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Name

As of 11/08/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

Clough Long/Short Equity ETF

CBLS | Active ETF

$26.61

$10.3 M

0.00%

2.59%

Vitals

YTD Return

29.8%

1 yr return

39.3%

3 Yr Avg Return

-0.5%

5 Yr Avg Return

N/A

Net Assets

$10.3 M

Holdings in Top 10

29.9%

52 WEEK LOW AND HIGH

$26.2
$19.65
$26.84

Expenses

OPERATING FEES

Expense Ratio 2.59%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover N/A

Redemption Fee N/A

Min Investment

Standard (Taxable)

N/A

IRA

N/A

Fund Classification

Fund Type

Exchange Traded Fund

Name

As of 11/08/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

Clough Long/Short Equity ETF

CBLS | Active ETF

$26.61

$10.3 M

0.00%

2.59%

CBLS - Profile

Distributions

  • YTD Total Return 29.8%
  • 3 Yr Annualized Total Return -0.5%
  • 5 Yr Annualized Total Return N/A
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio N/A
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency None

Fund Details

  • Legal Name
    Clough Long/Short Equity ETF
  • Fund Family Name
    N/A
  • Inception Date
    Nov 12, 2020
  • Shares Outstanding
    N/A
  • Share Class
    N/A
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Vincent Lorusso

Fund Description

The Fund is an actively managed exchange-traded fund (“ETF”) that seeks to achieve its investment objective by purchasing securities Clough Capital Partners L.P. (the “Adviser”), the Fund’s investment adviser, believes to have above-average financial characteristics, be undervalued and/or have growth potential, and by taking short positions in securities the Adviser believes will decline in price. The Fund will generally have net long exposure of between 30%-70% of the Fund’s net assets. The Fund also intends to employ a variety of other investment techniques, including purchases of put and call options and options on stock indices, to hedge against fluctuations in the price of portfolio securities, to enhance total return or to provide a substitute for the purchase or sale of securities.
The Fund’s long positions are generally expected to be comprised of U.S.-listed equity securities of any market capitalization or depositary receipts, including American Depositary Receipts (“ADRs”), European Depositary Receipts (“EDRs”) and Global Depositary Receipts (“GDRs”). The Fund may invest in companies of all market capitalizations. The Adviser typically looks to purchase securities of companies organized in the U.S. but doing a substantial amount of business outside the U.S. that it believes will outperform the market over the course of an entire market cycle (typically between 5 and 11 years) while maintaining overall portfolio volatility that is lower than that experienced by the broader market. The Adviser will obtain exposure to emerging markets through investments in U.S.-listed securities, including ADRs, of companies domiciled in emerging markets. The Adviser also seeks to identify positions for the Fund to sell short based on the Adviser’s assessment of the likelihood of a decline in the value of the security. A short sale is a transaction in which the Fund sells a security it does not own, typically in anticipation of a
decline in the market price of that security. The Fund’s hedging techniques may be used as hedges against or substitutes for investments in equity securities.
The Fund seeks to achieve its investment objective by applying a fundamental research-driven investment process. The Adviser believes attractive investment returns can be achieved when key, proprietary insights into industry or economic trends are uncovered by the Adviser through its fundamental research process before the value of the relevant securities has been impacted by such information. Within this context, the investment process will focus on a number of major global investment themes identified by the Adviser. Once attractive themes are identified, the Adviser generally utilizes a “bottom-up” research process to identify companies it believes are best positioned to benefit from those specific themes, as well as companies that the Adviser believes may be vulnerable considering these themes.
Individual long positions will be selected based upon a host of qualitative and quantitative factors, including, but not limited to, a company’s competitive position, quality of company management, quality and visibility of earnings and cash flow, balance sheet strength, and relative valuation sustainability attributes.
Conversely, issuers facing profit headwinds, balance sheet weaknesses, competitive pressures, or adverse regulatory changes, among other challenges, may present attractive opportunities as short positions when the Adviser believes their value is likely to decline over some period of time. Securities selected for short selling may also include companies expected to underperform relative to their sector or industry.
The Fund also may purchase or sell (write) exchange-traded put or call options on stocks or stock indices for any purpose consistent with its investment objective, such as for hedging or obtaining market exposure. A put option gives the owner of the put the right, but not the obligation, to sell a security at a stated price within a specific timeframe, and a call option gives the owner of the call the right, but not the obligation, to buy a security at a stated price within a specific timeframe. The Fund may use a variety of investment techniques including shorting strategies, use of derivatives, and use of long-dated bonds, designed to capitalize on declines in the market price of equity securities or declines in market indices (e.g., the Fund may establish short positions in specific stocks or stock indices) based on the Adviser’s investment outlook.
In general, the Fund’s investments are broadly invested over a number of sectors, but the Fund may focus on the energy, technology, consumer, industrial and healthcare sectors at times. Under normal circumstances, at least 80% of the Fund’s net assets, plus borrowings for investment purposes, will be invested in equity securities, including common stocks and depositary receipts.
Read More

CBLS - Performance

Return Ranking - Trailing

Period CBLS Return Category Return Low Category Return High Rank in Category (%)
YTD 29.8% -11.7% 17.0% 88.60%
1 Yr 39.3% -27.2% 22.0% 97.91%
3 Yr -0.5%* -19.9% 23.4% N/A
5 Yr N/A* -13.4% 13.1% N/A
10 Yr N/A* -7.3% 11.5% N/A

* Annualized

Return Ranking - Calendar

Period CBLS Return Category Return Low Category Return High Rank in Category (%)
2023 -3.1% -54.0% 40.9% 11.35%
2022 -11.6% -22.5% 24.1% N/A
2021 2.8% -19.4% 24.1% N/A
2020 N/A -8.4% 12.9% N/A
2019 N/A -14.0% 7.1% N/A

Total Return Ranking - Trailing

Period CBLS Return Category Return Low Category Return High Rank in Category (%)
YTD 29.8% -25.0% 17.0% 99.48%
1 Yr 39.3% -27.2% 22.0% 97.91%
3 Yr -0.5%* -19.9% 23.4% N/A
5 Yr N/A* -13.2% 14.1% N/A
10 Yr N/A* -6.9% 11.5% N/A

* Annualized

Total Return Ranking - Calendar

Period CBLS Return Category Return Low Category Return High Rank in Category (%)
2023 -2.7% -54.0% 40.9% 11.89%
2022 -11.6% -22.5% 24.1% N/A
2021 2.8% -19.4% 24.1% N/A
2020 N/A -8.4% 12.9% N/A
2019 N/A -14.0% 15.9% N/A

CBLS - Holdings

Concentration Analysis

CBLS Category Low Category High CBLS % Rank
Net Assets 10.3 M 818 K 5.18 B 97.94%
Number of Holdings 73 3 2670 70.43%
Net Assets in Top 10 10.7 M -175 M 1.1 B 84.95%
Weighting of Top 10 29.90% 1.5% 100.0% 29.30%

Top 10 Holdings

  1. First American Treasury Obligations Fund 5.71%
  2. Kinross Gold Corp 3.05%
  3. Agnico Eagle Mines Ltd 3.02%
  4. Cheniere Energy Inc 2.93%
  5. Chart Industries Inc 2.79%
  6. OneSpaWorld Holdings Ltd 2.65%
  7. Skyline Champion Corp 2.50%
  8. Service Corp International/US 2.43%
  9. Embraer SA 2.42%
  10. Select Water Solutions Inc 2.40%

Asset Allocation

Weighting Return Low Return High CBLS % Rank
Stocks 		57.52% -2.90% 119.13% 19.25%
Cash 		42.48% -67.46% 106.99% 79.46%
Preferred Stocks 		0.00% 0.00% 7.60% 6.49%
Other 		0.00% -35.22% 39.56% 33.51%
Convertible Bonds 		0.00% -0.02% 4.68% 5.95%
Bonds 		0.00% -48.31% 152.17% 25.13%

Stock Sector Breakdown

Weighting Return Low Return High CBLS % Rank
Utilities 		0.00% 0.00% 21.71% 18.79%
Technology 		0.00% 0.00% 43.24% 94.55%
Real Estate 		0.00% 0.00% 10.93% 42.42%
Industrials 		0.00% 0.00% 31.93% 2.42%
Healthcare 		0.00% 0.00% 100.00% 18.18%
Financial Services 		0.00% 0.00% 83.83% 95.15%
Energy 		0.00% 0.00% 32.57% 55.15%
Communication Services 		0.00% 0.00% 32.32% 9.70%
Consumer Defense 		0.00% 0.00% 33.38% 74.55%
Consumer Cyclical 		0.00% 0.00% 88.83% 5.45%
Basic Materials 		0.00% 0.00% 28.58% 90.91%

Stock Geographic Breakdown

Weighting Return Low Return High CBLS % Rank
US 		57.52% -24.26% 116.70% 24.86%
Non US 		0.00% -43.01% 97.78% 15.68%

CBLS - Expenses

Operational Fees

CBLS Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 2.59% 0.40% 11.46% 39.49%
Management Fee 1.35% 0.00% 2.50% 91.28%
12b-1 Fee N/A 0.00% 1.00% 0.93%
Administrative Fee N/A 0.03% 1.54% N/A

Sales Fees

CBLS Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 2.50% 5.75% N/A
Deferred Load N/A 1.00% 4.00% N/A

Trading Fees

CBLS Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.50% 2.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

CBLS Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover N/A 0.00% 479.00% N/A

CBLS - Distributions

Dividend Yield Analysis

CBLS Category Low Category High CBLS % Rank
Dividend Yield 0.00% 0.00% 11.11% 24.10%

Dividend Distribution Analysis

CBLS Category Low Category High Category Mod
Dividend Distribution Frequency None Annually Monthly Annually

Net Income Ratio Analysis

CBLS Category Low Category High CBLS % Rank
Net Income Ratio N/A -3.33% 2.88% 79.58%

Capital Gain Distribution Analysis

CBLS Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually

Distributions History

View More +

CBLS - Fund Manager Analysis

Managers

Vincent Lorusso

Start Date

Tenure

Tenure Rank

Nov 12, 2020

1.55

1.6%

Vincent M. Lorusso is a Portfolio Manager of Clough Capital Partners L.P. since 2015, Partner of Clough Capital Partners L.P. since 2014, and Research Analyst and Managing Director of Clough Capital Partners L.P. since 2004. Mr. Lorusso earned his Masters of Science in Finance and BS from Boston College.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.07 23.55 5.99 7.93

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