The Leatherback Long/Short Alternative Yield ETF (LBAY) (the “Fund”) NAV declined by 5.32% in June, compared to an advance of 2.33% for the S&P 500 Index. LBAY paid our seventh consecutive monthly distribution of $0.06 per share. This is a 3.61% SEC yield versus the S&P 500 Index dividend yield of approximately 1.35%, and the 10-Year US Treasury yield of approximately 1.47%. Year to date as of June 30, 2021, NAV for the fund has returned 13.51%, compared to 15.25% for the S&P 500 Index. Cumulative since inception (November 16, 2020) performance to date, NAV for the Fund has produced a 18.47% total return.
With employment, the Fed wants to see outcomes, with inflation, they insist it's transitory...It's an intellectual incongruity that risks damaging their credibility if they're wrong." - Paul Tudor Jones3
1 The S&P 500 Index includes 500 leading companies and covers approximately 80% of the available market capitalization. The S&P 500 Dividend Yield is the estimated sum of all dividends paid by the index’s stocks in the last 12 months, divided by the index market capitalization as reported by the S&P. The dividend yield does not represent or predict the performance of the Fund. Indexes are unmanaged and it is not possible to invest in an index.
2 The 30-day SEC yield is calculated from the 30 days ending on the last day of the previous month. This figure approximates the yield an investor would receive in a year, assuming that each bond in the portfolio is held until maturity. View the 30 day SEC yield here.
3 Source: https://www.thestreet.com/
4 Source: Bloomberg
5 Source: https://www.nasdaq.com/
6 Source: https://wolfstreet.com/
7 Source: https://fred.stlouisfed.org/
8 Source: https://www.cnbc.com/