*Summary
*Prospectus (details start at PDF page 12)
*Webinar (YouTube transcript helpful for speed reading)
*Total Annual Fund Operating Expenses: 0.49%
*Prospectus (details start at PDF page 12)
*Webinar (YouTube transcript helpful for speed reading)
*Total Annual Fund Operating Expenses: 0.49%
The seeding phase is underway and the ability to convert portions of a highly appreciated stock to an ETF and kick the tax bucket down the road is intriguing. One has to trust the diversification strategy of the ETF:A 351 to ETF conversion refers to a tax-related mechanism under U.S. tax law, specifically Section 351 of the Internal Revenue Code. This mechanism allows for the transfer of assets (such as stocks, securities, or other property) to a corporation without recognizing a taxable gain or loss, provided certain conditions are met.
In the context of an ETF, a 351 exchange would typically involve the transfer of assets to a fund in exchange for shares in that fund without triggering a taxable event.
In other words, you can contribute an investment portfolio and “seed” the launch of an ETF, and receive a diversified ETF in exchange.
(Realized this makes more sense in the "Investing - Theory, News & General" forum if a mod can move it over)To be eligible for inclusion in the Fund, equity securities must pass various market capitalization, sector concentration, and liquidity requirements. Cambria begins with the largest 1,000 U.S. equities by market capitalization. After removing the highest yielding stocks, Cambria then selects a portfolio of 50–500 stocks for inclusion in the Fund’s portfolio that exhibit, in the aggregate, the best combination of lower dividend yield and value metrics.
Statistics: Posted by llin — Sat Nov 09, 2024 12:04 am — Replies 0 — Views 74