CBLS vs. BND ETF Comparison

Comparison of Changebridge Capital Long/Short Equity ETF (CBLS) to Vanguard Total Bond Market ETF (BND)

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

$25.39

Average Daily Volume

3,916

Number of Holdings ^*

* may have additional holdings in another (foreign) market

BND

Vanguard Total Bond Market ETF

BND Description

The investment seeks the performance of a broad, market-weighted bond index. The fund employs an indexing investment approach designed to track the performance of the Barclays U.S. Aggregate Float Adjusted Index. This Index represents a wide spectrum of public, investment-grade, taxable, fixed income securities in the United States-including government, corporate, and international dollar-denominated bonds, as well as mortgage-backed and asset-backed securities-all with maturities of more than 1 year. 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

$74.15

Average Daily Volume

5,743,135

Number of Holdings ^*

546

* may have additional holdings in another (foreign) market

Performance

Period	CBLS	BND
30 Days	0.35%	-0.55%
60 Days	2.67%	0.34%
90 Days	-2.43%	3.35%
12 Months	36.11%	11.27%

29 Overlapping Holdings

Symbol	Grade	Weight in CBLS	Weight in BND	Overlap
AER	C	2.33%	0.01%	0.01%
AMZN	C	2.16%	0.01%	0.01%
AVGO	B	2.26%	0.01%	0.01%
BABA	A	2.59%	0.01%	0.01%
BC	C	-1.14%	0.01%	-1.14%
CHH	A	-1.1%	0.01%	-1.1%
COST	C	2.18%	0.01%	0.01%
CTVA	A	-1.1%	0.01%	-1.1%
D	A	2.36%	0.01%	0.01%
DE	C	-1.69%	0.01%	-1.69%
DELL	C	2.58%	0.01%	0.01%
DFS	A	-1.29%	0.01%	-1.29%
ECL	C	2.21%	0.01%	0.01%
ETR	A	2.53%	0.01%	0.01%
GD	C	1.47%	0.01%	0.01%
HOG	D	-1.35%	0.01%	-1.35%
IBM	A	-0.91%	0.01%	-0.91%
KLAC	B	1.29%	0.01%	0.01%
KMT	C	-1.08%	0.01%	-1.08%
MSFT	D	2.03%	0.01%	0.01%
NEE	C	2.46%	0.01%	0.01%
NEM	C	2.6%	0.01%	0.01%
ORCL	A	1.94%	0.01%	0.01%
R	C	-1.63%	0.01%	-1.63%
ROK	D	-1.01%	0.01%	-1.01%
RTX	A	1.5%	0.01%	0.01%
SO	A	2.38%	0.01%	0.01%
UNH	B	2.19%	0.01%	0.01%
WMT	A	2.24%	0.01%	0.01%

CBLS Overweight 32 Positions Relative to BND

Symbol	Grade	Weight
STRL	B	3.36%
LNG	A	2.92%
SKY	C	2.86%
CHK	C	2.69%
SCI	D	2.68%
BLBD	D	2.64%
WTTR	B	2.63%
IBN	C	2.6%
OSW	B	2.6%
ERJ	C	2.59%
MMYT	B	2.52%
BOWL	D	2.49%
ICFI	C	2.49%
TMDX	D	2.43%
ASML	F	2.42%
MGNI	D	2.41%
ROL	C	2.4%
NU	D	2.24%
HUMA	F	1.97%
AMD	C	1.93%
TDG	A	1.54%
AFRM	C	-0.3%
VSAT	F	-0.84%
TTC	F	-0.94%
TASK	F	-0.97%
VRNT	F	-1.0%
ENR	B	-1.01%
PAYX	B	-1.12%
FIVN	F	-1.15%
MIDD	D	-1.16%
DOOO	F	-1.29%
GIII	C	-1.63%

CBLS Underweight 517 Positions Relative to BND

Symbol	Grade	Weight
WIT	C	-0.09%
LXP	D	-0.01%
LVS	B	-0.01%
NKE	D	-0.01%
MMC	D	-0.01%
PAA	B	-0.01%
NFG	A	-0.01%
LRCX	D	-0.01%
OSK	F	-0.01%
MKL	B	-0.01%
MKC	C	-0.01%
ORLY	A	-0.01%
ORI	A	-0.01%
LNT	B	-0.01%
LMT	A	-0.01%
LLY	D	-0.01%
OCSL	D	-0.01%
OC	C	-0.01%
NYC	D	-0.01%
NWE	C	-0.01%
NVR	C	-0.01%
NVDA	B	-0.01%
MSI	A	-0.01%
MCY	B	-0.01%
NTRS	B	-0.01%
MCK	F	-0.01%
MCD	A	-0.01%
PDM	C	-0.01%
NSC	C	-0.01%
GSBD	D	-0.01%
ITW	C	-0.01%
HUN	B	-0.01%
HUBB	A	-0.01%
HSY	D	-0.01%
GPN	F	-0.01%
HRB	C	-0.01%
HPP	F	-0.01%
HON	C	-0.01%
JNPR	C	-0.01%
JNJ	D	-0.01%
IPG	D	-0.01%
IP	C	-0.01%
INVH	D	-0.01%
INGR	B	-0.01%
HII	F	-0.01%
ILMN	B	-0.01%
HBAN	B	-0.01%
JBLU	B	-0.01%
JBL	C	-0.01%
JBHT	D	-0.01%
GWW	B	-0.01%
ICE	A	-0.01%
ET	A	-0.01%
EQIX	C	-0.01%
EOG	B	-0.01%
EMR	B	-0.01%
EMN	C	-0.01%
FTV	C	-0.01%
EIX	C	-0.01%
FSK	A	-0.01%
CAH	B	-0.01%
CAF	A	-0.01%
BXP	B	-0.01%
BWA	C	-0.01%
BRO	A	-0.01%
BR	B	-0.01%
DLTR	F	-0.01%
AMAT	C	-0.01%
CPB	D	-0.01%
CP	C	-0.01%
COO	C	-0.01%
A	B	-0.01%
THG	A	-0.01%
TEL	D	-0.01%
SYY	D	-0.01%
SYK	C	-0.01%
ZTS	C	-0.01%
ZION	D	-0.01%
ZBH	F	-0.01%
TRMB	B	-0.01%
TME	B	-0.01%
PKG	B	-0.01%
PHM	C	-0.01%
PGR	B	-0.01%
NOW	B	-0.01%
NOV	F	-0.01%
NNN	C	-0.01%
OKE	A	-0.01%
OHI	C	-0.01%
OGS	C	-0.01%
OGE	C	-0.01%
LHX	A	-0.01%
LH	D	-0.01%
O	C	-0.01%
LEA	F	-0.01%
LDOS	A	-0.01%
MPLX	B	-0.01%
MPC	D	-0.01%
KEY	B	-0.01%
KDP	C	-0.01%
IVZ	A	-0.01%
GLW	C	-0.01%
GLPI	C	-0.01%
JLL	C	-0.01%
GL	C	-0.01%
JHG	A	-0.01%
JEF	A	-0.01%
JD	A	-0.01%
L	C	-0.01%
JCI	C	-0.01%
KMPR	D	-0.01%
KMB	D	-0.01%
GBDC	B	-0.01%
UNM	A	-0.01%
WEC	B	-0.01%
WB	B	-0.01%
UBS	B	-0.01%
TXN	C	-0.01%
VTR	C	-0.01%
TSN	D	-0.01%
SYF	A	-0.01%
SWK	C	-0.01%
VRSN	C	-0.01%
VRSK	D	-0.01%
VNT	F	-0.01%
STZ	D	-0.01%
STLD	C	-0.01%
XEL	C	-0.01%
WTFC	B	-0.01%
WPC	C	-0.01%
SLG	C	-0.01%
SKT	A	-0.01%
SITC	D	-0.01%
RS	D	-0.01%
PYPL	A	-0.01%
RPM	A	-0.01%
ROST	D	-0.01%
PWR	A	-0.01%
PSX	D	-0.01%
RL	B	-0.01%
RIV	A	-0.01%
PFG	A	-0.01%
SCS	D	-0.01%
SCHW	D	-0.01%
RGA	B	-0.01%
REXR	D	-0.01%
SBUX	B	-0.01%
SAVE	F	-0.01%
REGN	D	-0.01%
SPGI	C	-0.01%
SPG	A	-0.01%
SAFE	C	-0.01%
EG	A	-0.01%
PPG	D	-0.01%
SON	D	-0.01%
SNX	C	-0.01%
SNV	D	-0.01%
MOS	F	-0.01%
MAS	C	-0.01%
PCAR	D	-0.01%
MA	A	-0.01%
LYB	B	-0.01%
MMM	C	-0.01%
NHI	C	-0.01%
NEU	F	-0.01%
MLM	F	-0.01%
OTIS	A	-0.01%
LOW	C	-0.01%
NDAQ	C	-0.01%
LNC	B	-0.01%
MHK	C	-0.01%
LIN	C	-0.01%
NYCB	D	-0.01%
NXPI	F	-0.01%
MU	D	-0.01%
JPM	C	-0.01%
BA	F	-0.01%
HSBC	A	-0.01%
ABBV	C	-0.01%
BAC	B	-0.01%
GE	B	-0.01%
MTB	A	-0.01%
MDLZ	D	-0.01%
NVT	C	-0.01%
MCO	D	-0.01%
NUE	D	-0.01%
MCHP	F	-0.01%
NTAP	D	-0.01%
HUM	F	-0.01%
HST	D	-0.01%
GPC	D	-0.01%
GP	D	-0.01%
HRL	F	-0.01%
HR	D	-0.01%
GOOGL	B	-0.01%
HPQ	B	-0.01%
HP	D	-0.01%
INTU	F	-0.01%
HIW	C	-0.01%
HIG	A	-0.01%
HES	D	-0.01%
IFF	D	-0.01%
IEX	D	-0.01%
HAS	A	-0.01%
H	B	-0.01%
GXO	D	-0.01%
ESS	D	-0.01%
ESGR	C	-0.01%
ES	D	-0.01%
EQR	C	-0.01%
EQH	B	-0.01%
EPRT	C	-0.01%
EPR	C	-0.01%
FTNT	A	-0.01%
FRT	D	-0.01%
FNF	C	-0.01%
EW	F	-0.01%
EVRG	C	-0.01%
ETN	B	-0.01%
CAG	D	-0.01%
BSX	A	-0.01%
BRX	C	-0.01%
AAT	C	-0.01%
AAP	F	-0.01%
CAT	A	-0.01%
PEG	A	-0.01%
PECO	C	-0.01%
DOC	C	-0.01%
DHR	D	-0.01%
DHI	C	-0.01%
DG	F	-0.01%
EL	D	-0.01%
EFX	D	-0.01%
FE	C	-0.01%
EE	B	-0.01%
DAL	C	-0.01%
EA	D	-0.01%
DXC	C	-0.01%
CTS	B	-0.01%
DTE	B	-0.01%
CSL	A	-0.01%
FMC	C	-0.01%
FLS	A	-0.01%
FLO	D	-0.01%
DOX	B	-0.01%
FIS	A	-0.01%
BBY	C	-0.01%
ALLE	A	-0.01%
ALL	A	-0.01%
COE	D	-0.01%
BAX	D	-0.01%
AIZ	B	-0.01%
CNO	B	-0.01%
AZO	D	-0.01%
CNA	D	-0.01%
CMI	A	-0.01%
AXS	A	-0.01%
AWK	D	-0.01%
AVT	B	-0.01%
CME	A	-0.01%
CMA	C	-0.01%
CLX	C	-0.01%
AVB	C	-0.01%
AGR	C	-0.01%
AGO	B	-0.01%
ATO	A	-0.01%
CL	D	-0.01%
CINF	A	-0.01%
AES	C	-0.01%
AEP	C	-0.01%
AEE	A	-0.01%
ADP	A	-0.01%
ADM	F	-0.01%
CHRW	C	-0.01%
CHD	D	-0.01%
BMO	B	-0.01%
ARW	C	-0.01%
ADC	C	-0.01%
ACGL	A	-0.01%
CF	A	-0.01%
BKNG	B	-0.01%
ARE	D	-0.01%
ARCC	A	-0.01%
CE	D	-0.01%
CDNS	D	-0.01%
AON	A	-0.01%
BG	F	-0.01%
CRM	B	-0.01%
CBT	B	-0.01%
CBOE	B	-0.01%
BEN	F	-0.01%
AN	D	-0.01%
AMP	A	-0.01%
CACC	F	-0.01%
CPT	C	-0.01%
BDN	B	-0.01%
BCSF	A	-0.01%
AMH	D	-0.01%
AMG	B	-0.01%
AAL	D	-0.01%
TGT	C	-0.01%
TDY	A	-0.01%
TAP	D	-0.01%
TRV	B	-0.01%
XYL	C	-0.01%
XRAY	D	-0.01%
TMO	D	-0.01%
TKR	B	-0.01%
TJX	D	-0.01%
PH	A	-0.01%
PG	D	-0.01%
OPI	F	-0.01%
LII	C	-0.01%
LEN	C	-0.01%
LEG	D	-0.01%
LAZ	C	-0.01%
MRVL	C	-0.01%
MRO	B	-0.01%
MP	C	-0.01%
KIM	C	-0.01%
KEYS	B	-0.01%
KEX	C	-0.01%
K	B	-0.01%
GIS	C	-0.01%
KSS	D	-0.01%
KRG	C	-0.01%
KRC	C	-0.01%
KR	C	-0.01%
KOF	D	-0.01%
KMI	A	-0.01%
UPS	D	-0.01%
UNP	F	-0.01%
WELL	C	-0.01%
UHS	D	-0.01%
UDR	C	-0.01%
WBS	D	-0.01%
WBA	F	-0.01%
WAB	A	-0.01%
TXT	F	-0.01%
TT	A	-0.01%
TSLX	B	-0.01%
TSCO	A	-0.01%
SWX	C	-0.01%
SWKS	F	-0.01%
VOYA	A	-0.01%
VNO	B	-0.01%
VMI	B	-0.01%
SUI	D	-0.01%
STT	A	-0.01%
VMC	D	-0.01%
VLO	F	-0.01%
STLA	F	-0.01%
STE	D	-0.01%
WY	C	-0.01%
WU	D	-0.01%
WTRG	D	-0.01%
WRK	C	-0.01%
WRB	C	-0.01%
VFC	A	-0.01%
WMB	A	-0.01%
WM	B	-0.01%
WLK	C	-0.01%
WHR	C	-0.01%
PNW	C	-0.01%
SNA	C	-0.01%
RYN	C	-0.01%
PNR	C	-0.01%
QRVO	F	-0.01%
PM	D	-0.01%
PLD	D	-0.01%
SLB	D	-0.01%
SJM	D	-0.01%
RSG	D	-0.01%
QCOM	D	-0.01%
SIGI	D	-0.01%
RPRX	D	-0.01%
ROP	D	-0.01%
RNR	A	-0.01%
SF	A	-0.01%
RJF	B	-0.01%
PSEC	C	-0.01%
PSA	C	-0.01%
RF	B	-0.01%
SBRA	C	-0.01%
REG	C	-0.01%
PRE	D	-0.01%
PPL	C	-0.01%
MAR	A	-0.01%
MAIN	A	-0.01%
MAA	D	-0.01%
NOC	B	-0.01%
OMC	C	-0.01%
MRK	F	-0.01%
USB	C	-0.01%
UAL	A	-0.01%
VTRS	D	-0.01%
RY	C	-0.01%
SHW	C	-0.01%
SCCO	B	-0.01%
BHP	B	-0.01%
BDX	C	-0.01%
CARR	A	-0.01%
DIS	D	-0.01%
DD	C	-0.01%
DB	A	-0.01%
EDC	A	-0.01%
COF	A	-0.01%
MO	D	-0.01%
MET	A	-0.01%
GSK	F	-0.01%
HAL	D	-0.01%
EPD	A	-0.01%
GM	D	-0.01%
GILD	A	-0.01%
KO	C	-0.01%
SRE	C	-0.01%
PNC	C	-0.01%
PFE	D	-0.01%
PRU	B	-0.01%
AIG	C	-0.01%
CI	D	-0.01%
BNS	C	-0.01%
CFG	C	-0.01%
COP	D	-0.01%
TFC	D	-0.01%
HPE	B	-0.01%
HD	A	-0.01%
HCA	C	-0.01%
EQNR	D	-0.01%
FOXA	B	-0.01%
CB	A	-0.01%
PEP	F	-0.01%
DLR	C	-0.01%
CSCO	A	-0.01%
FITB	C	-0.01%
ALLY	F	-0.01%
LUV	B	-0.01%
NI	A	-0.01%
MDT	C	-0.01%
VOD	D	-0.01%
AZN	D	-0.01%
DT	B	-0.01%
NWG	B	-0.01%
CHTR	D	-0.01%
BMY	A	-0.01%
ABT	C	-0.01%
AMGN	D	-0.01%
AAPL	C	-0.01%
MUFG	D	-0.01%
MS	A	-0.01%
INTC	D	-0.01%
C	B	-0.01%
AXP	A	-0.01%
CMCSA	B	-0.01%
VZ	C	-0.01%
XOM	A	-0.01%
V	B	-0.01%
PCG	C	-0.01%
TD	B	-0.01%
T	B	-0.01%
WFC	B	-0.01%
TMUS	A	-0.01%
CVS	D	-0.01%
GS	B	-0.01%
FHN	D	-0.01%
DGX	D	-0.01%
FDX	F	-0.01%
ED	C	-0.01%
EBAY	A	-0.01%
CVX	B	-0.01%
CUBE	C	-0.01%
DVN	F	-0.01%
FANG	D	-0.01%
DUK	C	-0.01%
CTAS	C	-0.01%
CSX	D	-0.01%
FAF	C	-0.01%
FLEX	B	-0.01%
EXR	D	-0.01%
EXPE	B	-0.01%
EXC	C	-0.01%
DRI	C	-0.01%
DOW	B	-0.01%
DOV	C	-0.01%
DSS	F	-0.01%
COKE	C	-0.01%
ALB	D	-0.01%
AL	D	-0.01%
AJG	C	-0.01%
CNP	B	-0.01%
CNH	C	-0.01%
AYI	A	-0.01%
CMS	A	-0.01%
AWH	F	-0.01%
AVY	D	-0.01%
CM	C	-0.01%
AVA	D	-0.01%
AFL	A	-0.01%
AFG	A	-0.01%
ADSK	B	-0.01%
ADI	B	-0.01%
CHI	B	-0.01%
ADBE	F	-0.01%
BLK	A	-0.01%
BKH	C	-0.01%
BK	A	-0.01%
BIIB	F	-0.01%
APTV	D	-0.01%
APO	A	-0.01%
BIDU	C	-0.01%
BHF	D	-0.01%
APH	D	-0.01%
APD	C	-0.01%
CCI	D	-0.01%
BERY	C	-0.01%
AMT	D	-0.01%
AMCR	C	-0.01%