Another NYSE Cannabis ETF Debuts on Wall Street, Here's the Full List of Stocks in its Portfolio - The Cannabis Investor
Jul 31
Source: Shutterstock

Another NYSE Cannabis ETF Debuts on Wall Street, Here’s the Full List of Stocks in its Portfolio

Here’s the Newest Marijuana ETF to Join the Wall Street Cannabis Frenzy

Cambria Investment Management recently announced the launch of its newest ETF called Cambria Cannabis ETF (NYSE: TOKE). TOKE is an actively managed fund that is made up solely of U.S. and Canadian cannabis stocks.

“We founded Cambria on our deep belief in rules-based investing, which we believe can yield better long-term results for our clients. TOKE is our first thematic ETF, which we believe has the potential to be a long-term growth story characterized by structural and behavioral inefficiencies” said Meb Faber, Cambria co-founder and CIO.

According to Cambria, their new cannabis ETF has the lowest cost of any marijuana-focused ETF on the market with a gross expense ratio of 0.59% and a net expense ratio of 0.42%.

Taking a look at their NYSE listed ETF peers, it seems they are correct with their claim of being the cheapest U.S. listed cannabis ETF.

The Cannabis ETF (NYSE: THCX) is a passively managed ETF by Innovation Shares. THCX has a net expense ratio of 0.70%.

AdvisorShares Pure Cannabis ETF (NYSE: YOLO) is an active fund managed by Dan Ahrens with a net expense ratio of 0.74%

ETFMG’s Alternative Harvest ETF (NYSE: MJ) is the first and largest U.S. cannabis-focused ETF and they currently have an expense ratio of 0.75%.

“The fund management industry is dominated by a handful of firms with massive sales and distribution, but we believe investors are looking for original, authentic investment solutions. Our firm’s growth to date is a testament to the trust of our over 30,000 investors who support us, our ideas, and our research. We’ve approached asset management a bit differently and we’re excited to continue launching innovative solutions investors care about.”

Cambria currently has over $1 billion in assets under management and has a mix of clientele across its suite of ETFs that includes institutional investors, retails investors, and registered investment advisors.

Source: Shutterstock

The new cannabis ETF holds a nice blend of North American cannabis stocks in its portfolio that spans across a variety of market caps and industry subsectors. Investors who are looking for a well-diversified and cost-efficient cannabis-focused ETF should certainly take a good look at TOKE.

For your convienince, we’ve laid out TOKE’s portfolio holdings below as well as provided the necessary links for you to conduct your due diligence on the ETF and its constituents.

Cambria Cannabis ETF (NYSE: TOKE) Portfolio Holdings:

Aurora Cannabis (TSX: ACB) NYSE: ACB)

GW Pharmaceuticals (NASDAQ: GWPH)

MediPharm Labs (TSXV: LABS) (OTCQB: MEDIF)

CannTrust Holdings (TSX: TRST) (NYSE: CTST)

Canopy Growth (TSX: WEED) (NYSE: CGC)

Aphria (TSX: APHA) (NYSE: APHA)

Greenlane Holdings (NASDAQ: GNLN)

Constellation Brands (NYSE: STZ)

Organigram Holdings (TSXV: OGI) (NASDAQ: OGI)

Tilray (NASDAQ: TLRY)

Canopy Rivers (TSXV: RIV) (OTCPK: CNPOF)

Cronos Group (TSX: CRON) (NASDAQ: CRON)

Flowr Corp (TSXV: FLWR) (OTCPK: FLWPF)

Village Farms (TSX: VFF) (NASDAQ: VFF)

Supreme Cannabis (TSX: FIRE) (OTCQX: SPRWF)

Green Organic Dutchman (TSX: TGOD) (OTCQX: TGODF)

British American Tobacco (LON: BATS)

Innovative Industrial Properties (NYSE: IIPR)

Emerald Health (TSXV: EMH) (OTCQX: EMHTF)

Scotts Miracle-Gro (NYSE: SMG)

Philip Morris (NYSE: PM)

VIVO Cannabis (TSXV: VIVO) (OTCQX: VVCIF)

Altria Group (NYSE: MO)

HEXO Corp (TSX: HEXO) (NYSE-A: HEXO)

Elixinol Global (ASX: EXL)

Turning Point Brands (NYSE: TPB)

New Age Beverages (NASDAQ: NBEV)

Corbus Pharmaceuticals (NASDAQ: CRBP)

Universal Corp (NYSE: UVV)

WeedMD (TSXV: WMD) (OTCQX: WDDMF)

*TOKE ETF portfolio holdings data as of July 31, 2019.

Learn more about Cambria Investment Management: Cambria Website | Funds Website | TOKE ETF Website

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