SELECT SECTOR SPDR TR

Ticker: XLB CUSIP: 81369Y100 Class: SBI MATERIALS

Cambria Investment Management, L.P.'s Holding History (CIK: 0001529389)

Note: Option positions (PUT/CALL) are excluded.

Q1 2016
Shares 9,885 Value ($000) $443 Avg Close — Range —
Q1 2015
Shares 10,235 Value ($000) $499 Avg Close — Range —
Q4 2014
Shares 6,497 Value ($000) $316 Avg Close — Range —