Cambria Tactical Yield ETF (TYLD)

The Cambria Tactical Yield ETF is an actively managed fund from Cambria Investment Management, the firm founded by Meb Faber and based in the Los Angeles area. The fund pursues income through a tactical, rules-informed approach to fixed-income investing.

The strategy can shift its allocation among segments of the bond market, such as Treasury and other government securities of varying maturities, depending on yield, trend and market conditions, and may move toward shorter-term holdings when conditions warrant.

The fund is intended as a flexible income allocation rather than a static bond index tracker.