Cambria Tax Aware ETF (TAX)

Cambria Tax Aware ETF (TAX) is an exchange-traded fund in the Mid Cap Blend category. It has $25.45M in assets, an expense ratio of 0.54% and a 0.32% dividend yield. The fund is an actively managed exchanged-traded fund (“ETF”) that invests in U.S.-listed equity securities that have a market capitalization of greater than $5 billion. Utilizing its own quantitative model, the fund’s investment sub-adviser, Cambria Investment Management, L.P. (“Cambria” or the “Sub-Adviser”) selects value stocks with lower dividend distributions, which are generally taxed as ordinary income.