OneAscent
Large
Cap
Core
ETF
Schedule
of
Investments
May
31,
2023
-
(Unaudited)
COMMON
STOCKS
—
94.43%
Shares
Fair
Value
Consumer
Discretionary
—
10.09%
Booking
Holdings,
Inc.
(a)
356
$
893,122
General
Motors
Co.
16,775
543,678
Lennar
Corp.,
Class
B
5,225
494,024
NVR,
Inc.
(a)
103
572,085
Ralph
Lauren
Corp.
4,259
452,774
Ulta
Beauty,
Inc.
(a)
970
397,535
3,353,218
Consumer
Staples
—
5.64%
Bunge
Ltd.
11,440
1,059,802
Seaboard
Corp.
214
813,078
1,872,880
Energy
—
4.89%
Chevron
Corp.
7,456
1,123,023
Phillips
66
3,827
350,592
Valero
Energy
Corp.
1,412
151,140
1,624,755
Financials
—
12.35%
Ameriprise
Financial,
Inc.
4,472
1,334,758
Arch
Capital
Group
Ltd.
(a)
2,940
204,918
Chubb
Ltd.
5,957
1,106,811
Interactive
Brokers
Group,
Inc.,
Class
A
4,418
341,202
W.R.
Berkley
Corp.
20,013
1,114,323
4,102,012
Health
Care
—
15.21%
Abbott
Laboratories
12,705
1,295,910
Hologic,
Inc.
(a)
16,841
1,328,586
Incyte
Corp.
(a)
8,701
535,547
Molina
Healthcare,
Inc.
(a)
4,594
1,258,297
QuidelOrtho
Corp.
(a)
1,909
162,532
Royalty
Pharma
PLC,
Class
A
9,073
297,050
Vertex
Pharmaceuticals,
Inc.
(a)
542
175,375
5,053,297
Industrials
—
3.99%
AGCO
Corp.
1,916
211,296
Keysight
Technologies,
Inc.
(a)
4,262
689,592
PACCAR,
Inc.
6,156
423,410
1,324,298
Materials
—
1.72%
Albemarle
Corp.
1,533
296,681
Mosaic
Co.
(The)
3,677
117,517
Nucor
Corp.
1,195
157,812
572,010
Real
Estate
—
1.98%
Crown
Castle
International
Corp.
5,800
656,618
Technology
—
33.98%
Adobe,
Inc.
(a)
4,130
1,725,472
Akamai
Technologies,
Inc.
(a)
2,663
245,316
OneAscent
Large
Cap
Core
ETF
Schedule
of
Investments
(continued)
May
31,
2023
-
(Unaudited)
COMMON
STOCKS
—
94.43%
-
continued
Shares
Fair
Value
Technology
—
33.98%
-
continued
Avnet,
Inc.
13,530
$
593,155
Broadcom,
Inc.
750
605,970
Cisco
Systems,
Inc.
24,973
1,240,409
Gartner,
Inc.
(a)
3,485
1,194,867
Jabil,
Inc.
1,959
175,370
Lam
Research
Corp.
675
416,273
Microchip
Technology,
Inc.
5,671
426,799
Palo
Alto
Networks,
Inc.
(a)
3,640
776,740
PTC,
Inc.
(a)
1,619
217,594
Pure
Storage,
Inc.,
Class
A
(a)
9,390
270,338
Qorvo,
Inc.
(a)
6,674
649,113
Qualys,
Inc.
(a)
4,947
624,608
Salesforce,
Inc.
(a)
3,022
675,054
ServiceNow,
Inc.
(a)
1,235
672,803
SPS
Commerce,
Inc.
(a)
1,997
311,133
Workday,
Inc.,
Class
A
(a)
2,204
467,226
11,288,240
Utilities
—
4.58%
Clearway
Energy,
Inc.,
Class
C
16,900
485,537
FirstEnergy
Corp.
6,805
254,439
Sempra
5,446
781,664
1,521,640
Total
Common
Stocks/
Investments
—
94.43%
(Cost
$32,162,491
)
31,368,968
Other
Assets
in
Excess
of
Liabilities — 5.57%
1,851,138
NET
ASSETS
—
100.00%
$
33,220,106
(a)
Non-income
producing
security.
OneAscent
Core
Plus
Bond
ETF
Schedule
of
Investments
May
31,
2023
-
(Unaudited)
E
ASSET
BACKED
SECURITIES
—
11.88%
Principal
Amount
Fair
Value
Century
Plaza
Towers,
Series
2019-CPT,
Class
B,
3.00%,
11/13/2039
(a)(b)
$
740,000
$
533,859
COMM
Mortgage
Trust,
Series
2022-HC,
Class
B,
3.17%,
1/10/2039
(a)
1,000,000
827,913
DBUBS
Mortgage
Trust,
Series
2017-BRBK,
Class
A,
3.45%,
10/10/2034
(a)
1,000,000
908,637
GoodLeap
Sustainable
Home
Solutions
Trust,
Series
2022-3CS,
Class
B,
5.50%,
7/20/2049
(a)
1,250,000
1,072,082
GoodLeap
Sustainable
Home
Solutions
Trust,
Series
2022-3CS,
Class
B,
5.52%,
2/22/2055
(a)
1,070,885
1,036,599
Hertz
Vehicle
Financing,
LLC,
Series
2023-2A,
Class
C,
7.13%,
9/25/2029
(a)
900,000
897,132
J.P.
Morgan
Chase
Commercial
Mortgage
Securities
Trust,
Series
2020-
609M,
Class
A,
6.48%,
10/15/2033
(US0001M
+
1.370bps)
(a)(b)
1,000,000
912,170
Mosaic
Solar
Loan
Trust,
Series
2022-3A,
Class
A,
6.10%,
6/20/2053
(a)
882,230
900,190
Mosaic
Solar
Loans
Trust,
Series
2023-2A,
Class
C,
8.18%,
9/22/2053
(a)
500,000
428,555
Natixis
Commercial
Mortgage
Securities
Trust,
Series
2019-MILE,
Class
A,
6.64%,
7/15/2036
(US0001M
+
1.500bps)
(a)(b)
1,000,000
939,598
One
Bryant
Park
Trust,
Series
2019-OBP,
Class
A,
2.52%,
9/15/2054
(a)
500,000
411,175
One
Market
Plaza
Trust,
Series
2017-1MKT,
Class
A,
3.61%,
2/10/2024
(a)
1,000,000
923,856
One
Market
Plaza
Trust,
Series
2017-1MKT,
Class
C,
4.02%,
2/10/2032
(a)
500,000
440,421
STWD
Mortgage
Trust,
Series
2021-LIH,
Class
B,
6.76%,
11/15/2036
(US0001M
+
1.656bps)
(a)(b)
1,000,000
959,757
Sunrun
Jupiter
Issuer,
LLC,
Series
2022-1A,
Class
A,
4.75%,
7/30/2057
(a)
938,275
842,225
Vivint
Solar
Financing
V,
LLC,
Series
2018-1A,
Class
B,
7.37%,
4/30/2048
(a)
577,791
534,199
Total
Asset
Backed
Securities
(Cost $13,484,083)
12,568,368
COLLATERALIZED
MORTGAGE
OBLIGATIONS
—
0.82%
Freddie
Mac
Multiclass
Certificates,
Series
2022-P013,
Class
A2,
2.76%,
2/25/2032
(b)
1,000,000
869,426
Total
Collateralized
Mortgage
Obligations
(Cost $945,607)
869,426
CORPORATE
BONDS
—
37.93%
Communications
—
0.77%
Alphabet,
Inc.,
1.10%,
8/15/2030
1,000,000
816,134
Consumer
Discretionary
—
2.62%
Conservation
Fund,
Series
2019,
3.47%,
12/15/2029
1,000,000
860,378
Magna
International,
Inc.,
2.45%,
6/15/2030
1,000,000
857,135
Walmart,
Inc.,
1.80%,
9/22/2031
1,000,000
834,142
ZF
North
America
Capital,
Inc.,
6.88%,
4/14/2028
(a)
225,000
225,461
2,777,116
Consumer
Staples
—
1.64%
PepsiCo,
Inc.,
3.90%,
7/18/2032
1,100,000
1,064,997
Unilever
Capital
Corp.,
2.63%,
8/12/2051
1,000,000
675,178
1,740,175
Energy
—
2.36%
BP
Capital
Markets
America,
Inc.,
4.81%,
2/13/2033
1,000,000
989,108
BP
Capital
Markets
America,
Inc.,
2.77%,
11/10/2050
1,000,000
649,309
OneAscent
Core
Plus
Bond
ETF
Schedule
of
Investments
(continued)
May
31,
2023
-
(Unaudited)
CORPORATE
BONDS
—
37.93%
-
continued
Principal
Amount
Fair
Value
Equinor
ASA,
3.95%,
5/15/2043
$
1,000,000
$
856,057
2,494,474
Financials
—
7.16%
BB
Blue
Financing
DAC,
Series
A2,
4.40%,
9/20/2029
1,000,000
993,780
BB
Blue
Financing
DAC,
Series
A1,
4.40%,
9/20/2037
1,000,000
1,005,620
HSBC
Holdings
PLC,
5.40%,
8/11/2033
(SOFRRATE
+
2.870bps)
(b)
1,075,000
1,052,690
ING
Groep
N.V.,
1.40%,
7/1/2026
(H15T1Y
+
1.100bps)
(a)(b)
1,000,000
915,305
National
Bank
of
Canada,
MTN,
0.55%,
11/15/2024
(H15T1Y
+
0.400bps)
(b)
1,000,000
975,553
OMERS
Finance
Trust,
3.50%,
4/19/2032
(a)
1,000,000
931,296
OMERS
Finance
Trust,
4.00%,
4/19/2052
(a)
1,000,000
830,767
Province
of
Quebec
Canada,
1.90%,
4/21/2031
1,000,000
858,060
7,563,071
Health
Care
—
1.67%
Amgen,
Inc.,
5.25%,
3/2/2033
925,000
929,260
Takeda
Pharmaceutical
Co.,
Ltd.,
2.05%,
3/31/2030
1,000,000
835,485
1,764,745
Industrials
—
3.65%
Delta
Air
Lines
Pass
Through
Trust,
Series
2020-1,
Class
A,
2.50%,
6/10/2028
1,524,982
1,310,721
Otis
Worldwide
Corp.,
3.11%,
2/15/2040
1,000,000
760,131
Tote
Shipholdings,
LLC,
3.40%,
10/16/2040
994,000
922,219
Vessel
Management
Services,
Inc.,
3.48%,
1/16/2037
931,000
872,991
3,866,062
Materials
—
2.10%
Cemex
S.A.B.
de
C.V.,
9.13%,
Perpetual
(H15T5Y
+
490.700bps)
(a)(b)
625,000
627,844
FMG
Resources
(August
2006)
Pty
Ltd.,
6.13%,
4/15/2032
(a)
500,000
473,092
Newmont
Corp.,
2.25%,
10/1/2030
1,000,000
829,144
Owens-Brockway
Glass
Container,
Inc.,
7.25%,
5/15/2031
(a)
290,000
295,075
2,225,155
Multi-Nationals
—
5.87%
Central
American
Bank
for
Economic
Integration,
5.00%,
2/9/2026
(a)
250,000
250,660
European
Investment
Bank,
0.75%,
9/23/2030
1,000,000
810,906
Inter-American
Development
Bank,
GMTN,
3.50%,
4/12/2033
1,000,000
969,380
Inter-American
Investment
Corp.,
2.63%,
4/22/2025
1,000,000
961,868
International
Bank
for
Reconstruction
&
Development,
EMTN,
Zero
Coupon,
3/31/2028
500,000
499,311
Kreditanstalt
fuer
Wiederaufbau,
1.00%,
10/1/2026
1,000,000
905,995
OPEC
Fund
for
International
Development
(The),
4.50%,
1/26/2026
(a)
900,000
898,122
United
States
International
Development
Finance,
3.43%,
6/1/2033
975,992
921,687
6,217,929
Real
Estate
—
1.74%
HAT
Holdings
I,
LLC/HAT
Holdings
II,
LLC,
3.38%,
6/15/2026
(a)
1,000,000
875,925
Preservation
of
Affordable
Housing,
Inc.,
4.48%,
12/1/2032
1,000,000
968,150
1,844,075
Technology
—
1.80%
Apple,
Inc.,
3.00%,
6/20/2027
1,000,000
960,576
Intel
Corp.,
4.15%,
8/5/2032
1,000,000
949,578
OneAscent
Core
Plus
Bond
ETF
Schedule
of
Investments
(continued)
May
31,
2023
-
(Unaudited)
CORPORATE
BONDS
—
37.93%
-
continued
Principal
Amount
Fair
Value
$
1,910,154
Utilities
—
6.55%
AES
Corp.
(The),
5.45%,
6/1/2028
$
1,000,000
988,226
Ameren
Illinois
Co.,
2.90%,
6/15/2051
1,000,000
669,511
Duke
Energy
Carolinas,
LLC,
3.55%,
3/15/2052
1,000,000
757,031
Duke
Energy
Progress,
LLC,
3.45%,
3/15/2029
850,000
790,940
New
York
State
Electric
&
Gas
Corp.,
2.15%,
10/1/2031
(a)
1,000,000
795,920
Public
Service
Electric
and
Gas
Co.,
MTN,
5.13%,
3/15/2053
400,000
395,161
San
Diego
Gas
&
Electric
Co.,
2.95%,
8/15/2051
1,000,000
674,769
Topaz
Solar
Farms,
LLC,
5.75%,
9/30/2039
(a)
982,740
969,242
Vistra
Corp.,
7.00%,
Perpetual
(H15T5Y
+
5.740bps)
(a)(b)
1,000,000
880,525
6,921,325
Total
Corporate
Bonds
(Cost $42,913,426)
40,140,415
FOREIGN
GOVERNMENT
BONDS
—
2.03%
Canada
Government
International
Bond,
2.88%,
4/28/2025
1,100,000
1,067,677
Canada
Government
International
Bond,
3.75%,
4/26/2028
1,085,000
1,079,864
Total
Foreign
Government
Bonds
(Cost $2,180,247)
2,147,541
MUNICIPAL
BONDS
—
7.20%
District
of
Columbia
—
1.61%
District
of
Columbia,
Revenue
,
3.85
%,
2/28/2025
1,750,000
1,701,963
Florida
—
0.96%
Florida
Development
Finance
Corp.,
Revenue,
Series
A
,
7.25
%,
7/1/2057
1,000,000
1,016,496
Indiana
—
0.94%
Fort
Wayne,
Solid
Waste
Facility,
Revenue,
Series
2022A-2
,
10.75
%,
12/1/2029
1,000,000
997,318
Montana
—
0.99%
Gallatin
County
Industrial
Development,
Revenue,
Series
B
,
11.50
%,
9/1/2027
1,000,000
1,046,185
New
York
—
1.85%
Metropolitan
Transportation
Authority,
Revenue
,
5.18
%,
11/15/2049
1,000,000
920,717
New
York
State
Energy
Research
&
Development
Authority,
Revenue,
Series
A
,
4.87
%,
4/1/2037
1,130,000
1,039,524
1,960,241
Pennsylvania
—
0.40%
Redevelopment
Authority
of
the
City
of
Philadelphia,
Revenue,
Series
A
,
4.94
%,
9/1/2031
425,000
427,599
Wisconsin
—
0.45%
Fond
du
Lac
County
Social
Bonds,
Revenue,
Series
A
,
5.57
%,
11/1/2051
500,000
475,376
Total
Municipal
Bonds
(Cost $7,846,770)
7,625,178
TERM
LOANS
—
2.60%
Utilities
—
1.81%
OneAscent
Core
Plus
Bond
ETF
Schedule
of
Investments
(continued)
May
31,
2023
-
(Unaudited)
TERM
LOANS
—
2.60%
-
continued
Principal
Amount
Fair
Value
ExGen
Renewables
IV,
LLC,
7.24%,
12/15/2027
(US0001M
+
250.000bps)
(b)
$
943,711
$
937,223
TerraForm
Power
Operating,
LLC,
6.40%,
5/30/2029
(TSFR1M
+
275.000bps)
(b)
992,500
980,094
1,917,317
Industrials
—
0.79%
LTR
Intermediate
Holdings,
Inc.,
6.75%,
5/7/2028
(US0001M
+
450.000bps)
(b)
989,924
836,486
Total
Term
Loans
(Cost $2,894,303)
2,753,803
U.S.
GOVERNMENT
&
AGENCIES
—
35.22%
Fannie
Mae
Pool,
4.00
%
,
5/1/2044
857,777
828,034
Fannie
Mae
Pool,
2.00
%
,
6/1/2051
950,297
783,637
Fannie
Mae
Pool,
2.50
%
,
2/1/2052
2,189,929
1,885,696
Fannie
Mae
Pool,
2.50
%
,
2/1/2052
202,899
174,679
Fannie
Mae
Pool,
3.00
%
,
4/1/2052
2,759,387
2,462,124
Fannie
Mae
Pool,
3.50
%
,
4/1/2052
2,772,133
2,546,377
Fannie
Mae
Pool,
5.00
%
,
5/1/2052
179,445
176,838
Fannie
Mae
Pool,
5.00
%
,
7/1/2052
445,001
438,379
Fannie
Mae
Pool,
4.00
%
,
8/1/2052
1,118,572
1,057,399
Fannie
Mae
Pool,
4.50
%
,
8/1/2052
2,062,581
1,995,393
Fannie
Mae
Pool,
4.50
%
,
9/1/2052
1,196,048
1,157,056
Fannie
Mae
Pool,
4.00
%
,
10/1/2052
1,340,079
1,266,583
Fannie
Mae
Pool,
5.00
%
,
10/25/2052
715,496
704,743
Federal
National
Mortgage
Association,
0.88
%
,
8/5/2030
1,000,000
813,131
Freddie
Mac
Pool,
3.00
%
,
2/1/2052
220,896
197,161
Freddie
Mac
Pool,
2.00
%
,
3/1/2052
1,106,564
915,295
Freddie
Mac
Pool,
4.00
%
,
4/1/2052
196,023
185,425
Ginnie
Mae
II
Pool,
2.50
%
,
9/20/2051
1,491,973
1,304,564
Ginnie
Mae
II
Pool,
3.00
%
,
12/20/2051
1,771,282
1,593,013
Ginnie
Mae
II
Pool,
3.00
%
,
5/20/2052
104,100
93,618
Ginnie
Mae
II
Pool,
3.50
%
,
7/20/2052
208,200
192,931
Ginnie
Mae
II
Pool,
4.00
%
,
9/20/2052
1,062,997
1,010,133
Ginnie
Mae
II
Pool,
4.50
%
,
12/20/2052
741,471
719,723
United
States
Treasury
Bond,
2.38
%
,
2/15/2042
483,000
377,514
United
States
Treasury
Note,
4.25
%
,
5/31/2025
1,763,000
1,758,420
United
States
Treasury
Note,
3.63
%
,
5/15/2026
561,000
554,623
United
States
Treasury
Note,
3.63
%
,
5/31/2028
1,350,000
1,342,881
United
States
Treasury
Note,
3.75
%
,
5/31/2030
122,000
122,400
United
States
Treasury
Note,
3.38
%
,
5/15/2033
4,148,000
4,058,235
United
States
Treasury
Note,
3.88
%
,
5/15/2043
3,770,000
3,702,552
United
States
Treasury
Note,
3.63
%
,
2/15/2053
2,982,000
2,856,197
Total
U.S.
Government
&
Agencies
(Cost $38,486,672)
37,274,754
Total
Investments
—
97.68%
(Cost
$108,751,108
)
103,379,485
Other
Assets
in
Excess
of
Liabilities — 2.32%
2,457,690
OneAscent
Core
Plus
Bond
ETF
Schedule
of
Investments
(continued)
May
31,
2023
-
(Unaudited)
Total
Investments
—
97.68%
(Cost
$108,751,108)
NET
ASSETS
—
100.00%
$
105,837,175
(a)
Security
exempt
from
registration
under
Rule
144A
or
Section
4(2)
of
the
Securities
Act
of
1933.
The
security
may
be
resold
in
transactions
exempt
from
registration,
normally
to
qualified
institutional
buyers.
(b)
Variable
rate
security.
Interest
rate
resets
periodically.
The
rate
shown
is
the
effective
interest
rate
as
of
May
31,
2023.
For
securities
based
on
a
published
reference
rate
and
spread,
the
reference
rate
and
spread
(in
basis
points)
are
indicated
parenthetically.
Certain
variable
rate
securities
are
not
based
on
a
published
reference
rate
and
spread
but
are
determined
by
the
issuer
or
agent
and
are
based
on
current
market
conditions.
These
securities,
therefore,
do
not
indicate
a
reference
rate
and
spread.
EMTN
-
Euro
Medium
Term
Note
GMTN
-
Global
Medium
Term
Note
MTN
-
Medium
Term
Note
OneAscent
International
Equity
ETF
Schedule
of
Investments
May
31,
2023
-
(Unaudited)
COMMON
STOCKS
—
92.18%
Shares
Fair
Value
Communications
—
1.87%
Trip.com
Group
Ltd.
(China)
(a)
58,971
$
1,891,749
Consumer
Discretionary
—
2.71%
China
Literature
Ltd.
(Cayman
Islands)
(a)
266,320
1,006,702
Valeo
S.A.
(France)
90,314
1,733,504
2,740,206
Consumer
Staples
—
13.13%
Carrefour
S.A.
(France)
129,444
2,377,360
Dollarama,
Inc.
(Canada)
34,914
2,123,762
Kimberly-Clark
de
Mexico
SAB
de
CV
(Mexico)
1,509,444
3,084,869
L'Oreal
S.A.
(France)
5,106
2,177,294
Nestle
S.A.
-
ADR
(Switzerland)
29,532
3,506,334
13,269,619
Financials
—
18.04%
AIA
Group
Ltd.
(Hong
Kong)
251,161
2,408,783
Bangkok
Bank
PCL
(Thailand)
643,770
3,024,572
Bank
Rakyat
Indonesia
Persero
Tbk
P.T.
(Indonesia)
9,470,940
3,521,911
DBS
Group
Holdings
Ltd.
(Singapore)
143,934
3,225,000
HDFC
Bank
Ltd.
-
ADR
(India)
32,844
2,115,154
KBC
Group
N.V.
(Belgium)
60,306
3,943,060
18,238,480
Health
Care
—
5.93%
PHC
Holdings
Corp.
(Japan)
154,560
1,626,025
Santen
Pharmaceutical
Co.
Ltd.
(Japan)
241,224
2,193,276
Straumann
Holding
AG
(Switzerland)
14,904
2,177,785
5,997,086
Industrials
—
21.87%
Adecco
Group
AG
(Switzerland)
66,654
1,987,422
CAE,
Inc.
(Canada)
(a)
103,086
2,107,903
China
Airlines
Ltd.
(Taiwan
Province
of
China)
1,591,000
1,149,110
Daikin
Industries
Ltd.
(Japan)
11,231
2,140,635
Element
Fleet
Management
Corp.
(Canada)
236,394
3,585,289
Ferguson
plc
(United
Kingdom)
18,354
2,665,012
Intertek
Group
plc
(United
Kingdom)
31,878
1,646,907
Mitsubishi
Electric
Corp.
(Japan)
177,744
2,320,191
MTU
Aero
Engines
A.G.
(Germany)
11,454
2,641,630
Nabtesco
Corp.
(Japan)
83,115
1,854,966
22,099,065
Materials
—
7.47%
CRH
plc
(Ireland)
69,966
3,297,532
Givaudan
S.A.
(Switzerland)
552
1,815,578
Smurfit
Kappa
Group
plc
(Ireland)
68,448
2,430,829
7,543,939
Technology
—
21.16%
ASML
Holding
N.V.
(Netherlands)
4,692
3,391,988
ASMPT
Ltd.
(Hong
Kong)
260,568
2,219,486
Constellation
Software,
Inc.
(Canada)
1,104
2,250,962
Murata
Manufacturing
Co.
Ltd.,
F
(Japan)
36,580
2,152,290
OneAscent
International
Equity
ETF
Schedule
of
Investments
(continued)
May
31,
2023
-
(Unaudited)
COMMON
STOCKS
—
92.18%
-
continued
Shares
Fair
Value
Technology
—
21.16%
-
continued
Nomura
Research
Institute
Ltd.
(Japan)
81,282
$
2,047,376
Novatek
Microelectronics
Corp.
(Taiwan
Province
of
China)
141,000
1,951,898
NXP
Semiconductors
NV
(Netherlands)
10,212
1,828,969
Taiwan
Semiconductor
Manufacturing
Co.,
Ltd.
-
ADR
(Taiwan
Province
of
China)
32,201
3,174,697
Topicus.com,
Inc.
(Canada)
(a)
33,396
2,369,421
21,387,087
Total
Common
Stocks/
Investments
—
92.18%
(Cost
$83,684,959
)
93,167,231
Other
Assets
in
Excess
of
Liabilities — 7.82%
7,900,159
NET
ASSETS
—
100.00%
$
101,067,390
(a)
Non-income
producing
security.
ADR
-
American
Depositary
Receipt
OneAscent
Emerging
Markets
ETF
Schedule
of
Investments
May
31,
2023
-
(Unaudited)
COMMON
STOCKS
—
93.33%
Shares
Fair
Value
Communications
—
1.86%
Trip.com
Group
Ltd.
(China)
(a)
15,516
$
497,743
Consumer
Discretionary
—
10.70%
Ace
Hardware
Indonesia
Tbk
P.T.
(Indonesia)
11,567,351
486,088
China
Literature
Ltd.
(Cayman
Islands)
(a)
140,388
530,673
Coway
Co.
Ltd.
(South
Korea)
8,792
320,252
Haier
Smart
Home
Co.
Ltd.,
H
Shares
(China)
304,722
873,626
MercadoLibre,
Inc.
(Argentina)
(a)
284
351,876
Sendas
Distribuidora
S.A.
(Brazil)
137,800
294,215
2,856,730
Consumer
Staples
—
6.20%
Charoen
Pokphand
Foods
PCL
(Thailand)
467,517
270,856
Indofood
CBP
Sukses
Makmur
Tbk
P.T.
(Indonesia)
814,231
635,439
Kimberly-Clark
de
Mexico
SAB
de
CV
(Mexico)
366,238
748,485
1,654,780
Financials
—
20.45%
Banco
Bradesco
S.A.
-
ADR
(Brazil)
125,465
386,432
Bangkok
Bank
PCL
(Thailand)
166,642
782,921
Bank
Rakyat
Indonesia
Persero
Tbk
P.T.
(Indonesia)
2,698,543
1,003,494
BB
Seguridade
Participacoes
S.A.
(Brazil)
87,800
538,148
Chailease
Holding
Co.
Ltd.
(Taiwan
Province
of
China)
140,000
922,341
HDFC
Bank
Ltd.
-
ADR
(India)
12,126
780,915
Hong
Kong
Exchanges
&
Clearing
Ltd.
(Hong
Kong)
12,138
444,251
Regional
S.A.B.
de
C.V.
(Mexico)
77,075
600,446
5,458,948
Health
Care
—
4.02%
Dentium
Co.
Ltd.
(South
Korea)
(a)
8,935
1,072,027
Industrials
—
8.45%
China
Airlines
Ltd.
(Taiwan
Province
of
China)
1,023,000
738,869
Sarana
Menara
Nusantara
Tbk
P.T.
(Indonesia)
7,697,333
508,295
Sporton
International,
Inc.
(Taiwan
Province
of
China)
48,000
377,135
Voltronic
Power
Technology
Corp.
(Taiwan
Province
of
China)
10,000
631,161
2,255,460
Materials
—
3.41%
Hanwha
Solutions
Corp.
(South
Korea)
(a)
11,956
404,750
Orbia
Advance
Corp.
SAB
de
CV
(Mexico)
239,457
506,168
910,918
Technology
—
38.24%
Accton
Technology
Corp.
(Taiwan
Province
of
China)
76,000
872,824
ASMPT
Ltd.
(Hong
Kong)
77,748
662,248
DB
HiTek
Co.
Ltd.
(South
Korea)
23,237
1,061,757
eMemory
Technology,
Inc.
(Taiwan
Province
of
China)
10,000
598,627
Infosys
Ltd.
-
ADR
(India)
40,090
639,836
MediaTek,
Inc.
(Taiwan
Province
of
China)
42,000
1,037,121
Novatek
Microelectronics
Corp.
(Taiwan
Province
of
China)
39,000
539,887
Powerchip
Semiconductor
Manufacturing
Corp.
(Taiwan
Province
of
China)
228,000
229,209
OneAscent
Emerging
Markets
ETF
Schedule
of
Investments
(continued)
May
31,
2023
-
(Unaudited)
COMMON
STOCKS
—
93.33%
-
continued
Shares
Fair
Value
Technology
—
38.24%
-
continued
Samsung
Electronics
Co.
Ltd.
(South
Korea)
35,906
$
1,939,426
Samsung
SDI
Co.
Ltd.
(South
Korea)
1,101
598,026
Taiwan
Semiconductor
Manufacturing
Co.
Ltd.
(Taiwan
Province
of
China)
95,000
1,724,631
Unimicron
Technology
Corp.
(Taiwan
Province
of
China)
52,000
305,365
10,208,957
Total
Common
Stocks/
Investments
—
93.33%
(Cost
$22,212,266
)
24,915,563
Other
Assets
in
Excess
of
Liabilities — 6.67%
1,782,005
NET
ASSETS
—
100.00%
$
26,697,568
(a)
Non-income
producing
security.
ADR
-
American
Depositary
Receipt