Investors with Qualifying Portfolios Can Contribute Highly Appreciated Securities Ahead of September Launch in Exchange for ETF Shares — Without Triggering Immediate Capital Gains Taxes

Cambria Investment Management, a leader in quantitative investment strategies and tax-aware solutions, in partnership with ETF Architect, today announced plans to launch the Cambria Global Equal Weight ETF (GEW), expected to begin trading on NASDAQ on September 25, 2025.

In advance of the fund’s launch, Cambria is offering a one-time opportunity for investors to contribute highly appreciated securities in exchange for shares of GEW — without triggering immediate capital gains taxes. Structured under Section 351 of the Internal Revenue Code, this tax-deferred exchange enables investors to efficiently reposition concentrated, low-basis holdings into a globally diversified equity strategy while preserving unrealized gains.

GEW will provide equal-weighted exposure to global equities across a broad range of geographies and sectors, with an expense ratio of 0.25%. The fund builds on Cambria’s growing lineup of innovative ETFs designed to give long-term investors diversified, transparent access to public markets, incorporating a tax-aware 351 ETF exchange feature ahead of launch.

“Many investors are sitting on highly appreciated positions they’d love to diversify, but taxes get in the way,” said Meb Faber, Co-Founder and Chief Investment Officer of Cambria. “The GEW 351 ETF Exchange offers a smart, one-time opportunity to modernize a portfolio, defer taxable gains, and access a globally diversified strategy in a single ETF. It’s a solution we wish existed years ago, and we’re excited to finally bring it to investors.”

The 351 exchange window closes September 3, 2025, and requires advance coordination and documentation. Full participation details — including contribution schedules and required documentation — are available at www.cambriafunds.com/351, and interested investors can contact Cambria directly at 351@cambriainvestments.com.

GEW will join Cambria’s growing ETF family, which includes ENDW and TAX, both launched in partnership with ETF Architect and featuring the 351 structure. Cambria currently manages 18 ETFs with more than $2.7 billion in assets under management.

About Cambria

Cambria Investment Management, LP ("Cambria" or the "Company") is a registered investment advisor that was formed in 2006. Cambria is an independent, privately owned investment advisory firm focused on quantitative asset management and alternative investments. The Company's mission is to preserve and grow capital by producing above-average absolute returns with low correlation to traditional assets and manageable risk. Cambria investment portfolios and ETFs cover equity-focused strategies, global asset allocation, tail risk, hedged equity, and thematic strategies. The firm manages 18 different ETFs and had over $2.7 billion in assets under management as of 05/31/2025: Cambria Shareholder Yield ETF (SYLD), Cambria Foreign Shareholder Yield ETF (FYLD), Cambria Global Value ETF (GVAL), Cambria Global Momentum ETF (GMOM), Cambria Global Asset Allocation ETF (GAA), Cambria Emerging Shareholder Yield ETF (EYLD), Cambria Value and Momentum ETF (VAMO), Cambria Tail Risk ETF (TAIL), Cambria Trinity ETF (TRTY), Cambria Cannabis ETF (TOKE), Cambria Global Real Estate ETF (BLDG), Cambria Micro and Small Cap Shareholder Yield ETF (MYLD), Cambria Tactical Yield ETF (TYLD), Cambria Chesapeake Pure Trend ETF (MFUT), Cambria Large Cap Shareholder Yield ETF (LYLD), Cambria Tax Aware ETF (TAX), Cambria Fixed Income Trend ETF (CFIT), and Cambria Endowment Style ETF (ENDW).

About ETF Architect

ETF Architect is on a mission to help ETF sponsors win by delivering an affordable, easy-to-use, and transparent solution. Via their EA Series Trust, the firm partners with fund managers (hedge, mutual, SMA), registered investment advisors (RIAs), and family offices who want to leverage the material tax and operational efficiencies of the ETF structure. The firm currently manages over $17.5B in assets across 80 different ETFs.

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.

GEW: There is no guarantee that a Fund will achieve its investment goal. Investing involves risk, including the possible loss of principal. The Fund employs an equal-weighted investment strategy, which may result in higher portfolio turnover and increased transaction costs compared to market-capitalization-weighted strategies. This approach may also lead to greater exposure to smaller companies, which typically exhibit higher volatility and may be less liquid than larger companies. The underlying holdings of the Fund may be leveraged, which will expose the holding to higher volatility and may accelerate the impact of any losses. International investing may involve risk of capital loss from unfavorable fluctuations in currency values, from differences in generally accepted accounting principles, or from economic or political instability in other nations. Emerging markets involve heightened risks related to the same factors as well as increased volatility and lower trading volume. Investments in smaller companies typically exhibit higher volatility. Narrowly focused funds typically exhibit higher volatility.

There is no guarantee dividends will be paid. Diversification may not protect against market loss.

GEW is actively managed.

GEW is new and has limited operating history.

Cambria does not provide tax advice, please consult your tax professional.

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In advance of the fund’s launch, Cambria is offering a one-time opportunity for investors to contribute highly appreciated securities in exchange for shares of GEW — without triggering immediate capital gains taxes.