ETF Spotlight on the Cambria Foreign Shareholder Yield ETF (NYSEArca: FYLD), part of an ongoing series.
Assets: $55.5 million
Objective: The Cambria Foreign Shareholder Yield ETF tries to reflect the performance of the Cambria Foreign Shareholder Yield Index, which is comprised of foreign developed stocks with high cash distribution characteristics.
Holdings: Top holdings include Centerra Gold 1.5%, Cairo Communications 1.4%, Aurico Gold 1.4%, HomeServe 1.3% and Carillion 1.2%.
What You Should Know:
- Cambria Funds sponsors the fund.
- FYLD has a 0.59% expense ratio.
- The ETF started trading Dec. 3, 2013.
- The fund has 101 components, and the top ten holdings make up 12.7% of the overall portfolio.
- Sector allocations include basic materials 10.2%, consumer cyclical 12.9%, financials 17.2%, real estate 1.3%, telecom services 5.9%, energy 9.3%, industrials 24.4%, tech 4.9%, consumer defensive 8.5%, healthcare 2.4% and utilities 3.1%.
- Country allocations as of the inception include Canada 18%, Japan 18%, Australia 14%, U.K. 10%, Germany 6%, Sweden 5%, France 4%, Norway 4%, Israel 3% and the Netherlands 3%.
- Asset allocations include mega-cap 10.7%, large-cap 18.6%, mid-cap 37.8%, small-cap 32.1% and micro-cap 0.9%.
- The portfolio has a dividend yield of 4.24%.
- FYLD is up 2.8% over the past month, but it is down 0.5% year-to-date.
- Cambria selects the components based on cash dividend payments, share repurchases and low financial leverage.
- Additionally, Cambria employs a momentum and trend indicator in selecting stocks for its index.
- The underlying index is also equally weighted.
Next page: The latest news
The Latest News:
- The European Commission expects that the 18-member Eurozone bloc will expand an upwardly revised 1.2% this year and grow 1.8% in 2015, reports Bryan McManus for AFP.
- The full 28-member EU will grow 1.5% this year and 2.0% next year.
- “Recovery is gaining ground in Europe,” EU Economic Affairs Commissioner Olli Rehn. “The worst of the crisis may now be behind us but this is not an invitation to be complacent as the recovery is still modest.”
- The overall tone remains optimistic as market observers point to continued global growth.
- “As long as the news flow remains reasonable, we will break through new highs for global shares,” Shane Oliver, head of investment strategy at AMP Capital Investors Ltd., said in a Bloomberg article. “The global economy looks OK. For the time being we’re still going to see more upside.”
Cambria Foreign Shareholder Yield ETF
For past stories in this series, visit our ETF Spotlight category.
Max Chen contributed to this article.