Strategy Overview
OBJECTIVE
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.
INVESTMENT STRATEGY
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.
Research Process
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.
The ETF was rated 3 stars against 149 funds in the Equity Hedged Category based on the three-year risk-adjusted return ending 12/31/2024. Ratings are determined monthly and subject to change. The Overall Morningstar Rating for a fund is derived from a weighted average of the performance figures associated with its 3-, 5- and 10-year (if applicable) Morningstar Rating metrics. Past performance does not guarantee future results.
PORTFOLIO MANAGER
NAV As of
/
Daily NAV Change
Other expenses include broker and interest expenses and are borne by the ETF separately from the management fee.
Median 30 Day Spread is a calculation of ETF median bid-ask spread, expressed as a percentage rounded to the nearest hundredth, computed by: identifying the ETF 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.
Portfolio
As of
Top 5 Long Holdings
WEIGHT
TOTAL
Top 5 Short Holdings
WEIGHT
TOTAL
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.
Performance
As of |
3 Month | 1 Year | 3 Year | Since Inception |
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Peer Group Performance |
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As of |
3 Month | 1 Year | 3 Year | Since Inception |
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Peer Group Performance |
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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 855-393-0559.
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 12/31/2024, the primary benchmark of the ETF was updated to the Bloomberg
World All-Cap Equal Weight TR Index (the “World All-Cap Index”) from the Bloomberg
US Treasury 0-1 Yr Maturity TR Index (the “UST 0-1 Year Index”).
Morningstar Category Averages are designed to represent the average return of
funds within their category over time. Morningstar creates a category average daily
total return index series, as well as monthly, quarterly, and annual averages of
return and non-return data. Morningstar Category Averages are equal-weighted
category returns. The calculation is simply the average of the returns for all the
funds in a given category. The standard average calculation is based on constituents
of the category at the end of the period.
Sector
As of
| Sector | Long Exposure | Short Exposure | Net Exposure |
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Market Capitalization
As of
| Market Cap | Long Exposure | Short Exposure | Net Exposure |
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Historical Premium/Discount
As of
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.
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* 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.