CLSE
·CBOE
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Key Stats
Assets Under Management
259.41MUSD
Fund Flows (1Y)
19.37MUSD
Dividend Yield
1.75%
Discount/Premium to NAV
0.11%
Shares Outstanding
9.50M
Expense Ratio
1.44%
About Convergence Long/Short Equity ETF
Issuer
Convergence Investment Partners, LLC
Brand
Convergence
Inception Date
Dec 29, 2009
Structure
Open-Ended Fund
Index Tracked
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Management Style
Active
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
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
Asset Class
Alternatives
Category
Hedge Fund Strategies
Focus
Long/Short
Niche
Long/Short
Strategy
Active
Geography
U.S.
Weighting Scheme
Proprietary
Selection Criteria
Proprietary
Returns
1-Month | 3-Month | YTD | 1-Year | 3-Year | 5-Year | |
|---|---|---|---|---|---|---|
Price Performance | +1.24% | +3.76% | +17.42% | +14.53% | +82.70% | +74.50% |
NAV Total Return | +1.65% | +6.69% | +19.69% | +17.18% | +88.18% | +0.58% |
Ratings
No data is currently available
Ainvest’s AI-powered ETF Scoring Algorithm, built to help retail investors make smarter, data-driven decisions. Leveraging deep learning, reinforcement learning, and large language models, the algorithm scores ETFs across five key dimensions: Fund Flow, Momentum, Safety, Fundamentals, and Performance. Each factor is weighted by its correlation to future returns, resulting in a single, actionable score. Backtested over five years with consistently strong predictive accuracy. Ainvest brings institutional-grade artificial intelligence to everyday investors—transforming complexity into clarity with every score.
Holdings Analysis
Sector
Technology
33.56%
Financial Services
13.37%
Consumer Cyclical
11.10%
Communication Services
11.06%
Healthcare
10.37%
Industrials
8.30%
Energy
2.99%
Consumer Defensive
2.89%
Utilities
2.23%
Technology
33.56%
Financial Services
13.37%
Consumer Cyclical
11.10%
Communication Services
11.06%
Healthcare
10.37%
Industrials
8.30%
Energy
2.99%
Consumer Defensive
2.89%
Utilities
2.23%
Show more
Asset
Region
96.97%
1.19%
1.1%
0.73%
Category
Ratio
North America
96.97%
Asia
1.19%
Latin America
1.10%
Europe
0.73%
Investment Style
No data is currently available
Top 10 Holdings
Symbol
Ratio
Cash & Other
37.83%
NVDA
Nvidia
4.52%
AVGO
Broadcom
3.40%
MU
Micron Technology
3.07%
LRCX
Lam Research
2.40%
GOOGL
Alphabet A
2.34%
META
Meta
2.31%
GOOG
Alphabet C
2.31%
AMZN
Amazon.com
2.07%
AEO
American Eagle Outfitters
2.01%
Top 10 Weight 62.26%
337 Total Holdings
Dividends
Dividend Payout History
Declaration Date | Record Date | Payment Date | Amount |
|---|---|---|---|
| 2025-12-15 | 2025-12-15 | 2025-12-16 | 0.260 |
| 2024-12-16 | 2024-12-16 | 2024-12-17 | 0.212 |
| 2023-12-15 | 2023-12-18 | 2023-12-21 | 0.206 |
| 2022-12-15 | 2022-12-16 | 2022-12-19 | 0.125 |
Premium/Discount Chart
Premium/Discount to NAV
Price
1M
Assets Under Management
Assets Under Management
1M
Fund Flows
Inflows
Outflows
1M
