Castle Tandem Fund
Name
As of 04/17/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
-1.4%
1 yr return
4.0%
3 Yr Avg Return
3.7%
5 Yr Avg Return
8.1%
Net Assets
$34.7 M
Holdings in Top 10
35.4%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 1.59%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 19.30%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$10,000
IRA
$1,000
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 04/17/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
TANDX - Profile
Distributions
- YTD Total Return -1.4%
- 3 Yr Annualized Total Return 3.7%
- 5 Yr Annualized Total Return 8.1%
- Capital Gain Distribution Frequency N/A
- Net Income Ratio 0.36%
- Dividend Yield 1.0%
- Dividend Distribution Frequency None
Fund Details
-
Legal NameCastle Tandem Fund
-
Fund Family NameCastle Investment Management
-
Inception DateMar 15, 2019
-
Shares OutstandingN/A
-
Share ClassInstl
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerJohn Carew
Fund Description
The Fund seeks to achieve long-term capital appreciation by investing in a focused portfolio of securities. Under normal market conditions, the Fund invests primarily in common stocks of large-capitalization companies. The Fund generally considers a company to be a large-capitalization company if, at the time of purchase, its market capitalization is $15 billion or more. Although the Fund invests primarily in large-capitalization companies it may also invest in small and medium capitalization companies. The Fund may invest in foreign securities, including sponsored American Depositary Receipts (ADRs). ADRs are certificates evidencing ownership of shares of a foreign-based issuer held in trust by a bank or similar financial institution. They are alternatives to the direct purchase of the underlying securities in their national markets and currencies. Also, from time to time, the Fund may invest a significant portion of its assets in a particular sector. This could result in the Fund being overweight certain sectors at various times.
Tandem Investment Advisors, Inc. (the “Sub-Adviser”) searches for companies it believes are capable of having consistent growth in earnings, revenues and cash flow through any economic environment; have consistent dividend growth as a result of earnings, revenue and cash flow growth; have a dominant or competitive advantage; and have consistency in and depth of management.
The Sub-Adviser employs a disciplined system built on a proprietary investment process. The proprietary investment selection process starts by applying quantitative analysis across a universe of approximately 3,000 stocks, resulting in each stock that meets the Sub-Adviser’s basic investment criteria being classified as either a buy, accumulate, hold or sell. The Sub-Adviser’s investment team then reviews the fundamentals of the stocks identified by its quantitative analysis prior to any buy or sell decisions being executed. The Sub-Adviser believes this semi-quantitative investment process differentiates the Fund from other funds that employ strictly quantitative analysis. The Sub-Adviser then uses technical analysis (i.e. monitors the price action of a potential investment) to determine the price to buy or sell specific securities.
The Sub-Adviser may sell or reduce the Fund's position in a security (1) when the fundamentals no longer meet the Sub-Adviser’s requirements, (2) when the Sub-Adviser’s quantitative model ranks the security as overvalued, (3) when the security experiences significant relative price appreciation, or (4) when the security experiences significant relative underperformance versus the performance of the S&P 500 Index.
The Fund will hold the uninvested portion of its assets in cash or cash-equivalents like money market funds, certificates of deposit, investment grade short-term debt obligations, and repurchase agreements, either due to pending investments or when investment opportunities are limited. The amount of cash the Fund will hold or the duration for which it will be held is at the discretion of the Sub-Adviser.
TANDX - Performance
Return Ranking - Trailing
Period | TANDX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | -1.4% | -47.2% | 13.6% | 98.64% |
1 Yr | 4.0% | -38.4% | 43.3% | 98.48% |
3 Yr | 3.7%* | -15.0% | 26.8% | 88.53% |
5 Yr | 8.1%* | -2.7% | 106.3% | 92.72% |
10 Yr | N/A* | 2.2% | 20.5% | N/A |
* Annualized
Return Ranking - Calendar
Period | TANDX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 6.2% | -42.6% | 47.4% | 91.21% |
2022 | -9.2% | -56.3% | -4.2% | 1.36% |
2021 | 13.7% | -27.2% | 53.7% | 64.71% |
2020 | 13.0% | -36.2% | 2181.7% | 39.88% |
2019 | N/A | -22.7% | 40.4% | N/A |
Total Return Ranking - Trailing
Period | TANDX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | -1.4% | -47.2% | 13.6% | 98.64% |
1 Yr | 4.0% | -38.4% | 43.3% | 98.48% |
3 Yr | 3.7%* | -15.0% | 26.8% | 88.53% |
5 Yr | 8.1%* | -2.7% | 106.3% | 92.72% |
10 Yr | N/A* | 2.2% | 20.5% | N/A |
* Annualized
Total Return Ranking - Calendar
Period | TANDX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 8.4% | -5.0% | 47.4% | 97.12% |
2022 | -7.4% | -36.8% | -2.2% | 3.93% |
2021 | 19.1% | 3.0% | 124.3% | 93.32% |
2020 | 13.4% | -15.8% | 2266.0% | 74.26% |
2019 | N/A | -0.4% | 241.3% | N/A |
NAV & Total Return History
TANDX - Holdings
Concentration Analysis
TANDX | Category Low | Category High | TANDX % Rank | |
---|---|---|---|---|
Net Assets | 34.7 M | 2.34 M | 1.55 T | 95.13% |
Number of Holdings | 41 | 1 | 4053 | 88.54% |
Net Assets in Top 10 | 12.3 M | 885 K | 387 B | 95.05% |
Weighting of Top 10 | 35.44% | 0.3% | 112.0% | 40.74% |
Top 10 Holdings
- Cboe Global Markets, Inc. 4.79%
- FactSet Research Systems, Inc. 3.99%
- Visa, Inc. - Class A 3.75%
- Abbott Laboratories 3.71%
- Intercontinental Exchange, Inc. 3.56%
- Comcast Corporation - Class A 3.40%
- First American Treasury Obligations Fund - X Class 3.22%
- United States Treasury 0.00% Due 01/09/2024 3.12%
- Amphenol Corporation - Class A 2.97%
- Accenture PLC - Class A (Ireland) 2.93%
Asset Allocation
Weighting | Return Low | Return High | TANDX % Rank | |
---|---|---|---|---|
Stocks | 89.74% | 0.00% | 124.03% | 96.08% |
Bonds | 7.01% | -0.50% | 93.78% | 1.57% |
Cash | 3.25% | 0.00% | 99.06% | 14.44% |
Preferred Stocks | 0.00% | 0.00% | 2.38% | 32.50% |
Other | 0.00% | -13.91% | 100.00% | 56.75% |
Convertible Bonds | 0.00% | 0.00% | 5.54% | 28.82% |
Stock Sector Breakdown
Weighting | Return Low | Return High | TANDX % Rank | |
---|---|---|---|---|
Financial Services | 29.35% | 0.00% | 55.59% | 1.60% |
Healthcare | 26.21% | 0.00% | 60.70% | 0.88% |
Consumer Defense | 12.88% | 0.00% | 47.71% | 5.11% |
Industrials | 9.82% | 0.00% | 29.90% | 37.70% |
Technology | 9.22% | 0.00% | 48.94% | 95.77% |
Utilities | 6.56% | 0.00% | 20.91% | 3.91% |
Communication Services | 3.52% | 0.00% | 27.94% | 90.97% |
Real Estate | 1.23% | 0.00% | 31.91% | 80.11% |
Basic Materials | 1.21% | 0.00% | 25.70% | 87.62% |
Energy | 0.00% | 0.00% | 41.64% | 89.38% |
Consumer Cyclical | 0.00% | 0.00% | 30.33% | 99.52% |
Stock Geographic Breakdown
Weighting | Return Low | Return High | TANDX % Rank | |
---|---|---|---|---|
US | 89.74% | 0.00% | 124.03% | 90.27% |
Non US | 0.00% | 0.00% | 62.81% | 43.25% |
Bond Sector Breakdown
Weighting | Return Low | Return High | TANDX % Rank | |
---|---|---|---|---|
Cash & Equivalents | 3.22% | 0.00% | 100.00% | 18.47% |
Derivative | 0.00% | -3.07% | 18.04% | 50.24% |
Securitized | 0.00% | 0.00% | 52.16% | 27.80% |
Corporate | 0.00% | 0.00% | 100.00% | 36.02% |
Municipal | 0.00% | 0.00% | 2.10% | 26.89% |
Government | 0.00% | 0.00% | 100.00% | 29.93% |
Bond Geographic Breakdown
Weighting | Return Low | Return High | TANDX % Rank | |
---|---|---|---|---|
US | 7.01% | -0.50% | 93.78% | 1.57% |
Non US | 0.00% | 0.00% | 10.46% | 26.69% |
TANDX - Expenses
Operational Fees
TANDX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 1.59% | 0.01% | 16.07% | 13.51% |
Management Fee | 1.00% | 0.00% | 1.89% | 96.45% |
12b-1 Fee | 0.00% | 0.00% | 1.00% | 6.27% |
Administrative Fee | 0.07% | 0.00% | 0.85% | 41.64% |
Sales Fees
TANDX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | N/A | 1.00% | 5.75% | N/A |
Deferred Load | N/A | 1.00% | 5.00% | N/A |
Trading Fees
TANDX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | N/A | 0.25% | 2.00% | 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.
TANDX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 19.30% | 0.00% | 496.00% | 40.76% |
TANDX - Distributions
Dividend Yield Analysis
TANDX | Category Low | Category High | TANDX % Rank | |
---|---|---|---|---|
Dividend Yield | 0.97% | 0.00% | 25.99% | 38.08% |
Dividend Distribution Analysis
TANDX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | None | Annual | Annual | Annual |
Net Income Ratio Analysis
TANDX | Category Low | Category High | TANDX % Rank | |
---|---|---|---|---|
Net Income Ratio | 0.36% | -54.00% | 6.06% | 69.95% |
Capital Gain Distribution Analysis
TANDX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Annually |
Distributions History
Date | Amount | Type |
---|---|---|
Dec 18, 2023 | $0.727 | OrdinaryDividend |
Dec 14, 2022 | $0.652 | OrdinaryDividend |
Dec 18, 2019 | $0.103 | OrdinaryDividend |
TANDX - Fund Manager Analysis
Managers
John Carew
Start Date
Tenure
Tenure Rank
Mar 15, 2019
3.21
3.2%
John Carew is a shareholder, President, and Portfolio Manager for Tandem Investment Advisors, Inc. After beginning his career in 1985 with Thomson McKinnon Securities, Inc., Mr. Carew founded Tandem in 1990. Under Mr. Carew’s guidance, Tandem’s investment team has been nationally recognized numerous times by leading manager databases for performance and lower volatility. Mr. Carew is a frequent guest speaker on topics including dividend growth strategies, low volatility equity investing, and general market history and overview. Mr. Carew is a past National Board Member and Regional Board Chair for Recording for the Blind & Dyslexic (now Learning Ally), a non-profit organization dedicated to providing access to the written word. Mr. Carew is a graduate of the University of Virginia with a Bachelor of Arts in Economics.
William Little
Start Date
Tenure
Tenure Rank
Mar 15, 2019
3.21
3.2%
Billy Little is a shareholder, Vice President and Portfolio Manager for Tandem Investment Advisors, Inc. Mr. Little began his career in the investment industry in 2004, as a Financial Advisor with Ameriprise Financial in Baltimore, Maryland. Mr. Little joined Tandem in 2006 where he directs Tandem’s quantitative research. He is a regular member of the CFA Institute and past President of the CFA Society South Carolina. Mr. Little graduated from the College of Charleston with a Bachelor of Arts in Business Administration with a concentration in Finance.
Ben Carew
Start Date
Tenure
Tenure Rank
Mar 15, 2019
3.21
3.2%
Ben Carew is a shareholder and Portfolio Manager for Tandem Investment Advisors, Inc. Mr. Carew joined Tandem in 2013. His duties include quantitative and fundamental research and portfolio management. Mr. Carew also oversees Tandem’s internship program. Mr. Carew is a graduate of the College of Charleston’s School of Business, earning a Bachelor of Arts in Economics with a minor in Finance.
Tenure Analysis
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.04 | 39.02 | 7.23 | 2.42 |