| Sector Weightings | ||||
| Cambria Micro and Small Cap Shareholder Yield ETF | ||||
| Common Stocks | 93.90 | % | ||
| Closed End Funds | 6.10 | % | ||
| 100.0 | % | |||
| Percentages based on total investments. | ||||
| Cambria Micro and Small Cap Shareholder Yield ETF | ||||||||
| Schedule of Investments | ||||||||
| January 31, 2024 (Unaudited) | ||||||||
| Shares | Value | |||||||
Common Stocks – 90.6% Communication Services - 5.2% | ||||||||
| Nexstar Media Group, Inc. | 874 | $ | 155,319 | |||||
| Scholastic Corp. | 3,726 | 143,227 | ||||||
| Sinclair, Inc. | 10,327 | 162,134 | ||||||
| Spok Holdings, Inc. | 9,315 | 154,256 | ||||||
| TEGNA, Inc. | 9,131 | 142,352 | ||||||
757,288 | ||||||||
| Consumer Discretionary - 15.3% | ||||||||
| Academy Sports & Outdoors, Inc. | 2,093 | 131,294 | ||||||
Asbury Automotive Group, Inc.(a) | 621 | 129,826 | ||||||
| Buckle, Inc. | 2,967 | 110,343 | ||||||
| Carter's, Inc. | 1,863 | 140,917 | ||||||
| Ethan Allen Interiors, Inc. | 4,485 | 130,648 | ||||||
| Foot Locker, Inc. | 4,600 | 129,536 | ||||||
| KB Home | 2,300 | 137,057 | ||||||
Landsea Homes Corp.(a) | 11,408 | 143,626 | ||||||
ODP Corp.(a) | 2,530 | 129,384 | ||||||
| Patrick Industries, Inc. | 1,426 | 143,156 | ||||||
| Perdoceo Education Corp. | 7,912 | 143,207 | ||||||
Solo Brands, Inc. - Class A(a) | 23,000 | 64,170 | ||||||
| Steven Madden Ltd. | 3,358 | 140,633 | ||||||
| Sturm Ruger & Co., Inc. | 3,151 | 137,573 | ||||||
| Travel + Leisure Co. | 3,473 | 140,379 | ||||||
Under Armour, Inc. - Class C(a) | 17,043 | 126,118 | ||||||
| Upbound Group, Inc. | 4,163 | 138,212 | ||||||
2,216,079 | ||||||||
| Consumer Staples - 2.0% | ||||||||
| Cal-Maine Foods, Inc. | 2,553 | 141,487 | ||||||
| Edgewell Personal Care Co. | 3,864 | 143,161 | ||||||
284,648 | ||||||||
| Energy - 13.1% | ||||||||
| Berry Corp. | 19,987 | 134,113 | ||||||
| California Resources Corp. | 2,599 | 123,920 | ||||||
CNX Resources Corp.(a) | 6,946 | 140,309 | ||||||
| CONSOL Energy, Inc. | 1,403 | 132,724 | ||||||
| CVR Energy, Inc. | 4,600 | 155,158 | ||||||
| Dorian LPG Ltd. | 3,266 | 122,279 | ||||||
| Helmerich & Payne, Inc. | 3,887 | 156,491 | ||||||
| International Seaways, Inc. | 3,036 | 162,851 | ||||||
| Liberty Energy, Inc. | 7,820 | 162,578 | ||||||
Newpark Resources, Inc.(a) | 21,873 | 141,956 | ||||||
| Overseas Shipholding Group, Inc. | 27,830 | 169,762 | ||||||
| Peabody Energy Corp. | 5,773 | 154,139 | ||||||
| SM Energy Co. | 3,611 | 133,896 | ||||||
1,890,176 | ||||||||
| Financials - 23.0% | ||||||||
American Equity Investment Life Holding Co.(a) | 2,553 | 140,951 | ||||||
Brighthouse Financial, Inc.(a) | 2,668 | 138,122 | ||||||
| Cathay General Bancorp | 3,151 | 129,727 | ||||||
| CNO Financial Group, Inc. | 5,083 | 138,156 | ||||||
| Employers Holdings, Inc. | 3,565 | 148,733 | ||||||
| Enact Holdings, Inc. | 4,945 | 140,883 | ||||||
| First Busey Corp. | 5,681 | 133,731 | ||||||
Genworth Financial, Inc.(a) | 21,252 | 131,125 | ||||||
| Horace Mann Educators Corp. | 4,232 | 155,866 | ||||||
| International Bancshares Corp. | 2,599 | 137,383 | ||||||
| Jackson Financial, Inc. | 2,806 | 140,496 | ||||||
| Lincoln National Corp. | 5,152 | 141,422 | ||||||
Marqeta, Inc. - Class A(a) | 20,907 | 125,651 | ||||||
| MGIC Investment Corp. | 7,360 | 146,022 | ||||||
Mr Cooper Group, Inc.(a) | 2,208 | 148,731 | ||||||
| Navient Corp. | 7,659 | 131,888 | ||||||
| Pathward Financial, Inc. | 2,668 | 138,149 | ||||||
PROG Holdings, Inc.(a) | 4,554 | 139,535 | ||||||
| Radian Group, Inc. | 4,945 | 143,306 | ||||||
The Bancorp Inc.(a) | 3,657 | 159,592 | ||||||
| The Western Union Co. | 11,730 | 147,446 | ||||||
Triumph Financial, Inc.(a) | 1,771 | 125,121 | ||||||
| Universal Insurance Holdings, Inc. | 8,809 | 146,406 | ||||||
| Westamerica BanCorp | 2,484 | 118,536 | ||||||
3,346,978 | ||||||||
| Health Care - 3.4% | ||||||||
Cullinan Oncology, Inc.(a) | 13,340 | 201,967 | ||||||
Innoviva, Inc.(a) | 8,694 | 140,843 | ||||||
| Patterson Cos., Inc. | 4,922 | 146,971 | ||||||
489,781 | ||||||||
| Industrials - 20.1% | ||||||||
| ACCO Brands Corp. | 22,632 | 137,603 | ||||||
| Apogee Enterprises, Inc. | 2,668 | 140,897 | ||||||
Atkore, Inc.(a) | 851 | 129,803 | ||||||
| Brady Corp. - Class A | 2,323 | 139,914 | ||||||
| Deluxe Corp. | 6,601 | 124,825 | ||||||
| Encore Wire Corp. | 644 | 145,222 | ||||||
| First Advantage Corp. | 8,763 | 143,450 | ||||||
| Genco Shipping & Trading Ltd. | 8,671 | 152,089 | ||||||
GMS, Inc.(a) | 1,771 | 149,047 | ||||||
| Greenbrier Cos., Inc. | 3,220 | 146,381 | ||||||
HireRight Holdings Corp.(a) | 10,925 | 135,470 | ||||||
| Insteel Industries, Inc. | 3,795 | 131,421 | ||||||
| Kelly Services, Inc. - Class A | 6,601 | 135,651 | ||||||
| Kennametal, Inc. | 5,566 | 136,478 | ||||||
| ManpowerGroup, Inc. | 1,771 | 131,302 | ||||||
| Matson, Inc. | 1,265 | 141,718 | ||||||
| MillerKnoll, Inc. | 5,382 | 143,107 | ||||||
| Pangaea Logistics Solutions Ltd. | 17,871 | 166,558 | ||||||
Proto Labs, Inc.(a) | 3,703 | 133,641 | ||||||
SkyWest, Inc.(a) | 2,737 | 145,773 | ||||||
| Wabash National Corp. | 5,589 | 141,402 | ||||||
2,951,752 | ||||||||
| Information Technology - 2.9% | ||||||||
DXC Technology Co.(a) | 6,210 | 135,378 | ||||||
| Immersion Corp. | 20,240 | 138,239 | ||||||
| Xerox Holdings Corp. | 7,866 | 145,207 | ||||||
418,824 | ||||||||
| Materials - 4.7% | ||||||||
| Alpha Metallurgical Resources, Inc. | 414 | 165,286 | ||||||
| Kronos Worldwide, Inc. | 14,306 | 133,189 | ||||||
LSB Industries, Inc.(a) | 15,019 | 111,741 | ||||||
| Ryerson Holding Corp. | 4,186 | 143,664 | ||||||
| Sylvamo Corp. | 2,829 | 131,350 | ||||||
685,230 | ||||||||
| Utilities - 0.9% | ||||||||
| ALLETE, Inc. | 2,277 | 134,593 | ||||||
Total Common Stocks (Cost $12,854,819) | 13,175,349 | |||||||
| Closed End Funds - 5.9% | ||||||||
| Bain Capital Specialty Finance, Inc. | 9,361 | 142,194 | ||||||
| BlackRock TCP Capital Corp. | 12,259 | 140,733 | ||||||
| Carlyle Secured Lending, Inc. | 9,499 | 145,810 | ||||||
| CION Investment Corp. | 12,650 | 141,554 | ||||||
| Goldman Sachs BDC, Inc. | 9,683 | 146,503 | ||||||
| PennantPark Investment Corp. | 20,608 | 145,080 | ||||||
Total Closed End Funds (Cost $856,602) | 861,874 | |||||||
| Short-Term Investments - 3.3% | ||||||||
Money Market Funds - 3.3% | ||||||||
First American Treasury Obligations Fund - Class X, 5.25%(b) | 478,153 | 478,153 | ||||||
Total Short-Term Investments (Cost $478,153) | 478,153 | |||||||
Total Investments - 99.8% (Cost $14,189,574) | 14,515,376 | |||||||
| Other Assets in Excess of Liabilities - 0.2% | 23,362 | |||||||
| Total Net Assets - 100.0% | $ | 14,538,738 | ||||||
| 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. |
| Cambria Micro and Small Cap Shareholder Yield ETF | ||||||||||||||||
Level 1 | Level 2 | Level 3 | Total | |||||||||||||
| Assets: | ||||||||||||||||
| Common Stocks | $ | 13,175,349 | $ | – | $ | – | $ | 13,175,349 | ||||||||
| Closed End Funds | 861,874 | – | – | 861,874 | ||||||||||||
| Short-Term Investments | 478,153 | – | – | 478,153 | ||||||||||||
| Total Assets | $ | 14,515,376 | $ | – | $ | – | $ | 14,515,376 | ||||||||
| Refer to the Schedule of Investments for industry classifications. | ||||||||||||||||