CLSE vs. SIZE ETF Comparison

Comparison of Convergence Long/Short Equity ETF (CLSE) to iShares MSCI USA Size Factor (SIZE)

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

$23.44

Average Daily Volume

63,574

Number of Holdings ^*

337

* may have additional holdings in another (foreign) market

SIZE

iShares MSCI USA Size Factor

SIZE Description

The investment seeks to track the performance of MSCI USA Risk Weighted Index that measures the performance of U.S. large- and mid-capitalization stocks with relatively smaller average market capitalization, before fees and expenses. The fund generally invests at least 90% of its assets in the securities of the underlying index or in depositary receipts representing securities in its underlying index. The MSCI USA Risk Weighted Index (the "underlying index") is based on a traditional market capitalization-weighted parent index, the MSCI USA Index, which includes U.S. large- and mid- capitalization stocks.

Grade (RS Rating)

Last Trade

$152.64

Average Daily Volume

4,442

Number of Holdings ^*

123

* may have additional holdings in another (foreign) market

Performance

Period	CLSE	SIZE
30 Days	4.15%	2.05%
60 Days	9.66%	5.63%
90 Days	10.02%	8.11%
12 Months	40.83%	29.47%

37 Overlapping Holdings

Symbol	Grade	Weight in CLSE	Weight in SIZE	Overlap
AAPL	C	1.12%	5.34%	1.12%
ADBE	C	-0.51%	1.68%	-0.51%
ANET	C	1.92%	0.75%	0.75%
APD	B	-0.1%	0.33%	-0.1%
APH	B	0.67%	0.51%	0.51%
ATO	B	-0.21%	0.39%	-0.21%
EME	B	0.76%	0.17%	0.17%
ENPH	F	-0.12%	0.06%	-0.12%
EQR	C	0.34%	0.17%	0.17%
EQT	B	-0.22%	0.21%	-0.22%
EW	F	-0.16%	0.23%	-0.16%
EXPD	C	0.14%	0.12%	0.12%
GOOG	C	0.49%	1.56%	0.49%
GOOGL	C	3.45%	1.79%	1.79%
GRMN	A	0.13%	0.48%	0.13%
HSY	F	-0.23%	0.15%	-0.23%
JNJ	D	0.84%	2.11%	0.84%
LPLA	A	-0.34%	0.17%	-0.34%
LRCX	F	0.0%	0.79%	0.0%
META	B	3.33%	4.23%	3.33%
MKTX	C	-0.3%	0.07%	-0.3%
MNST	B	-0.28%	0.21%	-0.28%
MPWR	F	0.62%	0.23%	0.23%
NFLX	A	0.75%	1.65%	0.75%
NTAP	D	1.21%	0.22%	0.22%
NVDA	A	4.52%	7.01%	4.52%
NVR	D	0.25%	0.52%	0.25%
POOL	D	-0.58%	0.22%	-0.58%
PSA	D	-0.24%	0.54%	-0.24%
QCOM	F	1.78%	1.2%	1.2%
RMD	C	0.43%	0.18%	0.18%
SEIC	A	0.89%	0.07%	0.07%
SMCI	F	-0.59%	0.08%	-0.59%
SRE	B	-0.21%	0.9%	-0.21%
TXN	B	-0.87%	1.43%	-0.87%
UTHR	B	0.08%	0.09%	0.08%
WST	B	-0.57%	0.12%	-0.57%

CLSE Overweight 300 Positions Relative to SIZE

Symbol	Grade	Weight
APP	B	2.93%
AVGO	C	2.43%
AMZN	A	2.42%
MU	D	2.37%
HPE	B	1.96%
CVNA	B	1.88%
WMT	A	1.81%
IDCC	B	1.51%
ACIW	B	1.49%
CVLT	B	1.49%
GDDY	B	1.41%
DOCU	B	1.34%
ORCL	A	1.33%
BMY	B	1.28%
JHG	A	1.16%
PYPL	A	1.14%
NTNX	B	1.13%
HD	B	1.12%
GILD	B	1.11%
SYF	B	1.08%
NTRS	A	1.06%
SNEX	B	1.06%
TSLA	B	1.04%
ABBV	F	1.03%
HALO	C	1.0%
LNG	B	0.93%
BFH	B	0.91%
PLTR	B	0.9%
AMG	B	0.9%
PPC	C	0.9%
AMRX	B	0.87%
MLI	B	0.87%
GVA	B	0.84%
IESC	B	0.82%
PRIM	B	0.82%
GM	B	0.82%
CARG	B	0.79%
THC	B	0.78%
BAC	A	0.78%
MO	A	0.76%
CAH	B	0.76%
DVA	C	0.75%
FITB	A	0.75%
COR	B	0.75%
NRG	C	0.74%
STRL	B	0.74%
CPNG	B	0.73%
WFC	A	0.72%
ALNY	D	0.71%
UHS	D	0.71%
CEIX	B	0.71%
AVT	C	0.7%
VRT	B	0.7%
MWA	B	0.68%
ZION	B	0.68%
RF	A	0.67%
MTZ	B	0.67%
PNC	B	0.67%
ALSN	B	0.66%
UMBF	B	0.65%
LDOS	C	0.64%
JXN	C	0.62%
JPM	A	0.62%
IBM	D	0.62%
FTDR	B	0.61%
EXPE	B	0.6%
YOU	D	0.6%
FTI	B	0.59%
FLR	C	0.58%
CHRW	A	0.58%
SLVM	C	0.57%
TMUS	A	0.56%
XOM	B	0.56%
TSN	B	0.55%
CACI	C	0.55%
UNP	D	0.53%
RGA	A	0.53%
T	A	0.53%
VST	B	0.52%
MET	C	0.51%
EXP	B	0.48%
PNW	A	0.48%
VLO	C	0.47%
AVA	C	0.46%
PGR	A	0.46%
MPC	D	0.45%
ALL	B	0.45%
CNA	C	0.44%
GLW	B	0.44%
FFIV	B	0.44%
PG	C	0.44%
SCCO	F	0.43%
PM	B	0.42%
LPX	A	0.42%
CTRE	C	0.42%
UI	B	0.38%
SPG	A	0.37%
R	B	0.37%
BKNG	A	0.37%
CF	B	0.36%
SR	C	0.36%
J	D	0.35%
DUOL	A	0.34%
OUT	B	0.34%
PTON	C	0.34%
RGLD	C	0.34%
CCL	B	0.34%
NEM	F	0.32%
LAMR	D	0.31%
CNC	F	0.31%
MDT	D	0.3%
CVS	F	0.29%
IIPR	F	0.29%
ATGE	C	0.29%
IBP	F	0.26%
TOL	B	0.23%
MATX	B	0.22%
EEFT	C	0.22%
JLL	C	0.2%
MUSA	B	0.2%
ABM	B	0.19%
KR	A	0.17%
BAH	C	0.17%
SQ	B	0.15%
MRK	F	0.15%
NSA	D	0.15%
FN	C	0.14%
VCYT	B	0.12%
CINF	A	0.12%
PRU	B	0.12%
SEE	C	0.11%
ANF	C	0.11%
NTRA	B	0.1%
ILMN	C	0.1%
AEIS	B	0.07%
INCY	B	0.07%
HQY	B	0.07%
LNTH	F	0.05%
QQQ	A	0.0%
PATK	C	0.0%
SO	D	0.0%
HGV	B	-0.06%
EXAS	F	-0.07%
RYN	F	-0.07%
CCS	F	-0.07%
HUN	F	-0.08%
AES	F	-0.08%
VMC	B	-0.08%
FLYW	B	-0.08%
GNTX	C	-0.09%
BC	D	-0.09%
JOE	F	-0.09%
FL	F	-0.09%
ABG	B	-0.1%
REXR	F	-0.1%
PENN	B	-0.1%
NSC	B	-0.11%
MCW	C	-0.11%
DLR	C	-0.11%
ALIT	C	-0.12%
EL	F	-0.12%
PCH	F	-0.12%
ACVA	B	-0.12%
EQIX	B	-0.12%
MKL	A	-0.13%
BECN	B	-0.13%
PYCR	B	-0.14%
BPOP	C	-0.14%
AGO	B	-0.14%
EXR	D	-0.14%
MLM	B	-0.14%
CC	C	-0.15%
AA	C	-0.15%
JBLU	C	-0.15%
AGCO	F	-0.15%
DAY	B	-0.15%
GTLS	B	-0.15%
AVAV	C	-0.15%
DRVN	A	-0.15%
MTN	C	-0.16%
CZR	F	-0.16%
CRL	C	-0.16%
OSK	B	-0.16%
TREX	C	-0.16%
BHF	B	-0.16%
COTY	D	-0.16%
DAR	B	-0.16%
CNH	D	-0.16%
NXST	C	-0.16%
COLD	F	-0.16%
LGIH	F	-0.16%
ALB	C	-0.16%
RNR	D	-0.16%
C	B	-0.17%
RBA	B	-0.17%
AL	B	-0.17%
UHAL	D	-0.17%
LKQ	C	-0.17%
NARI	C	-0.17%
KRG	B	-0.17%
AJG	A	-0.17%
KNSL	C	-0.17%
SITE	D	-0.17%
XPO	B	-0.17%
BIRK	F	-0.17%
AIR	B	-0.18%
SW	B	-0.18%
EBC	B	-0.18%
MASI	B	-0.18%
MDGL	C	-0.19%
XYL	F	-0.19%
CHDN	B	-0.19%
ENOV	C	-0.19%
WAL	B	-0.19%
BRKR	F	-0.19%
TEX	D	-0.19%
PRCT	C	-0.19%
TTD	B	-0.19%
GATX	B	-0.2%
WTM	A	-0.2%
CGON	D	-0.2%
UEC	C	-0.2%
BE	B	-0.21%
SAIA	B	-0.22%
AESI	F	-0.22%
GPOR	B	-0.23%
NOG	B	-0.23%
BANC	B	-0.23%
ARWR	C	-0.24%
SUM	B	-0.24%
VAL	D	-0.24%
ELF	C	-0.24%
KEY	B	-0.25%
LYV	A	-0.25%
MSCI	B	-0.26%
LW	B	-0.26%
TEAM	B	-0.26%
CELH	F	-0.26%
WTRG	C	-0.26%
ABNB	C	-0.27%
AUR	D	-0.27%
PTEN	C	-0.27%
SOFI	B	-0.27%
AWK	D	-0.27%
FCNCA	B	-0.27%
PINS	F	-0.28%
FOUR	B	-0.28%
NEOG	D	-0.29%
BILL	B	-0.29%
ESTC	C	-0.29%
GT	C	-0.29%
XP	F	-0.3%
NDAQ	B	-0.3%
MDB	C	-0.3%
STNE	F	-0.31%
BEN	C	-0.31%
AFRM	B	-0.31%
APLS	F	-0.31%
GTLB	B	-0.32%
VVV	B	-0.34%
COHR	C	-0.34%
CACC	D	-0.34%
ZBRA	B	-0.35%
APO	B	-0.35%
CCOI	C	-0.36%
DG	F	-0.36%
ALGM	F	-0.36%
INSP	F	-0.37%
BA	F	-0.37%
DLTR	F	-0.38%
WBD	B	-0.39%
PATH	C	-0.39%
BBIO	F	-0.4%
RIVN	F	-0.41%
ON	F	-0.41%
CYTK	C	-0.44%
U	F	-0.45%
MRNA	F	-0.46%
NWS	B	-0.47%
MCHP	F	-0.48%
GE	D	-0.48%
SATS	D	-0.48%
CGNX	C	-0.48%
RH	C	-0.49%
DV	C	-0.49%
RBLX	B	-0.5%
TTWO	A	-0.5%
FIVE	F	-0.51%
FND	F	-0.52%
CFLT	B	-0.52%
ZI	C	-0.54%
BRZE	C	-0.54%
DELL	C	-0.55%
FIVN	C	-0.58%
DXCM	C	-0.58%
WDC	D	-0.73%
LSCC	D	-0.76%
LITE	B	-0.88%
INTC	C	-0.99%
FSLR	F	-1.21%

CLSE Underweight 86 Positions Relative to SIZE

Symbol	Grade	Weight
MSFT	C	-4.46%
V	A	-4.36%
MA	B	-4.13%
LLY	F	-3.71%
UNH	B	-2.85%
COST	B	-2.59%
TJX	A	-1.94%
ADP	A	-1.74%
CSCO	A	-1.71%
COP	C	-1.67%
ACN	B	-1.63%
KO	F	-1.45%
CAT	B	-1.39%
NKE	F	-1.35%
AMAT	F	-1.29%
CMG	B	-1.23%
LIN	D	-1.14%
PEP	D	-1.12%
LMT	D	-1.11%
BLK	A	-0.96%
SLB	C	-0.87%
KLAC	F	-0.83%
MMC	D	-0.73%
PLD	D	-0.71%
ITW	B	-0.71%
DHI	D	-0.71%
VRTX	B	-0.67%
PEG	C	-0.65%
LULU	B	-0.62%
CTAS	B	-0.61%
CDNS	B	-0.59%
GWW	B	-0.58%
SHW	A	-0.57%
TPL	B	-0.57%
SNPS	C	-0.53%
MCO	C	-0.52%
CME	B	-0.51%
MMM	C	-0.51%
PAYX	B	-0.5%
ZTS	D	-0.5%
ED	D	-0.49%
DECK	B	-0.48%
TSCO	D	-0.44%
PHM	D	-0.43%
FAST	B	-0.41%
AFL	C	-0.39%
CBRE	B	-0.35%
ODFL	B	-0.34%
ULTA	C	-0.32%
AMP	A	-0.31%
IDXX	F	-0.3%
CSGP	F	-0.28%
WSM	F	-0.28%
FERG	B	-0.28%
BBY	C	-0.27%
ACGL	C	-0.25%
AVB	B	-0.24%
VLTO	D	-0.21%
A	F	-0.21%
MANH	C	-0.2%
ROK	B	-0.2%
EA	A	-0.19%
APA	F	-0.18%
TROW	A	-0.18%
KEYS	C	-0.17%
VEEV	B	-0.17%
PPG	F	-0.15%
CBOE	D	-0.14%
WAT	B	-0.14%
WSO	B	-0.12%
FDS	A	-0.12%
OMC	A	-0.11%
ROL	C	-0.11%
MOH	F	-0.1%
PKG	B	-0.1%
GGG	B	-0.1%
ERIE	F	-0.09%
RS	C	-0.09%
JKHY	C	-0.09%
AVY	F	-0.08%
PAYC	B	-0.08%
AFG	A	-0.06%
AOS	F	-0.06%
SOLV	C	-0.05%
IPG	F	-0.05%
WBA	D	-0.03%