Key stats
About Elevation Series Trust Clough Hedged Equity ETF
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Inception date
Nov 13, 2020
Structure
Open-Ended Fund
Replication method
Physical
Dividend treatment
Distributes
Distribution tax treatment
Ordinary income
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
Clough Capital Partners LP
Distributor
Foreside Fund Services LLC
CBLS has free rein within the US equity market to establish long and short positions based on the fund advisers 5-11 year outlook for the space. The objective is to provide capital appreciation while minimizing volatility as compared to the broader equity market. Long positions focus on sectors, industries, or specific companies, generally small and midcap stocks, the adviser believes are undervalued or overlooked. Stocks are analyzed for quantitative factors of quality, value, momentum, size and volatility. In addition, fundamental criteria such as: assessment of competitors, suppliers, customers, replacements and ESG attributes are also considered. Short positions are entered on stocks believed to have declining fundamentals such as earnings, revenue or weakening market position compared to competitors. Prior to March 13, 2023, the fund name was Clough Hedged Equity ETF. The fund traded under the name Clough Hedged Equity ETF. On March 04, 2024, CBLS underwent the name change.
Classification
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
Technology Services
Cash
Mutual fund
Stocks84.16%
Technology Services15.90%
Non-Energy Minerals8.13%
Producer Manufacturing7.58%
Electronic Technology6.94%
Consumer Non-Durables5.72%
Finance3.95%
Consumer Services3.33%
Energy Minerals3.32%
Industrial Services2.09%
Health Services1.90%
Consumer Durables1.85%
Commercial Services1.73%
Utilities1.71%
Retail Trade1.52%
Bonds, Cash & Other15.84%
Cash28.76%
Mutual fund13.76%
ETF1.48%
Miscellaneous−28.15%
Stock breakdown by region
North America69.58%
Europe19.43%
Asia8.60%
Latin America2.38%
Africa0.00%
Middle East0.00%
Oceania0.00%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
CBLS invests in stocks. The fund's major sectors are Technology Services, with 20.38% stocks, and Non-Energy Minerals, with 10.42% of the basket. The assets are mostly located in the North America region.
CBLS last dividends amounted to 0.19 USD. The year before, the issuer paid 0.09 USD in dividends, which shows a 53.22% increase.
CBLS assets under management is 42.87 M USD. It's risen 2.16% over the last month.
CBLS fund flows account for 11.97 M USD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
Yes, CBLS pays dividends to its holders with the dividend yield of 0.68%. The last dividend (Dec 26, 2024) amounted to 0.19 USD. The dividends are paid annually.
CBLS shares are issued by Clough CGI LLC under the brand Clough. The ETF was launched on Nov 13, 2020, and its management style is Active.
CBLS expense ratio is 1.90% meaning you'd have to pay 1.90% of your investment to help manage the fund.
CBLS follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
CBLS invests in stocks.
CBLS price has risen by 3.66% over the last month, and its yearly performance shows a 10.09% increase. See more dynamics on CBLS price chart.
NAV returns, another gauge of an ETF dynamics, have risen by 4.03% over the last month, showed a 8.07% increase in three-month performance and has increased by 10.67% in a year.
NAV returns, another gauge of an ETF dynamics, have risen by 4.03% over the last month, showed a 8.07% increase in three-month performance and has increased by 10.67% in a year.
CBLS trades at a premium (0.02%) meaning the ETF is trading at a higher price than the calculated NAV.