The Castellan Targeted Income ETF (CBOE:CTIF) is an actively managed exchange-traded fund (“ETF”) that seeks to provide capital appreciation by investing in equity securities with a history of growing their dividends. In selecting equity securities for the Fund, Castellan employs a proprietary methodology to find equity securities that blends both quantitative and qualitative analysis. Castellan seeks to find companies that have strong balance sheets and earnings growth which have consistently increased their dividends in the past 10 years. In order to seek additional income, Castellan opportunistically trades call options on these equity positions.
Targeted Income ETF (CTIF) is built for investors who desire income from high-quality companies, with an added income boost from a slice of covered call options strategy.
CTIF selects companies with strong histories of dividend growth, applying a screen focused on balance sheet strength, earnings growth, and sustainable payout ratios along with a proprietary scoring metric. These are companies that not only pay dividends — they’ve shown the ability to grow them over time. To enhance income further, CTIF sells short-term calls on a portion of its holdings.
The Castellan Targeted Income ETF (the “Fund”) seeks to provide current income with an opportunity for capital appreciation.
| 1 | ||
|---|---|---|
| 1 | Ticker | CTIF |
| 2 | Fund Type | Active |
| 3 | CUSIP | 02072Q481 |
| 4 | Exchange | Cboe |
| 5 | Inception | 06/24/2025 |
| 6 | Expense Ratio | 0.45% |
| 7 | 30-Day Bid/Ask Spread* | 0.17% |
| 8 | AUM ($mm) | 197.26 |
| 9 | As of Date | 11/02/2026 |
| — | Last | 1-Day Change ($) | 1-Day Change (%) |
|---|---|---|---|
| NAV | $53.53 | $-0.5 | -0.93% |
| Market Price | $53.5 | $-0.52 | -0.96% |
| Premium / Discount | -0.06% |
| Fund_Ticker | Type | YTD | 1 Month | 3 Month | 6 Month | 1 Year | 3 Year | 5 Year | 10 Year | Since Inception | As of Date |
|---|---|---|---|---|---|---|---|---|---|---|---|
| CTIF | MKT | 5.33 | -4.11 | 1.23 | 8.51 | 4.65 | 7.38 | 09/30/2026 | |||
| CTIF | NAV | 5.26 | -4.21 | 1.07 | 8.23 | 4.51 | 7.25 | 09/30/2026 |
| Fund_Ticker | Type | YTD | 1 Month | 3 Month | 6 Month | 1 Year | 3 Year | 5 Year | 10 Year | Since Inception | As of Date |
|---|---|---|---|---|---|---|---|---|---|---|---|
| CTIF | MKT | 5.33 | -4.11 | 1.23 | 8.51 | 4.65 | 7.38 | 09/30/2026 | |||
| CTIF | NAV | 5.26 | -4.21 | 1.07 | 8.23 | 4.51 | 7.25 | 09/30/2026 |
Market price returns are based upon the closing composite market price and do not represent the returns you would receive if you traded shares at other times. Returns are average annualized total returns, except those for periods of less than one year, which are cumulative. YTD is year-to-date and ITD is inception-to-date.
| Period | Days traded at premium | Days traded at discount |
|---|---|---|
| 2026 Q3 | 37 | 24 |
| 2026 Q2 | 24 | 33 |
| 2026 Q1 | 30 | 27 |
| 2025 | 82 | 37 |
| Ex Date | Record Date | Payable Date | Income | Short Term Capital Gain | Long Term Capital Gain | Total Distro |
|---|---|---|---|---|---|---|
| 09/29/2025 | 09/29/2025 | 09/30/2025 | 0.6448 | 0.6448 | ||
| 12/23/2025 | 12/23/2025 | 12/24/2025 | 0.6440 | 0.6440 | ||
| 03/30/2026 | 03/30/2026 | 03/31/2026 | 0.6300 | 0.6300 | ||
| 06/29/2026 | 06/29/2026 | 06/30/2026 | 0.6437 | 0.6437 | ||
| 09/28/2026 | 09/28/2026 | 09/30/2026 | 0.6578 | 0.6578 |
| Ticker | Name | CUSIP | Shares | Price | Market Value ($mm) | % of Net Assets | EFFECTIVE_DATE |
|---|---|---|---|---|---|---|---|
| ABT | Abbott Laboratories | 002824100 | 75,542 | 106.20 | 8.02 | 4.11 | 11/02/2026 |
| BOXX | Alpha Architect 1-3 Month Box ETF | 02072L565 | 3,392 | 118.82 | 0.40 | 0.21 | 11/02/2026 |
| AXP | American Express Co | 025816109 | 26,914 | 319.11 | 8.59 | 4.40 | 11/02/2026 |
| AMP | Ameriprise Financial Inc | 03076C106 | 18,471 | 490.83 | 9.07 | 4.65 | 11/02/2026 |
| ADI | Analog Devices Inc | 032654105 | 23,397 | 417.11 | 9.76 | 5.00 | 11/02/2026 |
| ADP | Automatic Data Processing Inc | 053015103 | 35,762 | 293.84 | 10.51 | 5.39 | 11/02/2026 |
| BLK | Blackrock Inc | 09290D101 | 8,232 | 1,147.54 | 9.45 | 4.84 | 11/02/2026 |
| BR | Broadridge Financial Solutions Inc | 11133T103 | 53,197 | 178.82 | 9.51 | 4.88 | 11/02/2026 |
| AVGO | Broadcom Inc | 11135F101 | 23,382 | 326.08 | 7.62 | 3.91 | 11/02/2026 |
| 2ABT 261106C00112460 | ABT 11/06/2026 112.46 C | -157 | 0.12 | 0.00 | 0.00 | 11/02/2026 | |
| 2ACN 261106C00255670 | ACN 11/06/2026 255.67 C | -97 | 8.11 | -0.08 | -0.04 | 11/02/2026 | |
| 2ADI 261106C00443820 | ADI 11/06/2026 443.82 C | -49 | 2.80 | -0.01 | -0.01 | 11/02/2026 | |
| 2ADP 261106C00307100 | ADP 11/06/2026 307.1 C | -74 | 0.79 | -0.01 | 0.00 | 11/02/2026 | |
| 2AMP 261120C00527360 | AMP 11/20/2026 527.36 C | -38 | 2.64 | -0.01 | -0.01 | 11/02/2026 | |
| 2AVGO 261106C00374630 | AVGO 11/06/2026 374.63 C | -49 | 0.16 | 0.00 | 0.00 | 11/02/2026 | |
| 2AXP 261106C00333770 | AXP 11/06/2026 333.77 C | -56 | 0.67 | 0.00 | 0.00 | 11/02/2026 | |
| 2BLK 261106C01186120 | BLK 11/06/2026 1186.12 C | -17 | 6.64 | -0.01 | -0.01 | 11/02/2026 | |
| 2BR 261120C00193820 | BR 11/20/2026 193.82 C | -111 | 2.63 | -0.03 | -0.01 | 11/02/2026 | |
| 2GD 261106C00354760 | GD 11/06/2026 354.76 C | -53 | 19.47 | -0.10 | -0.05 | 11/02/2026 | |
| 2GS 261106C00952240 | GS 11/06/2026 952.24 C | -20 | 1.74 | 0.00 | 0.00 | 11/02/2026 | |
| 2GWW 261120C01375760 | GWW 11/20/2026 1375.76 C | -17 | 34.18 | -0.06 | -0.03 | 11/02/2026 | |
| 2HUBB 261120C00500120 | HUBB 11/20/2026 500.12 C | -40 | 1.10 | 0.00 | 0.00 | 11/02/2026 | |
| 2ITW 261120C00286270 | ITW 11/20/2026 286.27 C | -70 | 2.94 | -0.02 | -0.01 | 11/02/2026 | |
| 2KR 261106C00064570 | KR 11/06/2026 64.57 C | -290 | 2.55 | -0.07 | -0.04 | 11/02/2026 | |
| 2MSFT 261106C00570730 | MSFT 11/06/2026 570.73 C | -42 | 0.17 | 0.00 | 0.00 | 11/02/2026 | |
| 2PH 261120C01018300 | PH 11/20/2026 1018.3 C | -25 | 4.75 | -0.01 | -0.01 | 11/02/2026 | |
| 2RPM 261120C00105950 | RPM 11/20/2026 105.95 C | -167 | 1.52 | -0.03 | -0.01 | 11/02/2026 | |
| 2SNA 261120C00386220 | SNA 11/20/2026 386.22 C | -46 | 0.55 | 0.00 | 0.00 | 11/02/2026 | |
| 2TEL 261120C00237020 | TEL 11/20/2026 237.02 C | -86 | 1.47 | -0.01 | -0.01 | 11/02/2026 | |
| 2XYL 261120C00111470 | XYL 11/20/2026 111.47 C | -171 | 0.09 | 0.00 | 0.00 | 11/02/2026 | |
| FGXXX | First American Government Obligations Fund 12/01/2031 | 31846V336 | 963,506 | 100.00 | 0.96 | 0.49 | 11/02/2026 |
| GD | General Dynamics Corp | 369550108 | 25,673 | 372.59 | 9.57 | 4.90 | 11/02/2026 |
| GS | Goldman Sachs Group Inc/The | 38141G104 | 9,691 | 894.55 | 8.67 | 4.44 | 11/02/2026 |
| GWW | WW Grainger Inc | 384802104 | 8,048 | 1,359.17 | 10.94 | 5.61 | 11/02/2026 |
| HUBB | Hubbell Inc | 443510607 | 19,406 | 422.44 | 8.20 | 4.20 | 11/02/2026 |
| ITW | Illinois Tool Works Inc | 452308109 | 33,497 | 278.55 | 9.33 | 4.78 | 11/02/2026 |
| KR | Kroger Co/The | 501044101 | 139,440 | 66.76 | 9.31 | 4.77 | 11/02/2026 |
| MSFT | Microsoft Corp | 594918104 | 20,257 | 521.91 | 10.57 | 5.42 | 11/02/2026 |
| PH | Parker-Hannifin Corp | 701094104 | 11,771 | 899.82 | 10.59 | 5.43 | 11/02/2026 |
| RPM | RPM International Inc | 749685103 | 80,294 | 102.44 | 8.23 | 4.22 | 11/02/2026 |
| SNA | Snap-on Inc | 833034101 | 22,103 | 355.66 | 7.86 | 4.03 | 11/02/2026 |
| XYL | Xylem Inc/NY | 98419M100 | 82,090 | 92.40 | 7.59 | 3.89 | 11/02/2026 |
| Cash&Other | Cash & Other | 100,879 | 1.00 | 0.10 | 0.05 | 11/02/2026 | |
| ACN | Accenture PLC | G1151C101 | 46,450 | 258.24 | 12.00 | 6.15 | 11/02/2026 |
| TEL | TE Connectivity PLC | G87052109 | 41,097 | 213.03 | 8.75 | 4.49 | 11/02/2026 |
Fund holdings and allocations are subject to change at any time and should not be considered a recommendation to buy or sell any security.
| Fund_Ticker | Factsheet | Summary Prospectus | Statutory Prospectus | SAI | Part F Q3 | Part F Q1 | N-PX Proxy Voting Record | Annual Financials | Annual Schedule of Investments | Annual Tailored Shareholder Report | Semi-Annual Financials | Semi-Annual SOI | Semi-Annual TSR |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| CTIF | Download | Download | Download | Download | Download | Download | Download | Download | Download | Download | Download | Download |