CLSEConvergence Long/Short Equity ETF

Grow my money16y track recordRanked #1,409 of 2,960 in this goal

Seeks long-term capital growth.

By Convergence · Launched 2009

Annual Cost

1.52%

#5,474 of 5,562 · expensive

Fund Size

$614M

#1,416 of 5,562 · large

Return (1Y)Goal

+49.6%

Track Record

16 years

#737 of 5,562 · established

Performance

Total-return NAV · USD

Growth of $10,000

$15,050+50.5%

Total-return NAV, USD. Net of fund fees, before tax.

Classification

How Beacon categorizes this fund

Asset class

Alternative

Region

North america

Strategy

Long short

What it actually holds

By weight

Concentration

Top 10 holdings = 25.5% of fund✓ well diversified

NVIDIA Corp

4.4%

Broadcom Inc

3.4%

Micron Technology Inc

2.8%

Alphabet Inc

2.6%

Lam Research Corp

2.4%

Alphabet Inc

2.4%

Meta Platforms Inc

2.1%

Amazon.com Inc

1.9%

IBM

1.8%

Amphenol Corp

1.8%

Asset allocation

Stocks

60.2%

Other

41.0%

Risk profile

Last 12 months · Sharpe & Sortino need 3+ years

Volatility (1Y)

13.6%Moderate

Year-on-year price swings

Max drawdown

-16.4%Moderate

Worst peak-to-trough loss

Sharpe (3Y)

1.82Strong risk-adjusted returns

Sortino (3Y)

2.63Good downside protection

Where to buy

Listing

Exchange: Cboe BZX

Full fund details

Objective: Seeks long-term capital growth.
Strategy: Actively managed fund investing primarily in long and short positions in domestic equity securities. Focuses on medium and large-cap companies, utilizing a proprietary stock ranking process based on valuation, growth, momentum, and quality factors.
Inception date: December 29, 2009
Fund family: Convergence