CLSE vs. OEF ETF Comparison

Comparison of Convergence Long/Short Equity ETF (CLSE) to iShares S&P 100 ETF (OEF)

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

$21.94

Average Daily Volume

53,460

Number of Holdings ^*

326

* may have additional holdings in another (foreign) market

OEF

iShares S&P 100 ETF

OEF Description

The investment seeks to track the investment results of an index composed of 100 large-capitalization U.S. equities. 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. It seeks to track the investment results of the S&P 100Â® (the "underlying index"), which measures the performance of the large-capitalization sector of the U.S. equity market.

Grade (RS Rating)

Last Trade

$274.98

Average Daily Volume

244,202

Number of Holdings ^*

101

* may have additional holdings in another (foreign) market

Performance

Period	CLSE	OEF
30 Days	2.05%	1.62%
60 Days	4.63%	3.39%
90 Days	1.81%	4.19%
12 Months	37.03%	34.67%

48 Overlapping Holdings

Symbol	Grade	Weight in CLSE	Weight in OEF	Overlap
AAPL	C	2.26%	9.8%	2.26%
ABBV	C	1.04%	1.05%	1.04%
ADBE	F	-0.36%	0.73%	-0.36%
AMGN	B	0.55%	0.55%	0.55%
AMZN	C	2.5%	5.22%	2.5%
AVGO	C	2.58%	2.23%	2.23%
BA	F	-0.38%	0.28%	-0.38%
BAC	D	0.81%	0.8%	0.8%
BKNG	C	0.25%	0.41%	0.25%
BMY	C	0.49%	0.3%	0.3%
C	C	-0.48%	0.34%	-0.48%
CAT	B	0.33%	0.52%	0.33%
CSCO	C	-0.27%	0.62%	-0.27%
CVX	D	0.51%	0.74%	0.51%
FDX	C	0.5%	0.2%	0.2%
GE	B	-0.36%	0.6%	-0.36%
GILD	B	0.98%	0.32%	0.32%
GM	C	0.54%	0.16%	0.16%
GOOG	D	1.22%	2.36%	1.22%
GOOGL	D	2.93%	2.83%	2.83%
HD	B	1.17%	1.15%	1.15%
IBM	B	1.7%	0.6%	0.6%
INTC	F	-0.93%	0.26%	-0.93%
JNJ	C	0.96%	1.22%	0.96%
JPM	D	0.77%	1.79%	0.77%
LMT	C	0.54%	0.37%	0.37%
MET	B	0.54%	0.14%	0.14%
META	B	3.15%	3.51%	3.15%
MO	C	0.81%	0.28%	0.28%
MRK	D	0.53%	0.9%	0.53%
MS	D	-0.25%	0.38%	-0.25%
MSFT	C	1.12%	9.78%	1.12%
NEE	C	0.55%	0.53%	0.53%
NFLX	B	0.31%	0.92%	0.31%
NVDA	D	4.12%	8.95%	4.12%
ORCL	C	1.22%	0.79%	0.79%
PG	C	0.81%	1.26%	0.81%
PYPL	B	0.98%	0.22%	0.22%
QCOM	D	2.58%	0.57%	0.57%
RTX	C	0.51%	0.48%	0.48%
SPG	B	0.41%	0.16%	0.16%
T	C	1.03%	0.47%	0.47%
TSLA	C	0.59%	1.95%	0.59%
TXN	C	-0.85%	0.56%	-0.85%
UNP	C	0.57%	0.46%	0.46%
WFC	D	0.55%	0.56%	0.55%
WMT	C	2.07%	1.05%	1.05%
XOM	C	0.58%	1.52%	0.58%

CLSE Overweight 278 Positions Relative to OEF

Symbol	Grade	Weight
APP	C	2.04%
ANET	B	1.86%
CVLT	B	1.64%
NTAP	D	1.64%
GDDY	C	1.58%
CVNA	B	1.53%
HPE	D	1.52%
DOCU	C	1.21%
ACIW	B	1.12%
HALO	C	1.03%
MU	F	1.02%
AMG	C	0.98%
SNEX	B	0.95%
OGN	D	0.92%
JHG	B	0.92%
NTRS	A	0.91%
AVT	C	0.88%
UHS	B	0.87%
SYF	C	0.86%
THC	A	0.85%
AMRX	B	0.85%
NTNX	C	0.84%
DVA	B	0.82%
EME	B	0.81%
SEIC	C	0.81%
VLO	F	0.79%
MLI	A	0.75%
FTDR	B	0.75%
MPC	F	0.74%
CNC	D	0.73%
BG	D	0.72%
PPC	D	0.72%
JXN	A	0.72%
MCK	F	0.71%
UMBF	B	0.71%
IDCC	B	0.7%
RF	B	0.69%
CHRW	B	0.66%
IIPR	B	0.65%
IESC	C	0.63%
OSCR	B	0.63%
GVA	B	0.63%
NEM	B	0.62%
FITB	B	0.61%
CAH	C	0.61%
STRL	B	0.6%
VRT	C	0.59%
MUSA	D	0.59%
CFG	C	0.57%
TSN	C	0.57%
PATK	B	0.55%
PNW	C	0.55%
PGR	B	0.55%
MTZ	B	0.54%
PRIM	B	0.54%
AVA	C	0.54%
NRG	C	0.54%
SLVM	B	0.53%
MWA	B	0.53%
HRB	C	0.53%
EXPE	C	0.53%
RGA	C	0.53%
VST	C	0.53%
ADMA	B	0.49%
CNA	C	0.49%
NSA	B	0.48%
KLAC	D	0.47%
LNTH	D	0.46%
EEFT	D	0.45%
EQR	B	0.44%
RGLD	C	0.43%
REZI	D	0.43%
ACT	B	0.42%
LAMR	B	0.41%
KMB	D	0.4%
SAIC	C	0.4%
MRO	C	0.39%
SCCO	D	0.39%
LDOS	B	0.38%
FCX	D	0.38%
J	C	0.36%
CTRE	C	0.36%
BCO	B	0.36%
DVN	F	0.35%
GRMN	D	0.35%
KNF	B	0.35%
ABM	D	0.34%
TOL	B	0.34%
STAG	C	0.33%
GLW	C	0.32%
JLL	B	0.32%
ALSN	B	0.32%
ANF	D	0.32%
SM	F	0.31%
VTRS	D	0.31%
EXP	B	0.31%
NVR	B	0.3%
IBP	D	0.27%
CPNG	B	0.26%
CCL	C	0.24%
KR	C	0.17%
ADUS	B	0.15%
SPOT	B	0.13%
ALNY	C	0.12%
NTRA	C	0.12%
MHO	B	0.1%
QQQ	C	0.0%
JOBY	F	-0.04%
CAR	F	-0.05%
CRNX	C	-0.05%
MRNA	F	-0.06%
COLD	D	-0.08%
ROK	D	-0.08%
ALIT	D	-0.08%
FOXF	D	-0.08%
AES	C	-0.08%
AGL	F	-0.09%
NXST	D	-0.09%
VAC	F	-0.1%
DRVN	C	-0.1%
HGV	F	-0.1%
WOR	D	-0.1%
AWR	B	-0.1%
WTW	C	-0.1%
MCW	F	-0.1%
VMC	D	-0.11%
HHH	C	-0.11%
CC	F	-0.11%
ACVA	B	-0.11%
DRI	B	-0.11%
TXG	D	-0.11%
VFC	C	-0.12%
VAL	F	-0.12%
AAL	D	-0.12%
PGNY	F	-0.12%
AA	D	-0.12%
CGON	C	-0.12%
BC	C	-0.13%
VSAT	F	-0.14%
PPBI	D	-0.14%
CHK	D	-0.15%
RBLX	B	-0.15%
EXR	B	-0.15%
AESI	C	-0.15%
PYCR	D	-0.15%
CG	D	-0.15%
DAY	D	-0.15%
MTN	D	-0.15%
UHAL	A	-0.16%
CLDX	C	-0.16%
PCH	C	-0.16%
WTRG	D	-0.16%
BIRK	F	-0.16%
KRG	B	-0.16%
ILMN	C	-0.16%
WAL	B	-0.16%
UEC	D	-0.17%
VNO	B	-0.17%
GTLS	F	-0.17%
SJM	C	-0.17%
ENOV	D	-0.18%
KNSL	C	-0.18%
XPO	D	-0.18%
HI	F	-0.18%
BE	F	-0.19%
BANC	B	-0.19%
CZR	C	-0.19%
FCNCA	D	-0.19%
WY	C	-0.19%
CNH	D	-0.19%
LAD	D	-0.19%
COTY	F	-0.2%
COLB	B	-0.2%
TMDX	C	-0.2%
CINF	B	-0.2%
EL	F	-0.2%
TFC	C	-0.2%
LKQ	F	-0.2%
AVAV	C	-0.2%
WOLF	F	-0.2%
AJG	D	-0.21%
LUV	C	-0.21%
GPOR	D	-0.21%
SOFI	C	-0.21%
BX	B	-0.21%
RNR	C	-0.22%
SHC	C	-0.22%
IRTC	F	-0.22%
CNX	B	-0.22%
DXCM	F	-0.22%
RBA	B	-0.22%
WBA	F	-0.22%
CIEN	C	-0.22%
AEIS	D	-0.23%
TTD	B	-0.23%
WTM	D	-0.23%
SW	B	-0.23%
IPAR	F	-0.23%
XYL	C	-0.23%
DLTR	F	-0.23%
FDS	C	-0.23%
PTEN	F	-0.24%
SUM	D	-0.24%
BIO	C	-0.24%
OKE	B	-0.24%
AGCO	D	-0.24%
VSH	F	-0.25%
WAT	C	-0.25%
ALB	D	-0.26%
AL	D	-0.26%
APD	B	-0.26%
SITE	C	-0.26%
FLYW	F	-0.26%
EQT	D	-0.26%
WSC	D	-0.26%
VVV	D	-0.27%
GT	F	-0.27%
HASI	C	-0.27%
CELH	F	-0.28%
HSY	C	-0.28%
NEOG	D	-0.29%
GMED	D	-0.29%
LW	D	-0.29%
APLS	F	-0.29%
FIVN	F	-0.3%
MNST	D	-0.31%
O	C	-0.31%
INSP	C	-0.31%
RVMD	C	-0.32%
ENPH	D	-0.32%
PEN	D	-0.32%
REGN	C	-0.32%
FOUR	C	-0.33%
SRE	C	-0.33%
EVTC	D	-0.33%
RGEN	F	-0.33%
EXAS	C	-0.34%
IAC	C	-0.34%
TOST	C	-0.34%
D	C	-0.34%
LPLA	D	-0.35%
MARA	F	-0.35%
ZI	D	-0.36%
LVS	D	-0.36%
ON	D	-0.36%
KLIC	F	-0.36%
LYV	B	-0.36%
AFRM	C	-0.36%
NDAQ	A	-0.36%
WBD	D	-0.38%
RIOT	F	-0.38%
BBIO	D	-0.38%
PATH	D	-0.39%
SATS	C	-0.4%
BRZE	F	-0.4%
MKTX	C	-0.4%
RIVN	F	-0.41%
CCOI	C	-0.43%
CGNX	F	-0.43%
FIVE	D	-0.45%
TTWO	C	-0.47%
ZBRA	B	-0.48%
GLOB	D	-0.48%
GFS	F	-0.48%
LSCC	D	-0.5%
MDB	D	-0.5%
MCHP	F	-0.5%
CFLT	F	-0.5%
BILL	D	-0.5%
DV	F	-0.5%
POOL	C	-0.54%
SMCI	F	-0.55%
RH	B	-0.56%
WDC	D	-0.58%
LBRDK	F	-0.58%
FND	C	-0.59%
U	D	-0.6%
LITE	B	-0.69%

CLSE Underweight 53 Positions Relative to OEF

Symbol	Grade	Weight
BRK.A	C	-2.48%
LLY	C	-2.25%
UNH	C	-1.67%
V	C	-1.38%
MA	B	-1.24%
COST	B	-1.24%
KO	C	-0.85%
CRM	D	-0.76%
AMD	D	-0.75%
PEP	C	-0.74%
TMO	B	-0.71%
LIN	B	-0.69%
ACN	C	-0.67%
MCD	B	-0.65%
ABT	C	-0.62%
PM	C	-0.6%
VZ	B	-0.57%
INTU	C	-0.56%
DHR	B	-0.55%
PFE	C	-0.51%
DIS	D	-0.5%
GS	C	-0.47%
CMCSA	D	-0.47%
LOW	B	-0.45%
AXP	B	-0.45%
HON	D	-0.41%
BLK	B	-0.38%
COP	D	-0.37%
MDT	C	-0.36%
SBUX	C	-0.34%
AMT	C	-0.34%
TMUS	C	-0.32%
MDLZ	B	-0.31%
DE	B	-0.31%
SO	B	-0.3%
NKE	D	-0.29%
DUK	C	-0.28%
SCHW	D	-0.28%
UPS	D	-0.28%
CL	D	-0.27%
CVS	D	-0.22%
MMM	B	-0.22%
GD	B	-0.21%
USB	B	-0.21%
TGT	C	-0.21%
EMR	D	-0.18%
BK	B	-0.16%
COF	B	-0.16%
AIG	D	-0.15%
F	F	-0.13%
DOW	D	-0.11%
CHTR	D	-0.1%
KHC	C	-0.09%