CBLS vs. DYNF ETF Comparison

Comparison of Changebridge Capital Long/Short Equity ETF (CBLS) to BlackRock U.S. Equity Factor Rotation ETF (DYNF)

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

DYNF

BlackRock U.S. Equity Factor Rotation ETF

DYNF Description

The investment seeks to outperform the investment results of the large- and mid-capitalization U.S. equity markets by providing diversified and tactical exposure to style factors via a factor rotation model. The fund seeks to achieve its investment objective by investing, under normal circumstances, at least 80% of its net assets plus the amount of any borrowings for investment purposes in U.S. listed common stock of large- and mid-capitalization companies selected based on a proprietary Factor Rotation model developed by BFA and its affiliates. It is non-diversified.

Grade (RS Rating)

Last Trade

$44.35

Average Daily Volume

2,353,865

Number of Holdings ^*

130

* may have additional holdings in another (foreign) market

Performance

Period	CBLS	DYNF
30 Days	6.41%	0.91%
60 Days	10.85%	2.81%
90 Days	15.38%	4.58%
12 Months	18.47%	37.21%

13 Overlapping Holdings

Symbol	Grade	Weight in CBLS	Weight in DYNF	Overlap
AAPL	B	2.53%	6.43%	2.53%
AVGO	C	2.59%	2.25%	2.25%
BKNG	B	1.85%	1.16%	1.16%
IBM	D	-0.99%	0.56%	-0.99%
INTC	F	-0.96%	0.23%	-0.96%
LRCX	D	2.23%	0.24%	0.24%
MSFT	C	2.3%	8.69%	2.3%
MU	B	2.73%	0.0%	0.0%
NU	C	2.33%	0.01%	0.01%
NVDA	B	2.73%	6.23%	2.73%
PANW	B	2.11%	1.08%	1.08%
RTX	A	1.81%	0.15%	0.15%
TSLA	D	-0.91%	1.08%	-0.91%

CBLS Overweight 57 Positions Relative to DYNF

Symbol	Grade	Weight
SKY	D	2.83%
STRL	B	2.78%
ASML	D	2.69%
RDFN	D	2.62%
MMYT	B	2.6%
TCOM	A	2.57%
HUMA	B	2.56%
TDG	A	2.41%
GTLS	B	2.3%
OSW	B	2.28%
TMDX	B	2.27%
INDI	F	2.26%
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%
NARI	F	2.07%
TSM	B	2.03%
DKNG	D	2.01%
DXCM	D	1.99%
IBN	B	1.88%
FCX	B	1.8%
GD	A	1.76%
CHK	B	1.75%
FTI	B	1.66%
BBY	D	-0.67%
SIG	D	-0.74%
MIDD	F	-0.78%
CTVA	B	-0.8%
CWAN	D	-0.84%
BXP	F	-0.92%
MPW	D	-0.94%
F	D	-0.94%
BC	D	-0.97%
DOOO	C	-0.98%
BX	D	-0.99%
CHH	F	-1.0%
ONON	D	-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	D	-1.2%
ENR	C	-1.31%
UTHR	B	-1.37%
FIGS	D	-1.38%
LAD	D	-1.41%
BGFV	F	-1.45%

CBLS Underweight 117 Positions Relative to DYNF

Symbol	Grade	Weight
AMZN	A	-4.57%
BRK.A	D	-3.74%
V	C	-3.72%
JPM	B	-3.71%
META	D	-3.38%
GOOGL	B	-3.2%
UNH	C	-2.3%
XOM	B	-2.15%
MA	D	-1.96%
PGR	A	-1.88%
CRM	D	-1.6%
GOOG	B	-1.55%
COST	B	-1.39%
AMD	D	-1.31%
LLY	C	-1.25%
PCAR	D	-1.23%
WMT	C	-1.22%
NOW	D	-1.22%
ADBE	D	-1.16%
MRK	B	-1.12%
PG	A	-1.08%
EG	C	-1.05%
PSX	D	-0.96%
TT	A	-0.96%
CAT	D	-0.93%
TJX	C	-0.92%
WFC	A	-0.85%
CMG	A	-0.82%
PHM	B	-0.81%
ORCL	D	-0.78%
DELL	B	-0.77%
GE	A	-0.74%
DHI	D	-0.74%
MPC	D	-0.73%
QCOM	B	-0.72%
NFLX	C	-0.71%
GM	B	-0.7%
GWW	D	-0.67%
CRWD	C	-0.67%
CSCO	D	-0.63%
HD	D	-0.63%
LIN	D	-0.62%
CI	D	-0.55%
INTU	D	-0.52%
WDAY	F	-0.52%
ACGL	A	-0.49%
AXP	A	-0.43%
AMAT	C	-0.41%
CMI	B	-0.4%
VLO	D	-0.38%
LEN	D	-0.37%
DECK	D	-0.35%
ABBV	D	-0.34%
MELI	B	-0.33%
UBER	D	-0.32%
MCK	B	-0.32%
EBAY	D	-0.31%
BAC	B	-0.29%
KLAC	A	-0.24%
CBOE	C	-0.24%
ROST	D	-0.23%
ALL	B	-0.21%
CVX	B	-0.2%
TRV	D	-0.2%
C	A	-0.19%
MET	C	-0.19%
HPE	D	-0.18%
WM	B	-0.17%
AFL	A	-0.16%
OC	B	-0.16%
JCI	B	-0.14%
CME	C	-0.13%
HUM	F	-0.12%
ANET	C	-0.1%
EA	F	-0.09%
ORLY	D	-0.09%
ETN	A	-0.08%
MO	A	-0.08%
COIN	D	-0.08%
HIG	C	-0.07%
APP	B	-0.07%
AZO	D	-0.07%
FTNT	F	-0.06%
PYPL	C	-0.05%
CELH	D	-0.05%
DINO	D	-0.05%
CMCSA	D	-0.04%
ZM	F	-0.03%
FCNCA	B	-0.02%
DIS	D	-0.01%
NTNX	A	-0.01%
SNOW	F	-0.0%
MAR	D	-0.0%
CNM	A	-0.0%
SNPS	D	-0.0%
SMCI	D	-0.0%
CVS	F	-0.0%
ACN	D	-0.0%
NUE	F	-0.0%
IR	D	-0.0%
RSG	C	-0.0%
SPOT	B	-0.0%
WTW	D	-0.0%
CDNS	D	-0.0%
GEV	C	-0.0%
FICO	C	-0.0%
BLDR	D	-0.0%
PH	B	-0.0%
LNG	D	-0.0%
RCL	A	-0.0%
AXS	A	-0.0%
CPNG	B	-0.0%
M	D	-0.0%
ABNB	D	-0.0%
NOC	B	-0.0%
EXPE	F	-0.0%
MUSA	D	-0.0%