CTEF
Castellan Targeted Equity ETF
Castellan Targeted Equity ETF aims to provide long-term capital appreciation by investing primarily in a diversified portfolio of U.S. equity securities while employing a rules-based investment strategy to target specific investment themes.
US
EQUITY
Active
MANAGEMENT STYLE
$ 632.1 M
ASSETS UNDER MGMT
45 bp
EXPENSES
Fund Basics
| Inception date | Jun 17, 2025 |
| Regulation | Open-Ended Fund |
| Fund Website | link... |
| Distributions | |
| Currency | USD |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | No |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| FORTINET INC | 6.0 % |
| NETAPP INC | 5.9 % |
| FAMOUS DAVE'S OF AMERICA | 5.8 % |
| COMFORT SYSTEMS USA INC | 5.2 % |
| ALLIANCE DATA SYSTEMS CORP | 5.0 % |
| TENET HEALTHCARE CORP | 4.9 % |
| LAM RESEARCH CORP | 4.7 % |
| MICRON TECHNOLOGY INC | 4.7 % |
| VIRTU FINANCIAL, INC. CLASS A | 4.6 % |
| FRONTDOOR, INC. | 4.4 % |
Constituent Breakdown
| Number of holdings | 22 |
| Herfindahl-Hirschman Index | 454 |
| Wgt avg mkt cap (mns) | $390,827 |
| Large cap (>$10bn) | 57.4% |
| Mid cap ($2-10bn) | 37.3% |
| Small cap (<$2bn) | 0.0% |
| Developed mkts. | 94.7% |
| Emerging mkts. | 0.0% |
Sector Breakdown
Country Exposure
 |
UNITED STATES | 96.7 % |
Historical Performance
Standardized Performance (as of 08/31/2026)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 31.9% | 49.3% | -- | -- | -- | -- | -- | 59.9% |
| Dividend Yield | 0.0% | 0.1% | -- | -- | -- | -- | -- | 0.1% |
| Total Returns | 31.9% | 49.4% | -- | -- | -- | -- | -- | 60.0% | Ann. Volatility | 26.1% | 23.8% | -- | -- | -- | -- | -- | 22.5% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.51 | 65% |
| MSCI EAFE | 1.09 | 51% |
| MSCI Emg Mkts | 0.76 | 62% |
Liquidity Measures
| Avg. volume (000) | 7 |
| ADV traded (mns) | $1 |
| Turnover | 0.1% |
| Avg. Bid/Ask (% of price) | 0.18% |
Technical Indicators
| 30d moving avg. (EMA) | $89.90 |
| Relative strength (RSI) | 56 |
| MACD/Signal | 0.24/0.22 |
| Bollinger Bands (Upper/Lower) | $92.85/$87.10 |
| Short interest (% of AUM) | 0.0% |
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. CTEF |
Expenses vs. CTEF |
ALTAR Score™ vs. CTEF |
|---|---|---|---|---|
| RAYD | Rayliant Quantitative Developed Market Equity ETF | 23.3% | +35 bp | -0.8% |
| SEIM | SEI Enhanced U.S. Large Cap Momentum Factor ETF | 21.7% | -30 bp | -1.5% |
| BRES | Burney U.S. Equity Select ETF | 19.2% | +34 bp | -1.5% |
| AFOS | ARS Focused Opportunities Strategy ETF | 19.2% | 0 bp | -2.5% |
| RSPT | Invesco S&P 500 Equal Weight Technology ETF | 18.0% | -5 bp | -1.2% |
| BAI | iShares AI Innovation and Tech Active ETF | 17.5% | +10 bp | -3.8% |
| SNPG | Xtrackers S&P 500 Growth ESG ETF | 17.0% | -30 bp | +0.1% |
| QQQG | Pacer Nasdaq 100 Top 50 Cash Cows Growth Leaders ETF | 17.0% | +4 bp | -1.9% |
| QGRO | American Century U.S. Quality Growth ETF | 16.9% | -16 bp | -0.1% |
| BRNY | Burney U.S. Factor Rotation ETF Burney U.S. Factor Rotation | 16.6% | +34 bp | -0.2% |
Risk and Returns: CTEF 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 9/21/2026
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
5.4%
ALTAR SCORE™
50th
PERCENTILE
NEUTRAL
ETFRC RATING
There are 1,399 funds in the US Equity category with an average
ALTAR Score™ of 5.4% and a standard deviation
of 2.1%. CTEF's ALTAR Score™ is approximately 0.0 standard
deviations above the category average. This places CTEF in the 50th percentile
among funds in the category.
Sell-Side Consensus
$90.75
PRICE TARGET
+6.1%
UPSIDE