CLSE

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.