TAX was created on 2024-12-18 by Cambria. The fund's investment portfolio concentrates primarily on total market equity. The ETF currently has 24.57m in AUM and 102 holdings. TAX actively selects US stocks with value and quality characteristics and low or no dividend yields. The fund aims to generate capital appreciation without distributing high dividend income or taxable gains. First ETF to form initial seed capital through a swap of underlying securities, a 351 conversion.