Shareholder Yield (SYLD) - Full Holdings

1.104%AFLAC INCAFL15,959$1,338,162.15
0.643%AES CORPAES70,052$779,678.76
0.775%AETNA INCAET5,845$940,109.80
1.564%ALCOA UPSTREAM CORPAA39,565$1,896,350.45
1.463%ALLSTATE CORPALL19,085$1,774,332.45
0.997%AMERICAN EAGLE OUTFITTERSAEO89,508$1,208,358.00
0.926%AMERICAN EXPRESS COAXP12,185$1,122,116.65
0.847%AMERICAN FINANCIAL GROUPAFG9,751$1,026,390.26
0.975%AMERICAN INTERNATIONAL GRAIG18,225$1,182,255.75
1.278%AMERIPRISE FINANCIAL INCAMP10,057$1,549,984.84
1.519%APPLE INCAAPL11,783$1,841,093.75
1.141%APPLIED MATERIALS INCAMAT24,664$1,383,403.76
0.388%ARCHER-DANIELS-MIDLAND COADM10,814$470,300.86
1.246%ASSURANT INCAIZ15,117$1,510,037.13
1.170%BANK OF AMERICA CORPBAC52,217$1,418,735.89
1.012%BEST BUY CO INCBBY21,977$1,226,975.91
0.716%HR BLOCK INCHRB33,769$868,538.68
0.771%BOEING CO/THEBA3,532$935,097.00
0.853%CBS CORP-CLASS B NON VOTICBS17,554$1,034,281.68
1.133%CNO FINANCIAL GROUP INCCNO56,584$1,373,859.52
0.691%CVR ENERGY INCCVI30,572$837,978.52
0.899%CVS HEALTH CORPCVS14,338$1,089,544.62
0.759%CALATLANTIC GROUP INCCAA23,651$920,260.41
0.670%CARNIVAL CORPCCL12,328$812,168.64
0.280%CENTURYLINK INCCTL17,850$339,864.00
1.216%CHILDREN'S PLACE INC/THEPLCE14,634$1,474,375.50
0.899%COOPER TIRE RUBBERCTB28,950$1,089,967.50
1.201%CORNING INCGLW48,423$1,455,595.38
1.503%CUMMINS INCCMI10,290$1,822,359.00
1.017%DELTA AIR LINES INCDAL23,142$1,232,774.34
0.278%DILLARDS INC-CL ADDS6,259$336,796.79
1.245%DR PEPPER SNAPPLE GROUP IDPS16,951$1,509,147.53
0.756%EASTMAN CHEMICAL COEMN10,318$916,444.76
0.689%EXPRESS SCRIPTS HOLDING CESRX14,041$835,579.91
1.128%FIFTH THIRD BANCORPFITB47,838$1,368,166.80
0.365%FINISH LINE/THE - CL AFINL41,899$442,872.43
0.814%GATX CORPGATX16,146$986,520.60
0.828%GAP INC/THEGPS37,252$1,004,313.92
0.822%GENERAL DYNAMICS CORPGD4,658$996,159.88
2.268%GREEN DOT CORP-CLASS AGDOT50,620$2,749,678.40
1.033%GREENBRIER COMPANIES INCGBX24,456$1,252,147.20
0.755%GROUP 1 AUTOMOTIVE INCGPI13,144$915,348.16
0.775%GUESS? INCGES57,491$939,402.94
0.739%HP INCHPQ40,698$896,169.96
1.022%HARTFORD FINANCIAL SVCS GHIG21,937$1,239,221.13
1.640%HOME DEPOT INCHD12,166$1,988,289.38
1.350%HUNTSMAN CORPHUN56,478$1,636,167.66
0.857%JPMORGAN CHASE COJPM10,445$1,039,381.95
0.753%KOHLS CORPKSS20,531$913,424.19
0.978%LEAR CORPLEA6,824$1,185,601.76
0.832%LEUCADIA NATIONAL CORPLUK38,775$1,008,537.75
1.025%LINCOLN NATIONAL CORPLNC16,453$1,243,024.15
1.371%LOWE'S COS INCLOW20,770$1,662,430.80
0.863%MRC GLOBAL INCMRC58,958$1,045,914.92
0.231%MACY'S INCM13,227$280,015.59
1.296%MANPOWERGROUP INCMAN12,799$1,570,949.26
0.608%MCKESSON CORPMCK4,891$737,464.98
0.689%METLIFE INCMET15,678$835,480.62
0.687%MURPHY OIL CORPMUR32,355$832,494.15
0.487%NETAPP INCNTAP13,263$590,999.28
2.075%NORTHROP GRUMMAN CORPNOC8,541$2,516,178.60
1.315%NU SKIN ENTERPRISES INC -NUS25,236$1,593,905.76
1.158%O'REILLY AUTOMOTIVE INCORLY6,820$1,404,238.00
0.461%OFFICE DEPOT INCODP148,003$559,451.34
0.901%PNC FINANCIAL SERVICES GRPNC7,973$1,091,902.35
1.677%PACKAGING CORP OF AMERICAPKG17,181$2,033,543.16
1.628%PARKER HANNIFIN CORPPH10,698$1,973,781.00
0.705%REALOGY HOLDINGS CORPRLGY25,996$854,488.52
0.736%ROBERT HALF INTL INCRHI17,286$892,821.90
1.353%SANMINA CORPSANM42,621$1,640,908.50
1.241%SIX FLAGS ENTERTAINMENT CSIX24,732$1,504,200.24
1.563%SOUTHWEST AIRLINES COLUV31,918$1,894,971.66
0.971%SPIRIT AEROSYSTEMS HOLD-CSPR14,539$1,177,077.44
0.767%STATE STREET CORPSTT9,380$929,745.60
0.848%STEEL DYNAMICS INCSTLD26,431$1,028,165.90
0.528%STURM RUGER CO INCRGR12,194$639,575.30
1.378%SUNTRUST BANKS INCSTI27,843$1,671,136.86
0.854%SYNOVUS FINANCIAL CORPSNV21,879$1,034,876.70
0.610%TARGET CORPTGT11,965$738,958.40
1.773%TEXAS INSTRUMENTS INCTXN22,579$2,149,069.22
1.371%TRAVELERS COS INC/THETRV12,468$1,662,233.76
0.723%US BANCORPUSB16,204$876,474.36
1.260%UNITED CONTINENTAL HOLDINUAL25,509$1,527,989.10
1.292%UNUM GROUPUNM29,949$1,566,033.21
0.943%VALERO ENERGY CORPVLO14,751$1,143,792.54
0.736%VISTEON CORPVC7,205$892,555.40
0.886%WABASH NATIONAL CORPWNC47,218$1,074,681.68
1.109%WAL-MART STORES INCWMT15,373$1,344,215.12
1.021%WHIRLPOOL CORPWHR6,785$1,237,991.10
0.757%WORTHINGTON INDUSTRIESWOR20,070$918,001.80
0.799%XEROX CORPXRX29,011$968,387.18
1.254%ASSURED GUARANTY LTDAGO40,141$1,520,541.08
1.121%AXIS CAPITAL HOLDINGS LTDAXS23,817$1,358,521.68
1.458%EATON CORP PLCETN22,389$1,767,163.77
1.382%EVEREST RE GROUP LTDRE7,080$1,675,623.60
0.790%INGERSOLL-RAND PLCIR10,237$957,261.87
0.916%TRINSEO SATSE15,416$1,109,952.00
0.708%LYONDELLBASELL INDU-CL ALYB8,677$858,502.38

Data as of 10/23/2017

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 Read the prospectus carefully before investing or sending money.

The Cambria Sovereign Bond ETF was formerly known as The Cambria Sovereign High Yield Bond ETF.

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.