Shareholder Yield (SYLD) - Full Holdings

PERCENTAGE OF
NET ASSETS
NAMEIDENTIFIERSHARES HELDMARKET VALUE
1.021%CASH1,257,158$1,257,158.41
0.000%CANADIAN DOLLAR$.06
1.126%AFLAC INCAFL17,149$1,385,982.18
0.684%AES CORPAES75,282$841,652.76
1.355%ALCOA UPSTREAM CORPAA42,515$1,667,863.45
1.573%ALLSTATE CORPALL20,510$1,935,733.80
0.895%AMERICAN EAGLE OUTFITTERSAEO96,188$1,101,352.60
0.929%AMERICAN EXPRESS COAXP13,090$1,143,935.10
0.889%AMERICAN FINANCIAL GROUPAFG10,476$1,094,427.72
1.002%AMERICAN INTERNATIONAL GRAIG19,585$1,233,267.45
1.259%AMERIPRISE FINANCIAL INCAMP10,807$1,549,291.52
1.656%APPLE INCAAPL12,663$2,038,109.85
0.957%APPLIED MATERIALS INCAMAT26,504$1,178,367.84
0.398%ARCHER-DANIELS-MIDLAND COADM11,624$489,951.60
1.355%ASSURANT INCAIZ16,247$1,667,104.67
1.103%BANK OF AMERICA CORPBAC56,112$1,357,349.28
1.164%BEST BUY CO INCBBY23,617$1,432,843.39
0.072%BRIGHTHOUSE FINANCIAL INCBHF1,531$88,032.50
1.020%CBS CORP-CLASS B NON VOTICBS18,864$1,254,833.28
1.141%CNO FINANCIAL GROUP INCCNO60,804$1,403,964.36
0.475%CVR ENERGY INCCVI32,852$585,094.12
0.992%CVS HEALTH CORPCVS15,408$1,221,084.00
0.740%CALATLANTIC GROUP INCCAA25,416$910,909.44
0.741%CARNIVAL CORPCCL13,248$912,389.76
0.326%CENTURYLINK INCCTL19,180$400,670.20
1.281%CHILDREN'S PLACE INC/THEPLCE15,729$1,576,832.25
0.851%COOPER TIRE RUBBERCTB31,110$1,046,851.50
1.203%CORNING INCGLW52,038$1,480,481.10
1.387%CUMMINS INCCMI11,055$1,706,670.90
1.013%DELTA AIR LINES INCDAL24,867$1,246,582.71
0.306%DILLARDS INC-CL ADDS6,724$376,073.32
1.368%DR PEPPER SNAPPLE GROUP IDPS18,216$1,683,887.04
0.760%EXPRESS SCRIPTS HOLDING CESRX15,086$935,332.00
0.517%FAIRFAX FINANCIAL HLDGS LFRFHF1,345$636,243.37
1.121%FIFTH THIRD BANCORPFITB51,408$1,379,276.64
0.445%FINISH LINE/THE - CL AFINL45,024$547,491.84
0.327%FRANCESCAS HOLDINGS CORPFRAN49,439$402,927.85
0.697%FRANKLIN RESOURCES INCBEN20,016$857,285.28
0.875%GATX CORPGATX17,346$1,077,533.52
0.734%GAP INC/THEGPS40,032$903,522.24
0.815%GENERAL DYNAMICS CORPGD5,003$1,003,651.83
2.075%GREEN DOT CORP-CLASS AGDOT54,400$2,554,080.00
0.975%GREENBRIER COMPANIES INCGBX26,281$1,199,727.65
0.635%GROUP 1 AUTOMOTIVE INCGPI14,124$781,622.16
0.653%GUESS? INCGES61,781$803,770.81
0.674%HP INCHPQ43,733$829,615.01
1.083%HARTFORD FINANCIAL SVCS GHIG23,577$1,332,336.27
0.552%HOLLYFRONTIER CORPHFC24,411$679,114.02
1.618%HOME DEPOT INCHD13,076$1,990,821.00
1.264%HUNTSMAN CORPHUN60,693$1,556,168.52
0.840%JPMORGAN CHASE COJPM11,225$1,033,710.25
0.679%KOHLS CORPKSS22,066$836,080.74
0.866%LEAR CORPLEA7,329$1,066,076.34
0.835%LEUCADIA NATIONAL CORPLUK41,670$1,027,582.20
1.022%LINCOLN NATIONAL CORPLNC17,678$1,257,612.92
1.366%LOWE'S COS INCLOW22,320$1,681,812.00
0.714%M T BANK CORPMTB5,544$879,278.40
0.803%MRC GLOBAL INCMRC63,358$988,384.80
0.233%MACY'S INCM14,212$286,229.68
1.213%MANPOWERGROUP INCMAN13,754$1,493,134.24
0.654%MARRIOTT VACATIONS WORLDVAC7,272$804,719.52
0.630%MCKESSON CORPMCK5,256$775,995.84
0.656%METLIFE INCMET16,848$807,861.60
0.696%MURPHY OIL CORPMUR34,770$856,732.80
0.491%NETAPP INCNTAP14,253$604,469.73
2.014%NORTHROP GRUMMAN CORPNOC9,181$2,478,778.19
1.223%NU SKIN ENTERPRISES INC -NUS27,121$1,505,486.71
1.201%O'REILLY AUTOMOTIVE INCORLY7,330$1,477,581.40
0.557%OFFICE DEPOT INCODP159,048$685,496.88
0.905%PNC FINANCIAL SERVICES GRPNC8,563$1,114,046.30
1.672%PACKAGING CORP OF AMERICAPKG18,466$2,057,851.04
1.483%PARKER HANNIFIN CORPPH11,498$1,825,767.42
0.865%PRINCIPAL FINANCIAL GROUPPFG16,336$1,064,453.76
0.747%PROSPECT CAPITAL CORPPSEC117,866$919,354.80
0.831%PRUDENTIAL FINANCIAL INCPRU9,725$1,023,167.25
0.787%REALOGY HOLDINGS CORPRLGY27,936$969,099.84
0.662%ROBERT HALF INTL INCRHI18,576$814,371.84
1.368%SANMINA CORPSANM45,801$1,683,186.75
1.175%SIX FLAGS ENTERTAINMENT CSIX26,577$1,446,320.34
1.541%SOUTHWEST AIRLINES COLUV34,298$1,897,022.38
0.891%SPIRIT AEROSYSTEMS HOLD-CSPR15,624$1,096,648.56
0.762%STATE STREET CORPSTT10,080$937,843.20
0.514%STURM RUGER CO INCRGR13,104$632,268.00
1.397%SUNTRUST BANKS INCSTI29,918$1,719,088.28
0.818%SYNOVUS FINANCIAL CORPSNV23,509$1,007,125.56
0.588%TARGET CORPTGT12,855$723,865.05
1.626%TEXAS INSTRUMENTS INCTXN24,264$2,000,809.44
1.409%TRAVELERS COS INC/THETRV13,398$1,734,639.06
0.748%US BANCORPUSB17,414$920,329.90
1.491%UNITED CONTINENTAL HOLDINUAL27,414$1,834,544.88
1.294%UNUM GROUPUNM32,184$1,593,108.00
0.850%VALERO ENERGY CORPVLO15,851$1,046,007.49
0.721%VISTEON CORPVC7,745$886,957.40
0.847%WABASH NATIONAL CORPWNC50,738$1,042,158.52
1.087%WAL-MART STORES INCWMT16,518$1,337,627.64
1.031%WHIRLPOOL CORPWHR7,290$1,269,261.90
0.877%WORTHINGTON INDUSTRIESWOR21,570$1,078,931.40
0.821%XEROX CORPXRX31,176$1,010,414.16
1.516%ASSURED GUARANTY LTDAGO43,136$1,866,063.36
1.329%AXIS CAPITAL HOLDINGS LTDAXS25,592$1,635,328.80
1.421%EATON CORP PLCETN24,059$1,748,367.53
1.650%EVEREST RE GROUP LTDRE7,610$2,031,185.10
0.818%TRINSEO SATSE16,566$1,007,212.80
0.664%LYONDELLBASELL INDU-CL ALYB9,322$817,166.52

Data as of 08/17/2017

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.