CWS vs. CBLS ETF Comparison

Comparison of AdvisorShares Focused Equity ETF (CWS) to Changebridge Capital Long/Short Equity ETF (CBLS)

CWS

AdvisorShares Focused Equity ETF

CWS Description

The AdvisorShares Focused Equity ETF seeks long-term capital appreciation. CWS aims to achieve its investment objective by investing primarily in a focused group of U.S. exchange-listed equity securities that the portfolio manager believes have favorable fundamental attributes.

Grade (RS Rating)

Last Trade

$61.15

Average Daily Volume

13,957

Number of Holdings ^*

* may have additional holdings in another (foreign) market

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

$23.19

Average Daily Volume

4,305

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	CWS	CBLS
30 Days	-3.30%	1.36%
60 Days	-0.51%	5.28%
90 Days	2.80%	11.12%
12 Months	21.47%	12.58%

0 Overlapping Holdings

	Symbol	Grade	Weight in CWS	Weight in CBLS	Overlap

CWS Overweight 23 Positions Relative to CBLS

Symbol	Grade	Weight
MLR	B	4.55%
APH	A	4.42%
HEI	A	4.41%
SYK	C	4.31%
OTIS	D	4.18%
TMO	B	4.16%
AFL	B	4.0%
ICE	C	4.0%
SLGN	B	3.97%
SAIC	C	3.94%
HSY	F	3.93%
FICO	D	3.92%
INTU	C	3.9%
CE	C	3.87%
AGM	B	3.82%
ABT	C	3.8%
MCO	D	3.78%
ROL	B	3.77%
BR	D	3.72%
AWK	C	3.53%
PII	F	3.52%
MGRC	C	3.47%
FDS	D	3.44%

CWS Underweight 75 Positions Relative to CBLS

Symbol	Grade	Weight
FCX	A	-3.14%
TMDX	A	-2.49%
ASML	C	-2.48%
AAPL	F	-2.47%
LRCX	C	-2.46%
MSFT	D	-2.44%
MU	A	-2.43%
AVGO	B	-2.41%
FANG	A	-2.41%
STRL	B	-2.38%
EG	D	-2.37%
DXCM	B	-2.19%
DKNG	C	-2.18%
SN	A	-2.17%
SKY	C	-2.14%
ECL	C	-2.09%
IBN	A	-2.06%
ICFI	C	-2.04%
TCOM	A	-2.0%
PANW	B	-1.99%
TDG	A	-1.87%
BKNG	C	-1.86%
RTX	A	-1.85%
NOC	A	-1.84%
HUMA	B	-1.82%
CHK	A	-1.81%
GD	B	-1.8%
BLBD	B	-1.76%
NARI	F	-1.76%
WTTR	A	-1.72%
RIG	B	-1.72%
NFE	F	-1.72%
NU	C	-1.7%
GTLS	B	-1.67%
FTI	A	-1.65%
ERJ	A	-1.57%
MMYT	B	-1.43%
HLX	A	-1.35%
AVY	B	--0.77%
ENR	C	--0.81%
TECH	D	--0.84%
CHH	D	--0.9%
BXP	C	--0.92%
HOG	D	--0.95%
LOW	C	--0.96%
BBY	D	--0.97%
DOOO	B	--0.97%
F	B	--0.98%
WSM	B	--0.99%
LULU	D	--1.01%
DECK	C	--1.01%
YETI	F	--1.01%
GM	A	--1.01%
ONON	C	--1.01%
HELE	F	--1.02%
BALL	A	--1.03%
EWBC	B	--1.03%
ZION	B	--1.04%
WAL	C	--1.04%
CMA	A	--1.06%
MTB	A	--1.06%
POOL	C	--1.09%
SEDG	F	--1.09%
ENPH	D	--1.19%
UTHR	B	--1.25%
PAYX	D	--1.25%
MPW	C	--1.34%
FIGS	D	--1.35%
BC	F	--1.41%
TSLA	D	--1.43%
BGFV	F	--1.45%
LAD	D	--1.46%
SOFI	C	--1.62%
IBM	D	--2.28%
INTC	F	--2.28%