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Name

As of 06/01/2026

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

Castellan Targeted Income ETF

CTIF | ETF

$51.99

$165 M

4.85%

$2.52

0.45%

Vitals

YTD Return

4.1%

1 yr return

N/A

3 Yr Avg Return

N/A

5 Yr Avg Return

N/A

Net Assets

$165 M

Holdings in Top 10

54.8%

52 WEEK LOW AND HIGH

$51.9
$47.46
$53.10

Expenses

OPERATING FEES

Expense Ratio 0.45%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover N/A

Redemption Fee N/A

Min Investment

Standard (Taxable)

N/A

IRA

N/A

Fund Classification

Fund Type

Exchange Traded Fund

Name

As of 06/01/2026

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

Castellan Targeted Income ETF

CTIF | ETF

$51.99

$165 M

4.85%

$2.52

0.45%

CTIF - Profile

Distributions

  • YTD Total Return 4.1%
  • 3 Yr Annualized Total Return N/A
  • 5 Yr Annualized Total Return N/A
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio N/A
DIVIDENDS
  • Dividend Yield 4.8%
  • Dividend Distribution Frequency Quarterly

Fund Details

  • Legal Name
    Castellan Targeted Income ETF
  • Fund Family Name
    N/A
  • Inception Date
    Jun 25, 2025
  • Shares Outstanding
    N/A
  • Share Class
    N/A
  • Currency
    USD
  • Domiciled Country
    US

Fund Description

The Fund is an actively managed exchange-traded fund (“ETF”) that seeks to provide current income with an opportunity for capital appreciation by investing in a select group of companies that have a history of growing their dividends. Castellan Group, LLC’s will serve as the Fund’s sub-adviser (the “Castellan”) and will be responsible for selecting the Fund’s investments. Castellan has developed a proprietary methodology for selecting investments that blends both quantitative and qualitative analysis. The Fund’s portfolio will consist of an equity sleeve of dividend paying stocks and an options sleeve that may provide additional income. Each sleeve is described below.
Equity Sleeve
In selecting equity securities for the Fund, Castellan will first apply a rules-based quantitative screening process that screens U.S.-listed stocks and American Depositary Receipts (ADRs) for companies that have consistently increased their dividends for the last 10 years. Castellan then performs a qualitative review of each company, evaluating a company’s balance sheet strength and financial leverage, earnings growth, free cash flows, short- and long-term payout ratios (i.e., the rate at which a company distributes earnings to its shareholders), the cyclicality of earnings, a company’s leadership position in its industry, and the prospects for the industry. Castellan generally seeks companies that have demonstrated the ability to grow their free cash flows, earnings, and dividends while maintaining their financial strength. Castellan will also consider the quality and reputation of a company’s management team, looking for those teams that have demonstrated the ability to strategically allocate company capital.
The Fund’s’s investment philosophy is based on the belief that dividend growth is a strong indicator of the quality of the company. Castellan believes that dividends are generally a sign of capital discipline, financial well-being, and business sustainability and that they are the hallmark of a high-quality company. At the end of this process, Castellan expects to invest the Fund’s assets in up to 50 mid- and large-capitalization dividend paying companies that satisfy its investment criteria.
Covered Call Options Sleeve
The Fund will also employ an option strategy in which it will opportunistically write (sell) or cover (buy) U.S. exchange-traded covered call options on certain of the equity securities in the Equity Sleeve to seek additional income (in the form of premiums on the options). A call option written (sold) by the Fund will give the holder (buyer) the right to buy a certain equity security at a predetermined strike price from the Fund. A premium is the income received by the writer of the option contract. In selling the covered calls, the Fund effectively sells its ability to participate in gains of the reference security beyond the predetermined strike price in exchange for the premium income received.
The Fund employs an active covered call strategy that seeks to reduce investment risk and enhance total return by tactically selling short-term out-of-the-money covered calls on approximately 20% of the Fund’s Equity Sleeve holdings. Castellan, with the assistance of the Fund’s other sub-adviser, Arin Risk Advisors, LLC (“Arin”), will actively select the strike prices and expiration dates for the call options based on their judgment and market analysis. This investment strategy is not a systematic covered call strategy which involves a fund following a predetermined set of rules to select the underlying assets, strike prices, and expiration dates for all call options without regard to market conditions. Typically, the Fund will write call options with an expiry of 2 to 5 weeks though this period and the differences between the strike prices and the price of the underlying stock will vary. In addition, there may be times (i.e., during a period of extreme market volatility when premiums do not favor call writing) when Castellan instructs Arin not to write any call options on holdings within the Equity Sleeve.
General Portfolio Information
The Fund is considered to be non-diversified, which means that it may invest more of its assets in the securities of a single issuer or a smaller number of issuers than if it were a diversified fund. The Fund will sell, reduce or close positions according to changes in Castellan’s investment analysis. In addition, Castellan will actively monitor the Fund’s sector diversification, looking to maintain no more than 20% of the Fund’s assets in any one sector.
Read More

CTIF - Performance

Return Ranking - Trailing

Period CTIF Return Category Return Low Category Return High Rank in Category (%)
YTD 4.1% N/A N/A N/A
1 Yr N/A N/A N/A N/A
3 Yr N/A* N/A N/A N/A
5 Yr N/A* N/A N/A N/A
10 Yr N/A* N/A N/A N/A

* Annualized

Return Ranking - Calendar

Period CTIF Return Category Return Low Category Return High Rank in Category (%)
2025 N/A N/A N/A N/A
2024 N/A N/A N/A N/A
2023 N/A N/A N/A N/A
2022 N/A N/A N/A N/A
2021 N/A N/A N/A N/A

Total Return Ranking - Trailing

Period CTIF Return Category Return Low Category Return High Rank in Category (%)
YTD 4.1% N/A N/A N/A
1 Yr N/A N/A N/A N/A
3 Yr N/A* N/A N/A N/A
5 Yr N/A* N/A N/A N/A
10 Yr N/A* N/A N/A N/A

* Annualized

Total Return Ranking - Calendar

Period CTIF Return Category Return Low Category Return High Rank in Category (%)
2025 N/A N/A N/A N/A
2024 N/A N/A N/A N/A
2023 N/A N/A N/A N/A
2022 N/A N/A N/A N/A
2021 N/A N/A N/A N/A

CTIF - Holdings

Concentration Analysis

CTIF Category Low Category High CTIF % Rank
Net Assets 165 M N/A N/A N/A
Number of Holdings 44 N/A N/A N/A
Net Assets in Top 10 91.4 M N/A N/A N/A
Weighting of Top 10 54.79% N/A N/A N/A

Top 10 Holdings

  1. Analog Devices Inc 6.71%
  2. Parker-Hannifin Corp 6.25%
  3. Caterpillar Inc 6.16%
  4. Snap-on Inc 5.55%
  5. Eaton Corp PLC 5.49%
  6. Hubbell Inc 5.22%
  7. Kroger Co/The 5.00%
  8. WW Grainger Inc 4.84%
  9. General Dynamics Corp 4.82%
  10. Procter Gamble Co/The 4.75%

Asset Allocation

Weighting Return Low Return High CTIF % Rank
Stocks 		99.65% N/A N/A N/A
Cash 		0.52% N/A N/A N/A
Preferred Stocks 		0.00% N/A N/A N/A
Convertible Bonds 		0.00% N/A N/A N/A
Bonds 		0.00% N/A N/A N/A
Other 		-0.17% N/A N/A N/A

Stock Sector Breakdown

Weighting Return Low Return High CTIF % Rank
Utilities 		0.00% N/A N/A N/A
Technology 		0.00% N/A N/A N/A
Real Estate 		0.00% N/A N/A N/A
Industrials 		0.00% N/A N/A N/A
Healthcare 		0.00% N/A N/A N/A
Financial Services 		0.00% N/A N/A N/A
Energy 		0.00% N/A N/A N/A
Communication Services 		0.00% N/A N/A N/A
Consumer Defense 		0.00% N/A N/A N/A
Consumer Cyclical 		0.00% N/A N/A N/A
Basic Materials 		0.00% N/A N/A N/A

Stock Geographic Breakdown

Weighting Return Low Return High CTIF % Rank
US 		99.65% N/A N/A N/A
Non US 		0.00% N/A N/A N/A

CTIF - Expenses

Operational Fees

CTIF Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.45% N/A N/A N/A
Management Fee 0.45% N/A N/A N/A
12b-1 Fee N/A N/A N/A N/A
Administrative Fee N/A N/A N/A N/A

Sales Fees

CTIF Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A N/A N/A N/A
Deferred Load N/A N/A N/A N/A

Trading Fees

CTIF Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A N/A N/A N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

CTIF Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover N/A N/A N/A N/A

CTIF - Distributions

Dividend Yield Analysis

CTIF Category Low Category High CTIF % Rank
Dividend Yield 4.85% N/A N/A N/A

Dividend Distribution Analysis

CTIF Category Low Category High Category Mod
Dividend Distribution Frequency Quarterly

Net Income Ratio Analysis

CTIF Category Low Category High CTIF % Rank
Net Income Ratio N/A N/A N/A N/A

Capital Gain Distribution Analysis

CTIF Category Low Category High Capital Mode
Capital Gain Distribution Frequency

Distributions History

View More +

CTIF - Fund Manager Analysis

Tenure Analysis

Category Low Category High Category Average Category Mode
N/A N/A N/A N/A

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