LBAY vs. QABA ETF Comparison

Comparison of Leatherback Long/Short Alternative Yield ETF (LBAY) to First Trust NASDAQ ABA Community Bank Index Fund (QABA)

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

QABA

First Trust NASDAQ ABA Community Bank Index Fund

QABA Description

The investment seeks investment results that correspond generally to the price and yield (before the fund's fees and expenses) of an equity index called the NASDAQ OMX(R) ABA Community Bank Index(SM). The fund will normally invest at least 90% of its net assets plus the amount of any borrowings for investment purposes in common stocks that comprise the index. For the purposes of the index, a "community bank" is considered to be all U.S.banks and thrifts or their holding companies listed on NASDAQ(R), excluding the 50 largest U.S. banks by asset size. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$44.70

Average Daily Volume

11,381

Number of Holdings ^*

124

* may have additional holdings in another (foreign) market

Performance

Period	LBAY	QABA
30 Days	-3.14%	1.17%
60 Days	-3.60%	-3.48%
90 Days	-4.95%	0.20%
12 Months	-1.12%	17.15%

0 Overlapping Holdings

	Symbol	Grade	Weight in LBAY	Weight in QABA	Overlap

LBAY Overweight 55 Positions Relative to QABA

Symbol	Grade	Weight
BG	B	5.47%
XOM	D	5.35%
FIS	B	5.11%
V	C	4.92%
ORI	D	4.85%
ICE	A	4.45%
AGNC	A	4.35%
ZBH	D	4.34%
AWK	B	4.2%
APD	D	4.16%
CMCSA	F	4.04%
LHX	B	4.03%
NEM	A	3.99%
ABBV	C	3.97%
PKG	C	3.93%
MDT	D	3.77%
MMM	B	3.74%
UNP	D	3.29%
MTN	F	3.19%
LW	F	3.1%
JNJ	F	3.0%
KDP	D	2.85%
KO	A	2.85%
BKNG	B	2.73%
PCH	F	2.67%
WM	B	2.62%
SPGI	B	2.6%
T	B	2.56%
RIO	C	2.54%
MSCI	C	2.54%
CARR	C	2.49%
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%
AAPL	A	-1.36%
SQ	C	-1.39%
EQIX	C	-1.58%
SF	B	-1.64%
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 124 Positions Relative to QABA

Symbol	Grade	Weight
CBSH	C	-4.39%
WTFC	D	-3.66%
OZK	D	-2.8%
UBSI	D	-2.67%
FFIN	D	-2.57%
HWC	C	-2.49%
UMBF	C	-2.48%
IBOC	C	-2.17%
TFSL	D	-2.16%
ABCB	C	-2.1%
FULT	D	-1.88%
UCBI	D	-1.86%
BANF	D	-1.77%
FIBK	B	-1.73%
TCBI	C	-1.72%
WSFS	B	-1.71%
CATY	D	-1.69%
FHB	C	-1.62%
CVBF	C	-1.47%
WAFD	C	-1.39%
PPBI	F	-1.34%
SFNC	D	-1.33%
FFBC	D	-1.29%
INDB	D	-1.26%
TOWN	B	-1.25%
SBCF	D	-1.22%
TBBK	B	-1.17%
FRME	D	-1.17%
IBTX	B	-1.14%
MBIN	C	-1.12%
TRMK	C	-1.11%
NBTB	B	-1.1%
BANR	C	-1.03%
WSBC	D	-1.0%
CHCO	C	-0.97%
CLBK	F	-0.95%
LKFN	D	-0.94%
EFSC	C	-0.91%
SYBT	C	-0.9%
NWBI	C	-0.89%
CASH	B	-0.88%
BUSE	B	-0.82%
SRCE	B	-0.79%
FBNC	C	-0.79%
HOPE	C	-0.78%
WABC	D	-0.78%
TCBK	C	-0.78%
STBA	B	-0.77%
VBTX	C	-0.7%
SASR	C	-0.66%
GABC	B	-0.65%
PEBO	D	-0.65%
PFBC	D	-0.61%
QCRH	C	-0.6%
OCFC	B	-0.55%
RBCAA	C	-0.54%
BFC	D	-0.51%
AMAL	B	-0.5%
SBSI	D	-0.5%
DCOM	C	-0.48%
BRKL	D	-0.47%
CTBI	C	-0.47%
FMBH	B	-0.47%
BHRB	F	-0.46%
CFFN	C	-0.45%
PFC	D	-0.44%
CNOB	F	-0.43%
CFB	B	-0.42%
FCBC	B	-0.41%
OSBC	B	-0.4%
UVSP	B	-0.4%
GSBC	C	-0.39%
MBWM	C	-0.39%
HFWA	D	-0.38%
CCB	C	-0.37%
CASS	D	-0.34%
EGBN	F	-0.34%
HBNC	D	-0.33%
TRST	C	-0.33%
IBCP	B	-0.33%
BFST	D	-0.33%
HTBI	B	-0.31%
HTBK	C	-0.31%
MSBI	D	-0.3%
HAFC	C	-0.3%
HONE	C	-0.3%
FSBC	C	-0.3%
SMBC	C	-0.3%
CCBG	D	-0.29%
CAC	C	-0.29%
FMNB	D	-0.28%
WASH	C	-0.28%
NBN	B	-0.28%
SPFI	D	-0.27%
THFF	D	-0.26%
AROW	B	-0.26%
NFBK	C	-0.25%
CCNE	D	-0.25%
HIFS	B	-0.24%
PGC	F	-0.24%
ESQ	D	-0.24%
SHBI	C	-0.23%
KRNY	C	-0.23%
MPB	B	-0.22%
FFIC	C	-0.22%
RBB	C	-0.21%
MOFG	C	-0.21%
CARE	B	-0.21%
NEWT	D	-0.19%
BWB	D	-0.19%
NRIM	B	-0.19%
BSRR	B	-0.19%
EBTC	F	-0.18%
TCBX	D	-0.17%
FISI	B	-0.17%
ORRF	B	-0.17%
BMRC	C	-0.16%
FRST	C	-0.15%
BCAL	D	-0.15%
NECB	B	-0.15%
WSBF	B	-0.15%
FLIC	F	-0.14%
INBK	C	-0.14%
CZFS	D	-0.0%