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CPTL ETF Targets Capital 'Throughput' Over Simple Returns
Capital Link Active ETF measures capital deployment efficiency across 100 stocks, targeting companies with 15%+ ROIC and disciplined reinvestment. The fund charges 0.49%.
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A new exchange-traded fund is trying to shift how investors measure corporate performance. The Capital Link Active ETF (CPTL) focuses on capital deployment efficiency, not just earnings or revenue growth.
The fund tracks companies that generate high returns on invested capital and reinvest effectively. The approach measures what the issuer calls capital "throughput" – the speed and quality of capital moving through a business – rather than just the output of that capital in a single quarter.
CPTL holds about 100 stocks. The portfolio skews toward sectors where capital allocation matters most: technology, industrials, and financials. The fund charges 0.49% in expenses.