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
Stocks113.71%
Technology Services16.49%
Electronic Technology13.01%
Finance10.07%
Retail Trade5.55%
Health Technology5.32%
Energy Minerals2.96%
Distribution Services2.93%
Producer Manufacturing2.90%
Industrial Services2.57%
Commercial Services2.57%
Consumer Non-Durables1.99%
Health Services1.88%
Process Industries1.63%
Utilities1.56%
Non-Energy Minerals1.36%
Consumer Durables1.28%
Transportation1.19%
Consumer Services0.95%
Communications0.58%
Bonds, Cash & Other−13.71%
Cash34.28%
Mutual fund0.08%
Miscellaneous−48.06%
Top 10 holdings
Dividends
Dividend payout history