CBLS vs. DWSH ETF Comparison

Comparison of Changebridge Capital Long/Short Equity ETF (CBLS) to AdvisorShares Dorsey Wright Short ETF (DWSH)

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

$26.83

Average Daily Volume

2,139

Number of Holdings ^*

* may have additional holdings in another (foreign) market

DWSH

AdvisorShares Dorsey Wright Short ETF

DWSH Description

The investment seeks capital appreciation through short selling securities. Dorsey, Wright & Associates, LLC (the "Sub-Advisor"), the sub-advisor to the fund, seeks to achieve the fund's investment objective by obtaining short exposure to investment returns of the broad U.S. large-capitalization equity market by engaging in short sales of U.S.-traded equity securities and exchange-traded funds ("ETFs"). Under normal circumstances, the fund invests at least 80% of its net assets (plus any borrowings for investment purposes) in investments that create or result in short exposure to U.S. equity securities.

Grade (RS Rating)

Last Trade

$7.26

Average Daily Volume

22,624

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	CBLS	DWSH
30 Days	4.28%	-0.95%
60 Days	5.58%	0.22%
90 Days	5.18%	0.41%
12 Months	35.65%	-12.87%

3 Overlapping Holdings

Symbol	Grade	Weight in CBLS	Weight in DWSH	Overlap
F	C	-1.41%	-1.05%	-1.41%
INTC	C	2.91%	-1.06%	-1.06%
VSAT	F	-1.75%	-0.79%	-1.75%

CBLS Overweight 60 Positions Relative to DWSH

Symbol	Grade	Weight
NVDA	B	3.31%
LNG	A	3.31%
WTTR	A	3.07%
AMZN	C	2.83%
GTLS	A	2.81%
MGNI	B	2.76%
WMT	A	2.75%
SKY	A	2.73%
BWXT	B	2.7%
COST	A	2.64%
ORCL	A	2.62%
STRL	A	2.54%
CCL	A	2.49%
RDDT	A	2.45%
OSW	B	2.43%
IBN	C	2.38%
ECL	D	2.32%
GD	D	2.32%
NARI	C	2.3%
RTX	D	2.29%
ROL	B	2.28%
D	C	2.24%
AER	A	2.24%
VST	A	2.23%
SO	C	2.23%
NEE	C	2.12%
ERJ	A	2.12%
HUMA	F	2.11%
SCHW	B	2.08%
MC	C	1.98%
ETR	B	1.93%
SCI	B	1.92%
DELL	B	1.91%
TDG	D	1.78%
CRSP	D	0.86%
KLG	B	-0.49%
KDP	F	-0.5%
POST	C	-0.5%
GIS	D	-0.51%
PEP	F	-0.51%
DOOO	F	-0.9%
TTC	C	-0.93%
R	B	-0.95%
GIII	D	-0.97%
PFE	F	-1.06%
SIG	B	-1.07%
JNJ	C	-1.1%
MRNA	F	-1.15%
MIDD	C	-1.16%
ROK	C	-1.17%
ENR	B	-1.19%
AME	A	-1.2%
NVO	F	-1.3%
LLY	F	-1.37%
DE	B	-1.45%
HELE	C	-1.71%
HSY	F	-1.75%
GOGO	C	-1.77%
NOW	A	-1.8%
TSLA	B	-2.63%

CBLS Underweight 95 Positions Relative to DWSH

Symbol	Grade	Weight
HPP	F	--0.62%
XRAY	F	--0.63%
DAN	D	--0.7%
PII	F	--0.7%
APA	D	--0.71%
BIIB	F	--0.74%
TDC	D	--0.76%
TECH	F	--0.77%
WBA	F	--0.77%
NKE	F	--0.79%
BA	F	--0.79%
BRKR	D	--0.8%
COTY	F	--0.8%
LEA	F	--0.8%
ADNT	F	--0.81%
HUN	F	--0.81%
AAP	D	--0.81%
VC	F	--0.81%
IPGP	D	--0.81%
CC	C	--0.81%
MOS	F	--0.82%
DLTR	F	--0.82%
SVC	F	--0.82%
XRX	F	--0.82%
PTEN	C	--0.82%
UPS	C	--0.83%
FMC	D	--0.83%
KSS	F	--0.84%
TRIP	F	--0.84%
LEG	F	--0.86%
MUR	D	--0.87%
JAZZ	B	--0.87%
W	D	--0.87%
SAGE	F	--0.88%
ULTA	F	--0.88%
LKQ	F	--0.89%
RES	D	--0.89%
VAC	C	--0.89%
MCHP	F	--0.89%
RIG	D	--0.89%
HLF	C	--0.9%
CVS	D	--0.91%
EL	F	--0.92%
OXY	D	--0.92%
CBRL	C	--0.92%
SLAB	F	--0.93%
M	F	--0.93%
DG	F	--0.93%
BEN	C	--0.93%
ADM	D	--0.93%
CACC	D	--0.94%
ALGN	D	--0.94%
ENOV	C	--0.95%
OLN	F	--0.95%
SLB	C	--0.96%
SIRI	C	--0.96%
DVN	F	--0.96%
PRGO	C	--0.96%
DINO	D	--0.96%
SNAP	D	--0.96%
HAIN	D	--0.97%
MTN	C	--0.98%
RLJ	C	--0.99%
GT	C	--0.99%
WBD	B	--0.99%
CRL	D	--0.99%
NOV	C	--0.99%
OI	C	--1.0%
EW	C	--1.0%
VRSN	C	--1.01%
CGNX	D	--1.01%
UHAL	D	--1.02%
AGCO	D	--1.02%
ALB	B	--1.04%
ZD	B	--1.05%
BBWI	C	--1.06%
WST	C	--1.06%
HAL	C	--1.07%
HGV	C	--1.07%
VYX	B	--1.08%
CABO	B	--1.08%
TAP	C	--1.11%
EPAM	B	--1.11%
RHI	C	--1.11%
HUM	C	--1.13%
NUS	D	--1.14%
WHR	B	--1.16%
GPN	B	--1.2%
IART	C	--1.27%
AAL	B	--1.29%
LW	C	--1.31%
ODFL	C	--1.31%
DXC	B	--1.33%
PAYC	B	--1.48%
ATUS	B	--1.52%