AFSM vs. BLDG ETF Comparison

Comparison of Active Factor Small Cap ETF (AFSM) to Cambria Global Real Estate ETF (BLDG)

AFSM

Active Factor Small Cap ETF

AFSM Description

The investment seeks to provide capital appreciation. Under normal market conditions, the fund will invest at least 80% of its net assets (including investment borrowings) in U.S.-listed equity securities issued by small capitalization companies. The manager defines small capitalization companies as those that, at the time of investment, have a market capitalization between a minimum of $250 million and the maximum market capitalization of a widely recognized index of small capitalization companies based upon the composition of the index at the time of investment. It is non-diversified.

Grade (RS Rating)

Last Trade

$29.20

Average Daily Volume

5,594

Number of Holdings ^*

306

* may have additional holdings in another (foreign) market

BLDG

Cambria Global Real Estate ETF

BLDG Description

The investment seeks income and capital appreciation. The fund is actively managed and seeks to achieve its investment objective by investing, under normal market conditions, primarily in the securities of domestic and foreign, including developed and emerging market, companies principally engaged in the real estate sector and real-estate related industries (collectively, ?real estate companies?) that exhibit favorable multi-factor metrics, such as value, quality and momentum, according to a quantitative methodology developed by Cambria Investment Management, L.P., the fund?s investment adviser (?Cambria?).

Grade (RS Rating)

Last Trade

$24.48

Average Daily Volume

2,649

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	AFSM	BLDG
30 Days	7.46%	4.84%
60 Days	0.74%	-0.03%
90 Days	6.71%	0.25%
12 Months	27.99%	2.09%

11 Overlapping Holdings

Symbol	Grade	Weight in AFSM	Weight in BLDG	Overlap
AKR	C	0.0%	1.41%	0.0%
CTRE	C	0.33%	1.35%	0.33%
CUZ	B	0.26%	1.33%	0.26%
HIW	B	0.32%	1.45%	0.32%
IIPR	C	0.32%	1.39%	0.32%
KRC	D	0.19%	1.3%	0.19%
PDM	B	0.26%	1.47%	0.26%
PK	D	0.22%	1.2%	0.22%
SBRA	B	0.26%	1.37%	0.26%
SITC	D	0.19%	1.3%	0.19%
SKT	D	0.54%	1.21%	0.54%

AFSM Overweight 295 Positions Relative to BLDG

Symbol	Grade	Weight
BCC	D	1.1%
HCC	C	0.99%
FIX	B	0.99%
ELF	D	0.97%
ESGR	A	0.93%
TNK	B	0.86%
ANF	B	0.86%
PFBC	A	0.86%
MOD	B	0.85%
STRL	A	0.85%
CAL	C	0.84%
DDS	C	0.8%
KBH	B	0.8%
SMCI	D	0.8%
PRDO	B	0.79%
ALKS	F	0.78%
EME	A	0.77%
WFRD	C	0.77%
MTG	B	0.77%
MLI	A	0.71%
LPG	B	0.7%
MHO	C	0.69%
TMHC	B	0.66%
SLVM	C	0.66%
GNK	B	0.66%
PLUS	B	0.65%
CPRX	C	0.65%
ARCH	D	0.65%
GMS	B	0.65%
AROC	B	0.65%
ATKR	D	0.63%
MATX	B	0.63%
APPF	B	0.63%
UFPT	B	0.62%
SSD	D	0.62%
OTTR	B	0.62%
BMI	A	0.62%
EVER	B	0.61%
SANM	B	0.6%
NTB	A	0.59%
AMPH	F	0.59%
CNXN	C	0.58%
BDC	B	0.57%
AMR	F	0.57%
TEX	C	0.57%
OFG	B	0.57%
IDCC	B	0.56%
BRBR	C	0.55%
CRVL	A	0.55%
PRGS	F	0.55%
PLAB	B	0.55%
PBF	F	0.55%
CALM	D	0.54%
MUSA	A	0.54%
LGND	B	0.53%
HUBG	B	0.53%
POWL	B	0.53%
SIG	D	0.53%
DFIN	C	0.52%
BKU	B	0.52%
NHC	B	0.52%
SKYW	B	0.51%
CHCO	B	0.51%
CEIX	C	0.51%
TNC	D	0.5%
GRBK	B	0.5%
GMED	A	0.5%
RDN	C	0.49%
UVE	B	0.48%
OPCH	D	0.48%
BXC	D	0.48%
TGNA	B	0.47%
ASC	A	0.47%
YMAB	D	0.46%
PRK	A	0.46%
VNDA	B	0.44%
BPMC	B	0.44%
STBA	B	0.44%
NAVI	F	0.43%
RMR	C	0.43%
MEDP	D	0.43%
WINA	C	0.43%
FDP	F	0.42%
HURN	F	0.42%
BTU	F	0.42%
CWCO	D	0.41%
CCRN	F	0.41%
BKE	B	0.4%
EGBN	F	0.4%
NSIT	A	0.4%
HRMY	F	0.39%
FBP	A	0.39%
ONTO	B	0.39%
ANIP	C	0.39%
SPNS	B	0.39%
MTH	A	0.38%
VSH	C	0.38%
NTCT	F	0.37%
INMD	F	0.37%
ALRM	D	0.37%
CVLT	A	0.37%
ADUS	A	0.37%
MRVI	C	0.36%
MD	F	0.35%
LOPE	B	0.35%
CADE	B	0.35%
CRS	B	0.35%
QLYS	F	0.34%
CBZ	C	0.34%
PINC	F	0.34%
SCS	B	0.34%
ABG	C	0.34%
M	D	0.34%
UFPI	B	0.34%
CMC	B	0.34%
COOP	A	0.34%
APOG	A	0.34%
WTS	B	0.33%
ALE	B	0.33%
DNOW	D	0.33%
IBOC	A	0.32%
GEO	C	0.31%
STRA	B	0.31%
REZI	C	0.31%
MOG.A	A	0.31%
CVBF	C	0.31%
VRNT	C	0.3%
VRNS	D	0.3%
MCY	A	0.3%
HCI	D	0.3%
PRG	B	0.3%
HLNE	C	0.3%
ODP	F	0.3%
TMDX	B	0.3%
AMRK	C	0.3%
LRN	B	0.3%
AMKR	B	0.29%
AMWD	D	0.29%
ASTH	D	0.29%
SFL	A	0.29%
PSN	D	0.29%
WNC	D	0.29%
NMIH	A	0.29%
HRB	A	0.29%
BKH	B	0.28%
HWKN	B	0.28%
CORT	B	0.28%
DAKT	B	0.28%
ARCB	D	0.28%
ANDE	D	0.28%
KFY	C	0.28%
RHP	D	0.28%
SUPN	F	0.27%
HAE	A	0.27%
MITK	B	0.27%
KOP	F	0.27%
BELFB	B	0.27%
ETD	D	0.27%
HLX	B	0.27%
NHI	A	0.27%
TWI	F	0.27%
DUOL	D	0.26%
ACT	A	0.26%
HSII	C	0.26%
CATY	C	0.26%
NSSC	B	0.26%
COKE	B	0.26%
MAC	D	0.26%
DHT	B	0.25%
CRC	F	0.25%
RAMP	F	0.25%
RLI	A	0.24%
RXST	B	0.24%
SLG	B	0.24%
CASH	B	0.24%
RMBS	D	0.24%
MOV	D	0.24%
OSIS	C	0.24%
THFF	B	0.24%
WGO	D	0.23%
ITCI	C	0.23%
XRX	D	0.23%
AVNS	C	0.22%
HIMS	D	0.22%
INSW	B	0.22%
TBBK	D	0.21%
DOLE	C	0.21%
LNTH	B	0.21%
CCS	D	0.21%
KFRC	D	0.21%
WABC	B	0.21%
KNSA	C	0.21%
SD	D	0.21%
UE	B	0.21%
MED	F	0.21%
IIIN	D	0.21%
STNG	B	0.2%
HOV	B	0.2%
WMK	B	0.2%
IDYA	D	0.2%
PFS	B	0.2%
CMPR	D	0.19%
BASE	C	0.19%
VGR	C	0.19%
DFH	D	0.19%
LMAT	A	0.19%
QTRX	F	0.19%
BPOP	A	0.18%
PIPR	A	0.18%
OSCR	B	0.18%
PARR	F	0.18%
EXTR	F	0.18%
INTA	C	0.18%
INVA	B	0.17%
NUS	D	0.17%
IMXI	D	0.17%
FWRD	F	0.16%
IMKTA	F	0.16%
HDSN	F	0.16%
IRWD	F	0.16%
COHU	F	0.16%
AXSM	D	0.16%
TCMD	F	0.16%
MXL	F	0.15%
LQDA	D	0.15%
LXU	C	0.15%
CHRD	B	0.15%
ALXO	C	0.14%
ASIX	F	0.14%
BRC	B	0.14%
AYI	C	0.13%
CECO	B	0.13%
SIGA	C	0.13%
RYI	F	0.13%
CLSK	D	0.13%
LBRT	B	0.12%
FOR	D	0.12%
AIT	C	0.11%
NEO	B	0.11%
ROCK	D	0.1%
OMI	F	0.1%
ALKT	B	0.1%
SPSC	B	0.1%
ESNT	C	0.09%
YEXT	F	0.09%
ACAD	F	0.09%
YELP	D	0.09%
ASO	F	0.09%
KRYS	D	0.08%
CRAI	A	0.08%
SFM	A	0.08%
KN	B	0.08%
AMN	F	0.07%
OPI	D	0.07%
KTB	B	0.07%
TPH	A	0.07%
VCTR	C	0.07%
TGTX	C	0.07%
CABA	F	0.07%
GFF	C	0.06%
JBI	D	0.06%
CTS	A	0.06%
CRUS	A	0.06%
VSTO	B	0.06%
UNFI	F	0.06%
BECN	C	0.06%
JWN	B	0.06%
KAI	D	0.06%
GES	C	0.06%
OVV	D	0.06%
EIG	D	0.06%
SQSP	A	0.06%
CSGS	F	0.06%
KSS	F	0.05%
MLKN	D	0.05%
OGS	C	0.05%
VCEL	B	0.05%
EOLS	D	0.05%
TNET	D	0.05%
FIBK	B	0.05%
ATEN	B	0.05%
APAM	C	0.05%
SIBN	F	0.04%
ZEUS	F	0.04%
EMBC	D	0.04%
PHR	F	0.04%
DVAX	F	0.04%
INDB	C	0.04%
HVT	F	0.04%
EGRX	F	0.04%
VSCO	D	0.03%
TDC	F	0.03%
SPTN	D	0.03%
GCO	D	0.03%
EYPT	F	0.02%

AFSM Underweight 33 Positions Relative to BLDG

Symbol	Grade	Weight
DEI	B	-1.49%
PGRE	B	-1.48%
BDN	B	-1.46%
AVB	A	-1.4%
EQR	A	-1.4%
WELL	A	-1.4%
BXP	D	-1.39%
WSR	B	-1.36%
BNL	B	-1.35%
EQC	B	-1.34%
ESRT	C	-1.34%
EPR	C	-1.3%
IVT	C	-1.29%
REG	D	-1.28%
OHI	C	-1.28%
VNO	F	-1.28%
BRX	B	-1.28%
AMH	C	-1.28%
ROIC	D	-1.27%
BFS	C	-1.25%
STAG	D	-1.23%
PEB	D	-1.22%
APLE	D	-1.19%
EGP	D	-1.19%
CLDT	F	-1.18%
DRH	F	-1.18%
HST	D	-1.18%
SHO	D	-1.18%
HPP	F	-1.17%
RLJ	F	-1.14%
REXR	D	-1.11%
FSP	F	-1.1%
NXDT	F	-0.0%