WE ARE CHANGING THE GAME.
Leatherback is disrupting the ETF industry by providing actively-managed alternatives in a cost-effective, liquid, tax-efficient ETF structure.
Leatherback sea turtles are the largest, fastest turtles with the most hydrodynamic body. Leatherback ETFs have the capacity for large allocations, are designed to grow quickly and are inherently liquid. The depth and breadth of our research process is illustrated by the migration patterns of Leatherback sea turtles, who swim over 10,000 miles per year and dive deeper than any known turtle.
The Leatherback team, located in Palm Beach Gardens, Florida, offers a depth of knowledge and applied experience in long/short investing, quantitative and fundamental research, risk mitigation, and active management.
WE ARE DEEPLY ENGAGED WITH OUR LOCAL COMMUNITY
Our primary purpose is to provide all investors access to institutional-quality alternative investments with the benefits of an ETF structure. We think this is important work. We also believe in the importance of giving back. It is our hope that our strategies empower investors to give back in meaningful ways. Our founder wants to set the example with the Palm Beach Gardens Sportsplex. We invite you to learn more.
We are filling the void in the ETF industry by providing actively managed, long/short ETFs.
Our Founder has over 20 years of experience managing long/short investment vehicles.
We are committed to success by integrating our conviction in long/short investing with the experience we’ve accumulated over the years.
We are focused on our mission as asset management firm as well as our purpose to give back to our communities.
Leatherback’s core competency is in long/short investing. This skill is not commonly found in the ETF or mutual fund investment managers. Many investors are often limited to long-only or index-based strategies that focus on beta. Long/short strategies give investors an opportunity to seek alpha, or excess return relative to an index.
© Leatherback Asset Management
Before investing you should carefully consider the Fund's investment objectives, risks, charges and expenses. This and other information is in the prospectus. A prospectus may be obtained by clicking here. Please read the prospectus carefully before you invest.
“Long” and “short” are investment terms used to describe ownership of securities. To buy securities is to “go long.” The opposite of going long is “selling short.” Short selling is an advanced trading strategy that involves selling a borrowed security. Short sellers make a profit if the price of the security goes down and they are able to buy the security at a lower amount than the price at which they sold the security short.
Since the Funds are actively managed they do not seek to replicate the performance of a specified index. The Funds therefore may have higher portfolio turnover and trading costs than index-based funds.
LBAY Risks: Investing involves risk, including the loss of principal. As with all ETFs, Fund shares may be bought and sold in the secondary market at market prices. The market price normally should approximate the Fund’s net asset value per share (NAV), but the market price sometimes may be higher or lower than the NAV. The Fund is new with a limited operating history. There are a limited number of financial institutions authorized to buy and sell shares directly with the Fund; and there may be a limited number of other liquidity providers in the marketplace. There is no assurance that Fund shares will trade at any volume, or at all, on any stock exchange. Low trading activity may result in shares trading at a material discount to NAV.
The Fund uses short sales and derivatives (options), both of which may involve substantial risk. The loss on a short sale is in principle unlimited since there is no upward limit on the price of a shorted asset. The potential loss from a derivative may be greater than the amount invested due to counter-party default; illiquidity; or other factors. The Fund may hold illiquid assets which may cause a loss if the Fund is unable to sell an asset at a beneficial time or price.
Through its investments in real estate investment trusts (REITs), the Fund is subject to the risks of investing in the real estate market, including decreases in property revenues, increases in interest rates, increases in property taxes and operating expenses, legal and regulatory changes, a lack of credit or capital, defaults by borrowers or tenants, environmental problems and natural disasters.
The Fund’s exposure to master limited partnerships (MLPs) may subject the Fund to greater volatility than investments in traditional securities. The value of MLPs and MLP based exchange traded funds and notes may be affected by changes in overall market movements, commodity index volatility, changes in interest rates, or sectors affecting a particular industry or commodity, such as drought, floods, weather, livestock disease, embargoes, tariffs, and international economic, political and regulatory developments.
Business development companies (BDCs) generally invest in debt securities that are not rated by a credit rating agency and are considered below investment grade quality (“junk bonds”). Little public information generally exists for the type of companies in which a BDC may invest and, therefore, there is a risk that the Fund may not be able to make a fully informed evaluation of the BDC and its portfolio of investments.
The Fund is classified as “non-diversified” and may invest a relatively high percentage of its assets in a limited number of issuers. As a result, the fund may be more susceptible to a single adverse economic or regulatory occurrence affecting one or more of these issuers, experience increased volatility and be highly concentrated in certain issuers.
Foreside Fund Services, LLC, Distributor
Tidal ETF Services, Launch and Structure Partner
Leatherback Asset Management, Foreside Fund Services, and Tidal ETF Services are not affiliated.