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GAA

GradeBChicago Board Options Exchange

Cambria Global Asset Allocation ETF

Multi-Asset & Alternatives · Cambria Funds · Inception 2014-12-09 · SEC filings

$35.35−0.30 (−0.84%)

As of Sep 23, 2026, 3:15 PM EDT

Intraday session: down, 27 prints from 35.65 to 35.35. Range 35.22 to 35.65. Use the arrow keys to read each point.$35.20$35.6010 AM12 PM2 PM4 PM
Expense ratio
0.40%
Fund size
$77M
1Y return
+15.5%
Yield · Last 12 months
3.42%
Holdings
30
Volume · 30D
0M sh
NAV per share
$35.85
52W range
low $31.20high $36.53

The ETF.net GAA Grade

B

68/ 100

Rank 6 of 38 in Multi-Asset Allocation

Confidence High

Six-pillar profile for GAA. Scores out of 100: Cost 72, Risk 71, Mission 85, Tradability 31, Holdings 75, Durability 63. Strongest: Mission (85). Weakest: Tradability (31). Leans toward Mission.
F< 25
D≥ 25
C≥ 40
B≥ 55
A≥ 70

Score 68 of 100 sits in the B band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.

  • Cost

    What you pay to own it — the expense ratio plus trading frictions, ranked within its category.
    AScore 72
    Category rank11/38 · top 29%
  • Mission

    How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.
    AScore 85
    Category rank6/30 · top 20%
  • Risk

    How violently it can move — volatility, drawdown depth, and downside capture versus its category.
    AScore 71
    Category rank5/36 · top 14%
  • Tradability

    How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.
    DScore 31
    Category rank26/38 · mid-pack
  • Holdings

    What it actually owns — the quality, breadth, and concentration of the underlying portfolio.
    AScore 75
    Category rank10/34 · top 29%
  • Durability

    Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.
    BScore 63
    Category rank16/38 · top 42%

Graded as of Sep 22, 2026

Our read on GAA

ETF.net Research

BMeb Faber's answer to the US-heavy 60/40: one ticker holding about 30 ETFs across global stocks, bonds, real estate, commodities and currencies. Cambria's management fee on the wrapper is 0.00%; you pay the underlying funds.

Stated mandate

The Fund seeks to preserve and grow capital through a diversified portfolio spanning global stocks, bonds, commodities, and currencies. It uses a quantitative, buy-and-hold approach across global asset classes, including value and momentum exposures.

Why people hold it

  1. 01Cambria takes a 0.00% management fee at the fund level. The roughly 0.40% you pay is the underlying ETFs' own fees, about half the typical allocation fund's expense ratio.sec.gov
  2. 02One trade, a global market portfolio: about 30 underlying funds spanning worldwide stocks, bonds, real estate, commodities and currencies.prnewswire.com
  3. 03Value and momentum tilts are built into the mix, so it leans toward cheap and trending assets rather than a plain cap-weighted blend.
  4. 04Live since 2014, paying quarterly, and it sits in the upper tier of the allocation funds we grade.

Worth knowing

  1. 01Thinly traded next to the big allocation names, so spreads can run wider and larger orders may take patience.
  2. 02The 0.00% headline covers the wrapper only. The real cost sits inside the holdings, some of which are Cambria's own ETFs.sec.gov
  3. 03Owning the whole world means far less US stock than a home-market 60/40, so the ride can look nothing like the S&P 500 for long stretches.prnewswire.com

GAA Holdings

As of Sep 20, 2026, 6:38 AM
Asset class
Stocks
Holdings
30
Top-10 weight
58%
Largest holding
EYLD10.9%

Sectors

  • Financials19.7%
  • Real Estate12.9%
  • Energy12.2%
  • Industrials11.1%
  • Technology10.1%
  • Materials8.8%
  • Consumer Discr.8.5%
  • Health Care5.4%
  • Communication4.5%
  • Cons. Staples3.9%
  • Utilities3.2%

Geography

  • United States100.00%
The fund’s holdings, weight-ordered — page 1 of 3.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001EYLDCambria Emerging Shareholder Yield ETF10.89%172,757$8M5
002FYLDCambria Foreign Shareholder Yield ETF7.31%139,149$6M5
003GVALCambria Global Value ETF7.25%144,409$6M4
004BLDGCambria Global Real Estate ETF6.14%185,524$5M3
005TYLDCambria Tactical Yield ETF4.91%149,235$4M2
006SYLDCambria Shareholder Yield ETF4.40%40,469$3M3
007SDCIUSCF SummerHaven Dynamic Commodity Strategy No K-1 Fund4.39%107,021$3M1
008CERYState Street SPDR Bloomberg Enhanced Roll Yield Commodity Strategy No K-1 ETF4.29%82,851$3M7
009VAMOCambria Value and Momentum ETF3.99%85,115$3M3
010QMOMAlpha Architect US Quantitative Momentum ETF3.99%42,237$3M2
011BNDXVanguard Total International Bond ETF3.93%64,303$3M4
012HYEMVanEck Emerging Markets High Yield Bond ETF3.37%130,989$3M3
013BNDVanguard Total Bond Market ETF3.23%34,841$2M7
014BARGraniteshares Gold Trust3.23%57,569$2M6
015JPMBJPMorgan USD Emerging Markets Sovereign Bond ETF2.55%50,272$2M3

Showing 1–15 of 31 holdings

GAA Performance

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

GAA$11,548
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,723
Sep 22, 2025 to Sep 22, 2026. GAA $11,548. SPY $11,723. Use the arrow keys to read each point.$9,353$10,646$11,940Sep 2025Mar 2026Sep 2026

Sep 22, 2025 – Sep 22, 2026

Returns run to the Sep 22, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.

Trailing total return for GAA. Periods over one year show the average yearly return.
PeriodGAA
Year to date+11.3%
1 month−1.4%
3 months+1.7%
1 year+15.5%
3 years+14.4%per year
5 years+7.2%per year
10 years+7.4%per year

As of the close, with distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for GAA
YearReturn barGAA
2026 YTD+11.3%
2025+18.8%
2024+6.6%
2023+7.7%
2022−8.4%
2021+11.2%
2020+9.1%

GAA in the news

ETF.net Research hasn’t filed on GAA yet — coverage lands here as it’s written.

GAA Dividends

Adds up every distribution paid per share over the last 12 months, divided by the last completed close. Distributions are counted by ex-date. Data through Sep 22, 2026.
3.42%Last 12 months
Payout per share
$1.22Last 12 months
Last payment
$0.20 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Quarterly

Distribution history

2017–2026

One bar per payment. 38 payments from 2017 to 2026 YTD. Mar 29, 2017 $0.07; Jun 28, 2017 $0.19; Sep 27, 2017 $0.16; Dec 28, 2017 $0.23; Mar 29, 2018 $0.08; Jun 28, 2018 $0.18; Sep 27, 2018 $0.17; Dec 27, 2018 $0.31; Mar 29, 2019 $0.11; Jun 28, 2019 $0.16; Sep 27, 2019 $0.24; Dec 27, 2019 $0.40; Mar 27, 2020 $0.15; Jun 26, 2020 $0.27; Sep 25, 2020 $0.20; Dec 24, 2020 $0.18; Mar 26, 2021 $0.07; Jun 25, 2021 $0.18; Sep 24, 2021 $0.41; Dec 23, 2021 $0.64; Mar 28, 2022 $0.73; Jun 24, 2022 $0.15; Sep 23, 2022 $0.34; Dec 23, 2022 $0.41; Mar 27, 2023 $0.33; Jun 23, 2023 $0.33; Sep 22, 2023 $0.13; Dec 22, 2023 $0.26; Mar 22, 2024 $0.33; Jun 24, 2024 $0.23; Sep 23, 2024 $0.51; Dec 23, 2024 $0.04; Mar 25, 2025 $0.43; Jun 24, 2025 $0.25; Sep 23, 2025 $0.29; Dec 23, 2025 $0.41; Mar 25, 2026 $0.32; Jun 23, 2026 $0.20. Use the arrow keys to read each point.2017201820192020202120222023202420252026YTD
Ex-datePay dateAmount per share
Jun 23, 2026Jun 24, 2026$0.20
Mar 25, 2026Mar 26, 2026$0.32
Dec 23, 2025Dec 24, 2025$0.41
Sep 23, 2025Sep 24, 2025$0.29
Jun 24, 2025Jun 25, 2025$0.25
Mar 25, 2025Mar 26, 2025$0.43
Dec 23, 2024Jan 2, 2025$0.04
Sep 23, 2024Oct 2, 2024$0.51
Jun 24, 2024Jul 3, 2024$0.23
Mar 22, 2024Apr 3, 2024$0.33
Dec 22, 2023Jan 5, 2024$0.26
Sep 22, 2023Oct 5, 2023$0.13

GAA Risk

How much the fund’s monthly returns vary, scaled to a year.
8.2%
Annualised · 36 months to Aug 2026
How it’s calculated: standard deviation

The sample standard deviation of monthly total returns, multiplied by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.

Return above 3-month US Treasury bills per unit of volatility.
1.15
vs 3-month T-bills · to Aug 2026
How it’s calculated: Sharpe ratio

Subtract each month’s Treasury-bill return from the fund’s monthly total return.

Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.

The largest fall from a peak to the low that followed.
−18.4%
Trough Sep 2022
How it’s calculated: maximum drawdown

The largest percentage decline from an earlier peak, using total returns with reinvested distributions.

Uses up to five years through the last close, with at least 12 months required.

How strongly the fund’s returns move with its asset-class index.
0.76
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

GAA Cost

Expense ratio0.40%
  • The middle half of Multi-Asset Allocation funds
  • Median 0.58%

10 of the 37 Multi-Asset Allocation funds charge less.

GAA costs $40.00 a year on $10,000. The median Multi-Asset Allocation fund costs $58.00.