CBLS vs. VIS ETF Comparison

Comparison of Changebridge Capital Long/Short Equity ETF (CBLS) to Vanguard Industrials ETF - DNQ (VIS)

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

$25.41

Average Daily Volume

3,915

Number of Holdings ^*

* may have additional holdings in another (foreign) market

VIS

Vanguard Industrials ETF - DNQ

VIS Description

The investment seeks to track the performance of a benchmark index. The fund employs an indexing investment approach designed to track the performance of the MSCI US Investable Market Index (IMI)/Industrials 25/50, an index made up of stocks of large, mid-size, and small U.S. companies within the industrials sector, as classified under the Global Industry Classification Standard (GICS). It attempts to replicate the target index by investing all, or substantially all, of its assets in the stocks that make up the index, holding each stock in approximately the same proportion as its weighting in the index. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$258.50

Average Daily Volume

76,519

Number of Holdings ^*

360

* may have additional holdings in another (foreign) market

Performance

Period	CBLS	VIS
30 Days	0.74%	2.98%
60 Days	3.06%	9.69%
90 Days	-2.01%	10.82%
12 Months	36.42%	37.08%

15 Overlapping Holdings

Symbol	Grade	Weight in CBLS	Weight in VIS	Overlap
BLBD	D	2.64%	0.03%	0.03%
DE	A	-1.69%	1.91%	-1.69%
GD	A	1.47%	1.32%	1.32%
ICFI	C	2.49%	0.06%	0.06%
KMT	C	-1.08%	0.04%	-1.08%
MIDD	D	-1.16%	0.14%	-1.16%
PAYX	A	-1.12%	0.8%	-1.12%
R	C	-1.63%	0.12%	-1.63%
ROK	D	-1.01%	0.59%	-1.01%
ROL	B	2.4%	0.28%	0.28%
RTX	A	1.5%	3.09%	1.5%
STRL	B	3.36%	0.07%	0.07%
TASK	F	-0.97%	0.0%	-0.97%
TDG	A	1.54%	1.45%	1.45%
TTC	D	-0.94%	0.18%	-0.94%

CBLS Overweight 46 Positions Relative to VIS

Symbol	Grade	Weight
LNG	A	2.92%
SKY	B	2.86%
CHK	D	2.69%
SCI	C	2.68%
WTTR	C	2.63%
NEM	C	2.6%
IBN	C	2.6%
OSW	C	2.6%
BABA	A	2.59%
ERJ	C	2.59%
DELL	C	2.58%
ETR	A	2.53%
MMYT	D	2.52%
BOWL	F	2.49%
NEE	A	2.46%
TMDX	D	2.43%
ASML	F	2.42%
MGNI	D	2.41%
SO	A	2.38%
D	A	2.36%
AER	D	2.33%
AVGO	C	2.26%
NU	D	2.24%
WMT	A	2.24%
ECL	B	2.21%
UNH	B	2.19%
COST	C	2.18%
AMZN	C	2.16%
MSFT	D	2.03%
HUMA	D	1.97%
ORCL	B	1.94%
AMD	D	1.93%
KLAC	B	1.29%
AFRM	C	-0.3%
VSAT	F	-0.84%
IBM	B	-0.91%
VRNT	F	-1.0%
ENR	B	-1.01%
CTVA	A	-1.1%
CHH	B	-1.1%
BC	D	-1.14%
FIVN	F	-1.15%
DOOO	F	-1.29%
DFS	C	-1.29%
HOG	D	-1.35%
GIII	C	-1.63%

CBLS Underweight 345 Positions Relative to VIS

Symbol	Grade	Weight
GE	C	-3.61%
CAT	A	-3.29%
UNP	D	-2.95%
UBER	C	-2.6%
HON	C	-2.56%
LMT	A	-2.32%
ETN	C	-2.32%
ADP	A	-2.13%
BA	F	-1.92%
UPS	D	-1.77%
WM	B	-1.61%
TT	A	-1.54%
PH	A	-1.46%
MMM	C	-1.4%
CTAS	B	-1.39%
NOC	B	-1.39%
ITW	A	-1.33%
FDX	D	-1.31%
CSX	D	-1.26%
EMR	B	-1.14%
CARR	A	-1.11%
NSC	C	-1.09%
GEV	B	-1.04%
PCAR	D	-0.95%
JCI	B	-0.93%
URI	C	-0.93%
WCN	D	-0.91%
RSG	D	-0.87%
CPRT	B	-0.87%
LHX	A	-0.85%
GWW	A	-0.82%
CMI	B	-0.81%
PWR	B	-0.76%
AME	D	-0.75%
FAST	B	-0.74%
VRSK	D	-0.73%
EFX	C	-0.72%
OTIS	A	-0.72%
HWM	A	-0.71%
ODFL	D	-0.71%
IR	A	-0.7%
XYL	C	-0.63%
VRT	B	-0.56%
WAB	A	-0.56%
DAL	C	-0.52%
VLTO	A	-0.52%
AXON	A	-0.49%
FTV	B	-0.49%
DOV	C	-0.48%
BR	B	-0.47%
HUBB	A	-0.41%
BLDR	B	-0.4%
BAH	A	-0.39%
CSL	A	-0.38%
LDOS	A	-0.38%
J	D	-0.36%
LII	C	-0.36%
EME	C	-0.35%
TRU	A	-0.35%
LUV	B	-0.33%
TXT	F	-0.33%
EXPD	C	-0.33%
MAS	A	-0.33%
SSNC	C	-0.32%
WSO	C	-0.31%
SWK	A	-0.3%
IEX	D	-0.29%
OC	C	-0.28%
PNR	C	-0.28%
SNA	A	-0.28%
HEI	A	-0.28%
GGG	B	-0.27%
JBHT	D	-0.27%
UAL	B	-0.27%
ACM	C	-0.26%
NDSN	B	-0.26%
XPO	F	-0.25%
CLH	C	-0.24%
FIX	A	-0.24%
TTEK	B	-0.24%
CW	A	-0.23%
CHRW	A	-0.23%
ALLE	A	-0.23%
ITT	B	-0.22%
CACI	A	-0.21%
WMS	D	-0.21%
LECO	D	-0.21%
HII	F	-0.21%
RRX	C	-0.21%
NVT	D	-0.21%
HEI	A	-0.21%
SAIA	D	-0.19%
AOS	B	-0.19%
WWD	B	-0.19%
CNM	F	-0.18%
KBR	C	-0.18%
BWXT	A	-0.18%
GNRC	B	-0.18%
DCI	B	-0.17%
DAY	B	-0.17%
CNH	B	-0.17%
RBC	C	-0.16%
PAYC	D	-0.16%
KNX	D	-0.16%
FLR	D	-0.16%
CR	B	-0.15%
SSD	B	-0.15%
MLI	C	-0.15%
AYI	A	-0.15%
AIT	B	-0.15%
WCC	C	-0.15%
ALSN	A	-0.15%
FCN	C	-0.15%
MTZ	B	-0.14%
PCTY	B	-0.14%
WSC	D	-0.14%
APG	F	-0.14%
UFPI	C	-0.14%
UHAL	A	-0.13%
SAIC	A	-0.13%
MSA	F	-0.13%
TREX	D	-0.13%
AAL	D	-0.13%
KEX	C	-0.13%
OSK	F	-0.13%
CWST	D	-0.12%
AZEK	C	-0.12%
SITE	D	-0.12%
LSTR	D	-0.12%
AAON	A	-0.12%
FLS	A	-0.12%
RHI	D	-0.12%
MMS	B	-0.11%
TKR	D	-0.11%
MOG.A	A	-0.11%
AVAV	B	-0.11%
BECN	F	-0.11%
VMI	B	-0.11%
FSS	B	-0.11%
AGCO	D	-0.11%
ST	F	-0.11%
EXLS	A	-0.11%
GXO	D	-0.11%
ESAB	C	-0.11%
DY	C	-0.1%
GTLS	F	-0.1%
CSWI	B	-0.1%
HXL	F	-0.1%
BCC	C	-0.1%
WTS	C	-0.1%
EXPO	A	-0.1%
SRCL	B	-0.1%
AWI	A	-0.1%
RUN	D	-0.09%
PSN	A	-0.09%
ALK	B	-0.09%
MATX	C	-0.09%
ZWS	A	-0.09%
GATX	F	-0.09%
AL	D	-0.09%
BCO	C	-0.09%
MDU	C	-0.09%
FELE	C	-0.08%
ENS	D	-0.08%
SPR	D	-0.08%
LYFT	D	-0.08%
VRRM	D	-0.08%
ACA	C	-0.08%
DNB	D	-0.07%
KTOS	A	-0.07%
MAN	D	-0.07%
ABM	D	-0.07%
MSM	D	-0.07%
KFY	C	-0.07%
KAI	C	-0.07%
GTES	C	-0.07%
TEX	F	-0.07%
HRI	C	-0.07%
AIN	F	-0.06%
CNXC	F	-0.06%
REZI	D	-0.06%
ALIT	D	-0.06%
PRIM	C	-0.06%
ESE	B	-0.06%
SKYW	B	-0.06%
NPO	C	-0.06%
BRC	C	-0.06%
RUSHA	D	-0.06%
GVA	A	-0.06%
CBZ	F	-0.06%
RXO	D	-0.06%
MWA	A	-0.06%
NSP	F	-0.06%
TNET	F	-0.06%
ATKR	F	-0.06%
GMS	C	-0.06%
BE	F	-0.05%
ARCB	D	-0.05%
HNI	B	-0.05%
GFF	C	-0.05%
MGRC	D	-0.05%
TRN	C	-0.05%
ACVA	C	-0.05%
UNF	A	-0.05%
JBT	B	-0.05%
ROAD	C	-0.05%
HUBG	D	-0.05%
KAR	D	-0.04%
GEO	F	-0.04%
ALG	D	-0.04%
MRCY	B	-0.04%
B	C	-0.04%
HURN	D	-0.04%
CLVT	D	-0.04%
MLKN	F	-0.04%
ROCK	D	-0.04%
SXI	C	-0.04%
HAYW	B	-0.04%
WERN	D	-0.04%
EPAC	C	-0.04%
HI	F	-0.04%
AIR	D	-0.04%
AZZ	C	-0.04%
LNN	C	-0.03%
ENVX	D	-0.03%
DNOW	F	-0.03%
AMWD	B	-0.03%
NVEE	F	-0.03%
CSGS	C	-0.03%
HLIO	B	-0.03%
APOG	B	-0.03%
PLUG	D	-0.03%
CAR	D	-0.03%
SNDR	C	-0.03%
GBX	C	-0.03%
CXW	F	-0.03%
VSEC	D	-0.03%
JBLU	B	-0.03%
REVG	D	-0.03%
HEES	D	-0.03%
JBI	F	-0.03%
POWL	A	-0.03%
CMPR	F	-0.03%
VSTS	D	-0.03%
MYRG	F	-0.03%
IESC	B	-0.03%
TNC	F	-0.03%
JOBY	D	-0.03%
RKLB	B	-0.03%
HCSG	D	-0.02%
DCO	A	-0.02%
GRC	B	-0.02%
BXC	D	-0.02%
CECO	D	-0.02%
WNC	F	-0.02%
VICR	B	-0.02%
ATSG	B	-0.02%
DLX	F	-0.02%
HA	B	-0.02%
SHLS	F	-0.02%
ERII	B	-0.02%
DRVN	B	-0.02%
BBSI	C	-0.02%
CDRE	B	-0.02%
NVRI	D	-0.02%
FA	A	-0.02%
BV	B	-0.02%
CMCO	D	-0.02%
AMRC	C	-0.02%
AGX	A	-0.02%
ARRY	F	-0.02%
MRTN	F	-0.02%
TPC	A	-0.02%
THR	F	-0.02%
MEG	F	-0.02%
TGI	F	-0.02%
TILE	C	-0.02%
MRC	D	-0.02%
TRNS	D	-0.02%
PBI	C	-0.02%
FLNC	C	-0.02%
CRAI	C	-0.02%
SCS	D	-0.02%
KFRC	F	-0.02%
JELD	D	-0.02%
UPWK	D	-0.02%
PYCR	D	-0.02%
NX	F	-0.02%
SAVE	F	-0.01%
DDD	D	-0.01%
PLPC	D	-0.01%
LXFR	C	-0.01%
TITN	F	-0.01%
RGP	F	-0.01%
HDSN	D	-0.01%
ULH	C	-0.01%
MTW	F	-0.01%
HTZ	F	-0.01%
NPK	F	-0.01%
TWI	F	-0.01%
FC	C	-0.01%
SNCY	D	-0.01%
SHYF	D	-0.01%
SRCL	B	-0.01%
LQDT	C	-0.01%
ACCO	C	-0.01%
HY	F	-0.01%
PL	D	-0.01%
SMR	B	-0.01%
CNDT	B	-0.01%
EBF	C	-0.01%
GIC	D	-0.01%
PLOW	C	-0.01%
ALGT	D	-0.01%
FWRD	D	-0.01%
GLDD	B	-0.01%
KELYA	D	-0.01%
ACHR	F	-0.01%
IIIN	F	-0.01%
HTLD	F	-0.01%
MLR	B	-0.01%
VVI	B	-0.01%
MATW	F	-0.01%
DXPE	C	-0.01%
ASTE	F	-0.01%
GNK	B	-0.01%
CHPT	F	-0.01%
PRLB	F	-0.01%
XMTR	D	-0.01%
HSII	C	-0.01%
NRGV	F	-0.0%
STEM	F	-0.0%
TTEC	D	-0.0%
FREY	F	-0.0%
SES	F	-0.0%
ALTG	F	-0.0%
EAF	C	-0.0%
ASLE	F	-0.0%
BLNK	F	-0.0%
KRT	F	-0.0%
TPIC	C	-0.0%
FCEL	F	-0.0%
TBI	F	-0.0%
FORR	F	-0.0%
ULCC	D	-0.0%