VAMO Cambria Value and Momentum ETF

Cambria ETF Trust

All Funds

Supplement dated April 1, 2020

to each currently effective Statutory Prospectus (“Prospectus”),
as each may be amended or supplemented

The following information supplements and should be read in conjunction with each Prospectus.

Effective immediately, the following disclosure is hereby added as a sub-risk under the “Market Events Risk” in the “Additional Information About the Funds’ Investments Strategies and Risks—Principal Risks” section:

Recent Events. The respiratory illness COVID-19 caused by a novel coronavirus has resulted in a global pandemic and major disruption to economies and markets around the world, including the United States. Financial markets have experienced extreme volatility and severe losses, and trading in many instruments has been disrupted. Liquidity for many instruments has been greatly reduced for periods of time. Some interest rates are very low and in some cases yields are negative. Some sectors of the economy and individual issuers have experienced particularly large losses. These circumstances may continue for an extended period of time, and may continue to affect adversely the value and liquidity of the Fund’s investments. The ultimate economic fallout from the pandemic, and the long-term impact on economies, markets, industries and individual issuers, are not known. Governments and central banks, including the Federal Reserve in the U.S., have taken extraordinary and unprecedented actions to support local and global economies and the financial markets. The impact of these measures, and whether they will be effective to mitigate the economic and market disruption, will not be known for some time.

In addition, the Board of Trustees of Cambria ETF Trust has appointed ALPS Distributors, Inc. to serve as the Funds’ new distributor and ALPS Fund Services, Inc. to serve as the Funds’ new administrator and fund accountant. Accordingly, effective immediately, the disclosure under “Other Service Providers” related to the Funds’ distributor and administrator is hereby deleted and replaced in its entirety by the following:

ALPS Distributors, Inc. (the “Distributor”), 1290 Broadway, Suite 1000, Denver, Colorado 80203, serves as the distributor of Creation Units (defined below) for the Funds on an agency basis. The Distributor does not maintain a secondary market in Shares.

ALPS Fund Services, Inc., 1290 Broadway, Suite 1000, Denver, Colorado 80203, is the administrator and fund accountant for the Funds.

These changes are not expected to have a material impact on a Fund’s holdings or affect a Fund’s fees and expenses.

* * * *

PLEASE RETAIN THIS SUPPLEMENT FOR FUTURE REFERENCE

Cambria ETF Trust

All Funds

Supplement dated April 1, 2020

to each currently effective Statement of Additional Information (“SAI”),
as may be amended or supplemented

The following information supplements and should be read in conjunction with each SAI.

Effective immediately, the following disclosure is hereby added as the second paragraph under the “Investment Objective, Investment Strategies and Risks” section:

Recent Events. The respiratory illness COVID-19 caused by a novel coronavirus has resulted in a global pandemic and major disruption to economies and markets around the world, including the United States. Financial markets have experienced extreme volatility and severe losses, and trading in many instruments has been disrupted. Liquidity for many instruments has been greatly reduced for periods of time. Some interest rates are very low and in some cases yields are negative. Some sectors of the economy and individual issuers have experienced particularly large losses. These circumstances may continue for an extended period of time, and may continue to affect adversely the value and liquidity of the Fund’s investments. The ultimate economic fallout from the pandemic, and the long-term impact on economies, markets, industries and individual issuers, are not known. Governments and central banks, including the Federal Reserve in the U.S., have taken extraordinary and unprecedented actions to support local and global economies and the financial markets. The impact of these measures, and whether they will be effective to mitigate the economic and market disruption, will not be known for some time.

In addition, the Board of Trustees of Cambria ETF Trust (the “Trust”) has appointed ALPS Distributors, Inc. to serve as the Funds’ new distributor and ALPS Fund Services, Inc. to serve as the Funds’ new administrator and fund accountant. Accordingly, effective immediately, the following changes apply to each SAI:

Lastly, the foreign holiday calendars and the longest redemption cycle tables set forth in Appendix B are hereby deleted and replaced in their entirety by the following:

The dates of the Regular Holidays in calendar year 2020 are as follows (please note these holiday schedules are subject to potential changes in the relevant securities markets).

* Early closing.

** Late opening.

^*** The Israeli market is closed every Friday.

^**** The Saudi Arabian market is closed every Friday.

Redemptions: The longest redemption cycle for the Fund is a function of the longest redemption cycle among the countries whose stocks are held by the Fund. These worst-case redemption cycles are based on information regarding regular holidays, which may be out of date. Based on changes in holidays, longer (worse) redemption cycles are possible.

In calendar year 2020, the dates of regular holidays affecting the following securities markets present the worst-case redemption cycle for the Fund as follows:

* * * *

PLEASE RETAIN THIS SUPPLEMENT FOR FUTURE REFERENCE

Cambria Value and Moment... (AMEX:VAMO)
Historical Stock Chart
From Jan 2025 to Feb 2025

Cambria Value and Moment... (AMEX:VAMO)
Historical Stock Chart
From Feb 2024 to Feb 2025