Key stats
About Elevation Series Trust Clough Hedged Equity ETF
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Inception date
Nov 13, 2020
Structure
Open-Ended Fund
Distributes
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Tax on distributions
Ordinary income
Primary advisor
Clough Capital Partners LP
Distributor
Foreside Fund Services LLC
CBLS has free rein within the US equity market to establish long and short positions based on the fund advisers 5-11 year outlook for the space. The objective is to provide capital appreciation while minimizing volatility as compared to the broader equity market. Long positions focus on sectors, industries, or specific companies, generally small and midcap stocks, the adviser believes are undervalued or overlooked. Stocks are analyzed for quantitative factors of quality, value, momentum, size and volatility. In addition, fundamental criteria such as: assessment of competitors, suppliers, customers, replacements and ESG attributes are also considered. Short positions are entered on stocks believed to have declining fundamentals such as earnings, revenue or weakening market position compared to competitors. Prior to March 13, 2023, the fund name was Clough Hedged Equity ETF. The fund traded under the name Clough Hedged Equity ETF. On March 04, 2024, CBLS underwent the name change.
Classification
What's in the fund
Exposure type
Technology Services
Cash
Stocks96.88%
Technology Services11.31%
Electronic Technology9.79%
Finance8.83%
Retail Trade7.96%
Industrial Services7.71%
Consumer Services7.60%
Non-Energy Minerals6.54%
Process Industries4.10%
Energy Minerals3.50%
Utilities3.22%
Producer Manufacturing2.29%
Consumer Durables1.84%
Health Technology1.62%
Transportation1.61%
Bonds, Cash & Other3.12%
Cash25.21%
Mutual fund1.26%
ETF0.99%
Miscellaneous−24.34%
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