COLLEGE PLANNING | ESTATE PLANNING | INVESTING | PORTFOLIO SPOTLIGHT | REAL ESTATE | RETIREMENT | TAX PLANNING
The Cambria Emerging Shareholder Yield ETF
TICKER ASSETS
EYLD $ 577.1 million
PERFORMANCE |
YTD |
1 yr. |
3 yr. |
5 yr. |
|
22.26 % |
11.88 % |
20.28 % |
12.01 % |
TOP 5 HOLDINGS
CONTACT INFO
People’ s Insurance Co Group of China Ltd.; HD Hyundai Co Ltd.; Asustek Computer Inc.; Samsung Life Insurance Co Ltd.; Woori Financial Group Inc.
cambriafunds. com( the site provides seven regional numbers for financial advisors to call)
TOP INDUSTRIES( As a % of portfolio) Financial Services 28.83 % Industrials 18.45 % Technology 15.27 % Energy 9.66 % Consumer Cyclical 6.75 % Utilities 5.88 % Consumer Defense 4.23 % Basic Materials 3.36 % Real Estate 3.08 % Communication Services 2.94 % Healthcare 1.54 %
Performance, AUM and top five holdings as of 10 / 2 / 25. Portfolio stats and standard deviation( three year vs. the Morningstar EM TME NR USD Index) as of 9 / 30 / 25. Turnover as of 4 / 30 / 25.
A Twist On Yield Investing
The Cambria Emerging Shareholder Yield ETF expands the scope of yield. By Jeff Schlegel
SOME EQUITY INCOME INVESTORS GROUSE WHEN A company uses its cash to buy back shares of its own outstanding stock rather than increase its dividend payouts to shareholders. While buybacks decrease a company’ s share count on the open market and boost its earnings per share, that can seem somewhat abstract compared to having cold, hard cash in your pocket.
The team at Cambria Investment Management says there are three ways a company can return cash shareholders: by paying dividends, by using buybacks, or by reducing net debt— because all three methods boost shareholder value.
Cambria posits that those three approaches, which together contribute to shareholder yield, allow the firm to identify companies with strong free cash flow. And cash flow indicates that a company has strong finances and greater potential to outperform the broader equity market.
“ We think it’ s a better approach to dividend investing,” says Meb Faber, Cambria’ s co-founder and CEO.“ You can’ t do dividend investing without accounting for buybacks.”
Or, as Cambria says on its website:“ Unlike dividends, which may trigger a taxable event to shareholders, corporate share buybacks are camouflaged in the company’ s market price. This makes buybacks an effective way to return profits to shareholders rather than the obvious dividend payment.”
Based in Manhattan Beach, Calif., Cambria is a quantitative asset management and alternative investments shop with a lineup of 19 actively managed exchange-traded funds employing eight different strategies.( Its 20th fund is scheduled to launch in
40 | FINANCIAL ADVISOR MAGAZINE | NOVEMBER 2025 WWW. FA-MAG. COM