Cambria Investment Management, LLC, through its Cambria Funds, operates as an ETF sponsor and asset manager providing quantitatively driven, tax-aware investment solutions focused on broad and diversified exposure to U.S. and global equities; the Cambria US EW ETF (USEW) represents its latest offering designed to deliver equal-weighted exposure to large-cap U.S. equities with a cost-efficient active-management approach. Cambria launches USEW in partnership with ETF Architect, introducing an innovative 351 ETF exchange feature that allows in-kind contributions of appreciated securities in exchange for USEW shares, potentially enabling tax-deferred portfolio reallocation; the fund carries an expense ratio of 0.25% and aims to mitigate traditional market-cap concentration by weighting securities equally rather than by market capitalization. The USEW product lineup expands Cambria’s suite of systematic, rules-based ETFs that seek to balance diversification, transparency, and tax efficiency for long-term investors seeking broad, liquid access to the U.S. equity market. Cambria’s U.S. operations center on fund development, quantitative strategy design, and ETF issuance, with regulatory filings and trading on major U.S. exchanges; the company is headquartered in the United States and provides ongoing portfolio construction, risk management, and shareholder communications as part of its services. The latest changes include the launch of USEW with a broad U.S. equity mandate and the integration of a 351 ETF exchange mechanism, reflecting Cambria’s strategic emphasis on expanding its ETF platform and enhancing tax-aware, cost-efficient access to public markets for individual and institutional investors. Cambria targets institutional and high-net-worth clients, financial advisors, and retail investors seeking diversified exposure to U.S. large-cap equities through transparent, rules-based investment products; the firm operates in the U.S. market with distribution across national channels and supports global research and client engagement through its fund complex.