TYLD Fees and Costs — Cambria Tactical Yield ETF
Data updated: 2026-09-28
The net expense ratio is 0.59%. There are no sales loads or redemption fees. Portfolio turnover was 0%.
TYLD Fees and Expenses
Annual operating expenses and sales charges of TYLD. Prospectus, as of April 30, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.59% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.00% |
| Gross expense ratio | 0.59% |
| Fee waiver | — |
| Net expense ratio | 0.59% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | No |
TYLD Costs Over Time
On $10,000 invested in TYLD, assuming 5% a year before costs, total costs come to $372 over 5 years, cutting the return by 0.62% a year. Illustration, not a forecast: it assumes today's net expense ratio throughout (a fee waiver may end).
| $10,000 invested | Sell after 1 year | Sell after 3 years | Sell after 5 years |
|---|---|---|---|
| Value before costs | $10,500 | $11,576 | $12,763 |
| Fund expenses (net expense ratio 0.59%) | $62 | $194 | $338 |
| Lost growth on money paid in costs | $0 | $10 | $34 |
| Total costs | $62 | $204 | $372 |
| Value after costs | $10,438 | $11,373 | $12,391 |
| Impact on return, per year | 0.62% | 0.62% | 0.62% |
TYLD Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending April 30, 2026.
- Explicit cost rate (commissions ÷ average net assets): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): $45.8M
- Portfolio turnover (prospectus): 0%
- Securities lending: none during the year
TYLD Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| PERSHING LLC | $18.9M | 41.32% |
| MERRILL LYNCH PIERCE FENNER & SMITH INCORPORATED | $9.3M | 20.23% |
| BARCLAYS CAPITAL INC. | $8.8M | 19.26% |
| NOMURA SECURITIES INTERNATIONAL INC. | $8.4M | 18.27% |
| STONEX FINANCIAL INC. | $224K | 0.49% |
| GOLDMAN SACHS & CO. LLC | $198K | 0.43% |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.