Concourse Capital Focused Equity ETF
$24.26+0.25 (+1.05%)
- 0.96%
- $32M
- −7.1%
- 0M sh
- $24.13
- low $23.55high $31.91
The ETF.net CCFE Grade
F
Score 17 out of 100
- 124 of 127
Score 17 of 100 falls in the F band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.
Cost
The fund’s net expense ratio, ranked against its category.F21 out of 100Rank 100 of 127Mission
Whether the fund did what it promised, tested against its stated mandate.C40 out of 100Rank 44 of 48Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.F4 out of 100Rank 124 of 126Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.F4 out of 100Rank 126 of 127Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.C40 out of 100Rank 93 of 124Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.D36 out of 100Rank 105 of 127
Our read on CCFE
FA private-partnership playbook in ETF clothing: Concourse runs a focused, hand-picked book of mid-size North American companies, ranked on quality, valuation and thesis timing. New in 2025, and priced like the boutique it is.
The Fund seeks long-term capital appreciation through an actively managed equity portfolio, primarily consisting of mid-capitalization companies. The adviser applies bottom-up fundamental analysis and ranks companies using quality, valuation, and investment-thesis timing criteria.
Why people hold it
- Truly active: bottom-up fundamental work, with candidates ranked on quality, valuation and thesis timing. There is no index here to hug.etfarchitect.com
- Fishes the $2B to $25B middle of the market, the mid-cap band its own prospectus defines, instead of the usual mega-cap roster.etfarchitect.com
- Run by the manager who steered Concourse's long-short private partnership from 2009 to 2025, so the process arrives with mileage on it.etfarchitect.com
- The 1940 Act ETF wrapper brings daily holdings disclosure and intraday trading to a strategy that used to sit behind a private fund's walls.etfarchitect.com
Worth knowing
- Fees run 0.95% a year, above the roughly 0.65% typical for active US equity funds, and rules-based rivals like DFAU and FELC work for under 0.20%.
- A small, thinly traded fund, so the spread you pay to get in and out can be a real part of the cost, especially in size.
- Non-diversified by design and only live since 2025: fewer names, a short record, and cash paid once or twice a year rather than monthly.aaii.com
CCFE Holdings
- Stocks
- 28
- 51%
- First American Government Obligations Fund 12/01/2031
Geography
- United States96.15%
- Canada3.85%
CCFE Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
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CCFE$9,287
Returns run to the Oct 12, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.
| Period | CCFE |
|---|---|
| Year to date | −9.0% |
| 1 month | −4.8% |
| 3 months | −10.6% |
| 1 year | −7.1% |
| 3 years | — |
| 5 years | — |
| 10 years | — |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | CCFE |
|---|---|---|
| 2026 YTD | −9.0% | |
| 2025 | +7.2% |
CCFE in the news
CCFE Dividends
- $0.005 per share
- Irregular
Distribution data unavailable.
Distribution history
CCFE Risk
- 24.4%
How it’s calculated: standard deviation
The sample standard deviation of monthly total returns, multiplied by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.
- −0.18
How it’s calculated: Sharpe ratio
Subtract each month’s Treasury-bill return from the fund’s monthly total return.
Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.
- −25.6%
How it’s calculated: maximum drawdown
The largest percentage decline from an earlier peak, using total returns with reinvested distributions.
Uses up to five years through the last close, with at least 12 months required.
- 0.99
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
CCFE Cost
0.96%
CCFE0.96%
- The middle half of US Active Equity funds
- Median 0.70%
98 of the 123 US Active Equity funds charge less.
Other funds in US Active Equity
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- FWCAPWarCap Unconstrained Equity ETFExpense ratio 1.30%1 year return −1.7%
- FNLSINEOS Long/Short Equity Income ETFExpense ratio 2.89%1 year return —
- FAINTFINQ DOLLAR NEUTRAL U.S. Large Cap AI-Managed Equity ETFExpense ratio 1.25%1 year return —
- FSURISimplify Propel Opportunities ETFExpense ratio 2.82%1 year return +27.5%