CLSE vs. FDN ETF Comparison

Comparison of Convergence Long/Short Equity ETF (CLSE) to First Trust DJ Internet Index Fund (FDN)

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

$21.56

Average Daily Volume

96,574

Number of Holdings ^*

343

* may have additional holdings in another (foreign) market

FDN

First Trust DJ Internet Index Fund

FDN Description

The investment seeks investment results that correspond generally to the price and yield (before the fund's fees and expenses) of an equity index called the Dow Jones Internet Composite Index (SM) (the "index"). The fund will normally invest at least 90% of its net assets plus the amount of any borrowings for investment purposes in common stocks that comprise the index. It, using an "indexing" investment approach, attempts to replicate, before fees and expenses, the performance of the index. The index is designed to include only companies whose primary focus is Internet-related. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$204.09

Average Daily Volume

298,224

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	CLSE	FDN
30 Days	1.99%	2.51%
60 Days	3.36%	1.11%
90 Days	5.51%	0.34%
12 Months	38.65%	21.16%

17 Overlapping Holdings

Symbol	Grade	Weight in CLSE	Weight in FDN	Overlap
AMZN	C	3.53%	10.17%	3.53%
ANET	C	2.06%	5.08%	2.06%
BKNG	C	0.28%	4.37%	0.28%
CFLT	F	-0.47%	0.55%	-0.47%
CIEN	F	-0.42%	0.47%	-0.42%
CVNA	B	1.31%	0.97%	0.97%
DKNG	F	0.34%	1.27%	0.34%
DOCU	D	0.89%	0.8%	0.8%
GDDY	C	1.54%	1.54%	1.54%
GOOG	C	2.42%	4.38%	2.42%
GOOGL	C	3.02%	5.22%	3.02%
MARA	D	-0.29%	0.4%	-0.29%
META	C	1.78%	9.44%	1.78%
NFLX	C	0.74%	6.47%	0.74%
NTNX	D	0.94%	0.94%	0.94%
PINS	D	0.72%	1.83%	0.72%
ZI	F	-0.37%	0.24%	-0.37%

CLSE Overweight 326 Positions Relative to FDN

Symbol	Grade	Weight
NVDA	C	4.71%
MSFT	C	3.61%
MU	C	2.5%
AMAT	C	2.46%
QCOM	C	2.39%
NTAP	B	1.94%
APP	C	1.77%
APH	B	1.53%
HPE	B	1.53%
CRWD	C	1.43%
WMT	B	1.42%
IBM	C	1.41%
CVLT	B	1.29%
SYF	A	0.98%
T	B	0.91%
CRBG	C	0.9%
AMG	C	0.89%
HALO	B	0.88%
COIN	D	0.87%
MRK	C	0.86%
JNJ	D	0.85%
ABBV	B	0.84%
OGN	C	0.81%
MPC	F	0.8%
MUSA	B	0.78%
SEIC	C	0.78%
BAC	A	0.78%
AAPL	B	0.76%
BRBR	D	0.76%
MCK	C	0.75%
SPOT	D	0.75%
ICLR	B	0.75%
HD	C	0.75%
SNEX	B	0.74%
GM	B	0.74%
MO	A	0.74%
BG	B	0.72%
ACIW	A	0.72%
PAGS	C	0.7%
JPM	B	0.7%
PG	D	0.69%
EME	D	0.69%
HQY	D	0.68%
WFC	B	0.68%
PPC	C	0.68%
THC	B	0.67%
F	B	0.67%
VLO	D	0.67%
TSN	D	0.66%
PBF	F	0.66%
HIMS	C	0.65%
PRU	A	0.65%
JHG	B	0.65%
XOM	D	0.64%
TNK	D	0.63%
STNG	D	0.63%
AMRX	A	0.62%
SKYW	B	0.62%
AXP	B	0.62%
VRT	D	0.61%
OC	C	0.61%
CAT	D	0.6%
AMGN	B	0.6%
UMBF	A	0.59%
MLI	B	0.58%
NU	B	0.58%
AIT	C	0.57%
DY	B	0.57%
LLY	B	0.57%
STRL	D	0.54%
VST	C	0.54%
RGA	A	0.52%
IESC	C	0.52%
PSTG	B	0.51%
IIPR	A	0.51%
UHS	B	0.5%
UNP	D	0.5%
DVA	C	0.49%
GLW	B	0.49%
NRG	D	0.48%
LNTH	B	0.48%
FITB	B	0.48%
AMR	D	0.48%
GVA	C	0.48%
PNW	B	0.47%
ALL	D	0.47%
REZI	D	0.47%
FTDR	D	0.47%
SQ	D	0.46%
AVA	D	0.46%
BAH	B	0.46%
EEFT	D	0.45%
FCX	C	0.45%
NEM	A	0.45%
VTRS	C	0.45%
GFF	D	0.44%
SLVM	D	0.44%
EQR	C	0.43%
CNA	A	0.43%
KD	C	0.43%
DPZ	D	0.42%
BCO	B	0.42%
GILD	C	0.42%
FDX	B	0.42%
KNF	C	0.41%
MGM	C	0.41%
MRO	B	0.4%
LDOS	B	0.4%
GRMN	C	0.39%
NSA	B	0.39%
BCC	D	0.38%
STAG	B	0.35%
NEE	C	0.35%
SPG	B	0.34%
ANF	C	0.33%
SMCI	C	0.32%
ROAD	C	0.32%
STLD	C	0.31%
EXP	D	0.3%
BLD	C	0.28%
IBP	C	0.27%
HRB	C	0.25%
CNC	D	0.25%
J	C	0.24%
PGR	B	0.24%
ITRI	D	0.24%
DOCS	C	0.23%
UBER	C	0.23%
LOPE	C	0.22%
SKT	D	0.21%
NTRA	B	0.2%
VCTR	C	0.2%
MAN	F	0.19%
DECK	D	0.18%
APPF	B	0.17%
FG	C	0.13%
INCY	B	0.12%
PFE	C	0.09%
HOOD	C	0.07%
AIG	C	0.04%
IRT	B	-0.04%
AAL	F	-0.05%
DOC	B	-0.05%
CELH	F	-0.05%
CHDN	B	-0.06%
CWST	B	-0.06%
VTR	A	-0.06%
CMC	C	-0.06%
JOBY	C	-0.06%
CNXC	D	-0.07%
JBHT	D	-0.07%
RRC	D	-0.07%
PLNT	B	-0.07%
TRNO	B	-0.08%
MCW	F	-0.08%
PNM	D	-0.08%
VAC	F	-0.08%
LHX	A	-0.08%
AWR	C	-0.08%
RYAN	C	-0.08%
ZWS	D	-0.09%
BIRK	C	-0.09%
PENN	C	-0.09%
DRVN	D	-0.09%
AES	D	-0.09%
WTRG	C	-0.09%
AESI	D	-0.1%
DRI	F	-0.1%
EXAS	F	-0.1%
WOR	F	-0.1%
PYCR	F	-0.11%
ACVA	D	-0.11%
EQIX	C	-0.11%
ALNY	A	-0.11%
AGL	D	-0.12%
CRS	B	-0.12%
LGIH	D	-0.12%
EXR	B	-0.12%
DAY	F	-0.12%
MAC	C	-0.12%
LUV	D	-0.13%
UHAL	D	-0.13%
AVAV	D	-0.13%
NOVT	C	-0.13%
SITC	A	-0.13%
AAP	F	-0.13%
WTM	D	-0.13%
VFC	D	-0.13%
XP	F	-0.13%
VMC	C	-0.14%
BE	D	-0.14%
NARI	C	-0.14%
KNSL	F	-0.14%
TXG	F	-0.14%
FLNC	F	-0.15%
SHC	D	-0.15%
CZR	D	-0.15%
AJG	A	-0.15%
CAR	F	-0.15%
PCH	F	-0.15%
ROK	C	-0.15%
WTW	B	-0.15%
IRTC	D	-0.16%
EL	F	-0.16%
XYL	D	-0.16%
ASB	C	-0.16%
LNC	B	-0.16%
CLDX	D	-0.16%
RUN	D	-0.16%
GATX	A	-0.17%
PPBI	C	-0.18%
SBCF	C	-0.18%
KVUE	F	-0.18%
MTN	F	-0.18%
MSGS	C	-0.18%
FOXF	D	-0.18%
FL	D	-0.18%
CHK	D	-0.18%
ALLY	A	-0.18%
CRL	D	-0.19%
UEC	C	-0.19%
HI	D	-0.19%
FMC	F	-0.19%
GTLS	C	-0.19%
ACHC	D	-0.19%
IVZ	C	-0.19%
BIO	D	-0.2%
IPAR	D	-0.2%
UCBI	C	-0.2%
WAFD	C	-0.2%
PGNY	D	-0.2%
PRCT	C	-0.2%
KNX	C	-0.2%
MRNA	D	-0.2%
FCNCA	B	-0.21%
APD	D	-0.21%
RBA	B	-0.21%
CG	C	-0.21%
BANC	C	-0.21%
LAD	D	-0.21%
O	C	-0.21%
CARR	B	-0.21%
CACC	C	-0.21%
GO	F	-0.21%
ARWR	C	-0.22%
EQT	D	-0.22%
HSY	D	-0.22%
BOKF	B	-0.22%
NFE	F	-0.22%
CALM	A	-0.22%
CNH	F	-0.22%
LW	F	-0.23%
GE	D	-0.23%
VC	F	-0.23%
PEN	F	-0.23%
MKTX	D	-0.23%
WAL	B	-0.23%
SUM	D	-0.23%
TGNA	C	-0.23%
ALB	F	-0.24%
OKE	A	-0.24%
GPOR	D	-0.24%
NOG	C	-0.24%
INSP	F	-0.24%
TSLA	C	-0.24%
SJM	F	-0.25%
MS	A	-0.25%
DAR	F	-0.25%
RNR	D	-0.25%
VVV	B	-0.25%
RCM	D	-0.26%
RVMD	B	-0.26%
SBUX	F	-0.26%
D	C	-0.27%
NDAQ	B	-0.28%
HASI	C	-0.28%
BX	B	-0.28%
DLTR	F	-0.29%
GS	A	-0.29%
CABO	F	-0.3%
FOUR	C	-0.3%
MC	B	-0.3%
APLS	F	-0.31%
NEOG	C	-0.32%
BBIO	F	-0.33%
CCOI	D	-0.34%
SRE	B	-0.34%
FICO	A	-0.34%
FIVE	F	-0.34%
TECH	D	-0.34%
TTWO	F	-0.35%
KMX	C	-0.35%
WBD	F	-0.36%
BOOT	C	-0.36%
DIOD	C	-0.37%
IAC	F	-0.37%
LBRDK	D	-0.38%
VSH	C	-0.38%
PARA	D	-0.39%
ADBE	C	-0.4%
AEIS	C	-0.43%
FIVN	F	-0.43%
U	F	-0.44%
RIOT	F	-0.44%
GLOB	D	-0.44%
FND	F	-0.44%
SATS	C	-0.45%
INST	C	-0.45%
DV	F	-0.46%
LYV	C	-0.47%
COHR	B	-0.48%
RH	D	-0.52%
PANW	C	-0.54%
GFS	C	-0.56%
ZBRA	B	-0.57%
SNPS	B	-0.58%
QQQ	B	-0.58%
BA	D	-0.63%
WOLF	F	-0.63%
CGNX	C	-0.65%
SITM	B	-0.65%
LITE	B	-0.7%
MCHP	D	-0.73%
KLIC	C	-0.81%
INTC	D	-0.83%
TXN	B	-0.86%

CLSE Underweight 24 Positions Relative to FDN

Symbol	Grade	Weight
CRM	F	-5.09%
ABNB	D	-4.43%
CSCO	D	-4.42%
PYPL	D	-3.8%
SNOW	F	-3.25%
WDAY	F	-2.81%
DDOG	C	-2.39%
HUBS	F	-2.26%
TEAM	D	-2.24%
DASH	F	-2.11%
VEEV	D	-1.9%
EBAY	B	-1.87%
NET	C	-1.69%
RBLX	C	-1.19%
ZM	F	-1.06%
SNAP	C	-1.03%
OKTA	D	-0.96%
AKAM	D	-0.88%
JNPR	B	-0.75%
PAYC	F	-0.55%
DBX	F	-0.37%
SMAR	C	-0.35%
BOX	F	-0.27%
TDOC	F	-0.1%