| Investment Objective: |
The Cambria Chesapeake Pure Trend ETF (the "Fund") seeks to preserve capital and generate long-term capital appreciation. The Fund is an actively-managed exchange-traded fund ("ETF") that seeks to achieve its investment objective by investing pursuant to a trend following program (the "Trend Strategy"). Using the Trend Strategy, the Fund will invest in futures contracts and futures-related instruments (such as forwards) and spot contracts in global markets across a wide range of asset classes, including equities, fixed income, currencies and commodities. In addition, the Fund invests in cash, short-term U.S. Treasury securities, money market funds, and cash equivalents (the "Cash Strategy"). The Trend Strategy analyzes various market metrics, including price action, market volatility, open interest, and daily trading volume, to predict market opportunities and identify recurring price patterns. The data comes from a wide array of markets, such as U.S. and non-U.S. stock indices, single stocks, ETFs, fixed income futures, currencies, and commodities. Chesapeake analyzes multiple market metrics to generate trend-following long and short trade signals (i.e., investment decisions) for derivatives transactions. |
