CBLS vs. PSCH ETF Comparison

Comparison of Changebridge Capital Long/Short Equity ETF (CBLS) to PowerShares S&P SmallCap Health Care Portfolio (PSCH)

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

PSCH

PowerShares S&P SmallCap Health Care Portfolio

PSCH Description

The PowerShares S&P SmallCap Health Care Portfolio (Fund) is based on the S&P SmallCap 600Â® Capped Health Care Index (Index). The Fund will normally invest at least 90% of its total assets in common stocks that comprise the Index. The Index is designed to measure the overall performance of common stocks in the health care sector. Included are healthcare companies principally engaged in the business of providing healthcare-related products and services, including biotechnology, pharmaceuticals, medical technology and supplies, and facilities. The Index is a subset of the S&P SmallCap 600Â® Index, which is a float-adjusted, market-capitalization-weighted index reflecting the US small-cap market. The Fund and the Index are rebalanced and reconstituted quarterly.

Grade (RS Rating)

Last Trade

$45.92

Average Daily Volume

12,059

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	CBLS	PSCH
30 Days	4.28%	3.39%
60 Days	5.58%	-1.56%
90 Days	5.18%	-1.86%
12 Months	35.65%	22.54%

1 Overlapping Holdings

	Symbol	Grade	Weight in CBLS	Weight in PSCH	Overlap
	NARI	C	2.3%	1.72%	1.72%

CBLS Overweight 62 Positions Relative to PSCH

Symbol	Grade	Weight
NVDA	B	3.31%
LNG	A	3.31%
WTTR	A	3.07%
INTC	C	2.91%
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%
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%
F	C	-1.41%
DE	B	-1.45%
HELE	C	-1.71%
HSY	F	-1.75%
VSAT	F	-1.75%
GOGO	C	-1.77%
NOW	A	-1.8%
TSLA	B	-2.63%

CBLS Underweight 68 Positions Relative to PSCH

Symbol	Grade	Weight
GKOS	B	-5.03%
MMSI	A	-4.05%
INSP	D	-3.5%
RDNT	B	-3.44%
CORT	B	-3.27%
ADMA	B	-3.05%
ALKS	C	-3.03%
ITGR	B	-3.02%
KRYS	C	-2.97%
ICUI	D	-2.78%
PBH	A	-2.7%
HIMS	B	-2.66%
TGTX	B	-2.64%
OGN	F	-2.6%
SEM	B	-2.58%
CRVL	B	-2.16%
TMDX	F	-1.81%
VCEL	B	-1.73%
PTGX	D	-1.59%
PINC	B	-1.57%
CPRX	C	-1.55%
CNMD	C	-1.46%
PRVA	C	-1.44%
ADUS	D	-1.42%
LMAT	A	-1.42%
OMCL	C	-1.42%
UFPT	C	-1.36%
LGND	C	-1.36%
SUPN	C	-1.3%
NEO	C	-1.29%
TNDM	D	-1.26%
ASTH	F	-1.13%
FTRE	D	-1.13%
AMPH	F	-1.12%
PDCO	F	-1.1%
NHC	C	-1.02%
IART	C	-1.0%
XNCR	B	-0.96%
DVAX	C	-0.95%
MYGN	F	-0.92%
USPH	B	-0.91%
STAA	F	-0.87%
HRMY	D	-0.84%
MD	C	-0.82%
PGNY	F	-0.73%
CERT	F	-0.73%
INVA	D	-0.7%
AHCO	F	-0.68%
AORT	B	-0.67%
AMN	F	-0.67%
SDGR	C	-0.67%
COLL	F	-0.63%
OMI	F	-0.61%
ANIP	F	-0.61%
EMBC	C	-0.56%
AVNS	F	-0.56%
RCUS	F	-0.52%
PCRX	C	-0.51%
HSTM	B	-0.5%
BLFS	C	-0.49%
CTKB	C	-0.43%
VIR	D	-0.43%
IRWD	F	-0.38%
MLAB	F	-0.37%
PAHC	C	-0.33%
SLP	D	-0.31%
RGNX	D	-0.31%
FLGT	F	-0.22%