CBSE vs. FPXI ETF Comparison

Comparison of Changebridge Capital Sustainable Equity ETF (CBSE) to First Trust International IPO ETF (FPXI)

CBSE

Changebridge Capital Sustainable Equity ETF

CBSE Description

The investment seeks capital appreciation and lower volatility than the broader market. The fund is an actively-managed ETF that seeks to achieve its investment objective by purchasing securities Changebridge Capital, LLC, the fund's investment adviser, believes to have above-average financial characteristics and growth potential that exhibit positive ESG attributes. Under normal circumstances, it will invest at least 80% of its net assets, plus borrowings for investment purposes, in equity securities, including common stocks and depositary receipts, of sustainable companies. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$27.29

Average Daily Volume

602

Number of Holdings ^*

* may have additional holdings in another (foreign) market

FPXI

First Trust International IPO ETF

FPXI Description

The investment seeks investment results that correspond generally to the price andyield (before the fund's fees and expenses) of an index called the IPOXInternational Index. The fund will normally invest at least 90% of its net assets (plus the amount ofany borrowings for investment purposes) in common stocks and/or depositaryreceipts that comprise the index. The index is a market-cap weightedportfolio measuring the performance of the top 50 non-U.S. companies, includingcompanies domiciled in emerging markets, ranked quarterly by marketcapitalization in the IPOX(R) Global Composite Index (the "Base Index"). The fund is non-diversified.

Grade (RS Rating)

Last Trade

$44.90

Average Daily Volume

14,261

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	CBSE	FPXI
30 Days	-1.62%	-2.08%
60 Days	0.86%	-1.22%
90 Days	9.03%	9.17%
12 Months	19.20%	14.59%

3 Overlapping Holdings

Symbol	Grade	Weight in CBSE	Weight in FPXI	Overlap
NU	C	2.25%	4.26%	2.25%
SN	A	2.53%	1.53%	1.53%
TCOM	B	2.88%	1.09%	1.09%

CBSE Overweight 31 Positions Relative to FPXI

Symbol	Grade	Weight
AAPL	C	3.08%
ASML	C	3.05%
LRCX	C	3.03%
MSFT	D	2.98%
MU	B	2.97%
AVGO	B	2.96%
STRL	B	2.92%
SKY	C	2.75%
DKNG	C	2.75%
HUMA	B	2.66%
EG	D	2.66%
ECL	C	2.63%
TMDX	A	2.57%
ICFI	C	2.56%
IBN	A	2.51%
PANW	B	2.48%
FCX	A	2.47%
CHK	A	2.46%
TDG	A	2.44%
BLBD	B	2.35%
NARI	F	2.32%
FTI	A	2.23%
NOC	A	2.18%
NFE	F	2.06%
WTTR	A	1.97%
GTLS	B	1.94%
RTX	A	1.93%
ERJ	A	1.88%
HLX	A	1.81%
MMYT	B	1.78%
RIG	B	1.75%

CBSE Underweight 12 Positions Relative to FPXI

Symbol	Grade	Weight
PDD	B	-5.63%
SPOT	B	-4.54%
NVT	A	-4.45%
ARM	D	-4.26%
NVO	B	-4.25%
GSK	C	-2.8%
MNDY	D	-2.08%
NTES	D	-2.02%
CPNG	A	-1.36%
ICLR	C	-1.27%
RBA	C	-0.45%
BIRK	D	-0.28%