Key stats
About Towle Value ETF
Home page
Inception date
Jul 16, 2025
Structure
Open-Ended Fund
Replication method
Physical
Dividend treatment
Distributes
Distribution tax treatment
Qualified dividends
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
Empowered Funds LLC
Distributor
Pine Distributors LLC
Identifiers
3
ISINUS02072Q4322
TCV invests in companies trading at an enterprise value-to-sales ratio below 1.5x while showing strong customer demand. The fund focuses on out-of-favor US companies affected by temporary setbacks or negative sentiment but with clear catalysts for future growth. While the fund focuses on small-cap companies, it may invest across all industries and sizes. Security selection uses a contrarian, value-driven strategy to capitalize on market inefficiencies caused by investor bias. Additionally, the adviser screens liquidity, historical earnings, and performance while excluding industries like tobacco, liquor, or gaming. Up to 25% of assets may include foreign securities via direct holdings or ADRs. Holdings will generally include 30-100 stocks. Positions are sold when valuation targets are met, fundamentals deteriorate, or better opportunities arise.
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
Producer Manufacturing
Finance
Energy Minerals
Stocks98.27%
Producer Manufacturing16.62%
Finance16.29%
Energy Minerals10.92%
Distribution Services7.89%
Consumer Durables7.59%
Retail Trade7.38%
Industrial Services7.35%
Transportation6.83%
Non-Energy Minerals5.22%
Electronic Technology4.24%
Process Industries3.50%
Commercial Services2.25%
Consumer Services2.08%
Bonds, Cash & Other1.73%
Mutual fund1.83%
Cash−0.10%
Stock breakdown by region
North America100.00%
Latin America0.00%
Europe0.00%
Asia0.00%
Africa0.00%
Middle East0.00%
Oceania0.00%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
TCV invests in stocks. The fund's major sectors are Producer Manufacturing, with 16.63% stocks, and Finance, with 16.31% of the basket. The assets are mostly located in the North America region.
TCV top holdings are Anywhere Real Estate Inc. and Alpha Metallurgical Resources, Inc., occupying 4.19% and 3.21% of the portfolio correspondingly.
TCV last dividends amounted to 0.01 USD. The year before, the issuer paid 0.07 USD in dividends, which shows a 646.21% decrease.
TCV assets under management is 81.80 M USD. It's fallen 6.01% over the last month.
TCV fund flows account for −5.19 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, TCV pays dividends to its holders with the dividend yield of 0.27%. The last dividend (Dec 31, 2025) amounted to 0.01 USD. The dividends are paid annually.
TCV shares are issued by Empirical Finance LLC under the brand Towle. The ETF was launched on Jul 16, 2025, and its management style is Active.
TCV expense ratio is 0.85% meaning you'd have to pay 0.85% of your investment to help manage the fund.
TCV follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
TCV invests in stocks.
TCV price has fallen by −2.74% over the last month, and its yearly performance shows a 4.13% increase. See more dynamics on TCV price chart.
NAV returns, another gauge of an ETF dynamics, have risen by −1.43% over the last month, have fallen by −1.43% over the last month, showed a 2.05% increase in three-month performance and has increased by 1.54% in a year.
NAV returns, another gauge of an ETF dynamics, have risen by −1.43% over the last month, have fallen by −1.43% over the last month, showed a 2.05% increase in three-month performance and has increased by 1.54% in a year.
TCV trades at a premium (0.09%) meaning the ETF is trading at a higher price than the calculated NAV.