FFND vs. CBLS ETF Comparison

Comparison of The Future Fund Active ETF (FFND) to Changebridge Capital Long/Short Equity ETF (CBLS)

FFND

The Future Fund Active ETF

FFND Description

Northern Lights Fund Trust II - The Future Fund Active ETF is an exchange traded fund launched by Northern Lights Fund Trust II. The fund is managed by The Future Fund, LLC. It invests in public equity markets of the United States. The fund invests directly, through derivatives and through other funds in stocks of companies operating across diversified sectors. It employs long/short strategy and uses derivatives such as futures and options to create its portfolio. The fund invests in growth and value stocks of companies across diversified market capitalization. It employs proprietary research to create its portfolio. Northern Lights Fund Trust II - The Future Fund Active ETF was formed on August 24, 2021 and is domiciled in the United States. The investment seeks to provide capital appreciation. Under normal market conditions, the fund, which is an actively managed ETF, will primarily invest in the equity securities of companies that the adviser believes to be best positioned to take advantage of or profit from emerging technological or social trends or developments.

Grade (RS Rating)

Last Trade

$25.89

Average Daily Volume

1,165

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

$26.83

Average Daily Volume

2,139

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	FFND	CBLS
30 Days	6.46%	4.28%
60 Days	12.02%	5.58%
90 Days	10.63%	5.18%
12 Months	35.55%	35.65%

5 Overlapping Holdings

Symbol	Grade	Weight in FFND	Weight in CBLS	Overlap
ERJ	A	3.28%	2.12%	2.12%
GTLS	A	2.82%	2.81%	2.81%
LLY	F	4.25%	-1.37%	-1.37%
NVDA	B	9.49%	3.31%	3.31%
TSLA	B	3.94%	-2.63%	-2.63%

FFND Overweight 27 Positions Relative to CBLS

Symbol	Grade	Weight
GOOGL	C	7.85%
CRM	B	4.89%
NFLX	A	4.58%
LPLA	A	3.49%
PANW	B	3.36%
FTI	A	3.31%
UBER	F	3.17%
GTLB	B	2.93%
DDOG	A	2.88%
DASH	B	2.87%
MU	D	2.75%
YETI	D	2.35%
GLW	B	2.32%
ABNB	C	2.3%
DKNG	B	2.26%
EW	C	2.07%
FND	D	2.02%
VRTX	D	1.86%
GPRE	F	1.84%
AMD	F	1.71%
BABA	D	1.69%
JD	D	1.49%
HALO	F	1.44%
KTOS	B	1.26%
CELH	F	1.17%
GLOB	B	1.13%
ONON	A	1.1%

FFND Underweight 58 Positions Relative to CBLS

Symbol	Grade	Weight
LNG	A	-3.31%
WTTR	A	-3.07%
INTC	C	-2.91%
AMZN	C	-2.83%
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%
NARI	C	-2.3%
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%
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%
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%