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

Cambria Tail Risk ETF

Schedule of Investments

July 31, 2024 (Unaudited)

Sector Weightings
Cambria Tail Risk ETF
U.S. Treasury Obligations	94.8	%
Purchased Options	5.2	%
	100.0	%
Percentages are stated as a percent of total investments, excluding short-term investments.

			Par		Value
U.S. Treasury Obligations - 92.5%
.    U.S. Treasury Bond, 4.125%, 11/15/2032			$	72,360,000	$	72,914,006
Total U.S Treasury Obligations (Cost $73,456,940)						72,914,006
	Notional Amount		Contracts
Options Purchased - 5.1%
Put Options - 5.1%					$	–
S&P 500® Index,				–	$	–
Expiration: 09/20/2024; Exercise Price: $4,200	$	35,894,950		65		21,450
Expiration: 12/20/2024; Exercise Price: $4,100		77,864,430		141		199,515
Expiration: 12/20/2024; Exercise Price: $4,200		19,328,050		35		56,525
Expiration: 03/21/2025; Exercise Price: $4,400		61,849,760		112		432,320
Expiration: 03/21/2025; Exercise Price: $4,700		29,268,190		53		303,425
Expiration: 06/20/2025; Exercise Price: $4,900		31,477,110		57		581,970
Expiration: 06/20/2025; Exercise Price: $4,800		28,715,960		52		466,960
Expiration: 06/20/2025; Exercise Price: $4,700		23,745,890		43		340,130
Expiration: 09/19/2025; Exercise Price: $5,200		25,954,810		47		846,705
Expiration: 09/19/2025; Exercise Price: $5,100		26,507,040		48		770,640
Total Options Purchased (Cost $9,929,901)						4,019,640
			Shares
Short-Term Investments - 1.5%
Money Market Funds - 1.5%
First American Treasury Obligations Fund - Class X, 5.20% (a)				1,156,315		1,156,315
Total Short-Term Investments (Cost $1,156,315)						1,156,315
Total Investments - 99.1% (Cost $84,543,156)						78,089,961
Other Assets in Excess of Liabilities - 0.9%						739,510
Total Net Assets - 100.0%					$	78,829,471
Percentages are stated as a percent of net assets.

(a) The rate shown represents the 7-day annualized effective yield as of July 31, 2024.

Cambria Tail Risk ETF	Level 1		Level 2		Level 3		Total
Assets:
U.S. Treasury Obligations	$	–	$	72,914,006	$	–	$	72,914,006
Options Purchased		–		4,019,640		–		4,019,640
Money Market Funds		1,156,315		–		–		1,156,315
Total Assets	$	1,156,315	$	76,933,646	$	–	$	78,089,961

The monthly average notional amount of purchased option contracts during the period ended July 31, 2024, was $295,265,000.