SYLD vs. CBLS ETF Comparison

Comparison of Cambria Shareholder Yield ETF (SYLD) to Changebridge Capital Long/Short Equity ETF (CBLS)

SYLD

Cambria Shareholder Yield ETF

SYLD Description

The investment seeks income and capital appreciation with an emphasis on income from investments in the U.S. equity market. The fund invests primarily in equity securities that provide a high "shareholder yield." Cambria views equity securities as providing a high shareholder yield if they exhibit strong cash flows, as reflected by their payment of dividends to shareholders and their return of capital to shareholders in other forms. It will invest primarily in equity securities, including the common stock, of U.S. companies, though the fund may obtain a limited amount of foreign and emerging markets exposure through investments in ADRs.

Grade (RS Rating)

Last Trade

$70.16

Average Daily Volume

93,945

Number of Holdings ^*

100

* 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

$22.97

Average Daily Volume

4,262

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	SYLD	CBLS
30 Days	-1.86%	-0.26%
60 Days	2.92%	4.68%
90 Days	3.86%	10.08%
12 Months	24.77%	11.53%

2 Overlapping Holdings

	Symbol	Grade	Weight in SYLD	Weight in CBLS	Overlap
	BC	D	0.92%	-1.41%	-1.41%
	CHK	A	1.03%	1.81%	1.03%

SYLD Overweight 98 Positions Relative to CBLS

Symbol	Grade	Weight
VCTR	A	1.2%
WIRE	A	1.12%
EOG	A	1.09%
DVN	A	1.08%
PXD	A	1.08%
PAGP	A	1.07%
XOM	A	1.07%
KHC	A	1.07%
CALM	B	1.06%
CHRD	A	1.06%
CVX	A	1.06%
AMR	C	1.05%
CNX	A	1.05%
COP	A	1.05%
SNX	A	1.05%
MGY	A	1.04%
CRC	A	1.04%
COOP	A	1.04%
CEIX	B	1.04%
CTRA	A	1.04%
FOXA	A	1.04%
REVG	A	1.04%
MPC	B	1.03%
BRC	A	1.03%
MRO	A	1.02%
MAN	A	1.02%
FHI	D	1.02%
BTU	C	1.02%
SLM	A	1.02%
DOW	C	1.02%
LYB	C	1.02%
PBF	A	1.02%
JEF	B	1.02%
OC	A	1.02%
SM	A	1.02%
DFS	A	1.01%
AFL	B	1.01%
MET	B	1.01%
L	B	1.01%
NUE	D	1.01%
VLO	B	1.01%
TXT	B	1.01%
SLVM	A	1.01%
SYF	A	1.01%
AMP	C	1.0%
DD	A	1.0%
PSX	B	1.0%
AMG	C	1.0%
EMN	A	1.0%
DXC	D	1.0%
CF	C	0.99%
MOS	F	0.99%
VTRS	C	0.99%
RYI	F	0.99%
MATX	C	0.99%
WU	C	0.99%
BERY	D	0.98%
PFG	C	0.98%
ODP	C	0.98%
AFG	C	0.98%
APA	B	0.98%
ARW	A	0.98%
HUN	D	0.97%
AN	A	0.97%
HVT	C	0.97%
PRG	A	0.97%
CMCSA	F	0.97%
UA	D	0.96%
AMN	F	0.96%
CVI	D	0.96%
XRX	F	0.96%
STLD	B	0.96%
T	C	0.96%
TNL	B	0.96%
ETD	D	0.96%
ATKR	A	0.95%
OLN	D	0.95%
PAG	C	0.95%
VZ	C	0.95%
R	A	0.94%
DDS	B	0.94%
ATGE	D	0.94%
IP	D	0.93%
PHM	B	0.93%
GEF	D	0.93%
WHR	F	0.92%
LNC	C	0.92%
KBH	C	0.92%
AGO	D	0.92%
BCC	D	0.91%
TOL	C	0.91%
UHS	C	0.91%
WNC	D	0.91%
BLDR	C	0.89%
CRI	D	0.88%
TPR	D	0.88%
ASO	C	0.88%
PVH	C	0.81%

SYLD Underweight 73 Positions Relative to CBLS

Symbol	Grade	Weight
FCX	A	-3.14%
TMDX	A	-2.49%
ASML	D	-2.48%
AAPL	F	-2.47%
LRCX	D	-2.46%
MSFT	C	-2.44%
MU	B	-2.43%
AVGO	C	-2.41%
FANG	A	-2.41%
STRL	C	-2.38%
EG	D	-2.37%
DXCM	A	-2.19%
DKNG	D	-2.18%
SN	A	-2.17%
SKY	D	-2.14%
ECL	C	-2.09%
IBN	A	-2.06%
ICFI	C	-2.04%
TCOM	A	-2.0%
PANW	C	-1.99%
TDG	A	-1.87%
BKNG	C	-1.86%
RTX	A	-1.85%
NOC	A	-1.84%
HUMA	B	-1.82%
GD	A	-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	A	-1.67%
FTI	A	-1.65%
ERJ	A	-1.57%
MMYT	B	-1.43%
HLX	A	-1.35%
AVY	B	--0.77%
ENR	D	--0.81%
TECH	F	--0.84%
CHH	D	--0.9%
BXP	C	--0.92%
HOG	F	--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	D	--1.01%
YETI	F	--1.01%
GM	A	--1.01%
ONON	D	--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	D	--1.09%
SEDG	F	--1.09%
ENPH	F	--1.19%
UTHR	A	--1.25%
PAYX	C	--1.25%
MPW	B	--1.34%
FIGS	D	--1.35%
TSLA	D	--1.43%
BGFV	F	--1.45%
LAD	D	--1.46%
SOFI	D	--1.62%
IBM	D	--2.28%
INTC	F	--2.28%