A pair of firms on opposite coasts are teaming up with an ETF-in-the-box shop to launch a fund powered by a trend-following strategy involving futures contracts.

Mebane T. "Meb" Faber Cambria Co-Founder, CEO, Chief Investment Officer, Portfolio Manager

The Cambria Chesapeake Pure Trend ETF (MFUT) debuted today on the Cboe BZX, powered by the folks at Cambria [profile], Chesapeake Capital, and Tidal Financial Group [profile]. The new actively managed, non-diverisified ETF is a series of Tidal Trust II.

MFUT comes with an expense ratio of 75 basis points. It has about $5 million in AUM.

Tidal Investments LLC serves as MFUT's investment advisor. Chesapeak Capital Corporation and Cambria Investment Management, L.P. serve as the new fund's subadvisors and sponsors, and Chesapeak also serves as futures trading advisor.

MFUT's PM team includes: Meb Faber, chief investment officer of Cambria; Mike Ivie, director of research at Chesapeake; Jonathan Keetz, chief operating officer at Cambria; Christopher Muller, portfolio manager at Tidal; and Jerry Parker, chairman and CEO of Chesapeake.

The new ETF's other service providers include: Cohen & Company, Ltd. as independent accounting firm; ACA's Foreside Fund Services, LLC as distributor; Sullivan & Worcester LLP as counsel; Tidal ETF Services LLC as admininstrator; U.S. Bancorp Fund Services, LLC (dba U.S. Bank Global Fund Services) as fund accountant, subadministrator, and transfer agent; and U.S. Bank National Association as custodian. 

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