Shareholder Yield (SYLD) - Full Holdings

PERCENTAGE OF
NET ASSETS
NAMEIDENTIFIERSHARES HELDMARKET VALUE
0.629%LYONDELLBASELL INDU-CL ALYB9,322$765,056.54
0.873%TRINSEO SATSE16,566$1,061,880.60
0.996%ALLIED WORLD ASSURANCEAWH23,217$1,211,463.06
1.586%EVEREST RE GROUP LTDRE7,610$1,928,450.10
1.512%EATON CORP PLCETN24,059$1,838,829.37
1.351%AXIS CAPITAL HOLDINGS LTDAXS25,592$1,643,006.40
1.471%ASSURED GUARANTY LTDAGO43,136$1,789,281.28
0.743%XEROX CORPXRX31,176$903,480.48
0.805%WORTHINGTON INDUSTRIESWOR21,570$978,415.20
1.130%WHIRLPOOL CORPWHR7,290$1,374,310.80
1.032%WAL-MART STORES INCWMT16,518$1,255,533.18
0.879%WABASH NATIONAL CORPWNC50,738$1,069,049.66
0.630%VISTEON CORPVC7,745$766,135.40
0.871%VALERO ENERGY CORPVLO15,851$1,059,005.31
1.206%UNUM GROUPUNM32,184$1,466,624.88
1.713%UNITED CONTINENTAL HOLDINUAL27,414$2,083,464.00
0.736%US BANCORPUSB17,414$895,427.88
1.403%TRAVELERS COS INC/THETRV13,398$1,706,637.24
1.535%TEXAS INSTRUMENTS INCTXN24,264$1,867,114.80
0.550%TARGET CORPTGT12,855$669,359.85
0.828%SYNOVUS FINANCIAL CORPSNV23,509$1,007,360.65
1.358%SUNTRUST BANKS INCSTI29,918$1,651,772.78
0.704%STURM RUGER CO INCRGR13,104$855,691.20
0.729%STATE STREET CORPSTT10,080$886,032.00
0.729%SPIRIT AEROSYSTEMS HOLD-CSPR15,624$886,037.04
1.735%SOUTHWEST AIRLINES COLUV34,298$2,109,669.98
1.322%SIX FLAGS ENTERTAINMENT CSIX26,577$1,607,908.50
1.425%SANMINA CORPSANM45,801$1,733,567.85
0.726%ROBERT HALF INTL INCRHI18,576$882,917.28
0.736%REALOGY HOLDINGS CORPRLGY27,936$895,069.44
0.836%PRUDENTIAL FINANCIAL INCPRU9,725$1,017,235.00
0.791%PROSPECT CAPITAL CORPPSEC117,866$961,786.56
0.852%PRINCIPAL FINANCIAL GROUPPFG16,336$1,035,702.40
1.477%PARKER HANNIFIN CORPPH11,498$1,796,217.56
1.679%PACKAGING CORP OF AMERICAPKG18,466$2,042,524.26
0.853%PNC FINANCIAL SERVICES GRPNC8,563$1,037,150.56
0.730%OFFICE DEPOT INCODP159,048$887,487.84
1.337%O'REILLY AUTOMOTIVE INCORLY7,330$1,626,307.10
1.401%NU SKIN ENTERPRISES INC -NUS27,121$1,704,283.64
1.928%NORTHROP GRUMMAN CORPNOC9,181$2,344,184.73
0.464%NETAPP INCNTAP14,253$564,846.39
0.693%MURPHY OIL CORPMUR34,770$843,172.50
0.734%METLIFE INCMET16,848$892,607.04
0.720%MCKESSON CORPMCK5,256$876,122.64
0.714%MARRIOTT VACATIONS WORLDVAC7,272$867,985.92
1.209%MANPOWERGROUP INCMAN13,754$1,470,715.22
0.270%MACY'S INCM14,212$328,155.08
0.818%MRC GLOBAL INCMRC63,358$994,720.60
0.726%M T BANK CORPMTB5,544$882,383.04
1.401%LOWE'S COS INCLOW22,320$1,703,685.60
0.954%LINCOLN NATIONAL CORPLNC17,678$1,160,030.36
0.883%LEUCADIA NATIONAL CORPLUK41,670$1,073,835.90
0.832%LEAR CORPLEA7,329$1,012,428.06
0.697%KOHLS CORPKSS22,066$847,555.06
0.813%JPMORGAN CHASE COJPM11,225$988,361.25
1.265%HUNTSMAN CORPHUN60,693$1,537,960.62
1.637%HOME DEPOT INCHD13,076$1,990,690.24
0.555%HOLLYFRONTIER CORPHFC24,411$674,964.15
1.012%HARTFORD FINANCIAL SVCS GHIG23,577$1,230,719.40
0.639%HP INCHPQ43,733$777,135.41
0.615%GUESS? INCGES61,781$747,550.10
0.713%GROUP 1 AUTOMOTIVE INCGPI14,124$866,931.12
1.069%GREENBRIER COMPANIES INCGBX26,281$1,299,595.45
1.707%GREEN DOT CORP-CLASS AGDOT54,400$2,076,448.00
0.818%GENERAL DYNAMICS CORPGD5,003$994,796.52
0.741%GAP INC/THEGPS40,032$901,520.64
0.897%GATX CORPGATX17,346$1,090,889.94
0.732%FRANKLIN RESOURCES INCBEN20,016$889,911.36
0.445%FRANCESCAS HOLDINGS CORPFRAN49,439$540,862.66
0.522%FINISH LINE/THE - CL AFINL45,024$634,388.16
1.061%FIFTH THIRD BANCORPFITB51,408$1,289,826.72
0.802%EXPRESS SCRIPTS HOLDING CESRX15,086$974,857.32
1.372%DR PEPPER SNAPPLE GROUP IDPS18,216$1,669,132.08
0.305%DILLARDS INC-CL ADDS6,724$371,232.04
1.080%DELTA AIR LINES INCDAL24,867$1,313,972.28
1.438%CUMMINS INCCMI11,055$1,748,901.00
1.283%CORNING INCGLW52,038$1,560,619.62
0.907%COOPER TIRE RUBBERCTB31,110$1,102,849.50
1.306%CHILDREN'S PLACE INC/THEPLCE15,729$1,588,629.00
0.387%CENTURYLINK INCCTL19,180$471,060.80
0.709%CARNIVAL CORPCCL13,248$861,782.40
0.724%CALATLANTIC GROUP INCCAA25,416$880,664.40
1.020%CVS HEALTH CORPCVS15,408$1,240,189.92
0.580%CVR ENERGY INCCVI32,852$705,660.96
1.008%CNO FINANCIAL GROUP INCCNO60,804$1,225,808.64
0.993%CBS CORP-CLASS B NON VOTICBS18,864$1,207,673.28
1.091%BEST BUY CO INCBBY23,617$1,326,803.06
1.074%BANK OF AMERICA CORPBAC56,112$1,305,726.24
1.385%ASSURANT INCAIZ16,247$1,683,839.08
0.392%ARCHER-DANIELS-MIDLAND COADM11,624$476,584.00
0.913%APPLIED MATERIALS INCAMAT26,504$1,110,252.56
1.497%APPLE INCAAPL12,663$1,820,052.99
1.118%AMERIPRISE FINANCIAL INCAMP10,807$1,359,412.53
1.021%AMERICAN INTERNATIONAL GRAIG19,585$1,241,884.85
0.849%AMERICAN FINANCIAL GROUPAFG10,476$1,032,514.56
0.894%AMERICAN EXPRESS COAXP13,090$1,087,517.20
0.926%AMERICAN EAGLE OUTFITTERSAEO96,188$1,126,361.48
1.487%ALLSTATE CORPALL20,510$1,808,366.70
1.106%ALCOA UPSTREAM CORPAA42,515$1,344,749.45
0.712%AES CORPAES75,282$865,743.00
1.097%AFLAC INCAFL17,149$1,333,677.73
0.000%CANADIAN DOLLARCAD$.09

Data as of 06/28/2017

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.