| Sector Weightings | ||||
| Cambria Shareholder Yield ETF | ||||
| Energy | 22.8 | % | ||
| Financials | 19.8 | % | ||
| Materials | 18.4 | % | ||
| Consumer Discretionary | 16.8 | % | ||
| Industrials | 10.0 | % | ||
| Health Care | 6.2 | % | ||
| Communication Services | 3.0 | % | ||
| Information Technology | 2.1 | % | ||
| Consumer Staples | 0.9 | % | ||
| 100.0 | % | |||
| Percentages based on total investments. | ||||
| Cambria Shareholder Yield ETF | ||||||||
| Schedule of Investments | ||||||||
| January 31, 2024 (Unaudited) | ||||||||
| Shares | Value | |||||||
| Common Stocks – 99.2% | ||||||||
| Communication Services - 3.0% | ||||||||
| Comcast Corp. - Class A | 223,149 | $ | 10,385,354 | |||||
| Fox Corp. - Class A | 274,164 | 8,855,497 | ||||||
| Verizon Communications, Inc. | 287,330 | 12,168,426 | ||||||
31,409,277 | ||||||||
| Consumer Discretionary - 16.7% | ||||||||
| Academy Sports & Outdoors, Inc. | 171,920 | 10,784,542 | ||||||
Adtalem Global Education, Inc.(a) | 232,624 | 11,742,860 | ||||||
| Advance Auto Parts, Inc. | 93,032 | 6,219,189 | ||||||
AutoNation, Inc.(a) | 102,584 | 14,326,881 | ||||||
| Big 5 Sporting Goods Corp. | 587,411 | 2,954,677 | ||||||
| Carter's, Inc. | 142,432 | 10,773,556 | ||||||
| Dillard's, Inc. - Class A | 32,390 | 12,543,675 | ||||||
| Ethan Allen Interiors, Inc. | 342,786 | 9,985,356 | ||||||
| Haverty Furniture Cos., Inc. | 265,298 | 8,993,602 | ||||||
| KB Home | 210,746 | 12,558,354 | ||||||
ODP Corp.(a) | 184,424 | 9,431,443 | ||||||
| Penske Automotive Group, Inc. | 95,007 | 14,096,189 | ||||||
| PulteGroup, Inc. | 130,591 | 13,654,595 | ||||||
| Tapestry, Inc. | 242,144 | 9,392,766 | ||||||
| Toll Brothers, Inc. | 148,502 | 14,753,675 | ||||||
Under Armour, Inc. - Class C(a) | 1,236,719 | 9,151,721 | ||||||
| Whirlpool Corp. | 56,945 | 6,236,616 | ||||||
| 177,599,697 | ||||||||
| Consumer Staples - 0.9% | ||||||||
| Cal-Maine Foods, Inc. | 163,736 | 9,074,249 | ||||||
| Energy - 22.6% | ||||||||
| APA Corp. | 215,421 | 6,749,140 | ||||||
| California Resources Corp. | 191,104 | 9,111,839 | ||||||
| Chevron Corp. | 64,959 | 9,576,905 | ||||||
| Chord Energy Corp. | 64,690 | 9,946,734 | ||||||
| Civitas Resources, Inc. | 138,915 | 9,003,081 | ||||||
CNX Resources Corp.(a) | 561,849 | 11,349,350 | ||||||
| ConocoPhillips | 85,654 | 9,582,113 | ||||||
| CONSOL Energy, Inc. | 163,548 | 15,471,641 | ||||||
| Coterra Energy, Inc. | 369,493 | 9,192,986 | ||||||
| CVR Energy, Inc. | 464,011 | 15,651,091 | ||||||
| Devon Energy Corp. | 158,227 | 6,648,699 | ||||||
| EOG Resources, Inc. | 80,274 | 9,134,378 | ||||||
| Exxon Mobil Corp. | 107,180 | 11,019,176 | ||||||
| HF Sinclair Corp. | 163,580 | 9,240,634 | ||||||
| Marathon Oil Corp. | 352,600 | 8,056,910 | ||||||
| Marathon Petroleum Corp. | 85,108 | 14,093,885 | ||||||
| PBF Energy, Inc. - Class A | 236,616 | 11,951,474 | ||||||
| Peabody Energy Corp. | 447,469 | 11,947,422 | ||||||
| Pioneer Natural Resources Co. | 38,932 | 8,947,742 | ||||||
| Plains GP Holdings LP - Class A | 776,340 | 12,561,181 | ||||||
| Range Resources Corp. | 321,347 | 9,331,917 | ||||||
| SM Energy Co. | 248,091 | 9,199,214 | ||||||
| Valero Energy Corp. | 89,133 | 12,380,574 | ||||||
| 240,148,086 | ||||||||
| Financials - 19.7% | ||||||||
| Affiliated Managers Group, Inc. | 64,959 | 9,668,498 | ||||||
| Aflac, Inc. | 154,905 | 13,064,688 | ||||||
| American Financial Group, Inc. | 68,955 | 8,302,182 | ||||||
| Ameriprise Financial, Inc. | 39,093 | 15,122,345 | ||||||
| Assured Guaranty Ltd. | 188,174 | 15,266,557 | ||||||
| Cathay General Bancorp | 235,354 | 9,689,524 | ||||||
| Discover Financial Services | 79,030 | 8,339,246 | ||||||
| Federated Hermes, Inc. - Class B | 278,164 | 9,724,613 | ||||||
| Jefferies Financial Group, Inc. | 286,896 | 11,693,881 | ||||||
| Lincoln National Corp. | 216,248 | 5,936,008 | ||||||
| Loews Corp. | 156,269 | 11,385,759 | ||||||
| MetLife, Inc. | 135,729 | 9,408,734 | ||||||
Mr. Cooper Group, Inc.(a) | 191,099 | 12,872,429 | ||||||
| PennyMac Financial Services, Inc. | 139,070 | 12,129,685 | ||||||
| Principal Financial Group, Inc. | 141,461 | 11,189,565 | ||||||
PROG Holdings, Inc.(a) | 301,899 | 9,250,185 | ||||||
| SLM Corp. | 498,273 | 9,905,667 | ||||||
| Synchrony Financial | 196,302 | 7,630,259 | ||||||
| Victory Capital Holdings, Inc. - Class A | 314,782 | 10,617,597 | ||||||
| Western Union Co. | 623,265 | 7,834,441 | ||||||
| 209,031,863 | ||||||||
| Health Care - 6.1% | ||||||||
AMN Healthcare Services, Inc.(a) | 109,896 | 8,133,403 | ||||||
Centene Corp.(a) | 148,361 | 11,173,067 | ||||||
| Cigna Group | 35,725 | 10,751,439 | ||||||
| McKesson Corp. | 23,213 | 11,603,947 | ||||||
| Universal Health Services, Inc. - Class B | 72,237 | 11,471,958 | ||||||
| Viatris, Inc. | 994,147 | 11,701,110 | ||||||
64,834,924 | ||||||||
| Industrials - 9.9% | ||||||||
Atkore, Inc.(a) | 78,801 | 12,019,517 | ||||||
| Brady Corp. - Class A | 183,095 | 11,027,812 | ||||||
Builders FirstSource, Inc.(a) | 72,112 | 12,528,018 | ||||||
| Encore Wire Corp. | 48,715 | 10,985,233 | ||||||
| ManpowerGroup, Inc. | 106,434 | 7,891,017 | ||||||
| Matson, Inc. | 118,228 | 13,245,082 | ||||||
| Owens Corning | 99,971 | 15,148,605 | ||||||
| Ryder System, Inc. | 100,509 | 11,414,807 | ||||||
| Textron, Inc. | 135,103 | 11,444,575 | ||||||
| 105,704,666 | ||||||||
| Information Technology - 2.0% | ||||||||
Arrow Electronics, Inc.(a) | 75,390 | 8,379,599 | ||||||
DXC Technology Co.(a) | 300,833 | 6,558,159 | ||||||
| Xerox Holdings Corp. | 377,907 | 6,976,163 | ||||||
21,913,921 | ||||||||
| Materials - 18.3% | ||||||||
| Alpha Metallurgical Resources, Inc. | 40,335 | 16,103,346 | ||||||
| Arch Resources, Inc. | 66,026 | 11,683,961 | ||||||
| Berry Global Group, Inc. | 159,000 | 10,408,140 | ||||||
| Dow, Inc. | 175,644 | 9,414,518 | ||||||
| DuPont de Nemours, Inc. | 133,069 | 8,223,664 | ||||||
| Eastman Chemical Co. | 121,531 | 10,153,915 | ||||||
| Greif, Inc. - Class A | 139,445 | 8,730,651 | ||||||
| Huntsman Corp. | 300,785 | 7,381,264 | ||||||
| International Paper Co. | 211,162 | 7,565,934 | ||||||
| LyondellBasell Industries NV - Class A | 89,943 | 8,465,435 | ||||||
| Mosaic Co. | 290,319 | 8,915,696 | ||||||
| Nucor Corp. | 87,200 | 16,300,297 | ||||||
| Olin Corp. | 167,960 | 8,745,677 | ||||||
| Ryerson Holding Corp. | 402,430 | 13,811,398 | ||||||
| Steel Dynamics, Inc. | 100,460 | 12,124,517 | ||||||
| Sylvamo Corp. | 187,601 | 8,710,314 | ||||||
| United States Steel Corp. | 286,522 | 13,472,264 | ||||||
| Warrior Met Coal, Inc. | 222,415 | 14,272,372 | ||||||
| 194,483,363 | ||||||||
| Total Common Stocks (Cost $969,512,989) | 1,054,200,046 | |||||||
| Short-Term Investments - 0.8% | ||||||||
Money Market Funds - 0.8% | ||||||||
First American Treasury Obligations Fund - Class X, 5.25%(b) | 8,174,094 | 8,174,094 | ||||||
| Total Short-Term Investments (Cost $8,174,094) | 8,174,094 | |||||||
| Total Investments - 100.0% (Cost $977,687,083) | 1,062,374,140 | |||||||
Other Assets in Excess of Liabilities - 0.0%(c) | 345,975 | |||||||
| Total Net Assets - 100.0% | $ | 1,062,720,115 | ||||||
| Percentages are stated as a percent of net assets. | ||||||||
| (a) | Non-income producing security. |
| (b) | The rate shown represents the 7-day effective yield as of January 31, 2024. |
| (c) | Represents less than 0.05% of net assets. |
| Cambria Shareholder Yield ETF | ||||||||||||||||
| Level 1 | Level 2 | Level 3 | Total | |||||||||||||
| Investments: | ||||||||||||||||
| Common Stocks | $ | 1,054,200,046 | $ | – | $ | – | $ | 1,054,200,045 | ||||||||
| Short-Term Investments | 8,174,094 | – | – | 8,174,094 | ||||||||||||
| Total Investments | $ | 1,062,374,140 | $ | – | $ | – | $ | 1,062,374,140 | ||||||||
Refer to the Schedule of Investments for industry classifications. | ||||||||||||||||