CLSE vs. QARP ETF Comparison

Comparison of Convergence Long/Short Equity ETF (CLSE) to Xtrackers Russell 1000 US QARP ETF (QARP)

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

QARP

Xtrackers Russell 1000 US QARP ETF

QARP Description

The investment seeks investment results that correspond generally to the performance, before fees and expenses, of the Russell 1000 2Qual/Val 5% Capped Factor Index (the "underlying index"). The fund will invest at least 80% of its total assets (but typically far more) in component securities of the underlying index. The underlying index is designed to track the equity market performance of companies in the United States selected on the investment style criteria ("factors") of quality and value. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$52.05

Average Daily Volume

19,317

Number of Holdings ^*

344

* may have additional holdings in another (foreign) market

Performance

Period	CLSE	QARP
30 Days	1.80%	2.54%
60 Days	5.28%	4.48%
90 Days	2.71%	6.03%
12 Months	36.41%	26.63%

105 Overlapping Holdings

Symbol	Grade	Weight in CLSE	Weight in QARP	Overlap
AAL	D	-0.12%	0.03%	-0.12%
AAPL	C	2.17%	5.03%	2.17%
ABBV	B	1.03%	0.02%	0.02%
ADBE	F	-0.37%	0.93%	-0.37%
AGCO	D	-0.21%	0.06%	-0.21%
ALB	D	-0.26%	0.02%	-0.26%
ALSN	B	0.33%	0.03%	0.03%
AMG	C	1.02%	0.09%	0.09%
AMGN	D	0.55%	0.03%	0.03%
AMZN	C	2.44%	3.68%	2.44%
ANET	C	1.87%	0.12%	0.12%
BKNG	B	0.26%	0.67%	0.26%
BMY	C	0.5%	0.53%	0.5%
CAH	C	0.6%	0.38%	0.38%
CAT	B	0.34%	0.66%	0.34%
CCL	C	0.25%	0.04%	0.04%
CHK	C	-0.16%	0.06%	-0.16%
CHRW	B	0.63%	0.06%	0.06%
CINF	C	-0.2%	0.09%	-0.2%
CNC	D	0.73%	0.31%	0.31%
CPNG	B	0.27%	0.1%	0.1%
CSCO	B	-0.23%	1.8%	-0.23%
CVX	F	0.52%	1.42%	0.52%
DLTR	F	-0.29%	0.08%	-0.29%
DVN	F	0.58%	0.18%	0.18%
EL	D	-0.21%	0.03%	-0.21%
EME	B	0.84%	0.13%	0.13%
EXP	B	0.33%	0.06%	0.06%
EXPE	C	0.5%	0.14%	0.14%
FCNCA	D	-0.2%	0.13%	-0.2%
FCX	C	0.39%	0.04%	0.04%
FDS	C	-0.3%	0.1%	-0.3%
FDX	D	0.52%	0.35%	0.35%
FIVE	D	-0.48%	0.02%	-0.48%
FND	C	-0.63%	0.05%	-0.63%
GILD	B	0.93%	0.31%	0.31%
GM	C	0.56%	0.22%	0.22%
GOOG	D	1.25%	2.02%	1.25%
GOOGL	D	3.05%	2.24%	2.24%
GRMN	D	0.09%	0.13%	0.09%
HD	B	1.18%	1.97%	1.18%
HRB	C	0.51%	0.09%	0.09%
HSY	D	-0.28%	0.1%	-0.28%
INTC	D	-0.89%	0.07%	-0.89%
J	A	0.36%	0.04%	0.04%
JHG	B	0.99%	0.02%	0.02%
JNJ	C	0.96%	2.59%	0.96%
KLAC	D	0.46%	0.21%	0.21%
KMB	C	0.39%	0.16%	0.16%
KNSL	D	-0.19%	0.04%	-0.19%
KR	B	0.17%	0.28%	0.17%
LAMR	B	0.43%	0.03%	0.03%
LKQ	F	-0.2%	0.03%	-0.2%
LMT	A	0.53%	0.77%	0.53%
LPLA	D	-0.35%	0.14%	-0.35%
LUV	C	-0.21%	0.1%	-0.21%
LVS	C	-0.31%	0.04%	-0.31%
LYV	A	-0.37%	0.07%	-0.37%
MCHP	D	-0.51%	0.04%	-0.51%
MCK	F	0.45%	0.98%	0.45%
META	B	3.19%	5.14%	3.19%
MKTX	D	-0.36%	0.05%	-0.36%
MNST	D	-0.33%	0.14%	-0.33%
MO	C	0.77%	0.59%	0.59%
MPC	F	0.74%	0.27%	0.27%
MRK	F	0.54%	0.39%	0.39%
MRNA	F	-0.33%	0.09%	-0.33%
MRO	D	0.41%	0.11%	0.11%
MSFT	C	1.12%	2.17%	1.12%
MTZ	C	0.56%	0.02%	0.02%
MU	D	0.97%	0.32%	0.32%
MUSA	D	0.47%	0.05%	0.05%
NTAP	D	1.88%	0.07%	0.07%
NVDA	C	3.93%	0.15%	0.15%
NVR	B	0.31%	0.25%	0.25%
ON	D	-0.34%	0.05%	-0.34%
ORCL	B	1.23%	0.04%	0.04%
PG	C	0.72%	1.41%	0.72%
PGR	C	0.54%	0.06%	0.06%
POOL	C	-0.57%	0.06%	-0.57%
PSA	C	-0.31%	0.34%	-0.31%
PYPL	B	1.03%	0.31%	0.31%
QCOM	D	2.6%	0.28%	0.28%
RNR	B	-0.24%	0.06%	-0.24%
SBUX	C	-0.22%	0.52%	-0.22%
SEIC	B	0.82%	0.06%	0.06%
SJM	C	-0.15%	0.03%	-0.15%
SPG	B	0.4%	0.19%	0.19%
SYF	C	0.9%	0.11%	0.11%
T	B	1.03%	0.68%	0.68%
TOL	A	0.35%	0.08%	0.08%
TSLA	C	0.58%	0.6%	0.58%
TSN	D	0.57%	0.04%	0.04%
TXN	B	-0.86%	0.39%	-0.86%
UHS	C	0.82%	0.06%	0.06%
UNP	D	0.59%	0.13%	0.13%
VLO	F	0.8%	0.18%	0.18%
VST	B	0.59%	0.14%	0.14%
VVV	D	-0.28%	0.03%	-0.28%
WAT	B	-0.26%	0.02%	-0.26%
WBD	D	-0.43%	0.04%	-0.43%
WMT	B	1.95%	2.74%	1.95%
WTW	B	-0.1%	0.03%	-0.1%
WY	C	-0.16%	0.09%	-0.16%
XOM	D	0.59%	3.16%	0.59%

CLSE Overweight 220 Positions Relative to QARP

Symbol	Grade	Weight
AVGO	C	2.6%
APP	C	1.96%
CVNA	B	1.74%
IBM	B	1.71%
CVLT	B	1.64%
HPE	C	1.63%
GDDY	C	1.55%
DOCU	C	1.21%
ACIW	B	1.14%
HALO	D	1.05%
SNEX	C	1.03%
NTRS	C	0.98%
AVT	B	0.92%
AMRX	C	0.89%
OGN	D	0.89%
THC	C	0.85%
DVA	B	0.84%
IDCC	B	0.83%
BAC	D	0.82%
NTNX	D	0.8%
MLI	B	0.77%
FTDR	B	0.76%
UMBF	C	0.73%
PPC	D	0.73%
BG	F	0.72%
JXN	B	0.69%
IIPR	B	0.68%
GVA	B	0.65%
STRL	C	0.65%
FITB	B	0.62%
OSCR	D	0.6%
JPM	D	0.6%
RF	B	0.59%
PATK	C	0.58%
PRIM	B	0.57%
WFC	D	0.57%
CFG	D	0.57%
SLVM	C	0.56%
ADMA	C	0.56%
NRG	B	0.56%
AVA	B	0.55%
PNW	C	0.55%
NEE	B	0.55%
MET	B	0.55%
IESC	B	0.54%
RGA	C	0.54%
MWA	B	0.54%
NEM	C	0.53%
VRT	C	0.51%
NSA	C	0.49%
CNA	D	0.49%
RTX	B	0.49%
LNTH	D	0.47%
EEFT	F	0.46%
ACT	C	0.46%
REZI	D	0.44%
EQR	C	0.43%
RGLD	C	0.42%
SCCO	C	0.4%
LDOS	A	0.4%
SAIC	C	0.39%
KNF	C	0.38%
CTRE	C	0.36%
BCO	B	0.34%
ABM	D	0.34%
GLW	B	0.33%
SM	F	0.33%
STAG	D	0.33%
IBP	C	0.33%
NFLX	B	0.31%
VTRS	D	0.31%
JLL	B	0.3%
ANF	D	0.23%
MHO	B	0.19%
NTRA	C	0.15%
SPOT	C	0.13%
ADUS	C	0.12%
ALNY	C	0.12%
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%
HHH	C	-0.11%
ACVA	C	-0.11%
AGL	F	-0.11%
PGNY	F	-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%
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%
WTRG	D	-0.16%
ILMN	D	-0.16%
AESI	D	-0.16%
KRG	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%
BIRK	F	-0.2%
BANC	C	-0.2%
XPO	D	-0.2%
BE	F	-0.2%
APD	B	-0.2%
WOLF	F	-0.2%
NTLA	F	-0.2%
TFC	D	-0.2%
TTD	B	-0.2%
COLB	B	-0.21%
RBA	D	-0.21%
IRTC	F	-0.21%
TMDX	C	-0.21%
AJG	D	-0.21%
SHC	C	-0.22%
WBA	F	-0.22%
TREX	F	-0.22%
GPOR	C	-0.22%
SOFI	D	-0.22%
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%
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%
SITE	D	-0.27%
APLS	F	-0.27%
AL	C	-0.27%
HASI	C	-0.27%
GMED	D	-0.28%
GT	F	-0.28%
GE	C	-0.29%
CELH	F	-0.29%
LW	D	-0.29%
INSP	D	-0.31%
PEN	D	-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%
FOUR	C	-0.34%
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%
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%
CCOI	C	-0.44%
CGNX	F	-0.44%
GLOB	D	-0.45%
TTWO	D	-0.46%
SATS	C	-0.46%
MDB	D	-0.47%
DV	F	-0.49%
BILL	D	-0.49%
CFLT	F	-0.53%
RH	C	-0.56%
LBRDK	C	-0.58%
SMCI	F	-0.58%
WDC	C	-0.6%
U	D	-0.63%
LSCC	D	-0.65%
GFS	F	-0.67%
LITE	B	-0.73%

CLSE Underweight 239 Positions Relative to QARP

Symbol	Grade	Weight
BRK.A	C	-5.27%
COST	C	-2.33%
UNH	C	-2.32%
V	C	-1.75%
MA	B	-1.54%
ACN	C	-1.12%
TJX	C	-0.83%
AMAT	D	-0.83%
CMCSA	C	-0.82%
LOW	B	-0.78%
COP	F	-0.78%
VZ	A	-0.72%
ELV	D	-0.64%
CI	C	-0.62%
MMC	C	-0.58%
PFE	D	-0.57%
PM	C	-0.53%
EOG	D	-0.48%
LRCX	D	-0.48%
LEN	B	-0.47%
TGT	C	-0.42%
UPS	D	-0.41%
MCD	B	-0.4%
NUE	D	-0.39%
REGN	D	-0.39%
DHI	C	-0.38%
MCO	C	-0.35%
HUM	F	-0.35%
ORLY	B	-0.35%
AZO	B	-0.34%
NKE	D	-0.34%
SYY	C	-0.33%
AON	B	-0.32%
HCA	B	-0.32%
ADM	D	-0.32%
ITW	B	-0.31%
CTSH	B	-0.29%
ROST	C	-0.28%
ACGL	B	-0.27%
DE	A	-0.26%
BBY	A	-0.26%
GWW	B	-0.25%
TROW	C	-0.24%
CL	C	-0.24%
PHM	B	-0.24%
CMI	B	-0.23%
VRTX	D	-0.22%
ABT	C	-0.22%
URI	B	-0.22%
ABNB	D	-0.22%
KVUE	B	-0.21%
STLD	C	-0.21%
PCAR	D	-0.21%
MSCI	C	-0.21%
CVS	D	-0.2%
ADP	C	-0.2%
PAYX	C	-0.19%
BLDR	C	-0.19%
FANG	F	-0.19%
FAST	C	-0.19%
ODFL	D	-0.18%
EA	D	-0.18%
WSM	C	-0.18%
ISRG	C	-0.17%
ULTA	D	-0.17%
DAL	C	-0.17%
FTNT	B	-0.17%
RS	D	-0.16%
TSCO	B	-0.16%
GEV	B	-0.15%
GEHC	B	-0.15%
LULU	D	-0.15%
DRI	C	-0.14%
COF	B	-0.14%
SLB	F	-0.14%
EXPD	B	-0.14%
PSX	F	-0.13%
CF	B	-0.13%
MTG	B	-0.12%
CHTR	D	-0.12%
KEYS	B	-0.12%
MMM	B	-0.12%
OC	C	-0.12%
LYB	D	-0.11%
CMG	D	-0.11%
MTD	C	-0.11%
MAR	B	-0.11%
SOLV	D	-0.11%
CASY	D	-0.11%
DECK	C	-0.11%
ADI	C	-0.1%
EVR	B	-0.1%
UTHR	B	-0.1%
A	C	-0.1%
DKS	D	-0.1%
SNA	B	-0.1%
BJ	D	-0.1%
GIS	B	-0.1%
CTRA	F	-0.1%
ROK	D	-0.09%
CBRE	B	-0.09%
EBAY	B	-0.09%
TPR	A	-0.09%
SWKS	F	-0.09%
CTAS	C	-0.08%
PFGC	B	-0.08%
WSO	C	-0.08%
CBOE	C	-0.08%
GPC	D	-0.08%
VICI	C	-0.08%
HPQ	C	-0.08%
MAS	B	-0.08%
DOW	C	-0.08%
WST	D	-0.08%
AMD	C	-0.08%
BKR	C	-0.08%
CSX	C	-0.07%
AYI	B	-0.07%
GGG	C	-0.07%
DOX	C	-0.07%
MOH	D	-0.07%
ATO	B	-0.07%
TT	B	-0.07%
SPGI	C	-0.07%
AOS	B	-0.07%
BLD	C	-0.06%
ADSK	B	-0.06%
INCY	C	-0.06%
ALGN	D	-0.06%
EW	F	-0.06%
EG	B	-0.06%
K	A	-0.06%
HAL	F	-0.06%
SKX	C	-0.06%
OXY	F	-0.06%
UAL	B	-0.06%
VRSN	C	-0.06%
RHI	D	-0.06%
CPRT	D	-0.06%
LNG	D	-0.06%
TXT	D	-0.06%
FICO	B	-0.06%
BWA	C	-0.06%
APTV	D	-0.06%
CLX	C	-0.06%
MOS	F	-0.05%
CHRD	F	-0.05%
LEA	D	-0.05%
JBHT	D	-0.05%
PKG	B	-0.05%
HOLX	D	-0.05%
RL	B	-0.05%
ITT	B	-0.05%
JKHY	B	-0.05%
LSTR	D	-0.05%
CSL	B	-0.05%
TXRH	B	-0.05%
PWR	B	-0.05%
JBL	C	-0.05%
MGM	D	-0.05%
CLF	F	-0.05%
YUM	B	-0.05%
BX	C	-0.05%
FFIV	B	-0.05%
ACI	F	-0.05%
OSK	F	-0.04%
ACM	B	-0.04%
EPAM	F	-0.04%
MEDP	F	-0.04%
USFD	C	-0.04%
JNPR	A	-0.04%
X	F	-0.04%
LPX	B	-0.04%
CNP	C	-0.04%
AMCR	B	-0.04%
CE	D	-0.04%
TER	C	-0.04%
NYT	B	-0.04%
ARMK	B	-0.04%
LECO	D	-0.04%
LLY	D	-0.04%
DBX	C	-0.04%
IP	C	-0.04%
CHE	C	-0.04%
FIX	B	-0.04%
COKE	C	-0.04%
GNTX	D	-0.04%
INGR	B	-0.04%
CNM	F	-0.04%
SAIA	D	-0.04%
DCI	C	-0.04%
OTIS	B	-0.04%
BURL	C	-0.04%
TTEK	C	-0.03%
APA	F	-0.03%
LOPE	D	-0.03%
EXEL	C	-0.03%
OVV	F	-0.03%
SSD	C	-0.03%
FOXA	B	-0.03%
KNX	C	-0.03%
OLN	D	-0.03%
MHK	B	-0.03%
DPZ	D	-0.03%
HII	F	-0.03%
PVH	D	-0.03%
THO	C	-0.03%
GLPI	C	-0.03%
GAP	F	-0.03%
MSM	D	-0.03%
DGX	B	-0.03%
ROL	C	-0.03%
FCN	C	-0.03%
HLI	C	-0.03%
TAP	D	-0.03%
CRUS	D	-0.03%
RPRX	C	-0.03%
PAYC	D	-0.03%
COIN	F	-0.03%
PII	D	-0.03%
HST	D	-0.03%
ALK	B	-0.03%
CROX	C	-0.03%
WYNN	C	-0.03%
BBWI	D	-0.02%
AR	C	-0.02%
DINO	F	-0.02%
CDNS	D	-0.02%
BIIB	F	-0.02%
NEU	D	-0.02%
CDW	D	-0.02%
G	C	-0.02%
RLI	B	-0.02%
CTVA	B	-0.02%
DD	B	-0.02%
M	F	-0.02%
CPB	C	-0.02%
PINC	D	-0.02%
IWB	A	-0.0%