SELECT SECTOR SPDR TR

Ticker: XLF CUSIP: 81369Y605 Class: FINANCIAL

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

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

Q1 2017
Shares 34,959 Value ($000) $830 Avg Close — Range —
Q4 2016
Shares 18,869 Value ($000) $439 Avg Close — Range —
Q3 2016
Shares 18,869 Value ($000) $364 Avg Close — Range —
Q2 2016
Shares 19,634 Value ($000) $449 Avg Close — Range —
Q2 2015
Shares 21,223 Value ($000) $517 Avg Close — Range —
Q1 2015
Shares 21,223 Value ($000) $512 Avg Close — Range —
Q4 2014
Shares 23,072 Value ($000) $571 Avg Close — Range —