The Clough Hedged Equity ETF (the "ETF") the seeks long-term capital appreciation while minimizing volatility. The ETF also strives to generate positive alpha via both the long and short portfolios over the course of an entire investment cycle. The ETF has the potential to enhance an investor’s return profile while reducing risk.
The ETF is an actively managed exchange-traded fund (“ETF”) managed by Clough Capital Partners L.P. (the “Adviser”). The ETF 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, and by taking short positions in securities and the use of derivatives the Adviser believes will decline in price. The ETF will generally have net exposure of between 30%-70% of the ETF’s net assets. The ETF intends to employ 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.
We believe that attractive investment returns can be achieved when key, proprietary insights into industry or economic trends are discovered, and their significance understood, before they become obvious to other investors. Within this context, the investment process will focus on investing in a number of major global investment themes. 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.
Ticker
CBLS
CUSIP
53656F649
Shares outstanding
Inception
11/13/2020
Net Assets
TBD
Benchmarks
Bloomberg US Treasury 0-1Yr Index
50% Bloomberg World, Large, Mid & Small Cap Equal Weight TR Index and 50% Bloomberg US Treasury 0-1 Yr Index
Wilshire Liquid Alternative Equity Hedge Index
NAV
TBD
Premium/Discount to NAV
Market Price
TBD
Median 30-Day Bid/Ask Spread
TBD
Management Fee
1.35%
Margin Interest Expense and Short Sale Fee
1.23%
Distribution and/or Service (12b-1) Fees
0.00%
Acquired Fund Fees and Expenses
0.01%
Total Annual Fund Operating Expenses
2.59%
Median 30 Day Spread is a calculation of Fund’s median bid-ask spread, expressed as a percentage rounded to the nearest hundredth, computed by: identifying the Fund’s national best bid and national best offer as of the end of each 10 second interval during each trading day of the last 30 calendar days; dividing the difference between each such bid and offer by the midpoint of the national best bid and national best offer; and identifying the median of those values.
WEIGHT
TOTAL
TBD
WEIGHT
TOTAL
TBD
Click here for a full list of holdings.
Holdings and Allocations are subject to change. There is no guarantee the fund continues to invest in the securities referenced.
As of TBD |
3 Month | 1 Year | 3 Year | Since Inception | |
|---|---|---|---|---|---|
| NAV | – | – | – | – | |
| Market Price | – | – | – | – | |
| Bloomberg US Treasury 0-1 Yr Maturity Index | – | – | – | – | |
| Bloomberg World Large, Mid & Small Cap Equal Weight/UST 0-1 Yr 50/50 Index | – | – | – | – | |
| Wilshire Liquid Alternative Equity Hedge Index | – | – | – | – |
As of TBD |
3 Month | 1 Year | 3 Year | Since Inception | |
|---|---|---|---|---|---|
| NAV | – | – | – | – | |
| Market Price | – | – | – | – | |
| Bloomberg US Treasury 0-1 Yr Maturity Index | – | – | – | – | |
| Bloomberg World Large, Mid & Small Cap Equal Weight/UST 0-1 Yr 50/50 Index | – | – | – | – | |
| Wilshire Liquid Alternative Equity Hedge Index | – | – | – | – |
ETF inception: 11/13/2020.
Performance represents past performance and does not guarantee future results. Investment returns and the principal value of an investment will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. Current performance as of most recent month end is available by calling 877-420-5588.
NAV returns are based on the ETF’s net asset value, which represents the market value of the ETF’s underlying investments minus liabilities divided by the ETF’s outstanding shares. Market price returns are based upon the midpoint of the bid/ask spread at 4:00pm Eastern Time, when the NAV is normally calculated. Performance information for each listed index is for illustrative purposes only and does not represent actual fund performance. Indexes do not charge management fees or brokerage expenses, and no such fees or expenses were deducted from the performance shown. Indexes are unmanaged and an investor cannot invest directly in an index.
As of 12/31/2023, the primary benchmark of the ETF was updated to the Bloomberg US Treasury 0-1 Yr Index, an index created by Bloomberg which functions as a cash proxy, from the Wilshire Liquid Alt Equity Hedge TR Index.
The Bloomberg World Large, Mid & Small Cap Equal Weight/UST 0-1 Yr 50/50 Index is a blend of 50% of the Bloomberg World, Large, Mid & Small Cap Equal Weight Total Return Index and 50% of the Bloomberg US Treasury 0-1 Year Maturity TR Index. This index was added as of 12/31/2023.
| Sector | Long Exposure | Short Exposure | Net Exposure |
|---|
| Days at premium |
| Days at NAV |
| Days at discount |
The above frequency distribution chart presents information about the difference between the daily market price for shares of the ETF and the ETF's reported Net Asset Value. The amount that the ETF's market price is above the reported NAV is called the premium. The amount that the ETF's market price is below the reported NAV is called the discount. The market price is determined using the midpoint between the highest bid and the lowest offer on the listing exchange, as of the time that the ETF's NAV is calculated (usually 4:00 p.m. EST). The vertical axis of the chart shows the premium or discount expressed in percentages. The horizontal axis indicates the trading days in the period covered by the chart.
The Clough Capital ETFs trade intraday on an exchange. ETFs are available through:*
* Neither Clough Capital nor Clough Hedged Equity ETF are affiliated with these financial services firms. Their listing should not be viewed as a recommendation or endorsement.
