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CCFE

GradeFNASDAQ

Concourse Capital Focused Equity ETF

Active Equity · Concourse · Inception 2025-06-11

$24.32−0.27 (−1.11%)

As of Sep 23, 2026, 10:24 AM EDT

Market opens at 9:30 AM ET.History starts Jun 12, 2025.
Intraday session: down, 15 prints from 24.68 to 24.32. Range 24.15 to 24.68. Use the arrow keys to read each point.$24.20$24.40$24.60Sep 17Sep 18Sep 21Sep 22Sep 23
Expense ratio
0.95%
Fund size
$34M
1Y return
−10.7%
Yield · Last 12 months
Data unavailable
Volume · 30D
0M sh
NAV per share
$24.31
52W range
low $24.23high $31.91

The ETF.net CCFE Grade

F

16/ 100

Rank 124 of 127 in US Active Equity⁠

Confidence High

Six-pillar profile for CCFE. Scores out of 100: Cost 19, Risk 3, Mission 38, Tradability 3, Holdings 37, Durability 38. Strongest: Mission (38). Weakest: Tradability (3). No single pillar leads.
F< 25
D≥ 25
C≥ 40
B≥ 55
A≥ 70

Score 16 of 100 sits in the F band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.

  • Cost

    What you pay to own it — the expense ratio plus trading frictions, ranked within its category.
    FScore 19
    Category rank102/127 · bottom quartile

  • Mission

    How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.
    DScore 38
    Category rank45/48 · bottom quartile

  • Risk

    How violently it can move — volatility, drawdown depth, and downside capture versus its category.
    FScore 3
    Category rank126/126 · bottom quartile

  • Tradability

    How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.
    FScore 3
    Category rank125/127 · bottom quartile

  • Holdings

    What it actually owns — the quality, breadth, and concentration of the underlying portfolio.
    DScore 37
    Category rank98/124 · bottom quartile

  • Durability

    Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.
    DScore 38
    Category rank100/127 · bottom quartile

Graded as of Sep 22, 2026

Our read on CCFE

ETF.net Research

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.

Stated mandate

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

  1. 01Truly active: bottom-up fundamental work, with candidates ranked on quality, valuation and thesis timing. There is no index here to hug.etfarchitect.com
  2. 02Fishes 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
  3. 03Run 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
  4. 04The 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

  1. 01Fees 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%.
  2. 02A 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.
  3. 03Non-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

As of Sep 20, 2026, 10:14 AM
Asset class
Stocks
Holdings
—
Top-10 weight
54%
Largest holding
First American Government Obligations Fund 12/01/20318.6%

Geography

  • United States95.72%
  • Canada4.28%
The fund’s holdings, weight-ordered — page 1 of 2.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001—First American Government Obligations Fund 12/01/20318.59%2,953,296$3M625
002CPSCooper-Standard Holdings Inc7.83%117,416$3M51
003AAPAdvance Auto Parts Inc5.97%48,063$2M119
004CMCOColumbus McKinnon Corp/NY5.56%121,223$2M54
005KNXKnight-Swift Transportation Holdings Inc5.18%26,721$2M153
006TLNTalen Energy Corp5.12%6,020$2M166
007GXOGXO Logistics Inc4.39%32,882$2M138
008—Topicus.com Inc4.31%23,147$1M3
009WCCWESCO International Inc3.81%3,812$1M169
010PBH.TOPremium Brands Holdings Corp3.73%23,536$1M37
011SSNCSS&C Technologies Holdings Inc3.64%15,646$1M204
012CNXCNX Resources Corp3.46%36,109$1M147
013SAIASaia Inc3.41%3,413$1M151
014FTAIFTAI Aviation Ltd3.32%5,966$1M160
015VFCVF Corp3.26%87,613$1M141

Showing 1–15 of 27 holdings

CCFE Performance

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

CCFE$8,931
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,723
Sep 22, 2025 to Sep 22, 2026. CCFE $8,931. SPY $11,723. Use the arrow keys to read each point.$8,563$10,281$11,999Sep 2025Mar 2026Sep 2026

Sep 22, 2025 – Sep 22, 2026

Returns run to the Sep 22, 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.

Trailing total return for CCFE. Periods over one year show the average yearly return.
PeriodCCFE
Year to date−7.0%
1 month−7.5%
3 months−10.7%
1 year−10.7%
3 yearsFund is under 3 years old—per year
5 yearsFund is under 5 years old—per year
10 yearsFund is under 10 years old—per year

As of the close, with distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for CCFE
YearReturn barCCFE
2026 YTD−7.0%
2025+7.2%

History from Jun 12, 2025

CCFE in the news

ETF.net Research hasn’t filed on CCFE yet — coverage lands here as it’s written.

CCFE Dividends

Adds up every distribution paid per share over the last 12 months, divided by the last completed close. Distributions are counted by ex-date. Data through Sep 22, 2026.
Data unavailableLast 12 months
Payout per share
Data unavailableLast 12 months
Last payment
$0.005 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Irregular

Distribution data unavailable.

Distribution history

2025–2026

One bar per payment. 1 payment from 2025 to 2026 YTD. Dec 23, 2025 $0.005. Use the arrow keys to read each point.20252026YTD
Ex-datePay dateAmount per share
Dec 23, 2025Dec 24, 2025$0.005

CCFE Risk

How much the fund’s monthly returns vary, scaled to a year.
23.7%
Annualised · 14 months to Aug 2026
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.

Return above 3-month US Treasury bills per unit of volatility.
0.15
vs 3-month T-bills · 14 months to Aug 2026
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.

The largest fall from a peak to the low that followed.
−23.5%
15 months · trough Sep 2026
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.

How strongly the fund’s returns move with its asset-class index.
0.90
vs its asset-class index
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

Expense ratio0.95%
  • The middle half of US Active Equity funds
  • Median 0.70%

97 of the 124 US Active Equity funds charge less.

CCFE costs $95.00 a year on $10,000. The median US Active Equity fund costs $70.00.