Elevation Series Trust (CBSE)

ETF Changebridge Capital Sustainable Equity ETF (CHGX) Overview

Profile:

Changebridge Capital Sustainable Equity ETF (CHGX) is an actively managed ETF that invests in publicly traded companies with sustainable business practices. It focuses on companies with strong environmental, social, and governance (ESG) performance across various sectors and utilizes ESG data and analysis to identify investment opportunities.

Objective:

The primary objective of CHGX is to generate long-term capital appreciation while considering ESG factors. It aims to outperform the S&P 500 Index on a risk-adjusted basis.

Issuer:

Changebridge Capital is a privately held investment management firm founded in 2009. The firm has a strong reputation for its expertise in sustainable investing and has won numerous awards for its ESG-focused strategies.

Market Share:

CHGX is a relatively new ETF with assets under management (AUM) of approximately $180 million as of November 2023. It represents a small portion of the overall sustainable investing market, which is rapidly growing.

Moat:

CHGX's competitive advantages include:

• Unique ESG Focus: The ETF's dedicated focus on sustainable investing sets it apart from many other broad-market ETFs.
• Experienced Management: Changebridge Capital has a proven track record of success in managing sustainable investment strategies.
• Active Management: The ETF's active management approach allows for greater flexibility in selecting investments and responding to market changes.

Financial Performance:

Since its inception in 2021, CHGX has outperformed the S&P 500 Index. However, past performance is not indicative of future results.

Growth Trajectory:

The sustainable investing market is expected to continue experiencing significant growth in the coming years. This presents a positive outlook for CHGX's future.

Liquidity:

CHGX has a moderate average trading volume, indicating decent liquidity. The bid-ask spread is also relatively tight, making it easy to buy and sell shares.

Market Dynamics:

Factors affecting CHGX's market environment include:

• Growth of Sustainable Investing: The increasing demand for sustainable investment options is driving the growth of the ETF.
• ESG Regulations: Governments and regulatory bodies are increasingly focusing on ESG factors, which could further boost demand for sustainable investments.
• Market Volatility: Overall market volatility can impact the ETF's performance.

Competitors:

Key competitors include:

• iShares ESG Aware MSCI USA ETF (ESGU)
• Vanguard ESG U.S. Stock ETF (ESGV)
• Xtrackers MSCI USA ESG Leaders Equity ETF (USSG)

Expense Ratio:

CHGX has an expense ratio of 0.75%.

Investment Approach and Strategy:

CHGX uses an active management approach to select investments based on their ESG performance and potential for long-term growth. The ETF invests in a diversified portfolio of stocks across various sectors.

Key Points:

• Actively managed ETF focused on sustainable investing.
• Outperformed the S&P 500 Index since inception.
• Strong ESG focus and experienced management team.
• Moderate liquidity and competitive expense ratio.

Risks:

• Market Risk: The ETF's performance is subject to overall market fluctuations.
• Volatility: Sustainable investing can be more volatile than traditional investment strategies.
• Active Management Risk: The ETF's performance depends on the success of its management team's investment decisions.

Who Should Consider Investing:

Investors seeking long-term capital appreciation through sustainable investing with a focus on ESG factors should consider CHGX.

Fundamental Rating Based on AI:

Based on an AI-powered analysis of CHGX's financial health, market position, and future prospects, the ETF receives a 7 out of 10 rating. This rating considers the ETF's strong ESG focus, experienced management team, and positive growth trajectory. However, investors should be aware of the potential market and volatility risks associated with sustainable investing.

Resources and Disclaimers:

This analysis is based on publicly available information from Changebridge Capital's website and other financial data providers. This information is not intended as financial advice and should not be solely relied upon for investment decisions. Please consult with a financial advisor before making any investment decisions.