CBLS vs. HAIL ETF Comparison

Comparison of Changebridge Capital Long/Short Equity ETF (CBLS) to SPDR S&P Kensho Smart Mobility ETF (HAIL)

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

$23.08

Average Daily Volume

4,186

Number of Holdings ^*

* may have additional holdings in another (foreign) market

HAIL

SPDR S&P Kensho Smart Mobility ETF

HAIL Description

The investment seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of the S&P Kensho Smart Transportation Index. Under normal market conditions, the fund generally invests substantially all, but at least 80%, of its total assets in the securities comprising the index. The index is comprised of U.S.-listed equity securities (including depositary receipts) of companies domiciled across developed and emerging markets worldwide which are included in the Smart Transportation sector as determined by a classification standard produced by the index provider. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$27.36

Average Daily Volume

15,557

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	CBLS	HAIL
30 Days	0.05%	-8.85%
60 Days	2.96%	-7.20%
90 Days	8.68%	-2.00%
12 Months	12.06%	-1.10%

5 Overlapping Holdings

Symbol	Grade	Weight in CBLS	Weight in HAIL	Overlap
BLBD	D	2.11%	1.85%	1.85%
F	D	-1.05%	1.89%	-1.05%
INDI	D	1.3%	1.2%	1.2%
INTC	F	-1.0%	0.87%	-1.0%
NVDA	C	2.55%	3.04%	2.55%

CBLS Overweight 63 Positions Relative to HAIL

Symbol	Grade	Weight
FCX	A	3.13%
AVGO	D	2.85%
ASML	D	2.79%
SKY	D	2.6%
TCOM	A	2.56%
MMYT	A	2.55%
HUMA	A	2.54%
AAPL	F	2.46%
FANG	B	2.44%
STRL	D	2.43%
TDG	A	2.41%
EG	D	2.4%
TMDX	A	2.38%
MSFT	C	2.34%
LRCX	D	2.3%
MU	B	2.21%
GTLS	D	2.2%
DXCM	D	2.2%
NU	C	2.2%
SN	A	2.17%
IBN	A	2.14%
ERJ	A	2.12%
PANW	B	2.09%
ECL	B	2.08%
TSM	C	2.06%
ICFI	C	2.04%
DKNG	C	1.99%
NOC	A	1.98%
NARI	D	1.92%
HLX	B	1.9%
CHK	B	1.89%
BKNG	D	1.87%
RTX	A	1.86%
GD	A	1.79%
WTTR	B	1.79%
FTI	B	1.73%
NFE	F	1.69%
RIG	F	1.66%
HOG	F	-0.4%
BC	D	-0.69%
SOFI	F	-0.75%
POOL	D	-0.79%
AVY	B	-0.79%
IBM	D	-0.9%
CHH	D	-0.91%
DOOO	B	-0.93%
YETI	F	-0.96%
ONON	D	-0.98%
BXP	D	-0.98%
BGFV	F	-1.05%
BALL	A	-1.06%
ZION	A	-1.08%
WAL	C	-1.09%
EWBC	A	-1.09%
CMA	B	-1.1%
MTB	A	-1.13%
PAYX	C	-1.25%
UTHR	A	-1.27%
ENR	B	-1.34%
FIGS	D	-1.39%
LAD	F	-1.44%
LOW	D	-1.45%
BBY	D	-1.45%

CBLS Underweight 67 Positions Relative to HAIL

Symbol	Grade	Weight
GM	A	-2.2%
ALSN	D	-2.16%
ASPN	D	-2.12%
LYFT	D	-2.11%
MOD	B	-2.1%
TRMB	D	-2.05%
QCOM	C	-2.01%
GTX	C	-2.0%
CMI	B	-1.99%
AUR	B	-1.93%
VNT	D	-1.93%
ANSS	D	-1.87%
UBER	D	-1.82%
ALGM	D	-1.8%
GRAB	A	-1.79%
TXT	D	-1.78%
THRM	D	-1.75%
HMC	D	-1.73%
EH	B	-1.69%
BWA	B	-1.6%
AXL	B	-1.56%
LEA	F	-1.55%
VC	D	-1.47%
ON	D	-1.46%
SANM	C	-1.45%
DAN	B	-1.43%
APTV	F	-1.39%
STM	F	-1.37%
BLNK	F	-1.34%
TM	D	-1.34%
NXPI	B	-1.33%
PCAR	D	-1.33%
HEI	A	-1.32%
R	A	-1.3%
TXN	A	-1.28%
HII	C	-1.27%
STLA	D	-1.23%
REVG	A	-1.2%
AMBA	D	-1.19%
ST	B	-1.19%
ENPH	F	-1.18%
MT	D	-1.13%
TSLA	C	-1.11%
LI	D	-1.1%
NKLA	F	-1.03%
BIDU	C	-1.0%
PLUG	F	-0.95%
NIO	D	-0.91%
MATW	F	-0.88%
LCID	F	-0.88%
LAZR	F	-0.87%
PSNY	F	-0.86%
CAR	F	-0.84%
HY	D	-0.82%
SEDG	F	-0.81%
RIVN	F	-0.78%
INVZ	F	-0.73%
XPEV	F	-0.73%
LXFR	B	-0.69%
MVIS	F	-0.62%
HTZ	F	-0.56%
MAXN	F	-0.52%
REKR	F	-0.5%
ITRN	D	-0.48%
BLDE	A	-0.47%
LEV	F	-0.15%
YNDX	C	-0.0%