Value and Momentum ETF (VAMO) - Full Holdings

PERCENTAGE OF
NET ASSETS
NAMEIDENTIFIERSHARES HELDMARKET VALUE
0.939%TRINSEO SATSE1,180$78,765.00
0.912%ALLIED WORLD ASSURANCEAWH1,439$76,482.85
0.716%ALPHA OMEGA SEMICONDUCTAOSL3,583$60,051.08
0.965%ASSURED GUARANTY LTDAGO2,083$80,924.55
0.912%ZIONS BANCORPORATIONZION1,858$76,512.44
0.573%WORLD ACCEPTANCE CORPWRLD880$48,074.40
1.071%WABASH NATIONAL CORPWNC3,783$89,846.25
0.919%VOYA FINANCIAL INCVOYA2,038$77,097.54
0.930%UNUM GROUPUNM1,663$78,044.59
1.444%UNIVERSAL CORP/VAUVV1,617$121,113.30
0.923%UNITED CONTINENTAL HOLDINUAL1,085$77,393.05
0.546%UNISYS CORPUIS3,816$45,792.00
0.777%II-VI INCIIVI1,989$65,139.75
1.522%TUTOR PERINI CORPTPC4,053$127,669.50
0.527%TRAVELERS COS INC/THETRV362$44,167.62
0.707%TIMKENSTEEL CORPTMST3,605$59,266.20
0.479%TILLY'S INC-CLASS A SHRSTLYS4,321$40,185.30
0.758%TETRA TECH INCTTEK1,435$63,570.50
0.643%TECH DATA CORPTECD553$53,967.27
0.974%TTM TECHNOLOGIESTTMI4,918$81,737.16
0.618%SYNNEX CORPSNX469$51,801.05
1.114%SUPREME INDS INC-CLASS ASTS4,472$93,420.08
0.489%SUPERIOR INDUSTRIES INTLSUP1,923$41,056.05
0.603%STATE NATIONAL COS INCSNC3,400$50,558.00
1.275%SPARTANNASH COSPTN2,870$106,993.60
0.876%SPARTAN MOTORS INCSPAR8,750$73,500.00
1.948%SKYWEST INCSKYW4,557$163,368.45
1.530%SELECTIVE INSURANCE GROUPSIGI2,625$128,362.50
0.520%SCHNITZER STEEL INDS INC-SCHN2,274$43,660.80
1.333%SANMINA CORPSANM2,935$111,823.50
0.984%SANDRIDGE ENERGY INCSD4,315$82,502.80
1.351%REINSURANCE GROUP OF AMERRGA868$113,291.36
0.670%REGIONS FINANCIAL CORPRF4,006$56,164.12
0.704%PRUDENTIAL FINANCIAL INCPRU551$59,067.20
1.274%PROGRESSIVE CORPPGR2,674$106,906.52
0.934%PRINCIPAL FINANCIAL GROUPPFG1,218$78,329.58
0.994%PCM INCPCMI2,775$83,388.75
1.242%OLD REPUBLIC INTL CORPORI5,152$104,173.44
0.642%NETGEAR INCNTGR1,048$53,814.80
0.643%NAVIGANT CONSULTING INCNCI2,218$53,897.40
1.018%NMI HOLDINGS INC-CLASS ANMIH6,912$85,363.20
1.027%MONEYGRAM INTERNATIONAL IMGI4,856$86,145.44
0.962%MERITOR INCMTOR4,519$80,709.34
0.627%MCDERMOTT INTL INCMDR7,729$52,634.49
0.724%MANITOWOC COMPANY INCMTW9,777$60,715.17
1.486%MYR GROUP INC/DELAWAREMYRG2,883$124,660.92
0.628%MRC GLOBAL INCMRC2,785$52,692.20
0.520%MBIA INCMBI5,046$43,647.90
0.688%LINCOLN NATIONAL CORPLNC868$57,722.00
1.396%LANTHEUS HOLDINGS INCLNTH9,716$117,077.80
0.670%KIMBALL ELECTRONICS INCKE3,159$56,230.20
0.701%KIMBALL INTERNATIONAL-BKBAL3,270$58,794.60
0.587%KELLY SERVICES INC -AKELYA2,199$49,235.61
1.014%K12 INCLRN4,165$85,090.95
1.084%JACOBS ENGINEERING GROUPJEC1,641$90,911.40
0.948%INTERDIGITAL INCIDCC897$79,563.90
0.631%INSTEEL INDUSTRIES INCIIIN1,475$52,952.50
0.963%INSIGHT ENTERPRISES INCNSIT1,881$80,770.14
0.703%IES HOLDINGS INCIESC2,949$58,980.00
1.142%HORACE MANN EDUCATORSHMN2,450$95,795.00
0.601%HEALTH INSURANCE INNOVATIHIIQ3,169$50,387.10
0.716%GREENBRIER COMPANIES INCGBX1,364$60,084.20
0.771%GREEN DOT CORP-CLASS AGDOT1,853$64,688.23
0.909%GREEN BANCORP INCGNBC4,487$76,279.00
0.730%GIBRALTAR INDUSTRIES INCROCK1,566$61,230.60
0.501%FLUOR CORPFLR803$42,020.99
0.923%EZCORP INC-CL AEZPW8,281$77,427.35
0.890%EXTERRAN CORPEXTN2,499$74,620.14
0.724%EMPLOYERS HOLDINGS INCEIG1,511$60,742.20
0.855%ELDORADO RESORTS INCERI3,680$71,760.00
0.815%DEVRY EDUCATION GROUP INCDV1,797$68,375.85
0.792%COOPER-STANDARD HOLDINGCPS593$66,439.72
0.961%CITIZENS FINANCIAL GROUPCFG2,190$80,592.00
0.556%CINCINNATI FINANCIAL CORPCINF649$46,650.12
0.701%CHILDREN'S PLACE INC/THEPLCE518$58,818.90
1.172%CHART INDUSTRIES INCGTLS2,708$98,327.48
1.096%CENTURY ALUMINUM COMPANYCENX6,210$91,970.10
1.125%CENTRAL GARDEN AND PET COCENTA2,582$94,372.10
1.175%CAREER EDUCATION CORPCECO9,554$98,597.28
0.958%CNA FINANCIAL CORPCNA1,751$80,370.90
2.068%BRINK'S CO/THEBCO2,877$173,483.10
0.726%BRADY CORPORATION - CL ABRC1,552$60,916.00
1.830%BOINGO WIRELESS INCWIFI10,493$153,512.59
0.638%BIG 5 SPORTING GOODS CORPBGFV3,295$53,543.75
0.824%BEST BUY CO INCBBY1,323$69,126.75
1.212%WR BERKLEY CORPWRB1,484$101,639.16
0.913%BENCHMARK ELECTRONICS INCBHE2,398$76,616.10
0.931%BANK OF AMERICA CORPBAC3,268$78,072.52
1.102%ASTEC INDUSTRIES INCASTE1,458$92,408.04
1.255%ASSURANT INCAIZ1,085$105,266.70
0.579%ARROW ELECTRONICS INCARW663$48,597.90
0.660%ARCBEST CORPARCB2,046$55,344.30
0.522%AMERICAN NATIONAL INSURANANAT371$43,815.10
1.354%AMERICAN FINANCIAL GROUPAFG1,155$113,594.25
0.943%AMERICAN EQUITY INVT LIFEAEL3,275$79,124.00
0.606%AMBAC FINANCIAL GROUP INCAMBC2,554$50,875.68
0.612%ALLSTATE CORPALL628$51,370.40
0.854%ALCOA UPSTREAM CORPAA1,965$71,624.25
2.831%ADVANCED ENERGY INDUSTRIEAEIS3,276$237,510.00
0.823%ACCO BRANDS CORPACCO4,760$69,020.00
-0.994%SP500 EMINI FUT JUN17-35$-83,378.75
1287.481%FUTURE CASH COLLATERAL1,080,000$108,000,000.00

Data as of 04/27/2017

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.