Cambria Global Value ETF

0001752724-23-222002.txt : 20230928 0001752724-23-222002.hdr.sgml : 20230928 20230928155804 ACCESSION NUMBER: 0001752724-23-222002 CONFORMED SUBMISSION TYPE: NPORT-P PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20230731 FILED AS OF DATE: 20230928 DATE AS OF CHANGE: 20230928 PERIOD START: 20240430 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Cambria ETF Trust CENTRAL INDEX KEY: 0001529390 IRS NUMBER: 000000000 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: NPORT-P SEC ACT: 1940 Act SEC FILE NUMBER: 811-22704 FILM NUMBER: 231289380 BUSINESS ADDRESS: STREET 1: 3300 HIGHLAND AVE CITY: MANHATTAN BEACH STATE: CA ZIP: 90266 BUSINESS PHONE: 310-606-5555 MAIL ADDRESS: STREET 1: 3300 HIGHLAND AVE CITY: MANHATTAN BEACH STATE: CA ZIP: 90266

0001529390 S000043316 Cambria Global Momentum ETF

C000134055 Cambria Global Momentum ETF GMOM

NPORT-P 1 primary_doc.xml NPORT-P false 0001529390 XXXXXXXX S000043316 C000134055 Cambria ETF Trust 811-22704 0001529390 254900RHN8DQYNXKZQ96 3300 HIGHLAND AVENUE MANHATTAN BEACH 90266 310-606-5555 Cambria Global Momentum ETF S000043316 549300FXSHTXAL865461 2024-04-30 2023-07-31 N 172860546.78 83782.99 172776763.79 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 999184.36000000 N Cambria Global Value Etf 5493006AUU1LFJ2HTM65 Cambria Global Value ETF 132061409 1019760.00000000 NS USD 21751276.85000000 12.58923733311 Long EC RF US N 1 N N N Vaneck Gold Miners Etf/usa 54930031TORTKAM9TJ98 VanEck Gold Miners ETF/USA 92189F106 310680.00000000 NS USD 9758458.80000000 5.648015731942 Long EC RF US N 1 N N N Wisdomtree Emerging Markets Local Debt Fund 549300SEEWOPCRAVKB36 WisdomTree Emerging Markets Local Debt Fund 97717X867 364920.00000000 NS USD 10372011.68000000 6.003128807648 Long EC RF US N 1 N N Ishares Global Consumer Discretionary Etf 549300KJTC0W31QYKL73 iShares Global Consumer Discretionary ETF 464288745 64440.00000000 NS USD 10396968.70000000 6.017573469912 Long EC RF US N 1 N N Vaneck Emerging Markets High Yield Bond Etf 5493000XZY6IPF1JRM25 VanEck Emerging Markets High Yield Bond ETF 92189F353 556560.00000000 NS USD 10173916.80000000 5.888475149566 Long EC RF US N 1 N N N Ishares Global Consumer Staples Etf 549300R95TKRXHGD3Z08 iShares Global Consumer Staples ETF 464288737 177120.00000000 NS USD 11011550.40000000 6.373282007633 Long EC RF US N 1 N N N Graniteshares Gold Trust 549300B09UIFB1TCF016 Graniteshares Gold Trust 38748G101 576480.00000000 NS USD 11201006.40000000 6.482935641516 Long EC RF US N 1 N N N Invesco Db Precious Metals Fund 549300FO2HMBMHPREV03 Invesco DB Precious Metals Fund 46140H502 217320.00000000 NS USD 11099640.73000000 6.424267063764 Long EC RF US N 1 N N N Cambria Emerging Shareholder Yield Etf 549300H3KS10HVG64A63 Cambria Emerging Shareholder Yield ETF 132061706 716400.00000000 NS USD 21484836.00000000 12.43502628982 Long EC RF US N 1 N N Ishares Global Industrials Etf 5493003UKBOV50PZCU60 iShares Global Industrials ETF 464288729 93120.00000000 NS USD 11474246.40000000 6.641081907255 Long EC RF US N 1 N N N Cambria Foreign Shareholder Yield Etf 549300QQK0CKHW2AMB30 Cambria Foreign Shareholder Yield ETF 132061300 814560.00000000 NS USD 20620586.40000000 11.93481458251 Long EC RF US N 1 N N N Ishares Global Tech Etf 549300QYME1DLP7BC726 iShares Global Tech ETF 464287291 187800.00000000 NS USD 11891496.00000000 6.882578269872 Long EC RF US N 1 N N N N/A N/A Fidelity Investments Money Market Treasury Portfolio N/A 1.00000000 NS USD 0.00000000 0.000000 Long STIV RF US N 1 N N Vanguard Total Stock Market Etf 549300G6KNDK44WUN559 Vanguard Total Stock Market ETF 922908769 46320.00000000 NS USD 10577172.00000000 6.121871811915 Long EC RF US N 1 N N N 2023-08-30 Cambria ETF Trust Mebane T. Faber Mebane T. Faber President XXXX NPORT-EX 2 fp0085265-1_nportex.htm

Sector Weightings
Cambria Shareholder Yield ETF
Energy	21.15	%
Materials	19.70	%
Financials	19.38	%
Consumer Discretionary	17.48	%
Industrials	9.45	%
Health Care	5.80	%
Information Technology	5.42	%
Communication Services	0.88	%
Consumer Staples	0.74	%
	100.00	%

Percentages based on total investments, excluding investments purchased with collateral from securities loaned.

Cambria Shareholder Yield ETF

Schedule of Investments

July 31, 2023 (Unaudited)

	Shares		Value
Common Stocks (99.66%)
Communication Services (0.88%)
Fox Corp., Class A		217,600	$	7,278,720

Consumer Discretionary (17.42%)
Adtalem Global Education, Inc.^(a)		185,600		8,025,344
Advance Auto Parts, Inc.		43,520		3,237,453
AutoNation, Inc.^(a)		82,688		13,311,114
Big 5 Sporting Goods Corp.^(b)		450,048		4,306,959
Big Lots, Inc.^(b)		311,296		3,190,784
Dillard's, Inc., Class A		38,400		13,172,736
Ethan Allen Interiors, Inc.		272,384		8,571,925
Foot Locker, Inc.		187,904		5,048,980
Haverty Furniture Cos., Inc.		211,200		7,518,720
LKQ Corp.		138,496		7,588,196
ODP Corp.^(a)		156,416		7,802,030
Oxford Industries, Inc.		72,448		7,813,517
Penske Automotive Group, Inc.		75,405		12,171,875
PulteGroup, Inc.		161,536		13,632,023
Tapestry, Inc.		196,096		8,461,542
Toll Brothers, Inc.		172,211		13,833,710
Whirlpool Corp.		45,056		6,499,779
				144,186,687
Consumer Staples (0.74%)
Cal-Maine Foods, Inc.		131,937		6,094,170

Energy (21.08%)
APA Corp.		173,824		7,038,134

	Shares		Value
Energy (continued)
California Resources Corp.		159,744	$	8,522,342
Chevron Corp.		46,592		7,625,247
Civitas Resources, Inc.		111,150		8,320,689
CNX Resources Corp.^(a)		448,512		9,149,645
ConocoPhillips		69,888		8,227,215
CONSOL Energy, Inc.		133,880		9,976,738
Coterra Energy, Inc.		298,240		8,213,530
CVR Energy, Inc.		371,968		13,666,104
Devon Energy Corp.		128,256		6,925,824
EOG Resources, Inc.		65,536		8,685,486
Exxon Mobil Corp.		86,272		9,251,809
Marathon Oil Corp.		283,904		7,458,158
Marathon Petroleum Corp.		70,656		9,398,661
Occidental Petroleum Corp.		125,952		7,951,350
PDC Energy, Inc.		125,440		9,519,642
Pioneer Natural Resources Co.		31,232		7,048,125
Plains GP Holdings LP, Class A		641,792		10,069,716
Range Resources Corp.		252,160		7,925,389
Valero Energy Corp.		73,571		9,484,038
				174,457,842
Financials (19.31%)
Affiliated Managers Group, Inc.		51,963		7,204,150
Aflac, Inc.		124,928		9,037,291
Allstate Corp.		57,856		6,519,214
Ally Financial, Inc.		190,208		5,808,952
American Financial Group, Inc.		55,296		6,724,547
Ameriprise Financial, Inc.		30,976		10,793,587
Assured Guaranty, Ltd.		153,856		9,197,512
Cathay General Bancorp		188,416		7,167,345
Discover Financial Services		64,256		6,782,221
Federated Hermes, Inc.		224,768		7,603,901
Hilltop Holdings, Inc.		228,608		7,070,845
Jefferies Financial Group, Inc.		229,916		8,458,610
Lincoln National Corp.		107,520		3,014,861
Loews Corp.		126,208		7,906,931
MetLife, Inc.		107,008		6,738,294
Mr Cooper Group, Inc.^(a)		150,272		8,711,268
PennyMac Financial Services, Inc.		105,984		7,973,176
Principal Financial Group, Inc.		112,896		9,017,004
SLM Corp.		407,040		6,585,907
Synchrony Financial		158,464		5,473,347
Voya Financial, Inc.		103,680		7,699,277
Western Union Co.		355,840		4,334,131
				159,822,371
Health Care (5.78%)
AMN Healthcare Services, Inc.^(a)		64,256		6,885,030
Cigna Group		29,184		8,612,198
McKesson Corp.		34,304		13,803,930

	Shares		Value
Health Care (continued)
Quest Diagnostics, Inc.		46,592	$	6,299,704
Universal Health Services, Inc., Class B		57,088		7,932,949
Veradigm, Inc.		320,256		4,329,861
				47,863,672
Industrials (9.41%)
Atkore, Inc.^(a)		63,744		10,114,260
Builders FirstSource, Inc.^(a)		56,064		8,097,324
Crane Co.		65,532		6,139,693
Encore Wire Corp.		40,037		6,833,916
ManpowerGroup, Inc.		84,224		6,643,589
Matson, Inc.		99,840		9,331,046
Owens Corning		77,619		10,865,884
Ryder System, Inc.		83,246		8,503,579
Veritiv Corp.		81,152		11,371,830
				77,901,121
Information Technology (5.40%)
Arrow Electronics, Inc.^(a)		60,160		8,575,206
DXC Technology Co.^(a)		215,552		5,960,013
HP, Inc.		247,296		8,118,728
Kulicke & Soffa Industries, Inc.		137,519		8,234,638
Sanmina Corp.^(a)		144,384		8,873,840
Xerox Holdings Corp.		308,992		4,937,692
				44,700,117
Materials (19.64%)
Alpha Metallurgical Resources, Inc.		53,248		9,223,618
CF Industries Holdings, Inc.		67,840		5,568,307
Dow, Inc.		142,080		8,023,258
DuPont de Nemours, Inc.		107,008		8,307,031
Greif, Inc., Class A		114,176		8,445,599
Huntsman Corp.		241,152		7,179,095
International Paper Co.		165,120		5,954,227
Louisiana-Pacific Corp.		182,528		13,895,857
LyondellBasell Industries NV, Class A		72,960		7,212,826
Mosaic Co.		230,144		9,380,669
Nucor Corp.		71,280		12,266,575
Olin Corp.		133,632		7,707,894
Reliance Steel & Aluminum Co.		45,312		13,270,072
Ryerson Holding Corp.		344,832		14,651,912
Steel Dynamics, Inc.		77,824		8,294,482
Sylvamo Corp.		152,994		7,507,416
United States Steel Corp.		278,291		7,096,420
Warrior Met Coal, Inc.		192,768		8,529,984
				162,515,242

	Shares	Value
Materials (continued)

Total Common Stocks
(Cost $768,698,443)		$	824,819,942

	Shares		Value
Short-Term Investment (0.44%)
Fidelity Investments Money Market Treasury Portfolio Institutional Class, 5.19%^(c)(d)		3,669,620	$	3,669,620

Total Short-Term Investment
(Cost $3,669,620)				3,669,620

Total Investments (100.10%)
(Cost $772,368,063)			$	828,489,562

Liabilities Less Other Assets (-0.10%)				(873,501	)

Net Assets (100.00%)			$	827,616,061

Percentages based on Net Assets.

^(a)	Non-income producing security.
^(b)	This security or a partial position of this security is on loan at July 31, 2023. The total value of securities on loan at July 31, 2023 was $3,598,131.
^(c)	This security was purchased with cash collateral held from securities on loan. The total value of such securities as of July 31, 2023 was $3,669,620.
^(d)	Rate shown is the 7-day effective yield as of July 31, 2023.

As of July 31, 2023, all of the Fund's investments in securities were considered Level 1, in accordance with the authoritative guidance on fair value measurements and disclosure under U.S. generally accepted accounting principles.

Sector Weightings
Cambria Foreign Shareholder Yield ETF
Financials	21.96	%
Energy	20.51	%
Materials	19.32	%
Industrials	16.45	%
Consumer Discretionary	7.11	%
Communication Services	4.99	%
Information Technology	4.05	%
Consumer Staples	3.13	%
Real Estate	1.39	%
Other	1.09	%
	100.00	%

Percentages based on total investments, excluding investments purchased with collateral from securities loaned.

Cambria Foreign Shareholder Yield ETF

Schedule of Investments

July 31, 2023 (Unaudited)

	Shares		Value
Common Stocks (97.88%)
Australia (7.77%)
CSR, Ltd.		575,218	$	2,210,059
Fortescue Metals Group, Ltd.		214,666		3,126,064
New Hope Corp., Ltd.		640,740		2,285,344
Santos, Ltd.		408,698		2,185,199
Super Retail Group, Ltd.		284,351		2,351,192
Whitehaven Coal, Ltd.		321,094		1,492,497
Woodside Energy Group, Ltd.		89,595		2,286,275
Yancoal Australia, Ltd.^(a)		505,352		1,731,169
				17,667,799
Austria (1.12%)
Wienerberger AG		78,011		2,557,766

Canada (16.89%)
Canadian Natural Resources, Ltd.		36,200		2,201,401
Corus Entertainment, Inc., Class B^(a)		1,194,600		1,313,594
Crescent Point Energy Corp.		307,700		2,494,455
Home Capital Group, Inc.		90,500		2,938,771
Imperial Oil, Ltd.		72,400		3,900,425
Interfor Corp.		108,600		1,943,624
International Petroleum Corp.^(b)		191,136		1,800,888
Labrador Iron Ore Royalty Corp.^(a)		105,716		2,538,178
MEG Energy Corp.^(b)		162,900		2,904,318
Mullen Group, Ltd.		235,300		2,830,060
Parex Resources, Inc.		108,600		2,405,647

	Shares		Value
Canada (continued)
Peyto Exploration & Development Corp.^(a)		199,100	$	1,718,241
Stelco Holdings, Inc.		90,500		3,299,769
Suncor Energy, Inc.		72,400		2,265,365
West Fraser Timber Co., Ltd.		18,100		1,524,976
Whitecap Resources, Inc.		289,600		2,312,583
				38,392,295
Denmark (2.15%)
D/S Norden A/S		43,440		2,177,961
Scandinavian Tobacco Group A/S, Class A^(c)		156,565		2,721,303
				4,899,264
Finland (0.94%)
Sampo Oyj^(b)		48,508		2,138,192

France (6.99%)
Amundi SA^(c)		35,838		2,198,747
AXA SA		89,595		2,755,329
Coface SA		169,416		2,481,167
Metropole Television SA		106,790		1,508,798
Nexity SA		78,192		1,324,836
SCOR SE		101,179		3,022,577
TotalEnergies SE		42,897		2,606,364
				15,897,818
Germany (3.73%)
Bayerische Motoren Werke AG		17,376		2,117,981
DWS Group GmbH & Co. KGaA^(c)		48,689		1,709,870
Freenet AG		102,084		2,527,687
Muenchener Rueckversicherungs-Gesellschaft AG in Muenchen		5,611		2,113,610
				8,469,148
Great Britain (12.42%)
abrdn PLC		998,758		2,972,395
Anglo American PLC		44,345		1,362,430
Aviva PLC		348,974		1,739,473
Balfour Beatty PLC		541,371		2,427,523
Barratt Developments PLC		401,458		2,352,971
BP PLC		531,959		3,297,393
British American Tobacco PLC		67,151		2,253,994
Legal & General Group PLC		549,886		1,647,096
Man Group PLC		622,278		1,907,060
Persimmon PLC		100,636		1,496,864
Quilter PLC^(c)		1,433,353		1,436,646
Rio Tinto PLC		49,238		3,254,267
WPP PLC		190,412		2,081,016
				28,229,128

	Shares		Value
Hong Kong (6.82%)
China Resources Cement Holdings, Ltd.		2,896,000	$	1,255,110
CK Hutchison Holdings, Ltd.		362,000		2,232,648
New World Development Co., Ltd.		724,000		1,780,549
Orient Overseas International, Ltd.		90,500		1,507,386
Pacific Basin Shipping, Ltd.		5,792,000		1,878,952
PC Partner Group, Ltd.		2,534,000		1,260,680
Shougang Fushan Resources Group, Ltd.		6,516,000		1,871,526
Skyworth Group, Ltd.^(b)		4,706,000		2,136,101
VTech Holdings, Ltd.		253,400		1,577,475
				15,500,427
Italy (3.73%)
Anima Holding SpA^(c)		452,681		1,745,024
Eni SpA		171,588		2,619,382
Unipol Gruppo SpA		418,472		2,330,928
UnipolSai Assicurazioni SpA		694,497		1,785,304
				8,480,638
Japan (20.15%)
Aozora Bank, Ltd.^(a)		90,500		1,858,474
Citizen Watch Co., Ltd.		524,900		3,423,943
Dai-ichi Life Holdings, Inc.		126,700		2,587,614
Hakuto Co., Ltd.		69,600		2,739,676
Iyogin Holdings, Inc.		434,400		3,064,144
Japan Petroleum Exploration Co., Ltd.		72,400		2,483,478
Japan Post Holdings Co., Ltd.		271,500		1,982,838
Japan Tobacco, Inc.		90,500		2,005,739
Kamigumi Co., Ltd.		108,600		2,517,575
Mitsubishi Logistics Corp.		72,400		1,816,298
Mitsuboshi Belting, Ltd.		90,500		2,862,615
Mitsui & Co., Ltd.		69,600		2,710,811
Niterra Co., Ltd.		108,600		2,291,619
Nitto Kogyo Corp.		126,700		3,237,300
Press Kogyo Co., Ltd.		687,800		3,074,831
Sumitomo Warehouse Co., Ltd.		144,800		2,487,549
Tokio Marine Holdings, Inc.		90,500		2,073,170
Yamato Kogyo Co., Ltd.		54,300		2,591,240
				45,808,914
Luxembourg (1.61%)
APERAM SA		62,445		1,971,875
RTL Group SA		39,096		1,690,220
				3,662,095
Netherlands (2.10%)
NN Group NV		61,178		2,346,221

	Shares		Value
Netherlands (continued)
Stellantis NV^(b)		118,555	$	2,430,280
				4,776,501
New Zealand (0.76%)
Fletcher Building, Ltd.		496,483		1,720,676

Norway (3.94%)
Elkem ASA^(c)		632,595		1,500,494
Golden Ocean Group, Ltd.		235,481		1,842,946
Hoegh Autoliners ASA		359,285		2,079,128
Telenor ASA		182,994		1,959,028
Yara International ASA		38,553		1,576,348
				8,957,944
Spain (2.15%)
ACS Actividades de Construccion y Servicios SA		64,436		2,252,249
Repsol SA		171,950		2,627,933
				4,880,182
Sweden (2.22%)
SSAB AB		812,147		5,037,007

Switzerland (2.39%)
Ferrexpo PLC^(b)		922,014		1,086,240
Glencore PLC		341,366		2,074,586
Holcim, Ltd.^(b)		32,580		2,264,031
				5,424,857

Total Common Stocks
(Cost $220,641,063)				222,500,651

	Shares		Value
Short-Term Investment (2.54%)
Fidelity Investments Money Market Treasury Portfolio Institutional Class, 5.19%^(d)(e)		5,768,004	$	5,768,004

Total Short-Term Investment
(Cost $5,768,004)				5,768,004

Total Investments (100.42%)
(Cost $226,409,067)			$	228,268,655

Liabilities Less Other Assets (-0.42%)				(939,483	)

Net Assets (100.00%)			$	227,329,172
Percentages based on Net Assets.

^(a)	This security or a partial position of this security is on loan at July 31, 2023. The total value of securities on loan at July 31, 2023 was $5,411,724.
^(b)	Non-income producing security.
^(c)	Securities exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be resold in transactions exempt from registration, normally to qualified institutional buyers. As of July 31, 2023, the fair value of securities restricted under Rule 144A in the aggregate was $11,312,084, representing 4.98% of net assets.
^(d)	This security was purchased with cash collateral held from securities on loan. The total value of such securities as of July 31, 2023 was $5,768,004.
^(e)	Rate shown is the 7-day effective yield as of July 31, 2023.

Investment Abbreviations:

GmbH - German Company with limited liability

KGaA - German Master Limited Partnership

Oyj - Finnish public stock company

PLC - Public Limited Company

SpA - Italian Public Limited Company

Sector Weightings
Cambria Global Value ETF
Financials	32.63	%
Utilities	16.37	%
Materials	10.05	%
Energy	9.47	%
Industrials	9.27	%
Real Estate	7.45	%
Consumer Staples	5.63	%
Consumer Discretionary	3.72	%
Information Technology	1.91	%
Health Care	1.48	%
Communication Services	1.33	%
Other	0.69	%
	100.00	%

Percentages based on total investments, excluding investments purchased with collateral from securities loaned.

Cambria Global Value ETF

Schedule of Investments

July 31, 2023 (Unaudited)

	Shares		Value
Common Stocks (96.20%)
Austria (9.52%)
ANDRITZ AG		18,354	$	969,866
AT&S Austria Technologie & Systemtechnik AG^(a)		41,363		1,562,653
BAWAG Group AG^(b)		25,270		1,230,853
Erste Group Bank AG^(c)		59,452		2,259,114
EVN AG^(c)		53,599		1,269,993
OMV AG		26,866		1,211,111
Raiffeisen Bank International AG^(c)		79,268		1,282,930
Verbund AG		14,098		1,167,987
Voestalpine AG		37,107		1,228,060
Wienerberger AG		41,895		1,373,622
				13,556,189
Brazil (9.03%)
Atacadao SA		505,400		1,443,924
Banco Santander Brasil SA		186,200		1,130,883
Centrais Eletricas Brasileiras SA		159,600		1,303,463
Cia Siderurgica Nacional SA		399,000		1,165,253
Gerdau SA		237,405		1,469,991
Itau Unibanco Holding SA		266,000		1,609,922
JBS S/A		319,200		1,267,012
Petroleo Brasileiro SA		186,200		1,225,386
Telefonica Brasil SA		119,700		1,070,497
Vale SA		79,800		1,170,316
				12,856,647

	Shares		Value
Chile (9.51%)
Banco Santander Chile		24,307,612	$	1,297,746
CAP SA		100,681		768,058
Cencosud SA		751,716		1,615,534
Cia Sud Americana de Vapores SA		10,570,175		800,060
Colbun SA		11,978,512		1,891,130
Empresas CMPC SA		807,310		1,593,555
Empresas COPEC SA		167,314		1,283,356
Enel Americas SA		11,385,332		1,538,953
Falabella SA		444,752		1,229,907
Quinenco SA		435,442		1,515,583
				13,533,882
Czech Republic (7.67%)
CEZ AS		51,870		2,295,423
Komercni Banka AS		92,036		3,018,143
Moneta Money Bank AS^(b)		817,817		3,218,248
Philip Morris CR AS		3,059		2,385,010
				10,916,824
Great Britain (7.62%)
Anglo American PLC		27,531		845,847
Aviva PLC		168,982		842,297
Barclays PLC		646,912		1,286,501
BP PLC		231,287		1,433,652
Legal & General Group PLC		387,562		1,160,880
Lloyds Banking Group PLC		2,201,283		1,269,422
Rio Tinto PLC		17,689		1,169,112
Segro PLC		81,662		799,632
Shell PLC		42,294		1,284,219
Vodafone Group PLC		784,966		749,798
				10,841,360
Greece (–%)^(d)
FF Group^(c)(e)		25,407		–

Hong Kong (7.64%)
BOC Hong Kong Holdings, Ltd.		399,000		1,212,517
China Overseas Land & Investment, Ltd.		465,500		1,095,870
China Resources Land, Ltd.		266,000		1,231,276
CK Asset Holdings, Ltd.		199,500		1,151,124
CK Hutchison Holdings, Ltd.		199,500		1,230,423
Geely Automobile Holdings, Ltd.		931,000		1,344,172
Orient Overseas International, Ltd.		66,500		1,107,637
Sino Land Co., Ltd.		1,064,000		1,302,902
Swire Properties, Ltd.		478,800		1,197,169
				10,873,090
Italy (9.33%)
A2A SpA		727,377		1,387,975

	Shares		Value
Italy (continued)
Assicurazioni Generali SpA		59,850	$	1,275,308
Banco BPM SpA		278,236		1,391,333
Enel SpA		196,574		1,355,593
Eni SpA		82,992		1,266,917
Intesa Sanpaolo SpA		456,988		1,320,969
Leonardo SpA		99,883		1,352,457
Pirelli & C SpA^(b)		238,735		1,273,078
UniCredit SpA		57,722		1,459,710
UnipolSai Assicurazioni SpA		468,426		1,204,156
				13,287,496
Malaysia (7.57%)
CIMB Group Holdings Bhd		1,024,100		1,260,536
Hartalega Holdings Bhd		2,261,000		1,103,171
Hong Leong Bank Bhd		252,700		1,097,331
Malayan Banking Bhd		585,200		1,170,660
Petronas Chemicals Group Bhd		665,000		1,025,006
Public Bank Bhd		1,130,500		1,045,506
RHB Bank Bhd		864,500		1,090,930
Sime Darby Bhd		2,221,100		1,073,852
Sime Darby Plantation Bhd		984,200		993,149
Top Glove Corp. Bhd^(c)		4,522,000		922,652
				10,782,793
Netherlands (1.09%)
Ferrovial SE^(a)		46,683		1,547,032

Poland (9.78%)
Alior Bank SA^(c)		155,078		2,247,008
Jastrzebska Spolka Weglowa SA^(a)		76,874		784,928
KGHM Polska Miedz SA		38,437		1,190,346
Lubelski Wegiel Bogdanka SA^(a)		100,548		980,968
ORLEN SA		239,457		4,273,664
PGE Polska Grupa Energetyczna SA^(c)		553,546		1,177,666
Powszechny Zaklad Ubezpieczen SA		179,018		1,811,342
Tauron Polska Energia SA^(c)		1,573,390		1,462,367
				13,928,289
Russia (–%)^(d)
Alrosa PJSC^(e)		1,262,976		–
Gazprom Neft PJSC^(e)		334,880		–
Gazprom PJSC^(e)		373,048		–
Rosneft Oil Co. PJSC^(e)		198,016		–
Sberbank of Russia PJSC^(e)		287,609		–
Severstal PAO^(c)(e)		82,992		–
Unipro PJSC^(c)(e)		22,421,984		–
				0

	Shares		Value
Singapore (9.36%)
CapitaLand Ascott Trust		22,748	$	19,160
CapitaLand Investment, Ltd./Singapore		399,000		1,020,192
CDL Hospitality Trusts		23,850		21,343
City Developments, Ltd.		212,800		1,182,622
Genting Singapore, Ltd.		1,755,600		1,241,033
Jardine Cycle & Carriage, Ltd.		53,200		1,371,458
Oversea-Chinese Banking Corp., Ltd.		133,000		1,330,250
Sembcorp Industries, Ltd.		478,800		1,962,369
Singapore Airlines, Ltd.		305,900		1,732,226
United Overseas Bank, Ltd.		53,200		1,204,226
UOL Group, Ltd.		226,100		1,195,325
Venture Corp., Ltd.		93,100		1,048,797
				13,329,001
Spain (8.08%)
Acciona SA		6,118		917,195
Banco Bilbao Vizcaya Argentaria SA		167,846		1,330,588
Banco Santander SA		412,566		1,670,904
CaixaBank SA		374,262		1,509,805
Enagas SA		54,663		969,750
Endesa SA		56,924		1,219,532
Iberdrola SA^(a)		103,873		1,296,842
Mapfre SA		663,404		1,379,326
Naturgy Energy Group SA		39,501		1,204,791
				11,498,733

Total Common Stocks
(Cost $141,771,765)				136,951,336

	Shares		Value
Short-Term Investment (0.52%)
Fidelity Investments Money Market Treasury Portfolio Institutional Class, 5.19%^(f)(g)		734,735	$	734,735

Total Short-Term Investment
(Cost $734,735)				734,735

Total Investments (96.72%)
(Cost $142,506,500)			$	137,686,071

Other Assets Less Liabilities (3.28%)				4,674,072

Net Assets (100.00%)			$	142,360,143

	Shares	Value
Short-Term Investment (continued)

Percentages based on Net Assets.

^(a)	This security or a partial position of this security is on loan at July 31, 2023. The total value of securities on loan at July 31, 2023 was $3,790,322.
^(b)	Securities exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be resold in transactions exempt from registration, normally to qualified institutional buyers. As of July 31, 2023, the fair value of securities restricted under Rule 144A in the aggregate was $5,722,179, representing 4.02% of net assets.

^(c)	Non-income producing security.
^(d)	Less than 0.005%.
^(e)	Level 3 security in accordance with fair value hierarchy.
^(f)	This security was purchased with cash collateral held from securities on loan. The total value of such securities as of July 31, 2023 was $734,735.
^(g)	Rate shown is the 7-day effective yield as of July 31, 2023.

Investment Abbreviations:

PJSC - Private Joint Stock Company

PLC - Public Limited Company

Cambria Global Value ETF

Investments in Securities at Value	Level 1 - Quoted and Unadjusted Prices		Level 2 - Other Significant Observable Inputs		Level 3 - Significant Unobservable Inputs⁽¹⁾		Total
Common Stocks
Austria	$	13,556,189		–	$	–		13,556,189
Brazil		12,856,647		–		–		12,856,647
Chile		13,533,882		–		–		13,533,882
Czech Republic		10,916,824		–		–		10,916,824
Great Britain		10,841,360		–		–		10,841,360
Hong Kong		10,873,090		–		–		10,873,090
Italy		13,287,496		–		–		13,287,496
Malaysia		10,782,793		–		–		10,782,793
Netherlands		1,547,032		–		–		1,547,032
Poland		13,928,289		–		–		13,928,289
Singapore		13,329,001		–		–		13,329,001
Spain		11,498,733		–		–		11,498,733
Short-Term Investment		734,735		–		–		734,735
Total	$	137,686,071	$	–	$	–	$	137,686,071

⁽¹⁾

The Fund considers transfers to Level 3 at the ending of the reporting period, which is $0 at the end of the reporting period. Change in unrealized appreciation/depreciation on Level 3 holding as of July 31, 2023 is $(10,075,918).

Sector Weightings
Cambria Global Momentum ETF
Exchange Traded Funds	100.00	%
	100.00	%

Percentages based on total investments, excluding investments purchased with collateral from securities loaned.

Cambria Global Momentum ETF

Schedule of Investments

July 31, 2023 (Unaudited)

	Shares		Value
Exchange Traded Funds (99.44%)
Global (38.50%)
Equity ETF (38.50%)
iShares^®Global Consumer Discretionary ETF^(a)		63,903	$	10,310,327
iShares^®Global Consumer Staples ETF		175,644		10,919,788
iShares^®Global Industrials ETF		92,344		11,378,628
iShares^®Global Tech ETF		186,235		11,792,400
Cambria Global Value ETF^*		1,011,262		21,570,016
				65,971,159
International (36.24%)
Equity ETF (24.37%)
Cambria Emerging Shareholder Yield ETF^*(a)		710,430		21,305,796
Cambria Foreign Shareholder Yield ETF^*		807,772		20,448,748
				41,754,544
Fixed Income ETF (11.87%)
VanEck Emerging Markets High Yield Bond ETF		551,922		10,089,134
WisdomTree Emerging Markets Local Debt Fund^*(a)		361,879		10,285,578
				20,374,712
North America (18.22%)
Commodity ETF (12.07%)
Invesco DB Precious Metals Fund		215,509		11,007,144
VanEck Gold Miners ETF/USA		308,091		9,677,138
				20,684,282
Equity ETF (6.15%)
Vanguard^®Total Stock Market ETF		45,934		10,489,029

	Shares		Value
United States (6.48%)
Commodity ETF (6.48%)
Graniteshares Gold Trust^(b)		571,676	$	11,107,665


Total Exchange Traded Funds
(Cost $159,246,425)				170,381,391

	Shares		Value
Short-Term Investment (0.92%)
Fidelity Investments Money Market Treasury Portfolio Institutional Class, 5.19%^(c)(d)		1,578,190	$	1,578,190
Total Short-Term Investment
(Cost $1,578,190)				1,578,190

Total Investments (100.36%)
(Cost $160,824,615)			$	171,959,581

Liabilities Less Other Assets (-0.36%)				(622,623	)

Net Assets (100.00%)			$	171,336,958
Percentages based on Net Assets.

^*	Affiliated investment is a registered investment company which is managed by Cambria Investment Management, L.P. (the “Investment Adviser”) or an affiliate of the Investment Adviser or which is distributed by an affiliate of the Fund’s distributor.
^(a)	This security or a partial position of this security is on loan at July 31, 2023. The total value of securities on loan at July 31, 2023 was $1,548,019.
^(b)	Non-income producing security.
^(c)	This security was purchased with cash collateral held from securities on loan. The total value of such securities as of July 31, 2023 was $1,578,190.
^(d)	Rate shown is the 7-day effective yield as of July 31, 2023.

Investment Abbreviations:

ETF - Exchange Traded Fund

Transactions with affiliated companies during the period ended July 31, 2023 are as follows:

Security Name	Market Value as of April 30, 2023		Purchases		Purchases In-Kind		Sales			Sales In-Kind			Market Value as of July 31, 2023		Share Balance as of July 31, 2023		Dividends		Change in Unrealized Gain (Loss)			Realized Gain/Loss
Cambria Emerging Shareholder Yield ETF	$	21,819,192	$	-	$	-	$	-		$	(1,373,657	)	$	21,305,796	$	710,430	$	726,512	$	830,847		$	29,414
Cambria Foreign Shareholder Yield ETF		21,697,862		10,245,293		-		(10,226,994	)		(915,701	)		20,448,748		807,772		310,718		436,310			(870,465	)
Cambria Global Value ETF		22,308,015		-		-		-			(1,401,607	)		21,570,016		1,011,262		694,341		579,531			84,078
WisdomTree Emerging Markets Local Debt Fund		10,435,429		-		-		-			(672,122	)		10,285,578		361,879		123,434		493,527			28,744
Invesco DB Precious Metals Fund		11,918,973		-		-		-			(737,139	)		11,007,144		215,509		-		(208,934	)		34,244
	$	88,179,471	$	10,245,293	$	-	$	(10,226,994	)	$	(5,100,226	)	$	84,617,282	$	3,106,852	$	1,855,005	$	2,131,281		$	(693,985	)

Sector Weightings
Cambria Global Asset Allocation ETF
Exchange Traded Funds	100.00	%
	100.00	%

Percentages based on total investments, excluding investments purchased with collateral from securities loaned.

Cambria Global Asset Allocation ETF

Schedule of Investments

July 31, 2023 (Unaudited)

	Shares		Value
Exchange Traded Funds (99.27%)
Global (13.80%)
Equity ETF (13.80%)
Alpha Architect Value Momentum Trend ETF		21,386	$	501,833
Cambria Global Real Estate ETF^*(a)		138,750		3,474,522
Cambria Global Value ETF^*		143,486		3,060,528
				7,036,883
International (36.07%)
Equity ETF (16.11%)
Alpha Architect International Quantitative Momentum ETF		38,480		1,014,694
Cambria Emerging Shareholder Yield ETF^*(a)		161,764		4,851,302
Cambria Foreign Shareholder Yield ETF^*(a)		92,907		2,351,941
				8,217,937
Fixed Income ETF (19.96%)
SPDR® FTSE International Government Inflation-Protected Bond ETF		31,857		1,347,233
VanEck Emerging Markets High Yield Bond ETF^(a)		109,668		2,004,731
VanEck International High Yield Bond ETF		50,986		1,032,976
VanEck J. P. Morgan EM Local Currency Bond ETF		125,726		3,256,304
Vanguard® Total International Bond ETF^(a)		52,022		2,535,552
				10,176,796
North America (0.95%)
Commodity ETF (0.95%)
VanEck Gold Miners ETF/USA		15,318		481,138

	Shares		Value
United States (48.45%)
Commodity ETF (9.89%)
Graniteshares Gold Trust^(b)		85,359	$	1,658,526
Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF^(a)		228,956		3,386,259
				5,044,785
Equity ETF (16.70%)
Alpha Architect US Quantitative Momentum ETF^(a)		45,325		2,131,032
Cambria Shareholder Yield ETF^*(a)		65,305		4,225,234
Cambria Value and Momentum ETF^*		81,215		2,157,062
				8,513,328
Fixed Income ETF (21.86%)
Schwab US TIPS Bond ETF^(a)		26,899		1,404,935
Vanguard® Intermediate-Term Corporate Bond ETF		19,425		1,536,517
Vanguard® Intermediate-Term Government Bond ETF		34,521		2,018,788
Vanguard® Long-Term Treasury Bond ETF		28,897		1,790,169
Vanguard® Short-Term Corporate Bond ETF		13,801		1,047,910
Vanguard® Total Bond Market ETF		46,250		3,349,425
				11,147,744
Total Exchange Traded Funds
(Cost $52,006,743)				50,618,611

	Shares		Value
Short-Term Investment (8.47%)
Fidelity Investments Money Market Treasury Portfolio Institutional Class, 5.19%^(c)(d)		4,317,910	$	4,317,910

Total Short-Term Investment
(Cost $4,317,910)				4,317,910

Total Investments (107.74%)
(Cost $56,324,653)			$	54,936,521

Liabilities Less Other Assets (-7.74%)				(3,943,713	)

Net Assets (100.00%)			$	50,992,808

	Shares	Value
Short-Term Investment (continued)
Percentages based on Net Assets.

^*	Affiliated investment is a registered investment company which is managed by Cambria Investment Management, L.P. (the “Investment Adviser”) or an affiliate of the Investment Adviser or which is distributed by an affiliate of the Fund’s distributor.
^(a)	This security or a partial position of this security is on loan at July 31, 2023. The total value of securities on loan at July 31, 2023 was $4,204,231.

^(b)	Non-income producing security.
^(c)	This security was purchased with cash collateral held from securities on loan. The total value of such securities as of July 31, 2023 was $4,317,910.
^(d)	Rate shown is the 7-day effective yield as of July 31, 2023.

Investment Abbreviations:

ETF - Exchange Traded Funds

FTSE - Financial Times Stock Exchange

SPDR - Standard & Poor's Depository Receipt

TIPS - Treasury Inflation Protected Security

Transactions with affiliated companies during the period ended July 31, 2023 are as follows:

Security Name	Market Value as of April 30, 2023		Purchases		Purchases In-Kind		Sales		Sales In-Kind			Market Value as of July 31, 2023		Share Balance as of July 31, 2023		Dividends		Change in Unrealized Gain (Loss)			Realized Gain/Loss
Cambria Emerging Shareholder Yield ETF	$	4,781,062	$	-	$	121,619	$	-	$	(245,619	)	$	4,851,302	$	161,764	$	160,046	$	198,701		$	(4,459	)
Cambria Foreign Shareholder Yield ETF		2,422,663		-		61,293		-		(122,286	)		2,351,941		92,907		69,768		(10,011	)		280
Cambria Global Real Estate ETF		3,079,046		400,349		92,545		-		(169,523	)		3,474,522		138,750		86,233		42,688			(2,619	)
Cambria Value and Momentum ETF		2,051,536		-		57,008		-		(109,897	)		2,157,062		81,215		7,898		117,378			41,038
Cambria Shareholder Yield ETF		3,896,096		-		109,819		-		(207,264	)		4,225,234		65,305		19,205		324,676			101,908
Cambria Global Value ETF		3,046,014		-		78,064		-		(157,350	)		3,060,528		143,486		95,315		87,891			5,909
Grand Total	$	19,276,417	$	400,349	$	520,348	$	-	$	(1,011,939	)	$	20,120,589	$	683,427	$	438,465	$	761,323		$	142,057

Sector Weightings
Cambria Value and Momentum ETF
Consumer Discretionary	25.21	%
Financials	18.30	%
Industrials	17.14	%
Energy	12.90	%
Materials	12.55	%
Information Technology	7.13	%
Health Care	4.00	%
Communication Services	1.99	%
Consumer Staples	0.60	%
Other	0.18	%
	100.00	%

Percentages based on total investments, excluding investments purchased with collateral from securities loaned.

Cambria Value and Momentum ETF

Schedule of Investments

July 31, 2023 (Unaudited)

	Shares		Value
Common Stocks (94.52%)
Communication Services (1.89%)
Scholastic Corp.		12,474	$	538,752
Sciplay Corp.^(a)		26,379		517,028
				1,055,780
Consumer Discretionary (23.87%)
Academy Sports & Outdoors, Inc.		6,835		408,665
Adtalem Global Education, Inc.^(a)		10,500		454,020
Asbury Automotive Group, Inc.^(a)		2,137		482,107
AutoNation, Inc.^(a)		3,864		622,027
Century Communities, Inc.		7,336		566,486
DR Horton, Inc.		4,542		576,925
Green Brick Partners, Inc.^(a)		13,296		751,490
Group 1 Automotive, Inc.		2,394		618,921
KB Home		7,350		396,679
Lennar Corp., Class A		4,242		538,013
M/I Homes, Inc.^(a)		7,293		729,300
MasterCraft Boat Holdings, Inc.		13,756		421,621
MDC Holdings, Inc.		8,442		432,906
Meritage Homes Corp.		3,954		588,948
ODP Corp.^(a)		10,477		522,593
Patrick Industries, Inc.		6,377		551,929
Penske Automotive Group, Inc.		4,368		705,083
Perdoceo Education Corp.^(a)		35,486		473,738
PulteGroup, Inc.		7,809		659,001
PVH Corp.		4,620		414,137
Taylor Morrison Home Corp.^(a)		11,979		580,023

	Shares		Value
Consumer Discretionary (continued)
Toll Brothers, Inc.		7,522	$	604,242
Tri Pointe Homes, Inc.^(a)		11,928		380,265
Upbound Group, Inc., Class A^(a)		12,390		429,066
Urban Outfitters, Inc.^(a)		12,054		438,404
				13,346,589
Consumer Staples (0.57%)
Cal-Maine Foods, Inc.		6,888		318,157

Energy (12.21%)
Chevron Corp.		2,436		398,676
Chord Energy Corp.		4,126		647,122
Civitas Resources, Inc.		7,392		553,365
CONSOL Energy, Inc.		7,980		594,670
Exxon Mobil Corp.		4,872		522,473
Gulfport Energy Corp.^(a)		3,906		400,170
Helix Energy Solutions Group, Inc.^(a)		68,809		660,566
Marathon Petroleum Corp.		4,200		558,684
PBF Energy, Inc.		13,711		650,450
PDC Energy, Inc.		8,568		650,225
Permian Resources Corp.		55,177		645,019
Plains GP Holdings LP, Class A		34,818		546,294
Vitesse Energy, Inc.^(a)		8		202
				6,827,916
Financials (17.33%)
American Equity Investment Life Holding Co.		10,248		550,010
Bancorp, Inc.^(a)		14,692		556,827
eHealth, Inc.^(a)		53,937		407,764
Enova International, Inc.^(a)		10,060		554,205
First Citizens BancShares, Inc., Class A		294		420,802
Genworth Financial, Inc., Class A^(a)		96,485		565,402
Loews Corp.		9,818		615,098
MGIC Investment Corp.		24,948		417,629
Mr Cooper Group, Inc.^(a)		11,046		640,337
Old Republic International Corp.		18,480		509,494
Oscar Health, Inc.^(a)		45,150		339,528
Pathward Financial, Inc.		9,947		516,846
Primerica, Inc.		1,974		419,870
PROG Holdings, Inc.^(a)		12,096		490,856
Radian Group, Inc.		15,204		409,444
Remitly Global, Inc.^(a)		20,916		403,260
Travelers Cos., Inc.		3,486		601,718
Unum Group		15,456		751,316
Voya Financial, Inc.		6,972		517,741
				9,688,147

	Shares		Value
Health Care (3.79%)
Arcturus Therapeutics Holdings, Inc.^(a)		15,330	$	535,937
Cardinal Health, Inc.		6,163		563,729
Cross Country Healthcare, Inc.^(a)		19,130		493,554
McKesson Corp.		1,302		523,925
				2,117,145
Industrials (16.23%)
ArcBest Corp.		4,801		558,452
Atkore, Inc.^(a)		3,138		497,906
Boise Cascade Co.		8,736		904,089
Builders FirstSource, Inc.^(a)		5,216		753,347
Crane NXT Co.		6,846		404,941
EMCOR Group, Inc.		2,723		585,554
Encore Wire Corp.		3,444		587,856
Fluence Energy, Inc.^(a)		16,254		475,267
GMS, Inc.^(a)		5,544		408,537
Insteel Industries, Inc.		14,490		467,303
Mueller Industries, Inc.		7,896		640,050
MYR Group, Inc.^(a)		2,772		395,176
Owens Corning		3,024		423,330
SkyWest, Inc.^(a)		9,702		426,791
Sterling Infrastructure, Inc.^(a)		7,224		433,368
Terex Corp.		6,636		389,069
Univar Solutions, Inc.^(a)		10,542		380,988
Wabash National Corp.		14,574		345,112
				9,077,136
Information Technology (6.75%)
Arrow Electronics, Inc.^(a)		2,772		395,121
Avnet, Inc.		14,070		682,395
Insight Enterprises, Inc.^(a)		2,646		388,142
InterDigital, Inc.		4,158		385,405
Jabil, Inc.		3,696		409,036
Photronics, Inc.^(a)		23,016		608,773
Sanmina Corp.^(a)		8,561		526,159
Vishay Intertechnology, Inc.		13,440		378,336
				3,773,367
Materials (11.88%)
Alpha Metallurgical Resources, Inc.		3,990		691,148
Commercial Metals Co.		10,548		603,556
Nucor Corp.		4,074		701,095
O-I Glass, Inc.^(a)		18,480		424,301
Olympic Steel, Inc.		8,771		489,334
Reliance Steel & Aluminum Co.		2,058		602,706
Ryerson Holding Corp.		15,750		669,217
Steel Dynamics, Inc.		4,503		479,930
TimkenSteel Corp.^(a)		36,372		847,468
Warrior Met Coal, Inc.		12,684		561,267

	Shares		Value
Materials (continued)
Westlake Corp.		4,179	$	574,612
				6,644,634

Total Common Stocks
(Cost $44,333,541)				52,848,871

	Shares		Value
Rights (0.17%)
Resolute Forest Prod Cvr, Expires 12/31/2049, Strike Price $0^(b)		66,033		93,767

Total Investments (94.69%)
(Cost $44,333,541)			$	52,942,638

Other Assets Less Liabilities (5.31%)				2,969,015

Net Assets (100.00%)			$	55,911,653

Percentages based on Net Assets.

^(a)	Non-income producing security.
^(b)	Level 3 security in accordance with fair value hierarchy.

The open futures contracts held by the Fund as of July 31, 2023 are as follows:

Type of

Contract

Number of

Contracts

Short

Expiration

Date

Notional

Amount

Notional

Value

Unrealized

Appreciation

S&P^®500 Mini Future

126

Sep-2023

29,071,350

28,215,377

(855,973

)

For the period ended July 31, 2023, the monthly average notional value of the short equity futures contracts held was $30,714,087 and the ending notional value of the futures contacts was $29,071,350.

Cambria Value and Momentum ETF
Investments in Securities at Value		Level 1 - Quoted and Unadjusted Prices		Level 2 - Other Significant Observable Inputs		Level 3 - Significant Unobservable Inputs		Total
Common Stocks	$	52,848,871	$	–	$	–	$	52,848,871
Rights and Warrants		–		–		93,767		93,767
Total	$	52,848,871	$	–	$	93,767	$	52,942,638

Sector Weightings
Cambria Global Tail Risk ETF
Exchange Traded Funds	88.79	%
Sovereign Debt	5.70	%
Purchased Options	5.51	%
	100.00	%

Percentages based on total investments, excluding investments purchased with collateral from securities loaned.

Cambria Global Tail Risk ETF

Schedule of Investments

July 31, 2023 (Unaudited)

	Shares		Value
Exchange Traded Funds (81.19%)
International (38.76%)
Fixed Income ETF (38.76%)
VanEck J. P. Morgan EM Local Currency Bond ETF		29,150	$	754,985
Vanguard^®Total International Bond ETF^(a)		14,221		693,132
				1,448,117
United States (42.43%)
Fixed Income ETF (42.43%)
iShares^®7-10 Year Treasury Bond ETF		8,435		807,567
iShares^®TIPS Bond ETF		7,254		777,338
				1,584,905

Total Exchange Traded Funds
(Cost $3,037,515)				3,033,022

	Currency	Face Amount		Value
Sovereign Debt (5.21%)
Colombian TES, 7.500%, 8/26/2026	COP		812,500,000		194,576


Total Sovereign Debt
(Cost $285,250)					194,576

Contracts		Notional Amount		Value
Purchased Options (5.04%)
Put Options
MSCI EAFE Index-MXEA US 03/15/24 P2000
Expires 03/15/24, Strike Price $2,000	12	$	2,639,237	$	42,000
MSCI EAFE Index-MXEA US 06/21/24 P2000
Expires 06/21/24, Strike Price $2,000	12		2,639,237		60,360
MSCI EAFE Index-MXEA US 09/15/23 P1700
Expires 09/15/23, Strike Price $1,700	8		1,759,491		40
MSCI EAFE Index-MXEA US 12/15/23 P1900
Expires 12/15/23, Strike Price $1,900	8		1,759,491		10,720
MSCI Emerging Markets Index-MXEF US 03/15/24 P950
Expires 03/14/24, Strike Price $950	16		1,675,059		28,480
MSCI Emerging Markets Index-MXEF US 06/21/24 P950
Expires 06/20/24, Strike Price $950	12		1,256,294		32,040
MSCI Emerging Markets Index-MXEF US 09/15/23 P900
Expires 09/14/23, Strike Price $900	8		837,530		720
MSCI Emerging Markets Index-MXEF US 12/15/23 P950
Expires 12/14/23, Strike Price $950	12		1,256,295		13,920

Total Purchased Options
(Cost $573,715)					188,280

	Shares		Value
Short-Term Investment (14.12%)
Fidelity Investments Money Market Treasury Portfolio Institutional Class, 5.19%^(b)(c)		527,456	$	527,456

Total Short-Term Investment
(Cost $527,456)				527,456

Total Investments (105.56%)
(Cost $4,423,936)			$	3,943,334

Liabilities Less Other Assets (-5.56%)				(207,768	)

Net Assets (100.00%)			$	3,735,566
Percentages based on Net Assets.

^(a)	This security or a partial position of this security is on loan at July 31, 2023. The total value of securities on loan at July 31, 2023 was $516,644.
^(b)	This security was purchased with cash collateral held from securities on loan. The total value of such securities as of July 31, 2023 was $527,456.
^(c)	Rate shown is the 7-day effective yield as of July 31, 2023.

Currency Abbreviations:

COP — Colombian Peso

Investment Abbreviations:

EAFE - Europe, Australasia and Far East

ETF - Exchange Traded Funds

MSCI- Morgan Stanley Capital International

MXEA- Ticker for MSCI EAFE Index

MXEF- Ticker for MSCI Emerging Markets Index

TIPS - Treasury Inflation Protected Security

Cambria Global Tail Risk ETF
Investments in Securities at Value		Level 1 - Quoted and Unadjusted Prices		Level 2 - Other Significant Observable Inputs		Level 3 - Significant Unobservable Inputs		Total
Exchange Traded Funds	$	3,033,022	$	–	$	–	$	3,033,022
Sovereign Debt		–		194,576		–		194,576
Short-Term Investment		527,456		–		–		527,456
Total	$	3,560,478	$	194,576	$	–	$	3,755,054
Other Financial Instruments
Purchased Options	$	188,280	$	–	$	–	$	188,280
Total	$	188,280	$	–	$	–	$	188,280

As of July 31, 2023, all of the Fund's investments in securities were considered Level 1 or Level 2, in accordance with the authoritative guidance on fair value measurements and disclosure under U.S. generally accepted accounting principles.

Sector Weightings
Cambria Emerging Shareholder Yield ETF
Information Technology	22.46	%
Financials	16.83	%
Energy	16.07	%
Materials	13.68	%
Consumer Discretionary	10.36	%
Industrials	9.62	%
Utilities	4.51	%
Consumer Staples	3.07	%
Health Care	2.40	%
Real Estate	1.00	%
	100.00	%

Percentages based on total investments, excluding investments purchased with collateral from securities loaned.

Cambria Emerging Shareholder Yield ETF

Schedule of Investments

July 31, 2023 (Unaudited)

	Shares		Value
Common Stocks (96.59%)
Brazil (4.05%)
Cia de Saneamento de Minas Gerais Copasa MG^(a)		452,200	$	1,931,682
Cielo SA		2,114,700		2,115,259
Petroleo Brasileiro SA		279,300		2,056,026
Ultrapar Participacoes SA		478,800		1,912,668
				8,015,635
China (17.35%)
Anhui Conch Cement Co., Ltd., Class H		465,500		1,399,681
Bank of Communications Co., Ltd., Class H		3,325,000		2,003,808
China Coal Energy Co., Ltd., Class H		2,261,000		1,632,208
China Hongqiao Group, Ltd.		1,862,000		1,788,250
China Petroleum & Chemical Corp.		4,350,000		2,426,304
China Shenhua Energy Co., Ltd., Class H		931,000		2,781,456
E-Commodities Holdings, Ltd.		9,576,000		1,534,832
Fufeng Group, Ltd.		3,724,000		2,024,614
Huadian Power International Corp., Ltd., Class H^(b)		5,980,000		2,645,373
JNBY Design, Ltd.		1,263,500		1,482,392
Lonking Holdings, Ltd.		5,719,000		1,019,299
People's Insurance Co. Group of China, Ltd.		6,367,000		2,441,027
PetroChina Co., Ltd., Class H		3,900,000		2,845,401

	Shares		Value
China (continued)
Shenzhen Expressway Corp., Ltd., Class H		1,862,000	$	1,606,798
Tianli International Holdings, Ltd.		7,315,000		2,645,027
Tianneng Power International, Ltd.^(b)		130,000		145,187
Yankuang Energy Group Co., Ltd., Class H		1,596,000		2,394,338
Zhejiang Expressway Co., Ltd., Class H		1,862,000		1,492,198
				34,308,193
Hong Kong (1.13%)
China Medical System Holdings, Ltd.		1,330,000		2,234,033

India (7.82%)
Bank of Baroda		743,736		1,828,398
Coal India, Ltd.		799,463		2,228,325
Indian Bank		802,741		3,385,715
Oil & Natural Gas Corp., Ltd.		1,172,262		2,523,430
Oil India, Ltd.		793,611		2,660,205
Vedanta, Ltd.		846,545		2,840,729
				15,466,802
Indonesia (1.61%)
Indo Tambangraya Megah Tbk PT		824,600		1,487,342
United Tractors Tbk PT		931,000		1,699,322
				3,186,664
Mexico (3.64%)
Arca Continental SAB de CV		266,000		2,668,896
Banco del Bajio SA^(c)		771,400		2,339,768
GCC SAB de CV		226,100		2,188,356
				7,197,020
Poland (2.25%)
Powszechna Kasa Oszczednosci Bank Polski SA		213,465		2,166,811
Powszechny Zaklad Ubezpieczen SA		224,903		2,275,615
				4,442,426
Russia (–%)^(d)
Alrosa PJSC^(e)		538,800		–
Beluga Group PJSC^(e)		20,340		–
Federal Grid Co. - Rosseti PJSC^(a)(e)		328,200,000		4
Gazprom Neft PJSC^(e)		223,200		–
Gazprom PJSC^(e)		423,000		–
Inter RAO UES PJSC^(e)		11,040,000		–
LUKOIL PJSC^(e)		17,160		–
Magnitogorsk Iron & Steel Works PJSC^(a)(e)		1,560,000		–

	Shares		Value
Russia (continued)
Novolipetsk Steel PJSC^(a)(e)		458,400	$	–
OGK-2 PJSC^(e)		94,200,000		1
Sberbank of Russia PJSC^(e)		276,600		–
Severstal PAO^(a)(e)		85,200		–
Unipro PJSC^(a)(e)		21,240,000		–
				5
South Africa (15.51%)
Absa Group, Ltd.		188,666		1,998,617
AECI, Ltd.		366,947		1,934,891
African Rainbow Minerals, Ltd.		174,762		1,961,751
Exxaro Resources, Ltd.		131,537		1,191,675
Investec PLC		435,176		2,725,363
Investec, Ltd.		427,728		2,669,869
Kumba Iron Ore, Ltd.		65,702		1,795,037
Motus Holdings, Ltd.		422,009		2,489,284
Nedbank Group, Ltd.		154,147		2,025,557
Reunert, Ltd.		763,277		2,565,917
Sasol, Ltd.		115,636		1,606,667
Sibanye Stillwater, Ltd.		790,818		1,495,518
Thungela Resources, Ltd.		122,892		916,893
Tiger Brands, Ltd.		136,857		1,217,833
Truworths International, Ltd.		1,014,933		4,074,204
				30,669,076
South Korea (15.39%)
Aekyung Chemical Co., Ltd.		122,759		1,906,898
DB Insurance Co., Ltd.		33,516		1,985,218
GS Holdings Corp.		62,901		1,860,407
Hanmi Semiconductor Co., Ltd.		134,596		5,121,332
HD Hyundai Construction Equipment Co., Ltd.		43,757		2,804,650
HD Hyundai Infracore Co., Ltd.		298,319		2,883,372
Kia Corp.		35,133		2,279,449
KT&G Corp.		30,432		1,972,058
LX Semicon Co., Ltd.		29,127		2,337,655
Poongsan Corp.		60,249		1,772,516
PSK, Inc.		115,178		2,033,111
S-Oil Corp.		32,689		1,920,846
SSANGYONG C&E Co., Ltd.		373,199		1,548,835
				30,426,347
Taiwan (22.30%)
Asustek Computer, Inc.		266,000		3,080,967
Catcher Technology Co., Ltd.		399,000		2,202,806
Chicony Electronics Co., Ltd.		665,000		2,211,271
Dimerco Express Corp.		1,117,255		2,641,466
Generalplus Technology, Inc.		1,197,000		1,891,113
Holy Stone Enterprise Co., Ltd.		698,250		2,166,305
Huaku Development Co., Ltd.		665,000		1,917,140

	Shares		Value
Taiwan (continued)
IEI Integration Corp.		1,064,000	$	2,783,027
ITE Technology, Inc.		798,000		3,923,154
Nantex Industry Co., Ltd.		1,596,000		1,846,041
O-TA Precision Industry Co., Ltd.		665,000		1,938,300
Radiant Opto-Electronics Corp.		532,000		2,039,871
Systex Corp.		665,000		2,486,357
TaiDoc Technology Corp.^(a)		399,000		2,348,814
Taiwan Semiconductor Co., Ltd.		532,000		1,494,777
Topco Scientific Co., Ltd.		532,000		3,038,646
Transcend Information, Inc.		665,000		1,506,626
Tripod Technology Corp.		532,000		2,860,898
Utechzone Co., Ltd.		665,000		1,720,347
				44,097,926
Thailand (1.11%)
Tisco Financial Group PLC		744,800		2,186,828

Turkey (4.43%)
Aksa Akrilik Kimya Sanayii AS		492,765		1,584,771
Dogus Otomotiv Servis ve Ticaret AS		343,672		3,157,021
Enerjisa Enerji AS^(c)		2,137,709		4,026,639
				8,768,431

Total Common Stocks
(Cost $191,957,033)				190,999,386

	Shares		Value
Short-Term Investment (1.12%)
Fidelity Investments Money Market Treasury Portfolio Institutional Class, 5.19%^(f)(g)		2,207,660	$	2,207,660

Total Short-Term Investment
(Cost $2,207,660)				2,207,660

Total Investments (97.71%)
(Cost $194,164,693)			$	193,207,046

Other Assets Less Liabilities (2.29%)				4,528,020

Net Assets (100.00%)			$	197,735,066
Percentages based on Net Assets.

^(a)	Non-income producing security.
^(b)	This security or a partial position of this security is on loan at July 31, 2023. The total value of securities on loan at July 31, 2023 was $2,078,401.
^(c)	Securities exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be resold in transactions exempt from registration, normally to qualified institutional buyers. As of July 31, 2023, the fair value of securities restricted under Rule 144A in the aggregate was $6,366,407, representing 3.22% of net assets.
^(d)	Less than 0.005%.
^(e)	Level 3 security in accordance with fair value hierarchy.
^(f)	This security was purchased with cash collateral held from securities on loan. The total value of such securities as of July 31, 2023 was $2,207,660.
^(g)	Rate shown is the 7-day effective yield as of July 31, 2023.

Investment Abbreviations:

ADR - American Depository Receipt

AS- Turkish Joint Stock Companies

PAO- Russian Public Stock Companies

PJSC - Private Joint Stock Company

PLC - Public Limited Company

SA- Brazilian Limited Liability Corporation

TAS- Turkish Joint Stock Companies

Cambria Emerging Shareholder Yield ETF
Investments in Securities at Value		Level 1 - Quoted and Unadjusted Prices		Level 2 - Other Significant Observable Inputs⁽¹⁾		Level 3 - Significant Unobservable Inputs⁽²⁾		Total
Common Stocks	$	190,999,381	$	–	$	5	$	190,999,386
Short-Term Investment		2,207,660		–		–		2,207,660
Total	$	193,207,041	$	–	$	5	$	193,207,046

⁽¹⁾	Included in Level 2 is one Rights holdings with total value of $0.
⁽²⁾	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.

Sector Weightings
Cambria Tail Risk ETF
U.S. Treasury Obligations	96.27	%
Purchased Options	3.73	%
	100.00	%

Percentages based on total investments, excluding investments purchased with collateral from securities loaned.

Cambria Tail Risk ETF

Schedule of Investments

July 31, 2023 (Unaudited)

	Face Amount		Value
U.S. Treasury Obligations (94.79%)
U.S. Treasury Bond 4.125%, 11/15/2032	$	150,738,000	$	152,480,908
United States Treasury Inflation Indexed Bonds 0.125%, 7/15/2030		13,209,484		11,861,833
				164,342,741

Total U.S. Treasury Obligations
(Cost $166,657,712)				164,342,741

	Contracts		Notional Amount		Value
Purchased Options (3.67%)
Put Options
S&P 500® Index
Expires 09/14/23, Strike Price $3,500	113	$	51,855,248	$	21,188
Expires 12/14/23, Strike Price $3,600	247		113,347,312		384,085
Expires 03/14/24, Strike Price $3,600	257		117,936,272		815,975
Expires 03/14/24, Strike Price $3,800	66		30,287,136		280,500
Expires 06/20/24, Strike Price $3,500	89		40,841,744		387,150
Expires 06/20/24, Strike Price $3,800	231		106,004,976		1,499,190
Expires 09/19/24, Strike Price $4,000	126		57,820,896		1,358,280

	Contracts		Notional Amount		Value
Purchased Options (continued)
Expires 09/19/24, Strike Price $4,200	118	$	54,149,728	$	1,623,090
Total Purchased Options
(Cost $19,602,617)					6,369,458

Total Investments (98.46%)
(Cost $186,260,329)				$	170,712,199

Other Assets Less Liabilities (1.54%)					2,669,735

Net Assets (100.00%)				$	173,381,934
Percentages based on Net Assets.

Cambria Tail Risk ETF
Investments in Securities at Value		Level 1 - Quoted and Unadjusted Prices		Level 2 - Other Significant Observable Inputs		Level 3 - Significant Unobservable Inputs		Total
U.S. Treasury Obligations	$	–	$	164,342,741	$	–	$	164,342,741
Total	$	–	$	164,342,741	$	–	$	164,342,741
Other Financial Instruments
Purchased Options	$	6,369,458	$	–	$	–	$	6,369,458
Total	$	6,369,458	$	–	$	–	$	6,369,458

Sector Weightings
Cambria Trinity ETF
Exchange Traded Funds	100.00	%
	100.00	%

Percentages based on total investments, excluding investments purchased with collateral from securities loaned.

Cambria Trinity ETF
Schedule of Investments
July 31, 2023 (Unaudited)

	Shares		Value
Exchange Traded Funds (97.84%)
Global (18.71%)
Alternative ETF (3.38%)
iMGP DBi Managed Futures Strategy ETF		151,817	$	4,179,522

Equity ETF (15.33%)
Alpha Architect Value Momentum Trend ETF		23,765		557,658
iShares^®Global Consumer Discretionary ETF		16,393		2,644,902
iShares^®Global Materials ETF		240		20,611
Cambria Global Real Estate ETF^*		185,755		4,651,603
Cambria Global Value ETF^*		519,058		11,071,403
				18,946,177
International (27.35%)
Equity ETF (16.84%)
Cambria Emerging Shareholder Yield ETF^*		347,066		10,408,509
Cambria Foreign Shareholder Yield ETF^*		411,554		10,418,490
				20,826,999
Fixed Income ETF (10.51%)
SPDR^®FTSE International Government Inflation-Protected Bond ETF		58,103		2,457,175
VanEck Emerging Markets High Yield Bond ETF^(a)		138,807		2,537,392
VanEck J. P. Morgan EM Local Currency Bond ETF		308,751		7,996,651
				12,991,218
North America (14.84%)
Commodity ETF (4.00%)
Invesco DB Precious Metals Fund		50,731		2,591,091

	Shares		Value
Commodity ETF (continued)
VanEck Gold Miners ETF/USA		74,981	$	2,355,153
				4,946,244
Equity ETF (10.84%)
iShares® Global Consumer Staples ETF		41,322		2,568,989
iShares® Global Industrials ETF		22,698		2,796,847
iShares® Global Tech ETF		45,299		2,868,333
Vanguard® Total Stock Market ETF		11,640		2,657,994
WisdomTree Emerging Markets Local Debt Fund		88,076		2,503,358
				13,395,521
United States (36.94%)
Alternative ETF (3.89%)
First Trust Managed Futures Strategy Fund		98,230		4,808,359

Commodity ETF (5.56%)
Graniteshares Gold Trust^(b)		132,338		2,571,327
Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF^(a)		291,000		4,303,890
				6,875,217
Equity ETF (12.48%)
Cambria Shareholder Yield ETF^*		82,644		5,347,067
Cambria Value and Momentum ETF^*		379,270		10,073,373
				15,420,440
Fixed Income ETF (15.01%)
Schwab US TIPS Bond ETF		47,239		2,467,293
Vanguard® Intermediate-Term Government Bond ETF		151,902		8,883,229
Vanguard® Total Bond Market ETF		99,540		7,208,687
				18,559,209

Total Exchange Traded Funds
(Cost $119,511,550)				120,948,906

	Shares		Value
Short-Term Investment (3.66%)
Fidelity Investments Money Market Treasury Portfolio Institutional Class, 5.19%^(c)(d)		4,529,425	$	4,529,425

Total Short-Term Investment
(Cost $4,529,425)				4,529,425

Total Investments (101.50%)
(Cost $124,040,975)			$	125,478,331

Liabilities Less Other Assets (-1.50%)				(1,860,370	)

Net Assets (100.00%)			$	123,617,961

Percentages based on Net Assets.

^*	Affiliated investment is a registered investment company which is managed by Cambria Investment Management, L.P. (the “Investment Adviser”) or an affiliate of the Investment Adviser or which is distributed by an affiliate of the Fund’s distributor.
^(a)	This security or a partial position of this security is on loan at July 31, 2023. The total value of securities on loan at July 31, 2023 was $4,398,926.
^(b)	Non-income producing security.
^(c)	This security was purchased with cash collateral held from securities on loan. The total value of such securities as of July 31, 2023 was $4,529,425.
^(d)	Rate shown is the 7-day effective yield as of July 31, 2023.

Investment Abbreviations:

ETF - Exchange Traded Funds

FTSE - Financial Times Stock Exchange

SPDR - Standard & Poor's Depository Receipt

TIPS - Treasury Inflation Protected Security

Transactions with affiliated companies during the period ended July 31, 2023 are as follows:

Security Name	Market Value as of April 30, 2023		Purchases		Purchases In- Kind		Sales			Sales In-Kind			Market Value as of July 31, 2023		Share Balance as of July 31, 2023		Dividends		Change in Unrealized Gain (Loss)			Realized Gain/Loss
Cambria Foreign Shareholder Yield ETF	$	10,429,729	$	2,465,623	$	34,854	$	(2,317,714	)	$	(105,923	)	$	10,418,490		411,554	$	237,436	$	(181,746	)	$	(201,119	)
Cambria Global Real Estate ETF		4,513,970		-		92,379	$	-			(48,458	)		4,651,603		185,755		115,447		89,676			4,035
Cambria Value and Momentum ETF		9,232,280		-		196,712	$	-			(102,364	)		10,073,373		379,270		36,884		741,271			5,474
Cambria Shareholder Yield ETF		4,751,297		-		100,502	$	-			(54,051	)		5,347,067		82,644		24,304		543,082			6,237
Cambria Global Value ETF		10,618,324		-		215,004	$	-			(112,103	)		11,071,403		519,058		344,800		331,664			18,514
Cambria Emerging Shareholder Yield ETF		9,884,898		-		199,658	$	-			(105,193	)		10,408,509		347,066		343,380		421,810			7,335
	$	49,430,498	$	2,465,623	$	839,109	$	(2,317,714	)	$	(528,092	)	$	51,970,445	$	1,925,347	$	1,102,251	$	1,945,757		$	(159,524	)

Sector Weightings
Cambria Cannabis ETF
Consumer Staples	48.49	%
Health Care	30.82	%
Materials	7.15	%
Real Estate	4.47	%
Financials	3.31	%
Consumer Discretionary	2.96	%
Industrials	2.08	%
Information Technology	0.72	%
	100.00	%

Percentages based on total investments, excluding investments purchased with collateral from securities loaned.

Cambria Cannabis ETF

Schedule of Investments

July 31, 2023 (Unaudited)

	Shares		Value
Common Stocks (93.79%)
Consumer Discretionary (2.78%)
Greenlane Holdings, Inc., Class A^(a)(b)		2,871	$	2,699
GrowGeneration Corp.^(a)		75,950		302,281
				304,980
Consumer Staples (45.48%)
Altria Group, Inc.		15,750		715,365
British American Tobacco PLC		14,000		469,925
Constellation Brands, Inc., Class A		4,200		1,145,760
Imperial Brands PLC		38,710		913,836
Philip Morris International, Inc.		7,350		732,942
Turning Point Brands, Inc.		20,300		484,155
Universal Corp.		8,925		451,337
Village Farms International, Inc.^(a)(b)		122,780		77,327
				4,990,647
Financials (3.11%)
AFC Gamma, Inc.		24,675		341,008

Health Care (28.91%)
Aurora Cannabis, Inc.^(a)(b)		386,365		217,408
Canopy Growth Corp.^(a)		61,600		30,369
cbdMD, Inc.^(a)		5,860		8,497
Charlottes Web Holdings, Inc.^(a)(b)		361,725		116,584
Cronos Group, Inc.^(a)(b)		232,330		450,720
Intercure, Ltd.^(a)		57,995		92,212
Jazz Pharmaceuticals PLC^(a)		5,950		775,999
MyMD Pharmaceuticals, Inc.^(a)(b)		171,570		248,776
Organigram Holdings, Inc.^(a)(b)		177,843		268,386
SNDL, Inc.^(a)		245,840		410,553

	Shares		Value
Health Care (continued)
Tilray Brands, Inc.^(a)(b)		218,435	$	552,641
				3,172,145
Industrials (1.95%)
Agrify Corp.^(a)		452		1,415
Hydrofarm Holdings Group, Inc.^(a)		138,565		162,121
Urban-Gro, Inc.^(a)		37,730		50,747
				214,283
Information Technology (0.67%)
WM Technology, Inc.^(a)		66,640		73,970

Materials (6.70%)
Scotts Miracle-Gro Co.		10,500		735,420

Real Estate (4.19%)
Innovative Industrial Properties, Inc.		5,810		460,326

Total Common Stocks
(Cost $27,819,694)				10,292,779

	Shares		Value
Short-Term Investment (8.44%)
Fidelity Investments Money Market Treasury Portfolio Institutional Class, 5.19%^(c)(d)(e)		926,190	$	926,190

Total Short-Term Investment
(Cost $926,190)				926,190

Total Investments (102.23%)
(Cost $28,745,884)			$	11,218,969

Liabilities Less Other Assets (-2.23%)				(244,669	)

Net Assets (100.00%)			$	10,974,300
Percentages based on Net Assets.

^(a)	Non-income producing security.
^(b)	This security or a partial position of this security is on loan at July 31, 2023. The total value of securities on loan at July 31, 2023 was $977,120.
^(c)	To obtain a copy of the fund's shareholder report, please go to the Securities and Exchange Commission's website at www.sec.gov.
^(d)	This security was purchased with cash collateral held from securities on loan. The total value of such securities as of July 31, 2023 was $926,190.
^(e)	Rate shown is the 7-day effective yield as of July 31, 2023.

Investment Abbreviations:

ADR - American Depository Receipt

PLC - Public Limited Company

Sector Weightings
Cambria Global Real Estate ETF
Real Estate	100.00	%
	100.00	%

Percentages based on total investments, excluding investments purchased with collateral from securities loaned.

Cambria Global Real Estate ETF

Schedule of Investments

July 31, 2023 (Unaudited)

	Shares		Value
Common Stocks (94.78%)^(a)
Australia (4.73%)
BWP Trust		118,788	$	292,829
Hotel Property Investments, Ltd.		139,118		282,205
Mirvac Group		148,827		233,923
Vicinity, Ltd.		236,531		313,784
				1,122,741
Canada (1.09%)
H&R Real Estate Investment Trust		33,174		258,871

France (3.50%)
Carmila SA^(b)		14,896		241,415
Klepierre SA		13,091		347,606
Mercialys SA		27,892		241,506
				830,527
Hong Kong (2.85%)
Champion REIT^(b)		627,000		230,736
Fortune Real Estate Investment Trust^(b)		304,000		219,457
Sunlight Real Estate Investment Trust		608,000		226,083
				676,276
Japan (3.61%)
Ooedo Onsen Reit Investment Corp.		684		315,881
Tokyu REIT, Inc.		190		251,214
Tosei Reit Investment Corp.		304		290,399
				857,494
Malaysia (2.25%)
IGB Real Estate Investment Trust		830,300		305,677
Pavilion Real Estate Investment Trust^(b)		849,300		229,795
				535,472
Mexico (7.79%)
Concentradora Fibra Danhos SA de CV		355,300		465,741
FIBRA Macquarie Mexico^(c)		187,530		363,861
Fibra Uno Administracion SA de CV		216,790		325,865

Prologis Property Mexico SA de CV	64,600	239,882
TF Administradora Industrial S de RL de CV	224,200	455,898
		1,851,247
Netherlands (2.75%)
Vastned Retail NV	12,958	289,222
Wereldhave NV	20,311	362,896
		652,118
Singapore (2.35%)
AIMS APAC REIT	248,900	233,973
PARAGON REIT^(b)	450,300	323,396
		557,369
South Africa (4.72%)
Growthpoint Properties, Ltd.	395,656	280,308
Redefine Properties, Ltd.	1,460,568	289,113
SA Corporate Real Estate, Ltd.	2,667,980	280,467
Stor-Age Property REIT, Ltd.	406,429	271,123
		1,121,011
Thailand (2.68%)
Frasers Property Thailand Industrial Freehold & Leasehold REIT	1,018,400	324,305
WHA Premium Growth Freehold & Leasehold Real Estate InvestmentTrust	1,018,400	312,404
		636,709
Turkey (2.74%)
Emlak Konut Gayrimenkul Yatirim Ortakligi AS	1,100,860	355,067
Yeni Gimat Gayrimenkul Ortakligi AS	219,165	296,095
		651,162
United States (53.72%)
Agree Realty Corp.	4,560	295,397
Armada Hoffler Properties, Inc.	26,828	333,204
AvalonBay Communities, Inc.	1,235	232,983
Brixmor Property Group, Inc.	15,200	345,648
Broadstone Net Lease, Inc.	14,079	229,488
CareTrust REIT, Inc.	15,314	318,378
Chatham Lodging Trust	24,909	239,126
Community Healthcare Trust, Inc.	7,372	259,789
Corporate Office Properties Trust	11,400	296,400
Empire State Realty Trust, Inc.	45,809	409,991
EPR Properties	6,384	284,982
Equity Commonwealth	12,217	239,331
Equity Residential	5,035	332,008
Essential Properties Realty Trust, Inc.	9,272	227,628
Four Corners Property Trust, Inc.	12,654	332,800
Franklin Street Properties Corp.	66,500	111,720
Gaming and Leisure Properties, Inc.	5,187	246,175
Getty Realty Corp.	7,752	250,545
Global Net Lease, Inc.	23,028	246,169

Highwoods Properties, Inc.	7,600	192,052
Hudson Pacific Properties, Inc.	42,389	248,823
Innovative Industrial Properties, Inc.	3,249	257,418
InvenTrust Properties Corp.	12,863	313,085
Kilroy Realty Corp.	5,700	203,490
LTC Properties, Inc.	7,391	248,042
LXP Industrial Trust	21,641	217,925
Mid-America Apartment Communities, Inc.	1,482	221,796
National Health Investors, Inc.	5,073	278,558
Necessity Retail REIT, Inc.	39,330	279,243
NNN REIT, Inc.	7,600	324,368
Omega Healthcare Investors, Inc.	9,975	318,202
Orion Office REIT, Inc.	35,169	228,599
Physicians Realty Trust	18,126	267,177
Regency Centers Corp.	4,427	290,101
Retail Opportunity Investments Corp.	19,000	279,870
Rexford Industrial Realty, Inc.	5,700	314,013
RPT Realty	26,600	289,142
Sabra Health Care REIT, Inc.	24,092	312,955
Saul Centers, Inc.	7,600	292,980
SITE Centers Corp.	22,800	320,340
Spirit Realty Capital, Inc.	7,505	302,677
STAG Industrial, Inc.	6,346	230,360
Tanger Factory Outlet Centers, Inc.	16,397	383,854
Universal Health Realty Income Trust	6,707	320,125
Urstadt Biddle Properties, Inc., Class A	13,300	301,644
VICI Properties, Inc.	9,310	293,079
		12,761,680

Total Common Stocks
(Cost $22,347,187)		22,512,677

	Shares		Value
Real Estate Investment Trusts (2.49%)
United States (2.49%)
Apple Hospitality REIT, Inc.		19,475		301,862
NexPoint Diversified Real Estate Trust		24,814		290,076
				591,938

Total Real Estate Investment Trusts
(Cost $613,689)				591,938

Total Investments (97.27%)
(Cost $22,960,876)	$	23,104,615

Other Assets Less Liabilities (2.73%)		649,451

Net Assets (100.00%)	$	23,754,066
Percentages based on Net Assets.

^(a)	Real Estate Investment Trust.
^(b)	Non-income producing security.
^(c)	Securities exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be resold in transactions exempt from registration, normally to qualified institutional buyers. As of July 31, 2023, the fair value of securities restricted under Rule 144A in the aggregate was $363,861, representing 1.53% of net assets.

Investment Abbreviations:

AS- Turkish Joint Stock Companies

NV- Dutch Public Limited Liability Companies

PLC- Public Limited Company

REIT- Real Estate Investment Trust

SA de CV- Mexican Public Limited Company with Variable Capital