AFMC vs. CLSE ETF Comparison

Comparison of Active Factor Mid Cap ETF (AFMC) to Convergence Long/Short Equity ETF (CLSE)

AFMC

Active Factor Mid Cap ETF

AFMC Description

The investment seeks to provide capital appreciation. Under normal market conditions, the fund will invest at least 80% of its net assets (including investment borrowings) in U.S.-listed equity securities issued by mid capitalization companies. The manager defines mid capitalization companies as those that, at the time of investment, have a market capitalization between the minimum and maximum market capitalization of a widely recognized index of mid capitalization companies based upon the composition of the index at the time of investment. It is non-diversified.

Grade (RS Rating)

Last Trade

$29.95

Average Daily Volume

1,495

Number of Holdings ^*

248

* 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

$20.86

Average Daily Volume

41,655

Number of Holdings ^*

349

* may have additional holdings in another (foreign) market

Performance

Period	AFMC	CLSE
30 Days	3.47%	1.86%
60 Days	3.93%	4.98%
90 Days	9.31%	12.03%
12 Months	33.49%	40.96%

49 Overlapping Holdings

Symbol	Grade	Weight in AFMC	Weight in CLSE	Overlap
AEO	B	0.22%	0.21%	0.21%
AMG	D	0.48%	0.95%	0.48%
AMR	F	0.56%	0.56%	0.56%
ANF	B	0.37%	0.22%	0.22%
AOS	C	0.14%	0.0%	0.0%
APPF	B	0.46%	0.95%	0.46%
AYI	C	1.06%	0.53%	0.53%
BCC	D	0.76%	0.56%	0.56%
BLD	C	0.5%	0.34%	0.34%
BLDR	D	1.12%	0.65%	0.65%
BRBR	C	0.69%	0.76%	0.69%
CAH	F	0.59%	0.52%	0.52%
CNM	A	0.9%	0.49%	0.49%
CNXC	F	0.29%	-0.15%	-0.15%
CROX	B	0.25%	-0.09%	-0.09%
DECK	D	1.27%	0.17%	0.17%
EME	A	1.12%	0.71%	0.71%
EXEL	F	0.43%	0.11%	0.11%
EXP	A	0.69%	0.45%	0.45%
FIX	B	0.83%	0.2%	0.2%
GDDY	A	0.16%	0.33%	0.16%
GLPI	D	0.45%	0.37%	0.37%
GPI	B	0.21%	-0.18%	-0.18%
HALO	B	0.1%	0.81%	0.1%
HRB	A	0.65%	0.44%	0.44%
IBP	D	0.41%	0.34%	0.34%
LOPE	B	0.33%	0.55%	0.33%
MLI	A	0.66%	0.63%	0.63%
MTG	B	1.05%	0.86%	0.86%
MUSA	A	0.63%	0.99%	0.63%
NEU	D	0.6%	0.23%	0.23%
NSA	C	0.25%	0.37%	0.25%
NTAP	B	0.62%	1.74%	0.62%
NXST	B	0.66%	-0.34%	-0.34%
OC	A	1.07%	0.58%	0.58%
OGN	B	0.11%	0.8%	0.11%
PBF	F	0.52%	0.85%	0.52%
PHM	B	0.59%	0.11%	0.11%
RS	D	1.31%	0.32%	0.32%
SAIC	B	0.47%	0.4%	0.4%
SJM	D	0.21%	-0.16%	-0.16%
SNX	A	0.59%	1.49%	0.59%
STAG	D	0.55%	0.35%	0.35%
STLD	D	0.78%	0.38%	0.38%
TGNA	B	0.21%	-0.37%	-0.37%
THC	A	0.87%	0.57%	0.57%
UHS	C	0.16%	0.48%	0.16%
UTHR	B	0.55%	-0.42%	-0.42%
VST	B	2.74%	0.58%	0.58%

AFMC Overweight 199 Positions Relative to CLSE

Symbol	Grade	Weight
WSM	A	1.55%
SFM	A	1.21%
KBH	B	1.07%
COKE	B	1.01%
ESNT	C	0.96%
CHRD	B	0.85%
ALSN	D	0.85%
TOL	B	0.85%
RDN	C	0.85%
IBOC	A	0.84%
JBL	D	0.83%
MTH	A	0.82%
SBRA	B	0.8%
TMHC	B	0.74%
UNM	B	0.73%
CSL	A	0.71%
NRG	A	0.7%
L	A	0.7%
OHI	C	0.69%
CHE	D	0.68%
WFRD	C	0.68%
FICO	C	0.65%
JLL	B	0.64%
PRI	D	0.64%
ONTO	B	0.63%
ELF	D	0.62%
CMC	B	0.62%
ERIE	C	0.61%
SSD	D	0.61%
MEDP	D	0.56%
ACT	A	0.56%
LII	B	0.56%
SF	A	0.56%
CUZ	B	0.54%
HNI	A	0.54%
OZK	B	0.53%
INGR	A	0.51%
DDS	C	0.51%
PSN	D	0.51%
ORI	A	0.51%
NFG	A	0.51%
PK	D	0.51%
IDCC	B	0.5%
GMED	A	0.49%
RPM	D	0.49%
PVH	D	0.49%
TEX	C	0.49%
ATKR	D	0.49%
SANM	B	0.48%
WSO	A	0.47%
ASO	F	0.47%
DINO	D	0.47%
LAMR	A	0.47%
MAN	B	0.47%
AIZ	D	0.46%
CATY	C	0.45%
DKS	D	0.44%
BERY	C	0.44%
FFIV	D	0.43%
GHC	A	0.43%
NYT	B	0.42%
NAVI	F	0.4%
MOH	D	0.4%
GPS	D	0.39%
ARW	B	0.39%
FSS	A	0.38%
DBX	F	0.38%
TXRH	A	0.37%
WPC	B	0.37%
ASGN	C	0.36%
UFPI	B	0.35%
ZION	B	0.35%
WMS	B	0.35%
AN	B	0.35%
NVST	F	0.34%
FHI	D	0.34%
CADE	B	0.34%
VSH	C	0.34%
NBIX	C	0.33%
NTCT	F	0.33%
SLM	B	0.32%
EVR	B	0.32%
ESAB	B	0.32%
SNA	D	0.32%
MSM	D	0.31%
ABG	C	0.31%
HWC	B	0.31%
WBS	D	0.3%
AMN	F	0.3%
POST	A	0.3%
BECN	C	0.29%
HPP	F	0.29%
BPOP	A	0.29%
G	D	0.29%
SSB	C	0.29%
BDC	B	0.29%
TNL	D	0.29%
OLN	D	0.29%
FHN	A	0.29%
CRI	F	0.28%
LECO	D	0.28%
TKR	B	0.28%
CVBF	C	0.28%
HIW	B	0.27%
HUBB	C	0.26%
TPR	D	0.26%
AGCO	D	0.26%
NSIT	A	0.26%
PRGO	D	0.26%
THO	D	0.26%
BTU	F	0.26%
HOMB	B	0.26%
MANH	D	0.25%
ENS	B	0.25%
JWN	B	0.25%
CRUS	A	0.25%
APG	D	0.25%
GGG	D	0.25%
AZEK	D	0.25%
ITCI	C	0.24%
PINC	F	0.24%
WCC	B	0.24%
CIVI	B	0.24%
ENSG	D	0.24%
PEN	F	0.23%
RL	D	0.23%
UGI	C	0.23%
KMT	B	0.22%
MOG.A	A	0.22%
NVT	B	0.22%
CELH	C	0.21%
HSIC	C	0.21%
M	D	0.21%
ALE	B	0.2%
USFD	B	0.2%
KAI	D	0.2%
CVLT	A	0.2%
PBH	D	0.2%
GEF	D	0.2%
MMS	B	0.19%
PECO	F	0.19%
RHI	D	0.19%
AIT	C	0.18%
QLYS	F	0.18%
APLE	D	0.18%
NNN	A	0.18%
OPCH	D	0.17%
NJR	B	0.17%
BPMC	B	0.17%
ATR	B	0.17%
TPH	A	0.17%
IART	F	0.16%
WTS	B	0.16%
TNET	D	0.16%
MPW	C	0.15%
EPR	C	0.15%
MSA	C	0.15%
NUS	D	0.15%
DXC	F	0.15%
CW	A	0.14%
CRVL	A	0.14%
HAE	A	0.14%
OSCR	B	0.13%
RMBS	D	0.13%
IRM	C	0.13%
LNTH	B	0.13%
DUOL	D	0.12%
LYFT	D	0.12%
CASY	A	0.12%
CHX	D	0.11%
S	D	0.11%
JHG	A	0.11%
KWR	D	0.11%
WOR	D	0.1%
EQH	A	0.1%
VSCO	D	0.1%
ELS	D	0.1%
ITT	A	0.09%
CACI	A	0.09%
CUBE	D	0.09%
MMSI	B	0.08%
BOX	D	0.08%
TDC	F	0.07%
BRX	B	0.07%
PDCO	F	0.07%
ACLS	C	0.07%
BRKR	D	0.07%
VNT	D	0.06%
ACIW	A	0.06%
ROKU	F	0.06%
JAZZ	F	0.06%
W	B	0.05%
BHF	F	0.05%
SPSC	B	0.05%
BMI	A	0.05%
NSP	C	0.04%
SMAR	D	0.04%
WU	D	0.04%
OVV	D	0.02%

AFMC Underweight 300 Positions Relative to CLSE

Symbol	Grade	Weight
NVDA	B	-3.46%
MSFT	C	-3.3%
AMZN	B	-3.15%
GOOGL	B	-2.56%
GOOG	B	-2.36%
QCOM	A	-2.29%
META	D	-2.17%
AMAT	C	-2.09%
MU	B	-2.01%
APP	B	-1.95%
ANET	B	-1.65%
NTNX	A	-1.6%
WMT	B	-1.34%
CRWD	C	-1.32%
IBM	D	-1.29%
PYPL	C	-1.27%
DOCU	B	-1.11%
HD	D	-1.08%
NFLX	C	-1.0%
EBAY	D	-0.95%
PAGS	D	-0.94%
MRK	B	-0.93%
T	B	-0.93%
AAPL	B	-0.91%
SPOT	B	-0.91%
SYF	B	-0.91%
STNE	B	-0.91%
JPM	A	-0.9%
PFE	C	-0.9%
JNJ	D	-0.89%
AMGN	B	-0.89%
SEIC	D	-0.88%
COIN	D	-0.87%
VTRS	D	-0.87%
LLY	C	-0.86%
ABBV	D	-0.86%
MPC	D	-0.85%
UBER	D	-0.83%
TW	B	-0.83%
BAC	A	-0.77%
IIPR	C	-0.77%
MO	A	-0.76%
PLTR	D	-0.75%
VLO	D	-0.75%
TSN	C	-0.75%
PPC	A	-0.74%
SMCI	D	-0.74%
XOM	B	-0.74%
PG	A	-0.74%
FITB	A	-0.73%
WFC	A	-0.72%
CI	D	-0.72%
BG	B	-0.71%
F	D	-0.69%
MCK	A	-0.69%
GFF	C	-0.69%
PSX	D	-0.68%
VRT	B	-0.67%
PEGA	D	-0.63%
UMBF	C	-0.62%
KNF	B	-0.62%
IESC	A	-0.61%
CNC	C	-0.6%
OMI	F	-0.58%
AGO	D	-0.58%
SKYW	B	-0.57%
GM	B	-0.57%
GMS	B	-0.55%
ITRI	B	-0.54%
PGR	A	-0.54%
NU	B	-0.53%
STRL	A	-0.53%
HQY	D	-0.53%
CAT	C	-0.52%
DVA	C	-0.52%
FTDR	B	-0.52%
DPZ	C	-0.51%
NEE	B	-0.5%
CNA	B	-0.48%
HIG	B	-0.47%
EXC	B	-0.46%
REZI	C	-0.46%
EVRG	B	-0.46%
LDOS	A	-0.45%
RGA	A	-0.42%
BKNG	B	-0.4%
APA	F	-0.4%
CVI	F	-0.39%
PEG	A	-0.39%
SLVM	C	-0.39%
BCO	A	-0.38%
J	D	-0.37%
SPG	D	-0.37%
GRMN	A	-0.36%
SR	B	-0.35%
WDC	B	-0.32%
KR	C	-0.32%
FDX	C	-0.31%
BAH	A	-0.31%
PSTG	C	-0.3%
RPRX	F	-0.29%
SPGI	B	-0.28%
AMP	A	-0.26%
UNP	C	-0.24%
MGM	F	-0.21%
NTRA	B	-0.19%
SKT	D	-0.14%
FG	B	-0.13%
SUM	D	-0.12%
DOCS	F	-0.12%
MOD	B	-0.11%
VCTR	C	-0.09%
ROCK	D	-0.07%
WDAY	F	-0.0%
PNC	A	-0.0%
DNUT	D	--0.05%
HTZ	F	--0.06%
AWR	B	--0.06%
ENPH	F	--0.07%
TROX	B	--0.07%
IAS	F	--0.08%
MODG	C	--0.08%
PYCR	F	--0.08%
JOBY	D	--0.08%
JBHT	D	--0.08%
LGIH	D	--0.08%
MCW	B	--0.08%
PNM	C	--0.08%
FCNCA	B	--0.08%
DOC	A	--0.09%
SUI	D	--0.09%
ATI	B	--0.09%
PTCT	C	--0.09%
PLNT	C	--0.09%
CWST	C	--0.09%
RYAN	C	--0.09%
RRC	C	--0.1%
ACVA	D	--0.1%
COLD	D	--0.1%
DRVN	F	--0.1%
VTR	B	--0.1%
PCH	D	--0.1%
HAS	C	--0.1%
GOGL	A	--0.11%
EXR	C	--0.11%
CHK	C	--0.11%
AES	B	--0.11%
WTW	D	--0.11%
DAY	D	--0.11%
CHDN	B	--0.11%
VAC	C	--0.11%
LPX	A	--0.12%
KNX	D	--0.12%
MDU	A	--0.12%
BOOT	C	--0.12%
ADC	B	--0.12%
AEE	B	--0.12%
IPAR	D	--0.13%
TXG	F	--0.13%
TFC	A	--0.13%
GME	C	--0.13%
AVAV	A	--0.14%
LFST	C	--0.14%
VFC	F	--0.14%
FLNC	D	--0.15%
ZWS	C	--0.15%
KVUE	C	--0.15%
KMPR	B	--0.15%
XYL	A	--0.15%
CZR	F	--0.15%
FL	F	--0.15%
O	B	--0.15%
RBA	C	--0.15%
CRS	B	--0.15%
SPR	D	--0.15%
AJG	C	--0.15%
GPOR	D	--0.16%
AXSM	D	--0.16%
CHH	F	--0.16%
HAYW	C	--0.16%
ARWR	F	--0.16%
RUN	F	--0.16%
SRE	A	--0.16%
FOXF	D	--0.16%
AXON	C	--0.16%
WAFD	B	--0.17%
IOVA	D	--0.17%
UCBI	B	--0.17%
WTM	B	--0.17%
FOUR	D	--0.18%
WAL	B	--0.18%
ALLY	B	--0.18%
UHAL	B	--0.18%
COF	B	--0.18%
NARI	D	--0.18%
MTN	D	--0.18%
DG	D	--0.19%
HASI	B	--0.19%
FMC	C	--0.19%
GATX	C	--0.19%
IRT	B	--0.19%
PR	C	--0.19%
BE	D	--0.19%
LNC	B	--0.2%
APD	C	--0.2%
PPBI	B	--0.2%
SBCF	B	--0.2%
BANC	B	--0.2%
NTLA	F	--0.21%
CABO	F	--0.21%
MP	C	--0.21%
ROG	C	--0.21%
EQT	C	--0.22%
TSLA	D	--0.23%
NDAQ	C	--0.23%
UEC	C	--0.23%
SHC	F	--0.23%
RIVN	F	--0.23%
IRTC	F	--0.24%
CAR	D	--0.24%
ATO	C	--0.24%
CG	D	--0.25%
GO	F	--0.25%
PRCT	B	--0.25%
FIS	A	--0.25%
EVH	F	--0.25%
EL	F	--0.25%
ASB	A	--0.25%
TMDX	B	--0.26%
NOG	C	--0.26%
KDP	A	--0.26%
GTLS	C	--0.26%
FSLR	B	--0.26%
LW	D	--0.26%
DLTR	D	--0.26%
CNX	C	--0.27%
CFLT	D	--0.27%
UI	C	--0.27%
MASI	D	--0.27%
FNB	A	--0.27%
ORCL	D	--0.27%
RNR	D	--0.27%
AGNC	A	--0.28%
BIO	F	--0.28%
NOVT	D	--0.28%
NNI	A	--0.28%
TTWO	D	--0.29%
NEOG	F	--0.29%
AR	C	--0.29%
AAP	D	--0.29%
TOST	B	--0.29%
PFSI	A	--0.29%
GS	A	--0.29%
ALB	C	--0.3%
MS	A	--0.31%
FIVE	F	--0.32%
LAD	D	--0.33%
IAC	B	--0.34%
FYBR	B	--0.34%
CARR	A	--0.35%
BX	C	--0.35%
IBKR	B	--0.35%
DV	F	--0.36%
KMX	D	--0.37%
D	A	--0.37%
GE	C	--0.37%
MSTR	D	--0.38%
VSAT	D	--0.4%
SATS	C	--0.4%
RVMD	C	--0.4%
MARA	D	--0.42%
CRL	D	--0.42%
LBRDK	F	--0.42%
RIOT	F	--0.42%
RH	C	--0.42%
MSGS	B	--0.42%
DAR	D	--0.42%
ZI	F	--0.43%
FIVN	F	--0.44%
GFS	D	--0.44%
FND	C	--0.45%
INSP	D	--0.45%
BILL	F	--0.46%
ASAN	F	--0.46%
WBD	F	--0.46%
SPT	F	--0.46%
U	F	--0.47%
CGNX	B	--0.48%
BA	F	--0.48%
TECH	B	--0.49%
TXN	A	--0.5%
ALGM	D	--0.53%
COHR	D	--0.55%
KLIC	D	--0.55%
ZBRA	B	--0.58%
LITE	F	--0.59%
QQQ	B	--0.6%
WOLF	F	--0.63%
INTC	F	--0.65%
SITM	B	--0.66%