FAIL vs. MAMB ETF Comparison

Comparison of Cambria Global Tail Risk ETF (FAIL) to Monarch Ambassador Income ETF (MAMB)

FAIL

Cambria Global Tail Risk ETF

FAIL Description

The Cambria Tail Risk ETF seeks to mitigate significant downside market risk. The Fund intends to invest in a portfolio of "out of the money" put options purchased on the U.S. stock market. TAIL strategy offers the potential advantage of buying more puts when volatility is low and fewer puts when volatility is high. While a portion of the fund's assets will be invested in the basket of long put option premiums, the majority of fund assets will be invested in intermediate term US Treasuries. As the fund is designed to be a hedge against market declines and rising volatility, Cambria expects the fund to produce negative returns in the most years with rising markets or declining volatility.

Grade (RS Rating)

Last Trade

$16.39

Average Daily Volume

744

Number of Holdings ^*

* may have additional holdings in another (foreign) market

MAMB

Monarch Ambassador Income ETF

MAMB Description

The investment seeks to replicate investment results that generally correspond, before fees and expenses, to the performance of the Kingsview Ambassador Income Index. The fund generally invests at least 80% of its total assets in the constituents of the index. The index is designed to measure the performance of an investable universe of fixed income securities of varying credit quality and duration, including corporate bonds, lower-quality bonds, known as "high yield" or "junk" bonds, treasury bonds, municipal bonds, mortgage backed securities and convertible bonds, that provide broad exposure to the U.S. and global bond market.

Grade (RS Rating)

Last Trade

$22.57

Average Daily Volume

23,931

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	FAIL	MAMB
30 Days	-0.97%	-0.83%
60 Days	-2.96%	-3.71%
90 Days	-2.64%	-2.46%
12 Months	-8.33%	5.79%

1 Overlapping Holdings

	Symbol	Grade	Weight in FAIL	Weight in MAMB	Overlap
	IEF	F	24.07%	19.99%	19.99%

FAIL Overweight 0 Positions Relative to MAMB

	Symbol	Grade	Weight

FAIL Underweight 4 Positions Relative to MAMB

Symbol	Grade	Weight
BAB	C	-12.59%
MBB	C	-12.56%
IAU	C	-11.81%
SHY	D	-5.04%

FAIL: Top Represented Industries & Keywords

Industries:

Keywords: Bloomberg Barclays Us Aggregate Bond Index Bond Bond Market ETF Exchange Traded Fund Government Bonds U.S. Government U.S. Treasury

MAMB: Top Represented Industries & Keywords

Industries: