CLSE ETF — Convergence Long/Short Equity ETF

Convergence Long/Short Equity ETF (CLSE)

Updated October 16, 2026.

CLSE is an ETF. its distribution rate is 0.77%, its trailing-12-month yield is 0.77%, its expense ratio is 1.52%. Dividend Vision Distribution Safety Score™ is 50/100 (Unproven). Total return is 133.9% over the past 4.7 years, 46.6 points ahead of SPY at 87.3%.

Convergence Long/Short Equity ETF is an actively managed fund that seeks long-term capital appreciation by holding long positions in undervalued U.S. equities while simultaneously shorting stocks expected to underperform, maintaining a net long exposure of approximately 50% to 100%. The fund carries a modest current distribution rate with annual distributions and has an expense ratio of 1.52%. It appeals to investors seeking equity exposure with a hedging component that aims to reduce downside risk while maintaining upside participation.

CLSE performance versus SPY

Price and return data through 2026-10-16.

Total return is 133.9% over the past 4.7 years, 46.6 points ahead of SPY at 87.3%. Over the past year its total return — price change plus distributions reinvested — is 31.7%. Its deepest 1-year drawdown was 4.8%.

CLSE key facts

Distribution Safety Score™

50 · Unproven

Issuer

Convergence

Asset type

ETF

Asset class

Equity

Inception date

12/29/2009

Expense ratio

1.52%

Distribution rate

0.77%

Distribution frequency

Annual

Trailing yield

0.77%

Last close

$33.74 (as of 2026-10-16)

AUM

$1,011,612,546

Average volume

457600.0

Dividend

$0.26

Ex-dividend date

12/15/2025

Payment date

12/16/2025

Beta

0.75

How Dividend Vision calculates yield and returns

Distribution rate (0.77%) uses calculation basis unavailable. Issuer rates can use a different denominator and date, including ex-date NAV. Trailing-12-month yield (0.77%) is the sum of split-adjusted cash distributions with ex-dates in the last 12 months, divided by the published price. It lags a recent raise or cut. Total return uses split-adjusted close with distributions reinvested on the ex-dividend date (a modeling convention, not the cash-settlement date) from the first stored bar on or after inception through the latest bar, compared with the same window on the benchmark. That is the security's total return, not your personal gain/loss.

Yield and safety methodology · Distribution rate methodology · Distribution Safety Score methodology

Sources and review

Primary sources: Convergence or company page; prices and distributions from Dividend Vision, derived from vendor EOD data.

Reviewed by Bert Sweet, CEO and Co-owner of Dividend Vision. Methodology: Distribution Safety Score.

CLSE risks and drawbacks

CLSE's current distribution rate is moderate, not a high-yield payout — the strategy is dividend quality more than maximum income. Payments are annual, so cash flow is lumpy versus a monthly fund. The deepest 1-year drawdown on record here is 4.8%.

Who may consider CLSE — and who may not

It is a weaker fit for investors who need monthly cash flow (CLSE pays annual); investors hunting double-digit covered-call yields. This is educational context, not a recommendation to buy or sell.

More on CLSE

• All tickers starting with C

Tagged: Active.

Frequently asked questions

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