CBLS vs. NUSI ETF Comparison

Comparison of Changebridge Capital Long/Short Equity ETF (CBLS) to Nationwide Risk-Managed Income ETF (NUSI)

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

$26.78

Average Daily Volume

2,122

Number of Holdings ^*

* may have additional holdings in another (foreign) market

NUSI

Nationwide Risk-Managed Income ETF

NUSI Description

The investment seeks current income with downside protection. The fund is an actively-managed exchange-traded fund (ETF) that seeks to achieve its investment objective principally by investing in a portfolio of the stocks included in the Nasdaq-100® Index and an options collar (i.e., a mix of written (sold) call options and long (bought) put options) on the Nasdaq-100. It is non-diversified.

Grade (RS Rating)

Last Trade

$25.94

Average Daily Volume

39,771

Number of Holdings ^*

101

* may have additional holdings in another (foreign) market

Performance

Period	CBLS	NUSI
30 Days	4.21%	2.65%
60 Days	5.17%	1.99%
90 Days	4.99%	4.48%
12 Months	35.40%	24.36%

8 Overlapping Holdings

Symbol	Grade	Weight in CBLS	Weight in NUSI	Overlap
AMZN	C	2.83%	5.1%	2.83%
COST	B	2.64%	2.59%	2.59%
INTC	D	2.91%	0.66%	0.66%
KDP	D	-0.5%	0.29%	-0.5%
MRNA	F	-1.15%	0.09%	-1.15%
NVDA	C	3.31%	8.86%	3.31%
PEP	F	-0.51%	1.38%	-0.51%
TSLA	B	-2.63%	4.03%	-2.63%

CBLS Overweight 55 Positions Relative to NUSI

Symbol	Grade	Weight
LNG	B	3.31%
WTTR	B	3.07%
GTLS	B	2.81%
MGNI	A	2.76%
WMT	A	2.75%
SKY	A	2.73%
BWXT	B	2.7%
ORCL	B	2.62%
STRL	B	2.54%
CCL	B	2.49%
RDDT	B	2.45%
OSW	A	2.43%
IBN	C	2.38%
ECL	D	2.32%
GD	F	2.32%
NARI	C	2.3%
RTX	C	2.29%
ROL	B	2.28%
D	C	2.24%
AER	B	2.24%
VST	B	2.23%
SO	D	2.23%
NEE	D	2.12%
ERJ	B	2.12%
HUMA	F	2.11%
SCHW	B	2.08%
MC	C	1.98%
ETR	B	1.93%
SCI	B	1.92%
DELL	C	1.91%
TDG	D	1.78%
CRSP	D	0.86%
KLG	C	-0.49%
POST	C	-0.5%
GIS	D	-0.51%
DOOO	F	-0.9%
TTC	D	-0.93%
R	B	-0.95%
GIII	D	-0.97%
PFE	D	-1.06%
SIG	B	-1.07%
JNJ	D	-1.1%
MIDD	C	-1.16%
ROK	B	-1.17%
ENR	B	-1.19%
AME	A	-1.2%
NVO	D	-1.3%
LLY	F	-1.37%
F	C	-1.41%
DE	A	-1.45%
HELE	C	-1.71%
HSY	F	-1.75%
VSAT	F	-1.75%
GOGO	C	-1.77%
NOW	A	-1.8%

CBLS Underweight 93 Positions Relative to NUSI

Symbol	Grade	Weight
AAPL	C	-8.45%
MSFT	F	-7.35%
META	D	-4.87%
AVGO	D	-4.74%
GOOGL	C	-2.53%
GOOG	C	-2.45%
NFLX	A	-2.41%
TMUS	B	-1.76%
CSCO	B	-1.46%
ADBE	C	-1.44%
AMD	F	-1.41%
LIN	D	-1.37%
ISRG	A	-1.24%
TXN	C	-1.17%
INTU	C	-1.16%
QCOM	F	-1.11%
BKNG	A	-1.09%
CMCSA	B	-1.07%
AMGN	D	-1.0%
HON	B	-0.93%
AMAT	F	-0.92%
ADP	B	-0.8%
PANW	C	-0.8%
VRTX	F	-0.75%
SBUX	A	-0.72%
GILD	C	-0.71%
MU	D	-0.7%
ADI	D	-0.68%
MELI	D	-0.63%
PYPL	B	-0.59%
CTAS	B	-0.59%
LRCX	F	-0.58%
MDLZ	F	-0.57%
KLAC	D	-0.56%
SNPS	B	-0.54%
CDNS	B	-0.54%
MAR	B	-0.53%
CRWD	B	-0.52%
REGN	F	-0.52%
MRVL	B	-0.5%
PDD	F	-0.5%
CEG	D	-0.49%
FTNT	C	-0.46%
ORLY	B	-0.46%
CSX	B	-0.44%
ADSK	A	-0.43%
DASH	A	-0.41%
ABNB	C	-0.38%
CHTR	C	-0.38%
ROP	B	-0.38%
ASML	F	-0.37%
NXPI	D	-0.37%
PCAR	B	-0.37%
TTD	B	-0.36%
MNST	C	-0.36%
WDAY	B	-0.35%
CPRT	A	-0.34%
AEP	D	-0.33%
PAYX	C	-0.33%
ROST	C	-0.31%
ODFL	B	-0.31%
FAST	B	-0.3%
BKR	B	-0.29%
EA	A	-0.29%
DDOG	A	-0.27%
VRSK	A	-0.27%
LULU	C	-0.25%
EXC	C	-0.25%
XEL	A	-0.25%
GEHC	F	-0.25%
TEAM	A	-0.25%
CTSH	B	-0.25%
AZN	D	-0.24%
KHC	F	-0.24%
IDXX	F	-0.23%
MCHP	D	-0.23%
CCEP	C	-0.22%
TTWO	A	-0.21%
FANG	D	-0.21%
ZS	C	-0.2%
ANSS	B	-0.2%
CSGP	D	-0.2%
ON	D	-0.19%
DXCM	D	-0.19%
CDW	F	-0.16%
WBD	C	-0.16%
GFS	C	-0.15%
BIIB	F	-0.15%
ILMN	D	-0.14%
MDB	C	-0.13%
APP	B	-0.1%
ARM	D	-0.07%
SMCI	F	-0.02%