Cambria Tail Risk ETF

Cambria Tail Risk ETF is an actively managed exchange-traded fund designed to mitigate significant equity downside risk. Cambria Tail Risk ETF combines a core allocation to U.S. government bonds with a portfolio of out-of-the-money put options on the S&P 500 Index, creating a defensive structure intended to provide exposure to market protection during sharp selloffs. The fund’s current approach emphasizes risk mitigation through monthly option purchases, while intermediate-term Treasury holdings help support the portfolio’s structure and income profile. As a tail-risk strategy, Cambria Tail Risk ETF serves as a portfolio hedge for investors seeking exposure to a dedicated downside-protection tool within the broader U.S. market.