LBAY vs. BBSA ETF Comparison

Comparison of Leatherback Long/Short Alternative Yield ETF (LBAY) to JPMorgan BetaBuilders 1-5 Year U.S. Aggregate Bond ETF (BBSA)

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

$25.64

Average Daily Volume

5,431

Number of Holdings ^*

* may have additional holdings in another (foreign) market

BBSA

JPMorgan BetaBuilders 1-5 Year U.S. Aggregate Bond ETF

BBSA Description

The investment seeks investment results that closely correspond, before fees and expenses, to the performance of the Bloomberg Barclays Short-Term U.S. Aggregate Bond Index. The index measures the performance of U.S. dollar denominated investment grade taxable bonds with remaining effective maturities between one and five years. The fund will invest at least 80% of its assets (net assets, plus the amount of borrowing for investment purposes) in securities included in the underlying index.

Grade (RS Rating)

Last Trade

$47.53

Average Daily Volume

1,916

Number of Holdings ^*

224

* may have additional holdings in another (foreign) market

Performance

Period	LBAY	BBSA
30 Days	-3.14%	0.52%
60 Days	-3.60%	1.31%
90 Days	-4.95%	1.45%
12 Months	-1.12%	5.42%

23 Overlapping Holdings

Symbol	Grade	Weight in LBAY	Weight in BBSA	Overlap
AAPL	A	-1.36%	0.01%	-1.36%
ABBV	C	3.97%	0.01%	0.01%
APD	D	4.16%	0.1%	0.1%
AWK	B	4.2%	0.01%	0.01%
BG	B	5.47%	0.04%	0.04%
CARR	C	2.49%	0.02%	0.02%
CMCSA	F	4.04%	0.01%	0.01%
EQIX	C	-1.58%	0.3%	-1.58%
FIS	B	5.11%	0.02%	0.02%
ICE	A	4.45%	0.03%	0.03%
JNJ	F	3.0%	0.11%	0.11%
KDP	D	2.85%	0.01%	0.01%
KO	A	2.85%	0.04%	0.04%
MDT	D	3.77%	0.02%	0.02%
MMM	B	3.74%	0.02%	0.02%
ORI	D	4.85%	0.02%	0.02%
SF	B	-1.64%	0.01%	-1.64%
T	B	2.56%	0.01%	0.01%
UNP	D	3.29%	0.04%	0.04%
V	C	4.92%	0.05%	0.05%
WM	B	2.62%	0.06%	0.06%
XOM	D	5.35%	0.02%	0.02%
ZBH	D	4.34%	0.03%	0.03%

LBAY Overweight 32 Positions Relative to BBSA

Symbol	Grade	Weight
AGNC	A	4.35%
LHX	B	4.03%
NEM	A	3.99%
PKG	C	3.93%
MTN	F	3.19%
LW	F	3.1%
BKNG	B	2.73%
PCH	F	2.67%
SPGI	B	2.6%
RIO	C	2.54%
MSCI	C	2.54%
DPZ	D	2.47%
SOLV	F	1.64%
DUOL	F	-0.78%
COIN	C	-0.81%
DAL	D	-0.98%
FIX	D	-1.09%
NFLX	A	-1.1%
SITE	F	-1.1%
IRM	B	-1.13%
BURL	B	-1.13%
CMG	D	-1.28%
VRT	C	-1.33%
DKS	C	-1.36%
SQ	C	-1.39%
BLK	B	-1.72%
DASH	C	-1.73%
DLR	B	-1.75%
PLNT	B	-1.81%
OLLI	B	-1.83%
TSLA	B	-1.87%
RCL	B	-1.9%

LBAY Underweight 201 Positions Relative to BBSA

Symbol	Grade	Weight
AER	B	-0.39%
ALLY	B	-0.23%
CMI	D	-0.23%
MKC	C	-0.2%
IBM	B	-0.2%
VLY	F	-0.18%
RF	B	-0.17%
VNT	D	-0.17%
COF	D	-0.14%
EBAY	B	-0.13%
GM	B	-0.13%
SPG	C	-0.13%
EPD	B	-0.12%
PG	C	-0.11%
QCOM	B	-0.1%
SLB	D	-0.1%
HPQ	C	-0.1%
BAC	B	-0.1%
AMZN	A	-0.09%
EDC	B	-0.09%
OKE	B	-0.08%
HSBC	D	-0.08%
NTRS	C	-0.08%
ALL	D	-0.07%
CCI	D	-0.07%
AON	C	-0.07%
GP	F	-0.07%
DB	C	-0.07%
MRK	C	-0.07%
AXP	C	-0.07%
BCSF	A	-0.06%
FHN	C	-0.06%
FRT	C	-0.06%
EOG	D	-0.06%
DFS	B	-0.06%
D	C	-0.06%
MPLX	B	-0.06%
APTV	F	-0.05%
CSX	D	-0.05%
IVZ	D	-0.05%
FCNCA	C	-0.05%
DUK	C	-0.05%
DHR	D	-0.05%
DHI	D	-0.05%
DD	C	-0.05%
PRU	B	-0.05%
MTB	C	-0.05%
KMI	B	-0.05%
AIG	D	-0.05%
NKE	F	-0.05%
CM	C	-0.05%
O	C	-0.05%
GPN	D	-0.04%
GE	D	-0.04%
FOXA	B	-0.04%
FDX	B	-0.04%
ETN	C	-0.04%
EL	F	-0.04%
DELL	C	-0.04%
RS	D	-0.04%
PYPL	D	-0.04%
PXD	B	-0.04%
LLY	A	-0.04%
KMB	B	-0.04%
UPS	D	-0.04%
TMUS	B	-0.04%
TGT	D	-0.04%
CMA	C	-0.04%
JNPR	B	-0.04%
HUM	C	-0.04%
HSY	F	-0.04%
HPE	C	-0.04%
COMM	F	-0.04%
OMC	D	-0.03%
WELL	A	-0.03%
VTRS	D	-0.03%
SYY	D	-0.03%
SYF	B	-0.03%
SBUX	F	-0.03%
RTX	D	-0.03%
HCA	C	-0.03%
FITB	D	-0.03%
AVGO	B	-0.03%
CHTR	C	-0.03%
BEN	F	-0.03%
BXP	C	-0.03%
BNS	C	-0.03%
RY	B	-0.03%
UNH	D	-0.03%
AMT	B	-0.03%
STT	C	-0.03%
DIS	D	-0.03%
PNC	C	-0.03%
MCK	B	-0.03%
ORCL	A	-0.03%
GOOGL	A	-0.02%
VOYA	D	-0.02%
TXN	B	-0.02%
TSN	D	-0.02%
PSX	D	-0.02%
NI	B	-0.02%
MPC	D	-0.02%
MHK	D	-0.02%
MCO	A	-0.02%
MCD	F	-0.02%
MAA	C	-0.02%
MA	C	-0.02%
KMPR	C	-0.02%
K	D	-0.02%
AWH	F	-0.02%
AMP	B	-0.02%
AGR	C	-0.02%
ADBE	B	-0.02%
CE	F	-0.02%
BRX	B	-0.02%
DXC	C	-0.02%
CPB	B	-0.02%
SRE	B	-0.02%
HBAN	D	-0.02%
GILD	C	-0.02%
GD	D	-0.02%
PCG	D	-0.02%
MSFT	A	-0.02%
BMY	F	-0.02%
AMGN	B	-0.02%
SCHW	D	-0.02%
FNA	F	-0.02%
LOW	D	-0.02%
C	B	-0.02%
R	B	-0.02%
TFC	B	-0.02%
BK	B	-0.02%
BERY	D	-0.01%
KD	C	-0.01%
PCAR	D	-0.01%
EQNR	C	-0.01%
AEP	C	-0.01%
AZN	C	-0.01%
AL	C	-0.01%
CME	D	-0.01%
CASH	B	-0.01%
ESS	B	-0.01%
DTE	D	-0.01%
CSCO	D	-0.01%
COP	D	-0.01%
HAS	D	-0.01%
GSK	D	-0.01%
GBDC	C	-0.01%
WU	D	-0.01%
WRK	C	-0.01%
SCCO	C	-0.01%
JHG	B	-0.01%
JBHT	F	-0.01%
NXPI	B	-0.01%
NSC	D	-0.01%
MOS	F	-0.01%
MO	A	-0.01%
MET	D	-0.01%
MDLZ	D	-0.01%
MAR	C	-0.01%
LUV	D	-0.01%
LMT	C	-0.01%
LII	B	-0.01%
LDOS	B	-0.01%
VOD	B	-0.01%
KR	C	-0.01%
AVB	B	-0.01%
ES	C	-0.01%
HD	C	-0.01%
SYK	B	-0.01%
ROP	B	-0.01%
ETR	D	-0.01%
HON	B	-0.01%
ET	B	-0.01%
SO	B	-0.01%
PPG	D	-0.01%
PFE	C	-0.01%
NEE	D	-0.01%
EXC	D	-0.01%
PEP	D	-0.01%
DE	F	-0.01%
PM	B	-0.01%
VZ	B	-0.01%
AFL	B	-0.01%
CAT	D	-0.01%
BMO	D	-0.01%
CVS	D	-0.01%
WMT	A	-0.01%
BA	C	-0.01%
INTC	C	-0.01%
WMB	B	-0.01%
CVX	D	-0.01%
PEG	B	-0.01%
GS	A	-0.01%
WFC	C	-0.01%
TD	F	-0.01%
MS	B	-0.01%
CI	D	-0.01%
USB	D	-0.01%
FR	C	-0.01%
FN	C	-0.01%