TAX
Cambria Tax Aware ETF·NASDAQ
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Key Stats
Assets Under Management
23.72MUSD
Fund Flows (1Y)
-8.20MUSD
Dividend Yield
0.53%
Discount/Premium to NAV
-0.07%
Shares Outstanding
831.00K
Expense Ratio
0.49%
About Cambria Tax Aware ETF
Issuer
Empowered Funds, LLC
Brand
Cambria
Home Page
Inception Date
Dec 18, 2024
Structure
Open-Ended Fund
Index Tracked
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Management Style
Active
Dividend Treatment
Distributes
Distribution Tax Treatment
Qualified dividends
Income Tax Type
Capital Gains
Max ST Capital Gains Rate
39.60%
Max LT Capital Gains Rate
20.00%
Primary Advisor
Cambria Investment Management LP
Distributor
ALPS Distributors, Inc.
TAX is an actively managed ETF investing in US stocks with a market capitalization over $5 billion. The fund targets value stocks with lower dividend distributions, aiming to enhance after-tax returns. Utilizing a quantitative model, Cambria evaluates stocks using traditional value metrics, such as price-to-sales, price-to-earnings, and enterprise multiples. The fund avoids high dividend stocks to optimize after-tax returns, benefiting investors in higher tax brackets. Eligible stocks must satisfy certain market capitalization, sector concentration, and liquidity criteria, starting with the largest 1,000 US equities. Cambria compiles a portfolio of 50500 stocks showcasing the best blend of low dividend yield and value metrics, with holdings equal-weighted but adaptable to market changes. Stocks may be sold if deemed overvalued or if superior opportunities arise, with portfolio adjustments expected annually.
Classification
Asset Class
Equity
Category
Size and Style
Focus
Total Market
Niche
Broad-based
Strategy
Active
Geography
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Weighting Scheme
Proprietary
Selection Criteria
Proprietary
Returns
1-Month | 3-Month | YTD | 1-Year | 3-Year | 5-Year | |
|---|---|---|---|---|---|---|
Price Performance | +1.11% | +3.65% | +2.99% | +16.96% | +17.15% | +17.15% |
NAV Total Return | -2.32% | +2.86% | -0.67% | +13.65% | +0.02% | +0.02% |
Ratings
No data is currently available
Ainvest’s AI-powered ETF Scoring Algorithm, built to help retail investors make smarter, data-driven decisions. Leveraging deep learning, reinforcement learning, and large language models, the algorithm scores ETFs across five key dimensions: Fund Flow, Momentum, Safety, Fundamentals, and Performance. Each factor is weighted by its correlation to future returns, resulting in a single, actionable score. Backtested over five years with consistently strong predictive accuracy. Ainvest brings institutional-grade artificial intelligence to everyday investors—transforming complexity into clarity with every score.
Holdings Analysis
Sector
Industrials
21.60%
Healthcare
18.97%
Consumer Cyclical
15.57%
Technology
14.89%
Financial Services
10.04%
Communication Services
7.21%
Consumer Defensive
6.03%
Real Estate
2.83%
Basic Materials
1.97%
Industrials
21.60%
Healthcare
18.97%
Consumer Cyclical
15.57%
Technology
14.89%
Financial Services
10.04%
Communication Services
7.21%
Consumer Defensive
6.03%
Real Estate
2.83%
Basic Materials
1.97%
Show more
Asset
Region
98.61%
1.36%
0.03%
0.01%
Category
Ratio
North America
98.61%
Latin America
1.36%
Europe
0.03%
Asia
0.01%
Investment Style
No data is currently available
Top 10 Holdings
Symbol
Ratio
LBRDA
Liberty Broadband A
1.21%
CHTR
Charter
1.20%
DECK
Deckers Outdoor
1.14%
ZWS
Zurn Elkay Water
1.13%
MGM
Mgm Resorts International
1.12%
GTES
Gates Industrial
1.11%
BLDR
Builders Firstsource
1.08%
LLY
Eli Lilly
1.08%
ULTA
Ulta Beauty
1.08%
TMHC
Taylor Morrison Home
1.08%
Top 10 Weight 11.23%
102 Total Holdings
Is SPY better than TAX?
Dividends
Dividend Payout History
Declaration Date | Record Date | Payment Date | Amount |
|---|---|---|---|
| 2025-12-23 | 2025-12-23 | 2025-12-24 | 0.098 |
| 2024-12-30 | 2024-12-30 | 2024-12-31 | 0.057 |
How Much Does TAX Pay in Dividends?
Premium/Discount Chart
Assets Under Management
Should I buy TAX?
Fund Flows
