Shareholder Yield (SYLD) - Full Holdings

PERCENTAGE OF
NET ASSETS
NAMEIDENTIFIERSHARES HELDMARKET VALUE
0.678%LYONDELLBASELL INDU-CL ALYB10,612$929,186.72
0.894%TRINSEO SATSE18,866$1,224,403.40
0.801%CHUBB LTDCB8,062$1,096,915.72
1.026%ALLIED WORLD ASSURANCEAWH26,447$1,405,393.58
1.277%NABORS INDUSTRIES LTDNBR140,954$1,749,239.14
1.477%EVEREST RE GROUP LTDRE8,670$2,023,578.00
1.457%EATON CORP PLCETN27,399$1,995,743.16
1.419%AXIS CAPITAL HOLDINGS LTDAXS29,142$1,944,354.24
1.322%ASSURED GUARANTY LTDAGO49,126$1,810,293.10
0.882%WORTHINGTON INDUSTRIESWOR24,570$1,208,106.90
0.648%WHOLE FOODS MARKET INCWFM30,689$887,832.77
1.030%WHIRLPOOL CORPWHR8,300$1,411,000.00
0.398%WESTERN DIGITAL CORPWDC6,968$544,758.24
0.956%WAL-MART STORES INCWMT18,808$1,309,224.88
0.769%VOYA FINANCIAL INCVOYA28,136$1,053,693.20
0.617%VISTEON CORPVC8,825$844,640.75
0.867%VALERO ENERGY CORPVLO18,051$1,187,394.78
1.225%UNUM GROUPUNM36,654$1,678,386.66
1.548%UNITED CONTINENTAL HOLDINUAL31,224$2,121,046.32
0.761%US BANCORPUSB19,834$1,042,673.38
1.345%TRAVELERS COS INC/THETRV15,258$1,842,708.66
0.495%TIME WARNER INCTWX6,959$678,572.09
0.960%3M COMMM6,866$1,314,907.66
1.626%TEXAS INSTRUMENTS INCTXN27,634$2,227,024.06
0.568%TARGET CORPTGT14,635$777,411.20
0.772%SYNOVUS FINANCIAL CORPSNV26,769$1,056,840.12
1.001%SYMANTEC CORPSYMC45,013$1,371,546.11
0.622%SWIFT TRANSPORTATION COSWFT43,159$851,958.66
1.363%SUNTRUST BANKS INCSTI34,068$1,867,267.08
1.500%SOUTHWEST AIRLINES COLUV39,058$2,054,841.38
1.295%SIX FLAGS ENTERTAINMENT CSIX30,267$1,773,948.87
1.512%SANMINA CORPSANM52,161$2,070,791.70
0.910%RELIANCE STEEL ALUMINUMRS15,819$1,246,695.39
1.028%REGIONS FINANCIAL CORPRF98,993$1,408,670.39
0.889%PROSPECT CAPITAL CORPPSEC134,236$1,217,520.52
0.788%PILGRIM'S PRIDE CORPPPC48,495$1,079,498.70
1.498%PARKER HANNIFIN CORPPH13,098$2,052,325.62
1.388%PACKAGING CORP OF AMERICAPKG21,036$1,901,864.76
1.657%O'REILLY AUTOMOTIVE INCORLY8,350$2,269,196.00
1.218%NU SKIN ENTERPRISES INC -NUS30,891$1,669,040.73
1.809%NORTHROP GRUMMAN CORPNOC10,461$2,478,001.68
0.484%NETAPP INCNTAP16,233$663,605.04
0.745%MURPHY OIL CORPMUR39,600$1,020,096.00
1.143%MANPOWERGROUP INCMAN15,664$1,565,146.88
0.333%MACY'S INCM16,182$455,846.94
0.941%MRC GLOBAL INCMRC72,158$1,288,741.88
1.526%LOWE'S COS INCLOW25,420$2,089,778.20
0.938%LINCOLN NATIONAL CORPLNC20,128$1,284,367.68
0.891%LEUCADIA NATIONAL CORPLUK47,460$1,220,671.20
0.815%LEGG MASON INCLM32,155$1,116,100.05
1.489%L3 TECHNOLOGIES INCLLL12,218$2,039,428.56
0.665%LPL FINANCIAL HOLDINGS INLPLA23,129$911,282.60
0.686%KOHLS CORPKSS25,136$940,337.76
0.815%JPMORGAN CHASE COJPM12,785$1,116,002.65
1.143%HUNTSMAN CORPHUN69,123$1,565,635.95
1.606%HOME DEPOT INCHD14,896$2,200,288.16
0.541%HOLLYFRONTIER CORPHFC27,801$740,896.65
0.706%HEWLETT PACKARD ENTERPRISHPE42,490$967,497.30
0.928%HARTFORD FINANCIAL SVCS GHIG26,857$1,271,141.81
0.626%HP INCHPQ49,803$858,105.69
0.560%GUESS? INCGES70,361$767,638.51
0.912%GREENBRIER COMPANIES INCGBX29,931$1,249,619.25
1.483%GREEN DOT CORP-CLASS AGDOT61,960$2,031,048.80
0.779%GENERAL DYNAMICS CORPGD5,693$1,067,551.36
0.656%FRANCESCAS HOLDINGS CORPFRAN56,309$898,128.55
0.484%FINISH LINE/THE - CL AFINL51,274$662,972.82
1.064%FIFTH THIRD BANCORPFITB58,548$1,457,259.72
0.804%EXPRESS SCRIPTS HOLDING CESRX17,176$1,101,153.36
1.468%DR PEPPER SNAPPLE GROUP IDPS20,746$2,011,532.16
1.215%DOW CHEMICAL CO/THEDOW26,383$1,664,239.64
0.880%DOVER CORPDOV15,434$1,206,012.76
0.265%DILLARDS INC-CL ADDS7,654$363,258.84
0.951%DELTA AIR LINES INCDAL28,317$1,302,582.00
0.185%DELL TECHNOLOGIES INC-CLDVMT3,998$253,353.26
1.385%CUMMINS INCCMI12,585$1,897,440.45
1.186%CORNING INCGLW59,268$1,624,535.88
1.123%COOPER TIRE RUBBERCTB35,430$1,537,662.00
1.550%CHILDREN'S PLACE INC/THEPLCE17,919$2,123,401.50
0.363%CENTURYLINK INCCTL21,840$497,078.40
1.005%CVS HEALTH CORPCVS17,548$1,377,342.52
0.524%CVR ENERGY INCCVI37,412$717,562.16
1.021%CNO FINANCIAL GROUP INCCNO69,244$1,398,728.80
1.049%CBS CORP-CLASS B NON VOTICBS21,484$1,437,279.60
1.049%BIG LOTS INCBIG29,837$1,436,949.92
0.881%BEST BUY CO INCBBY26,897$1,206,330.45
1.079%BANK OF AMERICA CORPBAC63,902$1,477,414.24
1.024%AVNET INCAVT31,585$1,402,374.00
1.284%ASSURANT INCAIZ18,507$1,759,275.42
0.634%ARES CAPITAL CORPARCC50,032$869,055.84
0.441%ARCHER-DANIELS-MIDLAND COADM13,244$603,661.52
1.481%APPLE INCAAPL14,423$2,028,450.72
1.125%AMERIPRISE FINANCIAL INCAMP12,307$1,541,574.82
0.991%AMERICAN INTERNATIONAL GRAIG22,305$1,357,928.40
0.813%AMERICAN FINANCIAL GROUPAFG11,926$1,113,769.14
1.108%AMERICAN EAGLE OUTFITTERSAEO109,548$1,517,239.80
1.381%ALLSTATE CORPALL23,360$1,891,926.40
1.151%ALCOA UPSTREAM CORPAA48,415$1,576,392.40
0.703%AES CORPAES85,742$962,882.66
1.260%AGCO CORPAGCO29,146$1,725,443.20
1.026%AFLAC INCAFL19,529$1,405,892.71
0.000%CANADIAN DOLLARCAD$.09

Data as of 03/27/2017

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.