ETF Evaluator: Clough Select Equity ETF () Follow This ETF

Clough Select Equity ETF Overview

Clough Select Equity ETF (CBSE) is an actively managed International Equity Global Small/Mid Stock exchange-traded fund (ETF). Clough Capital Partners L.P. launched the ETF in 2020.

The investment seeks capital appreciation and lower volatility than the broader market. The fund is an actively managed ETF that seeks to achieve its investment objective by purchasing securities the Adviser believes to have above-average financial characteristics, be undervalued and/or have growth potential. Under normal circumstances, the fund will invest at least 80% of its net assets, plus borrowings for investment purposes, in equity securities, including common stocks and depositary receipts.

About Clough Select Equity ETF (CBSE)

There are 1 members of the management team with an average tenure of 5.72 years: Vincent Lorusso (2020). Management tenure is more important for actively managed ETFs than passive index ETFs.

The ETF has 1 primary benchmark: Bloomberg World All Cap Eq Weight TR USD index with a weighting of 100%. Clough Select Equity ETF has 40 securities in its portfolio. The top 10 holdings constitute 30.9% of the ETF’s assets. The ETF meets the SEC requirement of being classified as a diversified fund. The ETF is not considered to have an ESG focus with its investment selection and management.

Clough Select Equity ETF is part of the Equity global asset class and is within the International Equity ETF group. Clough Select Equity ETF has 13.1% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 85.6% There is 13.1% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). Clough Select Equity ETF has 1.3% of the portfolio in cash.

Assets Under Management

The fund has $51 million in total assets, which is below the $286 million average for the Global Small/Mid Stock category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.

CBSE Performance and Fees

The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The Clough Select Equity ETF expense ratio is high compared to funds in the Global Small/Mid Stock category. Clough Select Equity ETF has an expense ratio of 0.85%, which is 25% higher than its category average, making the fund expense ratio grade a F. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.

High portfolio turnover can translate to higher expenses and lower aftertax returns. Clough Select Equity ETF has a portfolio turnover rate of 767%, which indicates that it holds its assets around / 0.0 years. By way of comparison, the average portfolio turnover is 94% for the Global Small/Mid Stock category.

Recently, in the month of July 2026, Clough Select Equity ETF returned -11.8%, which earned it a grade of F, as the Global Small/Mid Stock category had an average return of -3.4%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all ETFs in that category.

Clough Select Equity ETF has a trailing yield of 0.30%, which is below the 1.65% category average. The fund normally distributes its income annually.

It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.

Clough Select Equity ETF Grades

Year to date, the ETF has returned 17.2%, 4.7 percentage points better than the category, which translates into a grade of B. The fund has returned 20.7% over the past year (grade of C), 24.0% over the past three years (grade of A) and 10.3% per year over the past five years (grade of A).

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