Market Overview

Cambria Investment Management Surpasses $1 Billion in Assets Under Management

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Cambria Investment Management, LP, a quant-driven manager of ETFs, today
announced it has surpassed $1 billion in assets under management.
Cambria's ETF division, which launched in 2013, employs rules-based
strategies derived from deep research in historical market data and
analysis to create its funds.

Cambria operates on the mission to preserve and grow capital by
attempting to produce above-average absolute returns with low
correlation to traditional assets and manageable risk. The firm's suite
of 10
ETFs
, managed by Meb
Faber
and Eric Richardson, span across tactical, core and value
strategies.

"We founded Cambria on our deep belief in rules-based investing, which
we believe can yield better long term results for our clients," said Meb
Faber, Cambria CIO and co-founder. "Our success and growth is a
testament to that strategy, as well as the trust of our investors who
have endorsed us, our ideas, and our research."

"The ETF industry is dominated by a handful of firms with massive
distribution arms, but our success serves as proof that investors are
looking for original, academically-driven investment solutions," said
Eric Richardson, Cambria CEO and co-founder. "We've done things a bit
differently and we're excited to move Cambria into a new era, having now
crossed this milestone."

In recent years, Cambria has also introduced its Trinity
Portfolios
through a robo offering, Cambria Digital Advisor. The
Trinity Portfolio strategies are also available for advisors on the
Riskalyze and TD Institutional Model Market Center platforms. As part of
its commitment to offer low-fee strategies for investors, Cambria does
not charge any management fees for its separate account portfolios. In
2014, Cambria was the first firm to introduce an ETF with a permanent 0%
management fee.

Cambria investors include individuals, institutions, and registered
investment advisors, across its 10 ETFs:

Cambria
Shareholder Yield ETF (SYLD)

Cambria
Foreign Shareholder yield ETF (FYLD)

Cambria
Global Value ETF (GVAL)

Cambria
Global Momentum ETF (GMOM)

Cambria
Global Asset Allocation ETF (GAA)

Cambria
Emerging Shareholder Yield ETF (EYLD)

Cambria
Value and Momentum ETF (VAMO)

Cambria
Sovereign Bond ETF (SOVB)

Cambria
Tail Risk ETF (TAIL)

Cambria
Core Equity ETF (CCOR)

ABOUT CAMBRIA INVESTMENT MANAGEMENT, LP

Cambria Investment Management, LP, based in Los Angeles, California, is
a SEC registered investment management firm employing a disciplined
multi-asset, global quantitative research process. Cambria provides
investment management services to high net worth individuals and
institutions through separately managed accounts and public
exchange-traded funds. Cambria is also the investment manager of ten
ETFs, including the Cambria Shareholder Yield ETF (NYSE:SYLD), the
Cambria Foreign Shareholder Yield ETF (NYSE:FYLD), the Cambria Emerging
Shareholder Yield ETF (NYSE:EYLD), and the Cambria Global Value ETF
(NYSE:GVAL). Global diversification through asset allocation, coupled
with prudent risk management, is the foundation of Cambria's investment
philosophy. For more information, please visit www.cambriainvestments.com
and www.cambriafunds.com.
Meb Faber can be followed @MebFaber.

Investing involves risk, including the possible loss of principal. Past
performance does not guarantee future results. Management fees represent
a portion of the expenses for the ETF. Please see the prospectus for a
more detailed discussion of fees and expenses related to these products.

To determine if a Fund is an appropriate investment for you, carefully
consider the Fund's investment objectives, risk factors, charges and
expense before investing. This and other information can be found in the
Fund's full or summary prospectus which may be obtained by calling
855-383-4636 (ETF INFO) or visiting our website at www.cambriafunds.com.
Read the prospectus carefully before investing or sending money.

The Cambria ETFs are distributed by SEI Investments Distribution Company
(SIDCO), 1 Freedom Valley Drive, Oaks, PA 19456, which is not affiliated
with Cambria Investment Management, LP, the Investment Adviser for the
Fund.

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