CBLS vs. VUSB ETF Comparison

Comparison of Changebridge Capital Long/Short Equity ETF (CBLS) to Vanguard Ultra-Short Bond ETF (VUSB)

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

$26.83

Average Daily Volume

2,139

Number of Holdings ^*

* may have additional holdings in another (foreign) market

VUSB

Vanguard Ultra-Short Bond ETF

VUSB Description

Vanguard Bond Index Funds - Vanguard Ultra-Short Bond ETF is an exchange traded fund launched and managed by The Vanguard Group, Inc. The fund invests in the fixed income markets. It primarily invests in high-quality securities that are rated A3 or better and medium-quality securities that are rated Baa1, Baa2, or Baa3 by Moody's Investors Service, Inc. The fund seeks to invest in securities with maturity of 0-2 years. The fund employs fundamental analysis with bottom-up and top-down security picking approach to create its portfolio. Vanguard Bond Index Funds - Vanguard Ultra-Short Bond ETF was formed on April 5, 2021 is domiciled in the United States.

Grade (RS Rating)

Last Trade

$49.71

Average Daily Volume

691,491

Number of Holdings ^*

201

* may have additional holdings in another (foreign) market

Performance

Period	CBLS	VUSB
30 Days	4.28%	0.27%
60 Days	5.58%	0.42%
90 Days	5.18%	1.10%
12 Months	35.65%	6.23%

18 Overlapping Holdings

Symbol	Grade	Weight in CBLS	Weight in VUSB	Overlap
AER	A	2.24%	0.01%	0.01%
AMZN	C	2.83%	0.06%	0.06%
D	C	2.24%	0.01%	0.01%
DE	B	-1.45%	0.01%	-1.45%
DELL	B	1.91%	0.04%	0.04%
ETR	B	1.93%	0.05%	0.05%
GIS	D	-0.51%	0.47%	-0.51%
INTC	C	2.91%	0.03%	0.03%
KDP	F	-0.5%	0.01%	-0.5%
LLY	F	-1.37%	0.05%	-1.37%
NEE	C	2.12%	0.01%	0.01%
NVDA	B	3.31%	0.71%	0.71%
ORCL	A	2.62%	0.03%	0.03%
PEP	F	-0.51%	0.13%	-0.51%
R	B	-0.95%	0.06%	-0.95%
ROK	C	-1.17%	0.14%	-1.17%
SCHW	B	2.08%	0.01%	0.01%
SO	C	2.23%	0.04%	0.04%

CBLS Overweight 45 Positions Relative to VUSB

Symbol	Grade	Weight
LNG	A	3.31%
WTTR	A	3.07%
GTLS	A	2.81%
MGNI	B	2.76%
WMT	A	2.75%
SKY	A	2.73%
BWXT	B	2.7%
COST	A	2.64%
STRL	A	2.54%
CCL	A	2.49%
RDDT	A	2.45%
OSW	B	2.43%
IBN	C	2.38%
ECL	D	2.32%
GD	D	2.32%
NARI	C	2.3%
RTX	D	2.29%
ROL	B	2.28%
VST	A	2.23%
ERJ	A	2.12%
HUMA	F	2.11%
MC	C	1.98%
SCI	B	1.92%
TDG	D	1.78%
CRSP	D	0.86%
KLG	B	-0.49%
POST	C	-0.5%
DOOO	F	-0.9%
TTC	C	-0.93%
GIII	D	-0.97%
PFE	F	-1.06%
SIG	B	-1.07%
JNJ	C	-1.1%
MRNA	F	-1.15%
MIDD	C	-1.16%
ENR	B	-1.19%
AME	A	-1.2%
NVO	F	-1.3%
F	C	-1.41%
HELE	C	-1.71%
HSY	F	-1.75%
VSAT	F	-1.75%
GOGO	C	-1.77%
NOW	A	-1.8%
TSLA	B	-2.63%

CBLS Underweight 183 Positions Relative to VUSB

Symbol	Grade	Weight
RL	C	-0.99%
BHF	C	-0.7%
COF	C	-0.61%
CMCSA	B	-0.6%
COP	C	-0.52%
SYY	D	-0.43%
EMN	C	-0.42%
GILD	C	-0.36%
SPG	A	-0.3%
NUE	C	-0.29%
HRL	D	-0.28%
ZBH	C	-0.28%
ALL	A	-0.27%
PSA	C	-0.25%
CNH	C	-0.24%
WM	B	-0.24%
EOG	A	-0.23%
MLM	C	-0.23%
MCK	A	-0.23%
STZ	D	-0.23%
AMP	A	-0.2%
PYPL	B	-0.2%
EBAY	D	-0.19%
HII	F	-0.19%
CHTR	C	-0.18%
MPC	D	-0.18%
GPN	B	-0.18%
MKC	C	-0.17%
RPRX	D	-0.17%
AIG	B	-0.17%
EQH	C	-0.17%
SWKS	F	-0.15%
OKE	A	-0.14%
UNP	C	-0.14%
ESGR	B	-0.13%
EQR	C	-0.13%
KIM	A	-0.13%
AAPL	C	-0.12%
AMGN	F	-0.12%
SLB	C	-0.12%
BDN	C	-0.11%
LEN	D	-0.11%
PFG	D	-0.11%
PSX	C	-0.11%
CB	C	-0.11%
HUM	C	-0.11%
SRE	A	-0.11%
SLG	B	-0.1%
SBUX	A	-0.1%
TDY	B	-0.1%
CM	A	-0.1%
BHP	F	-0.09%
CHD	A	-0.09%
LNC	C	-0.09%
PG	C	-0.09%
DB	D	-0.09%
NWG	A	-0.09%
CCEP	C	-0.08%
MMC	B	-0.08%
KR	B	-0.08%
IBM	C	-0.08%
MS	A	-0.08%
CAG	F	-0.07%
MCO	B	-0.07%
IVZ	B	-0.07%
AON	A	-0.07%
MDLZ	F	-0.07%
AMTD	D	-0.06%
AEP	C	-0.06%
EPD	A	-0.06%
DTE	C	-0.06%
ILMN	C	-0.06%
PAA	B	-0.06%
TXN	C	-0.06%
ALLY	C	-0.06%
AL	B	-0.06%
MUFG	B	-0.06%
UBS	B	-0.06%
KEY	B	-0.05%
IFF	D	-0.05%
NDAQ	A	-0.05%
TD	D	-0.05%
KSA	D	-0.05%
ICE	C	-0.05%
ABBV	F	-0.05%
DIS	B	-0.05%
PRU	A	-0.05%
AXP	A	-0.05%
VTRS	A	-0.05%
ZTS	D	-0.04%
CSL	C	-0.04%
CME	B	-0.04%
CCI	C	-0.04%
SHW	B	-0.04%
OPI	F	-0.04%
OHI	C	-0.04%
ES	C	-0.04%
CI	D	-0.04%
SEB	F	-0.04%
BKH	A	-0.03%
BK	A	-0.03%
BIIB	F	-0.03%
AEE	A	-0.03%
DD	C	-0.03%
FNF	B	-0.03%
KRC	B	-0.03%
KMB	C	-0.03%
MSFT	D	-0.03%
TEL	B	-0.03%
SYF	B	-0.03%
ARCC	A	-0.03%
USB	A	-0.03%
UPS	C	-0.03%
DFS	B	-0.03%
PM	B	-0.03%
GM	C	-0.03%
BMY	B	-0.03%
CFG	B	-0.02%
GE	D	-0.02%
MRK	D	-0.02%
KMPR	A	-0.02%
PNC	B	-0.02%
O	C	-0.02%
NSC	B	-0.02%
TAP	C	-0.02%
WRB	A	-0.02%
VOD	F	-0.02%
HOG	D	-0.02%
HON	C	-0.02%
KMI	A	-0.02%
DUK	C	-0.02%
BXP	C	-0.02%
BNS	A	-0.02%
BMO	A	-0.02%
LYB	F	-0.01%
FANG	C	-0.01%
CTAS	B	-0.01%
HD	B	-0.01%
GSK	F	-0.01%
FIS	C	-0.01%
DT	D	-0.01%
MKL	A	-0.01%
LOW	C	-0.01%
JXN	C	-0.01%
HPE	B	-0.01%
PCAR	B	-0.01%
TSN	B	-0.01%
BEN	C	-0.01%
AVGO	D	-0.01%
ATO	A	-0.01%
ARW	D	-0.01%
XOM	B	-0.01%
STT	B	-0.01%
MAR	A	-0.01%
T	A	-0.01%
CAT	B	-0.01%
CVS	D	-0.01%
VZ	C	-0.01%
WMB	A	-0.01%
CPB	D	-0.01%
EXC	C	-0.01%
LIN	C	-0.01%
CVX	A	-0.01%
AZO	C	-0.01%
BA	F	-0.01%
EIX	B	-0.01%
UNH	B	-0.01%
TFC	A	-0.01%
NEM	D	-0.01%
JPM	A	-0.01%
AZN	F	-0.01%
ET	A	-0.01%
PL	B	-0.01%
CNP	A	-0.01%
MET	A	-0.01%
AVB	B	-0.01%
WFC	A	-0.01%
AMT	C	-0.01%
BAC	A	-0.01%
LUV	C	-0.01%
C	A	-0.01%
GS	A	-0.01%
HSBC	A	-0.01%