CBLS vs. BLV ETF Comparison

Comparison of Changebridge Capital Long/Short Equity ETF (CBLS) to Vanguard Long-Term Bond ETF (BLV)

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

$25.33

Average Daily Volume

6,097

Number of Holdings ^*

* may have additional holdings in another (foreign) market

BLV

Vanguard Long-Term Bond ETF

BLV Description

The investment seeks to track the performance of a market-weighted bond index with a long-term dollar-weighted average maturity. The fund employs an indexing investment approach designed to track the performance of the Barclays U.S. Long Government/Credit Float Adjusted Index. This Index includes all medium and larger issues of U.S. government, investment-grade corporate, and investment-grade international dollar-denominated bonds that have maturities of greater than 10 years and are publicly issued. All of the fund's investments will be selected through the sampling process, and at least 80% of the fund's assets will be invested in bonds held in the index.

Grade (RS Rating)

Last Trade

$70.71

Average Daily Volume

847,122

Number of Holdings ^*

344

* may have additional holdings in another (foreign) market

Performance

Period	CBLS	BLV
30 Days	8.92%	1.02%
60 Days	12.41%	-1.12%
90 Days	16.37%	-0.46%
12 Months	22.48%	-2.10%

11 Overlapping Holdings

Symbol	Grade	Weight in CBLS	Weight in BLV	Overlap
AAPL	B	2.53%	0.02%	0.02%
AVGO	C	2.59%	0.03%	0.03%
ECL	B	2.11%	0.01%	0.01%
GD	B	1.76%	0.01%	0.01%
HOG	D	-1.0%	0.01%	-1.0%
IBM	D	-0.99%	0.01%	-0.99%
INTC	F	-0.96%	0.01%	-0.96%
LRCX	D	2.23%	0.01%	0.01%
MSFT	C	2.3%	0.01%	0.01%
NVDA	B	2.73%	0.02%	0.02%
RTX	B	1.81%	0.01%	0.01%

CBLS Overweight 59 Positions Relative to BLV

Symbol	Grade	Weight
SKY	D	2.83%
STRL	B	2.78%
MU	B	2.73%
ASML	D	2.69%
RDFN	C	2.62%
MMYT	A	2.6%
TCOM	A	2.57%
HUMA	B	2.56%
TDG	C	2.41%
NU	C	2.33%
GTLS	C	2.3%
OSW	B	2.28%
TMDX	B	2.27%
INDI	F	2.26%
BLBD	A	2.21%
SN	B	2.21%
WTTR	A	2.17%
ERJ	A	2.16%
HLX	B	2.16%
PANW	C	2.11%
ICFI	D	2.08%
NARI	D	2.07%
TSM	B	2.03%
DKNG	C	2.01%
DXCM	D	1.99%
IBN	C	1.88%
BKNG	B	1.85%
FCX	A	1.8%
CHK	B	1.75%
FTI	B	1.66%
BBY	D	-0.67%
SIG	C	-0.74%
MIDD	F	-0.78%
CTVA	B	-0.8%
CWAN	C	-0.84%
TSLA	D	-0.91%
BXP	C	-0.92%
MPW	C	-0.94%
F	D	-0.94%
BC	D	-0.97%
DOOO	C	-0.98%
BX	C	-0.99%
CHH	F	-1.0%
ONON	C	-1.0%
APO	D	-1.0%
AVY	A	-1.0%
KKR	B	-1.02%
SOFI	D	-1.03%
EWBC	B	-1.06%
CMA	B	-1.08%
MTB	A	-1.09%
ZION	B	-1.1%
WAL	B	-1.11%
PAYX	B	-1.2%
ENR	C	-1.31%
UTHR	A	-1.37%
FIGS	C	-1.38%
LAD	D	-1.41%
BGFV	D	-1.45%

CBLS Underweight 333 Positions Relative to BLV

Symbol	Grade	Weight
WIT	D	-1.44%
MDT	C	-0.05%
COST	B	-0.04%
FITB	B	-0.04%
HPE	C	-0.04%
WY	D	-0.04%
EQH	B	-0.04%
ALLY	A	-0.04%
CARR	B	-0.04%
DD	B	-0.04%
DELL	A	-0.04%
HPQ	C	-0.03%
NUE	D	-0.03%
SCCO	A	-0.03%
TAP	D	-0.03%
CRM	D	-0.03%
HAL	D	-0.03%
BHP	C	-0.03%
CSCO	D	-0.03%
AMZN	B	-0.03%
PYPL	C	-0.02%
TEL	A	-0.02%
CF	D	-0.02%
AXP	A	-0.02%
CME	D	-0.02%
OHI	C	-0.02%
LEA	D	-0.02%
MDLZ	B	-0.02%
VMC	B	-0.02%
BHF	F	-0.02%
FANG	C	-0.02%
AJG	B	-0.02%
EBAY	B	-0.02%
GPN	F	-0.02%
WU	D	-0.02%
WHR	F	-0.02%
MAR	D	-0.02%
ADI	A	-0.02%
ICE	C	-0.02%
VLO	D	-0.02%
CAG	C	-0.02%
GOOGL	B	-0.02%
GM	B	-0.02%
BIIB	C	-0.02%
BABA	C	-0.02%
FOXA	B	-0.02%
PSX	D	-0.02%
VTRS	D	-0.02%
GSK	A	-0.02%
MS	A	-0.02%
AMGN	B	-0.02%
ABBV	D	-0.02%
CPT	B	-0.01%
VTR	B	-0.01%
STLD	D	-0.01%
WPC	C	-0.01%
RPM	C	-0.01%
PECO	F	-0.01%
DOC	A	-0.01%
SCHW	A	-0.01%
BAX	F	-0.01%
AIZ	D	-0.01%
AGO	D	-0.01%
AES	B	-0.01%
CHD	B	-0.01%
ADC	B	-0.01%
AAT	B	-0.01%
BEN	F	-0.01%
CACC	D	-0.01%
HIW	A	-0.01%
JD	C	-0.01%
FRT	C	-0.01%
FNF	B	-0.01%
REG	D	-0.01%
AVA	B	-0.01%
CHI	B	-0.01%
UDR	B	-0.01%
SWX	C	-0.01%
TJX	B	-0.01%
SIGI	F	-0.01%
DT	D	-0.01%
EXR	B	-0.01%
DRI	D	-0.01%
XYL	A	-0.01%
MKC	C	-0.01%
OPI	D	-0.01%
PDM	B	-0.01%
K	B	-0.01%
JNPR	D	-0.01%
IDA	B	-0.01%
DGX	B	-0.01%
MAA	C	-0.01%
LXP	D	-0.01%
KRC	C	-0.01%
MDC	A	-0.01%
KSS	C	-0.01%
WELL	B	-0.01%
WTRG	B	-0.01%
WRK	A	-0.01%
ORI	A	-0.01%
OC	A	-0.01%
NYC	C	-0.01%
NWE	B	-0.01%
MSI	A	-0.01%
KIM	C	-0.01%
HON	B	-0.01%
INGR	B	-0.01%
EQIX	C	-0.01%
EOG	C	-0.01%
FTV	D	-0.01%
DOV	B	-0.01%
CAH	F	-0.01%
ALB	D	-0.01%
BWA	C	-0.01%
AFL	A	-0.01%
AFG	C	-0.01%
CFG	A	-0.01%
APTV	C	-0.01%
CPB	C	-0.01%
COO	D	-0.01%
UAL	B	-0.01%
VOYA	B	-0.01%
VMI	C	-0.01%
STE	B	-0.01%
SNA	D	-0.01%
ROK	F	-0.01%
RF	B	-0.01%
SBRA	B	-0.01%
ZBH	D	-0.01%
NOV	D	-0.01%
NNN	A	-0.01%
NDAQ	D	-0.01%
OGE	A	-0.01%
LHX	A	-0.01%
LH	D	-0.01%
NXPI	A	-0.01%
IVZ	C	-0.01%
HRL	C	-0.01%
JEF	B	-0.01%
HAS	C	-0.01%
L	B	-0.01%
ESS	A	-0.01%
DG	D	-0.01%
FE	A	-0.01%
EE	C	-0.01%
EA	F	-0.01%
FMC	C	-0.01%
CMI	B	-0.01%
AVB	A	-0.01%
CL	A	-0.01%
CINF	D	-0.01%
UNM	B	-0.01%
PKG	D	-0.01%
PFG	B	-0.01%
REGN	B	-0.01%
SPGI	B	-0.01%
EG	B	-0.01%
SYK	D	-0.01%
SWK	C	-0.01%
VRSK	B	-0.01%
STZ	D	-0.01%
PEG	A	-0.01%
AON	D	-0.01%
WEC	B	-0.01%
ATO	C	-0.01%
AEP	B	-0.01%
AEE	C	-0.01%
ADM	C	-0.01%
ACGL	B	-0.01%
ARE	C	-0.01%
CTS	B	-0.01%
DTE	B	-0.01%
EVRG	B	-0.01%
FIS	A	-0.01%
ETN	B	-0.01%
ALL	C	-0.01%
AWK	C	-0.01%
HIG	B	-0.01%
IFF	B	-0.01%
JCI	B	-0.01%
KMB	C	-0.01%
ES	C	-0.01%
EQR	A	-0.01%
EL	F	-0.01%
KDP	A	-0.01%
HUM	D	-0.01%
MLM	C	-0.01%
OTIS	C	-0.01%
NEE	A	-0.01%
LNC	B	-0.01%
OKE	A	-0.01%
LIN	D	-0.01%
OGS	D	-0.01%
O	C	-0.01%
MCO	A	-0.01%
PPL	A	-0.01%
XEL	C	-0.01%
MOS	F	-0.01%
MAS	D	-0.01%
TRV	D	-0.01%
PNW	B	-0.01%
PLD	F	-0.01%
SJM	F	-0.01%
RSG	D	-0.01%
RPRX	F	-0.01%
SHW	D	-0.01%
PG	A	-0.01%
TCN	A	-0.01%
TT	B	-0.01%
CMS	B	-0.01%
BKH	B	-0.01%
APD	C	-0.01%
CCI	C	-0.01%
AMAT	B	-0.01%
CP	D	-0.01%
TGT	D	-0.01%
CNP	B	-0.01%
EMN	B	-0.01%
DE	B	-0.01%
IPG	C	-0.01%
IP	B	-0.01%
JBLU	D	-0.01%
GWW	D	-0.01%
NI	A	-0.01%
PAA	C	-0.01%
MKL	A	-0.01%
MRO	D	-0.01%
ITW	D	-0.01%
HSY	C	-0.01%
WRB	D	-0.01%
WM	B	-0.01%
WLK	B	-0.01%
LNT	B	-0.01%
KR	D	-0.01%
EQNR	C	-0.01%
EIX	A	-0.01%
ED	A	-0.01%
D	B	-0.01%
CVX	B	-0.01%
GIS	C	-0.01%
KOF	B	-0.01%
KLAC	A	-0.01%
NKE	F	-0.01%
MMC	B	-0.01%
NEM	B	-0.01%
NSC	D	-0.01%
WBA	F	-0.01%
LLY	C	-0.01%
MCD	F	-0.01%
ZTS	C	-0.01%
LYB	C	-0.01%
TMO	B	-0.01%
PM	A	-0.01%
PH	B	-0.01%
RJF	B	-0.01%
AMT	C	-0.01%
UPS	D	-0.01%
DVN	D	-0.01%
CSX	D	-0.01%
EXC	B	-0.01%
DOW	B	-0.01%
BSX	B	-0.01%
ETR	B	-0.01%
HES	C	-0.01%
DHR	A	-0.01%
MPC	D	-0.01%
GLW	A	-0.01%
MMM	B	-0.01%
MUFG	C	-0.01%
PEP	B	-0.01%
SBUX	F	-0.01%
SPG	C	-0.01%
SRE	B	-0.01%
PHM	B	-0.01%
PGR	B	-0.01%
MET	A	-0.01%
AIG	B	-0.01%
ET	B	-0.01%
FDX	D	-0.01%
MRK	C	-0.01%
WMB	A	-0.01%
LMT	B	-0.01%
SYY	D	-0.01%
PRU	A	-0.01%
CAT	C	-0.01%
TXN	A	-0.01%
TSN	B	-0.01%
KO	A	-0.01%
EPD	B	-0.01%
MPLX	C	-0.01%
WMT	D	-0.01%
BDX	F	-0.01%
C	A	-0.01%
GILD	F	-0.01%
LOW	D	-0.01%
SO	A	-0.01%
MA	D	-0.01%
UNH	B	-0.01%
CB	B	-0.01%
DUK	B	-0.01%
JNJ	D	-0.01%
HCA	D	-0.01%
KMI	A	-0.01%
ABT	F	-0.01%
DIS	D	-0.01%
MO	A	-0.01%
QCOM	A	-0.01%
UNP	B	-0.01%
CI	D	-0.01%
COP	D	-0.01%
NOC	C	-0.01%
V	C	-0.01%
AZN	A	-0.01%
XOM	B	-0.01%
VOD	C	-0.01%
BMY	F	-0.01%
JPM	A	-0.01%
TMUS	D	-0.01%
HSBC	A	-0.01%
HD	D	-0.01%
ORCL	C	-0.01%
PCG	B	-0.01%
CMCSA	D	-0.01%
CHTR	D	-0.01%
PFE	C	-0.01%
VZ	C	-0.01%
WFC	A	-0.01%
BAC	A	-0.01%
BA	D	-0.01%
T	B	-0.01%
GS	A	-0.01%
CVS	F	-0.01%
GE	C	-0.01%