AIRR vs. CBLS ETF Comparison

Comparison of First Trust RBA American Industrial Renaissance ETF (AIRR) to Changebridge Capital Long/Short Equity ETF (CBLS)
AIRR

First Trust RBA American Industrial Renaissance ETF

AIRR Description

The investment seeks investment results that correspond generally to the price and yield (before the fund's fees and expenses) of an index called the Richard Bernstein Advisors American Industrial Renaissance Index (the "index"). The fund will normally invest at least 90% of its net assets (plus the amount of any borrowings for investment purposes) in U.S. equity securities that comprise the index. The index is designed to measure the performance of small and mid cap U.S. companies in the industrial and community banking sectors. It is non-diversified.

Grade (RS Rating)

Last Trade

$75.20

Average Daily Volume

208,322

Number of Holdings *

52

* 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

$25.21

Average Daily Volume

2,080

Number of Holdings *

61

* may have additional holdings in another (foreign) market
Performance
Period AIRR CBLS
30 Days 1.55% -0.79%
60 Days 2.85% -0.06%
90 Days 9.44% 2.25%
12 Months 54.53% 33.75%
2 Overlapping Holdings
Symbol Grade Weight in AIRR Weight in CBLS Overlap
BWXT B 3.14% 2.7% 2.7%
STRL B 1.56% 1.76% 1.56%
AIRR Overweight 50 Positions Relative to CBLS
Symbol Grade Weight
MLI A 3.41%
AAON A 3.11%
AIT A 3.11%
GVA A 3.02%
CNM D 3.01%
CHRW C 3.01%
RBC D 3.01%
MSM D 2.98%
WMS F 2.95%
ZWS A 2.93%
EME A 2.91%
HII F 2.89%
HRI A 2.87%
KEX D 2.85%
MDU F 2.82%
ATKR F 2.77%
CLH C 2.76%
DY C 2.75%
MTZ A 2.42%
FIX B 2.42%
FSS F 2.41%
PRIM A 2.3%
ROAD B 2.09%
ACA B 1.74%
MWA B 1.71%
FNB A 1.66%
ASB A 1.38%
WTFC B 1.37%
ONB A 1.32%
BLBD F 1.16%
GBX A 1.15%
MRCY D 1.13%
HEES B 1.08%
VSEC A 1.04%
WNC F 0.91%
FULT B 0.89%
FFBC A 0.85%
TPC B 0.85%
POWL A 0.83%
LMB B 0.8%
TGI C 0.8%
PRK A 0.77%
AMRC C 0.76%
DNOW F 0.75%
FRME C 0.72%
FCF D 0.65%
PRLB B 0.63%
XMTR B 0.56%
LKFN B 0.55%
TRNS F 0.53%
AIRR Underweight 59 Positions Relative to CBLS
Symbol Grade Weight
DELL A -3.08%
LNG A -2.99%
SKY C -2.93%
WMT A -2.8%
OSW A -2.75%
ETR A -2.67%
COST D -2.64%
AMZN A -2.62%
SCI A -2.61%
IBN A -2.59%
ICFI B -2.58%
WTTR D -2.53%
GTLS B -2.52%
ORCL B -2.5%
D B -2.48%
ERJ C -2.45%
SO C -2.45%
NEE D -2.42%
AMD F -2.42%
AER C -2.35%
NEM D -2.28%
ROL D -2.24%
ECL C -2.23%
BA F -2.2%
HUMA D -2.17%
TMDX F -2.07%
RTX C -2.06%
RDDT A -1.99%
GD C -1.99%
NVDA B -1.97%
PDD C -1.67%
ASML F -1.62%
TDG C -1.45%
HELE C --0.71%
R A --0.72%
NVAX F --0.79%
TTC F --0.8%
GIII C --0.85%
SIG C --0.87%
AME A --0.9%
ROK B --0.96%
KMT B --0.97%
F D --0.98%
ENR B --1.0%
DOOO F --1.02%
HOG F --1.04%
IBM C --1.04%
BC C --1.04%
MIDD F --1.04%
RBLX A --1.06%
CTVA A --1.06%
TASK B --1.13%
VRNT F --1.22%
AMAT F --1.27%
DE B --1.31%
CHH A --1.36%
NOW A --1.45%
TSLA A --1.48%
NVO F --1.66%
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