TAX – Cambria Tax Aware ETF – ETF Investment Strategy | Morningstar

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Strategy

The investment seeks to provide a tax-efficient investment return consisting of capital appreciation. The fund is an actively managed exchanged-traded fund (“ETF”) that invests in U.S.-listed equity securities that have a market capitalization of greater than $5 billion. Utilizing its own quantitative model, the fund’s investment sub-adviser, Cambria Investment Management, L.P. (“Cambria” or the “Sub-Adviser”) selects value stocks with lower dividend distributions, which are generally taxed as ordinary income.

Ticker	Name	Share Class Type	Investment Status	Morningstar Rating for Funds Overall	Medalist Rating Overall	Inception Date	Total Net Assets for Share Class	Adjusted Expense Ratio	Fee Level Distribution	Minimum Initial Investment	1-Year Net Flow
TAX	Cambria Tax Aware ETF	ETF	Open	—		Dec 17, 2024	$25.11M	0.540%	—	—	−$7.38M

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