Cambria Tax Aware ETFCambria Tax Aware ETFCambria Tax Aware ETF

Cambria Tax Aware ETF

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Key stats


Assets under management (AUM)
‪25.04 M‬USD
Fund flows (1Y)
‪1.31 M‬USD
Dividend yield (indicated)
0.27%
Discount/Premium to NAV
−0.02%
Shares outstanding
‪1.13 M‬
Expense ratio
0.49%

About Cambria Tax Aware ETF


Issuer
Cambria Investment Management LP
Brand
Cambria
Inception date
Dec 18, 2024
Structure
Open-Ended Fund
Index tracked
No Underlying Index
Replication method
Physical
Management style
Active
Dividend treatment
Distributes
Distribution tax treatment
Qualified dividends
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
Cambria Investment Management LP
Distributor
ALPS Distributors, Inc.
TAX used the IRS code 351 conversion to initially seed the ETF, allowing investors to diversify their exposure without experiencing a capital gain. TAX is an actively managed ETF investing in US stocks with a market capitalization over $5 billion. The fund targets value stocks with lower to no dividend distributions, aiming to enhance after-tax returns. Utilizing a quantitative model, Cambria evaluates stocks using traditional value metrics, such as price-to-sales, price-to-earnings, and enterprise multiples. The fund avoids high dividend stocks to optimize after-tax returns, benefiting investors in higher tax brackets. Eligible stocks must satisfy certain market capitalization, sector concentration, and liquidity criteria, starting with the largest 1,000 US equities. Cambria compiles a portfolio of 50 to 500 stocks showcasing the best blend of low dividend yield and value metrics, with holdings equal-weighted but adaptable to market changes. Stocks may be sold if deemed overvalued or if superior opportunities arise, with portfolio adjustments expected annually.

Classification


Asset Class
Equity
Category
Size and style
Focus
Total market
Niche
Broad-based
Strategy
Active
Geography
U.S.
Weighting scheme
Proprietary
Selection criteria
Proprietary

Returns


1 month3 monthsYear to date1 year3 years5 years
Price performance
NAV total return

What's in the fund


As of April 3, 2025
Exposure type
StocksBonds, Cash & Other
Technology Services
ETF
Stocks64.75%
Technology Services10.33%
Finance8.38%
Retail Trade6.94%
Producer Manufacturing6.59%
Health Technology4.88%
Industrial Services4.64%
Electronic Technology4.34%
Distribution Services2.88%
Consumer Services2.71%
Transportation2.64%
Commercial Services2.44%
Health Services1.79%
Non-Energy Minerals1.24%
Energy Minerals1.16%
Communications1.15%
Consumer Non-Durables1.15%
Process Industries1.14%
Consumer Durables0.27%
Utilities0.08%
Bonds, Cash & Other35.25%
ETF24.49%
Mutual fund9.29%
Corporate1.38%
Cash0.09%
Stock breakdown by region
0.1%99%0.6%0.3%
North America99.01%
Europe0.59%
Asia0.34%
Latin America0.07%
Africa0.00%
Middle East0.00%
Oceania0.00%
Top 10 holdings

Dividends


Dividend payout history

Assets under management (AUM)



Fund Flows