The team at an 18-year-old, $2.5-billion-AUM (as of June 30), Southland asset manager are adding a fifth ETF to their "shareholder yield" suite. The launch expands the firm's lineup to 18 ETFs in total.

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

This morning, Meb Faber, co-founder and chief investment officer of Cambria Investment Management, L.P. [profile], unveiled the launch of the Cambria Large Cap Shareholder Yield ETF (LYLD on the Cboe BZX). The new fund is a series of the Cambria ETF Trust.

LYLD's inception date is today. The actively managed, equity income ETF comes with an expense ratio of 59 basis points.

Cambria serves as LYLD's investment advisor, and Tidal Investments LLC serves as subadvisor. The new fund's PM team include: Jonathan Keetz, chief operating officer of Cambria; and Faber himself.

"The Cambria Large Cap Shareholder Yield ETF invests in large cap U.S. stocks, applying the same systematic, quantitative methodology as the rest of Cambria's shareholder yield lineup," Faber states. "LYLD ranks stocks by dividend yield, net share buybacks, and net debt paydown, along with value and quality factors."

"This ETF caters to a range of investor needs: those seeking a differentiated approach to large-cap US equities, those priotizing a holistic yield strategy, and those aiming to avoid the priciest segments of the broad market," Faber states. "For investors seeking all three, this single, cost-effective ETF provides a comprehensive solution."

LYLD's other service providers include: SS&C's Alps Distributors, Inc. as distributor; Cohen & Company, Ltd. as independent accounting firm; Morgan, Lewis & Bockius LLP as counsel; Tidal ETF Services LLC as administrator; U.S. Bancorp Fund Services, LLC (dba U.S. Bank Global Fund Services) as fund accountant, sub-administrator, and transfer agent; and U.S. Bank National Association as custodian. 

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