TEQI vs. CBLS ETF Comparison

Comparison of T. Rowe Price Equity Income ETF (TEQI) to Changebridge Capital Long/Short Equity ETF (CBLS)

TEQI

T. Rowe Price Equity Income ETF

TEQI Description

The investment seeks a high level of dividend income and long-term capital growth. The fund will normally invest at least 80% of its assets in common stocks listed in the United States, with an emphasis on large-capitalization stocks that have a strong track record of paying dividends or that are believed to be undervalued (or futures that have similar economic characteristics). It typically employs a value approach in selecting investments. The fund's in-house research team seeks companies that appear to be undervalued by various measures and may be temporarily out of favor but have good prospects for capital appreciation and dividend growth.

Grade (RS Rating)

Last Trade

$43.21

Average Daily Volume

26,363

Number of Holdings ^*

112

* 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

$26.83

Average Daily Volume

2,139

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	TEQI	CBLS
30 Days	2.26%	4.28%
60 Days	3.74%	5.58%
90 Days	4.73%	5.18%
12 Months	26.07%	35.65%

9 Overlapping Holdings

Symbol	Grade	Weight in TEQI	Weight in CBLS	Overlap
D	C	1.17%	2.24%	1.17%
INTC	C	0.34%	2.91%	0.34%
JNJ	C	1.17%	-1.1%	-1.1%
NEE	C	0.9%	2.12%	0.9%
PFE	F	0.48%	-1.06%	-1.06%
ROK	C	0.15%	-1.17%	-1.17%
SCHW	B	1.49%	2.08%	1.49%
SO	C	2.29%	2.23%	2.23%
WMT	A	1.23%	2.75%	1.23%

TEQI Overweight 103 Positions Relative to CBLS

Symbol	Grade	Weight
ELV	F	2.3%
CB	C	2.08%
MET	A	2.06%
GE	D	2.05%
WFC	A	2.02%
TTE	F	1.99%
QCOM	F	1.96%
AIG	B	1.85%
LHX	C	1.81%
PM	B	1.75%
CF	A	1.72%
BDX	F	1.72%
KVUE	A	1.68%
KMB	C	1.63%
SWK	D	1.62%
XOM	B	1.61%
NWSA	A	1.57%
UNH	B	1.57%
WY	F	1.54%
EQR	C	1.49%
MSFT	D	1.48%
ZBH	C	1.47%
IP	A	1.47%
HIG	B	1.43%
JPM	A	1.41%
EQH	C	1.39%
C	A	1.34%
HBAN	A	1.22%
CI	D	1.13%
AMAT	F	1.13%
FI	A	1.13%
LVS	B	1.12%
CVS	D	1.09%
AEE	A	1.04%
DIS	B	1.03%
UPS	C	1.03%
L	A	1.01%
USB	A	0.99%
MDT	D	0.98%
TXN	C	0.97%
BA	F	0.92%
FITB	B	0.92%
AZN	F	0.88%
NXPI	D	0.87%
CAG	F	0.87%
LUV	C	0.84%
TSN	B	0.83%
SNY	F	0.83%
ACN	B	0.8%
SRE	A	0.77%
RYN	D	0.76%
CL	D	0.75%
VTRS	A	0.7%
CMI	A	0.63%
CMCSA	B	0.62%
EQT	B	0.61%
GEV	B	0.59%
BMY	B	0.59%
EOG	A	0.58%
BAC	A	0.58%
NSC	B	0.57%
WMB	A	0.56%
REXR	F	0.54%
MAT	D	0.48%
CSX	C	0.46%
GM	C	0.41%
MRO	B	0.4%
TMO	F	0.37%
VZ	C	0.35%
COP	C	0.35%
TJX	A	0.34%
MRK	D	0.34%
MMM	D	0.34%
KSS	F	0.33%
HON	C	0.33%
MS	A	0.33%
SRCL	B	0.32%
BKR	A	0.31%
DG	F	0.3%
GEHC	D	0.29%
APO	B	0.28%
CSCO	B	0.28%
ABBV	F	0.27%
BIIB	F	0.27%
NI	A	0.25%
HES	B	0.23%
CRM	B	0.22%
UNP	C	0.19%
SLB	C	0.18%
CVX	A	0.18%
CNC	D	0.17%
PCG	A	0.16%
HUM	C	0.16%
AMD	F	0.15%
CAH	B	0.15%
BK	A	0.15%
T	A	0.14%
HD	B	0.12%
ATO	A	0.1%
MDLZ	F	0.1%
NWS	A	0.08%
VNO	C	0.07%
GS	A	0.04%

TEQI Underweight 54 Positions Relative to CBLS

Symbol	Grade	Weight
NVDA	B	-3.31%
LNG	A	-3.31%
WTTR	A	-3.07%
AMZN	C	-2.83%
GTLS	A	-2.81%
MGNI	B	-2.76%
SKY	A	-2.73%
BWXT	B	-2.7%
COST	A	-2.64%
ORCL	A	-2.62%
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%
AER	A	-2.24%
VST	A	-2.23%
ERJ	A	-2.12%
HUMA	F	-2.11%
MC	C	-1.98%
ETR	B	-1.93%
SCI	B	-1.92%
DELL	B	-1.91%
TDG	D	-1.78%
CRSP	D	-0.86%
KLG	B	--0.49%
KDP	F	--0.5%
POST	C	--0.5%
GIS	D	--0.51%
PEP	F	--0.51%
DOOO	F	--0.9%
TTC	C	--0.93%
R	B	--0.95%
GIII	D	--0.97%
SIG	B	--1.07%
MRNA	F	--1.15%
MIDD	C	--1.16%
ENR	B	--1.19%
AME	A	--1.2%
NVO	F	--1.3%
LLY	F	--1.37%
F	C	--1.41%
DE	B	--1.45%
HELE	C	--1.71%
HSY	F	--1.75%
VSAT	F	--1.75%
GOGO	C	--1.77%
NOW	A	--1.8%
TSLA	B	--2.63%