CLS Global Aggressive Equity Fund
CLACX
NASDAQ- -
USD
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- -
Capital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management - Global
- Address
- 17605 Wright Street Omaha NE 68130
- IPO Date
- Jan 2, 2019
- CIK
- 0001029068
- Similar Companies
- Business
- CLS Global Aggressive Equity Fund (CLACX) is an open-end mutual fund that seeks long-term capital growth by investing primarily in exchange-traded funds (ETFs), other open-end mutual funds, and closed-end funds focused on equity securities, including common stocks, convertible preferred stocks, convertible debentures, and warrants of domestic and foreign issuers. The fund maintains a targeted risk level equivalent to approximately 110% of a diversified equity benchmark comprising 60% Russell 3000 Index and 40% MSCI ACWI ex-US Index, with active allocation adjustments across asset classes, sectors, regions, countries, and individual securities based on fundamental and technical analysis; allocations to equities and bonds vary according to assessed return opportunities relative to risk. It offers Class N shares with a net expense ratio of 1.71%, reflecting contractual fee waivers, and is part of the AdvisorOne Funds family managed by CLS Investments, LLC. CLS Investments, LLC, founded in 1998 and headquartered in Omaha, Nebraska, serves as the investment adviser for the fund, utilizing a team-based management approach with primary day-to-day responsibility held by co-portfolio managers Grant Engelbart, CFA (since May 2014), and Konstantin Etus, CFA (since December 2015). The fund targets investors seeking aggressive equity exposure through a fund-of-funds structure, providing diversified access to global markets while indirectly bearing underlying fund fees; it operates without sales loads but cautions on risks including leverage via options and futures, volatility from small- and mid-cap holdings, foreign securities, currency fluctuations, commodities, and potential style drift in underlying managers. Recent developments include ongoing active management enhancements within the AdvisorOne Funds family, where CLS Investments has expanded its offerings in recent years by adding ETF-focused funds to complement original strategies like the CLS Global Diversified Equity Fund, enabling broader adaptive risk allocation across investor portfolios. The fund continues to emphasize low-turnover ETF investments for tax efficiency and market tracking, with performance data as of recent quarters showing average annual total returns of 13.58% (1-year), 19.57% (3-year), 13.32% (5-year), and 10.93% since inception on October 1, 2009. No major acquisitions, partnerships, funding rounds, or strategic reorganizations specific to CLACX have been reported in the last 1-2 years, maintaining focus on core global aggressive equity strategies amid stable operations.