Key stats
About Castellan Targeted Equity ETF
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Inception date
Jun 18, 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
ISIN US02072Q4991
CTEF aims for capital appreciation through the GARP investment style, targeting growth at a reasonable price. The portfolio consists of an equity sleeve and an options sleeve. The equity sleeve utilizes a rules-based quantitative screening process that evaluates various factors (e.g., profitability, size, analyst coverage, and earnings estimates). The fund selects 20-25 companies after a qualitative review that screens value traps, which identify potential company or industry challenges (e.g., corporate actions, management changes, or regulatory issues). The options sleeve involves selling covered call options on up to 20% of the equity holdings, if considered advantageous. If options are written, the portfolio manager aims to write out-of-the-money, short-term contracts as a possible way to increase income. As an actively managed ETF, the fund has full discretion to adjust the portfolio at any time.
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
Electronic Technology
Consumer Services
Stocks96.03%
Producer Manufacturing16.12%
Electronic Technology15.98%
Consumer Services10.35%
Industrial Services9.50%
Health Services9.37%
Technology Services9.15%
Finance7.31%
Retail Trade5.19%
Health Technology4.78%
Distribution Services4.30%
Consumer Durables3.81%
Bonds, Cash & Other3.97%
Mutual fund4.12%
ETF0.02%
Cash0.01%
Rights & Warrants−0.18%
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
CTEF invests in stocks. The fund's major sectors are Producer Manufacturing, with 16.15% stocks, and Electronic Technology, with 16.01% of the basket. The assets are mostly located in the North America region.
CTEF top holdings are Micron Technology, Inc. and Comfort Systems USA, Inc., occupying 6.98% and 6.22% of the portfolio correspondingly.
CTEF assets under management is 519.98 M USD. It's risen 8.96% over the last month.
CTEF fund flows account for 38.08 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, CTEF pays dividends to its holders with the dividend yield of 0.07%. The last dividend (Dec 24, 2025) amounted to 0.05 USD. The dividends are paid annually.
CTEF shares are issued by Empirical Finance LLC under the brand Castellan. The ETF was launched on Jun 18, 2025, and its management style is Active.
CTEF expense ratio is 0.45% meaning you'd have to pay 0.45% of your investment to help manage the fund.
CTEF follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
CTEF invests in stocks.
CTEF price has risen by 9.43% over the last month, and its yearly performance shows a 49.61% increase. See more dynamics on CTEF price chart.
NAV returns, another gauge of an ETF dynamics, have risen by 8.00% over the last month, showed a 13.69% increase in three-month performance and has increased by 12.58% in a year.
NAV returns, another gauge of an ETF dynamics, have risen by 8.00% over the last month, showed a 13.69% increase in three-month performance and has increased by 12.58% in a year.
CTEF trades at a premium (0.04%) meaning the ETF is trading at a higher price than the calculated NAV.