Cambria Global Real Estate ETF (BLDG) NPORT-P Cambria Global Value ETF (Jul 2024 report)

  Cambria Global Value ETF

Schedule of Investments

July 31, 2024 (Unaudited)

Sector Weightings
Cambria Global Value ETF
Financials	35.0	%	(a)
Utilities	15.7	%
Materials	11.2	%
Real Estate	8.7	%
Industrials	8.3	%
Energy	7.7	%
Communication Services	4.7	%
Consumer Staples	4.1	%
Information Technology	2.9	%
Consumer Discretionary	1.7	%
	100.00	%

Percentages are stated as a percent of total investments, excluding short-term investments.

(a)      To the extent that the Fund invests more heavily in a particular industry or sector of the economy, its performance will be especially sensitive to developments that significantly affect those industries or sectors.

	Shares		Value
Common Stocks - 94.8%
Austria - 9.4%
ANDRITZ AG		15,322	$	980,840
AT&S Austria Technologie & Systemtechnik AG (a)		38,653		824,514
BAWAG Group AG		15,027		1,096,938
Erste Group Bank AG		19,308		1,004,685
EVN AG		30,865		1,008,791
OMV AG		19,669		823,799
Raiffeisen Bank International AG		47,228		920,537
Verbund AG		12,193		976,496
Voestalpine AG		34,800		891,091
Wienerberger AG		26,679		945,892
				9,473,583
Brazil - 5.8%
Atacadao SA (a)		409,382		669,499
Banco Santander Brasil SA		173,842		877,485
Centrais Eletricas Brasileiras SA		129,280		901,919
JBS SA (a)		153,822		917,033
Telefonica Brasil SA		96,960		830,549
TIM SA		275,110		844,861
Vale SA		75,218		816,791
				5,858,137
Chile - 8.8%
Banco Itau Chile SA		83,885		936,128
Banco Santander Chile		19,689,524		980,426
CAP SA (a)		127,350		717,960
Cencosud SA		537,523		993,579
Cia Sud Americana de Vapores SA		12,101,689		831,684
Colbun SA		7,175,780		933,280
Empresas CMPC SA		448,947		779,803
Empresas Copec SA		123,928		863,138
Enel Americas SA		9,222,288		863,113
Quinenco SA		266,514		928,678
				8,827,789
China - 8.6%
Bank of China Ltd. - Class H		1,810,715		806,529
China Construction Bank Corp. - Class H		1,192,724		835,060
China Life Insurance Co. Ltd. - Class H		622,938		865,895
China Railway Group Ltd. - Class H		1,797,166		876,403
CITIC Ltd.		1,007,784		930,022
COSCO SHIPPING Holdings Co. Ltd. - Class H		489,451		697,887
People's Insurance Co. Group of China Ltd. - Class H		2,825,516		951,139
PetroChina Co. Ltd. - Class H		995,052		867,328
PICC Property & Casualty Co. Ltd. - Class H		733,558		961,446
Postal Savings Bank of China Co. Ltd. - Class H		1,532,755		820,048
ZEEKR Intelligent Technology Holding Ltd. - ADR (a)		37		624
				8,612,381
Colombia - 7.8%
Bancolombia SA		108,618		1,006,545
Celsia SA ESP		866,975		847,499
Cementos Argos SA		428,328		880,762
Ecopetrol SA		1,575,421		845,849
Grupo Argos SA		226,468		933,599
Grupo Bolivar SA		55,507		787,867
Grupo de Inversiones Suramericana SA		90,492		696,951
Grupo Energia Bogota SA ESP		1,555,138		938,610
Interconexion Electrica SA ESP		199,311		869,863
				7,807,545
Czech Republic - 8.9%
CEZ AS		65,410		2,518,865
Komercni Banka AS		69,101		2,388,870
Moneta Money Bank AS		571,065		2,616,073
Philip Morris CR AS		2,207		1,443,264
				8,967,072
Greece - 0.0%(b)
FF Group (a)(c)(d)		25,407		–
Hong Kong - 8.5%
BOC Hong Kong Holdings Ltd.		309,486		901,183
China Overseas Land & Investment Ltd.		504,785		817,957
China Resources Land Ltd.		256,276		769,203
CK Asset Holdings Ltd.		227,218		869,570
CK Hutchison Holdings Ltd.		194,898		1,022,779
Geely Automobile Holdings Ltd.		808,970		824,206
Sino Land Co. Ltd.		895,156		925,765
Swire Pacific Ltd. - Class A		100,784		868,800
Swire Properties Ltd.		469,810		743,244
Wharf Real Estate Investment Co. Ltd.		308,506		758,940
				8,501,647
Poland - 8.7%
Alior Bank SA		36,012		861,846
Asseco Poland SA		47,364		1,003,753
Jastrzebska Spolka Weglowa SA (a)		111,830		752,737
KGHM Polska Miedz SA		24,499		841,212
Orange Polska SA		466,005		933,727
ORLEN SA		54,711		892,646
PGE Polska Grupa Energetyczna SA (a)		500,546		921,862
Powszechny Zaklad Ubezpieczen SA		71,447		874,589
Tauron Polska Energia SA (a)		912,627		874,475
XTB SA		50,619		806,849
				8,763,696
Russia - 0.0%(b)
Alrosa PJSC (a)(c)(d)		1,262,976		–
Gazprom Neft PJSC (a)(c)(d)		334,880		–
Gazprom PJSC (a)(c)(d)		373,048		–
Rosneft Oil Co. PJSC (a)(c)(d)		198,016		–
Sberbank of Russia PJSC (a)(c)(d)		287,609		–
Severstal PAO (a)(c)(d)		82,992		–
Unipro PJSC (a)(c)(d)		22,421,984		–
				–
Singapore - 9.4%
CapitaLand Investment Ltd.		479,700		968,946
Genting Singapore Ltd.		1,332,200		847,138
Jardine Cycle & Carriage Ltd.		47,000		912,785
Oversea-Chinese Banking Corp. Ltd.		89,400		993,185
Sembcorp Industries Ltd.		232,700		830,388
Singapore Airlines Ltd.		193,000		1,006,366
Singapore Telecommunications Ltd.		436,685		1,006,202
United Overseas Bank Ltd.		40,300		975,316
UOL Group Ltd.		217,000		873,390
Venture Corp. Ltd.		87,500		989,096
				9,402,812
Spain - 9.3%
Acciona SA		7,908		1,022,734
Acerinox SA		87,001		912,380
Banco Bilbao Vizcaya Argentaria SA		80,635		846,842
Banco Santander SA		181,055		872,944
CaixaBank SA		173,858		1,013,419
Endesa SA		49,874		966,174
Iberdrola SA		74,485		981,848
Mapfre SA		377,660		914,722
Repsol SA		57,133		814,640
Unicaja Banco SA		744,846		1,001,189
				9,346,892
United Kingdom - 9.6%
Anglo American PLC		28,430		858,879
Aviva PLC - Class B		157,011		1,009,627
Barclays PLC		384,439		1,155,472
BP PLC		141,282		833,384
Legal & General Group PLC		291,998		869,748
Lloyds Banking Group PLC		1,439,508		1,102,559
Rio Tinto PLC		14,124		912,573
Segro PLC - REIT		85,046		1,001,249
Shell PLC		25,530		932,087
Vodafone Group PLC		1,061,538		988,556
				9,664,134
Total Common Stocks (Cost $105,227,090)				95,225,688
Preferred Stocks - 3.2%
Brazil - 2.4%
Gerdau SA, 0.00%		250,938		810,558
Itau Unibanco Holding SA, 0.00%		147,594		886,949
Petroleo Brasileiro SA, 0.00%		114,098		751,623
				2,449,130
Colombia - 0.8%
Banco Davivienda SA, 0.00%		171,332		782,434
Total Preferred Stocks (Cost $3,319,584)				3,231,564
Short-Term Investments - 0.7%
Money Market Funds - 0.7%
First American Treasury Obligations Fund - Class X, 5.20% (e)		715,010		715,010
Total Short-Term Investments (Cost $715,010)				715,010
Total Investments - 98.7% (Cost $109,261,684)				99,172,262
Other Assets in Excess of Liabilities - 1.3%				1,343,302
Total Net Assets - 100.0%			$	100,515,564
Percentages are stated as a percent of net assets.

ADR - American Depositary Receipt

AG – Aktiengesellschaft

AS – Turkish Joint Stock Company

PAO – Russian Public Stock Company

PJSC - Public Joint Stock Company

PLC - Public Limited Company

SA - Sociedad Anónima

(a)	Non-income producing security.
(b)	Represents less than 0.05% of net assets.
(c)	Fair value determined using significant unobservable inputs in accordance with procedures established by and under the supervision of the Adviser, acting as Valuation Designee. These securities represented $0 or 0.0% of net assets as of July 31, 2024.
(d)	These securities are considered to be illiquid. The aggregate value of these securities on July 31, 2024, was $0, which represents 0.00% of the Fund’s net assets.
(e)	The rate shown represents the 7-day annualized effective yield as of July 31, 2024.

The Global Industry Classification Standard (GICS^®) was developed by and/or is the exclusive property of MSCI, Inc. ("MSCI") and Standard & Poor Financial Services LLC ("S&P"). GICS is a service mark of MSCI and S&P and has been licensed for use by U.S. Bank Global Fund Services.

Cambria Global Value ETF

	Level 1		Level 2		Level 3(a)		Total
Investments:
Common Stocks	$	95,225,688	$	–	$	–	$	95,225,688
Preferred Stocks		3,231,564		–		–		3,231,564
Money Market Funds		715,010		–		–		715,010
Total Investments	$	99,172,262	$	–	$	–	$	99,172,262

(a) A reconciliation of Level 3 investments is 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.  

Refer to the Schedule of Investments for country classifications.