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Rating:Faber Celebrates Cambria's OG ETF's 1st Decade Not Rated 0.0 Email Routing List Email & Route  Print Print
Thursday, July 6, 2023

Faber Celebrates Cambria's OG ETF's 1st Decade

Reported by Neil Anderson, Managing Editor

The folks at a 17-year-old quant shop in Southern California are celebrating a big milestone for the first of the $1.8-billion-AUM (as of May 31) firm's dozen ETFs.

Mebane T. "Meb" Faber
Co-Founder, Chief Investment Officer, Portfolio Manager
Yesterday, Meb Faber, co-founder and chief investment officer of Cambria Investment Management [profile], highlighted that the Cambria Shareholder Yield ETF (SYLD on the CBOE BZX Exchange, Inc.) is now 10 years old. The actively managed, equity income ETF's inception date was May 14, 2013, so its ten-year anniversary was May 14, 2023.

SYLD, Cambria's flagship ETF, had $758 million in AUM as of yesterday and comes with an expense ratio of 59 basis points. The fund is a series of the Cambria ETF Trust. Cambria Investment Management, L.P. serves as the fund's investment advisor, and Faber has PMed the fund since inception.

Faber puts the 2013 launch of SYLD (seven years after Cambria itself launched in 2006) in the context of the Cambria team's efforts to come up with what he describes as "a different way to look at yield and value." The fund, he adds, "has demonstrated the long-term potential to provide differentiated value exposure along with steady yield."

"At Cambria, we are focused on ETFs that add value over the long term," Faber states.

SYLD's other service providers include: SS&C's ALPS Distributors, Inc. as distributor; ALPS Fund Services, Inc. as administrator and fund accountant; Brown Brothers Harriman & Co. (BBH) as custodian, securities lending agent, and transfer agent; Cohen & Company, Ltd. as independent accounting firm; and Morgan, Lewis & Bockius LLP as counsel.

Editor's Note: A prior version of this story mistakenly included a picture of someone unrelated to this story and mislabeled that picture as being of Meb Faber. 

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