UPGD vs. CBLS ETF Comparison

Comparison of Invesco Bloomberg Analyst Rating Improvers ETF (UPGD) to Changebridge Capital Long/Short Equity ETF (CBLS)

UPGD

Invesco Bloomberg Analyst Rating Improvers ETF

UPGD Description

The fund generally will invest at least 90% of its total assets in securities that comprise the underlying index. The index provider compiles, maintains and calculates the new underlying index, which is comprised of equity securities with the most improved Consensus Ratings based on data from Bloomberg Analyst Recommendations ("ANR"), an affiliate of the index provider.

Grade (RS Rating)

Last Trade

$74.83

Average Daily Volume

1,729

Number of Holdings ^*

* 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

$26.78

Average Daily Volume

2,122

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	UPGD	CBLS
30 Days	5.22%	4.21%
60 Days	5.30%	5.17%
90 Days	7.09%	4.99%
12 Months	35.27%	35.40%

3 Overlapping Holdings

Symbol	Grade	Weight in UPGD	Weight in CBLS	Overlap
ECL	D	1.9%	2.24%	1.9%
INTC	D	2.21%	1.93%	1.93%
SO	D	1.92%	2.24%	1.92%

UPGD Overweight 45 Positions Relative to CBLS

Symbol	Grade	Weight
PLTR	B	3.59%
TOST	B	3.14%
CVNA	B	2.98%
KMI	A	2.53%
RL	B	2.33%
IP	B	2.28%
T	A	2.24%
EPAM	C	2.22%
PCAR	B	2.22%
XEL	A	2.22%
CLX	B	2.14%
SNAP	C	2.12%
CAH	B	2.09%
CHRW	C	2.08%
CHD	B	2.05%
CARR	D	2.03%
HSIC	B	2.02%
DGX	A	2.02%
HPQ	B	2.02%
ODFL	B	2.01%
EBAY	D	2.0%
SHW	A	2.0%
VZ	C	1.96%
BBY	D	1.95%
TSN	B	1.94%
MMM	D	1.92%
CTSH	B	1.91%
EIX	B	1.9%
NOC	D	1.84%
LMT	D	1.83%
BALL	D	1.81%
KMB	D	1.79%
KMX	B	1.78%
AMCR	D	1.77%
STX	D	1.77%
MOS	F	1.76%
SJM	D	1.74%
HRL	D	1.73%
KHC	F	1.67%
LYB	F	1.64%
CPB	D	1.64%
TFX	F	1.56%
SIRI	C	1.46%
HII	D	1.38%
DG	F	1.19%

UPGD Underweight 65 Positions Relative to CBLS

Symbol	Grade	Weight
LNG	B	-3.43%
NVDA	C	-3.08%
GOOG	C	-3.02%
AAPL	C	-2.97%
DELL	C	-2.93%
GTLS	B	-2.77%
SKY	A	-2.73%
BWXT	B	-2.7%
COST	B	-2.62%
STRL	B	-2.61%
SCHW	B	-2.56%
CCL	B	-2.54%
EME	C	-2.53%
VST	B	-2.46%
OSW	A	-2.41%
MC	C	-2.37%
IBN	C	-2.36%
WTTR	B	-2.33%
D	C	-2.27%
NARI	C	-2.26%
RDDT	B	-2.26%
ROL	B	-2.23%
AER	B	-2.22%
NEE	D	-2.14%
ORCL	B	-2.06%
BLBD	D	-2.06%
WMT	A	-2.03%
ETR	B	-1.96%
AMZN	C	-1.96%
SCI	B	-1.93%
ERJ	B	-1.85%
TDG	D	-1.79%
RTX	C	-1.72%
GD	F	-1.69%
ON	D	-1.53%
MGNI	A	-1.31%
DOOO	F	--0.44%
KLG	C	--0.48%
PEP	F	--0.48%
KDP	D	--0.48%
HRB	D	--0.5%
GIS	D	--0.5%
INTU	C	--0.51%
POST	C	--0.51%
ENR	B	--0.67%
GIII	D	--0.89%
R	B	--0.91%
TTC	D	--0.92%
PFE	D	--1.0%
CAG	D	--1.01%
NVO	D	--1.01%
SIG	B	--1.04%
GOGO	C	--1.1%
JNJ	D	--1.1%
NVAX	F	--1.13%
ROK	B	--1.13%
MIDD	C	--1.15%
AME	A	--1.18%
F	C	--1.36%
DE	A	--1.48%
SNOW	C	--1.49%
DUOL	A	--1.56%
HSY	F	--1.69%
HELE	C	--1.72%
LLY	F	--1.79%