CLSE vs. LRGF ETF Comparison

Comparison of Convergence Long/Short Equity ETF (CLSE) to iShares FactorSelect MSCI USA ETF (LRGF)

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

65,624

Number of Holdings ^*

337

* may have additional holdings in another (foreign) market

LRGF

iShares FactorSelect MSCI USA ETF

LRGF Description

The investment seeks to track the investment results of the MSCI USA Diversified Multi-Factor Index (the "underlying index"), which has been developed by MSCI Inc. ("MSCI"). The fund generally invests at least 90% of its assets in securities of the underlying index and in depositary receipts representing securities of the underlying index. The underlying index is designed to select equity securities from MSCI USA Index (the "Parent index") that have high exposure to four investment style factors: value, quality, momentum and low size, while maintaining a level of risk similar to that of the Parent index. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$61.66

Average Daily Volume

89,356

Number of Holdings ^*

272

* may have additional holdings in another (foreign) market

Performance

Period	CLSE	LRGF
30 Days	4.18%	3.01%
60 Days	7.10%	5.88%
90 Days	9.38%	7.22%
12 Months	39.93%	36.57%

84 Overlapping Holdings

Symbol	Grade	Weight in CLSE	Weight in LRGF	Overlap
AAPL	C	0.83%	6.35%	0.83%
ABBV	F	0.72%	0.9%	0.72%
ABNB	C	-0.34%	0.3%	-0.34%
AGCO	D	-0.18%	0.03%	-0.18%
AMG	B	0.58%	0.2%	0.2%
AMZN	C	2.53%	3.01%	2.53%
ANET	C	1.83%	0.3%	0.3%
APA	D	0.25%	0.09%	0.09%
APP	B	2.25%	0.94%	0.94%
AVGO	D	2.28%	1.82%	1.82%
AWK	C	-0.26%	0.52%	-0.26%
BAC	A	0.81%	0.37%	0.37%
BKNG	A	0.44%	1.17%	0.44%
BLK	B	0.65%	0.24%	0.24%
BMY	B	1.11%	0.72%	0.72%
C	A	-0.19%	0.15%	-0.19%
CDNS	B	-0.46%	0.19%	-0.46%
CHTR	C	-0.48%	0.07%	-0.48%
CPNG	D	0.77%	0.12%	0.12%
CSCO	B	-0.52%	0.4%	-0.52%
CVLT	B	1.4%	0.18%	0.18%
CVNA	B	1.85%	0.02%	0.02%
CVS	D	0.29%	0.17%	0.17%
DELL	B	-0.25%	0.35%	-0.25%
DOCU	B	1.37%	0.33%	0.33%
DUOL	A	0.45%	0.44%	0.44%
DVA	C	0.78%	0.23%	0.23%
ELF	C	-0.24%	0.12%	-0.24%
EME	A	0.75%	0.27%	0.27%
EQR	C	0.35%	0.29%	0.29%
ESTC	C	-0.29%	0.18%	-0.29%
EXPD	C	0.14%	0.01%	0.01%
FOXA	A	0.14%	0.25%	0.14%
GE	D	-0.46%	0.14%	-0.46%
GILD	C	1.07%	0.49%	0.49%
GM	C	0.87%	0.52%	0.52%
GOOG	C	0.49%	1.8%	0.49%
GTLB	B	-0.32%	0.28%	-0.32%
HD	B	1.13%	0.58%	0.58%
HPE	B	1.92%	0.48%	0.48%
HSY	F	-0.24%	0.04%	-0.24%
JHG	B	1.21%	0.26%	0.26%
JNJ	C	0.83%	0.87%	0.83%
JPM	A	0.64%	1.64%	0.64%
KR	B	0.17%	0.35%	0.17%
LNTH	D	0.0%	0.07%	0.0%
LPX	B	0.43%	0.07%	0.07%
LRCX	F	0.0%	0.2%	0.0%
LYV	A	-0.3%	0.02%	-0.3%
MCHP	F	-0.63%	0.08%	-0.63%
MDT	D	0.29%	0.1%	0.1%
MET	A	0.52%	0.03%	0.03%
META	D	3.3%	2.16%	2.16%
MLI	B	0.84%	0.29%	0.29%
MO	A	0.79%	0.1%	0.1%
MRNA	F	-0.47%	0.04%	-0.47%
MSCI	C	-0.27%	0.37%	-0.27%
MUSA	B	0.2%	0.11%	0.11%
NDAQ	A	-0.3%	0.22%	-0.3%
NFLX	A	0.79%	0.19%	0.19%
NTAP	C	1.0%	0.02%	0.02%
NTNX	B	1.16%	0.43%	0.43%
NVDA	B	4.61%	6.55%	4.61%
ORCL	A	1.33%	0.16%	0.16%
PG	C	0.45%	1.26%	0.45%
PRU	A	0.13%	0.19%	0.13%
PSA	C	-0.23%	0.23%	-0.23%
QCOM	F	1.73%	0.45%	0.45%
R	B	0.38%	0.17%	0.17%
RGA	A	0.55%	0.06%	0.06%
SNPS	B	-0.44%	0.18%	-0.44%
SPG	A	0.37%	0.38%	0.37%
SRE	A	-0.2%	0.07%	-0.2%
STLD	B	-0.13%	0.26%	-0.13%
SYF	B	1.11%	0.26%	0.26%
T	A	0.29%	0.59%	0.29%
TEAM	A	-0.27%	0.6%	-0.27%
TSLA	B	1.22%	0.76%	0.76%
TXN	C	-0.81%	0.04%	-0.81%
VLO	C	0.29%	0.33%	0.29%
VRTX	D	0.23%	0.19%	0.19%
VST	A	0.55%	0.45%	0.45%
WFC	A	0.75%	0.5%	0.5%
WMT	A	1.82%	1.03%	1.03%

CLSE Overweight 253 Positions Relative to LRGF

Symbol	Grade	Weight
GOOGL	C	3.47%
MU	D	2.13%
IDCC	B	1.51%
GDDY	A	1.42%
PYPL	B	1.33%
ACIW	B	1.3%
NTRS	A	1.08%
SNEX	B	1.06%
PLTR	B	1.02%
LNG	A	0.97%
SEIC	B	0.95%
HALO	F	0.9%
AMRX	C	0.9%
BFH	C	0.88%
COR	B	0.86%
CAH	B	0.86%
PPC	C	0.85%
GVA	A	0.84%
CARG	B	0.83%
PRIM	A	0.8%
THC	D	0.78%
FITB	B	0.78%
IESC	C	0.77%
CNX	A	0.74%
FTI	A	0.74%
UTHR	C	0.73%
PNC	B	0.72%
RF	A	0.72%
STRL	A	0.71%
ZION	B	0.71%
CMA	B	0.71%
NRG	B	0.71%
UHS	D	0.7%
TMUS	B	0.7%
CEIX	A	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%
CHRW	B	0.61%
EXPE	B	0.61%
TSN	B	0.6%
FFIV	B	0.6%
FTDR	B	0.58%
LDOS	C	0.55%
GLW	B	0.52%
SLVM	B	0.5%
UI	B	0.49%
EXP	B	0.48%
CACI	D	0.48%
PNW	A	0.48%
AVA	A	0.47%
UNP	C	0.47%
PGR	A	0.46%
ALL	A	0.45%
CTRE	C	0.42%
SCCO	F	0.41%
RMD	C	0.4%
JXN	C	0.39%
SR	A	0.38%
CNA	C	0.37%
CF	A	0.37%
GRMN	B	0.37%
OUT	A	0.36%
CCL	A	0.35%
CDP	C	0.34%
RGLD	C	0.32%
CNC	D	0.31%
PTON	A	0.31%
LAMR	C	0.31%
J	D	0.31%
MPWR	F	0.3%
IIPR	D	0.28%
NVR	D	0.24%
MATX	C	0.22%
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%
NTRA	A	0.17%
BOX	B	0.17%
JAZZ	B	0.16%
FN	C	0.13%
VCTR	B	0.12%
VCYT	B	0.12%
CINF	A	0.12%
CDE	C	0.11%
ILMN	C	0.1%
AEIS	C	0.07%
INCY	C	0.07%
HQY	A	0.07%
QQQ	B	0.0%
PENN	C	-0.05%
KNX	C	-0.06%
HGV	C	-0.06%
HUN	F	-0.07%
EXAS	D	-0.07%
RYN	D	-0.07%
COOP	B	-0.07%
CCS	D	-0.07%
BC	C	-0.08%
JOE	F	-0.08%
AES	F	-0.08%
FLYW	B	-0.08%
GNTX	C	-0.09%
JBLU	F	-0.09%
NSC	B	-0.1%
MCW	C	-0.1%
ABG	C	-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	F	-0.12%
DLR	B	-0.13%
EXR	C	-0.13%
AVAV	C	-0.13%
ALIT	C	-0.13%
VMC	B	-0.13%
MLM	C	-0.13%
BPOP	C	-0.14%
PYCR	B	-0.14%
DAY	B	-0.14%
REXR	F	-0.14%
ARWR	D	-0.14%
MKL	A	-0.14%
AA	A	-0.14%
EQIX	A	-0.14%
CZR	F	-0.15%
COLD	D	-0.15%
APD	A	-0.15%
GTLS	A	-0.15%
CRL	D	-0.15%
RNR	C	-0.15%
DRVN	B	-0.15%
NARI	C	-0.16%
FIVN	C	-0.16%
BHF	C	-0.16%
XPO	B	-0.16%
OSK	C	-0.16%
LGIH	F	-0.16%
DAR	C	-0.16%
ALB	B	-0.16%
UHAL	D	-0.16%
AGO	B	-0.16%
EW	C	-0.16%
SITE	F	-0.16%
SW	A	-0.17%
TEX	F	-0.17%
TREX	C	-0.17%
MDGL	B	-0.17%
LKQ	F	-0.17%
MASI	B	-0.17%
AJG	A	-0.17%
KRG	B	-0.17%
ENOV	C	-0.18%
CHDN	B	-0.18%
UEC	B	-0.18%
EBC	B	-0.18%
COTY	F	-0.18%
AL	B	-0.18%
CNH	C	-0.18%
BRKR	D	-0.18%
WAL	B	-0.19%
AIR	B	-0.19%
KNSL	B	-0.2%
GATX	A	-0.2%
BIRK	D	-0.2%
BE	B	-0.21%
AESI	B	-0.21%
NOG	B	-0.21%
WTM	A	-0.21%
PRCT	B	-0.22%
BANC	B	-0.22%
MTN	C	-0.22%
SAIA	B	-0.22%
SUM	B	-0.22%
EQT	B	-0.23%
XYL	D	-0.23%
WTRG	B	-0.24%
IONS	F	-0.24%
GPOR	B	-0.24%
CELH	F	-0.24%
LW	C	-0.25%
KEY	B	-0.25%
BILL	A	-0.26%
NEOG	F	-0.26%
AUR	C	-0.26%
VAL	F	-0.27%
FOUR	A	-0.27%
STNE	F	-0.27%
PTEN	C	-0.27%
MNST	C	-0.28%
SOFI	B	-0.28%
MDB	B	-0.29%
XP	F	-0.29%
MKTX	D	-0.29%
CYTK	F	-0.3%
APLS	F	-0.3%
APTV	F	-0.32%
VVV	D	-0.33%
CCOI	B	-0.33%
LPLA	A	-0.34%
ZBRA	B	-0.34%
INSP	D	-0.34%
FCNCA	A	-0.35%
APO	B	-0.35%
AFRM	A	-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	F	-0.41%
U	C	-0.41%
RIVN	F	-0.42%
TTWO	A	-0.43%
WBD	B	-0.43%
ALGM	D	-0.45%
DV	C	-0.45%
CGNX	D	-0.45%
SMCI	F	-0.47%
RH	C	-0.47%
CFLT	B	-0.47%
FND	D	-0.53%
BRZE	C	-0.56%
FIVE	F	-0.56%
NWS	A	-0.57%
WST	C	-0.59%
LITE	B	-0.6%
POOL	C	-0.61%
DXCM	C	-0.63%
WDC	D	-0.65%
LSCC	D	-0.7%
ROP	B	-0.7%
INTC	C	-0.93%
FSLR	F	-1.26%

CLSE Underweight 188 Positions Relative to LRGF

Symbol	Grade	Weight
MSFT	D	-5.67%
V	A	-1.28%
LLY	F	-1.09%
XOM	B	-0.94%
LIN	C	-0.91%
UNH	B	-0.89%
PEP	F	-0.87%
MA	B	-0.75%
MCD	D	-0.63%
FICO	B	-0.61%
KO	D	-0.61%
BK	A	-0.61%
GS	A	-0.59%
LOW	C	-0.58%
MRK	D	-0.57%
MPC	D	-0.57%
CVX	A	-0.54%
COST	A	-0.54%
ABT	B	-0.53%
BLDR	D	-0.53%
ED	C	-0.51%
BRK.A	B	-0.5%
MCK	A	-0.5%
FTNT	C	-0.49%
AMAT	F	-0.46%
IBKR	A	-0.46%
SPGI	C	-0.43%
AMGN	F	-0.42%
CMCSA	B	-0.41%
AMP	A	-0.41%
GEHC	D	-0.41%
PAYX	B	-0.4%
PM	B	-0.4%
MELI	C	-0.39%
CTAS	B	-0.38%
ETN	A	-0.38%
AFL	B	-0.38%
AYI	B	-0.37%
WSM	C	-0.36%
IT	C	-0.36%
HOLX	D	-0.36%
VZ	C	-0.34%
MANH	D	-0.34%
WY	F	-0.33%
DECK	A	-0.32%
CRH	A	-0.32%
TPR	B	-0.32%
INTU	B	-0.31%
PFE	F	-0.31%
KLAC	F	-0.31%
EBAY	D	-0.31%
CR	A	-0.31%
JBL	C	-0.31%
BRX	A	-0.31%
EMR	B	-0.31%
TGT	F	-0.3%
HRB	D	-0.3%
YUM	D	-0.3%
AIG	B	-0.3%
CNM	D	-0.29%
FERG	B	-0.29%
ELV	F	-0.29%
PCOR	B	-0.28%
UBER	F	-0.28%
MEDP	D	-0.28%
ADBE	C	-0.28%
MTD	F	-0.27%
ANF	F	-0.27%
OTIS	C	-0.27%
TMO	F	-0.27%
RS	B	-0.27%
WING	D	-0.26%
CAT	B	-0.26%
ALLY	C	-0.25%
AXP	A	-0.24%
BBY	D	-0.24%
RHI	C	-0.24%
GIS	D	-0.23%
PCAR	B	-0.23%
STT	B	-0.22%
AVB	B	-0.22%
MSI	B	-0.22%
CRWD	B	-0.22%
COF	C	-0.22%
WFRD	D	-0.21%
AN	C	-0.21%
DUK	C	-0.21%
NUE	C	-0.21%
TT	A	-0.21%
CI	D	-0.21%
ITW	B	-0.21%
TRV	B	-0.2%
SOLV	D	-0.2%
QLYS	B	-0.2%
WEC	A	-0.2%
HPQ	B	-0.19%
SBUX	A	-0.19%
LMT	D	-0.19%
F	C	-0.18%
ETSY	D	-0.18%
PANW	B	-0.18%
NEE	C	-0.17%
IOT	A	-0.17%
SYK	B	-0.17%
DKS	D	-0.17%
EXC	C	-0.16%
ADP	A	-0.16%
MOH	F	-0.16%
IBM	C	-0.16%
HUBS	A	-0.15%
OMC	C	-0.15%
WTS	B	-0.15%
ACN	B	-0.14%
HUM	C	-0.14%
SMAR	B	-0.14%
BBWI	C	-0.14%
AZO	C	-0.14%
RMBS	B	-0.14%
KMI	A	-0.14%
FNF	B	-0.13%
NVT	B	-0.13%
AMD	F	-0.13%
DTE	C	-0.13%
MMM	D	-0.13%
VOYA	B	-0.13%
RL	C	-0.12%
CRM	B	-0.12%
SO	C	-0.12%
MS	A	-0.11%
GWW	B	-0.11%
OLN	F	-0.11%
RRC	B	-0.11%
ZS	B	-0.11%
OKTA	C	-0.11%
FI	A	-0.11%
TTEK	F	-0.1%
MDLZ	F	-0.1%
GL	C	-0.1%
COKE	C	-0.1%
PH	A	-0.1%
AMT	C	-0.09%
MRO	B	-0.09%
UNM	A	-0.09%
EXE	A	-0.08%
PVH	C	-0.08%
VLTO	C	-0.08%
HOG	D	-0.08%
AGNC	C	-0.07%
TAP	C	-0.07%
SHW	B	-0.07%
ADM	D	-0.07%
CMC	B	-0.07%
ACGL	C	-0.07%
PLD	F	-0.07%
CARR	C	-0.07%
ACI	C	-0.06%
SFM	A	-0.05%
FE	C	-0.05%
CRUS	D	-0.05%
PFG	D	-0.05%
COP	C	-0.05%
CEG	C	-0.05%
EG	C	-0.05%
AR	B	-0.04%
THO	B	-0.04%
DOW	F	-0.04%
BXP	C	-0.04%
XRAY	F	-0.04%
SSD	F	-0.04%
NOW	A	-0.04%
LII	A	-0.03%
DE	B	-0.03%
HIG	B	-0.03%
MGM	D	-0.03%
MOD	A	-0.03%
ZBH	C	-0.03%
UAL	A	-0.03%
PATH	C	-0.02%
BDX	F	-0.02%
BSX	A	-0.02%
NWSA	A	-0.02%
MUR	D	-0.02%
KHC	F	-0.02%
RPRX	D	-0.01%
ULTA	F	-0.01%
PSX	C	-0.01%
EOG	A	-0.01%
FDX	B	-0.01%