FAILCambria Global Tail Risk ETF
FAIL Fund Description
FAIL aims to provide a defensive approach to global ex-US equities by actively managing put options with similar exposure and managing the collateral of the fund consisting mostly of cash and government bonds.
FAIL Factset Analytics Insight
FAIL is a global version of ETF: TAIL from the same issuer. The fund holds a portfolio of primarily cash and government bonds from both developed and emerging markets, but the primary strategy of the fund involves investing one percent of its holdings every month in at-the-money or out-of-the-money put options on stock indices or US-listed ETFs in the global ex-US space. The main purpose behind holding these options is hedging a portfolio against significant negative movement in the value of global ex-US equities, commonly referred to as global tail risk. Cambria intends to target options that are 0 to 30% out of the money. FAIL is an actively-managed fund that seeks to provide income and capital appreciation. Prior to March 15, 2021, FAIL was a fixed-income ETF under ticker: SOVB and traded as Cambria Sovereign Bond ETF.
FAIL MSCI ESG Analytics Insight
Cambria Global Tail Risk ETF has an MSCI ESG Fund Rating of BBB based on a score of 5.54 out of 10. The MSCI ESG Fund Rating measures the resiliency of portfolios to long-term risks and opportunities arising from environmental, social, and governance factors. ESG Fund Ratings range from best (AAA) to worst (CCC). Highly rated funds consist of companies that tend to show strong and/or improving management of financially relevant environmental, social and governance issues. These companies may be more resilient to disruptions arising from ESG events.
The fund’s Peer Rank reflects the ranking of a fund’s MSCI ESG Fund Quality Score against the scores of other funds within the same peer group, as defined by the Thomson Reuters Lipper Global Classification. Cambria Global Tail Risk ETF ranks in the 35th percentile within its peer group and in the 40th percentile within the global universe of all funds covered by MSCI ESG Fund Ratings.
FAIL Factset Analytics Block Liquidity
This measurement shows how easy it is to trade a $1 million USD block of FAIL. FAIL is rated a N/A out of 5.