CASTX — Castle Focus Fund
Data updated: 2024-02-23
CASTX — Castle Focus Fund. United States Mid Cap Value Equity · $20.09M AUM · 2.35% expense ratio. Holdings, fees, performance and SEC filings.
CASTX Fund Overview
CASTX — Castle Focus Fund is a US mutual fund managed by Pfs Funds, categorised as United States Mid Cap Value Equity. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US mutual fund
- Manager: Pfs Funds
- Category: United States Mid Cap Value Equity
- Assets under management: $20.09M
- 1-year return: 3.2%
- Ticker: CASTX
- SEC CIK: 0001103243
- SEC series ID: S000029372
- Share class ID: C000090234
CASTX Investment Objective and Strategy
Castle Focus Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Pfs Funds.
Investment objective
The Castle Focus Fund seeks long-term capital appreciation.
Principal investment strategy
"Under normal market conditions, the Fund invests primarily in common stocks of domestic companies and American Depositary Receipts (ADRs) of foreign companies of any size without regard to market capitalization that the Sub-Adviser believes possess a strong competitive position in their peer group and have undervalued assets or growth potential that is not yet reflected in stock price. The Fund may also invest in exchange traded funds (ETFs). The Fund will normally hold a core position of between 15 and 30 common stocks. The Sub-Adviser's investment selection process generally begins with data from the Value Line Index (an equal-weighted stock index containing approximately 1,700 companies). As part of its investment selection process, the Sub-Adviser may evaluate companies using a value-oriented analysis which examines, among other things, cash flow, price-to-earnings ratios and price-to-book ratios.
The Sub-Adviser may also examine a company's financial statements and visit with various levels of a company's management as well as customers and (as relevant) competition. The Sub-Adviser may sell or reduce the Fund's position in a security if it believes there is a significant change in long-term financial prospects. The Fund is a ""non-diversified"" fund, which means it can invest in fewer securities at any one time than a diversified fund. From time to time the Fund may invest a significant portion of its assets in a limited number of industry sectors, but will not concentrate in any particular industry. Also, the Fund may hold for extended periods of time all or a portion of its assets in cash or cash-equivalents like money market funds, certificates of deposit, short-term debt obligations, and repurchase agreements, either due to pending investments or when investment opportunities are limited."
CASTX Holdings
Top 10 holdings of Castle Focus Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| Berkshire Hathaway Inc. | 10.30% |
| Goldman Sachs ETF Trust | 9.93% |
| Agnico Eagle Mines Limited | 7.85% |
| Loews Corporation | 6.49% |
| DuPont de Nemours, Inc. | 5.55% |
| Enbridge Inc. | 5.29% |
| Medtronic PLC | 4.92% |
| Unilever PLC | 4.83% |
| Merck & Co., Inc. | 4.75% |
| Invesco Treasury Portfolio | 4.50% |
CASTX Portfolio Allocation
Asset-class allocation of Castle Focus Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Equity | 95.5% |
| Cash & Equivalents | 4.5% |
CASTX Performance
Total returns for CASTX (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| 1 year | 3.2% |
| 3 years (annualised) | 3.9% |
CASTX Risk Information
Risk metrics for CASTX, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 11.3%
CASTX Costs and Fees
CASTX costs about $235 per $10,000 invested per year in fund expenses.
- Net expense ratio: 2.35%
- Gross expense ratio: 2.59%
- Portfolio turnover: 27%
- Brokerage commissions: 0.39 bps of average net assets (SEC N-CEN)
CASTX Cashflows
Over the 12 months to 2023-12, Castle Focus Fund had net outflows of $11.39M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2023-12 | $2.35M |
| 2023-11 | −$251.59K |
| 2023-10 | −$72.22K |
| 2023-09 | −$262.69K |
| 2023-08 | −$1.78M |
| 2023-07 | −$1.11M |
CASTX Debt Constituents
No individual debt constituents are reported in Castle Focus Fund's latest SEC N-PORT filing.
CASTX Prospectus and SEC Filings
Official Castle Focus Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2023-10-27
- Prospectus (485BPOS) — filed 2022-10-27
- Prospectus (485BPOS) — filed 2021-10-27
- Portfolio holdings (N-PORT) — filed 2024-02-23
- Portfolio holdings (N-PORT) — filed 2023-11-22
- Portfolio holdings (N-PORT) — filed 2023-08-15
- Annual census (N-CEN) — filed 2023-09-08
- Annual census (N-CEN) — filed 2022-09-09
Related Funds
Other United States Mid Cap Value Equity funds tracked on ABC INVEST:
Data Sources
ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.