CLSE vs. AFSM ETF Comparison

Comparison of Convergence Long/Short Equity ETF (CLSE) to Active Factor Small Cap ETF (AFSM)
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

$23.68

Average Daily Volume

66,024

Number of Holdings *

337

* may have additional holdings in another (foreign) market
AFSM

Active Factor Small Cap ETF

AFSM 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 small capitalization companies. The manager defines small capitalization companies as those that, at the time of investment, have a market capitalization between a minimum of $250 million and the maximum market capitalization of a widely recognized index of small capitalization companies based upon the composition of the index at the time of investment. It is non-diversified.

Grade (RS Rating)

Last Trade

$32.64

Average Daily Volume

15,693

Number of Holdings *

295

* may have additional holdings in another (foreign) market
Performance
Period CLSE AFSM
30 Days 4.69% 7.72%
60 Days 6.81% 6.49%
90 Days 9.38% 6.95%
12 Months 39.93% 33.58%
22 Overlapping Holdings
Symbol Grade Weight in CLSE Weight in AFSM Overlap
ABG B -0.1% 0.25% -0.1%
ACIW B 1.3% 0.02% 0.02%
CEIX A 0.7% 0.68% 0.68%
COOP B -0.07% 0.64% -0.07%
CTRE D 0.42% 0.08% 0.08%
CVLT B 1.4% 0.77% 0.77%
CVNA B 1.85% 0.54% 0.54%
EME C 0.75% 0.82% 0.75%
FTDR A 0.58% 0.06% 0.06%
HALO F 0.9% 0.55% 0.55%
IDCC A 1.51% 1.19% 1.19%
IESC B 0.77% 0.39% 0.39%
IIPR D 0.28% 0.37% 0.28%
JXN C 0.39% 0.72% 0.39%
LNTH D 0.0% 0.47% 0.0%
MATX C 0.22% 0.35% 0.22%
MLI C 0.84% 1.38% 0.84%
MUSA A 0.2% 0.54% 0.2%
SLVM B 0.5% 0.62% 0.5%
STRL B 0.71% 0.86% 0.71%
TEX D -0.17% 0.46% -0.17%
VCTR B 0.12% 0.21% 0.12%
CLSE Overweight 315 Positions Relative to AFSM
Symbol Grade Weight
NVDA C 4.61%
GOOGL C 3.47%
META D 3.3%
AMZN C 2.53%
AVGO D 2.28%
APP B 2.25%
MU D 2.13%
HPE B 1.92%
ANET C 1.83%
WMT A 1.82%
QCOM F 1.73%
GDDY A 1.42%
DOCU A 1.37%
PYPL B 1.33%
ORCL B 1.33%
TSLA B 1.22%
JHG A 1.21%
NTNX A 1.16%
HD A 1.13%
SYF B 1.11%
BMY B 1.11%
NTRS A 1.08%
GILD C 1.07%
SNEX B 1.06%
PLTR B 1.02%
NTAP C 1.0%
LNG B 0.97%
SEIC B 0.95%
AMRX C 0.9%
BFH B 0.88%
GM B 0.87%
COR B 0.86%
CAH B 0.86%
PPC C 0.85%
GVA A 0.84%
CARG C 0.83%
AAPL C 0.83%
JNJ D 0.83%
BAC A 0.81%
PRIM A 0.8%
MO A 0.79%
NFLX A 0.79%
THC D 0.78%
FITB A 0.78%
DVA B 0.78%
CPNG D 0.77%
WFC A 0.75%
CNX A 0.74%
FTI A 0.74%
UTHR C 0.73%
PNC B 0.72%
ABBV D 0.72%
RF A 0.72%
ZION B 0.71%
CMA A 0.71%
NRG B 0.71%
UHS D 0.7%
TMUS B 0.7%
GEN B 0.68%
VRT B 0.68%
APH A 0.67%
UMBF B 0.66%
ALSN B 0.66%
MTZ B 0.66%
AVT C 0.66%
MWA B 0.65%
BLK C 0.65%
JPM A 0.64%
CHRW C 0.61%
EXPE B 0.61%
TSN B 0.6%
FFIV B 0.6%
AMG B 0.58%
LDOS C 0.55%
VST B 0.55%
RGA A 0.55%
GLW B 0.52%
MET A 0.52%
GOOG C 0.49%
UI A 0.49%
EXP A 0.48%
CACI D 0.48%
PNW B 0.48%
AVA A 0.47%
UNP C 0.47%
PGR A 0.46%
DUOL A 0.45%
PG A 0.45%
ALL A 0.45%
BKNG A 0.44%
LPX B 0.43%
SCCO F 0.41%
RMD C 0.4%
SR A 0.38%
R B 0.38%
SPG B 0.37%
CNA B 0.37%
CF B 0.37%
GRMN B 0.37%
OUT A 0.36%
EQR B 0.35%
CCL B 0.35%
CDP C 0.34%
RGLD C 0.32%
CNC D 0.31%
PTON B 0.31%
LAMR D 0.31%
J F 0.31%
MPWR F 0.3%
CVS D 0.29%
VLO C 0.29%
T A 0.29%
MDT D 0.29%
APA D 0.25%
NVR D 0.24%
VRTX F 0.23%
NEM D 0.22%
TOL B 0.22%
EEFT B 0.22%
FLR B 0.21%
JLL D 0.2%
ABM B 0.19%
BAH F 0.18%
KR B 0.17%
NTRA B 0.17%
BOX B 0.17%
JAZZ B 0.16%
FOXA B 0.14%
EXPD D 0.14%
FN D 0.13%
PRU A 0.13%
VCYT B 0.12%
CINF A 0.12%
CDE D 0.11%
ILMN D 0.1%
AEIS B 0.07%
INCY C 0.07%
HQY B 0.07%
QQQ B 0.0%
LRCX F 0.0%
PENN C -0.05%
KNX B -0.06%
HGV B -0.06%
HUN F -0.07%
EXAS D -0.07%
RYN D -0.07%
CCS D -0.07%
BC C -0.08%
JOE F -0.08%
AES F -0.08%
FLYW C -0.08%
GNTX C -0.09%
JBLU F -0.09%
NSC B -0.1%
MCW B -0.1%
ATO A -0.1%
ACVA B -0.11%
ENPH F -0.11%
CGON F -0.11%
EL F -0.12%
RBA A -0.12%
FL F -0.12%
PCH D -0.12%
DLR B -0.13%
EXR D -0.13%
STLD B -0.13%
AVAV D -0.13%
ALIT C -0.13%
VMC B -0.13%
MLM B -0.13%
BPOP B -0.14%
PYCR C -0.14%
DAY B -0.14%
REXR F -0.14%
ARWR F -0.14%
MKL A -0.14%
AA B -0.14%
EQIX A -0.14%
CZR F -0.15%
COLD D -0.15%
APD A -0.15%
GTLS B -0.15%
CRL C -0.15%
RNR C -0.15%
DRVN B -0.15%
NARI C -0.16%
FIVN C -0.16%
BHF B -0.16%
XPO B -0.16%
OSK B -0.16%
LGIH D -0.16%
DAR C -0.16%
ALB C -0.16%
UHAL D -0.16%
AGO B -0.16%
EW C -0.16%
SITE D -0.16%
SW A -0.17%
TREX C -0.17%
MDGL B -0.17%
LKQ D -0.17%
MASI A -0.17%
AJG B -0.17%
KRG B -0.17%
ENOV C -0.18%
CHDN B -0.18%
UEC B -0.18%
EBC B -0.18%
AGCO D -0.18%
COTY F -0.18%
AL B -0.18%
CNH C -0.18%
BRKR D -0.18%
C A -0.19%
WAL B -0.19%
AIR B -0.19%
KNSL B -0.2%
SRE A -0.2%
GATX A -0.2%
BIRK D -0.2%
BE B -0.21%
AESI B -0.21%
NOG A -0.21%
WTM A -0.21%
PRCT B -0.22%
BANC A -0.22%
MTN C -0.22%
SAIA B -0.22%
SUM B -0.22%
EQT B -0.23%
PSA D -0.23%
XYL D -0.23%
WTRG B -0.24%
ELF C -0.24%
IONS F -0.24%
GPOR B -0.24%
CELH F -0.24%
HSY F -0.24%
DELL C -0.25%
LW C -0.25%
KEY B -0.25%
BILL A -0.26%
NEOG F -0.26%
AUR C -0.26%
AWK D -0.26%
VAL D -0.27%
FOUR B -0.27%
STNE F -0.27%
TEAM A -0.27%
MSCI C -0.27%
PTEN C -0.27%
MNST C -0.28%
SOFI A -0.28%
ESTC C -0.29%
MDB C -0.29%
XP F -0.29%
MKTX D -0.29%
CYTK F -0.3%
LYV A -0.3%
NDAQ A -0.3%
APLS D -0.3%
APTV D -0.32%
GTLB B -0.32%
VVV F -0.33%
CCOI B -0.33%
LPLA A -0.34%
ZBRA B -0.34%
ABNB C -0.34%
INSP D -0.34%
FCNCA A -0.35%
APO B -0.35%
AFRM B -0.35%
CACC D -0.36%
COHR B -0.36%
BBIO F -0.36%
ZI D -0.36%
BEN C -0.36%
ON D -0.39%
DG F -0.4%
SATS D -0.4%
BA F -0.4%
RBLX C -0.41%
DLTR F -0.41%
PINS D -0.41%
U C -0.41%
RIVN F -0.42%
TTWO A -0.43%
WBD C -0.43%
SNPS B -0.44%
ALGM D -0.45%
DV C -0.45%
CGNX C -0.45%
GE D -0.46%
CDNS B -0.46%
MRNA F -0.47%
SMCI F -0.47%
RH B -0.47%
CFLT B -0.47%
CHTR C -0.48%
CSCO B -0.52%
FND C -0.53%
BRZE C -0.56%
FIVE F -0.56%
NWS B -0.57%
WST C -0.59%
LITE B -0.6%
POOL C -0.61%
MCHP D -0.63%
DXCM D -0.63%
WDC D -0.65%
LSCC D -0.7%
ROP B -0.7%
TXN C -0.81%
INTC D -0.93%
FSLR F -1.26%
CLSE Underweight 273 Positions Relative to AFSM
Symbol Grade Weight
SKYW B -1.22%
NHC C -1.15%
SFM A -1.03%
CRS A -0.93%
ALKS B -0.91%
CPRX C -0.88%
PFBC B -0.88%
DAKT B -0.85%
ANF C -0.84%
FIX A -0.84%
CALM A -0.78%
MTG C -0.76%
MHO D -0.76%
BCC B -0.72%
RDN C -0.72%
UVE B -0.72%
TMHC B -0.7%
AROC B -0.69%
TBBK B -0.69%
MCY A -0.67%
REZI A -0.66%
SANM B -0.65%
SLG B -0.65%
GMED A -0.65%
HWKN B -0.64%
HSII B -0.63%
FDP B -0.63%
BMI B -0.63%
CRVL A -0.63%
GMS B -0.6%
PRK B -0.59%
NTB B -0.59%
SUPN C -0.58%
NMIH D -0.58%
NHI D -0.57%
GEO B -0.57%
BRBR A -0.57%
CORT B -0.57%
EGBN B -0.56%
TGNA B -0.56%
POWL C -0.55%
BTU B -0.55%
WT B -0.55%
BXC B -0.55%
UFPT B -0.55%
ZETA D -0.54%
STBA B -0.54%
COKE C -0.54%
OFG B -0.54%
CHCO B -0.54%
APPF B -0.51%
ACT D -0.51%
PRDO B -0.51%
PLUS F -0.51%
KBH D -0.51%
BELFB C -0.51%
DOLE D -0.5%
DDS B -0.5%
AMWD C -0.5%
PI D -0.49%
PINC B -0.47%
CSWI A -0.47%
DFIN D -0.45%
USLM A -0.44%
HRB D -0.43%
AMR C -0.42%
QTWO A -0.42%
HIMS B -0.42%
PLAB C -0.42%
ADUS D -0.4%
WFRD D -0.4%
RMR F -0.4%
SIG B -0.39%
TILE B -0.39%
LGND B -0.39%
BDC B -0.39%
PRGS A -0.39%
EVER F -0.39%
INMD C -0.38%
VRNT C -0.38%
LRN A -0.38%
RDNT B -0.37%
WNC C -0.37%
YOU D -0.37%
LOPE B -0.36%
CASH A -0.36%
BLBD D -0.36%
CAL D -0.36%
M D -0.36%
APOG B -0.36%
HIW D -0.35%
HRMY D -0.35%
ANIP F -0.35%
CNXN C -0.35%
ESNT D -0.35%
BPMC C -0.35%
CRAI B -0.35%
TRMK B -0.34%
MTH D -0.34%
PBF D -0.34%
MD B -0.34%
MOG.A B -0.34%
CMC B -0.33%
FBP B -0.33%
PFS B -0.32%
LPG F -0.32%
ATGE B -0.32%
CNK B -0.32%
PDM D -0.32%
YMAB F -0.31%
ATKR C -0.31%
RXST F -0.31%
SCS C -0.31%
CUZ B -0.31%
IBOC A -0.31%
ODP F -0.3%
TCMD A -0.3%
DNOW B -0.3%
VIRT B -0.3%
AKR B -0.3%
GRBK D -0.3%
BKE B -0.3%
SBRA C -0.29%
THFF B -0.29%
PHIN A -0.29%
SPNS F -0.29%
DXC B -0.29%
HUBG A -0.29%
ADMA B -0.28%
BKH A -0.28%
BHE B -0.28%
BNL D -0.28%
HCC B -0.28%
CRDO B -0.28%
TWI F -0.28%
SXC A -0.28%
HURN B -0.28%
AZZ B -0.28%
ITCI C -0.27%
BKU A -0.27%
CCRN F -0.26%
HCI C -0.26%
ASO F -0.26%
INTA A -0.26%
VRNS D -0.26%
PRG C -0.26%
GIII D -0.25%
AGX B -0.25%
MEDP D -0.25%
GNK D -0.25%
PIPR B -0.25%
PRM C -0.25%
HDSN F -0.24%
PSN D -0.24%
AVNS F -0.24%
LMAT A -0.24%
MED F -0.23%
NTCT C -0.23%
HLX B -0.23%
SMP B -0.22%
IMKTA C -0.22%
HAE C -0.22%
VNDA C -0.22%
NUS D -0.22%
KN B -0.22%
SBH C -0.22%
NX C -0.21%
INSW F -0.21%
WABC B -0.21%
KRC C -0.2%
BLFS C -0.2%
ENS D -0.2%
PK B -0.2%
DHT F -0.2%
AMKR D -0.2%
EXTR B -0.2%
CMPR D -0.2%
ASC F -0.2%
NAVI C -0.19%
UCTT D -0.19%
SGBX F -0.19%
GOGL F -0.19%
AXSM B -0.19%
TMDX F -0.19%
NSSC D -0.19%
TARS B -0.19%
TPC C -0.18%
TNC D -0.18%
TGTX B -0.18%
ONTO D -0.18%
SIGA F -0.18%
HOV D -0.17%
SD D -0.17%
HY D -0.17%
ASGN F -0.17%
NVST B -0.17%
XRX F -0.16%
STNG F -0.16%
ADNT F -0.16%
METC C -0.15%
GES F -0.15%
SCSC B -0.15%
VSH D -0.15%
BRC D -0.15%
SCVL F -0.14%
AIT A -0.14%
CSGS B -0.14%
HROW D -0.14%
OSCR D -0.14%
CWCO C -0.14%
AYI B -0.14%
NECB B -0.14%
CECO A -0.14%
ALRM C -0.14%
KELYA F -0.14%
EIG B -0.13%
MOV C -0.13%
ALKT B -0.13%
PCRX C -0.13%
GFF A -0.12%
TWST D -0.12%
CLW F -0.12%
MRVI F -0.12%
YEXT A -0.11%
INVA D -0.11%
AMCX C -0.11%
CHRD D -0.11%
MAX F -0.1%
ASTH D -0.1%
RAMP C -0.1%
CGEM F -0.09%
SPSC C -0.09%
MLKN D -0.08%
PEBK B -0.08%
KRYS B -0.08%
KTB B -0.08%
ATLO D -0.07%
TPH D -0.07%
WGO C -0.07%
APAM B -0.06%
GRND A -0.06%
KSS F -0.06%
JWN C -0.06%
ANDE D -0.05%
OTTR C -0.05%
AMPH D -0.05%
NSIT F -0.05%
REVG B -0.05%
SWX B -0.05%
OGS A -0.05%
ATEN B -0.05%
CTS C -0.05%
OMI F -0.05%
LBRT D -0.04%
AMN F -0.04%
PHR F -0.04%
FORM D -0.04%
TDC D -0.04%
ETD C -0.04%
HE C -0.04%
SEMR B -0.04%
COLL F -0.04%
EOLS D -0.04%
JBI F -0.03%
VITL D -0.03%
EMBC C -0.03%
RYI C -0.03%
SWI B -0.03%
ACLS F -0.02%
PGNY F -0.02%
MITK C -0.0%
MAIN A -0.0%
EPAC B -0.0%
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