Value-Focused Combination of Dividend Yield and
Share Buybacks Remains Unique in Industry
Cambria Investment Management, an independent, privately owned
investment advisory firm and ETF provider focused on quantitative
asset management and alternative investments, today announced
Cambria Shareholder Yield ETF (SYLD) has reached its ten year
anniversary.
"Back in 2013, Cambria’s team came up with a different way to
look at yield and value,” said Meb Faber, co-founder and CIO of
Cambria. “SYLD ranks dividend yield along with net shareholder
buybacks in concert with value and quality factors. Along with its
sister ETFs, Cambria Foreign Shareholder Yield ETF (FYLD) and
Cambria Emerging Shareholder Yield ETF (EYLD), SYLD has
demonstrated the long-term potential to provide differentiated
value exposure along with steady yield.”
As for performance, and how the fund stacked up relative to its
peers, SYLD was the #1 ranked fund on an absolute, total return
basis in Morningstar’s Mid-Cap Value Category over the past 10-year
period as of 5/31/2023.
The Cambria Shareholder Yield ETF ranked #1
out of 267 funds in the Morningstar Mid-Cap Value Category on an
absolute, total return basis over the 10-year period as of
5/31/2023. The Cambria Shareholder Yield ETF ranked #2 out of 361
funds in the Morningstar Mid-Cap Value Category on an absolute,
total return basis over the 5-year period as of 5/31/2023. The
Cambria Shareholder Yield ETF ranked #5 out of 381 funds in the
Morningstar Mid-Cap Value Category on an absolute, total return
basis over the 3-year period as of 5/31/2023.
SYLD also received a 5-star overall Morningstar rating as of
5/31/2023 out of 381 funds in the Mid-Cap Value Category based on
risk-adjusted returns.
SYLD received a 5-star Overall Morningstar
rating as of 5/31/23 out of 381 funds in the Mid-Cap Value Category
based on risk-adjusted returns. For the 3-year period, SYLD
received a 5-star rating out of 381 funds. For the 5-year period,
SYLD received a 4-star rating out of 361 funds, and for the 10 year
period, SYLD received a 5-star rating out of 267 funds, as of
5/31/23.
“At Cambria, we are focused on ETFs that add value over the long
term,” added Faber. “It’s exciting to see our very first ETF, SYLD,
reach its 10-year number. We look forward to continued growth and
performance.”
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 span conservative low volatility to aggressive
high volatility market products. The firm manages 12 different ETFs
with roughly $1.8 billion in assets under management as of
5/31/2023: 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), and Cambria Global Real Estate ETF (BLDG).
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.
On June 1, 2020 the Cambria Shareholder Yield ETF, changed its
investment objective and investment strategy. The fund also changed
from being passively managed to actively managed on that date.
ETFs are subject to commission costs each time a “buy” or “sell”
is executed. Depending on the amount of trading activity, the low
costs of ETFs may be outweighed by commissions and related trading
costs.
Shares are bought and sold at market price (closing price) not
net asset value (NAV) are not individually redeemed from the Fund.
Market price returns are based on the midpoint of the bid/ask
spread at 4:00 pm Eastern Time (when NAV is normally determined),
and do not represent the return you would receive if you traded at
other times. Buying and selling shares will result in brokerage
commissions. Brokerage commissions will reduce returns.
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.
Indicative value (iNAV) is a measure of the intraday net asset
value (NAV) of an investment. It is reported approximately every 15
seconds and gives investors a measure of the value of the
investment throughout the day.
© 2023 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.
The Morningstar Rating for funds, or “star rating”, is
calculated for managed products (including mutual funds, variable
annuity and variable life subaccounts, exchange-traded funds,
closed end funds, and separate accounts) with at least a three-year
history. Exchange –traded funds and open ended mutual funds are
considered a single population for comparative purposes. It is
calculated based on a Morningstar Risk-Adjusted Return measure that
accounts for variation in a managed product’s monthly excess
performance, placing more emphasis on downward variations and
rewarding consistent performance. The top 10% of products in each
product category receive 5 stars, the next 22.5% receive 4 stars,
the next 35% receive 3 stars the next 22.5% receive 2 stars, and
the bottom 10% receive 1 star. The Overall Morningstar Rating for a
managed product is derived from a weighted average of the
performance figures associated with its three-,five-,and 10 year
(if applicable) Morningstar Rating metrics. The weights are 100%
three-year rating for 36-59 months of total returns, 60% five year
rating/40%three-year rating for 60-119 months of total returns, and
50% 10 year rating/30%five-year rating/20%three year rating for 120
or more months of total returns. While the 10 year overall rating
formula seems to give the most weight to the 10 year period, the
most recent three –year period actually has the greatest impact
because it is included in all three rating periods.
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Tyler Bradford Hewes Communications Office: 212-207-9454
tyler@hewescomm.com
Cambria Shareholder Yield (AMEX:SYLD)
過去 株価チャート
から 11 2024 まで 12 2024
Cambria Shareholder Yield (AMEX:SYLD)
過去 株価チャート
から 12 2023 まで 12 2024
