Cambria Shareholder Yield ETF

Frequently Asked Questions About SYLD

What does SYLD invest in?

SYLD actively selects US stocks that exhibit high shareholder yield which is calculated by considering companys cash flow measures. Selection starts with the top 20% stocks by combining two popular themes dividend payments and share buybacks. The funds quantitative algorithm then factors in the debt paydowns of the remaining stocks and applies valuation factors. The top 100 stocks that represents the best combination of shareholder yield characteristics and value metrics forms the final portfolio. The fund equal weights its holdings during normal market condition, and is rebalanced and reconstituted quarterly. SYLD generally holds large-caps, but may invest in small- and midcap stocks. Prior to March 26, 2018, the fund was actively managed, and prior to June 1, 2020, it tracked Cambria Shareholder Yield Index.

What is the expense ratio of SYLD?

Cambria Shareholder Yield ETF (SYLD) charges an expense ratio of 0.59%. This is the annual fee deducted from fund assets to cover management and operations.

How big is SYLD?

Cambria Shareholder Yield ETF (SYLD) manages $1.02B in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure. Funds below ~$50M are at higher risk of liquidation.

Is SYLD actively managed or an index fund?

SYLD is actively managed: the manager selects holdings rather than tracking an index. Active funds typically charge higher expense ratios than index funds (SYLD's is 0.59%) in exchange for the discretion to over- or under-weight positions.

When was SYLD launched?

Cambria Shareholder Yield ETF (SYLD) launched in May 2013 and is managed by Cambria Funds.

How has SYLD performed?

SYLD's total return (price change plus reinvested distributions) is charted at the top of this page. Switch the price chart to Total Return and pick a 1-year, 3-year, 5-year, or 10-year window to read the compound annual growth rate (CAGR) over each horizon.