CLSE vs. RWR ETF Comparison

Comparison of Convergence Long/Short Equity ETF (CLSE) to SPDR DJ Wilshire REIT ETF (RWR)

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

$22.34

Average Daily Volume

47,240

Number of Holdings ^*

331

* may have additional holdings in another (foreign) market

RWR

SPDR DJ Wilshire REIT ETF

RWR Description

The investment seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of an index. In seeking to track the performance of the Dow Jones U.S. Select REIT Index (the "index"), the fund employs a replication strategy. It generally invests substantially all, but at least 80%, of its total assets in the securities comprising the index. The index is designed to provide a measure of real estate securities that serve as proxies for direct real estate investing, in part by excluding securities whose value is not always closely tied to the value of the underlying real estate. It is non-diversified.

Grade (RS Rating)

Last Trade

$104.34

Average Daily Volume

280,261

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	CLSE	RWR
30 Days	2.81%	1.28%
60 Days	8.04%	6.72%
90 Days	2.67%	14.42%
12 Months	38.57%	36.56%

11 Overlapping Holdings

Symbol	Grade	Weight in CLSE	Weight in RWR	Overlap
COLD	D	-0.15%	0.72%	-0.15%
CTRE	B	0.35%	0.46%	0.35%
EQR	C	0.41%	2.42%	0.41%
EXR	C	-0.15%	3.61%	-0.15%
IIPR	C	0.67%	0.37%	0.37%
KRG	C	-0.15%	0.55%	-0.15%
NSA	C	0.35%	0.32%	0.32%
PSA	C	-0.3%	4.41%	-0.3%
SPG	A	0.4%	4.56%	0.4%
STAG	D	0.32%	0.69%	0.32%
VNO	A	-0.18%	0.62%	-0.18%

CLSE Overweight 320 Positions Relative to RWR

Symbol	Grade	Weight
NVDA	C	3.84%
META	A	3.31%
GOOGL	B	3.08%
AVGO	C	2.7%
QCOM	D	2.56%
AMZN	C	2.37%
HPE	B	2.06%
AAPL	C	1.95%
WMT	A	1.94%
ANET	A	1.93%
CVNA	A	1.82%
NTAP	D	1.74%
CVLT	C	1.65%
ORCL	B	1.46%
APP	A	1.45%
IBM	B	1.43%
GDDY	D	1.41%
DOCU	B	1.4%
GOOG	B	1.26%
HD	A	1.22%
IDCC	A	1.17%
ACIW	B	1.16%
PYPL	C	1.07%
MU	D	1.05%
ABBV	A	1.02%
MSFT	D	1.01%
T	A	1.01%
AMG	B	1.0%
SNEX	C	1.0%
JHG	C	0.97%
NTNX	C	0.95%
AVT	C	0.95%
SYF	B	0.94%
HALO	D	0.94%
BMY	B	0.92%
GILD	A	0.91%
JNJ	D	0.91%
NTRS	C	0.89%
THC	C	0.86%
EME	C	0.86%
DVA	C	0.83%
AMRX	B	0.83%
OGN	F	0.83%
BAC	D	0.8%
MLI	C	0.78%
UHS	D	0.78%
VLO	F	0.77%
SEIC	B	0.77%
PPC	B	0.77%
MO	D	0.76%
BFH	D	0.74%
TSLA	C	0.74%
FTDR	C	0.73%
JXN	A	0.71%
PG	C	0.7%
CNC	F	0.7%
NRG	A	0.69%
BG	F	0.69%
COR	F	0.68%
CHRW	A	0.67%
ADMA	C	0.67%
IESC	B	0.66%
GVA	A	0.65%
LNG	A	0.65%
UMBF	C	0.63%
FITB	C	0.61%
PATK	C	0.61%
PNC	C	0.59%
XOM	A	0.59%
RF	C	0.59%
JPM	D	0.59%
MWA	A	0.58%
WFC	D	0.58%
CAH	B	0.58%
SLVM	C	0.58%
UNP	D	0.57%
MTZ	B	0.57%
VST	A	0.56%
MET	A	0.56%
PRIM	C	0.56%
MATX	C	0.56%
DVN	F	0.55%
REZI	D	0.55%
AVA	D	0.55%
RTX	A	0.54%
NEE	A	0.54%
LMT	A	0.54%
TSN	D	0.53%
NEM	C	0.52%
STRL	B	0.52%
OSCR	C	0.52%
RGA	C	0.52%
GM	D	0.51%
EXPE	B	0.5%
MRK	F	0.5%
PNW	A	0.48%
CNA	D	0.47%
PGR	C	0.47%
ATGE	D	0.47%
KLAC	B	0.47%
MDT	B	0.46%
LNTH	C	0.46%
LDOS	A	0.45%
CVX	B	0.45%
EXP	C	0.44%
MPC	F	0.44%
CACI	A	0.44%
SCCO	B	0.44%
VRT	B	0.42%
RGLD	C	0.41%
ACT	C	0.39%
CFG	D	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%
IBP	B	0.34%
TOL	A	0.34%
KBH	C	0.32%
J	D	0.32%
ABM	D	0.32%
NFLX	A	0.31%
SM	F	0.31%
NVR	A	0.31%
BCO	C	0.31%
AMGN	D	0.28%
GLW	B	0.28%
OUT	C	0.27%
BKNG	C	0.26%
ALNY	C	0.25%
CCL	C	0.25%
JLL	B	0.25%
ASPN	D	0.25%
ANF	F	0.24%
CVS	D	0.19%
CPNG	C	0.18%
KMB	B	0.16%
KR	C	0.16%
NTRA	A	0.15%
SPOT	B	0.14%
GRMN	D	0.09%
QQQ	C	0.0%
ADUS	D	0.0%
MHO	C	0.0%
VTRS	D	0.0%
KNF	C	0.0%
MRO	D	0.0%
HRB	C	0.0%
JOBY	D	-0.04%
CAR	D	-0.06%
PENN	D	-0.07%
PGNY	F	-0.08%
AES	B	-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	B	-0.1%
VAC	D	-0.1%
LGIH	C	-0.1%
HGV	F	-0.1%
AWR	A	-0.1%
VMC	D	-0.11%
HHH	C	-0.11%
ACVA	C	-0.11%
SBUX	B	-0.11%
SJM	C	-0.12%
ALIT	D	-0.12%
JBLU	B	-0.13%
RBLX	C	-0.13%
PCH	C	-0.14%
PPBI	F	-0.14%
MTN	D	-0.14%
MKL	C	-0.15%
DAY	B	-0.15%
AA	B	-0.15%
BIRK	F	-0.15%
PYCR	D	-0.15%
WAL	C	-0.16%
THO	B	-0.16%
WY	B	-0.16%
CC	D	-0.16%
WTRG	D	-0.16%
CHDN	D	-0.16%
OKE	B	-0.17%
OSK	F	-0.17%
AESI	B	-0.17%
ENOV	F	-0.17%
UHAL	A	-0.17%
ALGM	F	-0.17%
BEAM	F	-0.17%
KNSL	D	-0.18%
LUV	B	-0.18%
CHK	D	-0.18%
NTLA	F	-0.18%
TXG	F	-0.18%
HI	F	-0.18%
TFC	D	-0.19%
CINF	A	-0.19%
TTD	C	-0.19%
AJG	D	-0.19%
PNFP	D	-0.19%
LKQ	F	-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	F	-0.2%
KROS	B	-0.2%
CNH	B	-0.2%
GATX	F	-0.2%
BANC	D	-0.2%
GPOR	B	-0.21%
COLB	C	-0.21%
EW	F	-0.21%
IRTC	F	-0.21%
MSCI	B	-0.21%
AGCO	D	-0.21%
TREX	D	-0.21%
AIR	D	-0.21%
FLYW	F	-0.22%
WOLF	F	-0.22%
COTY	F	-0.22%
RBA	D	-0.22%
XYL	C	-0.22%
FCNCA	D	-0.22%
WTM	D	-0.22%
UEC	B	-0.22%
ARWR	F	-0.22%
DXCM	F	-0.23%
KLIC	D	-0.23%
EL	D	-0.23%
SW	C	-0.24%
RNR	A	-0.24%
SUM	D	-0.24%
BIO	B	-0.24%
AEIS	F	-0.25%
CNX	A	-0.26%
AL	D	-0.26%
HSY	D	-0.26%
C	B	-0.26%
EQT	B	-0.27%
SITE	D	-0.27%
ALB	D	-0.27%
PEN	D	-0.27%
ROIV	D	-0.27%
GMED	D	-0.28%
LW	D	-0.28%
D	A	-0.29%
CELH	F	-0.29%
GE	C	-0.29%
MRNA	F	-0.3%
NEOG	D	-0.3%
PTEN	F	-0.3%
GT	F	-0.3%
APLS	F	-0.31%
SRE	A	-0.31%
MNST	D	-0.31%
VVV	D	-0.31%
ENPH	D	-0.32%
EVTC	D	-0.32%
INSP	B	-0.32%
AUR	C	-0.34%
FDS	C	-0.34%
MKTX	C	-0.34%
ON	F	-0.34%
MARA	F	-0.34%
NDAQ	C	-0.35%
AFRM	C	-0.35%
BRZE	F	-0.36%
APO	A	-0.36%
LPLA	D	-0.37%
BA	F	-0.37%
FOUR	B	-0.37%
EXAS	C	-0.38%
LYV	A	-0.38%
RIVN	F	-0.38%
ADBE	F	-0.39%
ZBRA	A	-0.39%
RIOT	F	-0.39%
PATH	D	-0.4%
CYTK	F	-0.41%
WBD	D	-0.42%
SATS	C	-0.43%
BBIO	F	-0.43%
ZI	F	-0.44%
MDB	F	-0.44%
GLOB	B	-0.45%
DLTR	F	-0.45%
CGNX	F	-0.45%
CCOI	B	-0.45%
DV	F	-0.46%
CASY	D	-0.47%
TTWO	F	-0.47%
BILL	D	-0.48%
LBRDK	B	-0.48%
PINS	D	-0.49%
CFLT	F	-0.51%
MCHP	F	-0.52%
FIVE	D	-0.52%
FIVN	F	-0.53%
U	D	-0.53%
RH	C	-0.54%
POOL	B	-0.56%
DELL	C	-0.6%
FND	C	-0.64%
GFS	F	-0.67%
LITE	A	-0.79%
INTC	D	-0.8%
WDC	C	-0.8%
LSCC	D	-0.81%
TXN	C	-0.85%

CLSE Underweight 84 Positions Relative to RWR

Symbol	Grade	Weight
PLD	D	-9.49%
EQIX	B	-7.61%
WELL	C	-4.81%
DLR	C	-4.52%
O	A	-4.45%
AVB	C	-3.07%
VTR	C	-2.53%
INVH	D	-1.91%
ESS	C	-1.82%
ARE	D	-1.81%
MAA	C	-1.77%
DOC	C	-1.53%
SUI	D	-1.53%
KIM	C	-1.49%
WPC	C	-1.32%
UDR	C	-1.3%
CPT	C	-1.27%
ELS	D	-1.27%
HST	D	-1.22%
AMH	D	-1.16%
CUBE	C	-1.15%
BXP	C	-1.13%
REG	C	-1.12%
REXR	D	-1.06%
OHI	C	-1.0%
EGP	D	-0.88%
NNN	A	-0.85%
FRT	D	-0.83%
BRX	C	-0.79%
ADC	B	-0.72%
FR	C	-0.71%
TRNO	D	-0.63%
RHP	C	-0.63%
EPRT	C	-0.58%
PECO	C	-0.44%
IRT	C	-0.44%
CUZ	C	-0.43%
SLG	C	-0.43%
KRC	C	-0.4%
MAC	C	-0.37%
NHI	C	-0.35%
SKT	A	-0.35%
EPR	C	-0.35%
BNL	C	-0.34%
MPW	C	-0.34%
APLE	D	-0.33%
HIW	C	-0.33%
PK	D	-0.3%
LXP	D	-0.29%
DEI	A	-0.28%
FCPT	C	-0.26%
UE	C	-0.25%
AKR	C	-0.23%
SHO	D	-0.21%
EQC	D	-0.2%
ROIC	C	-0.19%
DRH	C	-0.18%
PEB	D	-0.16%
GNL	D	-0.16%
JBGS	C	-0.15%
XHR	B	-0.15%
GTY	C	-0.15%
RLJ	D	-0.14%
ESRT	C	-0.14%
UMH	C	-0.13%
ALEX	D	-0.13%
PDM	C	-0.12%
AAT	C	-0.12%
NTST	D	-0.12%
DEA	D	-0.12%
CSR	D	-0.11%
AIV	C	-0.11%
PLYM	D	-0.09%
PGRE	D	-0.09%
BDN	A	-0.09%
NXRT	D	-0.09%
SVC	F	-0.08%
DHC	B	-0.08%
INN	A	-0.07%
UHT	C	-0.06%
GMRE	C	-0.06%
HPP	F	-0.06%
CLDT	D	-0.04%
CHCT	F	-0.04%