MMSC vs. CBLS ETF Comparison

Comparison of First Trust Multi-Manager Small (MMSC) to Changebridge Capital Long/Short Equity ETF (CBLS)

MMSC

First Trust Multi-Manager Small

MMSC Description

First Trust Multi-Manager Small is an exchange traded fund launched and managed by First Trust Advisors L.P. The fund is co-managed by Driehaus Capital Management LLC and Stephens Investment Management Group. It invests in the public equity markets of global region. The fund invests in stocks of companies operating across diversified sectors. It invests in growth stocks of small cap companies, within the market capitalization range of the Russell 2000 Growth Index. The fund invests in stocks of companies that are deemed socially conscious in their business dealings and directly promote environmental responsibility. The fund employs external research to create its portfolio. First Trust Multi-Manager Small was formed on October 13, 2021 and is domiciled in the United States.

Grade (RS Rating)

Last Trade

$20.66

Average Daily Volume

9,205

Number of Holdings ^*

179

* may have additional holdings in another (foreign) market

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

$25.39

Average Daily Volume

3,916

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	MMSC	CBLS
30 Days	6.19%	0.35%
60 Days	13.79%	2.67%
90 Days	7.05%	-2.43%
12 Months	37.95%	36.11%

6 Overlapping Holdings

Symbol	Grade	Weight in MMSC	Weight in CBLS	Overlap
ERJ	C	0.66%	2.59%	0.66%
ICFI	C	0.62%	2.49%	0.62%
MGNI	D	0.36%	2.41%	0.36%
SKY	C	0.52%	2.86%	0.52%
STRL	B	0.45%	3.36%	0.45%
TMDX	D	1.17%	2.43%	1.17%

MMSC Overweight 173 Positions Relative to CBLS

Symbol	Grade	Weight
AXON	A	2.07%
CYBR	C	1.78%
BRBR	A	1.51%
SGBX	F	1.31%
WING	C	1.26%
CRNX	C	1.24%
VRNS	B	1.24%
PCVX	C	1.23%
AAON	A	1.21%
PLMR	A	1.12%
MOD	B	1.07%
COHR	B	1.07%
MANH	A	1.05%
AVAV	B	0.95%
ONTO	B	0.93%
SPSC	D	0.9%
BFAM	C	0.88%
KTOS	B	0.87%
FTI	B	0.87%
GKOS	B	0.86%
FRPT	A	0.8%
SFM	A	0.79%
RBC	C	0.78%
GWRE	A	0.77%
RYAN	A	0.77%
HQY	B	0.77%
MNDY	B	0.76%
CW	A	0.76%
CWAN	B	0.74%
SMTC	C	0.71%
XENE	D	0.71%
FCN	C	0.71%
NTRA	A	0.7%
TTEK	A	0.69%
TNDM	D	0.68%
HALO	D	0.68%
EXEL	B	0.67%
MMS	C	0.67%
EZPW	C	0.67%
KNF	B	0.66%
HEI	C	0.66%
LGND	C	0.62%
ACHC	F	0.62%
IBP	C	0.62%
FSS	D	0.59%
PSN	A	0.59%
BCPC	C	0.58%
FIX	A	0.58%
ECPG	F	0.57%
VIRT	B	0.57%
MKTX	B	0.56%
LTH	B	0.55%
SITE	D	0.55%
MGY	B	0.55%
CR	A	0.55%
SUPN	D	0.54%
PZZA	D	0.53%
NUVL	B	0.53%
RVLV	C	0.52%
CVLT	B	0.51%
CVNA	A	0.51%
SWN	D	0.5%
PIPR	A	0.5%
RGEN	F	0.49%
RARE	D	0.49%
VRT	B	0.49%
MTSI	B	0.48%
ATI	C	0.48%
KYMR	D	0.47%
ITGR	B	0.47%
ENV	C	0.47%
VSEC	D	0.46%
CRDO	B	0.46%
ASPN	C	0.45%
AZEK	D	0.45%
BROS	F	0.45%
TBBK	A	0.45%
GMED	B	0.44%
KNSL	B	0.44%
FN	B	0.43%
TECH	D	0.43%
TREX	D	0.43%
HUBG	D	0.42%
CRS	B	0.42%
WAL	C	0.42%
ASO	D	0.41%
POWL	B	0.41%
MEG	F	0.41%
NEOG	F	0.4%
MEDP	F	0.4%
EVR	C	0.4%
AZTA	F	0.39%
AMRC	C	0.39%
ITRI	C	0.39%
WHD	A	0.38%
BOOT	B	0.38%
INTA	C	0.38%
KMPR	D	0.37%
TENB	D	0.37%
ALSN	A	0.37%
GLOB	D	0.37%
ICLR	F	0.37%
ESI	C	0.36%
BMI	A	0.35%
MRUS	D	0.35%
LNN	C	0.35%
SKWD	A	0.34%
HCI	B	0.34%
MOG.A	C	0.34%
COMP	C	0.34%
KRNT	A	0.34%
APPF	C	0.34%
WULF	C	0.34%
HSTM	B	0.33%
RYTM	C	0.33%
BLFS	D	0.33%
WIX	D	0.33%
OSCR	C	0.32%
S	C	0.32%
LRN	D	0.32%
UEC	C	0.32%
RNA	B	0.31%
PSTG	F	0.31%
SITM	A	0.3%
NTNX	C	0.3%
EME	B	0.3%
PRO	F	0.3%
VERX	B	0.29%
ITCI	D	0.29%
SDGR	F	0.29%
ALTR	B	0.29%
POWI	F	0.29%
SLAB	D	0.28%
BECN	D	0.28%
MTH	C	0.28%
LSCC	D	0.28%
KRYS	D	0.27%
CGNX	F	0.27%
IRTC	F	0.27%
LNTH	C	0.27%
KFY	C	0.27%
TOST	B	0.27%
LASR	F	0.27%
RBRK	D	0.27%
CHEF	C	0.27%
MAX	C	0.26%
RXO	D	0.26%
AMBA	C	0.26%
ANF	D	0.26%
FIVE	D	0.26%
AIT	B	0.25%
ALKT	D	0.24%
ENVX	D	0.24%
QNST	C	0.23%
QLYS	F	0.22%
ROAD	C	0.22%
SAIA	D	0.22%
FWRG	F	0.22%
GNRC	B	0.22%
UPST	C	0.21%
RMBS	F	0.21%
LAD	C	0.2%
EWTX	B	0.2%
ZETA	B	0.19%
PI	A	0.19%
DNUT	F	0.17%
RXST	F	0.17%
BRZE	F	0.15%
PODD	C	0.15%
CELH	F	0.09%
CUBI	F	0.07%
INSM	D	0.06%
CSWI	A	0.06%

MMSC Underweight 55 Positions Relative to CBLS

Symbol	Grade	Weight
LNG	A	-2.92%
CHK	C	-2.69%
SCI	D	-2.68%
BLBD	D	-2.64%
WTTR	B	-2.63%
NEM	C	-2.6%
IBN	C	-2.6%
OSW	B	-2.6%
BABA	A	-2.59%
DELL	C	-2.58%
ETR	A	-2.53%
MMYT	B	-2.52%
BOWL	D	-2.49%
NEE	C	-2.46%
ASML	F	-2.42%
ROL	C	-2.4%
SO	A	-2.38%
D	A	-2.36%
AER	C	-2.33%
AVGO	B	-2.26%
NU	D	-2.24%
WMT	A	-2.24%
ECL	C	-2.21%
UNH	B	-2.19%
COST	C	-2.18%
AMZN	C	-2.16%
MSFT	D	-2.03%
HUMA	F	-1.97%
ORCL	A	-1.94%
AMD	C	-1.93%
TDG	A	-1.54%
RTX	A	-1.5%
GD	C	-1.47%
KLAC	B	-1.29%
AFRM	C	--0.3%
VSAT	F	--0.84%
IBM	A	--0.91%
TTC	F	--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	A	--1.1%
PAYX	B	--1.12%
BC	C	--1.14%
FIVN	F	--1.15%
MIDD	D	--1.16%
DOOO	F	--1.29%
DFS	A	--1.29%
HOG	D	--1.35%
R	C	--1.63%
GIII	C	--1.63%
DE	C	--1.69%