CBLS vs. HAIL ETF Comparison

Comparison of Changebridge Capital Long/Short Equity ETF (CBLS) to SPDR S&P Kensho Smart Mobility ETF (HAIL)

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

$25.24

Average Daily Volume

3,853

Number of Holdings ^*

61

* may have additional holdings in another (foreign) market

HAIL

SPDR S&P Kensho Smart Mobility ETF

HAIL Description

The investment seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of the S&P Kensho Smart Transportation Index. Under normal market conditions, the fund generally invests substantially all, but at least 80%, of its total assets in the securities comprising the index. The index is comprised of U.S.-listed equity securities (including depositary receipts) of companies domiciled across developed and emerging markets worldwide which are included in the Smart Transportation sector as determined by a classification standard produced by the index provider. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$28.31

Average Daily Volume

3,094

Number of Holdings ^*

66

* may have additional holdings in another (foreign) market

Performance

Period	CBLS	HAIL
30 Days	0.06%	2.22%
60 Days	2.38%	7.73%
90 Days	-2.67%	-0.22%
12 Months	32.48%	-3.77%

1 Overlapping Holdings

	Symbol	Grade	Weight in CBLS	Weight in HAIL	Overlap
	BLBD	D	2.64%	1.08%	1.08%

CBLS Overweight 60 Positions Relative to HAIL

	Symbol	Grade	Weight
	STRL	C	3.36%
	LNG	D	2.92%
	SKY	A	2.86%
	CHK	C	2.69%
	SCI	C	2.68%
	WTTR	D	2.63%
	NEM	C	2.6%
	IBN	C	2.6%
	OSW	C	2.6%
	BABA	A	2.59%
	ERJ	C	2.59%
	DELL	D	2.58%
	ETR	A	2.53%
	MMYT	D	2.52%
	BOWL	F	2.49%
	ICFI	C	2.49%
	NEE	A	2.46%
	TMDX	D	2.43%
	ASML	F	2.42%
	MGNI	D	2.41%
	ROL	B	2.4%
	SO	A	2.38%
	D	A	2.36%
	AER	C	2.33%
	AVGO	C	2.26%
	NU	D	2.24%
	WMT	A	2.24%
	ECL	A	2.21%
	UNH	B	2.19%
	COST	C	2.18%
	AMZN	C	2.16%
	MSFT	C	2.03%
	HUMA	D	1.97%
	ORCL	C	1.94%
	AMD	D	1.93%
	TDG	A	1.54%
	RTX	A	1.5%
	GD	A	1.47%
	KLAC	D	1.29%
	AFRM	C	-0.3%
	VSAT	F	-0.84%
	IBM	C	-0.91%
	TTC	D	-0.94%
	TASK	F	-0.97%
	VRNT	F	-1.0%
	ROK	D	-1.01%
	ENR	B	-1.01%
	KMT	C	-1.08%
	CTVA	B	-1.1%
	CHH	C	-1.1%
	PAYX	A	-1.12%
	BC	C	-1.14%
	FIVN	F	-1.15%
	MIDD	D	-1.16%
	DOOO	F	-1.29%
	DFS	C	-1.29%
	HOG	C	-1.35%
	R	C	-1.63%
	GIII	C	-1.63%
	DE	A	-1.69%

CBLS Underweight 65 Positions Relative to HAIL

	Symbol	Grade	Weight
	AUR	C	-4.49%
	PSNY	C	-3.41%
	TSLA	B	-2.57%
	XPEV	C	-2.48%
	LCID	D	-2.3%
	NIO	C	-2.25%
	ALSN	A	-2.23%
	LI	C	-2.22%
	CMI	B	-2.07%
	UBER	C	-1.87%
	BWA	C	-1.79%
	HMC	D	-1.78%
	NVDA	C	-1.75%
	ANSS	D	-1.74%
	AMBA	C	-1.67%
	RIVN	F	-1.66%
	GM	D	-1.66%
	APTV	D	-1.66%
	MOD	C	-1.65%
	GTX	F	-1.64%
	ON	F	-1.62%
	ASPN	C	-1.58%
	THRM	F	-1.58%
	VC	F	-1.55%
	LYFT	D	-1.53%
	EH	D	-1.51%
	AXL	F	-1.45%
	PAR	D	-1.42%
	QCOM	D	-1.39%
	HEI	C	-1.37%
	DAN	F	-1.37%
	ALGM	F	-1.37%
	MVIS	D	-1.34%
	ITUB	C	-1.32%
	CAR	D	-1.31%
	IRDM	C	-1.27%
	TRMB	B	-1.24%
	HII	D	-1.24%
	AIOT	C	-1.22%
	GRAB	B	-1.22%
	REVG	D	-1.21%
	MT	B	-1.2%
	BIDU	C	-1.18%
	PLUG	F	-1.18%
	TXT	D	-1.17%
	STM	F	-1.1%
	PCAR	D	-1.08%
	TM	D	-1.06%
	ST	F	-1.05%
	LAZR	F	-1.04%
	LEA	F	-1.04%
	F	D	-1.02%
	VNT	F	-1.0%
	ENPH	D	-0.99%
	NXPI	F	-0.97%
	HY	F	-0.95%
	INTC	D	-0.9%
	INDI	F	-0.89%
	BLNK	F	-0.86%
	STLA	F	-0.83%
	BLDE	F	-0.74%
	REKR	F	-0.56%
	SEDG	F	-0.53%
	INVZ	D	-0.48%
	ITRN	D	-0.35%

CBLS: Top Represented Industries & Keywords

Industries: Aerospace & Defense Software - Infrastructure Business Services Information Technology Services Leisure Discount Stores Diversified Industrials Recreational Vehicles Semiconductor Equipment & Materials Semiconductors Specialty Retail Tools & Accessories Utilities - Diversified Utilities - Regulated Electric Agricultural Inputs Airports & Air Services Apparel Manufacturing Auto Manufacturers Banks - Diversified Banks - Regional - Asia

Keywords: S&P 500 Nasdaq 100 Cloud Computing Dow Jones Component E Commerce Work From Home Computing Electricity Internet Access Natural Gas Oil And Gas Retailing Software Development Aerospace Bank Banking Boat Business Process Management CRM Cloud Infrastructure

HAIL: Top Represented Industries & Keywords

Industries: Auto Manufacturers Auto Parts Semiconductors Software - Application Aerospace & Defense Scientific & Technical Instruments Communication Equipment Electronic Components Semiconductor Equipment & Materials Truck Manufacturing Airports & Air Services Banks - Regional - Latin America Building Materials Business Services Diversified Industrials Information Technology Services Internet Content & Information Recreational Vehicles Rental & Leasing Services Security & Protection Services

Keywords: Transport S&P 500 Cars Nasdaq 100 Automotive Industry Electric Vehicle Motor Vehicles Electronics Integrated Circuits Passenger Car Fabless Semiconductor Companies Powertrain Semiconductor Aerospace Computing Global Positioning System Location Based Software Rental Car Sport Utility Vehicle Telecommunications