CBLS vs. GPIQ ETF Comparison

Comparison of Changebridge Capital Long/Short Equity ETF (CBLS) to Goldman Sachs Nasdaq-100 Core Premium Income ETF (GPIQ)

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

$26.78

Average Daily Volume

2,122

Number of Holdings ^*

* may have additional holdings in another (foreign) market

GPIQ

Goldman Sachs Nasdaq-100 Core Premium Income ETF

GPIQ Description

The fund invests, under normal circumstances, at least 80% of its net assets plus any borrowings for investment purposes in equity investments of companies that are included in the fund"s benchmark. The fund will generally seek to maintain style, capitalization and industry characteristics similar to its benchmark. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$48.91

Average Daily Volume

65,365

Number of Holdings ^*

102

* may have additional holdings in another (foreign) market

Performance

Period	CBLS	GPIQ
30 Days	4.21%	3.54%
60 Days	5.17%	4.89%
90 Days	4.99%	6.41%
12 Months	35.40%	25.50%

8 Overlapping Holdings

Symbol	Grade	Weight in CBLS	Weight in GPIQ	Overlap
AMZN	C	2.83%	5.3%	2.83%
COST	B	2.64%	2.63%	2.63%
INTC	D	2.91%	0.66%	0.66%
KDP	D	-0.5%	0.27%	-0.5%
MRNA	F	-1.15%	0.09%	-1.15%
NVDA	C	3.31%	8.9%	3.31%
PEP	F	-0.51%	1.37%	-0.51%
TSLA	B	-2.63%	4.13%	-2.63%

CBLS Overweight 55 Positions Relative to GPIQ

Symbol	Grade	Weight
LNG	B	3.31%
WTTR	B	3.07%
GTLS	B	2.81%
MGNI	A	2.76%
WMT	A	2.75%
SKY	A	2.73%
BWXT	B	2.7%
ORCL	B	2.62%
STRL	B	2.54%
CCL	B	2.49%
RDDT	B	2.45%
OSW	A	2.43%
IBN	C	2.38%
ECL	D	2.32%
GD	F	2.32%
NARI	C	2.3%
RTX	C	2.29%
ROL	B	2.28%
D	C	2.24%
AER	B	2.24%
VST	B	2.23%
SO	D	2.23%
NEE	D	2.12%
ERJ	B	2.12%
HUMA	F	2.11%
SCHW	B	2.08%
MC	C	1.98%
ETR	B	1.93%
SCI	B	1.92%
DELL	C	1.91%
TDG	D	1.78%
CRSP	D	0.86%
KLG	C	-0.49%
POST	C	-0.5%
GIS	D	-0.51%
DOOO	F	-0.9%
TTC	D	-0.93%
R	B	-0.95%
GIII	D	-0.97%
PFE	D	-1.06%
SIG	B	-1.07%
JNJ	D	-1.1%
MIDD	C	-1.16%
ROK	B	-1.17%
ENR	B	-1.19%
AME	A	-1.2%
NVO	D	-1.3%
LLY	F	-1.37%
F	C	-1.41%
DE	A	-1.45%
HELE	C	-1.71%
HSY	F	-1.75%
VSAT	F	-1.75%
GOGO	C	-1.77%
NOW	A	-1.8%

CBLS Underweight 94 Positions Relative to GPIQ

Symbol	Grade	Weight
AAPL	C	-8.56%
MSFT	F	-7.66%
AVGO	D	-4.88%
META	D	-4.81%
GOOGL	C	-2.57%
GOOG	C	-2.47%
NFLX	A	-2.38%
TMUS	B	-1.73%
CSCO	B	-1.46%
AMD	F	-1.44%
ADBE	C	-1.41%
LIN	D	-1.35%
ISRG	A	-1.22%
QCOM	F	-1.17%
TXN	C	-1.17%
INTU	C	-1.15%
BKNG	A	-1.06%
CMCSA	B	-1.04%
AMGN	D	-0.96%
HON	B	-0.95%
AMAT	F	-0.89%
PANW	C	-0.8%
ADP	B	-0.77%
VRTX	F	-0.74%
SBUX	A	-0.71%
GILD	C	-0.7%
MU	D	-0.69%
ADI	D	-0.67%
MELI	D	-0.62%
APP	B	-0.6%
LRCX	F	-0.58%
CTAS	B	-0.56%
PYPL	B	-0.55%
MDLZ	F	-0.54%
KLAC	D	-0.53%
CDNS	B	-0.52%
SNPS	B	-0.52%
CRWD	B	-0.52%
REGN	F	-0.51%
PDD	F	-0.5%
MAR	B	-0.5%
MRVL	B	-0.49%
CEG	D	-0.47%
ORLY	B	-0.44%
FTNT	C	-0.44%
CSX	B	-0.43%
DASH	A	-0.43%
ADSK	A	-0.42%
ASML	F	-0.4%
PCAR	B	-0.37%
ABNB	C	-0.37%
ROP	B	-0.37%
NXPI	D	-0.36%
CPRT	A	-0.35%
CHTR	C	-0.35%
WDAY	B	-0.35%
MNST	C	-0.34%
FANG	D	-0.34%
TTD	B	-0.34%
AEP	D	-0.33%
PAYX	C	-0.32%
ROST	C	-0.3%
FAST	B	-0.3%
ODFL	B	-0.29%
EA	A	-0.28%
BKR	B	-0.27%
VRSK	A	-0.26%
DDOG	A	-0.26%
XEL	A	-0.25%
EXC	C	-0.25%
TEAM	A	-0.25%
KHC	F	-0.24%
AZN	D	-0.24%
GEHC	F	-0.24%
CTSH	B	-0.24%
LULU	C	-0.23%
IDXX	F	-0.22%
MCHP	D	-0.22%
CCEP	C	-0.22%
TTWO	A	-0.21%
ZS	C	-0.2%
ANSS	B	-0.19%
CSGP	D	-0.19%
DXCM	D	-0.19%
QQQM	B	-0.18%
ON	D	-0.18%
CDW	F	-0.15%
WBD	C	-0.15%
GFS	C	-0.15%
MDB	C	-0.14%
ILMN	D	-0.14%
BIIB	F	-0.14%
SMCI	F	-0.11%
ARM	D	-0.1%