CBLS vs. TXS ETF Comparison

Comparison of Changebridge Capital Long/Short Equity ETF (CBLS) to Texas Capital Texas Equity Index ETF (TXS)
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

$25.21

Average Daily Volume

2,080

Number of Holdings *

61

* may have additional holdings in another (foreign) market
TXS

Texas Capital Texas Equity Index ETF

TXS Description TXS tracks an index composed of companies that have significant contributions to the economy of Texas. The fund adviser believes that companies headquartered in Texas enjoy certain economic, regulatory, taxation, workforce and other benefits relative to companies headquartered in other states. Initially, all eligible securities from the investable equity universe that meet certain size and liquidity requirements are selected as index constituents. Component sectors in the index are weighted based on their industry contributions to Texass GDP, as reported for the private sector by the US Bureau of Economic Analysis. Companies within each sector are then weighted based on their market-cap, with a minimum cap of 0.05% and maximum cap of 10% per constituent. The fund does not limit its investment to a certain market-cap bracket. TXS may concentrate its investment in a particular industry or group of industries to the extent that the index is concentrated.

Grade (RS Rating)

Last Trade

$31.25

Average Daily Volume

1,666

Number of Holdings *

198

* may have additional holdings in another (foreign) market
Performance
Period CBLS TXS
30 Days -0.79% 0.48%
60 Days -0.06% 2.09%
90 Days 2.25% 7.65%
12 Months 33.75% 32.99%
8 Overlapping Holdings
Symbol Grade Weight in CBLS Weight in TXS Overlap
DELL A 3.08% 0.21% 0.21%
LNG A 2.99% 2.29% 2.29%
ORCL B 2.5% 2.4% 2.4%
SCI A 2.61% 1.76% 1.76%
STRL B 1.76% 0.2% 0.2%
TASK B -1.13% 0.05% -1.13%
TSLA A -1.48% 4.75% -1.48%
WTTR D 2.53% 0.05% 0.05%
CBLS Overweight 53 Positions Relative to TXS
Symbol Grade Weight
SKY C 2.93%
WMT A 2.8%
OSW A 2.75%
BWXT B 2.7%
ETR A 2.67%
COST D 2.64%
AMZN A 2.62%
IBN A 2.59%
ICFI B 2.58%
GTLS B 2.52%
D B 2.48%
ERJ C 2.45%
SO C 2.45%
NEE D 2.42%
AMD F 2.42%
AER C 2.35%
NEM D 2.28%
ROL D 2.24%
ECL C 2.23%
BA F 2.2%
HUMA D 2.17%
TMDX F 2.07%
RTX C 2.06%
RDDT A 1.99%
GD C 1.99%
NVDA B 1.97%
PDD C 1.67%
ASML F 1.62%
TDG C 1.45%
HELE C -0.71%
R A -0.72%
NVAX F -0.79%
TTC F -0.8%
GIII C -0.85%
SIG C -0.87%
AME A -0.9%
ROK B -0.96%
KMT B -0.97%
F D -0.98%
ENR B -1.0%
DOOO F -1.02%
HOG F -1.04%
IBM C -1.04%
BC C -1.04%
MIDD F -1.04%
RBLX A -1.06%
CTVA A -1.06%
VRNT F -1.22%
AMAT F -1.27%
DE B -1.31%
CHH A -1.36%
NOW A -1.45%
NVO F -1.66%
CBLS Underweight 190 Positions Relative to TXS
Symbol Grade Weight
THC C -4.35%
DLR A -3.93%
SCHW B -3.89%
CRWD C -3.86%
XOM C -3.49%
WM A -3.42%
MCK C -3.38%
CCI D -3.34%
CBRE A -2.79%
GME B -2.41%
DHI D -2.24%
SYY D -1.99%
WING F -1.98%
COP D -1.93%
PWR B -1.87%
KMI B -1.84%
TPL A -1.59%
GPI C -1.42%
TYL A -1.42%
T A -1.36%
INVH F -1.33%
TRGP A -1.31%
TXN A -1.24%
CAT B -1.17%
RUSHA A -1.14%
EOG D -1.13%
ASO F -1.13%
J D -1.03%
SLB F -0.93%
CPT D -0.87%
ACM A -0.82%
VST B -0.79%
EAT A -0.77%
PLAY C -0.74%
ADUS D -0.71%
LUV A -0.66%
FIX B -0.62%
OXY F -0.56%
BKR A -0.55%
FLR B -0.51%
KBR B -0.51%
FANG F -0.51%
ATO B -0.41%
CPRT D -0.4%
HAL F -0.39%
SBH B -0.39%
USPH F -0.37%
CNP C -0.35%
PSX F -0.34%
CRBG B -0.34%
GL C -0.33%
NRG B -0.32%
AAL A -0.31%
KMB D -0.3%
CMA A -0.29%
HHH C -0.28%
KEX D -0.27%
CTRA F -0.27%
CFR B -0.26%
VLO F -0.26%
AGL F -0.25%
PB B -0.23%
MRO C -0.22%
TPG B -0.21%
COOP D -0.19%
NSP F -0.18%
IESC A -0.17%
HPE A -0.16%
APA F -0.15%
XPEL F -0.14%
LII B -0.14%
PR F -0.14%
BLDR F -0.14%
PRIM A -0.13%
FFIN D -0.13%
GRBK D -0.13%
RRC D -0.12%
CHRD F -0.12%
IBOC B -0.11%
MTDR D -0.1%
NTRA B -0.1%
OMCL B -0.1%
KNTK B -0.09%
GSHD A -0.09%
WFRD F -0.09%
NTST F -0.09%
LGIH F -0.09%
VCTR A -0.09%
CE F -0.09%
FYBR A -0.08%
MTCH C -0.08%
CSV A -0.07%
APLD C -0.07%
LUNR B -0.07%
DNOW F -0.07%
SAVA D -0.07%
STC D -0.07%
TFIN B -0.07%
ACA B -0.07%
UEC B -0.07%
POWL A -0.07%
MUR F -0.07%
NXRT D -0.07%
IBTX B -0.07%
XPRO F -0.07%
MGY C -0.07%
QTWO A -0.06%
MRC F -0.06%
TRN C -0.06%
CRGY B -0.06%
CRK B -0.06%
SABR C -0.06%
SKWD B -0.06%
FFWM D -0.06%
EE A -0.06%
GLDD B -0.06%
ALKT B -0.06%
AMN F -0.06%
RICK F -0.06%
USLM A -0.06%
AAOI B -0.06%
EXP B -0.06%
TALO D -0.05%
NOV F -0.05%
UPBD D -0.05%
THR F -0.05%
YETI F -0.05%
BRY F -0.05%
ALG C -0.05%
HTH D -0.05%
AESI F -0.05%
WLK F -0.05%
HLX F -0.05%
GRNT F -0.05%
OIS D -0.05%
CNK A -0.05%
CECO F -0.05%
ITI A -0.05%
THRY F -0.05%
VTOL D -0.05%
SBSI D -0.05%
AZZ D -0.05%
DXPE C -0.05%
SWI B -0.05%
ITGR D -0.05%
CSTL A -0.05%
PTEN F -0.05%
CHX F -0.05%
INN F -0.05%
ANET B -0.05%
DIOD F -0.05%
FOR F -0.05%
EZPW B -0.05%
SLAB F -0.05%
DINO F -0.05%
AROC D -0.05%
CMC A -0.05%
PRO C -0.05%
HUN F -0.05%
EGY F -0.05%
PUMP F -0.05%
TTI C -0.05%
WHD B -0.05%
LXRX D -0.05%
DAR B -0.05%
HESM D -0.05%
TDW F -0.05%
OII D -0.05%
GDOT C -0.05%
WSR B -0.05%
TH F -0.05%
NXST A -0.05%
APPS B -0.05%
VITL C -0.05%
CVI F -0.05%
CSWI B -0.05%
NX C -0.05%
FLS A -0.05%
VBTX B -0.05%
ATI F -0.05%
BMBL C -0.05%
PX B -0.05%
SVRA D -0.04%
TSHA F -0.04%
CRUS F -0.04%
PARR F -0.04%
BIGC F -0.04%
NR F -0.04%
ETWO F -0.03%
NOVA F -0.02%
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