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
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
Stocks113.85%
Technology Services16.42%
Electronic Technology12.86%
Finance10.19%
Retail Trade5.50%
Health Technology5.33%
Energy Minerals3.08%
Distribution Services3.02%
Producer Manufacturing2.97%
Commercial Services2.56%
Industrial Services2.51%
Consumer Non-Durables2.02%
Health Services1.83%
Process Industries1.58%
Utilities1.51%
Non-Energy Minerals1.35%
Consumer Durables1.29%
Transportation1.19%
Consumer Services1.02%
Communications0.59%
Bonds, Cash & Other−13.85%
Cash34.34%
Miscellaneous−48.19%
Top 10 holdings
Dividends
Dividend payout history