.
Cambria Global Asset Allocation ETF
  
Schedule of Investments
  
January 31, 2026 (Unaudited)
  
   
EXCHANGE TRADED FUNDS - 99.3%
Shares
  
Value
 
Alpha Architect 1-3 Month Box ETF (a)
    
5,053
    
$
583,369
  
Alpha Architect International Quantitative Momentum ETF
    
37,430
      
1,553,345
  
Alpha Architect US Quantitative Momentum ETF (b)
    
37,818
      
2,567,086
  
Cambria Emerging Shareholder Yield ETF (b)(c)
    
154,685
      
6,479,755
  
Cambria Foreign Shareholder Yield ETF (b)(c)
    
124,587
      
4,407,888
  
Cambria Global Real Estate ETF (c)
    
166,111
      
4,222,508
  
Cambria Global Value ETF (c)
    
129,298
      
4,498,277
  
Cambria LargeCap Shareholder Yield ETF (c)
    
45,267
      
1,308,393
  
Cambria Micro and SmallCap Shareholder Yield ETF (c)
    
50,790
      
1,460,715
  
Cambria Shareholder Yield ETF (b)(c)
    
36,239
      
2,663,567
  
Cambria Tactical Yield ETF (b)(c)
    
133,620
      
3,373,237
  
Cambria Value and Momentum ETF (c)
    
76,214
      
2,674,349
  
Graniteshares Gold Trust (a)(b)
    
51,548
      
2,459,871
  
Invesco Global Ex US High Yield Corporate Bond ETF
    
57,995
      
1,158,740
  
JPMorgan USD Emerging Markets Sovereign Bond ETF
    
45,016
      
1,820,393
  
Schwab US TIPS ETF
    
64,122
      
1,708,210
  
SPDR Bloomberg Enhanced Roll Yield Commodity Strategy No K-1 ETF (b)
    
74,184
      
2,316,024
  
SPDR FTSE International Government Inflation-Protected Bond ETF (b)
    
29,402
      
1,196,661
  
USCF SummerHaven Dynamic Commodity Strategy No K-1 Fund (b)
    
95,825
      
2,297,884
  
VanEck Bitcoin Trust (a)
    
9,707
      
230,056
  
VanEck Emerging Markets High Yield Bond ETF
    
117,282
      
2,367,924
  
VanEck Gold Miners ETF (b)
    
11,262
      
1,060,880
  
VanEck J.P. Morgan EM Local Currency Bond ETF (b)
    
69,688
      
1,832,794
  
Vanguard Intermediate-Term Corporate Bond ETF (b)
    
20,989
      
1,762,027
  
Vanguard Intermediate-Term Treasury ETF
    
19,127
      
1,145,707
  
Vanguard Long-Term Treasury ETF
    
20,455
      
1,139,957
  
Vanguard Short-Term Corporate Bond ETF (b)
    
14,400
      
1,152,720
  
Vanguard Total Bond Market ETF
    
31,196
      
2,315,679
  
Vanguard Total International Bond ETF
    
57,580
      
2,796,661
  
TOTAL EXCHANGE TRADED FUNDS (Cost $55,478,656)
      
64,554,677
  
                 
SHORT-TERM INVESTMENTS – 19.0%
Shares
  
Value
 
Investments Purchased with Proceeds from Securities Lending - 18.3%
                
First American Government Obligations Fund - Class X, 3.60% (d)
    
11,886,887
      
11,886,887
  
                 
Money Market Funds - 0.7%
                
First American Treasury Obligations Fund - Class X, 3.60% (d)
    
443,200
      
443,200
  
TOTAL SHORT-TERM INVESTMENTS (Cost $12,330,087)
      
12,330,087
  
                 
TOTAL INVESTMENTS - 118.3% (Cost $67,808,743)
      
76,884,764
  
Liabilities in Excess of Other Assets - (18.3)%
      
(11,876,338
)
TOTAL NET ASSETS - 100.0%
          
$
65,008,426
  
                 
Percentages are stated as a percent of net assets.
          

EM – Emerging Markets
FTSE – Financial Times Stock Exchange
SPDR – Standard & Poor’s Depository Receipt
TIPS – Treasury Inflation Protected Security

(a)
Non-income producing security.
(b)
All or a portion of this security is on loan as of January 31, 2026. The fair value of these securities was $11,316,530.
(c)
Affiliated security as defined by the Investment Company Act of 1940.
(d)
The rate shown represents the 7-day annualized yield as of January 31, 2026.
Summary of Fair Value Disclosure as of January 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 January 31, 2026:

   
Level 1
    
Level 2
    
Level 3
    
Total
  
Investments:
                        
  Exchange Traded Funds
  
$
64,554,677
    
$
–
    
$
–
    
$
64,554,677
  
  Investments Purchased with Proceeds from Securities Lending
    
11,886,887
      
–
      
–
      
11,886,887
  
  Money Market Funds
    
443,200
      
–
      
–
      
443,200
  
Total Investments
  
$
76,884,764
    
$
–
    
$
–
    
$
76,884,764
  
   
Refer to the Schedule of Investments for further disaggregation of investment categories.
  
   
   


Transactions with affiliated companies during the period ended January 31, 2026, were as follows

Security Name
Market Value as of
April 30, 2025
Purchases
Sales
Market Value as of
January 31, 2026
Share Balance as of
January 31, 2026
Dividend Income
Change in Unrealized
Gain (Loss)
Realized Gain
(Loss)
Cambria Emerging Shareholder Yield ETF
$4,924,593
$655,523
$(654,655)
$6,479,755
154,685
$309,103
$1,585,801
$(31,507)
Cambria Foreign Shareholder Yield ETF
2,549,071
945,970
(103,359)
4,407,888
124,587
155,898
986,940
20,266
Cambria Global Real Estate ETF
3,495,521
545,706
(113,192)
4,222,508
166,111
194,075
280,249
14,224
Cambria Global Value ETF
3,696,455
461,701
(831,526)
4,498,277
129,298
114,613
1,167,353
4,294
Cambria LargeCap Shareholder Yield ETF
1,043,456
139,596
(63,994)
1,308,393
45,267
26,576
186,659
2,676
Cambria Micro and SmallCap Shareholder Yield ETF
927,207
200,379
(34,673)
1,460,715
50,790
23,072
360,181
7,621
Cambria Shareholder Yield ETF
1,870,315
405,986
(65,088)
2,663,567
36,239
35,951
417,828
34,526
Cambria Tactical Yield ETF
3,118,565
388,760
(113,097)
3,373,237
133,620
124,821
(22,138)
1,147
Cambria Value and Momentum ETF
2,314,147
297,673
(397,182)
2,674,349
76,214
11,520
331,061
128,650
 
$23,939,330
$4,050,294
$(2,376,766)
$31,088,689
916,811
$995,629
$5,293,934
$181,897