CLSE vs. VUSE ETF Comparison

Comparison of Convergence Long/Short Equity ETF (CLSE) to Vident Core US Equity ETF (VUSE)

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

$21.68

Average Daily Volume

54,531

Number of Holdings ^*

326

* may have additional holdings in another (foreign) market

VUSE

Vident Core US Equity ETF

VUSE Description

The investment seeks to track the price and total return performance, before fees and expenses, of the Vident Core U.S. Equity Index (the "Strategy Index"). Under normal circumstances, at least 80% of the fund's total assets will be invested in the component securities of the Strategy Index and investments that have economic characteristics that are substantially identical to the economic characteristics of such component securities. Strategy Index construction begins by establishing an initial universe of U.S. equity securities of companies with a market capitalization greater than $500 million and meeting certain minimum liquidity requirements.

Grade (RS Rating)

Last Trade

$55.88

Average Daily Volume

17,608

Number of Holdings ^*

127

* may have additional holdings in another (foreign) market

Performance

Period	CLSE	VUSE
30 Days	0.37%	1.06%
60 Days	3.39%	2.08%
90 Days	0.46%	3.74%
12 Months	34.65%	17.65%

40 Overlapping Holdings

Symbol	Grade	Weight in CLSE	Weight in VUSE	Overlap
AAPL	D	2.26%	1.98%	1.98%
ABBV	C	1.04%	1.27%	1.04%
ADBE	D	-0.36%	1.06%	-0.36%
AMZN	C	2.5%	2.69%	2.5%
ANET	B	1.86%	0.4%	0.4%
AVGO	C	2.58%	1.85%	1.85%
BAC	D	0.81%	1.77%	0.81%
BKNG	B	0.25%	1.29%	0.25%
CAT	C	0.33%	0.69%	0.33%
CVLT	B	1.64%	0.61%	0.61%
CVX	D	0.51%	1.89%	0.51%
DOCU	C	1.21%	0.23%	0.23%
EME	B	0.81%	0.64%	0.64%
GOOGL	D	2.93%	0.92%	0.92%
HD	B	1.17%	2.02%	1.17%
IDCC	B	0.7%	0.62%	0.62%
IESC	C	0.63%	0.47%	0.47%
JLL	B	0.32%	0.48%	0.32%
JNJ	B	0.96%	2.02%	0.96%
JPM	D	0.77%	1.9%	0.77%
JXN	B	0.72%	0.61%	0.61%
KLAC	D	0.47%	0.89%	0.47%
LSCC	D	-0.5%	0.46%	-0.5%
META	A	3.15%	1.0%	1.0%
MO	C	0.81%	1.01%	0.81%
MRK	D	0.53%	1.92%	0.53%
MSFT	C	1.12%	2.0%	1.12%
NFLX	B	0.31%	1.26%	0.31%
NRG	C	0.54%	0.53%	0.53%
NVDA	D	4.12%	1.69%	1.69%
ON	D	-0.36%	0.42%	-0.36%
ORCL	B	1.22%	2.25%	1.22%
PG	C	0.81%	1.32%	0.81%
SCCO	D	0.39%	0.0%	0.0%
SEIC	B	0.81%	0.1%	0.1%
SPG	B	0.41%	0.13%	0.13%
T	B	1.03%	1.11%	1.03%
VST	C	0.53%	0.29%	0.29%
WMT	B	2.07%	2.12%	2.07%
XOM	D	0.58%	1.89%	0.58%

CLSE Overweight 286 Positions Relative to VUSE

Symbol	Grade	Weight
QCOM	D	2.58%
APP	B	2.04%
IBM	B	1.7%
NTAP	D	1.64%
GDDY	C	1.58%
CVNA	B	1.53%
HPE	D	1.52%
GOOG	D	1.22%
ACIW	B	1.12%
HALO	B	1.03%
MU	F	1.02%
GILD	B	0.98%
AMG	C	0.98%
PYPL	B	0.98%
SNEX	C	0.95%
OGN	D	0.92%
JHG	B	0.92%
NTRS	B	0.91%
AVT	D	0.88%
UHS	B	0.87%
SYF	C	0.86%
THC	B	0.85%
AMRX	B	0.85%
NTNX	C	0.84%
DVA	B	0.82%
VLO	D	0.79%
MLI	B	0.75%
FTDR	B	0.75%
MPC	D	0.74%
CNC	C	0.73%
BG	D	0.72%
PPC	D	0.72%
MCK	F	0.71%
UMBF	B	0.71%
RF	B	0.69%
CHRW	B	0.66%
IIPR	B	0.65%
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	C	0.59%
TSLA	C	0.59%
CFG	D	0.57%
TSN	C	0.57%
UNP	B	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%
LMT	C	0.54%
GM	B	0.54%
PRIM	C	0.54%
AVA	B	0.54%
MET	A	0.54%
SLVM	B	0.53%
MWA	C	0.53%
HRB	C	0.53%
EXPE	C	0.53%
RGA	B	0.53%
RTX	C	0.51%
FDX	C	0.5%
BMY	C	0.49%
ADMA	B	0.49%
CNA	C	0.49%
NSA	B	0.48%
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%
LDOS	C	0.38%
FCX	D	0.38%
J	D	0.36%
CTRE	B	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	B	0.32%
ALSN	B	0.32%
ANF	D	0.32%
SM	D	0.31%
VTRS	C	0.31%
EXP	B	0.31%
NVR	B	0.3%
IBP	C	0.27%
CPNG	B	0.26%
CCL	C	0.24%
KR	B	0.17%
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%
DRI	C	-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	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%
CINF	B	-0.2%
EL	F	-0.2%
TFC	D	-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%
SW	B	-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%
EQT	D	-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%
HSY	C	-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%
GE	B	-0.36%
LVS	D	-0.36%
KLIC	D	-0.36%
LYV	B	-0.36%
AFRM	C	-0.36%
NDAQ	B	-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%
MDB	D	-0.5%
MCHP	D	-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	D	-0.58%
FND	C	-0.59%
U	D	-0.6%
LITE	B	-0.69%
TXN	C	-0.85%
INTC	F	-0.93%

CLSE Underweight 87 Positions Relative to VUSE

Symbol	Grade	Weight
V	B	-2.15%
MA	B	-2.12%
KO	B	-1.95%
CMG	C	-1.3%
MSI	C	-1.29%
ECL	B	-1.28%
AMAT	D	-1.18%
UBER	C	-1.18%
SNPS	D	-1.17%
LLY	C	-1.13%
SBUX	C	-1.05%
ADP	B	-1.04%
MCD	C	-1.02%
SHW	B	-1.01%
MAR	C	-0.99%
TJX	C	-0.99%
COST	C	-0.84%
SYK	C	-0.74%
ZTS	B	-0.74%
TMUS	C	-0.72%
FTNT	C	-0.71%
ITW	B	-0.71%
WDAY	D	-0.69%
ERIE	A	-0.66%
AYI	B	-0.63%
NOW	A	-0.62%
AMP	B	-0.62%
FICO	A	-0.61%
TDG	B	-0.6%
NYT	C	-0.6%
CTAS	C	-0.6%
PIPR	B	-0.6%
EQH	C	-0.59%
BOX	B	-0.58%
AMR	F	-0.57%
RMD	C	-0.56%
NKE	D	-0.56%
POWL	C	-0.55%
UTHR	C	-0.55%
EPAC	B	-0.55%
DBRG	D	-0.54%
IT	B	-0.53%
CRUS	D	-0.53%
FAST	C	-0.52%
PAYX	C	-0.52%
DFIN	B	-0.51%
CORT	B	-0.51%
RDDT	D	-0.51%
EXEL	B	-0.51%
GWW	B	-0.51%
MTG	B	-0.5%
PLMR	B	-0.5%
YELP	F	-0.49%
SHO	D	-0.49%
MSCI	C	-0.49%
EA	D	-0.49%
PLAB	F	-0.48%
ODFL	C	-0.48%
TREX	F	-0.48%
MTD	D	-0.48%
JKHY	B	-0.45%
CASH	B	-0.43%
QLYS	F	-0.43%
A	C	-0.42%
BSX	B	-0.41%
EOG	D	-0.4%
ACLS	F	-0.39%
RMBS	F	-0.38%
MANH	B	-0.37%
PLTR	B	-0.37%
OTTR	D	-0.36%
CSL	C	-0.35%
NSSC	F	-0.29%
CRWD	F	-0.26%
PANW	D	-0.25%
BMI	B	-0.24%
DBX	D	-0.24%
VRSK	D	-0.23%
AOS	C	-0.23%
HCC	F	-0.23%
TRIP	F	-0.22%
PINS	F	-0.22%
MEDP	D	-0.21%
APPF	D	-0.16%
PSTG	F	-0.14%
ABNB	D	-0.14%
CMCSA	D	-0.13%