Capital Link
NextGen Protocol ETF
Schedule of Investments
August 31, 2021 (Unaudited)
Description | Shares | Fair Value | ||||||
COMMON STOCK — 99.6% | ||||||||
Canada — 0.4% | ||||||||
TMX Group | 1,183 | $ | 129,941 | |||||
China — 4.3% | ||||||||
Baidu ADR* | 5,477 | 859,999 | ||||||
Ping An Insurance Group of China, Cl H | 59,500 | 462,085 | ||||||
1,322,084 | ||||||||
France — 4.5% | ||||||||
BNP Paribas | 10,297 | 653,097 | ||||||
Capgemini | 1,368 | 307,067 | ||||||
Engie | 29,245 | 418,826 | ||||||
1,378,990 | ||||||||
Germany — 3.4% | ||||||||
SAP | 6,877 | 1,034,720 | ||||||
Hong Kong — 2.0% | ||||||||
Hong Kong Exchanges & Clearing | 9,800 | 618,442 | ||||||
India — 2.9% | ||||||||
Infosys ADR | 36,919 | 879,411 | ||||||
Japan — 3.2% | ||||||||
GMO Internet | 12,300 | 321,103 | ||||||
HIS* | 6,500 | 151,111 | ||||||
Monex Group | 21,000 | 112,206 | ||||||
Rakuten Group | 19,700 | 206,576 | ||||||
SBI Holdings | 8,600 | 209,011 | ||||||
1,000,007 | ||||||||
South Korea — 1.6% | ||||||||
Kakao | 910 | 121,652 | ||||||
Samsung SDS | 1,147 | 170,648 | ||||||
SK Telecom | 799 | 205,358 | ||||||
497,658 | ||||||||
Switzerland — 3.8% | ||||||||
Nestle | 9,350 | 1,181,343 | ||||||
Taiwan — 5.2% | ||||||||
Hon Hai Precision Industry | 91,891 | 368,048 | ||||||
Taiwan Semiconductor Manufacturing ADR | 10,217 | 1,215,925 | ||||||
1,583,973 | ||||||||
United States — 68.3% | ||||||||
Consumer Discretionary— 3.9% | ||||||||
Amazon.com* | 347 | 1,204,364 | ||||||
Consumer Staples— 0.5% | ||||||||
Bunge | 1,832 | 138,701 | ||||||
Financials— 5.5% | ||||||||
CME Group, Cl A | 3,060 | 617,263 | ||||||
Intercontinental Exchange | 7,700 | 920,381 | ||||||
Signature Bank NY | 630 | 163,378 | ||||||
1,701,022 | ||||||||
Information Technology— 58.4% | ||||||||
Accenture PLC, Cl A | 2,910 | 979,390 | ||||||
Advanced Micro Devices* | 7,541 | 834,939 | ||||||
Cisco Systems | 20,605 | 1,216,107 | ||||||
DocuSign, Cl A* | 2,665 | 789,480 | ||||||
Intel | 21,033 | 1,137,044 | ||||||
International Business Machines | 6,190 | 868,705 | ||||||
Intuit | 1,402 | 793,686 | ||||||
Mastercard, Cl A | 3,102 | 1,074,005 | ||||||
Micron Technology | 8,538 | 629,251 | ||||||
Microsoft | 4,362 | 1,316,800 | ||||||
NVIDIA | 6,616 | 1,480,992 | ||||||
Oracle | 13,033 | 1,161,631 | ||||||
PayPal Holdings* | 4,140 | 1,195,052 | ||||||
salesforce.com* | 4,589 | 1,217,324 | ||||||
Square, Cl A(A) * | 1,808 | 484,671 | ||||||
Visa, Cl A(A) | 5,027 | 1,151,686 | ||||||
VMware, Cl A(A) * | 5,713 | 850,494 | ||||||
Xilinx | 4,930 | 767,059 | ||||||
17,948,316 | ||||||||
20,992,403 | ||||||||
Total Common Stock | ||||||||
(Cost $22,894,325) | 30,618,972 |
Description | Shares/Face Amount | Fair Value | ||||||
MONEY MARKET — 0.3% | ||||||||
JPMorgan U.S. Government Money Market Fund, Class I, 0.01%(B) | 78,501 | $ | 78,501 | |||||
Total Money Market (Cost $78,501) | 78,501 | |||||||
REPURCHASE AGREEMENTS (C)(D) — 2.7% | ||||||||
Citigroup | ||||||||
0.060%, dated 8/31/2021 to be repurchased on 09/01/2021, repurchase price $250,000 (collateralized by U.S. Government Obligations, ranging in par value $16 - $25,166, 1.500% - 5.500%, 08/01/2022 - 09/01/2051, with a total market value of $255,000) | $ | 250,000 | 250,000 | |||||
Daiwa Capital Markets | ||||||||
0.050%, dated 8/31/2021 to be repurchased on 09/01/2021, repurchase price $250,000 (collateralized by U.S. Government Obligations, ranging in par value $0 - $33,817, 0.000% - 7.000%, 12/09/2021 - 09/01/2051, with a total market value of $255,000) | 250,000 | 250,000 | ||||||
Deutsche Bank | ||||||||
0.050%, dated 8/31/2021 to be repurchased on 09/01/2021, repurchase price $78,641 (collateralized by U.S. Government Obligations, ranging in par value $0 - $39,157, 0.000% - 4.500%, 04/08/2022 - 06/20/2051, with a total market value of $80,214) | 78,641 | 78,641 | ||||||
RBC Dominion Securities | ||||||||
0.050%, dated 8/31/2021 to be repurchased on 09/01/2021, repurchase price $250,000 (collateralized by U.S. Government Obligations, ranging in par value $0 - $43,985, 0.000% - 6.250%, 09/09/2021 - 08/20/2051, with a total market value of $255,000) | 250,000 | 250,000 | ||||||
Total Repurchase Agreements | ||||||||
(Cost $828,641) | 828,641 | |||||||
Total Investments - 102.6% | ||||||||
(Cost $23,801,467) | $ | 31,526,114 | ||||||
Percentages are based on Net Assets of $30,727,104.
* | Non-income producing security. |
(A) | Certain securities or partial positions of certain securities are on loan at August 31, 2021. The total market value of securities on loan at August 31, 2021 was $2,382,835. |
(B) | The rate reported is the 7-day effective yield as of August 31, 2021. |
(C) | Tri-Party Repurchase Agreement. |
(D) | These securities were purchased with cash collateral held from securities on loan. The total market value of such securities as of August 31, 2021 was $828,641. |
ADR — American Depositary Receipt
Cl — Class
The following is a list of the inputs used as of August 31, 2021 in valuing the Fund’s investments carried at value:
Investments in Securities | Level 1 | Level 2 | Level 3 | Total | ||||||||||||
Common Stock | $ | 30,618,972 | $ | — | $ | — | $ | 30,618,972 | ||||||||
Money Market | 78,501 | — | — | 78,501 | ||||||||||||
Repurchase Agreement | — | 828,641 | — | 828,641 | ||||||||||||
Total Investments in Securities | $ | 30,697,473 | $ | 828,641 | $ | — | $ | 31,526,114 | ||||||||
For the period ended August 31, 2021, there were no transfers in or out of Level 3.
For information on the Fund's policy regarding valuation of investments and other significant accounting policies, please refer to the Fund's most recent annual or semi-annual financial statements.
INN-QH-001-0800