Cambria Investment Management today marked the 10-year anniversary of the Cambria Emerging Shareholder Yield ETF (EYLD). With EYLD reaching a decade, all three of Cambria’s regional shareholder yield equity ETFs now hold live track records of 10 years or more. Each of the three now ranks in the top decile of its Morningstar category for 10-year total return as of July 31, 2026. The lineup began in 2013 with the Cambria Shareholder Yield ETF (SYLD), the first shareholder yield ETF.

  • SYLD, Cambria Shareholder Yield ETF: Invests in US equities. Launched May 2013 and ranked in the 5th percentile of the Morningstar Mid-Cap Value category for 10-year total return.

  • FYLD, Cambria Foreign Shareholder Yield ETF: Invests in developed international equities. Launched December 2013 and ranked in the 9th percentile of the Morningstar Foreign Small/Mid Value category for 10-year total return.

“Shareholder yield was never meant to be a single product. It is a way of thinking about how companies return cash to their owners, and it travels,” said Meb Faber, Founder and Chief Investment Officer of Cambria. “We now have five shareholder yield equity funds, and three with at least a decade of live performance across three very different markets. That is a real body of evidence, not a back-test.”

Cambria pioneered the shareholder yield ETF with SYLD, one of the first ETFs built on the three-factor concept. It applied the same discipline to developed international markets with FYLD later that year and to emerging markets with EYLD in 2016. Two newer funds, the Cambria Micro and SmallCap Shareholder Yield ETF (MYLD) and the Cambria Large Cap Shareholder Yield ETF (LYLD), extend the approach across the size spectrum.

Cambria defines shareholder yield as the total cash a company returns to owners through three levers: dividends, net share buybacks, and debt paydown. Cambria’s view is that any single signal is incomplete, but screened together the three tend to surface higher-quality, better-priced companies than a dividend screen alone.

SYLD is Cambria’s largest fund at roughly $1 billion, EYLD has grown to approximately $880 million, and FYLD, MYLD and LYLD together add more than $779 million. Cambria managed more than $4.8 billion across its ETF lineup as of August 7, 2026.

About Cambria Investment Management

Cambria Investment Management, LP is an independent, privately owned investment advisory firm formed in 2006, focused on quantitative asset management and alternative investments. The firm manages more than $4 billion across its ETF lineup, including equity, global asset allocation, tail risk, hedged equity, and thematic strategies. More information is at www.cambriafunds.com.

SYLD Total Return Percentile Rank As of 7/31/2026

10 Year: Top 5% in Morningstar Mid-Cap Value Category based on 340 funds.

5 Year: Top 66% in Morningstar Mid-Cap Value Category based on 372 funds.

1 Year: Top 17% in Morningstar Mid-Cap Value Category based on 405 funds.

FYLD Total Return Percentile Rank As of 7/31/2026

10 Year: Top 9% in Morningstar Foreign Small/Mid Value Category based on 40 funds.

5 Year: Top 22% in Morningstar Foreign Small/Mid Value Category based on 51 funds.

1 Year: Top 1% in Morningstar Foreign Small/Mid Value Category based on 54 funds.

EYLD Total Return Percentile Rank As of 7/31/2026

10 Year: Top 5% in Morningstar Diversified Emerging Markets Category based on 540 funds.

5 Year: Top 16% in Morningstar Diversified Emerging Markets Category based on 642 funds.

1 Year: Top 61% in Morningstar Diversified Emerging Markets Category based on 726 funds.

To determine if the 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 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.

SYLD, FYLD, EYLD, MYLD, LYLD: There is no guarantee that a Fund will achieve its investment goal. Investing involves risk, including the possible loss of principal. High yielding stocks are often speculative, high-risk investments. The underlying holdings of the Funds may be leveraged, which will expose the holding to higher volatility and may accelerate the impact of any losses. These companies can be paying out more than they can support and may reduce their dividends or stop paying dividends at any time, which could have a material adverse effect on the stock price of these companies and the Fund’s performance. International investing may involve risk of capital loss from unfavorable fluctuations in currency values, from differences in generally accepted accounting principles, or from economic or political instability in other nations. Emerging markets involve heightened risks related to the same factors as well as increased volatility and lower trading volume. Investments in smaller companies typically exhibit higher volatility. Narrowly focused funds typically exhibit higher volatility.

© 2026 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.

Morningstar Ranking/Number of Funds in Category displays the Fund’s actual rank within its Morningstar Category based on average annual total return and number of funds in that Category. The return assumes reinvestment of dividends and do not reflect any applicable sales charge. Morningstar Percentile Rankings are the Fund’s total return rank relative to all funds in the same Morningstar category, where 1 is the highest percentile and 100 is the lowest percentile.

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