Trust For Professional Etf Profile
| CLSE Etf | USD 23.40 0.38 1.60% |
Performance12 of 100
| Odds Of DistressLess than 10
|
Trust For is trading at 23.40 as of the 28th of November 2024, a 1.6 percent decrease since the beginning of the trading day. The etf's lowest day price was 23.31. Trust For has less than a 10 % chance of experiencing some financial distress in the next two years of operation and had a good performance during the last 90 days. Equity ratings for Trust For Professional are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 30th of August 2024 and ending today, the 28th of November 2024. Click here to learn more.
The fund seeks to invest, under normal market conditions, at least 80 percent of its net assets in long and short positions in equity securities of domestic companies. Convergence LongShort is traded on BATS Exchange in the United States. More on Trust For Professional
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Trust Etf Highlights
| Thematic Ideas | (View all Themes) |
| Business Concentration | Long/short ETFs, Strategy ETFs, Long-Short Equity, Convergence (View all Sectors) |
| Issuer | Convergence Investment Partners |
| Inception Date | 2009-12-31 |
| Entity Type | Regulated Investment Company |
| Asset Under Management | 206.4 Million |
| Asset Type | Equity |
| Category | Strategy |
| Focus | Long/Short |
| Market Concentration | Developed Markets |
| Region | North America |
| Administrator | U.S. Bancorp Fund Services, LLC |
| Advisor | Convergence Investment Partners, LLC |
| Custodian | U.S. Bank, N.A. |
| Distributor | Foreside Fund Services, LLC |
| Portfolio Manager | David J. Abitz, Justin Neuberg |
| Transfer Agent | U.S. Bancorp Fund Services, LLC |
| Fiscal Year End | 30-Nov |
| Exchange | Cboe BZX Exchange, Inc. |
| Number of Constituents | 344 |
| Market Maker | Virtu Financial |
| Total Expense | 1.25 |
| Management Fee | 0.95 |
| Country Name | USA |
| Returns Y T D | 39.43 |
| Name | Trust For Professional Managers - Convergence LongShort Equity ETF |
| Currency Code | USD |
| Open Figi | BBG015HY6PY5 |
| In Threey Volatility | 12.29 |
| 1y Volatility | 10.44 |
| 200 Day M A | 21.2648 |
| 50 Day M A | 22.7985 |
| Code | CLSE |
| Updated At | 27th of November 2024 |
| Currency Name | US Dollar |
| In Threey Sharp Ratio | 0.93 |
| Type | ETF |
Trust For Professional [CLSE] is traded in USA and was established 2009-12-29. The fund is listed under Long-Short Equity category and is part of Convergence family. The entity is thematically classified as Long/short ETFs. Trust For Professional currently have 22.13 M in assets under management (AUM). , while the total return for the last 3 years was 16.7%.
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Geographic Allocation (%)
Sector Allocation
Investors will always prefer to have their portfolios divercified against different sectors. The broad sector allocation increases the possibility of making a profit or at least avoiding a loss. However, this may also reduce the expected return on Trust Etf. Generally, it depends on diversification level and type but usually, the broader the sector allocation, the less risk can be expected from holding Trust Etf, and the less return is expected.
Institutional investors that are interested in enforcing a sector tilt in their portfolio can use exchange-traded funds, such as Trust For Professional Etf, as a low-cost alternative to building a custom portfolio. So, using sector ETFs to diversify your portfolio can be a profitable strategy. However, no matter what sectors are desirable at a given time, no single industry should ever make up more than 20 percent of your stock portfolio.
Top Trust For Professional Etf Constituents
| AAPL | Apple Inc | Stock | Information Technology | |
| AN | AutoNation | Stock | Consumer Discretionary | |
| CDNS | Cadence Design Systems | Stock | Information Technology | |
| CSCO | Cisco Systems | Stock | Information Technology | |
| GOOG | Alphabet Inc Class C | Stock | Communication Services | |
| GOOGL | Alphabet Inc Class A | Stock | Communication Services | |
| IT | Gartner | Stock | Information Technology | |
| JBL | Jabil Circuit | Stock | Information Technology |
Trust For Professional Risk Profiles
The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Trust For. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures.
| Mean Deviation | 0.5352 | |||
| Semi Deviation | 0.4409 | |||
| Standard Deviation | 0.7241 | |||
| Variance | 0.5244 |
Trust For Professional Technical Analysis
Transformation |
The output start index for this execution was zero with a total number of output elements of sixty-one. Trust For Professional Inverse Tangent Over Price Movement function is an inverse trigonometric method to describe Trust For price patterns.
Trust For Against Markets
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Trust For Professional. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in state. You can also try the Analyst Advice module to analyst recommendations and target price estimates broken down by several categories.
The market value of Trust For Professional is measured differently than its book value, which is the value of Trust that is recorded on the company's balance sheet. Investors also form their own opinion of Trust For's value that differs from its market value or its book value, called intrinsic value, which is Trust For's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Trust For's market value can be influenced by many factors that don't directly affect Trust For's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Trust For's value and its price as these two are different measures arrived at by different means. Investors typically determine if Trust For is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Trust For's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.