Convergence Long/Short Equity ETF (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%. Under normal market conditions, the fund’s long positions may range from approximately 90% to 150% and its short positions may range from approximately 20% to 70%.
$165.77M
Feb 22, 2022
17.24
$1.27
0.00
0.00
0.83%
0.00%
0.00
0.00
0.00
0.00
0.00%
0.00%
Sector weights (11)
Communication Services Select Sector SPDR Fund
XLC
7.79%
Consumer Staples Select Sector SPDR Fund
XLP
5.37%
Technology Select Sector SPDR Fund
XLK
30.44%
Energy Select Sector SPDR Fund
XLE
3.87%
Materials Select Sector SPDR Fund
XLB
2.71%
The Real Estate Select Sector SPDR Fund
XLRE
2.65%
Utilities Select Sector SPDR Fund
XLU
2.32%
Financial Select Sector SPDR Fund
XLF
12.62%
Health Care Select Sector SPDR Fund
XLV
11.53%
Industrial Select Sector SPDR Fund
XLI
10.51%
Consumer Discretionary Select Sector SPDR Fund
XLY
10.19%
Sector weights (11)
Communication Services Select Sector SPDR Fund
XLC
7.79%
Consumer Staples Select Sector SPDR Fund
XLP
5.37%
Technology Select Sector SPDR Fund
XLK
30.44%
Energy Select Sector SPDR Fund
XLE
3.87%
Materials Select Sector SPDR Fund
XLB
2.71%
The Real Estate Select Sector SPDR Fund
XLRE
2.65%
Utilities Select Sector SPDR Fund
XLU
2.32%
Financial Select Sector SPDR Fund
XLF
12.62%
Health Care Select Sector SPDR Fund
XLV
11.53%
Industrial Select Sector SPDR Fund
XLI
10.51%
Consumer Discretionary Select Sector SPDR Fund
XLY
10.19%