CBLS vs. CLSE ETF Comparison

Comparison of Changebridge Capital Long/Short Equity ETF (CBLS) to Convergence Long/Short Equity ETF (CLSE)

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

$25.71

Average Daily Volume

14,722

Number of Holdings ^*

* may have additional holdings in another (foreign) market

CLSE

Convergence Long/Short Equity ETF

CLSE Description

The investment seeks long-term capital growth. The fund seeks to invest, under normal market conditions, at least 80% of its net assets (plus any borrowings for investment purposes) in long and short positions in equity securities of domestic companies. The adviser intends to maintain a net long exposure (the market value of long positions minus the market value of short positions) of approximately 50% to 100%. Under normal market conditions, the fund’s long positions may range from approximately 90% to 150% and its short positions may range from approximately 20% to 70%.

Grade (RS Rating)

Last Trade

$20.99

Average Daily Volume

46,314

Number of Holdings ^*

343

* may have additional holdings in another (foreign) market

Performance

Period	CBLS	CLSE
30 Days	13.87%	5.85%
60 Days	12.12%	1.79%
90 Days	19.18%	11.23%
12 Months	24.63%	40.90%

22 Overlapping Holdings

Symbol	Grade	Weight in CBLS	Weight in CLSE	Overlap
AAPL	B	2.26%	1.09%	1.09%
BKNG	B	1.85%	0.41%	0.41%
BX	B	-0.93%	-0.34%	-0.93%
CHH	F	-1.15%	-0.15%	-1.15%
CHK	B	1.7%	-0.11%	-0.11%
F	D	-1.19%	0.68%	-1.19%
FCX	B	1.77%	0.46%	0.46%
GTLS	C	2.34%	-0.26%	-0.26%
IBM	D	-0.92%	1.19%	-0.92%
INTC	F	-0.89%	-0.77%	-0.89%
LAD	F	-1.37%	-0.33%	-1.37%
MSFT	B	2.25%	3.38%	2.25%
MU	B	2.46%	2.21%	2.21%
NARI	D	2.14%	-0.18%	-0.18%
NU	B	2.14%	0.54%	0.54%
NVDA	B	2.38%	3.76%	2.38%
SOFI	F	-1.32%	-0.04%	-1.32%
STRL	B	2.55%	0.67%	0.67%
TMDX	B	2.29%	-0.27%	-0.27%
TSLA	D	-2.59%	-0.23%	-2.59%
UTHR	B	-1.27%	-0.42%	-1.27%
WAL	C	-1.05%	-0.18%	-1.05%

CBLS Overweight 46 Positions Relative to CLSE

Symbol	Grade	Weight
RDFN	D	2.85%
HUMA	C	2.76%
SKY	D	2.74%
TCOM	B	2.59%
OSW	A	2.42%
MMYT	C	2.4%
ASML	D	2.37%
AVGO	B	2.32%
TDG	A	2.28%
SN	A	2.26%
WTTR	A	2.25%
LRCX	C	2.13%
HLX	B	2.1%
ERJ	B	2.09%
TSM	B	2.05%
PANW	C	2.03%
ECL	A	2.03%
ICFI	D	1.99%
BLBD	B	1.97%
DKNG	D	1.95%
DXCM	D	1.85%
IBN	B	1.81%
RTX	B	1.8%
GD	B	1.71%
FTI	B	1.59%
BRCC	C	1.35%
BBY	F	-0.64%
SIG	C	-0.71%
CTVA	C	-0.74%
BGFV	F	-0.75%
BXP	C	-0.89%
APO	B	-0.91%
BC	F	-0.92%
DOOO	D	-0.92%
HOG	D	-0.92%
AVY	A	-0.93%
KKR	B	-0.96%
EWBC	C	-0.99%
CMA	C	-1.0%
ZION	C	-1.03%
MTB	C	-1.05%
PAYX	B	-1.14%
MIDD	F	-1.15%
ONON	B	-1.19%
ENR	D	-1.27%
SEDG	F	-1.29%

CBLS Underweight 321 Positions Relative to CLSE

Symbol	Grade	Weight
AMZN	C	-3.35%
GOOGL	A	-2.67%
QCOM	A	-2.54%
GOOG	A	-2.36%
APP	B	-2.25%
META	D	-2.13%
AMAT	B	-2.13%
ANET	B	-1.95%
SNX	A	-1.78%
NTAP	A	-1.74%
NTNX	A	-1.7%
WMT	A	-1.32%
CRWD	B	-1.27%
NFLX	A	-1.1%
HD	D	-1.08%
GDDY	A	-1.04%
APPF	C	-1.04%
MUSA	B	-0.99%
DOCU	C	-0.97%
PAGS	D	-0.93%
CRBG	C	-0.92%
AMG	D	-0.92%
SPOT	B	-0.92%
JPM	C	-0.91%
T	C	-0.9%
SYF	C	-0.9%
OGN	B	-0.89%
PFE	D	-0.87%
PYPL	D	-0.87%
HALO	B	-0.87%
JNJ	D	-0.86%
TW	C	-0.86%
SEIC	D	-0.86%
MTG	C	-0.85%
ABBV	D	-0.84%
COIN	D	-0.84%
AMGN	B	-0.82%
STNE	D	-0.82%
BRBR	C	-0.81%
VTRS	D	-0.81%
LLY	B	-0.81%
MRK	B	-0.8%
MPC	D	-0.79%
MO	A	-0.77%
BAC	A	-0.77%
PPC	B	-0.77%
PBF	D	-0.76%
UBER	D	-0.74%
IESC	C	-0.74%
XOM	B	-0.74%
EME	A	-0.74%
PG	A	-0.73%
VLO	D	-0.73%
PSX	D	-0.73%
FITB	C	-0.73%
SMCI	D	-0.72%
VRT	C	-0.72%
WFC	B	-0.72%
TSN	B	-0.72%
MCK	C	-0.7%
BG	C	-0.7%
GFF	D	-0.69%
GM	C	-0.68%
MLI	B	-0.67%
UMBF	B	-0.66%
CVNA	C	-0.66%
VST	B	-0.66%
THC	B	-0.65%
LNTH	C	-0.65%
FTDR	C	-0.63%
CI	D	-0.62%
CNC	B	-0.62%
OC	B	-0.61%
ITRI	C	-0.61%
LOPE	C	-0.59%
KNF	D	-0.59%
SKYW	C	-0.58%
AGO	D	-0.57%
DVA	B	-0.56%
CAT	C	-0.56%
BCC	D	-0.56%
PEGA	C	-0.55%
PGR	C	-0.53%
NEE	A	-0.53%
CNM	B	-0.52%
LDOS	A	-0.51%
IIPR	B	-0.5%
REZI	C	-0.5%
UHS	B	-0.49%
SLVM	B	-0.48%
AMR	D	-0.48%
HQY	D	-0.48%
FIX	C	-0.48%
PRU	B	-0.48%
CNA	B	-0.47%
RGA	B	-0.47%
EXP	D	-0.46%
MRO	D	-0.44%
PNW	B	-0.44%
GMS	C	-0.44%
EXC	C	-0.44%
DPZ	C	-0.43%
APA	F	-0.43%
STLD	D	-0.42%
BCO	A	-0.42%
EBAY	B	-0.41%
SAIC	B	-0.4%
HRB	A	-0.39%
GRMN	A	-0.38%
NSA	C	-0.38%
GLPI	C	-0.38%
STAG	D	-0.37%
SPG	C	-0.36%
BLDR	D	-0.34%
BLD	D	-0.34%
AMRX	C	-0.34%
SR	B	-0.33%
MDT	B	-0.33%
PEG	A	-0.33%
IBP	D	-0.32%
KR	D	-0.31%
PSTG	B	-0.29%
FDX	F	-0.29%
BAH	B	-0.28%
RPRX	F	-0.28%
AYI	B	-0.27%
WDC	B	-0.26%
NEU	D	-0.26%
UNP	D	-0.24%
ANF	B	-0.24%
SKT	D	-0.24%
J	D	-0.23%
DECK	C	-0.23%
PLTR	D	-0.23%
NTRA	A	-0.22%
FG	C	-0.14%
ACIW	B	-0.12%
MGM	F	-0.12%
MOD	C	-0.12%
DOCS	D	-0.11%
VCTR	A	-0.09%
DNUT	F	--0.04%
GNRC	B	--0.05%
AWR	C	--0.06%
MODG	D	--0.07%
ENPH	F	--0.07%
PYCR	F	--0.07%
TROX	A	--0.07%
SONO	D	--0.08%
RYAN	B	--0.08%
AES	B	--0.08%
PCH	D	--0.08%
VTR	B	--0.08%
JOBY	F	--0.08%
PTCT	C	--0.08%
JBHT	F	--0.08%
IAS	D	--0.08%
PENN	F	--0.09%
DOC	B	--0.09%
CWST	B	--0.09%
ATI	C	--0.09%
MCW	D	--0.09%
CHDN	C	--0.1%
VAC	D	--0.1%
DRVN	F	--0.1%
CROX	B	--0.1%
RRC	B	--0.1%
PNM	D	--0.1%
COLD	D	--0.1%
AEIS	C	--0.11%
LGIH	F	--0.11%
ACVA	B	--0.11%
SUI	D	--0.12%
GOGL	A	--0.12%
TXG	F	--0.12%
KNX	F	--0.12%
DAY	F	--0.12%
ADC	C	--0.12%
IOVA	D	--0.13%
VFC	F	--0.13%
IPAR	F	--0.13%
WTW	D	--0.13%
EXR	C	--0.14%
FL	F	--0.14%
LPX	A	--0.14%
AJG	A	--0.14%
LFST	C	--0.14%
AVAV	B	--0.15%
KVUE	D	--0.15%
EVH	F	--0.15%
CRS	A	--0.15%
WTM	C	--0.15%
ARWR	F	--0.15%
KMPR	C	--0.15%
MASI	D	--0.16%
WAFD	C	--0.16%
COF	D	--0.16%
HAYW	C	--0.16%
CZR	F	--0.16%
RBA	C	--0.16%
UCBI	C	--0.16%
FLNC	D	--0.16%
AXSM	C	--0.16%
ALLY	C	--0.17%
O	C	--0.17%
CNXC	D	--0.17%
DG	D	--0.18%
VVV	D	--0.18%
RUN	D	--0.18%
FOXF	D	--0.18%
XYL	A	--0.18%
PR	D	--0.18%
UHAL	C	--0.18%
APD	C	--0.19%
FCNCA	B	--0.19%
GO	F	--0.19%
GATX	A	--0.19%
FMC	C	--0.19%
BE	C	--0.19%
BANC	C	--0.19%
IRT	C	--0.19%
PLNT	C	--0.19%
DV	F	--0.2%
IRTC	F	--0.2%
LNC	B	--0.2%
GPOR	C	--0.2%
PPBI	C	--0.2%
SBCF	C	--0.21%
ROG	D	--0.21%
UEC	C	--0.21%
SHC	F	--0.21%
NTLA	D	--0.22%
MP	C	--0.22%
SPR	D	--0.22%
PRCT	C	--0.22%
HI	D	--0.22%
AAP	D	--0.22%
ATO	B	--0.22%
NNI	B	--0.23%
HSY	C	--0.23%
SRE	A	--0.23%
DHR	A	--0.23%
FOUR	C	--0.23%
SJM	F	--0.24%
CG	D	--0.24%
DLTR	F	--0.24%
XP	F	--0.25%
RIVN	F	--0.25%
EQT	C	--0.25%
MTN	F	--0.25%
RNR	B	--0.25%
SPT	F	--0.25%
LW	F	--0.25%
CNX	A	--0.26%
HASI	B	--0.26%
FNB	B	--0.26%
NOG	C	--0.27%
EL	F	--0.27%
AGNC	A	--0.27%
BIO	F	--0.27%
TFC	B	--0.27%
NDAQ	B	--0.27%
NOVT	D	--0.27%
AR	B	--0.28%
PFSI	B	--0.28%
CRL	D	--0.28%
FIVE	F	--0.29%
NEOG	F	--0.29%
GS	A	--0.3%
CAR	F	--0.3%
TOST	C	--0.31%
ZI	F	--0.31%
MS	B	--0.31%
ALB	D	--0.31%
INSP	F	--0.31%
CABO	F	--0.33%
IBKR	A	--0.33%
RCM	F	--0.33%
FYBR	B	--0.33%
D	A	--0.34%
CARR	A	--0.34%
UI	C	--0.34%
NXST	D	--0.35%
FSLR	C	--0.36%
QQQ	A	--0.36%
RVMD	B	--0.36%
TTWO	C	--0.37%
MSGS	C	--0.38%
SATS	C	--0.38%
MARA	C	--0.39%
KMX	F	--0.39%
TGNA	D	--0.4%
DAR	D	--0.4%
WBD	F	--0.4%
FIVN	F	--0.41%
VSAT	D	--0.41%
LBRDK	F	--0.41%
IAC	D	--0.41%
BILL	F	--0.42%
CGNX	C	--0.42%
GE	C	--0.42%
RIOT	D	--0.43%
BOOT	B	--0.43%
CFLT	C	--0.43%
MSTR	D	--0.44%
ASAN	D	--0.45%
GFS	C	--0.46%
U	F	--0.46%
RH	D	--0.47%
TXN	A	--0.47%
ALGM	D	--0.48%
FND	D	--0.5%
ORCL	C	--0.52%
TECH	C	--0.52%
BA	D	--0.53%
ZBRA	B	--0.57%
COHR	D	--0.59%
LITE	D	--0.61%
WOLF	D	--0.63%
KLIC	D	--0.65%
MCHP	B	--0.71%