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
Quasar Distributors LLC
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
Technology Services
Electronic Technology
Producer Manufacturing
Stocks100.28%
Technology Services24.64%
Electronic Technology11.57%
Producer Manufacturing10.79%
Industrial Services9.14%
Finance8.77%
Retail Trade8.20%
Consumer Services7.89%
Health Technology5.60%
Consumer Durables4.70%
Health Services4.67%
Distribution Services3.80%
Bonds, Cash & Other−0.28%
Cash0.14%
Mutual fund0.09%
ETF0.02%
Rights & Warrants−0.53%
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 Technology Services, with 24.77% stocks, and Electronic Technology, with 11.63% of the basket. The assets are mostly located in the North America region.
CTEF top holdings are Western Digital Corporation and AppLovin Corp. Class A, occupying 6.92% and 6.78% of the portfolio correspondingly.
CTEF assets under management is 452.45 M USD. It's risen 12.18% over the last month.
CTEF fund flows account for 46.05 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.
No, CTEF doesn't pay dividends to its holders.
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 trades at a premium (0.06%) meaning the ETF is trading at a higher price than the calculated NAV.