Unified Series Trust NPORT-P Oneascent Core Plus Bond Etf (Nov 2024 report)

OneAscent

Large

Cap

Core

ETF

Schedule

of

Investments

November

30,

2024

-

(Unaudited)

COMMON

STOCKS

—

99.02%

Shares

Fair

Value

Communications

—

10.44%

Airbnb,

Inc.,

Class

A

(a)

2,457‌

$

334,422‌

Alphabet,

Inc.,

Class

C

14,300‌

2,438,007‌

Alphabet,

Inc.,

Class

A

14,990‌

2,532,561‌

AT&T,

Inc.

38,647‌

895,065‌

Booking

Holdings,

Inc.

148‌

769,893‌

Charter

Communications,

Inc.,

Class

A

(a)

1,145‌

454,525‌

Comcast

Corp.,

Class

A

22,868‌

987,669‌

DoorDash,

Inc.,

Class

A

(a)

934‌

168,568‌

Electronic

Arts,

Inc.

2,156‌

352,873‌

Expedia

Group,

Inc.

(a)

1,558‌

287,638‌

Frontier

Communications

Parent,

Inc.

(a)

3,243‌

112,889‌

GoDaddy,

Inc.,

Class

A

(a)

1,604‌

316,902‌

IAC,

Inc.

(a)

2,312‌

109,427‌

Lumen

Technologies,

Inc.

(a)

20,429‌

149,949‌

Lyft,

Inc.

(a)

10,744‌

186,516‌

Match

Group,

Inc.

(a)

4,611‌

150,964‌

Pinterest,

Inc.,

Class

A

(a)

3,948‌

119,703‌

Roku,

Inc.

(a)

1,776‌

122,597‌

T-Mobile

US,

Inc.

2,900‌

716,126‌

Trade

Desk,

Inc.

(The),

Class

A

(a)

1,343‌

172,643‌

Uber

Technologies,

Inc.

(a)

7,522‌

541,283‌

VeriSign,

Inc.

(a)

1,672‌

312,965‌

Verizon

Communications,

Inc.

22,497‌

997,516‌

Zillow

Group,

Inc.,

Class

A

(a)

2,211‌

180,263‌

13,410,964‌

Consumer

Discretionary

—

11.02%

Amazon.com,

Inc.

(a)

24,278‌

5,047,153‌

Chipotle

Mexican

Grill,

Inc.

(a)

4,697‌

288,959‌

Deckers

Outdoor

Corp.

(a)

1,212‌

237,504‌

Ford

Motor

Co.

19,997‌

222,567‌

General

Motors

Co.

7,626‌

423,929‌

Hess

Corp.

1,049‌

154,392‌

Home

Depot,

Inc.

(The)

3,905‌

1,675,753‌

Lennar

Corp.,

Class

B

1,190‌

196,148‌

Lowe's

Cos.,

Inc.

3,000‌

817,290‌

Marriott

International,

Inc.,

Class

A

1,335‌

385,936‌

McDonald's

Corp.

3,037‌

898,982‌

NVR,

Inc.

(a)

25‌

230,889‌

Tesla,

Inc.

(a)

7,345‌

2,535,200‌

TJX

Companies,

Inc.

(The)

5,815‌

730,887‌

Yum!

Brands,

Inc.

2,263‌

314,421‌

14,160,010‌

Consumer

Staples

—

5.87%

Coca-Cola

Co.

(The)

18,282‌

1,171,511‌

Costco

Wholesale

Corp.

1,375‌

1,336,335‌

Hershey

Co.

(The)

1,237‌

217,873‌

Keurig

Dr

Pepper,

Inc.

6,474‌

211,376‌

OneAscent

Large

Cap

Core

ETF

Schedule

of

Investments

(continued)

November

30,

2024

-

(Unaudited)

COMMON

STOCKS

—

99.02%

-

continued

Shares

Fair

Value

Consumer

Staples

—

5.87%

-

continued

Mondelez

International,

Inc.,

Class

A

8,169‌

$

530,576‌

Monster

Beverage

Corp.

(a)

4,588‌

252,936‌

PepsiCo,

Inc.

6,226‌

1,017,640‌

Procter

&

Gamble

Co.

(The)

7,902‌

1,416,513‌

Wal-Mart

Stores,

Inc.

14,982‌

1,385,835‌

7,540,595‌

Energy

—

2.71%

Chevron

Corp.

5,825‌

943,242‌

ConocoPhillips

4,233‌

458,603‌

EOG

Resources,

Inc.

1,606‌

214,016‌

Exxon

Mobil

Corp.

13,206‌

1,557,780‌

Occidental

Petroleum

Corp.

2,418‌

122,302‌

Valero

Energy

Corp.

1,358‌

188,871‌

3,484,814‌

Financials

—

10.01%

American

Express

Co.

2,122‌

646,531‌

Aon

PLC,

Class

A

1,100‌

430,694‌

Arch

Capital

Group

Ltd.

(a)

1,781‌

179,382‌

Bank

of

America

Corp.

25,206‌

1,197,537‌

Berkshire

Hathaway,

Inc.,

Class

B

(a)

5,356‌

2,587,055‌

BlackRock,

Inc.

666‌

681,185‌

Capital

One

Financial

Corp.

2,041‌

391,892‌

Chubb

Ltd.

1,637‌

472,651‌

Coinbase

Global,

Inc.,

Class

A

(a)

747‌

221,261‌

General

Dynamics

Corp.

795‌

225,788‌

Interactive

Brokers

Group,

Inc.,

Class

A

937‌

179,051‌

JPMorgan

Chase

&

Co.

8,627‌

2,154,335‌

Marsh

&

McLennan

Cos.,

Inc.

2,775‌

647,213‌

Morgan

Stanley

5,777‌

760,312‌

Otis

Worldwide

Corp.

4,572‌

470,825‌

PNC

Financial

Services

Group,

Inc.

(The)

1,217‌

261,314‌

Progressive

Corp.

(The)

1,955‌

525,660‌

Truist

Financial

Corp.

4,545‌

216,706‌

U.S.

Bancorp

8,870‌

472,682‌

W.R.

Berkley

Corp.

2,117‌

136,652‌

12,858,726‌

Health

Care

—

10.54%

Abbott

Laboratories

7,738‌

919,042‌

AbbVie,

Inc.

5,047‌

923,249‌

Agilent

Technologies,

Inc.

2,024‌

279,251‌

Amgen,

Inc.

1,375‌

388,946‌

Boston

Scientific

Corp.

(a)

6,004‌

544,323‌

Cardinal

Health,

Inc.

1,902‌

232,500‌

Cencora,

Inc.

1,223‌

307,646‌

Cigna

Corp.

1,581‌

534,062‌

Danaher

Corp.

2,947‌

706,367‌

DexCom,

Inc.

(a)

1,949‌

152,003‌

Edwards

LifeSciences

Corp.

(a)

3,812‌

271,986‌

OneAscent

Large

Cap

Core

ETF

Schedule

of

Investments

(continued)

November

30,

2024

-

(Unaudited)

COMMON

STOCKS

—

99.02%

-

continued

Shares

Fair

Value

Health

Care

—

10.54%

-

continued

Elevance

Health,

Inc.

1,324‌

$

538,815‌

Eli

Lilly

&

Co.

2,081‌

1,655,123‌

Gilead

Sciences,

Inc.

3,816‌

353,285‌

Hologic,

Inc.

(a)

2,425‌

192,788‌

Humana,

Inc.

907‌

268,817‌

IDEXX

Laboratories,

Inc.

(a)

644‌

271,607‌

Incyte

Corp.

(a)

1,864‌

139,036‌

Johnson

&

Johnson

7,533‌

1,167,690‌

McKesson

Corp.

718‌

451,263‌

Merck

&

Co.,

Inc.

7,581‌

770,533‌

Mettler-Toledo

International,

Inc.

(a)

212‌

265,254‌

Molina

Healthcare,

Inc.

(a)

678‌

201,976‌

Regeneron

Pharmaceuticals,

Inc.

(a)

292‌

219,064‌

ResMed,

Inc.

859‌

213,908‌

Stryker

Corp.

1,763‌

691,360‌

Vertex

Pharmaceuticals,

Inc.

(a)

726‌

339,862‌

Waters

Corp.

(a)

571‌

219,675‌

Zoetis,

Inc.,

Class

A

1,848‌

323,862‌

13,543,293‌

Industrials

—

6.88%

Amphenol

Corp.,

Class

A

6,532‌

474,550‌

Caterpillar,

Inc.

1,875‌

761,456‌

Cintas

Corp.

1,890‌

426,744‌

CorVel

Corp.

(a)

386‌

141,044‌

Deere

&

Co.

1,202‌

560,012‌

Eaton

Corp.

plc

1,633‌

613,062‌

Expeditors

International

of

Washington,

Inc.

2,219‌

269,919‌

GE

Vernova

LLC

(a)

903‌

301,710‌

General

Electric

Co.

3,260‌

593,842‌

Honeywell

International,

Inc.

3,199‌

745,142‌

Illinois

Tool

Works,

Inc.

1,954‌

542,274‌

Keysight

Technologies,

Inc.

(a)

1,666‌

284,619‌

Lockheed

Martin

Corp.,

Class

B

903‌

478,057‌

Parker-Hannifin

Corp.

453‌

318,414‌

RTX

Corp.

4,651‌

566,631‌

Transdigm

Group,

Inc.

204‌

255,606‌

Union

Pacific

Corp.

2,953‌

722,481‌

United

Parcel

Service,

Inc.,

Class

B

3,658‌

496,464‌

W.W.

Grainger,

Inc.

244‌

294,103‌

8,846,130‌

Materials

—

1.40%

Ecolab,

Inc.

1,095‌

272,403‌

Linde

plc

2,007‌

925,207‌

LyondellBasell

Industries

N.V.,

Class

A

2,311‌

192,599‌

Sherwin-Williams

Co.

(The)

1,026‌

407,732‌

1,797,941‌

Real

Estate

—

1.78%

CBRE

Group,

Inc.,

Class

A

(a)

4,140‌

579,559‌

OneAscent

Large

Cap

Core

ETF

Schedule

of

Investments

(continued)

November

30,

2024

-

(Unaudited)

COMMON

STOCKS

—

99.02%

-

continued

Shares

Fair

Value

Real

Estate

—

1.78%

-

continued

Compass,

Inc.,

Class

A

(a)

19,670‌

$

139,460‌

Crown

Castle

International

Corp.

4,287‌

455,494‌

Howard

Hughes

Holdings,

Inc.

(a)

2,565‌

222,488‌

Jones

Lang

LaSalle,

Inc.

(a)

1,205‌

338,123‌

Kilroy

Realty

Corp.

9,428‌

391,545‌

Newmark

Group,

Inc.,

Class

A

10,309‌

159,583‌

2,286,252‌

Technology

—

35.75%

Adobe,

Inc.

(a)

1,558‌

803,819‌

Advanced

Micro

Devices,

Inc.

(a)

4,551‌

624,283‌

Akamai

Technologies,

Inc.

(a)

1,239‌

116,491‌

Analog

Devices,

Inc.

2,744‌

598,329‌

Applied

Materials,

Inc.

3,585‌

626,335‌

AppLovin

Corp.,

Class

A

(a)

1,345‌

452,929‌

Arista

Networks,

Inc.

(a)

1,790‌

726,418‌

Autodesk,

Inc.

(a)

1,029‌

300,365‌

Automatic

Data

Processing,

Inc.

1,873‌

574,880‌

Broadcom,

Inc.

12,237‌

1,983,374‌

Cadence

Design

Systems,

Inc.

(a)

1,042‌

319,696‌

Ciena

Corp.

(a)

4,350‌

303,282‌

Cisco

Systems,

Inc.

22,988‌

1,361,120‌

Corning,

Inc.

10,115‌

492,297‌

Credo

Technology

Group

Holding

Ltd.

(a)

4,786‌

234,323‌

Crowdstrike

Holdings,

Inc.,

Class

A

(a)

769‌

266,051‌

Dell

Technologies,

Inc.,

Class

C

1,233‌

157,318‌

F5,

Inc.

(a)

1,872‌

468,655‌

Fiserv,

Inc.

(a)

3,055‌

675,033‌

Gartner,

Inc.

(a)

454‌

235,140‌

HP,

Inc.

6,481‌

229,622‌

Intel

Corp.

16,108‌

387,397‌

InterDigital,

Inc.

1,170‌

229,273‌

International

Business

Machines

Corp.

3,471‌

789,340‌

Intuit,

Inc.

1,098‌

704,620‌

Jabil,

Inc.

1,721‌

233,763‌

Juniper

Networks,

Inc.

8,631‌

310,026‌

KLA

Corp.

690‌

446,451‌

Lam

Research

Corp.

6,222‌

459,681‌

MasterCard,

Inc.,

Class

A

3,137‌

1,671,833‌

Microchip

Technology,

Inc.

4,299‌

293,063‌

Micron

Technology,

Inc.

3,517‌

344,490‌

Microsoft

Corp.

19,852‌

8,406,527‌

Moody's

Corp.

1,045‌

522,479‌

Motorola

Solutions,

Inc.

1,682‌

840,495‌

MSCI,

Inc.

572‌

348,708‌

NetApp,

Inc.

1,830‌

224,431‌

NVIDIA

Corp.

63,257‌

8,745,281‌

Oracle

Corp.

5,683‌

1,050,446‌

Palo

Alto

Networks,

Inc.

(a)

1,002‌

388,596‌

OneAscent

Large

Cap

Core

ETF

Schedule

of

Investments

(continued)

November

30,

2024

-

(Unaudited)

COMMON

STOCKS

—

99.02%

-

continued

Shares

Fair

Value

Technology

—

35.75%

-

continued

PTC,

Inc.

(a)

869‌

$

173,852‌

Pure

Storage,

Inc.,

Class

A

(a)

2,502‌

132,581‌

Qualcomm,

Inc.

3,806‌

603,365‌

S&P

Global,

Inc.

1,427‌

745,622‌

Salesforce,

Inc.

3,096‌

1,021,649‌

Seagate

Technology

PLC

1,644‌

166,587‌

ServiceNow,

Inc.

(a)

730‌

766,091‌

SPS

Commerce,

Inc.

(a)

625‌

120,669‌

Synopsys,

Inc.

(a)

729‌

407,139‌

Texas

Instruments,

Inc.

4,391‌

882,723‌

Ubiquiti,

Inc.

939‌

325,354‌

Verisk

Analytics,

Inc.

1,245‌

366,291‌

Visa,

Inc.,

Class

A

6,153‌

1,938,687‌

Western

Digital

Corp.

(a)

2,352‌

171,672‌

Zebra

Technologies

Corp.,

Class

A

(a)

473‌

192,511‌

45,961,453‌

Utilities

—

2.62%

American

Water

Works

Co.,

Inc.

2,354‌

322,357‌

Constellation

Energy

Corp.

1,066‌

273,493‌

Dominion

Energy,

Inc.

2,729‌

160,329‌

Duke

Energy

Corp.

4,725‌

553,061‌

Eversource

Energy

4,036‌

260,282‌

FirstEnergy

Corp.

4,585‌

195,092‌

NextEra

Energy,

Inc.

7,830‌

615,985‌

Sempra

4,806‌

450,178‌

Southern

Co.

(The)

6,058‌

539,950‌

3,370,727‌

Total

Common

Stocks/

Investments

—

99.02%

(Cost

$107,377,590

)

127,260,905‌

Other

Assets

in

Excess

of

Liabilities — 0.98%

1,256,008‌

NET

ASSETS

—

100.00%

$

128,516,913‌

(a)

Non-income

producing

security.

OneAscent

Core

Plus

Bond

ETF

Schedule

of

Investments

November

30,

2024

-

(Unaudited)

ASSET

BACKED

SECURITIES

—

9.81%

Principal

Amount

Fair

Value

Century

Plaza

Towers,

Series

2019-CPT,

Class

B,

3.10%,

11/13/2039

(a)(b)

$

740,000‌

$

645,560‌

COMM

Mortgage

Trust,

Series

2022-HC,

Class

B,

3.17%,

1/10/2039

(a)

1,000,000‌

905,059‌

Frontier

Issuer,

LLC,

Series

1,

Class

C,

11.50%,

8/20/2053

(a)

1,000,000‌

1,071,586‌

Frontier

Issuer,

LLC,

Series

1,

Class

C,

11.16%,

6/20/2054

(a)

1,000,000‌

1,119,822‌

GoodLeap

Sustainable

Home

Solutions

Trust,

Series

2022-3CS,

Class

B,

5.52%,

2/22/2055

(a)

956,065‌

928,248‌

Helios

Issuer,

LLC,

Series

2023-B,

Class

C,

6.00%,

8/22/2050

(a)

810,022‌

678,058‌

Hertz

Vehicle

Financing,

LLC,

Series

2023-2A,

Class

C,

7.13%,

9/25/2029

(a)

900,000‌

930,742‌

J.P.

Morgan

Chase

Commercial

Mortgage

Securities

Trust,

Series

2020-

609M,

Class

A,

6.34%,

10/15/2033

(US0001M

+

1.370bps)

(a)(b)

1,000,000‌

988,143‌

Mosaic

Solar

Loan

Trust,

Series

2022-3A,

Class

A,

6.16%,

6/20/2053

(a)

766,378‌

767,030‌

Mosaic

Solar

Loan

Trust,

Series

2023-2A,

Class

C,

8.18%,

9/22/2053

(a)

500,000‌

388,071‌

Mosaic

Solar

Loan

Trust

2024-1,

Series

1,

Class

D,

10.00%,

9/20/2049

(a)

500,000‌

438,661‌

Natixis

Commercial

Mortgage

Securities

Trust,

Series

2019-MILE,

Class

A,

6.19%,

7/15/2036

(US0001M

+

1.500bps)

(a)(b)

848,857‌

769,969‌

One

Bryant

Park

Trust,

Series

2019-OBP,

Class

A,

2.52%,

9/15/2054

(a)

500,000‌

439,979‌

One

Market

Plaza

Trust,

Series

2017-1MKT,

Class

A,

3.61%,

2/10/2032

(a)

365,224‌

340,504‌

STWD

Mortgage

Trust,

Series

2021-LIH,

Class

B,

6.38%,

11/15/2036

(US0001M

+

1.656bps)

(a)(b)

1,000,000‌

992,918‌

Sunrun

Jupiter

Issuer,

LLC,

Series

2022-1A,

Class

A,

4.75%,

7/30/2057

(a)

910,642‌

874,208‌

Tesla

Auto

Lease

Trust,

Series

2023-A,

Class

A2,

5.86%,

8/20/2025

(a)

59,802‌

59,828‌

Tesla

Auto

Lease

Trust,

Series

2023-A,

Class

A3,

5.89%,

6/22/2026

(a)

500,000‌

501,887‌

Tesla

Auto

Lease

Trust,

Series

2024-B,

Class

A2A,

4.79%,

1/20/2027

(a)

280,000‌

280,170‌

Tesla

Auto

Lease

Trust,

Series

A,

Class

A3,

5.30%,

6/21/2027

(a)

1,170,000‌

1,176,063‌

Tesla

Electric

Vehicle

Trust

2023-1,

Series

1,

Class

A3,

5.38%,

6/20/2028

(a)

750,000‌

758,797‌

Vivint

Solar

Financing

V,

LLC,

Series

2018-1A,

Class

B,

7.37%,

4/30/2048

(a)

366,526‌

341,474‌

Wells

Fargo

Commercial

Mortgage

Trust

2024-SVEN,

Series

SVEN,

Class

X,

0.16%,

6/10/2037

(a)(b)

921,990‌

Total

Asset

Backed

Securities

(Cost $16,359,893)

16,318,767‌

COLLATERALIZED

MORTGAGE

OBLIGATIONS

—

1.16%

Freddie

Mac

Multiclass

Certificates,

Series

2022-P013,

Class

A2,

2.85%,

2/25/2032

(b)

1,000,000‌

879,761‌

Freddie

Mac

Multiclass

Certificates,

Series

P016,

Class

A2,

4.76%,

9/25/2033

(b)

1,000,000‌

983,094‌

Government

National

Mortgage

Association,

Series

111,

Class

ZA,

3.00%,

2/20/2052

103,816‌

71,914‌

Total

Collateralized

Mortgage

Obligations

(Cost $2,000,146)

1,934,769‌

CORPORATE

BONDS

—

43.64%

Consumer

Discretionary

—

1.39%

Conservation

Fund,

Series

2019,

3.47%,

12/15/2029

1,000,000‌

917,880‌

NHP

Foundation

(The),

6.00%,

12/1/2033

500,000‌

540,084‌

OneAscent

Core

Plus

Bond

ETF

Schedule

of

Investments

(continued)

November

30,

2024

-

(Unaudited)

CORPORATE

BONDS

—

43.64%

-

continued

Principal

Amount

Fair

Value

Consumer

Discretionary

—

1.39%-

continued

Walmart,

Inc.,

1.80%,

9/22/2031

$

1,000,000‌

$

852,532‌

2,310,496‌

Consumer

Staples

—

1.03%

PepsiCo,

Inc.,

3.90%,

7/18/2032

1,100,000‌

1,051,182‌

Unilever

Capital

Corp.,

2.63%,

8/12/2051

1,000,000‌

655,589‌

1,706,771‌

Energy

—

3.63%

BP

Capital

Markets

America,

Inc.,

2.77%,

11/10/2050

1,000,000‌

639,911‌

ConocoPhillips

Co.,

5.05%,

9/15/2033

500,000‌

508,302‌

Continental

Wind,

LLC,

6.00%,

2/28/2033

(a)

1,015,863‌

1,035,104‌

Equinor

ASA,

3.95%,

5/15/2043

1,000,000‌

859,639‌

Occidental

Petroleum

Corp.,

6.05%,

10/1/2054

400,000‌

395,447‌

Raizen

Fuels

Finance

S.A.,

6.45%,

3/5/2034

(a)

575,000‌

590,061‌

TotalEnergies

Capital

SA,

5.49%,

4/5/2054

825,000‌

833,200‌

TotalEnergies

Capital

SA,

5.43%,

9/10/2064

1,200,000‌

1,179,232‌

6,040,896‌

Financials

—

14.48%

BB

Blue

Financing

DAC,

Series

A2,

4.40%,

9/20/2029

1,000,000‌

983,624‌

BB

Blue

Financing

DAC,

Series

A1,

4.40%,

9/20/2037

1,000,000‌

975,445‌

BNP

Paribas

S.A.,

5.89%,

12/5/2034

(SOFR

+

1.866bps)

(a)(b)

1,175,000‌

1,228,694‌

Consumers

2023

Securitization

Funding,

LLC,

5.55%,

3/1/2028

769,616‌

776,260‌

Credit

Agricole

S.A.,

5.34%,

1/10/2030

(SOFR

+

1.690bps)

(a)(b)

1,000,000‌

1,014,280‌

Credit

Agricole

S.A.,

6.25%,

1/10/2035

(SOFR

+

2.670bps)

(a)(b)

1,000,000‌

1,029,941‌

Export

Development

Canada,

4.13%,

2/13/2029

1,000,000‌

998,109‌

Export

Development

Canada,

4.75%,

6/5/2034

1,000,000‌

1,034,634‌

Federation

des

Caisses

Desjardins

du

Quebec,

5.25%,

4/26/2029

(a)

1,000,000‌

1,016,052‌

Goldman

Sachs

Group,

Inc.

(The),

5.50%,

Perpetual

(H15T5Y

+

3.623bps)

(b)

1,000,000‌

1,002,837‌

GPS

Blue

Financing

DAC,

5.65%,

11/9/2041

(a)

1,000,000‌

946,986‌

Hannon

Armstrong

Sustainable

Infrastructure,

6.38%,

7/1/2034

(a)

825,000‌

831,331‌

HSBC

Holdings

PLC,

6.88%,

3/11/2073

(H15T5Y

+

3.298bps)

(b)

1,000,000‌

1,003,459‌

International

Bank

for

Reconstruction

&

Development,

1.75%,

7/31/2033

1,000,000‌

997,178‌

JPMorgan

Chase

&

Co.,

5.77%,

4/22/2035

(SOFR

+

1.490bps)

(b)

500,000‌

523,656‌

KFW,

4.38%,

2/28/2034

1,000,000‌

1,005,548‌

Muenchener

Rueckversicherungs-Gesellschaft

A.G.,

5.88%,

5/23/2042

(H15T5Y

+

3.982bps)

(a)(b)

1,000,000‌

1,023,540‌

NatWest

Group

plc,

8.13%,

Perpetual

(H15T5Y

+

3.752bps)

(b)

1,000,000‌

1,064,762‌

Private

Export

Funding

Corp.,

4.60%,

2/15/2034

1,000,000‌

1,011,598‌

Province

of

Quebec

Canada,

1.90%,

4/21/2031

1,000,000‌

862,689‌

Starwood

Property

Trust,

Inc.,

7.25%,

4/1/2029

(a)

750,000‌

773,218‌

UBS

Group

A.G.,

5.70%,

2/8/2035

(H15T1Y

+

1.770bps)

(a)(b)

1,150,000‌

1,187,326‌

UBS

Group

A.G.,

6.30%,

Perpetual

(H15T1Y

+

2.000bps)

(a)(b)

1,000,000‌

1,073,209‌

UBS

Group

A.G.,

9.25%,

Perpetual

(H15T5Y

+

4.745bps)

(a)(b)

625,000‌

682,771‌

WLB

Asset

VI

Pte

Ltd.,

7.25%,

12/21/2027

(a)

1,000,000‌

1,055,084‌

24,102,231‌

Industrials

—

2.54%

Air

Canada,

Series

2013-1A,

Class

A,

4.13%,

5/15/2025

(a)

475,362‌

472,381‌

OneAscent

Core

Plus

Bond

ETF

Schedule

of

Investments

(continued)

November

30,

2024

-

(Unaudited)

CORPORATE

BONDS

—

43.64%

-

continued

Principal

Amount

Fair

Value

Industrials

—

2.54%-

continued

Cummins,

Inc.,

5.45%,

2/20/2054

$

1,000,000‌

$

1,026,470‌

Delta

Air

Lines

Pass

Through

Trust,

Series

2020-1,

Class

A,

2.50%,

6/10/2028

1,257,972‌

1,173,242‌

Tote

Shipholdings,

LLC,

3.40%,

10/16/2040

909,000‌

788,730‌

Vessel

Management

Services,

Inc.,

3.48%,

1/16/2037

831,000‌

756,370‌

4,217,193‌

Insurance

—

0.53%

USAA

Capital

Corp.,

2.13%,

5/1/2030

(a)

1,000,000‌

879,468‌

Materials

—

2.37%

Alcoa

Nederland

Holding

BV,

7.13%,

3/15/2031

(a)

1,030,000‌

1,078,612‌

Cemex

S.A.B.

de

C.V.,

9.13%,

Perpetual

(H15T5Y

+

490.700bps)

(a)(b)

625,000‌

667,234‌

FMG

Resources

(August

2006)

Pty

Ltd.,

6.13%,

4/15/2032

(a)

500,000‌

504,176‌

LD

Celulose

International

GmbH,

7.95%,

1/26/2032

(a)

375,000‌

382,851‌

Smurfit

Westrock

Financing

DAC,

5.42%,

1/15/2035

(a)

1,275,000‌

1,301,039‌

3,933,912‌

Multi-Nationals

—

5.37%

African

Development

Bank,

5.75%,

Perpetual

(H15T5Y

+

1.575bps)

(b)

1,000,000‌

972,695‌

Arab

Petroleum

Investments

Corp.,

5.43%,

5/2/2029

(a)

1,000,000‌

1,020,235‌

Dominican

Republic

International

Bond,

6.60%,

6/1/2036

(a)

300,000‌

306,883‌

European

Investment

Bank,

0.75%,

9/23/2030

1,000,000‌

824,651‌

Inter-American

Development

Bank,

GMTN,

3.50%,

4/12/2033

1,000,000‌

947,016‌

Inter-American

Investment

Corp.,

2.63%,

4/22/2025

1,000,000‌

992,263‌

International

Bank

for

Reconstruction

&

Development,

EMTN,

0%,

3/31/2028

500,000‌

488,084‌

International

Development

Association,

4.38%,

11/27/2029

(a)

850,000‌

856,092‌

International

Finance

Facility

for

Immunisation

Co.,

MTN,

1.00%,

4/21/2026

1,000,000‌

952,946‌

OPEC

Fund

for

International

Development

(The),

4.50%,

1/26/2026

(a)

1,000,000‌

997,530‌

Serbia

International

Bond,

6.00%,

6/12/2034

(a)

575,000‌

576,923‌

8,935,318‌

Real

Estate

—

1.66%

HAT

Holdings

I,

LLC/HAT

Holdings

II,

LLC,

3.38%,

6/15/2026

(a)

1,000,000‌

967,247‌

National

Community

Renaissance

of

California,

3.27%,

12/1/2032

1,000,000‌

851,749‌

Preservation

of

Affordable

Housing,

Inc.,

4.48%,

12/1/2032

1,000,000‌

935,389‌

2,754,385‌

Technology

—

0.87%

Apple,

Inc.,

3.00%,

6/20/2027

1,000,000‌

970,661‌

Intel

Corp.,

4.15%,

8/5/2032

500,000‌

470,481‌

1,441,142‌

Utilities

—

9.77%

AES

Corp.

(The),

5.45%,

6/1/2028

1,000,000‌

1,011,510‌

AES

Corp.

(The),

7.60%,

1/15/2055

(H15T5Y

+

3.201bps)

(b)

325,000‌

338,614‌

Algonquin

Power

&

Utilities

Corp.,

5.37%,

6/15/2026

950,000‌

955,737‌

California

Buyer

Ltd.,

6.38%,

2/15/2032

(a)

450,000‌

450,801‌

Comision

Federal

de

Electricidad,

5.70%,

1/24/2030

(a)

1,125,000‌

1,100,365‌

Duke

Energy

Carolinas,

LLC,

3.55%,

3/15/2052

1,000,000‌

748,882‌

OneAscent

Core

Plus

Bond

ETF

Schedule

of

Investments

(continued)

November

30,

2024

-

(Unaudited)

CORPORATE

BONDS

—

43.64%

-

continued

Principal

Amount

Fair

Value

Utilities

—

9.77%-

continued

MidAmerican

Energy

Co.,

5.30%,

2/1/2055

$

1,050,000‌

$

1,048,149‌

New

York

State

Electric

&

Gas

Corp.,

2.15%,

10/1/2031

(a)

1,000,000‌

831,920‌

NextEra

Energy

Operating

Partners,

L.P.,

7.25%,

1/15/2029

(a)

1,016,000‌

1,040,564‌

Pacific

Gas

and

Electric

Co.,

6.70%,

4/1/2053

1,000,000‌

1,124,669‌

PG&E

Recovery

Funding,

LLC,

4.84%,

6/12/2033

1,000,000‌

1,006,437‌

PPL

Electric

Utilities

Corp.,

4.85%,

2/15/2034

950,000‌

953,044‌

Public

Service

Co.

of

Colorado,

5.75%,

5/15/2054

1,100,000‌

1,164,646‌

RWE

Finance

US,

LLC,

5.88%,

4/16/2034

(a)

550,000‌

565,809‌

San

Diego

Gas

&

Electric

Co.,

2.95%,

8/15/2051

1,000,000‌

687,423‌

Southern

California

Edison

Co.,

5.20%,

6/1/2034

575,000‌

582,350‌

Southern

California

Edison

Co.,

3.65%,

6/1/2051

1,000,000‌

754,598‌

Topaz

Solar

Farms,

LLC,

5.75%,

9/30/2039

(a)

885,031‌

888,980‌

Vistra

Corp.,

7.00%,

Perpetual

(H15T5Y

+

5.740bps)

(a)(b)

1,000,000‌

1,010,376‌

16,264,874‌

Total

Corporate

Bonds

(Cost $73,127,664)

72,586,686‌

FOREIGN

GOVERNMENT

BONDS

—

0.63%

Colombia

Government

International

Bond,

8.75%,

11/14/2053

1,000,000‌

1,051,708‌

Total

Foreign

Government

Bonds

(Cost $979,425)

1,051,708‌

INTERNATIONAL

BONDS

—

0.59%

Hashemite

Kingdom

Of

Jordan,

3.00%,

6/30/2025

1,000,000‌

989,013‌

Total

International

Bonds

(Cost $991,381)

989,013‌

MUNICIPAL

BONDS

—

7.14%

California

—

1.36%

Freddie

Mac

Multifamily

ML

Certificates,

Revenue

,

1.51

%,

9/25/2037

4,858,827‌

505,172‌

Los

Angeles

Unified

School

District/CA,

Revenue

,

4.85

%,

1/1/2025

400,000‌

400,009‌

San

Diego

Unified

School

District/CA,

Revenue

,

3.97

%,

7/1/2029

350,000‌

345,333‌

San

Francisco

City

&

County

Public

Utilities,

Revenue

,

4.66

%,

10/1/2027

1,000,000‌

1,008,329‌

2,258,843‌

Florida

—

0.31%

Florida

Development

Finance

Corp.,

Revenue

,

8.25

%,

7/1/2057

(a)

500,000‌

515,233‌

Indiana

—

0.00%

Fort

Wayne,

Solid

Waste

Facility,

Revenue,

Series

2022A-2

,

0

%,

12/1/2029

(c)(d)

234,358‌

23‌

Iowa

—

0.25%

Iowa

Finance

Authority,

Revenue

,

7.00

%,

11/1/2027

(a)

415,000‌

417,461‌

Maryland

—

1.25%

Maryland

Economic

Development

Corp.,

Revenue

,

5.43

%,

5/31/2056

750,000‌

764,667‌

Maryland

Economic

Development

Corp.,

Revenue

,

5.94

%,

5/31/2057

1,250,000‌

1,303,921‌

2,068,588‌

OneAscent

Core

Plus

Bond

ETF

Schedule

of

Investments

(continued)

November

30,

2024

-

(Unaudited)

MUNICIPAL

BONDS

—

7.14%

-

continued

Principal

Amount

Fair

Value

Minnesota

—

0.92%

Minnesota

Housing

Finance

Agency,

Revenue

,

5.90

%,

8/1/2049

$

750,000‌

$

760,837‌

Minnesota

Housing

Finance

Agency,

Revenue

,

5.95

%,

8/1/2054

750,000‌

762,812‌

1,523,649‌

Montana

—

0.62%

Gallatin

County

Industrial

Development,

Revenue,

Series

B

,

11.50

%,

9/1/2027

1,000,000‌

1,028,598‌

New

Hampshire

—

0.96%

New

Hampshire

Business

Finance

Authority

,

5.69

%,

11/1/2045

750,000‌

748,176‌

New

Hampshire

Business

Finance

Authority,

Revenue

,

5.41

%,

7/1/2033

850,000‌

850,000‌

1,598,176‌

New

York

—

1.17%

City

of

New

York

NY

,

5.09

%,

10/1/2049

1,000,000‌

1,005,823‌

Metropolitan

Transportation

Authority,

Revenue

,

5.18

%,

11/15/2049

75,000‌

68,069‌

New

York

State

Energy

Research

&

Development

Authority,

Revenue,

Series

A

,

4.87

%,

4/1/2037

958,000‌

879,911‌

1,953,803‌

Wisconsin

—

0.30%

Public

Finance

Authority,

Revenue

,

5.29

%,

7/1/2029

500,000‌

504,450‌

Total

Municipal

Bonds

(Cost $11,986,389)

11,868,824‌

NON

U.S.

GOVERNMENT

&

AGENCIES

—

0.30%

Sovereign

—

0.30%

Brazilian

Government

International

Bond,

6.13%,

1/22/2032

500,000‌

501,033‌

Total

Non

U.S.

Government

&

Agencies

(Cost $492,883)

501,033‌

TERM

LOANS

—

1.86%

Utilities

—

1.28%

Constellation

Renewables,

LLC,

7.59%,

12/15/2027

(TSFR1M

+

225.000bps)

(b)

859,538‌

864,373‌

TerraForm

Power

Operating,

LLC,

7.99%,

5/30/2029

(SOFR

+

0.1bps

+

2.5bp

s))

(b)

897,500‌

901,148‌

Vistra

Operations

Co.,

LLC,

8.00%,

3/20/2031

(TSFR1M

+

275.000bps)

(b)

348,250‌

351,546‌

2,117,067‌

Industrials

—

0.58%

LTR

Intermediate

Holdings,

Inc.,

9.94%,

5/7/2028

(US0001M

+

450.000bps)

(b)

977,330‌

972,448‌

Total

Term

Loans

(Cost $3,064,282)

3,089,515‌

U.S.

GOVERNMENT

&

AGENCIES

—

33.72%

Fannie

Mae

Pool,

4.00

%

,

5/1/2044

720,013‌

694,603‌

Fannie

Mae

Pool,

2.50

%

,

8/1/2051

122,511‌

103,738‌

Fannie

Mae

Pool,

2.50

%

,

12/1/2051

275,277‌

233,058‌

Fannie

Mae

Pool,

2.50

%

,

2/1/2052

2,020,552‌

1,715,513‌

OneAscent

Core

Plus

Bond

ETF

Schedule

of

Investments

(continued)

November

30,

2024

-

(Unaudited)

U.S.

GOVERNMENT

&

AGENCIES

—

33.72%

-

continued

Principal

Amount

Fair

Value

Fannie

Mae

Pool,

2.50

%

,

2/1/2052

$

179,134‌

$

151,867‌

Fannie

Mae

Pool,

3.00

%

,

2/1/2052

215,128‌

188,678‌

Fannie

Mae

Pool,

3.00

%

,

4/1/2052

1,546,445‌

1,351,897‌

Fannie

Mae

Pool,

3.00

%

,

4/1/2052

2,434,333‌

2,145,747‌

Fannie

Mae

Pool,

3.50

%

,

4/1/2052

2,370,695‌

2,151,900‌

Fannie

Mae

Pool,

3.50

%

,

5/1/2052

650,285‌

590,365‌

Fannie

Mae

Pool,

5.00

%

,

5/1/2052

157,208‌

154,778‌

Fannie

Mae

Pool,

3.00

%

,

6/1/2052

769,880‌

671,819‌

Fannie

Mae

Pool,

3.50

%

,

6/1/2052

188,795‌

171,528‌

Fannie

Mae

Pool,

4.00

%

,

6/1/2052

2,158,023‌

2,021,785‌

Fannie

Mae

Pool,

4.50

%

,

6/1/2052

419,627‌

403,610‌

Fannie

Mae

Pool,

5.00

%

,

7/1/2052

418,058‌

411,269‌

Fannie

Mae

Pool,

4.00

%

,

8/1/2052

1,404,029‌

1,315,177‌

Fannie

Mae

Pool,

4.50

%

,

8/1/2052

1,848,778‌

1,778,758‌

Fannie

Mae

Pool,

4.00

%

,

9/1/2052

960,700‌

899,712‌

Fannie

Mae

Pool,

4.50

%

,

9/1/2052

1,324,286‌

1,274,130‌

Fannie

Mae

Pool,

5.00

%

,

9/1/2052

298,107‌

293,537‌

Fannie

Mae

Pool,

4.00

%

,

10/1/2052

1,216,560‌

1,139,324‌

Fannie

Mae

Pool,

4.50

%

,

10/1/2052

666,127‌

640,700‌

Fannie

Mae

Pool,

5.00

%

,

10/25/2052

621,079‌

611,510‌

Fannie

Mae

Pool,

4.50

%

,

11/1/2052

1,269,812‌

1,221,469‌

Fannie

Mae

Pool,

5.00

%

,

2/1/2053

117,974‌

116,129‌

Fannie

Mae

Pool,

5.50

%

,

2/1/2053

419,020‌

419,563‌

Fannie

Mae

Pool,

6.00

%

,

2/1/2053

359,265‌

364,169‌

Fannie

Mae

Pool,

6.00

%

,

3/1/2053

286,510‌

290,040‌

Fannie

Mae

Pool,

5.50

%

,

6/1/2053

842,157‌

842,077‌

Fannie

Mae

Pool,

5.00

%

,

8/1/2053

1,615,388‌

1,586,126‌

Fannie

Mae

Pool,

5.50

%

,

10/1/2053

2,171,377‌

2,170,856‌

Fannie

Mae

Pool,

5.50

%

,

5/1/2054

1,171,302‌

1,170,661‌

Fannie

Mae

Pool,

6.00

%

,

6/1/2054

414,724‌

419,772‌

Fannie

Mae

Pool,

4.50

%

,

11/1/2054

698,317‌

670,890‌

Fannie

Mae

Pool,

5.00

%

,

11/1/2054

558,562‌

548,354‌

Federal

National

Mortgage

Association,

0.88

%

,

8/5/2030

1,000,000‌

835,409‌

Federal

National

Mortgage

Association,

5.00

%

,

4/1/2053

497,252‌

489,269‌

Freddie

Mac

Pool,

3.00

%

,

2/1/2052

177,091‌

156,099‌

Freddie

Mac

Pool,

3.00

%

,

3/1/2052

1,143,211‌

998,605‌

Freddie

Mac

Pool,

4.00

%

,

4/1/2052

169,922‌

159,305‌

Freddie

Mac

Pool,

3.00

%

,

6/1/2052

564,031‌

495,408‌

Freddie

Mac

Pool,

3.00

%

,

6/1/2052

896,067‌

782,751‌

Ginnie

Mae

II

Pool,

3.00

%

,

12/20/2051

1,898,622‌

1,684,983‌

Ginnie

Mae

II

Pool,

3.00

%

,

1/20/2052

206,629‌

183,338‌

Ginnie

Mae

II

Pool,

3.50

%

,

7/20/2052

1,393,282‌

1,274,759‌

Ginnie

Mae

II

Pool,

4.50

%

,

8/20/2052

913,346‌

883,381‌

Ginnie

Mae

II

Pool,

4.00

%

,

9/20/2052

944,088‌

889,006‌

Ginnie

Mae

II

Pool,

4.50

%

,

12/20/2052

667,911‌

645,655‌

Ginnie

Mae

II

Pool,

4.50

%

,

2/20/2053

142,975‌

138,191‌

Ginnie

Mae

II

Pool,

5.00

%

,

2/20/2053

235,896‌

233,126‌

OneAscent

Core

Plus

Bond

ETF

Schedule

of

Investments

(continued)

November

30,

2024

-

(Unaudited)

U.S.

GOVERNMENT

&

AGENCIES

—

33.72%

-

continued

Principal

Amount

Fair

Value

Ginnie

Mae

II

Pool,

5.50

%

,

2/20/2053

$

94,158‌

$

94,550‌

Ginnie

Mae

II

Pool,

3.00

%

,

8/20/2053

26,792‌

23,774‌

United

States

Treasury

Note,

4.13

%

,

10/31/2026

773,000‌

771,973‌

United

States

Treasury

Note,

4.13

%

,

11/15/2027

440,000‌

440,155‌

United

States

Treasury

Note,

4.13

%

,

10/31/2029

3,706,000‌

3,712,225‌

United

States

Treasury

Note,

4.25

%

,

11/15/2034

1,005,000‌

1,009,632‌

United

States

Treasury

Note,

4.63

%

,

11/15/2044

6,409,000‌

6,541,687‌

United

States

Treasury

Note,

4.25

%

,

8/15/2054

2,762,000‌

2,702,013‌

Total

U.S.

Government

&

Agencies

(Cost $56,599,715)

56,080,403‌

Total

Investments

—

98.85%

(Cost

$165,601,778

)

164,420,718‌

Other

Assets

in

Excess

of

Liabilities — 1.15%

1,912,168‌

NET

ASSETS

—

100.00%

$

166,332,886‌

(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,

2024.

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)

In

default.

EMTN

-

Euro

Medium

Term

Note

GMTN

-

Global

Medium

Term

Note

OneAscent

International

Equity

ETF

Schedule

of

Investments

November

30,

2024

-

(Unaudited)

COMMON

STOCKS

—

85.07%

Shares

Fair

Value

Communications

—

1.52%

Trip.com

Group

Ltd.

(China)

(a)

31,450‌

$

2,055,577‌

Consumer

Staples

—

3.72%

Carrefour

S.A.

(France)

128,365‌

1,952,732‌

Dollarama,

Inc.

(Canada)

21,959‌

2,287,680‌

L'Oreal

S.A.

(France)

2,287‌

794,024‌

5,034,436‌

Energy

—

3.62%

CES

Energy

Solutions

Corp.

(Canada)

330,698‌

2,281,995‌

Secure

Energy

Services,

Inc.

(Canada)

231,218‌

2,617,924‌

4,899,919‌

Financials

—

15.64%

AIA

Group

Ltd.

(Hong

Kong)

186,019‌

1,390,366‌

Bangkok

Bank

PCL

(Thailand)

809,965‌

3,529,182‌

Bank

Rakyat

Indonesia

Persero

Tbk

P.T.

(Indonesia)

11,784,959‌

3,161,002‌

DBS

Group

Holdings

Ltd.

(Singapore)

197,675‌

6,262,675‌

HDFC

Bank

Ltd.

-

ADR

(India)

41,047‌

2,740,298‌

KBC

Group

N.V.

(Belgium)

56,522‌

4,074,647‌

21,158,170‌

Health

Care

—

7.37%

Jeol

Ltd.

(Japan)

36,121‌

1,259,181‌

Olympus

Corp.

(Japan)

238,792‌

3,767,090‌

Santen

Pharmaceutical

Co.

Ltd.

(Japan)

217,400‌

2,502,458‌

Straumann

Holding

AG

(Switzerland)

18,765‌

2,441,951‌

9,970,680‌

Industrials

—

18.21%

AP

Moller

-

Maersk

A/S,

Series

B

(Denmark)

905‌

1,535,630‌

Element

Fleet

Management

Corp.

(Canada)

146,565‌

3,109,516‌

Intertek

Group

plc

(United

Kingdom)

40,160‌

2,409,907‌

Mitsubishi

Electric

Corp.

(Japan)

223,693‌

3,808,514‌

Safran

S.A.

(France)

11,482‌

2,674,605‌

Siemens

AG

(Germany)

15,921‌

3,080,594‌

Sulzer

A.G.

(Switzerland)

15,428‌

2,325,530‌

Vinci

S.A.

(France)

29,739‌

3,137,267‌

Webuild

SpA

(Italy)

918,561‌

2,567,623‌

24,649,186‌

Materials

—

12.64%

CRH

plc

(Ireland)

44,243‌

4,538,581‌

Givaudan

S.A.

(Switzerland)

361‌

1,590,249‌

Heidelberg

Materials

A.G.

(Germany)

20,788‌

2,622,108‌

Mitsubishi

Materials

Corp.

(Japan)

97,555‌

1,561,814‌

Rio

Tinto

plc

(United

Kingdom)

32,638‌

2,050,101‌

Smurfit

WestRock

plc

(Ireland)

86,182‌

4,741,710‌

17,104,563‌

Technology

—

20.66%

ASML

Holding

N.V.

-

ADR

(Netherlands)

4,141‌

2,843,252‌

Canon,

Inc.

(Japan)

95,459‌

3,106,287‌

Constellation

Software,

Inc.

(Canada)

917‌

3,101,119‌

OneAscent

International

Equity

ETF

Schedule

of

Investments

(continued)

November

30,

2024

-

(Unaudited)

COMMON

STOCKS

—

85.07%

-

continued

Shares

Fair

Value

Technology

—

20.66%

-

continued

Murata

Manufacturing

Co.

Ltd.

(Japan)

87,348‌

$

1,465,551‌

Nomura

Research

Institute

Ltd.

(Japan)

102,829‌

3,148,836‌

NXP

Semiconductors

NV

(Netherlands)

12,663‌

2,904,512‌

SCREEN

Holdings

Company

Ltd.

(Japan)

31,119‌

1,955,781‌

Taiwan

Semiconductor

Manufacturing

Co.,

Ltd.

-

ADR

(Taiwan

Province

of

China)

24,768‌

4,573,659‌

Topicus.com,

Inc.

(Canada)

21,955‌

1,893,297‌

Wise

plc

(United

Kingdom)

(a)

264,885‌

2,972,752‌

27,965,046‌

Utilities

—

1.69%

Enel

SpA

(Italy)

317,729‌

2,285,796‌

WARRANTS

-

0.00%

(b)

Technology

—

0.00%

(b)

Constellation

Software,

Inc.,

(Canada)

Expiration

Date

3/31/2040

(c)

872‌

$

‌-

Total

Warrants

Cost

($0)

‌-

Total

Investments

—

85.07%

(Cost

$98,590,711

)

115,123,373‌

Other

Assets

in

Excess

of

Liabilities — 14.93%

20,204,592‌

NET

ASSETS

—

100.00%

$

135,327,965‌

(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,

2024

-

(Unaudited)

COMMON

STOCKS

—

84.61%

Shares

Fair

Value

Communications

—

7.51%

MakeMyTrip

Ltd.

(Mauritius)

(a)

18,284‌

$

2,097,906‌

Trip.com

Group

Ltd.

(China)

(a)

30,786‌

2,012,178‌

4,110,084‌

Consumer

Discretionary

—

14.57%

Ace

Hardware

Indonesia

Tbk

P.T.

(Indonesia)

22,383,643‌

1,087,751‌

Coway

Co.

Ltd.

(South

Korea)

17,173‌

811,709‌

Haier

Smart

Home

Co.

Ltd.,

H

Shares

(China)

604,789‌

2,056,135‌

Hankook

Tire

&

Technology

Co.

Ltd.

(Korea

(Republic

of))

35,700‌

964,055‌

KIA

Corp.

(Korea

(Republic

of))

11,859‌

790,192‌

MercadoLibre,

Inc.

(Argentina)

(a)

537‌

1,066,036‌

MINISO

Group

Holding

Ltd.

(Cayman

Islands)

241,000‌

1,198,809‌

7,974,687‌

Consumer

Staples

—

4.89%

Charoen

Pokphand

Foods

PCL

(Thailand)

904,024‌

629,716‌

Indofood

CBP

Sukses

Makmur

Tbk

P.T.

(Indonesia)

1,575,679‌

1,183,375‌

Kimberly-Clark

de

Mexico

SAB

de

CV

(Mexico)

634,549‌

865,048‌

2,678,139‌

Energy

—

1.38%

PTT

Exploration

&

Production

PCL

(Thailand)

203,126‌

754,818‌

Financials

—

10.42%

Bank

Rakyat

Indonesia

Persero

Tbk

P.T.

(Indonesia)

5,375,541‌

1,441,846‌

BB

Seguridade

Participacoes

S.A.

(Brazil)

171,700‌

955,252‌

HDFC

Bank

Ltd.

-

ADR

(India)

23,389‌

1,561,450‌

NU

Holdings

Ltd.,

Class

A

(Taiwan

Province

of

China)

(a)

97,500‌

1,221,675‌

Regional

S.A.B.

de

C.V.

(Mexico)

93,653‌

526,008‌

5,706,231‌

Health

Care

—

1.72%

Dentium

Co.

Ltd.

(South

Korea)

22,155‌

942,313‌

Industrials

—

10.91%

CJ

Logistics

Corporation

(Korea

(Republic

of))

18,630‌

1,094,373‌

Hanwha

Aerospace

Co.

Ltd.

(Korea

(Republic

of))

6,310‌

1,414,322‌

LIG

Nex1

Co.

Ltd.

(Korea

(Republic

of))

11,715‌

1,656,142‌

Sporton

International,

Inc.

(Taiwan

Province

of

China)

98,400‌

616,230‌

Voltronic

Power

Technology

Corp.

(Taiwan

Province

of

China)

21,000‌

1,189,106‌

5,970,173‌

Materials

—

3.05%

Harmony

Gold

Mining

Co.

Ltd.

(South

Africa)

73,271‌

671,054‌

Suzano

S.A.

-

ADR

(Brazil)

96,366‌

997,388‌

1,668,442‌

Technology

—

30.16%

Accton

Technology

Corp.

(Taiwan

Province

of

China)

99,000‌

2,001,631‌

DB

HiTek

Co.

Ltd.

(South

Korea)

20,720‌

466,647‌

eMemory

Technology,

Inc.

(Taiwan

Province

of

China)

8,000‌

717,649‌

Infosys

Ltd.

-

ADR

(India)

62,519‌

1,379,794‌

MediaTek,

Inc.

(Taiwan

Province

of

China)

46,000‌

1,776,581‌

Samsung

Electronics

Co.

Ltd.

(South

Korea)

70,164‌

2,727,610‌

OneAscent

Emerging

Markets

ETF

Schedule

of

Investments

(continued)

November

30,

2024

-

(Unaudited)

COMMON

STOCKS

—

84.61%

-

continued

Shares

Fair

Value

Technology

—

30.16%

-

continued

Samsung

SDI

Co.

Ltd.

(South

Korea)

2,154‌

$

393,190‌

Taiwan

Semiconductor

Manufacturing

Co.

Ltd.

(Taiwan

Province

of

China)

190,000‌

5,823,665‌

Wipro

Ltd.

-

ADR

(India)

175,318‌

1,225,473‌

16,512,240‌

Total

Common

Stocks/

Investments

—

84.61%

(Cost

$41,126,832

)

46,317,127‌

Other

Assets

in

Excess

of

Liabilities — 15.39%

8,423,286‌

NET

ASSETS

—

100.00%

$

54,740,413‌

(a)

Non-income

producing

security.

ADR

-

American

Depositary

Receipt

OneAscent

Small

Cap

Core

ETF

Schedule

of

Investments

November

30,

2024

-

(Unaudited)

17

COMMON

STOCKS

—

95.80%

Shares

Fair

Value

Communications

—

2.92%

Cogent

Communications

Holdings,

Inc.

1,100‌

$

90,408‌

EchoStar

Corp.,

Class

A

(a)

2,282‌

57,712‌

GOGO,

Inc.

(a)

2,950‌

23,689‌

IAC,

Inc.

(a)

1,395‌

66,026‌

John

Wiley

&

Sons,

Inc.,

Class

A

1,905‌

99,403‌

Lumen

Technologies,

Inc.

(a)

13,825‌

101,475‌

Marqeta,

Inc.

(a)

6,180‌

23,978‌

Telephone

and

Data

Systems,

Inc.

2,275‌

77,760‌

540,451‌

Consumer

Discretionary

—

17.07%

Adtalem

Global

Education,

Inc.

(a)

930‌

85,011‌

Advance

Auto

Parts,

Inc.

57‌

2,357‌

American

Axle

&

Manufacturing

Holdings,

Inc.

(a)

6,775‌

44,783‌

American

Eagle

Outfitters,

Inc.

4,200‌

80,808‌

Asbury

Automotive

Group,

Inc.

(a)

525‌

136,410‌

Boot

Barn

Holdings,

Inc.

(a)

625‌

85,712‌

Buckle,

Inc.

(The)

1,493‌

77,770‌

Cavco

Industries,

Inc.

(a)

276‌

142,002‌

Chegg,

Inc.

(a)

10,750‌

22,683‌

Dana,

Inc.

6,775‌

67,749‌

Eplus,

Inc.

(a)

905‌

73,178‌

Foot

Locker,

Inc.

(a)

1,543‌

38,806‌

Fox

Factory

Holding

Corp.

(a)

1,600‌

51,968‌

Gentherm,

Inc.

(a)

1,200‌

50,520‌

G-III

Apparel

Group

Ltd.

(a)

1,520‌

45,038‌

Group

1

Automotive,

Inc.

171‌

72,812‌

Hanesbrands,

Inc.

(a)

6,328‌

55,054‌

Harley-Davidson,

Inc.

1,217‌

40,928‌

Herman

Miller,

Inc.

2,425‌

60,965‌

HNI

Corp.

2,000‌

113,300‌

KAR

Auction

Services,

Inc.

(a)

4,500‌

90,900‌

KB

Home

821‌

67,930‌

Kohl's

Corp.

3,179‌

47,590‌

La-Z-Boy,

Inc.

1,855‌

83,976‌

LGI

Homes,

Inc.

(a)

493‌

53,979‌

Marcus

Corp.

(The)

3,607‌

81,662‌

Meritage

Homes

Corp.

798‌

152,473‌

Oxford

Industries,

Inc.

650‌

54,061‌

Papa

John's

International,

Inc.

1,052‌

52,421‌

Phinia,

Inc.

1,123‌

62,978‌

Shake

Shack,

Inc.,

Class

A

(a)

842‌

112,601‌

Signet

Jewelers

Ltd.

850‌

85,170‌

Six

Flags

Entertainment

Corp

1,825‌

84,297‌

St.

Joe

Company

(The)

1,725‌

88,113‌

Steven

Madden

Ltd.

2,168‌

98,817‌

Strategic

Education,

Inc.

625‌

61,756‌

OneAscent

Small

Cap

Core

ETF

Schedule

of

Investments

(continued)

November

30,

2024

-

(Unaudited)

18

COMMON

STOCKS

—

95.80%

-

continued

Shares

Fair

Value

Consumer

Discretionary

—

17.07%

-

continued

Stride,

Inc.

(a)

826‌

$

88,274‌

Tempur

Sealy

International,

Inc.

1,000‌

55,980‌

Universal

Technical

Institute,

Inc.

(a)

1,650‌

42,686‌

V.F.

Corp.

6,126‌

123,929‌

Victoria's

Secret

&

Co.

(a)

1,300‌

50,492‌

Wendy's

Co.

(The)

4,775‌

87,669‌

Winnebago

Industries,

Inc.

1,425‌

83,420‌

3,159,028‌

Consumer

Staples

—

1.13%

Edgewell

Personal

Care

Co.

2,300‌

84,134‌

National

Beverage

Corp.

1,200‌

59,268‌

United

Natural

Foods,

Inc.

(a)

2,649‌

65,775‌

209,177‌

Energy

—

3.54%

Archrock,

Inc.

4,200‌

107,605‌

Liberty

Oilfield

Services,

Inc.,

Class

A

3,371‌

62,026‌

Nabors

Industries

Ltd.

(a)

442‌

32,456‌

Northern

Oil

and

Gas,

Inc.

1,919‌

83,457‌

Oceaneering

International,

Inc.

(a)

2,655‌

79,597‌

Patterson-UTI

Energy,

Inc.

6,382‌

53,609‌

SM

Energy

Co.

2,167‌

97,927‌

Sunrun,

Inc.

(a)

3,680‌

42,430‌

Talos

Energy,

Inc.

(a)

5,049‌

56,801‌

Tidewater,

Inc.

(a)

743‌

38,428‌

654,336‌

Financials

—

20.49%

AMERISAFE,

Inc.

1,850‌

109,187‌

BancFirst

Corp.

1,050‌

132,594‌

Bank

of

Hawaii

Corp.

1,500‌

118,470‌

Berkshire

Hills

Bancorp,

Inc.

3,775‌

115,062‌

BGC

Group,

Inc.,

Class

A

8,825‌

85,956‌

Bread

Financial

Holdings,

Inc.

1,370‌

80,597‌

Columbia

Banking

System,

Inc.

4,400‌

136,444‌

Comerica,

Inc.

2,471‌

178,530‌

Essent

Group

Ltd.

1,675‌

96,782‌

F&G

Annuities

&

Life,

Inc.

725‌

35,039‌

First

American

Financial

Corp.

1,502‌

105,365‌

First

Hawaiian,

Inc.

5,800‌

160,137‌

First

Interstate

BancSystem,

Inc.,

Class

A

3,450‌

120,647‌

GATX

Corp.

575‌

94,392‌

Goldman

Sachs

BDC,

Inc.

5,961‌

77,910‌

Heritage

Financial

Corp.

5,250‌

138,863‌

Hilltop

Holdings,

Inc.

2,975‌

94,159‌

Independent

Bank

Corp.

1,975‌

142,970‌

Jackson

Financial,

Inc.,

Class

A

1,328‌

133,052‌

Kearny

Financial

Corp.

16,250‌

128,700‌

Kennedy-Wilson

Holdings,

Inc.

10,050‌

116,380‌

OneAscent

Small

Cap

Core

ETF

Schedule

of

Investments

(continued)

November

30,

2024

-

(Unaudited)

19

COMMON

STOCKS

—

95.80%

-

continued

Shares

Fair

Value

Financials

—

20.49%

-

continued

Lincoln

National

Corp.

4,100‌

$

145,714‌

Marathon

Digital

Holdings,

Inc.

(a)

3,782‌

103,702‌

Mr.

Cooper

Group,

Inc.

(a)

1,180‌

116,431‌

Pacific

Premier

Bancorp,

Inc.

4,500‌

127,800‌

Palomar

Holdings,

Inc.

(a)

550‌

59,565‌

Piper

Sandler

Cos.

500‌

171,495‌

Radian

Group,

Inc.

3,375‌

120,791‌

RLI

Corp.

425‌

74,758‌

S&T

Bancorp,

Inc.

3,575‌

152,974‌

Stewart

Information

Services

Corp.

1,125‌

84,476‌

United

Community

Banks,

Inc.

4,625‌

156,371‌

Zions

Bancorp.

1,275‌

77,163‌

3,792,476‌

Health

Care

—

8.33%

Catalyst

Pharmaceuticals,

Inc.

(a)

1,929‌

42,573‌

Encompass

Health

Corp.

625‌

64,338‌

Ensign

Group,

Inc.

(The)

1,126‌

164,632‌

Fortrea

Holdings,

Inc.

(a)

2,199‌

46,289‌

Glaukos

Corp.

(a)

845‌

121,384‌

ICU

Medical,

Inc.

(a)

345‌

56,566‌

Inari

Medical,

Inc.

(a)

1,100‌

57,112‌

Krystal

Biotech,

Inc.

(a)

421‌

83,114‌

LeMaitre

Vascular,

Inc.

831‌

88,909‌

Ligand

Pharmaceuticals,

Inc.

(a)

675‌

81,992‌

Merit

Medical

Systems,

Inc.

(a)

1,295‌

134,550‌

National

Healthcare

Corp.

650‌

81,380‌

NeoGenomics,

Inc.

(a)

3,255‌

57,711‌

Organon

&

Co.

5,130‌

81,413‌

Pacira

Pharmaceuticals,

Inc.

(a)

1,900‌

32,129‌

Protagonist

Therapeutics,

Inc.

(a)

919‌

40,252‌

RadNet,

Inc.

(a)

1,325‌

108,332‌

STAAR

Surgical

Co.

(a)

1,175‌

34,193‌

Tandem

Diabetes

Care,

Inc.

(a)

1,144‌

35,041‌

Varex

Imaging

Corp.

(a)

3,875‌

64,635‌

Vericel

Corp.

(a)

1,100‌

63,954‌

1,540,499‌

Industrials

—

15.01%

AAR

Corp.

(a)

1,200‌

83,424‌

Advanced

Energy

Industries,

Inc.

831‌

95,598‌

Aerovironment,

Inc.

(a)

500‌

97,249‌

Alamo

Group,

Inc.

575‌

114,971‌

Alaska

Air

Group,

Inc.

(a)

2,167‌

113,983‌

Badger

Meter,

Inc.

700‌

151,774‌

Dorian,

L.P.G

Ltd.

925‌

22,635‌

Douglas

Dynamics,

Inc.

2,773‌

71,793‌

Dycom

Industries,

Inc.

(a)

550‌

99,638‌

Frontdoor,

Inc.

(a)

1,872‌

109,699‌

OneAscent

Small

Cap

Core

ETF

Schedule

of

Investments

(continued)

November

30,

2024

-

(Unaudited)

20

COMMON

STOCKS

—

95.80%

-

continued

Shares

Fair

Value

Industrials

—

15.01%

-

continued

Granite

Construction,

Inc.

1,225‌

$

121,729‌

H&E

Equipment

Services,

Inc.

1,150‌

68,701‌

Heartland

Express,

Inc.

8,400‌

107,268‌

Hillenbrand,

Inc.

2,426‌

82,557‌

Installed

Building

Products,

Inc.

500‌

114,370‌

Itron,

Inc.

(a)

1,119‌

132,635‌

JetBlue

Airways

Corp.

(a)

10,679‌

63,754‌

Kratos

Defense

&

Security

Solutions,

Inc.

(a)

1,750‌

47,408‌

Moog,

Inc.,

Class

A

403‌

89,172‌

Mueller

Industries,

Inc.

2,273‌

183,590‌

MYR

Group,

Inc.

(a)

500‌

78,950‌

Powell

Industries,

Inc.

200‌

53,476‌

Robert

Half

International,

Inc.

1,751‌

130,642‌

RXO,

Inc.

(a)

1,999‌

60,270‌

SPX

Technologies,

Inc.

(a)

1,073‌

189,321‌

Titan

International,

Inc.

(a)

4,325‌

31,659‌

Trinity

Industries,

Inc.

2,780‌

104,806‌

UniFirst

Corp.

775‌

155,674‌

2,776,746‌

Materials

—

8.15%

Allegheny

Technologies,

Inc.

(a)

1,994‌

119,979‌

Alpha

Metallurgical

Resources,

Inc.

175‌

42,975‌

Apogee

Enterprises,

Inc.

1,050‌

88,421‌

Balchem

Corp.

351‌

63,363‌

Boise

Cascade

Co.

825‌

121,770‌

Carpenter

Technology

Corp.

792‌

153,680‌

CONSOL

Energy,

Inc.

500‌

65,350‌

Greif,

Inc.,

Class

B

1,150‌

87,101‌

Hawkins,

Inc.

570‌

76,671‌

Innospec,

Inc.

975‌

115,644‌

Louisiana-Pacific

Corp.

343‌

40,543‌

Peabody

Energy

Corp.

1,952‌

46,555‌

Rogers

Corp.

(a)

600‌

62,148‌

Sealed

Air

Corp.

3,375‌

123,525‌

Stepan

Co.

1,225‌

94,202‌

SunCoke

Energy,

Inc.

4,925‌

61,366‌

Sylvamo

Corp.

800‌

73,832‌

Warrior

Met

Coal,

Inc.

1,000‌

70,319‌

1,507,444‌

Real

Estate

—

5.10%

Claros

Mortgage

Trust,

Inc.

6,075‌

41,249‌

Cushman

&

Wakefield

PLC

(a)

7,747‌

118,530‌

eXp

World

Holdings,

Inc.

3,124‌

43,267‌

Hannon

Armstrong

Sustainable

Infrastructure

Capital,

Inc.

2,575‌

80,752‌

Howard

Hughes

Holdings,

Inc.

(a)

1,376‌

119,354‌

Jones

Lang

LaSalle,

Inc.

(a)

369‌

103,541‌

Marcus

&

Millichap,

Inc.

2,504‌

104,191‌

OneAscent

Small

Cap

Core

ETF

Schedule

of

Investments

(continued)

November

30,

2024

-

(Unaudited)

21

COMMON

STOCKS

—

95.80%

-

continued

Shares

Fair

Value

Real

Estate

—

5.10%

-

continued

Matson,

Inc.

825‌

$

126,374‌

Newmark

Group,

Inc.,

Class

A

4,303‌

66,610‌

REX

Holdings,

Inc.,

Class

A

4,447‌

58,523‌

RMR

Group,

Inc.

(The),

Class

A

3,625‌

80,475‌

942,866‌

Technology

—

10.93%

A10

Networks,

Inc.

3,375‌

57,544‌

Axcelis

Technologies,

Inc.

(a)

731‌

54,269‌

Box,

Inc.,

Class

A

(a)

2,293‌

80,461‌

Calix,

Inc.

(a)

1,568‌

51,007‌

Cohu,

Inc.

(a)

2,525‌

66,660‌

DoubleVerify

Holdings,

Inc.

(a)

3,250‌

66,073‌

DXC

Technology

Co.

(a)

3,305‌

74,363‌

Extreme

Networks,

Inc.

(a)

3,848‌

63,877‌

F5,

Inc.

(a)

248‌

62,087‌

FormFactor,

Inc.

(a)

1,875‌

75,113‌

Harmonic,

Inc.

(a)

3,418‌

43,819‌

Insight

Enterprises,

Inc.

(a)

600‌

93,869‌

InterDigital,

Inc.

675‌

132,272‌

LiveRamp

Holdings,

Inc.

(a)

1,950‌

59,202‌

N-Able,

Inc.

(a)

3,875‌

40,455‌

NCR

Atleos

Corp.

(a)

1,355‌

44,458‌

NetScout

Systems,

Inc.

(a)

3,550‌

77,674‌

Omnicell,

Inc.

(a)

1,353‌

63,036‌

PAR

Technology

Corp.

(a)

656‌

53,228‌

Payoneer

Global,

Inc.

(a)

7,181‌

78,345‌

Photronics,

Inc.

(a)

2,300‌

57,293‌

Progress

Software

Corp.

1,968‌

134,631‌

Semtech

Corp.

(a)

1,069‌

68,459‌

SiTime

Corp.

(a)

252‌

53,520‌

SPS

Commerce,

Inc.

(a)

750‌

144,803‌

Veeco

Instruments,

Inc.

(a)

1,800‌

50,166‌

Viavi

Solutions,

Inc.

(a)

9,600‌

95,424‌

Vishay

Intertechnology,

Inc.

4,200‌

80,219‌

2,022,327‌

Utilities

—

3.13%

American

States

Water

Co.

1,325‌

113,035‌

Avista

Corp.

3,150‌

121,874‌

Chesapeake

Utilities

Corp.

850‌

111,987‌

Northwest

Natural

Holding

Co.

2,525‌

110,646‌

NorthWestern

Energy

Group,

Inc.

2,200‌

121,528‌

579,070‌

OneAscent

Small

Cap

Core

ETF

Schedule

of

Investments

(continued)

November

30,

2024

-

(Unaudited)

22

Total

Common

Stocks/

Investments

—

95.80%

(Cost

$15,659,850

)

$

17,724,420‌

Other

Assets

in

Excess

of

Liabilities — 4.20%

777,699‌

NET

ASSETS

—

100.00%

$

18,502,119‌

(a)

Non-income

producing

security.

BDC

-

Business

Development

Company