CLSE vs. NZAC ETF Comparison

Comparison of Convergence Long/Short Equity ETF (CLSE) to SPDR MSCI ACWI Climate Paris Aligned ETF (NZAC)

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

$22.51

Average Daily Volume

49,544

Number of Holdings ^*

331

* may have additional holdings in another (foreign) market

NZAC

SPDR MSCI ACWI Climate Paris Aligned ETF

NZAC Description

The fund generally invests substantially all, but at least 80%, of its total assets in the securities comprising the index. The index is designed to exceed the minimum standards for a "Paris-Aligned Benchmark" under the EU BMR. A Paris-Aligned Benchmark is designed to align with a principal objective of the Paris Agreement to limit the increase in the global average temperature to well below 2 degrees Celsius above pre-industrial levels.

Grade (RS Rating)

Last Trade

$37.15

Average Daily Volume

14,436

Number of Holdings ^*

367

* may have additional holdings in another (foreign) market

Performance

Period	CLSE	NZAC
30 Days	5.51%	4.21%
60 Days	11.19%	11.83%
90 Days	4.00%	5.20%
12 Months	39.98%	34.16%

88 Overlapping Holdings

Symbol	Grade	Weight in CLSE	Weight in NZAC	Overlap
AAPL	C	1.95%	4.45%	1.95%
ABBV	C	1.02%	0.4%	0.4%
ABBV	C	1.02%	0.61%	0.61%
ADBE	F	-0.39%	0.35%	-0.39%
AJG	C	-0.19%	0.07%	-0.19%
ALB	D	-0.27%	0.01%	-0.27%
ALNY	C	0.25%	0.04%	0.04%
AMGN	D	0.28%	0.23%	0.23%
AMZN	C	2.37%	2.15%	2.15%
ANET	A	1.93%	0.06%	0.06%
APO	A	-0.36%	0.14%	-0.36%
AVGO	B	2.7%	1.11%	1.11%
BAC	B	0.8%	0.36%	0.36%
BIO	B	-0.24%	0.01%	-0.24%
BKNG	B	0.26%	0.19%	0.19%
BMY	A	0.92%	0.23%	0.23%
C	B	-0.26%	0.01%	-0.26%
CINF	A	-0.19%	0.06%	-0.19%
DLTR	F	-0.45%	0.03%	-0.45%
DOCU	A	1.4%	0.01%	0.01%
DXCM	F	-0.23%	0.03%	-0.23%
EL	D	-0.23%	0.05%	-0.23%
ENPH	F	-0.32%	0.1%	-0.32%
EQR	C	0.41%	0.07%	0.07%
EW	F	-0.21%	0.1%	-0.21%
EXAS	C	-0.38%	0.01%	-0.38%
EXR	D	-0.15%	0.04%	-0.15%
FDS	C	-0.34%	0.01%	-0.34%
GDDY	B	1.41%	0.03%	0.03%
GILD	A	0.91%	0.06%	0.06%
GLW	C	0.28%	0.18%	0.18%
GOOG	B	1.26%	1.39%	1.26%
GOOGL	B	3.08%	0.99%	0.99%
GRMN	D	0.09%	0.06%	0.06%
HD	A	1.22%	0.58%	0.58%
HPE	B	2.06%	0.15%	0.15%
HSY	D	-0.26%	0.06%	-0.26%
IBM	A	1.43%	0.63%	0.63%
INTC	D	-0.8%	0.17%	-0.8%
JNJ	D	0.91%	0.64%	0.64%
JPM	C	0.59%	0.91%	0.59%
KLAC	B	0.47%	0.18%	0.18%
LKQ	F	-0.19%	0.03%	-0.19%
LYV	A	-0.38%	0.04%	-0.38%
MDT	C	0.46%	0.23%	0.23%
MET	A	0.56%	0.21%	0.21%
META	A	3.31%	1.67%	1.67%
MKL	B	-0.15%	0.07%	-0.15%
MKTX	B	-0.34%	0.01%	-0.34%
MNST	D	-0.31%	0.03%	-0.31%
MRK	F	0.5%	0.55%	0.5%
MRNA	F	-0.3%	0.02%	-0.3%
MSFT	D	1.01%	4.05%	1.01%
MU	D	1.05%	0.09%	0.09%
NDAQ	C	-0.35%	0.04%	-0.35%
NEM	C	0.52%	0.11%	0.11%
NFLX	A	0.31%	0.42%	0.31%
NTAP	D	1.74%	0.06%	0.06%
NTRS	B	0.89%	0.04%	0.04%
NVDA	B	3.84%	3.81%	3.81%
NVR	C	0.31%	0.03%	0.03%
ORCL	A	1.46%	0.54%	0.54%
PGR	B	0.47%	0.22%	0.22%
PINS	D	-0.49%	0.02%	-0.49%
PNC	C	0.59%	0.16%	0.16%
POOL	D	-0.56%	0.03%	-0.56%
PSA	C	-0.3%	0.12%	-0.3%
PYPL	A	1.07%	0.12%	0.12%
QCOM	D	2.56%	0.27%	0.27%
RF	B	0.59%	0.06%	0.06%
RIVN	F	-0.38%	0.01%	-0.38%
SBUX	B	-0.11%	0.15%	-0.11%
SCCO	B	0.44%	0.09%	0.09%
SEIC	B	0.77%	0.02%	0.02%
SPG	A	0.4%	0.14%	0.14%
SYF	A	0.94%	0.07%	0.07%
T	B	1.01%	0.18%	0.18%
TSLA	C	0.74%	1.05%	0.74%
TTD	A	-0.19%	0.05%	-0.19%
TXN	C	-0.85%	0.26%	-0.85%
UHAL	C	-0.17%	0.04%	-0.17%
UNP	F	0.57%	0.22%	0.22%
VMC	D	-0.11%	0.01%	-0.11%
VRT	B	0.42%	0.02%	0.02%
WFC	B	0.58%	0.19%	0.19%
WMT	A	1.94%	0.34%	0.34%
XYL	C	-0.22%	0.39%	-0.22%
ZBRA	B	-0.39%	0.02%	-0.39%

CLSE Overweight 244 Positions Relative to NZAC

Symbol	Grade	Weight
CVNA	A	1.82%
CVLT	B	1.65%
APP	A	1.45%
IDCC	A	1.17%
ACIW	A	1.16%
AMG	B	1.0%
SNEX	B	1.0%
JHG	A	0.97%
NTNX	C	0.95%
AVT	B	0.95%
HALO	D	0.94%
THC	D	0.86%
EME	B	0.86%
DVA	C	0.83%
AMRX	B	0.83%
OGN	F	0.83%
MLI	B	0.78%
UHS	D	0.78%
VLO	F	0.77%
PPC	C	0.77%
MO	D	0.76%
BFH	D	0.74%
FTDR	B	0.73%
JXN	A	0.71%
PG	D	0.7%
CNC	F	0.7%
NRG	A	0.69%
BG	F	0.69%
COR	F	0.68%
IIPR	C	0.67%
CHRW	C	0.67%
ADMA	A	0.67%
IESC	A	0.66%
GVA	A	0.65%
LNG	A	0.65%
UMBF	C	0.63%
FITB	C	0.61%
PATK	A	0.61%
XOM	A	0.59%
MWA	A	0.58%
CAH	B	0.58%
SLVM	C	0.58%
MTZ	A	0.57%
VST	A	0.56%
PRIM	A	0.56%
MATX	C	0.56%
DVN	F	0.55%
REZI	D	0.55%
AVA	D	0.55%
RTX	A	0.54%
NEE	C	0.54%
LMT	A	0.54%
TSN	D	0.53%
STRL	B	0.52%
OSCR	C	0.52%
RGA	B	0.52%
GM	D	0.51%
EXPE	B	0.5%
PNW	C	0.48%
CNA	D	0.47%
ATGE	D	0.47%
LNTH	C	0.46%
LDOS	A	0.45%
CVX	B	0.45%
EXP	C	0.44%
MPC	D	0.44%
CACI	A	0.44%
RGLD	C	0.41%
ACT	B	0.39%
CFG	C	0.39%
EEFT	F	0.39%
FCX	B	0.38%
MUSA	D	0.38%
LAMR	C	0.36%
CAT	A	0.36%
ALSN	A	0.35%
CTRE	C	0.35%
NSA	D	0.35%
IBP	C	0.34%
TOL	C	0.34%
KBH	D	0.32%
J	F	0.32%
STAG	D	0.32%
ABM	D	0.32%
SM	D	0.31%
BCO	C	0.31%
OUT	C	0.27%
CCL	C	0.25%
JLL	C	0.25%
ASPN	C	0.25%
ANF	D	0.24%
CVS	D	0.19%
CPNG	C	0.18%
KMB	D	0.16%
KR	C	0.16%
NTRA	A	0.15%
SPOT	C	0.14%
QQQ	B	0.0%
ADUS	D	0.0%
MHO	C	0.0%
VTRS	D	0.0%
KNF	B	0.0%
MRO	B	0.0%
HRB	C	0.0%
JOBY	C	-0.04%
CAR	D	-0.06%
PENN	D	-0.07%
PGNY	F	-0.08%
AES	C	-0.08%
MCW	F	-0.09%
CZR	B	-0.09%
BRKR	D	-0.09%
MASI	B	-0.09%
NXST	D	-0.09%
AGL	F	-0.1%
DRVN	C	-0.1%
VAC	D	-0.1%
LGIH	C	-0.1%
HGV	F	-0.1%
AWR	B	-0.1%
HHH	C	-0.11%
ACVA	C	-0.11%
SJM	D	-0.12%
ALIT	D	-0.12%
JBLU	B	-0.13%
RBLX	D	-0.13%
PCH	C	-0.14%
PPBI	D	-0.14%
MTN	D	-0.14%
KRG	C	-0.15%
COLD	D	-0.15%
DAY	C	-0.15%
AA	B	-0.15%
BIRK	F	-0.15%
PYCR	D	-0.15%
WAL	C	-0.16%
THO	C	-0.16%
WY	C	-0.16%
CC	D	-0.16%
WTRG	D	-0.16%
CHDN	C	-0.16%
OKE	A	-0.17%
OSK	F	-0.17%
AESI	B	-0.17%
ENOV	F	-0.17%
ALGM	F	-0.17%
BEAM	F	-0.17%
KNSL	B	-0.18%
LUV	B	-0.18%
CHK	C	-0.18%
NTLA	F	-0.18%
TXG	F	-0.18%
VNO	B	-0.18%
HI	F	-0.18%
TFC	D	-0.19%
PNFP	B	-0.19%
XPO	F	-0.19%
CGON	C	-0.19%
CACC	F	-0.2%
ELF	F	-0.2%
SOFI	C	-0.2%
BE	F	-0.2%
AVAV	B	-0.2%
APD	C	-0.2%
GTLS	D	-0.2%
KROS	C	-0.2%
CNH	C	-0.2%
GATX	F	-0.2%
BANC	D	-0.2%
GPOR	B	-0.21%
COLB	C	-0.21%
IRTC	F	-0.21%
MSCI	B	-0.21%
AGCO	D	-0.21%
TREX	D	-0.21%
AIR	C	-0.21%
FLYW	F	-0.22%
WOLF	F	-0.22%
COTY	F	-0.22%
RBA	D	-0.22%
FCNCA	D	-0.22%
WTM	C	-0.22%
UEC	C	-0.22%
ARWR	F	-0.22%
KLIC	D	-0.23%
SW	C	-0.24%
RNR	A	-0.24%
SUM	F	-0.24%
AEIS	B	-0.25%
CNX	A	-0.26%
AL	D	-0.26%
EQT	C	-0.27%
SITE	D	-0.27%
PEN	D	-0.27%
ROIV	D	-0.27%
GMED	B	-0.28%
LW	D	-0.28%
D	A	-0.29%
CELH	F	-0.29%
GE	B	-0.29%
NEOG	F	-0.3%
PTEN	F	-0.3%
GT	F	-0.3%
APLS	F	-0.31%
SRE	C	-0.31%
VVV	D	-0.31%
EVTC	D	-0.32%
INSP	C	-0.32%
AUR	C	-0.34%
ON	F	-0.34%
MARA	F	-0.34%
AFRM	C	-0.35%
BRZE	F	-0.36%
LPLA	D	-0.37%
BA	F	-0.37%
FOUR	A	-0.37%
RIOT	F	-0.39%
PATH	D	-0.4%
CYTK	D	-0.41%
WBD	F	-0.42%
SATS	C	-0.43%
BBIO	F	-0.43%
ZI	F	-0.44%
MDB	D	-0.44%
GLOB	D	-0.45%
CGNX	F	-0.45%
CCOI	B	-0.45%
DV	F	-0.46%
CASY	D	-0.47%
TTWO	D	-0.47%
BILL	D	-0.48%
LBRDK	C	-0.48%
CFLT	F	-0.51%
MCHP	F	-0.52%
FIVE	D	-0.52%
FIVN	F	-0.53%
U	D	-0.53%
RH	C	-0.54%
DELL	C	-0.6%
FND	C	-0.64%
GFS	F	-0.67%
LITE	A	-0.79%
WDC	C	-0.8%
LSCC	D	-0.81%

CLSE Underweight 279 Positions Relative to NZAC

Symbol	Grade	Weight
LLY	D	-1.1%
EIX	C	-0.84%
UNH	B	-0.75%
V	B	-0.66%
MA	A	-0.61%
SHW	C	-0.56%
ADI	B	-0.5%
NVS	D	-0.45%
SPGI	C	-0.39%
TMO	D	-0.38%
BRK.A	B	-0.38%
ACN	B	-0.38%
CSCO	A	-0.37%
MCD	A	-0.37%
CRM	B	-0.35%
DLR	C	-0.35%
TJX	D	-0.35%
AXP	A	-0.34%
ACM	A	-0.34%
NOW	B	-0.33%
ITW	C	-0.32%
EQIX	C	-0.32%
AMD	C	-0.31%
BABA	A	-0.3%
BSX	A	-0.29%
ISRG	C	-0.28%
AFL	A	-0.28%
INTU	F	-0.27%
ETN	B	-0.26%
LOW	C	-0.25%
DIS	D	-0.24%
CB	A	-0.24%
BLK	A	-0.24%
CMCSA	B	-0.24%
MSI	A	-0.24%
SYK	C	-0.23%
DHR	D	-0.23%
PH	A	-0.23%
PLD	D	-0.23%
PFE	D	-0.22%
ELV	F	-0.22%
PWR	A	-0.22%
MCO	D	-0.22%
VZ	C	-0.22%
PNR	C	-0.21%
TD	B	-0.21%
MMC	D	-0.2%
FSLR	C	-0.2%
MS	A	-0.2%
GWW	B	-0.19%
ADP	A	-0.19%
ABT	C	-0.19%
SONY	C	-0.18%
ZTS	C	-0.18%
UBER	C	-0.17%
CBRE	C	-0.17%
ORLY	A	-0.17%
MELI	D	-0.16%
BX	C	-0.16%
CDW	D	-0.16%
FFIV	B	-0.16%
FAST	C	-0.15%
SCHW	D	-0.15%
FI	A	-0.15%
AIG	C	-0.14%
ACGL	A	-0.14%
PRU	B	-0.14%
REGN	D	-0.14%
TRV	B	-0.14%
WELL	C	-0.14%
HDB	D	-0.14%
VRTX	D	-0.14%
JNPR	C	-0.14%
AME	C	-0.14%
TDG	A	-0.14%
EBAY	A	-0.14%
DE	C	-0.14%
ICE	A	-0.13%
NKE	D	-0.13%
LI	C	-0.13%
AMP	A	-0.13%
ALL	A	-0.13%
AMAT	C	-0.13%
AVB	C	-0.12%
INFY	B	-0.12%
PANW	B	-0.12%
DEO	C	-0.12%
IQV	F	-0.12%
HIG	A	-0.12%
CME	A	-0.12%
AMT	D	-0.12%
COF	A	-0.11%
USB	C	-0.11%
KKR	A	-0.11%
PPG	D	-0.11%
LRCX	D	-0.11%
TMUS	A	-0.11%
BK	A	-0.11%
BDX	C	-0.11%
AZO	D	-0.1%
PDD	B	-0.1%
GIS	C	-0.1%
TDY	A	-0.1%
FTV	C	-0.1%
AON	A	-0.1%
MRVL	C	-0.1%
APH	D	-0.1%
SHOP	B	-0.09%
EQH	B	-0.09%
CSX	D	-0.09%
KDP	C	-0.09%
WM	B	-0.09%
ESS	D	-0.09%
ALLE	A	-0.09%
ROST	D	-0.09%
CHD	D	-0.09%
MTB	A	-0.08%
REG	C	-0.08%
RVTY	C	-0.08%
WAB	A	-0.08%
CTSH	B	-0.08%
ROK	D	-0.08%
YUM	C	-0.08%
AIZ	B	-0.08%
RS	D	-0.08%
PAYX	B	-0.08%
LIN	C	-0.08%
CCI	D	-0.08%
BR	B	-0.08%
ADSK	B	-0.08%
KEYS	B	-0.07%
LEN	C	-0.07%
UPS	D	-0.07%
WRB	C	-0.07%
BXP	B	-0.07%
DHI	C	-0.07%
LULU	D	-0.07%
FTNT	A	-0.07%
WTW	C	-0.07%
CMG	C	-0.07%
DFS	A	-0.07%
WIT	C	-0.07%
AFG	A	-0.07%
MUFG	D	-0.07%
MTD	C	-0.07%
O	C	-0.07%
IDXX	D	-0.07%
RMD	C	-0.07%
VTR	C	-0.06%
TRMB	B	-0.06%
IRM	B	-0.06%
ECL	C	-0.06%
TCOM	A	-0.06%
CHTR	D	-0.06%
FIS	A	-0.06%
A	B	-0.06%
HUM	F	-0.06%
URI	C	-0.05%
HOLX	D	-0.05%
GS	B	-0.05%
BRO	A	-0.05%
PCAR	D	-0.05%
ULTA	D	-0.05%
HSIC	D	-0.05%
BCS	B	-0.04%
CTAS	C	-0.04%
STZ	D	-0.04%
CPRT	B	-0.04%
BIIB	F	-0.04%
PLTR	A	-0.04%
CPAY	A	-0.04%
GPN	F	-0.04%
ERIE	A	-0.04%
IEX	D	-0.04%
AXON	A	-0.04%
TER	C	-0.04%
BIDU	C	-0.04%
TROW	D	-0.04%
XPEV	C	-0.04%
CEG	A	-0.04%
VRSK	D	-0.04%
ABNB	D	-0.04%
ZBH	F	-0.04%
PHM	C	-0.04%
BAX	D	-0.03%
CSGP	F	-0.03%
XRX	D	-0.03%
MMM	C	-0.03%
RJF	B	-0.03%
BAH	C	-0.03%
ALGN	D	-0.03%
STE	D	-0.03%
VICI	C	-0.03%
CCEP	C	-0.03%
VEEV	C	-0.03%
FOX	B	-0.03%
EFX	D	-0.03%
VLTO	A	-0.03%
IT	A	-0.03%
EG	A	-0.03%
BURL	C	-0.03%
CARR	A	-0.03%
SBAC	C	-0.03%
AZN	D	-0.03%
CBOE	B	-0.03%
OMC	C	-0.03%
AVTR	D	-0.03%
ILMN	B	-0.03%
FOXA	B	-0.03%
NSC	C	-0.03%
IPG	D	-0.02%
HBAN	B	-0.02%
TW	A	-0.02%
LYG	C	-0.02%
STT	A	-0.02%
TEVA	D	-0.02%
ZM	B	-0.02%
WST	D	-0.02%
ROL	C	-0.02%
BMRN	F	-0.02%
DASH	A	-0.02%
TT	A	-0.02%
RPRX	D	-0.02%
PODD	C	-0.02%
COIN	F	-0.02%
DGX	D	-0.02%
WAT	B	-0.02%
SQ	D	-0.02%
MOH	F	-0.02%
SNOW	F	-0.02%
MAR	A	-0.02%
HEI	C	-0.02%
ODFL	F	-0.02%
TFX	C	-0.02%
ASAI	F	-0.02%
HLT	A	-0.02%
CTLT	A	-0.02%
BCH	D	-0.02%
WDAY	D	-0.02%
ROP	D	-0.02%
NIO	C	-0.02%
TGT	C	-0.02%
STLD	C	-0.01%
MBAVU	C	-0.01%
BBWI	F	-0.01%
PAYC	D	-0.01%
QGEN	F	-0.01%
MSTR	B	-0.01%
SQ	D	-0.01%
WYNN	B	-0.01%
EPAM	F	-0.01%
SWKS	F	-0.01%
SUI	D	-0.01%
NXPI	F	-0.01%
MTCH	B	-0.01%
JKHY	A	-0.01%
SNAP	D	-0.01%
EA	D	-0.01%
KVUE	C	-0.01%
CLX	C	-0.01%
TECH	D	-0.01%
INCY	B	-0.01%
NBIX	F	-0.01%
MAS	C	-0.01%
KB	D	-0.01%
DOC	C	-0.01%
CG	B	-0.01%
TRU	C	-0.01%
Z	C	-0.01%
MKC	C	-0.01%
QFIN	A	-0.01%
VRSN	C	-0.01%
SNA	C	-0.01%
ANSS	D	-0.01%
CRWD	D	-0.01%
WPC	C	-0.01%
ALLY	F	-0.01%
WIT	C	-0.0%
NIO	C	-0.0%