CBLS vs. BLV ETF Comparison

Comparison of Changebridge Capital Long/Short Equity ETF (CBLS) to Vanguard Long-Term Bond ETF (BLV)

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

BLV

Vanguard Long-Term Bond ETF

BLV Description

The investment seeks to track the performance of a market-weighted bond index with a long-term dollar-weighted average maturity. The fund employs an indexing investment approach designed to track the performance of the Barclays U.S. Long Government/Credit Float Adjusted Index. This Index includes all medium and larger issues of U.S. government, investment-grade corporate, and investment-grade international dollar-denominated bonds that have maturities of greater than 10 years and are publicly issued. All of the fund's investments will be selected through the sampling process, and at least 80% of the fund's assets will be invested in bonds held in the index.

Grade (RS Rating)

Last Trade

$70.23

Average Daily Volume

641,994

Number of Holdings ^*

342

* may have additional holdings in another (foreign) market

Performance

Period	CBLS	BLV
30 Days	4.28%	-1.41%
60 Days	5.58%	-6.48%
90 Days	5.18%	-5.20%
12 Months	35.65%	6.65%

24 Overlapping Holdings

Symbol	Grade	Weight in CBLS	Weight in BLV	Overlap
AMZN	C	2.83%	0.03%	0.03%
COST	A	2.64%	0.04%	0.04%
D	C	2.24%	0.01%	0.01%
DE	B	-1.45%	0.01%	-1.45%
DELL	B	1.91%	0.04%	0.04%
ECL	D	2.32%	0.01%	0.01%
ETR	B	1.93%	0.01%	0.01%
GD	D	2.32%	0.01%	0.01%
GIS	D	-0.51%	0.01%	-0.51%
HSY	F	-1.75%	0.01%	-1.75%
INTC	C	2.91%	0.01%	0.01%
JNJ	C	-1.1%	0.01%	-1.1%
KDP	F	-0.5%	0.01%	-0.5%
LLY	F	-1.37%	0.01%	-1.37%
NEE	C	2.12%	0.01%	0.01%
NVDA	B	3.31%	0.02%	0.02%
ORCL	A	2.62%	0.01%	0.01%
PEP	F	-0.51%	0.01%	-0.51%
PFE	F	-1.06%	0.01%	-1.06%
ROK	C	-1.17%	0.01%	-1.17%
RTX	D	2.29%	0.01%	0.01%
SCHW	B	2.08%	0.01%	0.01%
SO	C	2.23%	0.01%	0.01%
WMT	A	2.75%	0.01%	0.01%

CBLS Overweight 39 Positions Relative to BLV

Symbol	Grade	Weight
LNG	A	3.31%
WTTR	A	3.07%
GTLS	A	2.81%
MGNI	B	2.76%
SKY	A	2.73%
BWXT	B	2.7%
STRL	A	2.54%
CCL	A	2.49%
RDDT	A	2.45%
OSW	B	2.43%
IBN	C	2.38%
NARI	C	2.3%
ROL	B	2.28%
AER	A	2.24%
VST	A	2.23%
ERJ	A	2.12%
HUMA	F	2.11%
MC	C	1.98%
SCI	B	1.92%
TDG	D	1.78%
CRSP	D	0.86%
KLG	B	-0.49%
POST	C	-0.5%
DOOO	F	-0.9%
TTC	C	-0.93%
R	B	-0.95%
GIII	D	-0.97%
SIG	B	-1.07%
MRNA	F	-1.15%
MIDD	C	-1.16%
ENR	B	-1.19%
AME	A	-1.2%
NVO	F	-1.3%
F	C	-1.41%
HELE	C	-1.71%
VSAT	F	-1.75%
GOGO	C	-1.77%
NOW	A	-1.8%
TSLA	B	-2.63%

CBLS Underweight 318 Positions Relative to BLV

Symbol	Grade	Weight
WIT	B	-1.44%
MDT	D	-0.05%
FITB	B	-0.04%
HPE	B	-0.04%
WY	F	-0.04%
EQH	C	-0.04%
ALLY	C	-0.04%
CARR	C	-0.04%
DD	C	-0.04%
HPQ	B	-0.03%
NUE	C	-0.03%
SCCO	F	-0.03%
TAP	C	-0.03%
CRM	B	-0.03%
HAL	C	-0.03%
BHP	F	-0.03%
AVGO	D	-0.03%
CSCO	B	-0.03%
PYPL	B	-0.02%
TEL	B	-0.02%
CF	A	-0.02%
AXP	A	-0.02%
CME	B	-0.02%
OHI	C	-0.02%
LEA	F	-0.02%
MDLZ	F	-0.02%
VMC	B	-0.02%
BHF	C	-0.02%
FANG	C	-0.02%
AJG	A	-0.02%
EBAY	D	-0.02%
GPN	B	-0.02%
WU	F	-0.02%
WHR	B	-0.02%
MAR	A	-0.02%
ADI	D	-0.02%
ICE	C	-0.02%
VLO	C	-0.02%
CAG	F	-0.02%
GOOGL	C	-0.02%
GM	C	-0.02%
BIIB	F	-0.02%
BABA	D	-0.02%
FOXA	A	-0.02%
PSX	C	-0.02%
VTRS	A	-0.02%
GSK	F	-0.02%
AAPL	C	-0.02%
MS	A	-0.02%
AMGN	F	-0.02%
ABBV	F	-0.02%
CPT	B	-0.01%
VTR	B	-0.01%
STLD	B	-0.01%
WPC	C	-0.01%
RPM	A	-0.01%
PECO	A	-0.01%
DOC	C	-0.01%
BAX	F	-0.01%
AIZ	A	-0.01%
AGO	B	-0.01%
AES	F	-0.01%
CHD	A	-0.01%
ADC	A	-0.01%
AAT	B	-0.01%
BEN	C	-0.01%
CACC	D	-0.01%
HIW	C	-0.01%
JD	D	-0.01%
FRT	B	-0.01%
FNF	B	-0.01%
REG	A	-0.01%
AVA	A	-0.01%
CHI	A	-0.01%
UDR	B	-0.01%
SWX	B	-0.01%
TJX	A	-0.01%
SIGI	C	-0.01%
DT	D	-0.01%
EXR	C	-0.01%
DRI	B	-0.01%
XYL	D	-0.01%
MKC	C	-0.01%
OPI	F	-0.01%
PDM	D	-0.01%
K	A	-0.01%
JNPR	D	-0.01%
IDA	A	-0.01%
DGX	A	-0.01%
MAA	B	-0.01%
LXP	D	-0.01%
KRC	B	-0.01%
KSS	F	-0.01%
WELL	A	-0.01%
WTRG	B	-0.01%
WEST	C	-0.01%
ORI	A	-0.01%
OC	A	-0.01%
NYC	D	-0.01%
NWE	B	-0.01%
MSI	B	-0.01%
KIM	A	-0.01%
HON	C	-0.01%
INGR	C	-0.01%
EQIX	A	-0.01%
EOG	A	-0.01%
FTV	C	-0.01%
DOV	A	-0.01%
CAH	B	-0.01%
ALB	B	-0.01%
BWA	D	-0.01%
AFL	B	-0.01%
AFG	A	-0.01%
CFG	B	-0.01%
APTV	F	-0.01%
CPB	D	-0.01%
COO	D	-0.01%
UAL	A	-0.01%
VOYA	B	-0.01%
VMI	B	-0.01%
STE	D	-0.01%
SNA	A	-0.01%
RF	A	-0.01%
SBRA	C	-0.01%
ZBH	C	-0.01%
NOV	C	-0.01%
NNN	C	-0.01%
NDAQ	A	-0.01%
OGE	A	-0.01%
LHX	C	-0.01%
LH	B	-0.01%
NXPI	D	-0.01%
IVZ	B	-0.01%
HRL	D	-0.01%
HOG	D	-0.01%
JEF	A	-0.01%
HAS	D	-0.01%
L	A	-0.01%
ESS	B	-0.01%
DG	F	-0.01%
FE	C	-0.01%
EE	A	-0.01%
EA	A	-0.01%
FMC	D	-0.01%
CMI	A	-0.01%
AVB	B	-0.01%
CL	D	-0.01%
CINF	A	-0.01%
UNM	A	-0.01%
PKG	A	-0.01%
PFG	D	-0.01%
REGN	F	-0.01%
SPGI	C	-0.01%
EG	C	-0.01%
SYK	B	-0.01%
SWK	D	-0.01%
VRSK	A	-0.01%
STZ	D	-0.01%
PEG	A	-0.01%
AON	A	-0.01%
WEC	A	-0.01%
ATO	A	-0.01%
AEP	C	-0.01%
AEE	A	-0.01%
ADM	D	-0.01%
ACGL	C	-0.01%
ARE	F	-0.01%
CTS	C	-0.01%
DTE	C	-0.01%
EVRG	A	-0.01%
FIS	C	-0.01%
ETN	A	-0.01%
ALL	A	-0.01%
AWK	C	-0.01%
HIG	B	-0.01%
IFF	D	-0.01%
JCI	B	-0.01%
KMB	C	-0.01%
ES	C	-0.01%
EQR	C	-0.01%
EL	F	-0.01%
HUM	C	-0.01%
MLM	C	-0.01%
OTIS	C	-0.01%
LNC	C	-0.01%
OKE	A	-0.01%
LIN	C	-0.01%
OGS	A	-0.01%
O	C	-0.01%
MCO	B	-0.01%
PPL	A	-0.01%
XEL	A	-0.01%
MOS	F	-0.01%
MAS	D	-0.01%
TRV	B	-0.01%
PNW	A	-0.01%
PLD	F	-0.01%
SJM	D	-0.01%
RSG	A	-0.01%
RPRX	D	-0.01%
SHW	B	-0.01%
PG	C	-0.01%
TT	A	-0.01%
CMS	C	-0.01%
BKH	A	-0.01%
APD	A	-0.01%
CCI	C	-0.01%
AMAT	F	-0.01%
CP	F	-0.01%
TGT	F	-0.01%
CNP	A	-0.01%
EMN	C	-0.01%
IPG	D	-0.01%
IP	A	-0.01%
JBLU	F	-0.01%
GWW	B	-0.01%
NI	A	-0.01%
PAA	B	-0.01%
MKL	A	-0.01%
MRO	B	-0.01%
ITW	B	-0.01%
WRB	A	-0.01%
WM	B	-0.01%
WLK	D	-0.01%
LNT	A	-0.01%
KR	B	-0.01%
EQNR	C	-0.01%
EIX	B	-0.01%
ED	C	-0.01%
CVX	A	-0.01%
KOF	F	-0.01%
KLAC	F	-0.01%
NKE	F	-0.01%
MMC	B	-0.01%
NEM	D	-0.01%
NSC	B	-0.01%
WBA	F	-0.01%
LRCX	F	-0.01%
MCD	D	-0.01%
ZTS	D	-0.01%
LYB	F	-0.01%
TMO	F	-0.01%
PM	B	-0.01%
PH	A	-0.01%
RJF	A	-0.01%
AMT	C	-0.01%
UPS	C	-0.01%
DVN	F	-0.01%
CSX	C	-0.01%
EXC	C	-0.01%
DOW	F	-0.01%
BSX	A	-0.01%
HES	B	-0.01%
DHR	F	-0.01%
MPC	D	-0.01%
GLW	B	-0.01%
MMM	D	-0.01%
MUFG	B	-0.01%
SBUX	A	-0.01%
SPG	A	-0.01%
SRE	A	-0.01%
PHM	D	-0.01%
PGR	A	-0.01%
MET	A	-0.01%
AIG	B	-0.01%
ET	A	-0.01%
FDX	B	-0.01%
MRK	D	-0.01%
WMB	A	-0.01%
LMT	D	-0.01%
SYY	D	-0.01%
PRU	A	-0.01%
CAT	B	-0.01%
TXN	C	-0.01%
TSN	B	-0.01%
KO	D	-0.01%
EPD	A	-0.01%
MPLX	A	-0.01%
BDX	F	-0.01%
C	A	-0.01%
GILD	C	-0.01%
LOW	C	-0.01%
MA	B	-0.01%
UNH	B	-0.01%
CB	C	-0.01%
DUK	C	-0.01%
HCA	F	-0.01%
KMI	A	-0.01%
ABT	B	-0.01%
DIS	B	-0.01%
MO	A	-0.01%
QCOM	F	-0.01%
UNP	C	-0.01%
CI	D	-0.01%
COP	C	-0.01%
NOC	D	-0.01%
IBM	C	-0.01%
V	A	-0.01%
AZN	F	-0.01%
XOM	B	-0.01%
VOD	F	-0.01%
BMY	B	-0.01%
JPM	A	-0.01%
TMUS	B	-0.01%
HSBC	A	-0.01%
HD	B	-0.01%
PCG	A	-0.01%
CMCSA	B	-0.01%
CHTR	C	-0.01%
VZ	C	-0.01%
WFC	A	-0.01%
BAC	A	-0.01%
BA	F	-0.01%
MSFT	D	-0.01%
T	A	-0.01%
GS	A	-0.01%
CVS	D	-0.01%
GE	D	-0.01%