CBLS vs. XITK ETF Comparison

Comparison of Changebridge Capital Long/Short Equity ETF (CBLS) to SPDR FactSet Innovative Technology ETF (XITK)

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

XITK

SPDR FactSet Innovative Technology ETF

XITK Description

The investment seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of the FactSet Innovative Technology Index. The index is designed to represent the performance of U.S.-listed stock and American Depository Receipts of Technology companies and Technology-related companies within the most innovative segments of the Technology sector and Electronic Media sub-sector of the Media sector, as defined by FactSet Research Systems, Inc. The fund generally invests substantially all, but at least 80%, of its total assets in the securities comprising the index. It is non-diversified.

Grade (RS Rating)

Last Trade

$152.22

Average Daily Volume

1,676

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	CBLS	XITK
30 Days	0.74%	1.05%
60 Days	3.06%	10.26%
90 Days	-2.01%	3.28%
12 Months	36.42%	27.08%

3 Overlapping Holdings

Symbol	Grade	Weight in CBLS	Weight in XITK	Overlap
AMD	D	1.93%	1.13%	1.13%
KLAC	B	1.29%	1.32%	1.29%
MGNI	D	2.41%	1.42%	1.42%

CBLS Overweight 58 Positions Relative to XITK

Symbol	Grade	Weight
STRL	B	3.36%
LNG	A	2.92%
SKY	B	2.86%
CHK	D	2.69%
SCI	C	2.68%
BLBD	D	2.64%
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%
ICFI	C	2.49%
NEE	A	2.46%
TMDX	D	2.43%
ASML	F	2.42%
ROL	B	2.4%
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%
TDG	A	1.54%
RTX	A	1.5%
GD	A	1.47%
AFRM	C	-0.3%
VSAT	F	-0.84%
IBM	B	-0.91%
TTC	D	-0.94%
TASK	F	-0.97%
VRNT	F	-1.0%
ROK	D	-1.01%
ENR	B	-1.01%
KMT	C	-1.08%
CTVA	A	-1.1%
CHH	B	-1.1%
PAYX	A	-1.12%
BC	D	-1.14%
FIVN	F	-1.15%
MIDD	D	-1.16%
DOOO	F	-1.29%
DFS	C	-1.29%
HOG	D	-1.35%
R	C	-1.63%
GIII	C	-1.63%
DE	A	-1.69%

CBLS Underweight 94 Positions Relative to XITK

Symbol	Grade	Weight
APP	A	-3.0%
PI	B	-2.27%
NVDA	C	-2.25%
QTWO	C	-1.82%
SPOT	B	-1.62%
TOST	C	-1.6%
DOCS	A	-1.53%
META	A	-1.5%
MPWR	B	-1.45%
HCP	B	-1.43%
MNDY	C	-1.38%
NFLX	A	-1.38%
ONTO	B	-1.36%
TTD	C	-1.36%
SITM	B	-1.35%
DAKT	D	-1.34%
SMCI	F	-1.33%
FTNT	A	-1.3%
Z	C	-1.24%
IOT	C	-1.23%
CYBR	C	-1.22%
PEGA	B	-1.21%
CHKP	C	-1.18%
PAR	D	-1.17%
DOCN	C	-1.16%
INTA	C	-1.16%
CWAN	C	-1.15%
DUOL	B	-1.15%
VRNS	C	-1.13%
SSNC	C	-1.13%
AGYS	D	-1.12%
KD	F	-1.1%
SMAR	A	-1.1%
ARLO	F	-1.1%
DOCU	B	-1.09%
VEEV	C	-1.08%
CRWD	D	-1.04%
PRFT	A	-1.03%
SEIC	B	-1.01%
G	A	-0.99%
CTSH	B	-0.97%
UPST	C	-0.97%
AEIS	F	-0.96%
RBLX	C	-0.95%
EA	D	-0.93%
SPSC	D	-0.93%
NCNO	F	-0.93%
DOX	B	-0.9%
JAMF	F	-0.9%
ASGN	D	-0.9%
OKTA	F	-0.9%
S	C	-0.88%
DDOG	D	-0.88%
FVRR	D	-0.86%
DT	C	-0.86%
LSPD	B	-0.86%
TENB	F	-0.85%
SQ	D	-0.85%
APPN	B	-0.84%
TWLO	B	-0.81%
PINS	D	-0.81%
ALIT	D	-0.8%
CALX	C	-0.8%
GLOB	B	-0.77%
CLVT	D	-0.76%
PUBM	F	-0.76%
GTLB	D	-0.76%
OLO	F	-0.75%
ZS	F	-0.75%
PD	F	-0.73%
IAS	F	-0.69%
MXL	F	-0.69%
GFS	F	-0.68%
EPAM	F	-0.66%
UPWK	D	-0.66%
RAMP	F	-0.64%
MDB	F	-0.63%
ROKU	C	-0.63%
U	D	-0.61%
QLYS	F	-0.61%
TDC	D	-0.61%
ZIP	D	-0.6%
ZI	F	-0.59%
RPD	D	-0.58%
BRZE	F	-0.54%
ASAN	F	-0.53%
OPEN	F	-0.49%
CNXC	F	-0.48%
APPS	F	-0.45%
DV	F	-0.45%
PATH	D	-0.45%
PRO	F	-0.44%
RIOT	F	-0.43%
FSLY	D	-0.38%

XITK: Top Represented Industries & Keywords

Industries: Software - Application Software - Infrastructure Information Technology Services Semiconductors Internet Content & Information Business Services Electronic Components Real Estate Services Semiconductor Equipment & Materials Advertising Agencies Asset Management Capital Markets Communication Equipment Computer Hardware Computer Systems Conglomerates Credit Services Data Storage Electronic Gaming & Multimedia Electronic Gaming & Multimedia