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

$62.95

Average Daily Volume

145,566

Number of Holdings *

453

* 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

$21.56

Average Daily Volume

96,574

Number of Holdings *

343

* may have additional holdings in another (foreign) market
Performance
Period FTLS CLSE
30 Days 2.20% 1.99%
60 Days 4.37% 3.36%
90 Days 4.32% 5.51%
12 Months 21.23% 38.65%
107 Overlapping Holdings
Symbol Grade Weight in FTLS Weight in CLSE Overlap
AAPL B 4.45% 0.76% 0.76%
ACHC D -0.16% -0.19% -0.19%
ACVA D -0.02% -0.11% -0.11%
AEIS C -0.06% -0.43% -0.43%
AGL D -0.03% -0.12% -0.12%
AIG C 0.66% 0.04% 0.04%
ALB F -0.23% -0.24% -0.24%
AMG C 0.09% 0.89% 0.09%
AMR D 0.2% 0.48% 0.2%
AMZN C 2.58% 3.53% 2.58%
ANET C 1.95% 2.06% 1.95%
BA D -0.78% -0.63% -0.78%
BE D -0.05% -0.14% -0.14%
BG B 0.38% 0.72% 0.38%
BIO D -0.18% -0.2% -0.2%
BLD C 0.25% 0.28% 0.25%
BRBR D 0.15% 0.76% 0.15%
CACC C -0.06% -0.21% -0.21%
CACC C -0.04% -0.21% -0.21%
CALM A 0.09% -0.22% -0.22%
CAR F -0.11% -0.15% -0.15%
CCOI D -0.04% -0.34% -0.34%
CFLT F -0.14% -0.47% -0.47%
CG C -0.1% -0.21% -0.21%
CHK D -0.17% -0.18% -0.18%
CNC D 0.47% 0.25% 0.25%
CNH F -0.33% -0.22% -0.33%
CVLT B 0.08% 1.29% 0.08%
CVNA B -0.33% 1.31% -0.33%
DECK D 0.78% 0.18% 0.18%
DKNG F -0.26% 0.34% -0.26%
EME D 0.33% 0.69% 0.33%
EXAS F -0.16% -0.1% -0.16%
EXP D 0.14% 0.3% 0.14%
FLNC F -0.04% -0.15% -0.15%
FND F -0.16% -0.44% -0.44%
FTDR D 0.06% 0.47% 0.06%
GATX A -0.05% -0.17% -0.17%
GDDY C 0.37% 1.54% 0.37%
GFS C -0.09% -0.56% -0.56%
GILD C 1.11% 0.42% 0.42%
GLW B -0.44% 0.49% -0.44%
GO F -0.11% -0.21% -0.21%
GOOG C 1.26% 2.42% 1.26%
GOOGL C 1.49% 3.02% 1.49%
HALO B 0.11% 0.88% 0.11%
HASI C -0.03% -0.28% -0.28%
HI D -0.03% -0.19% -0.19%
HRB C 0.13% 0.25% 0.13%
IRTC D -0.16% -0.16% -0.16%
JNJ D 1.87% 0.85% 0.85%
JOBY C -0.08% -0.06% -0.08%
JPM B 0.85% 0.7% 0.7%
KNSL F 0.21% -0.14% -0.14%
KVUE F -0.68% -0.18% -0.68%
LAD D -0.08% -0.21% -0.21%
LDOS B 0.28% 0.4% 0.28%
LGIH D -0.06% -0.12% -0.12%
LHX A -0.63% -0.08% -0.63%
LITE B -0.2% -0.7% -0.7%
LLY B 0.94% 0.57% 0.57%
LNC B -0.06% -0.16% -0.16%
LOPE C 0.05% 0.22% 0.05%
MAN F 0.06% 0.19% 0.06%
MCK C 0.82% 0.75% 0.75%
META C 1.53% 1.78% 1.53%
MO A 1.21% 0.74% 0.74%
MPC F 1.07% 0.8% 0.8%
MSFT C 4.65% 3.61% 3.61%
MUSA B 0.21% 0.78% 0.21%
NFE F -0.04% -0.22% -0.22%
NFLX C 1.99% 0.74% 0.74%
NOG C -0.06% -0.24% -0.24%
NSA B -0.04% 0.39% -0.04%
NTNX D -0.14% 0.94% -0.14%
NVDA C 3.82% 4.71% 3.82%
PANW C -0.31% -0.54% -0.54%
PNM D -0.08% -0.08% -0.08%
PPC C 0.06% 0.68% 0.06%
PRCT C -0.03% -0.2% -0.2%
PRU A 0.36% 0.65% 0.36%
PSTG B -0.21% 0.51% -0.21%
QCOM C 0.28% 2.39% 0.28%
RGA A 0.15% 0.52% 0.15%
RH D -0.23% -0.52% -0.52%
RNR D 0.15% -0.25% -0.25%
RUN D -0.31% -0.16% -0.31%
SHC D -0.07% -0.15% -0.15%
SITM B -0.03% -0.65% -0.65%
SJM F -0.38% -0.25% -0.38%
SKYW B 0.08% 0.62% 0.08%
SPOT D 1.3% 0.75% 0.75%
STLD C 0.32% 0.31% 0.31%
STNG D 0.13% 0.63% 0.13%
T B -0.64% 0.91% -0.64%
TGNA C 0.07% -0.23% -0.23%
TNK D 0.05% 0.63% 0.05%
TTWO F -0.67% -0.35% -0.67%
TXG F -0.13% -0.14% -0.14%
UEC C -0.11% -0.19% -0.19%
UMBF A 0.06% 0.59% 0.06%
VC F 0.07% -0.23% -0.23%
VFC D -0.06% -0.13% -0.13%
VLO D 1.05% 0.67% 0.67%
WMT B 1.98% 1.42% 1.42%
WOLF F -0.3% -0.63% -0.63%
ZWS D 0.05% -0.09% -0.09%
FTLS Overweight 346 Positions Relative to CLSE
Symbol Grade Weight
C B 1.91%
TMUS B 1.68%
BMY F 1.62%
CMG D 1.47%
ZTS C 1.41%
TGT C 1.33%
TJX A 1.24%
PM A 1.23%
CI D 1.12%
ELV C 1.07%
BRK.A C 1.05%
AVGO B 1.02%
REGN B 0.97%
VRTX A 0.96%
UAL D 0.95%
ADSK C 0.95%
BSX B 0.95%
DAL D 0.91%
CL B 0.85%
COF C 0.81%
DVN D 0.79%
ROST A 0.69%
PH C 0.66%
ROP C 0.65%
CCI C 0.64%
EA B 0.64%
WMB B 0.62%
ECL A 0.61%
VRSK B 0.54%
MSI B 0.54%
TDG D 0.53%
CAH F 0.53%
CTAS B 0.53%
HPQ C 0.52%
NUE D 0.49%
LVS F 0.47%
HBAN C 0.46%
CF F 0.43%
AFL A 0.42%
RIO D 0.41%
PHM C 0.39%
DD B 0.38%
STT B 0.38%
HIG C 0.37%
RL C 0.36%
WAB D 0.33%
UTHR B 0.32%
WSO B 0.31%
TOL C 0.31%
VLTO D 0.3%
EPD B 0.3%
VRSN D 0.29%
CAG F 0.28%
DINO F 0.28%
MOH F 0.28%
FTV D 0.28%
CHRD D 0.28%
CHD D 0.27%
HOLX B 0.27%
NTRS B 0.27%
TXRH D 0.27%
EG C 0.26%
CPB B 0.25%
PKG C 0.25%
DBX F 0.24%
EQNR D 0.22%
ROL C 0.22%
NVT D 0.21%
SFM B 0.21%
AR D 0.21%
BBWI F 0.21%
NVR B 0.2%
PFG C 0.2%
SNX D 0.2%
CNM D 0.2%
ARCH F 0.19%
ARMK C 0.19%
ALK F 0.19%
HRL F 0.18%
LPX D 0.17%
HSIC D 0.17%
EVR A 0.16%
PFGC F 0.15%
KBH B 0.15%
NXST B 0.14%
MTH C 0.14%
CRI F 0.14%
PAA B 0.14%
MKL D 0.14%
SIG D 0.14%
BERY C 0.14%
VOYA D 0.14%
ALSN B 0.13%
BYD C 0.13%
RPM D 0.13%
AYI D 0.12%
RGLD A 0.12%
NDSN D 0.12%
CRC C 0.12%
BECN C 0.12%
CHE F 0.11%
SMG D 0.11%
PRI B 0.1%
MTG A 0.1%
OLN D 0.1%
CACI B 0.1%
DTM B 0.1%
NSIT C 0.1%
CEIX C 0.1%
AM B 0.09%
AGO C 0.09%
TPH B 0.09%
ATR D 0.09%
TMHC C 0.09%
PAGP B 0.09%
SLM C 0.09%
OZK C 0.09%
INGR D 0.09%
WGO F 0.08%
LFUS C 0.08%
PRGS C 0.08%
PINC F 0.08%
BPOP A 0.08%
COLM D 0.08%
AFG D 0.08%
AXS B 0.08%
IGT D 0.07%
HESM A 0.07%
GES D 0.07%
RBC C 0.07%
YELP F 0.07%
SMPL D 0.07%
SIGI D 0.07%
LANC D 0.06%
AVT C 0.06%
WDFC D 0.06%
KFY C 0.06%
FLO F 0.06%
LPG D 0.06%
KNTK B 0.06%
FANG B 0.06%
HELE F 0.06%
ENLC C 0.06%
WHD B 0.06%
INMD F 0.06%
PJT B 0.06%
INSW D 0.06%
CVI F 0.06%
GWW D 0.06%
GMS D 0.06%
DDS B 0.06%
ESNT B 0.06%
THG D 0.05%
CVCO C 0.05%
OXM D 0.05%
GOGL D 0.05%
ATGE A 0.05%
NEU D 0.05%
WTS D 0.05%
ASGN D 0.05%
DK F 0.05%
CBSH B 0.05%
CBT D 0.04%
AMRC D -0.01%
KRUS F -0.01%
RXST D -0.02%
TRUP C -0.02%
PRO F -0.02%
BASE F -0.02%
SSTK F -0.02%
ATSG D -0.02%
ALGT F -0.02%
OTTR D -0.02%
SILK A -0.02%
APPN D -0.02%
AKR B -0.02%
ECPG D -0.02%
MYRG D -0.02%
NEXT C -0.02%
ASPN D -0.02%
PRVA D -0.02%
RGR F -0.02%
CRGY C -0.02%
ARLO B -0.02%
INDI D -0.02%
CWT C -0.02%
MGPI F -0.02%
BOH C -0.02%
NTST D -0.02%
RC C -0.02%
GBX F -0.02%
RYN F -0.02%
FFIN C -0.02%
TRN D -0.02%
HAYW D -0.02%
NWN C -0.02%
SAH D -0.02%
EXPI D -0.02%
KWR D -0.02%
HEES D -0.02%
NVCR D -0.02%
AMRK D -0.02%
CLVT F -0.03%
CSGS D -0.03%
ORA C -0.03%
PARR F -0.03%
MRCY D -0.03%
OSIS B -0.03%
HRI D -0.03%
HTZ F -0.03%
ASAN F -0.03%
PAG C -0.03%
PAR B -0.03%
AZTA D -0.03%
EFC A -0.03%
CCS C -0.03%
LNN F -0.03%
SGRY D -0.03%
COHU C -0.03%
ATEC D -0.03%
VSEC B -0.03%
BZH C -0.03%
CNNE D -0.04%
RUSHA C -0.04%
STEP B -0.04%
EPRT B -0.04%
ENR C -0.04%
IDA C -0.04%
ROIC C -0.04%
MIR B -0.04%
LMND C -0.04%
KRC C -0.04%
ICHR C -0.04%
RDFN D -0.04%
RKT C -0.04%
CTRE B -0.04%
EYE F -0.05%
GPRE F -0.05%
BGC A -0.05%
VSAT F -0.05%
JBGS C -0.05%
SITE F -0.05%
DBRG D -0.05%
OSCR D -0.05%
MYGN B -0.05%
VIAV F -0.05%
TREX D -0.06%
IPGP D -0.06%
THS D -0.06%
SDGR F -0.06%
JBT D -0.06%
COUR F -0.06%
FSLY F -0.06%
EGP B -0.06%
GKOS A -0.06%
DXC D -0.06%
SNDR C -0.06%
SPT D -0.06%
MP F -0.06%
OI F -0.06%
ZD F -0.06%
ACMR D -0.06%
ODP F -0.06%
GMED A -0.07%
ENOV F -0.07%
WERN D -0.07%
SLGN D -0.07%
UPST D -0.07%
SYNA F -0.07%
VAL B -0.07%
GLPI B -0.07%
CWH D -0.07%
ADC B -0.07%
KMPR B -0.07%
BHF D -0.07%
VNO C -0.07%
MDU C -0.08%
FRPT C -0.08%
SONO F -0.08%
SPB D -0.08%
EXTR D -0.08%
MASI F -0.08%
KTOS B -0.08%
SLAB F -0.09%
AMBA C -0.09%
CHH C -0.09%
TPX D -0.09%
MSGE C -0.09%
JBLU C -0.1%
USFD D -0.1%
AEO D -0.1%
MGY B -0.1%
QS D -0.1%
SOFI F -0.1%
FTRE F -0.1%
NVST F -0.11%
FOXA A -0.11%
CIVI D -0.11%
CE D -0.11%
FYBR B -0.11%
KIM C -0.11%
LEG D -0.11%
COTY F -0.12%
ALIT F -0.13%
S D -0.13%
SPR B -0.13%
MAT F -0.14%
IRM B -0.14%
OMF C -0.14%
IOT C -0.14%
PZZA F -0.15%
COLD C -0.19%
FLR A -0.19%
SEDG F -0.21%
AL C -0.21%
LKQ D -0.23%
HAS D -0.24%
W F -0.24%
SAIA D -0.25%
LYFT F -0.25%
EQH A -0.26%
RIG F -0.26%
XRAY F -0.28%
SLB D -0.29%
TAP F -0.3%
AVTR D -0.3%
HUM D -0.3%
BALL D -0.31%
IPG F -0.32%
CCL C -0.34%
PLTR B -0.36%
CPAY C -0.38%
ZBH F -0.41%
VEEV D -0.48%
WHR C -0.49%
K D -0.49%
WBA F -0.5%
MMM B -0.59%
PEP D -0.66%
NOC F -0.68%
GD D -0.69%
WELL B -0.71%
ABT D -0.71%
LOW C -0.71%
STZ B -0.72%
LIN C -0.72%
FTLS Underweight 237 Positions Relative to CLSE
Symbol Grade Weight
MU C -2.5%
AMAT C -2.46%
NTAP B -1.94%
APP C -1.77%
APH B -1.53%
HPE B -1.53%
CRWD C -1.43%
IBM C -1.41%
SYF A -0.98%
CRBG C -0.9%
DOCU D -0.89%
COIN D -0.87%
MRK C -0.86%
ABBV B -0.84%
OGN C -0.81%
SEIC C -0.78%
BAC A -0.78%
ICLR B -0.75%
HD C -0.75%
SNEX B -0.74%
GM B -0.74%
PINS D -0.72%
ACIW A -0.72%
PAGS C -0.7%
PG D -0.69%
HQY D -0.68%
WFC B -0.68%
THC B -0.67%
F B -0.67%
TSN D -0.66%
PBF F -0.66%
HIMS C -0.65%
JHG B -0.65%
XOM D -0.64%
AMRX A -0.62%
AXP B -0.62%
VRT D -0.61%
OC C -0.61%
CAT D -0.6%
AMGN B -0.6%
MLI B -0.58%
NU B -0.58%
AIT C -0.57%
DY B -0.57%
STRL D -0.54%
VST C -0.54%
IESC C -0.52%
IIPR A -0.51%
UHS B -0.5%
UNP D -0.5%
DVA C -0.49%
NRG D -0.48%
LNTH B -0.48%
FITB B -0.48%
GVA C -0.48%
PNW B -0.47%
ALL D -0.47%
REZI D -0.47%
SQ D -0.46%
AVA D -0.46%
BAH B -0.46%
EEFT D -0.45%
FCX C -0.45%
NEM A -0.45%
VTRS C -0.45%
GFF D -0.44%
SLVM D -0.44%
EQR C -0.43%
CNA A -0.43%
KD C -0.43%
DPZ D -0.42%
BCO B -0.42%
FDX B -0.42%
KNF C -0.41%
MGM C -0.41%
MRO B -0.4%
GRMN C -0.39%
BCC D -0.38%
STAG B -0.35%
NEE C -0.35%
SPG B -0.34%
ANF C -0.33%
SMCI C -0.32%
ROAD C -0.32%
BKNG C -0.28%
IBP C -0.27%
J C -0.24%
PGR B -0.24%
ITRI D -0.24%
DOCS C -0.23%
UBER C -0.23%
SKT D -0.21%
NTRA B -0.2%
VCTR C -0.2%
APPF B -0.17%
FG C -0.13%
INCY B -0.12%
PFE C -0.09%
HOOD C -0.07%
IRT B --0.04%
AAL F --0.05%
DOC B --0.05%
CELH F --0.05%
CHDN B --0.06%
CWST B --0.06%
VTR A --0.06%
CMC C --0.06%
CNXC D --0.07%
JBHT D --0.07%
RRC D --0.07%
PLNT B --0.07%
TRNO B --0.08%
MCW F --0.08%
VAC F --0.08%
AWR C --0.08%
RYAN C --0.08%
BIRK C --0.09%
PENN C --0.09%
DRVN D --0.09%
AES D --0.09%
WTRG C --0.09%
AESI D --0.1%
DRI F --0.1%
WOR F --0.1%
PYCR F --0.11%
EQIX C --0.11%
ALNY A --0.11%
CRS B --0.12%
EXR B --0.12%
DAY F --0.12%
MAC C --0.12%
LUV D --0.13%
UHAL D --0.13%
AVAV D --0.13%
NOVT C --0.13%
SITC A --0.13%
AAP F --0.13%
WTM D --0.13%
XP F --0.13%
VMC C --0.14%
NARI C --0.14%
CZR D --0.15%
AJG A --0.15%
PCH F --0.15%
ROK C --0.15%
WTW B --0.15%
EL F --0.16%
XYL D --0.16%
ASB C --0.16%
CLDX D --0.16%
PPBI C --0.18%
SBCF C --0.18%
MTN F --0.18%
MSGS C --0.18%
FOXF D --0.18%
FL D --0.18%
ALLY A --0.18%
CRL D --0.19%
FMC F --0.19%
GTLS C --0.19%
IVZ C --0.19%
IPAR D --0.2%
UCBI C --0.2%
WAFD C --0.2%
PGNY D --0.2%
KNX C --0.2%
MRNA D --0.2%
FCNCA B --0.21%
APD D --0.21%
RBA B --0.21%
BANC C --0.21%
O C --0.21%
CARR B --0.21%
ARWR C --0.22%
EQT D --0.22%
HSY D --0.22%
BOKF B --0.22%
LW F --0.23%
GE D --0.23%
PEN F --0.23%
MKTX D --0.23%
WAL B --0.23%
SUM D --0.23%
OKE A --0.24%
GPOR D --0.24%
INSP F --0.24%
TSLA C --0.24%
MS A --0.25%
DAR F --0.25%
VVV B --0.25%
RCM D --0.26%
RVMD B --0.26%
SBUX F --0.26%
D C --0.27%
NDAQ B --0.28%
BX B --0.28%
DLTR F --0.29%
GS A --0.29%
MARA D --0.29%
CABO F --0.3%
FOUR C --0.3%
MC B --0.3%
APLS F --0.31%
NEOG C --0.32%
BBIO F --0.33%
SRE B --0.34%
FICO A --0.34%
FIVE F --0.34%
TECH D --0.34%
KMX C --0.35%
WBD F --0.36%
BOOT C --0.36%
DIOD C --0.37%
IAC F --0.37%
ZI F --0.37%
LBRDK D --0.38%
VSH C --0.38%
PARA D --0.39%
ADBE C --0.4%
CIEN F --0.42%
FIVN F --0.43%
U F --0.44%
RIOT F --0.44%
GLOB D --0.44%
SATS C --0.45%
INST C --0.45%
DV F --0.46%
LYV C --0.47%
COHR B --0.48%
ZBRA B --0.57%
SNPS B --0.58%
QQQ B --0.58%
CGNX C --0.65%
MCHP D --0.73%
KLIC C --0.81%
INTC D --0.83%
TXN B --0.86%
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