FTLS vs. CLSE ETF Comparison

Comparison of First Trust Long/Short Equity (FTLS) to Convergence Long/Short Equity ETF (CLSE)
FTLS

First Trust Long/Short Equity

FTLS Description

The investment seeks to provide investors with long-term total return. Under normal circumstances, at least 80% of the fund's assets (plus the amount of any borrowing for investment purposes) will be exposed to U.S. exchange-listed equity securities of U.S. and foreign companies by investing in such securities directly and/or in U.S. exchange-traded funds ("ETFs") that provide exposure to such securities. It may invest up to 20% of its net assets (plus the amount of any borrowing for investment purposes) in U.S. exchange-listed equity index futures contracts. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$65.74

Average Daily Volume

128,344

Number of Holdings *

384

* 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

$23.59

Average Daily Volume

65,624

Number of Holdings *

337

* may have additional holdings in another (foreign) market
Performance
Period FTLS CLSE
30 Days 1.17% 4.18%
60 Days 4.53% 7.10%
90 Days 3.65% 9.38%
12 Months 20.51% 39.93%
89 Overlapping Holdings
Symbol Grade Weight in FTLS Weight in CLSE Overlap
AAPL C 7.44% 0.83% 0.83%
ABM B 0.1% 0.19% 0.1%
ACIW B -0.05% 1.3% -0.05%
ACVA B -0.05% -0.11% -0.11%
ALB B -0.04% -0.16% -0.16%
ALL A 0.88% 0.45% 0.45%
ALSN B 0.2% 0.66% 0.2%
AMZN C 2.74% 2.53% 2.53%
APD A -0.7% -0.15% -0.7%
APO B -0.04% -0.35% -0.35%
AVAV C -0.07% -0.13% -0.13%
AVGO D 1.06% 2.28% 1.06%
BA F -0.07% -0.4% -0.4%
BE B -0.03% -0.21% -0.21%
BFH C 0.13% 0.88% 0.13%
BIRK D -0.03% -0.2% -0.2%
C A 2.18% -0.19% -0.19%
CARG B 0.09% 0.83% 0.09%
CCOI B -0.08% -0.33% -0.33%
CDNS B -0.69% -0.46% -0.69%
CF A 0.55% 0.37% 0.37%
CFLT B -0.04% -0.47% -0.47%
COHR B -0.02% -0.36% -0.36%
COTY F -0.02% -0.18% -0.18%
EBC B 0.07% -0.18% -0.18%
EQT B -0.04% -0.23% -0.23%
EXP B 0.35% 0.48% 0.35%
FFIV B 0.4% 0.6% 0.4%
FSLR F -0.02% -1.26% -1.26%
FTDR B 0.12% 0.58% 0.12%
GATX A -0.04% -0.2% -0.2%
GE D -0.03% -0.46% -0.46%
GEN B 0.45% 0.68% 0.45%
GM C 0.14% 0.87% 0.14%
GOOG C 1.17% 0.49% 0.49%
GOOGL C 1.4% 3.47% 1.4%
HQY A -0.13% 0.07% -0.13%
IDCC B -0.07% 1.51% -0.07%
ILMN C 1.13% 0.1% 0.1%
INTC C -0.15% -0.93% -0.93%
JAZZ B 0.31% 0.16% 0.16%
JNJ C 1.85% 0.83% 0.83%
JPM A 0.93% 0.64% 0.64%
KNSL B 0.22% -0.2% -0.2%
KR B -0.25% 0.17% -0.25%
KRG B 0.11% -0.17% -0.17%
LNG A 1.19% 0.97% 0.97%
LPX B 0.31% 0.43% 0.31%
MATX C 0.15% 0.22% 0.15%
META D 1.77% 3.3% 1.77%
MLM C -0.46% -0.13% -0.46%
MO A 1.51% 0.79% 0.79%
MU D -0.16% 2.13% -0.16%
NEOG F -0.03% -0.26% -0.26%
NFLX A -0.15% 0.79% -0.15%
NSC B -0.27% -0.1% -0.27%
NTAP C 0.75% 1.0% 0.75%
NTRS A 0.42% 1.08% 0.42%
NVDA B 4.84% 4.61% 4.61%
NVR D 0.55% 0.24% 0.24%
ORCL A -0.41% 1.33% -0.41%
OSK C -0.03% -0.16% -0.16%
PENN C 0.4% -0.05% -0.05%
PG C -0.26% 0.45% -0.26%
PNC B -0.51% 0.72% -0.51%
PPC C 0.11% 0.85% 0.11%
PRCT B -0.03% -0.22% -0.22%
QCOM F 1.88% 1.73% 1.73%
R B -0.09% 0.38% -0.09%
RH C -0.04% -0.47% -0.47%
RIVN F -0.02% -0.42% -0.42%
SAIA B -0.02% -0.22% -0.22%
SNPS B -0.29% -0.44% -0.44%
SOFI B -0.05% -0.28% -0.28%
SYF B 0.79% 1.11% 0.79%
TMUS B 2.32% 0.7% 0.7%
TOL B 0.65% 0.22% 0.22%
TSLA B -0.32% 1.22% -0.32%
TTWO A -0.33% -0.43% -0.43%
TXN C -0.36% -0.81% -0.81%
UHS D 0.19% 0.7% 0.19%
UMBF B 0.16% 0.66% 0.16%
VAL F -0.06% -0.27% -0.27%
VCYT B 0.09% 0.12% 0.09%
VLO C 1.43% 0.29% 0.29%
VMC B -0.16% -0.13% -0.16%
VVV D -0.1% -0.33% -0.33%
WMT A -0.03% 1.82% -0.03%
WST C -0.06% -0.59% -0.59%
FTLS Overweight 295 Positions Relative to CLSE
Symbol Grade Weight
MSFT D 4.45%
SCHW B 2.26%
LOW C 2.16%
ACN B 2.11%
PM B 1.92%
FDX B 1.69%
PH A 1.64%
CME B 1.57%
MPC D 1.37%
USB A 1.35%
KMI A 1.23%
CL D 1.17%
BRK.A B 1.13%
CTAS B 1.09%
TRV B 1.05%
TFC A 1.02%
FIS C 1.0%
HPQ B 1.0%
HWM A 0.97%
LLY F 0.84%
SYY D 0.83%
FANG C 0.83%
PBR D 0.73%
JBL C 0.73%
TWLO A 0.72%
AFL B 0.7%
RL C 0.67%
EAT A 0.65%
CSL C 0.6%
PNR A 0.56%
INSM C 0.54%
VLTO C 0.49%
BJ A 0.47%
MAS D 0.46%
VRSN C 0.45%
OKTA C 0.45%
CROX D 0.44%
ZIM C 0.44%
FLEX B 0.44%
GL C 0.41%
NVS F 0.41%
VICI C 0.4%
SWK D 0.4%
CAG F 0.38%
DBX B 0.36%
CRS B 0.34%
SNA A 0.33%
TKO A 0.32%
WRB A 0.32%
TTC C 0.31%
AYI B 0.29%
CCK D 0.29%
ALLY C 0.29%
PI D 0.27%
ASO F 0.27%
SPYV A 0.26%
SCHV A 0.26%
IWD A 0.26%
EWBC A 0.25%
CNK C 0.24%
RPRX D 0.23%
AIZ A 0.22%
SAM C 0.21%
WHD B 0.21%
MGY A 0.2%
MSM C 0.2%
COLB B 0.19%
HRB D 0.19%
EXEL B 0.19%
THO B 0.18%
PNFP B 0.17%
ALKS C 0.17%
GLBE B 0.17%
ADMA B 0.17%
CALM A 0.16%
STNG F 0.16%
TWST F 0.16%
SFM A 0.16%
ORI A 0.15%
PRI B 0.15%
CRC A 0.15%
SKYW C 0.15%
AXS A 0.14%
CSWI B 0.13%
PAA B 0.13%
GMS B 0.13%
CBSH B 0.13%
CBT D 0.13%
LEG F 0.13%
LOGI D 0.13%
GFF A 0.13%
SIGI C 0.13%
SMPL B 0.12%
ZWS B 0.12%
VRNA B 0.12%
MTG C 0.12%
TCBI C 0.11%
AM A 0.11%
ENLC A 0.11%
HESM B 0.11%
OPCH D 0.11%
BFAM D 0.11%
WGO C 0.11%
TBBK B 0.1%
LOPE C 0.1%
THG A 0.1%
MMS F 0.1%
NSA C 0.1%
ESNT F 0.09%
KFY B 0.09%
PRGS A 0.09%
DBRG F 0.09%
CUBI B 0.09%
LCII C 0.09%
YOU D 0.09%
GRBK D 0.09%
EXTR C 0.09%
GBCI B 0.09%
LANC C 0.08%
UBSI B 0.08%
RDFN D 0.08%
TXG F 0.08%
EPR C 0.08%
KMPR A 0.08%
BOH B 0.08%
FOLD F 0.08%
RLI A 0.08%
PAYO A 0.08%
NMIH C 0.07%
BCRX D 0.07%
FHB B 0.07%
PBH A 0.07%
PLXS B 0.07%
WMB A 0.07%
REVG C 0.07%
AVNT B 0.07%
HAYW B 0.07%
AZZ A 0.07%
ICFI F 0.06%
ADUS D 0.06%
WFG C 0.06%
BRC D 0.06%
OTEX F 0.06%
PLMR A 0.06%
AUB B 0.06%
ROIC A 0.06%
SUPN C 0.06%
MQ D 0.06%
COLL F 0.05%
TRMD F 0.05%
GSL F 0.05%
AMPH F 0.05%
CDNA D 0.04%
MYGN F 0.04%
VSAT F -0.01%
VIST B -0.02%
CBU B -0.02%
AMRK F -0.02%
GPRE F -0.02%
RXST F -0.02%
DNB B -0.02%
HLN C -0.02%
KD B -0.02%
FRO D -0.02%
HON C -0.02%
LKFN C -0.02%
UWMC D -0.02%
WOLF F -0.02%
AER A -0.02%
IBOC B -0.02%
NVEE F -0.02%
EA A -0.02%
CVX A -0.02%
RUN F -0.02%
ENS F -0.02%
ARM F -0.02%
ASPN F -0.02%
UTZ D -0.03%
HHH B -0.03%
PAR A -0.03%
ICHR C -0.03%
CNNE B -0.03%
GKOS B -0.03%
BVN D -0.03%
BURL B -0.03%
SDGR C -0.03%
OSIS A -0.03%
NWSA A -0.03%
RDY F -0.03%
CLH C -0.03%
PSMT D -0.03%
ARLO C -0.03%
AMRC F -0.03%
AZTA D -0.03%
TMO F -0.03%
DIOD D -0.03%
SLGN A -0.03%
FAST B -0.03%
AMD F -0.03%
STZ D -0.04%
CTRA B -0.04%
ATEC C -0.04%
ERJ A -0.04%
AMAT F -0.04%
FFIN B -0.04%
TFIN B -0.04%
MARA B -0.04%
IRTC C -0.04%
CRDO B -0.04%
APPN B -0.04%
ENR B -0.04%
RCL A -0.04%
LMND B -0.05%
AEO F -0.05%
VRRM F -0.05%
UPST B -0.05%
LYFT C -0.05%
DLB B -0.06%
CDW F -0.06%
COP C -0.06%
TTD B -0.06%
ZD B -0.06%
MSA F -0.06%
VNT C -0.07%
KTOS B -0.07%
MMYT B -0.07%
MUFG B -0.07%
SSB B -0.07%
SE A -0.07%
AVY F -0.07%
HCA F -0.07%
MAT D -0.08%
NSIT F -0.08%
NXPI D -0.08%
TRMB B -0.09%
DY D -0.09%
STM F -0.1%
GPC D -0.1%
ING F -0.1%
HII F -0.11%
ARGX B -0.11%
HAE C -0.11%
KEYS A -0.12%
SLB C -0.12%
BKR A -0.13%
STE D -0.13%
ABT B -0.14%
PKG A -0.15%
TM F -0.15%
ASX D -0.15%
IPG D -0.16%
INFY C -0.16%
GSK F -0.16%
SYK B -0.17%
EFX F -0.19%
URI C -0.2%
GWRE A -0.2%
BWXT B -0.2%
FMX F -0.2%
HSBC A -0.21%
PCAR B -0.22%
DEO F -0.22%
CCEP C -0.23%
PANW B -0.25%
TYL B -0.25%
GEHC D -0.26%
SAP B -0.27%
OMC C -0.27%
BABA D -0.28%
MMM D -0.3%
WAT C -0.3%
UL D -0.3%
LMT D -0.32%
ISRG A -0.32%
MDLZ F -0.33%
NOW A -0.35%
CMI A -0.36%
ZBH C -0.36%
BK A -0.37%
HDB C -0.38%
UNH B -0.4%
MCD D -0.41%
ASML F -0.41%
MSI B -0.43%
XOM B -0.45%
WM B -0.47%
DE B -0.48%
GD D -0.52%
VRSK A -0.55%
PAYX B -0.57%
PEP F -0.57%
ETN A -0.58%
LIN C -0.59%
CMCSA B -0.65%
DIS B -0.73%
FTLS Underweight 248 Positions Relative to CLSE
Symbol Grade Weight
APP B -2.25%
HPE B -1.92%
CVNA B -1.85%
ANET C -1.83%
GDDY A -1.42%
CVLT B -1.4%
DOCU B -1.37%
PYPL B -1.33%
JHG B -1.21%
NTNX B -1.16%
HD B -1.13%
BMY B -1.11%
GILD C -1.07%
SNEX B -1.06%
PLTR B -1.02%
SEIC B -0.95%
HALO F -0.9%
AMRX C -0.9%
COR B -0.86%
CAH B -0.86%
GVA A -0.84%
MLI B -0.84%
BAC A -0.81%
PRIM A -0.8%
THC D -0.78%
FITB B -0.78%
DVA C -0.78%
IESC C -0.77%
CPNG D -0.77%
EME A -0.75%
WFC A -0.75%
CNX A -0.74%
FTI A -0.74%
UTHR C -0.73%
ABBV F -0.72%
RF A -0.72%
STRL A -0.71%
ZION B -0.71%
CMA B -0.71%
NRG B -0.71%
CEIX A -0.7%
VRT B -0.68%
APH A -0.67%
MTZ B -0.66%
AVT C -0.66%
MWA B -0.65%
BLK B -0.65%
CHRW B -0.61%
EXPE B -0.61%
TSN B -0.6%
AMG B -0.58%
LDOS C -0.55%
VST A -0.55%
RGA A -0.55%
GLW B -0.52%
MET A -0.52%
SLVM B -0.5%
UI B -0.49%
CACI D -0.48%
PNW A -0.48%
AVA A -0.47%
UNP C -0.47%
PGR A -0.46%
DUOL A -0.45%
BKNG A -0.44%
CTRE C -0.42%
SCCO F -0.41%
RMD C -0.4%
JXN C -0.39%
SR A -0.38%
SPG A -0.37%
CNA C -0.37%
GRMN B -0.37%
OUT A -0.36%
EQR C -0.35%
CCL A -0.35%
CDP C -0.34%
RGLD C -0.32%
CNC D -0.31%
PTON A -0.31%
LAMR C -0.31%
J D -0.31%
MPWR F -0.3%
CVS D -0.29%
T A -0.29%
MDT D -0.29%
IIPR D -0.28%
APA D -0.25%
VRTX D -0.23%
NEM D -0.22%
EEFT B -0.22%
FLR B -0.21%
JLL D -0.2%
MUSA B -0.2%
BAH F -0.18%
NTRA A -0.17%
BOX B -0.17%
FOXA A -0.14%
EXPD C -0.14%
FN C -0.13%
PRU A -0.13%
VCTR B -0.12%
CINF A -0.12%
CDE C -0.11%
AEIS C -0.07%
INCY C -0.07%
QQQ B -0.0%
LNTH D -0.0%
LRCX F -0.0%
KNX C --0.06%
HGV C --0.06%
HUN F --0.07%
EXAS D --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 B --0.08%
GNTX C --0.09%
JBLU F --0.09%
MCW C --0.1%
ABG C --0.1%
ATO A --0.1%
ENPH F --0.11%
CGON F --0.11%
EL F --0.12%
RBA A --0.12%
FL F --0.12%
PCH F --0.12%
DLR B --0.13%
EXR C --0.13%
STLD B --0.13%
ALIT C --0.13%
BPOP C --0.14%
PYCR B --0.14%
DAY B --0.14%
REXR F --0.14%
ARWR D --0.14%
MKL A --0.14%
AA A --0.14%
EQIX A --0.14%
CZR F --0.15%
COLD D --0.15%
GTLS A --0.15%
CRL D --0.15%
RNR C --0.15%
DRVN B --0.15%
NARI C --0.16%
FIVN C --0.16%
BHF C --0.16%
XPO B --0.16%
LGIH F --0.16%
DAR C --0.16%
UHAL D --0.16%
AGO B --0.16%
EW C --0.16%
SITE F --0.16%
SW A --0.17%
TEX F --0.17%
TREX C --0.17%
MDGL B --0.17%
LKQ F --0.17%
MASI B --0.17%
AJG A --0.17%
ENOV C --0.18%
CHDN B --0.18%
UEC B --0.18%
AGCO D --0.18%
AL B --0.18%
CNH C --0.18%
BRKR D --0.18%
WAL B --0.19%
AIR B --0.19%
SRE A --0.2%
AESI B --0.21%
NOG B --0.21%
WTM A --0.21%
BANC B --0.22%
MTN C --0.22%
SUM B --0.22%
PSA C --0.23%
XYL 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 B --0.25%
LW C --0.25%
KEY B --0.25%
BILL A --0.26%
AUR C --0.26%
AWK C --0.26%
FOUR A --0.27%
STNE F --0.27%
TEAM A --0.27%
MSCI C --0.27%
PTEN C --0.27%
MNST C --0.28%
ESTC C --0.29%
MDB B --0.29%
XP F --0.29%
MKTX D --0.29%
CYTK F --0.3%
LYV A --0.3%
NDAQ A --0.3%
APLS F --0.3%
APTV F --0.32%
GTLB B --0.32%
LPLA A --0.34%
ZBRA B --0.34%
ABNB C --0.34%
INSP D --0.34%
FCNCA A --0.35%
AFRM A --0.35%
CACC D --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%
RBLX C --0.41%
DLTR F --0.41%
PINS F --0.41%
U C --0.41%
WBD B --0.43%
ALGM D --0.45%
DV C --0.45%
CGNX D --0.45%
MRNA F --0.47%
SMCI F --0.47%
CHTR C --0.48%
CSCO B --0.52%
FND D --0.53%
BRZE C --0.56%
FIVE F --0.56%
NWS A --0.57%
LITE B --0.6%
POOL C --0.61%
MCHP F --0.63%
DXCM C --0.63%
WDC D --0.65%
LSCC D --0.7%
ROP B --0.7%
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