ETF Evaluator:
CG Flagship Equity ETF (CGFS)
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Best Performing in Large Blend Over the Last Year
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ETF Details
CG Flagship Equity ETF Overview
CG Flagship Equity ETF (CGFS) is an actively managed U.S. Equity Large Blend exchange-traded fund (ETF). Empowered Funds, LLC launched the ETF in 2026.
The investment seeks to achieve long-term capital appreciation.
Under normal circumstances, the fund will invest at least 80% of its net assets plus the amount of any borrowings for investment purposes in equity securities, which primarily include common stock, depositary receipts and ETFs that principally provide exposure to equity securities. It is non-diversified.
About CG Flagship Equity ETF (CGFS)
There are 1 members of the management team with an average tenure of 0.04 years: Oliver Gooden (2026). Management tenure is more important for actively managed ETFs than passive index ETFs.
CG Flagship Equity ETF has 363 securities in its portfolio. The top 10 holdings constitute 53.9% of the ETF’s assets. The ETF meets the SEC requirement of being classified as a nondiversified fund. The ETF is not considered to have an ESG focus with its investment selection and management.
CG Flagship Equity ETF is part of the Equity global asset class and is within the U.S. Equity ETF group. CG Flagship Equity ETF has 2.9% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 97.0% There is 2.9% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). CG Flagship Equity ETF has 0.1% of the portfolio in cash.
Assets Under Management
The fund has $110 million in total assets, which is below the $13 billion average for the Large Blend category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
CGFS Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The CG Flagship Equity ETF expense ratio is above average compared to funds in the Large Blend category. CG Flagship Equity ETF has an expense ratio of 0.63%, which is 51% higher than its category average, making the fund expense ratio grade a D. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. CG Flagship Equity ETF has a portfolio turnover rate of 0%, which indicates that it holds its assets around /years. By way of comparison, the average portfolio turnover is 152% for the Large Blend category.
Recently, in the month of September 2026, CG Flagship Equity ETF returned 0.0%, which earned it a grade of NA, as the Large Blend category had an average return of -1.2%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all ETFs in that category.
CG Flagship Equity ETF has a trailing yield of 0.00%, which is below the 1.39% category average.
The fund normally distributes its income annually and its capital gains annually.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
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CGFS Trailing NAV Total Returns Data as of 9/30/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| CGFS Return (NAV) | na | na | na | na | na | na |
| CGFS Return (Price) | na | na | na | na | na | na |
| NAV +/- Price Return | na | na | na | na | na | na |
| Large Blend Avg | -1.2% | 0.5% | 12.9% | 20.4% | 11.9% | 13.8% |
| CGFS Grade (NAV) | na | na | na | na | na | na |
| +/- Category (NAV) | na | na | na | na | na | na |
| CGFS Tax-Cost Ratio | na | na | na | na | na | na |
CGFS Annual NAV Total ReturnsData as of 9/30/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| CGFS Return (NAV) | na | na | na | na | na | na | na | na | na | na | na |
| CGFS Return (Price) | na | na | na | na | na | na | na | na | na | na | na |
| NAV +/- Price Ret | na | na | na | na | na | na | na | na | na | na | na |
| Large Blend Avg | 10.9% | 15.4% | 22.0% | 22.9% | -17.0% | 26.8% | 18.3% | 29.7% | -5.2% | 21.6% | 11.5% |
| CGFS Grade (NAV) | na | na | na | na | na | na | na | na | na | na | na |
| +/- Category | na | na | na | na | na | na | na | na | na | na | na |
| Risk Measures | |
| Beta: | na |
| R-Squared: | na |
| Standard Deviation: | na |
| Category Risk Index: | na |
| Category Risk Rating: | |
| Total Risk Index: | na |
| Total Risk Rating: | |
| Portfolio Characteristics | |
| Yield: | -- |
| Total Assets: | $ 111 Mil |
| Share Class Assets: | $ 111 Mil |
| Turnover: | na |
| Expense Ratio: | 0.63% |
| Index Fund: | No |
| Index Tracked: | N/A |
| Index Weighting: | 100% |
| Leveraged: | No |
| Socially Responsible Fund: | No |
| Capital Gains Distribution Frequency: | Annually |
| Income Distribution Frequency: | Annually |
Management Team
| Number of Managers: 1 | |||
| Longest Tenure: 0.0 years | |||
| Average Tenure: 0.0 years | |||
| Managers (Year): Gooden Oliver (2026) | |||
Portfolio Composition (as of 9/30/26)
| # of Holdings: | 363 |
| % in Top 10 Holdings: | 53.9% |
| Fund is Non-Diversified: | Yes |
| % in Foreign Issues: | 2.9% |
Portfolio Allocation |
|
| Domestic Stock: | 97.0% |
| Foreign Stock: | 2.9% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 0.1% |
| Cash: | 0.1% |
Purchase Information
| Legal Structure: | Open Ended Investment Company |
| Fund Family: | Empowered Funds, LLC |
| Phone Number: | 215-330-4476 |
| Website: | www.valueshares.com |
| Inception Date: | September 16, 2026 |
Expenses and Fees
| Expense Ratio (%): | 0.63% (Rating: Above Avg) |
| Category Average Expense Ratio (%): | 0.42% |
