Fund Evaluator:
Convergence Long/Short Equity ETF (CLSE)
Follow This Fund
Equity
Global Asset Class
Nontraditional Equity
Fund Group
Long-Short Equity
Category
$0.000
NAV (as of )
$0.00
Minimum Initial
1.52% D
Expense Ratio
$841 Mil
Assets
Open
Status
na
12b-1 Fee
0.77%
TTM Yield
0.00%
Max Load
262%
Portfolio Turnover
Best Performing in Long-Short Equity Over the Last Year
| 37.0% | Boston Partners Long/Short Equity Inv (BPLEX) |
| 20.5% | ABR 50/50 Volatility Investor (ABRJX) |
| 17.4% | Gator Capital L/S Fd (GATRX) |
| 16.6% | ABR 75/25 Volatility Investor (VOLJX) |
| 16.0% | Boston Partners Long/Short Rsrch Inv (BPRRX) |
Data as of 7/31/2026
-0.4% C
1-Mo Return
8.8% A
3-Mo Return
24.3% A
YTD Return
42.4% A
1-Yr Return
29.6% A
3-Yr Return
19.4% A
5-Yr Return
0.92 C
Category Risk Index
0.92
Total Risk Index
Fund Details
Fund Family
Convergence
Inception Date
12/29/2009
Share Class Type
Equity Investment Style
Large-Cap
Blend
Bond Investment Style
na
Socially Responsible Fund
No
Index Fund
No
Benchmark Index
Bloomberg US 3000 TR USD: 100%
Additional Fund Details
Convergence Long/Short Equity ETF Overview
CLSE Trailing NAV Total Returns Data as of 7/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| CLSE Return (NAV) | -0.4% | 8.8% | 42.4% | 29.6% | 19.4% | 14.9% |
| CLSE Grade | C | A | A | A | A | A |
| +/- Category | -3.0% | 5.2% | 28.3% | 17.7% | 10.6% | 7.0% |
| Long-Short Equity Avg | 2.6% | 3.6% | 14.1% | 11.9% | 8.8% | 7.9% |
| CLSE Tax Cost Ratio | na | na | 0.4% | 0.4% | 1.3% | 2.2% |
CLSE Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| CLSE Return (NAV) | 24.3% | 20.6% | 35.4% | 17.5% | -7.2% | 32.9% | -6.9% | 14.4% | -1.9% | 17.8% | 12.4% |
| CLSE Grade | A | A | A | B | D | A | F | F | C | A | A |
| +/- Category | 16.8% | 9.2% | 22.0% | 4.5% | -3.4% | 11.8% | -12.7% | 1.1% | 6.0% | 6.2% | 5.1% |
| Long-Short Equity Avg | 7.5% | 11.4% | 13.4% | 13.0% | -3.8% | 21.2% | 5.8% | 13.3% | -7.9% | 11.6% | 7.3% |
| Risk Measures | |
| Standard Deviation: | 11.3% |
| Total Risk Index: | 0.92 - Below Average |
| Category Risk Index: | 0.92 - Above Average |
| Category Risk Grade: | C (60% Rank) |
| Beta: | 0.73 |
| R-Squared: | 70% |
| Leveraged Fund: | No |
| Inverse Fund: | No |
| Portfolio Characteristics | |
| Equity Investment Style: | Large-Cap Blend |
| Bond Investment Style: | na |
| Yield: | 0.8% |
| Dividend Distribution: | Annually |
| Cap Gains Distribution: | Annually |
| Total Assets: | $841 Mil |
| Fund Total Assets: | $ 842 Mil |
| Share Class Type: | |
| Portfolio Turnover: | 262% |
Management Team
| Number of Managers: 2 | |||
| Longest Tenure: 16.6 years | |||
| Average Tenure: 13.5 years | |||
| Managers (Year): Abitz David (2009), Neuberg Justin (2016) | |||
Portfolio Composition (as of 7/31/26)
| # of Holdings: | 365 |
| % in Top 10 Holdings: | 26.5% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 1.4% |
Portfolio Allocation |
|
| Domestic Stock: | 59.6% |
| Foreign Stock: | 1.4% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 40.0% |
| Cash: | -1.0% |
Purchase Information
| Fund Family: | Convergence |
| Phone Number: | 877-677-9414 |
| Website: |
| Status: | Open |
| Inception Date: | December 29, 2009 |
| Min. Initial Purchase: | $ 0 |
| Min. Initial IRA Purchase: | $ 0 |
| True No-Load: | Yes |
| Front Load Maximum: | 0.00% |
| Deferred Charge Maximum: | 0.00% |
| Redemption Charge Maximum: | 0.00% |
| 12b-1 Fee: | na |
Expenses and Fees | |
| Expense Ratio (%): | 1.52% ( Rating : High ) |
| Category Average Expense Ratio (%): | 2.19% |
| Share Class: | Convergence Long/Short Equity ETF |
| Min. Subsequent Purchase: | $ 0 |
| Min. Subsequent IRA Purchase: | $ 0 |
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