Global Value ETF (GVAL) - Full Holdings

PERCENTAGE OF
NET ASSETS
NAMEIDENTIFIERSHARES HELDMARKET VALUE
0.768%VALE SA-PREFVALE5 BZ100,007$862,159.41
1.202%BANCO DO BRASIL S.A.BBAS3 BZ130,835$1,348,861.53
0.000%BANCO ESPIRITO SANTO-REGBES PL318,087$.00
0.878%INTESA SANPAOLOISP IM326,931$985,444.91
0.375%BANK MILLENNIUM SAMIL PW233,975$421,319.89
0.974%EDP-ENERGIAS DE PORTUGALEDP PL320,398$1,092,604.38
0.495%ING BANK SLASKI SAING PW11,936$555,112.45
0.340%MBANK SAMBK PW3,515$381,544.53
0.668%DNB ASADNB NO46,286$749,947.64
0.983%EVN AGEVN AV83,853$1,102,810.07
0.701%UNIQA INSURANCE GROUP AGUQA AV94,149$786,591.50
1.066%KARELIA TOBACCO CO. S.A.KARE GA4,158$1,196,016.76
3.215%LENZING AGLNZ AV20,235$3,607,346.36
1.192%KOMERCNI BANKA ASKOMB CP34,715$1,337,438.05
1.114%MAGYAR TELEKOM TELECOMMUN731,782$1,250,105.75
0.467%METKA SAMETTK GA68,310$524,467.31
1.059%OMV AGOMV AV27,621$1,188,271.24
3.326%CORTICEIRA AMORIM SACOR PL320,859$3,732,061.15
0.527%TELENOR ASATEL NO35,876$590,925.96
2.105%MOL HUNGARIAN OIL AND GASMOL HB31,286$2,362,268.56
1.413%SBERBANKSBER RM547,569$1,586,088.85
0.021%SAIPEM SPASPM IM52,965$23,958.88
0.927%STOREBRAND ASASTB NO153,255$1,040,003.83
1.106%PHILIP MORRIS CR ASTABAK CP2,277$1,240,750.65
1.035%VOESTALPINE AGVOE AV28,017$1,161,948.79
0.486%HELLENIC TELECOMMUN ORGANHTO GA56,078$545,244.52
0.401%KGHM POLSKA MIEDZ SAKGH PW14,016$450,301.59
0.852%ENDESA SAELE SM39,810$956,140.12
1.106%ERSTE GROUP BANK AGEBS AV35,244$1,241,189.50
1.511%UNIPETROL ASUNIPE CP164,340$1,695,958.66
0.309%BANK POLSKA KASA OPIEKIPEO PW9,669$346,842.43
0.626%HELLENIC PETROLEUM SAELPE GA123,453$702,104.93
0.764%BANCO BILBAO VIZCAYA ARGEBBVA SM102,711$857,113.88
0.168%ORANGE POLSKA SAOPL PW163,268$188,666.00
0.923%ACCIONA SAANA SM12,709$1,035,534.76
0.977%CEZ ASCEZ CP62,198$1,095,792.45
1.010%GAS NATURAL SDG SAGAS SM49,433$1,133,466.96
0.840%BANCO SANTANDER SASAN SM142,667$942,448.22
0.147%BANCO BPI SA.- REG SHSBPI PL141,299$164,583.29
0.488%INTRALOT S.A.-INTEGRATEDINLOT GA400,653$547,741.24
0.727%POLSKI KONCERN NAFTOWY ORPKN PW26,254$816,271.12
0.161%PHAROL SGPS SAPHR PL582,083$180,800.77
0.550%ATHENS WATER SUPPLY & SEWEYDAP GA107,415$616,767.20
1.205%SEMAPA-SOCIEDADE DE INVESSEM PL86,031$1,351,629.41
0.630%SONAESON PL693,990$706,642.78
0.333%ASSECO POLAND SAACP PW26,363$373,628.38
1.427%MOTOR OIL (HELLAS) SAMOH GA91,476$1,600,752.46
0.469%CHINA MOBILE LTD941 HK49,229$526,506.60
0.495%BEIJING ENTERPRISES HLDGS392 HK110,754$555,243.53
0.492%CHINA OVERSEAS LAND & INV688 HK187,326$552,637.35
0.607%CHINA RESOURCES LAND LTD1109 HK239,285$681,316.15
0.488%CITIC LTD267 HK382,897$547,326.19
0.571%CHINA UNICOM HONG KONG LT762 HK486,950$640,979.01
0.617%CHINA TAIPING INSURANCE H966 HK281,101$692,336.73
0.527%CHINA RESOURCES POWER HOL836 HK330,882$591,217.69
0.721%SHANGHAI INDUSTRIAL HLDG363 HK255,741$808,713.97
0.178%NAVIGATOR CO SA/ THENVG PL48,177$200,015.19
0.124%MOTA ENGIL SGPS SAEGL PL58,412$139,269.37
0.488%OPAP SAOPAP GA55,353$547,276.28
0.375%LPP SALPP PW239$420,377.07
0.521%STATOIL ASASTL NO35,083$584,426.16
1.006%ENEL SPAENEL IM232,947$1,128,646.34
0.725%ENI SPAENI IM51,381$813,707.17
0.426%BANK ZACHODNI WBKBZW PW4,888$477,832.52
0.659%JUMBO SABELA GA47,783$739,480.77
0.372%PUBLIC POWER CORPPPC GA122,699$417,348.10
2.220%OTP BANK PLCOTP HB84,757$2,491,470.01
0.646%BANK OF GREECETELL GA58,212$724,522.39
0.796%ENAGAS SAENG SM33,686$893,056.82
0.930%AGRANA BETEILIGUNGS AGAGR AV10,296$1,043,867.31
0.099%CIMPOR-CIMENTOS DE PORTUGCPR PL340,164$110,866.83
0.736%TELECOM ITALIA SPATIT IM912,431$826,280.30
0.911%ATLANTIA SPAATL IM41,538$1,022,174.71
0.527%YARA INTERNATIONAL ASAYAR NO15,062$590,911.79
1.153%BANCO BRADESCO SA-PREFBBDC4 BZ127,535$1,293,384.52
0.646%CIA SIDERURGICA NACIONALCSNA3 BZ300,069$724,825.05
0.443%CHINA POWER INTERNATIONAL2380 HK1,334,574$497,508.08
0.852%FERROVIAL SAFER SM45,251$955,916.43
0.398%PKO BANK POLSKI SAPKO PW50,400$446,203.75
0.479%CCC SACCC PW9,044$538,009.74
0.386%EUROCASH SAEUR PW50,139$433,630.38
0.765%RAIFFEISEN BANK INTERNATIRBI AV38,016$858,585.41
0.746%GRUPA LOTOS SALTS PW57,451$837,591.40
0.153%NOS SGPSNOS PL29,806$171,762.72
0.583%VIENNA INSURANCE GROUP AGVIG AV25,344$654,576.09
0.463%POLSKIE GORNICTWO NAFTOWEPGN PW305,364$519,805.54
0.881%COSAN SA INDUSTRIA COMERCCSAN3 BZ84,744$988,538.78
0.795%NORSK HYDRO ASANHY NO143,359$892,406.32
0.210%ALTRI SGPS SAALTR PL50,617$235,832.16
0.715%TGS NOPEC GEOPHYSICAL COTGS NO37,038$802,307.79
0.880%UNIPRO PJSCUPRO RM21,344,004$986,994.97
1.268%GALP ENERGIA SGPS SAGALP PL89,850$1,422,930.45
1.013%MAPFRE SAMAP SM314,869$1,136,425.25
0.438%PETROLEUM GEO-SERVICESPGS NO207,539$491,295.53
1.238%PEGAS NONWOVENS SAPEGAS CP40,689$1,389,292.38
0.932%JBS SAJBSS3 BZ314,965$1,045,734.39
0.480%JERONIMO MARTINSJMT PL29,554$538,664.83
0.565%CIA ENERGETICA MINAS GER-CMIG4 BZ213,246$634,231.62
0.193%REDES ENERGETICAS NACIONARENE PL73,528$216,081.44
0.830%CAIXABANK S.ACABK SM205,270$931,239.22
0.977%IBERDROLA SAIBE SM151,803$1,096,106.89
0.372%CYFROWY POLSAT SACPS PW67,487$417,028.95
0.311%GRUPA AZOTY SAATT PW19,208$348,915.14
0.890%TELEFONICA BRASIL S.A.-PRVIVT4 BZ65,736$998,418.51
0.484%GJENSIDIGE FORSIKRING ASAGJF NO35,455$543,373.24
1.712%BANCO SANTANDER BRASIL-USANB11232,756$1,921,625.02
0.771%FORTUNA ENTERTAINMENT GROFOREG CP189,684$865,195.18
0.243%TEIXEIRA DUARTE SATDSA PL842,589$272,774.97
1.567%AMAG AUSTRIA METALL AGAMAG AV36,975$1,758,913.77
0.298%LUBELSKI WEGIEL BOGDANKALWB PW18,538$334,679.20
0.202%PGE SAPGE PW74,659$227,095.21
1.012%GAZPROM NEFT OAOSIBN RM318,780$1,136,116.18
0.734%GAZPROM OAOGAZP RM355,113$823,908.99
0.668%URALKALIURKA RM281,259$749,539.51
0.958%ROSNEFT OIL COMPANYROSN RM188,496$1,075,368.55
1.292%VTB BANK OJSCVTBR RM1,230,254,982$1,449,538.19
1.995%SEVERSTAL PAOCHMF RM158,004$2,238,395.87
0.259%TAURON POLSKA ENERGIA SATPE PW352,836$290,708.49
0.337%POWSZECHNY ZAKLAD UBEZPIEPZU PW36,371$377,882.97
0.320%FF GROUPFFGRP GA16,671$358,643.56
1.818%ALROSA AOALRS RM1,202,256$2,039,770.01
0.668%UNIPOL GRUPPO FINANZIARIOUNI IM171,369$749,703.06
0.518%UNIPOLSAI SPAUS IM250,431$581,206.54
0.365%ALIOR BANK SAALR PW21,309$409,661.05
0.000%BANIF - BANCO INTERNACIONBANIF PL60,980,850$.00
2.416%RICHTER GEDEON NYRTRICHT HB108,234$2,710,803.20
0.883%AMBEV SAABEV3 BZ170,775$990,895.59
0.147%ENERGA SAENG PW62,485$165,132.92
0.102%CTT-CORREIOS DE PORTUGALCTT PL20,120$114,514.98
0.773%AKER SOLUTIONS ASAAKSO NO155,502$867,470.02
0.252%UNICREDIT SPAUCG IM16,363$283,117.32
0.002%PIRAEUS BANK S.ATPEIR GA12,885$2,564.80
0.041%ALPHA BANK A.E.ALPHA GA22,583$45,693.08
0.008%NATIONAL BANK OF GREECEETE GA28,039$8,555.86
0.010%BANCO COMERCIAL PORTUGUESBCP PL49,467$11,161.22
0.431%CASH846,353$484,102.74

Data as of 4/25/2017

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.