KVLE vs. CLSE ETF Comparison

Comparison of KFA Value Line Dynamic Core Equity Index ETF (KVLE) to Convergence Long/Short Equity ETF (CLSE)

KVLE

KFA Value Line Dynamic Core Equity Index ETF

KVLE Description

The investment seeks to provide investment results that, before fees and expenses, correspond generally to the price and yield performance of a specific equity securities index, the Value Line®Dynamic Core Equity Index. Under normal circumstances, the fund will invest at least 80% of its total assets in components of the underlying index. It may invest up to 20% of its assets in instruments that are not included in the underlying index, but that Fund's adviser, Krane Funds Advisors, LLC, believes will help the fund track the underlying index. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$26.33

Average Daily Volume

4,416

Number of Holdings ^*

* 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

$22.11

Average Daily Volume

53,246

Number of Holdings ^*

326

* may have additional holdings in another (foreign) market

Performance

Period	KVLE	CLSE
30 Days	2.21%	2.69%
60 Days	4.69%	4.00%
90 Days	6.60%	2.60%
12 Months	21.95%	38.92%

36 Overlapping Holdings

Symbol	Grade	Weight in KVLE	Weight in CLSE	Overlap
AAPL	C	5.17%	2.26%	2.26%
ABBV	C	1.32%	1.04%	1.04%
AMGN	B	0.95%	0.55%	0.55%
AMZN	C	3.03%	2.5%	2.5%
APD	B	1.53%	-0.26%	-0.26%
APP	B	0.22%	2.04%	0.22%
AVGO	C	0.18%	2.58%	0.18%
BMY	C	1.61%	0.49%	0.49%
CFG	C	0.13%	0.57%	0.13%
CSCO	B	1.89%	-0.27%	-0.27%
CVX	D	0.94%	0.51%	0.51%
GILD	B	1.58%	0.98%	0.98%
GOOG	D	3.38%	1.22%	1.22%
HD	A	2.23%	1.17%	1.17%
IBM	A	1.2%	1.7%	1.2%
JNJ	C	0.47%	0.96%	0.47%
JPM	D	1.07%	0.77%	0.77%
KMB	D	1.59%	0.4%	0.4%
LMT	B	0.74%	0.54%	0.54%
META	A	2.56%	3.15%	2.56%
MO	C	1.66%	0.81%	0.81%
MRK	D	1.13%	0.53%	0.53%
MS	C	0.63%	-0.25%	-0.25%
MSFT	C	5.96%	1.12%	1.12%
NFLX	B	0.31%	0.31%	0.31%
NTAP	D	0.54%	1.64%	0.54%
NVDA	D	7.96%	4.12%	4.12%
ORCL	B	0.17%	1.22%	0.17%
PG	C	0.94%	0.81%	0.81%
RF	B	0.24%	0.69%	0.24%
RTX	C	0.25%	0.51%	0.25%
SMCI	F	0.11%	-0.55%	-0.55%
SPG	A	0.82%	0.41%	0.41%
TXN	C	1.8%	-0.85%	-0.85%
UNP	C	0.96%	0.57%	0.57%
VRT	C	0.47%	0.59%	0.47%

KVLE Overweight 51 Positions Relative to CLSE

Symbol	Grade	Weight
GS	C	1.73%
PSA	B	1.7%
PFE	C	1.69%
ADP	B	1.63%
WEC	B	1.59%
PAYX	C	1.59%
VZ	B	1.55%
CMCSA	D	1.5%
DTM	A	1.46%
HESM	D	1.43%
FAST	C	1.35%
DOW	D	1.32%
TROW	D	1.27%
WU	D	1.27%
LLY	C	1.27%
CALM	A	1.26%
UPS	F	1.24%
BLK	B	1.24%
PKG	B	1.04%
MSM	D	1.03%
ED	C	0.99%
PSX	D	0.92%
WSO	C	0.89%
FLO	C	0.86%
CMI	C	0.82%
ETR	A	0.79%
AEP	C	0.66%
PEG	A	0.65%
EPD	B	0.62%
UGI	C	0.59%
MCD	B	0.57%
OGS	B	0.55%
RHI	D	0.55%
VIRT	C	0.53%
SNA	C	0.52%
CL	C	0.49%
ALL	B	0.45%
CME	C	0.44%
DUK	B	0.38%
KO	B	0.35%
DKS	D	0.3%
WSM	D	0.27%
SR	B	0.24%
PM	C	0.24%
POWL	B	0.2%
EVRG	B	0.18%
GD	B	0.16%
KRO	D	0.16%
DELL	C	0.15%
EQIX	B	0.12%
CVS	F	0.1%

KVLE Underweight 290 Positions Relative to CLSE

Symbol	Grade	Weight
GOOGL	D	-2.93%
QCOM	F	-2.58%
WMT	B	-2.07%
ANET	A	-1.86%
CVLT	B	-1.64%
GDDY	C	-1.58%
CVNA	B	-1.53%
HPE	D	-1.52%
DOCU	C	-1.21%
ACIW	B	-1.12%
T	C	-1.03%
HALO	C	-1.03%
MU	F	-1.02%
AMG	C	-0.98%
PYPL	B	-0.98%
SNEX	B	-0.95%
OGN	D	-0.92%
JHG	B	-0.92%
NTRS	B	-0.91%
AVT	C	-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%
EME	A	-0.81%
SEIC	C	-0.81%
BAC	D	-0.81%
VLO	F	-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%
JXN	B	-0.72%
MCK	F	-0.71%
UMBF	B	-0.71%
IDCC	B	-0.7%
CHRW	A	-0.66%
IIPR	B	-0.65%
IESC	C	-0.63%
OSCR	C	-0.63%
GVA	B	-0.63%
NEM	B	-0.62%
FITB	B	-0.61%
CAH	C	-0.61%
STRL	B	-0.6%
MUSA	D	-0.59%
TSLA	C	-0.59%
XOM	D	-0.58%
TSN	D	-0.57%
PATK	A	-0.55%
WFC	D	-0.55%
PNW	B	-0.55%
PGR	A	-0.55%
NEE	C	-0.55%
MTZ	B	-0.54%
GM	B	-0.54%
PRIM	B	-0.54%
AVA	C	-0.54%
MET	A	-0.54%
NRG	A	-0.54%
SLVM	A	-0.53%
MWA	B	-0.53%
HRB	C	-0.53%
EXPE	C	-0.53%
RGA	B	-0.53%
VST	A	-0.53%
FDX	F	-0.5%
ADMA	B	-0.49%
CNA	D	-0.49%
NSA	B	-0.48%
KLAC	D	-0.47%
LNTH	D	-0.46%
EEFT	D	-0.45%
EQR	C	-0.44%
RGLD	B	-0.43%
REZI	D	-0.43%
ACT	B	-0.42%
LAMR	A	-0.41%
SAIC	C	-0.4%
MRO	C	-0.39%
SCCO	D	-0.39%
LDOS	B	-0.38%
FCX	D	-0.38%
J	C	-0.36%
CTRE	C	-0.36%
BCO	A	-0.36%
DVN	D	-0.35%
GRMN	D	-0.35%
KNF	B	-0.35%
ABM	D	-0.34%
TOL	B	-0.34%
CAT	B	-0.33%
STAG	D	-0.33%
GLW	B	-0.32%
JLL	B	-0.32%
ALSN	B	-0.32%
ANF	D	-0.32%
SM	D	-0.31%
VTRS	D	-0.31%
EXP	B	-0.31%
NVR	B	-0.3%
IBP	D	-0.27%
CPNG	A	-0.26%
BKNG	B	-0.25%
CCL	C	-0.24%
KR	C	-0.17%
ADUS	C	-0.15%
SPOT	B	-0.13%
ALNY	C	-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	F	--0.08%
ALIT	D	--0.08%
FOXF	D	--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	C	--0.1%
MCW	F	--0.1%
VMC	D	--0.11%
HHH	C	--0.11%
CC	F	--0.11%
ACVA	B	--0.11%
DRI	B	--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	D	--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	F	--0.16%
KRG	C	--0.16%
ILMN	C	--0.16%
WAL	B	--0.16%
UEC	D	--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	D	--0.19%
LAD	C	--0.19%
COTY	F	--0.2%
COLB	B	--0.2%
TMDX	C	--0.2%
CINF	C	--0.2%
EL	F	--0.2%
TFC	D	--0.2%
LKQ	F	--0.2%
AVAV	C	--0.2%
WOLF	F	--0.2%
AJG	D	--0.21%
LUV	C	--0.21%
GPOR	D	--0.21%
SOFI	C	--0.21%
BX	B	--0.21%
RNR	B	--0.22%
SHC	C	--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	D	--0.23%
SW	C	--0.23%
IPAR	D	--0.23%
XYL	D	--0.23%
DLTR	F	--0.23%
FDS	C	--0.23%
PTEN	F	--0.24%
SUM	D	--0.24%
BIO	C	--0.24%
OKE	B	--0.24%
AGCO	D	--0.24%
VSH	F	--0.25%
WAT	C	--0.25%
ALB	F	--0.26%
AL	D	--0.26%
SITE	D	--0.26%
FLYW	F	--0.26%
EQT	D	--0.26%
WSC	D	--0.26%
VVV	D	--0.27%
GT	F	--0.27%
HASI	C	--0.27%
CELH	F	--0.28%
HSY	D	--0.28%
NEOG	D	--0.29%
GMED	D	--0.29%
LW	D	--0.29%
APLS	F	--0.29%
FIVN	F	--0.3%
MNST	D	--0.31%
O	C	--0.31%
INSP	C	--0.31%
RVMD	C	--0.32%
ENPH	D	--0.32%
PEN	D	--0.32%
REGN	C	--0.32%
FOUR	C	--0.33%
SRE	B	--0.33%
EVTC	F	--0.33%
RGEN	F	--0.33%
EXAS	C	--0.34%
IAC	C	--0.34%
TOST	A	--0.34%
D	B	--0.34%
LPLA	F	--0.35%
MARA	F	--0.35%
ZI	D	--0.36%
ADBE	F	--0.36%
GE	A	--0.36%
LVS	D	--0.36%
ON	F	--0.36%
KLIC	F	--0.36%
LYV	B	--0.36%
AFRM	C	--0.36%
NDAQ	A	--0.36%
WBD	D	--0.38%
RIOT	F	--0.38%
BBIO	D	--0.38%
BA	F	--0.38%
PATH	D	--0.39%
SATS	C	--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%
LSCC	D	--0.5%
MDB	D	--0.5%
MCHP	D	--0.5%
CFLT	F	--0.5%
BILL	D	--0.5%
DV	F	--0.5%
POOL	D	--0.54%
RH	B	--0.56%
WDC	D	--0.58%
LBRDK	F	--0.58%
FND	C	--0.59%
U	D	--0.6%
LITE	B	--0.69%
INTC	F	--0.93%