MTUM vs. CBLS ETF Comparison

Comparison of iShares MSCI USA Momentum Factor ETF (MTUM) to Changebridge Capital Long/Short Equity ETF (CBLS)

MTUM

iShares MSCI USA Momentum Factor ETF

MTUM Description

The investment seeks to track the performance of an index that measures the performance of U.S. large- and mid-capitalization stocks exhibiting relatively higher momentum characteristics, before fees and expenses. The fund generally invests at least 90% of its assets in the securities of the underlying index or in depositary receipts representing securities in its underlying index. The MSCI USA Momentum Index (the "underlying index") consists of stocks exhibiting relatively higher momentum characteristics than the traditional market capitalization-weighted parent index, the MSCI USA Index, which includes U.S. large- and mid-capitalization stocks.

Grade (RS Rating)

Last Trade

$214.91

Average Daily Volume

840,198

Number of Holdings ^*

124

* 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

$26.78

Average Daily Volume

2,122

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	MTUM	CBLS
30 Days	3.53%	4.21%
60 Days	6.25%	5.17%
90 Days	8.85%	4.99%
12 Months	43.02%	35.40%

12 Overlapping Holdings

Symbol	Grade	Weight in MTUM	Weight in CBLS	Overlap
COST	B	3.63%	2.62%	2.62%
DELL	C	0.49%	2.93%	0.49%
EME	C	0.38%	2.53%	0.38%
KDP	D	0.3%	-0.48%	-0.48%
LLY	F	3.82%	-1.79%	-1.79%
NEE	D	2.24%	2.14%	2.14%
NVDA	C	5.34%	3.08%	3.08%
RTX	C	2.19%	1.72%	1.72%
SO	D	1.15%	2.24%	1.15%
TDG	D	0.7%	1.79%	0.7%
VST	B	0.82%	2.46%	0.82%
WMT	A	4.93%	2.03%	2.03%

MTUM Overweight 112 Positions Relative to CBLS

Symbol	Grade	Weight
JPM	A	5.48%
AVGO	D	4.72%
GE	D	2.96%
PM	B	2.93%
KO	D	2.71%
GS	A	2.0%
PGR	A	1.88%
TXN	C	1.86%
ISRG	A	1.54%
AXP	A	1.53%
LMT	D	1.37%
KKR	A	1.3%
BSX	B	1.25%
MMM	D	1.21%
MO	A	1.19%
ANET	C	1.17%
TT	A	1.13%
CEG	D	1.12%
TJX	A	1.09%
C	A	1.08%
PLTR	B	1.02%
MSI	B	1.0%
APH	A	0.97%
VRTX	F	0.95%
CTAS	B	0.91%
FI	A	0.9%
CB	C	0.9%
MSTR	C	0.89%
DUK	C	0.88%
WELL	A	0.84%
KLAC	D	0.8%
NEM	D	0.79%
CL	D	0.79%
AFL	B	0.78%
APP	B	0.74%
HWM	A	0.73%
ICE	C	0.72%
MCO	B	0.7%
VRT	B	0.63%
WMB	A	0.63%
TRGP	B	0.61%
FICO	B	0.6%
AJG	B	0.59%
PEG	A	0.5%
BK	A	0.48%
IRM	D	0.48%
HIG	B	0.46%
PWR	A	0.43%
GRMN	B	0.42%
ALL	A	0.41%
AEP	D	0.4%
DFS	B	0.38%
DHI	D	0.37%
RSG	A	0.36%
ACGL	D	0.35%
CBRE	B	0.34%
GDDY	A	0.34%
TPL	A	0.33%
WAB	B	0.33%
AXON	A	0.32%
VTR	C	0.31%
NTAP	C	0.31%
VLTO	D	0.31%
PHM	D	0.31%
ALNY	D	0.3%
AVB	B	0.29%
RMD	C	0.29%
K	A	0.29%
NDAQ	A	0.28%
LEN	D	0.28%
NRG	B	0.27%
BRO	B	0.27%
EIX	B	0.26%
EBAY	D	0.25%
FITB	A	0.25%
LDOS	C	0.24%
MPWR	F	0.24%
LII	A	0.24%
TYL	B	0.23%
CSL	C	0.23%
NVR	D	0.23%
SW	A	0.22%
SYF	B	0.22%
DOV	A	0.22%
EQR	B	0.17%
PKG	A	0.16%
IFF	D	0.16%
HEI	B	0.16%
ESS	B	0.15%
IP	B	0.15%
HOOD	B	0.15%
UTHR	C	0.15%
ERIE	D	0.13%
HEI	B	0.12%
MAA	B	0.12%
UHS	D	0.11%
CFG	B	0.11%
DKS	C	0.1%
DGX	A	0.09%
NI	A	0.09%
FNF	B	0.08%
AMCR	D	0.08%
DOC	D	0.08%
FOXA	B	0.07%
CPT	B	0.07%
FOX	A	0.07%
DVA	B	0.07%
CHRW	C	0.06%
ALLY	C	0.06%
UDR	B	0.05%
LNT	A	0.05%
EQH	B	0.03%

MTUM Underweight 56 Positions Relative to CBLS

Symbol	Grade	Weight
LNG	B	-3.43%
GOOG	C	-3.02%
AAPL	C	-2.97%
GTLS	B	-2.77%
SKY	A	-2.73%
BWXT	B	-2.7%
STRL	B	-2.61%
SCHW	B	-2.56%
CCL	B	-2.54%
OSW	A	-2.41%
MC	C	-2.37%
IBN	C	-2.36%
WTTR	B	-2.33%
D	C	-2.27%
NARI	C	-2.26%
RDDT	B	-2.26%
ECL	D	-2.24%
ROL	B	-2.23%
AER	B	-2.22%
ORCL	B	-2.06%
BLBD	D	-2.06%
ETR	B	-1.96%
AMZN	C	-1.96%
INTC	D	-1.93%
SCI	B	-1.93%
ERJ	B	-1.85%
GD	F	-1.69%
ON	D	-1.53%
MGNI	A	-1.31%
DOOO	F	--0.44%
KLG	C	--0.48%
PEP	F	--0.48%
HRB	D	--0.5%
GIS	D	--0.5%
INTU	C	--0.51%
POST	C	--0.51%
ENR	B	--0.67%
GIII	D	--0.89%
R	B	--0.91%
TTC	D	--0.92%
PFE	D	--1.0%
CAG	D	--1.01%
NVO	D	--1.01%
SIG	B	--1.04%
GOGO	C	--1.1%
JNJ	D	--1.1%
NVAX	F	--1.13%
ROK	B	--1.13%
MIDD	C	--1.15%
AME	A	--1.18%
F	C	--1.36%
DE	A	--1.48%
SNOW	C	--1.49%
DUOL	A	--1.56%
HSY	F	--1.69%
HELE	C	--1.72%