FAIL vs. JOJO ETF Comparison

Comparison of Cambria Global Tail Risk ETF (FAIL) to ATAC Credit Rotation ETF (JOJO)

FAIL

Cambria Global Tail Risk ETF

FAIL Description

The Cambria Tail Risk ETF seeks to mitigate significant downside market risk. The Fund intends to invest in a portfolio of "out of the money" put options purchased on the U.S. stock market. TAIL strategy offers the potential advantage of buying more puts when volatility is low and fewer puts when volatility is high. While a portion of the fund's assets will be invested in the basket of long put option premiums, the majority of fund assets will be invested in intermediate term US Treasuries. As the fund is designed to be a hedge against market declines and rising volatility, Cambria expects the fund to produce negative returns in the most years with rising markets or declining volatility.

Grade (RS Rating)

Last Trade

$16.71

Average Daily Volume

167

Number of Holdings ^*

* may have additional holdings in another (foreign) market

JOJO

ATAC Credit Rotation ETF

JOJO Description

Under normal circumstances, at least 80% of its net assets, plus borrowings for investment purposes, will be invested in credit-related securities, or ETFs that invest, under normal circumstances, at least 80% of their net assets, plus borrowings for investment purposes, in credit-related securities. Credit-related securities include fixed-income securities, debt securities and loans and investments with economic characteristics similar to fixed-income securities, debt securities and loans. It is non-diversified.

Grade (RS Rating)

Last Trade

$13.90

Average Daily Volume

1,078

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	FAIL	JOJO
30 Days	-0.71%	-1.05%
60 Days	-5.26%	-4.75%
90 Days	-4.98%	-3.82%
12 Months	-14.14%	-2.52%

1 Overlapping Holdings

	Symbol	Grade	Weight in FAIL	Weight in JOJO	Overlap
	IEF	D	23.42%	20.63%	20.63%

FAIL Overweight 0 Positions Relative to JOJO

	Symbol	Grade	Weight

FAIL Underweight 0 Positions Relative to JOJO

	Symbol	Grade	Weight

FAIL: Top Represented Industries & Keywords

Industries:

Keywords: Bloomberg Barclays Us Aggregate Bond Index Bond Bond Market ETF Exchange Traded Fund Government Bonds U.S. Government U.S. Treasury

JOJO: Top Represented Industries & Keywords

Industries:

Keywords: Bloomberg Barclays Us Aggregate Bond Index Bond Bond Market ETF Exchange Traded Fund Government Bonds U.S. Government U.S. Treasury