Under typical market conditions, the fund's bond holdings will commit a minimum of 40% of its total value to intermediate-duration, investment-grade U.S. Treasury securities and Treasury Inflation-Protected Securities (TIPS). Simultaneously, at least another 40% of its assets will be deployed into international sovereign debt. This portion includes both highly-rated (investment-grade) and lower-rated (non-investment-grade) government bonds from both established and developing nations, all maintaining short to medium maturities. Additionally, the investment adviser intends to dedicate approximately one percent of the fund’s total assets monthly to the acquisition of put options.

iShares 7-10 Year Treasury Bond ETF

Vanguard Total International Bond ETF

Financial Services

Industrials

Healthcare

Consumer Defensive

Consumer Cyclical

Technology

Basic Materials

Communication Services

Energy

Utilities

Cambria Global Tail Risk ETF

FAIL Holdings & Sector Breakdown

FAIL Holdings & Sector Breakdown