Vesper U.S. Large Cap Short-Term Reversal Strategy ETF
Schedule of Investments
May 31, 2024 (Unaudited)
| Description | Shares | Fair Value | ||||||
| COMMON STOCK — 99.9% | ||||||||
| Consumer Discretionary — 7.9% | ||||||||
| Chipotle Mexican Grill, Cl A * | 278 | $ | 870,007 | |||||
| Tractor Supply | 3,051 | 870,419 | ||||||
| 1,740,426 | ||||||||
| Consumer Staples — 20.0% | ||||||||
| Colgate-Palmolive | 9,351 | 869,269 | ||||||
| J M Smucker | 7,966 | 889,324 | ||||||
| McCormick | 12,132 | 876,173 | ||||||
| Molson Coors Beverage, Cl B | 16,079 | 881,290 | ||||||
| Procter & Gamble | 5,296 | 871,404 | ||||||
| 4,387,460 | ||||||||
| Energy — 8.0% | ||||||||
| Occidental Petroleum | 14,029 | 876,813 | ||||||
| Phillips 66 | 6,206 | 881,934 | ||||||
| 1,758,747 | ||||||||
| Financials — 7.8% | ||||||||
| Mastercard, Cl A | 1,929 | 862,398 | ||||||
| Visa, Cl A | 3,163 | 861,791 | ||||||
| 1,724,189 | ||||||||
| Health Care — 24.0% | ||||||||
| AbbVie | 5,557 | 896,011 | ||||||
| Eli Lilly | 1,057 | 867,099 | ||||||
| Henry Schein * | 12,185 | 844,908 | ||||||
| Regeneron Pharmaceuticals * | 888 | 870,382 | ||||||
| UnitedHealth Group | 1,779 | 881,263 | ||||||
| Universal Health Services, Cl B | 4,767 | 904,778 | ||||||
| 5,264,441 | ||||||||
| Industrials — 7.9% | ||||||||
| 3M | 8,809 | 882,133 | ||||||
| Westinghouse Air Brake Technologies | 5,105 | 863,919 | ||||||
| 1,746,052 | ||||||||
| Materials — 4.0% | ||||||||
| Avery Dennison | 3,855 | 877,359 | ||||||
| Real Estate — 8.1% | ||||||||
| Crown Castle ‡ | 8,745 | 896,363 | ||||||
| Digital Realty Trust ‡ | 6,086 | 884,539 | ||||||
| 1,780,902 | ||||||||
| Utilities — 12.2% | ||||||||
| Duke Energy | 8,527 | 883,141 | ||||||
| FirstEnergy | 22,211 | 894,215 | ||||||
| Sempra | 11,586 | 892,470 | ||||||
| 2,669,826 | ||||||||
| Total Common Stock | ||||||||
| (Cost $21,452,088) | 21,949,402 | |||||||
| Total Investments - 99.9% | ||||||||
| (Cost $21,452,088) | $ | 21,949,402 | ||||||
Percentages are based on net assets of $21,970,390.
| * | Non-income producing security. |
| ‡ | Real Estate Investment Trust |
Cl — Class
| VES-QH-001-2000 |
