CLSE
Convergence Long/Short Equity ETFCLSE 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 Summary Data
CLSE Portfolio Data
CLSE Index Data
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 Tradability
CLSE Asset Allocation
Short
Long
Net
0.00%
0.00%
0.00%
0.00%
CLSE Top 5 Holdings Long
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.
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