CLSE vs. SAGP ETF Comparison

Comparison of Convergence Long/Short Equity ETF (CLSE) to Strategas Global Policy Opportunities ETF (SAGP)

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

66,024

Number of Holdings ^*

337

* may have additional holdings in another (foreign) market

SAGP

Strategas Global Policy Opportunities ETF

SAGP Description

Strategas Global Policy Opportunities ETF is an exchange traded fund launched by The Advisors' Inner Circle Fund III. The fund is co-managed by Strategas Asset Management, LLC and Vident Investment Advisory, LLC. It invests in public equity markets of global region. The fund invests in stocks of companies operating across diversified sectors. It invests in growth and value stocks of companies across diversified market capitalization. Strategas Global Policy Opportunities ETF is domiciled in the United States.

Grade (RS Rating)

Last Trade

$30.41

Average Daily Volume

2,103

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	CLSE	SAGP
30 Days	4.69%	2.29%
60 Days	6.81%	2.33%
90 Days	9.38%	3.29%
12 Months	39.93%	25.60%

19 Overlapping Holdings

Symbol	Grade	Weight in CLSE	Weight in SAGP	Overlap
AIR	B	-0.19%	0.2%	-0.19%
AVAV	D	-0.13%	0.2%	-0.13%
CEIX	A	0.7%	0.26%	0.26%
DVA	B	0.78%	1.92%	0.78%
FLR	B	0.21%	0.22%	0.21%
FOXA	B	0.14%	2.1%	0.14%
GILD	C	1.07%	1.46%	1.07%
HQY	B	0.07%	0.26%	0.07%
IDCC	A	1.51%	0.27%	0.27%
INCY	C	0.07%	2.02%	0.07%
LDOS	C	0.55%	2.16%	0.55%
LNTH	D	0.0%	0.16%	0.0%
LSCC	D	-0.7%	0.23%	-0.7%
MASI	A	-0.17%	0.28%	-0.17%
MATX	C	0.22%	0.22%	0.22%
MO	A	0.79%	1.95%	0.79%
PLTR	B	1.02%	1.59%	1.02%
SLVM	B	0.5%	0.23%	0.23%
VRTX	F	0.23%	1.79%	0.23%

CLSE Overweight 318 Positions Relative to SAGP

Symbol	Grade	Weight
NVDA	C	4.61%
GOOGL	C	3.47%
META	D	3.3%
AMZN	C	2.53%
AVGO	D	2.28%
APP	B	2.25%
MU	D	2.13%
HPE	B	1.92%
CVNA	B	1.85%
ANET	C	1.83%
WMT	A	1.82%
QCOM	F	1.73%
GDDY	A	1.42%
CVLT	B	1.4%
DOCU	A	1.37%
PYPL	B	1.33%
ORCL	B	1.33%
ACIW	B	1.3%
TSLA	B	1.22%
JHG	A	1.21%
NTNX	A	1.16%
HD	A	1.13%
SYF	B	1.11%
BMY	B	1.11%
NTRS	A	1.08%
SNEX	B	1.06%
NTAP	C	1.0%
LNG	B	0.97%
SEIC	B	0.95%
HALO	F	0.9%
AMRX	C	0.9%
BFH	B	0.88%
GM	B	0.87%
COR	B	0.86%
CAH	B	0.86%
PPC	C	0.85%
GVA	A	0.84%
MLI	C	0.84%
CARG	C	0.83%
AAPL	C	0.83%
JNJ	D	0.83%
BAC	A	0.81%
PRIM	A	0.8%
NFLX	A	0.79%
THC	D	0.78%
FITB	A	0.78%
IESC	B	0.77%
CPNG	D	0.77%
EME	C	0.75%
WFC	A	0.75%
CNX	A	0.74%
FTI	A	0.74%
UTHR	C	0.73%
PNC	B	0.72%
ABBV	D	0.72%
RF	A	0.72%
STRL	B	0.71%
ZION	B	0.71%
CMA	A	0.71%
NRG	B	0.71%
UHS	D	0.7%
TMUS	B	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%
BLK	C	0.65%
JPM	A	0.64%
CHRW	C	0.61%
EXPE	B	0.61%
TSN	B	0.6%
FFIV	B	0.6%
FTDR	A	0.58%
AMG	B	0.58%
VST	B	0.55%
RGA	A	0.55%
GLW	B	0.52%
MET	A	0.52%
GOOG	C	0.49%
UI	A	0.49%
EXP	A	0.48%
CACI	D	0.48%
PNW	B	0.48%
AVA	A	0.47%
UNP	C	0.47%
PGR	A	0.46%
DUOL	A	0.45%
PG	A	0.45%
ALL	A	0.45%
BKNG	A	0.44%
LPX	B	0.43%
CTRE	D	0.42%
SCCO	F	0.41%
RMD	C	0.4%
JXN	C	0.39%
SR	A	0.38%
R	B	0.38%
SPG	B	0.37%
CNA	B	0.37%
CF	B	0.37%
GRMN	B	0.37%
OUT	A	0.36%
EQR	B	0.35%
CCL	B	0.35%
CDP	C	0.34%
RGLD	C	0.32%
CNC	D	0.31%
PTON	B	0.31%
LAMR	D	0.31%
J	F	0.31%
MPWR	F	0.3%
CVS	D	0.29%
VLO	C	0.29%
T	A	0.29%
MDT	D	0.29%
IIPR	D	0.28%
APA	D	0.25%
NVR	D	0.24%
NEM	D	0.22%
TOL	B	0.22%
EEFT	B	0.22%
JLL	D	0.2%
MUSA	A	0.2%
ABM	B	0.19%
BAH	F	0.18%
KR	B	0.17%
NTRA	B	0.17%
BOX	B	0.17%
JAZZ	B	0.16%
EXPD	D	0.14%
FN	D	0.13%
PRU	A	0.13%
VCTR	B	0.12%
VCYT	B	0.12%
CINF	A	0.12%
CDE	D	0.11%
ILMN	D	0.1%
AEIS	B	0.07%
QQQ	B	0.0%
LRCX	F	0.0%
PENN	C	-0.05%
KNX	B	-0.06%
HGV	B	-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	C	-0.08%
GNTX	C	-0.09%
JBLU	F	-0.09%
NSC	B	-0.1%
MCW	B	-0.1%
ABG	B	-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	D	-0.12%
DLR	B	-0.13%
EXR	D	-0.13%
STLD	B	-0.13%
ALIT	C	-0.13%
VMC	B	-0.13%
MLM	B	-0.13%
BPOP	B	-0.14%
PYCR	C	-0.14%
DAY	B	-0.14%
REXR	F	-0.14%
ARWR	F	-0.14%
MKL	A	-0.14%
AA	B	-0.14%
EQIX	A	-0.14%
CZR	F	-0.15%
COLD	D	-0.15%
APD	A	-0.15%
GTLS	B	-0.15%
CRL	C	-0.15%
RNR	C	-0.15%
DRVN	B	-0.15%
NARI	C	-0.16%
FIVN	C	-0.16%
BHF	B	-0.16%
XPO	B	-0.16%
OSK	B	-0.16%
LGIH	D	-0.16%
DAR	C	-0.16%
ALB	C	-0.16%
UHAL	D	-0.16%
AGO	B	-0.16%
EW	C	-0.16%
SITE	D	-0.16%
SW	A	-0.17%
TEX	D	-0.17%
TREX	C	-0.17%
MDGL	B	-0.17%
LKQ	D	-0.17%
AJG	B	-0.17%
KRG	B	-0.17%
ENOV	C	-0.18%
CHDN	B	-0.18%
UEC	B	-0.18%
EBC	B	-0.18%
AGCO	D	-0.18%
COTY	F	-0.18%
AL	B	-0.18%
CNH	C	-0.18%
BRKR	D	-0.18%
C	A	-0.19%
WAL	B	-0.19%
KNSL	B	-0.2%
SRE	A	-0.2%
GATX	A	-0.2%
BIRK	D	-0.2%
BE	B	-0.21%
AESI	B	-0.21%
NOG	A	-0.21%
WTM	A	-0.21%
PRCT	B	-0.22%
BANC	A	-0.22%
MTN	C	-0.22%
SAIA	B	-0.22%
SUM	B	-0.22%
EQT	B	-0.23%
PSA	D	-0.23%
XYL	D	-0.23%
WTRG	B	-0.24%
ELF	C	-0.24%
IONS	F	-0.24%
GPOR	B	-0.24%
CELH	F	-0.24%
HSY	F	-0.24%
DELL	C	-0.25%
LW	C	-0.25%
KEY	B	-0.25%
BILL	A	-0.26%
NEOG	F	-0.26%
AUR	C	-0.26%
AWK	D	-0.26%
VAL	D	-0.27%
FOUR	B	-0.27%
STNE	F	-0.27%
TEAM	A	-0.27%
MSCI	C	-0.27%
PTEN	C	-0.27%
MNST	C	-0.28%
SOFI	A	-0.28%
ESTC	C	-0.29%
MDB	C	-0.29%
XP	F	-0.29%
MKTX	D	-0.29%
CYTK	F	-0.3%
LYV	A	-0.3%
NDAQ	A	-0.3%
APLS	D	-0.3%
APTV	D	-0.32%
GTLB	B	-0.32%
VVV	F	-0.33%
CCOI	B	-0.33%
LPLA	A	-0.34%
ZBRA	B	-0.34%
ABNB	C	-0.34%
INSP	D	-0.34%
FCNCA	A	-0.35%
APO	B	-0.35%
AFRM	B	-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	D	-0.41%
U	C	-0.41%
RIVN	F	-0.42%
TTWO	A	-0.43%
WBD	C	-0.43%
SNPS	B	-0.44%
ALGM	D	-0.45%
DV	C	-0.45%
CGNX	C	-0.45%
GE	D	-0.46%
CDNS	B	-0.46%
MRNA	F	-0.47%
SMCI	F	-0.47%
RH	B	-0.47%
CFLT	B	-0.47%
CHTR	C	-0.48%
CSCO	B	-0.52%
FND	C	-0.53%
BRZE	C	-0.56%
FIVE	F	-0.56%
NWS	B	-0.57%
WST	C	-0.59%
LITE	B	-0.6%
POOL	C	-0.61%
MCHP	D	-0.63%
DXCM	D	-0.63%
WDC	D	-0.65%
ROP	B	-0.7%
TXN	C	-0.81%
INTC	D	-0.93%
FSLR	F	-1.26%

CLSE Underweight 58 Positions Relative to SAGP

Symbol	Grade	Weight
AXON	A	-3.06%
FICO	B	-2.44%
IP	B	-2.32%
DPZ	C	-2.05%
EMN	D	-1.9%
YUM	B	-1.88%
VRSN	F	-1.85%
GD	F	-1.79%
LMT	D	-1.78%
NOC	D	-1.77%
TXT	D	-1.73%
BGNE	D	-1.71%
AOS	F	-1.66%
MTCH	D	-1.56%
MSI	B	-1.51%
BIIB	F	-1.44%
LYB	F	-1.35%
LOGI	D	-1.35%
NVS	D	-1.35%
HII	D	-1.3%
GEO	B	-0.41%
CENX	B	-0.35%
CXW	B	-0.32%
MP	B	-0.28%
MD	B	-0.27%
NGVT	B	-0.27%
RMBS	C	-0.26%
EXEL	B	-0.26%
LRN	A	-0.25%
ARCH	B	-0.25%
PRDO	B	-0.24%
ATGE	B	-0.23%
FHI	A	-0.23%
PBI	B	-0.22%
DVAX	C	-0.22%
DBX	B	-0.22%
PRI	A	-0.22%
RAMP	C	-0.22%
MTRN	C	-0.21%
GKOS	B	-0.21%
SMG	D	-0.21%
YELP	C	-0.21%
SEM	B	-0.21%
CC	C	-0.2%
CHE	D	-0.19%
VTOL	B	-0.19%
SAIC	F	-0.19%
KOP	C	-0.19%
NBIX	C	-0.19%
STRA	C	-0.19%
MMS	F	-0.18%
HRB	D	-0.18%
HRMY	D	-0.18%
AMED	F	-0.18%
ADUS	D	-0.18%
SSTK	F	-0.17%
PII	D	-0.16%
MYGN	F	-0.11%