CBLS vs. XHB ETF Comparison

Comparison of Changebridge Capital Long/Short Equity ETF (CBLS) to SPDR Homebuilders ETF (XHB)

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

$26.64

Average Daily Volume

1,942

Number of Holdings ^*

* may have additional holdings in another (foreign) market

XHB

SPDR Homebuilders ETF

XHB Description

The investment seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of an index derived from the homebuilding segment of a U.S. total market composite index. In seeking to track the performance of the S&P Homebuilders Select Industry Index (the "index"), the fund employs a replication strategy. It generally invests substantially all, but at least 80%, of its total assets in the securities comprising the index. The index represents the homebuilders industry group of the S&P Total Market Index ("S&P TMI"). The fund is non-diversified.

Grade (RS Rating)

Last Trade

$118.75

Average Daily Volume

1,895,415

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	CBLS	XHB
30 Days	3.33%	-4.16%
60 Days	4.83%	-4.55%
90 Days	4.52%	2.06%
12 Months	35.33%	43.33%

1 Overlapping Holdings

	Symbol	Grade	Weight in CBLS	Weight in XHB	Overlap
	SKY	A	2.73%	2.26%	2.26%

CBLS Overweight 62 Positions Relative to XHB

Symbol	Grade	Weight
NVDA	A	3.31%
LNG	A	3.31%
WTTR	A	3.07%
INTC	C	2.91%
AMZN	B	2.83%
GTLS	A	2.81%
MGNI	B	2.76%
WMT	A	2.75%
BWXT	B	2.7%
COST	A	2.64%
ORCL	A	2.62%
STRL	B	2.54%
CCL	A	2.49%
RDDT	A	2.45%
OSW	B	2.43%
IBN	D	2.38%
ECL	D	2.32%
GD	D	2.32%
NARI	C	2.3%
RTX	D	2.29%
ROL	B	2.28%
D	C	2.24%
AER	B	2.24%
VST	A	2.23%
SO	C	2.23%
NEE	C	2.12%
ERJ	B	2.12%
HUMA	F	2.11%
SCHW	A	2.08%
MC	B	1.98%
ETR	A	1.93%
SCI	B	1.92%
DELL	C	1.91%
TDG	D	1.78%
CRSP	D	0.86%
KLG	D	-0.49%
KDP	D	-0.5%
POST	C	-0.5%
GIS	D	-0.51%
PEP	F	-0.51%
DOOO	F	-0.9%
TTC	F	-0.93%
R	B	-0.95%
GIII	F	-0.97%
PFE	F	-1.06%
SIG	C	-1.07%
JNJ	D	-1.1%
MRNA	F	-1.15%
MIDD	D	-1.16%
ROK	B	-1.17%
ENR	A	-1.19%
AME	A	-1.2%
NVO	D	-1.3%
LLY	F	-1.37%
F	C	-1.41%
DE	C	-1.45%
HELE	C	-1.71%
HSY	F	-1.75%
VSAT	F	-1.75%
GOGO	C	-1.77%
NOW	B	-1.8%
TSLA	B	-2.63%

CBLS Underweight 34 Positions Relative to XHB

Symbol	Grade	Weight
OC	A	-4.03%
JCI	B	-4.01%
TT	A	-3.85%
CSL	C	-3.74%
HD	C	-3.65%
LOW	C	-3.62%
LII	A	-3.57%
TOL	B	-3.5%
TMHC	C	-3.49%
ALLE	D	-3.42%
MAS	D	-3.37%
BLDR	F	-3.37%
CARR	D	-3.35%
NVR	D	-3.35%
BLD	F	-3.21%
IBP	D	-3.18%
PHM	D	-3.17%
KBH	D	-3.12%
AOS	F	-3.12%
LEN	D	-3.12%
WSM	C	-3.09%
FND	D	-3.06%
MTH	D	-3.04%
WMS	F	-3.01%
DHI	D	-2.87%
MHO	D	-2.38%
TPH	D	-2.22%
GRBK	D	-1.79%
CVCO	A	-1.73%
CCS	F	-1.53%
LGIH	F	-1.38%
BZH	C	-0.83%
HOV	D	-0.83%
DFH	F	-0.73%