ETF Evaluator:
Cambria Endowment Style ETF ()
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(as of Aug 26)
Best Performing in Tactical Allocation Over the Last Year
| 31.2% | Relative Sentiment Tactical Allc ETF (MOOD) |
| 27.5% | RH Tactical Rotation ETF (RHRX) |
| 25.2% | Cambria Global Momentum ETF (GMOM) |
| 24.3% | STF Tactical Growth ETF (TUG) |
| 23.1% | Alexis Practical Tactical ETF (LEXI) |
Risk
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Risk
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ETF Details
Cambria Endowment Style ETF Overview
Cambria Endowment Style ETF (ENDW) is an actively managed Allocation Tactical Allocation exchange-traded fund (ETF). Cambria launched the ETF in 2025.
The investment seeks income and capital appreciation.
The fund is actively managed and is designed to provide exposure to multiple major asset classes (e.g., equities, fixed income, and real assets and alternatives) in U.S., foreign developed, and emerging markets. Under normal market conditions, the Advisor expects to have notional exposure of between 100% and 150% of its total assets in futures contracts on U.S. Treasury instruments and in underlying ETFs that provide exposure to various investment asset classes and factors.
About Cambria Endowment Style ETF (ENDW)
There are 2 members of the management team with an average tenure of 1.31 years: Mebane Faber (2025) and Jonathan Keetz (2025). Management tenure is more important for actively managed ETFs than passive index ETFs.
Cambria Endowment Style ETF has 75 securities in its portfolio. The top 10 holdings constitute 92.5% of the ETF’s assets. The ETF meets the SEC requirement of being classified as a diversified fund. The ETF is not considered to have an ESG focus with its investment selection and management.
Cambria Endowment Style ETF is part of the Allocation global asset class and is within the Allocation ETF group. Cambria Endowment Style ETF has 10.6% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 43.7% There is 34.4% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is -4.0% (19.7% domestic bond, -23.8% foreign bond and 0.0% convertible bond). Cambria Endowment Style ETF has 14.2% of the portfolio in cash.
Assets Under Management
The fund has $149 million in total assets, which is above the $144 million average for the Tactical Allocation category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
ENDW Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The Cambria Endowment Style ETF expense ratio is below average compared to funds in the Tactical Allocation category. Cambria Endowment Style ETF has an expense ratio of 0.22%, which is 77% lower than its category average, making the fund expense ratio grade a A. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. Cambria Endowment Style ETF has a portfolio turnover rate of 0%, which indicates that it holds its assets around /years. By way of comparison, the average portfolio turnover is 261% for the Tactical Allocation category.
Recently, in the month of July 2026, Cambria Endowment Style ETF returned 2.3%, which earned it a grade of A, as the Tactical Allocation category had an average return of -1.4%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all ETFs in that category.
Cambria Endowment Style ETF has a trailing yield of 2.44%, which is above the 2.15% category average.
The fund normally distributes its income quarterly and its capital gains annually.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
Cambria Endowment Style ETF Grades
Year to date, the ETF has returned 11.6%, 4.1 percentage points better than the category, which translates into a grade of B. The fund has returned 22.6% over the past year (grade of A).
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ENDW Trailing NAV Total Returns Data as of 7/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| ENDW Return (NAV) | 2.3% | 1.9% | 22.6% | na | na | na |
| ENDW Return (Price) | 2.4% | 1.9% | 22.7% | na | na | na |
| NAV +/- Price Return | -0.085% | -0.023% | -0.079% | na | na | na |
| Tactical Allocation Avg | -1.4% | 1.6% | 15.9% | 10.6% | 5.4% | 7.4% |
| ENDW Grade (NAV) | A | C | A | na | na | na |
| +/- Category (NAV) | 3.7% | 0.3% | 6.7% | na | na | na |
| ENDW Tax-Cost Ratio | na | na | 1.1% | na | na | na |
ENDW Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| ENDW Return (NAV) | 11.6% | na | na | na | na | na | na | na | na | na | na |
| ENDW Return (Price) | 11.7% | na | na | na | na | na | na | na | na | na | na |
| NAV +/- Price Ret | 0.008% | na | na | na | na | na | na | na | na | na | na |
| Tactical Allocation Avg | 7.5% | 12.7% | 11.7% | 10.7% | -13.3% | 16.9% | 7.5% | 14.0% | -6.3% | 19.2% | 7.1% |
| ENDW Grade (NAV) | B | na | na | na | na | na | na | na | na | na | na |
| +/- Category | 4.1% | na | na | na | na | na | na | na | na | na | na |
| Risk Measures | |
| Beta: | na |
| R-Squared: | na |
| Standard Deviation: | na |
| Category Risk Index: | na |
| Category Risk Rating: | |
| Total Risk Index: | na |
| Total Risk Rating: | |
| Portfolio Characteristics | |
| Yield: | 2.4% |
| Total Assets: | $ 150 Mil |
| Share Class Assets: | $ 150 Mil |
| Turnover: | na |
| Expense Ratio: | 0.22% |
| Index Fund: | No |
| Index Tracked: | N/A |
| Index Weighting: | 100% |
| Leveraged: | No |
| Socially Responsible Fund: | No |
| Capital Gains Distribution Frequency: | Annually |
| Income Distribution Frequency: | Quarterly |
Management Team
| Number of Managers: 2 | |||
| Longest Tenure: 1.3 years | |||
| Average Tenure: 1.3 years | |||
| Managers (Year): Faber Mebane (2025), Keetz Jonathan (2025) | |||
Portfolio Composition (as of 7/31/26)
| # of Holdings: | 75 |
| % in Top 10 Holdings: | 92.5% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 10.6% |
Portfolio Allocation |
|
| Domestic Stock: | 43.7% |
| Foreign Stock: | 34.4% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 19.7% |
| Foreign Bond: | -23.8% |
| Convertible Bond: | 0.0% |
| Other: | 11.8% |
| Cash: | 14.2% |
Purchase Information
| Legal Structure: | Open Ended Investment Company |
| Fund Family: | Cambria |
| Phone Number: | 215-330-4476 |
| Website: | www.valueshares.com |
| Inception Date: | April 9, 2025 |
Expenses and Fees
| Expense Ratio (%): | 0.22% (Rating: Below Avg) |
| Category Average Expense Ratio (%): | 0.97% |
