Meb Faber & Wes Gray - Unlocking Tax Efficiency: Inside the Launch of Cambria's Groundbreaking ETF

The Meb Faber Show - Better Investing

The Idea Farm

Business, Investing, Management

4.7 • 938 Ratings

🗓️ 25 October 2024

⏱️ 38 minutes

🔗️ Recording | iTunes | RSS

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Summary

Today's guest is Wes Gray, CEO & Co-CIO of Alpha Architect and a strategic advisor to ETF Architect. Wes & I discuss the Cambria Tax Aware ETF (TAX), which aims to achieve a tax-efficient investment return consisting of capital appreciation while emphasizing low dividend distributions. We also break down the 351 to ETF contribution process and how investors can transition their low-basis investments into the ETF structure tax-efficiently. (0:40) Welcome to Wes Gray (6:20) Section 351 (20:15) Tax aware investing (27:49) The impact of dividends on tax efficiency Resources: Show Notes: https://www.themebfabershow.com/episodes/X7iN68AkO9u The Cambria Tax Aware ETF (TAX) https://cambriafunds.com/tax Introduction to the 351 ETF Exchange https://www.cambriainvestments.com/wp-content/uploads/2024/10/2024-Introduction-to-the-351-ETF-Exchange-Cambria.pdf Are you interested in learning more? https://www.cambriainvestments.com/tax/ Wes Gray and Bob Elwood’s episode in February 2024 https://www.themebfabershow.com/episodes/p3V43ySa2El 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. Investing involves risk, including potential loss of capital. Cambria does not provide tax advice, please consult your tax professional for tax advice. TAX: There is no guarantee that a Fund will achieve its investment goal. Investing involves risk, including the possible loss of principal. The Fund will invest in stocks that have lower dividend distributions, which are generally taxed as ordinary income. The Fund’s tax aware strategy may reduce an investor’s taxable income from the Fund but will not eliminate it. Even though a tax aware strategy is being used, it may not reduce the amount of taxable income and capital gains distributed by the Fund to shareholders, or the amount of Fund distributions that are taxable at ordinary income rates. Narrowly focused funds typically exhibit higher volatility. Diversification may not protect against market losses. TAX is actively managed. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Welcome to the Mept favor Show, where the focus is on helping you grow and preserve your wealth.
0:12.8	Join us as we discuss the craft of investing and uncover new and profitable ideas,
0:17.0	all to help you grow wealthier and wiser.
0:18.8	Better investing starts here.
0:21.6	Met Faber is the co-founder and chief investment officer at Cambria Investment Management.
0:25.2	For more information, visit cambria Investments.com.
0:30.8	Welcome back everyone.
0:31.8	I'm joined for the sixth. Might be more. Time with my buddy
0:35.6	West Gray. West is the founder CEO co-cio of Alpha Architect and leads the
0:40.7	ETF Architect team, which you heard Rob or not mentioned recently
0:44.8	when he partnered with his next E.T. F. West and I have some exciting news.
0:48.7	We're finally going to officially team up, work together on a project I'm super stoked on.
0:54.3	Wes, welcome back to the show.
0:56.0	Happy to be here, meth.
0:57.3	Look forward to working on this project with you guys.
1:00.0	I rarely go back and listen to old shows because it's kind of cringe to hear my own voice and I was listening to one that we did with you and Bob in February.
1:10.2	So listeners, this is episode 522 and you should definitely go listen to this episode before listening today's episode.
1:18.7	It's full of tons of background and interesting stuff, but I was chuckling as I was listening to the beginning of this
1:24.9	because you're talking and you're like man it's crazy we got this box ETF that's raised a billion dollars and I look it up today and it's at four.
1:35.8	This is like six, eight months ago man, what's happening?
1:39.2	You guys hit the funny bone for investors in this space.
1:41.8	Can you remind us what these strategies do?
	...

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