CBSE vs. CBLS ETF Comparison

Comparison of Changebridge Capital Sustainable Equity ETF (CBSE) to Changebridge Capital Long/Short Equity ETF (CBLS)

CBSE

Changebridge Capital Sustainable Equity ETF

CBSE Description

The investment seeks capital appreciation and lower volatility than the broader market. The fund is an actively-managed ETF that seeks to achieve its investment objective by purchasing securities Changebridge Capital, LLC, the fund's investment adviser, believes to have above-average financial characteristics and growth potential that exhibit positive ESG attributes. Under normal circumstances, it will invest at least 80% of its net assets, plus borrowings for investment purposes, in equity securities, including common stocks and depositary receipts, of sustainable companies. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$29.04

Average Daily Volume

887

Number of Holdings ^*

* may have additional holdings in another (foreign) market

CBLS

Changebridge Capital Long/Short Equity ETF

CBLS Description

The investment seeks long-term capital appreciation while minimizing volatility. The Adviser also considers an assessment of a company's ESG attributes in determining the attractiveness of an investment opportunity. In general, the fund's investments are broadly invested over a number of sectors, but it may focus on the technology, consumer, and healthcare sectors. Under normal circumstances, at least 80% of the fund's net assets, plus borrowings for investment purposes, will be invested long or short in equity securities, including common stocks and depositary receipts. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$24.66

Average Daily Volume

4,972

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	CBSE	CBLS
30 Days	6.09%	6.41%
60 Days	9.13%	10.85%
90 Days	11.92%	15.38%
12 Months	26.83%	18.47%

34 Overlapping Holdings

Symbol	Grade	Weight in CBSE	Weight in CBLS	Overlap
AAPL	B	3.1%	2.53%	2.53%
ASML	D	3.18%	2.69%	2.69%
AVGO	C	3.24%	2.59%	2.59%
BLBD	A	2.25%	2.21%	2.21%
CHK	C	2.37%	1.75%	1.75%
DKNG	D	2.54%	2.01%	2.01%
ECL	A	2.57%	2.11%	2.11%
ERJ	C	2.49%	2.16%	2.16%
FCX	A	1.6%	1.8%	1.6%
FTI	B	2.19%	1.66%	1.66%
GTLS	C	1.95%	2.3%	1.95%
HLX	B	1.78%	2.16%	1.78%
HUMA	B	3.38%	2.56%	2.56%
IBN	C	2.3%	1.88%	1.88%
ICFI	B	2.58%	2.08%	2.08%
INDI	F	3.42%	2.26%	2.26%
LRCX	D	2.73%	2.23%	2.23%
MMYT	B	2.49%	2.6%	2.49%
MSFT	C	2.8%	2.3%	2.3%
MU	B	3.04%	2.73%	2.73%
NARI	D	2.53%	2.07%	2.07%
NU	B	2.87%	2.33%	2.33%
NVDA	B	3.02%	2.73%	2.73%
OSW	A	2.23%	2.28%	2.23%
PANW	B	2.55%	2.11%	2.11%
RDFN	C	2.64%	2.62%	2.62%
SKY	D	2.91%	2.83%	2.83%
SN	A	2.51%	2.21%	2.21%
STRL	A	2.9%	2.78%	2.78%
TCOM	A	3.51%	2.57%	2.57%
TDG	A	2.44%	2.41%	2.41%
TMDX	B	2.41%	2.27%	2.27%
TSM	B	2.56%	2.03%	2.03%
WTTR	B	2.36%	2.17%	2.17%

CBSE Overweight 1 Positions Relative to CBLS

	Symbol	Grade	Weight
	BRCC	C	1.85%

CBSE Underweight 36 Positions Relative to CBLS

Symbol	Grade	Weight
DXCM	D	-1.99%
BKNG	B	-1.85%
RTX	A	-1.81%
GD	A	-1.76%
BBY	D	--0.67%
SIG	D	--0.74%
MIDD	F	--0.78%
CTVA	B	--0.8%
CWAN	C	--0.84%
TSLA	D	--0.91%
BXP	D	--0.92%
MPW	C	--0.94%
F	D	--0.94%
INTC	F	--0.96%
BC	D	--0.97%
DOOO	C	--0.98%
BX	C	--0.99%
IBM	D	--0.99%
CHH	F	--1.0%
ONON	D	--1.0%
APO	C	--1.0%
HOG	D	--1.0%
AVY	A	--1.0%
KKR	B	--1.02%
SOFI	F	--1.03%
EWBC	B	--1.06%
CMA	B	--1.08%
MTB	A	--1.09%
ZION	B	--1.1%
WAL	B	--1.11%
PAYX	C	--1.2%
ENR	C	--1.31%
UTHR	B	--1.37%
FIGS	C	--1.38%
LAD	D	--1.41%
BGFV	F	--1.45%