Emerging Shareholder Yield (EYLD) - Full Holdings

PERCENTAGE OF
NET ASSETS
NAMEIDENTIFIERSHARES HELDMARKET VALUE
0.710%CNOOC LTD-SPON ADRCEO776$84,878.88
0.894%CHINA PETROLEUM & CHEM-ADSNP1,336$106,799.84
0.777%CHUNGHWA TELECOM LT-SPONCHT2,592$92,819.52
0.848%BANCO DE BOGOTA4,888$101,319.62
0.706%CIA DE GAS DE SAO PAULOCGAS3 BZ6,400$84,330.42
0.751%OAO GAZPROM ADROGZPY22,600$89,722.00
1.186%BUDIMEXBDX PW2,208$141,642.29
1.061%MOL HUNGARIAN OIL AND GASMOL HB1,608$126,710.54
0.593%KOREA ELEC P-ADRKEP3,800$70,870.00
1.195%O2 CZECH REPUBLIC ASTELEC CP11,768$142,766.42
1.553%POLSKI KONCERN NAFTOWY ORPKN PW5,968$185,592.86
1.163%MOTOR OIL (HELLAS) SAMOH GA6,688$138,926.76
0.640%ASUSTEK COMPUTER INC2357 TT8,000$76,417.99
0.770%BARLOWORLD LTDBAW SJ11,160$91,953.11
1.051%BIDVEST GROUP LTDBVT SJ10,192$125,613.16
0.457%HINDUSTAN PETROLEUM CORPHPCL IN6,928$54,604.58
0.976%CHENNAI PETROLEUM CORPMRL IN22,042$116,599.48
0.640%MICRO-STAR INTERNATIONAL2377 TT32,000$76,444.39
0.831%ASSORE LTDASR SJ7,376$99,235.77
1.103%HINDUSTAN ZINC LTDHZ IN33,856$131,729.28
0.854%CHICONY ELECTRONICS CO LT2385 TT40,055$102,030.75
0.932%MPHASIS LTDMPHL IN12,136$111,370.52
0.107%DONGBU INSURANCE CO LTD216$12,746.67
0.817%CHIN-POON INDUSTRIAL CO L2355 TT48,000$97,561.62
1.277%INDIAN OIL CORPIOCL IN25,666$152,539.83
0.819%TOPCO SCIENTIFIC CO LTD5434 TT32,000$97,878.38
0.788%SONATA SOFTWARE LTDSSOF IN40,153$94,173.75
1.275%LG UPLUS CORP10,344$152,378.52
1.273%TRIPOD TECHNOLOGY CORP3044 TT48,000$152,044.08
1.220%ELITE MATERIAL CO LTD2383 TT32,000$145,708.91
1.045%LS CORP2,000$124,884.57
0.948%CHILISIN ELECTRONICS CORP2456 TT40,000$113,241.17
0.945%GHCL LTDGHCL IN31,603$112,846.86
0.434%S-OIL CORP624$51,805.64
0.343%EXXARO RESOURCES LTDEXX SJ6,208$41,031.82
0.901%SIMPLO TECHNOLOGY CO LTD6121 TT32,000$107,697.89
1.060%HON HAI PRECISION INDUSTR2317 TT32,000$126,703.40
0.827%LIBERTY HOLDINGS LTDLBH SJ11,224$98,852.38
0.574%CHAUN-CHOUNG TECH6230 TT16,000$68,631.01
0.924%TELKOM SA SOC LTDTKG SJ21,792$110,411.11
1.057%POWERTECH TECHNOLOGY INC6239 TT40,000$126,307.45
0.953%FIRSTRAND LTDFSR SJ30,448$113,800.40
0.921%CORONATION FUND MANAGERSCML SJ21,112$110,003.23
1.047%WILSON BAYLY HOLMES-OVCONWBO SJ11,536$125,149.96
0.494%WEIQIAO TEXTILE CO LTD-H2698 HK82,500$59,026.04
0.661%IBASE TECHNOLOGY INC8050 TT40,000$78,925.66
0.933%ATEN INTERNATION CO LTD6277 TT40,000$111,525.39
0.908%CHANG WAH ELECTROMATERIAL8070 TT24,000$108,489.79
0.838%SITRONIX TECHNOLOGY CORP8016 TT32,000$100,095.69
1.615%PHISON ELECTRONICS CORP8299 TT16,000$192,958.72
1.422%SAMSUNG ELECTRONICS CO LT80$169,843.01
0.836%OAO ROSNEFT OIL CO-GDROJSCY18,784$99,836.96
0.853%SHENZHEN EXPRESSWAY CO-H548 HK112,000$101,960.48
1.078%HYOSUNG CORPORATION872$128,838.66
0.897%LUKOIL PJSC-SPON ADRLUKOY2,288$107,135.60
1.066%POSCO - ADRPKX2,120$127,327.20
1.191%OTP BANK PLCOTP HB4,256$142,331.72
0.834%SASOL LTD-SPONSORED ADRSSL3,568$99,618.56
0.873%SINOPEC SHANGHAI-SPONS ADSHI2,024$104,296.72
1.040%TATNEFT PJSCOAOFY3,280$124,279.20
1.094%HYUNDAI MARINE & FIRE INS3,872$130,763.64
1.135%GS HOLDINGS2,344$135,645.05
0.888%SHIN ZU SHING CO LTD3376 TT32,000$106,114.10
0.889%THAI OIL PCLTOP TB46,400$106,199.59
1.027%STANDARD BANK GROUP LTDSBK SJ10,968$122,655.65
0.908%AYGAZ ASAYGAZ TI24,720$108,465.99
0.922%KORDSA GLOBAL ENDUSTRIYELKORDS TI45,072$110,156.39
0.769%ACTRON TECHNOLOGY CORP8255 TT24,000$91,859.97
0.928%ELITE ADVANCED LASER CORP3450 TT24,000$110,865.48
1.000%IMPERIAL HOLDINGS LTDIPL SJ9,464$119,467.02
0.965%SANLAM LTDSLM SJ22,752$115,328.11
1.510%HANA FINANCIAL GROUP4,832$180,395.23
0.156%SYNCMOLD ENTERPRISE CORP1582 TT8,000$18,662.36
0.593%VESTEL BEYAZ ESYA SANAYIVESBE TI21,784$70,800.26
0.906%PTT EXPLOR & PROD PUBLICPTTEP TB42,248$108,200.65
0.923%GUANGZHOU R&F PROPERTIES2777 HK70,400$110,306.06
0.911%CHINA COMMUNICATIONS SERV552 HK192,000$108,812.56
0.788%XINGDA INT'L HOLDINGS1899 HK240,000$94,164.71
0.978%TIANNENG POWER INTL LTD819 HK144,000$116,875.02
0.855%EZ TEC EMPREENDIMENTOS EEZTC3 BZ19,200$102,127.04
1.025%AEGEAN AIRLINESAEGN GA13,128$122,407.65
0.952%SK INNOVATION CO LTD824$113,775.12
0.503%TEKFEN HOLDING ASTKFEN TI23,776$60,079.71
1.215%RURAL ELECTRIFICATION CRPRECL IN53,120$145,213.33
0.640%CYBERPOWER SYSTEMS INC3617 TT24,000$76,417.99
5.090%MAGAZINE LUIZA SAMGLU3 BZ8,000$608,148.31
0.404%FANTASIA HOLDINGS GROUP C1777 HK336,000$48,251.72
0.862%ZOOMLION HEAVY INDUSTRY1157 HK208,000$102,945.21
0.395%NISHOKU TECHNOLOGY INC3679 TT16,000$47,144.22
1.167%M.VIDEO PAOMVID RM20,968$139,385.62
0.804%BASHNEFT PJSCBANE RM2,224$96,115.75
0.869%TRANSCONTAINER PJSCTRCN RM2,040$103,875.04
0.778%OLD MUTUAL PLCOML SJ36,744$92,954.78
0.748%BARCLAYS AFRICA GROUP LTDBGA SJ7,864$89,362.32
0.797%SINOPEC ENGINEERING GROUP2386 HK104,000$95,210.99
0.750%QINGDAO PORT INTERNATIONA6198 HK160,000$89,651.37
0.847%EUROCHARM HOLDINGS CO LTD5288 TT32,000$101,151.55
0.885%RASSINI SAB DE CV - A43,200$105,731.81
1.492%WOORI BANK11,584$178,285.92
0.824%RED STAR MACALLINE GROUP1528 HK96,000$98,472.90
0.753%GUOLIAN SECURITIES CO LTD1456 HK180,000$90,010.39
5.054%CASH9,509,959$603,780.44
-0.141%INDIA CAPITAL GAINS TAX-1,090,371$-16,902.35

Data as of 6/26/2017

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.