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Leatherback Long/Short Alternative Yield ETF (LBAY) Holdings

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빠른 답변

Leatherback Long/Short Alternative Yield ETF (LBAY) has a last stored price of $27.28, as of the Oct 26, 2026 trading session. It has a 1.27% expense ratio and $23M in assets under management.

Holdings and weights below are as of Mar 15, 2026. In the stored portfolio snapshot, the largest listed holding is First American Government Obligs X (FGXXX) at 8.51%, and the largest sector allocation is Basic Materials at 26.7%.

데이터 출처: Yahoo Finance · Financial Modeling Prep

Leatherback Long/Short Alternative Yield ETF (LBAY) ETF — Price, Holdings & Analysis

ETF 개요

LBAY is an actively-managed ETF employing a long/short strategy within the alternatives asset class. The fund seeks to identify companies with strong shareholder yield, defined as dividends plus buybacks plus debt paydowns, and takes long positions in these securities. Conversely, it identifies companies expected to underperform and takes short positions to capitalize on anticipated price declines. The fund's strategy results in a net long exposure typically ranging from 75% to 110%. LBAY's long positions primarily consist of equity securities and depositary receipts, but may also include investment-grade corporate bonds and convertible bonds. The fund's top holdings include First American Government Obligs X (8.51%), Hecla Mining Co (5.82%), and Newmont Corp (5.30%). Sector allocation is heavily weighted towards Basic Materials (26.7%), Consumer Defensive (13.3%), and Energy (12.9%). This non-diversified approach allows for concentrated bets based on Leatherback's active management decisions. Past performance does not guarantee future results.

위험 지표

LBAY's active management and long/short strategy introduce specific risks. The fund's non-diversified nature, with significant allocation to Basic Materials (26.7%), exposes it to sector-specific risks. A 3-year beta of 0.26 suggests lower volatility compared to the overall market, but the active strategy and short positions can still lead to unpredictable performance. The fund's expense ratio of 1.27% is relatively high, creating a significant expense drag that can impact returns, especially in a low-return environment. The fund's concentration in its top holdings, such as First American Government Obligs X (8.51%) and Hecla Mining Co (5.82%), also introduces concentration risk. Investors should carefully consider these factors before investing. Past performance does not guarantee future results.
  • 베타: 0.26

운용보수율

1.27%

LBAY은(는) 무엇을 보유하고 있나요?

보유 종목비중
First American Government Obligs X (FGXXX)8.51%
Hecla Mining Co (HL)5.82%
Newmont Corp (NEM)5.30%
Alamos Gold Inc Class A (AGI.TO)5.27%
Vail Resorts Inc (MTN)4.75%
Keurig Dr Pepper Inc (KDP)4.70%
Altria Group Inc (MO)4.52%
Amrize Ltd Registered Share (AMRZ.SW)4.45%
Avista Corp (AVA)4.43%
PG&E Corp (PCG)4.12%

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섹터비중
기초 소재26.7%
필수소비재13.3%
에너지12.9%
산업재11.2%
유틸리티11.1%
헬스케어8.5%
경기소비재7.3%
금융 서비스6.3%
부동산2.8%
현금 및 기타0.0%
국가비중
미국92.2%
캐나다2.8%
호주2.4%

배당수익률

0.00%

질문 및 답변

What is LBAY and what does it track?

The Leatherback Long/Short Alternative Yield ETF (LBAY) is an actively managed fund that aims to generate returns by taking both long and short positions in securities.

It seeks to identify companies with sustainable shareholder yield (dividends, buybacks, and debt paydowns) for its long positions, while shorting companies expected to decline in price.

What is the expense ratio for LBAY?

LBAY has an expense ratio of 1.27%. This means that for every $10,000 invested in the fund, $127 is deducted annually to cover operating expenses.

The expense ratio is relatively high compared to the average expense ratio for alternative ETFs, which is approximately 0.44%. The impact of this higher expense ratio on their overall returns, especially in a low-return environment may be worth researching.

What are the top holdings in LBAY?

LBAY's top holdings reflect its investment strategy of combining long and short positions. As of 2026-03-15, the top holdings include First American Government Obligs X, comprising 8.51% of the portfolio.

Other significant long positions include Hecla Mining Co (5.82%), Newmont Corp (5.30%), Alamos Gold Inc Class A (5.27%), and Vail Resorts Inc (4.75%). These holdings indicate a focus on companies within the basic materials and consumer discretionary sectors.

Is LBAY a good long-term investment?

Evaluating LBAY as a long-term investment requires careful consideration of its strategy and associated risks. The fund's active management and long/short approach can potentially generate alpha, but also introduce uncertainty.

With an expense ratio of 1.27%, the fund faces a significant hurdle to outperform its benchmark.

How does LBAY compare to similar ETFs?

LBAY distinguishes itself through its active long/short strategy within the alternatives ETF category. Many alternative ETFs employ different strategies, such as managed futures or real asset exposure.

With an AUM of $0.02 billion, LBAY is relatively small compared to some of the larger alternative ETFs. Its expense ratio of 1.27% is also higher than many passively managed alternative ETFs.

Does LBAY pay dividends?

As of 2026-03-15, the Leatherback Long/Short Alternative Yield ETF (LBAY) has a dividend yield of 0.00%. This indicates that the fund is not currently distributing any dividend income to its shareholders.

The fund's focus on shareholder yield includes dividends, buybacks, and debt paydowns, but the current portfolio composition does not generate dividend income. Investors seeking dividend income may want to consider other ETFs with a higher dividend yield.

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