LBAY vs. INFL ETF Comparison

Comparison of Leatherback Long/Short Alternative Yield ETF (LBAY) to Horizon Kinetics Inflation Beneficiaries ETF (INFL)
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

$26.58

Average Daily Volume

4,202

Number of Holdings *

52

* may have additional holdings in another (foreign) market
INFL

Horizon Kinetics Inflation Beneficiaries ETF

INFL Description The investment seeks long-term growth of capital in real (inflation-adjusted) terms. The fund is an actively-managed ETF that seeks to achieve its investment objective by investing primarily in the equity securities of domestic and foreign companies that are expected to benefit, either directly or indirectly, from rising prices (inflation). The fund's investments in equity securities are generally expected to include common stock, ownership units of publicly traded MLPs, and units of royalty trusts. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$32.06

Average Daily Volume

160,702

Number of Holdings *

17

* may have additional holdings in another (foreign) market
Performance
Period LBAY INFL
30 Days -1.51% -2.82%
60 Days 2.36% 3.55%
90 Days 3.40% 6.23%
12 Months 1.05% 6.61%
2 Overlapping Holdings
Symbol Grade Weight in LBAY Weight in INFL Overlap
BG C 5.18% 3.26% 3.26%
ICE D 4.19% 4.5% 4.19%
LBAY Overweight 50 Positions Relative to INFL
Symbol Grade Weight
FIS C 5.58%
XOM B 5.54%
V D 4.98%
ZBH D 4.71%
ORI A 4.63%
ABBV D 4.51%
AGNC B 4.09%
NEM B 4.06%
PKG C 4.04%
WM C 3.88%
AWK B 3.87%
GEHC D 3.81%
CMCSA F 3.7%
MDT C 3.69%
LHX A 3.68%
APD C 3.64%
DIS C 3.53%
UNP C 3.52%
DPZ B 3.06%
LW D 3.04%
JNJ F 2.96%
KDP A 2.77%
CARR A 2.77%
MMM A 2.74%
PCH D 2.74%
KO A 2.7%
MTN F 2.61%
RIO A 2.56%
SPGI C 2.36%
SOLV C 1.93%
BURL D -0.83%
DKS B -1.02%
FIX C -1.05%
FIVE F -1.14%
PLD D -1.17%
VRT A -1.35%
PLNT F -1.43%
SITE F -1.43%
AAPL C -1.43%
EQIX F -1.52%
OLLI C -1.54%
SQ D -1.56%
RCL A -1.6%
BLK D -1.63%
DLR B -1.63%
TSLA D -1.83%
CMG A -1.89%
DASH D -1.96%
SF A -1.97%
AVGO D -1.99%
LBAY Underweight 15 Positions Relative to INFL
Symbol Grade Weight
TPL B -6.01%
MMC D -3.77%
ADM D -3.48%
CACI A -3.26%
LNG D -2.86%
CRL D -2.68%
WFG D -2.28%
JOE B -1.68%
CME D -1.65%
PBT F -1.2%
MSB F -0.86%
RPRX D -0.85%
DMLP C -0.82%
SBR C -0.65%
SJT F -0.51%
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