Fund Links
Fund Details
| Fund Inception | 7/25/2019 |
| Ticker | TOKE |
| Net Assets | TBD |
| Shares Outstanding | TBD |
| Primary Exchange | CBOE |
| CUSIP | 132061821 |
| Fund Type | Actively Managed ETF |
| Investment Objective | Capital Appreciation |
| Management Fee | 0.59% |
| Management Fee Waiver | 0.17% |
| Gross Expense Ratio | 0.59% |
| Net Expense Ratio* | 0.42% |
| Net Asset Value (NAV) | TOKE.NV |
| Portfolio Managers: | Mebane T. Faber |
| Number of Holdings | 35 |
| Dividend Frequency | Quarterly |
Data as of
*Fee waivers are contractual and in effect until August 31, 2024.
TOKE
Cambria Cannabis ETF
Cambria Cannabis ETF is a global, all-cap portfolio that has exposure to the broad cannabis industry. TOKE will target approximately 20 to 50 of the top cannabis companies around the world.
Why TOKE?
- Low cost option among non-leveraged cannabis ETFs
- Crossover of multiple related industries such as real estate, food, medicine, tourism and more
- Actively managed and globally diversified
Fund Prices
| Nav | |
|---|---|
| Net Asset Value | |
| Daily Change | |
| Daily Change | |
| Volume | TBD |
| Price | |
|---|---|
| Closing Price | |
| Daily Change | |
| Daily Change | |
| 30-Day Median Bid/Ask Spread | |
Data as of
The exchange-traded fund's median bid-ask spread is rounded to the nearest hundredth and computed by (1) identifying the exchange-traded fund's national best bid and national best offer as of the end of each 10 second interval during each trading day of the last 30 calendar days, (2) dividing the difference between each such bid and offer by the midpoint of the national best bid and national best offer, and (3) identifying the median of those values.
Performance
Month end returns as of:
| CUMULATIVE | |||||
|---|---|---|---|---|---|
| 1 Mo. | 3 Mo. | 6 Mo. | Since Inception | ||
| Fund NAV | -17.76% | -32.61% | -44.58% | -58.35% | |
| Closing Price | -14.97% | -30.42% | -43.19% | -56.95% | |
| AVG. ANNUALIZED | |||||
|---|---|---|---|---|---|
| 1 Yr. | 3 Yr. | 5 Yr. | 10 Yr. | Since Inception | |
| Fund NAV | |||||
| Closing Price | |||||
Quarter end returns as of :
| AVG. ANNUALIZED | |||||
|---|---|---|---|---|---|
| 1 Yr. | 3 Yr. | 5 Yr. | 10 Yr. | Since Inception | |
| Fund NAV | |||||
| Closing Price | |||||
The performance data quoted represents past performance. Past performance does not guarantee future results. The investment return and principal value of an investment will fluctuate so that an investor's shares, when redeemed, may be worth more or less than their original cost and current performance may be lower or higher than the performance quoted.
Cumulative return is the aggregate amount that an investment has gained or lost over time. Annualized return is the average return gained or lost by an investment each year over a given time period. Cambria Funds' NAVs are calculated using prices as of 4:00 PM Eastern Time.
The closing market price is the Mid-Point between the Bid and Ask price as of the close of exchange. Since the Fund's Shares typically do not trade in the secondary market until several days after the Fund's inception, for the period from inception to the first day of secondary market trading in Shares, the NAV of the Fund is used to calculate market returns.
TOP 10 HOLDINGS
| PERCENTAGE OF NET ASSETS | TICKER | NAME | IDENTIFIER | SHARES HELD | MARKET VALUE |
|---|
Data as of
Holdings are subject to change
Investor Materials
| Summary Prospectus | Statutory Prospectus | Statement of Additional Information | Semi-Annual Report | Annual Report |
|---|---|---|---|---|
| Download | Download | Download | Download | Download |
All XBRL Filings
Registration Statement XBRL
Prospectus Supplement XBRL
N-PX Files
N-PX
To determine if this Fund is an appropriate investment for you, carefully consider the Fund's investment objectives, risk factors, charges and expense before investing. This and other information can be found in the Fund's full or summary prospectus which may be obtained by calling 855-383-4636 (ETF INFO) or visiting our website at www.cambriafunds.com. Read the prospectus carefully before investing or sending money.
The Cambria ETFs are distributed by ALPS Distributors Inc., 1290 Broadway, Suite 1000, Denver, CO 80203, which is not affiliated with Cambria Investment Management, LP, the Investment Adviser for the Fund.
Investing involves risk, including potential loss of capital.
TOKE: Cannabis companies are subject to various laws and regulations that may differ at the local and federal level. They are subject to the risks associated with agricultural, biotechnology and pharmaceutical industries. Since the use of marijuana is illegal under United States federal law, federally regulated banking institutions may be unwilling to make financial services available to growers and sellers of marijuana. The Fund's investments are concentrated in the cannabis industry, and the Fund may be susceptible to loss due to adverse occurrences affecting the industry. The Fund is also expected to have significant exposure to health care, consumer discretionary and consumer staple sectors.
TOKE is actively managed.
© 2023 Morningstar, Inc. All rights reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete, or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results.
TO DETERMINE IF THIS FUND IS AN APPROPRIATE INVESTMENT FOR YOU, CAREFULLY CONSIDER THE FUND'S INVESTMENT OBJECTIVES, RISK FACTORS, CHARGES AND EXPENSES BEFORE INVESTING. THIS AND OTHER INFORMATION CAN BE FOUND IN THE FUND'S PROSPECTUS WHICH MAY BE OPTAINED BY CALLING 855-383-4636 (ETF INFO) OR VISITING OUR WEBSITE AT WWW.CAMBRIAFUNDS.COM. READ THE PROSPECTUS CAREFULLY BEFORE INVESTING OR SENDING MONEY.
The Cambria ETFs are distributed by ALPS Distributors Inc., 1290 Broadway, Suite 1000, Denver, CO 80203, which is not affiliated with Cambria Investment Management, LP, the Investment Adviser for the Fund.
Investing involves risk, including the possible loss of principal. In addition to the normal risks associated with investing, international investments may involve risk of capital loss from unfavorable fluctuation in currency values, from differences in generally accepted accounting principles, or from social, economic, or political instability in other nations. These risks are especially high in emerging markets.
Cannabis Companies are subject to various laws and regulations that may differ at the local and federal level. They are subject to the risks associated with the agricultural, biotechnology, and pharmaceutical industries. Since the use of marijuana is illegal under United States federal law, federally regulated banking institutions may be unwilling to make financial services available to growers and sellers of marijuana. The Fund's investments are concentrated in the cannabis industry, and the Fund may be susceptible to loss due to adverse occurrences affecting this industry. The Fund is also expected to have significant exposure to the health care, consumer discretionary, and consumer staples sectors.
The fund is actively managed using proprietary investment strategies and processes. 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.
CBM001308