0001752724-22-078046.txt : 20220330 0001752724-22-078046.hdr.sgml : 20220330 20220330172008 ACCESSION NUMBER: 0001752724-22-078046 CONFORMED SUBMISSION TYPE: NPORT-P PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20220131 FILED AS OF DATE: 20220330 PERIOD START: 20220430 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: 22787768 BUSINESS ADDRESS: STREET 1: 2321 ROSECRANS AVENUE STREET 2: SUITE 4210 CITY: EL SEGUNDO STATE: CA ZIP: 90245 BUSINESS PHONE: 310-606-5555 MAIL ADDRESS: STREET 1: 2321 ROSECRANS AVENUE STREET 2: SUITE 4210 CITY: EL SEGUNDO STATE: CA ZIP: 90245 0001529390 S000062926 Cambria Trinity ETF C000203933 Cambria Trinity ETF TRTY NPORT-P 1 primary_doc.xml NPORT-P false 0001529390 XXXXXXXX S000062926 C000203933 Cambria ETF Trust 811-22704 0001529390 254900RHN8DQYNXKZQ96 2321 ROSECRANS AVENUE SUITE 4210 EL SEGUNDO 90245 310-606-5555 Cambria Trinity ETF S000062926 549300JDEXX81LTYP840 2022-04-30 2022-01-31 N 46002173.42 0.00 46002173.42 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 1309791.58000000 N Cambria Global Value Etf 5493006AUU1LFJ2HTM65 Cambria Global Value ETF 132061409 87969.00000000 NS USD 2046158.94000000 4.447961450252 Long EC RF US N 1 N N N Ishares Global Energy Etf 5493005XHS63FFTJXT53 iShares Global Energy ETF 464287341 41582.00000000 NS USD 1332287.28000000 2.896139858080 Long EC RF US N 1 N N N Vanguard Intermediate-term Treasury Etf 549300Y88GQ3VLJIBX57 Vanguard Intermediate-Term Government Bond ETF 92206C706 53244.00000000 NS USD 3483222.48000000 7.571865025154 Long EC RF US N 1 N N Alpha Architect Value Momentum Trend Etf 549300CM3KBKCXL7L571 Alpha Architect Value Momentum Trend ETF 02072L508 33383.00000000 NS USD 833573.51000000 1.812030710787 Long EC RF US N 1 N N N Imgp Dbi Managed Futures Strategy Etf 5493001M6OM3MQRFQ366 iMGP DBi Managed Futures Strategy ETF 53700T827 16774.00000000 NS USD 434446.60000000 0.944404508964 Long EC RF US N 1 N N N Cambria Shareholder Yield Etf 5493005B0UWLFHOC1V22 Cambria Shareholder Yield ETF 132061201 92734.00000000 NS USD 5807003.08000000 12.62332330905 Long EC RF US N 1 N N Ishares Global Financials Etf 549300ZMR7B4O75NER74 iShares Global Financials ETF 464287333 14178.00000000 NS USD 1152954.96000000 2.506305407515 Long EC RF US N 1 N N N Invesco Db Energy Fund 549300W6SL18JV44UR66 Invesco DB Energy Fund 46140H304 65586.00000000 NS USD 1277615.28000000 2.777293299460 Long EC RF US N 1 N N N Vanguard Total Bond Market Etf 549300INE5BF80OGAZ51 Vanguard Total Bond Market ETF 921937835 26504.00000000 NS USD 2199832.00000000 4.782017536248 Long EC RF US N 1 N N N Invesco Db Agriculture Fund 549300CW37D800HX4P40 Invesco DB Agriculture Fund 46140H106 37026.00000000 NS USD 747554.94000000 1.625042654343 Long EC RF US N 1 N N N Vaneck J. P. Morgan Em Local Currency Bond Etf 549300CNWPR88MZBEA63 VanEck J. P. Morgan EM Local Currency Bond ETF 92189H300 53176.00000000 NS USD 1526151.20000000 3.317563250906 Long EC RF US N 1 N N N Schwab Us Tips Etf 5493001H0ESLTZTZWE77 Schwab US TIPS Bond ETF 808524870 13093.00000000 NS USD 806921.59000000 1.754094491651 Long EC RF US N 1 N N N Spdr Ftse International Government Inflation-protected Bond Etf 5493004JVD6CQEEJSS37 SPDR FTSE International Government Inflation-Protected Bond ETF 78464A490 16048.00000000 NS USD 857765.60000000 1.864619726047 Long EC RF US N 1 N N N Invesco Db Base Metals Fund 549300I8WTPB4O7RVF32 Invesco DB Base Metals Fund 46140H700 60010.00000000 NS USD 1372428.70000000 2.983399691727 Long EC RF US N 1 N N N First Trust Managed Futures Strategy Fund 549300U1CJQTOYE02X88 First Trust Managed Futures Strategy Fund 33739G103 25901.00000000 NS USD 1178601.69000000 2.562056534241 Long EC RF US N 1 N N N Ishares Residential And Multisector Real Estate Etf 5493004WBOUA72JP1U19 iShares Residential and Multisector Real Estate ETF 464288562 11696.00000000 NS USD 1085739.68000000 2.360192137200 Long EC RF US N 1 N N N Vanguard Small-cap Value Etf 549300G6KNDK44WUN559 Vanguard Small-Cap Value ETF 922908611 7140.00000000 NS USD 1220654.40000000 2.653471149842 Long EC RF US N 1 N N Cambria Emerging Shareholder Yield Etf 549300H3KS10HVG64A63 Cambria Emerging Shareholder Yield ETF 132061706 53754.00000000 NS USD 1928693.52000000 4.192613906284 Long EC RF US N 1 N N Cambria Global Real Estate Etf 254900HOTGL4VH8QKS79 Cambria Global Real Estate ETF 132061813 80634.00000000 NS USD 2462505.92000000 5.353020818206 Long EC RF US N 1 N N Cambria Value And Momentum Etf 5493004RWF1V4E1W9E15 Cambria Value and Momentum ETF 132061888 223059.00000000 NS USD 5498404.35000000 11.95248820050 Long EC RF US N 1 N N Cambria Foreign Shareholder Yield Etf 549300QQK0CKHW2AMB30 Cambria Foreign Shareholder Yield ETF 132061300 122579.00000000 NS USD 3383143.63000000 7.354312586737 Long EC RF US N 1 N N N Invesco Optimum Yield Diversified Commodity Strategy No K-1 Etf 549300FMDZNC0BEIYQ10 Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF 46090F100 167268.00000000 NS USD 2535782.88000000 5.512311031151 Long EC RF US N 1 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 Wisdomtree Managed Futures Strategy Fund 549300FCBI6VKNXMGC85 WisdomTree Managed Futures Strategy Fund 97717W125 43508.00000000 NS USD 1518429.20000000 3.300777087501 Long EC RF US N 1 N N N 2022-03-02 Cambria ETF Trust Mebane T. Faber Mebane T. Faber President XXXX NPORT-EX 2 fp0074541_nportex.htm

 

Sector Weightings
Cambria Shareholder Yield ETF
Financials 26.44%
Consumer Discretionary 23.25%
Materials 13.62%
Industrials 11.63%
Information Technology 7.37%
Energy 6.21%
Health Care 4.63%
Consumer Staples 3.86%
Communication Services 1.88%
Utilities 1.11%
  100.00%

 

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

 

Cambria Shareholder Yield ETF

Schedule of Investments

January 31, 2022 (Unaudited)    

 

   Shares   Value 
Common Stocks (99.30%)    
Communication Services (1.87%)    
Fox Corp., Class B   95,893   $3,565,302 
Lumen Technologies, Inc.   341,012    4,214,908 
         7,780,210 
Consumer Discretionary (23.09%)          
Abercrombie & Fitch Co., Class A(a)   92,532    3,608,748 
Advance Auto Parts, Inc.   22,610    5,234,441 
AutoNation, Inc.(a)   42,959    4,682,531 
Bed Bath & Beyond, Inc.(a)(b)   155,496    2,525,255 
Big 5 Sporting Goods Corp.(b)   137,148    2,700,444 
Big Lots, Inc.(b)   71,687    3,004,402 
Brunswick Corp.   38,969    3,537,996 
Citi Trends, Inc.(a)(b)   56,525    2,753,898 
Dillard's, Inc., Class A(b)   39,501    10,022,194 
Foot Locker, Inc.   59,185    2,644,386 
Haverty Furniture Cos., Inc.(b)   109,725    3,239,082 
Hibbett, Inc.   45,804    2,823,817 
LKQ Corp.   71,412    3,919,805 
Macy's, Inc.   172,767    4,422,835 
Penske Automotive Group, Inc.   49,343    5,014,729 
PulteGroup, Inc.   83,923    4,421,903 
Smith & Wesson Brands, Inc.   245,651    4,195,719 
Sturm Ruger & Co., Inc.   53,466    3,594,519 
Tapestry, Inc.   101,878    3,866,270 
Toll Brothers, Inc.   112,385    6,627,343 
Tri Pointe Homes, Inc.(a)   174,230    4,148,416 
Whirlpool Corp.   23,408    4,920,128 

 

   Shares   Value 
Consumer Discretionary (continued)    
Zumiez, Inc.(a)(b)   93,100   $4,184,845 
         96,093,706 
Consumer Staples (3.83%)          
Nu Skin Enterprises, Inc., Class A   87,514    4,217,300 
Sprouts Farmers Market, Inc.(a)   155,211    4,212,426 
Tyson Foods, Inc., Class A   46,683    4,243,018 
Walgreens Boots Alliance, Inc.   65,436    3,256,095 
         15,928,839 
Energy (6.17%)          
Chevron Corp.   32,319    4,244,454 
CVR Energy, Inc.   193,249    3,774,153 
Helmerich & Payne, Inc.   140,847    4,042,309 
HollyFrontier Corp.(a)   108,794    3,825,197 
Oasis Petroleum, Inc.   38,544    5,220,014 
Valero Energy Corp.(b)   54,929    4,557,459 
         25,663,586 
Financials (26.25%)          
Aflac, Inc.   64,904    4,077,269 
Allstate Corp.   30,058    3,627,099 
Ally Financial, Inc.   74,746    3,566,879 
Ameriprise Financial, Inc.   16,093    4,897,261 
Assured Guaranty, Ltd.   79,933    4,259,630 
Cathay General Bancorp   97,888    4,420,622 
Citizens Financial Group, Inc.   73,815    3,799,258 
Comerica, Inc.   56,259    5,219,710 
Discover Financial Services   33,383    3,864,082 
Federated Hermes, Inc.   116,774    3,866,387 
Hilltop Holdings, Inc.   118,769    3,922,940 
Hope Bancorp, Inc.   264,936    4,437,678 
Investors Bancorp, Inc.   272,517    4,447,478 
JPMorgan Chase & Co.   21,280    3,162,208 
Lincoln National Corp.   55,860    3,909,083 
MetLife, Inc.   55,594    3,728,134 
PacWest Bancorp   103,208    4,791,947 
PNC Financial Services Group, Inc.   18,620    3,835,534 
SLM Corp.   211,470    3,878,360 
Sterling Bancorp   174,230    4,580,507 
SVB Financial Group(a)   6,968    4,068,615 
Synchrony Financial   82,327    3,506,307 
Unum Group   120,232    3,051,488 
US Bancorp   62,643    3,645,196 
Voya Financial, Inc.   53,865    3,660,665 
Webster Financial Corp.   72,219    4,102,761 
Zions Bancorp NA   72,884    4,942,993 
         109,270,091 

 

 

 

 

   Shares   Value 
Health Care (4.60%)    
Biogen, Inc.(a)   14,497   $3,276,322 
Innoviva, Inc.(a)   260,813    4,180,832 
McKesson Corp.   17,822    4,575,264 
Quest Diagnostics, Inc.   24,024    3,243,720 
Universal Health Services, Inc., Class B   29,659    3,857,450 
         19,133,588 
Industrials (11.55%)          
Acuity Brands, Inc.   25,935    4,967,331 
Boise Cascade Co.   62,244    4,370,774 
Cummins, Inc.   14,763    3,260,851 
ManpowerGroup, Inc.   33,383    3,500,875 
Matson, Inc.   51,870    5,065,624 
MSC Industrial Direct Co., Inc., Class A   37,506    3,061,990 
nVent Electric PLC   121,163    4,191,028 
Quanta Services, Inc.   46,683    4,795,278 
Ryder System, Inc.   45,672    3,342,734 
Schneider National, Inc., Class B   164,255    4,204,928 
Snap-on, Inc.   16,359    3,406,762 
Veritiv Corp.(a)   41,844    3,894,839 
         48,063,014 
Information Technology (7.32%)          
Apple, Inc.   43,624    7,624,603 
Arrow Electronics, Inc.(a)   31,255    3,875,620 
HP, Inc.   128,478    4,718,997 
Intel Corp.   75,411    3,681,565 
Juniper Networks, Inc.   133,399    4,644,953 
Western Union Co.   134,064    2,535,150 
Xerox Holdings Corp.   160,531    3,388,810 
         30,469,698 
Materials (13.52%)          
Cabot Corp.   76,741    4,219,988 
DuPont de Nemours, Inc.   55,594    4,258,500 
Huntsman Corp.   125,286    4,488,997 
International Paper Co.   64,505    3,112,366 
Louisiana-Pacific Corp.   94,829    6,300,439 
LyondellBasell Industries NV, Class A   37,905    3,666,551 
Mosaic Co.   119,567    4,776,702 
Nucor Corp.   53,200    5,394,480 
Reliance Steel & Aluminum Co.   23,541    3,598,948 
Resolute Forest Products, Inc.   402,591    5,483,289 
Schweitzer-Mauduit International, Inc.   106,703    3,229,900 
Steel Dynamics, Inc.   80,864    4,489,569 

 

   Shares   Value 
Materials (continued)    
Worthington Industries, Inc.   60,382   $3,271,497 
         56,291,226 
Utilities (1.10%)          
UGI Corp.   100,681    4,565,883 
           
           
Total Common Stocks          
(Cost $402,355,953)        413,259,841 

 

   Shares   Value 
Short-Term Investment (3.10%)    
Fidelity Investments Money Market Treasury Portfolio Institutional Class, 0.01%(c)(d)   12,885,124   $12,885,124 
           
Total Short-Term Investment          
(Cost $12,885,124)        12,885,124 
           
Total Investments (102.40%)          
(Cost $415,241,077)       $426,144,965 
           
Liabilities Less Other Assets (-2.40%)        (9,976,830)
           
Net Assets (100.00%)       $416,168,135 
Percentages based on Net Assets.          

 

(a)Non-income producing security.
(b)This security or a partial position of this security is on loan at January 31, 2022. The total value of securities on loan at January 31, 2022 was $12,911,944.
(c)Rate shown is the 7-day effective yield as of January 31, 2022.
(d)This security was purchased with cash collateral held from securities on loan. The total value of such securities as of January 31, 2022 was $12,885,124.

 

Investment Abbreviations:
PLC - Public Limited Company

 

As of January 31, 2022, 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.

 

For the period ended January 31, 2022 there have been no transfers in or out of Level 3.

 

Please see Note 2 in Notes to Notes to Schedules of Investments for further information regarding fair value measurements.

 

 

 

 

Sector Weightings
Cambria Foreign Shareholder Yield ETF
Financials 22.22%
Materials 18.81%
Industrials 15.38%
Energy 8.49%
Communication Services 8.49%
Information Technology 8.45%
Consumer Staples 7.93%
Consumer Discretionary 6.83%
Real Estate 1.52%
Health Care 0.94%
Utilities 0.94%
  100.00%

 

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

 

Cambria Foreign Shareholder Yield ETF

Schedule of Investments

January 31, 2022 (Unaudited)    

 

   Shares   Value 
Common Stocks (98.20%)    
Australia (9.66%)    
AGL Energy, Ltd.   95,380   $478,812 
BHP Group, Ltd.(a)   18,544    607,718 
Challenger, Ltd.(a)   111,910    452,599 
CSR, Ltd.   120,764    477,308 
Downer EDI, Ltd.   109,668    419,495 
Fortescue Metals Group, Ltd.   45,068    633,163 
GrainCorp, Ltd., Class A   89,338    459,851 
Mineral Resources, Ltd.   13,984    547,859 
Super Retail Group, Ltd.   59,698    490,895 
Worley, Ltd.   53,314    435,384 
         5,003,084 
Belgium (1.03%)          
Ageas SA   11,112    531,681 
           
Canada (9.60%)          
Canadian Natural Resources, Ltd.   15,200    773,183 
Celestica, Inc.(c)   49,400    615,193 
Corus Entertainment, Inc., Class B   110,200    436,067 
Great-West Lifeco, Inc.   13,311    415,828 
Home Capital Group, Inc.(c)   19,000    538,394 
Imperial Oil, Ltd.   15,200    621,919 
Labrador Iron Ore Royalty Corp.(a)   22,204    683,858 
Mullen Group, Ltd.   49,400    456,245 

 

   Shares   Value 
Canada (continued)        
Suncor Energy, Inc.   15,200   $434,303 
         4,974,990 
Denmark (1.37%)          
Scandinavian Tobacco Group A/S, Class A(d)   32,870    706,732 
           
Finland (0.03%)          
Sampo Oyj(c)   279    13,745 
           
France (7.74%)          
AXA SA   18,810    590,745 
Carrefour SA   27,664    525,856 
Cie de Saint-Gobain   7,410    496,570 
Coface SA   35,568    467,117 
Metropole Television SA   22,420    434,738 
Nexity SA   9,994    415,649 
Rexel SA   25,916    571,531 
Vivendi SE   38,874    506,604 
         4,008,810 
Germany (2.79%)          
DWS Group GmbH & Co. KGaA(d)   10,222    408,365 
Evonik Industries AG   14,174    458,443 
Freenet AG   21,432    580,031 
         1,446,839 
Great Britain (12.96%)          
abrdn PLC   129,580    419,821 
Aviva PLC   96,406    562,968 
Berkeley Group Holdings PLC   6,501    367,039 
BP PLC   111,682    574,970 
British American Tobacco PLC   14,098    599,812 
Direct Line Insurance Group PLC   112,550    461,522 
Legal & General Group PLC   115,452    446,250 
Man Group PLC   261,288    676,457 
Persimmon PLC   12,350    397,632 
Quilter PLC(d)   215,118    395,779 
Rio Tinto PLC   10,342    721,179 
Tate & Lyle PLC   49,742    472,567 
WPP PLC   39,976    619,089 
         6,715,085 
Hong Kong (9.10%)          
China Resources Cement Holdings, Ltd.   551,000    473,474 
Kingboard Holdings, Ltd.   95,000    457,513 
Kingboard Laminates Holdings, Ltd.   296,400    504,071 
Lee & Man Paper Manufacturing, Ltd.   570,000    388,916 

 

 

 

 

   Shares   Value 
Hong Kong (continued)        
New World Development Co., Ltd.   87,400   $355,337 
Orient Overseas International, Ltd.   19,000    467,869 
PC Partner Group, Ltd.   532,000    786,020 
Shougang Fushan Resources Group, Ltd.   2,812,000    858,345 
VTech Holdings, Ltd.   53,200    419,962 
         4,711,507 
Italy (3.72%)          
Anima Holding SpA(d)   95,038    476,194 
Eni SpA   36,024    538,587 
Unipol Gruppo SpA   87,856    489,164 
UnipolSai Assicurazioni SpA   145,806    422,944 
         1,926,889 
Japan (25.02%)          
Aozora Bank, Ltd.   19,000    424,974 
Asahi Holdings, Inc.   26,600    511,289 
Dai Nippon Printing Co., Ltd.   19,000    453,537 
Dai-ichi Life Holdings, Inc.   26,600    594,386 
H.U. Group Holdings, Inc.   19,000    480,118 
Hakuto Co., Ltd.   22,800    500,261 
Hosiden Corp.   45,600    451,720 
Idemitsu Kosan Co., Ltd.   19,000    483,750 
Isuzu Motors, Ltd.   38,000    460,306 
Japan Tobacco, Inc.   19,000    378,745 
Kewpie Corp.   22,800    467,768 
Marubeni Corp.   57,000    584,215 
Meiwa Corp.(a)   64,600    610,186 
Mitsui & Co., Ltd.   22,800    565,344 
Mixi, Inc.   22,800    418,832 
Nippon Carbon Co., Ltd.   11,400    394,265 
Nippon Electric Glass Co., Ltd.   22,800    564,453 
Nippon Yusen KK   11,400    881,648 
Nitto Denko Corp.   7,600    584,463 
Oyo Corp.   26,600    486,557 
Press Kogyo Co., Ltd.   144,400    478,071 
Sumitomo Osaka Cement Co., Ltd.   15,200    463,608 
Sumitomo Rubber Industries, Ltd.   38,000    392,284 
Sumitomo Warehouse Co., Ltd.   30,400    542,065 
Tama Home Co., Ltd.   19,000    384,028 
Ube Industries, Ltd.   22,800    407,143 
         12,964,016 
Luxembourg (1.87%)          
ArcelorMittal SA   17,176    506,431 
RTL Group SA   8,208    461,061 
         967,492 

 

   Shares   Value 
Netherlands (5.00%)        
ASR Nederland NV   11,757   $544,051 
Boskalis Westminster   15,846    446,833 
Flow Traders(d)   11,780    457,373 
Koninklijke Ahold Delhaize NV   13,262    428,424 
NN Group NV   12,844    715,415 
         2,592,096 
New Zealand (0.85%)          
Fletcher Building, Ltd.   104,234    442,379 
           
Norway (1.66%)          
Telenor ASA   27,059    446,166 
Yara International ASA   8,094    413,710 
         859,876 
Spain (0.88%)          
Repsol SA   36,100    455,934 
           
Sweden (1.77%)          
Betsson AB   91,352    506,490 
Telia Co. AB   104,999    412,238 
         918,728 
Switzerland (3.15%)          
Ferrexpo PLC   104,082    338,471 
Holcim, Ltd.(c)   9,310    499,835 
Zurich Insurance Group AG   1,672    795,177 
         1,633,483 
           
Total Common Stocks          
(Cost $49,787,547)        50,873,366 

 

 

 

   Shares   Value 
Short-Term Investment (2.66%)        
Fidelity Investments Money Market Treasury Portfolio Institutional Class, 0.01%(b)(e)   1,376,697   $1,376,697 
           
Total Short-Term Investment          
(Cost $1,376,697)        1,376,697 
           
Total Investments (100.86%)          
(Cost $51,164,244)       $52,250,063 
           
Liabilities Less Other Assets (-0.86%)        (443,136)
           
Net Assets (100.00%)       $51,806,927 
Percentages based on Net Assets.          

 

(a)This security or a partial position of this security is on loan at January 31, 2022. The total value of securities on loan at January 31, 2022 was $1,663,035.
(b)This security was purchased with cash collateral held from securities on loan. The total value of such securities as of January 31, 2022 was $1,376,697.
(c)Non-income producing security.
(d)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 January 31, 2022, the fair value of securities restricted under Rule 144A in the aggregate was $2,444,443, representing 4.72% of net assets.
(e)Rate shown is the 7-day effective yield as of January 31, 2022.

 

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

 

As of January 31, 2022, 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.

 

For the period ended January 31, 2022 there have been no transfers in or out of Level 3.

 

Please see Note 2 in Notes to Notes to Schedules of Investments for further information regarding fair value measurements.

 

 

 

 

Sector Weightings
Cambria Global Value ETF
Financials 28.48%
Utilities 16.01%
Materials 15.56%
Energy 8.90%
Other 8.88%
Consumer Staples 7.71%
Industrials 6.18%
Communication Services 2.82%
Real Estate 2.76%
Consumer Discretionary 2.70%
  100.00%

 

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

 

Cambria Global Value ETF

Schedule of Investments

January 31, 2022 (Unaudited)    

 

   Shares   Value 
Common Stocks (89.71%)    
Austria (9.49%)    
BAWAG Group AG(a)   34,238   $2,038,617 
Erste Group Bank AG   21,594    1,000,226 
Erste Group Bank AG(b)   27,378    1,271,596 
IMMOFINANZ AG   50,668    1,310,360 
Raiffeisen Bank International AG   53,848    1,499,072 
UNIQA Insurance Group AG   128,684    1,184,022 
Voestalpine AG   43,036    1,422,414 
Wienerberger AG   53,636    1,927,020 
         11,653,327 
Chile (6.39%)          
Banco de Credito e Inversiones SA   29,058    1,052,466 
CAP SA   211,576    2,375,433 
Cencosud SA   864,006    1,591,461 
Cia Cervecerias Unidas SA   141,192    1,171,714 
Colbun SA   8,090,132    668,852 
Empresa Nacional de Telecomunicaciones SA   207,336    859,148 
Latam Airlines Group SA(b)   342,910    128,068 
         7,847,142 
Czech Republic (10.35%)          
CEZ AS   126,988    4,707,906 
Komercni Banka AS   63,176    2,794,262 
Moneta Money Bank AS(a)   777,404    3,354,097 
Philip Morris CR AS   2,438    1,857,237 
         12,713,502 

 

   Shares   Value 
Great Britain (6.98%)    
Aviva PLC   182,002   $1,062,810 
Barratt Developments PLC   95,506    785,576 
Direct Line Insurance Group PLC   244,648    1,003,203 
J Sainsbury PLC   291,924    1,141,313 
Kingfisher PLC   206,170    918,067 
Legal & General Group PLC   268,392    1,037,400 
M&G PLC   339,518    984,467 
Persimmon PLC   23,320    750,832 
Phoenix Group Holdings PLC   99,216    880,941 
         8,564,609 
Greece (8.04%)          
FF Group(b)(c)   25,407    0 
Hellenic Petroleum Holdings SA   132,182    978,609 
Hellenic Telecommunications Organization SA   90,100    1,747,603 
JUMBO SA   51,157    758,631 
Karelia Tobacco Co. Inc SA   4,523    1,412,612 
Motor Oil Hellas Corinth Refineries SA   97,944    1,564,692 
Mytilineos SA   87,768    1,496,785 
Public Power Corp. SA(b)   197,054    1,908,288 
         9,867,220 
Poland (11.00%)          
Alior Bank SA(b)   202,036    2,776,494 
Bank Polska Kasa Opieki SA   38,054    1,263,571 
Eurocash SA   137,906    348,081 
Grupa Lotos SA(b)   61,511    822,408 
Jastrzebska Spolka Weglowa SA(b)(d)   223,766    2,168,706 
KGHM Polska Miedz SA   40,810    1,395,585 
PGE Polska Grupa Energetyczna SA(b)   447,002    837,975 
Polski Koncern Naftowy ORLEN SA   42,506    739,552 
Powszechna Kasa Oszczednosci Bank Polski SA(b)   110,134    1,285,740 
Santander Bank Polska SA   10,918    936,688 
Tauron Polska Energia SA(b)   1,590,449    936,945 
         13,511,745 
Portugal (6.95%)          
Altri SGPS SA   75,684    481,676 
Corticeira Amorim SGPS SA   137,423    1,574,748 
Energias de Portugal SA   368,032    1,876,710 
Galp Energia SGPS SA   109,074    1,198,182 
Greenvolt-Energias Renovaveis SA(b)   994    6,711 
Jeronimo Martins SGPS SA   37,842    908,086 
Mota-Engil SGPS SA(b)(d)   276,024    390,103 
Navigator Co. SA   295,422    1,109,177 
NOS SGPS SA   195,358    769,036 

 

 

 

 

   Shares   Value 
Portugal (continued)    
REN - Redes Energeticas Nacionais SGPS SA   78,692   $224,109 
         8,538,538 
Russia (8.61%)          
Alrosa PJSC   1,287,264    1,878,758 
Gazprom Neft PJSC   341,320    2,209,044 
Gazprom PJSC   380,222    1,628,741 
Rosneft Oil Co. PJSC   201,824    1,495,786 
Sberbank of Russia PJSC   293,141    1,003,131 
Severstal PAO   84,588    1,642,650 
Unipro PJSC   22,853,176    713,148 
         10,571,258 
Singapore (7.05%)          
CapitaLand Integrated Commercial Trust   63,942    91,822 
CapitaLand Investment, Ltd.(b)   413,400    1,055,724 
City Developments, Ltd.   159,000    829,749 
ComfortDelGro Corp., Ltd.   572,400    576,235 
Golden Agri-Resources, Ltd.   4,397,568    797,516 
Jardine Cycle & Carriage, Ltd.   42,400    636,808 
Oversea-Chinese Banking Corp., Ltd.   127,200    1,174,125 
SATS, Ltd.(b)   286,200    828,337 
Sembcorp Industries, Ltd.   477,000    805,034 
Sembcorp Marine, Ltd.(b)   2,342,548    142,188 
Singapore Airlines, Ltd.(b)   148,400    549,243 
United Overseas Bank, Ltd.   53,000    1,175,380 
         8,662,161 
Spain (7.96%)          
Acciona SA   6,802    1,179,109 
Banco Bilbao Vizcaya Argentaria SA   109,970    696,053 
Banco Santander SA   152,754    531,049 
CaixaBank SA   219,781    702,711 
Enagas SA   36,066    777,948 
Endesa SA   42,624    950,291 
Ferrovial SA   24,601    679,062 
Iberdrola SA(d)   162,534    1,855,194 
Mapfre SA   337,129    727,760 
Naturgy Energy Group SA(d)   52,926    1,672,593 
         9,771,770 
Turkey (6.89%)          
Akbank TAS   1,060,954    640,384 
Eregli Demir ve Celik Fabrikalari TAS   688,576    1,410,210 
Haci Omer Sabanci Holding AS   728,008    830,198 
KOC Holding AS   382,660    932,501 
Petkim Petrokimya Holding AS(b)   1,879,600    1,216,355 
Turkiye Halk Bankasi AS(b)   1,138,440    419,642 

 

   Shares   Value 
Turkey (continued)    
Turkiye Is Bankasi AS, Class C   1,140,136   $714,711 
Turkiye Sise ve Cam Fabrikalari AS   991,100    1,026,796 
Turkiye Vakiflar Bankasi TAO, Class D(b)   1,215,078    347,550 
Yapi ve Kredi Bankasi AS   3,025,982    926,860 
         8,465,207 
           
Total Common Stocks          
(Cost $108,385,525)        110,166,479 

 

   Shares   Value 
Exchange Traded Funds (7.61%)    
Colombia (7.61%)          
Equity ETF (7.61%)          
iShares® MSCI Colombia ETF(d)   853,400    9,345,583 
           
           
Total Exchange Traded Funds          
(Cost $6,945,355)        9,345,583 

 

   Shares   Value 
Short-Term Investment (1.53%)    
Fidelity Investments Money Market Treasury Portfolio Institutional Class, 0.01%(e)(f)   1,877,635   $1,877,635 
           
Total Short-Term Investment          
(Cost $1,877,635)        1,877,635 
           
Total Investments (98.85%)          
(Cost $117,208,515)       $121,389,697 
           
Other Assets Less Liabilities (1.15%)        1,412,558 
           
Net Assets (100.00%)       $122,802,255 
Percentages based on Net Assets.          

 

 

 

 

(a)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 January 31, 2022, the fair value of securities restricted under Rule 144A in the aggregate was $5,392,714, representing 4.39% of net assets.
(b)Non-income producing security.
(c)Level 3 security in accordance with fair value hierarchy.
(d)This security or a partial position of this security is on loan at January 31, 2022. The total value of securities on loan at January 31, 2022 was $3,442,264.
(e)Rate shown is the 7-day effective yield as of January 31, 2022.
(f)This security was purchased with cash collateral held from securities on loan. The total value of such securities as of January 31, 2022 was $1,877,635.

 

Investment Abbreviations:

ETF- Exchange Traded Fund

PJSC - Private Joint Stock Company

PLC - Public Limited Company

MSCI - Morgan Stanley Capital International

 

Transactions with affiliated companies for the nine months ended January 31, 2022 are as follows:

 

Security Name Value at
April 30, 2021		 Purchases
at Cost		 Proceeds
from Sales		 Change in Unrealized Appreciation/
(Depreciation)		 Realized Gain/(Loss) Value at January 31, 2022 Shares at January 31, 2022 Dividend Income
iShares MSCI Colombia ETF $8,347,450 $349,491 $(409,262) $966,298 $91,606 $9,345,583 853,400 $93,172
  $8,347,450 $349,491 $(409,262) $966,298 $91,606 $9,345,583 853,400 $93,172

 

 

 

 

 

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  $11,653,327    –   $–    11,653,327 
Chile   7,847,142    –    –    7,847,142 
Czech Republic   12,713,502    –    –    12,713,502 
Great Britain   8,564,609    –    –    8,564,609 
Greece   9,867,220    –    –    9,867,220 
Poland   13,511,745    –    –    13,511,745 
Portugal   8,538,538    –    –    8,538,538 
Russia   10,571,258    –    –    10,571,258 
Singapore   8,662,161    –    –    8,662,161 
Spain   9,771,770    –    –    9,771,770 
Turkey   8,465,207    –    –    8,465,207 
Exchange Traded Funds                    
Colombia   9,345,583    –    –    9,345,583 
Short-Term Investment   1,877,635    –    –    1,877,635 
Total  $121,389,697   $–   $–   $121,389,697 

 

For the period ended January 31, 2022 there have been no transfers in or out of Level 3.

 

Please see Note 2 in Notes to Notes to Schedules of Investments for further information regarding fair value measurements.

 

(1)Included in Level 3 is one security with total value of $0. A reconciliation of Level 3 investments and disclosures of significant unobservable inputs are 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 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

January 31, 2022 (Unaudited)    

 

   Shares   Value 
Exchange Traded Funds (98.00%)    
Global (22.73%)    
Commodity ETF (16.23%)    
Invesco DB Base Metals Fund(a)   206,759   $4,728,578 
Invesco DB Energy Fund(a)   272,445    5,307,229 
         10,035,807 
Equity ETF (6.50%)          
Cambria Global Real Estate ETF(b)   131,692    4,021,782 
           
International (6.29%)          
Equity ETF (6.29%)          
Cambria Foreign Shareholder Yield ETF(b)   140,941    3,889,929 
           
North America (28.28%)          
Commodity ETF (8.16%)          
iShares® Global Energy ETF(b)   157,358    5,041,750 
           
Equity ETF (20.12%)          
iShares® Global Financials ETF   53,997    4,391,036 
iShares® Residential and Multisector Real Estate ETF   44,936    4,171,409 
Invesco DB Agriculture Fund(a)   192,208    3,880,680 
         12,443,125 
United States (40.70%)          
Commodity ETF (4.80%)          
Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF(b)   196,021    2,971,678 
           
Equity ETF (35.90%)          
Cambria Shareholder Yield ETF(b)   161,228    10,096,097 

 

   Shares   Value 
Equity ETF (continued)    
Cambria Value and Momentum ETF(b)   310,429   $7,652,075 
Vanguard® Small-Cap Value ETF(b)   26,035    4,450,944 
         22,199,116 
           
Total Exchange Traded Funds          
(Cost $53,219,123)        60,603,187 

 

   Shares   Value 
Short-Term Investment (13.92%)    
Fidelity Investments Money Market Treasury Portfolio Institutional Class, 0.01%(c)(d)   8,606,982   $8,606,982 
           
Total Short-Term Investment          
(Cost $8,606,982)        8,606,982 
           
Total Investments (111.92%)          
(Cost $61,826,105)       $69,210,169 
           
Liabilities Less Other Assets (-11.92%)        (7,370,268)
           
Net Assets (100.00%)       $61,839,901 
Percentages based on Net Assets.          

 

(a)Non-income producing security.
(b)This security or a partial position of this security is on loan at January 31, 2022. The total value of securities on loan at January 31, 2022 was $8,508,418.
(c)Rate shown is the 7-day effective yield as of January 31, 2022.
(d)This security was purchased with cash collateral held from securities on loan. The total value of such securities as of January 31, 2022 was $8,606,982.

 

Investment Abbreviations:

ETF - Exchange Traded Fund

 

 

 

 

Transactions with affiliated companies for the nine months ended January 31, 2022 are as follows:

 

Security Name  Value at
April 30, 2021		  Purchases
at Cost		  Proceeds
from Sales		  Change in
Unrealized
Appreciation/
(Depreciation)		  Realized Gain/(Loss)  Value at January 31, 2022  Shares at January 31, 2022  Dividend Income
Cambria Emerging Shareholder Yield ETF  $ 5,783,508  $ 125,240  $ (4,998,740)  $ (1,616,366)  $ 958,843   $                    –  –  $ 256,579
Cambria Foreign Shareholder Yield ETF  4,020,942  94,724  (187,660)  (63,545)  25,468   3,889,929  140,941  166,097
Cambria Global Value ETF  3,553,933  485,650  (3,781,160)  (111,153)  27,263   –  –  77,667
Cambria Global Real Estate ETF  –  4,449,037  (102,333)  (321,292)  (3,631)   4,021,782  131,692  322,890
Cambria Shareholder Yield ETF  10,330,758  252,592  (488,925)  (200,818)  202,491   10,096,097  161,228  212,304
Cambria Value and Momentum ETF  3,875,794  4,039,263  (360,077)  82,024  15,070   7,652,075  310,429  78,308
   $ 27,564,935  $ 9,446,506  $ (8,779,900)  $ (2,231,150)  $ 1,225,504   $ 25,659,883  744,290  $ 1,113,845

 

As of January 31, 2022, 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.
 
For the period ended January 31, 2022 there have been no transfers in or out of Level 3.
 
Please see Note 2 in Notes to Notes to Schedules of Investments for further information regarding fair value measurements.
 

 

 

 

 

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

January 31, 2022 (Unaudited)    

 

   Shares   Value 
Exchange Traded Funds (98.28%)    
Global (17.33%)    
Commodity ETF (2.71%)    
Graniteshares Gold Trust(a)(b)   76,692   $1,368,952 
           
Equity ETF (14.41%)          
Alpha Architect Value Momentum Trend ETF   34,254    855,322 
Cambria Global Real Estate ETF   120,054    3,666,365 
Cambria Global Value ETF   118,800    2,763,288 
         7,284,975 
Fixed Income ETF (0.21%)          
Cambria Global Tail Risk Bond ETF(a)   5,072    108,186 
           
International (32.59%)          
Equity ETF (16.77%)          
Alpha Architect International Quantitative Momentum ETF(b)   35,079    1,046,207 
Cambria Emerging Shareholder Yield ETF(b)   141,669    5,083,084 
Cambria Foreign Shareholder Yield ETF   85,173    2,350,749 
         8,480,040 
Fixed Income ETF (15.82%)          
SPDR® FTSE International Government Inflation-Protected Bond ETF   25,311    1,352,873 
VanEck Emerging Markets High Yield Bond ETF(b)   77,550    1,692,141 
VanEck International High Yield Bond ETF   38,709    903,855 
VanEck J. P. Morgan EM Local Currency Bond ETF   67,584    1,939,661 

 

   Shares   Value 
Fixed Income ETF (continued)    
Vanguard® Total International Bond ETF   38,808   $2,111,155 
         7,999,685 
United States (48.36%)          
Commodity ETF (6.56%)          
Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF(b)   218,691    3,315,356 
           
Equity ETF (18.87%)          
Alpha Architect US Quantitative Momentum ETF(b)   42,207    1,981,446 
Cambria Shareholder Yield ETF   81,939    5,131,020 
Cambria Value and Momentum ETF   98,439    2,426,521 
         9,538,987 
Fixed Income ETF (22.93%)          
iShares® Short Treasury Bond ETF   8,283    913,863 
Schwab US TIPS Bond ETF   24,717    1,523,309 
Vanguard® Intermediate-Term Corporate Bond ETF   15,939    1,441,842 
Vanguard® Intermediate-Term Government Bond ETF(b)   27,489    1,798,330 
Vanguard® Long-Term Treasury Bond ETF(b)   19,371    1,668,037 
Vanguard® Short-Term Corporate Bond ETF(b)   11,682    937,948 
Vanguard® Total Bond Market ETF   39,897    3,311,451 
         11,594,780 
           
Total Exchange Traded Funds          
(Cost $45,808,328)        49,690,961 

 

 

 

 

   Shares   Value 
Short-Term Investment (14.32%)    
Fidelity Investments Money Market Treasury Portfolio Institutional Class, 0.01%(c)(d)   7,242,919   $7,242,919 
           
Total Short-Term Investment          
(Cost $7,242,919)        7,242,919 
           
Total Investments (112.60%)          
(Cost $53,051,247)       $56,933,880 
           
Liabilities Less Other Assets (-12.60%)        (6,372,298)
           
Net Assets (100.00%)       $50,561,582 
Percentages based on Net Assets.          

 

(a)Non-income producing security.
(b)This security or a partial position of this security is on loan at January 31, 2022. The total value of securities on loan at January 31, 2022 was $7,099,013.
(c)Rate shown is the 7-day effective yield as of January 31, 2022.
(d)This security was purchased with cash collateral held from securities on loan. The total value of such securities as of January 31, 2022 was $7,242,919.

 

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 for the nine months ended January 31, 2022 are as follows:

 

Security Name  Value at
April 30, 2021		  Purchases
at Cost		  Proceeds
from Sales		  Change in Unrealized Appreciation/ (Depreciation)  Realized Gain/(Loss)  Value at January 31, 2022  Share at January 31, 2022  Dividend Income
Cambria Emerging Shareholder
Yield ETF		  $ 5,622,843  $ 168,510  $ (152,402)  $ (585,765)  $ 29,898  $ 5,083,084  141,669  $ 361,942
Cambria Foreign Shareholder
Yield ETF		  2,372,077  73,352  (69,868)  (27,732)  2,920  2,350,749  85,173  101,680
Cambria Global
Real Estate ETF		  3,801,330  118,104  (115,497)  (162,700)  25,128  3,666,365  120,054  373,044
Cambria Global
Value ETF		  2,720,057  85,068  (83,304)  37,656  3,811  2,763,288  118,800  80,937
Cambria Shareholder Yield ETF  5,125,284  158,291  (153,549)  (78,448)  79,441  5,131,020  81,939  108,616
Cambria Global Tail Risk ETF  235,634  –  (102,749)  12,265  (36,963)  108,186  5,072  –
Cambria Value and Momentum ETF  2,271,007  72,594  (72,294)  129,709  25,504  2,426,521  98,439  24,969
   $ 22,148,232  $ 675,919  $ 749,663  $ (675,015)  $ 129,739  $ 21,529,213  651,146  $ 1,051,188

 

As of January 31, 2022, 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.

 

For the period ended January 31, 2022 there have been no transfers in or out of Level 3.

 

Please see Note 2 in Notes to Notes to Schedules of Investments for further information regarding fair value measurements.

 

 

 

 

Sector Weightings
Cambria Value and Momentum ETF
Financials 28.91%
Energy 19.52%
Consumer Discretionary 19.08%
Industrials 13.93%
Materials 11.69%
Consumer Staples 2.23%
Information Technology 1.72%
Communication Services 1.60%
Real Estate 0.86%
Health Care 0.46%
  100.00%

 

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

 

Cambria Value and Momentum ETF

Schedule of Investments

January 31, 2022 (Unaudited)    

 

   Shares   Value 
Common Stocks (90.63%)    
Communication Services (1.45%)    
Entravision Communications Corp., Class A   29,906   $181,230 
IDT Corp.(a)   4,085    153,310 
         334,540 
Consumer Discretionary (17.29%)          
AutoNation, Inc.(a)   1,748    190,532 
Big 5 Sporting Goods Corp.(b)   15,118    297,674 
Buckle, Inc.(b)   5,510    207,396 
Century Communities, Inc.   2,793    183,919 
Citi Trends, Inc.(a)(b)   2,128    103,676 
Dick's Sporting Goods, Inc.(b)   1,311    151,289 
Dillard's, Inc., Class A(b)   912    231,393 
G-III Apparel Group, Ltd.(a)   5,377    146,093 
Green Brick Partners, Inc.(a)   6,315    149,539 
Group 1 Automotive, Inc.   1,083    183,904 
Hibbett, Inc.   3,402    209,733 
Hovnanian Enterprises, Inc., Class A(a)   1,653    160,143 
Kohl's Corp.   3,230    192,863 
Macy's, Inc.   7,733    197,965 
MarineMax, Inc.(a)   3,211    151,110 
Movado Group, Inc.   5,434    201,438 
Penske Automotive Group, Inc.   1,976    200,821 
Shoe Carnival, Inc.   4,750    162,260 
Smith & Wesson Brands, Inc.   8,549    146,017 

 

   Shares   Value 
Consumer Discretionary (continued)    
TravelCenters of America, Inc.(a)   5,529   $252,012 
Vista Outdoor, Inc.(a)   7,108    274,227 
         3,994,004 
Consumer Staples (2.02%)          
Sanderson Farms, Inc.   950    174,800 
United Natural Foods, Inc.(a)   7,547    292,673 
         467,473 
Energy (17.69%)          
Antero Resources Corp.(a)   14,900    290,997 
California Resources Corp.   4,617    196,777 
Centennial Resource Development, Inc., Class A(a)   36,917    288,322 
Civitas Resources, Inc.   4,769    259,910 
CONSOL Energy, Inc.(a)   7,201    156,550 
Continental Resources, Inc.(b)   4,522    234,873 
EOG Resources, Inc.   2,280    254,174 
Green Plains, Inc.(a)   7,353    224,561 
Marathon Oil Corp.   14,269    277,817 
Matador Resources Co.   6,384    285,812 
Oasis Petroleum, Inc.   1,881    254,744 
Ovintiv, Inc.   12,592    488,570 
Patterson-UTI Energy, Inc.   22,325    222,357 
PDC Energy, Inc.   3,876    229,730 
SandRidge Energy, Inc.(a)   15,827    182,010 
Whiting Petroleum Corp.(a)   3,211    238,417 
         4,085,621 
Financials (26.20%)          
Ally Financial, Inc.   3,496    166,829 
American Financial Group, Inc.   1,406    183,174 
American National Group, Inc.   931    175,763 
Berkshire Hills Bancorp, Inc.   6,422    190,027 
Cadence Bank   5,014    156,290 
Capital One Financial Corp.   1,121    164,484 
CNO Financial Group, Inc.   6,645    165,726 
Cowen, Inc.   5,629    178,327 
Customers Bancorp, Inc.(a)   5,244    305,725 
Donnelley Financial Solutions, Inc.(a)   6,213    231,248 
Encore Capital Group, Inc.(a)   3,420    220,590 
First American Financial Corp.   2,622    195,365 
First Citizens BancShares, Inc., Class A   209    162,828 
Great Western Bancorp, Inc.   5,282    163,108 
Hanmi Financial Corp.   8,455    227,270 
HomeStreet, Inc.   4,104    200,070 
Jefferies Financial Group, Inc.   4,864    178,217 
LendingClub Corp.(a)   7,486    140,437 

 

 

 

 

   Shares   Value 
Financials (continued)    
Meta Financial Group, Inc.   4,195   $249,435 
Metropolitan Bank Holding Corp.(a)   2,147    214,700 
Mr Cooper Group, Inc.(a)   9,977    400,577 
PacWest Bancorp   4,256    197,606 
Regions Financial Corp.   8,607    197,445 
Silvergate Capital Corp., Class A(a)   2,526    272,151 
State Auto Financial Corp.   3,534    182,708 
Sterling Bancorp   6,935    182,321 
Stewart Information Services Corp.   2,527    180,504 
SuRo Capital Corp.   9,416    115,628 
SVB Financial Group(a)   437    255,164 
Synovus Financial Corp.   3,952    196,652 
         6,050,369 
Health Care (0.42%)          
Fulgent Genetics, Inc.(a)   1,501    95,869 
           
Industrials (12.63%)          
ArcBest Corp.   3,439    304,145 
Atkore, Inc.(a)   1,900    204,782 
Atlas Air Worldwide Holdings, Inc.(a)   2,318    186,205 
BlueLinx Holdings, Inc.(a)   2,432    174,228 
Boise Cascade Co.   3,952    277,509 
CoreCivic, Inc.(a)   21,394    216,293 
Encore Wire Corp.   1,558    175,571 
Manitowoc Co., Inc.(a)   8,398    153,263 
MasTec, Inc.(a)   1,862    160,374 
Mueller Industries, Inc.   3,572    184,530 
MYR Group, Inc.(a)   2,489    234,041 
Resideo Technologies, Inc.(a)   7,559    187,312 
RR Donnelley & Sons Co.(a)   25,080    276,382 
Veritiv Corp.(a)   1,957    182,158 
         2,916,793 
Information Technology (1.56%)          
HP, Inc.   5,681    208,663 
Kulicke & Soffa Industries, Inc.   2,755    150,671 
         359,334 
Materials (10.59%)          
AdvanSix, Inc.   6,042    254,308 
Alcoa Corp.   6,702    380,070 
Alpha Metallurgical Resources, Inc.(a)   3,610    228,260 
Intrepid Potash, Inc.(a)   5,187    201,152 
Louisiana-Pacific Corp.   3,173    210,814 
Nucor Corp.   1,843    186,880 
Resolute Forest Products, Inc.   18,126    246,876 
Schnitzer Steel Industries, Inc., Class A   4,351    170,298 

 

   Shares   Value 
Materials (continued)    
Steel Dynamics, Inc.   3,021   $167,726 
TimkenSteel Corp.(a)   16,454    230,850 
United States Steel Corp.   8,151    168,889 
         2,446,123 
Real Estate (0.78%)          
Jones Lang LaSalle, Inc.(a)   722    181,070 
           
           
Total Common Stocks          
(Cost $17,742,708)        20,931,196 
           

 

   Shares   Value 
Short-Term Investment (2.74%)    
Fidelity Investments Money Market Treasury Portfolio Institutional Class, 0.01%(c)(d)   632,837   $632,837 
           
Total Short-Term Investment          
(Cost $632,837)        632,837 
           
Total Investments (93.37%)          
(Cost $18,375,545)       $21,564,033 
           
Other Assets Less Liabilities (6.63%)        1,531,772 
           
Net Assets (100.00%)       $23,095,805 
Percentages based on Net Assets.          

 

(a)Non-income producing security.
(b)This security or a partial position of this security is on loan at January 31, 2022. The total value of securities on loan at January 31, 2022 was $637,274.
(c)Rate shown is the 7-day effective yield as of January 31, 2022.
(d)This security was purchased with cash collateral held from securities on loan. The total value of such securities as of January 31, 2022 was $632,837.

 

 

 

 

The open futures contracts held by the Fund as of January 31, 2022 are as follows:

 

Type of Contract Number of Contracts Short Expiration Date Notional Amount Notional Value Unrealized Depreciation
S&P® 500 Mini Future 64 Mar-2022 $ (14,363,778) $ (14,413,600) $ (49,822)

 

For the period ended January 31, 2022, the monthly average notional value of the short equity futures contracts held was $(10,224,069) and the ending notional value of the futures contacts was $(14,413,600).

 

As of January 31, 2022, 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.

 

For the period ended January 31, 2022 there have been no transfers in or out of Level 3.

 

Please see Note 2 in Notes to Notes to Schedules of Investments for further information regarding fair value measurements.

 

 

 

 

Sector Weightings
Cambria Global Tail Risk ETF
Exchange Traded Funds 76.01%
Sovereign Debt 14.57%
Purchased Options 9.42%
  100.00%

 

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

 

Cambria Global Tail Risk ETF

Schedule of Investments

January 31, 2022 (Unaudited)    

 

   Shares   Value 
Exchange Traded Funds (72.48%)    
International (27.35%)    
Fixed Income ETF (27.35%)    
VanEck J. P. Morgan EM Local Currency Bond ETF   24,910   $714,917 
Vanguard® Total International Bond ETF(a)   13,635    741,744 
         1,456,661 
United States (45.13%)          
Fixed Income ETF (45.13%)          
iShares® 7-10 Year Treasury Bond ETF(a)   10,545    1,187,051 
iShares® TIPS Bond ETF(a)   9,610    1,216,049 
         2,403,100 
           
Total Exchange Traded Funds          
(Cost $3,961,464)        3,859,761 

 

   Currency   Face Amount   Value 
Sovereign Debt (13.89%)    
Turkey Government Bond, 8.500%, 9/14/2022   TRY    4,641,000    332,390 
Colombian TES               
7.000%, 5/4/2022   COP    819,000,000    208,765 
7.500%, 8/26/2026   COP    812,500,000    198,705 
              739,860 
                
Total Sovereign Debt               
(Cost $1,534,509)             739,860 

 

  Contracts  Notional Amount   Value 
Purchased Options (8.98%)    
Put Options        
MSCI EAFE Index-MXEA US        
Expires 03/17/22, Strike Price $2,150   6   $1,333,470   $18,690 
Expires 06/17/22, Strike Price $2,200   9    2,000,205    84,420 
Expires 09/16/22, Strike Price $2,150   3    666,735    30,750 
Expires 09/16/22, Strike Price $2,200   5    1,111,225    60,700 
Expires 12/16/22, Strike Price $2,200   3    666,735    45,120 
MSCI Emerging Markets Index-MXEF US               
Expires 03/18/22, Strike Price $1,250   6    724,939    28,410 
Expires 06/17/22, Strike Price $1,250   9    1,087,409    69,930 
Expires 09/15/22, Strike Price $1,150   4    483,293    25,560 
Expires 09/15/22, Strike Price $1,200   10    1,208,232    82,300 
Expires 12/15/22, Strike Price $1,200   3    362,469    32,520 
Total Purchased Options               
(Cost $550,429)             478,400 

 

   Shares   Value 
Short-Term Investment (29.36%)    
Fidelity Investments Money Market Treasury Portfolio Institutional Class, 0.01%(b)(c)   1,563,732   $1,563,732 
           
Total Short-Term Investment          
(Cost $1,563,732)        1,563,732 
           
Total Investments (124.71%)          
(Cost $7,610,134)       $6,641,753 
           
Liabilities Less Other Assets (-24.71%)        (1,316,113)
           
Net Assets (100.00%)       $5,325,640 
Percentages based on Net Assets.          

 

 

 

  

(a)This security or a partial position of this security is on loan at January 31, 2022. The total value of securities on loan at January 31, 2022 was $1,528,859.
(b)Rate shown is the 7-day effective yield as of January 31, 2022.
(c)This security was purchased with cash collateral held from securities on loan. The total value of such securities as of January 31, 2022 was $1,563,732.

 

Currency Abbreviations:

COP — Colombian Peso

TRY— Turkish Lira

 

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 $3,859,761  $–  $–  $3,859,761 
Sovereign Debt  –   739,860   –   739,860 
Short-Term Investment  1,563,732   –   –   1,563,732 
Total $5,423,493  $739,860  $–  $6,163,353 
Other Financial Instruments                
Purchased Options $478,400  $–  $–  $478,400 
Total $478,400  $–  $–  $478,400 

 

As of January 31, 2022, 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.

 

For the period ended January 31, 2022 there have been no transfers in or out of Level 3.

 

Please see Note 2 in Notes to Notes to Schedules of Investments for further information regarding fair value measurements.

 

 

 

 

Sector Weightings
Cambria Emerging Shareholder Yield ETF
Materials 26.39%
Information Technology 24.00%
Industrials 14.11%
Energy 9.83%
Consumer Discretionary 9.43%
Financials 7.78%
Utilities 3.10%
Consumer Staples 1.59%
Real Estate 1.42%
Communication Services 1.04%
Other 0.74%
Health Care 0.57%
  100.00%

 

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

 

Cambria Emerging Shareholder Yield ETF

Schedule of Investments

January 31, 2022 (Unaudited)    

 

   Shares   Value 
Common Stocks (99.50%)    
Australia (1.64%)    
BHP Group, Ltd.(a)   48,708   $1,551,494 
           
Brazil (0.77%)          
Camil Alimentos SA   432,000    733,817 
           
China (16.49%)          
Anhui Conch Cement Co., Ltd., Class H   108,000    569,292 
Bank of Communications Co., Ltd., Class H   1,080,000    723,043 
China Hongqiao Group, Ltd.   718,200    801,372 
China Lilang, Ltd.   1,080,000    612,232 
China Medical System Holdings, Ltd.   324,000    539,373 
China Petroleum & Chemical Corp., ADR   10,575    550,957 
China Sanjiang Fine Chemicals Co., Ltd.(b)   2,014,200    599,322 
China Shenhua Energy Co., Ltd., Class H   378,000    924,996 
Fufeng Group, Ltd.   1,512,000    552,671 
Greatview Aseptic Packaging Co., Ltd.   1,512,000    581,758 

 

   Shares   Value 
China (continued)    
Greenland Hong Kong Holdings, Ltd.(b)   2,322,000   $455,642 
Greentown Management Holdings Co., Ltd.(b)(c)   1,890,000    1,490,756 
JNBY Design, Ltd.   513,000    756,632 
Lonking Holdings, Ltd.   2,322,000    676,017 
Qingdao Port International Co., Ltd., Class H(c)   1,080,000    584,529 
Shenzhen Expressway Corp., Ltd., Class H   756,000    747,560 
Sinopec Shanghai Petrochemical Co., Ltd., ADR   18,532    423,827 
Sinotruk Hong Kong, Ltd.   405,000    599,419 
Tianneng Power International, Ltd.(b)   324,000    333,265 
Xinte Energy Co., Ltd.(b)   345,600    634,726 
Yankuang Energy Group Co., Ltd., Class H   864,000    1,821,735 
Zhejiang Expressway Co., Ltd., Class H   756,000    647,691 
         15,626,815 
Colombia (0.74%)          
Banco De Bogota Sa   35,910    697,773 
           
Czech Republic (1.04%)          
O2 Czech Republic AS   79,434    982,858 
           
India (11.89%)          
Cosmo Films, Ltd.   47,412    1,088,877 
GHCL, Ltd.   156,816    913,398 
Gujarat Narmada Valley Fertilizers & Chemicals, Ltd.   158,760    999,397 
HSIL, Ltd.   381,456    1,575,204 
LG Balakrishnan & Bros, Ltd.   119,340    1,084,211 
Oil & Natural Gas Corp., Ltd.   475,956    1,100,874 
Polyplex Corp., Ltd.   65,718    1,620,086 
Redington India, Ltd.   647,244    1,405,987 
Vedanta, Ltd.   343,710    1,481,975 
         11,270,009 
Russia (13.33%)          
Alrosa PJSC   484,920    707,739 
Beluga Group PJSC   18,306    764,509 
Federal Grid Co. Unified Energy System PJSC   295,380,000    545,561 
Gazprom Neft PJSC   200,880    1,300,108 
Gazprom PJSC   380,700    1,630,789 
Inter RAO UES PJSC   9,936,000    496,454 

 

 

 

 

   Shares   Value 
Russia (continued)    
LUKOIL PJSC   15,444   $1,364,597 
Magnitogorsk Iron & Steel Works PJSC   1,404,000    1,106,035 
Novolipetsk Steel PJSC   412,560    1,135,726 
OGK-2 PJSC   84,780,000    648,460 
Sberbank of Russia PJSC   248,940    851,875 
Severstal PAO   76,680    1,489,081 
Unipro PJSC   19,116,000    596,527 
         12,637,461 
South Africa (11.01%)          
AECI, Ltd.   148,986    1,104,357 
African Rainbow Minerals, Ltd.   136,728    2,026,457 
Exxaro Resources, Ltd.   53,406    577,007 
Investec PLC   176,688    1,016,330 
Investec, Ltd.   173,664    979,840 
Kumba Iron Ore, Ltd.   26,676    938,416 
Motus Holdings, Ltd.   171,342    1,304,295 
Reunert, Ltd.   309,896    962,956 
Truworths International, Ltd.   412,084    1,529,295 
         10,438,953 
South Korea (8.17%)          
Chungdahm Learning, Inc.   37,530    1,008,687 
Hanmi Semiconductor Co., Ltd.   61,776    1,890,945 
Huchems Fine Chemical Corp.   56,322    981,138 
Iones Co., Ltd.(a)   123,120    1,000,893 
Meritz Fire & Marine Insurance Co., Ltd.   34,560    1,314,455 
Motonic Corp.   78,678    591,309 
SSANGYONG C&E Co., Ltd.   151,525    959,051 
         7,746,478 
Taiwan (25.97%)          
ASROCK, Inc.   216,000    1,786,151 
Asustek Computer, Inc.   54,000    697,958 
Catcher Technology Co., Ltd.   108,000    599,914 
Chenbro Micom Co., Ltd.   324,000    969,181 
Chicony Electronics Co., Ltd.   270,000    859,100 
CyberPower Systems, Inc.   162,000    399,554 
Dimerco Express Corp.   466,560    1,613,686 
Generalplus Technology, Inc.   378,000    816,776 
Gigabyte Technology Co., Ltd.   162,000    800,856 
Global Mixed Mode Technology, Inc.   162,000    1,339,613 
Holy Stone Enterprise Co., Ltd.   270,000    1,121,198 
Huaku Development Co., Ltd.   270,000    883,368 
ITE Technology, Inc.   345,600    1,240,054 
Micro-Star International Co., Ltd.   178,200    967,434 
Nantex Industry Co., Ltd.   378,000    1,137,506 

 

   Shares   Value 
Taiwan (continued)    
Nishoku Technology, Inc.   270,000   $820,270 
O-TA Precision Industry Co., Ltd.   162,000    844,539 
Radiant Opto-Electronics Corp.   216,000    788,236 
Sea Sonic Electronics Co., Ltd.   340,200    923,459 
Sunonwealth Electric Machine Industry Co., Ltd.   378,000    574,869 
Systex Corp.   270,000    821,241 
TA-I Technology Co., Ltd.   378,000    819,494 
Thinking Electronic Industrial Co., Ltd.   162,000    835,802 
Topco Scientific Co., Ltd.   216,000    1,281,369 
Transcend Information, Inc.   270,000    678,543 
Tripod Technology Corp.   216,000    994,032 
         24,614,203 
Thailand (0.78%)          
Tisco Financial Group PLC   248,400    736,732 
           
Turkey (7.67%)          
Aksa Akrilik Kimya Sanayii AS   400,140    962,481 
Dogus Otomotiv Servis ve Ticaret AS   268,920    962,199 
Enerjisa Enerji AS(c)   572,886    634,808 
Enka Insaat ve Sanayi AS   763,668    897,809 
Eregli Demir ve Celik Fabrikalari TAS   559,602    1,146,070 
Is Yatirim Menkul Degerler AS   1,103,814    1,718,669 
Iskenderun Demir ve Celik AS   569,808    953,084 
         7,275,120 
           
Total Common Stocks          
(Cost $88,592,518)        94,311,713 

 

 

 

 

   Shares   Value 
Short-Term Investment (1.17%)    
Fidelity Investments Money Market Treasury Portfolio Institutional Class, 0.01%(d)(e)   1,109,453   $1,109,453 
           
Total Short-Term Investment          
(Cost $1,109,453)        1,109,453 
           
Total Investments (100.67%)          
(Cost $89,701,971)       $95,421,166 
           
Liabilities Less Other Assets (-0.67%)        (639,696)
           
Net Assets (100.00%)       $94,781,470 
Percentages based on Net Assets.          

 

(a)Non-income producing security.
(b)This security or a partial position of this security is on loan at January 31, 2022. The total value of securities on loan at January 31, 2022 was $978,456.
(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 January 31, 2022, the fair value of securities restricted under Rule 144A in the aggregate was $2,710,093, representing 2.86% of net assets.
(d)Rate shown is the 7-day effective yield as of January 31, 2022.
(e)This security was purchased with cash collateral held from securities on loan. The total value of such securities as of January 31, 2022 was $1,109,453.

 

As of January 31, 2022, 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.

 

For the period ended January 31, 2022 there have been no transfers in or out of Level 3.

 

Please see Note 2 in Notes to Notes to Schedules of Investments for further information regarding fair value measurements.

 

 

 

 

Sector Weightings
Cambria Tail Risk ETF
U.S. Treasury Obligations 92.00%
Purchased Options 8.00%
  100.00%

 

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

 

Cambria Tail Risk ETF

Schedule of Investments

January 31, 2022 (Unaudited)    

 

   Face Amount  Value 
U.S. Treasury Obligations (89.63%)    
U.S. Treasury Bond 0.625%, 5/15/2030  $368,380,000  $336,420,088 
United States Treasury Inflation Indexed Bonds 0.125%, 7/15/2030   21,066,875   22,883,345 
        359,303,433 
          
Total U.S. Treasury Obligations         
(Cost $375,262,699)       359,303,433 

 

  Contracts  Notional Amount  Value
Purchased Options (7.80%)
Put Options
S&P 500® Index
Expires 03/17/22, Strike Price $4,100 59 $26,641,745 $256,060
Expires 06/16/22, Strike Price $4,100 343  154,883,365  4,186,315
Expires 09/15/22, Strike Price $4,100 495  223,519,725  9,041,175
Expires 12/15/22, Strike Price $4,000 62  27,996,410  1,291,150
Expires 12/15/22, Strike Price $4,200 321  144,949,155  8,374,890

 

  Contracts  Notional Amount  Value
Purchased Options (continued)  
Expires 03/16/23, Strike Price $4,400 222 $100,245,210 $8,106,330
Total Purchased Options        
(Cost $36,035,041)       31,255,920
         
Total Investments (97.43%)        
(Cost $411,297,740)      $390,559,353
         
Other Assets Less Liabilities (2.57%)       10,296,947
         
Net Assets (100.00%)      $400,856,300
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 $– $359,303,433 $– $359,303,433
Total $– $359,303,433 $– $359,303,433
Other Financial Instruments            
Purchased Options $31,255,920 $– $– $31,255,920
Total $31,255,920 $– $– $31,255,920

 

For the period ended January 31, 2022 there have been no transfers in or out of Level 3.

 

Please see Note 2 in Notes to Notes to Schedules of Investments for further information regarding fair value measurements.

 

 

 

 

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

January 31, 2022 (Unaudited)    

 

   Shares   Value 
Exchange Traded Funds (97.15%)    
Global (18.32%)    
Alternative ETF (0.95%)    
iMGP DBi Managed Futures Strategy ETF   16,774   $434,447 
           
Commodity ETF (5.76%)          
Invesco DB Base Metals Fund(a)   60,010    1,372,429 
Invesco DB Energy Fund(a)   65,586    1,277,615 
         2,650,044 
Equity ETF (11.61%)          
Alpha Architect Value Momentum Trend ETF   33,383    833,573 
Cambria Global Real Estate ETF(b)   80,634    2,462,506 
Cambria Global Value ETF   87,969    2,046,159 
         5,342,238 
International (16.73%)          
Equity ETF (11.55%)          
Cambria Emerging Shareholder Yield ETF(b)   53,754    1,928,693 
Cambria Foreign Shareholder Yield ETF   122,579    3,383,144 
         5,311,837 
Fixed Income ETF (5.18%)          
SPDR® FTSE International Government Inflation-Protected Bond ETF   16,048    857,766 
VanEck J. P. Morgan EM Local Currency Bond ETF   53,176    1,526,151 
         2,383,917 
North America (9.39%)          
Commodity ETF (2.90%)          
iShares® Global Energy ETF   41,582    1,332,287 

 

   Shares   Value 
Equity ETF (6.49%)    
iShares® Global Financials ETF   14,178   $1,152,955 
iShares® Residential and Multisector Real Estate ETF   11,696    1,085,740 
Invesco DB Agriculture Fund(a)   37,026    747,555 
         2,986,250 
United States (52.71%)          
Alternative ETF (5.86%)          
First Trust Managed Futures Strategy Fund   25,901    1,178,602 
WisdomTree Managed Futures Strategy Fund   43,508    1,518,429 
         2,697,031 
Commodity ETF (5.51%)          
Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF(b)   167,268    2,535,783 
           
Equity ETF (27.23%)          
Cambria Shareholder Yield ETF(b)   92,734    5,807,003 
Cambria Value and Momentum ETF(b)   223,059    5,498,404 
Vanguard® Small-Cap Value ETF(b)   7,140    1,220,654 
         12,526,061 
Fixed Income ETF (14.11%)          
Schwab US TIPS Bond ETF   13,093    806,922 
Vanguard® Intermediate-Term Government Bond ETF(b)   53,244    3,483,222 
Vanguard® Total Bond Market ETF   26,504    2,199,832 
         6,489,976 
           
Total Exchange Traded Funds          
(Cost $41,815,028)        44,689,871 

 

 

 

 

   Shares   Value 
Short-Term Investment (4.68%)    
Fidelity Investments Money Market Treasury Portfolio Institutional Class, 0.01%(c)(d)   2,150,710   $2,150,710 
           
Total Short-Term Investment          
(Cost $2,150,710)        2,150,710 
           
Total Investments (101.83%)          
(Cost $43,965,738)       $46,840,581 
           
Liabilities Less Other Assets (-1.83%)        (838,408)
           
Net Assets (100.00%)       $46,002,173 
Percentages based on Net Assets.          

 

(a)Non-income producing security.
(b)This security or a partial position of this security is on loan at January 31, 2022. The total value of securities on loan at January 31, 2022 was $2,124,290.
(c)Rate shown is the 7-day effective yield as of January 31, 2022.
(d)This security was purchased with cash collateral held from securities on loan. The total value of such securities as of January 31, 2022 was $2,150,710.

 

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 for the nine months ended January 31, 2022 are as follows:

 

Security Name Value at
April 30, 2021		  Purchases
at Cost		  Proceeds
from Sales		  Change in Unrealized Appreciation/
(Depreciation)		  Realized Gain/(Loss)  Value at January 31, 2022  Shares at January 31, 2022  Dividend Income
Cambria Emerging Shareholder
Yield ETF		 $3,257,557  $304,959  $(1,286,451)  $(480,313)  $132,940  $1,928,693   53,754  $188,189
Cambria Foreign Shareholder
Yield ETF		  3,213,038   403,473   (193,256)   (66,466)   26,356   3,383,144   122,579   138,354
Cambria Global Real Estate ETF  1,490,084   1,258,741   (153,944)   (159,850)   27,475   2,462,506   80,634   222,547
Cambria Global
Value ETF		  2,586,481   289,712   (837,563)   56,769   (49,238)   2,046,159   87,969   72,516
Cambria Shareholder Yield ETF  5,459,364   705,693   (346,165)   (159,401)   147,512   5,807,003   92,734   117,831
Cambria Value and Momentum ETF  3,689,825   1,945,307   (328,630)   128,134   63,768   5,498,404   223,059   54,294
  $19,696,349  $4,907,885  $(3,146,009)  $(681,127)  $348,813  $21,125,909   660,729  $793,731

 

As of January 31, 2022, 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.

 

For the period ended January 31, 2022 there have been no transfers in or out of Level 3.

 

Please see Note 2 in Notes to Notes to Schedules of Investments for further information regarding fair value measurements.

 

 

 

 

Sector Weightings
Cambria Cannabis ETF
Consumer Staples 43.77%
Health Care 36.13%
Real Estate 11.02%
Materials 6.56%
Consumer Discretionary 2.52%
  100.00%

 

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

 

Cambria Cannabis ETF

Schedule of Investments

January 31, 2022 (Unaudited)    

 

   Shares   Value 
Common Stocks (95.55%)    
Consumer Discretionary (2.41%)    
Greenlane Holdings, Inc., Class A(a)(b)   417,800   $318,238 
GrowGeneration Corp.(a)   28,360    239,359 
         557,597 
Consumer Staples (41.82%)          
Altria Group, Inc.   20,000    1,017,600 
British American Tobacco PLC   32,320    1,375,083 
Constellation Brands, Inc., Class A   8,052    1,914,363 
Imperial Brands PLC   53,920    1,270,135 
Neptune Wellness Solutions, Inc.(a)(b)   446,680    140,794 
NewAge, Inc.(a)   310,760    232,915 
Philip Morris International, Inc.   11,520    1,184,832 
Turning Point Brands, Inc.   28,080    989,258 
Universal Corp.   15,040    818,627 
Village Farms International, Inc.(a)(b)   140,320    728,261 
         9,671,868 
Health Care (34.53%)          
Arena Pharmaceuticals, Inc.(a)   23,160    2,130,257 
Aurora Cannabis, Inc.(a)(b)   82,413    342,838 
Canopy Growth Corp.(a)(b)   70,400    566,016 
cbdMD, Inc.(a)(b)   181,488    188,748 
Charlottes Web Holdings, Inc.(a)(b)   267,809    275,994 
Cronos Group, Inc.(a)(b)   130,120    480,143 
HEXO Corp.(a)(b)   113,659    63,649 
Jazz Pharmaceuticals PLC(a)   8,797    1,221,991 
MediPharm Labs Corp.(a)   616,080    99,356 
Organigram Holdings, Inc.(a)(b)   329,200    497,238 
Tilray Brands, Inc.(a)(b)   294,718    1,756,519 
Valens Co., Inc.(a)(b)   187,640    361,655 
         7,984,404 

 

   Shares   Value 
Materials (6.26%)        
Scotts Miracle-Gro Co.   9,580   $1,448,496 
           
Real Estate (10.53%)          
Innovative Industrial Properties, Inc.   12,286    2,434,962 
           
Total Common Stocks          
(Cost $35,354,177)        22,097,327 

 

   Shares   Value 
Short-Term Investment (25.24%)        
Fidelity Investments Money Market Treasury Portfolio Institutional Class, 0.01%(c)(d)(e)   5,837,612   $5,837,612 
           
Total Short-Term Investment          
(Cost $5,837,612)        5,837,612 
           
Total Investments (120.79%)          
(Cost $41,191,789)       $27,934,939 
           
Liabilities Less Other Assets (-20.79%)        (4,808,114)
           
Net Assets (100.00%)       $23,126,825 
Percentages based on Net Assets.          

 

(a)Non-income producing security.
(b)This security or a partial position of this security is on loan at January 31, 2022. The total value of securities on loan at January 31, 2022 was $3,668,739.
(c)Rate shown is the 7-day effective yield as of January 31, 2022.
(d)To obtain a copy of the fund's shareholder report, please go to the Securities and Exchange Commission's website at www.sec.gov.
(e)This security was purchased with cash collateral held from securities on loan. The total value of such securities as of January 31, 2022 was $5,837,612.

 

 

 

 

Investment Abbreviations:

ADR - American Depository Receipt

PLC - Public Limited Company

 

As of January 31, 2022, 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.

 

For the period ended January 31, 2022 there have been no transfers in or out of Level 3.

 

Please see Note 2 in Notes to Notes to Schedules of Investments for further information regarding fair value measurements.

 

 

 

 

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

January 31, 2022 (Unaudited)    

 

   Shares   Value 
Common Stocks (93.61%)(a)    
Canada (14.02%)    
Artis Real Estate Investment Trust   30,800   $294,395 
Boardwalk Real Estate Investment Trust   7,000    308,052 
BTB Real Estate Investment Trust   86,800    272,797 
City Office REIT, Inc.   15,400    274,582 
Dream Industrial Real Estate Investment Trust   21,000    260,528 
H&R Real Estate Investment Trust   22,400    227,674 
Nexus Real Estate Investment Trust   26,600    249,019 
Plaza Retail REIT   75,600    277,742 
RioCan Real Estate Investment Trust   15,400    268,105 
Slate Office REIT(b)   70,000    276,993 
SmartCentres Real Estate Investment Trust   11,200    270,848 
         2,980,735 
Great Britain (1.35%)          
AEW UK REIT PLC   184,408    287,692 
           
Guernsey (1.48%)          
BMO Commercial Property Trust, Ltd.   203,966    314,364 
           
Hong Kong (2.51%)          
Prosperity REIT(c)   686,000    266,585 
Sunlight Real Estate Investment Trust   490,000    266,460 
         533,045 
Japan (1.07%)          
Japan Prime Realty Investment Corp.   70    228,102 
           
Mexico (1.33%)          
Concentradora Fibra Danhos SA de CV   261,800    282,386 

 

   Shares   Value 
Netherlands (2.94%)    
Eurocommercial Properties NV   13,482   $325,039 
Wereldhave NV   19,572    299,477 
         624,516 
Singapore (3.70%)          
AIMS APAC REIT   259,000    266,486 
ARA LOGOS Logistics Trust   418,600    255,631 
SPH REIT(c)   371,000    263,637 
         785,754 
South Africa (6.51%)          
Fairvest, Ltd.   1,075,186    244,837 
Hyprop Investments, Ltd.   123,914    289,106 
Resilient REIT, Ltd.   75,740    296,751 
SA Corporate Real Estate, Ltd.   1,965,880    305,690 
Vukile Property Fund, Ltd.   321,916    247,773 
         1,384,157 
Thailand (0.99%)          
Hemaraj Leasehold REIT   795,200    210,174 
           
Turkey (1.61%)          
Yeni Gimat Gayrimenkul Ortakligi AS   215,334    342,071 
           
United States (56.10%)          
Alpine Income Property Trust, Inc.   14,000    275,800 
American Finance Trust, Inc.   32,200    265,972 
American Homes 4 Rent, Class A   7,000    273,910 
AvalonBay Communities, Inc.   1,400    341,922 
Bluerock Residential Growth REIT, Inc.   18,200    483,210 
Brandywine Realty Trust   19,600    252,056 
Brixmor Property Group, Inc.   11,200    284,032 
Broadstone Net Lease, Inc.   11,200    258,832 
Camden Property Trust   1,400    224,126 
Cedar Realty Trust, Inc.   12,600    300,006 
Cousins Properties, Inc.   7,000    269,920 
CubeSmart   5,600    284,144 
Duke Realty Corp.   4,200    242,676 
Equity Residential   2,800    248,444 
Extra Space Storage, Inc.   1,400    277,466 
First Industrial Realty Trust, Inc.   4,200    255,276 
Getty Realty Corp.   8,400    249,228 
Highwoods Properties, Inc.   5,600    241,472 
Industrial Logistics Properties Trust   11,200    256,816 
Kimco Realty Corp.   11,200    271,712 
Kite Realty Group Trust   12,600    263,088 
Life Storage, Inc.   1,400    188,930 
LXP Industrial Trust   18,200    270,998 
Mid-America Apartment Communities, Inc.   1,400    289,352 
National Retail Properties, Inc.   5,600    248,528 

 

 

 

 

   Shares   Value 
United States (continued)    
National Storage Affiliates Trust   4,200   $258,552 
One Liberty Properties, Inc.   8,400    256,200 
Orion Office REIT, Inc.(c)   1    10 
Paramount Group, Inc.   30,800    267,652 
Piedmont Office Realty Trust, Inc., Class A   14,000    248,640 
Plymouth Industrial REIT, Inc.   8,400    241,500 
Preferred Apartment Communities, Inc.   19,600    326,928 
PS Business Parks, Inc.   1,400    233,744 
Realty Income Corp.   4,200    291,522 
Retail Opportunity Investments Corp.   14,000    259,420 
Retail Value, Inc.   43,400    136,710 
RPT Realty   19,600    247,352 
Saul Centers, Inc.   5,600    276,528 
SITE Centers Corp.   16,800    248,808 
Spirit Realty Capital, Inc.   5,600    265,776 
STAG Industrial, Inc.   5,600    239,288 
Tanger Factory Outlet Centers, Inc.(b)   12,600    214,326 
UMH Properties, Inc.   11,200    264,320 
Urstadt Biddle Properties, Inc., Class A   14,000    275,660 
VICI Properties, Inc.(b)   9,800    280,476 
Washington Real Estate Investment Trust   11,200    275,744 
         11,927,072 
           
Total Common Stocks (Cost $19,378,325)        19,900,068 

 

   Shares   Value 
Short-Term Investment (2.43%)    
Fidelity Investments Money Market Treasury Portfolio Institutional Class, 0.01%(d)(e)   517,622   $517,622 
           
Total Short-Term Investment          
(Cost $517,622)        517,622 
           
Total Investments (96.04%)          
(Cost $19,895,947)       $20,417,690 
           
Other Assets Less Liabilities (3.96%)        841,045 
           
Net Assets (100.00%)       $21,258,735 
Percentages based on Net Assets.          

 

(a)Real Estate Investment Trust.
(b)This security or a partial position of this security is on loan at January 31, 2022. The total value of securities on loan at January 31, 2022 was $507,583.
(c)Non-income producing security.
(d)Rate shown is the 7-day effective yield as of January 31, 2022.
(e)This security was purchased with cash collateral held from securities on loan. The total value of such securities as of January 31, 2022 was $517,622.

 

As of January 31, 2022, 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.

 

For the period ended January 31, 2022 there have been no transfers in or out of Level 3.

 

Please see Note 2 in Notes to Notes to Schedules of Investments for further information regarding fair value measurements.