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Unified Series Trust NPORT-POneascent International Equity Etf (Nov 2023 report)

Filed: 25 Jan 24, 11:33am

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OneAscent

Large

Cap

Core

ETF

Schedule

of

Investments

November

30,

2023

-

(Unaudited)

COMMON

STOCKS

—

90.58%

Shares

Fair

Value

Consumer

Discretionary

—

6.85%

Booking

Holdings,

Inc.

(a)

350‌

$

1,093,995‌

Lennar

Corp.,

Class

B

7,829‌

898,299‌

NVR,

Inc.

(a)

165‌

1,015,640‌

Ralph

Lauren

Corp.

6,398‌

827,773‌

3,835,707‌

Consumer

Staples

—

5.30%

Bunge

Global

S.A.

17,175‌

1,887,017‌

Seaboard

Corp.

307‌

1,079,102‌

2,966,119‌

Energy

—

3.47%

Chevron

Corp.

6,526‌

937,134‌

Phillips

66

5,749‌

740,988‌

Valero

Energy

Corp.

2,125‌

266,390‌

1,944,512‌

Financials

—

11.29%

Ameriprise

Financial,

Inc.

3,419‌

1,208,651‌

Arch

Capital

Group

Ltd.

(a)

4,397‌

367,985‌

Chubb

Ltd.

8,933‌

2,049,498‌

Interactive

Brokers

Group,

Inc.,

Class

A

6,619‌

515,223‌

W.R.

Berkley

Corp.

30,026‌

2,178,386‌

6,319,743‌

Health

Care

—

14.06%

Abbott

Laboratories

19,060‌

1,987,767‌

Hologic,

Inc.

(a)

25,273‌

1,801,965‌

Incyte

Corp.

(a)

13,041‌

708,648‌

Molina

Healthcare,

Inc.

(a)

6,888‌

2,517,978‌

QuidelOrtho

Corp.

(a)

2,870‌

197,255‌

Royalty

Pharma

PLC,

Class

A

13,599‌

368,125‌

Vertex

Pharmaceuticals,

Inc.

(a)

821‌

291,299‌

7,873,037‌

Industrials

—

3.65%

AGCO

Corp.

2,877‌

326,626‌

Keysight

Technologies,

Inc.

(a)

6,401‌

869,831‌

PACCAR,

Inc.

9,225‌

847,040‌

2,043,497‌

Materials

—

1.39%

Albemarle

Corp.

2,308‌

279,892‌

Mosaic

Co.

(The)

5,506‌

197,610‌

Nucor

Corp.

1,784‌

303,226‌

780,728‌

Real

Estate

—

1.83%

Crown

Castle

International

Corp.

8,714‌

1,021,978‌

Technology

—

38.81%

Adobe,

Inc.

(a)

3,801‌

2,322,448‌

Akamai

Technologies,

Inc.

(a)

3,996‌

461,658‌

Applied

Materials,

Inc.

7,511‌

1,124,998‌

Avnet,

Inc.

20,288‌

948,667‌

OneAscent

Large

Cap

Core

ETF

Schedule

of

Investments

(continued)

November

30,

2023

-

(Unaudited)

COMMON

STOCKS

—

90.58%

-

continued

Shares

Fair

Value

Technology

—

38.81%

-

continued

Broadcom,

Inc.

1,122‌

$

1,038,669‌

Cisco

Systems,

Inc.

37,466‌

1,812,605‌

Gartner,

Inc.

(a)

5,221‌

2,270,300‌

Jabil,

Inc.

2,951‌

340,309‌

Lam

Research

Corp.

1,016‌

727,375‌

Microchip

Technology,

Inc.

8,492‌

708,572‌

Oracle

Corp.

14,112‌

1,639,956‌

Palo

Alto

Networks,

Inc.

(a)

5,469‌

1,613,847‌

PTC,

Inc.

(a)

2,425‌

381,598‌

Pure

Storage,

Inc.,

Class

A

(a)

14,071‌

468,705‌

Qorvo,

Inc.

(a)

10,022‌

967,123‌

Qualys,

Inc.

(a)

7,427‌

1,372,807‌

Salesforce,

Inc.

(a)

3,363‌

847,140‌

ServiceNow,

Inc.

(a)

1,855‌

1,272,048‌

SPS

Commerce,

Inc.

(a)

2,989‌

514,945‌

Workday,

Inc.,

Class

A

(a)

3,320‌

898,790‌

21,732,560‌

Utilities

—

3.93%

Clearway

Energy,

Inc.,

Class

C

25,363‌

633,314‌

FirstEnergy

Corp.

10,215‌

377,342‌

Sempra

16,348‌

1,191,279‌

2,201,935‌

Total

Common

Stocks/

Investments

—

90.58%

(Cost

$45,703,777

)

50,719,816‌

Other

Assets

in

Excess

of

Liabilities — 9.42%

5,271,948‌

NET

ASSETS

—

100.00%

$

55,991,764‌

(a)

Non-income

producing

security.

OneAscent

Core

Plus

Bond

ETF

Schedule

of

Investments

November

30,

2023

-

(Unaudited)

ASSET

BACKED

SECURITIES

—

12.41%

Principal

Amount

Fair

Value

Century

Plaza

Towers,

Series

2019-CPT,

Class

B,

3.10%,

11/13/2039

(a)(b)

$

740,000‌

$

558,833‌

COMM

Mortgage

Trust,

Series

2022-HC,

Class

B,

3.17%,

1/10/2039

(a)

1,000,000‌

831,721‌

Frontier

Issuer,

LLC,

Series

1,

Class

C,

11.50%,

8/20/2053

(a)

1,000,000‌

966,913‌

GoodLeap

Sustainable

Home

Solutions

Trust,

Series

2022-3CS,

Class

B,

5.50%,

7/20/2049

(a)

1,250,000‌

1,051,387‌

GoodLeap

Sustainable

Home

Solutions

Trust,

Series

2022-3CS,

Class

B,

5.52%,

2/22/2055

(a)

1,039,178‌

988,505‌

Helios

Issuer,

LLC,

Series

2023-B,

Class

C,

6.00%,

8/22/2050

(a)

881,392‌

777,131‌

Hertz

Vehicle

Financing,

LLC,

Series

2023-2A,

Class

C,

7.13%,

9/25/2029

(a)

900,000‌

881,166‌

J.P.

Morgan

Chase

Commercial

Mortgage

Securities

Trust,

Series

2020-

609M,

Class

A,

7.06%,

10/15/2033

(US0001M

+

1.370bps)

(a)(b)

1,000,000‌

944,000‌

Mosaic

Solar

Loan

Trust,

Series

2022-3A,

Class

A,

6.16%,

6/20/2053

(a)

848,274‌

841,417‌

Mosaic

Solar

Loan

Trust,

Series

2023-2A,

Class

C,

8.18%,

9/22/2053

(a)

500,000‌

467,913‌

Natixis

Commercial

Mortgage

Securities

Trust,

Series

2019-MILE,

Class

A,

6.90%,

7/15/2036

(US0001M

+

1.500bps)

(a)(b)

848,857‌

769,886‌

One

Bryant

Park

Trust,

Series

2019-OBP,

Class

A,

2.52%,

9/15/2054

(a)

500,000‌

407,531‌

One

Market

Plaza

Trust,

Series

2017-1MKT,

Class

A,

3.61%,

2/10/2024

(a)

500,000‌

456,596‌

One

Market

Plaza

Trust,

Series

2017-1MKT,

Class

C,

4.02%,

2/10/2032

(a)

500,000‌

416,875‌

STWD

Mortgage

Trust,

Series

2021-LIH,

Class

B,

7.09%,

11/15/2036

(US0001M

+

1.656bps)

(a)(b)

1,000,000‌

974,467‌

Sunrun

Jupiter

Issuer,

LLC,

Series

2022-1A,

Class

A,

4.75%,

7/30/2057

(a)

930,030‌

826,458‌

Tesla

Auto

Lease

Trust,

Series

2023-A,

Class

A2,

5.86%,

8/20/2025

(a)

500,000‌

500,120‌

Tesla

Auto

Lease

Trust,

Series

2023-A,

Class

A3,

5.89%,

6/22/2026

(a)

500,000‌

499,578‌

Vivint

Solar

Financing

V,

LLC,

Series

2018-1A,

Class

B,

7.37%,

4/30/2048

(a)

506,492‌

468,025‌

Total

Asset

Backed

Securities

(Cost $14,453,423)

13,628,522‌

COLLATERALIZED

MORTGAGE

OBLIGATIONS

—

0.82%

Freddie

Mac

Multiclass

Certificates,

Series

2022-P013,

Class

A2,

2.85%,

2/25/2032

(b)

1,000,000‌

833,021‌

Government

National

Mortgage

Association,

Series

111,

Class

ZA,

3.00%,

2/20/2052

100,752‌

65,155‌

Total

Collateralized

Mortgage

Obligations

(Cost $1,014,074)

898,176‌

CORPORATE

BONDS

—

41.05%

Consumer

Discretionary

—

2.78%

Conservation

Fund,

Series

2019,

3.47%,

12/15/2029

1,000,000‌

860,957‌

Magna

International,

Inc.,

2.45%,

6/15/2030

1,000,000‌

845,700‌

NHP

Foundation

(The),

6.00%,

12/1/2033

500,000‌

528,551‌

Walmart,

Inc.,

1.80%,

9/22/2031

1,000,000‌

817,988‌

3,053,196‌

Consumer

Staples

—

2.40%

J.M.

Smucker

Co.

(The),

6.50%,

11/15/2053

900,000‌

957,467‌

PepsiCo,

Inc.,

3.90%,

7/18/2032

1,100,000‌

1,034,833‌

Unilever

Capital

Corp.,

2.63%,

8/12/2051

1,000,000‌

643,298‌

OneAscent

Core

Plus

Bond

ETF

Schedule

of

Investments

(continued)

November

30,

2023

-

(Unaudited)

CORPORATE

BONDS

—

41.05%

-

continued

Principal

Amount

Fair

Value

$

2,635,598‌

Energy

—

3.88%

BP

Capital

Markets

America,

Inc.,

4.81%,

2/13/2033

$

500,000‌

485,439‌

BP

Capital

Markets

America,

Inc.,

2.77%,

11/10/2050

1,000,000‌

629,831‌

ConocoPhillips

Co.,

5.05%,

9/15/2033

500,000‌

494,293‌

Continental

Wind,

LLC,

6.00%,

2/28/2033

(a)

1,035,111‌

1,038,029‌

Equinor

ASA,

3.95%,

5/15/2043

1,000,000‌

826,085‌

Targa

Resources

Corp.,

6.50%,

3/30/2034

750,000‌

781,190‌

4,254,867‌

Financials

—

12.69%

Arthur

J

Gallagher

&

Co.,

6.50%,

2/15/2034

900,000‌

950,917‌

BB

Blue

Financing

DAC,

Series

A2,

4.40%,

9/20/2029

1,000,000‌

983,213‌

BB

Blue

Financing

DAC,

Series

A1,

4.40%,

9/20/2037

1,000,000‌

964,235‌

BNP

Paribas

S.A.,

5.89%,

12/5/2034

(SOFR

+

1.866bps)

(a)(b)

1,175,000‌

1,175,000‌

BNP

Paribas

S.A.,

8.50%,

Perpetual

(H15T5Y

+

4.354bps)

(a)(b)

1,000,000‌

1,017,542‌

GPS

Blue

Financing

DAC,

5.65%,

11/9/2041

(a)

1,000,000‌

941,800‌

ING

Groep

N.V.,

1.40%,

7/1/2026

(H15T1Y

+

1.100bps)

(a)(b)

500,000‌

465,246‌

Intesa

Sanpaolo

SpA,

6.63%,

6/20/2033

(a)

500,000‌

489,808‌

Intesa

Sanpaolo

SpA,

7.20%,

11/28/2033

(a)

1,000,000‌

1,013,988‌

Muenchener

Rueckversicherungs-Gesellschaft

A.G.,

5.88%,

5/23/2042

(H15T5Y

+

3.982bps)

(a)(b)

1,000,000‌

982,908‌

Province

of

British

Columbia

Canada,

4.20%,

7/6/2033

850,000‌

810,249‌

Province

of

Quebec

Canada,

1.90%,

4/21/2031

1,000,000‌

828,858‌

Societe

Generale

S.A.,

10.00%,

Perpetual

(H15T5Y

+

5.448bps)

(a)(b)

1,050,000‌

1,081,946‌

UBS

Group

A.G.,

6.30%,

9/22/2034

(H15T1Y

+

2.000bps)

(a)(b)

1,000,000‌

1,007,846‌

UBS

Group

A.G.,

9.25%,

Perpetual

(H15T5Y

+

4.758bps)

(a)(b)

525,000‌

557,837‌

UBS

Group

A.G.,

9.25%,

Perpetual

(H15T5Y

+

4.745bps)

(a)(b)

625,000‌

654,551‌

13,925,944‌

Industrials

—

2.68%

Delta

Air

Lines

Pass

Through

Trust,

Series

2020-1,

Class

A,

2.50%,

6/10/2028

1,435,979‌

1,250,778‌

Tote

Shipholdings,

LLC,

3.40%,

10/16/2040

965,000‌

873,013‌

Vessel

Management

Services,

Inc.,

3.48%,

1/16/2037

897,000‌

819,468‌

2,943,259‌

Materials

—

1.79%

Cemex

S.A.B.

de

C.V.,

9.13%,

Perpetual

(H15T5Y

+

490.700bps)

(a)(b)

625,000‌

653,220‌

FMG

Resources

(August

2006)

Pty

Ltd.,

6.13%,

4/15/2032

(a)

500,000‌

484,528‌

Newmont

Corp.,

2.25%,

10/1/2030

1,000,000‌

829,048‌

1,966,796‌

Multi-Nationals

—

6.47%

Central

American

Bank

for

Economic

Integration,

5.00%,

2/9/2026

(a)

250,000‌

247,751‌

European

Investment

Bank,

0.75%,

9/23/2030

1,000,000‌

786,373‌

Inter-American

Development

Bank,

GMTN,

3.50%,

4/12/2033

1,000,000‌

921,721‌

Inter-American

Investment

Corp.,

2.63%,

4/22/2025

1,000,000‌

966,063‌

International

Bank

for

Reconstruction

&

Development,

EMTN,

–%,

3/31/2028

500,000‌

487,981‌

International

Finance

Facility

for

Immunisation

Co.,

MTN,

1.00%,

4/21/2026

1,000,000‌

914,153‌

OneAscent

Core

Plus

Bond

ETF

Schedule

of

Investments

(continued)

November

30,

2023

-

(Unaudited)

CORPORATE

BONDS

—

41.05%

-

continued

Principal

Amount

Fair

Value

Kreditanstalt

fuer

Wiederaufbau,

1.00%,

10/1/2026

$

1,000,000‌

$

907,526‌

OPEC

Fund

for

International

Development

(The),

4.50%,

1/26/2026

(a)

1,000,000‌

985,968‌

United

States

International

Development

Finance,

3.43%,

6/1/2033

941,662‌

879,498‌

7,097,034‌

Real

Estate

—

1.67%

HAT

Holdings

I,

LLC/HAT

Holdings

II,

LLC,

3.38%,

6/15/2026

(a)

1,000,000‌

905,948‌

Preservation

of

Affordable

Housing,

Inc.,

4.48%,

12/1/2032

1,000,000‌

926,158‌

1,832,106‌

Technology

—

1.29%

Apple,

Inc.,

3.00%,

6/20/2027

1,000,000‌

947,559‌

Intel

Corp.,

4.15%,

8/5/2032

500,000‌

473,887‌

1,421,446‌

Utilities

—

5.40%

AES

Corp.

(The),

5.45%,

6/1/2028

1,000,000‌

991,721‌

Duke

Energy

Carolinas,

LLC,

3.55%,

3/15/2052

1,000,000‌

709,340‌

National

Rural

Utilities

Cooperative

Finance

Corp.,

5.25%,

4/20/2046

(US0003M

+

3.630bps)

(b)

1,000,000‌

957,720‌

New

York

State

Electric

&

Gas

Corp.,

2.15%,

10/1/2031

(a)

1,000,000‌

774,917‌

San

Diego

Gas

&

Electric

Co.,

2.95%,

8/15/2051

1,000,000‌

634,287‌

Topaz

Solar

Farms,

LLC,

5.75%,

9/30/2039

(a)

943,177‌

913,061‌

Vistra

Corp.,

7.00%,

Perpetual

(H15T5Y

+

5.740bps)

(a)(b)

1,000,000‌

950,760‌

5,931,806‌

Total

Corporate

Bonds

(Cost $47,351,599)

45,062,052‌

FOREIGN

GOVERNMENT

BONDS

—

1.94%

Canada

Government

International

Bond,

2.88%,

4/28/2025

1,100,000‌

1,068,537‌

Colombia

Government

International

Bond,

8.75%,

11/14/2053

1,000,000‌

1,065,870‌

Total

Foreign

Government

Bonds

(Cost $2,079,245)

2,134,407‌

MUNICIPAL

BONDS

—

5.49%

California

—

0.46%

Freddie

Mac

Multifamily

ML

Certificates,

Revenue

,

1.51

%,

9/25/2037

4,930,000‌

507,691‌

District

of

Columbia

—

0.67%

District

of

Columbia,

Revenue

,

3.85

%,

2/28/2025

750,000‌

731,573‌

Florida

—

0.92%

Florida

Development

Finance

Corp.,

Revenue

,

8.00

%,

7/1/2057

(a)

1,000,000‌

1,010,364‌

Indiana

—

0.00%

(c)

Fort

Wayne,

Solid

Waste

Facility,

Revenue,

Series

2022A-2

,

10.75

%,

12/1/2029

(d)

234,358‌

23‌

Montana

—

0.96%

Gallatin

County

Industrial

Development,

Revenue,

Series

B

,

11.50

%,

9/1/2027

1,000,000‌

1,052,455‌

OneAscent

Core

Plus

Bond

ETF

Schedule

of

Investments

(continued)

November

30,

2023

-

(Unaudited)

MUNICIPAL

BONDS

—

5.49%

-

continued

Principal

Amount

Fair

Value

New

Hampshire

—

0.77%

New

Hampshire

Business

Finance

Authority,

Revenue,

,

5.46

%,

7/1/2033

(a)

$

850,000‌

$

850,000‌

New

York

—

1.71%

Metropolitan

Transportation

Authority,

Revenue

,

5.18

%,

11/15/2049

1,000,000‌

912,243‌

New

York

State

Energy

Research

&

Development

Authority,

Revenue,

Series

A

,

4.87

%,

4/1/2037

1,130,000‌

967,847‌

1,880,090‌

Total

Municipal

Bonds

(Cost $6,504,960)

6,032,196‌

TERM

LOANS

—

2.46%

Utilities

—

1.63%

ExGen

Renewables

IV,

LLC,

7.24%,

12/15/2027

(US0001M

+

250.000bps)

(b)

889,974‌

889,325‌

TerraForm

Power

Operating,

LLC,

7.99%,

5/30/2029

(TSFR1M

+

275.000bps)

(b)

907,500‌

902,395‌

1,791,720‌

Industrials

—

0.83%

LTR

Intermediate

Holdings,

Inc.,

9.60%,

5/7/2028

(US0001M

+

450.000bps)

(b)

987,406‌

908,413‌

Total

Term

Loans

(Cost $2,757,079)

2,700,133‌

U.S.

GOVERNMENT

&

AGENCIES

—

34.26%

Fannie

Mae

Pool,

4.00

%

,

5/1/2044

804,559‌

747,720‌

Fannie

Mae

Pool,

2.00

%

,

6/1/2051

920,687‌

720,129‌

Fannie

Mae

Pool,

2.50

%

,

2/1/2052

194,509‌

159,190‌

Fannie

Mae

Pool,

2.50

%

,

2/1/2052

2,175,420‌

1,784,952‌

Fannie

Mae

Pool,

3.00

%

,

4/1/2052

2,650,460‌

2,259,297‌

Fannie

Mae

Pool,

3.50

%

,

4/1/2052

2,663,451‌

2,342,646‌

Fannie

Mae

Pool,

5.00

%

,

5/1/2052

178,152‌

171,862‌

Fannie

Mae

Pool,

5.00

%

,

7/1/2052

457,922‌

441,873‌

Fannie

Mae

Pool,

4.00

%

,

8/1/2052

1,084,397‌

986,217‌

Fannie

Mae

Pool,

4.50

%

,

8/1/2052

1,992,691‌

1,869,856‌

Fannie

Mae

Pool,

3.50

%

,

9/1/2052

189,597‌

166,623‌

Fannie

Mae

Pool,

4.00

%

,

9/1/2052

187,081‌

170,168‌

Fannie

Mae

Pool,

4.50

%

,

9/1/2052

1,157,776‌

1,086,341‌

Fannie

Mae

Pool,

5.00

%

,

9/1/2052

327,458‌

316,078‌

Fannie

Mae

Pool,

4.00

%

,

10/1/2052

1,303,511‌

1,185,664‌

Fannie

Mae

Pool,

4.50

%

,

10/1/2052

186,359‌

174,876‌

Fannie

Mae

Pool,

5.00

%

,

10/25/2052

685,549‌

661,725‌

Fannie

Mae

Pool,

4.50

%

,

11/1/2052

131,650‌

123,540‌

Fannie

Mae

Pool,

5.00

%

,

2/1/2053

128,273‌

123,622‌

Fannie

Mae

Pool,

5.50

%

,

2/1/2053

465,402‌

458,998‌

Fannie

Mae

Pool,

6.00

%

,

2/1/2053

414,854‌

416,941‌

Fannie

Mae

Pool,

6.00

%

,

3/1/2053

329,861‌

331,162‌

Fannie

Mae

Pool,

5.50

%

,

6/1/2053

249,164‌

245,664‌

Fannie

Mae

Pool,

5.50

%

,

10/1/2053

256,866‌

253,257‌

OneAscent

Core

Plus

Bond

ETF

Schedule

of

Investments

(continued)

November

30,

2023

-

(Unaudited)

U.S.

GOVERNMENT

&

AGENCIES

—

34.26%

-

continued

Principal

Amount

Fair

Value

Federal

National

Mortgage

Association,

0.88

%

,

8/5/2030

$

1,000,000‌

$

788,285‌

Freddie

Mac

Pool,

3.00

%

,

2/1/2052

199,655‌

170,192‌

Freddie

Mac

Pool,

2.00

%

,

3/1/2052

1,120,673‌

883,088‌

Freddie

Mac

Pool,

4.00

%

,

4/1/2052

187,817‌

170,936‌

Ginnie

Mae

II

Pool,

2.50

%

,

9/20/2051

810,050‌

677,721‌

Ginnie

Mae

II

Pool,

3.00

%

,

12/20/2051

1,684,642‌

1,461,983‌

Ginnie

Mae

II

Pool,

2.50

%

,

5/20/2052

314,505‌

263,012‌

Ginnie

Mae

II

Pool,

3.00

%

,

5/20/2052

453,808‌

393,489‌

Ginnie

Mae

II

Pool,

3.50

%

,

7/20/2052

385,434‌

345,217‌

Ginnie

Mae

II

Pool,

4.00

%

,

9/20/2052

1,027,089‌

947,315‌

Ginnie

Mae

II

Pool,

4.50

%

,

12/20/2052

723,745‌

685,980‌

Ginnie

Mae

II

Pool,

4.50

%

,

2/20/2053

155,846‌

147,698‌

Ginnie

Mae

II

Pool,

5.00

%

,

2/20/2053

261,186‌

254,412‌

Ginnie

Mae

II

Pool,

5.50

%

,

2/20/2053

110,847‌

110,301‌

Ginnie

Mae

II

Pool,

3.00

%

,

8/20/2053

29,782‌

25,860‌

United

States

Treasury

Bond,

2.38

%

,

2/15/2042

483,000‌

344,081‌

United

States

Treasury

Note,

5.00

%

,

10/31/2025

811,000‌

814,707‌

United

States

Treasury

Note,

4.88

%

,

10/31/2028

2,500,000‌

2,561,230‌

United

States

Treasury

Note,

4.50

%

,

11/15/2033

1,909,000‌

1,931,968‌

United

States

Treasury

Note,

4.75

%

,

11/15/2043

3,670,000‌

3,696,378‌

United

States

Treasury

Note,

4.13

%

,

8/15/2053

4,004,000‌

3,744,678‌

Total

U.S.

Government

&

Agencies

(Cost $39,314,506)

37,616,932‌

Total

Investments

—

98.43%

(Cost

$113,474,886

)

108,072,418‌

Other

Assets

in

Excess

of

Liabilities — 1.57%

1,727,609‌

NET

ASSETS

—

100.00%

$

109,800,027‌

(a)

Security

exempt

from

registration

under

Rule

144A

or

Section

4(a)(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

November

30,

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.

(c)

Less

than

0.005%.

(d)

In

default

EMTN

-

Euro

Medium

Term

Note

GMTN

-

Global

M

edium

Term

Note

OneAscent

International

Equity

ETF

Schedule

of

Investments

November

30,

2023

-

(Unaudited)

COMMON

STOCKS

—

86.25%

Shares

Fair

Value

Communications

—

0.84%

Trip.com

Group

Ltd.

(China)

(a)

20,166‌

$

708,960‌

Consumer

Discretionary

—

1.14%

Valeo

S.A.

(France)

65,938‌

953,044‌

Consumer

Staples

—

12.05%

Carrefour

S.A.

(France)

84,232‌

1,594,706‌

Dollarama,

Inc.

(Canada)

28,842‌

2,094,821‌

Kimberly-Clark

de

Mexico

SAB

de

CV

(Mexico)

1,246,932‌

2,514,173‌

L'Oreal

S.A.

(France)

3,259‌

1,528,942‌

Nestle

S.A.

-

ADR

(Switzerland)

20,940‌

2,385,485‌

10,118,127‌

Energy

—

1.41%

Aker

BP

ASA

(Norway)

41,452‌

1,187,898‌

Financials

—

14.84%

AIA

Group

Ltd.

(Hong

Kong)

111,587‌

962,887‌

Bangkok

Bank

PCL

(Thailand)

531,150‌

2,267,433‌

Bank

Rakyat

Indonesia

Persero

Tbk

P.T.

(Indonesia)

7,814,300‌

2,649,809‌

DBS

Group

Holdings

Ltd.

(Singapore)

118,902‌

2,821,054‌

HDFC

Bank

Ltd.

-

ADR

(India)

27,132‌

1,629,005‌

KBC

Group

N.V.

(Belgium)

37,106‌

2,124,266‌

12,454,454‌

Health

Care

—

5.78%

PHC

Holdings

Corp.

(Japan)

127,680‌

1,278,970‌

Santen

Pharmaceutical

Co.

Ltd.

(Japan)

199,272‌

1,880,508‌

Straumann

Holding

AG

(Switzerland)

12,312‌

1,690,842‌

4,850,320‌

Industrials

—

17.14%

Adecco

Group

AG

(Switzerland)

30,082‌

1,445,335‌

CAE,

Inc.

(Canada)

(a)

85,158‌

1,693,294‌

Daikin

Industries

Ltd.

(Japan)

9,287‌

1,387,901‌

Element

Fleet

Management

Corp.

(Canada)

195,282‌

3,146,135‌

Ferguson

plc

(United

Kingdom)

12,286‌

2,075,091‌

Intertek

Group

plc

(United

Kingdom)

26,334‌

1,324,695‌

Mitsubishi

Electric

Corp.

(Japan)

146,832‌

1,989,811‌

Safran

S.A.

(France)

7,564‌

1,325,593‌

14,387,855‌

Materials

—

9.81%

Barrick

Gold

Corp.

(Canada)

72,544‌

1,274,596‌

CRH

plc

(Ireland)

29,194‌

1,837,454‌

Givaudan

S.A.

(Switzerland)

456‌

1,703,992‌

Smurfit

Kappa

Group

plc

(Ireland)

56,544‌

2,141,632‌

Suzano

S.A.

-

ADR

(Brazil)

117,453‌

1,275,539‌

8,233,213‌

Technology

—

23.24%

ASML

Holding

N.V.

-

ADR

(Netherlands)

3,876‌

2,650,253‌

ASMPT

Ltd.

(Hong

Kong)

183,876‌

1,879,757‌

Canon,

Inc.

(Japan)

62,904‌

1,615,371‌

OneAscent

International

Equity

ETF

Schedule

of

Investments

(continued)

November

30,

2023

-

(Unaudited)

COMMON

STOCKS

—

86.25%

-

continued

Shares

Fair

Value

Technology

—

23.24%

-

continued

Constellation

Software,

Inc.

(Canada)

587‌

$

1,378,879‌

Darktrace

plc

(United

Kingdom)

(a)

243,685‌

1,067,097‌

Murata

Manufacturing

Co.

Ltd.

(Japan)

90,660‌

1,763,384‌

Nomura

Research

Institute

Ltd.

(Japan)

67,146‌

1,880,566‌

Novatek

Microelectronics

Corp.

(Taiwan

Province

of

China)

68,000‌

1,107,012‌

NXP

Semiconductors

NV

(Netherlands)

8,436‌

1,721,619‌

Taiwan

Semiconductor

Manufacturing

Co.,

Ltd.

-

ADR

(Taiwan

Province

of

China)

26,609‌

2,589,322‌

Topicus.com,

Inc.

(Canada)

(a)

27,588‌

1,857,553‌

19,510,813‌

WARRANTS

-

0.00%

(b)

Technology

—

0.00%

(b)

Constellation

Software,

Inc.,

(Canada)

Expiration

Date

3/31/2040

(c)

872‌

$

0‌

Total

Warrants

Cost

($0)

0‌

Total

Investments

—

86.25%

(Cost

$64,770,395

)

72,404,684‌

Other

Assets

in

Excess

of

Liabilities — 13.75%

11,540,184‌

NET

ASSETS

—

100.00%

$

83,944,868‌

(a)

Non-income

producing

security.

(b)

Less

than

0.005%.

(c)

Security

is

currently

being

valued

according

to

the

fair

value

procedures

of

the

Adviser,

as

Valuation

Designee,

under

oversight

of

the

Board's

Pricing

&

Liquidity

Committee.

ADR

-

American

Depositary

Receipt

OneAscent

Emerging

Markets

ETF

Schedule

of

Investments

November

30,

2023

-

(Unaudited)

COMMON

STOCKS

—

89.49%

Shares

Fair

Value

Communications

—

1.96%

Trip.com

Group

Ltd.

(China)

(a)

26,522‌

$

932,413‌

Consumer

Discretionary

—

11.55%

Ace

Hardware

Indonesia

Tbk

P.T.

(Indonesia)

19,786,259‌

960,313‌

China

Literature

Ltd.

(Cayman

Islands)

(a)

299,893‌

1,023,211‌

Coway

Co.

Ltd.

(South

Korea)

15,038‌

578,491‌

Haier

Smart

Home

Co.

Ltd.,

H

Shares

(China)

521,055‌

1,510,962‌

MercadoLibre,

Inc.

(Argentina)

(a)

488‌

790,784‌

Sendas

Distribuidora

S.A.

(Brazil)

243,300‌

637,856‌

5,501,617‌

Consumer

Staples

—

5.85%

Charoen

Pokphand

Foods

PCL

(Thailand)

799,698‌

449,903‌

Indofood

CBP

Sukses

Makmur

Tbk

P.T.

(Indonesia)

1,392,760‌

1,034,095‌

Kimberly-Clark

de

Mexico

SAB

de

CV

(Mexico)

645,764‌

1,302,046‌

2,786,044‌

Energy

—

1.62%

PTT

Exploration

&

Production

PCL

(Thailand)

179,680‌

769,578‌

Financials

—

19.21%

Banco

Bradesco

S.A.

-

ADR

(Brazil)

221,219‌

736,659‌

Bangkok

Bank

PCL

(Thailand)

285,037‌

1,216,798‌

Bank

Rakyat

Indonesia

Persero

Tbk

P.T.

(Indonesia)

4,615,921‌

1,565,247‌

BB

Seguridade

Participacoes

S.A.

(Brazil)

155,000‌

988,812‌

Chailease

Holding

Co.

Ltd.

(Taiwan

Province

of

China)

243,940‌

1,445,501‌

HDFC

Bank

Ltd.

-

ADR

(India)

21,339‌

1,281,194‌

Hong

Kong

Exchanges

&

Clearing

Ltd.

(Hong

Kong)

20,671‌

733,595‌

Regional

S.A.B.

de

C.V.

(Mexico)

135,931‌

1,178,268‌

9,146,074‌

Health

Care

—

3.10%

Dentium

Co.

Ltd.

(South

Korea)

(a)

15,282‌

1,477,925‌

Industrials

—

6.59%

LIG

Nex1

Co.

Ltd.

(Korea

(Republic

of))

10,256‌

769,342‌

Sarana

Menara

Nusantara

Tbk

P.T.

(Indonesia)

13,166,480‌

846,392‌

Sporton

International,

Inc.

(Taiwan

Province

of

China)

85,400‌

650,247‌

Voltronic

Power

Technology

Corp.

(Taiwan

Province

of

China)

17,000‌

871,962‌

3,137,943‌

Materials

—

6.44%

Hanwha

Solutions

Corp.

(South

Korea)

(a)

20,452‌

525,556‌

Orbia

Advance

Corp.

SAB

de

CV

(Mexico)

422,211‌

900,174‌

Suzano

S.A.

-

ADR

(Brazil)

87,820‌

953,725‌

United

Tractors

Tbk

P.T.

(Indonesia)

491,120‌

691,407‌

3,070,862‌

Technology

—

33.17%

Accton

Technology

Corp.

(Taiwan

Province

of

China)

88,000‌

1,494,282‌

ASMPT

Ltd.

(Hong

Kong)

132,970‌

1,359,347‌

DB

HiTek

Co.

Ltd.

(South

Korea)

19,221‌

915,384‌

eMemory

Technology,

Inc.

(Taiwan

Province

of

China)

9,000‌

721,112‌

Infosys

Ltd.

-

ADR

(India)

56,950‌

999,473‌

OneAscent

Emerging

Markets

ETF

Schedule

of

Investments

(continued)

November

30,

2023

-

(Unaudited)

COMMON

STOCKS

—

89.49%

-

continued

Shares

Fair

Value

Technology

—

33.17%

-

continued

MediaTek,

Inc.

(Taiwan

Province

of

China)

40,000‌

$

1,204,243‌

Novatek

Microelectronics

Corp.

(Taiwan

Province

of

China)

66,000‌

1,074,453‌

Powerchip

Semiconductor

Manufacturing

Corp.

(Taiwan

Province

of

China)

390,000‌

373,985‌

Samsung

Electronics

Co.

Ltd.

(South

Korea)

61,419‌

3,440,099‌

Samsung

SDI

Co.

Ltd.

(South

Korea)

1,884‌

684,163‌

Taiwan

Semiconductor

Manufacturing

Co.

Ltd.

(Taiwan

Province

of

China)

165,000‌

3,033,069‌

Unimicron

Technology

Corp.

(Taiwan

Province

of

China)

88,000‌

496,225‌

15,795,835‌

Total

Common

Stocks/

Investments

—

89.49%

(Cost

$40,200,192

)

42,618,291‌

Other

Assets

in

Excess

of

Liabilities — 10.51%

5,003,325‌

NET

ASSETS

—

100.00%

$

47,621,616‌

(a)

Non-income

producing

security.

ADR

-

American

Depositary

Receipt

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