CBSE
Clough Select Equity ETF
CBSE is an actively managed, concentrated portfolio of US-listed stocks that appear fundamentally undervalued and have positive environmental, social and governance attributes as viewed by the fund adviser.
US
EQUITY
Active
MANAGEMENT STYLE
$ 33.7 M
ASSETS UNDER MGMT
85 bp
EXPENSES
Fund Basics
| Inception date | Nov 13, 2020 |
| Regulation | Open-Ended Fund |
| Fund Website | link... |
| Distributions | Annually |
| Currency | USD |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | No |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| COINBASE GLOBAL, INC. CLASS A | 3.5 % |
| CHENIERE ENERGY INC | 3.5 % |
| REDDIT INC-CL A | 3.4 % |
| CAPRI HOLDINGS LIMITED | 3.2 % |
| MARVELL TECHNOLOGY, INC. | 3.1 % |
| MAKEMYTRIP LTD | 3.1 % |
| VITAL FARMS INC | 3.1 % |
| ALTC ACQUISITION CORP. CLASS A | 3.1 % |
| SPOTIFY TECHNOLOGY SA | 3.0 % |
| VISTRA ENERGY CORP. | 3.0 % |
Constituent Breakdown
| Number of holdings | 40 |
| Herfindahl-Hirschman Index | 262 |
| Wgt avg mkt cap (mns) | $75,904 |
| Large cap (>$10bn) | 57.2% |
| Mid cap ($2-10bn) | 23.3% |
| Small cap (<$2bn) | 19.6% |
| Developed mkts. | 91.1% |
| Emerging mkts. | 5.4% |
Sector Breakdown
Country Exposure
 |
UNITED STATES | 75.6 % |
 |
CANADA | 7.4 % |
 |
BRITAIN | 3.2 % |
 |
INDIA | 3.1 % |
 |
LUXEMBOURG | 3.0 % |
 |
URUGUAY | 2.3 % |
 |
NETHERLANDS | 2.0 % |
Historical Performance
Standardized Performance (as of 04/30/2026)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 17.9% | 54.9% | 32.0% | 26.0% | 9.3% | -- | -- | 16.3% |
| Dividend Yield | 0.0% | 0.5% | 0.5% | 0.9% | 0.6% | -- | -- | 0.6% |
| Total Returns | 17.9% | 55.5% | 32.4% | 26.9% | 9.9% | -- | -- | 16.9% | Ann. Volatility | 26.3% | 22.3% | 25.0% | 22.6% | 24.0% | -- | -- | 23.8% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.36 | 57% |
| MSCI EAFE | 0.94 | 38% |
| MSCI Emg Mkts | 0.83 | 47% |
Liquidity Measures
| Avg. volume (000) | 5 |
| ADV traded (mns) | $0 |
| Turnover | 0.8% |
| Avg. Bid/Ask (% of price) | 0.17% |
Technical Indicators
| 30d moving avg. (EMA) | $47.04 |
| Relative strength (RSI) | 62 |
| MACD/Signal | 1.21/1.36 |
| Bollinger Bands (Upper/Lower) | $51.08/$44.80 |
| Short interest (% of AUM) | 2.4% |
Distributions
Top Ten Comparable ETFs only shown here. For an extended list become an Individual or Professional subscriber. Start your FREE trial
Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. CBSE |
Expenses vs. CBSE |
ALTAR Score™ vs. CBSE |
|---|---|---|---|---|
| ICAP | InfraCap Equity Income Fund ETF | 12.7% | +86 bp | +3.5% |
| QMOM | Alpha Architect U.S. Quantitative Momentum ETF | 11.5% | -46 bp | +0.6% |
| LOUP | Innovator Deepwater Frontier Tech ETF | 11.5% | -15 bp | +0.6% |
| PRN | Invesco Dorsey Wright Industrials Momentum ETF | 11.5% | -25 bp | +0.9% |
| AIPO | Defiance AI & Power Infrastructure ETF | 11.4% | -16 bp | +0.3% |
| QTEC | First Trust NASDAQ-100 Technology Sector Index Fund | 11.4% | -28 bp | +1.9% |
| LVDS | JPMorgan Fundamental Data Science Large Value ETF | 11.3% | -36 bp | +4.6% |
| AFOS | ARS Focused Opportunities Strategy ETF | 10.5% | -40 bp | +1.8% |
| LNGX | Global X U.S. Natural Gas ETF | 10.5% | -40 bp | +9.3% |
| ZAP | Global X U.S. Electrification ETF | 10.4% | -35 bp | +2.8% |
Risk and Returns: CBSE vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates (USD)
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | ||
|---|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Book value per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
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Valuation Metrics
| Fwd Est | 2025 | 2026 | 2027 | |
| Price-to-sales | --x | --x | --x | --x |
| Price-to-earnings | --x | --x | --x | --x |
| Price-to-cash flow | --x | --x | --x | --x |
| Price-to-growth | --x | --x | --x | --x |
| Price-to-book value | --x | --x | --x | --x |
| Yield | --% | --% | --x | --% |
Based on closing prices from 5/30/2026
Peer Group Comparison
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Historical Valuation Trends Sample data. Subscribe for access.
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
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ETF Research Center Rating
0.9%
ALTAR SCORE™
2nd
PERCENTILE
AVOID
ETFRC RATING
There are 1,400 funds in the US Equity category with an average
ALTAR Score™ of 5.3% and a standard deviation
of 2.1%. CBSE's ALTAR Score™ is approximately -2.1 standard
deviations above the category average. This places CBSE in the 2nd percentile
among funds in the category.
Sell-Side Consensus
$55.44
PRICE TARGET
+10.3%
UPSIDE