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Cambria Investment Management and ETF Architect have launched the Cambria Tax Aware ETF (TAX) on NASDAQ with an initial $27 million in assets. The ETF focuses on U.S. stocks with value and quality characteristics and low or no dividend yields, aiming to generate capital appreciation while minimizing taxable distributions. The fund was seeded through exchanges of separate account holdings from individual investors and advisors.
The ETF leverages technology to address traditional tax-loss harvesting challenges, joining Cambria's ETF lineup which manages over $2.7 billion. The companies plan to launch additional tax-optimized ETFs accessible to all investors.
Cambria Investment Management has partnered with ETF Architect to launch the Cambria Tax Aware ETF (TAX), an innovative solution for tax-efficient investing. TAX allows individual investors to seed the ETF with their separate account investments, exchanging existing holdings for the new ETF. This approach aims to address challenges associated with traditional tax-loss harvesting strategies.
The ETF will focus on U.S. stocks with value and quality characteristics and low or no dividend yields, aiming to generate capital appreciation without distributing high dividend income or taxable gains. TAX is expected to launch on NASDAQ in December, joining Cambria's ETF lineup, which currently manages over $2.7 billion in assets. Cambria plans to follow TAX with a series of ETFs open to all investors and seeded with individual separate account contributions.
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