ENDW vs MATR

ENDWACambria Endowment Style ETF

MATRBHarbor Multi-Asset Explorer ETF

In short

ENDW The endowment playbook in one ticker: global stocks, bonds and real assets, actively steered by Cambria, with built-in leverage, for 0.22% a year. Endowment ambition without the endowment fee schedule.

MATR Harbor's in-house macro team reads the business cycle, then sets the mix of stock, bond, commodity and currency ETFs to match it. A tactical allocation fund for investors who want the regime call outsourced, priced near the middle of its category.

Stated mandate

ENDW ENDW seeks income and capital appreciation. It is actively managed to provide exposure to multiple major asset classes through underlying ETFs or individual equities.

MATR The Fund seeks long-term total return while limiting downside risk. Its allocation is driven by regime modeling across multiple asset categories, including real estate investment trusts and commodities.

Why people hold it

• ENDW 0.22% a year against a roughly 0.95% median for tactical allocation funds, and cheaper than the other standouts in the group such as ONOF (0.39%) and GMOD (0.50%).
• One ticker spans US, developed and emerging markets across equities, bonds and real assets, roughly 70 positions, with value and momentum screens applied on top.cambriafunds.com
• Capital efficient by design: the manager expects notional exposure of 100% to 150% of assets, using Treasury futures alongside the underlying ETF sleeves.usnews.combusinesswire.com
• Pays income quarterly, and on our review it sits among the strongest implementations in the tactical allocation group.

• MATR Growth, liquidity and inflation signals define the current business-cycle regime, and each regime maps to a distinct blend of equity, fixed income, commodity and currency funds.harborcapital.com
• Run in-house by Harbor's Multi-Asset Solutions Team, with a bottom-up research layer on top of the systematic model rather than a pure black box.harborcapital.com
• The prospectus pairs long-term total return with limiting downside risk, and reaches into corners a plain 60/40 skips: REITs, commodities, high yield, emerging markets.streetinsider.com
• At 0.80% a year, an actively managed tactical strategy priced essentially at the allocation-category median.

Worth knowing

• ENDW It owns other ETFs, which charge their own fees on top of the 0.22% management fee, so the all-in cost of ownership runs higher than the headline.cambriafunds.com
• Leverage works both ways. Notional exposure above 100% of assets magnifies moves in either direction, and Cambria itself calls the risk profile aggressive.businesswire.com
• Launched in 2025 and still modest in size, so the record is short and shares change hands less often than mainstream index funds.

• MATR Plain-vanilla allocation peers such as AOA and IRTR charge a fraction as much. The fee here buys the regime call, not the beta.
• A small fund that trades thinly, so spreads and limit orders matter more here than in the category's giants.
• Launched in 2023, so the regime model has a short live record, and results hinge on Harbor reading the cycle correctly.harborcapital.com

Full ENDW profile⁠

Full MATR profile⁠