Global Value ETF (GVAL) - Full Holdings

PERCENTAGE OF
NET ASSETS
NAMEIDENTIFIERSHARES HELDMARKET VALUE
0.805%VALE SA-PREFVALE5 BZ95,883$843,612.68
1.266%BANCO DO BRASIL S.A.BBAS3 BZ125,551$1,326,371.20
0.000%BANCO ESPIRITO SANTO-REGBES PL318,087$.00
0.822%INTESA SANPAOLOISP IM313,723$861,359.60
0.358%BANK MILLENNIUM SAMIL PW224,523$374,692.29
0.922%EDP-ENERGIAS DE PORTUGALEDP PL307,454$965,497.74
0.486%ING BANK SLASKI SAING PW11,456$508,949.57
0.322%MBANK SAMBK PW3,375$337,086.11
0.684%DNB ASADNB NO44,418$716,238.06
0.988%EVN AGEVN AV80,465$1,035,207.00
0.681%UNIQA INSURANCE GROUP AGUQA AV90,345$713,075.66
1.055%KARELIA TOBACCO CO. S.A.KARE GA3,990$1,104,747.65
3.142%LENZING AGLNZ AV19,419$3,291,994.82
1.203%KOMERCNI BANKA ASKOMB CP33,315$1,260,609.25
1.136%MAGYAR TELEKOM TELECOMMUN702,218$1,190,374.77
0.470%METKA SAMETTK GA65,550$492,703.01
0.994%OMV AGOMV AV26,505$1,040,849.33
3.158%CORTICEIRA AMORIM SACOR PL307,895$3,308,717.44
0.559%TELENOR ASATEL NO34,428$585,136.00
2.060%MOL HUNGARIAN OIL AND GASMOL HB30,022$2,157,683.44
1.434%SBERBANKSBER RM525,445$1,502,251.97
0.021%SAIPEM SPASPM IM50,825$22,110.22
0.949%STOREBRAND ASASTB NO147,063$994,423.28
1.115%PHILIP MORRIS CR ASTABAK CP2,185$1,168,537.80
1.054%VOESTALPINE AGVOE AV26,885$1,104,624.72
0.486%HELLENIC TELECOMMUN ORGANHTO GA53,814$508,949.40
0.394%KGHM POLSKA MIEDZ SAKGH PW13,452$412,929.14
0.825%ENDESA SAELE SM38,202$864,313.56
1.053%ERSTE GROUP BANK AGEBS AV33,820$1,103,444.52
1.361%UNIPETROL ASUNIPE CP157,700$1,425,563.04
0.302%BANK POLSKA KASA OPIEKIPEO PW9,281$316,809.74
0.627%HELLENIC PETROLEUM SAELPE GA118,465$656,648.44
0.731%BANCO BILBAO VIZCAYA ARGEBBVA SM98,563$766,246.81
0.180%ORANGE POLSKA SAOPL PW156,672$188,964.29
0.926%ACCIONA SAANA SM12,197$969,919.96
1.007%CEZ ASCEZ CP59,686$1,055,267.90
0.962%GAS NATURAL SDG SAGAS SM47,437$1,008,285.64
0.807%BANCO SANTANDER SASAN SM136,903$845,069.31
0.149%BANCO BPI SA.- REG SHSBPI PL135,591$155,725.68
0.443%INTRALOT S.A.-INTEGRATEDINLOT GA384,465$464,359.75
0.642%POLSKI KONCERN NAFTOWY ORPKN PW25,194$673,033.39
0.224%PHAROL SGPS SAPHR PL558,567$234,919.80
0.540%ATHENS WATER SUPPLY & SEWEYDAP GA103,075$565,784.27
1.142%SEMAPA-SOCIEDADE DE INVESSEM PL82,555$1,196,526.69
0.598%SONAESON PL665,950$626,235.74
0.329%ASSECO POLAND SAACP PW25,299$344,412.09
1.398%MOTOR OIL (HELLAS) SAMOH GA87,780$1,464,419.93
0.507%CHINA MOBILE LTD941 HK47,241$530,688.41
0.543%BEIJING ENTERPRISES HLDGS392 HK106,282$568,572.47
0.529%CHINA OVERSEAS LAND & INV688 HK179,758$554,305.04
0.631%CHINA RESOURCES LAND LTD1109 HK229,617$660,749.20
0.508%CITIC LTD267 HK367,429$531,734.48
0.581%CHINA UNICOM HONG KONG LT762 HK467,278$608,850.87
0.633%CHINA TAIPING INSURANCE H966 HK269,745$663,348.65
0.567%CHINA RESOURCES POWER HOL836 HK317,514$593,587.27
0.697%SHANGHAI INDUSTRIAL HLDG363 HK245,409$729,890.23
0.170%NAVIGATOR CO SA/ THENVG PL46,233$177,792.39
0.099%MOTA ENGIL SGPS SAEGL PL56,052$103,363.44
0.471%OPAP SAOPAP GA53,117$493,765.28
0.361%LPP SALPP PW231$378,492.23
0.548%STATOIL ASASTL NO33,667$573,787.14
0.990%ENEL SPAENEL IM223,535$1,037,040.41
0.763%ENI SPAENI IM49,305$799,152.54
0.396%BANK ZACHODNI WBKBZW PW4,692$414,584.47
0.660%JUMBO SABELA GA45,855$691,311.23
0.320%PUBLIC POWER CORPPPC GA117,743$335,211.39
2.248%OTP BANK PLCOTP HB81,333$2,354,617.53
0.668%BANK OF GREECETELL GA55,860$699,379.49
0.795%ENAGAS SAENG SM32,326$833,162.30
1.017%AGRANA BETEILIGUNGS AGAGR AV9,880$1,065,458.86
0.118%CIMPOR-CIMENTOS DE PORTUGCPR PL326,420$123,555.94
0.757%TELECOM ITALIA SPATIT IM875,567$792,665.26
0.994%ATLANTIA SPAATL IM39,862$1,041,579.06
0.530%YARA INTERNATIONAL ASAYAR NO14,454$555,114.99
1.164%BANCO BRADESCO SA-PREFBBDC4 BZ122,383$1,219,558.04
0.860%CIA SIDERURGICA NACIONALCSNA3 BZ287,945$900,473.53
0.485%CHINA POWER INTERNATIONAL2380 HK1,280,654$507,852.52
0.835%FERROVIAL SAFER SM43,423$874,734.86
0.381%PKO BANK POLSKI SAPKO PW48,364$399,278.00
0.494%CCC SACCC PW8,680$517,747.07
0.373%EUROCASH SAEUR PW48,115$391,260.96
0.790%RAIFFEISEN BANK INTERNATIRBI AV36,480$828,107.41
0.778%GRUPA LOTOS SALTS PW55,131$815,495.78
0.147%NOS SGPSNOS PL28,602$153,512.51
0.578%VIENNA INSURANCE GROUP AGVIG AV24,320$605,836.30
0.427%POLSKIE GORNICTWO NAFTOWEPGN PW293,028$447,523.70
0.913%COSAN SA INDUSTRIA COMERCCSAN3 BZ81,320$956,309.41
0.780%NORSK HYDRO ASANHY NO137,567$816,870.60
0.208%ALTRI SGPS SAALTR PL48,573$218,010.17
0.753%TGS NOPEC GEOPHYSICAL COTGS NO35,542$788,553.29
0.905%UNIPRO PJSCUPRO RM20,481,620$948,186.81
1.200%GALP ENERGIA SGPS SAGALP PL86,222$1,257,113.60
0.979%MAPFRE SAMAP SM302,149$1,025,410.22
0.496%PETROLEUM GEO-SERVICESPGS NO199,155$519,912.89
1.218%PEGAS NONWOVENS SAPEGAS CP39,045$1,275,471.14
0.994%JBS SAJBSS3 BZ302,241$1,041,529.26
0.452%JERONIMO MARTINSJMT PL28,362$473,923.42
0.611%CIA ENERGETICA MINAS GER-CMIG4 BZ204,630$640,579.74
0.195%REDES ENERGETICAS NACIONARENE PL70,560$203,926.24
0.795%CAIXABANK S.ACABK SM196,978$832,690.35
0.975%IBERDROLA SAIBE SM145,671$1,021,095.11
0.369%CYFROWY POLSAT SACPS PW64,763$386,463.91
0.314%GRUPA AZOTY SAATT PW18,432$328,479.55
0.888%TELEFONICA BRASIL S.A.-PRVIVT4 BZ63,080$929,826.49
0.503%GJENSIDIGE FORSIKRING ASAGJF NO34,023$526,594.34
2.093%BANCO SANTANDER BRASIL-USANB11223,352$2,192,259.39
0.735%FORTUNA ENTERTAINMENT GROFOREG CP182,020$770,036.84
0.188%TEIXEIRA DUARTE SATDSA PL808,545$197,057.23
1.488%AMAG AUSTRIA METALL AGAMAG AV35,483$1,558,910.19
0.340%LUBELSKI WEGIEL BOGDANKALWB PW17,790$355,813.49
0.203%PGE SAPGE PW71,643$213,035.05
1.014%GAZPROM NEFT OAOSIBN RM305,900$1,062,378.47
0.742%GAZPROM OAOGAZP RM340,765$777,441.56
0.749%URALKALIURKA RM269,895$785,029.43
0.956%ROSNEFT OIL COMPANYROSN RM180,880$1,001,668.48
1.311%VTB BANK OJSCVTBR RM1,180,547,710$1,373,107.66
2.078%SEVERSTAL PAOCHMF RM151,620$2,177,317.60
0.257%TAURON POLSKA ENERGIA SATPE PW338,580$269,675.71
0.306%POWSZECHNY ZAKLAD UBEZPIEPZU PW34,903$320,449.05
0.298%FF GROUPFFGRP GA15,999$312,630.09
1.845%ALROSA AOALRS RM1,153,680$1,933,215.24
0.660%UNIPOL GRUPPO FINANZIARIOUNI IM164,445$691,615.98
0.513%UNIPOLSAI SPAUS IM240,315$537,488.74
0.363%ALIOR BANK SAALR PW20,449$380,557.14
0.000%BANIF - BANCO INTERNACIONBANIF PL60,980,850$.00
2.225%RICHTER GEDEON NYRTRICHT HB103,862$2,330,481.83
0.869%AMBEV SAABEV3 BZ163,875$910,547.27
0.156%ENERGA SAENG PW59,961$163,591.33
0.097%CTT-CORREIOS DE PORTUGALCTT PL19,308$101,297.77
0.899%AKER SOLUTIONS ASAAKSO NO149,222$942,280.95
0.234%UNICREDIT SPAUCG IM15,703$245,375.25
0.002%PIRAEUS BANK S.ATPEIR GA12,365$2,093.51
0.036%ALPHA BANK A.E.ALPHA GA21,671$37,392.00
0.006%NATIONAL BANK OF GREECEETE GA26,907$6,383.63
0.008%BANCO COMERCIAL PORTUGUESBCP PL47,471$8,881.94
0.410%CASH429,385$429,408.13

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.