CLSE vs. PY ETF Comparison

Comparison of Convergence Long/Short Equity ETF (CLSE) to Principal Shareholder Yield Index ETF (PY)

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

$21.91

Average Daily Volume

54,531

Number of Holdings ^*

326

* may have additional holdings in another (foreign) market

PY

Principal Shareholder Yield Index ETF

PY Description

The Principal Shareholder Yield Index ETF tracks an index of dividend-paying large- and midcap US stocks that are selected by several fundamental factors, including dividend yield and buyback yield. Holdings are equally weighted within two tiers.

Grade (RS Rating)

Last Trade

$49.52

Average Daily Volume

3,984

Number of Holdings ^*

112

* may have additional holdings in another (foreign) market

Performance

Period	CLSE	PY
30 Days	0.37%	1.91%
60 Days	3.39%	3.09%
90 Days	0.46%	6.61%
12 Months	34.65%	23.18%

39 Overlapping Holdings

Symbol	Grade	Weight in CLSE	Weight in PY	Overlap
AAPL	D	2.26%	4.42%	2.26%
AMZN	C	2.5%	0.37%	0.37%
AVGO	C	2.58%	2.76%	2.58%
BAC	D	0.81%	1.34%	0.81%
BMY	C	0.49%	0.7%	0.49%
CAT	C	0.33%	1.11%	0.33%
CFG	D	0.57%	0.79%	0.57%
CHRW	B	0.66%	0.63%	0.63%
CINF	B	-0.2%	0.78%	-0.2%
CVX	D	0.51%	1.08%	0.51%
DRI	C	-0.11%	0.63%	-0.11%
DVN	F	0.35%	0.52%	0.35%
EQT	D	-0.26%	0.47%	-0.26%
EXR	B	-0.15%	0.87%	-0.15%
FDX	C	0.5%	0.79%	0.5%
FITB	B	0.61%	0.94%	0.61%
GLW	B	0.32%	0.82%	0.32%
HD	B	1.17%	1.55%	1.17%
HSY	C	-0.28%	0.58%	-0.28%
KR	B	0.17%	0.75%	0.17%
LMT	C	0.54%	1.02%	0.54%
MCHP	D	-0.5%	0.63%	-0.5%
MET	A	0.54%	0.81%	0.54%
MO	C	0.81%	0.93%	0.81%
MPC	D	0.74%	0.79%	0.74%
MSFT	C	1.12%	3.94%	1.12%
NDAQ	B	-0.36%	0.88%	-0.36%
NTRS	B	0.91%	0.68%	0.68%
POOL	C	-0.54%	0.57%	-0.54%
QCOM	D	2.58%	1.26%	1.26%
RF	B	0.69%	0.66%	0.66%
SPG	B	0.41%	0.93%	0.41%
SW	B	-0.23%	0.8%	-0.23%
SYF	C	0.86%	0.82%	0.82%
TFC	D	-0.2%	0.9%	-0.2%
TXN	C	-0.85%	1.11%	-0.85%
UNP	B	0.57%	0.99%	0.57%
VLO	D	0.79%	0.68%	0.68%
XOM	D	0.58%	1.76%	0.58%

CLSE Overweight 287 Positions Relative to PY

Symbol	Grade	Weight
NVDA	D	4.12%
META	A	3.15%
GOOGL	D	2.93%
WMT	B	2.07%
APP	B	2.04%
ANET	B	1.86%
IBM	B	1.7%
CVLT	B	1.64%
NTAP	D	1.64%
GDDY	C	1.58%
CVNA	B	1.53%
HPE	D	1.52%
GOOG	D	1.22%
ORCL	B	1.22%
DOCU	C	1.21%
ACIW	B	1.12%
ABBV	C	1.04%
T	B	1.03%
HALO	B	1.03%
MU	F	1.02%
GILD	B	0.98%
AMG	C	0.98%
PYPL	B	0.98%
JNJ	B	0.96%
SNEX	C	0.95%
OGN	D	0.92%
JHG	B	0.92%
AVT	D	0.88%
UHS	B	0.87%
THC	B	0.85%
AMRX	B	0.85%
NTNX	C	0.84%
DVA	B	0.82%
EME	B	0.81%
SEIC	B	0.81%
PG	C	0.81%
JPM	D	0.77%
MLI	B	0.75%
FTDR	B	0.75%
CNC	C	0.73%
BG	D	0.72%
PPC	D	0.72%
JXN	B	0.72%
MCK	F	0.71%
UMBF	B	0.71%
IDCC	B	0.7%
IIPR	B	0.65%
IESC	C	0.63%
OSCR	B	0.63%
GVA	B	0.63%
NEM	B	0.62%
CAH	C	0.61%
STRL	B	0.6%
VRT	C	0.59%
MUSA	C	0.59%
TSLA	C	0.59%
TSN	C	0.57%
PATK	B	0.55%
WFC	D	0.55%
AMGN	B	0.55%
PNW	B	0.55%
PGR	A	0.55%
NEE	B	0.55%
MTZ	B	0.54%
GM	B	0.54%
PRIM	C	0.54%
AVA	B	0.54%
NRG	C	0.54%
SLVM	B	0.53%
MWA	C	0.53%
HRB	C	0.53%
EXPE	C	0.53%
RGA	B	0.53%
VST	C	0.53%
MRK	D	0.53%
RTX	C	0.51%
ADMA	B	0.49%
CNA	C	0.49%
NSA	B	0.48%
KLAC	D	0.47%
LNTH	C	0.46%
EEFT	D	0.45%
EQR	B	0.44%
RGLD	B	0.43%
REZI	D	0.43%
ACT	A	0.42%
LAMR	A	0.41%
KMB	D	0.4%
SAIC	C	0.4%
MRO	D	0.39%
SCCO	D	0.39%
LDOS	C	0.38%
FCX	D	0.38%
J	D	0.36%
CTRE	B	0.36%
BCO	B	0.36%
GRMN	D	0.35%
KNF	B	0.35%
ABM	D	0.34%
TOL	B	0.34%
STAG	C	0.33%
JLL	B	0.32%
ALSN	B	0.32%
ANF	D	0.32%
NFLX	B	0.31%
SM	D	0.31%
VTRS	C	0.31%
EXP	B	0.31%
NVR	B	0.3%
IBP	C	0.27%
CPNG	B	0.26%
BKNG	B	0.25%
CCL	C	0.24%
ADUS	B	0.15%
SPOT	B	0.13%
ALNY	B	0.12%
NTRA	B	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	F	-0.08%
AES	C	-0.08%
AGL	F	-0.09%
NXST	D	-0.09%
VAC	F	-0.1%
DRVN	C	-0.1%
HGV	D	-0.1%
WOR	F	-0.1%
AWR	B	-0.1%
WTW	B	-0.1%
MCW	F	-0.1%
VMC	D	-0.11%
HHH	C	-0.11%
CC	F	-0.11%
ACVA	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%
AESI	C	-0.15%
PYCR	D	-0.15%
CG	C	-0.15%
DAY	D	-0.15%
MTN	D	-0.15%
UHAL	B	-0.16%
CLDX	C	-0.16%
PCH	C	-0.16%
WTRG	D	-0.16%
BIRK	D	-0.16%
KRG	B	-0.16%
ILMN	C	-0.16%
WAL	B	-0.16%
UEC	F	-0.17%
VNO	B	-0.17%
GTLS	F	-0.17%
SJM	C	-0.17%
ENOV	F	-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	C	-0.19%
LAD	C	-0.19%
COTY	F	-0.2%
COLB	B	-0.2%
TMDX	C	-0.2%
EL	F	-0.2%
LKQ	D	-0.2%
AVAV	D	-0.2%
WOLF	F	-0.2%
AJG	C	-0.21%
LUV	C	-0.21%
GPOR	C	-0.21%
SOFI	C	-0.21%
BX	B	-0.21%
RNR	B	-0.22%
SHC	B	-0.22%
IRTC	F	-0.22%
CNX	A	-0.22%
DXCM	F	-0.22%
RBA	C	-0.22%
WBA	F	-0.22%
CIEN	C	-0.22%
AEIS	D	-0.23%
TTD	B	-0.23%
WTM	F	-0.23%
IPAR	D	-0.23%
XYL	D	-0.23%
DLTR	F	-0.23%
FDS	C	-0.23%
PTEN	F	-0.24%
SUM	C	-0.24%
BIO	C	-0.24%
OKE	B	-0.24%
AGCO	D	-0.24%
MS	D	-0.25%
VSH	D	-0.25%
WAT	C	-0.25%
ALB	F	-0.26%
AL	D	-0.26%
APD	B	-0.26%
SITE	D	-0.26%
FLYW	F	-0.26%
WSC	D	-0.26%
CSCO	B	-0.27%
VVV	D	-0.27%
GT	F	-0.27%
HASI	B	-0.27%
CELH	F	-0.28%
NEOG	C	-0.29%
GMED	D	-0.29%
LW	D	-0.29%
APLS	F	-0.29%
FIVN	F	-0.3%
MNST	C	-0.31%
O	B	-0.31%
INSP	C	-0.31%
RVMD	C	-0.32%
ENPH	C	-0.32%
PEN	D	-0.32%
REGN	C	-0.32%
FOUR	C	-0.33%
SRE	B	-0.33%
EVTC	D	-0.33%
RGEN	F	-0.33%
EXAS	C	-0.34%
IAC	C	-0.34%
TOST	B	-0.34%
D	C	-0.34%
LPLA	D	-0.35%
MARA	F	-0.35%
ZI	D	-0.36%
ADBE	D	-0.36%
GE	B	-0.36%
LVS	D	-0.36%
ON	D	-0.36%
KLIC	D	-0.36%
LYV	B	-0.36%
AFRM	C	-0.36%
WBD	D	-0.38%
RIOT	F	-0.38%
BBIO	D	-0.38%
BA	F	-0.38%
PATH	D	-0.39%
SATS	B	-0.4%
BRZE	F	-0.4%
MKTX	C	-0.4%
RIVN	F	-0.41%
CCOI	C	-0.43%
CGNX	D	-0.43%
FIVE	D	-0.45%
TTWO	D	-0.47%
ZBRA	B	-0.48%
C	D	-0.48%
GLOB	D	-0.48%
GFS	F	-0.48%
LSCC	D	-0.5%
MDB	D	-0.5%
CFLT	F	-0.5%
BILL	D	-0.5%
DV	F	-0.5%
SMCI	F	-0.55%
RH	B	-0.56%
WDC	D	-0.58%
LBRDK	D	-0.58%
FND	C	-0.59%
U	D	-0.6%
LITE	B	-0.69%
INTC	F	-0.93%

CLSE Underweight 73 Positions Relative to PY

Symbol	Grade	Weight
LIN	B	-1.24%
ACN	C	-1.18%
ALL	A	-1.12%
ABT	C	-1.12%
CB	B	-1.12%
ICE	B	-1.04%
PHM	B	-1.03%
LOW	B	-1.01%
FIS	B	-1.0%
BK	A	-1.0%
PH	B	-1.0%
HIG	A	-1.0%
ADI	D	-0.97%
MMC	C	-0.97%
PNC	B	-0.96%
TRV	B	-0.95%
RSG	D	-0.92%
ADP	B	-0.92%
PLD	C	-0.9%
CMCSA	D	-0.88%
PFE	C	-0.86%
WMB	B	-0.86%
PKG	B	-0.85%
AMP	B	-0.84%
KEY	B	-0.84%
AIG	D	-0.83%
NSC	C	-0.82%
MAS	B	-0.82%
JCI	B	-0.81%
DFS	C	-0.81%
CSX	D	-0.8%
LHX	D	-0.8%
ESS	B	-0.79%
MTB	B	-0.78%
PCAR	D	-0.77%
PSX	D	-0.77%
BBY	B	-0.76%
ALLE	B	-0.75%
AVY	D	-0.73%
PAYX	C	-0.73%
TPR	C	-0.72%
MAA	B	-0.72%
VICI	C	-0.72%
CTSH	C	-0.72%
KIM	B	-0.71%
UDR	B	-0.71%
STT	A	-0.71%
ZION	D	-0.7%
DGX	B	-0.7%
FOXA	B	-0.68%
GIS	B	-0.68%
STLD	D	-0.67%
AOS	C	-0.67%
UPS	D	-0.65%
CMA	B	-0.65%
HPQ	D	-0.65%
INVH	C	-0.65%
FOX	B	-0.65%
HST	D	-0.64%
EXPD	B	-0.64%
SNA	B	-0.63%
CVS	D	-0.62%
ARE	B	-0.62%
CAG	B	-0.62%
CF	B	-0.6%
SWKS	F	-0.59%
GPC	D	-0.54%
RHI	D	-0.49%
ADM	D	-0.48%
BEN	F	-0.42%
XRAY	D	-0.39%
MOS	F	-0.37%
APA	F	-0.32%