Convergence Long/Short Equity ETF

The Convergence Long/Short Equity ETF (CLSE), listed on the Chicago Board Options Exchange (CBOE), is an actively managed exchange-traded fund issued by Convergence Investment Partners LLC and domiciled in the United States. Originally launched as a mutual fund on December 29, 2009, CLSE converted to an ETF structure on February 22, 2022, and has grown to approximately $575 million in assets under management. The fund seeks long-term capital growth by employing a proprietary dynamic quantitative model that ranks stocks based on fundamental and quantitative factors — including valuation, growth, momentum, and quality — to establish long positions in fundamentally strong equities (roughly 90%–150% net long) and short positions in companies with deteriorating business models (roughly 20%–70% short), targeting a 50%–100% net long exposure. With a net expense ratio of 1.44% and a focus primarily on large- and mid-cap U.S. equities across sectors such as Technology, Financial Services, and Communication Services, CLSE aims to deliver consistent alpha while minimizing volatility relative to the broader equity market.