LBAY · Leatherback Long/Short Alternative Yield ETF

Equity fundActively managed1.20% fee$18m on May 31, 2026First traded Nov 17, 2020SEC filings ↗

LBAY is actively managed and returned +6.6% over the past year.

+6.6%
Total return, 1 year
1.20%
Expense ratio
35
Holdings
−9.7%
Below its high
4.0%
12-month yield: cash paid, 1 year, on its starting price
$0.085
Last payment (paid monthly), ex-date Sep 29, 2026
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Points (pts) are percentage points.

WindowTotal returnS&P 500 (SPY)Gap to SPY
1M Sep 9 – Oct 9, 2026−5.5%+2.4%−7.9 pts
3M Jul 10 – Oct 9, 2026+1.8%+3.4%−1.5 pts
6M Apr 10 – Oct 9, 2026−7.3%+15.2%−22.4 pts
YTD Dec 31, 2025 – Oct 9, 2026+8.2%+15.1%−6.9 pts
1Y Oct 9, 2025 – Oct 9, 2026+6.6%+17.3%−10.6 pts
3Y Oct 10, 2023 – Oct 9, 2026+11.2%+85.8%−74.5 pts
Since launch Nov 17, 2020 – Oct 9, 2026+55.5%+134.1%−78.6 pts

Total return at closing prices, distributions reinvested. Every column is a total return. Year to date runs from the last close of the year before. Source: ETFIQ.

LBAY top ten by weight, 47.3% of the fund, of its 35 equity positions, from the holdings filed for May 31, 2026. Source: the fund’s SEC filing.

Hecla Mining Co HL 5.22%
Altria Group Inc MO 5.19%
Honeywell International Inc HON 4.91%
Vail Resorts Inc MTN 4.87%
Visa Inc V 4.69%
Keurig Dr Pepper Inc KDP 4.66%
AGNC INVESTMENT CORP AGNC 4.64%
Alamos Gold Inc AGI 4.43%
EPR Properties 26884U208 4.38%
Essential Utilities Inc WTRG 4.33%
Fund filings on SEC EDGAR ↗Check overlap with another fund →
Head to head
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In plain words

What it tracksNo index, actively managed
Fund typeEquity fund
Category (ETFIQ)Stocks · U.S. mid-cap value
Expense ratio (485BPOS XBRL, Dec 23, 2025)1.20%
Price$25.50
First tradedNov 17, 2020
Net assets (SEC filing, whole fund, as filed for May 31, 2026)$18m
Benchmark (ETFIQ, from its filings)Its own holdings, as of May 31, 2026; its prospectus names no index it tracks
Below its high (ETFIQ)−9.7%
Holdings35
Top ten weight47.3%
Holdings as of (SEC N-PORT)May 31, 2026
Already in the S&P 500, by weight (ETFIQ)50.0%
Active share vs the S&P 500 (ETFIQ)95.0%
Already in the Nasdaq-100, by weight (ETFIQ)7.4%

Questions people ask about LBAY

How has LBAY performed?
Over the year to Oct 9, 2026, LBAY returned +6.6% with distributions reinvested, against +17.3% for the S&P 500. Over three years the figure is +11.2%.
What does LBAY cost?
The prospectus expense ratio is 1.20% a year.
What does LBAY hold?
35 positions as filed for May 31, 2026, with the top ten at 47.3% of the fund. 50% of its weight is in stocks the S&P 500 also holds.
How far is LBAY below its high?
9.7% below its high of Aug 25, 2026, measured on the reinvested series to Oct 9, 2026.
Sources and dates
Prices, LBAY and S&P 500 (SPY)Tiingo end-of-day · Oct 9, 2026
Fee, 1.20%Prospectus filing with the expense ratio (SEC) ↗
Net assets, $18mSEC filing, whole fund · May 31, 2026
HoldingsHoldings filing (SEC Form N-PORT) · May 31, 2026 ↗
IssuerLeatherback website ↗
All fund filingsFund filings on SEC EDGAR ↗
Leatherback’s own site ↗

ETFIQ links to the documents behind every figure; a link is not an endorsement.

How these figures are computed →Standards and sources →Open data →
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ETFIQ, LBAY, stock fund, data as of Oct 9, 2026. https://etfiq.com/funds/lbay

Free to use with attribution for figures ETFIQ computes; issuer data stays under its owner's terms. The underlying files are at Open data.

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