Reverb ETF |
Schedule of Investments |
at July 31, 2023 (Unaudited) |
Shares | Value | ||||
COMMON STOCKS - 97.70% | |||||
Accounting, Tax Preparation, Bookkeeping, and Payroll Services - 0.10% | |||||
20 | Paychex, Inc. | $ | 2,509 | ||
Advertising, Public Relations, and Related Services - 0.13% | |||||
10 | Omnicom Group, Inc. | 846 | |||
26 | Trade Desk, Inc. - Class A* | 2,373 | |||
3,219 | |||||
Aerospace Product and Parts Manufacturing - 1.42% | |||||
32 | Boeing Co.* | 7,644 | |||
14 | General Dynamics Corp. | 3,130 | |||
8 | HEICO Corp. | 1,123 | |||
36 | Honeywell International, Inc. | 6,989 | |||
14 | Lockheed Martin Corp. | 6,249 | |||
80 | Raytheon Technologies Corp. | 7,034 | |||
2 | TransDigm Group, Inc. | 1,799 | |||
33,968 | |||||
Agencies, Brokerages, and Other Insurance Related Activities - 0.64% | |||||
12 | Aon plc - Class A# | 3,822 | |||
12 | Arthur J Gallagher & Co. | 2,578 | |||
16 | Brown & Brown, Inc. | 1,127 | |||
26 | Marsh & McLennan Cos., Inc. | 4,898 | |||
32 | Sun Life Financial, Inc.# | 1,684 | |||
6 | Willis Towers Watson plc# | 1,268 | |||
15,377 | |||||
Agriculture, Construction, and Mining Machinery Manufacturing - 0.60% | |||||
28 | Caterpillar, Inc. | 7,424 | |||
16 | Deere & Co. | 6,874 | |||
14,298 | |||||
Alumina and Aluminum Production and Processing - 0.05% | |||||
22 | Howmet Aerospace, Inc. | 1,125 | |||
Animal Slaughtering and Processing - 0.10% | |||||
30 | Hormel Foods Corp. | 1,227 | |||
20 | Tyson Foods, Inc. | 1,114 | |||
2,341 | |||||
Architectural and Structural Metals Manufacturing - 0.10% | |||||
14 | Nucor Corp. | 2,409 | |||
Architectural, Engineering, and Related Services - 0.06% | |||||
6 | Jacobs Solutions, Inc. | 752 | |||
2 | Teledyne Technologies, Inc.* | 770 | |||
1,522 | |||||
Automotive Parts, Accessories, and Tire Stores - 0.15% | |||||
4 | O'Reilly Automotive, Inc.* | 3,703 | |||
Basic Chemical Manufacturing - 0.48% | |||||
2 | FMC Corp. | 192 | |||
14 | International Flavors & Fragrances, Inc. | 1,185 | |||
26 | Linde plc# | 10,157 | |||
11,534 | |||||
Beverage Manufacturing - 1.71% | |||||
26 | Brown-Forman Corp. | 1,836 | |||
236 | Coca-Cola Co. | 14,615 | |||
26 | Coca-Cola Europacific Partners plc# | 1,648 | |||
10 | Constellation Brands, Inc. | 2,728 | |||
76 | Keurig Dr Pepper, Inc. | 2,585 | |||
58 | Monster Beverage Corp. * | 3,334 | |||
76 | PepsiCo, Inc. | 14,247 | |||
40,993 | |||||
Boiler, Tank, and Shipping Container Manufacturing - 0.04% | |||||
18 | Ball Corp. | 1,056 | |||
Building Equipment Contractors - 0.07% | |||||
8 | Quanta Services, Inc. | 1,613 | |||
Building Material and Supplies Dealers - 1.07% | |||||
54 | Home Depot, Inc. | 18,026 | |||
32 | Lowe's Cos., Inc. | 7,497 | |||
25,523 | |||||
Business Support Services - 3.02% | |||||
6 | Broadridge Financial Solutions, Inc. | 1,008 | |||
12 | Coinbase Global, Inc.* | 1,183 | |||
6 | Equifax, Inc. | 1,224 | |||
2 | Fair Isaac Corp.* | 1,676 | |||
32 | Fidelity National Information Services, Inc. | 1,932 | |||
4 | FleetCor Technologies, Inc.* | 996 | |||
14 | Global Payments, Inc. | 1,544 | |||
12 | Live Nation Entertainment, Inc.* | 1,053 | |||
52 | Mastercard, Inc. - Class A | 20,502 | |||
10 | Moody's Corp. | 3,528 | |||
4 | MSCI, Inc. | 2,192 | |||
256 | NU Holdings Ltd. - Class A*# | 2,038 | |||
60 | PayPal Holdings, Inc.* | 4,549 | |||
34 | ROBLOX Corp.* | 1,335 | |||
6 | Royalty Pharma plc - Class A# | 188 | |||
114 | Visa, Inc. | 27,100 | |||
72,048 | |||||
Cable and Other Subscription Programming - 0.59% | |||||
228 | Comcast Corp. | 10,320 | |||
12 | Liberty Media Corp-Liberty Formula One* | 871 | |||
28 | Rogers Communications, Inc. - Class B# | 1,226 | |||
134 | Warner Bros Discovery, Inc.* | 1,751 | |||
14,168 | |||||
Clothing Stores - 0.57% | |||||
8 | Charter Communications, Inc.* | 3,242 | |||
48 | KKR & Co., Inc. | 2,850 | |||
18 | Ross Stores, Inc. | 2,064 | |||
62 | TJX Cos., Inc. | 5,365 | |||
13,521 | |||||
Commercial and Industrial Machinery and Equipment Rental and Leasing - 0.09% | |||||
4 | AerCap Holdings N.V.*# | 255 | |||
4 | United Rentals, Inc. | 1,859 | |||
2,114 | |||||
Commercial and Service Industry Machinery Manufacturing - 0.17% | |||||
8 | KLA Corp. | 4,112 | |||
Communications Equipment Manufacturing - 7.27% | |||||
830 | Apple, Inc. | 163,054 | |||
10 | Motorola Solutions, Inc. | 2,866 | |||
60 | QUALCOMM, Inc. | 7,930 | |||
173,850 | |||||
Computer and Peripheral Equipment Manufacturing - 1.24% | |||||
16 | Arista Networks, Inc.* | 2,481 | |||
222 | Cisco Systems, Inc. | 11,553 | |||
40 | Dell Technologies, Inc. | 2,117 | |||
42 | Fortinet, Inc.* | 3,264 | |||
54 | HP, Inc. | 1,773 | |||
50 | International Business Machines Corp. | 7,209 | |||
8 | NetApp, Inc. | 624 | |||
2 | Super Micro Computer, Inc.* | 661 | |||
29,682 | |||||
Computer Systems Design and Related Services - 1.98% | |||||
8 | CDW Corp. | 1,497 | |||
12 | CGI, Inc.*# | 1,219 | |||
28 | Cognizant Technology Solutions Corp. | 1,849 | |||
4 | ICON plc*# | 1,006 | |||
148 | Oracle Corp. | 17,350 | |||
116 | Palantir Technologies, Inc.* | 2,301 | |||
16 | Palo Alto Networks, Inc.* | 3,999 | |||
4 | Paycom Software, Inc. | 1,475 | |||
12 | ServiceNow, Inc.* | 6,996 | |||
88 | Snap, Inc. - Class A* | 1,000 | |||
18 | Snowflake, Inc. - Class A* | 3,199 | |||
16 | Unity Software, Inc. * | 733 | |||
14 | Workday, Inc. - Class A* | 3,320 | |||
8 | Zscaler, Inc.* | 1,283 | |||
47,227 | |||||
Consumer Goods Rental - 0.44% | |||||
24 | Netflix, Inc.* | 10,535 | |||
Converted Paper Product Manufacturing - 0.11% | |||||
2 | Avery Dennison Corp. | 368 | |||
18 | Kimberly-Clark Corp. | 2,324 | |||
2,692 | |||||
Couriers and Express Delivery Services - 0.52% | |||||
14 | FedEx Corp. | 3,779 | |||
46 | United Parcel Service, Inc. - Class B | 8,608 | |||
12,387 | |||||
Cut and Sew Apparel Manufacturing - 0.09% | |||||
6 | Lululemon Athletica, Inc.* | 2,271 | |||
Dairy Product Manufacturing - 0.33% | |||||
68 | Kraft Heinz Co. | 2,460 | |||
74 | Mondelez International, Inc. - Class A | 5,486 | |||
7,946 | |||||
Data Processing, Hosting, and Related Services - 0.74% | |||||
34 | Airbnb, Inc.* | 5,174 | |||
22 | Automatic Data Processing, Inc. | 5,440 | |||
2 | FactSet Research Systems, Inc. | 870 | |||
34 | Fiserv, Inc.* | 4,291 | |||
8 | Verisk Analytics, Inc. | 1,832 | |||
17,607 | |||||
Deep Sea, Coastal, and Great Lakes Water Transportation - 0.06% | |||||
14 | Royal Caribbean Group*# | 1,528 | |||
Department Stores - 0.95% | |||||
142 | Walmart, Inc. | 22,700 | |||
Depository Credit Intermediation - 3.81% | |||||
436 | Bank of America Corp. | 13,951 | |||
38 | Bank of Montreal# | 3,531 | |||
44 | Bank of New York Mellon Corp. | 1,996 | |||
66 | Bank of Nova Scotia# | 3,324 | |||
50 | Canadian Imperial Bank of Commerce# | 2,204 | |||
20 | Capital One Financial Corp. | 2,340 | |||
106 | Citigroup, Inc. | 5,052 | |||
112 | Deutsche Bank AG# | 1,247 | |||
14 | Discover Financial Services | 1,478 | |||
80 | Huntington Bancshares, Inc. | 979 | |||
160 | JPMorgan Chase & Co. | 25,273 | |||
12 | KeyCorp | 148 | |||
10 | M&T Bank Corp. | 1,399 | |||
12 | Northern Trust Corp. | 961 | |||
22 | PNC Financial Services Group, Inc. | 3,012 | |||
52 | Regions Financial Corp. | 1,059 | |||
18 | State Street Corp. | 1,304 | |||
6 | Synchrony Financial | 207 | |||
100 | Toronto-Dominion Bank# | 6,594 | |||
72 | Truist Financial Corp. | 2,392 | |||
84 | U.S. Bancorp | 3,333 | |||
204 | Wells Fargo & Co. | 9,417 | |||
91,201 | |||||
Direct Selling Establishments - 0.08% | |||||
22 | DoorDash, Inc.* | 1,997 | |||
Drinking Places (Alcoholic Beverages) - 0.13% | |||||
6 | Cintas Corp. | 3,012 | |||
Drugs and Druggists' Sundries Merchant Wholesalers - 0.28% | |||||
12 | AmerisourceBergen Corp. | 2,243 | |||
14 | Cardinal Health, Inc. | 1,281 | |||
8 | McKesson Corp. | 3,218 | |||
6,742 | |||||
Electric Power Generation, Transmission and Distribution - 1.79% | |||||
10 | AES Corp. | 216 | |||
14 | Ameren Corp. | 1,199 | |||
28 | American Electric Power Co, Inc. | 2,373 | |||
22 | Avangrid, Inc. | 816 | |||
16 | CMS Energy Corp. | 977 | |||
18 | Consolidated Edison, Inc. | 1,707 | |||
18 | Constellation Energy Corp. | 1,740 | |||
12 | DTE Energy Co. | 1,372 | |||
42 | Duke Energy Corp. | 3,933 | |||
20 | Edison International | 1,439 | |||
12 | Entergy Corp. | 1,232 | |||
54 | Exelon Corp. | 2,260 | |||
6 | First Solar, Inc.* | 1,244 | |||
32 | FirstEnergy Corp. | 1,260 | |||
110 | NextEra Energy, Inc. | 8,064 | |||
128 | PG&E Corp.* | 2,254 | |||
40 | PPL Corp. | 1,101 | |||
28 | Public Service Enterprise Group, Inc. | 1,767 | |||
60 | Southern Co. | 4,341 | |||
18 | WEC Energy Group, Inc. | 1,617 | |||
30 | Xcel Energy, Inc. | 1,882 | |||
42,794 | |||||
Electrical Equipment Manufacturing - 0.08% | |||||
6 | Rockwell Automation, Inc. | 2,018 | |||
Electronic Shopping and Mail-Order Houses - 3.27% | |||||
554 | Amazon.com, Inc.* | 74,058 | |||
24 | Chewy, Inc.* | 814 | |||
98 | Coupang, Inc.* | 1,779 | |||
30 | eBay, Inc. | 1,335 | |||
2 | Etsy, Inc.* | 203 | |||
78,189 | |||||
Electronics and Appliance Stores - 0.04% | |||||
12 | Best Buy Co., Inc. | 997 | |||
Engine, Turbine, and Power Transmission Equipment Manufacturing - 0.37% | |||||
8 | Cummins, Inc. | 2,086 | |||
60 | General Electric Co. | 6,855 | |||
8,941 | |||||
Footwear Manufacturing - 0.39% | |||||
84 | Nike, Inc. - Class B | 9,273 | |||
Freight Transportation Arrangement - 0.21% | |||||
8 | Expeditors International of Washington, Inc. | 1,018 | |||
6 | JB Hunt Transport Services, Inc. | 1,224 | |||
12 | Norfolk Southern Corp. | 2,803 | |||
5,045 | |||||
Fruit and Vegetable Preserving and Specialty Food Manufacturing - 0.07% | |||||
4 | Campbell Soup Co. | 183 | |||
26 | Conagra Brands, Inc. | 853 | |||
6 | Lamb Weston Holdings, Inc. | 622 | |||
1,658 | |||||
Gasoline Stations - 0.71% | |||||
104 | Chevron Corp. | 17,021 | |||
General Freight Trucking - 0.11% | |||||
6 | Old Dominion Freight Line, Inc. | 2,517 | |||
General Medical and Surgical Hospitals - 0.19% | |||||
16 | HCA Healthcare, Inc. | 4,365 | |||
General Merchandise Stores - 0.87% | |||||
24 | Costco Wholesale Corp. | 13,457 | |||
12 | Dollar General Corp. | 2,026 | |||
12 | Dollar Tree, Inc.* | 1,852 | |||
26 | Target Corp. | 3,548 | |||
20,883 | |||||
Glass and Glass Product Manufacturing - 0.07% | |||||
46 | Corning, Inc. | 1,561 | |||
Grain and Oilseed Milling - 0.18% | |||||
30 | Archer-Daniels-Midland Co. | 2,549 | |||
6 | Bunge Ltd.# | 652 | |||
18 | Kellogg Co. | 1,204 | |||
4,405 | |||||
Grocery and Related Product Merchant Wholesalers - 0.09% | |||||
28 | Sysco Corp. | 2,137 | |||
Grocery Stores - 0.08% | |||||
40 | Kroger Co. | 1,946 | |||
Hardware, and Plumbing and Heating Equipment and Supplies Merchant Wholesalers - 0.08% | |||||
12 | Ferguson plc# | 1,939 | |||
Health and Personal Care Stores - 0.32% | |||||
70 | CVS Health Corp. | 5,228 | |||
2 | Ulta Beauty, Inc.* | 890 | |||
48 | Walgreens Boots Alliance, Inc. | 1,438 | |||
7,556 | |||||
Household Appliances and Electrical and Electronic Goods Merchant Wholesalers - 0.22% | |||||
38 | Johnson Controls International plc# | 2,643 | |||
18 | TE Connectivity Ltd.# | 2,583 | |||
5,226 | |||||
Industrial Machinery Manufacturing - 0.29% | |||||
46 | Applied Materials, Inc. | 6,973 | |||
Insurance Carriers - 4.61% | |||||
32 | Aflac, Inc. | 2,315 | |||
14 | Allstate Corp. | 1,578 | |||
40 | American International Group, Inc. | 2,411 | |||
118 | Berkshire Hathaway, Inc. - Class B* | 41,530 | |||
30 | Centene Corp.* | 2,043 | |||
22 | Chubb Ltd.# | 4,497 | |||
16 | Cigna Group | 4,722 | |||
8 | Cincinnati Financial Corp. | 861 | |||
12 | Elevance Health, Inc. | 5,660 | |||
2 | Everest Group Ltd.# | 721 | |||
16 | Hartford Financial Services Group, Inc. | 1,150 | |||
6 | Humana, Inc. | 2,741 | |||
100 | Manulife Financial Corp.# | 2,000 | |||
42 | MetLife, Inc. | 2,645 | |||
14 | Principal Financial Group, Inc. | 1,118 | |||
32 | Progressive Corp. | 4,031 | |||
20 | Prudential Financial, Inc. | 1,930 | |||
12 | Travelers Cos., Inc | 2,071 | |||
50 | UnitedHealth Group, Inc. | 25,319 | |||
14 | W. R. Berkley Corp. | 864 | |||
110,207 | |||||
Internet Software & Services - 0.10% | |||||
2 | MercadoLibre, Inc.* | 2,476 | |||
Investigation and Security Services - 0.04% | |||||
14 | Cloudflare, Inc.* | 963 | |||
Iron and Steel Mills and Ferroalloy Manufacturing - 0.06% | |||||
46 | ArcelorMittal SA# | 1,328 | |||
Lessors of Nonfinancial Intangible Assets (except Copyrighted Works) - 0.05% | |||||
16 | Restaurant Brands International, Inc.# | 1,225 | |||
Machinery, Equipment, and Supplies Merchant Wholesalers - 0.14% | |||||
32 | Fastenal Co. | 1,876 | |||
2 | W. W. Grainger, Inc. | 1,477 | |||
3,353 | |||||
Management of Companies and Enterprises - 1.07% | |||||
94 | Abbott Laboratories | 10,465 | |||
0 | Atlanta Braves Holdings, Inc.* | 14 | |||
26 | Brookfield Infrastructure Partners LP# | 928 | |||
72 | Carnival Corp.*# | 1,356 | |||
6 | Citizens Financial Group, Inc. | 194 | |||
72 | CNH Industrial N.V.# | 1,034 | |||
6 | Icahn Enterprises LP | 208 | |||
50 | Koninklijke Philips N.V.*# | 1,036 | |||
18 | LyondellBasell Industries N.V. - Class A# | 1,779 | |||
38 | Rivian Automotive, Inc.* | 1,050 | |||
76 | Royal Bank of Canada# | 7,534 | |||
25,598 | |||||
Management, Scientific, and Technical Consulting Services - 0.64% | |||||
34 | Accenture plc - Class A# | 10,756 | |||
22 | Eaton Corp. plc# | 4,517 | |||
15,273 | |||||
Medical and Diagnostic Laboratories - 0.07% | |||||
2 | Fortrea Holdings, Inc.* | 64 | |||
4 | Laboratory Corp. of America Holdings | 856 | |||
6 | Quest Diagnostics, Inc. | 811 | |||
1,731 | |||||
Medical Equipment and Supplies Manufacturing - 2.41% | |||||
4 | Align Technology, Inc.* | 1,512 | |||
28 | Baxter International, Inc. | 1,266 | |||
16 | Becton Dickinson and Co. | 4,458 | |||
78 | Boston Scientific Corp.* | 4,044 | |||
2 | Cooper Cos., Inc. | 783 | |||
22 | Dexcom, Inc.* | 2,740 | |||
34 | Edwards Lifesciences Corp.* | 2,790 | |||
4 | Insulet Corp.* | 1,107 | |||
20 | Intuitive Surgical, Inc.* | 6,488 | |||
142 | Johnson & Johnson | 23,790 | |||
6 | STERIS plc# | 1,353 | |||
20 | Stryker Corp. | 5,668 | |||
12 | Zimmer Biomet Holdings, Inc. | 1,658 | |||
57,657 | |||||
Metal and Mineral (except Petroleum) Merchant Wholesalers - 0.05% | |||||
4 | Reliance Steel & Aluminum Co. | 1,171 | |||
Metal Ore Mining - 0.61% | |||||
26 | Agnico Eagle Mines Ltd.# | 1,363 | |||
96 | Barrick Gold Corp.# | 1,660 | |||
10 | Franco-Nevada Corp.# | 1,458 | |||
78 | Freeport-McMoRan, Inc. | 3,483 | |||
44 | Newmont Corp. | 1,888 | |||
42 | Southern Copper Corp. | 3,672 | |||
24 | Wheaton Precious Metals Corp.# | 1,076 | |||
14,600 | |||||
Motion Picture and Video Industries - 0.06% | |||||
10 | Take-Two Interactive Software, Inc.* | 1,529 | |||
Motor Vehicle and Motor Vehicle Parts and Supplies Merchant Wholesalers - 0.18% | |||||
26 | Copart, Inc.* | 2,298 | |||
8 | Genuine Parts Co. | 1,246 | |||
14 | LKQ Corp. | 767 | |||
4,311 | |||||
Motor Vehicle Manufacturing - 2.29% | |||||
218 | Ford Motor Co. | 2,880 | |||
76 | General Motors Co. | 2,916 | |||
28 | PACCAR, Inc. | 2,412 | |||
174 | Tesla, Inc.* | 46,533 | |||
54,741 | |||||
Motor Vehicle Parts Manufacturing - 0.11% | |||||
14 | Aptiv plc*# | 1,533 | |||
16 | Magna International, Inc.# | 1,029 | |||
2,562 | |||||
Natural Gas Distribution - 0.46% | |||||
8 | Atmos Energy Corp. | 974 | |||
34 | CenterPoint Energy, Inc. | 1,023 | |||
20 | Eversource Energy | 1,447 | |||
26 | Fortis, Inc.# | 1,108 | |||
122 | Kinder Morgan, Inc. | 2,161 | |||
24 | ONEOK, Inc. | 1,609 | |||
18 | Sempra Energy | 2,682 | |||
11,004 | |||||
Navigational, Measuring, Electromedical, and Control Instruments Manufacturing - 2.36% | |||||
16 | Agilent Technologies, Inc. | 1,948 | |||
12 | AMETEK, Inc. | 1,903 | |||
10 | Avantor, Inc.* | 206 | |||
40 | Danaher Corp. | 10,202 | |||
20 | Fortive Corp. | 1,567 | |||
24 | GE HealthCare Technologies, Inc. | 1,872 | |||
14 | Hologic, Inc.* | 1,112 | |||
4 | IDEXX Laboratories, Inc.* | 2,219 | |||
8 | Illumina, Inc.* | 1,537 | |||
10 | Keysight Technologies, Inc.* | 1,611 | |||
10 | L3Harris Technologies, Inc. | 1,895 | |||
72 | Medtronic plc# | 6,319 | |||
8 | Northrop Grumman Corp. | 3,560 | |||
6 | PerkinElmer, Inc. | 738 | |||
6 | Roper Technologies, Inc. | 2,958 | |||
8 | Teradyne, Inc. | 904 | |||
22 | Thermo Fisher Scientific, Inc. | 12,070 | |||
12 | Trane Technologies plc# | 2,393 | |||
4 | Trimble, Inc.* | 215 | |||
4 | Waters Corp.* | 1,105 | |||
56,334 | |||||
Newspaper, Periodical, Book, and Directory Publishers - 0.14% | |||||
24 | Thomson Reuters Corp.*# | 3,254 | |||
Nondepository Credit Intermediation - 0.45% | |||||
40 | American Express Co. | 6,755 | |||
176 | UBS Group AG# | 3,902 | |||
10,657 | |||||
Nonmetallic Mineral Mining and Quarrying - 0.15% | |||||
4 | Martin Marietta Materials, Inc. | 1,786 | |||
8 | Vulcan Materials Co. | 1,764 | |||
3,550 | |||||
Nonresidential Building Construction - 0.15% | |||||
170 | Stellantis N.V.# | 3,494 | |||
Office Administrative Services - 0.08% | |||||
56 | Baker Hughes Co. | 2,004 | |||
Offices of Physicians - 0.05% | |||||
4 | Molina Healthcare, Inc.* | 1,218 | |||
Offices of Real Estate Agents and Brokers - 0.06% | |||||
16 | CBRE Group, Inc.* | 1,333 | |||
Oil and Gas Extraction - 0.97% | |||||
60 | Canadian Natural Resources Ltd.# | 3,648 | |||
42 | Coterra Energy, Inc. | 1,157 | |||
36 | Devon Energy Corp. | 1,944 | |||
46 | Dominion Energy, Inc. | 2,463 | |||
32 | EOG Resources, Inc. | 4,242 | |||
4 | EQT Corp. | 169 | |||
34 | Marathon Oil Corp. | 893 | |||
48 | Occidental Petroleum Corp. | 3,030 | |||
26 | Phillips 66 | 2,900 | |||
12 | Pioneer Natural Resources Co. | 2,708 | |||
23,154 | |||||
Other Electrical Equipment and Component Manufacturing - 0.03% | |||||
2 | Hubbell, Inc. | 624 | |||
Other Fabricated Metal Product Manufacturing - 0.12% | |||||
32 | Emerson Electric Co. | 2,923 | |||
Other Financial Investment Activities - 1.60% | |||||
6 | Ameriprise Financial, Inc. | 2,091 | |||
30 | Apollo Global Management, Inc. | 2,451 | |||
8 | Ares Management Corp. | 794 | |||
8 | BlackRock, Inc. | 5,911 | |||
42 | Blackstone, Inc. | 4,401 | |||
86 | Brookfield Corp.# | 3,001 | |||
10 | Ferrari N.V.# | 3,204 | |||
124 | Lucid Group, Inc.* | 944 | |||
92 | Morgan Stanley | 8,423 | |||
18 | S&P Global, Inc. | 7,101 | |||
38,321 | |||||
Other Food Manufacturing - 0.23% | |||||
32 | General Mills, Inc. | 2,391 | |||
6 | J. M. Smucker Co. | 904 | |||
14 | McCormick & Co., Inc.+ | 1,253 | |||
10 | McCormick & Co., Inc. | 881 | |||
5,429 | |||||
Other General Purpose Machinery Manufacturing - 0.52% | |||||
4 | IDEX Corp. | 903 | |||
16 | Illinois Tool Works, Inc. | 4,213 | |||
2 | Mettler-Toledo International, Inc.* | 2,515 | |||
8 | Parker-Hannifin Corp. | 3,280 | |||
14 | Xylem, Inc. | 1,579 | |||
12,490 | |||||
Other Information Services - 2.04% | |||||
22 | CoStar Group, Inc.* | 1,847 | |||
140 | Meta Platforms, Inc.* | 44,604 | |||
38 | Pinterest, Inc.* | 1,102 | |||
6 | VeriSign, Inc.* | 1,266 | |||
48,819 | |||||
Other Investment Pools and Funds - 0.20% | |||||
26 | Alcon, Inc.# | 2,208 | |||
10 | Garmin Ltd.# | 1,059 | |||
12 | T. Rowe Price Group, Inc. | 1,479 | |||
4,746 | |||||
Other Miscellaneous Manufacturing - 0.14% | |||||
30 | 3M Co. | 3,345 | |||
Other Miscellaneous Store Retailers - 0.07% | |||||
22 | Amcor plc# | 226 | |||
6 | Tractor Supply Co. | 1,344 | |||
1,570 | |||||
Other Professional, Scientific, and Technical Services - 0.15% | |||||
4 | Gartner, Inc.* | 1,414 | |||
10 | IQVIA Holdings, Inc.* | 2,238 | |||
3,652 | |||||
Other Telecommunications - 0.60% | |||||
50 | BCE, Inc.# | 2,161 | |||
8 | ResMed, Inc. | 1,779 | |||
80 | TELUS Corp.# | 1,423 | |||
230 | Verizon Communications, Inc. | 7,838 | |||
16 | Zoom Video Communications, Inc. - Class A* | 1,174 | |||
14,375 | |||||
Other Transit and Ground Passenger Transportation - 0.23% | |||||
110 | Uber Technologies, Inc.* | 5,441 | |||
Paint, Coating, and Adhesive Manufacturing - 0.23% | |||||
12 | PPG Industries, Inc. | 1,727 | |||
14 | Sherwin-Williams Co. | 3,871 | |||
5,598 | |||||
Pesticide, Fertilizer, and Other Agricultural Chemical Manufacturing - 0.12% | |||||
10 | CF Industries Holdings, Inc. | 821 | |||
4 | Mosaic Co. | 163 | |||
28 | Nutrien Ltd.# | 1,929 | |||
2,913 | |||||
Petroleum and Coal Products Manufacturing - 1.32% | |||||
220 | Exxon Mobil Corp. | 23,593 | |||
24 | Marathon Petroleum Corp. | 3,192 | |||
72 | Suncor Energy, Inc.# | 2,253 | |||
20 | Valero Energy Corp. | 2,578 | |||
31,616 | |||||
Petroleum and Petroleum Products Merchant Wholesalers - 0.10% | |||||
172 | Energy Transfer LP | 2,286 | |||
Pharmaceutical and Medicine Manufacturing - 4.64% | |||||
96 | AbbVie, Inc. | 14,360 | |||
6 | Alnylam Pharmaceuticals, Inc.* | 1,172 | |||
30 | Amgen, Inc. | 7,025 | |||
8 | Biogen, Inc.* | 2,162 | |||
10 | BioMarin Pharmaceutical, Inc. * | 879 | |||
114 | Bristol-Myers Squibb Co. | 7,090 | |||
52 | Eli Lilly & Co. | 23,636 | |||
68 | Gilead Sciences, Inc. | 5,178 | |||
4 | Incyte Corp.* | 255 | |||
30 | Intercontinental Exchange, Inc. | 3,444 | |||
138 | Merck & Co., Inc. | 14,718 | |||
20 | Moderna, Inc.* | 2,353 | |||
308 | Pfizer, Inc. | 11,106 | |||
6 | Regeneron Pharmaceuticals, Inc.* | 4,451 | |||
10 | Seagen, Inc.* | 1,918 | |||
14 | Vertex Pharmaceuticals, Inc.* | 4,933 | |||
4 | West Pharmaceutical Services, Inc. | 1,472 | |||
26 | Zoetis, Inc. | 4,890 | |||
111,042 | |||||
Pipeline Transportation of Crude Oil - 0.17% | |||||
110 | Enbridge, Inc.# | 4,048 | |||
Pipeline Transportation of Natural Gas - 0.35% | |||||
118 | Enterprise Products Partners LP | 3,128 | |||
30 | Pembina Pipeline Corp.# | 950 | |||
54 | TC Energy Corp.# | 1,937 | |||
66 | The Williams Cos., Inc. | 2,274 | |||
8,289 | |||||
Plastics Product Manufacturing - 0.03% | |||||
6 | Entegris, Inc. | 658 | |||
Printing and Related Support Activities - 0.04% | |||||
28 | Warner Music Group Corp. | 883 | |||
Radio and Television Broadcasting - 0.52% | |||||
28 | Fox Corp. | 879 | |||
212 | Sirius XM Holdings, Inc. | 1,081 | |||
10 | Spotify Technology S.A.*# | 1,494 | |||
100 | Walt Disney Co.* | 8,890 | |||
12,344 | |||||
Rail Transportation - 0.84% | |||||
36 | Canadian National Railway Co.# | 4,364 | |||
50 | Canadian Pacific Kansas City Ltd.# | 4,115 | |||
112 | CSX Corp. | 3,732 | |||
34 | Union Pacific Corp. | 7,888 | |||
20,099 | |||||
Railroad Rolling Stock Manufacturing - 0.05% | |||||
10 | Westinghouse Air Brake Technologies Corp. | 1,184 | |||
Residential Building Construction - 0.21% | |||||
18 | DR Horton, Inc. | 2,285 | |||
16 | Lennar Corp. - Class B | 1,839 | |||
12 | PulteGroup, Inc. | 1,013 | |||
5,137 | |||||
Resin, Synthetic Rubber, and Artificial Synthetic Fibers and Filaments Manufacturing - 0.26% | |||||
6 | Albemarle Corp. | 1,274 | |||
38 | Dow, Inc. | 2,146 | |||
26 | DuPont de Nemours, Inc. | 2,018 | |||
6 | Westlake Corp. | 825 | |||
6,263 | |||||
Restaurants and Other Eating Places - 1.11% | |||||
2 | Chipotle Mexican Grill, Inc.* | 3,925 | |||
6 | Darden Restaurants, Inc. | 1,014 | |||
40 | McDonald's Corp. | 11,728 | |||
62 | Starbucks Corp. | 6,297 | |||
22 | Yum China Holdings, Inc. | 1,342 | |||
16 | Yum! Brands, Inc. | 2,203 | |||
26,509 | |||||
Sawmills and Wood Preservation - 0.04% | |||||
6 | Builders FirstSource, Inc.* | 867 | |||
Scheduled Air Transportation - 0.16% | |||||
8 | American Airlines Group, Inc.* | 134 | |||
36 | Delta Air Lines, Inc. | 1,665 | |||
32 | Southwest Airlines Co. | 1,093 | |||
18 | United Airlines Holdings, Inc.* | 978 | |||
3,870 | |||||
Scientific Research and Development Services - 0.17% | |||||
10 | Exact Sciences Corp.* | 975 | |||
12 | Horizon Therapeutics plc*# | 1,203 | |||
54 | MPLX LP | 1,918 | |||
4,096 | |||||
Securities and Commodity Contracts Intermediation and Brokerage - 0.64% | |||||
100 | Charles Schwab Corp. | 6,610 | |||
18 | Goldman Sachs Group, Inc. | 6,406 | |||
12 | Raymond James Financial, Inc. | 1,321 | |||
12 | Tradeweb Markets, Inc. | 981 | |||
15,318 | |||||
Securities and Commodity Exchanges - 0.26% | |||||
20 | CME Group, Inc. | 3,979 | |||
4 | LPL Financial Holdings, Inc. | 917 | |||
26 | Nasdaq, Inc. | 1,313 | |||
6,209 | |||||
Semiconductor and Other Electronic Component Manufacturing - 9.72% | |||||
88 | Advanced Micro Devices, Inc.* | 10,067 | |||
624 | Alphabet, Inc.* | 82,817 | |||
32 | Amphenol Corp. | 2,826 | |||
28 | Analog Devices, Inc. | 5,587 | |||
22 | Broadcom, Inc. | 19,770 | |||
8 | Enphase Energy, Inc. * | 1,215 | |||
30 | GlobalFoundries, Inc.*# | 1,911 | |||
228 | Intel Corp. | 8,156 | |||
8 | Lam Research Corp. | 5,748 | |||
46 | Marvell Technology, Inc. | 2,996 | |||
30 | Microchip Technology, Inc. | 2,818 | |||
60 | Micron Technology, Inc. | 4,283 | |||
2 | Monolithic Power Systems, Inc. | 1,119 | |||
134 | NVIDIA Corp. | 62,617 | |||
14 | NXP Semiconductors N.V.# | 3,122 | |||
24 | ON Semiconductor Corp.* | 2,586 | |||
22 | Otis Worldwide Corp. | 2,001 | |||
8 | Skyworks Solutions, Inc. | 915 | |||
50 | STMicroelectronics N.V.# | 2,684 | |||
50 | Texas Instruments, Inc. | 9,000 | |||
232,238 | |||||
Services to Buildings and Dwellings - 0.04% | |||||
26 | Rollins, Inc. | 1,062 | |||
Soap, Cleaning Compound, and Toilet Preparation Manufacturing - 1.61% | |||||
12 | Air Products and Chemicals, Inc. | 3,664 | |||
14 | Church & Dwight Co., Inc. | 1,339 | |||
6 | Clorox Co. | 909 | |||
46 | Colgate-Palmolive Co. | 3,508 | |||
16 | Ecolab, Inc. | 2,930 | |||
20 | Estee Lauder Cos., Inc. | 3,600 | |||
104 | Kenvue, Inc.* | 2,463 | |||
128 | Procter & Gamble Co. | 20,007 | |||
38,420 | |||||
Software Publishers - 9.52% | |||||
42 | Activision Blizzard, Inc.* | 3,896 | |||
26 | Adobe, Inc.* | 14,199 | |||
4 | ANSYS, Inc.* | 1,368 | |||
14 | Atlassian Corp.* | 2,547 | |||
12 | Autodesk, Inc.* | 2,544 | |||
4 | Bentley Systems, Inc. | 216 | |||
34 | Block, Inc.* | 2,738 | |||
14 | Cadence Design Systems, Inc.* | 3,276 | |||
6 | Check Point Software Technologies Ltd.*# | 793 | |||
12 | Crowdstrike Holdings, Inc.* | 1,940 | |||
18 | Datadog, Inc.* | 2,101 | |||
4 | Dynatrace, Inc.* | 219 | |||
14 | Electronic Arts, Inc. | 1,909 | |||
70 | Hewlett Packard Enterprise Co. | 1,217 | |||
2 | HubSpot, Inc.* | 1,161 | |||
16 | Intuit, Inc. | 8,187 | |||
442 | Microsoft Corp. | 148,476 | |||
44 | Mobileye Global, Inc.* | 1,680 | |||
2 | MongoDB, Inc.* | 847 | |||
6 | PTC, Inc.* | 875 | |||
54 | Salesforce, Inc.* | 12,151 | |||
70 | Shopify, Inc. - Class A*# | 4,731 | |||
6 | Splunk, Inc.* | 650 | |||
8 | Synopsys, Inc.* | 3,614 | |||
2 | Tyler Technologies, Inc.* | 793 | |||
8 | Veeva Systems, Inc. - Class A* | 1,634 | |||
24 | VMware, Inc.* | 3,783 | |||
227,545 | |||||
Steel Product Manufacturing from Purchased Steel - 0.04% | |||||
10 | Steel Dynamics, Inc. | 1,066 | |||
Sugar and Confectionery Product Manufacturing - 0.12% | |||||
12 | Hershey Co. | 2,776 | |||
Support Activities for Crop Production - 0.09% | |||||
38 | Corteva, Inc. | 2,144 | |||
Support Activities for Mining - 0.94% | |||||
104 | Cenovus Energy, Inc.# | 1,978 | |||
66 | ConocoPhillips | 7,769 | |||
10 | Diamondback Energy, Inc. | 1,473 | |||
50 | Halliburton Co. | 1,954 | |||
16 | Hess Corp. | 2,428 | |||
78 | Schlumberger Ltd.# | 4,551 | |||
12 | Targa Resources Corp. | 984 | |||
28 | Teck Resources Ltd. - Class B# | 1,244 | |||
22,381 | |||||
Tobacco Manufacturing - 0.54% | |||||
98 | Altria Group, Inc. | 4,451 | |||
84 | Philip Morris International, Inc. | 8,377 | |||
12,828 | |||||
Travel Arrangement and Reservation Services - 0.29% | |||||
2 | Booking Holdings, Inc.* | 5,942 | |||
8 | Expedia Group, Inc.* | 980 | |||
6,922 | |||||
Traveler Accommodation - 0.37% | |||||
14 | Hilton Worldwide Holdings, Inc. | 2,177 | |||
42 | Las Vegas Sands Corp.* | 2,512 | |||
16 | Marriott International, Inc. - Class A | 3,229 | |||
20 | MGM Resorts International | 1,015 | |||
8,933 | |||||
Ventilation, Heating, Air-Conditioning, and Commercial Refrigeration Equipment Manufacturing - 0.22% | |||||
46 | Carrier Global Corp. | 2,739 | |||
8 | Dover Corp. | 1,168 | |||
22 | Ingersoll Rand, Inc. | 1,436 | |||
5,343 | |||||
Waste Treatment and Disposal - 0.35% | |||||
18 | Republic Services, Inc. | 2,720 | |||
14 | Waste Connections, Inc.# | 1,976 | |||
22 | Waste Management, Inc. | 3,604 | |||
8,300 | |||||
Water, Sewage and Other Systems - 0.06% | |||||
10 | American Water Works Co., Inc. | 1,474 | |||
Wired and Wireless Telecommunications Carriers - 0.62% | |||||
390 | AT&T, Inc. | 5,663 | |||
66 | T-Mobile US, Inc.* | 9,093 | |||
14,756 | |||||
TOTAL COMMON STOCKS (Cost $1,918,234) | 2,335,853 | ||||
REITs - 1.93% | |||||
Lessors of Real Estate - 1.66% | |||||
26 | American Tower Corp. | 4,948 | |||
8 | AvalonBay Communities, Inc. | 1,509 | |||
24 | Crown Castle, Inc. | 2,599 | |||
16 | Digital Realty Trust, Inc. | 1,994 | |||
6 | Equinix, Inc. | 4,860 | |||
20 | Equity Residential | 1,319 | |||
6 | Mid-America Apartment Communities, Inc. | 898 | |||
50 | Prologis, Inc. | 6,237 | |||
10 | Public Storage | 2,818 | |||
36 | Realty Income Corp. | 2,195 | |||
6 | SBA Communications Corp. | 1,314 | |||
18 | Simon Property Group, Inc. | 2,243 | |||
6 | Sun Communities, Inc. | 782 | |||
22 | Ventas, Inc. | 1,067 | |||
54 | VICI Properties, Inc. | 1,700 | |||
28 | Welltower, Inc. | 2,300 | |||
12 | WP Carey, Inc. | 810 | |||
39,593 | |||||
Offices of Real Estate Agents and Brokers - 0.10% | |||||
10 | Alexandria Real Estate Equities, Inc. | 1,257 | |||
34 | Invitation Homes, Inc. | 1,207 | |||
2,464 | |||||
Veneer, Plywood, and Engineered Wood Product Manufacturing - 0.06% | |||||
40 | Weyerhaeuser Co. | 1,362 | |||
Warehousing and Storage - 0.11% | |||||
12 | Extra Space Storage, Inc. | 1,675 | |||
16 | Iron Mountain, Inc. | 982 | |||
2,657 | |||||
TOTAL REITs (Cost $43,794) | 46,076 | ||||
MONEY MARKET FUND - 0.32% | |||||
7,667 | First American Treasury Obligations Fund, Institutional Class, 5.25% † | 7,667 | |||
TOTAL MONEY MARKET FUND (Cost $7,667) | |||||
Total Investments in Securities (Cost $1,969,695) - 99.95% | 2,389,596 | ||||
Other Assets in Excess of Liabilities - 0.05% | 1,220 | ||||
Net Assets - 100.00% | $ | 2,390,816 | |||
* | Non-income producing security. | ||||
# | U.S. traded security of a foreign issuer. | ||||
† | Rate shown is the 7-day annualized yield as of July 31, 2023. | ||||
+ | Non-voting shares. | ||||
REIT | Real Estate Investment Trust |
Reverb ETF | ||||||||
Summary of Fair Value Disclosure at July 31, 2023 (Unaudited) | ||||||||
The Fund utilizes various methods to measure the fair value of its investments on a recurring basis. Accounting principles generally accepted in the United | ||||||||
States of America ("U.S. GAAP") establish a hierarchy that prioritizes inputs to valuation methods. The three levels of inputs are: | ||||||||
Level 1 - Unadjusted quoted prices in active markets for identical assets or liabilities that the Fund has the ability to access. | ||||||||
Level 2 - Observable inputs other than quoted prices included in Level 1 that are observable for the asset or liability, either directly or indirectly. These inputs may | ||||||||
include quoted prices for the identical instrument on an inactive market, prices for similar instruments, interest rates, prepayment speeds, credit risk, yield curves, | ||||||||
default rates and similar data. | ||||||||
Level 3 - Unobservable inputs for the asset or liability, to the extent relevant observable inputs are not available, representing the Fund's own assumptions | ||||||||
about the assumptions a market participant would use in valuing the asset or liability, and would be based on the best information available. | ||||||||
The following is a summary of the inputs used to value the Fund's investments as of July 31, 2023: |
Level 1 | Level 2 | Level 3 | Total | |||||||||||||
Common Stocks | ||||||||||||||||
Accomodation and Food Services | $ | 38,454 | $ | - | $ | - | $ | 38,454 | ||||||||
Administrative Support and Waste Management | 90,276 | - | - | 90,276 | ||||||||||||
Agriculture, Forestry, Fishing, and Hunting | 2,144 | - | - | 2,144 | ||||||||||||
Construction | 10,244 | - | - | 10,244 | ||||||||||||
Finance and Insurance | 298,211 | - | - | 298,211 | ||||||||||||
Health Care and Social Assistance | 7,314 | - | - | 7,314 | ||||||||||||
Information | 355,169 | - | - | 355,169 | ||||||||||||
Management of Companies and Enterprises | 15,133 | - | - | 15,133 | ||||||||||||
Manufacturing | 1,042,226 | - | - | 1,042,226 | ||||||||||||
Mining, Quarrying, and Oil and Gas Extraction | 61,257 | - | - | 61,257 | ||||||||||||
Professional, Scientific, and Technical Services | 77,498 | - | - | 77,498 | ||||||||||||
Real Estate, Rental, and Leasing | 15,207 | - | - | 15,207 | ||||||||||||
Retail Trade | 178,585 | - | - | 178,585 | ||||||||||||
Transportation and Warehousing | 61,697 | - | - | 61,697 | ||||||||||||
Utilities | 55,273 | - | - | 55,273 | ||||||||||||
Wholesale Trade | 27,165 | - | - | 27,165 | ||||||||||||
Total Common Stocks | 2,335,853 | - | - | 2,335,853 | ||||||||||||
REITs | 46,076 | - | - | 46,076 | ||||||||||||
Money Market Fund | 7,667 | - | - | 7,667 | ||||||||||||
Total Investments in Securities | $ | 2,389,596 | $ | - | $ | - | $ | 2,389,596 | ||||||||
Refer to the Fund’s schedule of investments for a detailed break-out of securities by industry classification. |