TRTY ISSUER
The Cambria Trinity ETF (TRTY) is managed by Cambria Investment Management, L.P. (Cambria), an experienced investment advisory firm. TRTY is designed to offer diversified exposure to major asset classes across global regions, countries, and sectors while aiming for positive returns with lower volatility compared to global equity markets. The fund primarily invests in affiliated and unaffiliated exchange-traded funds (ETFs) and other exchange-traded products (ETPs) that provide exposure to various asset classes and factors, including equity and fixed income securities, real estate, commodities, currencies, value, momentum, trend investing, shareholder yield, and managed futures strategies. Cambria actively manages the portfolio, targeting approximately 25% allocation to equity securities, 25% to fixed income securities, 35% to trend following strategies, and 10% to other asset classes. TRTY is a fund of funds that seeks to achieve its investment objective by investing in a diversified mix of underlying vehicles, and Cambria has the discretion to actively manage the portfolio to optimize returns and manage risk.
TRTY DIVIDEND
While the primary objective of the TRTY ETF (TRTY) is to provide diversified exposure to various asset classes and achieve absolute positive returns with lower volatility, it may also offer investors some dividend opportunities. TRTY typically invests in affiliated and unaffiliated exchange-traded funds (ETFs) and other exchange-traded products (ETPs) that provide exposure to different investment asset classes, including equities and fixed income securities. The dividend distribution within the ETF is influenced by the constituent ETFs' individual dividend policies and performances, making it a potential option for those seeking both capital appreciation and some dividend returns.
TRTY TRACKING
Tracking the Cambria Trinity ETF's strategy involves providing diversified exposure to major asset classes across different regions, countries, and sectors globally. This ETF aims to deliver absolute positive returns with lower volatility and risk compared to global equity markets. The fund primarily invests in affiliated and unaffiliated exchange-traded funds (ETFs) and other exchange-traded products (ETPs), known as Underlying Vehicles, to achieve its objectives. Under normal market conditions, approximately 80% of the Fund's assets are invested in Underlying Vehicles that cover various investment asset classes, including equity and fixed income securities, real estate, commodities, and currencies. The ETF employs quantitative screens to seek exposure to undervalued markets, utilizing metrics like the cyclically adjusted price-to-earnings ratio (CAPE Shiller P/E ratio), while avoiding overvalued markets. Additionally, the Cambria Trinity ETF includes exposure to momentum and trend following strategies based on quantitative and algorithmic models. These strategies aim to invest in assets on an uptrend and sell or short assets on a downtrend. The fund also incorporates shareholder yield and managed futures strategies, involving dividend investing and short sales, respectively. The ETF's investment adviser, Cambria Investment Management, L.P., allocates approximately 25% of the portfolio to equity securities, 25% to fixed income securities, 35% to trend following strategies, and 10% to other asset classes such as currencies and real assets. As of August 1, 2023, the fund invested in twenty-six Underlying Vehicles that provide exposure to these various asset classes and strategies.
TRTY CORRELATION
The correlation aspect of the Cambria Trinity ETF (TRTY) is known for its unique approach to achieving diversified exposure to various asset classes globally. TRTY aims to provide positive returns with lower volatility and risk compared to global equity markets by investing in affiliated and unaffiliated exchange-traded funds (ETFs) and other exchange-traded products (ETPs). Its correlation profile is influenced by its allocation of approximately 25% to equity securities, 25% to fixed income securities, 35% to trend following strategies, and 10% to other asset classes, including currencies and real assets. TRTY's correlation with different asset classes and sectors can vary based on its underlying investments, making it essential for investors to analyze its correlations for informed decision-making.
TRTY SECTOR
The TRTY Sector ETF aims to provide diversified exposure to major asset classes in various regions, countries, and sectors worldwide while delivering positive returns with lower volatility compared to global equity markets. This ETF primarily invests in affiliated and unaffiliated exchange-traded funds (ETFs) and other exchange-traded products (ETPs). The fund's allocation includes approximately 25% to equity securities, 25% to fixed income securities, 35% to trend following strategies, and 10% to other asset classes such as currencies and real assets like commodities, derivatives, and real estate. The TRTY Sector ETF is managed by Cambria Investment Management, L.P., which actively selects underlying vehicles to achieve its investment objectives. This approach offers investors a diverse and balanced approach to global investing across a wide range of asset classes and strategies.
TRTY EXPOSURE
The exposure characteristic of the TRTY ETF emphasizes a unique approach to global asset allocation. The fund is designed to provide diversified exposure to all major asset classes, including equity and fixed income securities, real estate, commodities, listed derivatives, and currencies, across various regions, countries, and sectors around the globe. TRTY aims to generate absolute positive returns while maintaining lower volatility and risk compared to global equity markets. Under normal market conditions, TRTY invests at least 80% of its total assets in affiliated and unaffiliated exchange-traded funds (ETFs) and other exchange-traded products (ETPs) that provide exposure to different investment asset classes and factors. These include value, momentum, trend investing, shareholder yield, and managed futures strategies, each with a systematic quantitative approach. The fund seeks to invest in undervalued markets while avoiding overvalued ones, making use of quantitative screens. Additionally, TRTY incorporates momentum and trend following strategies based on algorithmic models to identify assets with positive trends and to sell or short assets experiencing negative trends. Overall, TRTY offers a comprehensive and diversified approach to global investment exposure, making it a valuable tool for investors looking to access a wide range of asset classes and investment strategies. For a deeper understanding of TRTY''s exposure and to explore overlap, correlations, and more, investors can utilize the ETF Insider web app, which provides in-depth and insightful data for various US ETFs through its visualization tool.
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