Cambria Foreign Shareholder Yield ETF
Name
As of 11/01/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
6.0%
1 yr return
14.0%
3 Yr Avg Return
3.8%
5 Yr Avg Return
8.0%
Net Assets
$271 M
Holdings in Top 10
14.1%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 0.59%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover N/A
Redemption Fee N/A
Min Investment
Standard (Taxable)
N/A
IRA
N/A
Fund Classification
Fund Type
Exchange Traded Fund
Name
As of 11/01/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
FYLD - Profile
Distributions
- YTD Total Return 6.0%
- 3 Yr Annualized Total Return 3.8%
- 5 Yr Annualized Total Return 8.0%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 3.29%
- Dividend Yield 11.1%
- Dividend Distribution Frequency Quarterly
Fund Details
-
Legal NameCambria Foreign Shareholder Yield ETF
-
Fund Family NameCambria ETF Trust
-
Inception DateDec 02, 2013
-
Shares Outstanding2650010
-
Share ClassN/A
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerMebane Faber
Fund Description
The Fund is actively managed and seeks to achieve its investment objective by investing, under normal market conditions, at least 80% of its total assets in equity securities, including common stock and depositary receipts, issued by publicly listed companies in developed foreign markets excluding the US (“developed ex-US”), that provide high “shareholder yield.” The Fund’s investment adviser, Cambria Investment Management, L.P. (“Cambria” or the “Adviser”), defines “shareholder yield” as the totality of returns realized by an investor from a company’s cash payments for dividends, buybacks and debt paydowns. The Adviser considers an issuer to be in a developed ex-US market if it is domiciled or principally traded in any of the following countries: Australia, Austria, Belgium, Canada, Denmark, Finland, France, Germany, Hong Kong, Italy, Ireland, Israel, Japan, Jersey, Luxembourg, the Netherlands, New Zealand, Norway, Portugal, Singapore, Spain, Sweden, Switzerland, and the United Kingdom. The Adviser will update the list of developed foreign markets annually.
For the purposes of this strategy, Cambria calculates a company’s shareholder yield by considering the following characteristics: (i) dividend payments to shareholders, (ii) return of capital in the form of share buybacks (i.e., a company’s repurchase of its own shares from the marketplace, which, in turn, reduces the number of outstanding shares for continuing shareholders or generates proceeds for existing shareholders), and (iii) paydown of a company’s debt (i.e., reducing a company’s outstanding debt). Cambria believes that, while any one of these measures of a company’s cash flows, in isolation, is inadequate to determine the attractiveness of its equity securities, considered together these measures have the potential to result in the construction of a portfolio of companies with higher potential for income and capital appreciation.
Utilizing its own quantitative model, Cambria selects the top 20% of stocks in the initial universe of developed ex-US, publicly listed companies based on their shareholder yield, as measured by dividend payments and net share buybacks. Cambria’s quantitative algorithm then factors in the remaining stocks’ debt paydowns and applies a number of value metrics to create a composite, including metrics such as, but not limited to, price-to-book (P/B) ratio, price-to-sales (P/S) ratio, price-to-earnings (P/E) ratio, price-to-free cash-flow (P/FCF or P/CF) ratio, and enterprise multiple (EV/EBITDA). Cambria then selects the top 100 stocks for inclusion in the Fund’s portfolio that exhibit, in the aggregate, the best combination of shareholder yield characteristics and value metrics. Although Cambria seeks to weight these stocks equally in the Fund’s portfolio, security weights may fluctuate in response to market conditions and investment opportunities.
Cambria screens the Fund’s portfolio to limit its exposure to any single country outside the United States to 30% of Fund assets. Although the Fund generally expects to invest in companies with larger market capitalizations, the Fund may invest in small- and mid-capitalization companies. As of August 1, 2024, the Fund had significant investment exposure to companies in the energy, financials, materials, and industrials sectors, as well as companies in Japan, Canada, and Europe; however, the Fund’s sector and geographic exposure may change from time to time.
The Fund may sell a security when Cambria believes that the security is overvalued or better investment opportunities are available, to invest in cash and cash equivalents, or to meet redemptions. Cambria expects to adjust the Fund’s holdings periodically to meet the investment criteria and target allocations (e.g., security weights and country-specific limits) established by the Fund’s quantitative algorithm.
FYLD - Performance
Return Ranking - Trailing
Period | FYLD Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 6.0% | -0.8% | 25.4% | 66.67% |
1 Yr | 14.0% | 8.3% | 41.5% | 85.19% |
3 Yr | 3.8%* | -2.2% | 32.9% | 25.49% |
5 Yr | 8.0%* | 3.0% | 21.7% | 32.61% |
10 Yr | 5.7%* | 3.7% | 8.3% | 52.00% |
* Annualized
Return Ranking - Calendar
Period | FYLD Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 6.2% | -5.4% | 35.2% | 92.45% |
2022 | -11.3% | -22.7% | 5.8% | 17.65% |
2021 | 13.2% | -5.7% | 19.7% | 27.45% |
2020 | -0.8% | -10.7% | 30.9% | 73.47% |
2019 | 13.3% | 2.1% | 31.6% | 75.56% |
Total Return Ranking - Trailing
Period | FYLD Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 6.0% | -0.8% | 25.4% | 66.67% |
1 Yr | 14.0% | 8.3% | 41.5% | 85.19% |
3 Yr | 3.8%* | -2.2% | 32.9% | 25.49% |
5 Yr | 8.0%* | 3.0% | 21.7% | 32.61% |
10 Yr | 5.7%* | 3.7% | 8.3% | 52.00% |
* Annualized
Total Return Ranking - Calendar
Period | FYLD Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 13.2% | 3.2% | 40.0% | 83.02% |
2022 | -5.5% | -22.3% | 6.4% | 9.80% |
2021 | 18.6% | 9.0% | 77.0% | 25.49% |
2020 | 4.1% | -10.3% | 37.2% | 67.35% |
2019 | 17.8% | 8.6% | 31.9% | 64.44% |
FYLD - Holdings
Concentration Analysis
FYLD | Category Low | Category High | FYLD % Rank | |
---|---|---|---|---|
Net Assets | 271 M | 6.93 M | 10.9 B | 64.81% |
Number of Holdings | 100 | 10 | 5116 | 51.85% |
Net Assets in Top 10 | 46 M | 563 K | 3.19 B | 64.81% |
Weighting of Top 10 | 14.06% | 2.8% | 101.5% | 64.81% |
Top 10 Holdings
- Sompo Holdings Inc 1.64%
- Tamron Co Ltd 1.60%
- Hoegh Autoliners ASA 1.58%
- Dai-ichi Life Holdings Inc 1.56%
- Secure Energy Services Inc 1.41%
- Rio Tinto PLC 1.28%
- BP PLC 1.27%
- AXA SA 1.27%
- Holcim AG 1.24%
- NN Group NV 1.22%
Asset Allocation
Weighting | Return Low | Return High | FYLD % Rank | |
---|---|---|---|---|
Stocks | 98.94% | 83.96% | 101.35% | 37.04% |
Cash | 1.06% | 0.00% | 17.33% | 72.22% |
Preferred Stocks | 0.00% | 0.00% | 4.35% | 66.67% |
Other | 0.00% | 0.00% | 4.21% | 53.70% |
Convertible Bonds | 0.00% | 0.00% | 0.41% | 25.00% |
Bonds | 0.00% | 0.00% | 11.41% | 24.07% |
FYLD - Expenses
Operational Fees
FYLD Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 0.59% | 0.34% | 4.26% | 79.63% |
Management Fee | 0.59% | 0.30% | 1.05% | 25.93% |
12b-1 Fee | 0.00% | 0.00% | 0.75% | 20.00% |
Administrative Fee | N/A | 0.01% | 0.15% | N/A |
Sales Fees
FYLD Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | N/A | 5.75% | 5.75% | N/A |
Deferred Load | N/A | 1.00% | 1.00% | N/A |
Trading Fees
FYLD Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | N/A | N/A | N/A | N/A |
Related Fees
Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.
FYLD Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | N/A | 2.00% | 119.00% | 61.82% |
FYLD - Distributions
Dividend Yield Analysis
FYLD | Category Low | Category High | FYLD % Rank | |
---|---|---|---|---|
Dividend Yield | 11.13% | 0.00% | 8.78% | 14.81% |
Dividend Distribution Analysis
FYLD | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Quarterly | Annual | Quarterly | Annual |
Net Income Ratio Analysis
FYLD | Category Low | Category High | FYLD % Rank | |
---|---|---|---|---|
Net Income Ratio | 3.29% | -0.10% | 4.33% | 5.77% |
Capital Gain Distribution Analysis
FYLD | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Distributions History
Date | Amount | Type |
---|---|---|
Jun 21, 2024 | $0.743 | OrdinaryDividend |
Mar 21, 2024 | $0.218 | OrdinaryDividend |
Dec 14, 2023 | $0.211 | OrdinaryDividend |
Sep 21, 2023 | $0.304 | OrdinaryDividend |
Jun 22, 2023 | $0.751 | OrdinaryDividend |
Mar 23, 2023 | $0.296 | OrdinaryDividend |
Dec 22, 2022 | $0.119 | OrdinaryDividend |
Sep 22, 2022 | $0.516 | OrdinaryDividend |
Jun 23, 2022 | $0.587 | OrdinaryDividend |
Mar 24, 2022 | $0.266 | OrdinaryDividend |
Dec 22, 2021 | $0.143 | OrdinaryDividend |
Sep 23, 2021 | $0.381 | OrdinaryDividend |
Jun 24, 2021 | $0.639 | OrdinaryDividend |
Mar 25, 2021 | $0.133 | OrdinaryDividend |
Dec 23, 2020 | $0.273 | OrdinaryDividend |
Sep 24, 2020 | $0.175 | OrdinaryDividend |
Jun 25, 2020 | $0.236 | OrdinaryDividend |
Mar 26, 2020 | $0.267 | OrdinaryDividend |
Dec 26, 2019 | $0.183 | OrdinaryDividend |
Sep 26, 2019 | $0.210 | OrdinaryDividend |
Jun 27, 2019 | $0.340 | OrdinaryDividend |
Mar 28, 2019 | $0.176 | OrdinaryDividend |
Dec 26, 2018 | $0.486 | OrdinaryDividend |
Sep 26, 2018 | $0.174 | OrdinaryDividend |
Jun 27, 2018 | $0.451 | OrdinaryDividend |
Dec 27, 2017 | $0.171 | OrdinaryDividend |
Sep 26, 2017 | $0.127 | OrdinaryDividend |
Jun 27, 2017 | $0.454 | OrdinaryDividend |
Sep 26, 2016 | $0.076 | OrdinaryDividend |
Jun 27, 2016 | $0.493 | OrdinaryDividend |
Sep 25, 2015 | $0.209 | OrdinaryDividend |
Jun 25, 2015 | $0.589 | OrdinaryDividend |
Dec 29, 2014 | $0.282 | OrdinaryDividend |
Dec 29, 2014 | $0.287 | CapitalGainShortTerm |
Sep 26, 2014 | $0.145 | OrdinaryDividend |
Jun 26, 2014 | $0.346 | OrdinaryDividend |
Mar 27, 2014 | $0.089 | OrdinaryDividend |
Dec 27, 2013 | $0.017 | OrdinaryDividend |
FYLD - Fund Manager Analysis
Managers
Mebane Faber
Start Date
Tenure
Tenure Rank
Dec 02, 2013
8.5
8.5%
Mr. Faber is a co-founder and the Chief Investment Officer of Cambria Investment Management. Faber is a manager of Cambria's ETFs, separate accounts and private investment funds for accredited investors. Mr. Faber has authored numerous white papers and three books: Shareholder Yield, The Ivy Portfolio, and Global Value. He is a frequent speaker and writer on investment strategies and has been featured in Barron's, The New York Times, and The New Yorker. Mr. Faber graduated from the University of Virginia with a double major in Engineering Science and Biology.
Tenure Analysis
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.06 | 26.6 | 7.22 | 10.34 |