JPST vs. CLSE ETF Comparison

Comparison of JPMorgan Ultra-Short Income ETF (JPST) to Convergence Long/Short Equity ETF (CLSE)

JPST

JPMorgan Ultra-Short Income ETF

JPST Description

The investment seeks to provide total return. Under normal circumstances, the fund will invest at least 80% of its assets in bonds. It will invest at least 40% of its assets in countries other than the United States. The fund may invest in developed or emerging markets. It generally invests at least 25% of its assets in securities that, at the time of purchase are rated investment grade or the unrated equivalent. "Assets" means net assets plus the amount of borrowings for investment purposes. The fund may also use currency related transactions involving currency derivatives as part of its primary investment strategy.

Grade (RS Rating)

Last Trade

$50.39

Average Daily Volume

3,843,229

Number of Holdings ^*

112

* 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

$20.92

Average Daily Volume

44,551

Number of Holdings ^*

343

* may have additional holdings in another (foreign) market

Performance

Period	JPST	CLSE
30 Days	0.10%	5.14%
60 Days	0.40%	4.93%
90 Days	0.91%	10.49%
12 Months	3.04%	39.32%

31 Overlapping Holdings

Symbol	Grade	Weight in JPST	Weight in CLSE	Overlap
AAPL	B	0.12%	1.09%	0.12%
ABBV	D	0.04%	0.84%	0.04%
ATO	C	0.3%	-0.22%	-0.22%
BA	F	0.18%	-0.53%	-0.53%
BAC	A	0.01%	0.77%	0.01%
BCC	D	0.03%	0.56%	0.03%
BG	B	0.06%	0.7%	0.06%
BX	C	0.07%	-0.34%	-0.34%
CAT	C	0.01%	0.56%	0.01%
CI	D	0.08%	0.62%	0.08%
COF	B	0.04%	-0.16%	-0.16%
D	A	0.17%	-0.34%	-0.34%
DHR	B	0.01%	-0.23%	-0.23%
FITB	A	0.1%	0.73%	0.1%
GM	B	0.1%	0.68%	0.1%
GS	A	0.01%	-0.3%	-0.3%
IBM	D	0.01%	1.19%	0.01%
JBHT	D	0.09%	-0.08%	-0.08%
KR	C	0.07%	0.31%	0.07%
LDOS	A	0.26%	0.51%	0.26%
MS	A	0.05%	-0.31%	-0.31%
NEE	B	0.03%	0.53%	0.03%
ORCL	D	0.04%	-0.52%	-0.52%
PFE	C	0.01%	0.87%	0.01%
PSX	D	0.01%	0.73%	0.01%
SNX	A	0.23%	1.78%	0.23%
T	B	0.14%	0.9%	0.14%
TFC	A	0.01%	-0.27%	-0.27%
VTRS	D	0.1%	0.81%	0.1%
WFC	A	0.11%	0.72%	0.11%
XOM	B	0.06%	0.74%	0.06%

JPST Overweight 81 Positions Relative to CLSE

Symbol	Grade	Weight
CASH	B	2.2%
TMO	B	0.74%
AZN	A	0.57%
EQH	A	0.35%
KDP	A	0.31%
CCEP	A	0.3%
MCD	D	0.29%
BXMT	F	0.25%
TDY	D	0.22%
HART	A	0.19%
OGS	C	0.17%
VZ	C	0.16%
ETR	A	0.16%
CNP	B	0.14%
PXD	B	0.13%
GILD	F	0.13%
DB	B	0.13%
CAG	B	0.13%
SO	A	0.11%
HUM	D	0.09%
WEC	B	0.09%
MLM	C	0.09%
IFF	A	0.08%
STT	B	0.08%
DT	D	0.08%
NEM	B	0.08%
DUK	A	0.08%
CFG	A	0.07%
HSBC	C	0.07%
SBUX	F	0.06%
ACR	B	0.06%
SEB	D	0.06%
AEP	A	0.05%
AL	C	0.05%
BHF	F	0.04%
KKR	B	0.04%
MDLZ	B	0.04%
PL	F	0.04%
ARES	A	0.03%
CHD	A	0.03%
R	A	0.03%
ROP	D	0.03%
BMO	C	0.03%
HON	C	0.02%
WLK	B	0.02%
MSC	C	0.02%
ETN	B	0.02%
AZO	D	0.02%
GSK	A	0.02%
DIS	D	0.02%
AER	A	0.02%
BNS	D	0.02%
EPD	B	0.01%
ABT	F	0.01%
ICE	D	0.01%
MCO	A	0.01%
CSL	A	0.01%
BMY	F	0.01%
SCHW	A	0.01%
PNC	A	0.01%
BK	A	0.01%
UNH	B	0.01%
MMM	A	0.01%
AXP	A	0.01%
PM	A	0.01%
HBAN	A	0.01%
ES	B	0.01%
JXN	B	0.01%
MET	B	0.01%
UBS	C	0.01%
RY	A	0.01%
DE	B	0.01%
KEY	B	0.01%
MUFG	C	0.01%
NWG	A	0.01%
TD	F	0.01%
PFG	C	0.01%
CM	C	0.01%
USB	D	0.01%
C	A	0.01%
AIG	A	0.01%

JPST Underweight 312 Positions Relative to CLSE

Symbol	Grade	Weight
NVDA	B	-3.76%
MSFT	C	-3.38%
AMZN	B	-3.35%
GOOGL	B	-2.67%
QCOM	A	-2.54%
GOOG	B	-2.36%
APP	B	-2.25%
MU	B	-2.21%
META	D	-2.13%
AMAT	C	-2.13%
ANET	B	-1.95%
NTAP	B	-1.74%
NTNX	A	-1.7%
WMT	B	-1.32%
CRWD	C	-1.27%
NFLX	C	-1.1%
HD	D	-1.08%
GDDY	A	-1.04%
APPF	B	-1.04%
MUSA	A	-0.99%
DOCU	B	-0.97%
PAGS	D	-0.93%
CRBG	B	-0.92%
AMG	D	-0.92%
SPOT	B	-0.92%
JPM	A	-0.91%
SYF	B	-0.9%
OGN	B	-0.89%
PYPL	C	-0.87%
HALO	B	-0.87%
JNJ	D	-0.86%
TW	B	-0.86%
SEIC	D	-0.86%
MTG	B	-0.85%
COIN	D	-0.84%
AMGN	B	-0.82%
STNE	B	-0.82%
BRBR	C	-0.81%
LLY	C	-0.81%
MRK	B	-0.8%
MPC	D	-0.79%
MO	A	-0.77%
PPC	A	-0.77%
PBF	F	-0.76%
UBER	D	-0.74%
IESC	A	-0.74%
EME	A	-0.74%
PG	A	-0.73%
VLO	D	-0.73%
SMCI	D	-0.72%
VRT	B	-0.72%
TSN	C	-0.72%
MCK	A	-0.7%
GFF	C	-0.69%
F	D	-0.68%
MLI	A	-0.67%
STRL	A	-0.67%
UMBF	C	-0.66%
CVNA	B	-0.66%
VST	B	-0.66%
THC	A	-0.65%
LNTH	B	-0.65%
FTDR	B	-0.63%
CNC	C	-0.62%
OC	A	-0.61%
ITRI	B	-0.61%
LOPE	B	-0.59%
KNF	B	-0.59%
SKYW	B	-0.58%
AGO	D	-0.57%
DVA	C	-0.56%
PEGA	D	-0.55%
NU	B	-0.54%
PGR	A	-0.53%
CNM	A	-0.52%
IIPR	C	-0.5%
REZI	C	-0.5%
UHS	C	-0.49%
SLVM	C	-0.48%
AMR	F	-0.48%
HQY	D	-0.48%
FIX	B	-0.48%
PRU	A	-0.48%
CNA	B	-0.47%
RGA	A	-0.47%
FCX	A	-0.46%
EXP	A	-0.46%
MRO	D	-0.44%
PNW	B	-0.44%
GMS	B	-0.44%
EXC	B	-0.44%
DPZ	C	-0.43%
APA	F	-0.43%
STLD	D	-0.42%
BCO	A	-0.42%
BKNG	B	-0.41%
EBAY	D	-0.41%
SAIC	B	-0.4%
HRB	A	-0.39%
GRMN	A	-0.38%
NSA	C	-0.38%
GLPI	D	-0.38%
STAG	D	-0.37%
SPG	D	-0.36%
BLDR	D	-0.34%
BLD	C	-0.34%
AMRX	B	-0.34%
SR	B	-0.33%
MDT	C	-0.33%
PEG	A	-0.33%
IBP	D	-0.32%
PSTG	C	-0.29%
FDX	C	-0.29%
BAH	A	-0.28%
RPRX	F	-0.28%
AYI	C	-0.27%
WDC	B	-0.26%
NEU	D	-0.26%
UNP	C	-0.24%
ANF	B	-0.24%
SKT	D	-0.24%
J	D	-0.23%
DECK	D	-0.23%
PLTR	D	-0.23%
NTRA	B	-0.22%
FG	B	-0.14%
ACIW	A	-0.12%
MGM	F	-0.12%
MOD	B	-0.12%
DOCS	F	-0.11%
VCTR	C	-0.09%
DNUT	D	--0.04%
SOFI	F	--0.04%
GNRC	B	--0.05%
AWR	B	--0.06%
MODG	C	--0.07%
ENPH	F	--0.07%
PYCR	F	--0.07%
TROX	B	--0.07%
SONO	D	--0.08%
RYAN	C	--0.08%
AES	B	--0.08%
PCH	D	--0.08%
VTR	B	--0.08%
JOBY	D	--0.08%
PTCT	C	--0.08%
IAS	F	--0.08%
PENN	F	--0.09%
DOC	A	--0.09%
CWST	C	--0.09%
ATI	B	--0.09%
MCW	B	--0.09%
CHDN	B	--0.1%
VAC	C	--0.1%
DRVN	F	--0.1%
CROX	B	--0.1%
RRC	C	--0.1%
PNM	C	--0.1%
COLD	D	--0.1%
AEIS	B	--0.11%
LGIH	D	--0.11%
ACVA	D	--0.11%
CHK	C	--0.11%
SUI	D	--0.12%
GOGL	A	--0.12%
TXG	F	--0.12%
KNX	D	--0.12%
DAY	D	--0.12%
ADC	B	--0.12%
IOVA	D	--0.13%
VFC	F	--0.13%
IPAR	D	--0.13%
WTW	D	--0.13%
EXR	C	--0.14%
FL	F	--0.14%
LPX	A	--0.14%
AJG	C	--0.14%
LFST	B	--0.14%
AVAV	A	--0.15%
KVUE	C	--0.15%
EVH	F	--0.15%
CHH	F	--0.15%
CRS	B	--0.15%
WTM	B	--0.15%
ARWR	F	--0.15%
KMPR	B	--0.15%
MASI	D	--0.16%
WAFD	B	--0.16%
HAYW	C	--0.16%
CZR	F	--0.16%
RBA	C	--0.16%
UCBI	B	--0.16%
FLNC	D	--0.16%
AXSM	D	--0.16%
ALLY	B	--0.17%
O	B	--0.17%
CNXC	F	--0.17%
WAL	B	--0.18%
DG	D	--0.18%
VVV	D	--0.18%
RUN	F	--0.18%
FOXF	D	--0.18%
XYL	A	--0.18%
NARI	D	--0.18%
PR	C	--0.18%
UHAL	B	--0.18%
APD	C	--0.19%
FCNCA	B	--0.19%
GO	F	--0.19%
GATX	C	--0.19%
FMC	C	--0.19%
BE	D	--0.19%
BANC	B	--0.19%
IRT	B	--0.19%
PLNT	C	--0.19%
DV	F	--0.2%
IRTC	F	--0.2%
LNC	B	--0.2%
GPOR	D	--0.2%
PPBI	B	--0.2%
SBCF	B	--0.21%
ROG	C	--0.21%
UEC	C	--0.21%
SHC	F	--0.21%
NTLA	F	--0.22%
MP	C	--0.22%
SPR	D	--0.22%
PRCT	B	--0.22%
HI	F	--0.22%
AAP	D	--0.22%
NNI	A	--0.23%
TSLA	D	--0.23%
HSY	B	--0.23%
SRE	A	--0.23%
FOUR	D	--0.23%
SJM	D	--0.24%
CG	D	--0.24%
DLTR	D	--0.24%
XP	F	--0.25%
RIVN	F	--0.25%
EQT	C	--0.25%
MTN	D	--0.25%
RNR	D	--0.25%
SPT	F	--0.25%
LW	D	--0.25%
CNX	C	--0.26%
GTLS	C	--0.26%
HASI	B	--0.26%
FNB	A	--0.26%
NOG	C	--0.27%
EL	F	--0.27%
AGNC	A	--0.27%
BIO	F	--0.27%
TMDX	B	--0.27%
NDAQ	C	--0.27%
NOVT	D	--0.27%
AR	C	--0.28%
PFSI	A	--0.28%
CRL	D	--0.28%
FIVE	F	--0.29%
NEOG	F	--0.29%
CAR	D	--0.3%
TOST	B	--0.31%
ZI	F	--0.31%
ALB	C	--0.31%
INSP	D	--0.31%
CABO	F	--0.33%
IBKR	B	--0.33%
LAD	D	--0.33%
RCM	F	--0.33%
FYBR	B	--0.33%
CARR	A	--0.34%
UI	C	--0.34%
NXST	B	--0.35%
FSLR	B	--0.36%
QQQ	B	--0.36%
RVMD	C	--0.36%
TTWO	D	--0.37%
MSGS	B	--0.38%
SATS	C	--0.38%
MARA	D	--0.39%
KMX	D	--0.39%
TGNA	B	--0.4%
DAR	D	--0.4%
WBD	F	--0.4%
FIVN	F	--0.41%
VSAT	D	--0.41%
LBRDK	F	--0.41%
IAC	B	--0.41%
BILL	F	--0.42%
CGNX	B	--0.42%
UTHR	B	--0.42%
GE	C	--0.42%
RIOT	F	--0.43%
BOOT	C	--0.43%
CFLT	D	--0.43%
MSTR	D	--0.44%
ASAN	F	--0.45%
GFS	D	--0.46%
U	F	--0.46%
RH	C	--0.47%
TXN	A	--0.47%
ALGM	D	--0.48%
FND	C	--0.5%
TECH	B	--0.52%
ZBRA	B	--0.57%
COHR	D	--0.59%
LITE	F	--0.61%
WOLF	F	--0.63%
KLIC	D	--0.65%
MCHP	C	--0.71%
INTC	F	--0.77%