CLSE vs. PFUT ETF Comparison

Comparison of Convergence Long/Short Equity ETF (CLSE) to Putnam Sustainable Future ETF (PFUT)

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

$23.68

Average Daily Volume

66,024

Number of Holdings ^*

337

* may have additional holdings in another (foreign) market

PFUT

Putnam Sustainable Future ETF

PFUT Description

The investment seeks long-term capital appreciation. The fund invests mainly in common stocks of U.S. companies of any size, with a focus on companies whose products and services provide solutions that directly contribute to sustainable social, environmental and economic development (Impact Companies). Under normal circumstances, the fund invests at least 80% of the value of its net assets in securities that meet Putnam Management?s sustainability criteria. In applying these criteria, Putnam Management will assign each company a proprietary environmental, social and/or corporate governance (ESG) rating ranging from 1 to 4.

Grade (RS Rating)

Last Trade

$26.45

Average Daily Volume

23,002

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	CLSE	PFUT
30 Days	4.69%	5.25%
60 Days	6.81%	5.80%
90 Days	9.38%	7.43%
12 Months	39.93%	33.33%

16 Overlapping Holdings

Symbol	Grade	Weight in CLSE	Weight in PFUT	Overlap
CDNS	B	-0.46%	1.46%	-0.46%
DAR	C	-0.16%	1.33%	-0.16%
EXAS	D	-0.07%	1.36%	-0.07%
FSLR	F	-1.26%	0.61%	-1.26%
HQY	B	0.07%	1.2%	0.07%
MSCI	C	-0.27%	1.86%	-0.27%
MTN	C	-0.22%	1.36%	-0.22%
NRG	B	0.71%	0.76%	0.71%
PINS	D	-0.41%	1.54%	-0.41%
RMD	C	0.4%	1.49%	0.4%
ROP	B	-0.7%	2.1%	-0.7%
SNPS	B	-0.44%	0.98%	-0.44%
SUM	B	-0.22%	1.23%	-0.22%
VRT	B	0.68%	2.09%	0.68%
XYL	D	-0.23%	1.6%	-0.23%
ZBRA	B	-0.34%	1.31%	-0.34%

CLSE Overweight 321 Positions Relative to PFUT

Symbol	Grade	Weight
NVDA	C	4.61%
GOOGL	C	3.47%
META	D	3.3%
AMZN	C	2.53%
AVGO	D	2.28%
APP	B	2.25%
MU	D	2.13%
HPE	B	1.92%
CVNA	B	1.85%
ANET	C	1.83%
WMT	A	1.82%
QCOM	F	1.73%
IDCC	A	1.51%
GDDY	A	1.42%
CVLT	B	1.4%
DOCU	A	1.37%
PYPL	B	1.33%
ORCL	B	1.33%
ACIW	B	1.3%
TSLA	B	1.22%
JHG	A	1.21%
NTNX	A	1.16%
HD	A	1.13%
SYF	B	1.11%
BMY	B	1.11%
NTRS	A	1.08%
GILD	C	1.07%
SNEX	B	1.06%
PLTR	B	1.02%
NTAP	C	1.0%
LNG	B	0.97%
SEIC	B	0.95%
HALO	F	0.9%
AMRX	C	0.9%
BFH	B	0.88%
GM	B	0.87%
COR	B	0.86%
CAH	B	0.86%
PPC	C	0.85%
GVA	A	0.84%
MLI	C	0.84%
CARG	C	0.83%
AAPL	C	0.83%
JNJ	D	0.83%
BAC	A	0.81%
PRIM	A	0.8%
MO	A	0.79%
NFLX	A	0.79%
THC	D	0.78%
FITB	A	0.78%
DVA	B	0.78%
IESC	B	0.77%
CPNG	D	0.77%
EME	C	0.75%
WFC	A	0.75%
CNX	A	0.74%
FTI	A	0.74%
UTHR	C	0.73%
PNC	B	0.72%
ABBV	D	0.72%
RF	A	0.72%
STRL	B	0.71%
ZION	B	0.71%
CMA	A	0.71%
UHS	D	0.7%
TMUS	B	0.7%
CEIX	A	0.7%
GEN	B	0.68%
APH	A	0.67%
UMBF	B	0.66%
ALSN	B	0.66%
MTZ	B	0.66%
AVT	C	0.66%
MWA	B	0.65%
BLK	C	0.65%
JPM	A	0.64%
CHRW	C	0.61%
EXPE	B	0.61%
TSN	B	0.6%
FFIV	B	0.6%
FTDR	A	0.58%
AMG	B	0.58%
LDOS	C	0.55%
VST	B	0.55%
RGA	A	0.55%
GLW	B	0.52%
MET	A	0.52%
SLVM	B	0.5%
GOOG	C	0.49%
UI	A	0.49%
EXP	A	0.48%
CACI	D	0.48%
PNW	B	0.48%
AVA	A	0.47%
UNP	C	0.47%
PGR	A	0.46%
DUOL	A	0.45%
PG	A	0.45%
ALL	A	0.45%
BKNG	A	0.44%
LPX	B	0.43%
CTRE	D	0.42%
SCCO	F	0.41%
JXN	C	0.39%
SR	A	0.38%
R	B	0.38%
SPG	B	0.37%
CNA	B	0.37%
CF	B	0.37%
GRMN	B	0.37%
OUT	A	0.36%
EQR	B	0.35%
CCL	B	0.35%
CDP	C	0.34%
RGLD	C	0.32%
CNC	D	0.31%
PTON	B	0.31%
LAMR	D	0.31%
J	F	0.31%
MPWR	F	0.3%
CVS	D	0.29%
VLO	C	0.29%
T	A	0.29%
MDT	D	0.29%
IIPR	D	0.28%
APA	D	0.25%
NVR	D	0.24%
VRTX	F	0.23%
MATX	C	0.22%
NEM	D	0.22%
TOL	B	0.22%
EEFT	B	0.22%
FLR	B	0.21%
JLL	D	0.2%
MUSA	A	0.2%
ABM	B	0.19%
BAH	F	0.18%
KR	B	0.17%
NTRA	B	0.17%
BOX	B	0.17%
JAZZ	B	0.16%
FOXA	B	0.14%
EXPD	D	0.14%
FN	D	0.13%
PRU	A	0.13%
VCTR	B	0.12%
VCYT	B	0.12%
CINF	A	0.12%
CDE	D	0.11%
ILMN	D	0.1%
AEIS	B	0.07%
INCY	C	0.07%
QQQ	B	0.0%
LNTH	D	0.0%
LRCX	F	0.0%
PENN	C	-0.05%
KNX	B	-0.06%
HGV	B	-0.06%
HUN	F	-0.07%
RYN	D	-0.07%
COOP	B	-0.07%
CCS	D	-0.07%
BC	C	-0.08%
JOE	F	-0.08%
AES	F	-0.08%
FLYW	C	-0.08%
GNTX	C	-0.09%
JBLU	F	-0.09%
NSC	B	-0.1%
MCW	B	-0.1%
ABG	B	-0.1%
ATO	A	-0.1%
ACVA	B	-0.11%
ENPH	F	-0.11%
CGON	F	-0.11%
EL	F	-0.12%
RBA	A	-0.12%
FL	F	-0.12%
PCH	D	-0.12%
DLR	B	-0.13%
EXR	D	-0.13%
STLD	B	-0.13%
AVAV	D	-0.13%
ALIT	C	-0.13%
VMC	B	-0.13%
MLM	B	-0.13%
BPOP	B	-0.14%
PYCR	C	-0.14%
DAY	B	-0.14%
REXR	F	-0.14%
ARWR	F	-0.14%
MKL	A	-0.14%
AA	B	-0.14%
EQIX	A	-0.14%
CZR	F	-0.15%
COLD	D	-0.15%
APD	A	-0.15%
GTLS	B	-0.15%
CRL	C	-0.15%
RNR	C	-0.15%
DRVN	B	-0.15%
NARI	C	-0.16%
FIVN	C	-0.16%
BHF	B	-0.16%
XPO	B	-0.16%
OSK	B	-0.16%
LGIH	D	-0.16%
ALB	C	-0.16%
UHAL	D	-0.16%
AGO	B	-0.16%
EW	C	-0.16%
SITE	D	-0.16%
SW	A	-0.17%
TEX	D	-0.17%
TREX	C	-0.17%
MDGL	B	-0.17%
LKQ	D	-0.17%
MASI	A	-0.17%
AJG	B	-0.17%
KRG	B	-0.17%
ENOV	C	-0.18%
CHDN	B	-0.18%
UEC	B	-0.18%
EBC	B	-0.18%
AGCO	D	-0.18%
COTY	F	-0.18%
AL	B	-0.18%
CNH	C	-0.18%
BRKR	D	-0.18%
C	A	-0.19%
WAL	B	-0.19%
AIR	B	-0.19%
KNSL	B	-0.2%
SRE	A	-0.2%
GATX	A	-0.2%
BIRK	D	-0.2%
BE	B	-0.21%
AESI	B	-0.21%
NOG	A	-0.21%
WTM	A	-0.21%
PRCT	B	-0.22%
BANC	A	-0.22%
SAIA	B	-0.22%
EQT	B	-0.23%
PSA	D	-0.23%
WTRG	B	-0.24%
ELF	C	-0.24%
IONS	F	-0.24%
GPOR	B	-0.24%
CELH	F	-0.24%
HSY	F	-0.24%
DELL	C	-0.25%
LW	C	-0.25%
KEY	B	-0.25%
BILL	A	-0.26%
NEOG	F	-0.26%
AUR	C	-0.26%
AWK	D	-0.26%
VAL	D	-0.27%
FOUR	B	-0.27%
STNE	F	-0.27%
TEAM	A	-0.27%
PTEN	C	-0.27%
MNST	C	-0.28%
SOFI	A	-0.28%
ESTC	C	-0.29%
MDB	C	-0.29%
XP	F	-0.29%
MKTX	D	-0.29%
CYTK	F	-0.3%
LYV	A	-0.3%
NDAQ	A	-0.3%
APLS	D	-0.3%
APTV	D	-0.32%
GTLB	B	-0.32%
VVV	F	-0.33%
CCOI	B	-0.33%
LPLA	A	-0.34%
ABNB	C	-0.34%
INSP	D	-0.34%
FCNCA	A	-0.35%
APO	B	-0.35%
AFRM	B	-0.35%
CACC	D	-0.36%
COHR	B	-0.36%
BBIO	F	-0.36%
ZI	D	-0.36%
BEN	C	-0.36%
ON	D	-0.39%
DG	F	-0.4%
SATS	D	-0.4%
BA	F	-0.4%
RBLX	C	-0.41%
DLTR	F	-0.41%
U	C	-0.41%
RIVN	F	-0.42%
TTWO	A	-0.43%
WBD	C	-0.43%
ALGM	D	-0.45%
DV	C	-0.45%
CGNX	C	-0.45%
GE	D	-0.46%
MRNA	F	-0.47%
SMCI	F	-0.47%
RH	B	-0.47%
CFLT	B	-0.47%
CHTR	C	-0.48%
CSCO	B	-0.52%
FND	C	-0.53%
BRZE	C	-0.56%
FIVE	F	-0.56%
NWS	B	-0.57%
WST	C	-0.59%
LITE	B	-0.6%
POOL	C	-0.61%
MCHP	D	-0.63%
DXCM	D	-0.63%
WDC	D	-0.65%
LSCC	D	-0.7%
TXN	C	-0.81%
INTC	D	-0.93%

CLSE Underweight 63 Positions Relative to PFUT

Symbol	Grade	Weight
ISRG	A	-2.13%
SFM	A	-2.07%
DDOG	A	-2.02%
IT	C	-1.92%
TMO	F	-1.88%
VRSK	A	-1.88%
CEG	D	-1.86%
DHR	F	-1.83%
MA	C	-1.77%
NEE	D	-1.72%
TPG	A	-1.71%
FSS	B	-1.67%
NOW	A	-1.64%
PWR	A	-1.58%
COF	B	-1.52%
HASI	D	-1.52%
HUBS	A	-1.39%
CWST	A	-1.38%
FWRG	C	-1.36%
PEN	B	-1.34%
RRX	B	-1.32%
ADBE	C	-1.27%
GPK	C	-1.27%
CTAS	B	-1.25%
CPB	D	-1.24%
STX	D	-1.24%
ICLR	D	-1.22%
WY	D	-1.2%
COIN	C	-1.19%
ADI	D	-1.16%
VERX	B	-1.15%
ZTS	D	-1.13%
ALTR	B	-1.12%
FICO	B	-1.1%
ONON	A	-1.06%
AMAT	F	-1.05%
TRMB	B	-1.05%
IDXX	F	-1.01%
CMG	B	-0.99%
ASML	F	-0.98%
MTD	D	-0.96%
CNM	D	-0.95%
UBER	D	-0.95%
LULU	C	-0.94%
LEVI	F	-0.85%
TTEK	F	-0.79%
VRRM	D	-0.76%
HAS	D	-0.76%
REGN	F	-0.73%
AZN	D	-0.7%
KKR	A	-0.7%
GEV	B	-0.69%
ARGX	A	-0.67%
BMRN	D	-0.62%
PL	A	-0.55%
GWRE	A	-0.52%
ECL	D	-0.51%
SGBX	F	-0.51%
ASND	D	-0.44%
TWST	D	-0.4%
URI	B	-0.38%
RCKT	F	-0.27%
CMPS	F	-0.19%