FTLS vs. CLSE ETF Comparison

Comparison of First Trust Long/Short Equity (FTLS) to Convergence Long/Short Equity ETF (CLSE)
FTLS

First Trust Long/Short Equity

FTLS Description

The investment seeks to provide investors with long-term total return. Under normal circumstances, at least 80% of the fund's assets (plus the amount of any borrowing for investment purposes) will be exposed to U.S. exchange-listed equity securities of U.S. and foreign companies by investing in such securities directly and/or in U.S. exchange-traded funds ("ETFs") that provide exposure to such securities. It may invest up to 20% of its net assets (plus the amount of any borrowing for investment purposes) in U.S. exchange-listed equity index futures contracts. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$65.48

Average Daily Volume

126,492

Number of Holdings *

384

* may have additional holdings in another (foreign) market
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

$23.61

Average Daily Volume

63,574

Number of Holdings *

337

* may have additional holdings in another (foreign) market
Performance
Period FTLS CLSE
30 Days 1.66% 4.15%
60 Days 5.06% 9.66%
90 Days 4.24% 10.02%
12 Months 21.01% 40.83%
91 Overlapping Holdings
Symbol Grade Weight in FTLS Weight in CLSE Overlap
AAPL C 7.52% 1.12% 1.12%
ABM B 0.11% 0.19% 0.11%
ACIW B -0.05% 1.49% -0.05%
ACVA B -0.05% -0.12% -0.12%
ALB C -0.03% -0.16% -0.16%
ALL B 0.86% 0.45% 0.45%
ALSN B 0.2% 0.66% 0.2%
AMZN A 2.75% 2.42% 2.42%
APD B -0.69% -0.1% -0.69%
APO B -0.07% -0.35% -0.35%
AVAV C -0.07% -0.15% -0.15%
AVGO C 1.16% 2.43% 1.16%
BA F -0.08% -0.37% -0.37%
BE B -0.03% -0.21% -0.21%
BFH B 0.14% 0.91% 0.14%
BIRK F -0.03% -0.17% -0.17%
C B 2.21% -0.17% -0.17%
CARG B 0.08% 0.79% 0.08%
CCOI C -0.09% -0.36% -0.36%
CF B 0.55% 0.36% 0.36%
CFLT B -0.04% -0.52% -0.52%
COHR C -0.02% -0.34% -0.34%
COTY D -0.02% -0.16% -0.16%
EBC B 0.07% -0.18% -0.18%
EQT B -0.04% -0.22% -0.22%
EXP B 0.36% 0.48% 0.36%
FFIV B 0.4% 0.44% 0.4%
FSLR F -0.02% -1.21% -1.21%
FTDR B 0.12% 0.61% 0.12%
GATX B -0.05% -0.2% -0.2%
GE D -0.03% -0.48% -0.48%
GM B 0.13% 0.82% 0.13%
GOOG C 1.22% 0.49% 0.49%
GOOGL C 1.46% 3.45% 1.46%
HQY B -0.14% 0.07% -0.14%
IDCC B -0.13% 1.51% -0.13%
ILMN C 1.25% 0.1% 0.1%
INTC C -0.3% -0.99% -0.99%
JNJ D 1.94% 0.84% 0.84%
JPM A 0.92% 0.62% 0.62%
KNSL C 0.21% -0.17% -0.17%
KR A -0.25% 0.17% -0.25%
KRG B 0.12% -0.17% -0.17%
LNG B 1.15% 0.93% 0.93%
LPX A 0.31% 0.42% 0.31%
MATX B 0.15% 0.22% 0.15%
META B 1.84% 3.33% 1.84%
MLM B -0.49% -0.14% -0.49%
MO A 1.48% 0.76% 0.76%
MPC D 1.35% 0.45% 0.45%
MU D -0.19% 2.37% -0.19%
NEOG D -0.03% -0.29% -0.29%
NFLX A -0.14% 0.75% -0.14%
NSA D 0.11% 0.15% 0.11%
NSC B -0.28% -0.11% -0.28%
NTAP D 0.79% 1.21% 0.79%
NTRS A 0.43% 1.06% 0.43%
NVDA A 4.98% 4.52% 4.52%
NVR D 0.56% 0.25% 0.25%
ORCL A -0.82% 1.33% -0.82%
OSK B -0.04% -0.16% -0.16%
PENN B 0.39% -0.1% -0.1%
PG C -0.25% 0.44% -0.25%
PM B 1.88% 0.42% 0.42%
PNC B -0.5% 0.67% -0.5%
PPC C 0.12% 0.9% 0.12%
PRCT C -0.04% -0.19% -0.19%
QCOM F 2.01% 1.78% 1.78%
R B -0.09% 0.37% -0.09%
RH C -0.04% -0.49% -0.49%
RIVN F -0.02% -0.41% -0.41%
SAIA B -0.02% -0.22% -0.22%
SOFI B -0.05% -0.27% -0.27%
SYF B 0.8% 1.08% 0.8%
TMUS A 2.29% 0.56% 0.56%
TOL B 0.66% 0.23% 0.23%
TSLA B -0.61% 1.04% -0.61%
TTD B -0.06% -0.19% -0.19%
TTWO A -0.32% -0.5% -0.5%
TXN B -0.38% -0.87% -0.87%
UHS D 0.2% 0.71% 0.2%
UMBF B 0.16% 0.65% 0.16%
VAL D -0.06% -0.24% -0.24%
VCYT B 0.09% 0.12% 0.09%
VLO C 1.41% 0.47% 0.47%
VMC B -0.16% -0.08% -0.16%
VVV B -0.1% -0.34% -0.34%
WMT A -0.03% 1.81% -0.03%
WST B -0.06% -0.57% -0.57%
XOM B -0.45% 0.56% -0.45%
YOU D 0.1% 0.6% 0.1%
FTLS Overweight 293 Positions Relative to CLSE
Symbol Grade Weight
MSFT C 4.5%
LOW B 2.16%
ACN B 2.13%
SCHW B 2.09%
FDX B 1.66%
PH A 1.65%
CME B 1.58%
USB B 1.34%
KMI B 1.23%
CL F 1.17%
CTAS B 1.12%
BRK.A B 1.12%
TRV B 1.05%
TFC B 1.03%
HPQ B 1.03%
FIS B 0.99%
HWM B 0.97%
SYY D 0.86%
LLY F 0.86%
FANG C 0.84%
JBL C 0.79%
PBR D 0.72%
RL B 0.71%
TWLO B 0.7%
AFL C 0.69%
EAT B 0.63%
CSL B 0.6%
PNR A 0.55%
INSM C 0.55%
VLTO D 0.5%
BJ B 0.49%
FLEX B 0.48%
MAS D 0.47%
CROX F 0.46%
OKTA C 0.46%
VRSN C 0.46%
ZIM B 0.45%
GEN B 0.45%
SWK F 0.44%
NVS F 0.43%
GL B 0.41%
VICI D 0.4%
CAG F 0.4%
DBX B 0.36%
CRS B 0.35%
TTC F 0.34%
SNA A 0.33%
TKO D 0.32%
WRB B 0.32%
CCK D 0.31%
ALLY C 0.31%
JAZZ B 0.3%
PI D 0.3%
AYI A 0.29%
ASO F 0.29%
SCHV A 0.27%
IWD A 0.27%
SPYV A 0.26%
RPRX F 0.25%
EWBC B 0.25%
CNK B 0.24%
WHD B 0.22%
AIZ A 0.22%
HRB D 0.21%
MSM C 0.21%
SAM B 0.2%
EXEL B 0.2%
MGY B 0.2%
TWST F 0.19%
COLB A 0.18%
THO B 0.18%
ADMA C 0.17%
ALKS C 0.17%
SKYW B 0.16%
CALM B 0.16%
PNFP B 0.16%
SFM B 0.16%
STNG F 0.16%
GLBE B 0.16%
PRI B 0.15%
CRC B 0.15%
LEG F 0.14%
LOGI F 0.14%
AXS A 0.14%
CBT C 0.14%
ORI A 0.14%
MTG C 0.13%
GMS B 0.13%
VRNA C 0.13%
CSWI B 0.13%
PAA C 0.13%
SIGI B 0.13%
OPCH F 0.12%
WGO B 0.12%
GFF B 0.12%
ZWS B 0.12%
BFAM F 0.12%
CBSH A 0.12%
MMS F 0.11%
ENLC A 0.11%
HESM C 0.11%
AM B 0.11%
SMPL B 0.11%
GBCI B 0.1%
TBBK B 0.1%
GRBK D 0.1%
THG A 0.1%
LOPE B 0.1%
EXTR C 0.1%
TCBI B 0.1%
RDFN D 0.1%
ESNT D 0.09%
PRGS A 0.09%
DBRG F 0.09%
PAYO B 0.09%
KFY B 0.09%
FOLD F 0.09%
LCII D 0.09%
TXG F 0.09%
AZZ B 0.08%
KMPR A 0.08%
UBSI B 0.08%
PLXS C 0.08%
HAYW B 0.08%
RLI A 0.08%
EPR D 0.08%
BOH B 0.08%
LANC C 0.08%
CUBI B 0.08%
NMIH D 0.07%
FHB B 0.07%
PBH A 0.07%
BCRX D 0.07%
REVG B 0.07%
WMB B 0.07%
AVNT B 0.07%
AMPH C 0.06%
GSL F 0.06%
PLMR A 0.06%
WFG C 0.06%
ADUS D 0.06%
BRC B 0.06%
AUB A 0.06%
ICFI C 0.06%
MQ F 0.06%
ROIC A 0.06%
OTEX F 0.06%
SUPN C 0.06%
MYGN F 0.05%
COLL F 0.05%
TRMD F 0.05%
CDNA D 0.04%
VIST B -0.02%
CBU B -0.02%
HLN D -0.02%
DNB B -0.02%
KD A -0.02%
FRO D -0.02%
UWMC F -0.02%
WOLF F -0.02%
HON B -0.02%
NVEE F -0.02%
LKFN B -0.02%
AER B -0.02%
ARM D -0.02%
IBOC B -0.02%
RUN F -0.02%
VSAT F -0.02%
ASPN F -0.02%
EA A -0.02%
CVX A -0.02%
ENS D -0.02%
TFIN B -0.03%
MARA B -0.03%
RCL A -0.03%
HHH B -0.03%
UTZ F -0.03%
ICHR C -0.03%
CNNE C -0.03%
GKOS B -0.03%
AMRC F -0.03%
BVN F -0.03%
RDY F -0.03%
CLH B -0.03%
BURL C -0.03%
NWSA B -0.03%
DIOD F -0.03%
ARLO C -0.03%
OSIS B -0.03%
PAR B -0.03%
PSMT D -0.03%
AZTA F -0.03%
SDGR C -0.03%
RXST F -0.03%
TMO F -0.03%
AMD F -0.03%
AMRK F -0.03%
FAST B -0.03%
GPRE F -0.03%
SLGN B -0.03%
ATEC C -0.04%
STZ D -0.04%
CTRA B -0.04%
CRDO C -0.04%
APPN C -0.04%
AMAT F -0.04%
IRTC C -0.04%
UPST B -0.04%
FFIN B -0.04%
ERJ B -0.04%
ENR A -0.04%
AEO F -0.05%
ZD B -0.05%
VRRM D -0.05%
LYFT B -0.05%
LMND B -0.05%
COP C -0.06%
MSA D -0.06%
MMYT C -0.07%
SSB B -0.07%
CDW F -0.07%
AVY F -0.07%
KTOS B -0.07%
MUFG A -0.07%
HCA D -0.07%
DLB D -0.07%
SE B -0.07%
DY C -0.08%
VNT C -0.08%
NSIT F -0.09%
TRMB B -0.09%
NXPI F -0.09%
MAT C -0.09%
HAE B -0.1%
ING F -0.1%
GPC D -0.1%
ARGX B -0.11%
STM F -0.11%
SLB C -0.12%
HII F -0.12%
BKR B -0.13%
KEYS C -0.13%
STE D -0.13%
ABT C -0.14%
ASX F -0.15%
PKG B -0.15%
TM F -0.15%
INFY C -0.16%
SYK A -0.16%
GSK F -0.17%
IPG F -0.17%
EFX F -0.19%
BWXT B -0.19%
GWRE A -0.2%
FMX F -0.21%
URI B -0.21%
HSBC B -0.22%
PCAR B -0.22%
CCEP C -0.23%
DEO F -0.23%
TYL B -0.25%
PANW B -0.25%
OMC A -0.27%
SAP B -0.28%
GEHC D -0.28%
MMM C -0.3%
ISRG A -0.31%
UL D -0.31%
SNPS C -0.31%
WAT B -0.31%
BABA D -0.32%
LMT D -0.33%
MDLZ F -0.33%
NOW A -0.35%
ZBH C -0.36%
CMI A -0.36%
BK B -0.37%
HDB C -0.39%
ASML D -0.4%
MSI B -0.41%
MCD C -0.41%
UNH B -0.41%
WM A -0.46%
DE D -0.5%
VRSK A -0.54%
GD C -0.55%
PEP D -0.57%
ETN B -0.58%
PAYX B -0.58%
LIN D -0.6%
DIS B -0.66%
CMCSA B -0.67%
CDNS B -0.69%
FTLS Underweight 246 Positions Relative to CLSE
Symbol Grade Weight
APP B -2.93%
HPE B -1.96%
ANET C -1.92%
CVNA B -1.88%
CVLT B -1.49%
GDDY B -1.41%
DOCU B -1.34%
BMY B -1.28%
JHG A -1.16%
PYPL A -1.14%
NTNX B -1.13%
HD B -1.12%
GILD B -1.11%
SNEX B -1.06%
ABBV F -1.03%
HALO C -1.0%
PLTR B -0.9%
AMG B -0.9%
SEIC A -0.89%
AMRX B -0.87%
MLI B -0.87%
GVA B -0.84%
IESC B -0.82%
PRIM B -0.82%
THC B -0.78%
BAC A -0.78%
CAH B -0.76%
EME 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%
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%
APH B -0.67%
LDOS C -0.64%
JXN C -0.62%
IBM D -0.62%
MPWR F -0.62%
EXPE B -0.6%
FTI B -0.59%
FLR C -0.58%
CHRW A -0.58%
SLVM C -0.57%
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%
PNW A -0.48%
AVA C -0.46%
PGR A -0.46%
CNA C -0.44%
GLW B -0.44%
SCCO F -0.43%
RMD C -0.43%
CTRE C -0.42%
UI B -0.38%
SPG A -0.37%
BKNG A -0.37%
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%
EQR C -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%
EEFT C -0.22%
JLL C -0.2%
MUSA B -0.2%
BAH C -0.17%
SQ B -0.15%
MRK F -0.15%
FN C -0.14%
EXPD C -0.14%
GRMN A -0.13%
CINF A -0.12%
PRU B -0.12%
SEE C -0.11%
ANF C -0.11%
NTRA B -0.1%
UTHR B -0.08%
AEIS B -0.07%
INCY B -0.07%
LNTH F -0.05%
QQQ A -0.0%
LRCX F -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%
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%
MCW C --0.11%
DLR C --0.11%
ALIT C --0.12%
EL F --0.12%
ENPH F --0.12%
PCH F --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%
CC C --0.15%
AA C --0.15%
JBLU C --0.15%
AGCO F --0.15%
DAY B --0.15%
GTLS B --0.15%
DRVN A --0.15%
MTN C --0.16%
CZR F --0.16%
CRL C --0.16%
TREX C --0.16%
BHF B --0.16%
DAR B --0.16%
CNH D --0.16%
NXST C --0.16%
COLD F --0.16%
LGIH F --0.16%
EW F --0.16%
RNR D --0.16%
RBA B --0.17%
AL B --0.17%
UHAL D --0.17%
LKQ C --0.17%
NARI C --0.17%
AJG A --0.17%
SITE D --0.17%
XPO B --0.17%
AIR B --0.18%
SW 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%
WTM A --0.2%
CGON D --0.2%
UEC C --0.2%
SRE B --0.21%
ATO B --0.21%
AESI F --0.22%
HSY F --0.23%
GPOR B --0.23%
NOG B --0.23%
BANC B --0.23%
ARWR C --0.24%
SUM B --0.24%
ELF C --0.24%
PSA D --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%
AWK D --0.27%
FCNCA B --0.27%
PINS F --0.28%
MNST B --0.28%
FOUR B --0.28%
BILL B --0.29%
ESTC C --0.29%
GT C --0.29%
MKTX C --0.3%
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%
LPLA A --0.34%
CACC D --0.34%
ZBRA B --0.35%
DG F --0.36%
ALGM F --0.36%
INSP F --0.37%
DLTR F --0.38%
WBD B --0.39%
PATH C --0.39%
BBIO F --0.4%
ON F --0.41%
CYTK C --0.44%
U F --0.45%
MRNA F --0.46%
NWS B --0.47%
MCHP F --0.48%
SATS D --0.48%
CGNX C --0.48%
DV C --0.49%
RBLX B --0.5%
ADBE C --0.51%
FIVE F --0.51%
FND F --0.52%
ZI C --0.54%
BRZE C --0.54%
DELL C --0.55%
FIVN C --0.58%
DXCM C --0.58%
POOL D --0.58%
SMCI F --0.59%
WDC D --0.73%
LSCC D --0.76%
LITE B --0.88%
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