Global Value ETF (GVAL) - Full Holdings

PERCENTAGE OF
NET ASSETS
NAMEIDENTIFIERSHARES HELDMARKET VALUE
0.720%VALE SA-PREFVALE5 BZ112,379$977,658.91
0.998%BANCO DO BRASIL S.A.BBAS3 BZ146,687$1,354,894.30
0.000%BANCO ESPIRITO SANTO-REGBES PL318,087$.00
0.901%INTESA SANPAOLOISP IM366,555$1,222,347.93
0.394%BANK MILLENNIUM SAMIL PW262,331$534,477.47
0.915%EDP-ENERGIAS DE PORTUGALEDP PL359,230$1,242,257.79
0.512%ING BANK SLASKI SAING PW13,376$694,463.36
0.367%MBANK SAMBK PW3,935$497,584.32
0.732%DNB ASADNB NO51,890$993,125.55
1.041%EVN AGEVN AV94,017$1,412,143.33
0.769%UNIQA INSURANCE GROUP AGUQA AV105,561$1,043,503.39
1.200%KARELIA TOBACCO CO. S.A.KARE GA4,662$1,628,456.66
2.822%LENZING AGLNZ AV22,683$3,829,580.25
1.239%KOMERCNI BANKA ASKOMB CP38,915$1,681,265.91
1.252%OMV AGOMV AV30,969$1,698,904.86
3.838%CORTICEIRA AMORIM SACOR PL359,751$5,208,713.62
0.574%TELENOR ASATEL NO40,220$779,313.34
1.216%SBERBANKSBER RM613,941$1,649,753.93
1.045%STOREBRAND ASASTB NO171,831$1,418,016.57
1.278%PHILIP MORRIS CR ASTABAK CP2,553$1,734,764.35
1.137%VOESTALPINE AGVOE AV31,413$1,543,309.70
0.592%HELLENIC TELECOMMUN ORGANHTO GA62,870$803,763.87
0.369%KGHM POLSKA MIEDZ SAKGH PW15,708$501,291.77
0.754%ENDESA SAELE SM44,634$1,023,799.03
1.175%ERSTE GROUP BANK AGEBS AV39,516$1,594,489.12
1.832%UNIPETROL ASUNIPE CP184,260$2,486,633.01
0.277%BANK POLSKA KASA OPIEKIPEO PW10,833$375,597.26
0.973%HELLENIC PETROLEUM SAELPE GA138,417$1,319,945.54
0.742%BANCO BILBAO VIZCAYA ARGEBBVA SM115,155$1,007,480.55
0.191%ORANGE POLSKA SAOPL PW183,056$258,973.12
0.928%ACCIONA SAANA SM14,245$1,259,053.33
0.916%CEZ ASCEZ CP69,734$1,242,508.55
0.946%GAS NATURAL SDG SAGAS SM55,421$1,283,810.68
0.783%BANCO SANTANDER SASAN SM159,959$1,062,357.97
0.143%BANCO BPI SA.- REG SHSBPI PL158,423$194,235.80
0.509%INTRALOT S.A.-INTEGRATEDINLOT GA449,217$690,419.10
0.627%POLSKI KONCERN NAFTOWY ORPKN PW29,434$851,307.01
0.182%PHAROL SGPS SAPHR PL652,631$246,964.06
0.646%ATHENS WATER SUPPLY & SEWEYDAP GA120,435$876,426.33
0.564%MYTILINEOS HOLDINGS S.A.MYTIL GA76,590$765,141.99
1.394%SEMAPA-SOCIEDADE DE INVESSEM PL96,459$1,891,330.92
0.642%SONAESON PL778,110$871,562.93
0.273%ASSECO POLAND SAACP PW29,555$370,496.93
1.684%MOTOR OIL (HELLAS) SAMOH GA102,564$2,285,701.76
0.660%GOLDEN AGRI-RESOURCES LTDGGR SP3,207,900$895,337.50
0.595%CITY DEVELOPMENTS LTDCIT SP99,900$807,858.24
0.508%JARDINE CYCLE & CARRIAGEJCNC SP22,200$689,724.57
0.610%SATS LTDSATS SP222,000$828,321.70
0.624%CAPITALAND LTDCAPL SP310,800$846,910.03
0.523%COMFORTDELGRO CORP LTDCD SP421,800$709,454.28
0.615%SINGAPORE AIRLINES LTDSIA SP111,000$834,843.92
0.579%UNITED OVERSEAS BANK LTDUOB SP44,400$785,601.18
0.172%NAVIGATOR CO SA/ THENVG PL54,009$232,926.98
0.139%MOTA ENGIL SGPS SAEGL PL65,492$188,808.51
0.537%OPAP SAOPAP GA62,061$728,386.66
0.368%LPP SALPP PW263$499,207.97
0.507%STATOIL ASASTL NO39,331$687,450.37
1.089%ENEL SPAENEL IM261,183$1,477,964.00
0.646%ENI SPAENI IM57,609$876,024.38
0.398%BANK ZACHODNI WBKBZW PW5,476$540,047.41
0.676%JUMBO SABELA GA53,567$916,847.99
0.280%PUBLIC POWER CORPPPC GA137,567$379,616.69
0.823%BANK OF GREECETELL GA65,268$1,117,121.27
0.763%ENAGAS SAENG SM37,766$1,035,998.09
1.139%AGRANA BETEILIGUNGS AGAGR AV11,544$1,545,741.40
0.115%CIMPOR-CIMENTOS DE PORTUGCPR PL381,396$155,427.14
0.740%TELECOM ITALIA SPATIT IM1,023,023$1,004,738.78
1.019%ATLANTIA SPAATL IM46,566$1,382,584.85
0.485%YARA INTERNATIONAL ASAYAR NO16,886$657,537.44
1.089%BANCO BRADESCO SA-PREFBBDC4 BZ157,280$1,477,225.13
0.598%CIA SIDERURGICA NACIONALCSNA3 BZ336,441$811,370.94
0.818%FERROVIAL SAFER SM50,735$1,110,280.41
0.669%AKBANK T.A.S.AKBNK TI310,689$908,306.91
0.762%EREGLI DEMIR VE CELIK FABEREGL TI468,420$1,033,661.86
0.619%KOC HOLDING ASKCHOL TI178,821$839,476.21
0.819%PETKIM PETROKIMYA HOLDINGPETKM TI612,387$1,112,069.38
0.671%TURK SISE VE CAM FABRIKALSISE TI727,564$910,132.83
0.687%TURKIYE IS BANKASI-CISCTR TI425,463$931,692.63
0.658%YAPI VE KREDI BANKASIYKBNK TI690,642$893,067.37
0.623%HACI OMER SABANCI HOLDINGSAHOL TI278,055$844,947.66
0.411%PKO BANK POLSKI SAPKO PW56,508$557,132.00
0.475%CCC SACCC PW10,136$644,728.77
0.368%EUROCASH SAEUR PW56,211$499,704.51
0.806%RAIFFEISEN BANK INTERNATIRBI AV42,624$1,093,826.58
0.654%SEMBCORP INDUSTRIES LTDSCI SP366,300$887,836.94
0.657%GRUPA LOTOS SALTS PW64,411$891,005.64
0.155%NOS SGPSNOS PL33,418$210,231.65
0.616%VIENNA INSURANCE GROUP AGVIG AV28,416$836,416.70
0.663%OVERSEA-CHINESE BANKING COCBC SP111,000$900,066.10
0.449%POLSKIE GORNICTWO NAFTOWEPGN PW342,372$609,658.73
0.722%TURKIYE VAKIFLAR BANKASIVAKBN TI487,623$980,084.74
0.793%COSAN SA INDUSTRIA COMERCCSAN3 BZ95,016$1,075,977.52
0.779%NORSK HYDRO ASANHY NO160,735$1,056,542.95
0.196%ALTRI SGPS SAALTR PL56,749$265,359.47
0.627%TGS NOPEC GEOPHYSICAL COTGS NO41,526$850,241.45
0.721%UNIPRO PJSCUPRO RM23,931,156$978,970.13
1.151%GALP ENERGIA SGPS SAGALP PL100,734$1,561,708.34
0.963%MAPFRE SAMAP SM353,029$1,306,312.12
0.369%PETROLEUM GEO-SERVICESPGS NO232,691$500,835.58
1.519%PEGAS NONWOVENS SAPEGAS CP45,621$2,061,737.98
0.571%JBS SAJBSS3 BZ353,137$774,214.09
0.748%TURKIYE HALK BANKASIHALKB TI249,528$1,015,690.17
0.491%JERONIMO MARTINSJMT PL33,130$666,187.46
0.497%CIA ENERGETICA MINAS GER-CMIG4 BZ239,094$673,846.62
0.195%REDES ENERGETICAS NACIONARENE PL82,432$264,423.54
0.837%CAIXABANK S.ACABK SM230,146$1,136,460.60
0.979%IBERDROLA SAIBE SM170,199$1,328,735.29
0.396%CYFROWY POLSAT SACPS PW75,659$537,248.12
0.295%GRUPA AZOTY SAATT PW21,536$400,429.03
0.790%TELEFONICA BRASIL S.A.-PRVIVT4 BZ73,704$1,071,632.39
0.499%GJENSIDIGE FORSIKRING ASAGJF NO39,751$677,421.60
1.540%BANCO SANTANDER BRASIL-USANB11260,968$2,089,568.23
0.981%FORTUNA ENTERTAINMENT GROFOREG CP212,676$1,330,957.03
0.276%TEIXEIRA DUARTE SATDSA PL944,721$373,994.46
1.657%AMAG AUSTRIA METALL AGAMAG AV41,451$2,249,073.30
0.281%LUBELSKI WEGIEL BOGDANKALWB PW20,782$380,676.97
0.219%PGE SAPGE PW83,707$297,198.14
0.849%GAZPROM NEFT OAOSIBN RM357,420$1,152,257.19
0.582%GAZPROM OAOGAZP RM398,157$790,312.22
0.509%URALKALIURKA RM315,351$690,712.58
0.813%ROSNEFT OIL COMPANYROSN RM211,344$1,102,878.62
1.075%VTB BANK OJSCVTBR RM1,379,376,798$1,458,928.61
1.820%SEVERSTAL PAOCHMF RM177,156$2,470,077.66
0.299%TAURON POLSKA ENERGIA SATPE PW395,604$406,246.36
0.365%POWSZECHNY ZAKLAD UBEZPIEPZU PW40,775$495,001.71
0.338%FF GROUPFFGRP GA18,687$458,226.95
1.411%ALROSA AOALRS RM1,347,984$1,915,186.93
0.649%UNIPOL GRUPPO FINANZIARIOUNI IM192,141$880,557.70
0.469%UNIPOLSAI SPAUS IM280,779$636,848.68
0.285%ALIOR BANK SAALR PW23,889$387,156.43
0.000%BANIF - BANCO INTERNACIONBANIF PL60,980,850$.00
0.017%SAIPEM SPASPM IM5,934$23,629.60
0.844%AMBEV SAABEV3 BZ191,475$1,144,986.73
0.171%ENERGA SAENG PW70,057$231,896.99
0.106%CTT-CORREIOS DE PORTUGALCTT PL22,556$143,238.54
0.634%AKER SOLUTIONS ASAAKSO NO174,342$859,760.42
0.264%UNICREDIT SPAUCG IM18,343$357,740.29
0.258%HOLDING CO ADMIE IPTO SAADMIE GA137,567$350,785.04
0.003%PIRAEUS BANK S.ATPEIR GA14,445$4,473.85
0.049%ALPHA BANK A.E.ALPHA GA25,319$66,919.87
0.010%NATIONAL BANK OF GREECEETE GA31,435$13,542.47
0.012%BANCO COMERCIAL PORTUGUESBCP PL55,455$16,219.71
0.614%CASH4,228,058$833,289.69

Data as of 7/24/2017

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.