Low cost, diversified exposure to U.S. equities

Cambria Investment Management, a leader in quantitative, systematic investment solutions, in partnership with ETF Architect, today announced the launch and commencement of trading of the Cambria US EW ETF (USEW) on NASDAQ.

USEW offers investors diversified exposure to U.S. equities. By avoiding traditional market-capitalization weighting, which can result in overconcentration in the largest and often most expensive companies, the fund takes a balanced approach designed to reduce concentration risk and enhance diversification across the U.S. market. USEW is offered with an expense ratio of 0.25%.

“USEW offers investors a cost-efficient way to gain broad exposure to U.S. equities, with a portfolio construction that moves beyond traditional market-cap weighting,” said Meb Faber, founder and chief investment officer of Cambria.

The launch of USEW expands Cambria’s growing lineup of ETFs designed to deliver quantitative, systematic solutions that meet the evolving needs of investors. USEW launched with $185.8 million in AUM and it joins the Cambria Tax Aware ETF (TAX), the Cambria Endowment Style ETF (ENDW), and the Cambria Global EW ETF (GEW) as the fourth Cambria ETF to debut following the successful completion of one-time 351 ETF Exchange windows. These windows enable investors to contribute highly appreciated securities before launch in exchange for ETF shares, without triggering immediate capital gains taxes as long as special rules and diversification requirements are met.

With the addition of USEW, Cambria now manages 20 ETFs with over $3.3 billion in assets under management.

About Cambria

Cambria Investment Management, LP ("Cambria" or the "Company") is a registered investment advisor that was formed in 2006. Cambria is an independent, privately owned investment advisory firm focused on quantitative asset management and alternative investments. The Company's mission is to preserve and grow capital by producing above-average absolute returns with low correlation to traditional assets and manageable risk. Cambria investment portfolios and ETFs cover equity-focused strategies, global asset allocation, tail risk, hedged equity, and thematic strategies. The firm manages 20 different ETFs and had over $3.3 billion in assets under management as of 12/12/2025: Cambria Shareholder Yield ETF (SYLD), Cambria Foreign Shareholder Yield ETF (FYLD), Cambria Global Value ETF (GVAL), Cambria Global Momentum ETF (GMOM), Cambria Global Asset Allocation ETF (GAA), Cambria Emerging Shareholder Yield ETF (EYLD), Cambria Value and Momentum ETF (VAMO), Cambria Tail Risk ETF (TAIL), Cambria Trinity ETF (TRTY), Cambria Cannabis ETF (TOKE), Cambria Global Real Estate ETF (BLDG), Cambria Micro and Small Cap Shareholder Yield ETF (MYLD), Cambria Tactical Yield ETF (TYLD), Cambria Chesapeake Pure Trend ETF (MFUT), Cambria Large Cap Shareholder Yield ETF (LYLD), Cambria Tax Aware ETF (TAX), Cambria Fixed Income Trend ETF (CFIT), Cambria Endowment Style ETF (ENDW), Cambria Global EW ETF (GEW), and Cambria US EW ETF (USEW).

About ETF Architect

ETF Architect is on a mission to help ETF sponsors win by delivering an affordable, easy-to-use, and transparent solution. Via their EA Series Trust, the firm partners with fund managers (hedge, mutual, SMA), registered investment advisors (RIAs), and family offices who want to leverage the material tax and operational efficiencies of the ETF structure. The firm currently manages over $24 billion in assets across 92 different ETFs.

To determine if this Fund is an appropriate investment for you, carefully consider the Fund's investment objectives, risk factors, charges and expense before investing. This and other information can be found in the Fund's full or summary prospectus which may be obtained by calling 855-383-4636 (ETF INFO) or visiting our website at www.cambriafunds.com. Read the prospectus carefully before investing or sending money.

The Cambria ETFs are distributed by ALPS Distributors Inc., 1290 Broadway, Suite 1000, Denver, CO 80203, which is not affiliated with Cambria Investment Management, LP, the Investment Adviser for the Fund.

The Cambria ETFs are distributed by ALPS Distributors Inc., 1290 Broadway, Suite 1000, Denver, CO 80203, which is not affiliated with Cambria Investment Management, LP, the Investment Adviser for the Fund.

Investing involves risk, including potential loss of capital.

USEW: There is no guarantee that a Fund will achieve its investment goal. Investing involves risk, including the possible loss of principal. The Fund seeks to provide diversified exposure to equity securities by employing an approach that avoids traditional market-capitalization weighting. This approach may also lead to greater exposure to smaller companies, which typically exhibit higher volatility and may be less liquid than larger companies. The fund may experience higher portfolio turnover and higher transaction costs than funds with strict market-cap-weighted methodologies. The underlying holdings of the Fund may be leveraged, which will expose the holding to higher volatility and may accelerate the impact of any losses. Narrowly focused funds typically exhibit higher volatility.

There is no guarantee dividends will be paid. Diversification may not protect against market loss.

USEW is actively managed.

USEW is new and has limited operating history.

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“USEW offers investors a cost-efficient way to gain broad exposure to U.S. equities, with a portfolio construction that moves beyond traditional market-cap weighting,” said Meb Faber, founder and chief investment officer of Cambria.