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CLSE
+2.34 · +9.20%
$27.84 · BATS

Trust For Professional Managers - Convergence Long/Short Equity ETF (CLSE) ETF Analysis | Long-Short Equity

Convergence · USA
AUM:$326.7M
#– of – in Long-Short Equity ETFs

Educational tool only – Figures are based on historical data, holdings and expense metrics for informational purposes. This is not financial advice or a recommendation to buy or sell any security. Always conduct your own research or consult a qualified financial adviser.

Market Performance

Up 25.1% over the past year, reflecting strong price momentum.

Cost Efficiency

Ongoing charge of 1.55% — above average for this category.

What is CLSE?

The fund seeks to invest, under normal market conditions, at least 80% of its net assets (plus any borrowings for investment purposes) in long and short positions in equity securities of domestic companies. The adviser intends to maintain a net long exposure (the market value of long positions minus the market value of short positions) of approximately 50% to 100%.

Performance Highlights

Returns (%)
Top Sectors (%)

Investment Breakdown

Strong Recent Performance
CLSE delivered 25.1% over the past year. Historical returns only — past performance is not indicative of future results.
Higher Cost Profile
Expense ratio of 1.55% is above average. Verify whether the strategy justifies the cost.
Broadly Diversified
Top 10 holdings represent just 29.1% of the ETF — exposure spread across many positions.
ETF Information
AUM$326.7M
Expense Ratio1.55%
Dividend Yield0.92%
Holdings49
Inception DateDec 2009
Domicile–
Distribution–
Index–
ProviderConvergence
Beta0.64
CategoryLong-Short Equity
CurrencyUSD
Portfolio Impact

How would CLSE affect your portfolio?

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Example preview
6168
+7 points · better diversified

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Compare Equity
Uses ISF.L (iShares FTSE 100 ETF)
Indicators

Performance Metrics

Historical returns

6M
+18.5%
1Y
+37.9%
3Y
+114.1%
5Y
+133.6%
OpenBook InsightIf you had invested £10,000 in CLSE 5 years ago, it would have grown to £23,362 — a gain of £13,362.

Annual Returns

Calendar year performance

CLSE delivered positive returns in 4 of the last 5 calendar years.
YearCLSE
2026 YTD+22.2%
2025+19.8%
2024+36.9%
2023+17.9%
2022-1.3%
CAGR 4yr+17.5%
4/5 positive yearsAvg return: +19.1%Worst year: -1.3% (2022)

Technical Analysis Summary

Automated insights from historical price action and indicators

Technical Regime: MIXED
Trend Strength
67%
Positive
Volatility
10.3%
Low
Momentum
+0.1%
30-day change
Support Level
33.21
Key floor
Key Insights
  • Price is consolidating, with low momentum over the recent period.
  • Low volatility environment with a narrower recent trading range.
  • Monitor key support and resistance levels as part of broader risk assessment.
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