Cambria ETF Trust Launches Cambria Core Equity ETF (CCOR)
25 May 2017 - 12:24AM
Business Wire
The Cambria ETF Trust and its investment manager, Cambria
Investment Management, LP, today launched the Cambria Core Equity
ETF (NYSE Arca:CCOR), which actively manages a diversified
portfolio of equities and options. CCOR is listed on the NYSE Arca
exchange and utilizes a combination of several strategies to
produce capital appreciation while reducing risk exposure across
market conditions.
Under normal market conditions, at least 80% of the value of the
Fund’s net assets will be invested in equity securities. CCOR’s
underlying holdings include high-quality companies across all
industries and sectors that have prospects for long-term total
returns as a result of their ability to grow earnings and their
willingness to increase dividends over time.
CCOR also sells exchange traded index put and call options to
reduce volatility and increase return. In addition, CCOR buys index
put options, which can protect investors from a significant market
decline that may occur over a short period of time. CCOR also uses
proprietary models and analysis of historical portfolio profit and
loss information to identify favorable option trading
opportunities, including favorable call and put option spreads.
David Pursell, the fund’s Senior Portfolio manager, said: "CCOR
was developed to be a core holding for all types of investors, as
the strategy seeks to combine the long-term compounding benefits of
stocks with the goal of improving risk management to minimize
portfolio drawdowns.”
“The Cambria Core Equity ETF fits in well with the growing
lineup of innovative ETF solutions for various types of investors,
both individual and institutional, that Cambria has already
launched,” added Meb Faber, Cambria’s Chief Investment Officer.
CCOR is the 11th fund to be launched on the Cambria ETF Trust.
ABOUT CAMBRIA INVESTMENT MANAGEMENT, LP
Cambria Investment Management, LP, based in Los Angeles,
California, is a SEC registered investment management firm
employing a disciplined multi-asset, global quantitative research
process. Cambria provides investment management services to high
net worth individuals and institutions through separately managed
accounts, private funds, and public exchange-traded funds. Cambria
is also the investment manager of ten other ETFs, including the
Cambria Shareholder Yield ETF (NYSE:SYLD), the Cambria Foreign
Shareholder Yield ETF (NYSE:FYLD), the Cambria Emerging Shareholder
Yield ETF (NYSE:EYLD), and the Cambria Global Value ETF
(NYSE:GVAL). Global diversification through asset allocation,
coupled with prudent risk management, is the foundation of
Cambria’s investment philosophy. For more information, please visit
www.cambriainvestments.com and www.cambriafunds.com. Meb Faber can
be followed @MebFaber.
DISCLOSURE
Carefully consider the Funds’ investment objectives, risk
factors, charges and expenses before investing. This and additional
information can be found in the Funds’ summary and full
prospectuses, which may be obtained by calling 1-855-ETF-INFO, or
by visiting www.cambriafunds.com. Read the prospectus
carefully before investing.
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 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.
There is no guarantee dividends will be paid. Diversification
may not protect against market loss. An option premium is the
dollar price per share that an option holder pays the option writer
for the option privileges.
The Fund is actively managed.
Derivatives are financial instruments that derive their
performance from an underlying reference asset, such as an index.
Derivatives, such as put options, are often more volatile than
other investments and may magnify the Fund’s gains or losses. A
small investment in a derivative can have a large impact on the
performance of the Fund as derivatives can result in losses in
excess of the amount invested. Options used by the Fund to offset
its exposure to tail risk or reduce volatility may not perform as
intended. There can be no assurance that the Fund's put option
strategy will be effective. The put option strategy may not fully
protect the Fund against declines in the value of its portfolio
securities.
Cambria Investment Management, LP serves as an advisor to the
Cambria ETF Trust. The Funds are distributed by SEI Investments
Distribution Co., which is not affiliated with Cambria Investment
Management, LP or any of its affiliates.
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VestedSeres Lu,
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