CLSEConvergence Long/Short Equity ETF
CLSE Fund Description
CLSE establishes both long and short positions in US stocks. The actively managed fund intends to maintain a 50%-100% net long exposure.
CLSE Factset Analytics Insight
CLSE provides long and short exposure to mainly large- and mid-cap US stocks through a proprietary ranking process that measures both quantitative and fundamental factors. This dynamic approach analyzes and ranks stocks based on quantitative factors such as: valuation, growth, momentum, and quality. The portfolio tilts towards those ranked highly from a fundamental perspective. The objective is to provide long-term capital growth while minimizing volatility as compared to the broader equity market. The portfolio is allocated roughly 90%-150% long equities perceived to be fundamentally strong and short positions roughly 20%-70% in perceived inferior equities. The fund targets a monthly rebalance which could result to a high portfolio turnover rate. Prior to Feb. 22, 2022, CLSE was formerly a mutual fund called Convergence Long/Short Equity Fund (ticker: MARNX), with $26.5 million in assets.
CLSE Portfolio Management
CLSE Tax Exposures
CLSE Fund Structure
CLSE Factset Analytics Block Liquidity
This measurement shows how easy it is to trade a $1 million USD block of CLSE. CLSE is rated a N/A out of 5.
CLSE Asset Allocation
CLSE Top 5 Holdings Short
CLSE Performance Statistics
CLSE Correlations (Daily Returns 12 Mo)
Options Strategies for Outcome Investing
A collar strategy is a protective option strategy constructed by writing a call and buying a put with the same expiration date while being long the underlying security.
A covered call is an income strategy constructed by writing a call option against a holding of the underlying security.