CARZ vs. CLSE ETF Comparison

Comparison of First Trust NASDAQ Global Auto Index Fund (CARZ) to Convergence Long/Short Equity ETF (CLSE)

CARZ

First Trust NASDAQ Global Auto Index Fund

CARZ Description

The investment seeks investment results that correspond generally to the price and yield (before the fund's fees and expenses) of an equity index called the NASDAQ OMX Global Auto Index(SM). The index is owned and was developed by The NASDAQ OMX Group, Inc. (the "Index Provider"). The index Provider has contracted with Standard & Poor's to calculate and maintain the index. The index is designed to track the performance of the largest and most liquid companies engaged in manufacturing of automobiles. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$58.67

Average Daily Volume

1,540

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

$21.56

Average Daily Volume

92,782

Number of Holdings ^*

347

* may have additional holdings in another (foreign) market

Performance

Period	CARZ	CLSE
30 Days	-0.36%	1.37%
60 Days	2.24%	5.72%
90 Days	-0.76%	4.89%
12 Months	7.19%	38.88%

16 Overlapping Holdings

Symbol	Grade	Weight in CARZ	Weight in CLSE	Overlap
AAPL	B	5.47%	0.74%	0.74%
ALB	F	0.37%	-0.24%	-0.24%
F	C	0.74%	0.64%	0.64%
GM	B	0.97%	0.72%	0.72%
GOOGL	B	5.2%	3.02%	3.02%
INTC	F	2.01%	-0.84%	-0.84%
MCHP	C	0.73%	-0.73%	-0.73%
MSFT	B	4.73%	3.57%	3.57%
MU	C	2.26%	2.44%	2.26%
NVDA	B	6.12%	4.5%	4.5%
QCOM	C	3.38%	2.44%	2.44%
RIVN	C	0.75%	-0.29%	-0.29%
SITM	B	0.7%	-0.63%	-0.63%
TSLA	C	5.05%	-0.21%	-0.21%
TXN	B	2.73%	-0.86%	-0.86%
WOLF	F	0.41%	-0.63%	-0.63%

CARZ Overweight 40 Positions Relative to CLSE

Symbol	Grade	Weight
TSM	B	5.21%
AMD	B	4.18%
TM	D	2.41%
ADI	B	1.74%
NXPI	B	1.05%
MRVL	C	0.91%
PCAR	D	0.77%
TEL	B	0.71%
CRUS	A	0.69%
STLA	F	0.67%
HMC	D	0.67%
CMI	D	0.61%
AMBA	C	0.56%
LAZR	F	0.56%
STM	F	0.55%
LCID	F	0.53%
ST	D	0.52%
ALGM	D	0.5%
SWKS	B	0.5%
NIO	F	0.49%
ON	F	0.48%
QRVO	B	0.48%
SYNA	F	0.47%
INDI	D	0.47%
BWA	F	0.46%
XPEV	F	0.46%
RMBS	D	0.45%
APTV	F	0.45%
CHPT	F	0.45%
MXL	B	0.44%
AUR	C	0.43%
BIDU	F	0.42%
LEA	F	0.41%
SLAB	F	0.41%
SQM	F	0.4%
LSCC	F	0.36%
LI	F	0.3%
PSNY	F	0.28%
CRNC	F	0.1%
YNDX	C	0.0%

CARZ Underweight 331 Positions Relative to CLSE

Symbol	Grade	Weight
AMZN	B	-3.51%
GOOG	B	-2.43%
AMAT	B	-2.38%
ANET	A	-2.02%
NTAP	A	-1.94%
META	B	-1.82%
APP	B	-1.76%
APH	B	-1.52%
GDDY	B	-1.52%
IBM	B	-1.48%
CRWD	B	-1.45%
WMT	A	-1.42%
CVNA	B	-1.33%
CVLT	A	-1.23%
SNX	C	-1.09%
T	A	-0.92%
SYF	A	-0.91%
CRBG	C	-0.89%
HALO	A	-0.89%
MRK	C	-0.88%
AMG	C	-0.88%
DOCU	D	-0.87%
NTNX	D	-0.87%
ABBV	B	-0.86%
JNJ	F	-0.85%
OGN	B	-0.84%
MUSA	B	-0.8%
COIN	C	-0.79%
MPC	D	-0.79%
PYPL	F	-0.77%
HD	B	-0.77%
SEIC	D	-0.77%
MCK	B	-0.76%
SPOT	B	-0.75%
BAC	A	-0.75%
BRBR	C	-0.75%
PINS	B	-0.74%
MO	B	-0.74%
NFLX	B	-0.74%
ICLR	C	-0.74%
ACIW	A	-0.72%
PBF	D	-0.72%
EME	C	-0.72%
PAGS	D	-0.71%
PG	C	-0.7%
BG	B	-0.7%
THC	B	-0.69%
PPC	A	-0.68%
HQY	A	-0.67%
JPM	A	-0.66%
VLO	C	-0.66%
HIMS	C	-0.66%
XOM	C	-0.65%
PRU	B	-0.65%
TSN	C	-0.65%
SKYW	B	-0.64%
WFC	C	-0.64%
OC	C	-0.62%
AMRX	C	-0.61%
AMGN	B	-0.61%
NU	A	-0.61%
CAT	C	-0.6%
FITB	C	-0.6%
AXP	C	-0.6%
VRT	D	-0.6%
UMBF	C	-0.58%
LLY	A	-0.58%
STRL	B	-0.57%
VST	C	-0.56%
MLI	C	-0.55%
SM	D	-0.55%
PSTG	B	-0.54%
IIPR	B	-0.53%
AIT	C	-0.53%
IESC	D	-0.52%
UHS	B	-0.52%
RGA	B	-0.52%
SQ	D	-0.52%
NEE	D	-0.51%
BAH	B	-0.51%
GLW	B	-0.5%
DVA	C	-0.5%
UNP	D	-0.5%
DY	B	-0.5%
GVA	B	-0.49%
LNTH	B	-0.49%
NRG	C	-0.48%
FTDR	C	-0.47%
PNW	C	-0.47%
AVA	C	-0.47%
ALL	D	-0.47%
REZI	C	-0.47%
FDX	A	-0.47%
NEM	B	-0.46%
VTRS	D	-0.46%
EEFT	D	-0.46%
SLVM	B	-0.45%
FCX	D	-0.45%
DPZ	B	-0.44%
GFF	D	-0.44%
MGM	B	-0.43%
CNA	A	-0.43%
BCO	B	-0.43%
GILD	C	-0.43%
EQR	A	-0.43%
JHG	B	-0.42%
AMR	F	-0.41%
LDOS	B	-0.41%
KNF	C	-0.41%
BCC	F	-0.4%
MRO	B	-0.4%
NSA	B	-0.4%
STNG	B	-0.39%
GRMN	B	-0.39%
TNK	B	-0.38%
SPG	B	-0.35%
DKNG	D	-0.35%
STAG	B	-0.34%
ROAD	B	-0.34%
EXP	D	-0.32%
STLD	C	-0.31%
ANF	B	-0.31%
KD	B	-0.3%
BLD	D	-0.29%
BKNG	A	-0.29%
IBP	D	-0.27%
CNC	F	-0.26%
ITRI	D	-0.25%
KR	D	-0.25%
PGR	D	-0.25%
HRB	A	-0.24%
J	D	-0.24%
UBER	B	-0.23%
DOCS	B	-0.23%
SKT	C	-0.22%
SNEX	C	-0.22%
VCTR	D	-0.21%
LOPE	C	-0.21%
DECK	B	-0.2%
NTRA	B	-0.2%
SMCI	C	-0.2%
MAN	F	-0.19%
EBAY	B	-0.15%
FG	D	-0.14%
APPF	B	-0.13%
INCY	B	-0.12%
PFE	C	-0.1%
HOOD	B	-0.07%
AIG	D	-0.04%
IRT	A	--0.04%
DOC	B	--0.05%
VTR	A	--0.06%
JOBY	D	--0.06%
PLNT	B	--0.07%
CHDN	A	--0.07%
JBHT	F	--0.07%
CWST	B	--0.07%
RRC	D	--0.07%
EXAS	F	--0.08%
PNM	D	--0.08%
RYAN	B	--0.08%
AWR	D	--0.08%
AES	D	--0.08%
VAC	D	--0.09%
WHR	C	--0.09%
PENN	C	--0.09%
MCW	C	--0.09%
WTRG	C	--0.09%
LPX	C	--0.09%
WOR	F	--0.1%
PR	C	--0.1%
ZWS	D	--0.1%
PYCR	F	--0.11%
DAY	F	--0.11%
EQIX	C	--0.11%
SUI	C	--0.11%
ALNY	B	--0.11%
EXR	B	--0.11%
ACVA	C	--0.11%
MAC	C	--0.12%
SITC	A	--0.12%
LGIH	F	--0.12%
PCH	F	--0.12%
TXG	F	--0.13%
AGL	D	--0.13%
CRS	B	--0.13%
WTM	B	--0.13%
KNSL	F	--0.14%
VFC	C	--0.14%
LUV	B	--0.14%
LHX	A	--0.14%
AAP	F	--0.14%
UHAL	D	--0.14%
NOVT	B	--0.14%
NARI	C	--0.14%
AJG	B	--0.15%
CAR	F	--0.15%
ROK	D	--0.15%
WTW	B	--0.15%
CNXC	D	--0.15%
VMC	D	--0.15%
CLDX	D	--0.16%
CZR	C	--0.16%
SPR	B	--0.16%
IRTC	B	--0.16%
LNC	B	--0.16%
KVUE	F	--0.16%
SHC	C	--0.16%
FOXF	D	--0.16%
ASB	C	--0.16%
XYL	C	--0.16%
GATX	B	--0.16%
FLNC	F	--0.16%
RUN	D	--0.16%
EL	F	--0.17%
BE	C	--0.17%
FMC	D	--0.17%
FL	C	--0.17%
PPBI	C	--0.18%
SBCF	C	--0.18%
MSGS	C	--0.18%
CHK	D	--0.18%
CACC	C	--0.18%
XP	F	--0.18%
ALLY	B	--0.18%
PRCT	D	--0.19%
CG	C	--0.19%
MTN	D	--0.19%
IVZ	D	--0.19%
PGNY	D	--0.2%
IPAR	D	--0.2%
UEC	D	--0.2%
BANC	D	--0.2%
GMED	A	--0.2%
DLTR	F	--0.2%
WAFD	C	--0.2%
KNX	C	--0.2%
NFE	D	--0.2%
GTLS	D	--0.2%
DG	D	--0.2%
ARWR	C	--0.21%
BIO	F	--0.21%
CARR	B	--0.21%
EVR	A	--0.21%
LAD	D	--0.21%
O	D	--0.21%
FCNCA	C	--0.21%
BOKF	C	--0.21%
MRNA	D	--0.21%
HI	F	--0.21%
GO	D	--0.21%
UCBI	C	--0.21%
CRL	F	--0.21%
GE	D	--0.21%
HSY	F	--0.22%
GPOR	D	--0.22%
SUM	D	--0.22%
CNH	F	--0.22%
RBA	B	--0.22%
CALM	B	--0.22%
WAL	C	--0.22%
PEN	D	--0.23%
TGNA	D	--0.23%
EQT	D	--0.23%
APD	D	--0.23%
OKE	B	--0.24%
NOG	D	--0.24%
VSAT	F	--0.24%
LW	F	--0.24%
D	D	--0.24%
RNR	C	--0.24%
VVV	B	--0.25%
DAR	D	--0.25%
MS	B	--0.25%
INSP	F	--0.25%
CABO	F	--0.26%
SJM	F	--0.26%
HASI	C	--0.27%
GLOB	D	--0.27%
SBUX	F	--0.28%
NEOG	C	--0.28%
MKTX	F	--0.28%
RVMD	C	--0.28%
NDAQ	C	--0.29%
MC	C	--0.29%
GS	B	--0.29%
BX	B	--0.29%
INST	C	--0.3%
FOUR	B	--0.3%
RCM	B	--0.31%
FIVE	F	--0.32%
BBIO	F	--0.32%
ASAN	D	--0.32%
BOOT	B	--0.33%
CIEN	C	--0.33%
FICO	A	--0.34%
KMX	B	--0.35%
CCOI	D	--0.35%
TECH	D	--0.35%
DIOD	D	--0.36%
FIVN	F	--0.36%
APLS	F	--0.37%
TTWO	B	--0.37%
IAC	D	--0.37%
WBD	D	--0.38%
LBRDK	C	--0.38%
RIOT	F	--0.39%
VSH	D	--0.39%
PARA	D	--0.39%
ZI	F	--0.39%
ADBE	B	--0.4%
FND	F	--0.41%
MARA	B	--0.43%
SRE	B	--0.44%
U	F	--0.45%
LYV	C	--0.45%
AEIS	B	--0.45%
DV	F	--0.46%
SATS	B	--0.46%
RH	D	--0.48%
COHR	B	--0.48%
CFLT	C	--0.49%
ZBRA	C	--0.51%
PANW	B	--0.55%
GFS	C	--0.57%
CGNX	C	--0.57%
LITE	B	--0.58%
SNPS	B	--0.59%
BA	D	--0.64%
QQQ	A	--0.68%
KLIC	B	--0.8%