Key stats
About Trust for Professional Managers Convergence Long/Short Equity ETF
Expense ratio
1.55%
Home page
Inception date
Feb 22, 2022
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.
Classification
What's in the fund
Exposure type
Technology Services
Electronic Technology
Cash
Stocks115.08%
Technology Services16.50%
Electronic Technology10.57%
Finance9.98%
Health Technology5.96%
Retail Trade5.94%
Distribution Services3.58%
Energy Minerals3.47%
Producer Manufacturing3.12%
Commercial Services2.51%
Consumer Non-Durables2.13%
Health Services1.92%
Industrial Services1.83%
Utilities1.82%
Process Industries1.79%
Consumer Durables1.43%
Transportation1.30%
Non-Energy Minerals1.26%
Consumer Services1.04%
Communications0.61%
Bonds, Cash & Other−15.08%
Cash34.85%
Miscellaneous−49.93%