VEGN vs. CBLS ETF Comparison

Comparison of US Vegan Climate Index (VEGN) to Changebridge Capital Long/Short Equity ETF (CBLS)

VEGN

US Vegan Climate Index

VEGN Description

The investment seeks to track the performance, before fees and expenses, of the Beyond Investing US Vegan Climate Index. The index's construction begins with the constituents of the Solactive US Large Cap Index, consisting of approximately 500 of the largest U.S.-listed companies. Under normal circumstances, at least 80% of the fund's total assets (exclusive of any collateral held from securities lending) will be invested in the component securities of the index.

Grade (RS Rating)

Last Trade

$54.74

Average Daily Volume

6,407

Number of Holdings ^*

252

* 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	VEGN	CBLS
30 Days	6.25%	4.21%
60 Days	7.15%	5.17%
90 Days	9.60%	4.99%
12 Months	35.44%	35.40%

10 Overlapping Holdings

Symbol	Grade	Weight in VEGN	Weight in CBLS	Overlap
DE	A	0.41%	-1.45%	-1.45%
DELL	C	0.17%	1.91%	0.17%
ENR	B	0.02%	-1.19%	-1.19%
INTC	D	0.42%	2.91%	0.42%
NOW	A	1.98%	-1.8%	-1.8%
NVDA	C	6.01%	3.31%	3.31%
ORCL	B	2.74%	2.62%	2.62%
ROK	B	0.13%	-1.17%	-1.17%
TSLA	B	5.45%	-2.63%	-2.63%
TTC	D	0.04%	-0.93%	-0.93%

VEGN Overweight 242 Positions Relative to CBLS

Symbol	Grade	Weight
AAPL	C	4.51%
AVGO	D	4.31%
UNH	C	3.54%
V	A	3.24%
MA	C	3.1%
CRM	B	2.62%
CSCO	B	2.19%
ADBE	C	2.1%
ACN	C	2.09%
GOOG	C	1.97%
GOOGL	C	1.97%
AMD	F	1.91%
TXN	C	1.78%
IBM	C	1.77%
INTU	C	1.76%
QCOM	F	1.6%
VZ	C	1.58%
AMAT	F	1.44%
CMCSA	B	0.72%
AXP	A	0.69%
BKNG	A	0.69%
SPGI	C	0.67%
T	A	0.66%
PGR	A	0.63%
ETN	A	0.61%
UBER	D	0.59%
PANW	C	0.53%
FI	A	0.52%
ADP	B	0.52%
TMUS	B	0.51%
CB	C	0.47%
MU	D	0.47%
MMC	B	0.46%
PLD	D	0.43%
LRCX	F	0.41%
CI	F	0.4%
ELV	F	0.4%
ANET	C	0.39%
UPS	C	0.39%
PYPL	B	0.38%
TT	A	0.38%
ICE	C	0.37%
PH	A	0.37%
KLAC	D	0.37%
AMT	D	0.37%
SNPS	B	0.35%
EQIX	A	0.35%
MCK	B	0.34%
CME	A	0.34%
MRVL	B	0.33%
CDNS	B	0.33%
CRWD	B	0.32%
WELL	A	0.32%
MCO	B	0.31%
AON	A	0.31%
ORLY	B	0.3%
COF	B	0.29%
HCA	F	0.28%
FDX	B	0.27%
ADSK	A	0.27%
TFC	A	0.26%
CARR	D	0.26%
AJG	B	0.26%
PCAR	B	0.25%
FTNT	C	0.25%
AFL	B	0.24%
SPG	B	0.24%
JCI	C	0.24%
TTD	B	0.24%
ABNB	C	0.24%
URI	B	0.24%
TRV	B	0.24%
BK	A	0.24%
DASH	A	0.23%
AMP	A	0.23%
FICO	B	0.23%
WDAY	B	0.23%
PSA	D	0.22%
MET	A	0.21%
CMI	A	0.21%
FIS	C	0.21%
AIG	B	0.21%
MSTR	C	0.21%
ALL	A	0.21%
PAYX	C	0.2%
FAST	B	0.2%
GWW	B	0.2%
SQ	B	0.2%
DHI	D	0.2%
CPRT	A	0.2%
O	D	0.2%
PRU	A	0.19%
MSCI	C	0.19%
VRT	B	0.18%
EA	A	0.18%
CCI	D	0.18%
DFS	B	0.18%
LEN	D	0.17%
OTIS	C	0.17%
CTSH	B	0.17%
CBRE	B	0.17%
VRSK	A	0.17%
IT	C	0.17%
IQV	D	0.16%
TEAM	A	0.16%
SNOW	C	0.16%
MTB	A	0.15%
MCHP	D	0.15%
ACGL	D	0.15%
CHTR	C	0.15%
EFX	F	0.14%
IRM	D	0.14%
HUM	C	0.14%
HUBS	A	0.14%
EXR	D	0.14%
WAB	B	0.14%
VEEV	C	0.14%
HIG	B	0.14%
MPWR	F	0.13%
TTWO	A	0.13%
CSGP	D	0.13%
RJF	A	0.13%
CNC	D	0.13%
EBAY	D	0.13%
FITB	A	0.13%
DDOG	A	0.13%
WTW	B	0.13%
AVB	B	0.13%
KEYS	A	0.12%
GPN	B	0.12%
ANSS	B	0.12%
ON	D	0.12%
HBAN	A	0.11%
CDW	F	0.11%
AWK	D	0.11%
VTR	C	0.11%
TYL	B	0.11%
RBLX	C	0.11%
MTD	D	0.11%
SYF	B	0.11%
BR	A	0.11%
NET	B	0.11%
BRO	B	0.11%
NDAQ	A	0.11%
PHM	D	0.11%
NVR	D	0.11%
DOV	A	0.11%
CINF	A	0.1%
SBAC	D	0.1%
LPLA	A	0.1%
EXPE	B	0.1%
EME	C	0.1%
RF	A	0.1%
HUBB	B	0.1%
NTAP	C	0.1%
EQR	B	0.1%
GDDY	A	0.1%
MKL	A	0.09%
WDC	D	0.09%
CBOE	B	0.09%
CFG	B	0.09%
BLDR	D	0.09%
ZM	B	0.09%
WAT	B	0.09%
PTC	A	0.09%
PINS	D	0.08%
WRB	A	0.08%
FDS	B	0.08%
FSLR	F	0.08%
MOH	F	0.08%
MAA	B	0.08%
SNA	A	0.08%
ZS	C	0.08%
GEN	B	0.08%
LYV	A	0.08%
INVH	D	0.08%
ESS	B	0.08%
LII	A	0.08%
STX	D	0.08%
TRU	D	0.08%
MDB	C	0.08%
OMC	C	0.08%
ZBRA	B	0.08%
ENTG	D	0.07%
VRSN	F	0.07%
SSNC	B	0.07%
KIM	A	0.07%
HOOD	B	0.07%
OC	A	0.07%
TER	D	0.07%
GPC	D	0.07%
EXPD	D	0.07%
IEX	B	0.07%
XPO	B	0.07%
MANH	D	0.07%
NTNX	A	0.07%
WSO	A	0.07%
TRMB	B	0.07%
KEY	B	0.07%
SWK	D	0.06%
AKAM	D	0.06%
POOL	C	0.06%
EPAM	C	0.06%
SWKS	F	0.06%
SAIA	B	0.06%
GGG	B	0.06%
NTRA	B	0.06%
SUI	D	0.06%
PSTG	D	0.06%
JBL	B	0.06%
FHN	A	0.05%
IPG	D	0.05%
CCK	C	0.05%
WPC	D	0.05%
KMX	B	0.05%
EG	C	0.05%
OKTA	C	0.05%
JKHY	D	0.05%
WMS	D	0.04%
GPK	C	0.04%
LKQ	D	0.04%
INGR	B	0.04%
LAD	A	0.04%
OMCL	C	0.04%
SMCI	F	0.04%
ELF	C	0.03%
RIVN	F	0.03%
SSD	D	0.03%
TREX	C	0.03%
RHI	B	0.03%
ENPH	F	0.03%
PLNT	A	0.03%
HRB	D	0.03%
EYE	C	0.02%
RUN	F	0.02%
CELH	F	0.02%
SLGN	A	0.02%
AN	C	0.02%
HTZ	C	0.02%
PLUG	F	0.01%
CAR	C	0.01%
BYND	F	0.01%

VEGN Underweight 53 Positions Relative to CBLS

Symbol	Grade	Weight
LNG	B	-3.31%
WTTR	B	-3.07%
AMZN	C	-2.83%
GTLS	B	-2.81%
MGNI	A	-2.76%
WMT	A	-2.75%
SKY	A	-2.73%
BWXT	B	-2.7%
COST	B	-2.64%
STRL	B	-2.54%
CCL	B	-2.49%
RDDT	B	-2.45%
OSW	A	-2.43%
IBN	C	-2.38%
ECL	D	-2.32%
GD	F	-2.32%
NARI	C	-2.3%
RTX	C	-2.29%
ROL	B	-2.28%
D	C	-2.24%
AER	B	-2.24%
VST	B	-2.23%
SO	D	-2.23%
NEE	D	-2.12%
ERJ	B	-2.12%
HUMA	F	-2.11%
SCHW	B	-2.08%
MC	C	-1.98%
ETR	B	-1.93%
SCI	B	-1.92%
TDG	D	-1.78%
CRSP	D	-0.86%
KLG	C	--0.49%
KDP	D	--0.5%
POST	C	--0.5%
GIS	D	--0.51%
PEP	F	--0.51%
DOOO	F	--0.9%
R	B	--0.95%
GIII	D	--0.97%
PFE	D	--1.06%
SIG	B	--1.07%
JNJ	D	--1.1%
MRNA	F	--1.15%
MIDD	C	--1.16%
AME	A	--1.2%
NVO	D	--1.3%
LLY	F	--1.37%
F	C	--1.41%
HELE	C	--1.71%
HSY	F	--1.75%
VSAT	F	--1.75%
GOGO	C	--1.77%