The Changebridge Capital Sustainable Equity ETF (the “Fund”) seeks capital appreciation and lower volatility than the broader market.
The strategy incorporates a combination of quantitative and fundamental research to identify equity securities that it believes are undervalued. Integrating sustainable investing considerations such as ESG factors into the investment process helps uncover businesses that are creating a long-term competitive advantage. This holistic approach to understanding quantitative and fundamental factors with an assessment of sustainability are the foundations for value creation.
Idea generation begins with proprietary screening tools and a multivariate factor-based coding system to identify inefficiencies. These inefficiencies serve as the catalyst for additional fundamental analysis. Quant elements reduce the impact of behavioral bias in our portfolio.
Investing according to environmental, social, and governance (ESG) criteria doesn’t need to occur at the expense of returns. The Advisor believes that a company’s understanding of ESG principles demonstrates the qualities of innovation and leadership that create a distinct competitive advantage and build long-term value.
Because the only method of outperforming an index is to be different from it, the strategy focuses on a low turnover portfolio of a small number of individual securities. The Advisor selects equity securities that it believes are undervalued and/or overlooked by the market.
The investment process integrates quantitative factor models with rigorous fundamental research. The sustainability mandate embraces businesses which consistently demonstrate innovation and a strong adherence to ESG principles.
S&P 500 Index
Premium/Discount to NAV
Median 30-Day Bid/Ask Spread
Distribution and/or Service (12b-1) Fees
Total Annual Fund Operating Expenses
Median 30 Day Spread is a calculation of Fund’s median bid-ask spread, expressed as a percentage rounded to the nearest hundredth, computed by: identifying the Fund’s national best bid and national best offer as of the end of each 10 second interval during each trading day of the last 30 calendar days; dividing the difference between each such bid and offer by the midpoint of the national best bid and national best offer; and identifying the median of those values.
Click here for a full list of holdings.
Holdings are subject to change. There is no guarantee the Fund continues to invest in the securities referenced.
As of TBD
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Market Returns are based upon the midpoint of the bid/ask spread at 4:00 p.m. Eastern Time, when the NAV is normally calculated for ETFs. Your return may differ if you trade shares at other times.
Performance data shown below represents past performance and is no guarantee of, and not necessarily indicative of future results. Total return and value will vary and you may have a gain or loss when shares are sold. Current performance may be lower or higher than quoted. Returns include changes in share price and reinvestment of dividends and capital gains, if any.
After-tax returns are calculated based on NAV using the highest individual federal income tax rate and does not reflect the impact of state and local taxes. Actual after-tax returns will depend on an investor's tax situation and may be different from those shown. After-tax would not be relevant to shares owned through a tax-deferred account such as an IRA or 401(k) plan. The return After Taxes on Distributions and Sales of Fund Shares may exceed the Return Before Taxes due to an assumed tax benefit from the pass-through of foreign tax credits and/or from losses on a sale of Fund shares at the end of the measurement period.
|Days at premium|
|Days at NAV|
|Days at discount|
The above frequency distribution chart presents information about the difference between the daily market price for shares of the Fund and the Fund's reported Net Asset Value. The amount that the Fund's market price is above the reported NAV is called the premium. The amount that the Fund's market price is below the reported NAV is called the discount. The market price is determined using the midpoint between the highest bid and the lowest offer on the listing exchange, as of the time that the Fund's NAV is calculated (usually 4:00 p.m. EST). The vertical axis of the chart shows the premium or discount expressed in percentages. The horizontal axis indicates the trading days in the period covered by the chart.
Changebridge ETFs trade intraday on an exchange. ETFs are available through various channels including broker-dealers, investment advisers, and other financial services firms, including:*
* Neither Changebridge Capital nor Changebridge Capital Sustainable Equity ETF are affiliated with these financial services firms. Their listing should not be viewed as a recommendation or endorsement.