ENDW vs TUG

ENDWACambria Endowment Style ETF

TUGBSTF Tactical Growth 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.

TUG A trend-following read on the Nasdaq-100: STF's model watches moving averages and shifts the fund between big-tech equity, long-duration Treasuries and T-bills, so the risk-off decision is built into the machinery.

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.

TUG The Fund seeks long-term growth of capital.

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.

• TUG At 0.65% a year it undercuts the typical tactical allocation fund, where 0.95% sits in the middle of the pack.
• One clear job: the model reads trends in the Nasdaq-100 and dials between index equity, long-duration Treasuries and cash. No black-box asset soup.sec.gov
• Same engine as sibling TUGN, minus the overlay. TUGN layers on an options spread for income; TUG stays the straight growth version.sec.govsec.gov 2

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.

• TUG Small asset base and light trading volume. Spreads can widen, so your entry price can matter more than the fee.
• Trend models trade. The prospectus flags active and frequent trading, which brings turnover, tax friction and whipsaw risk in choppy markets.sec.gov
• The defensive sleeve leans on long-duration Treasuries, which swing with interest rates rather than parking flat like cash.sec.gov

Full ENDW profile⁠

Full TUG profile⁠