TAX ETF — Cambria Tax Aware ETF

Cambria Tax Aware ETF (TAX)

Updated October 12, 2026.

TAX is an ETF. its distribution rate is 0.32%, its trailing-12-month yield is 0.32%, its expense ratio is 0.54%. Dividend Vision Distribution Safety Score™ is 50/100 (Unproven). Total return is 26.2% over the past 1.8 years, 9.6 points behind SPY at 35.8%.

TAX performance versus SPY

Price and return data through 2026-10-12.

Total return is 26.2% over the past 1.8 years, 9.6 points behind SPY at 35.8%. Over the past year its total return — price change plus distributions reinvested — is 13.1%. Its deepest 1-year drawdown was 11.0%.

TAX key facts

Distribution Safety Score™

50 · Unproven

Issuer

Cambria

Asset type

ETF

Asset class

Equity

Inception date

12/17/2024

Expense ratio

0.54%

Distribution rate

0.32%

Distribution frequency

Annual

Trailing yield

0.32%

Last close

$30.63 (stale; as of 2026-10-12)

AUM

$25,230,962

Average volume

289.0

Dividend

$0.098

Ex-dividend date

12/23/2025

Payment date

12/24/2025

Beta

1.107

How Dividend Vision calculates yield and returns

Distribution rate (0.32%) uses calculation basis unavailable. Issuer rates can use a different denominator and date, including ex-date NAV. Trailing-12-month yield (0.32%) is the sum of split-adjusted cash distributions with ex-dates in the last 12 months, divided by the published price. It lags a recent raise or cut. Total return uses split-adjusted close with distributions reinvested on the ex-dividend date (a modeling convention, not the cash-settlement date) from the first stored bar on or after inception through the latest bar, compared with the same window on the benchmark. That is the security's total return, not your personal gain/loss.

Yield and safety methodology · Distribution rate methodology · Distribution Safety Score methodology

Sources and review

Primary sources: Cambria; prices and distributions from Dividend Vision, derived from vendor EOD data.

Reviewed by Bert Sweet, CEO and Co-owner of Dividend Vision. Methodology: Distribution Safety Score.

TAX risks and drawbacks

TAX's current distribution rate is moderate, not a high-yield payout — the strategy is dividend quality more than maximum income. Payments are annual, so cash flow is lumpy versus a monthly fund. Total return has trailed SPY over the available window. The deepest 1-year drawdown on record here is 11.0%.

Who may consider TAX — and who may not

It is a weaker fit for investors who need monthly cash flow (TAX pays annual); investors hunting double-digit covered-call yields; investors whose main goal is matching SPY total return. This is educational context, not a recommendation to buy or sell.

Frequently asked questions

More securities from Cambria.