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Launched · SEC filings

Cambria Value and Momentum ETF

VAMOCboeCambria FundsC

$36.06−0.25 (−0.70%)

As of Nov 2, 2026, 3:58 PM ET

C44/ 100

Rank 6 of 8 in US Active Contrarian Value

C44/100Rank 6 of 8inUS Active Contrarian Value
Intraday session: down, 73 prints from 36.31 to 36.06. Range 36.06 to 36.46. Use the arrow keys to read each point.36.2036.4010 AM12 PM2 PM4 PM
Expense ratio
0.65%
Fund size
$88M
1Y total return
+11.7%
Yield · Last 12 months
0.65%
Holdings
103
Avg volume · 30D
13.5K sh
52W range
low $32.01high $37.54
Launched
Filings
SEC EDGAR

The ETF.net VAMO Grade

Based on 4 of 6 pillars

C

Score 44 out of 100

Category
US Active Contrarian Value⁠
Rank
6 of 8
Six-pillar profile for VAMO. Scores out of 100: Cost 33, Risk 57, Mission not scored, Tradability 55, Holdings not scored, Durability 48. Strongest: Risk (57). Weakest: Cost (33). Based on 4 of 6 pillars.

Score 44 of 100 falls in the C band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.

  • Cost

    The fund’s net expense ratio, ranked against its category.
    D33 out of 100
    Rank 6 of 8

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    Not scored

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    B57 out of 100
    Rank 5 of 8

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    B55 out of 100
    Rank 4 of 8

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    Not scored

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    C48 out of 100
    Rank 7 of 8

Our read on VAMO

ETF.net Research

In short

CMost value funds just ride out the storm. VAMO owns roughly 100 cheap US stocks, then can short stock index futures to hedge up to 100% of that book when its model reads the market as overvalued or downtrending.

Stated mandate

The Fund seeks income and capital appreciation through investments in the U.S. equity market. It normally invests at least 80% of net assets in U.S.-listed equities deemed undervalued using valuation measures such as CAPE.

Why people hold it

  • The hedge is the product: up to 100% of the long portfolio can be offset with index futures when Cambria's valuation and trend models turn unfavorable.cambriafunds.com
  • Stock picking is rules-based, not vibes. Undervalued US names screened on measures like the cyclically adjusted P/E, with no sector above 25% of the fund.sec.gov
  • Live since 2015 from Meb Faber's Cambria, a rare ETF that bolts an outright short overlay onto a value screen. Income is part of the mandate; it pays quarterly.cambriafunds.com
  • Risk metrics screen better than most active US equity funds in its peer group, which is what you would expect from a portfolio that can turn its market exposure off.

Worth knowing

  • 0.65% a year sits right at the median for active US equity funds, but core factor rivals like DFAU (0.12%) and AVLC (0.15%) charge a fraction of that.
  • Shorting carries its own bill: borrowing and short dividend costs fall outside the management fee, and a hedge that is on during a rally works against the longs.sec.govcambriafunds.com
  • A small fund that trades thinly, so spreads matter more here than with a mega-cap index fund.

VAMO Holdings

Asset class
Stocks
Holdings
103
Top-10 weight
33%
Largest holding
Cash & Other10.0%

Sectors

  • Energy23.1%
  • Financials22.9%
  • Consumer Discretionary15.0%
  • Health Care12.6%
  • Industrials8.4%
  • Technology6.0%
  • Materials4.9%
  • Consumer Staples4.2%
  • Communication2.1%
  • Utilities0.8%

Geography

  • United States99.05%
  • Switzerland0.83%
  • Canada0.12%
The fund’s holdings, weight-ordered — page 1 of 7.
#TickerCompanyWeight %SharesMarket valueHeld by ETFs
1No dataCash & Other10.01%5,005,942$5.01M609
2No dataFirst American Treasury Obligations Fund 01/01/20407.61%3,806,428$3.81M10
3AMNAMN Healthcare Services Inc2.02%21,435$1.01M128
4KSSKohl's Corp1.98%40,662$988K128
5APAAPA Corp1.87%17,711$935K297
6OVVOvintiv Inc1.85%12,771$927K198
7SLDESlide Insurance Holdings Inc1.85%33,288$923K92
8HCSGHealthcare Services Group Inc1.84%37,623$923K127
9PRPermian Resources Corp1.83%35,168$915K217
10OISOil States International Inc1.81%94,348$906K68
11PTENPatterson-UTI Energy Inc1.80%67,523$899K149
12EXELExelixis Inc1.80%12,953$899K251
13MURMurphy Oil Corp1.78%20,261$890K159
14MDPediatrix Medical Group Inc1.77%29,675$885K131
15CHRDChord Energy Corp1.76%5,596$879K203

Showing 1–15 of 103 holdings

VAMO Performance

Launched Sep 8, 2015

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

VAMO$11,172
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,199
Oct 31, 2025 to Oct 30, 2026. VAMO $11,172. SPY $11,199. Use the arrow keys to read each point.$10,000$11,000Oct 2025Apr 2026Oct 2026

Oct 31, 2025 – Oct 30, 2026

Returns run to the Oct 30, 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 VAMO. Periods over one year show the average yearly return.
PeriodVAMO
Year to date+6.9%
1 month+4.2%
3 months−0.6%
1 year+11.7%
3 yearsper year+12.9%
5 yearsper year+8.9%
10 yearsper year+6.1%

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 VAMO
YearReturn barVAMO
2026 YTD+6.9%
2025+16.5%
2024+6.1%
2023+5.6%
2022+8.6%
2021+32.1%
2020−4.9%

VAMO in the news

VAMO 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 Oct 30, 2026.
0.65%Last 12 months
Payout per share
$0.24Last 12 months
Last payment
$0.08 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. 39 payments from 2017 to 2026 YTD. Mar 28, 2017 $0.02; Jun 27, 2017 $0.02; Sep 26, 2017 $0.02; Dec 27, 2017 $0.03; Mar 28, 2018 $0.04; Jun 27, 2018 $0.07; Sep 26, 2018 $0.04; Dec 26, 2018 $0.07; Mar 28, 2019 $0.06; Jun 27, 2019 $0.07; Sep 26, 2019 $0.06; Dec 26, 2019 $0.05; Mar 26, 2020 $0.02; Jun 25, 2020 $0.10; Sep 24, 2020 $0.02; Dec 23, 2020 $0.07; Mar 25, 2021 $0.02; Jun 24, 2021 $0.06; Sep 23, 2021 $0.03; Dec 22, 2021 $0.16; Mar 24, 2022 $0.01; Jun 23, 2022 $0.07; Sep 22, 2022 $0.07; Dec 22, 2022 $0.15; Mar 23, 2023 $0.18; Jun 22, 2023 $0.10; Sep 21, 2023 $0.03; Dec 14, 2023 $0.07; Mar 21, 2024 $0.06; Jun 21, 2024 $0.09; Sep 20, 2024 $0.05; Dec 20, 2024 $0.05; Mar 20, 2025 $0.32; Jun 18, 2025 $0.05; Sep 18, 2025 $0.06; Dec 18, 2025 $0.05; Mar 20, 2026 $0.07; Jun 18, 2026 $0.05; Sep 18, 2026 $0.08. Use the arrow keys to read each point.2017201820192020202120222023202420252026YTD
Ex-datePay dateAmount per share
Sep 18, 2026Sep 21, 2026$0.08
Jun 18, 2026Jun 22, 2026$0.05
Mar 20, 2026Mar 23, 2026$0.07
Dec 18, 2025Dec 19, 2025$0.05
Sep 18, 2025Sep 19, 2025$0.06
Jun 18, 2025Jun 20, 2025$0.05
Mar 20, 2025Mar 21, 2025$0.32
Dec 20, 2024Dec 30, 2024$0.05
Sep 20, 2024Sep 30, 2024$0.05
Jun 21, 2024Jul 1, 2024$0.09
Mar 21, 2024Apr 1, 2024$0.06
Dec 14, 2023Dec 26, 2023$0.07

See all 44 payments⁠

$10,000 in VAMO 10 years ago paid $1,190 in dividends.⁠

VAMO Risk

Risk pillarB57 out of 100Rank 5 of 8 in US Active Contrarian Value
How much the fund’s monthly returns vary, scaled to a year.
12.8%
Annualised · 36 months to Oct 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.
0.67
vs 3-month T-bills · to Oct 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.
−17.2%
Trough May 2023
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.
0.32
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.

FMP measures it over up to five years of monthly returns.

VAMO Cost

Compare VAMO and DFAL

Overpaying vs DFAL, cheapest in US Active Contrarian Value

$10,197

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • VAMO 0.65%

    $12,717

  • DFAL 0.12% Cheapest

    $2,520

$10,000
30 years

Cost over time

  • VAMO 0.65%
  • DFAL 0.12%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K051015202530VAMO $12,717DFAL $2,520

Year by year

YearVAMODFALOverpaying
10$1,163$220$943
20$4,440$859$3,581
30$12,717$2,520$10,197

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