LOS ANGELES--(BUSINESS WIRE)--The Cambria ETF Trust and its investment manager, Cambria Investment Management, LP, today launched the Cambria Core Equity ETF (NYSE Arca:CCOR), which actively manages a diversified portfolio of equities and options. CCOR is listed on the NYSE Arca exchange and utilizes a combination of several strategies to produce capital appreciation while reducing risk exposure across market conditions.
Under normal market conditions, at least 80% of the value of the Fund’s net assets will be invested in equity securities. CCOR’s underlying holdings include high-quality companies across all industries and sectors that have prospects for long-term total returns as a result of their ability to grow earnings and their willingness to increase dividends over time.
CCOR also sells exchange traded index put and call options to reduce volatility and increase return. In addition, CCOR buys index put options, which can protect investors from a significant market decline that may occur over a short period of time. CCOR also uses proprietary models and analysis of historical portfolio profit and loss information to identify favorable option trading opportunities, including favorable call and put option spreads.
David Pursell, the fund’s Senior Portfolio manager, said: "CCOR was developed to be a core holding for all types of investors, as the strategy seeks to combine the long-term compounding benefits of stocks with the goal of improving risk management to minimize portfolio drawdowns.”
“The Cambria Core Equity ETF fits in well with the growing lineup of innovative ETF solutions for various types of investors, both individual and institutional, that Cambria has already launched,” added Meb Faber, Cambria’s Chief Investment Officer. CCOR is the 11th fund to be launched on the Cambria ETF Trust.
ABOUT CAMBRIA INVESTMENT MANAGEMENT, LP
Cambria Investment Management, LP, based in Los Angeles, California, is a SEC registered investment management firm employing a disciplined multi-asset, global quantitative research process. Cambria provides investment management services to high net worth individuals and institutions through separately managed accounts, private funds, and public exchange-traded funds. Cambria is also the investment manager of ten other ETFs, including the Cambria Shareholder Yield ETF (NYSE:SYLD), the Cambria Foreign Shareholder Yield ETF (NYSE:FYLD), the Cambria Emerging Shareholder Yield ETF (NYSE:EYLD), and the Cambria Global Value ETF (NYSE:GVAL). Global diversification through asset allocation, coupled with prudent risk management, is the foundation of Cambria’s investment philosophy. For more information, please visit www.cambriainvestments.com and www.cambriafunds.com. Meb Faber can be followed @MebFaber.
Carefully consider the Funds’ investment objectives, risk factors, charges and expenses before investing. This and additional information can be found in the Funds’ summary and full prospectuses, which may be obtained by calling 1-855-ETF-INFO, or by visiting www.cambriafunds.com. Read the prospectus carefully before investing.
ETFs are subject to commission costs each time a “buy” or “sell” is executed. Depending on the amount of trading activity, the low costs of ETFs may be outweighed by commissions and related trading costs.
Shares are bought and sold at market price (closing price) not net asset value (NAV) are not individually redeemed from the Fund. Market price returns are based on the midpoint of the bid/ask spread at 4:00 pm Eastern Time (when NAV is normally determined), and do not represent the return you would receive if you traded at other times. Buying and selling shares will result in brokerage commissions. Brokerage commissions will reduce you would receive if you traded at other times. Buying and selling shares will result in brokerage commissions. Brokerage commissions will reduce returns.
There is no guarantee that the Fund will achieve its investment goal. Investing involves risk, including the possible loss of principal.
There is no guarantee dividends will be paid. Diversification may not protect against market loss. An option premium is the dollar price per share that an option holder pays the option writer for the option privileges.
The Fund is actively managed.
Derivatives are financial instruments that derive their performance from an underlying reference asset, such as an index. Derivatives, such as put options, are often more volatile than other investments and may magnify the Fund’s gains or losses. A small investment in a derivative can have a large impact on the performance of the Fund as derivatives can result in losses in excess of the amount invested. Options used by the Fund to offset its exposure to tail risk or reduce volatility may not perform as intended. There can be no assurance that the Fund's put option strategy will be effective. The put option strategy may not fully protect the Fund against declines in the value of its portfolio securities.
Cambria Investment Management, LP serves as an advisor to the Cambria ETF Trust. The Funds are distributed by SEI Investments Distribution Co., which is not affiliated with Cambria Investment Management, LP or any of its affiliates.