ALM First Financial Advisors, LLC

Key Holdings

The portfolio is dominated by a "barbell" structure combining traditional market exposure with smart beta and alternative strategies.

• Core Equity Exposure: The Vanguard S&P 500 ETF (VOO) is the largest holding, comprising 28.35% of the portfolio ($143.16M). This establishes a strong foundational anchor to large-cap U.S. equity performance.
• Smart Beta & Factor Concentration: A significant portion of the portfolio is dedicated to the Cambria family of ETFs. Notably, the Cambria Global Momentum ETF (GMOM) and Cambria Trinity ETF (TRTY) are the second and third largest holdings, accounting for 12.52% and 12.27% of the portfolio, respectively. Combined with other Cambria funds (Value, Shareholder Yield, Foreign Shareholder Yield), these positions represent a heavy tilt toward quantitative factor strategies—specifically momentum, value, and shareholder yield.
• Fixed Income: The Vanguard Total Bond Market ETF (BND) holds a 7.59% weight ($38.32M), providing traditional fixed income diversification.