The team at a 17-year-old boutique near Los Angeles is celebrating a big milestone for the first of their 12 ETFs.

Mebane T. "Meb" Faber Cambria Co-Founder, CEO, Chief Investment Officer, Portfolio Manager

Meb Faber, CEO and chief investment officer of Cambria Investment Management, Inc. [profile], confirms on LinkedIn that last Thursday, December 14, the Cambria Shareholder Yield ETF (SLYD on the Cboe BZX Exchange, Inc.) surpassed $1 billion in AUM. A spokesperson for the Manhattan Beach, California-based asset manager notes that, "on an absolute, total return basis," SYLD is the best performing mid-cap value fund over the past 10 years, according to Morningstar.

The folks at Cambria, which launched in 2006, first rolled out SYLD in 2013. The actively managed, equity income ETF's 10th birthday was May 14, 2023.

SYLD is a series of the Cambria ETF Trust. The fund comes with an expense ratio of 59 basis points.

Cambria serves as investment advisor to SYLD, while Toroso Investments, LLC (now known as Tidal Investments, LLC [profile]) serves as subadvisor. Faber has PMed the fund since inception in May 2013.

SYLD's other service providers include: SS&C's Alps Distributors, Inc. as distributor; Cohen & Company, Ltd. as independent accounting firm; Morgan, Lewis & Bockius LLP as counsel; Tidal ETF Services LLC (a Tidal Investments affiliate) as administrator; U.S. Bancorp Fund Services, LLC (dba U.S. Bank Global Fund Services) as fund accountant, sub-administrator, and transfer agent; and U.S. Bank National Association as custodian. 

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