The Clough Long/Short Equity ETF seeks long-term capital appreciation while minimizing volatility. The fund also strives to generate positive alpha via both the long and short portfolios over the course of an entire investment cycle. The Fund has the potential to enhance an investor’s return profile while reducing risk.
The Fund is an actively-managed, liquid alternative ETF that utilizes quantitative screening and fundamental research to select securities, identifying both long and short investments that are expected to outperform and underperform, respectively. The Fund’s strategy is centered around the belief that within the broad market, ample opportunities for mispricing exist. The Fund targets long positions trading at a discount to current and future cash flows, that generate returns on invested capital in excess of their cost of capital. We look for short positions that erode shareholder value over time. Each position is expected to generate positive risk adjusted alpha by its own merit.
Idea generation begins with quantitative screening to identify inefficiencies - opportunities for fundamental analysis to add meaningful value.
Extensive experience identifying and executing short opportunities in equity markets. Shorts are generally required to have a near term catalyst to drive shares lower.
Investing according to environmental, social, and governance (ESG) criteria doesn’t need to occur at the expense of returns. We believe that a company’s understanding of ESG principles demonstrates the qualities of innovation and leadership that create a distinct competitive advantage and build long term value.
Bloomberg US Treasury 0-1Yr Index
Bloomberg World, Large, Mid & Small Cap Equal Weight TR Index
Premium/Discount to NAV
Median 30-Day Bid/Ask Spread
Margin Interest Expense and Short Sale Fee
Distribution and/or Service (12b-1) Fees
Acquired Fund Fees and Expenses
Total Annual Fund Operating Expenses
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.
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
|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
Fund Inception: 11/13/20. Performance represents past performance and does not guarantee future results. Current performance may be lower or higher than Fund’s performance. NAV returns are based on the Fund’s net asset value, which represents the market value of the Fund’s underlying investments minus liabilities divided by the Fund’s outstanding shares. 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. Market Price returns are based upon the midpoint of the bid/ ask spread at 4:00pm Eastern Time, when the NAV is normally calculated. Returns greater than one year are annualized. 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. Current performance is available at www.cloughetfs.com
As of 12/31/2023, the primary benchmark of the Fund was updated to the Bloomberg US Treasury 0-1 Yr Index from the Wilshire Liquid Alt Equity Hedge TR Index.
|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 Fund and the Fund's reported Net Asset Value. The amount that the Fund's market price is above the reported NAV is called the premium. The amount that the Fund'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 Fund'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 Long/Short Equity ETF are affiliated with these financial services firms. Their listing should not be viewed as a recommendation or endorsement.