ANEW vs. CBLS ETF Comparison

Comparison of ProShares MSCI Transformational Changes ETF (ANEW) to Changebridge Capital Long/Short Equity ETF (CBLS)

ANEW

ProShares MSCI Transformational Changes ETF

ANEW Description

The investment seeks investment results, before fees and expenses, that track the performance of the MSCI Global Transformational Changes Index (the index). The fund seeks to invest substantially all of its assets in the securities included in the index. The index selects companies which may benefit from transformational changes in how people work, take care of their health, and consume and connect (Transformational Changes) - changes accelerated by COVID-19.

Grade (RS Rating)

Last Trade

$40.68

Average Daily Volume

290

Number of Holdings ^*

124

* 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

$24.06

Average Daily Volume

4,426

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	ANEW	CBLS
30 Days	-0.96%	3.62%
60 Days	-0.47%	7.93%
90 Days	2.60%	12.59%
12 Months	18.37%	16.43%

11 Overlapping Holdings

Symbol	Grade	Weight in ANEW	Weight in CBLS	Overlap
AAPL	B	1.63%	2.53%	1.63%
AVGO	D	1.79%	2.59%	1.79%
BKNG	C	1.99%	1.85%	1.85%
CTVA	A	2.12%	-0.8%	-0.8%
DXCM	D	0.8%	1.99%	0.8%
INTC	F	0.22%	-0.96%	-0.96%
MSFT	D	1.93%	2.3%	1.93%
NARI	D	0.11%	2.07%	0.11%
NVDA	C	3.04%	2.73%	2.73%
PANW	B	0.24%	2.11%	0.24%
TMDX	B	0.25%	2.27%	0.25%

ANEW Overweight 113 Positions Relative to CBLS

Symbol	Grade	Weight
DASH	D	2.46%
LLY	C	2.41%
META	D	2.38%
AMZN	A	2.26%
DHR	C	2.16%
ABBV	D	2.16%
NFLX	C	2.14%
ISRG	C	2.14%
MKC	B	2.1%
IFF	A	2.1%
GOOGL	A	2.04%
ABT	D	1.94%
DE	B	1.88%
JNJ	F	1.86%
SYK	D	1.84%
BABA	B	1.84%
BSX	A	1.74%
ADBE	D	1.42%
EA	D	1.24%
V	D	1.19%
FMC	C	1.17%
AGCO	D	1.15%
MA	D	1.03%
TTWO	D	0.9%
EW	D	0.84%
SE	B	0.66%
QCOM	B	0.65%
MRNA	B	0.59%
SMPL	B	0.56%
SNAP	B	0.53%
EBAY	C	0.52%
RMD	B	0.51%
HUBS	D	0.51%
PINS	A	0.5%
SXT	A	0.49%
ORCL	D	0.48%
SMG	C	0.46%
CSCO	F	0.46%
ANSS	D	0.43%
NEOG	F	0.41%
HOOD	C	0.37%
COIN	D	0.36%
SPT	F	0.36%
MSTR	D	0.36%
ILMN	F	0.32%
AMD	D	0.32%
ZD	F	0.3%
NTNX	C	0.28%
SWAV	A	0.28%
MARA	C	0.27%
QTWO	A	0.26%
CRWD	D	0.26%
INSP	B	0.26%
CVLT	A	0.26%
DGX	B	0.25%
NTAP	B	0.24%
DOCU	B	0.24%
GDDY	A	0.24%
CYBR	D	0.23%
TTD	B	0.23%
GKOS	B	0.23%
OKTA	D	0.23%
EEFT	C	0.22%
NET	F	0.22%
MEDP	C	0.22%
FTNT	F	0.22%
S	D	0.22%
TENB	D	0.21%
SLAB	D	0.21%
PYPL	B	0.21%
ALTR	C	0.2%
CGNX	B	0.2%
ACN	D	0.2%
VRNS	D	0.2%
TECH	C	0.19%
CHKP	D	0.19%
ASGN	D	0.19%
PCTY	D	0.18%
IDCC	B	0.18%
BL	D	0.18%
BOX	F	0.18%
FFIV	F	0.18%
BLKB	B	0.18%
RARE	F	0.17%
NOVT	D	0.17%
SMAR	D	0.17%
GMED	D	0.17%
QLYS	D	0.17%
SNOW	F	0.17%
CCOI	F	0.17%
RPD	F	0.16%
RIOT	F	0.16%
DT	D	0.16%
AI	F	0.15%
AMBA	F	0.15%
DOCS	F	0.15%
SYNA	F	0.15%
HSIC	D	0.15%
ACHC	F	0.15%
QGEN	C	0.15%
DBX	F	0.15%
IRDM	D	0.15%
PRFT	C	0.14%
FIVN	F	0.14%
BRZE	F	0.14%
GH	D	0.12%
FSLY	F	0.12%
BEAM	F	0.11%
NTLA	F	0.11%
CRSP	F	0.11%
IART	F	0.11%
TXG	F	0.09%
CNMD	F	0.09%

ANEW Underweight 59 Positions Relative to CBLS

Symbol	Grade	Weight
SKY	D	-2.83%
STRL	B	-2.78%
MU	B	-2.73%
ASML	D	-2.69%
RDFN	D	-2.62%
MMYT	B	-2.6%
TCOM	B	-2.57%
HUMA	B	-2.56%
TDG	A	-2.41%
NU	C	-2.33%
GTLS	B	-2.3%
OSW	A	-2.28%
INDI	F	-2.26%
LRCX	D	-2.23%
BLBD	C	-2.21%
SN	A	-2.21%
WTTR	B	-2.17%
ERJ	B	-2.16%
HLX	B	-2.16%
ECL	A	-2.11%
ICFI	C	-2.08%
TSM	C	-2.03%
DKNG	D	-2.01%
IBN	B	-1.88%
RTX	A	-1.81%
FCX	B	-1.8%
GD	A	-1.76%
CHK	B	-1.75%
FTI	A	-1.66%
BBY	D	--0.67%
SIG	D	--0.74%
MIDD	D	--0.78%
CWAN	D	--0.84%
TSLA	D	--0.91%
BXP	F	--0.92%
MPW	D	--0.94%
F	D	--0.94%
BC	D	--0.97%
DOOO	C	--0.98%
BX	D	--0.99%
IBM	D	--0.99%
CHH	C	--1.0%
ONON	C	--1.0%
APO	C	--1.0%
HOG	D	--1.0%
AVY	A	--1.0%
KKR	C	--1.02%
SOFI	F	--1.03%
EWBC	A	--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	A	--1.37%
FIGS	F	--1.38%
LAD	D	--1.41%
BGFV	F	--1.45%