India Internet & Ecommerce ETF
Schedule of Investments
November 30, 2023 (Unaudited)
| Description | | Shares | | | Fair Value | |
| | | | | | | |
| COMMON STOCK — 100.7% | | | | | | |
| | | | | | | |
| India — 92.6% | | | | | | |
| Communication Services —11.3% | | | | | | | | |
| Affle India* | | | 20,584 | | | $ | 275,263 | |
| Brightcom Group* | | | 509,083 | | | | 103,778 | |
| Info Edge India | | | 11,135 | | | | 615,675 | |
| Nazara Technologies* | | | 13,386 | | | | 128,188 | |
| | | | | | | | 1,122,904 | |
| Consumer Discretionary —27.1% | | | | | | | | |
| Easy Trip Planners* | | | 182,487 | | | | 83,810 | |
| FSN E-Commerce Ventures* | | | 235,359 | | | | 496,154 | |
| Jubilant Foodworks | | | 72,244 | | | | 485,864 | |
| MakeMyTrip* | | | 14,564 | | | | 615,038 | |
| Zomato* | | | 708,159 | | | | 1,006,697 | |
| | | | | | | | 2,687,563 | |
| Energy —6.5% | | | | | | | | |
| Reliance Industries | | | 22,605 | | | | 644,440 | |
| | | | | | | | | |
| Financials —28.1% | | | | | | | | |
| Angel One | | | 13,184 | | | | 484,912 | |
| Bajaj Finance | | | 7,472 | | | | 638,115 | |
| ICICI Securities | | | 33,964 | | | | 277,129 | |
| Indian Energy Exchange | | | 205,438 | | | | 354,370 | |
| Jio Financial Services* | | | 22,151 | | | | 60,933 | |
| One 97 Communications* | | | 45,049 | | | | 473,131 | |
| PB Fintech* | | | 49,843 | | | | 497,900 | |
| | | | | | | | 2,786,490 | |
| Industrials —9.1% | | | | | | | | |
| IndiaMart InterMesh | | | 11,233 | | | | 350,761 | |
| Indian Railway Catering & Tourism | | | 64,506 | | | | 545,906 | |
| | | | | | | | 896,667 | |
| Information Technology —10.5% | | | | | | | | |
| Happiest Minds Technologies | | | 28,316 | | | | 284,081 | |
| Intellect Design Arena | | | 29,490 | | | | 259,719 | |
| Route Mobile | | | 10,840 | | | | 201,517 | |
| Tanla Platforms | | | 26,987 | | | | 296,588 | |
| | | | | | | | 1,041,905 | |
| Total India | | | | | | | 9,179,969 | |
| Sweden — 1.7% | | | | | | | | |
| Information Technology —1.7% | | | | | | | | |
| Truecaller, Cl B* | | | 55,176 | | | | 169,916 | |
| | | | | | | | | |
| United States — 6.4% | | | | | | | | |
| Information Technology —6.4% | | | | | | | | |
| Ebix | | | 10,130 | | | | 39,912 | |
| Description | | Shares | | | Fair Value | |
| | | | | | | |
| United States — continued | | | | | | | | |
| Information Technology — continued | | | | | | | | |
| Freshworks, Cl A* | | | 29,476 | | | $ | 590,110 | |
| Total United States | | | | | | | 630,022 | |
| | | | | | | | | |
| Total Common Stock | | | | | | | | |
| (Cost $8,989,592) | | | | | | | 9,979,907 | |
| | | | | | | | | |
| Total Investments in Securities- 100.7% | | | | | | | | |
| (Cost $8,989,592) | | | | | | $ | 9,979,907 | |
Percentages are based on net assets of $9,906,454.
| * | Non-income producing security. |
Cl — Class
3
INQ-QH-001-0400
