CLSE

Convergence Long/Short Equity ETF
*Unless otherwise stated, data provided by FactSet.

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.

PERFORMANCE [as of 06/29/22] 1 MONTH 3 MONTHS YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS
CLSE -7.27% -- -- -- -- -- --
CLSE (NAV) -7.42% -9.37% -- -- -- -- --
No Underlying Index -- -- -- -- -- -- --
N/A -- -- -- -- -- -- --
All returns over 1 year are annualized. All returns are total returns unless otherwise stated.

CLSE Summary Data

Convergence
02/22/22
Open-Ended Fund
1.56%
$23.90M
$64.97K
0.31%

CLSE Portfolio Data

Long/Short Broad-based
--
N/A
--

CLSE Index Data

No Underlying Index
Proprietary
Proprietary
N/A

CLSE Portfolio Management

1.56%
--
--
--

CLSE Tax Exposures

20.00% / 39.60%
--
Ordinary income
No

CLSE Fund Structure

Open-Ended Fund
No
No
-- / --
N/A
N/A
Low
None

CLSE Factset Analytics Block Liquidity

As of 06/30/22
5
4
3
2
1

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 Tradability

4,257
$64.97K
1,170
$17.92K
0.31%
$0.05
-0.08%
0.26% / -0.93%
None
100.00%
--
--
--
--
0
$14.57
N/A

CLSE Asset Allocation

Short
Long
Net
--
--

0.00%

--
--

0.00%

--
--

0.00%

--
--

0.00%

CLSE Top 5 Holdings Long

27.27%
Apple Inc. 2.06%

CLSE Top 5 Holdings Short

-35.00%

CLSE Performance Statistics

--
-1.19%
-1.19%
-0.02
-0.04
0.22
0.18

CLSE Correlations (Daily Returns 12 Mo)

--
--
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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.