SIMS vs. CBLS ETF Comparison

Comparison of SPDR S&P Kensho Intelligent Structures ETF (SIMS) to Changebridge Capital Long/Short Equity ETF (CBLS)

SIMS

SPDR S&P Kensho Intelligent Structures ETF

SIMS Description

The investment seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of the S&P Kensho Intelligent Infrastructure Index. Under normal market conditions, the fund generally invests substantially all, but at least 80%, of its total assets in the securities comprising the index. The index is comprised of U.S.-listed equity securities (including depositary receipts) of companies domiciled across developed and emerging markets worldwide which are included in the Intelligent Infrastructure sector as determined by a classification standard produced by the index provider. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$36.35

Average Daily Volume

1,205

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	SIMS	CBLS
30 Days	2.37%	4.28%
60 Days	6.60%	5.58%
90 Days	4.56%	5.18%
12 Months	15.64%	35.65%

3 Overlapping Holdings

Symbol	Grade	Weight in SIMS	Weight in CBLS	Overlap
AME	A	1.81%	-1.2%	-1.2%
GTLS	A	1.88%	2.81%	1.88%
WTTR	A	3.34%	3.07%	3.07%

SIMS Overweight 38 Positions Relative to CBLS

Symbol	Grade	Weight
MWA	B	3.62%
PNR	A	3.52%
GNRC	C	3.47%
REZI	A	3.31%
JCI	B	3.18%
CARR	C	3.09%
BMI	B	3.08%
ITRI	C	2.88%
VLTO	C	2.71%
ADTN	A	2.66%
TTEK	F	2.55%
ALRM	C	2.51%
XYL	D	2.3%
BE	B	2.29%
SLAB	F	2.28%
ARLO	C	2.23%
ROKU	D	2.14%
PSN	D	2.12%
AYI	B	2.08%
SHLS	F	1.96%
ERII	D	1.94%
NRG	B	1.85%
HON	C	1.8%
CHPT	F	1.64%
ROP	B	1.64%
AY	A	1.63%
NVEE	F	1.57%
BIDU	F	1.45%
ON	D	1.43%
GNTX	C	1.42%
CNM	D	1.34%
BP	D	1.33%
BLNK	F	1.25%
CWCO	C	1.03%
MVIS	F	0.99%
STM	F	0.94%
STEM	F	0.65%
REKR	F	0.47%

SIMS Underweight 60 Positions Relative to CBLS

Symbol	Grade	Weight
NVDA	B	-3.31%
LNG	A	-3.31%
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%
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%
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%