SELECT SECTOR SPDR TR

Ticker: XLP CUSIP: 81369Y308 Class: Exchange Traded Fund

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

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

Q3 2016

Shares 9,024 Value ($000) $480 Avg Close — Range —

Q2 2016

Shares 9,024 Value ($000) $498 Avg Close — Range —

Q1 2016

Shares 9,024 Value ($000) $479 Avg Close — Range —

Q4 2015

Shares 9,962 Value ($000) $503 Avg Close — Range —

Q1 2015

Shares 10,178 Value ($000) $496 Avg Close — Range —

Period	Shares	Value ($000)	Average Close	Price Range
Q3 2016	9,024	$480	—	—
Q2 2016	9,024	$498	—	—
Q1 2016	9,024	$479	—	—
Q4 2015	9,962	$503	—	—
Q1 2015	10,178	$496	—	—