Castellan Targeted Equity ETF (CTEF)

Methodology

The Castellan Targeted Equity ETF (CBOE:CTEF) is an actively managed exchange-traded fund (“ETF”) that seeks to provide capital appreciation by investing in a select group of equity securities that exhibit “growth at a reasonable price” or “GARP.” In selecting equity securities for the Fund, Castellan employs a proprietary methodology to find equity securities with several strong fundamental factors, including earnings growth and value characteristics. Options strategies may be used to enhance returns on equity positions.

Why purchase this ETF?

The Targeted Equity ETF offers a disciplined, active approach to stock selection by combining three powerful investment factors: value, momentum, and earnings. Unlike traditional passive strategies, this ETF focuses on a concentrated portfolio of high-conviction stocks selected based on fundamental strength and earnings momentum.

What sets this ETF apart:

  • Dynamic Stock Selection: The portfolio adapts to market conditions, with entries and exits triggered by material changes in consensus earnings estimates and momentum scores, helping to stay ahead of the curve.
  • Value + Momentum Edge: Research shows combining value and momentum has historically produced superior risk-adjusted returns versus either factor alone.
  • Options-Enhanced Upside: Option strategies are selectively deployed to boost returns on new positions, creating a unique alpha source without adding excessive risk.

This ETF is designed for investors seeking a high-conviction, data-driven strategy that actively responds to changing market signals — with the goal of delivering outperformance over the long run.

Fund Objective

The Castellan Targeted Equity ETF (the “Fund”) seeks to achieve capital appreciation.

Management Team

Barry Brauch
Barry Brauch
Kevin Storn
Kevin Storn
Ben Davison
Ben Davison
Kate Ponder
Kate Ponder

Fund Basics

NAV and Market Price

NAV is the sum of all assets less any liabilities, divided by the number of shares outstanding.

Month-End Performance

Quarter-End Performance

Performance quoted represents past performance and does not guarantee future results. Investment return and principal value will fluctuate so shares may be worth more or less when redeemed or sold. Current performance may be lower or higher than that quoted.

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.

The fund is adopting the performance of the Bridgeway Funds, Inc., Blue Chip Fund (the “Predecessor Mutual Fund”) as the result of the reorganization of the Predecessor Mutual Fund into the Fund (the “Reorganization”). Prior to the Reorganization, the Fund had not yet commenced operations.

Historical Premium / Discount

Completed Calendar Quarters of Current Year and Most Recent Completed Calendar Year

Fund Distributions

Fund Holdings

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 Documentation