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Critical Facts You Need to Know About Preferred Stocks
Have you ever wished for the safety of bonds, but the return potential...
Name
As of 12/20/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
YTD Return
6.2%
1 yr return
5.9%
3 Yr Avg Return
7.1%
5 Yr Avg Return
8.8%
Net Assets
$56.4 M
Holdings in Top 10
19.2%
Expense Ratio 0.65%
Front Load N/A
Deferred Load N/A
Turnover N/A
Redemption Fee N/A
Standard (Taxable)
N/A
IRA
N/A
Fund Type
Exchange Traded Fund
Name
As of 12/20/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
The Fund will seek to achieve its investment objective by investing, under normal market conditions, at least 80% of the value of the Fund’s net assets in U.S. exchange-listed equity securities that are undervalued according to various valuation metrics, including the cyclically adjusted price-to-earnings ratio, commonly known as the “CAPE Shiller P/E ratio.” For the purposes of this policy, the Fund may invest in investments that provide exposure to such securities. These valuation metrics are derived by dividing the current market value of a reference index or asset by an inflation-adjusted normalized factor (typically earnings, book value, dividends, cash flows or sales) over the past seven to ten years. The Fund’s investment adviser, Cambria Investment Management, L.P. (“Cambria” or the “Adviser”), intends to employ systematic quantitative strategies in an effort to avoid overvalued and downtrending markets.
In attempting to avoid overvalued and downtrending markets, the Fund may hedge up to 100% of the value of the Fund’s long portfolio. The Fund may use derivatives, including U.S. exchange-traded stock index futures or options thereon, to attempt to effectuate such hedging during times when Cambria believes that the U.S. equity market is overvalued from a valuation standpoint, or Cambria’s models identify unfavorable trends and momentum in the U.S. equity market. During certain periods, including to collateralize the Fund’s investments in futures contracts, the Fund may invest up to 20% of the value of its net assets in U.S. dollar and non-U.S. dollar denominated money market instruments or other high quality debt securities, or ETFs that invest in these instruments.
The Fund may invest in securities of companies in any industry, but will limit the maximum allocation to any particular sector to 25%. Although the Fund generally expects to invest in companies with larger market capitalizations, the Fund may also invest in small- and mid-capitalization companies. Filters will be implemented to screen for companies that pass sector exposure and liquidity requirements.
Cambria will utilize a quantitative model that combines value and momentum factors to identify which securities the Fund may purchase and sell and opportune times for purchases and sales. The Fund will look to allocate to the top performing value stocks based on value factors as well as absolute and relative momentum. Value will typically be measured on a longer time horizon (five to ten years) than momentum (typically less than one year).
The Fund may invest in U.S. exchange-listed preferred stocks. Preferred stocks include convertible and non-convertible preferred and preference stocks that are senior to common stock. The Fund may also invest in U.S. exchange-listed real estate investment trusts (“REITs”) and engage in short sales of securities.
Cambria has discretion on a daily basis to actively manage the Fund’s portfolio in accordance with the Fund’s investment objective. The Fund may sell a security when Cambria believes that the security is overvalued or better investment opportunities are available, to invest in cash and cash equivalents, or to meet redemptions. Cambria expects to adjust the Fund’s holdings to meet target allocations monthly. As a result, the Fund may experience high portfolio turnover.
As of August1, 2024, the Fund had significant investment exposure to companies in the consumer discretionary, financials, and industrial sectors; however, the Fund’s sector exposure may change from time to time.
Period | VAMO Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 6.2% | -11.2% | 39.8% | 71.92% |
1 Yr | 5.9% | -11.3% | 40.0% | 78.77% |
3 Yr | 7.1%* | -9.9% | 25.8% | 25.95% |
5 Yr | 8.8%* | -3.1% | 23.4% | 30.00% |
10 Yr | N/A* | -3.7% | 10.8% | 69.33% |
* Annualized
Period | VAMO Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 4.0% | -17.3% | 43.8% | 58.22% |
2022 | 7.3% | -54.0% | 17.4% | 8.40% |
2021 | 30.7% | -40.0% | 54.1% | 8.00% |
2020 | -6.0% | -47.6% | 88.4% | 81.67% |
2019 | -5.7% | -20.3% | 62.6% | 96.46% |
Period | VAMO Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 6.2% | -11.2% | 39.8% | 71.92% |
1 Yr | 5.9% | -11.3% | 40.0% | 78.77% |
3 Yr | 7.1%* | -9.9% | 25.8% | 25.95% |
5 Yr | 8.8%* | -3.1% | 23.4% | 30.00% |
10 Yr | N/A* | -3.7% | 10.8% | N/A |
* Annualized
Period | VAMO Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 5.6% | -14.5% | 43.8% | 61.64% |
2022 | 8.6% | -54.0% | 50.3% | 12.98% |
2021 | 32.2% | -40.0% | 61.6% | 8.80% |
2020 | -4.9% | -29.9% | 91.0% | 83.33% |
2019 | -4.6% | -17.9% | 79.4% | 96.46% |
VAMO | Category Low | Category High | VAMO % Rank | |
---|---|---|---|---|
Net Assets | 56.4 M | 1.08 M | 6.67 B | 67.12% |
Number of Holdings | 102 | 3 | 2730 | 49.32% |
Net Assets in Top 10 | 10.2 M | -4.86 M | 2.41 B | 84.93% |
Weighting of Top 10 | 19.15% | -9.9% | 110.8% | 95.21% |
Weighting | Return Low | Return High | VAMO % Rank | |
---|---|---|---|---|
Stocks | 89.94% | -0.13% | 113.26% | 19.18% |
Cash | 9.86% | 0.00% | 109.95% | 72.60% |
Other | 0.19% | -57.63% | 99.50% | 30.14% |
Preferred Stocks | 0.00% | -1.13% | 6.36% | 83.56% |
Convertible Bonds | 0.00% | -0.02% | 4.48% | 83.33% |
Bonds | 0.00% | 0.00% | 108.68% | 87.67% |
Weighting | Return Low | Return High | VAMO % Rank | |
---|---|---|---|---|
Energy | 32.57% | 0.00% | 32.57% | 0.85% |
Financial Services | 22.30% | 0.00% | 83.83% | 19.49% |
Basic Materials | 16.33% | 0.00% | 28.58% | 3.39% |
Industrials | 11.27% | 0.00% | 31.93% | 44.92% |
Consumer Cyclical | 7.04% | 0.00% | 88.83% | 83.05% |
Consumer Defense | 4.77% | 0.00% | 19.75% | 66.95% |
Technology | 2.11% | 0.00% | 43.24% | 94.07% |
Real Estate | 1.41% | 0.00% | 10.93% | 46.61% |
Communication Services | 1.27% | 0.00% | 32.32% | 91.53% |
Healthcare | 0.91% | 0.00% | 100.00% | 99.15% |
Utilities | 0.00% | 0.00% | 21.71% | 94.92% |
Weighting | Return Low | Return High | VAMO % Rank | |
---|---|---|---|---|
US | 89.94% | 0.00% | 113.26% | 15.75% |
Non US | 0.00% | -2.95% | 54.79% | 86.99% |
VAMO Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 0.65% | 0.42% | 9.95% | 98.63% |
Management Fee | 0.59% | 0.00% | 2.50% | 10.96% |
12b-1 Fee | 0.00% | 0.00% | 1.00% | 22.08% |
Administrative Fee | N/A | 0.03% | 1.54% | N/A |
VAMO Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | N/A | 2.50% | 5.75% | N/A |
Deferred Load | N/A | 1.00% | 4.00% | N/A |
VAMO Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | N/A | 0.50% | 2.00% | N/A |
Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.
VAMO Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | N/A | 0.00% | 446.00% | 40.00% |
VAMO | Category Low | Category High | VAMO % Rank | |
---|---|---|---|---|
Dividend Yield | 0.70% | 0.00% | 27.22% | 67.59% |
VAMO | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Quarterly | Annual | Quarterly | Annual |
VAMO | Category Low | Category High | VAMO % Rank | |
---|---|---|---|---|
Net Income Ratio | 0.70% | -3.33% | 2.16% | 9.03% |
VAMO | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Annually |
Date | Amount | Type |
---|---|---|
Dec 20, 2024 | $0.052 | OrdinaryDividend |
Sep 20, 2024 | $0.053 | OrdinaryDividend |
Jun 21, 2024 | $0.085 | OrdinaryDividend |
Mar 21, 2024 | $0.059 | OrdinaryDividend |
Dec 14, 2023 | $0.070 | OrdinaryDividend |
Sep 21, 2023 | $0.034 | OrdinaryDividend |
Jun 22, 2023 | $0.097 | OrdinaryDividend |
Mar 23, 2023 | $0.181 | OrdinaryDividend |
Dec 22, 2022 | $0.145 | OrdinaryDividend |
Sep 22, 2022 | $0.068 | OrdinaryDividend |
Jun 23, 2022 | $0.074 | OrdinaryDividend |
Mar 24, 2022 | $0.013 | OrdinaryDividend |
Dec 22, 2021 | $0.156 | OrdinaryDividend |
Sep 23, 2021 | $0.034 | OrdinaryDividend |
Jun 24, 2021 | $0.061 | OrdinaryDividend |
Mar 25, 2021 | $0.021 | OrdinaryDividend |
Dec 23, 2020 | $0.066 | OrdinaryDividend |
Sep 24, 2020 | $0.020 | OrdinaryDividend |
Jun 25, 2020 | $0.095 | OrdinaryDividend |
Mar 26, 2020 | $0.019 | OrdinaryDividend |
Dec 26, 2019 | $0.049 | OrdinaryDividend |
Sep 26, 2019 | $0.060 | OrdinaryDividend |
Jun 27, 2019 | $0.070 | OrdinaryDividend |
Mar 28, 2019 | $0.060 | OrdinaryDividend |
Dec 26, 2018 | $0.074 | OrdinaryDividend |
Sep 26, 2018 | $0.039 | OrdinaryDividend |
Jun 27, 2018 | $0.071 | OrdinaryDividend |
Mar 28, 2018 | $0.041 | OrdinaryDividend |
Dec 27, 2017 | $0.032 | OrdinaryDividend |
Sep 26, 2017 | $0.024 | OrdinaryDividend |
Jun 27, 2017 | $0.017 | OrdinaryDividend |
Mar 28, 2017 | $0.016 | OrdinaryDividend |
Dec 27, 2016 | $0.028 | OrdinaryDividend |
Sep 26, 2016 | $0.059 | OrdinaryDividend |
Jun 27, 2016 | $0.023 | OrdinaryDividend |
Mar 28, 2016 | $0.024 | OrdinaryDividend |
Dec 28, 2015 | $0.046 | OrdinaryDividend |
Start Date
Tenure
Tenure Rank
Sep 08, 2015
6.73
6.7%
Mr. Faber is a co-founder and the Chief Investment Officer of Cambria Investment Management. Faber is a manager of Cambria's ETFs, separate accounts and private investment funds for accredited investors. Mr. Faber has authored numerous white papers and three books: Shareholder Yield, The Ivy Portfolio, and Global Value. He is a frequent speaker and writer on investment strategies and has been featured in Barron's, The New York Times, and The New Yorker. Mr. Faber graduated from the University of Virginia with a double major in Engineering Science and Biology.
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.07 | 23.55 | 5.96 | 7.93 |
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