At a glance
FYLD charges 0.59% a year, above the 0.23% average of the 6 funds most like it (the most expensive of 7). It has $711.4M in assets, the 7th largest of that group; it paid 2.86% of its price in distributions over the past 12 months, quarterly. Over the past year it returned +31.9% with distributions reinvested (S&P 500: +11.5%), the best of those 7 funds; over three years it returned +25.0% a year. At its worst it fell 40.3% in the 2020 crash (S&P 500: 33.7%) and 25.1% in the 2022 bear market (S&P 500: 24.5%), and was back at its earlier high 8 months and 15 months after the lows. Its ten largest positions make up 11.3% of the fund, out of 101 in all.
The short version
Cambria Foreign Shareholder Yield ETF (FYLD) is an actively managed fund that holds about 100 stocks from developed markets outside the US. It picks companies that return a lot of cash to shareholders through dividends, share buybacks and debt paydowns, and that also look cheap on valuation measures. Its holdings are close to equally weighted and lean toward energy and financial companies. At 0.59% a year, it costs more than similar international funds, which average 0.23%.
Price history
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FYLD +31.9% over the year to Oct 27, 2026, total return with distributions reinvested.
How it has behaved
| YTD | 1 yr | 3 yr | 5 yr | 10 yr | Since start | |
|---|---|---|---|---|---|---|
| FYLD official prospectus, to Dec 31, 2025 | — | +34.23% | — | +11.80% | +9.76% | — |
| FYLD price data to Oct 27, 2026 | +25.9% | +31.9% | +25.0% | +13.2% | +11.7% | +8.4% |
- Over the year to Oct 27, 2026, FYLD returned +31.9%, 1st of 7 among similar funds.
- Its 5-year annualized return was +13.2% and its 10-year +11.7%.
- In the 2020 COVID crash it fell 40.3% and regained its old high 8 months after the low.
- Its worst full calendar year was 2018 (-14.5%); its best was 2025 (+34.5%).
- The deepest fall in its price history was 44.6% (Jan 26, 2018 to Mar 23, 2020), recovered by Dec 30, 2020.
Show as a table
| Year | Price data | Prospectus (official) |
|---|---|---|
| 2026 (to date) | +25.9% | — |
| 2025 | +34.5% | +34.23% |
| 2024 | +3.0% | +3.22% |
| 2023 | +13.2% | +12.95% |
| 2022 | -5.5% | -5.15% |
| 2021 | +18.6% | +17.68% |
| 2020 | +4.2% | +4.35% |
| 2019 | +17.8% | +17.83% |
| 2018 | -14.5% | -13.66% |
| 2017 | +29.8% | +28.46% |
| 2016 | +7.8% | +6.53% |
| 2015 | -7.3% | — |
| 2014 | -9.9% | — |
| 2008 financial crisis stocks fell Oct 9, 2007 – Mar 9, 2009 | Before this security existed |
|---|---|
| 2020 COVID crash stocks fell Feb 19, 2020 – Mar 23, 2020 | Lost 40.3% over that stretch · deepest drop along the way 40.3%, back to its old high 8 months after the low |
| 2022 bear market stocks fell Jan 3, 2022 – Oct 12, 2022 | Lost 20.4% over that stretch · deepest drop along the way 25.1%, back to its old high 14.7 months after the low |
Dividends and income
Show as a table
| Year | Per share | Change |
|---|---|---|
| 2026 (to date) | $0.7200 | |
| 2025 | $1.3200 | -2.9% |
| 2024 | $1.3600 | -12.8% |
| 2023 | $1.5600 | +4.0% |
| 2022 | $1.5000 | +16.3% |
| 2021 | $1.2900 | +34.4% |
| 2020 | $0.9600 | +5.5% |
| 2019 | $0.9100 | -18.0% |
| 2018 | $1.1100 | +48.0% |
| 2017 | $0.7500 | +31.6% |
| 2016 | $0.5700 | -28.8% |
| 2015 | $0.8000 | -31.0% |
| 2014 | $1.1600 |
What's inside
As of Jul 31, 2026, the fund held 101 securities; the ten largest made up 11.27% of assets.
| Holding | Weight | |
|---|---|---|
| Equinor ASA | 1.20% | |
| OOIL | 1.18% | |
| Repsol SA | 1.15% | |
| Suncor Energy Inc | 1.14% | |
| Woodside Energy Group Ltd | 1.13% | |
| Kawasaki Kisen Kaisha Ltd | 1.10% | |
| Sompo Holdings Inc | 1.09% | |
| Shell PLC | 1.09% | |
| Nippon Yusen KK | 1.09% | |
| MS&AD Insurance Group Holdings | 1.09% | |
| BP PLC | 1.09% | |
| OMV AG | 1.08% | |
| Cathay Pacific Airways Ltd | 1.07% | |
| Amundi SA | 1.06% | |
| Vodafone Group PLC | 1.06% |
By country
Japan 24.24%United Kingdom 13.77%Canada 11.11%France 10.83%Hong Kong 8.15%By asset type
Stocks 98.98%What changed recently
- Over the three months to Jul 31, 2026, investors added a net $58.5M (creations minus redemptions, per the N-PORT report).
- Monthly total returns reported for that quarter: -1.00%, -4.23%, +7.79%.
How it works
FYLD does not track an index. Cambria Investment Management, the fund's adviser, uses its own computer-driven model. The model starts with publicly listed companies in 23 developed markets outside the US, including Japan, the UK, Canada, France, Hong Kong and Norway. It ranks them by "shareholder yield," which is the cash a company hands back through dividends and net share buybacks, and keeps the top 20%.
Next, the model adds each company's debt paydowns along with value measures such as price-to-earnings, price-to-book, price-to-sales, price-to-free-cash-flow and EV/EBITDA, which compares a company's total value with its operating earnings. Cambria then picks the 100 stocks with the strongest overall scores and aims to weight them equally. No single country may exceed 30% of assets. As of July 31, 2026, the fund held 101 stocks. The largest was Equinor at about 1.2%, and the top 10 together made up 11.3%. Japan was the biggest country at 24%.
Cambria adjusts the portfolio from time to time to keep it in line with the model. Portfolio turnover was 48%, a measure of how much of the portfolio was traded during the year. The fund held no derivatives as of July 31, 2026. Because the stocks trade in foreign currencies and on markets that close while US markets are open, swings in exchange rates and stale prices can affect the fund's value. Its market price can also drift above or below the value of its holdings.
What it really costs
- FYLD charges 0.59% a year, versus an average of 0.23% for the similar funds below (7th of 7, cheapest first).
- Using the prospectus's standard example, $10,000 invested would cost about $60 in the first year and $738 over 10 years (assuming a 5% annual return).
| Cost of $10,000 (SEC example) | 1 yr | 3 yrs | 5 yrs | 10 yrs |
|---|---|---|---|---|
| FYLD | $60 | $189 | $329 | $738 |
In a retirement portfolio
FYLD adds foreign value stocks that pay out a lot of cash, an approach that behaves differently from a US-heavy or market-weighted portfolio, with a one-year beta of 0.46 as of October 27, 2026.
FYLD can add exposure to non-US companies that pay out a lot of cash, but it has had sharp drops. It launched in 2013, so it has no record from the 2008 crisis. In the 2020 COVID crash it fell 40.3% from February 19 to March 23, 2020, and regained its prior peak by November 23, 2020. In the 2022 bear market it fell 25.1% and did not recover until December 19, 2023, about 15 months later. Its worst calendar year was 2018, at -13.66%. Its deepest drop was 44.6%, running from January 2018 to March 2020. Someone forced to sell during those stretches would have locked in losses.
The fund yielded 2.86% over the 12 months to October 27, 2026, paid quarterly. In the SEC's standard example, costs come to $738 on $10,000 over ten years. Past results don't predict future ones, and a plan should look at the whole portfolio, not one fund.
Who it may suit — and who should look elsewhere
May suit
- Investors who want developed-market stocks outside the US tilted toward cheap, cash-returning companies, rather than a market-weighted fund like EFA or IEFA.
- People comfortable with a model-driven portfolio of about 100 near-equal-weighted stocks, heavy in energy and financials and in Japan as of mid-2026.
- Holders who want quarterly dividends, 2.86% over the 12 months to October 27, 2026, alongside possible growth from foreign stocks.
Look elsewhere if
- Cost-focused investors: the 0.59% expense ratio is the highest among seven similar funds, compared with 0.07% for IEFA.
- Anyone who can't tolerate deep drops: FYLD fell 44.6% from January 2018 to March 2020, including 40.3% in the 2020 crash alone.
- Investors wanting broad, steady international exposure: Japan made up 24% of the fund, and value-focused approaches can trail the wider market for years.
Close alternatives
Matched by closest holdings overlap from the latest N-PORT reports (no similar fund shares 20% or more of its holdings).
| Fund | Overlap | Cost | Net assets | 1 yr | 3 yr |
|---|---|---|---|---|---|
| FYLD this fund | — | 0.59% | $711.4M | +31.9% | +25.0% |
| IDV iShares International Select Dividend ETF | 17% | 0.49% | $8.45B | +19.5% | +27.1% |
| DIVI Franklin International Core Dividend Tilt I… | 7% | 0.11% | $2.56B | +15.4% | +21.6% |
| EFA iShares MSCI EAFE ETF | 7% | 0.32% | $77.98B | +13.5% | +18.2% |
| IEFA iShares Core MSCI EAFE ETF | 6% | 0.07% | $190.11B | +13.7% | +18.5% |
| AVDE Avantis International Equity ETF | 6% | 0.23% | $19.09B | +15.9% | +21.0% |
| DFAI Dimensional International Core Equity Marke… | 6% | 0.18% | $17.47B | +16.2% | +19.9% |
Questions investors ask
Does FYLD pay monthly dividends?
No. FYLD pays dividends quarterly, not monthly. Over the 12 months to October 27, 2026, it paid $1.15 per share, a yield of 2.86%. The amount changes from one payment to the next because it depends on the dividends paid by the roughly 100 foreign companies the fund holds and on exchange rates. Investors who want a monthly payment would need to look at other funds or set up their own withdrawals.
What's the difference between FYLD and IDV?
Both own high-paying stocks outside the US, but FYLD also screens for share buybacks, debt paydowns and low valuations, and it is actively managed. IDV, as its name suggests, focuses on dividends. Only 17% of their holdings overlap. IDV is cheaper at 0.49% versus 0.59%, and much larger, with about $8.4 billion versus $711 million as of July 31, 2026. As of October 27, 2026, FYLD returned 31.9% over one year versus 19.5% for IDV, but trailed over three years: 25.0% versus 27.1% a year.
What is shareholder yield in FYLD?
Shareholder yield is Cambria's measure of all the cash a company returns to its investors, not just dividends. It adds three things: dividend payments, share buybacks (which reduce the number of shares outstanding) and paydowns of company debt. Cambria argues that any one of these on its own can mislead, but together they point to companies with stronger potential for income and growth. FYLD combines this score with value measures to pick its 100 stocks.
Is FYLD expensive compared with other international ETFs?
Yes. FYLD charges 0.59% a year, the highest among seven similar funds, which average 0.23%. IEFA charges 0.07% and DIVI charges 0.11%. In the SEC's standard example, which assumes $10,000 invested and a 5% yearly return, FYLD's costs come to $60 after one year, $329 after five years and $738 after ten years. Part of the higher fee pays for active, model-driven stock selection rather than tracking an index.
How has FYLD performed over the long term?
As of December 31, 2025, FYLD returned 34.23% over one year, 11.8% a year over five years and 9.76% a year over ten years, according to its prospectus. The ride has been bumpy. It lost 13.66% in 2018 and 5.15% in 2022, and its worst quarter was a 31.93% drop in early 2020. Its best year was 2025. Through October 27, 2026, it was up 25.9% for the year to date.