CBLS vs. AMID ETF Comparison

Comparison of Changebridge Capital Long/Short Equity ETF (CBLS) to Argent Mid Cap ETF (AMID)

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 ^*

* may have additional holdings in another (foreign) market

AMID

Argent Mid Cap ETF

AMID Description

AMID aims to outperform the Russell MidCap Index over the long term by applying Change-Based Investing strategies. The fund actively invests in stocks undergoing positive internal or external change, which the issuer believes could lead to underappreciated growth. The starting universe begins with 1,500 US mid-cap stocks that are screened for liquidity and grouped by sector. Using their proprietary Argent Alpha Model, stocks are ranked under four main categories: Value, Growth, Quality, and Stability. Stocks within each sector with positive exposure to outperforming factors are considered. The remaining companies are grouped into current and future market segments based on expected outperformance in the current or future market cycle. Finally, the fund uses fundamental analysis to select 35-50 stocks with prospect improvements at the company or industry level. Sectors may be overweighted at various times in the economic cycle. Individual securities are capped at 8%.

Grade (RS Rating)

Last Trade

$34.74

Average Daily Volume

7,573

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	CBLS	AMID
30 Days	-0.79%	-1.11%
60 Days	-0.06%	-0.43%
90 Days	2.25%	5.40%
12 Months	33.75%	36.76%

4 Overlapping Holdings

Symbol	Grade	Weight in CBLS	Weight in AMID	Overlap
AME	A	-0.9%	1.78%	-0.9%
ICFI	B	2.58%	2.21%	2.21%
LNG	A	2.99%	1.53%	1.53%
SCI	A	2.61%	1.68%	1.68%

CBLS Overweight 57 Positions Relative to AMID

Symbol	Grade	Weight
DELL	A	3.08%
SKY	C	2.93%
WMT	A	2.8%
OSW	A	2.75%
BWXT	B	2.7%
ETR	A	2.67%
COST	D	2.64%
AMZN	A	2.62%
IBN	A	2.59%
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%
STRL	B	1.76%
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%
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%

CBLS Underweight 33 Positions Relative to AMID

Symbol	Grade	Weight
FICO	B	-6.35%
CTAS	B	-3.69%
CDW	F	-3.59%
BLDR	F	-3.54%
CPRT	D	-3.33%
DHI	D	-3.28%
HCA	D	-3.08%
HLI	A	-3.02%
FTNT	B	-2.96%
IT	C	-2.86%
MEDP	F	-2.76%
VCTR	A	-2.72%
BAH	A	-2.7%
CBZ	B	-2.59%
BLD	F	-2.59%
MUSA	C	-2.46%
URI	B	-2.41%
ADUS	D	-2.31%
A	D	-2.26%
AFG	D	-2.21%
CG	B	-2.06%
LPLA	A	-1.91%
TPX	F	-1.82%
OMF	A	-1.79%
TTEK	B	-1.64%
ENTG	D	-1.61%
CHDN	B	-1.56%
GDDY	A	-1.54%
PATK	F	-1.44%
ABG	C	-1.42%
MOH	D	-1.35%
EXPO	D	-1.12%
AX	B	-0.95%