| Investment Objective: |
The Fund seeks income and capital appreciation. The Fund is actively managed using a model-based approach and seeks to achieve its investment objective by investing in fixed income securities. The Cambria Fixed Income Trend ETF (CFIT) targets a global universe of fixed income securities, tactically selecting securities for inclusion in the Fund's portfolio based on a comparison of current price trends across various fixed income categories. CFIT evaluates a broad universe that includes U.S. government securities such as Treasury bonds, Treasury notes, T-bills and Treasury Inflation-Protected Securities, intermediate term investment grade bonds traded in the United States that constitute the U.S. aggregate bond market, corporate bonds, high yield bonds, municipal bonds, residential and commercial mortgage-backed securities, convertible securities, preferred securities, private credit, foreign developed government bonds, and emerging market government bonds. CFIT intends to invest in specific fixed income segments when they demonstrate an uptrend and invest in U.S Treasury Bills when the eligible segments are in a downtrend. |
