Cambria Chesapeake Pure Trend ETF (MFUT)

Overview

The fund operates as an actively managed Exchange-Traded Fund (ETF) with a strategic focus on tapping into market trends across multiple asset classes globally. By employing a trend following program, it aims to meet its investment goals through strategic investments in a blend of futures contracts, futures-related instruments such as forwards, and spot contracts. This strategy encompasses a broad spectrum of assets, including equities, fixed income, currencies, and commodities. It is notable that the fund is non-diversified, which implies a concentrated approach to investment selections within its chosen market segments.

Products and Services

• Futures Contracts

  As part of its trend following strategy, the fund invests in futures contracts which are agreements to buy or sell a particular asset or an underlying commodity at a future date and price. This investment tool is used to hedge against price movements or speculate on future price directions of different asset classes, including equities, fixed income, currencies, and commodities.

• Futures-Related Instruments (Forwards)

  To complement its investment strategy, the fund also invests in futures-related instruments, such as forwards. Forwards are similar to futures contracts but are privately negotiated and not traded on an exchange, providing the fund with flexibility to tailor contracts to specific investment needs and objectives. This flexibility aids in the precise targeting of investment strategies across the span of global markets.

• Spot Contracts

  Spot contracts allow the fund to purchase or sell an asset or commodity for immediate delivery, rather than at a future date. This type of investment is instrumental in the fund's capacity to quickly capitalize on direct price movements in various markets, facilitating immediate engagement with equity, fixed income, currency, and commodity assets as dictated by its trend following strategy.