Emerging Shareholder Yield (EYLD) - Full Holdings

PERCENTAGE OF
NET ASSETS
NAMEIDENTIFIERSHARES HELDMARKET VALUE
0.782%CNOOC LTD-SPON ADRCEO582$69,258.00
0.891%CHINA PETROLEUM & CHEM-ADSNP1,002$78,907.50
0.753%CHUNGHWA TELECOM LT-SPONCHT1,944$66,737.52
0.837%BANCO DE BOGOTA3,666$74,112.12
0.740%CIA DE GAS DE SAO PAULOCGAS3 BZ4,800$65,582.17
0.861%OAO GAZPROM ADROGZPY16,950$76,275.00
1.212%BUDIMEXBDX PW1,656$107,403.31
0.978%MOL HUNGARIAN OIL AND GASMOL HB1,206$86,675.31
0.687%KOREA ELEC P-ADRKEP2,850$60,847.50
1.113%O2 CZECH REPUBLIC ASTELEC CP8,826$98,629.87
1.350%POLSKI KONCERN NAFTOWY ORPKN PW4,476$119,572.02
0.945%MOTOR OIL (HELLAS) SAMOH GA5,016$83,681.14
0.647%ASUSTEK COMPUTER INC2357 TT6,000$57,279.71
0.943%BARLOWORLD LTDBAW SJ8,370$83,535.32
1.154%BIDVEST GROUP LTDBVT SJ7,644$102,206.46
1.066%CHENNAI PETROLEUM CORPMRL IN16,532$94,407.32
0.643%MICRO-STAR INTERNATIONAL2377 TT24,000$56,925.40
1.193%ASSORE LTDASR SJ5,532$105,731.06
1.397%HINDUSTAN ZINC LTDHZ IN25,392$123,793.02
0.893%CHICONY ELECTRONICS CO LT2385 TT30,055$79,076.54
0.940%MPHASIS LTDMPHL IN9,102$83,250.42
0.805%DONGBU INSURANCE CO LTD1,296$71,358.52
0.823%CHIN-POON INDUSTRIAL CO L2355 TT36,000$72,869.23
1.249%INDIAN OIL CORPIOCL IN19,250$110,662.90
0.868%TOPCO SCIENTIFIC CO LTD5434 TT24,000$76,924.09
0.884%SONATA SOFTWARE LTDSSOF IN30,115$78,314.16
1.159%LG UPLUS CORP7,758$102,642.82
1.144%TRIPOD TECHNOLOGY CORP3044 TT36,000$101,331.93
1.040%ELITE MATERIAL CO LTD2383 TT24,000$92,119.94
0.967%LS CORP1,500$85,664.65
0.889%CHILISIN ELECTRONICS CORP2456 TT30,000$78,734.99
1.091%GHCL LTDGHCL IN24,061$96,673.50
0.933%SIMPLO TECHNOLOGY CO LTD6121 TT24,000$82,671.74
0.811%HON HAI PRECISION INDUSTR2317 TT24,000$71,885.05
0.850%LIBERTY HOLDINGS LTDLBH SJ8,418$75,327.66
0.618%CHAUN-CHOUNG TECH6230 TT12,000$54,720.82
1.098%TELKOM SA SOC LTDTKG SJ16,344$97,309.31
0.983%POWERTECH TECHNOLOGY INC6239 TT30,000$87,100.58
1.097%FIRSTRAND LTDFSR SJ22,836$97,193.98
0.962%CORONATION FUND MANAGERSCML SJ15,834$85,193.98
1.239%WILSON BAYLY HOLMES-OVCONWBO SJ8,652$109,778.44
0.803%WEIQIAO TEXTILE CO LTD-H2698 HK99,000$71,125.36
0.721%IBASE TECHNOLOGY INC8050 TT30,000$63,873.76
0.949%ATEN INTERNATION CO LTD6277 TT30,000$84,049.60
0.997%CHANG WAH ELECTROMATERIAL8070 TT18,000$88,281.61
0.887%SITRONIX TECHNOLOGY CORP8016 TT24,000$78,577.52
1.200%PHISON ELECTRONICS CORP8299 TT12,000$106,292.24
1.261%SAMSUNG ELECTRONICS CO LT60$111,724.88
0.871%OAO ROSNEFT OIL CO-GDROJSCY14,088$77,131.80
0.867%SHENZHEN EXPRESSWAY CO-H548 HK84,000$76,787.89
0.819%HYOSUNG CORPORATION654$72,543.66
1.034%LUKOIL PJSC-SPON ADRLUKOY1,716$91,634.40
1.125%POSCO - ADRPKX1,590$99,693.00
1.043%OTP BANK PLCOTP HB3,192$92,409.47
0.864%SASOL LTD-SPONSORED ADRSSL2,676$76,560.36
0.975%SINOPEC SHANGHAI-SPONS ADSHI1,518$86,404.56
1.046%TATNEFT PJSCOAOFY2,460$92,643.60
0.970%HYUNDAI MARINE & FIRE INS2,904$85,898.79
0.992%GS HOLDINGS1,758$87,868.67
0.795%SHIN ZU SHING CO LTD3376 TT24,000$70,467.82
0.856%THAI OIL PCLTOP TB34,800$75,806.06
1.186%STANDARD BANK GROUP LTDSBK SJ8,226$105,033.85
0.846%AYGAZ ASAYGAZ TI18,540$74,980.29
0.817%KORDSA GLOBAL ENDUSTRIYELKORDS TI33,804$72,360.31
0.733%ACTRON TECHNOLOGY CORP8255 TT18,000$64,956.37
0.987%ELITE ADVANCED LASER CORP3450 TT18,000$87,395.84
1.137%IMPERIAL HOLDINGS LTDIPL SJ7,098$100,714.36
1.099%SANLAM LTDSLM SJ17,064$97,375.45
1.425%HANA FINANCIAL GROUP3,624$126,245.90
0.641%VESTEL BEYAZ ESYA SANAYIVESBE TI16,338$56,802.78
0.942%PTT EXPLOR & PROD PUBLICPTTEP TB31,686$83,421.50
1.018%GUANGZHOU R&F PROPERTIES2777 HK52,800$90,143.11
1.078%CHINA COMMUNICATIONS SERV552 HK144,000$95,482.72
0.916%XINGDA INT'L HOLDINGS1899 HK180,000$81,113.97
1.234%TIANNENG POWER INTL LTD819 HK108,000$109,295.27
1.042%EZ TEC EMPREENDIMENTOS EEZTC3 BZ14,400$92,267.97
0.853%AEGEAN AIRLINESAEGN GA9,846$75,599.61
1.013%SK INNOVATION CO LTD618$89,748.75
1.143%RURAL ELECTRIFICATION CRPRECL IN39,840$101,233.53
0.665%CYBERPOWER SYSTEMS INC3617 TT18,000$58,933.14
0.629%TONGYANG LIFE INSURANCE6,072$55,721.31
4.081%MAGAZINE LUIZA SAMGLU3 BZ6,000$361,497.63
0.833%QUALICORP SAQUAL3 BZ12,000$73,829.68
1.002%ZOOMLION HEAVY INDUSTRY -1157 HK156,000$88,777.30
1.178%M.VIDEO PAOMVID RM15,726$104,356.11
1.194%BASHNEFT PJSCBANE RM1,668$105,747.98
1.051%TRANSCONTAINER PJSCTRCN RM1,530$93,135.07
1.096%ON-BRIGHT ELECTRONICS INC4947 TT14,400$97,080.24
0.873%OLD MUTUAL PLCOML SJ27,558$77,346.08
0.842%BARCLAYS AFRICA GROUP LTDBGA SJ5,898$74,631.43
0.906%SINOPEC ENGINEERING GROUP2386 HK78,000$80,241.02
0.792%QINGDAO PORT INTERNATIONA6198 HK120,000$70,144.27
0.751%EUROCHARM HOLDINGS CO LTD5288 TT24,000$66,531.07
0.747%RASSINI SAB DE CV - A32,400$66,151.59
1.162%WOORI BANK8,688$102,949.39
0.953%RED STAR MACALLINE GROUP1528 HK72,000$84,451.23
0.859%GUOLIAN SECURITIES CO LTD1456 HK135,000$76,131.25
3.475%CASH308,335$307,874.80
-0.022%THAILAND CAP GAIN TAX-1,988$-1,987.76

Data as of 3/23/2017

Holdings are subject to change.

The Cambria ETFs are distributed by SEI Investments Distribution Company (SIDCO), 1 Freedom Valley Drive, Oaks, PA 19456, which is not affiliated with Cambria Investment Management, LP, the Investment Adviser for the Fund. Check the background of SIDCO on FINRA's BrokerCheck.

To determine if this Fund is an appropriate investment for you, carefully consider the Fund's investment objectives, risk factors, charges and expense before investing. This and other information can be found in the Fund's full or summary prospectus which may be obtained by calling 855-383-4636 (ETF INFO) or visiting our website at www.cambriafunds.com. Read the prospectus carefully before investing or sending money.

SYLD, GMOM and VAMO are actively managed using proprietary investment strategies and processes. There can be no guarantee that these strategies and processes will produce the intended results and no guarantee that the Fund will achieve its investment objective. This could result in the Fund's underperformance compared to other funds with similar investment objectives.

ETFs are subject to commission costs each time a "buy" or "sell" is executed. Depending on the amount of trading activity, the low costs of ETFs may be outweighed by commissions and related trading costs. Shares are bought and sold at market price (closing price) not net asset value (NAV) are not individually redeemed from the Fund. Market price returns are based on the midpoint of the bid/ask spread at 4:00 pm Eastern Time (when NAV is normally determined), and do not represent the return you would receive if you traded at other times.

There is no guarantee that the Fund will achieve its investment goal. Investing involves risk, including the possible loss of principal. In addition to the normal risks associated with investing, international investments may involve risk of capital loss from unfavorable fluctuation in currency values, from differences in generally accepted accounting principles, or from social, economic, or political instability in other nations. Emerging markets involve heightened risks related to the same factors as well as increased volatility and lower trading volume. Bonds and bond funds are subject to interest rate risk and will decline in value as interest rates rise.

Investments in sovereign and quasi-sovereign debt obligations involve special risks not present in corporate debt obligations. The issuer of the sovereign debt or the authorities that control the repayment of the debt may be unable or unwilling to repay principal or interest when due, and the Fund may have limited recourse in the event of a default. Investments in commodities are subject to higher volatility than more traditional investments. The fund may invest in derivatives, which are often more volatile than other investments and may magnify the Fund's gains or losses. The use of leverage by the fund managers may accelerate the velocity of potential losses. The Fund employs a "momentum" style of investing that emphasizes investing in securities that have had higher recent price performance compared to other securities. This style of investing is subject to the risk that these securities may be more volatile than a broad cross-section of securities or that the returns on securities that have previously exhibited price momentum are less than returns on other styles of investing or the overall stock market. Investments in smaller companies typically exhibit higher volatility. Diversification may not protect against market loss. Emerging markets involve heightened risks related to the same factors as well as increased volatility and lower trading volume.

Shares are bought and sold at market price (not NAV) and are not individually redeemed from the Fund. Buying and selling shares will result in brokerage commissions. Brokerage commissions will reduce returns.

There are special risks associated with margin investing. As with stocks, you may be called upon to deposit additional cash or securities if your account equity declines.