Key stats
About Convergence Long/Short Equity ETF
Home page
Inception date
Feb 22, 2022
Structure
Open-Ended Fund
Replication method
Physical
Dividend treatment
Distributes
Distribution tax treatment
Ordinary income
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
Convergence Investment Partners LLC
Distributor
Foreside Fund Services LLC
ISIN
US89834G7604
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
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
Technology Services
Electronic Technology
Finance
Cash
Stocks116.05%
Technology Services17.93%
Electronic Technology12.04%
Finance11.89%
Retail Trade5.16%
Health Technology4.89%
Producer Manufacturing3.86%
Industrial Services2.87%
Distribution Services2.23%
Consumer Durables2.06%
Consumer Services1.97%
Energy Minerals1.95%
Process Industries1.58%
Utilities1.30%
Non-Energy Minerals1.23%
Consumer Non-Durables1.08%
Commercial Services1.07%
Transportation0.90%
Health Services0.69%
Communications0.69%
Bonds, Cash & Other−16.05%
Cash37.32%
Mutual fund0.52%
Miscellaneous−53.89%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
CLSE last dividends amounted to 0.21 USD. The year before, the issuer paid 0.21 USD in dividends, which shows a 2.68% increase.
CLSE assets under management is 217.28 M USD. It's risen 10.13% over the last month.
CLSE fund flows account for 27.42 M USD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
Yes, CLSE pays dividends to its holders with the dividend yield of 0.81%. The last dividend (Dec 17, 2024) amounted to 0.21 USD. The dividends are paid annually.
CLSE shares are issued by Convergence Investment Partners LLC under the brand Convergence. The ETF was launched on Feb 22, 2022, and its management style is Active.
CLSE expense ratio is 1.44% meaning you'd have to pay 1.44% of your investment to help manage the fund.
CLSE follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
CLSE invests in stocks.
CLSE price has risen by 7.79% over the last month, and its yearly performance shows a 19.36% increase. See more dynamics on CLSE price chart.
NAV returns, another gauge of an ETF dynamics, have risen by 7.83% over the last month, showed a 13.76% increase in three-month performance and has increased by 21.65% in a year.
NAV returns, another gauge of an ETF dynamics, have risen by 7.83% over the last month, showed a 13.76% increase in three-month performance and has increased by 21.65% in a year.
CLSE trades at a premium (0.10%) meaning the ETF is trading at a higher price than the calculated NAV.