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

EXCHANGE TRADED FUNDS - 99.8%

Shares  

Value  
Cambria Chesapeake Pure Trend ETF (a)(b)

            210,436

    $        4,052,955
Cambria Emerging Shareholder Yield ETF (b)(c)

            176,957

             8,028,539
Cambria Foreign Shareholder Yield ETF (b)

            226,459

             8,902,103
Cambria Global Value ETF (b)

            238,372

             8,912,729
Cambria Micro and SmallCap Shareholder Yield ETF (b)

            236,750

             7,840,142
FlexShares Morningstar Global Upstream Natural Resources Index Fund

            75,914

             3,973,339
Grizzle Growth ETF (b)

            71,116

             3,891,994
Invesco DB Base Metals Fund

            167,995

             4,226,754
Invesco DB Energy Fund

            133,903

             4,183,130
Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF

            231,537

             4,065,790
iShares Global Energy ETF

            78,535

             4,376,756
iShares Global Industrials ETF (c)

            21,652

             4,292,725
iShares Global Tech ETF

            28,481

             3,778,859
TOTAL EXCHANGE TRADED FUNDS (Cost $63,376,807)

             70,525,815






SHORT-TERM INVESTMENTS - 0.8%
Shares  

Value  
Investments Purchased with Proceeds from Securities Lending – 0.5%




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

            379,300

             379,300





Money Market Funds – 0.3%




First American Government Obligations Fund - Class X, 3.58% (d)

            174,908

             174,908
TOTAL SHORT-TERM INVESTMENTS (Cost $554,208)

             554,208






TOTAL INVESTMENTS - 100.6% (Cost $63,931,015)

             71,080,023
Liabilities in Excess of Other Assets - (0.6)%
(0.00583)
            (411,827)
TOTAL NET ASSETS - 100.0%




    $        70,668,196


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)

All or a portion of this security is on loan as of July 31, 2026. The fair value of these securities was $370,169 or 0.5% of the Fund’s net assets.
(d)

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














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

Cambria Global Momentum 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
    $        70,525,815

    $        –

    $        –

    $        70,525,815
  Investments Purchased with Proceeds from Securities Lending
            379,300

            –

            –

            379,300
  Money Market Funds
            174,908

            –

            –

            174,908
Total Investments
    $        71,080,023

    $        –

    $        –

    $        71,080,023




 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 Chesapeake Pure Trend ETF
$
- 
$
4,622,188 
$
(467,348)
$
4,052,955 
210,436 
$
- 
$
(77,051)
$
(24,834)
 Cambria Emerging Shareholder Yield ETF
8,674,138 
3,721,962 
(4,377,310)
8,028,539 
176,957 
33,632 
(1,028,236)
1,037,985 
Cambria Foreign Shareholder Yield ETF
17,142,815 
1,104,286 
(9,382,567)
8,902,103 
226,459 
81,132 
(2,275,183)
2,312,752 
Cambria Global Value ETF
16,415,996 
1,123,145 
(9,056,753)
8,912,729 
238,372 
79,236 
(2,018,713)
2,449,054 
Cambria Micro and SmallCap Shareholder Yield ETF
8,443,592 
3,625,566 
(4,683,368)
7,840,142 
236,750 
25,824 
94,673 
359,679 
Grizzle Growth ETF
8,894,913 
616,486 
(5,674,155)
3,891,994 
71,116 
- 
(1,136,815)
1,191,565 
$
59,571,454 
$
14,813,633 
$
(33,641,501)
$
41,628,462 
1,160,090 
$
219,824 
$
(6,441,325)
$
7,326,201