CLSE vs. FLCV ETF Comparison

Comparison of Convergence Long/Short Equity ETF (CLSE) to Trust Federated Hermes MDT Large Cap Value ETF (FLCV)

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

$23.61

Average Daily Volume

63,574

Number of Holdings ^*

337

* may have additional holdings in another (foreign) market

FLCV

Trust Federated Hermes MDT Large Cap Value ETF

FLCV Description

The fund seeks to achieve its objective by investing primarily in the common stock of large-cap U.S. companies undervalued relative to the market. It will invest its assets so that at least 80% of its net assets (plus any borrowings for investment purposes) are invested in a mix of large-cap and value investments. The fund manager actively trades its portfolio securities in an attempt to achieve its investment objective.

Grade (RS Rating)

Last Trade

$28.19

Average Daily Volume

2,092

Number of Holdings ^*

120

* may have additional holdings in another (foreign) market

Performance

Period	CLSE	FLCV
30 Days	4.15%	2.23%
60 Days	9.66%	7.49%
90 Days	10.02%	9.91%
12 Months	40.83%

38 Overlapping Holdings

Symbol	Grade	Weight in CLSE	Weight in FLCV	Overlap
AA	C	-0.15%	0.21%	-0.15%
ABBV	F	1.03%	2.11%	1.03%
AGCO	F	-0.15%	0.1%	-0.15%
ALNY	D	0.71%	0.04%	0.04%
ALSN	B	0.66%	1.48%	0.66%
APP	B	2.93%	1.23%	1.23%
BPOP	C	-0.14%	0.72%	-0.14%
CAH	B	0.76%	0.53%	0.53%
CHRW	A	0.58%	0.05%	0.05%
CNC	F	0.31%	0.32%	0.31%
FTI	B	0.59%	0.08%	0.08%
GDDY	B	1.41%	2.49%	1.41%
GE	D	-0.48%	0.32%	-0.48%
GILD	B	1.11%	1.75%	1.11%
GM	B	0.82%	0.15%	0.15%
HPE	B	1.96%	1.31%	1.31%
IBM	D	0.62%	0.27%	0.27%
ILMN	C	0.1%	0.96%	0.1%
INCY	B	0.07%	0.98%	0.07%
JNJ	D	0.84%	2.27%	0.84%
JPM	A	0.62%	0.96%	0.62%
KR	A	0.17%	1.19%	0.17%
LDOS	C	0.64%	0.06%	0.06%
LNG	B	0.93%	1.49%	0.93%
MPC	D	0.45%	0.8%	0.45%
MRK	F	0.15%	0.16%	0.15%
NEM	F	0.32%	0.76%	0.32%
NTAP	D	1.21%	0.27%	0.27%
NTNX	B	1.13%	1.33%	1.13%
NTRS	A	1.06%	1.11%	1.06%
PGR	A	0.46%	1.49%	0.46%
PM	B	0.42%	2.29%	0.42%
PRU	B	0.12%	2.45%	0.12%
QCOM	F	1.78%	0.81%	0.81%
T	A	0.53%	0.57%	0.53%
UNP	D	0.53%	1.23%	0.53%
VST	B	0.52%	0.53%	0.52%
WFC	A	0.72%	0.83%	0.72%

CLSE Overweight 299 Positions Relative to FLCV

Symbol	Grade	Weight
NVDA	A	4.52%
GOOGL	C	3.45%
META	B	3.33%
AVGO	C	2.43%
AMZN	A	2.42%
MU	D	2.37%
ANET	C	1.92%
CVNA	B	1.88%
WMT	A	1.81%
IDCC	B	1.51%
ACIW	B	1.49%
CVLT	B	1.49%
DOCU	B	1.34%
ORCL	A	1.33%
BMY	B	1.28%
JHG	A	1.16%
PYPL	A	1.14%
HD	B	1.12%
AAPL	C	1.12%
SYF	B	1.08%
SNEX	B	1.06%
TSLA	B	1.04%
HALO	C	1.0%
BFH	B	0.91%
PLTR	B	0.9%
AMG	B	0.9%
PPC	C	0.9%
SEIC	A	0.89%
AMRX	B	0.87%
MLI	B	0.87%
GVA	B	0.84%
IESC	B	0.82%
PRIM	B	0.82%
CARG	B	0.79%
THC	B	0.78%
BAC	A	0.78%
MO	A	0.76%
EME	B	0.76%
NFLX	A	0.75%
DVA	C	0.75%
FITB	A	0.75%
COR	B	0.75%
NRG	C	0.74%
STRL	B	0.74%
CPNG	B	0.73%
UHS	D	0.71%
CEIX	B	0.71%
AVT	C	0.7%
VRT	B	0.7%
MWA	B	0.68%
ZION	B	0.68%
RF	A	0.67%
MTZ	B	0.67%
PNC	B	0.67%
APH	B	0.67%
UMBF	B	0.65%
JXN	C	0.62%
MPWR	F	0.62%
FTDR	B	0.61%
EXPE	B	0.6%
YOU	D	0.6%
FLR	C	0.58%
SLVM	C	0.57%
TMUS	A	0.56%
XOM	B	0.56%
TSN	B	0.55%
CACI	C	0.55%
RGA	A	0.53%
MET	C	0.51%
GOOG	C	0.49%
EXP	B	0.48%
PNW	A	0.48%
VLO	C	0.47%
AVA	C	0.46%
ALL	B	0.45%
CNA	C	0.44%
GLW	B	0.44%
FFIV	B	0.44%
PG	C	0.44%
SCCO	F	0.43%
RMD	C	0.43%
LPX	A	0.42%
CTRE	C	0.42%
UI	B	0.38%
SPG	A	0.37%
R	B	0.37%
BKNG	A	0.37%
CF	B	0.36%
SR	C	0.36%
J	D	0.35%
DUOL	A	0.34%
OUT	B	0.34%
PTON	C	0.34%
RGLD	C	0.34%
CCL	B	0.34%
EQR	C	0.34%
LAMR	D	0.31%
MDT	D	0.3%
CVS	F	0.29%
IIPR	F	0.29%
ATGE	C	0.29%
IBP	F	0.26%
NVR	D	0.25%
TOL	B	0.23%
MATX	B	0.22%
EEFT	C	0.22%
JLL	C	0.2%
MUSA	B	0.2%
ABM	B	0.19%
BAH	C	0.17%
SQ	B	0.15%
NSA	D	0.15%
FN	C	0.14%
EXPD	C	0.14%
GRMN	A	0.13%
VCYT	B	0.12%
CINF	A	0.12%
SEE	C	0.11%
ANF	C	0.11%
NTRA	B	0.1%
UTHR	B	0.08%
AEIS	B	0.07%
HQY	B	0.07%
LNTH	F	0.05%
QQQ	A	0.0%
LRCX	F	0.0%
PATK	C	0.0%
SO	D	0.0%
HGV	B	-0.06%
EXAS	F	-0.07%
RYN	F	-0.07%
CCS	F	-0.07%
HUN	F	-0.08%
AES	F	-0.08%
VMC	B	-0.08%
FLYW	B	-0.08%
GNTX	C	-0.09%
BC	D	-0.09%
JOE	F	-0.09%
FL	F	-0.09%
APD	B	-0.1%
ABG	B	-0.1%
REXR	F	-0.1%
PENN	B	-0.1%
NSC	B	-0.11%
MCW	C	-0.11%
DLR	C	-0.11%
ALIT	C	-0.12%
EL	F	-0.12%
ENPH	F	-0.12%
PCH	F	-0.12%
ACVA	B	-0.12%
EQIX	B	-0.12%
MKL	A	-0.13%
BECN	B	-0.13%
PYCR	B	-0.14%
AGO	B	-0.14%
EXR	D	-0.14%
MLM	B	-0.14%
CC	C	-0.15%
JBLU	C	-0.15%
DAY	B	-0.15%
GTLS	B	-0.15%
AVAV	C	-0.15%
DRVN	A	-0.15%
MTN	C	-0.16%
CZR	F	-0.16%
CRL	C	-0.16%
OSK	B	-0.16%
TREX	C	-0.16%
BHF	B	-0.16%
COTY	D	-0.16%
DAR	B	-0.16%
CNH	D	-0.16%
NXST	C	-0.16%
COLD	F	-0.16%
LGIH	F	-0.16%
ALB	C	-0.16%
EW	F	-0.16%
RNR	D	-0.16%
C	B	-0.17%
RBA	B	-0.17%
AL	B	-0.17%
UHAL	D	-0.17%
LKQ	C	-0.17%
NARI	C	-0.17%
KRG	B	-0.17%
AJG	A	-0.17%
KNSL	C	-0.17%
SITE	D	-0.17%
XPO	B	-0.17%
BIRK	F	-0.17%
AIR	B	-0.18%
SW	B	-0.18%
EBC	B	-0.18%
MASI	B	-0.18%
MDGL	C	-0.19%
XYL	F	-0.19%
CHDN	B	-0.19%
ENOV	C	-0.19%
WAL	B	-0.19%
BRKR	F	-0.19%
TEX	D	-0.19%
PRCT	C	-0.19%
TTD	B	-0.19%
GATX	B	-0.2%
WTM	A	-0.2%
CGON	D	-0.2%
UEC	C	-0.2%
BE	B	-0.21%
SRE	B	-0.21%
ATO	B	-0.21%
SAIA	B	-0.22%
EQT	B	-0.22%
AESI	F	-0.22%
HSY	F	-0.23%
GPOR	B	-0.23%
NOG	B	-0.23%
BANC	B	-0.23%
ARWR	C	-0.24%
SUM	B	-0.24%
VAL	D	-0.24%
ELF	C	-0.24%
PSA	D	-0.24%
KEY	B	-0.25%
LYV	A	-0.25%
MSCI	B	-0.26%
LW	B	-0.26%
TEAM	B	-0.26%
CELH	F	-0.26%
WTRG	C	-0.26%
ABNB	C	-0.27%
AUR	D	-0.27%
PTEN	C	-0.27%
SOFI	B	-0.27%
AWK	D	-0.27%
FCNCA	B	-0.27%
PINS	F	-0.28%
MNST	B	-0.28%
FOUR	B	-0.28%
NEOG	D	-0.29%
BILL	B	-0.29%
ESTC	C	-0.29%
GT	C	-0.29%
MKTX	C	-0.3%
XP	F	-0.3%
NDAQ	B	-0.3%
MDB	C	-0.3%
STNE	F	-0.31%
BEN	C	-0.31%
AFRM	B	-0.31%
APLS	F	-0.31%
GTLB	B	-0.32%
LPLA	A	-0.34%
VVV	B	-0.34%
COHR	C	-0.34%
CACC	D	-0.34%
ZBRA	B	-0.35%
APO	B	-0.35%
CCOI	C	-0.36%
DG	F	-0.36%
ALGM	F	-0.36%
INSP	F	-0.37%
BA	F	-0.37%
DLTR	F	-0.38%
WBD	B	-0.39%
PATH	C	-0.39%
BBIO	F	-0.4%
RIVN	F	-0.41%
ON	F	-0.41%
CYTK	C	-0.44%
U	F	-0.45%
MRNA	F	-0.46%
NWS	B	-0.47%
MCHP	F	-0.48%
SATS	D	-0.48%
CGNX	C	-0.48%
RH	C	-0.49%
DV	C	-0.49%
RBLX	B	-0.5%
TTWO	A	-0.5%
ADBE	C	-0.51%
FIVE	F	-0.51%
FND	F	-0.52%
CFLT	B	-0.52%
ZI	C	-0.54%
BRZE	C	-0.54%
DELL	C	-0.55%
WST	B	-0.57%
FIVN	C	-0.58%
DXCM	C	-0.58%
POOL	D	-0.58%
SMCI	F	-0.59%
WDC	D	-0.73%
LSCC	D	-0.76%
TXN	B	-0.87%
LITE	B	-0.88%
INTC	C	-0.99%
FSLR	F	-1.21%

CLSE Underweight 82 Positions Relative to FLCV

Symbol	Grade	Weight
VLTO	D	-2.54%
AMP	A	-2.47%
IBKR	A	-2.18%
GEV	B	-1.98%
FTNT	B	-1.95%
KMB	D	-1.83%
TRV	B	-1.8%
EXC	C	-1.57%
EOG	A	-1.52%
STT	B	-1.47%
BK	B	-1.45%
OTIS	D	-1.41%
CL	F	-1.35%
PPG	F	-1.32%
TT	B	-1.28%
SLG	C	-1.26%
EA	A	-1.25%
ZM	B	-1.22%
SBAC	D	-1.2%
HIG	C	-1.17%
SN	C	-1.17%
KRC	C	-1.16%
TDG	D	-1.16%
ICE	C	-1.16%
UNH	B	-1.14%
WM	A	-1.09%
GAP	B	-0.97%
AON	B	-0.88%
CMCSA	B	-0.87%
BRK.A	B	-0.86%
BERY	D	-0.85%
ELAN	C	-0.84%
CAT	B	-0.83%
DVN	F	-0.82%
RCL	A	-0.76%
ABT	C	-0.75%
PEP	D	-0.75%
CVX	A	-0.72%
AMGN	F	-0.72%
PVH	C	-0.66%
AAP	C	-0.61%
MAN	F	-0.56%
ED	D	-0.55%
FMC	F	-0.54%
NUE	D	-0.49%
EBAY	C	-0.45%
TJX	A	-0.45%
PSX	C	-0.44%
WEC	B	-0.42%
ELV	F	-0.42%
BIIB	F	-0.36%
CRBG	C	-0.36%
CI	D	-0.34%
ZTS	D	-0.32%
OMC	A	-0.32%
FNF	C	-0.32%
TFX	F	-0.27%
TAP	B	-0.26%
DXC	B	-0.26%
REGN	F	-0.26%
ETN	B	-0.24%
HUM	D	-0.22%
CEG	D	-0.2%
XRAY	F	-0.18%
GLPI	D	-0.18%
MCD	C	-0.17%
PAYC	B	-0.17%
NOC	D	-0.17%
PNR	A	-0.17%
EIX	C	-0.15%
VZ	D	-0.14%
PFG	C	-0.14%
DTM	A	-0.13%
UAL	A	-0.12%
DUK	D	-0.11%
ACGL	C	-0.1%
HCA	D	-0.1%
SNX	C	-0.07%
MMM	C	-0.04%
DIS	B	-0.04%
QRVO	F	-0.03%
TGT	C	-0.03%