-4.78%
ORI	A	-4.77%
MO	A	-4.64%
NEM	F	-4.59%
BG	D	-4.57%
CMCSA	B	-4.57%
FIS	A	-4.54%
ZBH	C	-4.41%
AGNC	C	-4.41%
BERY	C	-4.14%
ICE	C	-4.08%
MTN	C	-3.91%
V	A	-3.89%
MDT	D	-3.86%
UNP	D	-3.77%
T	A	-3.64%
LHX	B	-3.59%
EBAY	D	-3.58%
MMM	D	-3.53%
AWK	C	-3.45%
BKNG	A	-3.37%
RIO	F	-3.28%
MSCI	A	-3.15%
APD	A	-3.11%
SPGI	C	-2.92%
PCH	D	-2.79%
DE	C	-2.68%
SHAK	B	--1.21%
DKS	D	--1.21%
BURL	A	--1.26%
SITE	D	--1.27%
RBLX	B	--1.29%
EQIX	A	--1.38%
TSLA	A	--1.45%
EVR	B	--1.46%
SF	A	--1.48%
LLY	F	--1.48%
DKNG	B	--1.49%
DLR	A	--1.51%
CVNA	A	--1.53%
AAPL	C	--1.53%
DAL	A	--1.53%
TOL	B	--1.54%
PLNT	A	--1.54%
AVGO	C	--1.54%
SQ	A	--1.56%
VRT	A	--1.63%
OLLI	D	--1.69%
DUOL	B	--1.85%