Cambria Launches Cambria Large Cap Shareholder Yield ETF

Rhea-AI Summary

Cambria Investment Management has introduced the Cambria Large Cap Shareholder Yield ETF (LYLD). This ETF targets large-cap U.S. stocks, focusing on companies with market capitalizations of at least $10 billion. LYLD follows a quantitative methodology, ranking stocks by dividend yield, net share buybacks, and net debt paydown, alongside value and quality factors. This marks Cambria's fifth ETF in its shareholder yield series, joining SYLD, FYLD, EYLD, and MYLD. Cambria's first shareholder yield ETF, SYLD, has achieved notable performance rankings in Morningstar's Mid-Cap Value Category. The new LYLD ETF offers a unique value proposition by providing large-cap exposure with an emphasis on shareholder yield.

Positive

• Launch of LYLD, expanding Cambria's ETF offerings.
• Focus on large-cap stocks with market caps over $10 billion.
• Systematic, quantitative methodology applied.
• LYLD ranks stocks by dividends, buybacks, and debt paydown.
• Notable performance rankings of SYLD in Morningstar's Mid-Cap Value Category.

Negative

• None.

LYLD Adds Large Cap Exposure to Cambria’s Robust Lineup of Shareholder Yield ETFs

MANHATTAN BEACH, Calif.--(BUSINESS WIRE)-- Cambria Investment Management, an independent, privately owned investment advisory firm and ETF provider focused on quantitative asset management and alternative investments, today announced the launch the Cambria Large Cap Shareholder Yield ETF (LYLD).

“The Cambria Large Cap Shareholder Yield ETF invests in large cap U.S. stocks, applying the same systematic, quantitative methodology as the rest of Cambria’s shareholder yield lineup,” said Meb Faber, co-founder and CIO of Cambria. “LYLD ranks stocks by dividend yield, net share buybacks, and net debt paydown, along with value and quality factors. Its direct large cap exposure with an emphasis on shareholder yield offers a unique value proposition to investors looking for both yield and value exposure.”

LYLD’s universe consists of U.S.-based companies with a market capitalization of at least $10 billion. The ETF systematically invests in high-cash distribution companies that are returning cash to investors through three attributes - dividends, buybacks, and debt paydown - collectively known as shareholder yield. The fund’s process also incorporates valuation and quality metrics.

Cambria Large Cap Shareholder Yield ETF (LYLD) is the 5^th ETF in Cambria’s shareholder yield suite, joining Cambria Shareholder Yield ETF (SYLD), Cambria Foreign Shareholder Yield ETF (FYLD), Cambria Emerging Shareholder Yield ETF (EYLD), and Cambria Micro and Small Cap Shareholder Yield ETF (MYLD).

“LYLD is an ETF that we feel offers a lot of value to investors by bringing Cambria’s unique, systematic shareholder yield methodology to the large cap space,” added Faber. “This ETF caters to a range of investor needs: those seeking a differentiated approach to large-cap US equities, those prioritizing a holistic yield strategy, and those aiming to avoid the priciest segments of the broad market. For investors seeking all three, this single, cost-effective ETF provides a comprehensive solution.”

Cambria Shareholder Yield ETF (SYLD), Cambria’s first shareholder yield ETF, was ranked by Morningstar as #1 out of 318 funds on an absolute, total return basis in Morningstar’s Mid-Cap Value Category over the time period since its inception (5/14/2013) as of 6/30/2024.

For performance over other time periods in that timeframe, please see below:

• SYLD ranked #1 out of 342 funds in the Morningstar Mid-Cap Value Category on an absolute, total return basis over the 10-year period as of 6/30/2024.
• SYLD ranked #1 out of 380 funds in the Morningstar Mid-Cap Value Category on an absolute, total return basis over the 5-year period as of 6/30/2024.
• SYLD ranked #217 out of 386 funds in the Morningstar Mid-Cap Value Category on an absolute, total return basis over the 3-year period as of 6/30/2024.
• SYLD ranked #103 out of 395 funds in the Morningstar Mid-Cap Value Category on an absolute, total return basis over the 1-year period as of 6/30/2024.

In addition to Cambria’s family of ETFs, Faber also puts out a range of content for investors, including a popular investment podcast, The Meb Faber Show, along with white papers and books on investing.

About Cambria

Cambria Investment Management, LP ("Cambria" or the "Company") is a SEC registered investment advisor that was formed in 2006. Cambria is an independent, privately owned investment advisory firm focused on quantitative asset management and alternative investments. The Company's mission is to preserve and grow capital by producing above-average absolute returns with low correlation to traditional assets and manageable risk. Cambria investment portfolios and ETFs cover equity-focused strategies, global asset allocation, tail risk, hedged equity, and thematic strategies. The firm manages 16 different ETFs and had over $2.5 billion in assets under management as of 6/30/2024: Cambria Shareholder Yield ETF (SYLD), Cambria Foreign Shareholder Yield ETF (FYLD), Cambria Global Value ETF (GVAL), Cambria Global Momentum ETF (GMOM), Cambria Global Asset Allocation ETF (GAA), Cambria Emerging Shareholder Yield ETF (EYLD), Cambria Value and Momentum ETF (VAMO), Cambria Global Tail Risk ETF (FAIL), Cambria Tail Risk ETF (TAIL), Cambria Trinity ETF (TRTY), Cambria Cannabis ETF (TOKE), Cambria Global Real Estate ETF (BLDG), Cambria Micro and Small Cap Shareholder Yield ETF (MYLD), Cambria Tactical Yield ETF (TYLD), Cambria Chesapeake Pure Trend ETF (MFUT), and Cambria Large Cap Shareholder Yield ETF (LYLD).

To determine if this Fund is an appropriate investment for you, carefully consider the Fund's investment objectives, risk factors, charges and expense before investing. This and other information can be found in the Fund's full or summary prospectus which may be obtained by calling 855-383-4636 (ETF INFO) or visiting our website at www.cambriafunds.com. Read the prospectus carefully before investing or sending money.

The Cambria ETFs are distributed by ALPS Distributors Inc., 1290 Broadway, Suite 1000, Denver, CO 80203, which is not affiliated with Cambria Investment Management, LP, the Investment Adviser for the Fund.

SYLD, FYLD, EYLD, MYLD, TYLD, LYLD, TAIL, FAIL, VAMO, GMOM, TRTY, GAA, BLDG, TOKE and GVAL are distributed by ALPS Distributors, Inc., 1290 Broadway, Suite 1000, Denver, CO 80203. MFUT is distributed by Foreside Fund Services, LLC. ALPS, Foreside, and Cambria are not related.

There is no guarantee that the Fund will achieve its investment goal. Investing involves risk, including the possible loss of principal. High yielding stocks are often speculative, high risk investments. The underlying holdings of the fund may be leveraged, which will expose the holdings to higher volatility and may accelerate the impact of any losses. These companies can be paying out more than they can support and may reduce their dividends or stop paying dividends at any time, which could have a material adverse effect on the stock price of these companies and the Fund’s performance. International investing may involve risk of capital loss from unfavorable fluctuations in currency values, from differences in generally accepted accounting principles, or from economic or political instability in other nations. Emerging markets involve heightened risks related to the same factors as well as increased volatility and lower trading volume. Investments in smaller companies typically exhibit higher volatility. Narrowly focused funds typically exhibit higher volatility.

The Fund is managed using proprietary investment strategies and processes. There can be no guarantee that these strategies and processes will produce the intended results and no guarantee that the Fund will achieve its investment objective. This could result in the Fund’s underperformance compared to other funds with similar investment objectives.

There is no guarantee dividends will be paid. Diversification may not protect against market loss.

There are special risks associated with margin investing. As with stocks, you may be called upon to deposit additional cash or securities if your account equity declines.

© 2024 Morningstar, Inc. All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240712818079/en/

Tyler Bradford

Hewes Communications

Office: 212-207-9454

tyler@hewescomm.com

Source: Cambria Investment Management

FAQ

What is the Cambria Large Cap Shareholder Yield ETF (LYLD)?

The Cambria Large Cap Shareholder Yield ETF (LYLD) focuses on large-cap U.S. stocks, targeting companies with market capitalizations over $10 billion and emphasizing shareholder yield through dividends, buybacks, and debt paydown.

When was the Cambria Large Cap Shareholder Yield ETF (LYLD) launched?

The Cambria Large Cap Shareholder Yield ETF (LYLD) was announced in a press release on October 6, 2024.

What methodology does LYLD use?

LYLD uses a systematic, quantitative methodology to rank stocks based on dividend yield, net share buybacks, net debt paydown, value, and quality factors.

What is the market focus of LYLD?

LYLD focuses on U.S.-based large-cap companies with market capitalizations of at least $10 billion.

How does LYLD differ from other ETFs in Cambria's lineup?

LYLD extends Cambria's shareholder yield approach to large-cap stocks, offering a unique value proposition and direct large-cap exposure, differing from other ETFs in Cambria's lineup which target varying market caps and regions.

How has Cambria's first shareholder yield ETF, SYLD, performed?

SYLD has achieved top rankings in Morningstar's Mid-Cap Value Category on an absolute, total return basis over 1-year, 3-year, 5-year, and 10-year periods.