Value and Momentum ETF (VAMO) - Full Holdings

PERCENTAGE OF
NET ASSETS
NAMEIDENTIFIERSHARES HELDMARKET VALUE
5.119%CASH481,716$481,715.64
0.000%SP500 EMINI FUT SEP17-39$.00
0.792%AARON'S INCAAN1,656$74,520.00
0.713%ADTALEM GLOBAL EDUCATIONATGE2,054$67,063.10
2.882%ADVANCED ENERGY INDUSTRIEAEIS3,744$271,215.36
0.936%ALCOA UPSTREAM CORPAA2,246$88,110.58
0.720%ALLSTATE CORPALL718$67,764.84
1.118%AMERICAN EQUITY INVT LIFEAEL3,743$105,215.73
1.466%AMERICAN FINANCIAL GROUPAFG1,320$137,900.40
0.681%AMERICAN NATIONAL INSURANANAT539$64,124.83
0.686%ANTHEM INCANTM334$64,578.90
0.703%ARROW ELECTRONICS INCARW871$66,178.58
1.352%ASSURANT INCAIZ1,240$127,236.40
0.960%BANK OF AMERICA CORPBAC3,735$90,349.65
0.937%BENCHMARK ELECTRONICS INCBHE2,741$88,123.15
1.230%WR BERKLEY CORPWRB1,696$115,701.12
0.975%BEST BUY CO INCBBY1,512$91,733.04
2.485%BOINGO WIRELESS INCWIFI11,992$233,844.00
2.668%BRINK'S CO/THEBCO3,288$251,038.80
1.119%CNA FINANCIAL CORPCNA2,001$105,292.62
0.656%CAESARS ENTERTAINMENT CORCZR5,121$61,708.05
1.011%CAREER EDUCATION CORPCECO10,919$95,104.49
1.031%CENTRAL GARDEN AND PET COCENTA2,951$96,999.37
1.140%CENTURY ALUMINUM COMPANYCENX7,097$107,235.67
1.105%CHART INDUSTRIES INCGTLS3,095$103,992.00
0.735%CHILDREN'S PLACE INC/THEPLCE690$69,172.50
0.759%CINCINNATI FINANCIAL CORPCINF903$71,436.33
0.903%CITIZENS FINANCIAL GROUPCFG2,503$84,976.85
0.797%CONN'S INCCONN3,729$74,952.90
0.557%DELEK US HOLDINGS INCDK2,479$52,430.85
1.006%ELDORADO RESORTS INCERI4,206$94,635.00
0.777%EMPLOYERS HOLDINGS INCEIG1,727$73,138.45
0.665%ENCORE CAPITAL GROUP INCECPG1,566$62,561.70
0.583%ENOVA INTERNATIONAL INCENVA4,443$54,871.05
0.714%EXTERRAN CORPEXTN2,856$67,144.56
0.479%FAIRFAX FINANCIAL HLDGS LFRFHF95$45,079.88
0.682%FIDELITY GUARANTY LIFEFGL2,062$64,128.20
1.204%GREEN BANCORP INCGNBC5,128$113,328.80
1.057%GREEN DOT CORP-CLASS AGDOT2,118$99,440.10
0.756%GREENBRIER COMPANIES INCGBX1,559$71,168.35
1.320%HEALTH INSURANCE INNOVATIHIIQ3,622$124,234.60
0.675%HUNTSMAN CORPHUN2,476$63,484.64
0.930%INSIGHT ENTERPRISES INCNSIT2,150$87,526.50
0.603%INSTEEL INDUSTRIES INCIIIN2,203$56,727.25
0.773%INTERDIGITAL INCIDCC1,025$72,723.75
0.677%JABIL CIRCUIT INCJBL2,118$63,709.44
1.018%JACOBS ENGINEERING GROUPJEC1,876$95,769.80
0.884%K12 INCLRN4,760$83,157.20
0.713%KB HOMEKBH2,845$67,113.55
1.133%KEMET CORPKEM5,056$106,631.04
0.756%KIMBALL INTERNATIONAL-BKBAL4,276$71,109.88
0.727%KIMBALL ELECTRONICS INCKE3,610$68,409.50
1.854%LANTHEUS HOLDINGS INCLNTH11,114$174,489.80
0.750%LINCOLN NATIONAL CORPLNC992$70,570.88
1.062%LUMBER LIQUIDATORS HOLDINLL2,863$99,975.96
0.754%MBIA INCMBI6,727$70,902.58
0.650%MDC HOLDINGS INCMDC1,832$61,207.12
0.650%MRC GLOBAL INCMRC3,919$61,136.40
0.827%MYR GROUP INC/DELAWAREMYRG3,300$77,814.00
0.944%MANITOWOC COMPANY INCMTW11,174$88,833.30
1.042%MERITOR INCMTOR5,165$98,031.70
0.921%MONEYGRAM INTERNATIONAL IMGI5,550$86,691.00
0.974%NMI HOLDINGS INC-CLASS ANMIH7,899$91,628.40
0.721%NETGEAR INCNTGR1,484$67,818.80
0.521%OFFICE DEPOT INCODP11,385$49,069.35
1.215%OLD REPUBLIC INTL CORPORI5,888$114,286.08
0.496%PCM INCPCMI3,677$46,697.90
0.777%PENN NATIONAL GAMING INCPENN3,415$73,115.15
0.964%PRINCIPAL FINANCIAL GROUPPFG1,392$90,702.72
1.582%PROGRESSIVE CORPPGR3,056$148,857.76
0.704%PRUDENTIAL FINANCIAL INCPRU630$66,282.30
0.698%REGIONS FINANCIAL CORPRF4,578$65,648.52
1.481%REINSURANCE GROUP OF AMERRGA992$139,336.32
0.604%RENEWABLE ENERGY GROUP INREGI5,100$56,865.00
0.777%RUSH ENTERPRISES INC-CL ARUSHA1,809$73,137.87
0.919%SANDRIDGE ENERGY INCSD4,931$86,489.74
1.310%SANMINA CORPSANM3,355$123,296.25
0.891%SCIENTIFIC GAMES CORP-ASGMS2,392$83,839.60
1.636%SELECTIVE INSURANCE GROUPSIGI3,000$153,900.00
2.012%SKYWEST INCSKYW5,208$189,310.80
0.626%SPARK ENERGY INC-CLASS ASPKE3,337$58,898.05
0.866%STATE NATIONAL COS INCSNC3,886$81,528.28
0.455%SUPERIOR INDUSTRIES INTLSUP2,940$42,777.00
0.800%TTM TECHNOLOGIESTTMI5,621$75,321.40
0.636%TAYLOR MORRISON HOME CORPTMHC2,708$59,873.88
0.715%TETRA TECH INCTTEK1,640$67,240.00
0.714%TRAVELERS COS INC/THETRV519$67,194.93
1.230%TUTOR PERINI CORPTPC4,631$115,775.00
0.870%II-VI INCIIVI2,273$81,828.00
0.882%UNITED CONTINENTAL HOLDINUAL1,240$82,980.80
1.139%UNIVERSAL CORP/VAUVV1,848$107,184.00
1.000%UNUM GROUPUNM1,901$94,099.50
0.951%VOYA FINANCIAL INCVOYA2,329$89,503.47
0.944%WABASH NATIONAL CORPWNC4,323$88,794.42
0.690%WALKER DUNLOP INCWD1,348$64,892.72
0.644%WELLCARE HEALTH PLANS INCWCG347$60,600.08
0.797%WORLD ACCEPTANCE CORPWRLD1,006$75,017.42
1.018%ZIONS BANCORPORATIONZION2,123$95,789.76
1.095%ASSURED GUARANTY LTDAGO2,381$103,002.06
0.872%TRINSEO SATSE1,349$82,019.20
0.953%TRONOX LTD-CL ATROX4,620$89,651.10

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.