AFMC vs. CLSE ETF Comparison

Comparison of Active Factor Mid Cap ETF (AFMC) to Convergence Long/Short Equity ETF (CLSE)

AFMC

Active Factor Mid Cap ETF

AFMC Description

The investment seeks to provide capital appreciation. Under normal market conditions, the fund will invest at least 80% of its net assets (including investment borrowings) in U.S.-listed equity securities issued by mid capitalization companies. The manager defines mid capitalization companies as those that, at the time of investment, have a market capitalization between the minimum and maximum market capitalization of a widely recognized index of mid capitalization companies based upon the composition of the index at the time of investment. It is non-diversified.

Grade (RS Rating)

Last Trade

$31.98

Average Daily Volume

15,161

Number of Holdings ^*

242

* may have additional holdings in another (foreign) market

CLSE

Convergence Long/Short Equity ETF

CLSE Description

The investment seeks long-term capital growth. The fund seeks to invest, under normal market conditions, at least 80% of its net assets (plus any borrowings for investment purposes) in long and short positions in equity securities of domestic companies. The adviser intends to maintain a net long exposure (the market value of long positions minus the market value of short positions) of approximately 50% to 100%. Under normal market conditions, the fund’s long positions may range from approximately 90% to 150% and its short positions may range from approximately 20% to 70%.

Grade (RS Rating)

Last Trade

$22.20

Average Daily Volume

47,703

Number of Holdings ^*

325

* may have additional holdings in another (foreign) market

Performance

Period	AFMC	CLSE
30 Days	1.23%	2.35%
60 Days	6.74%	7.56%
90 Days	9.84%	2.21%
12 Months	36.13%	37.80%

45 Overlapping Holdings

Symbol	Grade	Weight in AFMC	Weight in CLSE	Overlap
ACIW	A	0.48%	1.14%	0.48%
ACT	C	0.96%	0.46%	0.46%
AGCO	D	0.47%	-0.21%	-0.21%
ALSN	A	0.98%	0.33%	0.33%
AMG	C	0.62%	1.02%	0.62%
ANF	D	0.38%	0.23%	0.23%
AVT	B	0.29%	0.92%	0.29%
CAH	B	0.12%	0.6%	0.12%
CHRW	A	0.28%	0.63%	0.28%
CNA	D	0.26%	0.49%	0.26%
COLB	C	0.3%	-0.21%	-0.21%
CTRE	B	0.28%	0.36%	0.28%
CVLT	C	0.65%	1.64%	0.65%
DVA	B	0.06%	0.84%	0.06%
EME	C	1.15%	0.84%	0.84%
EXP	C	0.55%	0.33%	0.33%
GDDY	D	1.02%	1.55%	1.02%
GMED	D	0.42%	-0.28%	-0.28%
HALO	D	0.51%	1.05%	0.51%
HRB	C	0.58%	0.51%	0.51%
IBP	C	0.31%	0.33%	0.31%
IDCC	A	0.75%	0.83%	0.75%
JHG	C	0.23%	0.99%	0.23%
JLL	B	0.47%	0.3%	0.3%
JXN	B	0.62%	0.69%	0.62%
LAMR	C	0.43%	0.43%	0.43%
LNTH	C	0.36%	0.47%	0.36%
MLI	B	0.94%	0.77%	0.77%
MUSA	D	0.59%	0.47%	0.47%
NRG	A	0.99%	0.56%	0.56%
NSA	C	0.3%	0.49%	0.3%
NTAP	D	0.64%	1.88%	0.64%
NXST	D	0.63%	-0.09%	-0.09%
OGN	D	0.11%	0.89%	0.11%
OSCR	C	0.09%	0.6%	0.09%
PPC	A	0.46%	0.73%	0.46%
RGLD	C	0.44%	0.42%	0.42%
SAIC	B	0.35%	0.39%	0.35%
SJM	B	0.2%	-0.15%	-0.15%
SM	F	0.15%	0.33%	0.15%
THC	C	1.27%	0.85%	0.85%
TOL	A	1.51%	0.35%	0.35%
UHS	D	0.57%	0.82%	0.57%
VSH	F	0.17%	-0.25%	-0.25%
VST	A	1.2%	0.59%	0.59%

AFMC Overweight 197 Positions Relative to CLSE

Symbol	Grade	Weight
UTHR	B	1.58%
SFM	A	1.55%
KBH	C	1.22%
MTG	B	1.17%
ORI	A	1.14%
AYI	A	1.03%
ESNT	C	0.95%
COKE	B	0.93%
FIX	B	0.91%
INGR	A	0.9%
WSM	C	0.88%
ERIE	A	0.87%
CSL	A	0.85%
HIW	C	0.83%
TMHC	B	0.81%
RDN	D	0.81%
UNM	A	0.8%
CNM	F	0.76%
LII	C	0.76%
IBOC	D	0.75%
GLPI	B	0.75%
WPC	C	0.75%
OC	B	0.74%
CW	A	0.73%
CACI	A	0.7%
JBL	D	0.69%
TXRH	B	0.69%
BLDR	B	0.67%
PHM	A	0.64%
SF	A	0.63%
FHI	C	0.63%
OHI	C	0.61%
BERY	C	0.61%
ONTO	C	0.6%
G	A	0.6%
SNX	C	0.59%
CRUS	D	0.59%
TPL	B	0.58%
WBS	D	0.58%
CMC	C	0.57%
PRI	A	0.56%
FICO	C	0.56%
NFG	A	0.56%
CHRD	F	0.55%
TPR	B	0.55%
MTH	B	0.55%
CUZ	C	0.55%
NYT	B	0.55%
FFIV	C	0.55%
ENS	C	0.54%
SBRA	C	0.53%
DINO	F	0.53%
BRBR	B	0.53%
PSN	A	0.52%
DBX	C	0.52%
CRS	B	0.49%
BCC	B	0.48%
TGNA	B	0.48%
DECK	C	0.48%
CHE	B	0.47%
MAN	D	0.47%
SANM	D	0.46%
NVST	D	0.46%
AMR	F	0.46%
PK	D	0.46%
MEDP	F	0.45%
CBSH	D	0.45%
KMT	C	0.45%
HNI	B	0.44%
BTU	B	0.44%
NTCT	C	0.43%
DDS	D	0.42%
PINC	F	0.41%
ARW	C	0.41%
GHC	B	0.41%
PVH	F	0.41%
ASO	D	0.4%
RPM	C	0.4%
MOH	D	0.4%
SNA	B	0.39%
GEF	C	0.39%
WFRD	F	0.39%
AIZ	A	0.38%
TEX	F	0.38%
WSO	B	0.37%
EPR	C	0.36%
JAZZ	F	0.36%
UFPI	B	0.35%
RS	D	0.34%
DKS	D	0.34%
ADC	B	0.34%
STLD	C	0.33%
BYD	C	0.33%
FSS	B	0.32%
APPF	C	0.32%
GAP	F	0.32%
HOG	C	0.31%
TTEK	B	0.31%
CSWI	B	0.31%
MANH	C	0.3%
OLN	D	0.3%
EXEL	C	0.3%
PBF	F	0.3%
HWC	D	0.3%
AN	B	0.29%
BDC	B	0.29%
CR	C	0.28%
INCY	B	0.28%
SSB	C	0.28%
RL	B	0.27%
EHC	B	0.27%
ATKR	F	0.26%
CROX	C	0.26%
NVT	D	0.26%
LEA	F	0.26%
WWD	B	0.26%
MSM	D	0.26%
GPI	C	0.25%
CRI	D	0.25%
TDC	D	0.25%
FHN	D	0.25%
LPX	A	0.24%
HST	D	0.24%
LOPE	D	0.24%
ENSG	D	0.24%
WCC	C	0.23%
BWA	C	0.23%
CATY	D	0.22%
ZD	D	0.22%
ESAB	C	0.21%
NAVI	D	0.21%
ADNT	D	0.21%
NBIX	F	0.21%
L	D	0.21%
VMI	B	0.21%
CLF	D	0.2%
NEU	F	0.2%
JWN	D	0.2%
CRVL	C	0.2%
OZK	F	0.19%
AIT	A	0.19%
HPP	F	0.19%
HOMB	D	0.18%
NUS	F	0.18%
PRGO	F	0.18%
ABG	D	0.17%
APLE	D	0.17%
DXC	D	0.17%
OPCH	D	0.17%
BLD	C	0.16%
M	F	0.16%
NSIT	C	0.15%
ATR	A	0.15%
AEO	C	0.15%
AMN	F	0.15%
ZION	D	0.14%
CASY	D	0.13%
CNXC	F	0.12%
TPH	B	0.12%
AOS	B	0.12%
BOX	C	0.11%
CUBE	C	0.11%
BPMC	F	0.1%
ELF	F	0.1%
CPT	C	0.1%
SKX	C	0.09%
HSIC	C	0.09%
VNT	F	0.09%
EQH	C	0.09%
APA	F	0.09%
ITT	B	0.09%
BRX	B	0.08%
ITRI	C	0.08%
HLI	B	0.08%
WU	D	0.08%
LECO	F	0.08%
ASGN	D	0.08%
DCI	B	0.08%
UGI	C	0.07%
PDCO	F	0.07%
ZETA	B	0.07%
ACLS	F	0.07%
TAP	D	0.07%
HAE	D	0.07%
MMSI	C	0.06%
DOCS	B	0.06%
CACC	F	0.05%
AWI	A	0.05%
SPSC	D	0.05%
SMAR	A	0.05%
PBH	D	0.05%
LEVI	B	0.04%
BMI	A	0.04%
IART	F	0.02%
NNN	A	0.0%
VRNS	C	0.0%
PI	B	0.0%

AFMC Underweight 280 Positions Relative to CLSE

Symbol	Grade	Weight
NVDA	C	-3.93%
META	A	-3.19%
GOOGL	C	-3.05%
AVGO	C	-2.6%
QCOM	D	-2.6%
AMZN	C	-2.44%
AAPL	C	-2.17%
APP	B	-1.96%
WMT	A	-1.95%
ANET	B	-1.87%
CVNA	A	-1.74%
IBM	C	-1.71%
HPE	C	-1.63%
GOOG	C	-1.25%
ORCL	C	-1.23%
DOCU	B	-1.21%
HD	A	-1.18%
MSFT	C	-1.12%
T	A	-1.03%
ABBV	A	-1.03%
PYPL	B	-1.03%
SNEX	C	-1.03%
NTRS	C	-0.98%
MU	D	-0.97%
JNJ	C	-0.96%
GILD	A	-0.93%
SYF	C	-0.9%
AMRX	A	-0.89%
SEIC	B	-0.82%
BAC	D	-0.82%
VLO	F	-0.8%
NTNX	D	-0.8%
MO	B	-0.77%
FTDR	C	-0.76%
MPC	F	-0.74%
UMBF	C	-0.73%
CNC	F	-0.73%
PG	C	-0.72%
BG	D	-0.72%
IIPR	C	-0.68%
GVA	B	-0.65%
STRL	C	-0.65%
FITB	C	-0.62%
JPM	D	-0.6%
UNP	C	-0.59%
RF	C	-0.59%
XOM	B	-0.59%
PATK	B	-0.58%
TSLA	B	-0.58%
DVN	F	-0.58%
TSN	D	-0.57%
PRIM	C	-0.57%
WFC	D	-0.57%
CFG	D	-0.57%
SLVM	C	-0.56%
ADMA	B	-0.56%
MTZ	C	-0.56%
GM	D	-0.56%
AMGN	D	-0.55%
AVA	B	-0.55%
PNW	A	-0.55%
NEE	A	-0.55%
MET	A	-0.55%
PGR	C	-0.54%
IESC	B	-0.54%
RGA	C	-0.54%
MRK	F	-0.54%
MWA	B	-0.54%
NEM	C	-0.53%
LMT	A	-0.53%
CVX	D	-0.52%
FDX	D	-0.52%
VRT	B	-0.51%
BMY	B	-0.5%
EXPE	B	-0.5%
RTX	A	-0.49%
EEFT	F	-0.46%
KLAC	D	-0.46%
MCK	F	-0.45%
REZI	F	-0.44%
EQR	C	-0.43%
MRO	D	-0.41%
SCCO	B	-0.4%
LDOS	A	-0.4%
SPG	A	-0.4%
FCX	B	-0.39%
KMB	B	-0.39%
KNF	C	-0.38%
J	D	-0.36%
BCO	A	-0.34%
CAT	A	-0.34%
ABM	D	-0.34%
GLW	C	-0.33%
STAG	D	-0.33%
NFLX	C	-0.31%
NVR	A	-0.31%
VTRS	D	-0.31%
CPNG	C	-0.27%
BKNG	C	-0.26%
CCL	C	-0.25%
MHO	A	-0.19%
KR	B	-0.17%
NTRA	B	-0.15%
SPOT	B	-0.13%
ADUS	C	-0.12%
ALNY	B	-0.12%
GRMN	D	-0.09%
QQQ	C	-0.0%
JOBY	F	--0.04%
AEE	A	--0.04%
BC	C	--0.05%
WOR	F	--0.05%
CAR	D	--0.06%
FOXF	F	--0.08%
AES	B	--0.08%
ALIT	D	--0.08%
CZR	C	--0.09%
DRVN	C	--0.1%
VAC	D	--0.1%
HGV	F	--0.1%
AWR	B	--0.1%
MCW	F	--0.1%
WTW	A	--0.1%
HHH	B	--0.11%
ACVA	C	--0.11%
AGL	F	--0.11%
PGNY	F	--0.12%
AAL	D	--0.12%
VAL	F	--0.12%
COLD	D	--0.12%
VSAT	F	--0.12%
VMC	D	--0.12%
CC	D	--0.13%
LAD	B	--0.13%
PPBI	D	--0.14%
RBLX	C	--0.14%
AA	C	--0.14%
VFC	B	--0.14%
EXR	C	--0.15%
PCH	C	--0.15%
MTN	D	--0.15%
DAY	C	--0.15%
PYCR	D	--0.15%
CHDN	D	--0.16%
CLDX	F	--0.16%
CG	C	--0.16%
WY	B	--0.16%
WTRG	D	--0.16%
ILMN	C	--0.16%
AESI	C	--0.16%
KRG	C	--0.16%
CHK	C	--0.16%
CIEN	B	--0.17%
CGON	C	--0.17%
UHAL	A	--0.17%
WAL	C	--0.17%
OKE	C	--0.18%
GTLS	F	--0.18%
VNO	B	--0.18%
AVAV	B	--0.18%
UEC	C	--0.18%
HI	F	--0.18%
BEAM	F	--0.18%
ENOV	F	--0.18%
TXG	F	--0.18%
CNH	C	--0.19%
KNSL	D	--0.19%
BIRK	F	--0.2%
BANC	C	--0.2%
XPO	F	--0.2%
BE	F	--0.2%
APD	C	--0.2%
LKQ	F	--0.2%
WOLF	F	--0.2%
NTLA	F	--0.2%
CINF	A	--0.2%
TFC	D	--0.2%
TTD	C	--0.2%
FCNCA	D	--0.2%
RBA	D	--0.21%
LUV	C	--0.21%
IRTC	F	--0.21%
TMDX	D	--0.21%
AJG	D	--0.21%
EL	D	--0.21%
SHC	C	--0.22%
SBUX	B	--0.22%
WBA	F	--0.22%
TREX	D	--0.22%
GPOR	B	--0.22%
SOFI	C	--0.22%
CSCO	A	--0.23%
IPAR	D	--0.23%
COTY	F	--0.23%
XYL	B	--0.23%
WTM	D	--0.23%
SW	B	--0.24%
DXCM	F	--0.24%
CNX	A	--0.24%
RNR	A	--0.24%
FLYW	F	--0.24%
AEIS	D	--0.24%
WSC	D	--0.25%
BIO	B	--0.25%
SUM	D	--0.25%
EQT	C	--0.26%
PTEN	F	--0.26%
WAT	B	--0.26%
ALB	D	--0.26%
SITE	D	--0.27%
APLS	F	--0.27%
AL	D	--0.27%
HASI	C	--0.27%
GT	F	--0.28%
HSY	D	--0.28%
VVV	D	--0.28%
GE	C	--0.29%
CELH	F	--0.29%
LW	D	--0.29%
DLTR	F	--0.29%
FDS	C	--0.3%
PSA	C	--0.31%
INSP	C	--0.31%
LVS	B	--0.31%
PEN	D	--0.31%
SRE	A	--0.32%
TOST	B	--0.32%
D	A	--0.32%
NEOG	D	--0.32%
RVMD	B	--0.33%
EVTC	D	--0.33%
MARA	F	--0.33%
MRNA	F	--0.33%
MNST	D	--0.33%
ON	F	--0.34%
FOUR	B	--0.34%
LPLA	D	--0.35%
IAC	C	--0.35%
NDAQ	C	--0.35%
EXAS	C	--0.35%
ZI	D	--0.36%
BBIO	F	--0.36%
FIVN	F	--0.36%
ENPH	D	--0.36%
AFRM	C	--0.36%
MKTX	C	--0.36%
LYV	A	--0.37%
ADBE	F	--0.37%
KLIC	D	--0.37%
BA	F	--0.38%
ZBRA	C	--0.38%
RIOT	F	--0.39%
BRZE	F	--0.4%
RIVN	F	--0.4%
PATH	D	--0.4%
C	B	--0.42%
WBD	D	--0.43%
CCOI	B	--0.44%
CGNX	F	--0.44%
GLOB	D	--0.45%
TTWO	F	--0.46%
SATS	C	--0.46%
MDB	D	--0.47%
FIVE	D	--0.48%
DV	F	--0.49%
BILL	D	--0.49%
MCHP	F	--0.51%
CFLT	F	--0.53%
RH	C	--0.56%
POOL	B	--0.57%
LBRDK	C	--0.58%
SMCI	F	--0.58%
WDC	C	--0.6%
U	D	--0.63%
FND	B	--0.63%
LSCC	D	--0.65%
GFS	F	--0.67%
LITE	C	--0.73%
TXN	C	--0.86%
INTC	D	--0.89%