CLSE vs. BWZ ETF Comparison

Comparison of Convergence Long/Short Equity ETF (CLSE) to SPDR Bloomberg Short Term International Treasury Bond ETF (BWZ)

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

$22.02

Average Daily Volume

50,834

Number of Holdings ^*

325

* may have additional holdings in another (foreign) market

BWZ

SPDR Bloomberg Short Term International Treasury Bond ETF

BWZ Description

The investment seeks to provide investment results that correspond generally to an index that tracks the short-term (1-3 year remaining maturity) fixed rate, investment grade debt issued by foreign governments of investment grade countries. The fund seeks to track the Barclays 1-3 Year Global Treasury ex-US Capped Index. It invests at least 80% of total assets in the securities comprising the index or in securities that the Adviser determines have economic characteristics that are substantially identical to the economic characteristics of the securities that comprise the index. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$27.66

Average Daily Volume

33,174

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	CLSE	BWZ
30 Days	1.80%	2.02%
60 Days	5.28%	6.10%
90 Days	2.71%	8.32%
12 Months	36.41%	9.46%

1 Overlapping Holdings

	Symbol	Grade	Weight in CLSE	Weight in BWZ	Overlap
	PEN	D	-0.31%	0.0%	-0.31%

CLSE Overweight 324 Positions Relative to BWZ

Symbol	Grade	Weight
NVDA	C	3.93%
META	B	3.19%
GOOGL	D	3.05%
AVGO	C	2.6%
QCOM	D	2.6%
AMZN	C	2.44%
AAPL	C	2.17%
APP	C	1.96%
WMT	B	1.95%
NTAP	D	1.88%
ANET	C	1.87%
CVNA	B	1.74%
IBM	B	1.71%
CVLT	B	1.64%
HPE	C	1.63%
GDDY	C	1.55%
GOOG	D	1.25%
ORCL	B	1.23%
DOCU	C	1.21%
HD	B	1.18%
ACIW	B	1.14%
MSFT	C	1.12%
HALO	D	1.05%
T	B	1.03%
ABBV	B	1.03%
PYPL	B	1.03%
SNEX	C	1.03%
AMG	C	1.02%
JHG	B	0.99%
NTRS	C	0.98%
MU	D	0.97%
JNJ	C	0.96%
GILD	B	0.93%
AVT	B	0.92%
SYF	C	0.9%
AMRX	C	0.89%
OGN	D	0.89%
THC	C	0.85%
EME	B	0.84%
DVA	B	0.84%
IDCC	B	0.83%
SEIC	B	0.82%
BAC	D	0.82%
UHS	C	0.82%
VLO	F	0.8%
NTNX	D	0.8%
MLI	B	0.77%
MO	C	0.77%
FTDR	B	0.76%
MPC	F	0.74%
UMBF	C	0.73%
PPC	D	0.73%
CNC	D	0.73%
PG	C	0.72%
BG	F	0.72%
JXN	B	0.69%
IIPR	B	0.68%
GVA	B	0.65%
STRL	C	0.65%
CHRW	B	0.63%
FITB	B	0.62%
OSCR	D	0.6%
JPM	D	0.6%
CAH	C	0.6%
UNP	D	0.59%
RF	B	0.59%
VST	B	0.59%
XOM	D	0.59%
PATK	C	0.58%
TSLA	C	0.58%
DVN	F	0.58%
TSN	D	0.57%
PRIM	B	0.57%
WFC	D	0.57%
CFG	D	0.57%
SLVM	C	0.56%
ADMA	C	0.56%
MTZ	C	0.56%
GM	C	0.56%
NRG	B	0.56%
AMGN	D	0.55%
AVA	B	0.55%
PNW	C	0.55%
NEE	B	0.55%
MET	B	0.55%
PGR	C	0.54%
IESC	B	0.54%
RGA	C	0.54%
MRK	F	0.54%
MWA	B	0.54%
NEM	C	0.53%
LMT	A	0.53%
CVX	F	0.52%
FDX	D	0.52%
VRT	C	0.51%
HRB	C	0.51%
BMY	C	0.5%
EXPE	C	0.5%
NSA	C	0.49%
CNA	D	0.49%
RTX	B	0.49%
MUSA	D	0.47%
LNTH	D	0.47%
EEFT	F	0.46%
ACT	C	0.46%
KLAC	D	0.46%
MCK	F	0.45%
REZI	D	0.44%
LAMR	B	0.43%
EQR	C	0.43%
RGLD	C	0.42%
MRO	D	0.41%
SCCO	C	0.4%
LDOS	A	0.4%
SPG	B	0.4%
FCX	C	0.39%
KMB	C	0.39%
SAIC	C	0.39%
KNF	C	0.38%
CTRE	C	0.36%
J	A	0.36%
TOL	A	0.35%
BCO	B	0.34%
CAT	B	0.34%
ABM	D	0.34%
GLW	B	0.33%
SM	F	0.33%
ALSN	B	0.33%
EXP	B	0.33%
STAG	D	0.33%
IBP	C	0.33%
NFLX	B	0.31%
NVR	B	0.31%
VTRS	D	0.31%
JLL	B	0.3%
CPNG	B	0.27%
BKNG	B	0.26%
CCL	C	0.25%
ANF	D	0.23%
MHO	B	0.19%
KR	B	0.17%
NTRA	C	0.15%
SPOT	C	0.13%
ADUS	C	0.12%
ALNY	C	0.12%
GRMN	D	0.09%
QQQ	B	0.0%
JOBY	F	-0.04%
AEE	B	-0.04%
BC	C	-0.05%
WOR	F	-0.05%
CAR	D	-0.06%
FOXF	F	-0.08%
AES	C	-0.08%
ALIT	D	-0.08%
CZR	C	-0.09%
NXST	D	-0.09%
DRVN	C	-0.1%
VAC	D	-0.1%
HGV	F	-0.1%
AWR	C	-0.1%
MCW	F	-0.1%
WTW	B	-0.1%
HHH	C	-0.11%
ACVA	C	-0.11%
AGL	F	-0.11%
PGNY	F	-0.12%
AAL	D	-0.12%
VAL	F	-0.12%
COLD	D	-0.12%
VSAT	F	-0.12%
VMC	C	-0.12%
CC	D	-0.13%
LAD	B	-0.13%
PPBI	D	-0.14%
RBLX	C	-0.14%
AA	C	-0.14%
VFC	B	-0.14%
SJM	C	-0.15%
EXR	C	-0.15%
PCH	C	-0.15%
MTN	D	-0.15%
DAY	D	-0.15%
PYCR	D	-0.15%
CHDN	D	-0.16%
CLDX	F	-0.16%
CG	C	-0.16%
WY	C	-0.16%
WTRG	D	-0.16%
ILMN	D	-0.16%
AESI	D	-0.16%
KRG	C	-0.16%
CHK	C	-0.16%
CIEN	B	-0.17%
CGON	C	-0.17%
UHAL	B	-0.17%
WAL	B	-0.17%
OKE	C	-0.18%
GTLS	F	-0.18%
VNO	B	-0.18%
AVAV	C	-0.18%
UEC	D	-0.18%
HI	F	-0.18%
BEAM	F	-0.18%
ENOV	F	-0.18%
TXG	D	-0.18%
CNH	C	-0.19%
KNSL	D	-0.19%
BIRK	F	-0.2%
BANC	C	-0.2%
XPO	D	-0.2%
BE	F	-0.2%
APD	B	-0.2%
LKQ	F	-0.2%
WOLF	F	-0.2%
NTLA	F	-0.2%
CINF	C	-0.2%
TFC	D	-0.2%
TTD	B	-0.2%
FCNCA	D	-0.2%
COLB	B	-0.21%
RBA	D	-0.21%
LUV	C	-0.21%
IRTC	F	-0.21%
TMDX	C	-0.21%
AJG	D	-0.21%
AGCO	D	-0.21%
EL	D	-0.21%
SHC	C	-0.22%
SBUX	C	-0.22%
WBA	F	-0.22%
TREX	F	-0.22%
GPOR	C	-0.22%
SOFI	D	-0.22%
CSCO	B	-0.23%
IPAR	D	-0.23%
COTY	D	-0.23%
XYL	C	-0.23%
WTM	F	-0.23%
SW	B	-0.24%
DXCM	F	-0.24%
CNX	B	-0.24%
RNR	B	-0.24%
FLYW	F	-0.24%
AEIS	D	-0.24%
VSH	F	-0.25%
WSC	D	-0.25%
BIO	C	-0.25%
SUM	D	-0.25%
EQT	C	-0.26%
PTEN	F	-0.26%
WAT	B	-0.26%
ALB	D	-0.26%
SITE	D	-0.27%
APLS	F	-0.27%
AL	C	-0.27%
HASI	C	-0.27%
GMED	D	-0.28%
GT	F	-0.28%
HSY	D	-0.28%
VVV	D	-0.28%
GE	C	-0.29%
CELH	F	-0.29%
LW	D	-0.29%
DLTR	F	-0.29%
FDS	C	-0.3%
PSA	C	-0.31%
INSP	D	-0.31%
LVS	C	-0.31%
SRE	B	-0.32%
TOST	C	-0.32%
D	C	-0.32%
NEOG	D	-0.32%
RVMD	C	-0.33%
EVTC	D	-0.33%
MARA	D	-0.33%
MRNA	F	-0.33%
MNST	D	-0.33%
ON	D	-0.34%
FOUR	C	-0.34%
LPLA	D	-0.35%
IAC	C	-0.35%
NDAQ	C	-0.35%
EXAS	D	-0.35%
ZI	D	-0.36%
BBIO	F	-0.36%
FIVN	F	-0.36%
ENPH	D	-0.36%
AFRM	D	-0.36%
MKTX	D	-0.36%
LYV	A	-0.37%
ADBE	F	-0.37%
KLIC	D	-0.37%
BA	F	-0.38%
ZBRA	B	-0.38%
RIOT	F	-0.39%
BRZE	F	-0.4%
RIVN	F	-0.4%
PATH	D	-0.4%
C	C	-0.42%
WBD	D	-0.43%
CCOI	C	-0.44%
CGNX	F	-0.44%
GLOB	D	-0.45%
TTWO	D	-0.46%
SATS	C	-0.46%
MDB	D	-0.47%
FIVE	D	-0.48%
DV	F	-0.49%
BILL	D	-0.49%
MCHP	D	-0.51%
CFLT	F	-0.53%
RH	C	-0.56%
POOL	C	-0.57%
LBRDK	C	-0.58%
SMCI	F	-0.58%
WDC	C	-0.6%
U	D	-0.63%
FND	C	-0.63%
LSCC	D	-0.65%
GFS	F	-0.67%
LITE	B	-0.73%
TXN	B	-0.86%
INTC	D	-0.89%

CLSE Underweight 1 Positions Relative to BWZ

	Symbol	Grade	Weight
	NOK	B	-0.0%