ALPS ETF Trust
Schedules of Investments
(Unaudited)
August 31, 2022
Alerian Energy Infrastructure ETF
Schedule of Investments
As of August 31, 2022 (Unaudited)
Security Description | Shares | Value | ||||||
CANADIAN ENERGY INFRASTRUCTURE COMPANIES (26.78%) | ||||||||
Gathering + Processing (4.28%) | ||||||||
Keyera Corp. | 223,749 | $ | 5,513,014 | |||||
Pipeline Transportation | Natural Gas (6.20%) | ||||||||
TC Energy Corp.(a) | 165,391 | 7,970,150 | ||||||
Pipeline Transportation | Petroleum (14.11%) | ||||||||
Enbridge, Inc. | 297,497 | 12,268,198 | ||||||
Pembina Pipeline Corp. | 166,460 | 5,878,414 | ||||||
Total Pipeline Transportation | Petroleum | 18,146,612 | |||||||
Storage (2.19%) | ||||||||
Gibson Energy, Inc. | 149,136 | 2,815,001 | ||||||
TOTAL CANADIAN ENERGY INFRASTRUCTURE COMPANIES | ||||||||
(Cost $33,897,897) | 34,444,777 |
Security Description | Shares | Value | ||||||
EXCHANGE TRADED FUND (1.18%) | ||||||||
Exchange Traded Fund (1.18%) | ||||||||
Energy Select Sector SPDR Fund | 18,920 | 1,523,060 | ||||||
TOTAL EXCHANGE TRADED FUND | ||||||||
(Cost $1,523,202) | 1,523,060 |
Security Description | Shares | Value | ||||||
U.S. ENERGY INFRASTRUCTURE COMPANIES (30.31%) | ||||||||
Gathering + Processing (10.04%) | ||||||||
Kinetik Holdings, Inc.(a) | 12,260 | 452,026 | ||||||
ONEOK, Inc. | 101,544 | 6,217,539 | ||||||
Targa Resources Corp. | 91,521 | 6,244,478 | ||||||
Total Gathering + Processing | 12,914,043 | |||||||
Liquefaction (7.83%) | ||||||||
Cheniere Energy, Inc. | 50,026 | 8,013,165 | ||||||
Tellurian, Inc.(a)(b) | 514,766 | 2,059,064 | ||||||
Total Liquefaction | 10,072,229 | |||||||
Pipeline Transportation | Natural Gas (12.44%) | ||||||||
DT Midstream, Inc. | 98,359 | 5,430,400 | ||||||
Equitrans Midstream Corp. | 468,308 | 4,341,215 | ||||||
Kinder Morgan, Inc. | 340,308 | 6,234,443 | ||||||
Total Pipeline Transportation | Natural Gas | 16,006,058 | |||||||
TOTAL U.S. ENERGY INFRASTRUCTURE COMPANIES | ||||||||
(Cost $31,215,395) | 38,992,330 |
Security Description | Shares | Value | ||||||
U.S. ENERGY INFRASTRUCTURE MLPS (25.85%) | ||||||||
Gathering + Processing (6.47%) | ||||||||
Crestwood Equity Partners LP | 14,385 | $ | 383,504 | |||||
Hess Midstream LP, Class A | 52,186 | 1,477,386 | ||||||
MPLX LP | 133,857 | 4,366,415 | ||||||
Western Midstream Partners LP | 74,633 | 2,097,933 | ||||||
Total Gathering + Processing | 8,325,238 | |||||||
Pipeline Transportation | Natural Gas (15.27%) | ||||||||
Energy Transfer LP | 750,457 | 8,787,852 | ||||||
Enterprise Products Partners LP | 412,092 | 10,846,261 | ||||||
Total Pipeline Transportation | Natural Gas | 19,634,113 | |||||||
Pipeline Transportation | Petroleum (4.11%) | ||||||||
Genesis Energy LP | 23,095 | 267,440 | ||||||
Holly Energy Partners LP | 13,096 | 232,585 | ||||||
Magellan Midstream Partners LP | 77,580 | 4,005,455 | ||||||
NuStar Energy LP | 24,187 | 386,025 | ||||||
Shell Midstream Partners LP | 25,222 | 398,760 | ||||||
Total Pipeline Transportation | Petroleum | 5,290,265 | |||||||
TOTAL U.S. ENERGY INFRASTRUCTURE MLPS | ||||||||
(Cost $31,434,358) | 33,249,616 |
Security Description | Shares | Value | ||||||
U.S. GENERAL PARTNERS (15.74%) | ||||||||
Gathering + Processing (10.56%) | ||||||||
Antero Midstream Corp. | 326,411 | 3,286,959 | ||||||
EnLink Midstream LLC | 328,043 | 3,332,917 | ||||||
The Williams Cos., Inc. | 204,642 | 6,963,967 | ||||||
Total Gathering + Processing | 13,583,843 | |||||||
Pipeline Transportation | Petroleum (5.18%) | ||||||||
Plains GP Holdings LP, Class A | 556,378 | 6,665,408 | ||||||
TOTAL U.S. GENERAL PARTNERS | ||||||||
(Cost $17,799,294) | 20,249,251 |
7 Day Yield | Shares | Value | ||||||||||
SHORT TERM INVESTMENTS (2.06%) | ||||||||||||
Money Market Fund (0.36%) | ||||||||||||
State Street Institutional Treasury Plus Money Market Fund | ||||||||||||
(Cost $466,663) | 2.25% | 466,663 | $ | 466,663 | ||||||||
Investments Purchased with Collateral from Securities Loaned (1.70%) | ||||||||||||
State Street Navigator Securities Lending Government Money Market Portfolio, 2.34% | ||||||||||||
(Cost $2,177,016) | 2,177,016 | 2,177,016 | ||||||||||
TOTAL SHORT TERM INVESTMENTS | ||||||||||||
(Cost $2,643,679) | 2,643,679 | |||||||||||
TOTAL INVESTMENTS (101.92%) | ||||||||||||
(Cost $118,513,825) | $ | 131,102,713 | ||||||||||
LIABILITIES IN EXCESS OF OTHER ASSETS (-1.92%) | (2,464,283 | ) | ||||||||||
NET ASSETS - 100.00% | $ | 128,638,430 |
(a) | Security, or a portion of the security position is currently on loan. The total market value of securities on loan is $2,238,879. |
(b) | Non-income producing security. |
See Notes to Quarterly Schedule of Investments.
Alerian MLP ETF
Schedule of Investments
As of August 31, 2022 (Unaudited)
Security Description | Shares | Value | ||||||
MASTER LIMITED PARTNERSHIPS (100.04%) | ||||||||
Gathering + Processing (32.67%) | ||||||||
Crestwood Equity Partners LP(a) | 10,434,938 | $ | 278,195,447 | |||||
DCP Midstream LP(a) | 13,280,642 | 504,930,009 | ||||||
EnLink Midstream LLC(a) | 47,376,660 | 481,346,865 | ||||||
Hess Midstream LP, Class A | 7,536,723 | 213,364,628 | ||||||
Western Midstream Partners LP(a) | 24,177,434 | 679,627,670 | ||||||
Total Gathering + Processing | 2,157,464,619 | |||||||
Liquefaction (4.59%) | ||||||||
Cheniere Energy Partners LP | 5,924,924 | 303,000,613 | ||||||
Pipeline Transportation | Natural Gas (19.90%) | ||||||||
Energy Transfer LP | 57,190,469 | 669,700,392 | ||||||
Enterprise Products Partners LP | 24,486,942 | 644,496,314 | ||||||
Total Pipeline Transportation | Natural Gas | 1,314,196,706 | |||||||
Pipeline Transportation | Petroleum (42.88%) | ||||||||
Genesis Energy LP(a) | 15,970,329 | 184,936,410 | ||||||
Holly Energy Partners LP(a) | 6,698,107 | 118,958,380 | ||||||
Magellan Midstream Partners LP(a) | 12,911,547 | 666,623,172 | ||||||
MPLX LP | 20,080,848 | 655,037,262 | ||||||
NuStar Energy LP(a) | 14,581,377 | 232,718,777 | ||||||
Plains All American Pipeline LP(a) | 58,452,738 | 686,819,671 | ||||||
Shell Midstream Partners LP | 18,174,203 | 287,334,149 | ||||||
Total Pipeline Transportation | Petroleum | 2,832,427,821 | |||||||
TOTAL MASTER LIMITED PARTNERSHIPS | ||||||||
(Cost $3,623,483,024) | 6,607,089,759 |
7 Day Yield | Shares | Value | ||||||||||
SHORT TERM INVESTMENTS (0.01%) | ||||||||||||
State Street Institutional Treasury Plus Money Market Fund | 2.25% | 508,630 | 508,630 | |||||||||
TOTAL SHORT TERM INVESTMENTS | ||||||||||||
(Cost $508,630) | 508,630 | |||||||||||
TOTAL INVESTMENTS (100.05%) | ||||||||||||
(Cost $3,623,991,654) | $ | 6,607,598,389 | ||||||||||
LIABILITIES IN EXCESS OF OTHER ASSETS (-0.05%) | (3,154,745 | ) | ||||||||||
NET ASSETS - 100.00% | $ | 6,604,443,644 |
(a) | Affiliated Company. See Note 6 in Notes to Quarterly Schedule of Investments. |
See Notes to Quarterly Schedule of Investments.
ALPS Active REIT ETF
Schedule of Investments
As of August 31, 2022 (Unaudited)
Security Description | Shares | Value | ||||||
COMMON STOCKS (98.78%) | ||||||||
Diversified REITs (1.97%) | ||||||||
WP Carey, Inc. | 4,350 | $ | 365,531 | |||||
Health Care REITs (10.64%) | ||||||||
Healthpeak Properties, Inc. | 36,636 | 961,695 | ||||||
Omega Healthcare Investors, Inc. | 10,539 | 344,204 | ||||||
Welltower, Inc. | 8,750 | 670,688 | ||||||
Total Health Care REITs | 1,976,587 | |||||||
Hotel & Resort REITs (4.40%) | ||||||||
Host Hotels & Resorts, Inc. | 27,500 | 488,675 | ||||||
RLJ Lodging Trust | 27,318 | 329,455 | ||||||
Total Hotel & Resort REITs | 818,130 | |||||||
Industrial REITs (16.10%) | ||||||||
Duke Realty Corp. | 16,647 | 979,676 | ||||||
First Industrial Realty Trust, Inc. | 8,190 | 415,069 | ||||||
Prologis, Inc. | 7,254 | 903,196 | ||||||
Rexford Industrial Realty, Inc. | 11,112 | 691,278 | ||||||
Total Industrial REITs | 2,989,219 | |||||||
Office REITs (6.56%) | ||||||||
Alexandria Real Estate Equities, Inc. | 3,254 | 499,164 | ||||||
Boston Properties, Inc. | 4,020 | 319,309 | ||||||
Cousins Properties, Inc. | 6,663 | 178,902 | ||||||
Kilroy Realty Corp. | 4,535 | 221,172 | ||||||
Total Office REITs | 1,218,547 | |||||||
Residential REITs (20.62%) | ||||||||
AvalonBay Communities, Inc. | 3,377 | 678,473 | ||||||
Equity LifeStyle Properties, Inc. | 7,548 | 529,115 | ||||||
Equity Residential | 15,378 | 1,125,361 | ||||||
Invitation Homes, Inc. | 20,074 | 728,285 | ||||||
Mid-America Apartment Communities, Inc. | 2,692 | 445,984 | ||||||
Sun Communities, Inc. | 2,106 | 323,713 | ||||||
Total Residential REITs | 3,830,931 | |||||||
Retail REITs (15.64%) | ||||||||
Agree Realty Corp. | 3,297 | 248,330 | ||||||
Brixmor Property Group, Inc. | 16,959 | 364,279 | ||||||
Realty Income Corp. | 14,937 | 1,019,898 | ||||||
Retail Opportunity Investments Corp. | 18,619 | 311,868 | ||||||
Simon Property Group, Inc. | 9,418 | 960,448 | ||||||
Total Retail REITs | 2,904,823 | |||||||
Specialized REITs (22.85%) | ||||||||
Crown Castle, Inc. | 2,880 | 491,990 |
Security Description | Shares | Value | ||||||
Specialized REITs (continued) | ||||||||
Equinix, Inc. | 1,734 | $ | 1,139,879 | |||||
Life Storage, Inc. | 4,154 | 528,597 | ||||||
Public Storage | 3,694 | 1,222,085 | ||||||
VICI Properties, Inc. | 25,960 | 856,420 | ||||||
Total Specialized REITs | 4,238,971 | |||||||
TOTAL COMMON STOCKS | ||||||||
(Cost $18,134,528) | 18,342,739 |
7 Day Yield | Shares | Value | ||||||||||
SHORT TERM INVESTMENTS (1.22%) | ||||||||||||
Money Market Fund | ||||||||||||
State Street Institutional Treasury Plus Money Market Fund | 2.25% | 227,223 | 227,223 | |||||||||
TOTAL SHORT TERM INVESTMENTS | ||||||||||||
(Cost $227,223) | 227,223 | |||||||||||
TOTAL INVESTMENTS (100.00%) | ||||||||||||
(Cost $18,361,751) | $ | 18,569,962 | ||||||||||
LIABILITIES IN EXCESS OF OTHER ASSETS (0.00%) | (869 | ) | ||||||||||
NET ASSETS - 100.00% | $ | 18,569,093 |
See Notes to Quarterly Schedule of Investments.
ALPS Clean Energy ETF
Schedule of Investments
As of August 31, 2022 (Unaudited)
Security Description | Shares | Value | ||||||
COMMON STOCKS (89.02%) | ||||||||
Consumer Discretionary (14.20%) | ||||||||
EVgo, Inc.(a)(b) | 448,784 | $ | 4,258,960 | |||||
Lucid Group, Inc.(a)(b) | 1,840,588 | 28,234,620 | ||||||
Rivian Automotive, Inc.(a)(b) | 1,138,250 | 37,232,159 | ||||||
Tesla, Inc.(a) | 146,548 | 40,390,094 | ||||||
Volta, Inc.(a)(b) | 711,995 | 1,523,669 | ||||||
Workhorse Group, Inc.(a)(b) | 1,007,114 | 3,152,267 | ||||||
Total Consumer Discretionary | 114,791,769 | |||||||
Energy (3.43%) | ||||||||
Aemetis, Inc.(a)(b) | 193,422 | 1,764,009 | ||||||
Archaea Energy, Inc., Class A(a) | 523,316 | 10,340,724 | ||||||
Green Plains, Inc.(a) | 339,506 | 12,436,105 | ||||||
REX American Resources Corp.(a) | 103,320 | 3,130,596 | ||||||
Total Energy | 27,671,434 | |||||||
Financials (2.74%) | ||||||||
Hannon Armstrong Sustainable Infrastructure Capital, Inc.(b) | 560,567 | 22,153,608 | ||||||
Industrials (28.84%) | ||||||||
Ameresco, Inc., Class A(a) | 198,799 | 13,687,311 | ||||||
Array Technologies, Inc.(a) | 917,493 | 19,175,604 | ||||||
Ballard Power Systems, Inc.(a)(b) | 1,558,352 | 12,155,146 | ||||||
Blink Charging Co.(a)(b) | 242,352 | 5,179,062 | ||||||
ChargePoint Holdings, Inc.(a)(b) | 1,675,858 | 27,266,210 | ||||||
Fluence Energy, Inc.(a)(b) | 240,188 | 4,791,751 | ||||||
Hyliion Holdings Corp.(a)(b) | 816,893 | 2,867,294 | ||||||
Hyzon Motors, Inc.(a)(b) | 475,559 | 1,012,941 | ||||||
Infrastructure and Energy Alternatives, Inc.(a) | 188,591 | 2,679,878 | ||||||
Li-Cycle Holdings Corp.(a)(b) | 745,729 | 5,376,706 | ||||||
Lion Electric Co.(a)(b) | 562,005 | 2,158,099 | ||||||
Microvast Holdings, Inc.(a) | 966,164 | 2,376,763 | ||||||
Plug Power, Inc.(a)(b) | 1,919,710 | 53,828,668 | ||||||
Proterra, Inc.(a)(b) | 1,339,171 | 8,088,593 | ||||||
Shoals Technologies Group, Inc., Class A(a)(b) | 399,436 | 10,533,127 | ||||||
Stem, Inc.(a)(b) | 967,571 | 15,210,215 | ||||||
Sunrun, Inc.(a) | 1,283,182 | 42,383,501 | ||||||
TPI Composites, Inc.(a) | 234,530 | 4,359,913 | ||||||
Total Industrials | 233,130,782 |
Security Description | Shares | Value | ||||||
Information Technology (16.82%) | ||||||||
Enphase Energy, Inc.(a) | 175,016 | $ | 50,131,583 | |||||
First Solar, Inc.(a) | 458,610 | 58,495,705 | ||||||
Itron, Inc.(a) | 293,413 | 13,960,591 | ||||||
SunPower Corp.(a)(b) | 556,255 | 13,350,120 | ||||||
Total Information Technology | 135,937,999 | |||||||
Materials (4.20%) | ||||||||
Livent Corp.(a)(b) | 1,053,935 | 33,915,628 | ||||||
Utilities (18.79%) | ||||||||
Boralex, Inc., Class A(b) | 669,124 | 25,219,201 | ||||||
Clearway Energy, Inc., Class C | 533,672 | 19,799,231 | ||||||
Innergex Renewable Energy, Inc.(b) | 1,007,126 | 15,221,724 | ||||||
Northland Power, Inc.(b) | 1,122,972 | 38,442,777 | ||||||
Ormat Technologies, Inc.(b) | 295,799 | 27,651,291 | ||||||
Sunnova Energy International, Inc.(a)(b) | 645,209 | 16,272,171 | ||||||
TransAlta Renewables, Inc.(b) | 699,856 | 9,261,429 | ||||||
Total Utilities | 151,867,824 | |||||||
TOTAL COMMON STOCKS | ||||||||
(Cost $722,349,467) | 719,469,044 |
Security Description | Shares | Value | ||||||
MASTER LIMITED PARTNERSHIPS (10.84%) | ||||||||
Energy (1.74%) | ||||||||
Enviva, Inc.(b) | 202,651 | 14,088,298 | ||||||
Utilities (9.10%) | ||||||||
Brookfield Renewable Partners LP | 959,843 | 35,723,247 | ||||||
NextEra Energy Partners LP | 460,210 | 37,778,638 | ||||||
Total Utilities | 73,501,885 | |||||||
TOTAL MASTER LIMITED PARTNERSHIPS | ||||||||
(Cost $76,389,021) | 87,590,183 |
7 Day Yield | Shares | Value | ||||||||||
SHORT TERM INVESTMENTS (18.98%) | ||||||||||||
Money Market Fund (0.06%) | ||||||||||||
State Street Institutional Treasury Plus Money Market Fund | ||||||||||||
(Cost $462,432) | 2.25% | 462,432 | $ | 462,432 | ||||||||
Investments Purchased with Collateral from Securities Loaned (18.92%) | ||||||||||||
State Street Navigator Securities Lending Government Money Market Portfolio, 2.34% | ||||||||||||
(Cost $152,948,636) | 152,948,636 | 152,948,636 | ||||||||||
TOTAL SHORT TERM INVESTMENTS | ||||||||||||
(Cost $153,411,068) | 153,411,068 | |||||||||||
TOTAL INVESTMENTS (118.84%) | ||||||||||||
(Cost $952,149,556) | $ | 960,470,295 | ||||||||||
LIABILITIES IN EXCESS OF OTHER ASSETS (-18.84%) | (152,244,817 | ) | ||||||||||
NET ASSETS - 100.00% | $ | 808,225,478 |
(a) | Non-income producing security. |
(b) | Security, or a portion of the security position is currently on loan. The total market value of securities on loan is $201,855,714. |
See Notes to Quarterly Schedule of Investments.
ALPS Disruptive Technologies ETF
Schedule of Investments
As of August 31, 2022 (Unaudited)
Security Description | Shares | Value | ||||||
COMMON STOCKS (98.81%) | ||||||||
Communication Services (1.21%) | ||||||||
Netflix, Inc.(a) | 6,803 | $ | 1,520,879 | |||||
Consumer Discretionary (4.57%) | ||||||||
ADT, Inc. | 181,101 | 1,320,226 | ||||||
Garmin, Ltd. | 12,846 | 1,136,743 | ||||||
iRobot Corp.(a) | 30,691 | 1,807,086 | ||||||
Tesla, Inc.(a) | 5,439 | 1,499,043 | ||||||
Total Consumer Discretionary | 5,763,098 | |||||||
Financials (4.30%) | ||||||||
American Express Co. | 8,128 | 1,235,456 | ||||||
Kaspi.KZ JSC, GDR(b) | 24,719 | 1,490,556 | ||||||
Moody's Corp. | 4,688 | 1,333,830 | ||||||
S&P Global, Inc. | 3,883 | 1,367,515 | ||||||
Total Financials | 5,427,357 | |||||||
Health Care (11.31%) | ||||||||
ABIOMED, Inc.(a) | 5,078 | 1,316,624 | ||||||
Align Technology, Inc.(a) | 4,992 | 1,216,550 | ||||||
Azenta, Inc. | 17,717 | 933,863 | ||||||
Boston Scientific Corp.(a) | 34,481 | 1,389,929 | ||||||
Cutera, Inc.(a)(c) | 29,546 | 1,410,822 | ||||||
Dexcom, Inc.(a) | 17,659 | 1,451,747 | ||||||
DiaSorin SpA | 10,272 | 1,351,783 | ||||||
Insulet Corp.(a) | 5,960 | 1,522,601 | ||||||
Intuitive Surgical, Inc.(a) | 6,237 | 1,283,200 | ||||||
ResMed, Inc. | 6,276 | 1,380,218 | ||||||
Smith & Nephew PLC, Sponsored ADR | 42,927 | 1,023,380 | ||||||
Total Health Care | 14,280,717 | |||||||
Industrials (14.92%) | ||||||||
ABB, Ltd., Sponsored ADR(c) | 43,742 | 1,205,967 | ||||||
AeroVironment, Inc.(a) | 14,403 | 1,276,826 | ||||||
Experian PLC | 41,850 | 1,275,224 | ||||||
FANUC Corp. | 8,017 | 1,300,436 | ||||||
Proto Labs, Inc.(a) | 26,813 | 1,029,619 | ||||||
RELX PLC, Sponsored ADR | 48,429 | 1,267,871 | ||||||
Schneider Electric SE | 9,622 | 1,148,564 | ||||||
Sensata Technologies Holding PLC | 27,415 | 1,104,276 | ||||||
Siemens Gamesa Renewable Energy SA(a) | 68,035 | 1,225,569 | ||||||
Thomson Reuters Corp. | 13,150 | 1,448,017 | ||||||
TransUnion | 15,838 | 1,169,953 | ||||||
Verisk Analytics, Inc. | 7,846 | 1,468,457 | ||||||
Vestas Wind Systems A/S | 50,749 | 1,278,334 | ||||||
Wolters Kluwer NV | 14,093 | 1,380,025 |
Security Description | Shares | Value | ||||||
Industrials (continued) | ||||||||
Xinjiang Goldwind Science & Technology Co., Ltd., Class H | 830,200 | $ | 1,241,804 | |||||
Total Industrials | 18,820,942 | |||||||
Information Technology (60.64%) | ||||||||
Adobe, Inc.(a) | 3,093 | 1,155,050 | ||||||
Adyen NV(a)(b)(d) | 861 | 1,336,836 | ||||||
Alarm.com Holdings, Inc.(a) | 21,018 | 1,399,799 | ||||||
Allegro MicroSystems, Inc.(a) | 55,242 | 1,288,243 | ||||||
ams-OSRAM AG(a) | 119,984 | 881,069 | ||||||
ANSYS, Inc.(a) | 5,211 | 1,293,891 | ||||||
Autodesk, Inc.(a) | 6,708 | 1,353,272 | ||||||
Avast PLC(c) | 216,041 | 1,774,387 | ||||||
Black Knight, Inc.(a) | 19,494 | 1,289,723 | ||||||
Block, Inc., Class A(a) | 17,065 | 1,175,949 | ||||||
Cerence, Inc.(a)(c) | 44,441 | 889,264 | ||||||
Check Point Software Technologies, Ltd.(a) | 10,420 | 1,252,901 | ||||||
Cognex Corp. | 28,651 | 1,206,494 | ||||||
Crowdstrike Holdings, Inc., Class A(a) | 7,558 | 1,380,166 | ||||||
Dassault Systemes SE | 32,526 | 1,260,906 | ||||||
Datadog, Inc., Class A(a) | 12,647 | 1,327,303 | ||||||
Dynatrace, Inc.(a) | 30,944 | 1,181,442 | ||||||
FARO Technologies, Inc.(a) | 41,860 | 1,404,403 | ||||||
Fidelity National Information Services, Inc. | 13,120 | 1,198,774 | ||||||
First Solar, Inc.(a) | 18,786 | 2,396,154 | ||||||
Fiserv, Inc.(a) | 13,651 | 1,381,345 | ||||||
FleetCor Technologies, Inc.(a) | 5,423 | 1,152,550 | ||||||
Fortinet, Inc.(a) | 21,600 | 1,051,704 | ||||||
Global Payments, Inc. | 10,722 | 1,331,994 | ||||||
GMO Payment Gateway, Inc. | 16,600 | 1,340,666 | ||||||
Intuit, Inc. | 3,263 | 1,408,899 | ||||||
Itron, Inc.(a) | 26,166 | 1,244,978 | ||||||
Keyence Corp. | 3,405 | 1,295,088 | ||||||
Mastercard, Inc., Class A | 3,749 | 1,216,063 | ||||||
Materialise NV, ADR(a)(c) | 93,833 | 1,096,908 | ||||||
Nemetschek SE | 18,854 | 1,116,002 | ||||||
NortonLifeLock, Inc. | 53,923 | 1,218,121 | ||||||
Okta, Inc.(a) | 13,784 | 1,259,858 | ||||||
Omron Corp. | 22,700 | 1,207,508 | ||||||
Pagseguro Digital, Ltd., Class A(a) | 99,929 | 1,552,897 | ||||||
Palo Alto Networks, Inc.(a) | 2,537 | 1,412,627 | ||||||
PayPal Holdings, Inc.(a) | 15,592 | 1,456,916 | ||||||
PTC, Inc.(a) | 11,595 | 1,332,150 | ||||||
Qorvo, Inc.(a) | 12,451 | 1,117,851 | ||||||
Renishaw PLC | 25,004 | 1,073,579 | ||||||
Salesforce, Inc.(a) | 6,978 | 1,089,405 | ||||||
SAP SE, Sponsored ADR | 13,526 | 1,152,686 | ||||||
ServiceNow, Inc.(a) | 2,656 | 1,154,351 | ||||||
Silicon Laboratories, Inc.(a) | 9,135 | 1,144,890 | ||||||
Skyworks Solutions, Inc. | 12,660 | 1,247,642 | ||||||
Snowflake, Inc., Class A(a) | 9,872 | 1,786,339 | ||||||
SolarEdge Technologies, Inc.(a) | 4,508 | 1,244,073 | ||||||
Splunk, Inc.(a) | 12,759 | 1,148,693 |
Security Description | Shares | Value | ||||||
Information Technology (continued) | ||||||||
SS&C Technologies Holdings, Inc. | 21,044 | $ | 1,173,413 | |||||
StoneCo, Ltd., Class A(a) | 129,428 | 1,226,977 | ||||||
Stratasys, Ltd.(a) | 70,927 | 1,224,200 | ||||||
Temenos AG | 15,043 | 1,233,910 | ||||||
Trend Micro, Inc. | 24,165 | 1,499,387 | ||||||
Visa, Inc., Class A | 6,356 | 1,263,001 | ||||||
VMware, Inc., Class A | 10,297 | 1,194,761 | ||||||
Workday, Inc., Class A(a) | 8,523 | 1,402,545 | ||||||
Xero, Ltd.(a) | 23,037 | 1,383,213 | ||||||
Xinyi Solar Holdings, Ltd. | 718,000 | 991,644 | ||||||
Zoom Video Communications, Inc., Class A(a) | 11,856 | 953,222 | ||||||
Zscaler, Inc.(a) | 8,166 | 1,300,354 | ||||||
Total Information Technology | 76,528,436 | |||||||
Real Estate (1.03%) | ||||||||
Equinix, Inc. | 1,981 | 1,302,250 | ||||||
Utilities (0.83%) | ||||||||
China Longyuan Power Group Corp., Ltd., Class H | 648,000 | 1,050,182 | ||||||
TOTAL COMMON STOCKS | ||||||||
(Cost $149,825,024) | 124,693,861 |
Security Description | Shares | Value | ||||||
MASTER LIMITED PARTNERSHIPS (1.05%) | ||||||||
Utilities (1.05%) | ||||||||
Brookfield Renewable Partners LP | 35,633 | 1,326,182 | ||||||
TOTAL MASTER LIMITED PARTNERSHIPS | ||||||||
(Cost $1,058,754) | 1,326,182 |
7 Day Yield | Shares | Value | ||||||||||
SHORT TERM INVESTMENTS (2.36%) | ||||||||||||
Money Market Fund (0.07%) | ||||||||||||
State Street Institutional Treasury Plus Money Market Fund | ||||||||||||
(Cost $94,606) | 2.25% | 94,606 | $ | 94,606 | ||||||||
Investments Purchased with Collateral from Securities Loaned (2.29%) | ||||||||||||
State Street Navigator Securities Lending Government Money Market Portfolio, 2.34% | ||||||||||||
(Cost $2,887,959) | 2,887,959 | 2,887,959 | ||||||||||
TOTAL SHORT TERM INVESTMENTS | ||||||||||||
(Cost $2,982,565) | 2,982,565 | |||||||||||
TOTAL INVESTMENTS (102.22%) | ||||||||||||
(Cost $153,866,343) | $ | 129,002,608 | ||||||||||
LIABILITIES IN EXCESS OF OTHER ASSETS (-2.22%) | (2,805,202 | ) | ||||||||||
NET ASSETS - 100.00% | $ | 126,197,406 |
(a) | Non-income producing security. |
(b) | Securities were purchased pursuant to Regulation S under the Securities Act of 1933, which exempts securities offered and sold outside of the United States from registration. Such securities cannot be sold in the United States without either an effective registration statement filed pursuant to the Securities Act of 1933, or pursuant to an exemption from registration. As of August 31, 2022, the market value of those securities was $2,827,392 representing 2.24% of net assets. |
(c) | Security, or a portion of the security position is currently on loan. The total market value of securities on loan is $3,355,200. |
(d) | Securities exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be sold in the ordinary course of business in transactions exempt from registration, normally to qualified institutional buyers. At period end, the aggregate market value of those securities was $1,336,836, representing 1.06% of net assets. |
See Notes to Quarterly Schedule of Investments.
ALPS Emerging Sector Dividend Dogs ETF
Schedule of Investments
As of August 31, 2022 (Unaudited)
Security Description | Shares | Value | ||||||
COMMON STOCKS (98.84%) | ||||||||
Brazil (10.28%) | ||||||||
Centrais Eletricas Brasileiras SA, ADR(a) | 76,366 | $ | 682,712 | |||||
Engie Brasil Energia SA | 76,600 | 596,321 | ||||||
JBS SA | 90,029 | 512,063 | ||||||
Petroleo Brasileiro SA | 95,221 | 680,333 | ||||||
Vibra Energia SA | 179,921 | 634,967 | ||||||
Total Brazil | 3,106,396 | |||||||
Chile (10.50%) | ||||||||
Banco Santander Chile | 13,522,824 | 543,176 | ||||||
Cencosud SA | 394,125 | 551,005 | ||||||
Empresas CMPC SA | 364,614 | 691,597 | ||||||
Empresas COPEC SA | 78,290 | 675,325 | ||||||
Enel Chile SA, ADR(a) | 430,055 | 709,591 | ||||||
Total Chile | 3,170,694 | |||||||
China (9.87%) | ||||||||
China Railway Signal & Communication Corp., Ltd., Class H(b)(c) | 1,760,000 | 553,875 | ||||||
China Shenhua Energy Co., Ltd., Class H | 181,000 | 569,610 | ||||||
Huadian Power International Corp., Ltd., Class H(a) | 1,798,000 | 739,937 | ||||||
Legend Holdings Corp., Class H(b)(c) | 525,500 | 598,567 | ||||||
Zoomlion Heavy Industry Science and Technology Co., Ltd., Class H | 1,151,600 | 520,873 | ||||||
Total China | 2,982,862 | |||||||
Czech Republic (1.65%) | ||||||||
CEZ AS | 12,346 | 499,645 | ||||||
Hungary (2.33%) | ||||||||
Richter Gedeon Nyrt | 34,902 | 704,560 | ||||||
India (3.91%) | ||||||||
Infosys, Ltd., Sponsored ADR(a) | 34,298 | 627,653 | ||||||
Wipro, Ltd., ADR | 110,197 | 552,087 | ||||||
Total India | 1,179,740 | |||||||
Indonesia (3.68%) | ||||||||
Gudang Garam Tbk PT | 296,300 | 473,621 | ||||||
Kalbe Farma Tbk PT | 5,624,500 | 636,629 | ||||||
Total Indonesia | 1,110,250 | |||||||
Luxembourg (1.61%) | ||||||||
Ternium SA, Sponsored ADR(a) | 15,761 | 485,597 |
Security Description | Shares | Value | ||||||
Malaysia (8.61%) | ||||||||
Hartalega Holdings Bhd | 768,100 | $ | 284,895 | |||||
Malayan Banking Bhd | 316,000 | 633,341 | ||||||
RHB Bank Bhd | 468,700 | 601,126 | ||||||
Sime Darby Bhd | 1,256,900 | 643,124 | ||||||
Top Glove Corp. Bhd | 2,447,100 | 440,155 | ||||||
Total Malaysia | 2,602,641 | |||||||
Mexico (7.46%) | ||||||||
El Puerto de Liverpool SAB de CV(d) | 124,490 | 555,143 | ||||||
Grupo Aeroportuario del Sureste SAB de CV, ADR | 3,028 | 640,331 | ||||||
Kimberly-Clark de Mexico SAB de CV, Class A | 435,200 | 589,512 | ||||||
Orbia Advance Corp. SAB de CV | 248,947 | 469,807 | ||||||
Total Mexico | 2,254,793 | |||||||
Philippines (3.53%) | ||||||||
Globe Telecom, Inc. | 14,050 | 524,920 | ||||||
PLDT, Inc. | 18,135 | 542,226 | ||||||
Total Philippines | 1,067,146 | |||||||
Poland (3.52%) | ||||||||
LPP SA | 278 | 502,175 | ||||||
Powszechny Zaklad Ubezpieczen SA | 93,724 | 561,546 | ||||||
Total Poland | 1,063,721 | |||||||
Russia (0.01%) | ||||||||
Magnit PJSC, GDR(c)(e) | 32,174 | 321 | ||||||
Mobile TeleSystems PJSC, Sponsored ADR(e) | 64,600 | 646 | ||||||
Novolipetsk Steel PJSC, GDR(c)(e) | 17,594 | 176 | ||||||
Severstal PAO, GDR(c)(e) | 23,283 | 233 | ||||||
X5 Retail Group NV, GDR(c)(e) | 17,785 | 178 | ||||||
Total Russia | 1,554 | |||||||
South Africa (9.49%) | ||||||||
African Rainbow Minerals, Ltd. | 42,710 | 589,157 | ||||||
Exxaro Resources, Ltd. | 49,387 | 629,478 | ||||||
Mr Price Group, Ltd. | 53,401 | 580,564 | ||||||
MultiChoice Group | 77,900 | 525,784 | ||||||
Vodacom Group, Ltd. | 73,418 | 540,709 | ||||||
Total South Africa | 2,865,692 | |||||||
Thailand (11.54%) | ||||||||
Bangkok Dusit Medical Services PCL | 880,300 | 706,171 | ||||||
BTS Group Holdings PCL | 2,568,500 | 591,715 | ||||||
Delta Electronics Thailand PCL | 68,900 | 990,157 | ||||||
PTT PCL | 582,200 | 598,766 | ||||||
TMBThanachart Bank PCL | 17,191,100 | 598,771 | ||||||
Total Thailand | 3,485,580 |
Security Description | Shares | Value | ||||||
Turkey (10.85%) | ||||||||
BIM Birlesik Magazalar AS | 132,182 | $ | 794,905 | |||||
Enka Insaat ve Sanayi AS | 601,399 | 611,259 | ||||||
Eregli Demir ve Celik Fabrikalari TAS | 323,984 | 512,554 | ||||||
Ford Otomotiv Sanayi AS | 36,224 | 660,890 | ||||||
Turkcell Iletisim Hizmetleri AS, ADR | 235,214 | 698,586 | ||||||
Total Turkey | 3,278,194 | |||||||
TOTAL COMMON STOCKS | ||||||||
(Cost $33,730,364) | 29,859,065 |
7 Day Yield | Shares | Value | ||||||||||
SHORT TERM INVESTMENTS (8.16%) | ||||||||||||
Money Market Fund (0.47%) | ||||||||||||
State Street Institutional Treasury Plus Money Market Fund | ||||||||||||
(Cost $142,789) | 2.25% | 142,789 | 142,789 | |||||||||
Investments Purchased with Collateral from Securities Loaned (7.69%) | ||||||||||||
State Street Navigator Securities Lending Government Money Market Portfolio, 2.34% | ||||||||||||
(Cost $2,322,810) | 2,322,810 | 2,322,810 | ||||||||||
TOTAL SHORT TERM INVESTMENTS | ||||||||||||
(Cost $2,465,599) | �� | 2,465,599 | ||||||||||
TOTAL INVESTMENTS (107.00%) | ||||||||||||
(Cost $36,195,963) | $ | 32,324,664 | ||||||||||
LIABILITIES IN EXCESS OF OTHER ASSETS (-7.00%) | (2,113,541 | ) | ||||||||||
NET ASSETS - 100.00% | $ | 30,211,123 |
(a) | Security, or a portion of the security position is currently on loan. The total market value of securities on loan is $2,199,062. |
(b) | Securities exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be sold in the ordinary course of business in transactions exempt from registration, normally to qualified institutional buyers. At period end, the aggregate market value of those securities was $1,152,442, representing 3.81% of net assets. |
(c) | Securities were purchased pursuant to Regulation S under the Securities Act of 1933, which exempts securities offered and sold outside of the United States from registration. Such securities cannot be sold in the United States without either an effective registration statement filed pursuant to the Securities Act of 1933, or pursuant to an exemption from registration. As of August 31, 2022, the market value of those securities was $1,153,350 representing 3.82% of net assets. |
(d) | Non-income producing security. |
(e) | As a result of the use of significant unobservable inputs to determine fair value, these investments have been classified as Level 3 securities under the fair value hierarchy. |
See Notes to Quarterly Schedule of Investments.
a
ALPS Equal Sector Weight ETF
Schedule of Investments
As of August 31, 2022 (Unaudited)
Security Description | Shares | Value | ||||||
EXCHANGE TRADED FUNDS (100.01%) | ||||||||
Communication Services (8.55%) | ||||||||
Communication Services Select Sector SPDR Fund | 469,590 | $ | 25,536,304 | |||||
Consumer Discretionary (9.67%) | ||||||||
Consumer Discretionary Select Sector SPDR Fund(a) | 185,759 | 28,887,382 | ||||||
Consumer Staples (8.99%) | ||||||||
Consumer Staples Select Sector SPDR Fund(a) | 367,320 | 26,854,765 | ||||||
Energy (9.27%) | ||||||||
Energy Select Sector SPDR Fund | 344,115 | 27,701,258 | ||||||
Financials (9.04%) | ||||||||
Financial Select Sector SPDR Fund | 817,492 | 27,018,111 | ||||||
Healthcare (8.81%) | ||||||||
Health Care Select Sector SPDR Fund | 210,893 | 26,311,011 | ||||||
Industrials (9.20%) | ||||||||
Industrial Select Sector SPDR Fund(a) | 295,563 | 27,466,670 | ||||||
Materials (8.52%) | ||||||||
Materials Select Sector SPDR Fund(a) | 337,464 | 25,448,160 | ||||||
Real Estate (9.07%) | ||||||||
Real Estate Select Sector SPDR Fund(a) | 647,173 | 27,084,190 | ||||||
Technology (9.19%) | ||||||||
Technology Select Sector SPDR Fund | 202,904 | 27,444,795 | ||||||
Utilities (9.70%) | ||||||||
Utilities Select Sector SPDR Fund(a) | 389,763 | 28,974,981 | ||||||
TOTAL EXCHANGE TRADED FUNDS | ||||||||
(Cost $247,632,780) | 298,727,627 |
Shares | Value | |||||||
SHORT TERM INVESTMENTS (7.02%) | ||||||||
Investments Purchased with Collateral from Securities Loaned (7.02%) | ||||||||
State Street Navigator Securities Lending Government Money Market Portfolio, 2.34% | ||||||||
(Cost $20,958,182) | 20,958,182 | $ | 20,958,182 | |||||
TOTAL SHORT TERM INVESTMENTS | ||||||||
(Cost $20,958,182) | 20,958,182 | |||||||
TOTAL INVESTMENTS (107.03%) | ||||||||
(Cost $268,590,962) | $ | 319,685,809 | ||||||
LIABILITIES IN EXCESS OF OTHER ASSETS (-7.03%) | (20,996,494 | ) | ||||||
NET ASSETS - 100.00% | $ | 298,689,315 |
(a) | Security, or a portion of the security position is currently on loan. The total market value of securities on loan is $77,888,790. |
Common Abbreviations:
SPDR® - Standard & Poor's Depositary Receipts
See Notes to Quarterly Schedule of Investments.
ALPS Global Travel Beneficiaries ETF
Schedule of Investments
As of August 31, 2022 (Unaudited)
Security Description | Shares | Value | ||||||
COMMON STOCKS (99.97%) | ||||||||
Communication Services (5.30%) | ||||||||
TripAdvisor, Inc.(a) | 1,282 | $ | 30,512 | |||||
Walt Disney Co.(a) | 5,191 | 581,807 | ||||||
Total Communication Services | 612,319 | |||||||
Consumer Discretionary (40.77%) | ||||||||
Airbnb, Inc., Class A(a) | 4,632 | 523,971 | ||||||
Booking Holdings, Inc.(a) | 234 | 438,940 | ||||||
Boyd Gaming Corp. | 995 | 54,158 | ||||||
Caesars Entertainment, Inc.(a) | 2,180 | 94,002 | ||||||
Choice Hotels International, Inc. | 486 | 55,749 | ||||||
Dufry AG(a) | 803 | 30,116 | ||||||
Expedia Group, Inc.(a) | 1,465 | 150,382 | ||||||
Galaxy Entertainment Group, Ltd. | 24,000 | 134,850 | ||||||
Hilton Grand Vacations, Inc.(a) | 1,328 | 54,156 | ||||||
Hilton Worldwide Holdings, Inc. | 3,949 | 502,944 | ||||||
Hyatt Hotels Corp., Class A(a) | 330 | 29,575 | ||||||
Intercontinental Hotels Group(a) | 1,318 | 71,825 | ||||||
Las Vegas Sands Corp.(a) | 3,151 | 118,572 | ||||||
LVMH Moet Hennessy Louis Vuitton SE | 858 | 558,308 | ||||||
Marriott International, Inc., Class A | 3,196 | 491,353 | ||||||
Marriott Vacations Worldwide Corp. | 527 | 75,055 | ||||||
MGM Resorts International | 4,086 | 133,367 | ||||||
Moncler SpA | 1,676 | 75,187 | ||||||
Oriental Land Co., Ltd. | 1,660 | 249,134 | ||||||
Penn Entertainment, Inc.(a) | 1,972 | 61,586 | ||||||
Samsonite International SA(a)(b)(c) | 22,200 | 54,420 | ||||||
Sonder Holdings, Inc.(a)(d) | 16,740 | 31,136 | ||||||
Thule Group AB(b)(c) | 946 | 23,189 | ||||||
Tongcheng Travel Holdings, Ltd.(a)(c) | 19,200 | 39,581 | ||||||
Trainline PLC(a)(b)(c) | 7,755 | 31,144 | ||||||
Trip.com Group, Ltd., ADR | 13,814 | 355,296 | ||||||
TUI AG(a) | 13,236 | 20,331 | ||||||
Vacasa, Inc.(a) | 9,065 | 36,260 | ||||||
Vail Resorts, Inc. | 532 | 119,530 | ||||||
WH Smith PLC(a) | 1,526 | 25,341 |
Security Description | Shares | Value | ||||||
Consumer Discretionary (continued) | ||||||||
Wyndham Hotels & Resorts, Inc. | 1,143 | $ | 74,684 | |||||
Total Consumer Discretionary | 4,714,142 | |||||||
Consumer Staples (11.44%) | ||||||||
L'Oreal SA | 1,562 | 538,813 | ||||||
Premium Brands Holdings Corp. | 391 | 29,054 | ||||||
Shiseido Co., Ltd. | 5,970 | 227,541 | ||||||
The Estee Lauder Company, Inc., Class A | 2,074 | 527,584 | ||||||
Total Consumer Staples | 1,322,992 | |||||||
Financials (4.39%) | ||||||||
American Express Co. | 3,337 | 507,224 | ||||||
Industrials (32.00%) | ||||||||
Aena SME SA(a)(b)(c) | 592 | 72,790 | ||||||
Air Canada(a)(d) | 1,795 | 24,178 | ||||||
Air China, Ltd., Class H(a)(d) | 81,000 | 65,120 | ||||||
Airports of Thailand PCL(a) | 31,600 | 63,048 | ||||||
Alaska Air Group, Inc.(a) | 1,415 | 61,637 | ||||||
American Airlines Group, Inc.(a) | 5,379 | 69,873 | ||||||
ANA Holdings, Inc.(a) | 6,000 | 116,070 | ||||||
Auckland International Airport, Ltd.(a) | 17,365 | 80,323 | ||||||
Avis Budget Group, Inc.(a) | 168 | 28,120 | ||||||
Boeing Co.(a) | 4,007 | 642,122 | ||||||
China Airlines, Ltd. | 86,000 | 64,421 | ||||||
Cintas Corp. | 1,100 | 447,524 | ||||||
Dassault Aviation SA | 176 | 24,231 | ||||||
Delta Air Lines, Inc.(a) | 6,250 | 194,188 | ||||||
Deutsche Lufthansa AG(a) | 4,386 | 26,160 | ||||||
Elis SA | 1,978 | 25,384 | ||||||
Eva Airways Corp. | 68,000 | 75,400 | ||||||
Flight Centre Travel Group, Ltd.(a)(d) | 2,165 | 26,517 | ||||||
Grab Holdings, Ltd.(a) | 18,505 | 52,739 | ||||||
Grupo Aeroportuario del Pacifico SAB de CV, ADR | 1,040 | 148,273 | ||||||
Grupo Aeroportuario del Sureste SAB de CV, Class B | 4,855 | 102,831 | ||||||
Hertz Global Holdings, Inc.(a) | 1,691 | 31,216 | ||||||
Japan Airlines Co., Ltd.(a) | 5,100 | 94,493 | ||||||
Korean Air Lines Co., Ltd.(a) | 5,213 | 104,646 | ||||||
Localiza Rent a Car SA | 5,907 | 69,057 | ||||||
Lyft, Inc., Class A(a) | 1,748 | 25,748 | ||||||
Qantas Airways, Ltd.(a) | 28,025 | 102,017 | ||||||
Ryanair Holdings PLC, ADR(a) | 2,219 | 56,776 | ||||||
Sixt SE | 219 | 21,447 | ||||||
Southwest Airlines Co.(a) | 6,883 | 252,607 |
Security Description | Shares | Value | ||||||
Industrials (continued) | ||||||||
Swvl Holdings Corp.(a)(d) | 6,385 | $ | 10,024 | |||||
Textron, Inc. | 2,398 | 149,587 | ||||||
Uber Technologies, Inc.(a) | 9,213 | 264,967 | ||||||
United Airlines Holdings, Inc.(a) | 3,048 | 106,710 | ||||||
Total Industrials | 3,700,244 | |||||||
Information Technology (3.40%) | ||||||||
Amadeus IT Holding SA, Class A(a) | 5,247 | 277,465 | ||||||
Clear Secure, Inc.(a)(d) | 1,175 | 26,955 | ||||||
Euronet Worldwide, Inc.(a) | 665 | 58,959 | ||||||
Sabre Corp.(a) | 4,070 | 29,263 | ||||||
Total Information Technology | 392,642 | |||||||
Real Estate (2.67%) | ||||||||
Gaming and Leisure Properties, Inc. | 3,659 | 176,620 | ||||||
Host Hotels & Resorts, Inc. | 7,439 | 132,191 | ||||||
Total Real Estate | 308,811 | |||||||
TOTAL COMMON STOCKS | ||||||||
(Cost $12,564,782) | 11,558,374 |
7 Day Yield | Shares | Value | ||||||||||
SHORT TERM INVESTMENTS (1.35%) | ||||||||||||
Money Market Fund (0.08%) | ||||||||||||
State Street Institutional Treasury Plus Money Market Fund | ||||||||||||
(Cost $9,798) | 2.25% | 9,798 | 9,798 | |||||||||
Investments Purchased with Collateral from Securities Loaned (1.27%) | ||||||||||||
State Street Navigator Securities Lending Government Money Market Portfolio, 2.34% | ||||||||||||
(Cost $146,350) | 146,350 | 146,350 | ||||||||||
TOTAL SHORT TERM INVESTMENTS | ||||||||||||
(Cost $156,148) | 156,148 | |||||||||||
TOTAL INVESTMENTS (101.32%) | ||||||||||||
(Cost $12,720,930) | $ | 11,714,522 | ||||||||||
LIABILITIES IN EXCESS OF OTHER ASSETS (-1.32%) | (152,369 | ) | ||||||||||
NET ASSETS - 100.00% | $ | 11,562,153 |
(a) | Non-income producing security. |
(b) | Securities exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be sold in the ordinary course of business in transactions exempt from registration, normally to qualified institutional buyers. At period end, the aggregate market value of those securities was $181,543, representing 1.57% of net assets. |
(c) | Securities were purchased pursuant to Regulation S under the Securities Act of 1933, which exempts securities offered and sold outside of the United States from registration. Such securities cannot be sold in the United States without either an effective registration statement filed pursuant to the Securities Act of 1933, or pursuant to an exemption from registration. As of August 31, 2022, the market value of those securities was $221,124 representing 1.91% of net assets. |
(d) | Security, or a portion of the security position is currently on loan. The total market value of securities on loan is $137,818. |
See Notes to Quarterly Schedule of Investments.
ALPS Hillman Active Value ETF
Schedule of Investments
As of August 31, 2022 (Unaudited)
Security Description | Shares | Value | ||||||
COMMON STOCKS (96.33%) | ||||||||
Communication Services (12.73%) | ||||||||
Alphabet, Inc., Class A(a) | 1,586 | $ | 171,637 | |||||
AT&T, Inc. | 9,750 | 171,015 | ||||||
Comcast Corp., Class A | 4,634 | 167,705 | ||||||
Meta Platforms, Inc., Class A(a) | 822 | 133,928 | ||||||
Verizon Communications, Inc. | 3,433 | 143,534 | ||||||
Warner Bros Discovery, Inc.(a) | 12,529 | 165,884 | ||||||
Total Communication Services | 953,703 | |||||||
Consumer Discretionary (6.81%) | ||||||||
Amazon.com, Inc.(a) | 1,634 | 207,142 | ||||||
CarMax, Inc.(a) | 2,054 | 181,656 | ||||||
Nordstrom, Inc. | 7,111 | 121,669 | ||||||
Total Consumer Discretionary | 510,467 | |||||||
Consumer Staples (11.84%) | ||||||||
Anheuser-Busch InBev SA, ADR(b) | 2,783 | 134,586 | ||||||
Conagra Brands, Inc. | 5,701 | 196,000 | ||||||
Constellation Brands, Inc., Class A | 855 | 210,373 | ||||||
Kellogg Co. | 2,209 | 160,683 | ||||||
Kraft Heinz Co. | 4,958 | 185,429 | ||||||
Total Consumer Staples | 887,071 | |||||||
Financials (10.75%) | ||||||||
Bank of New York Mellon Corp. | 3,919 | 162,756 | ||||||
BlackRock, Inc. | 253 | 168,596 | ||||||
T Rowe Price Group, Inc. | 1,257 | 150,840 | ||||||
Wells Fargo & Co. | 4,298 | 187,866 | ||||||
Western Union Co. | 9,130 | 135,307 | ||||||
Total Financials | 805,365 | |||||||
Health Care (14.46%) | ||||||||
Becton Dickinson and Co. | 785 | 198,149 | ||||||
Biogen, Inc.(a) | 782 | 152,787 | ||||||
CVS Health Corp. | 1,735 | 170,290 | ||||||
GSK PLC, ADR | 4,030 | 130,894 | ||||||
Medtronic PLC | 1,515 | 133,199 | ||||||
Merck & Co., Inc. | 1,829 | 156,124 | ||||||
Zimmer Biomet Holdings, Inc. | 1,333 | 141,725 | ||||||
Total Health Care | 1,083,168 | |||||||
Industrials (11.83%) | ||||||||
3M Co. | 954 | 118,630 | ||||||
Boeing Co.(a) | 1,307 | 209,446 | ||||||
Emerson Electric Co. | 1,974 | 161,355 | ||||||
General Electric Co. | 2,615 | 192,046 | ||||||
Raytheon Technologies Corp. | 2,278 | 204,451 | ||||||
Total Industrials | 885,928 | |||||||
Information Technology (17.04%) | ||||||||
Adobe, Inc.(a) | 381 | 142,281 |
Security Description | Shares | Value | ||||||
Information Technology (continued) | ||||||||
ASML Holding NV | 282 | $ | 138,163 | |||||
Equifax, Inc. | 864 | 163,080 | ||||||
Intel Corp. | 5,065 | 161,675 | ||||||
Lam Research Corp. | 396 | 173,412 | ||||||
Microsoft Corp. | 687 | 179,629 | ||||||
Salesforce, Inc.(a) | 1,067 | 166,580 | ||||||
ServiceNow, Inc.(a) | 347 | 150,813 | ||||||
Total Information Technology | 1,275,633 | |||||||
Materials (6.56%) | ||||||||
Air Products and Chemicals, Inc. | 743 | 187,571 | ||||||
Compass Minerals International, Inc. | 4,167 | 168,722 | ||||||
DuPont de Nemours, Inc. | 2,432 | 135,316 | ||||||
Total Materials | 491,609 | |||||||
Real Estate (2.06%) | ||||||||
Simon Property Group, Inc. | 1,515 | 154,500 | ||||||
Technology (2.25%) | ||||||||
Taiwan Semiconductor Manufacturing Co., Ltd., ADR | 2,020 | 168,367 | ||||||
TOTAL COMMON STOCKS | ||||||||
(Cost $8,498,570) | 7,215,811 |
Security Description | Shares | Value | ||||||
MASTER LIMITED PARTNERSHIPS (2.81%) | ||||||||
Energy (2.81%) | ||||||||
Enterprise Products Partners LP | 7,994 | 210,402 | ||||||
TOTAL MASTER LIMITED PARTNERSHIPS | ||||||||
(Cost $197,994) | 210,402 |
7 Day Yield | Shares | Value | ||||||||||
SHORT TERM INVESTMENTS (4.69%) | ||||||||||||
Money Market Fund (3.56%) | ||||||||||||
State Street Institutional Treasury Plus Money Market Fund | ||||||||||||
(Cost $266,662) | 2.25% | 266,662 | $ | 266,662 | ||||||||
Investments Purchased with Collateral from Securities Loaned (1.13%) | ||||||||||||
State Street Navigator Securities Lending Government Money Market Portfolio, 2.34% | ||||||||||||
(Cost $84,739) | 84,739 | 84,739 | ||||||||||
TOTAL SHORT TERM INVESTMENTS | ||||||||||||
(Cost $351,401) | 351,401 | |||||||||||
TOTAL INVESTMENTS (103.83%) | ||||||||||||
(Cost $9,047,965) | $ | 7,777,614 | ||||||||||
LIABILITIES IN EXCESS OF OTHER ASSETS (-3.83%) | (286,719 | ) | ||||||||||
NET ASSETS - 100.00% | $ | 7,490,895 |
(a) | Non-income producing security. |
(b) | Security, or a portion of the security position is currently on loan. The total market value of securities on loan is $81,148. |
See Notes to Quarterly Schedule of Investments.
ALPS Intermediate Municipal Bond ETF
Schedule of Investments
As of August 31, 2022 (Unaudited)
Security Description | Principal Amount | Value | ||||||
MUNICIPAL BONDS (99.60%) | ||||||||
General Obligation Bonds (17.46%) | ||||||||
California (6.21%) | ||||||||
Chino Valley Unified School District | ||||||||
0.00%, 08/01/2035(a) | $ | 95,000 | $ | 56,708 | ||||
Long Beach Community College District | ||||||||
0.00%, 06/01/2030(a) | 1,000,000 | 787,310 | ||||||
Oak Grove School District | ||||||||
0.00%, 08/01/2031(a) | 200,000 | 144,597 | ||||||
Rowland Unified School District | ||||||||
0.00%, 08/01/2033(a) | 1,000,000 | 608,475 | ||||||
San Diego Unified School District | ||||||||
0.00%, 07/01/2034(a) | 100,000 | 63,355 | ||||||
San Mateo County Community College District | ||||||||
0.00%, 09/01/2035(a) | 110,000 | 69,567 | ||||||
San Mateo Union High School District | ||||||||
0.00%, 09/01/2041 | �� | 220,000 | 204,923 | |||||
Total California | 1,934,935 | |||||||
Connecticut (1.94%) | ||||||||
State of Connecticut | ||||||||
5.00%, 04/15/2029 | 530,000 | 604,735 | ||||||
Total Connecticut | 604,735 | |||||||
New York (0.80%) | ||||||||
City of New York NY | ||||||||
4.00%, 08/01/2037 | 250,000 | 249,699 | ||||||
Total New York | 249,699 | |||||||
Oregon (3.37%) | ||||||||
Deschutes & Jefferson Counties School District No 2J Redmond | ||||||||
0.00%, 06/15/2028(a) | 1,250,000 | 1,052,525 | ||||||
Total Oregon | 1,052,525 | |||||||
Pennsylvania (1.70%) | ||||||||
School District of Philadelphia | ||||||||
5.00%, 09/01/2034 | 500,000 | 528,790 | ||||||
Total Pennsylvania | 528,790 | |||||||
Texas (2.48%) | ||||||||
Belton Independent School District | ||||||||
4.00%, 02/15/2038 | 250,000 | 251,251 |
Security Description | Principal Amount | Value | ||||||
General Obligation Bonds (continued) | ||||||||
Northside Independent School District | ||||||||
0.70%, 06/01/2050(b) | $ | 200,000 | $ | 188,641 | ||||
2.00%, 06/01/2052(b) | 345,000 | 329,049 | ||||||
Total Texas | 768,941 | |||||||
Washington (0.96%) | ||||||||
County of King WA | ||||||||
1.05%, 01/01/2046(b) | 300,000 | 300,000 | ||||||
Total Washington | 300,000 | |||||||
Total General Obligation Bonds | 5,439,625 | |||||||
Revenue Bonds (82.14%) | ||||||||
Arizona (2.32%) | ||||||||
Salt Verde Financial Corp. | ||||||||
5.00%, 12/01/2032 | 675,000 | 722,142 | ||||||
Total Arizona | 722,142 | |||||||
California (3.90%) | ||||||||
Anaheim Public Financing Authority | ||||||||
0.00%, 09/01/2030(a) | 250,000 | 192,891 | ||||||
Long Beach Bond Finance Authority | ||||||||
3M US L + 1.45%, 11/15/2027(b) | 430,000 | 411,587 | ||||||
Northern California Gas Authority No 1 | ||||||||
3M US L + 0.72%, 07/01/2027(b) | 275,000 | 267,675 | ||||||
University of California | ||||||||
5.00%, 05/15/2031(c) | 300,000 | 341,532 | ||||||
Total California | 1,213,685 | |||||||
Colorado (3.65%) | ||||||||
Colorado Health Facilities Authority | ||||||||
4.00%, 01/01/2038 | 200,000 | 197,471 | ||||||
E-470 Public Highway Authority | ||||||||
0.00%, 09/01/2024(a) | 1,000,000 | 940,285 | ||||||
Total Colorado | 1,137,756 | |||||||
Connecticut (4.57%) | ||||||||
Connecticut Housing Finance Authority | ||||||||
4.00%, 11/15/2047 | 465,000 | 468,229 | ||||||
Connecticut State Health & Educational Facilities Authority | ||||||||
0.25%, 07/01/2037(b) | 1,000,000 | 956,475 | ||||||
Total Connecticut | 1,424,704 |
Security Description | Principal Amount | Value | ||||||
Revenue Bonds (continued) | ||||||||
Florida (0.70%) | ||||||||
County of Broward FL Airport System Revenue | ||||||||
5.00%, 10/01/2031 | $ | 200,000 | $ | 217,048 | ||||
Total Florida | 217,048 | |||||||
Georgia (4.43%) | ||||||||
Development Authority of Burke County | ||||||||
1.50%, 01/01/2040(b) | 255,000 | 243,201 | ||||||
1.70%, 12/01/2049(b) | 650,000 | 627,220 | ||||||
Main Street Natural Gas, Inc. | ||||||||
4.00%, 08/01/2049(b) | 500,000 | 511,725 | ||||||
Total Georgia | 1,382,146 | |||||||
Illinois (3.73%) | ||||||||
Illinois Finance Authority | ||||||||
5.00%, 08/15/2035 | 210,000 | 228,733 | ||||||
1.00%, 08/15/2049(b) | 300,000 | 300,000 | ||||||
Railsplitter Tobacco Settlement Authority | ||||||||
5.00%, 06/01/2025 | 500,000 | 529,220 | ||||||
5.00%, 06/01/2026 | 95,000 | 102,334 | ||||||
Total Illinois | 1,160,287 | |||||||
Indiana (1.28%) | ||||||||
Indiana Finance Authority | ||||||||
1.08%, 11/01/2037(b) | 400,000 | 400,000 | ||||||
Total Indiana | 400,000 | |||||||
Kentucky (0.36%) | ||||||||
Kentucky Public Energy Authority | ||||||||
4.00%, 12/01/2049(b) | 110,000 | 110,986 | ||||||
Total Kentucky | 110,986 | |||||||
Massachusetts (3.02%) | ||||||||
Massachusetts Development Finance Agency | ||||||||
4.00%, 07/01/2035 | 200,000 | 197,416 | ||||||
1.05%, 09/01/2037(b) | 300,000 | 300,000 | ||||||
Massachusetts Health & Educational Facilities Authority | ||||||||
0.80%, 11/01/2049(b) | 200,000 | 200,000 | ||||||
Massachusetts Housing Finance Agency | ||||||||
4.15%, 12/01/2037 | 250,000 | 245,863 | ||||||
Total Massachusetts | 943,279 | |||||||
Minnesota (0.45%) | ||||||||
Minnesota Housing Finance Agency | ||||||||
2.47%, 01/01/2050 | 149,237 | 140,872 | ||||||
Total Minnesota | 140,872 |
Security Description | Principal Amount | Value | ||||||
Revenue Bonds (continued) | ||||||||
Missouri (0.65%) | ||||||||
Missouri Housing Development Commission | ||||||||
4.00%, 05/01/2050 | $ | 200,000 | $ | 201,993 | ||||
Total Missouri | 201,993 | |||||||
Nebraska (3.38%) | ||||||||
Central Plains Energy Project | ||||||||
5.00%, 05/01/2053(b) | 725,000 | 760,492 | ||||||
Nebraska Investment Finance Authority | ||||||||
3.50%, 09/01/2046 | 295,000 | 294,308 | ||||||
Total Nebraska | 1,054,800 | |||||||
New Jersey (3.82%) | ||||||||
New Jersey Health Care Facilities Financing Authority | ||||||||
5.00%, 07/01/2045(b) | 220,000 | 234,535 | ||||||
New Jersey Transportation Trust Fund Authority | ||||||||
0.00%, 12/15/2031(a) | 1,375,000 | 952,923 | ||||||
Total New Jersey | 1,187,458 | |||||||
New Mexico (0.99%) | ||||||||
New Mexico Mortgage Finance Authority | ||||||||
5.25%, 03/01/2053 | 285,000 | 306,925 | ||||||
Total New Mexico | 306,925 | |||||||
New York (8.45%) | ||||||||
Metropolitan Transportation Authority | ||||||||
1D US SOFR + 0.33%, 11/01/2035(b) | 500,000 | 484,850 | ||||||
New York City Transitional Finance Authority Future Tax Secured Revenue | ||||||||
1.05%, 11/01/2036(b) | 100,000 | 100,000 | ||||||
4.00%, 02/01/2038 | 250,000 | 245,709 | ||||||
New York State Dormitory Authority | ||||||||
5.00%, 03/15/2031 | 500,000 | 579,820 | ||||||
Port Authority of New York & New Jersey | ||||||||
5.00%, 11/01/2030 | 1,100,000 | 1,222,535 | ||||||
Total New York | 2,632,914 | |||||||
North Carolina (1.59%) | ||||||||
Charlotte-Mecklenburg Hospital Authority | ||||||||
4.00%, 01/15/2037 | 500,000 | 491,998 | ||||||
Total North Carolina | 491,998 |
Security Description | Principal Amount | Value | ||||||
Revenue Bonds (continued) | ||||||||
North Dakota (4.51%) | ||||||||
North Dakota Housing Finance Agency | ||||||||
4.25%, 01/01/2049 | $ | 445,000 | $ | 451,288 | ||||
3.00%, 01/01/2052 | 975,000 | 952,546 | ||||||
Total North Dakota | 1,403,834 | |||||||
Ohio (5.35%) | ||||||||
Ohio Air Quality Development Authority | ||||||||
4.25%, 11/01/2039(b) | 500,000 | 510,463 | ||||||
Ohio Housing Finance Agency | ||||||||
5.00%, 03/01/2052 | 1,000,000 | 1,056,940 | ||||||
State of Ohio | ||||||||
1.15%, 01/01/2052(b) | 100,000 | 100,000 | ||||||
Total Ohio | 1,667,403 | |||||||
Oklahoma (1.70%) | ||||||||
Oklahoma Housing Finance Agency | ||||||||
5.00%, 03/01/2052 | 500,000 | 528,588 | ||||||
Total Oklahoma | 528,588 | |||||||
Pennsylvania (0.27%) | ||||||||
State Public School Building Authority | ||||||||
5.00%, 06/01/2033 | 80,000 | 85,482 | ||||||
Total Pennsylvania | 85,482 | |||||||
South Dakota (3.39%) | ||||||||
South Dakota Housing Development Authority | ||||||||
5.00%, 05/01/2053 | 1,000,000 | 1,056,999 | ||||||
Total South Dakota | 1,056,999 | |||||||
Tennessee (3.39%) | ||||||||
Tennessee Housing Development Agency | ||||||||
5.00%, 01/01/2053 | 1,000,000 | 1,056,970 | ||||||
Total Tennessee | 1,056,970 | |||||||
Texas (10.67%) | ||||||||
City of Houston TX Airport System Revenue | ||||||||
5.00%, 07/01/2028 | 1,000,000 | 1,089,675 | ||||||
City of San Antonio TX Electric & Gas Systems Revenue | ||||||||
5.00%, 02/01/2031 | 1,000,000 | 1,152,835 | ||||||
Texas Department of Housing & Community Affairs | ||||||||
3.50%, 07/01/2052 | 300,000 | 297,348 |
Security Description | Principal Amount | Value | ||||||
Revenue Bonds (continued) | ||||||||
Texas Municipal Gas Acquisition and Supply Corp. I | ||||||||
3M US L + 0.70%, 12/15/2026(b) | $ | 750,000 | $ | 735,233 | ||||
6.25%, 12/15/2026 | 50,000 | 53,131 | ||||||
Total Texas | 3,328,222 | |||||||
Utah (0.93%) | ||||||||
Utah State Building Ownership Authority | ||||||||
5.00%, 05/15/2035 | 255,000 | 289,698 | ||||||
Total Utah | 289,698 | |||||||
Washington D.C. (1.76%) | ||||||||
Metropolitan Washington Airports Authority Aviation Revenue | ||||||||
5.00%, 10/01/2028 | 500,000 | 547,653 | ||||||
Total Washington D.C. | 547,653 | |||||||
Wisconsin (2.88%) | ||||||||
University of Wisconsin Hospitals & Clinics | ||||||||
1.03%, 04/01/2048(b) | 300,000 | 300,000 | ||||||
Wisconsin Health & Educational Facilities Authority | ||||||||
4.00%, 08/15/2036 | 200,000 | 200,292 | ||||||
1.08%, 02/15/2050(b) | 400,000 | 400,000 | ||||||
Total Wisconsin | 900,292 | |||||||
Total Revenue Bonds | 25,594,134 | |||||||
TOTAL MUNICIPAL BONDS | ||||||||
(Cost $30,986,576) | 31,033,759 |
7 Day Yield | Shares | Value | ||||||||||
SHORT TERM INVESTMENTS (1.18%) | ||||||||||||
Money Market Fund | ||||||||||||
State Street Institutional US Government Money Market Fund | 2.25% | 367,242 | 367,242 | |||||||||
TOTAL SHORT TERM INVESTMENTS | ||||||||||||
(Cost $367,242) | 367,242 | |||||||||||
TOTAL INVESTMENTS (100.78%) | ||||||||||||
(Cost $31,353,818) | $ | 31,401,001 | ||||||||||
LIABILITIES IN EXCESS OF OTHER ASSETS (-0.78%) | (244,168 | ) | ||||||||||
NET ASSETS - 100.00% | $ | 31,156,833 |
Investment Abbreviations:
LIBOR - London Interbank Offered Rate
SOFR - Secured Overnight Financing Rate
Reference Rates:
1D US SOFR - 1 Day SOFR as of August 31, 2022 was 0.06%
3M US L - 3 Month LIBOR as of August 31, 2022 was 2.63%
(a) | Zero coupon bond. |
(b) | Floating or variable rate security. Interest rate resets periodically on specific dates. The rate shown represents the coupon or interest rate in effect as of August 31, 2022. Security description includes the reference rate and spread if published and available. |
(c) | Represents a security purchased on a when-issued basis. |
See Notes to Quarterly Schedule of Investments.
ALPS International Sector Dividend Dogs ETF
Schedule of Investments
As of August 31, 2022 (Unaudited)
Security Description | Shares | Value | ||||||
COMMON STOCKS (99.17%) | ||||||||
Australia (12.58%) | ||||||||
Australia & New Zealand Banking Group, Ltd.(a) | 242,292 | $ | 3,784,958 | |||||
BHP Group, Ltd. | 113,200 | 3,144,767 | ||||||
Coles Group, Ltd. | 301,034 | 3,617,063 | ||||||
Fortescue Metals Group, Ltd. | 243,790 | 3,072,710 | ||||||
Wesfarmers, Ltd. | 119,792 | 3,853,311 | ||||||
Westpac Banking Corp.(a) | 250,894 | 3,709,890 | ||||||
Woodside Energy Group, Ltd. | 1 | 24 | ||||||
Total Australia | 21,182,723 | |||||||
Austria (1.74%) | ||||||||
OMV AG | 72,280 | 2,925,863 | ||||||
Finland (2.13%) | ||||||||
Nordea Bank Abp | 384,641 | 3,577,594 | ||||||
France (7.80%) | ||||||||
Danone SA | 66,841 | 3,527,210 | ||||||
Orange SA | 325,831 | 3,306,543 | ||||||
Sanofi | 36,386 | 3,005,016 | ||||||
TotalEnergies SE | 64,719 | 3,296,860 | ||||||
Total France | 13,135,629 | |||||||
Germany (7.44%) | ||||||||
BASF SE | 70,954 | 2,999,824 | ||||||
Bayer AG | 55,283 | 2,922,293 | ||||||
Bayerische Motoren Werke AG | 43,697 | 3,226,324 | ||||||
SAP SE | 39,535 | 3,374,740 | ||||||
Total Germany | 12,523,181 | |||||||
Hong Kong (2.05%) | ||||||||
CITIC, Ltd. | 3,344,000 | 3,455,329 | ||||||
Italy (5.59%) | ||||||||
Enel SpA | 641,982 | 3,029,361 | ||||||
Eni SpA | 265,797 | 3,154,080 | ||||||
Snam SpA | 677,493 | 3,224,504 | ||||||
Total Italy | 9,407,945 | |||||||
Japan (21.03%) | ||||||||
Bridgestone Corp. | 93,400 | 3,598,850 | ||||||
Canon, Inc. | 148,063 | 3,554,365 | ||||||
Honda Motor Co., Ltd. | 145,200 | 3,892,206 | ||||||
Japan Tobacco, Inc. | 209,200 | 3,553,802 | ||||||
Kyocera Corp. | 65,200 | 3,650,355 |
Security Description | Shares | Value | ||||||
Japan (continued) | ||||||||
Marubeni Corp. | 340,900 | $ | 3,562,979 | |||||
Mitsubishi Corp. | 105,300 | 3,459,343 | ||||||
Sumitomo Corp. | 252,400 | 3,570,027 | ||||||
Takeda Pharmaceutical Co., Ltd. | 136,700 | 3,788,339 | ||||||
Tokyo Electron, Ltd. | 8,750 | 2,781,357 | ||||||
Total Japan | 35,411,623 | |||||||
Norway (4.06%) | ||||||||
DNB Bank ASA | 193,865 | 3,706,471 | ||||||
Telenor ASA | 285,528 | 3,131,719 | ||||||
Total Norway | 6,838,190 | |||||||
Spain (7.63%) | ||||||||
Endesa SA | 176,547 | 3,033,911 | ||||||
Naturgy Energy Group SA(a) | 130,438 | 3,602,195 | ||||||
Repsol SA | 227,506 | 2,968,801 | ||||||
Telefonica SA | 784,961 | 3,246,907 | ||||||
Total Spain | 12,851,814 | |||||||
Sweden (7.76%) | ||||||||
H & M Hennes & Mauritz AB, Class B(a) | 273,151 | 2,845,793 | ||||||
Swedbank AB, Class A | 248,256 | 3,220,807 | ||||||
Telefonaktiebolaget LM Ericsson, Class B | 486,017 | 3,646,495 | ||||||
Telia Co. AB | 951,203 | 3,353,303 | ||||||
Total Sweden | 13,066,398 | |||||||
Switzerland (2.10%) | ||||||||
Novartis AG | 43,561 | 3,526,324 | ||||||
United Kingdom (17.26%) | ||||||||
Anglo American PLC | 83,234 | 2,690,957 | ||||||
BAE Systems PLC | 389,861 | 3,515,411 | ||||||
BP PLC | 689,868 | 3,538,257 | ||||||
British American Tobacco PLC | 86,110 | 3,452,663 | ||||||
GSK PLC | 169,655 | 2,718,627 | ||||||
Imperial Brands PLC | 167,761 | 3,696,039 | ||||||
Rio Tinto PLC | 52,888 | 2,931,293 | ||||||
SSE PLC | 171,075 | 3,284,133 | ||||||
Vodafone Group PLC | 2,396,946 | 3,221,137 | ||||||
Total United Kingdom | 29,048,517 | |||||||
TOTAL COMMON STOCKS | ||||||||
(Cost $189,810,043) | 166,951,130 |
7 Day Yield | Shares | Value | ||||||||||
SHORT TERM INVESTMENTS (2.66%) | ||||||||||||
Money Market Fund (0.18%) | ||||||||||||
State Street Institutional Treasury Plus Money Market Fund | ||||||||||||
(Cost $302,040) | 2.25% | 302,040 | $ | 302,040 | ||||||||
Investments Purchased with Collateral from Securities Loaned (2.48%) | ||||||||||||
State Street Navigator Securities Lending Government Money Market Portfolio, 2.34% | ||||||||||||
(Cost $4,174,360) | 4,174,360 | 4,174,360 | ||||||||||
TOTAL SHORT TERM INVESTMENTS | ||||||||||||
(Cost $4,476,400) | 4,476,400 | |||||||||||
TOTAL INVESTMENTS (101.83%) | ||||||||||||
(Cost $194,286,443) | $ | 171,427,530 | ||||||||||
LIABILITIES IN EXCESS OF OTHER ASSETS (-1.83%) | (3,075,041 | ) | ||||||||||
NET ASSETS - 100.00% | $ | 168,352,489 |
(a) | Security, or a portion of the security position is currently on loan. The total market value of securities on loan is $3,960,171. |
See Notes to Quarterly Schedule of Investments.
ALPS Medical Breakthroughs ETF
Schedule of Investments
As of August 31, 2022 (Unaudited)
Security Description | Shares | Value | ||||||
COMMON STOCKS (100.02%) | ||||||||
Biotechnology (99.21%) | ||||||||
4D Molecular Therapeutics, Inc.(a) | 18,741 | $ | 147,304 | |||||
Aadi Bioscience, Inc.(a) | 12,151 | 164,646 | ||||||
ACADIA Pharmaceuticals, Inc.(a) | 94,052 | 1,545,274 | ||||||
Adagio Therapeutics, Inc.(a) | 63,686 | 290,408 | ||||||
Adaptimmune Therapeutics PLC, ADR(a)(b) | 94,027 | 186,173 | ||||||
ADC Therapeutics SA(a)(b) | 44,579 | 304,029 | ||||||
Adicet Bio, Inc.(a) | 23,222 | 328,824 | ||||||
Affimed NV(a) | 84,692 | 221,893 | ||||||
Agenus, Inc.(a)(b) | 156,861 | 423,525 | ||||||
Agios Pharmaceuticals, Inc.(a) | 31,801 | 810,926 | ||||||
Akero Therapeutics, Inc.(a)(b) | 20,325 | 238,819 | ||||||
Albireo Pharma, Inc.(a)(b) | 11,360 | 198,800 | ||||||
Aldeyra Therapeutics, Inc.(a) | 33,834 | 238,191 | ||||||
Alector, Inc.(a) | 47,783 | 494,554 | ||||||
Alkermes PLC(a) | 95,941 | 2,270,923 | ||||||
Allogene Therapeutics, Inc.(a)(b) | 83,346 | 1,142,674 | ||||||
Allovir, Inc.(a)(b) | 37,966 | 285,125 | ||||||
Altimmune, Inc.(a) | 25,080 | 553,766 | ||||||
ALX Oncology Holdings, Inc.(a)(b) | 23,608 | 306,904 | ||||||
Amarin Corp. PLC, ADR(a)(b) | 230,418 | 271,893 | ||||||
Amicus Therapeutics, Inc.(a) | 163,439 | 1,835,420 | ||||||
AnaptysBio, Inc.(a)(b) | 16,361 | 379,902 | ||||||
Anavex Life Sciences Corp.(a) | 44,931 | 430,888 | ||||||
Arbutus Biopharma Corp.(a)(b) | 86,314 | 191,617 | ||||||
Arcturus Therapeutics Holdings, Inc.(a) | 15,338 | 215,346 | ||||||
Arcus Biosciences, Inc.(a) | 41,886 | 1,008,615 | ||||||
Arcutis Biotherapeutics, Inc.(a) | 29,837 | 804,107 | ||||||
Arrowhead Pharmaceuticals, Inc.(a) | 61,642 | 2,447,804 | ||||||
Ascendis Pharma A/S, ADR(a) | 29,965 | 2,683,965 | ||||||
Aurinia Pharmaceuticals, Inc.(a) | 82,265 | 605,470 | ||||||
Autolus Therapeutics PLC, ADR(a)(b) | 52,762 | 174,115 | ||||||
Avidity Biosciences, Inc.(a)(b) | 28,884 | 566,704 | ||||||
BELLUS Health, Inc.(a) | 62,318 | 710,425 | ||||||
Bicycle Therapeutics PLC, ADR(a)(b) | 17,209 | 455,178 | ||||||
BioCryst Pharmaceuticals, Inc.(a) | 107,732 | 1,497,475 | ||||||
Bioxcel Therapeutics, Inc.(a)(b) | 16,234 | 222,081 | ||||||
C4 Therapeutics, Inc.(a) | 28,321 | 285,476 | ||||||
Catalyst Pharmaceuticals, Inc.(a) | 59,656 | 807,742 | ||||||
Celldex Therapeutics, Inc.(a) | 27,140 | 825,056 | ||||||
Centessa Pharmaceuticals PLC, ADR(a)(b) | 54,577 | 237,410 | ||||||
Cerevel Therapeutics Holdings, Inc.(a)(b) | 86,400 | 2,514,240 |
Security Description | Shares | Value | ||||||
Biotechnology (continued) | ||||||||
ChemoCentryx, Inc.(a) | 41,536 | $ | 2,117,505 | |||||
Chinook Therapeutics, Inc.(a) | 56,419 | 742,955 | ||||||
Cogent Biosciences, Inc.(a) | 26,593 | 438,519 | ||||||
Compass Pathways PLC, ADR(a)(b) | 24,668 | 403,075 | ||||||
Concert Pharmaceuticals, Inc.(a) | 26,089 | 171,666 | ||||||
Crinetics Pharmaceuticals, Inc.(a) | 31,051 | 586,243 | ||||||
CRISPR Therapeutics AG(a)(b) | 45,112 | 2,936,340 | ||||||
Cullinan Oncology, Inc.(a) | 25,992 | 350,372 | ||||||
Cytokinetics, Inc.(a)(b) | 49,834 | 2,639,209 | ||||||
Day One Biopharmaceuticals, Inc.(a) | 35,933 | 844,066 | ||||||
Denali Therapeutics, Inc.(a) | 71,605 | 1,981,310 | ||||||
Eagle Pharmaceuticals, Inc.(a) | 7,373 | 241,613 | ||||||
Editas Medicine, Inc.(a)(b) | 39,841 | 585,663 | ||||||
Emergent BioSolutions, Inc.(a) | 29,158 | 700,375 | ||||||
Enanta Pharmaceuticals, Inc.(a) | 12,018 | 731,656 | ||||||
EQRx, Inc.(a) | 283,957 | 1,388,550 | ||||||
Erasca, Inc.(a) | 70,720 | 637,894 | ||||||
Essa Pharma, Inc.(a)(b) | 25,576 | 65,986 | ||||||
Fate Therapeutics, Inc.(a)(b) | 56,079 | 1,465,905 | ||||||
FibroGen, Inc.(a) | 54,152 | 673,651 | ||||||
Forma Therapeutics Holdings, Inc.(a) | 27,747 | 371,810 | ||||||
Galapagos NV, Sponsored ADR(a) | 38,493 | 1,926,960 | ||||||
Global Blood Therapeutics, Inc.(a) | 37,971 | 2,578,231 | ||||||
HilleVax, Inc.(a) | 19,396 | 231,006 | ||||||
Icosavax, Inc.(a) | 23,055 | 108,820 | ||||||
Ideaya Biosciences, Inc.(a)(b) | 22,430 | 220,487 | ||||||
I-Mab, ADR(a)(b) | 47,966 | 294,032 | ||||||
Imago Biosciences, Inc.(a) | 19,581 | 284,512 | ||||||
Immunocore Holdings PLC, ADR(a) | 24,974 | 1,318,877 | ||||||
ImmunoGen, Inc.(a) | 127,987 | 743,604 | ||||||
Immunovant, Inc.(a) | 67,614 | 348,212 | ||||||
Instil Bio, Inc.(a)(b) | 75,040 | 390,208 | ||||||
Intellia Therapeutics, Inc.(a) | 44,113 | 2,649,427 | ||||||
Intercept Pharmaceuticals, Inc.(a) | 17,252 | 299,667 | ||||||
Ionis Pharmaceuticals, Inc.(a) | 82,450 | 3,505,774 | ||||||
Iovance Biotherapeutics, Inc.(a) | 91,218 | 977,857 | ||||||
Ironwood Pharmaceuticals, Inc.(a) | 97,397 | 1,047,992 | ||||||
iTeos Therapeutics, Inc.(a)(b) | 20,624 | 457,440 | ||||||
IVERIC bio, Inc.(a) | 67,561 | 664,800 | ||||||
Jounce Therapeutics, Inc.(a) | 29,993 | 109,774 | ||||||
KalVista Pharmaceuticals, Inc.(a)(b) | 14,246 | 234,632 | ||||||
Karuna Therapeutics, Inc.(a) | 17,305 | 4,413,814 | ||||||
Keros Therapeutics, Inc.(a) | 13,953 | 493,518 | ||||||
Kezar Life Sciences, Inc.(a) | 35,063 | 360,448 | ||||||
Kodiak Sciences, Inc.(a) | 30,152 | 301,822 | ||||||
Kronos Bio, Inc.(a) | 32,920 | 131,680 | ||||||
Krystal Biotech, Inc.(a) | 14,879 | 1,043,167 |
Security Description | Shares | Value | ||||||
Biotechnology (continued) | ||||||||
Kura Oncology, Inc.(a) | 38,668 | $ | 535,938 | |||||
LianBio, ADR(a)(b) | 62,837 | 154,579 | ||||||
Ligand Pharmaceuticals, Inc.(a) | 9,791 | 904,590 | ||||||
MannKind Corp.(a)(b) | 146,576 | 535,002 | ||||||
Merus NV(a)(b) | 25,272 | 598,441 | ||||||
MiMedx Group, Inc.(a) | 65,783 | 232,214 | ||||||
Mirati Therapeutics, Inc.(a) | 32,344 | 2,620,834 | ||||||
MoonLake Immunotherapeutics(a)(b) | 30,585 | 246,515 | ||||||
Novavax, Inc.(a)(b) | 45,351 | 1,498,397 | ||||||
Nuvalent, Inc.(a)(b) | 28,032 | 473,180 | ||||||
Ocugen, Inc.(a) | 125,160 | 322,913 | ||||||
Organogenesis Holdings, Inc.(a) | 74,942 | 269,042 | ||||||
PMV Pharmaceuticals, Inc.(a)(b) | 26,453 | 368,226 | ||||||
Point Biopharma Global, Inc.(a)(b) | 54,278 | 529,211 | ||||||
Prometheus Biosciences, Inc.(a) | 22,745 | 1,189,791 | ||||||
Protagonist Therapeutics, Inc.(a) | 28,245 | 246,296 | ||||||
Prothena Corp. PLC(a) | 27,170 | 749,077 | ||||||
PTC Therapeutics, Inc.(a) | 41,527 | 2,073,858 | ||||||
Rallybio Corp.(a) | 18,649 | 206,071 | ||||||
RAPT Therapeutics, Inc.(a)(b) | 17,206 | 459,572 | ||||||
Recursion Pharmaceuticals, Inc.(a)(b) | 100,077 | 1,051,809 | ||||||
REGENXBIO, Inc.(a) | 25,036 | 738,562 | ||||||
Repare Therapeutics, Inc.(a)(b) | 24,313 | 289,811 | ||||||
Replimune Group, Inc.(a) | 28,482 | 542,867 | ||||||
Rigel Pharmaceuticals, Inc.(a) | 99,858 | 141,798 | ||||||
Rocket Pharmaceuticals, Inc.(a) | 38,211 | 588,832 | ||||||
Sage Therapeutics, Inc.(a) | 34,490 | 1,298,893 | ||||||
Seres Therapeutics, Inc.(a)(b) | 53,532 | 275,154 | ||||||
SpringWorks Therapeutics, Inc.(a)(b) | 28,675 | 796,305 | ||||||
Stoke Therapeutics, Inc.(a) | 22,739 | 342,449 | ||||||
Syndax Pharmaceuticals, Inc.(a) | 32,636 | 770,536 | ||||||
Tango Therapeutics, Inc.(a) | 51,015 | 209,162 | ||||||
Travere Therapeutics, Inc.(a)(b) | 37,148 | 994,080 | ||||||
uniQure NV(a) | 27,078 | 529,104 | ||||||
Vanda Pharmaceuticals, Inc.(a) | 32,789 | 346,908 | ||||||
Vaxart, Inc.(a)(b) | 73,391 | 227,512 | ||||||
Vaxcyte, Inc.(a) | 33,848 | 885,464 | ||||||
VBI Vaccines, Inc.(a)(b) | 149,889 | 134,241 | ||||||
Vera Therapeutics, Inc.(a)(b) | 15,712 | 341,422 | ||||||
Vericel Corp.(a) | 27,352 | 682,432 | ||||||
Vir Biotechnology, Inc.(a) | 77,195 | 1,833,381 | ||||||
Viridian Therapeutics, Inc.(a) | 16,203 | 359,869 | ||||||
Xencor, Inc.(a) | 34,813 | 918,715 | ||||||
Xenon Pharmaceuticals, Inc.(a) | 30,922 | 1,200,083 | ||||||
Zai Lab, Ltd., ADR(a) | 57,171 | 2,641,872 | ||||||
Total Biotechnology | 106,889,819 |
Security Description | Shares | Value | ||||||
Health Care Providers & Services (0.81%) | ||||||||
OPKO Health, Inc.(a)(b) | 399,482 | $ | 870,871 | |||||
TOTAL COMMON STOCKS | ||||||||
(Cost $116,758,746) | 107,760,690 |
7 Day Yield | Shares | Value | ||||||||||
SHORT TERM INVESTMENTS (9.13%) | ||||||||||||
Money Market Fund (0.02%) | ||||||||||||
State Street Institutional Treasury Plus Money Market Fund | ||||||||||||
(Cost $24,896) | 2.25% | 24,896 | 24,896 | |||||||||
Investments Purchased with Collateral from Securities Loaned (9.11%) | ||||||||||||
State Street Navigator Securities Lending Government Money Market Portfolio, 2.34% | ||||||||||||
(Cost $9,815,433) | 9,815,433 | 9,815,433 | ||||||||||
TOTAL SHORT TERM INVESTMENTS | ||||||||||||
(Cost $9,840,329) | 9,840,329 | |||||||||||
TOTAL INVESTMENTS (109.15%) | ||||||||||||
(Cost $126,599,075) | $ | 117,601,019 | ||||||||||
LIABILITIES IN EXCESS OF OTHER ASSETS (-9.15%) | (9,855,789 | ) | ||||||||||
NET ASSETS - 100.00% | $ | 107,745,230 |
(a) | Non-income producing security. |
(b) | Security, or a portion of the security position is currently on loan. The total market value of securities on loan is $13,724,400. |
See Notes to Quarterly Schedule of Investments.
ALPS REIT Dividend Dogs ETF
Schedule of Investments
As of August 31, 2022 (Unaudited)
Security Description | Shares | Value | ||||||
COMMON STOCKS (99.77%) | ||||||||
Diversified REITs (11.74%) | ||||||||
American Assets Trust, Inc. | 17,539 | $ | 486,883 | |||||
Broadstone Net Lease, Inc. | 26,340 | 504,148 | ||||||
Essential Properties Realty Trust, Inc. | 24,916 | 564,098 | ||||||
STORE Capital Corp. | 20,546 | 554,331 | ||||||
WP Carey, Inc. | 6,551 | 550,480 | ||||||
Total Diversified REITs | 2,659,940 | |||||||
Health Care REITs (12.66%) | ||||||||
LTC Properties, Inc. | 14,049 | 630,660 | ||||||
Medical Properties Trust, Inc. | 33,917 | 495,527 | ||||||
National Health Investors, Inc. | 8,876 | 581,467 | ||||||
Omega Healthcare Investors, Inc. | 18,073 | 590,264 | ||||||
Sabra Health Care REIT, Inc. | 38,099 | 570,342 | ||||||
Total Health Care REITs | 2,868,260 | |||||||
Hotel & Resort REITs (9.24%) | ||||||||
Apple Hospitality REIT, Inc. | 34,142 | 543,199 | ||||||
Pebblebrook Hotel Trust | 25,585 | 450,808 | ||||||
RLJ Lodging Trust | 42,778 | 515,903 | ||||||
Service Properties Trust | 85,312 | 583,534 | ||||||
Total Hotel & Resort REITs | 2,093,444 | |||||||
Industrial REITs (10.29%) | ||||||||
Duke Realty Corp. | 10,886 | 640,641 | ||||||
Industrial Logistics Properties Trust | 37,609 | 281,691 | ||||||
Innovative Industrial Properties, Inc. | 4,203 | 385,499 | ||||||
LXP Industrial Trust | 50,014 | 503,141 | ||||||
STAG Industrial, Inc. | 16,896 | 520,397 | ||||||
Total Industrial REITs | 2,331,369 | |||||||
Office REITs (10.12%) | ||||||||
Brandywine Realty Trust | 52,419 | 420,925 | ||||||
Easterly Government Properties, Inc. | 28,126 | 504,862 | ||||||
Piedmont Office Realty Trust, Inc., Class A | 38,998 | 459,396 | ||||||
SL Green Realty Corp. | 10,267 | 453,493 | ||||||
Vornado Realty Trust | 17,340 | 454,655 | ||||||
Total Office REITs | 2,293,331 | |||||||
Residential REITs (9.49%) | ||||||||
AvalonBay Communities, Inc. | 2,783 | 559,132 | ||||||
Centerspace | 6,634 | 500,071 | ||||||
Equity Residential | 7,488 | 547,972 |
Security Description | Shares | Value | ||||||
Residential REITs (continued) | ||||||||
UDR, Inc. | 12,105 | $ | 543,151 | |||||
Total Residential REITs | 2,150,326 | |||||||
Retail REITs (12.46%) | ||||||||
Agree Realty Corp. | 7,708 | 580,566 | ||||||
National Retail Properties, Inc. | 12,781 | 573,867 | ||||||
Realty Income Corp. | 8,221 | 561,330 | ||||||
Simon Property Group, Inc. | 5,363 | 546,919 | ||||||
Spirit Realty Capital, Inc. | 13,716 | 560,299 | ||||||
Total Retail REITs | 2,822,981 | |||||||
Specialized REITs (19.15%) | ||||||||
American Tower Corp. | 2,157 | 547,986 | ||||||
EPR Properties | 11,271 | 490,176 | ||||||
Equinix, Inc. | 834 | 548,246 | ||||||
Four Corners Property Trust, Inc. | 20,376 | 547,911 | ||||||
Gaming and Leisure Properties, Inc. | 11,772 | 568,234 | ||||||
Iron Mountain, Inc. | 10,598 | 557,561 | ||||||
Uniti Group, Inc. | 51,138 | 480,186 | ||||||
VICI Properties, Inc. | 18,147 | 598,669 | ||||||
Total Specialized REITs | 4,338,969 | |||||||
Technology REITs (4.62%) | ||||||||
Crown Castle, Inc. | 3,143 | 536,919 | ||||||
Digital Realty Trust, Inc. | 4,127 | 510,221 | ||||||
Total Technology REITs | 1,047,140 | |||||||
TOTAL COMMON STOCKS | ||||||||
(Cost $25,548,831) | 22,605,760 |
7 Day Yield | Shares | Value | ||||||||||
SHORT TERM INVESTMENTS (0.15%) | ||||||||||||
Money Market Fund | ||||||||||||
State Street Institutional Treasury Plus Money Market Fund | 2.25% | 34,138 | 34,138 | |||||||||
TOTAL SHORT TERM INVESTMENTS | ||||||||||||
(Cost $34,138) | 34,138 | |||||||||||
TOTAL INVESTMENTS (99.92%) | ||||||||||||
(Cost $25,582,969) | $ | 22,639,898 | ||||||||||
OTHER ASSETS IN EXCESS OF LIABILITIES (0.08%) | 17,076 | |||||||||||
NET ASSETS - 100.00% | $ | 22,656,974 |
See Notes to Quarterly Schedule of Investments.
ALPS Sector Dividend Dogs ETF
Schedule of Investments
As of August 31, 2022 (Unaudited)
Security Description | Shares | Value | ||||||
COMMON STOCKS (99.49%) | ||||||||
Communication Services (9.33%) | ||||||||
AT&T, Inc. | 1,221,579 | $ | 21,426,495 | |||||
Interpublic Group of Cos., Inc. | 873,034 | 24,130,660 | ||||||
Lumen Technologies, Inc. | 2,242,628 | 22,336,575 | ||||||
Omnicom Group, Inc. | 371,739 | 24,869,339 | ||||||
Verizon Communications, Inc. | 497,332 | 20,793,451 | ||||||
Total Communication Services | 113,556,520 | |||||||
Consumer Discretionary (9.69%) | ||||||||
Best Buy Co., Inc. | 348,128 | 24,609,168 | ||||||
Hasbro, Inc. | 297,625 | 23,458,802 | ||||||
Newell Brands, Inc. | 1,320,503 | 23,570,979 | ||||||
VF Corp. | 534,344 | 22,148,559 | ||||||
Whirlpool Corp. | 153,786 | 24,082,888 | ||||||
Total Consumer Discretionary | 117,870,396 | |||||||
Consumer Staples (9.88%) | ||||||||
Altria Group, Inc. | 516,437 | 23,301,637 | ||||||
Conagra Brands, Inc. | 776,000 | 26,678,880 | ||||||
Kraft Heinz Co. | 674,882 | 25,240,587 | ||||||
Philip Morris International, Inc. | 246,994 | 23,585,457 | ||||||
Walgreens Boots Alliance, Inc. | 608,433 | 21,331,661 | ||||||
Total Consumer Staples | 120,138,222 | |||||||
Energy (9.70%) | ||||||||
Exxon Mobil Corp. | 251,587 | 24,049,201 | ||||||
Kinder Morgan, Inc. | 1,328,136 | 24,331,452 | ||||||
ONEOK, Inc. | 390,396 | 23,903,947 | ||||||
Valero Energy Corp. | 179,876 | 21,067,077 | ||||||
Williams Cos., Inc. | 724,409 | 24,651,638 | ||||||
Total Energy | 118,003,315 | |||||||
Financials (10.92%) | ||||||||
Franklin Resources, Inc. | 1,029,091 | 26,828,402 | ||||||
Huntington Bancshares, Inc. | 2,030,071 | 27,202,952 | ||||||
Principal Financial Group, Inc. | 381,047 | 28,487,074 | ||||||
Prudential Financial, Inc. | 256,883 | 24,596,547 | ||||||
Truist Financial Corp. | 550,042 | 25,763,967 | ||||||
Total Financials | 132,878,942 | |||||||
Health Care (10.81%) | ||||||||
AbbVie, Inc. | 176,496 | 23,731,652 | ||||||
Amgen, Inc. | 105,308 | 25,305,512 | ||||||
Bristol-Myers Squibb Co. | 336,591 | 22,689,599 |
Security Description | Shares | Value | ||||||
Health Care (continued) | ||||||||
Cardinal Health, Inc. | 472,777 | $ | 33,434,790 | |||||
Gilead Sciences, Inc. | 416,113 | 26,410,692 | ||||||
Total Health Care | 131,572,245 | |||||||
Industrials (10.50%) | ||||||||
3M Co.(a) | 183,609 | 22,831,779 | ||||||
Cummins, Inc. | 122,984 | 26,487,064 | ||||||
Huntington Ingalls Industries, Inc. | 119,222 | 27,452,058 | ||||||
Lockheed Martin Corp. | 58,748 | 24,680,622 | ||||||
Snap-On, Inc. | 120,726 | 26,301,367 | ||||||
Total Industrials | 127,752,890 | |||||||
Information Technology (9.50%) | ||||||||
Cisco Systems, Inc. | 581,155 | 25,989,252 | ||||||
Hewlett Packard Enterprise Co. | 1,776,136 | 24,155,450 | ||||||
Intel Corp. | 645,089 | 20,591,241 | ||||||
International Business Machines Corp. | 185,580 | 23,837,751 | ||||||
Seagate Technology Holdings PLC | 313,537 | 20,994,437 | ||||||
Total Information Technology | 115,568,131 | |||||||
Materials (8.56%) | ||||||||
Amcor PLC | 1,980,750 | 23,788,808 | ||||||
International Paper Co. | 561,655 | 23,376,081 | ||||||
LyondellBasell Industries NV, Class A | 246,406 | 20,451,698 | ||||||
Newmont Mining Corp. | 378,076 | 15,637,223 | ||||||
The Dow Chemical Co. | 408,504 | 20,833,704 | ||||||
Total Materials | 104,087,514 | |||||||
Utilities (10.60%) | ||||||||
Edison International | 377,344 | 25,572,603 | ||||||
FirstEnergy Corp. | 622,523 | 24,620,785 | ||||||
Pinnacle West Capital Corp. | 342,800 | 25,829,980 | ||||||
PPL Corp. | 892,138 | 25,943,373 | ||||||
Southern Co. | 350,349 | 27,001,397 | ||||||
Total Utilities | 128,968,138 | |||||||
TOTAL COMMON STOCKS | ||||||||
(Cost $1,212,218,327) | 1,210,396,313 |
7 Day Yield | Shares | Value | ||||||||||
SHORT TERM INVESTMENTS (1.39%) | ||||||||||||
Money Market Fund (0.01%) | ||||||||||||
State Street Institutional Treasury Plus Money Market Fund | ||||||||||||
(Cost $174,948) | 2.25% | 174,948 | $ | 174,948 | ||||||||
Investments Purchased with Collateral from Securities Loaned (1.38%) | ||||||||||||
State Street Navigator Securities Lending Government Money Market Portfolio, 2.34% | ||||||||||||
(Cost $16,714,485) | 16,714,485 | 16,714,485 | ||||||||||
TOTAL SHORT TERM INVESTMENTS | ||||||||||||
(Cost $16,889,433) | 16,889,433 | |||||||||||
TOTAL INVESTMENTS (100.88%) | ||||||||||||
(Cost $1,229,107,760) | $ | 1,227,285,746 | ||||||||||
LIABILITIES IN EXCESS OF OTHER ASSETS (-0.88%) | (10,648,163 | ) | ||||||||||
NET ASSETS - 100.00% | $ | 1,216,637,583 |
(a) | Security, or a portion of the security position is currently on loan. The total market value of securities on loan is $16,301,539. |
See Notes to Quarterly Schedule of Investments.
Barron's 400 ETF
Schedule of Investments
As of August 31, 2022 (Unaudited)
Security Description | Shares | Value | ||||||
COMMON STOCKS (97.39%) | ||||||||
Communication Services (1.86%) | ||||||||
Activision Blizzard, Inc. | 4,350 | $ | 341,431 | |||||
Alphabet, Inc., Class A(a) | 2,692 | 291,328 | ||||||
Entravision Communications Corp., Class A | 55,625 | 282,575 | ||||||
Fox Corp., Class A | 8,659 | 295,965 | ||||||
Interpublic Group of Cos., Inc. | 9,809 | 271,121 | ||||||
Omnicom Group, Inc. | 4,228 | 282,853 | ||||||
Paramount Global, Class B(b) | 9,816 | 229,596 | ||||||
World Wrestling Entertainment, Inc., Class A | 6,152 | 418,398 | ||||||
Total Communication Services | 2,413,267 | |||||||
Consumer Discretionary (17.01%) | ||||||||
Academy Sports & Outdoors, Inc. | 9,644 | 415,464 | ||||||
American Eagle Outfitters, Inc. | 18,912 | 212,949 | ||||||
Asbury Automotive Group, Inc.(a) | 1,861 | 324,707 | ||||||
AutoNation, Inc.(a) | 3,012 | 375,295 | ||||||
AutoZone, Inc.(a) | 181 | 383,577 | ||||||
Best Buy Co., Inc. | 3,499 | 247,344 | ||||||
Big 5 Sporting Goods Corp.(b) | 21,500 | 263,160 | ||||||
Boot Barn Holdings, Inc.(a) | 3,823 | 254,688 | ||||||
Boyd Gaming Corp. | 5,171 | 281,458 | ||||||
Brunswick Corp. | 3,934 | 293,909 | ||||||
Buckle, Inc. | 9,608 | 310,146 | ||||||
Build-A-Bear Workshop, Inc. | 20,534 | 314,581 | ||||||
Cavco Industries, Inc.(a) | 1,234 | 288,768 | ||||||
Children's Place, Inc.(a) | 6,682 | 281,847 | ||||||
Churchill Downs, Inc. | 1,568 | 309,037 | ||||||
Columbia Sportswear Co. | 3,908 | 278,406 | ||||||
Crocs, Inc.(a) | 4,723 | 348,085 | ||||||
Darden Restaurants, Inc. | 2,757 | 341,069 | ||||||
Dick's Sporting Goods, Inc.(b) | 3,120 | 331,874 | ||||||
Dillard's, Inc., Class A(b) | 1,281 | 379,483 | ||||||
Dollar General Corp. | 1,606 | 381,297 | ||||||
DR Horton, Inc. | 4,296 | 305,660 | ||||||
Ethan Allen Interiors, Inc.(b) | 13,085 | 311,031 | ||||||
Etsy, Inc.(a) | 2,782 | 293,807 | ||||||
Five Below, Inc.(a) | 2,270 | 290,288 | ||||||
Harley-Davidson, Inc. | 9,062 | 349,521 | ||||||
Home Depot, Inc. | 1,038 | 299,380 | ||||||
KB Home | 9,294 | 266,273 | ||||||
Lennar Corp., Class B | 4,776 | 294,584 | ||||||
Levi Strauss & Co., Class A | 18,479 | 312,110 | ||||||
Lithia Motors, Inc., Class A | 1,056 | 280,305 | ||||||
LKQ Corp. | 7,565 | 402,609 | ||||||
Malibu Boats, Inc., Class A(a) | �� | 5,742 | 344,692 | |||||
MarineMax, Inc.(a) | 7,716 | 280,399 | ||||||
Marriott International, Inc., Class A | 2,056 | 316,089 | ||||||
MasterCraft Boat Holdings, Inc.(a) | 13,017 | 313,580 |
Security Description | Shares | Value | ||||||
Consumer Discretionary (continued) | ||||||||
Mattel, Inc.(a) | 15,283 | $ | 338,060 | |||||
Monarch Casino & Resort, Inc.(a) | 4,028 | 243,251 | ||||||
Movado Group, Inc. | 10,265 | 327,351 | ||||||
Murphy USA, Inc. | 1,827 | 530,141 | ||||||
NVR, Inc.(a) | 71 | 293,944 | ||||||
OneWater Marine, Inc., Class A(a) | 8,502 | 338,805 | ||||||
O'Reilly Automotive, Inc.(a) | 495 | 345,074 | ||||||
Patrick Industries, Inc. | 5,186 | 274,702 | ||||||
Pool Corp. | 759 | 257,445 | ||||||
PulteGroup, Inc. | 7,392 | 300,559 | ||||||
Ralph Lauren Corp. | 3,214 | 293,535 | ||||||
Ruth's Hospitality Group, Inc. | 15,377 | 280,169 | ||||||
Shoe Carnival, Inc. | 10,952 | 260,548 | ||||||
Signet Jewelers, Ltd. | 4,706 | 307,631 | ||||||
Skechers U.S.A., Inc., Class A(a) | 9,298 | 351,464 | ||||||
Skyline Champion Corp.(a) | 5,188 | 294,004 | ||||||
Smith & Wesson Brands, Inc. | 21,895 | 291,204 | ||||||
Steven Madden, Ltd. | 8,880 | 258,497 | ||||||
Sturm Ruger & Co., Inc. | 4,896 | 255,816 | ||||||
Tapestry, Inc. | 9,831 | 341,431 | ||||||
Target Corp. | 1,586 | 254,299 | ||||||
Taylor Morrison Home Corp., Class A(a) | 11,226 | 281,885 | ||||||
Tempur Sealy International, Inc. | 11,000 | 275,110 | ||||||
Tesla, Inc.(a) | 1,266 | 348,922 | ||||||
Texas Roadhouse, Inc. | 4,433 | 393,473 | ||||||
Thor Industries, Inc. | 4,124 | 334,085 | ||||||
Tilly's, Inc., Class A | 35,259 | 264,443 | ||||||
TJX Cos., Inc. | 5,579 | 347,851 | ||||||
Tractor Supply Co. | 1,508 | 279,206 | ||||||
Ulta Beauty, Inc.(a) | 922 | 387,120 | ||||||
Vista Outdoor, Inc.(a) | 9,510 | 267,421 | ||||||
Whirlpool Corp. | 1,807 | 282,976 | ||||||
Williams-Sonoma, Inc. | 2,349 | 349,414 | ||||||
Winnebago Industries, Inc.(b) | 5,784 | 333,043 | ||||||
Zumiez, Inc.(a) | 8,310 | 215,728 | ||||||
Total Consumer Discretionary | 22,076,079 | |||||||
Consumer Staples (4.09%) | ||||||||
Archer-Daniels-Midland Co. | 4,179 | 367,292 | ||||||
Bunge, Ltd. | 3,185 | 315,857 | ||||||
Church & Dwight Co., Inc. | 3,498 | 292,818 | ||||||
Coca-Cola Co. | 5,768 | 355,943 | ||||||
Costco Wholesale Corp. | 631 | 329,445 | ||||||
Darling Ingredients, Inc.(a) | 4,828 | 367,218 | ||||||
Estee Lauder Cos., Inc., Class A | 1,320 | 335,782 | ||||||
Hershey Co. | 1,643 | 369,133 | ||||||
Ingles Markets, Inc., Class A | 3,795 | 332,176 | ||||||
Inter Parfums, Inc. | 4,166 | 327,114 | ||||||
Kellogg Co. | 5,622 | 408,944 | ||||||
MGP Ingredients, Inc. | 4,357 | 476,917 | ||||||
Monster Beverage Corp.(a) | 4,601 | 408,707 | ||||||
Procter & Gamble Co. | 2,293 | 316,296 | ||||||
Tyson Foods, Inc., Class A | 4,039 | 304,460 | ||||||
Total Consumer Staples | 5,308,102 |
Security Description | Shares | Value | ||||||
Energy (11.48%) | ||||||||
APA Corp. | 9,374 | $ | 366,617 | |||||
Brigham Minerals, Inc., Class A | 14,646 | 435,718 | ||||||
California Resources Corp. | 8,228 | 411,071 | ||||||
Callon Petroleum Co.(a) | 6,363 | 270,809 | ||||||
Chesapeake Energy Corp.(b) �� | 4,662 | 468,484 | ||||||
Chevron Corp. | 2,174 | 343,622 | ||||||
Chord Energy Corp. | 5,358 | 758,425 | ||||||
Civitas Resources, Inc. | 6,379 | 428,605 | ||||||
ConocoPhillips | 3,669 | 401,572 | ||||||
Continental Resources, Inc. | 6,054 | 422,751 | ||||||
Coterra Energy, Inc. | 15,008 | 463,897 | ||||||
Denbury, Inc.(a) | 4,986 | 443,405 | ||||||
Devon Energy Corp. | 6,499 | 458,959 | ||||||
Diamondback Energy, Inc. | 2,817 | 375,450 | ||||||
EOG Resources, Inc. | 3,102 | 376,273 | ||||||
Exxon Mobil Corp. | 4,467 | 427,001 | ||||||
FLEX LNG, Ltd.(b) | 16,669 | 551,244 | ||||||
Halliburton Co. | 9,909 | 298,558 | ||||||
Hess Corp. | 3,717 | 448,939 | ||||||
Kimbell Royalty Partners LP | 22,336 | 396,241 | ||||||
Laredo Petroleum, Inc.(a) | 5,059 | 392,629 | ||||||
Magnolia Oil & Gas Corp., Class A | 15,979 | 381,419 | ||||||
Marathon Oil Corp. | 15,903 | 406,958 | ||||||
Matador Resources Co. | 6,878 | 409,929 | ||||||
Occidental Petroleum Corp. | 6,318 | 448,578 | ||||||
ONEOK, Inc. | 5,361 | 328,254 | ||||||
Ovintiv, Inc. | 7,994 | 424,801 | ||||||
PDC Energy, Inc. | 5,288 | 359,108 | ||||||
Pioneer Natural Resources Co. | 1,508 | 381,856 | ||||||
San Juan Basin Royalty Trust | 55,237 | 686,596 | ||||||
SandRidge Energy, Inc.(a) | 25,538 | 535,787 | ||||||
Targa Resources Corp. | 5,300 | 361,619 | ||||||
Texas Pacific Land Corp. | 278 | 511,648 | ||||||
VAALCO Energy, Inc.(b) | 67,347 | 337,408 | ||||||
Williams Cos., Inc. | 11,158 | 379,707 | ||||||
Total Energy | 14,893,938 | |||||||
Financials (17.09%) | ||||||||
Allegiance Bancshares, Inc. | 7,763 | 328,841 | ||||||
Ally Financial, Inc. | 8,301 | 275,593 | ||||||
A-Mark Precious Metals, Inc. | 10,002 | 309,162 | ||||||
American Express Co. | 1,955 | 297,160 | ||||||
American International Group, Inc. | 5,883 | 304,445 | ||||||
Ameriprise Financial, Inc. | 1,224 | 328,044 | ||||||
Ameris Bancorp | 7,314 | 341,417 | ||||||
Associated Banc-Corp | 14,870 | 297,995 | ||||||
Atlantic Union Bankshares Corp. | 8,743 | 283,710 | ||||||
Atlanticus Holdings Corp.(a) | 7,169 | 204,101 | ||||||
BancFirst Corp. | 4,307 | 464,553 | ||||||
Bank OZK | 7,845 | 317,958 | ||||||
Banner Corp. | 5,815 | 353,319 | ||||||
Blackstone, Inc. | 3,164 | 297,226 | ||||||
Byline Bancorp, Inc. | 12,906 | 281,480 | ||||||
Capital One Financial Corp. | 2,555 | 270,370 | ||||||
Cathay General Bancorp | 7,619 | 319,541 | ||||||
Central Pacific Financial Corp. | 12,334 | 268,758 | ||||||
Cincinnati Financial Corp. | 2,631 | 255,102 |
Security Description | Shares | Value | ||||||
Financials (continued) | ||||||||
Citizens Financial Group, Inc. | 13,562 | $ | 497,441 | |||||
Cohen & Steers, Inc. | 4,421 | 315,571 | ||||||
ConnectOne Bancorp, Inc. | 10,530 | 263,566 | ||||||
Credit Acceptance Corp.(a)(b) | 694 | 369,263 | ||||||
Customers Bancorp, Inc.(a) | 6,124 | 212,442 | ||||||
Dime Community Bancshares, Inc. | 10,158 | 317,539 | ||||||
Eagle Bancorp, Inc. | 5,863 | 284,531 | ||||||
East West Bancorp, Inc. | 4,506 | 325,198 | ||||||
Enova International, Inc.(a) | 9,736 | 340,176 | ||||||
Enterprise Financial Services Corp. | 7,064 | 322,966 | ||||||
Evercore, Inc., Class A | 3,092 | 289,689 | ||||||
FactSet Research Systems, Inc. | 824 | 357,072 | ||||||
FB Financial Corp. | 7,485 | 296,556 | ||||||
Fidelity National Financial, Inc., Class A | 7,112 | 278,079 | ||||||
Fifth Third Bancorp | 7,504 | 256,262 | ||||||
First BanCorp | 26,742 | 382,411 | ||||||
First Foundation, Inc. | 13,367 | 253,438 | ||||||
Flagstar Bancorp, Inc. | 7,937 | 305,813 | ||||||
Flushing Financial Corp. | 15,008 | 309,915 | ||||||
Franklin Resources, Inc. | 12,759 | 332,627 | ||||||
Hamilton Lane, Inc., Class A | 4,644 | 323,130 | ||||||
Hanmi Financial Corp. | 13,870 | 342,866 | ||||||
HomeStreet, Inc. | 6,818 | 237,335 | ||||||
Horizon Bancorp, Inc. | 17,187 | 325,178 | ||||||
Houlihan Lokey, Inc. | 3,547 | 278,439 | ||||||
Independent Bank Corp. | 14,652 | 300,659 | ||||||
International Bancshares Corp. | 8,067 | 336,636 | ||||||
KeyCorp | 14,410 | 254,913 | ||||||
Kinsale Capital Group, Inc. | 1,576 | 399,642 | ||||||
Lakeland Bancorp, Inc. | 19,542 | 318,339 | ||||||
Live Oak Bancshares, Inc. | 6,201 | 224,724 | ||||||
Merchants Bancorp | 12,399 | 334,401 | ||||||
Mr Cooper Group, Inc.(a) | 7,273 | 307,648 | ||||||
OFG Bancorp | 12,681 | 344,923 | ||||||
Old Republic International Corp. | 13,460 | 293,966 | ||||||
Origin Bancorp, Inc. | 7,803 | 318,753 | ||||||
Pacific Premier Bancorp, Inc. | 9,352 | 306,372 | ||||||
Piper Sandler Cos. | 2,752 | 315,297 | ||||||
Popular, Inc. | 4,257 | 328,726 | ||||||
Premier Financial Corp. | 10,726 | 289,817 | ||||||
Regional Management Corp. | 7,633 | 257,156 | ||||||
Regions Financial Corp. | 15,095 | 327,109 | ||||||
SEI Investments Co. | 5,946 | 325,246 | ||||||
ServisFirst Bancshares, Inc. | 3,849 | 324,702 | ||||||
Signature Bank/New York NY | 1,171 | 204,176 | ||||||
SLM Corp. | 19,605 | 299,564 | ||||||
Stifel Financial Corp. | 5,240 | 310,784 | ||||||
Synovus Financial Corp. | 7,134 | 286,501 | ||||||
Towne Bank | 11,093 | 316,040 | ||||||
US Bancorp | 6,333 | 288,848 | ||||||
Western Alliance Bancorp | 4,178 | 320,536 | ||||||
WSFS Financial Corp. | 6,783 | 327,958 | ||||||
Zions Bancorp NA | 5,267 | 289,843 | ||||||
Total Financials | 22,169,557 |
Security Description | Shares | Value | ||||||
Health Care (10.04%) | ||||||||
Abbott Laboratories | 2,928 | $ | 300,559 | |||||
AbbVie, Inc. | 2,207 | 296,753 | ||||||
Agilent Technologies, Inc. | 2,674 | 342,940 | ||||||
Amgen, Inc. | 1,479 | 355,404 | ||||||
AMN Healthcare Services, Inc.(a) | 3,420 | 351,029 | ||||||
Bio-Rad Laboratories, Inc., Class A(a) | 623 | 302,180 | ||||||
Bio-Techne Corp. | 842 | 279,384 | ||||||
Bristol-Myers Squibb Co. | 4,943 | 333,208 | ||||||
Catalent, Inc.(a) | 3,606 | 317,328 | ||||||
Catalyst Pharmaceuticals, Inc.(a) | 45,909 | 621,608 | ||||||
Cooper Cos, Inc. | 875 | 251,510 | ||||||
Corcept Therapeutics, Inc.(a) | 14,336 | 370,156 | ||||||
Cross Country Healthcare, Inc.(a) | 16,723 | 424,430 | ||||||
Danaher Corp. | 1,265 | 341,436 | ||||||
DaVita, Inc.(a) | 3,117 | 265,849 | ||||||
Doximity, Inc., Class A(a)(b) | 8,004 | 265,653 | ||||||
Dynavax Technologies Corp.(a)(b) | 33,147 | 380,196 | ||||||
Edwards Lifesciences Corp.(a) | 3,264 | 294,086 | ||||||
HCA Healthcare, Inc. | 1,288 | 254,857 | ||||||
Henry Schein, Inc.(a) | 4,009 | 294,301 | ||||||
Hologic, Inc.(a) | 4,847 | 327,463 | ||||||
IDEXX Laboratories, Inc.(a) | 680 | 236,382 | ||||||
Innoviva, Inc.(a) | 18,792 | 247,303 | ||||||
Johnson & Johnson | 1,952 | 314,936 | ||||||
Laboratory Corp. of America Holdings | 1,265 | 284,967 | ||||||
Maravai LifeSciences Holdings, Inc., Class A(a) | 8,885 | 185,430 | ||||||
Merck & Co., Inc. | 4,388 | 374,560 | ||||||
Mettler-Toledo International, Inc.(a) | 257 | 311,602 | ||||||
Moderna, Inc.(a) | 2,361 | 312,289 | ||||||
PerkinElmer, Inc. | 2,025 | 273,496 | ||||||
Pfizer, Inc. | 6,593 | 298,201 | ||||||
Quest Diagnostics, Inc. | 2,467 | 309,140 | ||||||
QuidelOrtho Corp.(a) | 3,340 | 264,728 | ||||||
Regeneron Pharmaceuticals, Inc.(a) | 518 | 300,989 | ||||||
Thermo Fisher Scientific, Inc. | 622 | 339,189 | ||||||
Veeva Systems, Inc., Class A(a) | 1,963 | 391,265 | ||||||
Vertex Pharmaceuticals, Inc.(a) | 1,384 | 389,956 | ||||||
Vir Biotechnology, Inc.(a) | 15,058 | 357,627 | ||||||
Waters Corp.(a) | 1,075 | 320,995 | ||||||
West Pharmaceutical Services, Inc. | 886 | 262,867 | ||||||
Zoetis, Inc. | 1,812 | 283,632 | ||||||
Total Health Care | 13,029,884 | |||||||
Industrials (15.45%) | ||||||||
AGCO Corp. | 2,805 | 304,932 | ||||||
Allison Transmission Holdings, Inc. | 8,934 | 323,947 | ||||||
AMETEK, Inc. | 2,694 | 323,711 | ||||||
AO Smith Corp. | 5,196 | 293,314 | ||||||
ArcBest Corp. | 4,114 | 331,300 |
Security Description | Shares | Value | ||||||
Industrials (continued) | ||||||||
Atkore, Inc.(a) | 3,384 | $ | 285,643 | |||||
Atlas Air Worldwide Holdings, Inc.(a) | 4,053 | 404,976 | ||||||
BlueLinx Holdings, Inc.(a) | 3,914 | 274,371 | ||||||
Boise Cascade Co. | 4,591 | 286,157 | ||||||
Builders FirstSource, Inc.(a) | 4,702 | 275,584 | ||||||
BWX Technologies, Inc. | 6,489 | 338,272 | ||||||
Carlisle Cos., Inc. | 1,440 | 425,750 | ||||||
CH Robinson Worldwide, Inc. | 3,518 | 401,580 | ||||||
Cintas Corp. | 897 | 364,936 | ||||||
Copart, Inc.(a) | 2,895 | 346,387 | ||||||
CSW Industrials, Inc. | 2,948 | 373,217 | ||||||
CSX Corp. | 10,035 | 317,608 | ||||||
Donaldson Co., Inc. | 6,642 | 341,067 | ||||||
Dover Corp. | 2,298 | 287,158 | ||||||
Eagle Bulk Shipping, Inc. | 6,205 | 269,545 | ||||||
Emerson Electric Co. | 3,719 | 303,991 | ||||||
Encore Wire Corp. | 2,803 | 364,670 | ||||||
Equifax, Inc. | 1,482 | 279,728 | ||||||
Expeditors International of Washington, Inc. | 3,486 | 358,675 | ||||||
Fastenal Co. | 6,167 | 310,385 | ||||||
Fortune Brands Home & Security, Inc. | 4,054 | 249,037 | ||||||
Franklin Electric Co., Inc. | 4,183 | 363,294 | ||||||
Genco Shipping & Trading, Ltd. | 18,094 | 248,069 | ||||||
Generac Holdings, Inc.(a) | 1,194 | 263,170 | ||||||
Golden Ocean Group, Ltd.(b) | 31,078 | 298,038 | ||||||
Graco, Inc. | 4,950 | 316,008 | ||||||
Heidrick & Struggles International, Inc. | 8,618 | 245,268 | ||||||
IDEX Corp. | 1,772 | 356,544 | ||||||
Insteel Industries, Inc. | 9,157 | 264,637 | ||||||
JB Hunt Transport Services, Inc. | 1,720 | 299,314 | ||||||
Knight-Swift Transportation Holdings, Inc. | 6,574 | 332,053 | ||||||
Korn Ferry | 5,270 | 321,048 | ||||||
Landstar System, Inc. | 2,284 | 334,903 | ||||||
Lockheed Martin Corp. | 764 | 320,964 | ||||||
Matson, Inc. | 3,060 | 225,400 | ||||||
Mueller Industries, Inc. | 6,134 | 387,485 | ||||||
Nordson Corp. | 1,558 | 353,931 | ||||||
Norfolk Southern Corp. | 1,278 | 310,720 | ||||||
Northrop Grumman Corp. | 764 | 365,184 | ||||||
Old Dominion Freight Line, Inc. | 1,110 | 301,265 | ||||||
Owens Corning | 3,686 | 301,257 | ||||||
PACCAR, Inc. | 3,928 | 343,739 | ||||||
Parker-Hannifin Corp. | 1,226 | 324,890 | ||||||
Republic Services, Inc. | 2,664 | 380,206 | ||||||
Robert Half International, Inc. | 3,071 | 236,375 | ||||||
Saia, Inc.(a) | 1,322 | 273,429 | ||||||
Schneider National, Inc., Class B | 13,470 | 307,924 | ||||||
Simpson Manufacturing Co., Inc. | 2,935 | 271,898 | ||||||
Snap-on, Inc. | 1,696 | 369,491 | ||||||
TriNet Group, Inc.(a) | 3,938 | 324,491 | ||||||
Triton International, Ltd. | 5,220 | 311,060 | ||||||
UFP Industries, Inc. | 4,037 | 320,497 |
Security Description | Shares | Value | ||||||
Industrials (continued) | ||||||||
Union Pacific Corp. | 1,314 | $ | 295,006 | |||||
United Parcel Service, Inc., Class B | 1,633 | 317,635 | ||||||
United Rentals, Inc.(a) | 1,048 | 306,058 | ||||||
Watsco, Inc. | 1,176 | 319,907 | ||||||
Werner Enterprises, Inc. | 8,122 | 323,174 | ||||||
WW Grainger, Inc. | 692 | 384,019 | ||||||
Total Industrials | 20,054,292 | |||||||
Information Technology (13.37%) | ||||||||
Adobe, Inc.(a) | 815 | 304,354 | ||||||
Advanced Micro Devices, Inc.(a) | 3,157 | 267,935 | ||||||
Akamai Technologies, Inc.(a) | 3,147 | 284,111 | ||||||
Alpha & Omega Semiconductor, Ltd.(a) | 7,122 | 275,337 | ||||||
Amkor Technology, Inc. | 16,019 | 322,462 | ||||||
Amphenol Corp., Class A | 4,706 | 346,032 | ||||||
Apple, Inc. | 2,222 | 349,343 | ||||||
Applied Materials, Inc. | 2,795 | 262,926 | ||||||
Arista Networks, Inc.(a) | 2,838 | 340,219 | ||||||
Automatic Data Processing, Inc. | 1,612 | 393,989 | ||||||
Axcelis Technologies, Inc.(a) | 5,298 | 354,648 | ||||||
Badger Meter, Inc. | 3,664 | 346,944 | ||||||
Broadcom, Inc. | 582 | 290,482 | ||||||
Cadence Design Systems, Inc.(a) | 2,418 | 420,176 | ||||||
Ciena Corp.(a) | 6,094 | 309,210 | ||||||
Cisco Systems, Inc. | 6,186 | 276,638 | ||||||
Clearfield, Inc.(a) | 5,817 | 675,412 | ||||||
Cognex Corp. | 5,120 | 215,603 | ||||||
Cognizant Technology Solutions Corp., Class A | 3,875 | 244,784 | ||||||
Corning, Inc. | 9,416 | 323,157 | ||||||
Diodes, Inc.(a) | 4,059 | 288,879 | ||||||
Entegris, Inc. | 2,770 | 262,818 | ||||||
Fair Isaac Corp.(a) | 717 | 322,220 | ||||||
FleetCor Technologies, Inc.(a) | 1,491 | 316,882 | ||||||
Fortinet, Inc.(a) | 6,067 | 295,402 | ||||||
Gartner, Inc.(a) | 1,224 | 349,232 | ||||||
Global Payments, Inc. | 2,684 | 333,433 | ||||||
GoDaddy, Inc., Class A(a) | 4,541 | 344,299 | ||||||
Intel Corp. | 7,685 | 245,305 | ||||||
Intuit, Inc. | 780 | 336,788 | ||||||
Jack Henry & Associates, Inc. | 1,925 | 369,985 | ||||||
Keysight Technologies, Inc.(a) | 2,302 | 377,275 | ||||||
KLA Corp. | 1,027 | 353,421 | ||||||
Mastercard, Inc., Class A | 1,028 | 333,452 | ||||||
Microchip Technology, Inc. | 4,800 | 313,200 | ||||||
Micron Technology, Inc. | 4,717 | 266,652 | ||||||
Microsoft Corp. | 1,197 | 312,980 | ||||||
MKS Instruments, Inc. | 2,390 | 238,068 | ||||||
Monolithic Power Systems, Inc. | 815 | 369,342 | ||||||
NetApp, Inc. | 4,194 | 302,513 | ||||||
NVIDIA Corp. | 1,527 | 230,485 | ||||||
ON Semiconductor Corp.(a) | 6,082 | 418,259 | ||||||
Onto Innovation, Inc.(a) | 4,434 | 314,770 | ||||||
Paychex, Inc. | 2,851 | 351,642 | ||||||
Photronics, Inc.(a) | 21,047 | 353,590 | ||||||
Power Integrations, Inc. | 3,917 | 280,183 |
Security Description | Shares | Value | ||||||
Information Technology (continued) | ||||||||
Qorvo, Inc.(a) | 2,840 | $ | 254,975 | |||||
QUALCOMM, Inc. | 2,385 | 315,464 | ||||||
SS&C Technologies Holdings, Inc. | 4,496 | 250,697 | ||||||
Synopsys, Inc.(a) | 1,204 | 416,608 | ||||||
Teledyne Technologies, Inc.(a) | 804 | 296,161 | ||||||
Texas Instruments, Inc. | 1,995 | 329,594 | ||||||
Visa, Inc., Class A, Class A | 1,666 | 331,051 | ||||||
Zebra Technologies Corp., Class A(a) | 887 | 267,555 | ||||||
Total Information Technology | 17,346,942 | |||||||
Materials (6.10%) | ||||||||
Alcoa Corp. | 4,667 | 230,923 | ||||||
Ball Corp. | 3,813 | 212,804 | ||||||
Celanese Corp. | 2,485 | 275,487 | ||||||
CF Industries Holdings, Inc. | 3,629 | 375,456 | ||||||
Cliffs Natural Resources, Inc.(a) | 13,597 | 234,820 | ||||||
Commercial Metals Co. | 8,425 | 341,297 | ||||||
Dow Chemical Co. | 5,861 | 298,911 | ||||||
Eagle Materials, Inc. | 2,582 | 308,859 | ||||||
FMC Corp. | 2,699 | 291,708 | ||||||
Freeport-McMoRan, Inc. | 7,778 | 230,229 | ||||||
Greif, Inc., Class A | 5,850 | 392,242 | ||||||
Hawkins, Inc. | 7,533 | 288,665 | ||||||
Huntsman Corp. | 8,934 | 250,331 | ||||||
Louisiana-Pacific Corp. | 4,993 | 270,770 | ||||||
Mesabi Trust(b) | 13,540 | 345,270 | ||||||
Mosaic Co. | 5,849 | 315,086 | ||||||
Nucor Corp. | 2,574 | 342,188 | ||||||
Olin Corp. | 6,838 | 373,765 | ||||||
Packaging Corp. of America | 2,263 | 309,850 | ||||||
Reliance Steel & Aluminum Co. | 1,802 | 338,740 | ||||||
Royal Gold, Inc. | 2,564 | 235,632 | ||||||
Schnitzer Steel Industries, Inc., Class A | 7,180 | 237,227 | ||||||
Southern Copper Corp. | 5,036 | 237,044 | ||||||
Steel Dynamics, Inc. | 4,724 | 381,321 | ||||||
TimkenSteel Corp.(a) | 17,360 | 266,302 | ||||||
United States Steel Corp. | 10,656 | 243,703 | ||||||
Westlake Corp. | 2,968 | 292,734 | ||||||
Total Materials | 7,921,364 | |||||||
Real Estate (0.63%) | ||||||||
CBRE Group, Inc., Class A(a) | 3,948 | 311,734 | ||||||
Marcus & Millichap, Inc. | 7,435 | 277,921 | ||||||
Newmark Group, Inc., Class A | 22,213 | 227,683 | ||||||
Total Real Estate | 817,338 | |||||||
Utilities (0.27%) | ||||||||
CMS Energy Corp. | 5,084 | 343,373 | ||||||
TOTAL COMMON STOCKS | ||||||||
(Cost $123,949,705) | 126,374,136 |
Security Description | Shares | Value | ||||||
LIMITED PARTNERSHIPS (1.91%) | ||||||||
Energy (1.40%) | ||||||||
Cheniere Energy Partners LP | 7,348 | 375,777 |
Security Description | Shares | Value | ||||||
Energy (continued) | ||||||||
Enterprise Products Partners LP | 14,263 | $ | 375,402 | |||||
KKR & Co., LP | 6,663 | 336,881 | ||||||
Magellan Midstream Partners LP | 7,318 | 377,828 | ||||||
MPLX LP | 10,962 | 357,581 | ||||||
Total Energy | 1,823,469 | |||||||
Financials (0.20%) | ||||||||
Carlyle Group, Inc. | 7,981 | 259,622 | ||||||
Materials (0.31%) | ||||||||
CVR Partners LP | 3,242 | 402,753 | ||||||
TOTAL LIMITED PARTNERSHIPS | ||||||||
(Cost $2,630,922) | 2,485,844 |
7 Day Yield | Shares | Value | ||||||||||
SHORT TERM INVESTMENTS (2.19%) | ||||||||||||
Money Market Fund (0.61%) | ||||||||||||
State Street Institutional Treasury Plus Money Market Fund | ||||||||||||
(Cost $789,912) | 2.25% | 789,912 | 789,912 | |||||||||
Investments Purchased with Collateral from Securities Loaned (1.58%) | ||||||||||||
State Street Navigator Securities Lending Government Money Market Portfolio, 2.34% | ||||||||||||
(Cost $2,053,933) | 2,053,933 | 2,053,933 | ||||||||||
TOTAL SHORT TERM INVESTMENTS | ||||||||||||
(Cost $2,843,845) | 2,843,845 | |||||||||||
TOTAL INVESTMENTS (101.50%) | ||||||||||||
(Cost $129,424,472) | $ | 131,703,825 | ||||||||||
LIABILITIES IN EXCESS OF OTHER ASSETS (-1.50%) | (1,940,664 | ) | ||||||||||
NET ASSETS - 100.00% | $ | 129,763,161 |
(a) | Non-income producing security. |
(b) | Security, or a portion of the security position is currently on loan. The total market value of securities on loan is $3,166,248. |
See Notes to Quarterly Schedule of Investments.
RiverFront Dynamic Core Income ETF
Schedule of Investments
As of August 31, 2022 (Unaudited)
Security Description | Principal Amount | Value | ||||||
CORPORATE BONDS (64.56%) | ||||||||
Communications (8.04%) | ||||||||
AT&T, Inc. | ||||||||
2.55%, 12/01/2033 | $ | 1,317,000 | $ | 1,053,859 | ||||
Charter Communications Operating LLC / Charter Communications Operating Capital | ||||||||
4.91%, 07/23/2025 | 718,000 | 717,610 | ||||||
Comcast Corp. | ||||||||
4.15%, 10/15/2028 | 712,000 | 706,382 | ||||||
Discovery Communications LLC | ||||||||
3.95%, 03/20/2028 | 1,323,000 | 1,218,277 | ||||||
Sirius XM Radio, Inc. | ||||||||
3.13%, 09/01/2026(a) | 813,000 | 725,098 | ||||||
Verizon Communications, Inc. | ||||||||
2.36%, 03/15/2032 | 711,000 | 583,827 | ||||||
Walt Disney Co. | ||||||||
2.00%, 09/01/2029 | 813,000 | 704,919 | ||||||
Total Communications | 5,709,972 | |||||||
Consumer Discretionary (6.48%) | ||||||||
Alibaba Group Holding, Ltd. | ||||||||
3.60%, 11/28/2024 | 152,000 | 149,891 | ||||||
3.40%, 12/06/2027 | 137,000 | 129,680 | ||||||
CoreCivic, Inc. | ||||||||
4.63%, 05/01/2023 | 145,000 | 144,113 | ||||||
Ford Motor Co. | ||||||||
9.63%, 04/22/2030 | 1,028,000 | 1,203,862 | ||||||
General Motors Financial Co., Inc. | ||||||||
3.70%, 05/09/2023 | 230,000 | 229,511 | ||||||
3.60%, 06/21/2030 | 707,000 | 614,129 | ||||||
Goodyear Tire & Rubber Co. | ||||||||
4.88%, 03/15/2027 | 718,000 | 675,153 | ||||||
Marriott International, Inc. | ||||||||
4.00%, 04/15/2028(b) | 125,000 | 119,313 | ||||||
Toyota Motor Credit Corp. | ||||||||
3.95%, 06/30/2025 | 1,340,000 | 1,339,223 | ||||||
Total Consumer Discretionary | 4,604,875 | |||||||
Consumer Staples (3.08%) | ||||||||
Anheuser-Busch InBev Worldwide, Inc. | ||||||||
4.00%, 04/13/2028 | 827,000 | 819,449 | ||||||
Dollar Tree, Inc. | ||||||||
4.00%, 05/15/2025 | 1,378,000 | 1,366,568 | ||||||
Total Consumer Staples | 2,186,017 | |||||||
Energy (6.97%) | ||||||||
Continental Resources, Inc. | ||||||||
3.80%, 06/01/2024 | 137,000 | 135,314 | ||||||
Enterprise Products Operating LLC | ||||||||
3.35%, 03/15/2023 | 230,000 | 229,653 | ||||||
Hess Midstream Operations LP | ||||||||
4.25%, 02/15/2030(a) | 718,000 | 617,129 |
Security Description | Principal Amount | Value | ||||||
Energy (continued) | ||||||||
Kinder Morgan Energy Partners LP | ||||||||
4.25%, 09/01/2024 | $ | 137,000 | $ | 136,963 | ||||
Marathon Oil Corp. | ||||||||
4.40%, 07/15/2027 | 1,374,000 | 1,337,027 | ||||||
Sabine Pass Liquefaction LLC | ||||||||
5.75%, 05/15/2024 | 1,323,000 | 1,343,529 | ||||||
Schlumberger Investment SA | ||||||||
3.65%, 12/01/2023 | 364,000 | 364,006 | ||||||
Shell International Finance BV | ||||||||
2.75%, 04/06/2030 | 718,000 | 646,695 | ||||||
Williams Cos., Inc. | ||||||||
3.90%, 01/15/2025 | 146,000 | 143,701 | ||||||
Total Energy | 4,954,017 | |||||||
Financials (27.88%) | ||||||||
Aflac, Inc. | ||||||||
3.63%, 11/15/2024 | 152,000 | 151,673 | ||||||
Bank of America Corp. | ||||||||
4.25%, 10/22/2026 | 1,085,000 | 1,070,255 | ||||||
Blackstone Private Credit Fund | ||||||||
3.25%, 03/15/2027 | 801,000 | 688,918 | ||||||
Chubb INA Holdings, Inc. | ||||||||
3.35%, 05/03/2026 | 219,000 | 214,670 | ||||||
Citigroup, Inc. | ||||||||
3M US L + 1.43%, 09/01/2023(c) | 230,000 | 230,000 | ||||||
4.45%, 09/29/2027 | 1,360,000 | 1,329,551 | ||||||
6.63%, 06/15/2032 | 452,000 | 492,589 | ||||||
Credit Suisse Group AG | ||||||||
4.55%, 04/17/2026 | 202,000 | 193,959 | ||||||
CubeSmart LP | ||||||||
2.25%, 12/15/2028 | 1,491,000 | 1,263,769 | ||||||
Discover Bank | ||||||||
4.65%, 09/13/2028 | 125,000 | 120,367 | ||||||
FNB Corp. | ||||||||
5.15%, 08/25/2025 | 1,500,000 | 1,502,413 | ||||||
FS KKR Capital Corp. | ||||||||
4.25%, 02/14/2025(a) | 1,423,000 | 1,354,283 | ||||||
Goldman Sachs Group, Inc. | ||||||||
3M US L + 0.75%, 02/23/2023(c) | 364,000 | 364,156 | ||||||
3M US L + 1.60%, 11/29/2023(c) | 230,000 | 231,962 | ||||||
5.95%, 01/15/2027 | 617,000 | 647,994 | ||||||
Host Hotels & Resorts LP | ||||||||
4.00%, 06/15/2025 | 976,000 | 943,999 | ||||||
HSBC Holdings PLC | ||||||||
4.30%, 03/08/2026 | 125,000 | 123,738 | ||||||
3.90%, 05/25/2026 | 152,000 | 148,193 | ||||||
4.38%, 11/23/2026 | 1,360,000 | 1,330,182 | ||||||
Iron Mountain, Inc. | ||||||||
4.88%, 09/15/2027(a) | 1,450,000 | 1,333,434 | ||||||
JPMorgan Chase & Co. | ||||||||
3M US L + 1.23%, 10/24/2023(c) | 508,000 | 508,508 | ||||||
4.25%, 10/01/2027 | 847,000 | 840,008 | ||||||
Lincoln National Corp. | ||||||||
3.35%, 03/09/2025 | 152,000 | 149,457 |
Security Description | Principal Amount | Value | ||||||
Financials (continued) | ||||||||
M&T Bank Corp. | ||||||||
3M US L + 0.68%, 07/26/2023(c) | $ | 230,000 | $ | 230,269 | ||||
Mitsubishi UFJ Financial Group, Inc. | ||||||||
3.85%, 03/01/2026 | 152,000 | 148,919 | ||||||
Mizuho Financial Group, Inc. | ||||||||
3M US L + 1.00%, 09/11/2024(c) | 445,000 | 444,543 | ||||||
Morgan Stanley | ||||||||
3M US L + 1.40%, 10/24/2023(c) | 445,000 | 445,424 | ||||||
5.00%, 11/24/2025 | 260,000 | 264,366 | ||||||
3.63%, 01/20/2027 | 343,000 | 334,059 | ||||||
NatWest Markets PLC | ||||||||
3.48%, 03/22/2025(a) | 837,000 | 814,021 | ||||||
PNC Financial Services Group, Inc. | ||||||||
3.15%, 05/19/2027 | 152,000 | 145,850 | ||||||
3.45%, 04/23/2029 | 707,000 | 671,573 | ||||||
Truist Bank | ||||||||
3.30%, 05/15/2026 | 152,000 | 146,234 | ||||||
Wells Fargo & Co. | ||||||||
3.00%, 04/22/2026 | 973,000 | 927,316 | ||||||
Total Financials | 19,806,652 | |||||||
Health Care (3.44%) | ||||||||
AbbVie, Inc. | ||||||||
3.20%, 11/21/2029 | 718,000 | 658,299 | ||||||
Cigna Corp. | ||||||||
3.00%, 07/15/2023 | 220,000 | 218,497 | ||||||
CVS Health Corp. | ||||||||
4.30%, 03/25/2028 | 258,000 | 255,653 | ||||||
HCA, Inc. | ||||||||
5.38%, 09/01/2026 | 718,000 | 720,879 | ||||||
Merck & Co., Inc. | ||||||||
2.80%, 05/18/2023 | 441,000 | 438,928 | ||||||
UnitedHealth Group, Inc. | ||||||||
3.75%, 07/15/2025 | 152,000 | 151,647 | ||||||
Total Health Care | 2,443,903 | |||||||
Industrials (2.81%) | ||||||||
3M Co. | ||||||||
3.25%, 02/14/2024 | 364,000 | 361,863 | ||||||
Boeing Co. | ||||||||
4.88%, 05/01/2025 | 1,358,000 | 1,363,078 | ||||||
CNH Industrial NV | ||||||||
4.50%, 08/15/2023 | 152,000 | 152,406 | ||||||
Textron, Inc. | ||||||||
3.65%, 03/15/2027 | 125,000 | 119,353 | ||||||
Total Industrials | 1,996,700 | |||||||
Materials (3.28%) | ||||||||
Ball Corp. | ||||||||
4.00%, 11/15/2023 | 1,385,000 | 1,372,203 | ||||||
DuPont de Nemours, Inc. | ||||||||
4.73%, 11/15/2028 | 718,000 | 725,981 |
Security Description | Principal Amount | Value | ||||||
Materials (continued) | ||||||||
Glencore Funding LLC | ||||||||
3.00%, 10/27/2022(a) | $ | 230,000 | $ | 229,512 | ||||
Total Materials | 2,327,696 | |||||||
Technology (2.09%) | ||||||||
Apple, Inc. | ||||||||
3.20%, 05/11/2027 | 718,000 | 702,028 | ||||||
Flex, Ltd. | ||||||||
5.00%, 02/15/2023 | 152,000 | 152,514 | ||||||
Oracle Corp. | ||||||||
3.25%, 11/15/2027 | 683,000 | 631,857 | ||||||
Total Technology | 1,486,399 | |||||||
Utilities (0.49%) | ||||||||
Dominion Energy, Inc. | ||||||||
4.25%, 06/01/2028 | 125,000 | 123,228 | ||||||
Southern Co. | ||||||||
2.95%, 07/01/2023 | 230,000 | 228,411 | ||||||
Total Utilities | 351,639 | |||||||
TOTAL CORPORATE BONDS | ||||||||
(Cost $50,309,704) | 45,867,870 | |||||||
GOVERNMENT BONDS (25.20%) | ||||||||
United States Treasury Bond | ||||||||
2.75%, 02/15/2028 | 4,461,000 | 4,331,700 | ||||||
2.88%, 05/15/2032 | 5,044,000 | 4,930,904 | ||||||
3.25%, 05/15/2042 | 5,044,000 | 4,844,603 | ||||||
United States Treasury Inflation Indexed Bonds | ||||||||
2.13%, 02/15/2040(d) | 242,274 | 288,646 | ||||||
United States Treasury Note | ||||||||
2.88%, 10/31/2023 | 1,327,000 | 1,318,784 | ||||||
3.00%, 10/31/2025 | 2,220,000 | 2,189,865 | ||||||
TOTAL GOVERNMENT BONDS | ||||||||
(Cost $18,463,875) | 17,904,502 |
7 Day Yield | Shares | Value | ||||||||||
SHORT TERM INVESTMENTS (9.30%) | ||||||||||||
Money Market Fund | ||||||||||||
State Street Institutional Treasury Plus Money Market Fund | 2.25% | 6,605,726 | 6,605,726 | |||||||||
TOTAL SHORT TERM INVESTMENTS | ||||||||||||
(Cost $6,605,726) | 6,605,726 | |||||||||||
TOTAL INVESTMENTS (99.06%) | ||||||||||||
(Cost $75,379,305) | $ | 70,378,098 | ||||||||||
OTHER ASSETS IN EXCESS OF LIABILITIES (0.94%) | 668,771 | |||||||||||
NET ASSETS - 100.00% | $ | 71,046,869 |
Investment Abbreviations:
LIBOR - London Interbank Offered Rate
Reference Rates:
3M US L - 3 Month LIBOR as of August 31, 2022 was 2.63%
(a) | Securities exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be sold in the ordinary course of business in transactions exempt from registration, normally to qualified institutional buyers. At period end, the aggregate market value of those securities was $5,073,477, representing 7.14% of net assets. |
(b) | Securities were purchased pursuant to Regulation S under the Securities Act of 1933, which exempts securities offered and sold outside of the United States from registration. Such securities cannot be sold in the United States without either an effective registration statement filed pursuant to the Securities Act of 1933, or pursuant to an exemption from registration. As of August 31, 2022, the market value of those securities was $119,313 representing 0.17% of net assets. |
(c) | Floating or variable rate security. Interest rate resets periodically on specific dates. The rate shown represents the coupon or interest rate in effect as of August 31, 2022. Security description includes the reference rate and spread if published and available. |
(d) | Principal amount of security is adjusted for inflation. |
See Notes to Quarterly Schedule of Investments.
RiverFront Dynamic US Dividend Advantage ETF |
Schedule of Investments |
As of August 31, 2022 (Unaudited) |
Security Description | Shares | Value | ||||||
COMMON STOCKS (99.63%) | ||||||||
Communication Services (5.11%) | ||||||||
Alphabet, Inc., Class C(a) | 18,190 | $ | 1,985,439 | |||||
AT&T, Inc. | 81,378 | 1,427,370 | ||||||
Lumen Technologies, Inc.(b) | 66,913 | 666,453 | ||||||
Verizon Communications, Inc. | 21,604 | 903,263 | ||||||
Total Communication Services | 4,982,525 | |||||||
Consumer Discretionary (4.85%) | ||||||||
Amazon.com, Inc.(a) | 29,707 | 3,765,956 | ||||||
PetMed Express, Inc.(b) | 47,244 | 971,809 | ||||||
Total Consumer Discretionary | 4,737,765 | |||||||
Consumer Staples (5.59%) | ||||||||
Altria Group, Inc. | 18,927 | 853,986 | ||||||
Coca-Cola Co. | 24,300 | 1,499,553 | ||||||
Colgate-Palmolive Co. | 16,550 | 1,294,376 | ||||||
Philip Morris International, Inc. | 4,176 | 398,766 | ||||||
Vector Group, Ltd. | 143,649 | 1,407,760 | ||||||
Total Consumer Staples | 5,454,441 | |||||||
Energy (10.31%) | ||||||||
Antero Midstream Corp. | 140,831 | 1,418,168 | ||||||
Devon Energy Corp. | 13,486 | 952,381 | ||||||
Equitrans Midstream Corp. | 189,725 | 1,758,751 | ||||||
Exxon Mobil Corp. | 33,377 | 3,190,507 | ||||||
Kinder Morgan, Inc. | 72,005 | 1,319,132 | ||||||
ONEOK, Inc. | 23,153 | 1,417,658 | ||||||
Total Energy | 10,056,597 | |||||||
Financials (16.88%) | ||||||||
AllianceBernstein Holding LP | 55,111 | 2,374,182 | ||||||
Annaly Capital Management, Inc. | 121,559 | 784,055 | ||||||
Artisan Partners Asset Management, Inc., Class A | 34,387 | 1,160,905 | ||||||
Bank of America Corp. | 30,525 | 1,025,945 | ||||||
Dynex Capital, Inc. | 36,839 | 571,373 | ||||||
Ellington Financial, Inc.(b) | 58,345 | 856,505 | ||||||
FNB Corp. | 51,436 | 613,117 | ||||||
Fulton Financial Corp. | 48,707 | 790,515 | ||||||
Navient Corp. | 32,763 | 504,223 | ||||||
OneMain Holdings, Inc. | 19,283 | 673,555 | ||||||
PennyMac Mortgage Investment Trust(b) | 55,076 | 817,879 | ||||||
Ready Capital Corp. | 63,051 | 825,968 | ||||||
Rithm Capital Corp. | 139,454 | 1,315,051 | ||||||
Starwood Property Trust, Inc. | 26,393 | 605,191 | ||||||
US Bancorp | 48,657 | 2,219,246 | ||||||
UWM Holdings Corp.(b) | 369,290 | 1,336,830 | ||||||
Total Financials | 16,474,540 | |||||||
Health Care (9.97%) | ||||||||
AbbVie, Inc. | 13,501 | 1,815,345 |
Security Description | Shares | Value | ||||||
Health Care (continued) | ||||||||
Bristol-Myers Squibb Co. | 26,906 | $ | 1,813,734 | |||||
Johnson & Johnson | 11,771 | 1,899,133 | ||||||
Merck & Co., Inc. | 40,201 | 3,431,557 | ||||||
Pfizer, Inc. | 17,097 | 773,297 | ||||||
Total Health Care | 9,733,066 | |||||||
Industrials (5.91%) | ||||||||
3M Co. | 3,545 | 440,821 | ||||||
Fastenal Co. | 26,301 | 1,323,729 | ||||||
MDU Resources Group, Inc. | 85,933 | 2,590,880 | ||||||
United Parcel Service, Inc., Class B | 7,249 | 1,410,003 | ||||||
Total Industrials | 5,765,433 | |||||||
Information Technology (27.69%) | ||||||||
Apple, Inc. | 42,905 | 6,745,524 | ||||||
Broadcom, Inc. | 3,892 | 1,942,536 | ||||||
Cisco Systems, Inc. | 55,989 | 2,503,828 | ||||||
Hewlett Packard Enterprise Co. | 177,997 | 2,420,759 | ||||||
Intel Corp. | 52,556 | 1,677,588 | ||||||
Microsoft Corp. | 26,529 | 6,936,538 | ||||||
NVIDIA Corp. | 7,990 | 1,206,011 | ||||||
Texas Instruments, Inc. | 15,621 | 2,580,745 | ||||||
Western Union Co. | 67,967 | 1,007,271 | ||||||
Total Information Technology | 27,020,800 | |||||||
Materials (0.84%) | ||||||||
Newmont Mining Corp. | 19,706 | 815,040 | ||||||
Real Estate (4.85%) | ||||||||
American Assets Trust, Inc. | 18,913 | 525,025 | ||||||
Iron Mountain, Inc. | 24,949 | 1,312,567 | ||||||
Piedmont Office Realty Trust, Inc., Class A | 54,580 | 642,952 | ||||||
SITE Centers Corp. | 34,409 | 445,941 | ||||||
Universal Health Realty Income Trust | 35,544 | 1,808,834 | ||||||
Total Real Estate | 4,735,319 | |||||||
Utilities (7.63%) | ||||||||
Clearway Energy, Inc., Class C | 18,861 | 699,743 | ||||||
Duke Energy Corp. | 27,355 | 2,924,523 | ||||||
Entergy Corp. | 11,150 | 1,285,595 | ||||||
PPL Corp. | 24,856 | 722,813 | ||||||
Southwest Gas Holdings, Inc. | 23,233 | 1,808,689 | ||||||
Total Utilities | 7,441,363 | |||||||
TOTAL COMMON STOCKS | ||||||||
(Cost $95,869,163) | 97,216,889 |
7 Day Yield | Shares | Value | ||||||||||
SHORT TERM INVESTMENTS (2.06%) | ||||||||||||
Money Market Fund (0.20%) | ||||||||||||
State Street Institutional Treasury Plus Money Market Fund | ||||||||||||
(Cost $200,551) | 2.25 | % | 200,551 | $ | 200,551 | |||||||
Investments Purchased with Collateral from Securities Loaned (1.86%) | ||||||||||||
State Street Navigator Securities Lending Government Money Market Portfolio, 2.34% | ||||||||||||
(Cost $1,816,551) | 1,816,551 | 1,816,551 | ||||||||||
TOTAL SHORT TERM INVESTMENTS | ||||||||||||
(Cost $2,017,102) | 2,017,102 | |||||||||||
TOTAL INVESTMENTS (101.69%) | ||||||||||||
(Cost $97,886,265) | $ | 99,233,991 | ||||||||||
LIABILITIES IN EXCESS OF OTHER ASSETS (-1.69%) | (1,653,459 | ) | ||||||||||
NET ASSETS - 100.00% | $ | 97,580,532 | ||||||||||
(a) | Non-income producing security. |
(b) | Security, or a portion of the security position is currently on loan. The total market value of securities on loan is $2,651,062. |
See Notes to Quarterly Schedule of Investments.
h
RiverFront Dynamic US Flex-Cap ETF |
Schedule of Investments |
As of August 31, 2022 (Unaudited) |
Security Description | Shares | Value | ||||||
COMMON STOCKS (99.79%) | ||||||||
Communication Services (5.59%) | ||||||||
Alphabet, Inc., Class A(a) | 4,126 | $ | 446,516 | |||||
Alphabet, Inc., Class C(a) | 1,962 | 214,152 | ||||||
Comcast Corp., Class A | 5,070 | 183,483 | ||||||
EverQuote, Inc., Class A(a) | 13,786 | 119,249 | ||||||
Interpublic Group of Cos., Inc. | 5,891 | 162,827 | ||||||
Magnite, Inc.(a) | 4,314 | 32,484 | ||||||
Meta Platforms, Inc., Class A(a) | 1,878 | 305,983 | ||||||
New York Times Co., Class A | 2,954 | 90,068 | ||||||
Sirius XM Holdings, Inc.(b) | 31,049 | 189,088 | ||||||
Total Communication Services | 1,743,850 | |||||||
Consumer Discretionary (6.56%) | ||||||||
Adtalem Global Education, Inc.(a) | 3,851 | 145,144 | ||||||
Amazon.com, Inc.(a) | 8,016 | 1,016,188 | ||||||
Choice Hotels International, Inc. | 732 | 83,968 | ||||||
Clarus Corp.(b) | 4,555 | 69,099 | ||||||
Home Depot, Inc. | 1,182 | 340,913 | ||||||
NIKE, Inc., Class B | 2,065 | 219,819 | ||||||
Tapestry, Inc. | 4,966 | 172,469 | ||||||
Total Consumer Discretionary | 2,047,600 | |||||||
Consumer Staples (6.52%) | ||||||||
Archer-Daniels-Midland Co. | 3,343 | 293,816 | ||||||
Coca-Cola Co. | 6,985 | 431,044 | ||||||
Colgate-Palmolive Co. | 3,047 | 238,306 | ||||||
Mondelez International, Inc., Class A | 4,712 | 291,484 | ||||||
Procter & Gamble Co. | 2,207 | 304,434 | ||||||
SpartanNash Co. | 4,921 | 149,746 | ||||||
Sprouts Farmers Market, Inc.(a) | 5,460 | 157,794 | ||||||
Walgreens Boots Alliance, Inc. | 4,774 | 167,377 | ||||||
Total Consumer Staples | 2,034,001 | |||||||
Energy (7.31%) | ||||||||
Aemetis, Inc.(a)(b) | 20,644 | 188,273 | ||||||
Archrock, Inc. | 16,721 | 123,568 | ||||||
Coterra Energy, Inc. | 8,045 | 248,671 | ||||||
Exxon Mobil Corp. | 5,935 | 567,327 | ||||||
Marathon Oil Corp. | 12,761 | 326,554 | ||||||
New Fortress Energy, Inc.(b) | 6,567 | 376,617 | ||||||
Transocean, Ltd.(a) | 52,237 | 189,098 | ||||||
Williams Cos., Inc. | 7,698 | 261,963 | ||||||
Total Energy | 2,282,071 | |||||||
Financials (10.35%) | ||||||||
Arbor Realty Trust, Inc. | 6,801 | 101,879 | ||||||
Bank of America Corp. | 7,633 | 256,545 | ||||||
Berkshire Hathaway, Inc., Class B(a) | 1,706 | 479,045 | ||||||
Central Pacific Financial Corp. | 4,524 | 98,578 | ||||||
Cincinnati Financial Corp. | 1,757 | 170,359 | ||||||
First Commonwealth Financial Corp. | 8,273 | 111,520 |
Security Description | Shares | Value | ||||||
Financials (continued) | ||||||||
Hope Bancorp, Inc. | 8,799 | $ | 127,322 | |||||
JPMorgan Chase & Co. | 3,331 | 378,835 | ||||||
Kearny Financial Corp. | 9,466 | 107,534 | ||||||
KeyCorp | 9,289 | 164,322 | ||||||
Markel Corp.(a) | 186 | 222,104 | ||||||
OceanFirst Financial Corp. | 6,462 | 125,621 | ||||||
Provident Financial Services, Inc. | 5,275 | 122,538 | ||||||
Regions Financial Corp. | 9,128 | 197,804 | ||||||
Travelers Cos., Inc. | 1,444 | 233,408 | ||||||
US Bancorp | 4,382 | 199,863 | ||||||
Willis Towers Watson PLC | 31 | 6,412 | ||||||
WSFS Financial Corp. | 2,577 | 124,598 | ||||||
Total Financials | 3,228,287 | |||||||
Health Care (17.00%) | ||||||||
Abbott Laboratories | 2,708 | 277,976 | ||||||
AbbVie, Inc. | 3,086 | 414,944 | ||||||
Cigna Corp. | 822 | 232,996 | ||||||
CVS Health Corp. | 2,999 | 294,352 | ||||||
Exelixis, Inc.(a) | 8,703 | 154,391 | ||||||
Johnson & Johnson | 2,971 | 479,341 | ||||||
Merck & Co., Inc. | 4,107 | 350,573 | ||||||
Multiplan Corp.(a)(b) | 44,364 | 156,161 | ||||||
NeoGenomics, Inc.(a) | 3,994 | 40,140 | ||||||
Pacific Biosciences of California, Inc.(a)(b) | 5,808 | 34,035 | ||||||
Pfizer, Inc. | 9,668 | 437,284 | ||||||
Quest Diagnostics, Inc. | 1,292 | 161,901 | ||||||
Regeneron Pharmaceuticals, Inc.(a) | 279 | 162,116 | ||||||
Signify Health, Inc., Class A(a) | 13,209 | 368,531 | ||||||
TransMedics Group, Inc.(a) | 9,518 | 495,222 | ||||||
UnitedHealth Group, Inc. | 1,215 | 630,986 | ||||||
Vertex Pharmaceuticals, Inc.(a) | 853 | 240,341 | ||||||
Zoetis, Inc. | 1,574 | 246,378 | ||||||
Zynex, Inc.(b) | 14,409 | 128,816 | ||||||
Total Health Care | 5,306,484 | |||||||
Industrials (8.54%) | ||||||||
ACCO Brands Corp. | 15,533 | 92,111 | ||||||
Air Transport Services Group, Inc.(a) | 4,780 | 144,021 | ||||||
Boise Cascade Co. | 2,752 | 171,532 | ||||||
BWX Technologies, Inc. | 2,244 | 116,980 | ||||||
CACI International, Inc., Class A(a) | 551 | 154,759 | ||||||
Casella Waste Systems, Inc., Class A(a) | 2,307 | 189,013 | ||||||
Cintas Corp. | 507 | 206,268 | ||||||
CoreCivic, Inc.(a) | 11,730 | 111,787 | ||||||
CRA International, Inc. | 1,262 | 115,359 | ||||||
Gorman-Rupp Co. | 2,729 | 72,073 | ||||||
Heidrick & Struggles International, Inc. | 3,480 | 99,041 | ||||||
Matson, Inc. | 2,431 | 179,068 | ||||||
Oshkosh Corp. | 1,315 | 104,884 | ||||||
Rush Enterprises, Inc., Class A | 2,168 | 102,026 | ||||||
Snap-on, Inc. | 134 | 29,193 | ||||||
Standex International Corp. | 1,211 | 109,487 | ||||||
Trinity Industries, Inc. | 5,277 | 128,653 |
Security Description | Shares | Value | ||||||
Industrials (continued) | ||||||||
United Parcel Service, Inc., Class B | 1,914 | $ | 372,292 | |||||
Univar Solutions, Inc.(a) | 6,559 | 165,418 | ||||||
Total Industrials | 2,663,965 | |||||||
Information Technology (27.91%) | ||||||||
Adobe, Inc.(a) | 54 | 20,166 | ||||||
Advanced Micro Devices, Inc.(a) | 3,065 | 260,127 | ||||||
Amdocs, Ltd. | 2,722 | 232,649 | ||||||
Apple, Inc. | 12,627 | 1,985,217 | ||||||
Block, Inc., Class A(a) | 1,398 | 96,336 | ||||||
Broadcom, Inc. | 683 | 340,892 | ||||||
Cisco Systems, Inc. | 6,367 | 284,732 | ||||||
Cloudflare, Inc., Class A(a) | 2,804 | 175,446 | ||||||
Crowdstrike Holdings, Inc., Class A(a) | 1,293 | 236,115 | ||||||
Ebix, Inc.(b) | 2,566 | 66,767 | ||||||
Enphase Energy, Inc.(a) | 790 | 226,288 | ||||||
Identiv, Inc.(a) | 15,395 | 229,693 | ||||||
Knowles Corp.(a) | 5,696 | 86,294 | ||||||
Mastercard, Inc., Class A | 1,318 | 427,520 | ||||||
Maximus, Inc. | 1,727 | 104,639 | ||||||
Methode Electronics, Inc. | 2,742 | 110,941 | ||||||
Microsoft Corp. | 5,718 | 1,495,086 | ||||||
NCR Corp.(a) | 4,325 | 134,291 | ||||||
NortonLifeLock, Inc. | 10,819 | 244,401 | ||||||
NVIDIA Corp. | 1,159 | 174,940 | ||||||
Progress Software Corp. | 2,555 | 122,972 | ||||||
QUALCOMM, Inc. | 1,837 | 242,980 | ||||||
Salesforce.com, Inc.(a) | 1,703 | 265,872 | ||||||
SolarEdge Technologies, Inc.(a) | 1,066 | 294,184 | ||||||
Texas Instruments, Inc. | 1,670 | 275,901 | ||||||
Visa, Inc., Class A | 2,342 | 465,379 | ||||||
Xperi Corp. | 6,884 | 109,525 | ||||||
Total Information Technology | 8,709,353 | |||||||
Materials (5.02%) | ||||||||
American Vanguard Corp. | 8,511 | 169,624 | ||||||
FMC Corp. | 1,888 | 204,055 | ||||||
Glatfelter Corp. | 7,342 | 35,755 | ||||||
Mosaic Co. | 4,479 | 241,284 | ||||||
Myers Industries, Inc. | 6,209 | 119,958 | ||||||
Nucor Corp. | 1,873 | 248,997 | ||||||
O-I, Inc.(a) | 15,636 | 203,424 | ||||||
Sealed Air Corp. | 281 | 15,121 | ||||||
SunCoke Energy, Inc. | 19,404 | 127,872 | ||||||
United States Steel Corp. | 8,722 | 199,472 | ||||||
Total Materials | 1,565,562 | |||||||
Real Estate (2.69%) | ||||||||
Duke Realty Corp. | 3,411 | 200,737 | ||||||
Highwoods Properties, Inc. | 3,043 | 92,538 | ||||||
Kilroy Realty Corp. | 3,784 | 184,546 | ||||||
Kimco Realty Corp. | 8,846 | 186,474 | ||||||
SL Green Realty Corp. | 1,876 | 82,863 | ||||||
Uniti Group, Inc. | 9,922 | 93,167 | ||||||
Total Real Estate | 840,325 | |||||||
Utilities (2.30%) | ||||||||
Duke Energy Corp. | 1,169 | 124,978 | ||||||
National Fuel Gas Co. | 2,245 | 160,001 |
Security Description | Shares | Value | ||||||||||
Utilities (continued) | ||||||||||||
OGE Energy Corp. | 6,983 | $ | 283,091 | |||||||||
Southwest Gas Holdings, Inc. | 1,939 | 150,951 | ||||||||||
Total Utilities | 719,021 | |||||||||||
TOTAL COMMON STOCKS | ||||||||||||
(Cost $30,430,291) | 31,140,519 |
7 Day Yield | Shares | Value | ||||||||||
SHORT TERM INVESTMENTS (1.49%) | ||||||||||||
Money Market Fund (0.09%) | ||||||||||||
State Street Institutional Treasury Plus Money Market Fund | ||||||||||||
(Cost $28,956) | 2.25 | % | 28,956 | 28,956 | ||||||||
Investments Purchased with Collateral from Securities Loaned (1.40%) | ||||||||||||
State Street Navigator Securities Lending Government Money Market Portfolio, 2.34% | ||||||||||||
(Cost $437,098) | 437,098 | 437,098 | ||||||||||
TOTAL SHORT TERM INVESTMENTS | ||||||||||||
(Cost $466,054) | 466,054 | |||||||||||
TOTAL INVESTMENTS (101.28%) | ||||||||||||
(Cost $30,896,345) | $ | 31,606,573 | ||||||||||
LIABILITIES IN EXCESS OF OTHER ASSETS (-1.28%) | (400,701 | ) | ||||||||||
NET ASSETS - 100.00% | $ | 31,205,872 |
(a) | Non-income producing security. |
(b) | Security, or a portion of the security position is currently on loan. The total market value of securities on loan is $748,115. |
See Notes to Quarterly Schedule of Investments.
RiverFront Strategic Income Fund |
Schedule of Investments |
As of August 31, 2022 (Unaudited) |
Security Description | Principal Amount | Value | ||||||
CORPORATE BONDS (79.22%) | ||||||||
Communications (6.00%) | ||||||||
AMC Networks, Inc. | ||||||||
5.00%, 04/01/2024 | $ | 384,000 | $ | 374,942 | ||||
4.75%, 08/01/2025 | 464,000 | 430,379 | ||||||
CCO Holdings LLC / CCO Holdings Capital Corp. | ||||||||
5.50%, 05/01/2026(a) | 526,000 | 521,408 | ||||||
CSC Holdings LLC | ||||||||
5.50%, 04/15/2027(a) | 985,000 | 935,272 | ||||||
Level 3 Financing, Inc. | ||||||||
3.75%, 07/15/2029(a) | 1,160,000 | 933,452 | ||||||
Netflix, Inc. | ||||||||
4.38%, 11/15/2026 | 914,000 | 887,777 | ||||||
Sirius XM Radio, Inc. | ||||||||
3.13%, 09/01/2026(a) | 955,000 | 851,745 | ||||||
T-Mobile USA, Inc. | ||||||||
2.63%, 04/15/2026 | 1,779,000 | 1,647,541 | ||||||
WMG Acquisition Corp. | ||||||||
3.75%, 12/01/2029(a) | 914,000 | 782,613 | ||||||
Total Communications | 7,365,129 | |||||||
Consumer Discretionary (14.53%) | ||||||||
Air Canada | ||||||||
3.88%, 08/15/2026(a) | 1,008,000 | 900,829 | ||||||
Aramark Services, Inc. | ||||||||
6.38%, 05/01/2025(a) | 1,008,000 | 1,000,450 | ||||||
Caesars Entertainment, Inc. | ||||||||
6.25%, 07/01/2025(a) | 1,192,000 | 1,165,418 | ||||||
DR Horton, Inc. | ||||||||
4.38%, 09/15/2022 | 1,586,000 | 1,585,717 | ||||||
Ford Motor Credit Co. LLC | ||||||||
2.30%, 02/10/2025 | 1,360,000 | 1,241,680 | ||||||
Goodyear Tire & Rubber Co. | ||||||||
5.00%, 05/31/2026 | 1,214,000 | 1,172,985 | ||||||
Hilton Domestic Operating Co., Inc. | ||||||||
3.75%, 05/01/2029(a) | 1,105,000 | 955,483 | ||||||
International Game Technology PLC | ||||||||
6.50%, 02/15/2025(a) | 1,046,000 | 1,039,468 | ||||||
Las Vegas Sands Corp. | ||||||||
3.20%, 08/08/2024 | 886,000 | 839,166 | ||||||
Lennar Corp. | ||||||||
4.75%, 11/29/2027 | 1,105,000 | 1,079,862 | ||||||
MGM Resorts International | ||||||||
6.00%, 03/15/2023 | 1,192,000 | 1,193,622 | ||||||
Newell Brands, Inc. | ||||||||
4.10%, 04/01/2023 | 364,000 | 363,108 | ||||||
4.45%, 04/01/2026 | 914,000 | 860,778 | ||||||
Nissan Motor Co., Ltd. | ||||||||
3.52%, 09/17/2025(a) | 1,105,000 | 1,050,531 | ||||||
PulteGroup, Inc. | ||||||||
5.50%, 03/01/2026 | 1,470,000 | 1,491,475 |
Security Description | Principal Amount | Value | ||||||
Consumer Discretionary (continued) | ||||||||
Royal Caribbean Cruises, Ltd. | ||||||||
10.88%, 06/01/2023(a) | $ | 1,237,000 | $ | 1,261,010 | ||||
Six Flags Entertainment Corp. | ||||||||
4.88%, 07/31/2024(a) | 663,000 | 637,101 | ||||||
Total Consumer Discretionary | 17,838,683 | |||||||
Consumer Staples (2.34%) | ||||||||
Anheuser-Busch InBev Worldwide, Inc. | ||||||||
4.75%, 01/23/2029 | 1,008,000 | 1,031,116 | ||||||
JBS USA LUX SA / JBS USA Food Co. / JBS USA Finance, Inc. | ||||||||
2.50%, 01/15/2027(a) | 914,000 | 821,416 | ||||||
Spectrum Brands, Inc. | ||||||||
5.75%, 07/15/2025 | 30,000 | 29,306 | ||||||
US Foods, Inc. | ||||||||
6.25%, 04/15/2025(a) | 985,000 | 991,092 | ||||||
Total Consumer Staples | 2,872,930 | |||||||
Energy (4.05%) | ||||||||
Cheniere Corpus Christi Holdings LLC | ||||||||
7.00%, 06/30/2024 | 1,163,000 | 1,196,541 | ||||||
DCP Midstream Operating LP | ||||||||
5.38%, 07/15/2025 | 955,000 | 954,714 | ||||||
Petroleos Mexicanos | ||||||||
4.88%, 01/18/2024 | 975,000 | 960,916 | ||||||
Reliance Industries, Ltd. | ||||||||
4.13%, 01/28/2025(a) | 904,000 | 897,284 | ||||||
Schlumberger Holdings Corp. | ||||||||
3.90%, 05/17/2028(a) | 1,008,000 | 966,667 | ||||||
Total Energy | 4,976,122 | |||||||
Financials (25.57%) | ||||||||
Air Lease Corp. | ||||||||
4.25%, 02/01/2024 | 922,000 | 920,402 | ||||||
Ares Capital Corp. | ||||||||
3.50%, 02/10/2023 | 1,108,000 | 1,103,502 | ||||||
Avolon Holdings Funding, Ltd. | ||||||||
2.53%, 11/18/2027(a) | 1,040,000 | 851,721 | ||||||
Bancolombia SA | ||||||||
5.13%, 09/11/2022 | 910,000 | 909,745 | ||||||
Bank of America Corp. | ||||||||
4.25%, 10/22/2026 | 1,509,000 | 1,488,493 | ||||||
Blackstone Secured Lending Fund | ||||||||
3.63%, 01/15/2026 | 1,092,000 | 1,026,239 | ||||||
Capital One Financial Corp. | ||||||||
4.20%, 10/29/2025 | 1,008,000 | 996,501 | ||||||
Citigroup, Inc. | ||||||||
4.45%, 09/29/2027 | 1,509,000 | 1,475,215 | ||||||
EPR Properties | ||||||||
4.75%, 12/15/2026 | 955,000 | 901,292 | ||||||
FS KKR Capital Corp. | ||||||||
3.40%, 01/15/2026 | 1,105,000 | 1,007,578 | ||||||
GLP Capital LP / GLP Financing II, Inc. | ||||||||
3.35%, 09/01/2024 | 886,000 | 847,094 |
Security Description | Principal Amount | Value | ||||||
Financials (continued) | ||||||||
Goldman Sachs Group, Inc. | ||||||||
4.25%, 10/21/2025 | $ | 1,509,000 | $ | 1,491,414 | ||||
HAT Holdings I LLC / HAT Holdings II LLC | ||||||||
3.38%, 06/15/2026(a) | 1,029,000 | 894,592 | ||||||
Icahn Enterprises LP / Icahn Enterprises Finance Corp. | ||||||||
4.75%, 09/15/2024 | 1,193,000 | 1,136,452 | ||||||
Iron Mountain, Inc. | ||||||||
4.88%, 09/15/2027(a) | 1,054,000 | 969,269 | ||||||
iStar, Inc. | ||||||||
4.75%, 10/01/2024 | 1,245,000 | 1,247,104 | ||||||
JPMorgan Chase & Co. | ||||||||
4.25%, 10/01/2027 | 1,509,000 | 1,496,543 | ||||||
Morgan Stanley | ||||||||
3M US L + 0.847%, 04/24/2024(b) | 1,914,000 | 1,906,336 | ||||||
MPT Operating Partnership LP / MPT Finance Corp. | ||||||||
5.25%, 08/01/2026 | 886,000 | 850,829 | ||||||
NatWest Markets PLC | ||||||||
3.48%, 03/22/2025(a) | 919,000 | 893,770 | ||||||
Newmark Group, Inc. | ||||||||
6.13%, 11/15/2023 | 1,173,000 | 1,174,782 | ||||||
Omega Healthcare Investors, Inc. | ||||||||
4.38%, 08/01/2023 | 298,000 | 296,233 | ||||||
5.25%, 01/15/2026 | 615,000 | 610,921 | ||||||
OneMain Finance Corp. | ||||||||
6.13%, 03/15/2024 | 1,192,000 | 1,165,287 | ||||||
Santander Holdings USA, Inc. | ||||||||
3.50%, 06/07/2024 | 460,000 | 452,554 | ||||||
SBA Communications Corp. | ||||||||
3.88%, 02/15/2027 | 1,412,000 | 1,289,324 | ||||||
Starwood Property Trust, Inc. | ||||||||
4.75%, 03/15/2025 | 914,000 | 871,600 | ||||||
VICI Properties LP / VICI Note Co., Inc. | ||||||||
4.25%, 12/01/2026(a) | 1,308,000 | 1,225,164 | ||||||
Wells Fargo & Co. | ||||||||
3.30%, 09/09/2024 | 1,914,000 | 1,891,851 | ||||||
Total Financials | 31,391,807 | |||||||
Health Care (1.08%) | ||||||||
DaVita, Inc. | ||||||||
4.63%, 06/01/2030(a) | 1,054,000 | 849,808 | ||||||
HCA, Inc. | ||||||||
5.38%, 02/01/2025 | 464,000 | 468,995 | ||||||
Total Health Care | 1,318,803 | |||||||
Industrials (5.08%) | ||||||||
Boeing Co. | ||||||||
4.88%, 05/01/2025 | 1,105,000 | 1,109,132 | ||||||
MasTec, Inc. | ||||||||
4.50%, 08/15/2028(a) | 1,024,000 | 942,638 | ||||||
Sensata Technologies BV | ||||||||
5.00%, 10/01/2025(a) | 914,000 | 896,566 | ||||||
Stericycle, Inc. | ||||||||
5.38%, 07/15/2024(a) | 956,000 | 936,851 |
Security Description | Principal Amount | Value | ||||||
Industrials (continued) | ||||||||
TransDigm, Inc. | ||||||||
6.25%, 03/15/2026(a) | $ | 985,000 | $ | 968,969 | ||||
WESCO Distribution, Inc. | ||||||||
7.13%, 06/15/2025(a) | 1,374,000 | 1,375,902 | ||||||
Total Industrials | 6,230,058 | |||||||
Materials (12.18%) | ||||||||
Alcoa Nederland Holding BV | ||||||||
4.13%, 03/31/2029(a) | 1,237,000 | 1,092,432 | ||||||
ArcelorMittal SA | ||||||||
3.60%, 07/16/2024 | 1,031,000 | 1,021,478 | ||||||
Arconic Corp. | ||||||||
6.00%, 05/15/2025(a) | 1,008,000 | 991,748 | ||||||
Ardagh Packaging Finance PLC / Ardagh Holdings USA, Inc. | ||||||||
5.25%, 04/30/2025(a) | 1,210,000 | 1,147,056 | ||||||
Ball Corp. | ||||||||
5.25%, 07/01/2025 | 762,000 | 761,051 | ||||||
4.88%, 03/15/2026 | 464,000 | 449,848 | ||||||
Berry Global, Inc. | ||||||||
4.88%, 07/15/2026(a) | 1,058,000 | 1,031,501 | ||||||
Braskem Finance, Ltd. | ||||||||
6.45%, 02/03/2024 | 431,000 | 438,938 | ||||||
Freeport-McMoRan, Inc. | ||||||||
3.88%, 03/15/2023 | 1,031,000 | 1,029,871 | ||||||
5.00%, 09/01/2027 | 500,000 | 493,773 | ||||||
Graphic Packaging International LLC | ||||||||
4.88%, 11/15/2022 | 1,359,000 | 1,360,621 | ||||||
Mauser Packaging Solutions Holding Co. | ||||||||
5.50%, 04/15/2024(a) | 398,000 | 385,793 | ||||||
Methanex Corp. | ||||||||
5.13%, 10/15/2027 | 985,000 | 898,379 | ||||||
NOVA Chemicals Corp. | ||||||||
4.88%, 06/01/2024(a) | 1,192,000 | 1,142,803 | ||||||
Novelis Corp. | ||||||||
3.25%, 11/15/2026(a) | 955,000 | 851,760 | ||||||
Sasol Financing International, Ltd. | ||||||||
4.50%, 11/14/2022 | 528,000 | 528,032 | ||||||
Sasol Financing USA LLC | ||||||||
4.38%, 09/18/2026 | 615,000 | 572,777 | ||||||
Standard Industries, Inc. | ||||||||
3.38%, 01/15/2031(a) | 1,008,000 | 750,500 | ||||||
Total Materials | 14,948,361 | |||||||
Technology (3.89%) | ||||||||
CDW LLC / CDW Finance Corp. | ||||||||
3.57%, 12/01/2031 | 914,000 | 769,416 | ||||||
Flex, Ltd. | ||||||||
5.00%, 02/15/2023 | 1,213,000 | 1,217,103 | ||||||
Microchip Technology, Inc. | ||||||||
4.25%, 09/01/2025 | 1,024,000 | 1,014,577 | ||||||
NortonLifeLock, Inc. | ||||||||
5.00%, 04/15/2025(a) | 787,000 | 776,769 |
Security Description | Principal Amount | Value | ||||||
Technology (continued) | ||||||||
Seagate HDD Cayman | ||||||||
4.75%, 06/01/2023 | $ | 1,008,000 | $ | 1,001,599 | ||||
Total Technology | 4,779,464 | |||||||
Utilities (4.50%) | ||||||||
AmeriGas Partners LP / AmeriGas Finance Corp. | ||||||||
5.88%, 08/20/2026 | 1,029,000 | 980,951 | ||||||
Calpine Corp. | ||||||||
5.25%, 06/01/2026(a) | 488,000 | 474,360 | ||||||
NextEra Energy Operating Partners LP | ||||||||
4.25%, 07/15/2024(a) | 1,370,000 | 1,322,905 | ||||||
NRG Energy, Inc. | ||||||||
3.75%, 06/15/2024(a) | 914,000 | 888,215 | ||||||
6.63%, 01/15/2027 | 338,000 | 336,285 | ||||||
Vistra Operations Co. LLC | �� | |||||||
3.55%, 07/15/2024(a) | 1,573,000 | 1,518,316 | ||||||
Total Utilities | 5,521,032 | |||||||
TOTAL CORPORATE BONDS | ||||||||
(Cost $104,926,451) | 97,242,389 | |||||||
GOVERNMENT BONDS (17.03%) | ||||||||
U.S. Treasury Note | ||||||||
2.50%, 05/31/2024 | 4,783,000 | 4,706,209 | ||||||
2.88%, 06/15/2025 | 4,783,000 | 4,707,144 | ||||||
3.25%, 06/30/2029 | 4,908,000 | 4,901,482 | ||||||
United States Treasury Bond | ||||||||
3.25%, 05/15/2042 | 6,868,000 | 6,596,498 | ||||||
TOTAL GOVERNMENT BONDS | ||||||||
(Cost $21,124,369) | 20,911,333 |
7 Day Yield | Shares | Value | ||||||||||
SHORT TERM INVESTMENTS (2.61%) | ||||||||||||
Money Market Fund | ||||||||||||
State Street Institutional Treasury Plus Money Market Fund | 2.25 | % | 3,200,484 | 3,200,484 | ||||||||
TOTAL SHORT TERM INVESTMENTS | ||||||||||||
(Cost $3,200,484) | 3,200,484 | |||||||||||
TOTAL INVESTMENTS (98.86%) | ||||||||||||
(Cost $129,251,304) | $ | 121,354,206 | ||||||||||
OTHER ASSETS IN EXCESS OF LIABILITIES (1.14%) | 1,395,348 | |||||||||||
NET ASSETS - 100.00% | $ | 122,749,554 |
Investment Abbreviations: |
LIBOR - London Interbank Offered Rate |
Reference Rates: |
3M US L - 3 Month LIBOR as of August 31, 2022 was 2.63% |
(a) | Securities exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be sold in the ordinary course of business in transactions exempt from registration, normally to qualified institutional buyers. At period end, the aggregate market value of those securities was 38,890,648, representing 31.68% of net assets. |
(b) | Floating or variable rate security. Interest rate resets periodically on specific dates. The rate shown represents the coupon or interest rate in effect as of August 31, 2022. Security description includes the reference rate and spread if published and available. |
See Notes to Quarterly Schedule of Investments.
ALPS ETF Trust
Notes to Quarterly Schedules of Investments
August 31, 2022 (Unaudited)
1. Portfolio Valuation
Shares of the ALPS Active REIT ETF are listed on the NASDAQ Stock Market LLC (“NASDAQ”). Shares of the Alerian Energy Infrastructure ETF, the Alerian MLP ETF, the ALPS Clean Energy ETF, ALPS Disruptive Technologies, the ALPS Emerging Sector Dividend Dogs ETF, the ALPS Equal Sector Weight ETF, the ALPS Global Travel Beneficiaries ETF, the ALPS Hillman Active Value ETF, the ALPS International Sector Dividend Dogs ETF, the ALPS Medical Breakthroughs ETF, the ALPS REIT Dividend Dogs ETF, the ALPS Sector Dividend Dogs ETF, the Barron’s 400 ETF, the ALPS Intermediate Municipal Bond ETF, the RiverFront Dynamic Core Income ETF, , the RiverFront Dynamic US Dividend Advantage ETF, the RiverFront Dynamic US Flex-Cap ETF, and the RiverFront Strategic Income Fund (each a “Fund” and along with ALPS Active REIT ETF collectively, the “Funds”) are listed on the New York Stock Exchange Arca, Inc. (“NYSE”). Each Fund’s Net Asset Value (“NAV”) is determined daily, as of the close of regular trading on the NYSE, normally 4:00 p.m. Eastern time, on each day the NYSE is open for trading. The NAV is computed by dividing the value of all assets of each Fund (including accrued interest and dividends), less all liabilities (including accrued expenses and dividends declared but unpaid), by the total number of shares outstanding.
Portfolio securities listed on any exchange other than the NASDAQ are valued at the last sale price on the business day as of which such value is being determined. If there has been no sale on such day, the securities are valued at the mean of the most recent bid and ask prices on such day. Securities traded on the NASDAQ are valued at the NASDAQ Official Closing Price as determined by NASDAQ. Portfolio securities traded on more than one securities exchange are valued at the last sale price on the business day as of which such value is being determined at the close of the exchange representing the principal market for such securities. Portfolio securities traded in the over-the-counter market, but excluding securities traded on the NASDAQ, are valued at the latest quoted sale price in such market. Fixed-income obligations are typically valued at the mean between the evaluated bid and ask prices formulated by an independent pricing service. Treasury Bills and Treasury Notes are typically valued at the mean between the evaluated bid and ask prices formulated by an independent pricing service. Listed put options are valued at the mean of the most recent bid and ask prices.
Each Fund’s investments are valued at market value or, in the absence of market value with respect to any portfolio securities, at fair value according to procedures adopted by the Trust’s Board of Trustees (the “Board”). When market quotations are not readily available or when events occur that make established valuation methods unreliable, securities of each Fund may be valued in good faith by or under the direction of the Board. These securities generally include, but are not limited to, restricted securities (securities which may not be publicly sold without registration under the Securities Act of 1933) for which a pricing service is unable to provide a market price; securities whose trading has been formally suspended; a security whose market price is not available from a pre-established primary pricing source or the pricing source is not willing to provide a price; a security with respect to which an event has occurred that is most likely to materially affect the value of the security after the market has closed but before the calculation of the Fund’s NAV or make it difficult or impossible to obtain a reliable market quotation; or a security whose price, as provided by the pricing service, does not reflect the security’s “fair value” due to the security being de-listed from a national exchange or the security’s primary trading market is temporarily closed at a time when, under normal conditions, it would be open. As a general principle, the current “fair value” of a security would be the amount which the owner might reasonably expect to receive from the sale on the applicable exchange or principal market. A variety of factors may be considered in determining the fair value of such securities.
The accounting records of each Fund are maintained in U.S. dollars.
Certain Funds may directly purchase securities of foreign issuers. Investments in non-U.S. issuers may involve unique risks compared to investing in securities of U.S. issuers, including, among others, greater market volatility than U.S. securities and less complete financial information than for U.S. issuers. In addition, adverse political, economic or social developments could undermine the value of a Fund’s investments or prevent a Fund from realizing the full value of its investments. Financial reporting standards for companies based in foreign markets differ from those in the United States. Finally, the value of the currency of the country in which a Fund has invested could decline relative to the value of the U.S. dollar, which may affect the value of the investment to U.S. investors.
Because foreign markets may be open on different days than the days during which investors may purchase the shares of each Fund, the value of each Fund’s securities may change on the days when investors are not able to purchase the shares of the Funds. The value of securities denominated in foreign currencies is converted into U.S. dollars using exchange rates determined daily as of the close of regular trading on the NYSE or NASDAQ. Any use of a different rate from the rates used by the Index may adversely affect a Fund’s ability to track their Index.
2. Fair Value Measurements
Each Fund discloses the classification of its fair value measurements following a three-tier hierarchy based on the inputs used to measure fair value. Inputs refer broadly to the assumptions that market participants would use in pricing the asset or liability, including assumptions about risk. Inputs may be observable or unobservable. Observable inputs reflect the assumptions market participants would use in pricing the asset or liability that are developed based on market data obtained from sources independent of the reporting entity. Unobservable inputs reflect the reporting entity’s own assumptions about the assumptions market participants would use in pricing the asset or liability that are developed based on the best information available.
Valuation techniques used to value each Fund’s investments by major category are as follows:
Equity securities, including restricted securities, Exchange Traded Funds, Closed-End Funds and Limited Partnerships, for which market quotations are readily available, are valued at the last reported sale price or official closing price as reported by a third party pricing vendor on the primary market or exchange on which they are traded and are categorized as Level 1 in the hierarchy. In the event there were no sales during the day or closing prices are not available, securities are valued at the mean of the most recent quoted bid and ask prices on such day and are generally categorized as Level 2 in the hierarchy. Investments in open-end mutual funds are valued at their closing NAV each business day and are categorized as Level 1 in the hierarchy.
Debt securities, including restricted securities, are valued based on evaluated prices received from third party pricing vendors or from brokers who make markets in such securities. For corporate bonds, pricing vendors utilize matrix pricing which considers yield or price of bonds of comparable quality, coupon, maturity and type as well as broker-supplied prices. When independent prices are unavailable or unreliable, debt securities may be valued utilizing pricing methodologies which consider similar factors that would be used by third party pricing vendors. Debt securities are generally categorized as Level 2 in the hierarchy but may be Level 3 depending on the circumstances. Certain Funds may invest a significant portion of its assets in below investment grade securities. The value of these securities can be more volatile due to changes in the credit quality of the issuer and is sensitive to changes in economic, market and regulatory conditions.
Treasury Bills and Treasury Notes are typically valued at the mean between the evaluated bid and ask prices formulated by an independent pricing service and are categorized as Level 2 in the hierarchy, due to their active trading, short-term maturity and liquidity.
Changes in valuation techniques may result in transfers in or out of an assigned level within the disclosure hierarchy.
Various inputs are used in determining the value of each Fund’s investments as of the end of the reporting period. When inputs used fall into different levels of the fair value hierarchy, the level in the hierarchy within which the fair value measurement falls is determined based on the lowest level input that is significant to the fair value measurement in its entirety. The designated input levels are not necessarily an indication of the risk or liquidity associated with these investments.
These inputs are categorized in the following hierarchy under applicable financial accounting standards:
Level 1 – | Unadjusted quoted prices in active markets for identical investments, unrestricted assets or liabilities that a Fund has the ability to access at the measurement date; | |
Level 2 – | Quoted prices which are not active, quoted prices for similar assets or liabilities in active markets or inputs other than quoted prices that are observable (either directly or indirectly) for substantially the full term of the asset or liability; and | |
Level 3 – | Significant unobservable prices or inputs (including the Fund’s own assumptions in determining the fair value of investments) where there is little or no market activity for the asset or liability at the measurement date. |
The following is a summary of the inputs used to value each Fund’s investments at August 31, 2022:
Alerian Energy Infrastructure ETF | ||||||||||||||||
Investments in Securities at Value | Level 1 - Quoted and Unadjusted Prices | Level 2 - Other Significant Observable Inputs | Level 3 - Significant Unobservable Inputs | Total | ||||||||||||
Canadian Energy Infrastructure Companies* | $ | 34,444,777 | $ | – | $ | – | $ | 34,444,777 | ||||||||
Exchange Traded Fund | 1,523,060 | – | – | 1,523,060 | ||||||||||||
U.S. Energy Infrastructure Companies* | 38,992,330 | – | – | 38,992,330 | ||||||||||||
U.S. Energy Infrastructure MLPs* | 33,249,616 | – | – | 33,249,616 | ||||||||||||
U.S. General Partners* | 20,249,251 | – | – | 20,249,251 | ||||||||||||
Short Term Investments | 2,643,679 | – | – | 2,643,679 | ||||||||||||
Total | $ | 131,102,713 | $ | – | $ | – | $ | 131,102,713 | ||||||||
Alerian MLP ETF | ||||||||||||||||
Investments in Securities at Value | Level 1 - Quoted and Unadjusted Prices | Level 2 - Other Significant Observable Inputs | Level 3 - Significant Unobservable Inputs | Total | ||||||||||||
Master Limited Partnerships* | $ | 6,607,089,759 | $ | – | $ | – | $ | 6,607,089,759 | ||||||||
Short Term Investments | 508,630 | – | – | 508,630 | ||||||||||||
Total | $ | 6,607,598,389 | $ | – | $ | – | $ | 6,607,598,389 | ||||||||
ALPS Active REIT ETF | ||||||||||||||||
Investments in Securities at Value | Level 1 - Quoted and Unadjusted Prices | Level 2 - Other Significant Observable Inputs | Level 3 - Significant Unobservable Inputs | Total | ||||||||||||
Common Stocks* | $ | 18,342,739 | $ | – | $ | – | $ | 18,342,739 | ||||||||
Short Term Investments | 227,223 | – | – | 227,223 | ||||||||||||
Total | $ | 18,569,962 | $ | – | $ | – | $ | 18,569,962 | ||||||||
ALPS Clean Energy ETF | ||||||||||||||||
Investments in Securities at Value | Level 1 - Quoted and Unadjusted Prices | Level 2 - Other Significant Observable Inputs | Level 3 - Significant Unobservable Inputs | Total | ||||||||||||
Common Stocks* | $ | 719,469,044 | $ | – | $ | – | $ | 719,469,044 | ||||||||
Master Limited Partnerships* | 87,590,183 | – | – | 87,590,183 | ||||||||||||
Short Term Investments | 153,411,068 | – | – | 153,411,068 | ||||||||||||
Total | $ | 960,470,295 | $ | – | $ | – | $ | 960,470,295 |
ALPS Disruptive Technologies ETF | ||||||||||||||||
Investments in Securities at Value | Level 1 - Quoted and Unadjusted Prices | Level 2 - Other Significant Observable Inputs | Level 3 - Significant Unobservable Inputs | Total | ||||||||||||
Common Stocks* | $ | 124,693,861 | $ | – | $ | – | $ | 124,693,861 | ||||||||
Master Limited Partnerships* | 1,326,182 | – | – | 1,326,182 | ||||||||||||
Short Term Investments | 2,982,565 | – | – | 2,982,565 | ||||||||||||
Total | $ | 129,002,608 | $ | – | $ | – | $ | 129,002,608 |
ALPS Emerging Sector Dividend Dogs ETF | ||||||||||||||||
Investments in Securities at Value | Level 1 - Quoted and Unadjusted Prices | Level 2 - Other Significant Observable Inputs | Level 3 - Significant Unobservable Inputs | Total | ||||||||||||
Common Stocks* | ||||||||||||||||
Russia | $ | – | $ | – | $ | 1,554 | $ | 1,554 | ||||||||
Other* | $ | 29,857,511 | – | – | $ | 29,857,511 | ||||||||||
Short Term Investments | 2,465,599 | – | – | 2,465,599 | ||||||||||||
Total | $ | 32,323,110 | $ | – | $ | 1,554 | $ | 32,324,664 |
ALPS Equal Sector Weight ETF | ||||||||||||||||
Investments in Securities at Value | Level 1 - Quoted and Unadjusted Prices | Level 2 - Other Significant Observable Inputs | Level 3 - Significant Unobservable Inputs | Total | ||||||||||||
Exchange Traded Funds* | $ | 298,727,627 | $ | – | $ | – | $ | 298,727,627 | ||||||||
Short Term Investments | 20,958,182 | – | – | 20,958,182 | ||||||||||||
Total | $ | 319,685,809 | $ | – | $ | – | $ | 319,685,809 |
ALPS Global Travel Beneficiaries ETF | ||||||||||||||||
Investments in Securities at Value | Level 1 - Quoted and Unadjusted Prices | Level 2 - Other Significant Observable Inputs | Level 3 - Significant Unobservable Inputs | Total | ||||||||||||
Common Stocks* | $ | 11,558,374 | $ | – | $ | – | $ | 11,558,374 | ||||||||
Short Term Investments | 156,148 | – | – | 156,148 | ||||||||||||
Total | $ | 11,714,522 | $ | – | $ | – | $ | 11,714,522 |
ALPS Hillman Active Value ETF | ||||||||||||||||
Investments in Securities at Value | Level 1 - Quoted and Unadjusted Prices | Level 2 - Other Significant Observable Inputs | Level 3 - Significant Unobservable Inputs | Total | ||||||||||||
Common Stocks* | $ | 7,215,811 | $ | – | $ | – | $ | 7,215,811 | ||||||||
Master Limited Partnerships* | 210,402 | – | – | 210,402 | ||||||||||||
Short Term Investments | 351,401 | – | – | 351,401 | ||||||||||||
Total | $ | 7,777,614 | $ | – | $ | – | $ | 7,777,614 |
ALPS Intermediate Municipal Bond ETF | ||||||||||||||||
Investments in Securities at Value | Level 1 - Quoted and Unadjusted Prices | Level 2 - Other Significant Observable Inputs | Level 3 - Significant Unobservable Inputs | Total | ||||||||||||
Municipal Bonds* | $ | – | $ | 31,033,759 | $ | – | $ | 31,033,759 | ||||||||
Short Term Investments | 367,242 | – | – | 367,242 | ||||||||||||
Total | $ | 367,242 | $ | 31,033,759 | $ | – | $ | 31,401,001 | ||||||||
ALPS International Sector Dividend Dogs ETF | ||||||||||||||||
Investments in Securities at Value | Level 1 - Quoted and Unadjusted Prices | Level 2 - Other Significant Observable Inputs | Level 3 - Significant Unobservable Inputs | Total | ||||||||||||
Common Stocks* | $ | 166,951,130 | $ | – | $ | – | $ | 166,951,130 | ||||||||
Short Term Investments | 4,476,400 | – | – | 4,476,400 | ||||||||||||
Total | $ | 171,427,530 | $ | – | $ | – | $ | 171,427,530 |
ALPS Medical Breakthroughs ETF | ||||||||||||||||
Investments in Securities at Value | Level 1 - Quoted and Unadjusted Prices | Level 2 - Other Significant Observable Inputs | Level 3 - Significant Unobservable Inputs | Total | ||||||||||||
Common Stocks* | $ | 107,760,690 | $ | – | $ | – | $ | 107,760,690 | ||||||||
Short Term Investments | 9,840,329 | – | – | 9,840,329 | ||||||||||||
Total | $ | 117,601,019 | $ | – | $ | – | $ | 117,601,019 |
ALPS REIT Dividend Dogs ETF | ||||||||||||||||
Investments in Securities at Value | Level 1 - Quoted and Unadjusted Prices | Level 2 - Other Significant Observable Inputs | Level 3 - Significant Unobservable Inputs | Total | ||||||||||||
Common Stocks* | $ | 22,605,760 | $ | – | $ | – | $ | 22,605,760 | ||||||||
Short Term Investments | 34,138 | – | – | 34,138 | ||||||||||||
Total | $ | 22,639,898 | $ | – | $ | – | $ | 22,639,898 |
ALPS Sector Dividend Dogs ETF | ||||||||||||||||
Investments in Securities at Value | Level 1 - Quoted and Unadjusted Prices | Level 2 - Other Significant Observable Inputs | Level 3 - Significant Unobservable Inputs | Total | ||||||||||||
Common Stocks* | $ | 1,210,396,313 | $ | – | $ | – | $ | 1,210,396,313 | ||||||||
Short Term Investments | 16,889,433 | – | – | 16,889,433 | ||||||||||||
Total | $ | 1,227,285,746 | $ | – | $ | – | $ | 1,227,285,746 |
Barron's 400 ETF | ||||||||||||||||
Investments in Securities at Value | Level 1 - Quoted and Unadjusted Prices | Level 2 - Other Significant Observable Inputs | Level 3 - Significant Unobservable Inputs | Total | ||||||||||||
Common Stocks* | $ | 126,374,136 | $ | – | $ | – | $ | 126,374,136 | ||||||||
Limited Partnerships* | 2,485,844 | – | – | 2,485,844 | ||||||||||||
Short Term Investments | 2,843,845 | – | – | 2,843,845 | ||||||||||||
Total | $ | 131,703,825 | $ | – | $ | – | $ | 131,703,825 |
RiverFront Dynamic Core Income ETF | ||||||||||||||||
Investments in Securities at Value | Level 1 - Quoted and Unadjusted Prices | Level 2 - Other Significant Observable Inputs | Level 3 - Significant Unobservable Inputs | Total | ||||||||||||
Corporate Bonds* | $ | – | $ | 45,867,870 | $ | – | $ | 45,867,870 | ||||||||
Government Bonds* | – | 17,904,502 | – | 17,904,502 | ||||||||||||
Short Term Investments | 6,605,726 | – | – | 6,605,726 | ||||||||||||
Total | $ | 6,605,726 | $ | 63,772,372 | $ | – | $ | 70,378,098 |
RiverFront Dynamic US Dividend Advantage ETF | ||||||||||||||||
Investments in Securities at Value | Level 1 - Quoted and Unadjusted Prices | Level 2 - Other Significant Observable Inputs | Level 3 - Significant Unobservable Inputs | Total | ||||||||||||
Common Stocks* | $ | 97,216,889 | $ | – | $ | – | $ | 97,216,889 | ||||||||
Short Term Investments | 2,017,102 | – | – | 2,017,102 | ||||||||||||
Total | $ | 99,233,991 | $ | – | $ | – | $ | 99,233,991 |
RiverFront Dynamic US Flex-Cap ETF | ||||||||||||||||
Investments in Securities at Value | Level 1 - Quoted and Unadjusted Prices | Level 2 - Other Significant Observable Inputs | Level 3 - Significant Unobservable Inputs | Total | ||||||||||||
Common Stocks* | $ | 31,140,519 | $ | – | $ | – | $ | 31,140,519 | ||||||||
Short Term Investments | 466,054 | – | – | 466,054 | ||||||||||||
Total | $ | 31,606,573 | $ | – | $ | – | $ | 31,606,573 |
RiverFront Strategic Income Fund | ||||||||||||||||
Investments in Securities at Value | Level 1 - Quoted and Unadjusted Prices | Level 2 - Other Significant Observable Inputs | Level 3 - Significant Unobservable Inputs | Total | ||||||||||||
Corporate Bonds* | $ | – | $ | 97,242,389 | $ | – | $ | 97,242,389 | ||||||||
Government Bonds* | – | 20,911,333 | – | 20,911,333 | ||||||||||||
Short Term Investments | 3,200,484 | – | – | 3,200,484 | ||||||||||||
Total | $ | 3,200,484 | $ | 118,153,722 | $ | – | $ | 121,354,206 |
* | For a detailed sector, state or country breakdown, see the accompanying Schedule of Investments. |
The Funds, except for the ALPS Emerging Sector Dividend Dogs ETF, did not have any securities that used significant unobservable inputs (Level 3) in determining fair value and there were no transfers into or out of Level 3 during the nine months ended August 31, 2022. As of August 31, 2022, the ALPS Emerging Sector Dividend Dogs ETF held securities classified as Level 3 in the fair value hierarchy valued at $1,554, which represents 0.01% of net assets.
3. Lending of Portfolio Securities
Alerian Energy Infrastructure ETF, ALPS Active REIT ETF, ALPS Clean Energy ETF, ALPS Disruptive Technologies ETF, ALPS Emerging Sector Dividend Dogs ETF, ALPS Equal Sector Weight ETF, ALPS Hillman Active Value ETF, ALPS International Sector Dividend Dogs ETF, ALPS Medical Breakthroughs ETF, ALPS REIT Dividend Dogs ETF, ALPS Sector Dividend Dogs ETF, Barron’s 400 ETF, RiverFront Dynamic US Dividend Advantage ETF, and RiverFront Dynamic US Flex-Cap ETF have entered into a securities lending agreement with State Street Bank & Trust Co. (“SSB”), the Funds’ lending agent. The Funds may lend their portfolio securities only to borrowers that are approved by SSB. Each Fund will limit such lending to not more than 33 1/3% of the value of its total assets. Each Fund’s securities held as SSB as custodian shall be available to be lent except those securities the Fund or ALPS Advisors Inc. specifically identifies in writing as not being available for lending. The borrower pledges and maintains with each Fund collateral consisting of cash (U.S. Dollars only), securities issued or guaranteed by the U.S. government or its agencies or instrumentalities, and by cash equivalents (including irrevocable bank letters of credit issued by a person other than the borrower or an affiliate of the borrower). The initial collateral received by each Fund is required to have a value of no less than 102% of the market value of the loaned securities for U.S equity securities and a value of no less than 105% of the market value for non-U.S. equity securities. The collateral is maintained thereafter, at a market value equal to not less than 102% of the current value of the U.S. equity securities on loan and not less than 105% of the current value of the non-U.S. equity securities on loan. The market value of the loaned securities is determined at the close of each business day and any additional required collateral is delivered to each Fund on the next business day. During the term of the loan, each Fund is entitled to all distributions made on or in respect of the loaned securities. Loans of securities are terminable at any time and the borrower, after notice, is required to return borrowed securities within the customary time period for settlement of securities transactions.
Any cash collateral received is reinvested in a money market fund managed by SSB as disclosed in each Fund’s Schedule of Investments. Non-cash collateral, in the form of securities issued or guaranteed by the U.S. government or its agencies or instrumentalities, is not disclosed in a Fund’s Schedule of Investments as it is held by the lending agent on behalf of each Fund, and each Fund does not have the ability to re-hypothecate these securities.
The following is a summary of each Fund’s securities lending agreements and related cash and non-cash collateral received as of August 31, 2022:
Fund | Market Value of Securities on Loan | Cash Collateral Received | Non-Cash Collateral Received | Total Collateral Received | ||||||||||||
Alerian Energy Infrastructure ETF | $ | 2,238,879 | $ | 2,177,016 | $ | 113,087 | $ | 2,290,103 | ||||||||
ALPS Clean Energy ETF | 201,855,714 | 152,948,636 | 49,989,833 | 202,938,469 | ||||||||||||
ALPS Disruptive Technologies ETF | 3,355,200 | 2,887,959 | 573,766 | 3,461,725 | ||||||||||||
ALPS Emerging Sector Dividend Dogs ETF | 2,199,062 | 2,322,810 | – | 2,322,810 | ||||||||||||
ALPS Equal Sector Weight ETF | 77,888,790 | 20,958,182 | 59,680,372 | 80,638,554 | ||||||||||||
ALPS Global Travel Beneficiaries ETF | 137,818 | 146,350 | – | 146,350 | ||||||||||||
ALPS Hillman Active Value ETF | 81,148 | 84,739 | – | 84,739 | ||||||||||||
ALPS International Sector Dividend Dogs ETF | 3,960,171 | 4,174,360 | 149,740 | 4,324,100 | ||||||||||||
ALPS Medical Breakthroughs ETF | 13,724,400 | 9,815,433 | 4,287,083 | 14,102,516 | ||||||||||||
ALPS Sector Dividend Dogs ETF | 16,301,539 | 16,714,485 | – | 16,714,485 | ||||||||||||
Barron's 400 ETF | 3,166,248 | 2,053,933 | 1,213,327 | 3,267,260 | ||||||||||||
RiverFront Dynamic US Dividend Advantage ETF | 2,651,062 | 1,816,551 | 914,398 | 2,730,949 | ||||||||||||
RiverFront Dynamic US Flex-Cap ETF | 748,115 | 437,098 | 329,598 | 766,696 |
The risks of securities lending include the risk that the borrower may not provide additional collateral when required or may not return the securities when due. To mitigate these risks, each Fund benefits from a borrower default indemnity provided by SSB. SSB’s indemnity allows for full replacement of securities lent wherein SSB will purchase the unreturned loaned securities on the open market by applying the proceeds of the collateral, or to the extent such proceeds are insufficient or the collateral is unavailable, SSB will purchase the unreturned loan securities at SSB’s expense. However, the Funds could suffer a loss if the value of the investments purchased with cash collateral falls below the value of the cash collateral received.
4. Return of Capital Estimates
The Alerian MLP ETF (the “Alerian Fund”) expects a portion of the distributions it receives from Master Limited Partnerships (“MLPs”) to be treated as a tax-deferred return of capital, thus reducing the Alerian Fund’s current tax liability. Return of capital distributions are not taxable income to the shareholder, but reduce the investor’s tax basis in the investor’s Fund Shares. Such a reduction in tax basis will result in larger taxable gains and/or lower tax losses on a subsequent sale of Fund Shares. Shareholders who periodically receive the payment of dividends or other distributions consisting of a return of capital may be under the impression that they are receiving net profits from the Alerian Fund when, in fact, they are not. Shareholders should not assume that the source of the distributions is from the net profits of the Alerian Fund.
5. Master Limited Partnerships
MLPs are publicly traded partnerships engaged in, among other things, the transportation, storage and processing of minerals and natural resources and are treated as partnerships for U.S. federal income tax purposes. By confining their operations to these specific activities, their interests, or units, are able to trade on public securities exchanges exactly like the shares of a corporation, without entity level taxation. To qualify as a MLP and to not be taxed as a corporation, a partnership must receive at least 90% of its income from qualifying sources as set forth in Section 7704(d) of the Internal Revenue Code of 1986, as amended (the “Code”). These qualifying sources include, among other things, natural resource- based activities such as the processing, transportation and storage of mineral or natural resources. MLPs generally have two classes of owners; the general partner and limited partners. The general partner of an MLP is typically owned by a major energy company, an investment fund, the direct management of the MLP, or is an entity owned by one or more of such parties. The general partner may be structured as a private or publicly traded corporation or other entity. The general partner typically controls the operations and management of the MLP through an up to 2% equity interest in the MLP plus, in many cases, ownership of common units and subordinated units. Limited partners typically own the remainder of the partnership, through ownership of common units, and have a limited role in the partnership’s operations and management.
MLPs are typically structured such that common units and general partner interests have first priority to receive quarterly cash distributions up to an established minimum amount (“minimum quarterly distributions” or “MQD”). Common and general partner interests also accrue arrearages in distributions to the extent the MQD is not paid. Once common and general partner interests have been paid, subordinated units receive distributions of up to the MQD; however, subordinated units do not accrue arrearages. Distributable cash in excess of the MQD is paid to both common and subordinated units and is distributed to both common and subordinated units generally on a pro rata basis. The general partner is also eligible to receive incentive distributions if the general partner operates the business in a manner which results in distributions paid per common unit surpassing specified target levels. As the general partner increases cash distributions to the limited partners, the general partner receives an increasingly higher percentage of the incremental cash distributions.
6. Affiliated Companies
As defined by the Investment Company Act of 1940, an affiliated person, including an affiliated company, is one in which a Fund owns 5% or more of the outstanding voting securities, or a company which is under common ownership or control with the Fund.
For the nine months ended August 31, 2022, the Alerian MLP ETF held shares in the following affiliates, as defined by the Investment Company Act of 1940:
Security Name | Share Balance as of August 31, 2022 | Market Value as of November 30, 2021 | Purchases | Purchases In- Kind | Sales | Market Value as of August 31, 2022 | Dividends* | Change in Unrealized Gain (Loss) | Realized Gain/Loss | |||||||||||||||||||||||||||
Crestwood Equity Partners LP | 10,434,938 | $ | 191,619,639 | $ | 82,817,760 | $ | 82,932,991 | $ | (74,153,940 | ) | $ | 278,195,447 | $ | - | $ | 20,815,653 | $ | (6,916,270 | ) | |||||||||||||||||
DCP Midstream LP | 13,280,642 | 305,805,520 | 39,565,572 | 130,668,176 | (112,168,096 | ) | 504,930,009 | - | 165,898,160 | (9,012,730 | ) | |||||||||||||||||||||||||
EnLink Midstream LLC | 47,376,660 | 279,392,241 | 36,818,134 | 134,577,952 | (128,064,456 | ) | 481,346,865 | - | 183,002,440 | (8,562,365 | ) | |||||||||||||||||||||||||
Genesis Energy LP | 15,970,329 | 142,731,294 | 16,808,378 | 56,434,675 | (47,589,776 | ) | 184,936,410 | - | 44,404,845 | (20,794,454 | ) | |||||||||||||||||||||||||
Holly Energy Partners LP | 6,698,107 | 99,394,845 | 10,330,147 | 36,952,321 | (32,204,251 | ) | 118,958,380 | - | 13,613,402 | (2,202,226 | ) | |||||||||||||||||||||||||
Magellan Midstream Partners LP | 12,911,547 | 495,004,139 | 80,106,243 | 189,996,363 | (160,268,392 | ) | 666,623,172 | - | 104,095,895 | (3,338,597 | ) | |||||||||||||||||||||||||
NuStar Energy LP | 14,581,377 | 179,635,876 | 21,185,299 | 71,341,296 | (59,690,233 | ) | 232,718,777 | - | 53,447,219 | (15,834,578 | ) | |||||||||||||||||||||||||
Plains All American Pipeline LP | 58,452,738 | 497,343,940 | 59,802,348 | 195,704,810 | (192,567,969 | ) | 686,819,671 | - | 212,510,299 | (50,770,684 | ) | |||||||||||||||||||||||||
Western Midstream Partners LP | 24,177,434 | 489,748,659 | 47,913,725 | 204,220,043 | (268,367,387 | ) | 679,627,670 | - | 250,900,514 | (11,488,080 | ) | |||||||||||||||||||||||||
$ | 3,834,156,401 | $ | - | $ | 1,048,688,427 | $ | (128,919,984 | ) |
* 100% of the income received was estimated as Return of Capital.