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ETFs

Changebridge Long/Short Equity ETF

CBLS
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Today’s Change
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Snapshot
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Inception Date
Nov 13 2020
Expense Ratio
2.49%
Type
US Equities
Fund Owner
Changebridge Capital
Volume (1m avg. daily)
$3,441
AUM
$5,377,428
Associated Index
None
Inverse/Leveraged
No
Passive/Active
Active
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

n/a
Cash & Other
48.42%
AEHR
Aehr Test Systems
3.01%
SCI
Service Corp. International
2.98%
TSM
Taiwan Semiconductor Manufacturing - ADR
2.84%
INDI
Indie Semiconductor Inc - Ordinary Shares - Class A
2.76%
TKOMY
Tokio Marine Holdings Inc - ADR
2.64%
DPZ
Dominos Pizza Inc
2.62%
ROL
Rollins, Inc.
2.61%
TMDX
Transmedics Group Inc
2.56%
MANU
Manchester United Plc. - Ordinary Shares - Class A
2.55%
Invest with CBLS

What is CBLS?

The Fund is a U.S. focused, liquid alternative ETF that takes both a quantitative and fundamental approach to security selection, identifying both long and short investments that are expected to outperform and underperform, respectively. The Fund s strategy is centered around the belief that within the broad market, ample opportunities for mispricing exist, especially among smaller cap companies. The Fund targets long positions trading at a discount to current and future cash flows, that generate returns on invested capital in excess of their cost of capital. We look for short positions that erode shareholder value over time.

ETFs related toCBLS

ETFs correlated to CBLS include DWAS, XMMO, VFMO

CBLS
Listed Funds Trust - Changebridge Long/Short Equity ETF
DWAS
Invesco Capital Management LLC - Invesco DWA SmallCap Momentum ETF
XMMO
Invesco Capital Management LLC - Invesco S&P MidCap Momentum ETF
VFMO
Vanguard Group, Inc. - Vanguard U.S. Momentum Factor ETF
XSMO
Invesco Capital Management LLC - Invesco S&P SmallCap Momentum ETF
SMLF
BlackRock Institutional Trust Company N.A. - iShares U.S. Small-Cap Equity Factor ETF
IWC
BlackRock Institutional Trust Company N.A. - iShares Micro-Cap ETF
AVUV
American Century ETF Trust - Avantis U.S. Small Cap Value ETF
UWM
ProShares Trust - ProShares Ultra Russell 2000 2X Shares
NUSC
Nuveen Fund Advisors LLC - Nuveen ESG Small-Cap ETF
IJK
BlackRock Institutional Trust Company N.A. - iShares S&P Mid-Cap 400 Growth ETF

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

FAQ

CBLS is a US Equities ETF. The Fund is a U.S. focused, liquid alternative ETF that takes both a quantitative and fundamental approach to security selection, identifying both long and short investments that are expected to outperform and underperform, respectively. The Fund s strategy is centered around the belief that within the broad market, ample opportunities for mispricing exist, especially among smaller cap companies. The Fund targets long positions trading at a discount to current and future cash flows, that generate returns on invested capital in excess of their cost of capital. We look for short positions that erode shareholder value over time.

Yes, CBLS is actively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

No, CBLS is not passively managed. It is actively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on CBLS is -0.0263%. This is the percent change in the value of CBLS over the most recent 1-month period. The 3-month return on CBLS is -0.0787%. This is the percent change in the value of CBLS over the most recent 3-month period.

The standard deviation of CBLS for the past year is 0.1713%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to CBLS include QYLD, VXX, and DIVO.

ETFs correlated to CBLS include DWAS, XMMO, and VFMO.

ETFs that are inversely correlated to CBLS include RWM, TZA, and SRTY.

Disclaimers

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We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.