TAIL

Cambria Tail Risk ETF
*Unless otherwise stated, data provided by FactSet.

TAIL Fund Description

TAIL is an actively managed fund that holds mostly cash and treasuries while using the strategy of buying put options on the S&P 500 with the purpose of portfolio downside protection.

TAIL Factset Analytics Insight

TAIL holds a portfolio of primarily cash and US government bonds, but the primary strategy of the fund involves investing one percent of its holdings every month in “out of the money” put options on the S&P 500 Index. The main purpose behind holding these options is hedging a portfolio against significant negative movement in the value of US equities, commonly referred to as tail risk. Cambria intends to target options that are 0 to 30% out of the money. Buying puts further out of the money reduces the price tag of this hedge, but also lessens the amount of downside protection provided.

TAIL MSCI ESG Analytics Insight

The MSCI ESG Fund Quality Score measures the ability of ETF underlying holdings to manage key medium to long-term risks and opportunities arising from environmental, social, and governance factors, as determined by MSCI ESG Research LLC. As of February 20, 2019 the Cambria Tail Risk ETF MSCI ESG Fund Quality Score is 6.89 out of 10.

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. TAIL ranks in the 88th percentile within its peer group and in the 91st percentile within the global universe of all funds in MSCI ESG Fund Metrics coverage.

TAIL CHARTS AND PERFORMANCE

  • 1 Month
  • 3 Months
  • YTD
  • 1 Year
  • 3 Years
  • 5 Years
  • Max
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Select ETFs to compare their performance:
PERFORMANCE [as of 02/20/19] 1 MONTH 3 MONTHS YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS
TAIL -3.07% -4.61% -10.91% -6.23% -- -- --
TAIL (NAV) -2.59% -4.87% -10.68% -5.85% -- -- --
No Underlying Index -- -- -- -- -- -- --
N/A -- -- -- -- -- -- --
All returns over 1 year are annualized. All returns are total returns unless otherwise stated.

TAIL Summary Data

Cambria
04/06/17
Open-Ended Fund
0.59%
$24.49M
0.41%

TAIL Portfolio Data

1.71%
N/A

TAIL Index Data

No Underlying Index
Equal
Fixed
N/A

TAIL Fund Structure

No
No
No Policy
N/A
N/A
High
N/A
N/A

TAIL Tax Exposures

20.00% / 39.60%
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No
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TOP OF BOOK
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Daily Spread
Premium/Discount
Volume

TAIL Factset Analytics Block Liquidity

As of 02/21/19
5
4
3
2
1

This measurement shows how easy it is to trade a $1 million USD block of TAIL. TAIL is rated a N/A out of 5.

TAIL Tradability

33,222
$747.25K
21,228
$450.39K
0.41%
$0.09
0.09%
1.18% / -1.59%
None
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50,000
0.42
0.05%
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$20.33
N/A

TAIL MSCI ESG Ratings

6.89 / 10
88.24
90.97
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