CBLS vs. GLOF ETF Comparison

Comparison of Changebridge Capital Long/Short Equity ETF (CBLS) to iShares Global Equity Factor ETF (GLOF)

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

$25.95

Average Daily Volume

24,805

Number of Holdings ^*

* may have additional holdings in another (foreign) market

GLOF

iShares Global Equity Factor ETF

GLOF Description

The fund generally will invest at least 80% of its assets in the component securities of the underlying index and in investments that have economic characteristics that are substantially identical to the component securities of the underlying index. The underlying index is designed to contain equity securities from the MSCI ACWI Index (the parent index) that have high exposure to four investment style factors: value, quality, momentum and low size, while maintaining a level of risk similar to that of the parent index.

Grade (RS Rating)

Last Trade

$43.21

Average Daily Volume

13,327

Number of Holdings ^*

209

* may have additional holdings in another (foreign) market

Performance

Period	CBLS	GLOF
30 Days	1.01%	3.34%
60 Days	8.34%	6.19%
90 Days	11.28%	6.37%
12 Months	33.19%	27.17%

19 Overlapping Holdings

Symbol	Grade	Weight in CBLS	Weight in GLOF	Overlap
AAPL	A	2.05%	4.1%	2.05%
AVGO	B	1.83%	1.26%	1.26%
BKNG	B	2.02%	0.65%	0.65%
DELL	C	1.94%	0.33%	0.33%
F	B	-1.44%	0.03%	-1.44%
IBM	B	-0.94%	0.07%	-0.94%
KLAC	B	1.96%	0.39%	0.39%
LLY	A	2.76%	0.9%	0.9%
LRCX	B	2.02%	0.32%	0.32%
MELI	B	2.13%	0.24%	0.24%
MSFT	A	2.04%	4.58%	2.04%
NOW	A	-0.51%	0.29%	-0.51%
NU	B	2.19%	0.07%	0.07%
NVDA	B	2.89%	3.95%	2.89%
PAYX	D	-0.81%	0.03%	-0.81%
PH	D	-0.99%	0.04%	-0.99%
SBUX	F	2.07%	0.16%	0.16%
TSLA	B	-1.61%	0.18%	-1.61%
WMT	A	1.99%	0.53%	0.53%

CBLS Overweight 61 Positions Relative to GLOF

Symbol	Grade	Weight
LNG	B	2.68%
RDDT	B	2.45%
MMYT	B	2.43%
GTLS	D	2.41%
STRL	D	2.29%
IBN	A	2.29%
CRSP	F	2.25%
HLX	B	2.19%
ICFI	D	2.17%
SN	C	2.11%
NARI	C	2.1%
OSW	B	2.1%
RIG	F	2.09%
ERJ	D	2.07%
WTTR	B	2.06%
ARCO	D	2.04%
TSM	A	1.99%
CHK	D	1.98%
GD	D	1.98%
ECL	B	1.98%
ASML	A	1.97%
MGNI	B	1.97%
AER	B	1.95%
TDG	D	1.95%
RTX	D	1.93%
SKY	F	1.91%
MU	C	1.86%
ONON	C	0.96%
SEDG	F	-0.33%
PLUG	F	-0.48%
HAYW	F	-0.69%
SITE	F	-0.7%
CWAN	B	-0.71%
TTC	C	-0.74%
BC	F	-0.78%
HELE	F	-0.79%
LAD	F	-0.81%
CTVA	D	-0.84%
MIDD	F	-0.85%
BXP	C	-0.87%
BX	C	-0.87%
ROK	D	-0.88%
CHH	B	-0.88%
ENR	C	-0.89%
KEY	C	-0.9%
ARE	C	-0.91%
APO	B	-0.91%
FAST	D	-0.93%
BGFV	F	-0.96%
MPW	F	-0.96%
OZK	D	-0.97%
KMT	F	-0.98%
CMA	C	-0.99%
IR	C	-0.99%
MTB	C	-1.04%
ZION	C	-1.04%
DASH	C	-1.17%
GPS	C	-1.17%
INTC	C	-1.34%
HOG	F	-1.43%
DECK	C	-1.45%

CBLS Underweight 190 Positions Relative to GLOF

Symbol	Grade	Weight
GOOG	A	-2.82%
AMZN	A	-2.06%
META	A	-1.29%
NVO	B	-0.97%
JPM	B	-0.81%
PG	C	-0.74%
UNH	D	-0.69%
PEP	D	-0.67%
V	C	-0.67%
ABBV	C	-0.66%
CDNS	B	-0.65%
FICO	A	-0.63%
MCK	B	-0.62%
HD	C	-0.61%
MRK	C	-0.59%
JNJ	F	-0.59%
LOW	D	-0.57%
INTU	A	-0.53%
MCD	F	-0.5%
COST	A	-0.49%
MA	C	-0.47%
FTNT	C	-0.46%
MTD	D	-0.46%
MSI	B	-0.45%
AMAT	B	-0.44%
CTAS	A	-0.43%
AMP	B	-0.43%
ELV	C	-0.43%
QCOM	B	-0.43%
TXN	B	-0.42%
TEAM	C	-0.42%
AZO	C	-0.42%
SYF	B	-0.42%
BBY	C	-0.4%
LII	B	-0.38%
BLDR	F	-0.38%
KR	C	-0.37%
TT	B	-0.36%
ORCL	A	-0.36%
TMO	D	-0.36%
FERG	D	-0.36%
NVS	A	-0.33%
VLTO	D	-0.33%
HPE	C	-0.33%
ACN	D	-0.33%
IT	B	-0.32%
ORLY	C	-0.31%
PANW	B	-0.31%
TGT	D	-0.3%
MFG	A	-0.29%
CRWD	B	-0.29%
HPQ	C	-0.28%
ABNB	B	-0.28%
EBAY	B	-0.28%
ALLY	B	-0.28%
DOCU	C	-0.27%
BMY	F	-0.27%
SHG	A	-0.27%
COF	D	-0.27%
MSCI	C	-0.27%
STLD	D	-0.27%
SNPS	B	-0.26%
HOLX	C	-0.25%
AMGN	B	-0.24%
XOM	D	-0.24%
STLA	F	-0.24%
PFE	C	-0.24%
ABT	D	-0.23%
SPGI	B	-0.23%
LYB	D	-0.22%
YUM	D	-0.22%
KB	A	-0.22%
PM	B	-0.22%
MOH	F	-0.22%
ANET	A	-0.22%
GILD	C	-0.22%
CSCO	D	-0.21%
ADBE	B	-0.21%
MUFG	A	-0.2%
GWW	C	-0.2%
BAC	B	-0.2%
LIN	C	-0.19%
DVA	C	-0.19%
HUM	C	-0.19%
AXP	C	-0.19%
PHM	D	-0.19%
PSA	B	-0.18%
FNF	D	-0.18%
NVR	D	-0.18%
KO	A	-0.18%
DFS	B	-0.18%
ETSY	F	-0.18%
GIB	D	-0.17%
FOXA	B	-0.17%
NUE	F	-0.17%
T	B	-0.17%
BRK.A	C	-0.17%
COP	D	-0.17%
MPC	D	-0.16%
HUBS	C	-0.16%
MAS	D	-0.16%
EMR	C	-0.16%
AFL	B	-0.16%
VRTX	B	-0.16%
TRV	D	-0.15%
NKE	F	-0.15%
STT	C	-0.15%
MRO	B	-0.15%
HSY	F	-0.15%
VST	C	-0.15%
WFC	C	-0.14%
CDW	D	-0.13%
LI	F	-0.13%
GEHC	D	-0.12%
NTAP	A	-0.12%
DOW	D	-0.11%
BNTX	F	-0.11%
ZS	B	-0.11%
EG	D	-0.11%
IPG	F	-0.11%
CVS	D	-0.11%
UNP	D	-0.1%
PFG	D	-0.1%
TM	D	-0.1%
MRNA	D	-0.1%
A	D	-0.1%
EL	F	-0.1%
GS	A	-0.1%
VZ	B	-0.1%
PATH	D	-0.09%
VLO	D	-0.09%
URI	D	-0.09%
SMFG	A	-0.09%
BLK	B	-0.09%
DT	F	-0.09%
NWS	B	-0.08%
SPG	C	-0.08%
IDXX	D	-0.08%
BK	B	-0.08%
CHKP	A	-0.07%
PCOR	C	-0.07%
SIRI	C	-0.07%
DE	F	-0.07%
LULU	F	-0.07%
GM	B	-0.07%
DTE	D	-0.07%
CF	F	-0.06%
TJX	A	-0.06%
CVX	D	-0.06%
SONY	C	-0.06%
RF	B	-0.06%
QRVO	B	-0.05%
CPNG	C	-0.05%
FWONA	C	-0.05%
NDAQ	C	-0.05%
AEI	C	-0.05%
STM	C	-0.05%
MDLZ	D	-0.05%
ULTA	D	-0.04%
AMD	B	-0.04%
MTCH	F	-0.04%
REG	B	-0.04%
CAT	D	-0.04%
DOX	D	-0.04%
CHTR	C	-0.04%
TSCO	D	-0.04%
ABBV	C	-0.03%
MCO	A	-0.03%
MOS	F	-0.03%
WIT	A	-0.03%
KEYS	D	-0.03%
NI	B	-0.03%
EA	B	-0.03%
BIIB	C	-0.03%
GL	D	-0.02%
DHR	D	-0.02%
VRSN	C	-0.02%
OMC	D	-0.02%
WY	F	-0.02%
STX	B	-0.02%
VICI	D	-0.02%
MDT	D	-0.01%
OKTA	C	-0.01%
VEEV	D	-0.01%
PCAR	D	-0.01%
UBER	B	-0.01%
PLD	C	-0.01%
CSX	D	-0.01%
ETN	C	-0.01%
SPOT	B	-0.01%