Cambria Tail Risk ETF (TAIL)

Assets	$151.67M
Expense Ratio	0.59%
PE Ratio	n/a
Shares Out	14.05M
Dividend (ttm)	$0.37
Dividend Yield	3.49%
Ex-Dividend Date	Mar 20, 2026
Payout Frequency	Quarterly
Payout Ratio	n/a

Volume	152,769
Open	10.73
Previous Close	10.73
Day's Range	10.70 - 10.73
52-Week Low	10.66
52-Week High	12.29
Beta	-0.34
Holdings	12
Inception Date	Apr 6, 2017

About TAIL

Fund Home Page

The Cambria Tail Risk ETF (TAIL) is an exchange-traded fund that mostly invests in target outcome asset allocation. The fund is an actively managed fund that holds mostly cash and treasuries while using the strategy of buying put options on the S&P 500 with the purpose of portfolio downside protection. TAIL was launched on Apr 6, 2017 and is issued by Cambria.

• Asset Class: Asset Allocation
• Category: Trading--Inverse Equity
• Region: North America
• Stock Exchange: BATS
• Ticker Symbol: TAIL
• ETF Provider: Cambria

Top 10 Holdings

111.54% of assets

Name	Symbol	Weight
United States Treasury Notes 4.25%	T.4.25 05.15.35	90.03%
Option on S&P 500 PR	n/a	4.81%
First American Treasury Obligations Fund Class X	FXFXX	4.21%
Option on S&P 500 PR	n/a	3.33%
Option on S&P 500 PR	n/a	2.40%
Option on S&P 500 PR	n/a	1.89%
Option on S&P 500 PR	n/a	1.89%
Option on S&P 500 PR	n/a	1.37%
OTHER ASSETS AND LIABILITIES	n/a	0.88%
Option on S&P 500 PR	n/a	0.72%

Dividend History

Ex-Dividend	Amount	Pay Date
Mar 20, 2026	$0.0774	Mar 23, 2026
Dec 18, 2025	$0.13905	Dec 19, 2025
Sep 18, 2025	$0.04764	Sep 19, 2025
Jun 18, 2025	$0.11006	Jun 20, 2025
Mar 20, 2025	$0.03416	Mar 21, 2025
Dec 20, 2024	$0.10539	Dec 30, 2024

Performance

TAIL had a total return of -8.96% in the past year, including dividends. Since the fund's inception, the average annual return has been -7.31%.