NPORT-EX 2 gaa.htm Document


Cambria Global Asset Allocation ETF
Schedule of Investments
July 31, 2026 (Unaudited)

EXCHANGE TRADED FUNDS - 99.4%

Shares  

Value  
Alpha Architect 1-3 Month Box ETF (a)

            5,443

    $        640,641
Alpha Architect International Quantitative Momentum ETF

            40,346

             1,631,391
Alpha Architect US Quantitative Momentum ETF

            40,764

             3,005,937
Cambria Emerging Shareholder Yield ETF (b)

            166,733

             7,564,676
Cambria Foreign Shareholder Yield ETF (b)

            134,295

             5,279,136
Cambria Global Real Estate ETF (b)

            179,053

             4,923,420
Cambria Global Value ETF (b)

            139,372

             5,211,119
Cambria LargeCap Shareholder Yield ETF (b)

            48,789

             1,573,348
Cambria Micro and SmallCap Shareholder Yield ETF (b)

            54,744

             1,812,886
Cambria Shareholder Yield ETF (b)

            39,059

             3,252,052
Cambria Tactical Yield ETF (b)

            144,030

             3,647,560
Cambria Value and Momentum ETF (b)

            82,148

             3,005,795
Graniteshares Gold Trust (a)

            55,562

             2,214,146
Invesco Global Ex US High Yield Corporate Bond ETF

            62,513

             1,223,379
JPMorgan USD Emerging Markets Sovereign Bond ETF

            48,520

             1,917,025
Schwab US TIPS ETF

            69,114

             1,803,184
State Street SPDR Bloomberg Enhanced Roll Yield Commodity Strategy No K-1 ETF

            79,962

             2,875,434
State Street SPDR FTSE International Government Inflation-Protected Bond ETF

            31,688

             1,248,507
USCF SummerHaven Dynamic Commodity Strategy No K-1 Fund

            103,289

             2,990,217
VanEck Bitcoin ETF (a)

            10,463

             186,032
VanEck Emerging Markets High Yield Bond ETF

            126,420

             2,533,457
VanEck Gold Miners ETF

            12,138

             899,426
VanEck J. P. Morgan EM Local Currency Bond ETF

            75,118

             1,913,255
Vanguard Intermediate-Term Corporate Bond ETF

            22,621

             1,838,183
Vanguard Intermediate-Term Treasury ETF

            20,615

             1,202,885
Vanguard Long-Term Treasury ETF

            22,045

             1,163,315
Vanguard Short-Term Corporate Bond ETF

            15,522

             1,220,340
Vanguard Total Bond Market ETF

            33,626

             2,428,806
Vanguard Total International Bond ETF

            62,062

             2,964,702
TOTAL EXCHANGE TRADED FUNDS (Cost $61,089,693)

             72,170,254






SHORT-TERM INVESTMENTS - 0.6%
Shares  

Value  
Money Market Funds – 0.6%




First American Treasury Obligations Fund - Class X, 3.60% (c)

            400,066

             400,066
TOTAL SHORT-TERM INVESTMENTS (Cost $400,066)

             400,066






TOTAL INVESTMENTS - 100.0% (Cost $61,489,759)

             72,570,320
Other Assets in Excess of Liabilities - 0.0% (d)
0.00003
            2,094
TOTAL NET ASSETS - 100.0%




    $        72,572,414


Percentages are stated as a percent of net assets.



(a)

Non-income producing security.
(b)

Affiliated security as defined by the Investment Company Act of 1940.
(c)

The rate shown represents the 7-day annualized yield as of July 31, 2026.
(d)

Represents less than 0.05% of net assets.




Summary of Fair Value Disclosure as of July 31, 2026 (Unaudited)

Cambria Global Asset Allocation ETF (the “Fund”) has adopted fair value accounting standards which establish a definition of fair value and set out a hierarchy for measuring fair value. These standards require additional disclosures about the various inputs and valuation techniques used to develop the measurements of fair value, a discussion of changes in valuation techniques and related inputs during the period, and expanded disclosure of valuation levels for major security types. These inputs are summarized in the three broad levels listed below. The inputs or valuation methodology used for valuing securities are not an indication of the risk associated with investing in those securities.
Level 1 - Unadjusted quoted prices in active markets for identical assets or liabilities that the Fund has the ability to access.
Level 2 - Observable inputs other than quoted prices included in Level 1 that are observable for the asset or liability, either directly or indirectly. These inputs may include quoted prices for the identical instrument on an inactive market, prices for similar instruments, interest rates, prepayment speeds, credit risk, yield curves, default rates and similar data.
Level 3 - Unobservable inputs for the asset or liability, to the extent relevant observable inputs are not available, representing the Fund’s own assumptions about the assumptions a market participant would use in valuing the asset or liability, and based on the best information available.
The following is a summary of the fair valuation hierarchy of the Fund’s securities as of July 31, 2026:



Level 1

Level 2

Level 3

Total
Investments:







  Exchange Traded Funds
    $        72,170,254

    $        –

    $        –

    $        72,170,254
  Money Market Funds
            400,066

            –

            –

            400,066
Total Investments
    $        72,570,320

    $        –

    $        –

    $        72,570,320




 Refer to the Schedule of Investments for further disaggregation of investment categories.

Transactions with affiliated companies during the period ended July 31, 2026, were as follows:
Security Name
Market Value as of April 30, 2026
Purchases
Sales
Market Value as of July 31, 2026
Share Balance as of July 31, 2026
Dividend Income
Change in Unrealized Gain (Loss)
Realized Gain (Loss)
Cambria Emerging Shareholder Yield ETF
$
7,144,719 
$
552,381 
$
(186,383)
$
7,564,676 
166,733 
$
57,421 
$
(12,126)
$
66,085 
Cambria Foreign Shareholder Yield ETF
4,955,698 
369,325 
(122,677)
5,279,136 
134,295 
48,622 
38,765 
38,025 
Cambria Global Real Estate ETF
4,398,192 
345,127 
(34,854)
4,923,420 
179,053 
14,998 
200,774 
14,181 
Cambria Global Value ETF
4,676,124 
362,093 
(123,507)
5,211,119 
139,372 
46,793 
242,333 
54,076 
Cambria LargeCap Shareholder Yield ETF
1,398,115 
106,560 
(36,458)
1,573,348 
48,789 
5,226 
97,944 
7,187 
Cambria Micro and SmallCap Shareholder Yield ETF
1,583,614 
123,251 
(42,684)
1,812,886 
54,744 
10,042 
135,110 
13,595 
Cambria Shareholder Yield ETF
2,958,705 
224,815 
(76,605)
3,252,052 
39,059 
13,291 
99,117 
46,020 
Cambria Tactical Yield ETF
3,453,297 
263,026 
(87,687)
3,647,560 
144,030 
15,170 
18,230 
694 
Cambria Value and Momentum ETF
2,798,492 
211,609 
(71,314)
3,005,795 
82,148 
3,766 
26,720 
40,288 
$
33,366,956 
$
2,558,187 
$
(782,169)
$
36,269,992 
988,223 
$
215,329 
$
846,867 
$
280,151