MADE vs. LBAY ETF Comparison

Comparison of iShares Trust iShares U.S. Manufacturing ETF (MADE) to Leatherback Long/Short Alternative Yield ETF (LBAY)

MADE

iShares Trust iShares U.S. Manufacturing ETF

MADE Description

The underlying index is designed to measure the performance of equity securities of U.S.-domiciled companies that are involved in manufacturing and manufacturing-related industries and that generate a certain amount of revenues in the U.S., among other eligibility criteria, as determined by SPDJI. The fund generally will invest at least 80% of its assets in the component securities of its underlying index. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$25.01

Average Daily Volume

1,392

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

$27.64

Average Daily Volume

2,466

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	MADE	LBAY
30 Days	3.64%	0.47%
60 Days	5.10%	2.17%
90 Days		7.53%
12 Months		7.20%

3 Overlapping Holdings

Symbol	Grade	Weight in MADE	Weight in LBAY	Overlap
CARR	B	2.44%	2.97%	2.44%
DE	A	4.0%	2.7%	2.7%
LHX	C	0.74%	3.08%	0.74%

MADE Overweight 95 Positions Relative to LBAY

Symbol	Grade	Weight
ETN	C	4.24%
APH	C	4.01%
PCAR	D	3.92%
GM	C	3.88%
HON	C	3.81%
CMI	B	3.79%
F	F	3.55%
AME	C	3.4%
TT	B	3.18%
PH	B	2.97%
RTX	B	2.79%
ROK	D	2.6%
FTV	C	2.33%
FSLR	C	2.33%
DOV	B	2.26%
LMT	A	2.13%
HUBB	B	1.96%
JCI	B	1.85%
TDY	B	1.75%
BA	F	1.55%
SWK	B	1.41%
TDG	B	1.38%
GD	C	1.34%
ENPH	D	1.31%
SNA	B	1.3%
NOC	B	1.26%
COHR	C	1.21%
NVT	C	1.02%
RRX	C	0.96%
LECO	D	0.91%
GNRC	D	0.78%
TTC	F	0.74%
HWM	B	0.72%
ALSN	B	0.71%
FN	C	0.71%
AYI	B	0.71%
LII	C	0.71%
RIVN	F	0.68%
MKSI	F	0.65%
MIDD	C	0.64%
PNR	B	0.6%
MSA	D	0.6%
IEX	C	0.59%
LFUS	C	0.56%
OSK	F	0.54%
GGG	C	0.53%
AXON	B	0.51%
THO	C	0.49%
BC	C	0.48%
FSS	D	0.48%
VNT	F	0.41%
BDC	B	0.4%
ITRI	C	0.39%
HOG	C	0.39%
LDOS	A	0.37%
AOS	B	0.36%
ENS	C	0.35%
AEIS	D	0.31%
CR	B	0.3%
LCII	C	0.28%
AAON	B	0.28%
TXT	D	0.27%
LCID	C	0.27%
ESE	B	0.27%
ATKR	F	0.27%
SPXC	B	0.26%
TRN	C	0.24%
JBT	C	0.24%
CSWI	B	0.23%
BMI	B	0.23%
CXT	F	0.23%
AIN	F	0.23%
CW	B	0.23%
WTS	C	0.22%
HEI	C	0.2%
HII	F	0.18%
GT	F	0.18%
ZWS	B	0.18%
GTLS	F	0.17%
PLUG	F	0.16%
FELE	B	0.15%
WWD	C	0.15%
BE	F	0.15%
BWXT	A	0.15%
SAIC	C	0.13%
NPO	C	0.13%
MWA	B	0.13%
FOXF	F	0.12%
KBR	D	0.12%
MOG.A	B	0.1%
SEDG	F	0.08%
ARRY	F	0.06%
KTOS	B	0.06%
SHLS	F	0.06%
SPR	D	0.04%

MADE Underweight 53 Positions Relative to LBAY

Symbol	Grade	Weight
NEM	C	-4.99%
BG	F	-4.81%
XOM	D	-4.78%
ORI	B	-4.75%
MMM	B	-4.7%
FIS	C	-4.61%
LW	D	-4.4%
AGNC	B	-4.24%
MO	C	-4.12%
CMCSA	C	-4.07%
ZBH	F	-4.05%
MDT	B	-4.03%
ICE	C	-4.02%
VTRS	D	-4.01%
AWK	C	-3.61%
ABBV	B	-3.58%
RIO	B	-3.52%
UNP	D	-3.43%
EBAY	B	-3.32%
V	C	-3.26%
PKG	B	-3.25%
APD	B	-3.2%
MTN	D	-3.08%
T	B	-3.03%
PCH	C	-2.91%
SPGI	C	-2.84%
MSCI	C	-2.79%
BKNG	B	-2.72%
KDP	B	-2.62%
KO	B	-2.56%
SOLV	D	-2.09%
EVR	B	--1.19%
SITE	D	--1.25%
BURL	C	--1.25%
DKS	D	--1.27%
FIX	B	--1.28%
SHOP	C	--1.3%
EQIX	B	--1.31%
DLR	B	--1.33%
TXRH	B	--1.41%
AVGO	C	--1.49%
CMG	D	--1.52%
DUOL	C	--1.59%
SQ	D	--1.63%
VRT	C	--1.7%
KKR	B	--1.71%
OLLI	C	--1.78%
SF	B	--1.79%
CVNA	B	--1.8%
PLNT	C	--1.9%
RCL	B	--2.0%
TSLA	C	--2.08%
DASH	B	--2.13%