TAIL
Cambria Tail Risk ETF
NAV as of
4 Week: 12.94 - 13.23
52 Week: 12.94 - 16.85
Latest Closing Price
12.94
Premium / Discount
-0.08
Expense Ratio
0.59%
Investment Objective
The investment seeks to provide income and capital appreciation from investments in the U.S. market while protecting against significant downside risk. The fund is actively managed and seeks to achieve its investment objective by investing in cash and U.S. government bonds, and utilizing a put option strategy to manage the risk of a significant negative movement in the value of domestic equities. The adviser intends to spend approximately one percent of the fund's total assets per month to purchase put options.
Main Fund Characteristics
Performance
| Period | Performance Returns(%) | Volatility(%) | Risk Adjusted Performance |
|---|---|---|---|
| YTD | -14.51 | 0.84 | -17.35 |
| 1 Day | 1.09 | 0.00 | 0.00 |
| 1 Week | 0.62 | 1.73 | 0.36 |
| 1 Month | -1.06 | 2.05 | -0.52 |
| 3 Months | -5.35 | 4.35 | -1.23 |
| 6 Months | -13.49 | 7.69 | -1.75 |
| 1 Year | -20.82 | 14.16 | -1.47 |
| 2 Years | -29.26 | 22.82 | -1.28 |
| 3 Years | -40.08 | 24.18 | -1.66 |
| 5 Years | -34.47 | 35.25 | -0.98 |
| 10 Years | 0.00 | 0.00 | 0.00 |
Price History
Annual Performance Return
| 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | |
| Price (%) | 0.0000 | 0.0000 | 0.0000 | 0.0000 | 0.0000 | 2.3305 | -13.9904 | 6.9839 | -12.8153 | -13.1463 |
| Nav (%) | 0.0000 | 0.0000 | 0.0000 | 0.0000 | 0.0000 | 0.0000 | 0.0000 | 0.0000 | 0.0000 | 0.0000 |
| Rank | 0.0000 | 0.0000 | 0.0000 | 0.0000 | 0.0000 | 70.0000 | 1.0000 | 1.0000 | 0.0000 | 0.0000 |
Dividend Frequency
Lastest Dividend
| Ex Date | Payment Date | Dividend Payout per unit |
|---|---|---|
| 20/09/2023 | 01/10/2023 | 0.1168 |
| 21/06/2023 | 02/07/2023 | 0.1213 |
| 22/03/2023 | 02/04/2023 | 0.1201 |
| 21/12/2022 | 02/01/2023 | 0.0720 |
| 21/09/2022 | 02/10/2022 | 0.0739 |
| 22/06/2022 | 04/07/2022 | 0.0507 |
| 23/03/2022 | 03/04/2022 | 0.0321 |
| 21/12/2021 | 02/01/2022 | 0.0242 |
| 22/09/2021 | 03/10/2021 | 0.0293 |
| 23/06/2021 | 05/07/2021 | 0.0268 |
Portfolio Data
Total Number of Holdings: 8
Number of Bond Holdings: 1
Number of Equity Holdings: 0
Total Market Value: 166,485,101
Portfolio Composition
Top 10 Holdings
| % Portfolio Weight | Shares Owned | Shares Changed | Market Value | ||
|---|---|---|---|---|---|
| 1 | United States Treasury Notes 4.13% | 84.5908 | 168,198,000 | 0 | 174,426,582 |
| 2 | United States Treasury Notes 0.13% | 6.4433 | 14,628,070 | 1,491 | 13,286,021 |
| 3 | Option on S&P 500 PR | 1.7806 | 247 | 247 | 3,671,655 |
| 4 | Option on S&P 500 PR | 1.2010 | 277 | 277 | 2,476,380 |
| 5 | Option on S&P 500 PR | 0.8342 | 277 | 277 | 1,720,170 |
| 6 | Option on S&P 500 PR | 0.5654 | 116 | 116 | 1,165,800 |
Country Exposure
Regional Exposure
America
Greater Europe
Greater Asia
Market Classification
Market Capitalization
| Size | % of portfolio |
|---|---|
| Giant | 2.54 |
| Large | 1.85 |
| Medium | 0.91 |
| Small | 0.02 |
| Micro | 0.00 |
Equity Style Box Breakdown
| 0 | 0 | 0 | Large |
| 0 | 0 | 0 | Mid |
| 0 | 0 | 0 | Small |
| Value | Blend | Growth |
Value Measures
Price/Prospective Earnings*
18.0153
Price/Book*
3.2369
Price/Sales*
2.0136
Price/Cash Flow*
10.8985
Dividend Yield*
1.9589
Growth Measures
Long-Term Earnings
11.7015
Historical Earnings
15.9438
Sales Growth
11.3993
Cash-Flow Growth
8.0558
Book-Value Growth
4.5747
*Forward-looking based on historical data.
Equity Sector
Number of Bond Holdings
1
Bond Statitics
| Detail | Value |
|---|---|
| Average Effective Duration | 0 |
| Average Effective Maturity (Years)* | 0 |
| Average Credit Quality | 0 |
| Average Weighted Coupon* | 4.12 |
| Average Weighted Price* | 99.95 |
Bond Style Box Breakdown
| 0 | 0 | 0 | High | Quality |
| 0 | 0 | 0 | Med | |
| 0 | 0 | 0 | Low | |
| Ltd | Mod | Ext | ||
| Interest-Rate Sensitivity | ||||
Credit Quality
| Type | % Bonds |
|---|---|
| N.A | |
Bond Sector
Bond Maturity
| % Bonds | |
|---|---|
| 1 to 3 Years | 0.00 |
| 3 to 5 Years | 0.00 |
| 5 to 7 Years | 0.00 |
| 7 to 10 Years | 88.86 |
| 10 to 15 Years | 0.00 |
| 15 to 20 Years | 0.00 |
| 20 to 30 Years | 0.00 |
| Over 30 Years | 0.00 |
| 1 to 7 Days | 0.00 |
| 8 to 30 Days | 0.00 |
| 31 to 90 Days | 0.00 |
| 91 to 182 Days | 0.00 |
| 183 to 364 Days | 0.00 |
Data Source: Morningstar
© 2019 Morningstar. All Rights Reserved. The information, data, analyses and opinions (“Information”) contained herein:
(2) may not be copied or redistributed except as specifically authorised;
(3) do not constitute investment advice;
(4) are provided solely for informational purposes;
(5) are not warranted to be complete, accurate or timely; and
(6) may be drawn from fund data published on various dates.
Morningstar and Phillip Securities Pte Ltd are not responsible for any trading decisions, damages or other losses related to the Information or its use. Please verify all of the Information before using it and don’t make any investment decision except upon the advice of a professional financial adviser. Past performance is no guarantee of future results. The value and income derived from investments may go down as well as up.
For the most up-to-date fund’s data and information, a copy of the fund factsheet, information or prospectus may be obtained from the respective ETF issuer.
