NPORT-EX 2 globalvalueetf-nport.htm N-PORT EX
Sector Weightings
      
Cambria Global Value ETF
      
Financials
    
35.0
%
Utilities
    
16.7
%
Energy
    
10.1
%
Materials
    
9.6
%
Industrials
    
8.9
%
Real Estate
    
6.9
%
Consumer Staples
    
5.2
%
Consumer Discretionary
    
3.4
%
Information Technology
    
1.5
%
Communication Services
    
1.4
%
Health Care
    
1.3
%
     
100.00
%
Cambria Global Value ETF
Schedule of Investments
January 31, 2024 (Unaudited)

   
Shares
    
Value
Common Stocks - 93.9%
Austria - 10.2%
    
ANDRITZ AG
  
15,042
   $
 929,020
AT&S Austria Technologie & Systemtechnik AG
  
33,899
    
   822,810
BAWAG Group AG (a)
  
20,710
    
   1,070,717
Erste Group Bank AG(b)
  
20,496
    
   888,445
Erste Group Bank AG
  
28,558
    
   1,236,043
EVN AG
  
43,927
    
   1,217,649
OMV AG
  
22,018
    
   982,961
Raiffeisen Bank International AG
  
64,964
    
   1,356,386
Verbund AG
  
11,554
    
   944,593
Voestalpine AG
  
30,411
    
   907,075
Wienerberger AG
  
34,335
    
   1,168,087
         
   11,523,786
             
Brazil - 6.4%
    
Atacadao SA
  
414,200
    
   875,318
Banco Santander Brasil SA
  
152,600
    
   881,522
Centrais Eletricas Brasileiras SA
  
130,800
    
   1,079,264
Cia Siderurgica Nacional SA
  
327,000
    
   1,168,895
JBS S/A
  
261,600
    
   1,240,308
Telefonica Brasil SA
  
98,100
    
   1,015,770
Vale SA
  
65,400
    
   897,494
         
   7,158,571
             
Chile - 8.6%
    
Banco Santander Chile
  
19,921,276
    
   921,289
CAP SA
  
82,513
    
   596,085
Cencosud SA
  
616,068
    
   1,072,123
Cia Sud Americana de Vapores SA
  
8,662,775
    
   624,227
Colbun SA
  
9,816,976
    
   1,393,255
Empresas CMPC SA
  
661,630
    
   1,078,048
Empresas Copec SA
  
137,122
    
   871,738
Enel Americas SA
  
9,330,836
    
   945,628
Falabella SA(b)
  
364,496
    
   866,315
Quinenco SA
  
356,866
    
   1,212,838
         
   9,581,546
             
Czech Republic - 7.8%
    
CEZ AS
  
42,510
    
   1,610,503
Komercni Banka AS
  
75,428
    
   2,478,457
Moneta Money Bank AS (a)
  
670,241
    
   2,887,806
Philip Morris CR AS
  
2,507
    
   1,745,727
         
   8,722,493
             
Greece - 0.0%(c)
    
FF Group(c)(d)
  
25,407
    
   0
             
Hong Kong - 6.0%
    
BOC Hong Kong Holdings Ltd.
  
327,000
    
   782,998
China Overseas Land & Investment Ltd.
  
381,500
    
   573,864
China Resources Land Ltd.
  
218,000
    
   658,075
CK Asset Holdings Ltd.
  
163,500
    
   737,198
CK Hutchison Holdings Ltd.
  
163,500
    
   844,902
Geely Automobile Holdings Ltd.
  
763,000
    
   720,258
Orient Overseas International Ltd.
  
54,500
    
   811,440
Sino Land Co. Ltd.
  
872,000
    
   910,151
Swire Properties Ltd.
  
392,400
    
   731,802
         
   6,770,688
             
Italy - 10.5%
    
A2A SpA
  
596,121
    
   1,185,697
Assicurazioni Generali SpA
  
49,050
    
   1,096,738
Banco BPM SpA
  
228,028
    
   1,234,609
Enel SpA
  
161,102
    
   1,103,982
Eni SpA
  
68,016
    
   1,088,897
Intesa Sanpaolo SpA
  
374,524
    
   1,158,789
Leonardo SpA
  
81,859
    
   1,433,570
Pirelli & C SpA (a)
  
195,655
    
   1,065,252
UniCredit SpA
  
47,306
    
   1,388,511
UnipolSai Assicurazioni SpA
  
383,898
    
   1,017,278
         
   11,773,323
             
Malaysia - 7.8%
    
CIMB Group Holdings Bhd
  
839,300
    
   1,105,463
Hartalega Holdings Bhd(b)
  
1,853,000
    
   1,073,408
Hong Leong Bank Bhd
  
207,100
    
   840,660
Malayan Banking Bhd
  
479,600
    
   938,921
Petronas Chemicals Group Bhd
  
545,000
    
   780,053
Public Bank Bhd
  
926,500
    
   859,902
RHB Bank Bhd
  
708,500
    
   838,816
Sime Darby Bhd
  
1,820,300
    
   935,165
Sime Darby Plantation Bhd
  
806,600
    
   753,736
Top Glove Corp. Bhd(b)
  
3,706,000
    
   728,664
         
   8,854,788
             
Poland - 10.3%
    
Alior Bank SA(b)
  
127,094
    
   2,394,508
Jastrzebska Spolka Weglowa SA(b)
  
63,002
    
   681,919
KGHM Polska Miedz SA
  
31,501
    
   884,654
Lubelski Wegiel Bogdanka SA
  
82,404
    
   709,998
ORLEN SA
  
196,257
    
   3,071,184
PGE Polska Grupa Energetyczna SA(b)
  
453,658
    
   959,852
Powszechny Zaklad Ubezpieczen SA
  
146,714
    
   1,771,933
Tauron Polska Energia SA(b)
  
1,289,470
    
   1,181,863
         
   11,655,911
             
Russia - 0.0%(c)
    
Alrosa PJSC(d)
  
1,262,976
    
   0
Gazprom Neft PJSC(d)
  
334,880
    
   0
Gazprom PJSC(b)(d)
  
373,048
    
   0
Rosneft Oil Co. PJSC(d)
  
198,016
    
   0
Sberbank of Russia PJSC(d)
  
287,609
    
   0
Severstal PAO(b)(d)
  
82,992
    
   0
Unipro PJSC(b)(d)
  
22,421,984
    
   0
         
   0
             
Singapore - 8.8%
    
CapitaLand Ascott Trust - REIT
  
18,006
    
   12,885
CapitaLand Investment Ltd./Singapore
  
327,000
    
   721,521
CDL Hospitality Trusts
  
19,450
    
   14,934
City Developments Ltd.
  
174,400
    
   794,323
Genting Singapore Ltd.
  
1,438,800
    
   1,083,256
Jardine Cycle & Carriage Ltd.
  
43,600
    
   845,349
Oversea-Chinese Banking Corp. Ltd.
  
109,000
    
   1,047,343
Sembcorp Industries Ltd.
  
392,400
    
   1,658,522
Singapore Airlines Ltd.
  
250,700
    
   1,248,361
United Overseas Bank Ltd.
  
43,600
    
   922,051
UOL Group Ltd.
  
185,300
    
   864,687
Venture Corp. Ltd.
  
76,300
    
   762,716
         
   9,975,948
             
Spain - 9.5%
    
Acciona SA
  
5,014
    
   651,588
Banco Bilbao Vizcaya Argentaria SA
  
137,558
    
   1,289,760
Banco Santander SA
  
338,118
    
   1,364,961
CaixaBank SA
  
306,726
    
   1,310,662
Enagas SA
  
44,799
    
   730,568
Endesa SA
  
46,652
    
   925,649
Ferrovial SE
  
38,259
    
   1,464,073
Iberdrola SA
  
85,129
    
   1,028,084
Mapfre SA
  
543,692
    
   1,198,634
Naturgy Energy Group SA
  
32,373
    
   874,634
         
   10,838,613
             
United Kingdom - 8.0%
    
Anglo American PLC
  
22,509
    
   541,017
Aviva PLC (b)
  
137,406
    
   752,783
Barclays PLC
  
530,176
    
   997,221
BP PLC
  
187,569
    
   1,099,271
Legal & General Group PLC
  
317,422
    
   1,025,785
Lloyds Banking Group PLC
  
1,804,059
    
   972,470
Rio Tinto PLC
  
14,289
    
   996,507
Segro PLC - REIT
  
66,926
    
   747,901
Shell PLC
  
34,662
    
   1,074,896
Vodafone Group PLC
  
643,318
    
   548,844
         
   8,756,695
Total Common Stocks (Cost $116,871,570)
    
 105,612,362
             
Preferred Stocks - 3.1%
Brazil - 3.1%
    
Gerdau SA, 0.00%
  
194,565
    
   827,443
Itau Unibanco Holding SA, 0.00%
  
218,000
    
   1,446,323
Petroleo Brasileiro SA, 0.00%
  
152,600
    
   1,255,137
         
   3,528,903
Total Preferred Stocks (Cost $2,954,083)
    
   3,528,903
             
Short-Term Investments - 2.5%
Money Market Funds - 2.5%
        
 
First American Treasury Obligations Fund - Class X, 5.25%(e)
  
2,869,643
    
   2,869,643
Total Short-Term Investments (Cost $2,869,643)
    
   2,869,643
             
Total Investments - 99.5% (Cost $122,695,296)
    
112,010,908
Other Assets in Excess of Liabilities - 0.5%
    
525,671
Total Net Assets - 100.0%
    
 
   $
112,536,579

Percentages are stated as a percent of net assets.
  
PJSC – Private Joint Stock Company
  

PLC - Public Limited Company
REIT – Real Estate Investment Trust
SA - Sociedad Anónima

(a)
Security is exempt from registration pursuant to Rule 144A under the Securities Act of 1933, as amended. These securities may only be resold in transactions exempt from registration to qualified institutional investors. As of January 31, 2024, the value of these securities total $5,023,775 or 4.5% of the Fund’s net assets.
(b)
Non-income producing security.
(c)
Represents less than 0.05% of net assets.
(d)
Fair value determined using significant unobservable inputs in accordance with procedures established by and under the supervision of the Adviser, acting as Valuation Designee. These securities represented $0 or 0.0% of net assets as of January 31, 2024.
(e)
The rate shown represents the 7-day effective yield as of January 31, 2024.

Cambria Global Value ETF
  
   
Level 1
    
Level 2
    
Level 3 (a)
    
Total
  
Investments:
                        
  Common Stocks
                        
        Austria
  
$
11,523,786
    
$
–
    
$
–
    
$
11,523,786
  
        Brazil
    
7,158,571
      
–
      
–
      
7,158,571
  
        Chile
    
9,581,546
      
–
      
–
      
9,581,546
  
        Czech Republic
    
8,722,493
      
–
      
–
      
8,722,493
  
        Greece
    
–
      
–
      
0
      
0
  
        Hong Kong
    
6,770,688
      
–
      
–
      
6,770,688
  
        Italy
    
11,773,323
      
–
      
–
      
11,773,323
  
        Malaysia
    
8,854,788
      
–
      
–
      
8,854,788
  
        Poland
    
11,655,911
      
–
      
–
      
11,655,911
  
        Russian Federation
    
–
      
–
      
0
      
0
  
        Singapore
    
9,975,948
      
–
      
–
      
9,975,948
  
        Spain
    
10,838,613
      
–
      
–
      
10,838,613
  
        United Kingdom
    
8,756,695
      
–
      
–
      
8,756,695
  
  Common Stocks - Total
  
$
105,612,362
    
$
–
    
$
0
    
$
105,612,362
  
  Preferred Stocks
    
3,528,903
      
–
      
–
      
3,528,903
  
  Short-Term Investments
    
2,869,643
      
–
      
–
      
2,869,643
  
Total Investments
  
$
112,010,908
    
$
–
    
$
0
    
$
112,010,908
  

(a)
 A reconciliation of Level 3 investments is presented when the Fund has a significant amount of Level 3 investments at the beginning and/or end of the period in relation to net assets. Management has concluded that Level 3 investments are not material in relation to net assets.