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

Cambria Value and Momentum ETF
Schedule of Investments
July 31, 2024 (Unaudited)
Sector Weightings
Cambria Value and Momentum ETF
Financials	28.8	%	(a)
Consumer Discretionary	24.0	%
Industrials	17.6	%
Energy	10.2	%
Information Technology	7.5	%
Materials	6.7	%
Health Care	2.8	%
Utilities	1.5	%
Communication Services	0.9	%
	100.0	%
Percentages are stated as a percent of total investments, excluding short-term investments.

(a)      To the extent that the Fund invests a significant portion of its assets in securities of companies of a single sector, it is more likely to be impacted by events or conditions affecting the sector.

	Shares		Value
Common Stocks - 88.2%
Communication Services - 0.8%
Telephone and Data Systems, Inc.		20,109	$	426,311
Consumer Discretionary - 21.2%
Beazer Homes USA, Inc. (a)		13,654		459,730
Beyond, Inc. (a)		12,607		142,459
Caleres, Inc.		10,579		407,926
DR Horton, Inc.		3,607		649,008
General Motors Co.		8,242		365,285
G-III Apparel Group Ltd. (a)		9,135		251,852
KB Home		5,605		482,478
Lennar Corp. - Class A		3,370		596,254
M/I Homes, Inc. (a)		5,363		894,709
Meritage Homes Corp.		3,049		618,551
Patrick Industries, Inc.		4,779		611,999
Perdoceo Education Corp.		27,336		677,659
PulteGroup, Inc.		6,097		804,804
PVH Corp.		3,533		360,331
Taylor Morrison Home Corp. (a)		9,105		610,763
Thor Industries, Inc.		3,776		400,785
Toll Brothers, Inc.		5,935		846,984
Tri Pointe Homes, Inc. (a)		9,028		408,517
Upbound Group, Inc.		9,730		367,113
Urban Outfitters, Inc. (a)		9,475		436,324
Williams-Sonoma, Inc.		3,078		476,105
Worthington Enterprises, Inc.		6,654		332,101
				11,201,737
Energy - 9.0%
Chord Energy Corp.		3,163		542,961
CNX Resources Corp. (a)		15,694		415,420
CONSOL Energy, Inc. (a)		6,574		656,151
Gulfport Energy Corp. (a)		3,054		449,579
Liberty Energy, Inc.		17,429		420,910
Marathon Petroleum Corp.		3,223		570,536
Permian Resources Corp.		34,697		532,252
Phillips 66		2,314		336,641
Select Water Solutions, Inc.		35,677		421,702
SM Energy Co.		9,022		416,816
				4,762,968
Financials - 25.3%(b)
Aflac, Inc.		3,940		375,797
Ally Financial, Inc.		10,613		477,691
Assurant, Inc.		1,881		328,931
Bread Financial Holdings, Inc.		8,776		478,994
Brookfield Asset Management Ltd.		3,730		162,740
Capital One Financial Corp.		2,920		442,088
Citizens Financial Group, Inc.		10,841		462,586
Corebridge Financial, Inc.		14,725		435,124
Customers Bancorp, Inc. (a)		5,729		369,406
Enova International, Inc. (a)		7,836		677,579
Equitable Holdings, Inc.		9,257		403,698
Fidelity National Financial, Inc.		6,274		347,642
First Citizens BancShares, Inc. - Class A		243		507,309
Hartford Financial Services Group, Inc.		4,310		478,065
Heartland Financial USA, Inc.		8,607		469,254
Jackson Financial, Inc. - Class A		6,105		537,606
Lincoln National Corp.		12,046		401,132
Loews Corp.		7,672		613,376
Mercury General Corp.		8,552		512,008
MGIC Investment Corp.		19,212		477,226
Mr. Cooper Group, Inc. (a)		8,691		781,147
Oscar Health, Inc. - Class A (a)		31,792		562,083
Primerica, Inc.		1,611		405,601
Prudential Financial, Inc.		3,196		400,523
Radian Group, Inc.		11,644		431,992
Reinsurance Group of America, Inc.		1,998		450,409
Robinhood Markets, Inc. - Class A (a)		21,738		447,151
Skyward Specialty Insurance Group, Inc. (a)		11,781		466,174
Synchrony Financial		9,874		501,500
				13,404,832
Health Care - 2.5%
Arcturus Therapeutics Holdings, Inc. (a)		11,557		271,127
McKesson Corp.		1,016		626,892
Tenet Healthcare Corp. (a)		2,734		409,280
				1,307,299
Industrials - 15.6%
Apogee Enterprises, Inc.		5,865		402,574
Boise Cascade Co.		3,982		565,802
CoreCivic, Inc. (a)		23,179		323,115
DNOW, Inc. (a)		29,248		449,249
EMCOR Group, Inc.		2,185		820,337
GMS, Inc. (a)		4,308		414,559
Masterbrand, Inc. (a)		23,300		420,565
Matson, Inc.		3,582		475,367
MillerKnoll, Inc.		13,563		420,724
Mueller Industries, Inc.		12,229		867,525
Owens Corning		2,519		469,491
REV Group, Inc.		20,326		593,113
SkyWest, Inc. (a)		7,445		595,153
Sterling Infrastructure, Inc. (a)		5,641		656,387
Tutor Perini Corp. (a)		17,246		429,253
UFP Industries, Inc.		2,535		334,443
				8,237,657
Information Technology - 6.6%
ACM Research, Inc. - Class A (a)		19,203		344,694
Benchmark Electronics, Inc.		9,669		462,855
ePlus, Inc. (a)		5,522		507,582
Insight Enterprises, Inc. (a)		2,135		479,308
InterDigital, Inc.		3,237		397,374
Photronics, Inc. (a)		18,727		475,853
ScanSource, Inc. (a)		8,579		446,537
TD SYNNEX Corp.		3,219		383,608
				3,497,811
Materials - 5.9%
Alpha Metallurgical Resources, Inc.		1,667		492,448
Arch Resources, Inc.		2,033		297,936
Ramaco Resources, Inc. (a)		19,897		270,599
Resolute Forest Products (a)(c)(d)		66,033		93,767
Steel Dynamics, Inc.		3,675		489,584
TimkenSteel Corp. (a)		27,302		612,111
United States Steel Corp.		6,561		269,592
Warrior Met Coal, Inc.		8,936		617,567
				3,143,604
Utilities - 1.3%
Vistra Corp.		8,761		694,046
Total Common Stocks (Cost $39,134,213)				46,676,265
Short-Term Investments - 6.6%
Money Market Funds - 6.6%
First American Treasury Obligations Fund - Class X, 5.20% (e)		3,496,287		3,496,287
Total Short-Term Investments (Cost $3,496,287)				3,496,287
Total Investments - 94.8% (Cost $42,630,500)				50,172,552
Other Assets in Excess of Liabilities - 5.2%				2,733,766
Total Net Assets - 100.0%			$	52,906,318
Percentages are stated as a percent of net assets.

(a)	Non-income producing security.
(b)	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.
(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 $93,767 or 0.2% of net assets as of July 31, 2024.
(d)	These securities are considered to be illiquid. The aggregate value of these securities at July 31, 2024, was $93,767, which represents 0.2% 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. 

The open futures contracts held by the fund as of July 31, 2024, are as follows:
Type of Contract	Number of Contracts Short		Expiration Date	Notional Amount			Notional Value			Unrealized Appreciation (Depreciation)
S&P 500 Index		(85)	09/20/2024	$	(23,621,500	)	$	(23,567,971	)	$	(53,529)

The monthly average notional value of the short equity futures contracts during the period ended July 31, 2024, was ($26,149,938).

Cambria Value and Momentum ETF

	Level 1			Level 2		Level 3(a)		Total
Assets:
Common Stocks	$	46,582,498		$	–	$	93,767	$	46,676,265
Money Market Funds		3,496,287			–		–		3,496,287
Total Assets	$	50,078,785		$	–	$	93,767	$	50,172,552
Other Financial Instruments(b): Liabilities
Futures		(53,529	)		–		–		(53,529)
Total Liabilities	$	(53,529	)	$	–	$	–	$	(53,529)

(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.
(b)	The fair value of the Fund’s investment represents the net unrealized appreciation (depreciation) as of July 31, 2024.

Refer to the Schedule of Investments for further disaggregation of investment categories.