SELECT SECTOR SPDR TR

Ticker: XLI CUSIP: 81369Y704 Class: INDL

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

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

Q1 2017
Shares 13,020 Value ($000) $847 Avg Close — Range —
Q4 2016
Shares 7,981 Value ($000) $497 Avg Close — Range —
Q3 2016
Shares 7,981 Value ($000) $466 Avg Close — Range —
Q2 2015
Shares 5,801 Value ($000) $314 Avg Close — Range —