Investors should consider the investment objectives, risks, charges and expenses of the Cambria Shareholder Yield ETF carefully before investing. Please call 855-383-4636 (ETF INFO) or visit www.cambriafunds.com for more information on the Fund. Please read the prospectus carefully before you invest.
Investing involves risk, including the possible loss of principal. SYLD is actively managed using proprietary investment strategies and processes. FYLD is passively managed. There can be no guarantee that these strategies and processes will produce the intended results and no guarantee that the Fund will achieve its investment objective. This could result in the Fund's underperformance compared to other funds with similar investment objectives. The underlying holdings of the fund may be leveraged, which will expose the holdings to higher volatility and may accelerate the impact of any losses. High yielding stocks are often speculative, high risk investments. These companies can be paying out more than they can support and may reduce their dividends or stop paying dividends at any time, which could have a material adverse effect on the stock price of these companies and the Fund's performance. International investing may involve risk of capital loss from unfavorable fluctuations in currency values, from differences in generally accepted accounting principles, or from economic or political instability in other nations. Emerging markets involve heightened risks related to the same factors as well as increased volatility and lower trading volume. Narrowly focused funds and investments in smaller companies typically exhibit higher volatility. There is no guarantee dividends will be paid. Diversification may not protect against market loss. There are special risks associated with margin investing. As with stocks, you may be called upon to deposit additional cash or securities if your account equity declines.
Shares are bought and sold at market price (not NAV) and are not individually redeemed from the Fund. Brokerage commissions will reduce returns.
Cambria Investment Management, LP serves as an advisor to the Cambria Funds. The Cambria Shareholder Yield ETF is distributed by SEI Investments Distribution Co., which is not affiliated with Cambria Investment Management, LP or any of its affiliates.