Global Asset Allocation ETF (GAA) - Full Holdings

PERCENTAGE OF
NET ASSETS
NAMEIDENTIFIERSHARES HELDMARKET VALUE
3.051%CAMBRIA SHAREHOLDER YIELDSYLD37,696$1,291,936.16
2.008%CAMBRIA FORGN SHRHLDR ETFFYLD34,272$850,288.32
4.415%CAMBRIA GLOBAL VALUE ETFGVAL75,341$1,869,210.21
11.100%CAMBRIA EMERG SHRHLDR YIEEYLD145,450$4,699,489.50
3.552%CAMBRIA SOVEREIGN HIGH YISOVB53,066$1,504,044.33
2.858%ISHARES IBOXX INVESTMENTLQD10,048$1,209,879.68
1.958%ISHARES 20+ YEAR TREASURYTLT6,592$829,141.76
2.879%ISHARES LEHMAN 7-10YR TRSIEF11,360$1,218,814.40
5.134%ISHARES MSCI USA MOMENTUMMTUM23,392$2,173,818.56
5.547%POWERSHARES DB OPTIMUM YIPDBC146,498$2,348,362.94
2.013%SPDR BARCLAYS INT CORPIBND24,586$852,396.62
1.786%SPDR BARCLAYS HIGH YIELDJNK20,480$756,326.40
2.956%SPDR DB INTL GOV INFL-PROWIP21,928$1,251,430.96
2.841%SPDR BARCLAYS TIPS ETFIPE21,312$1,202,636.16
3.798%VANECK VECTORS EMERGING MHYEM65,472$1,607,992.32
1.866%VANECK VECTORS INTERNATIOIHY31,008$790,083.84
1.881%VANGUARD ST BOND ETFBSV9,952$796,359.04
7.539%VANGUARD TOT BOND MKT ETFBND38,888$3,191,927.04
4.022%VANGUARD FTSE DEV MKT ETFVEA40,448$1,702,860.80
4.525%VANGUARD EMERG MKTS GOV BVWOB23,816$1,915,997.20
4.896%VANGUARD TOTAL INTL BONDBNDX37,888$2,072,852.48
2.940%VANGUARD GBL X US RE ETFVNQI21,376$1,244,938.24
2.129%VANGUARD FTSE ALL WORLDVSS8,160$901,435.20
1.890%VANGUARD-S/T CORP (ETF)VCSH9,984$800,117.76
2.946%VANGUARD REIT ETFVNQ14,944$1,247,375.68
4.388%VANGUARD MID-CAP ETFVO12,960$1,857,686.40
4.516%VANGUARD TOTAL STOCK MKTVTI15,136$1,911,979.52
0.564%CASH238,735$238,734.81

Data as of 8/14/2017

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.