Cambria Chesapeake Pure Trend ETF (MFUT)

The Cambria Chesapeake Pure Trend ETF is an actively managed fund from Cambria Investment Management, the Los Angeles-area firm founded by Meb Faber, with Chesapeake Capital serving as subadviser. Chesapeake, founded by trend-following pioneer Jerry Parker, is known for systematic managed futures strategies.

The fund pursues a pure trend-following approach, using futures contracts across asset classes such as equity indexes, interest rates, currencies and commodities. Its systematic models take long positions in markets that are trending upward and short positions in those trending downward, aiming to deliver returns that are largely independent of traditional stock and bond markets.