LYLD Adds Large Cap Exposure to Cambria’s
Robust Lineup of Shareholder Yield ETFs
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 5th 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.
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