CBLS

CBLS has free rein within the US-listed equity market to establish long and short positions based on the fund adviser's 5-11 year outlook for the space. The objective is to provide capital appreciation while minimizing volatility as compared to the broader equity market. Long positions focus on sectors, industries, or specific companies, generally small and midcap stocks, the adviser believes are undervalued or overlooked. Stocks are analyzed for quantitative factors of quality, value, momentum, size and volatility. In addition, fundamental criteria such as: assessment of competitors, suppliers, customers, replacements and ESG attributes are also considered. Short positions are entered on stocks believed to have declining fundamentals such as earnings, revenue or weakening market position compared to competitors. Prior to March 13, 2023, the fund traded under the name Changebridge Capital Long/Short Equity ETF. In connection with the adviser change, prior to September 13, 2023, the fund traded under the name Changebridge Long/Short Equity ETF. On March 04, 2024, CBLS underwent another name change.