Sector Weightings
Cambria Tail Risk ETF
U.S. Treasury Obligations	95.3	%
Purchased Options	4.7	%
	100.0	%
Percentages based on total investments.

Cambria Tail Risk ETF
Schedule of Investments
January 31, 2024 (Unaudited)
			Par		Value
U.S. Treasury Obligations - 92.9%
U.S. Treasury Bond, 4.125%, 11/15/2032			$	85,554,000	$	86,676,896
Total U.S. Treasury Obligations (Cost $87,029,654)						86,676,896
	Notional Amount		Contracts
Options Purchased - 4.5%
Put Options - 4.5%					$	–
S&P 500® Index				–	$	–
Expires 03/15/2024, Strike Price $3,800	$	21,320,860		44		11,220
Expires 06/21/2024, Strike Price $4,400		24,712,815		51		224,910
Expires 09/20/2024, Strike Price $4,000		65,416,275		135		547,425
Expires 09/20/2024, Strike Price $4,200		34,888,680		72		397,440
Expires 12/20/2024, Strike Price $4,100		72,200,185		149		1,084,720
Expires 12/20/2024, Strike Price $4,200		18,898,035		39		325,650
Expires 03/21/2025, Strike Price $4,400		58,632,365		121		1,645,600
Total Options Purchased (Cost $8,536,612)						4,236,965
			Shares
Short-Term Investments - 0.3%
Money Market Funds - 0.3%
First American Treasury Obligations Fund - Class X, 5.25%(a)				272,199		272,199
Total Short-Term Investments (Cost $272,199)						272,199
Total Investments - 97.7% (Cost $95,838,465)						91,186,060
Other Assets in Excess of Liabilities - 2.3%						2,175,068
Total Net Assets - 100.0%					$	93,361,128
Percentages are stated as a percent of net assets.

^(a) The rate shown represents the 7-day effective yield as of January 31, 2024.

Cambria Tail Risk ETF
	Level 1		Level 2		Level 3		Total
Investments:
U.S. Treasury Obligations	$	–	$	86,676,896	$	–	$	86,676,896
Options Purchased		–		4,236,965		–		4,236,965
Short-Term Investments		272,199		–		–		272,199
Total Investments	$	272,199	$	90,913,861	$	–	$	91,186,060

Refer to the Schedule of Investments for industry classifications.