ETC 6 Meridian
Hedged Equity-Index Option Strategy ETF
Schedule of Investments
August 31, 2024 (Unaudited)
| Description | Shares | Fair Value | ||||||
| COMMON STOCK — 100.0% | ||||||||
| Communication Services — 17.0% | ||||||||
| Alphabet, Cl A(A) | 63,827 | $ | 10,428,055 | |||||
| AT&T(A) | 1,119,640 | 22,280,836 | ||||||
| Comcast, Cl A | 135,363 | 5,356,314 | ||||||
| Meta Platforms, Cl A(A) | 21,896 | 11,414,604 | ||||||
| Netflix* | 8,719 | 6,115,071 | ||||||
| Verizon Communications | 400,236 | 16,721,860 | ||||||
| 72,316,740 | ||||||||
| Consumer Discretionary — 6.6% | ||||||||
| Amazon.com(A)* | 59,212 | 10,569,342 | ||||||
| Booking Holdings | 1,487 | 5,813,025 | ||||||
| General Motors | 125,656 | 6,255,156 | ||||||
| Home Depot | 15,198 | 5,600,463 | ||||||
| 28,237,986 | ||||||||
| Consumer Staples — 20.3% | ||||||||
| Altria Group(A) | 217,900 | 11,716,483 | ||||||
| Coca-Cola(A) | 80,189 | 5,811,297 | ||||||
| Colgate-Palmolive(A) | 107,988 | 11,500,722 | ||||||
| Costco Wholesale(A) | 13,343 | 11,907,026 | ||||||
| Kraft Heinz(A) | 307,894 | 10,908,685 | ||||||
| PepsiCo(A) | 31,146 | 5,384,520 | ||||||
| Philip Morris International | 46,394 | 5,719,916 | ||||||
| Procter & Gamble | 32,890 | 5,641,951 | ||||||
| Target | 37,066 | 5,694,079 | ||||||
| Walmart(A) | 156,174 | 12,061,318 | ||||||
| 86,345,997 | ||||||||
| Energy — 6.4% | ||||||||
| Chevron | 71,415 | 10,565,849 | ||||||
| ConocoPhillips(A) | 50,278 | 5,721,134 | ||||||
| Exxon Mobil(A) | 93,196 | 10,991,536 | ||||||
| 27,278,519 | ||||||||
| Financials — 10.7% | ||||||||
| American Express(A) | 43,829 | 11,336,371 | ||||||
| Bank of New York Mellon | 84,308 | 5,751,492 | ||||||
| Berkshire Hathaway, Cl B* | 12,619 | 6,005,634 | ||||||
| Capital One Financial(A) | 37,873 | 5,564,680 | ||||||
| Morgan Stanley | 53,554 | 5,548,730 | ||||||
| US Bancorp | 125,338 | 5,919,714 | ||||||
| Wells Fargo | 95,810 | 5,602,010 | ||||||
| 45,728,631 | ||||||||
| Health Care — 14.9% | ||||||||
| AbbVie(A) | 28,725 | 5,639,005 | ||||||
| Eli Lilly | 13,092 | 12,568,582 | ||||||
| Gilead Sciences | 142,493 | 11,256,947 | ||||||
| Johnson & Johnson(A) | 67,799 | 11,245,142 | ||||||
| Medtronic PLC | 67,707 | 5,997,486 | ||||||
| Merck(A) | 95,760 | 11,342,772 | ||||||
| UnitedHealth Group | 9,513 | 5,614,572 | ||||||
| 63,664,506 | ||||||||
| Industrials — 6.7% | ||||||||
| Caterpillar(A) | 16,436 | 5,852,860 | ||||||
| Deere | 15,226 | 5,873,277 | ||||||
| General Electric(A) | 32,102 | 5,605,651 | ||||||
| Description | Shares | Fair Value | ||||||
| Industrials — continued | ||||||||
| Lockheed Martin | 9,927 | $ | 5,639,529 | |||||
| RTX | 46,681 | 5,757,634 | ||||||
| 28,728,951 | ||||||||
| Information Technology — 12.1% | ||||||||
| Adobe(A)* | 9,972 | 5,728,016 | ||||||
| Apple(A) | 24,957 | 5,715,153 | ||||||
| Cisco Systems | 114,998 | 5,811,999 | ||||||
| International Business Machines(A) | 28,733 | 5,807,801 | ||||||
| Intuit | 8,543 | 5,384,311 | ||||||
| Microsoft | 13,064 | 5,449,517 | ||||||
| NVIDIA(A) | 99,800 | 11,913,126 | ||||||
| QUALCOMM | 33,229 | 5,825,044 | ||||||
| 51,634,967 | ||||||||
| Real Estate — 1.4% | ||||||||
| Simon Property Group‡(A) | 35,516 | 5,943,603 | ||||||
| Utilities — 3.9% | ||||||||
| Duke Energy(A) | 96,797 | 11,030,018 | ||||||
| Southern | 62,232 | 5,376,845 | ||||||
| 16,406,863 | ||||||||
| Total Common Stock | ||||||||
| (Cost $371,306,580) | 426,286,763 | |||||||
| EXCHANGE TRADED FUND — 2.3% | ||||||||
| SPDR Bloomberg 1-3 Month T-Bill ETF | 103,702 | 9,521,918 | ||||||
| Total Exchange Traded Fund | ||||||||
| (Cost $9,486,724) | 9,521,918 | |||||||
| SHORT-TERM INVESTMENT — 0.2% | ||||||||
| Invesco Government & Agency | ||||||||
| Portfolio, Institutional Class, 5.18%(B) | 1,014,905 | 1,014,905 | ||||||
| Total Short-Term Investment | ||||||||
| (Cost $1,014,905) | 1,014,905 | |||||||
| Total Investments - 102.5% | ||||||||
| (Cost $381,808,209) | $ | 436,823,586 | ||||||
| WRITTEN OPTION — -2.6% | ||||||||
| Total Written Option | ||||||||
| (Premiums Received $9,107,640) | $ | (11,024,680 | ) | |||||
1
ETC 6 Meridian
Hedged Equity-Index Option Strategy ETF
Schedule of Investments
August 31, 2024 (Unaudited) (Concluded)
A list of the Exchange Traded Option Contracts held by the Fund at August 31, 2024, is as follows:
| Description | Number of Contracts | Notional Amount | Exercise Price | Expiration Date | Value | ||||||||||
| WRITTEN OPTION — (2.6)% | |||||||||||||||
| Call Options | |||||||||||||||
| S&P 500 Index | (751 | ) | $ | 424,194,840 | $ | 5,600 | 10/18/24 | $ | (11,024,680 | ) | |||||
| TOTAL WRITTEN OPTION | |||||||||||||||
| (Premiums Received $9,107,640) | $ | (11,024,680 | ) | ||||||||||||
Percentages are based on Net Assets of $426,233,537.
| * | Non-income producing security. |
| ‡ | Real Estate Investment Trust |
| (A) | All or a portion of these securities has been pledged as collateral on written options with a fair value of $88,952,887. |
| (B) | The rate shown is the 7-day effective yield as of August 31, 2024. |
| Cl — Class |
| ETF — Exchange Traded Fund |
| PLC — Public Limited Company |
| S&P— Standard & Poor's |
| SPDR — Standard & Poor's Depositary Receipts |
MER-QH-001-0900
2
ETC 6 Meridian
Low Beta Equity Strategy ETF
Schedule of Investments
August 31, 2024 (Unaudited)
| Description | Shares | Fair Value | ||||||
| COMMON STOCK — 99.6% | ||||||||
| Communication Services — 4.1% | ||||||||
| AT&T | 38,865 | $ | 773,414 | |||||
| Cogent Communications Holdings | 9,315 | 651,864 | ||||||
| Iridium Communications | 23,505 | 606,429 | ||||||
| Marcus | 46,765 | 661,725 | ||||||
| New York Times, Cl A | 15,518 | 852,404 | ||||||
| Scholastic | 17,655 | 562,841 | ||||||
| TEGNA | 47,391 | 657,787 | ||||||
| TKO Group Holdings, Cl A | 8,418 | 995,260 | ||||||
| T-Mobile US | 3,976 | 790,111 | ||||||
| Verizon Communications | 16,725 | 698,770 | ||||||
| 7,250,605 | ||||||||
| Consumer Discretionary — 7.0% | ||||||||
| Adtalem Global Education* | 13,962 | 1,057,063 | ||||||
| Aramark | 21,486 | 787,032 | ||||||
| Choice Hotels International | 5,563 | 709,783 | ||||||
| Deckers Outdoor* | 721 | 691,648 | ||||||
| Grand Canyon Education* | 4,992 | 723,890 | ||||||
| McDonald's | 2,280 | 658,145 | ||||||
| Murphy USA | 1,617 | 840,242 | ||||||
| Ollie's Bargain Outlet Holdings* | 8,902 | 797,263 | ||||||
| O'Reilly Automotive* | 614 | 693,801 | ||||||
| Perdoceo Education | 38,130 | 855,637 | ||||||
| Strategic Education | 6,274 | 605,441 | ||||||
| Stride* | 10,994 | 905,246 | ||||||
| Sturm Ruger | 15,715 | 661,916 | ||||||
| Texas Roadhouse, Cl A | 4,408 | 743,850 | ||||||
| Ulta Beauty* | 1,213 | 427,995 | ||||||
| Wendy's | 35,820 | 606,075 | ||||||
| Wingstop | 1,801 | 695,384 | ||||||
| 12,460,411 | ||||||||
| Consumer Staples — 19.5% | ||||||||
| Altria Group | 16,101 | 865,751 | ||||||
| BellRing Brands* | 11,070 | 619,145 | ||||||
| BJ's Wholesale Club Holdings* | 9,247 | 739,390 | ||||||
| Boston Beer, Cl A* | 2,248 | 610,827 | ||||||
| Cal-Maine Foods | 11,675 | 841,067 | ||||||
| Campbell Soup | 15,421 | 766,732 | ||||||
| Casey's General Stores | 2,211 | 801,067 | ||||||
| Church & Dwight | 6,515 | 663,748 | ||||||
| Clorox | 4,432 | 701,630 | ||||||
| Coca-Cola | 11,214 | 812,679 | ||||||
| Coca-Cola Consolidated | 820 | 1,100,768 | ||||||
| Colgate-Palmolive | 7,656 | 815,364 | ||||||
| Conagra Brands | 23,884 | 745,181 | ||||||
| Edgewell Personal Care | 17,826 | 716,962 | ||||||
| Flowers Foods | 29,531 | 686,300 | ||||||
| Fresh Del Monte Produce | 27,527 | 804,890 | ||||||
| Grocery Outlet Holding* | 25,624 | 485,318 | ||||||
| Ingredion | 5,738 | 770,671 | ||||||
| J & J Snack Foods | 4,637 | 789,171 | ||||||
| John B Sanfilippo & Son | 6,531 | 619,596 | ||||||
| Kellanova | 12,396 | 999,242 | ||||||
| Description | Shares | Fair Value | ||||||
| Consumer Staples — continued | ||||||||
| Keurig Dr Pepper | 22,866 | $ | 837,124 | |||||
| Kimberly-Clark | 5,349 | 773,786 | ||||||
| Kraft Heinz | 18,886 | 669,131 | ||||||
| Kroger | 13,219 | 703,383 | ||||||
| Lamb Weston Holdings | 6,515 | 403,409 | ||||||
| Lancaster Colony | 3,263 | 557,190 | ||||||
| McCormick | 9,771 | 781,973 | ||||||
| Molson Coors Beverage, Cl B | 10,626 | 573,485 | ||||||
| Mondelez International, Cl A | 9,324 | 669,556 | ||||||
| National Beverage | 13,049 | 589,293 | ||||||
| PepsiCo | 4,090 | 707,079 | ||||||
| Performance Food Group* | 8,706 | 649,816 | ||||||
| Pilgrim's Pride* | 20,877 | 972,451 | ||||||
| Post Holdings* | 6,411 | 742,201 | ||||||
| PriceSmart | 8,033 | 719,596 | ||||||
| Procter & Gamble | 4,185 | 717,895 | ||||||
| Simply Good Foods* | 20,104 | 635,085 | ||||||
| SpartanNash | 33,442 | 738,734 | ||||||
| Sprouts Farmers Market* | 10,537 | 1,096,375 | ||||||
| Sysco | 8,430 | 657,287 | ||||||
| Tootsie Roll Industries | 20,951 | 622,664 | ||||||
| TreeHouse Foods* | 18,557 | 762,507 | ||||||
| Universal | 13,425 | 728,977 | ||||||
| US Foods Holding* | 12,686 | 751,138 | ||||||
| Walmart | 11,025 | 851,461 | ||||||
| WD-40 | 2,619 | 688,378 | ||||||
| 34,555,473 | ||||||||
| Energy — 2.0% | ||||||||
| California Resources | 12,568 | 659,443 | ||||||
| Chevron | 4,493 | 664,739 | ||||||
| DT Midstream | 11,448 | 899,698 | ||||||
| Exxon Mobil | 6,243 | 736,300 | ||||||
| Phillips 66 | 4,538 | 636,727 | ||||||
| 3,596,907 | ||||||||
| Financials — 13.7% | ||||||||
| Ambac Financial Group* | 44,163 | 516,707 | ||||||
| AMERISAFE | 12,511 | 627,051 | ||||||
| Aon PLC, Cl A | 2,105 | 723,531 | ||||||
| Assurant | 3,706 | 727,673 | ||||||
| Assured Guaranty | 7,310 | 585,385 | ||||||
| Cboe Global Markets | 3,550 | 729,170 | ||||||
| Chubb | 2,665 | 757,340 | ||||||
| CME Group, Cl A | 3,040 | 655,850 | ||||||
| Donnelley Financial Solutions* | 10,364 | 690,864 | ||||||
| Employers Holdings | 14,732 | 706,399 | ||||||
| Erie Indemnity, Cl A | 1,615 | 820,791 | ||||||
| Everest Group | 1,798 | 705,248 | ||||||
| EZCORP, Cl A* | 64,272 | 785,404 | ||||||
| Federated Hermes, Cl B | 18,509 | 634,859 | ||||||
| FirstCash Holdings | 5,792 | 695,561 | ||||||
| Hanover Insurance Group | 5,062 | 744,063 | ||||||
| HCI Group | 6,793 | 650,973 | ||||||
| Horace Mann Educators | 18,866 | 671,818 | ||||||
| Kinsale Capital Group | 1,213 | 595,692 | ||||||
| Mercury General | 13,814 | 914,901 | ||||||
| Morningstar | 2,148 | 673,978 | ||||||
3
ETC 6 Meridian
Low Beta Equity Strategy ETF
Schedule of Investments
August 31, 2024 (Unaudited) (Continued)
| Description | Shares | Fair Value | ||||||
| Financials — continued | ||||||||
| Old Republic International | 22,801 | $ | 817,872 | |||||
| Progressive | 3,395 | 856,219 | ||||||
| Radian Group | 22,370 | 808,675 | ||||||
| Reinsurance Group of America, Cl A | 3,649 | 805,553 | ||||||
| RenaissanceRe Holdings | 2,922 | 744,496 | ||||||
| RLI | 4,487 | 691,447 | ||||||
| Safety Insurance Group | 8,370 | 741,164 | ||||||
| Selective Insurance Group | 6,373 | 579,816 | ||||||
| SiriusPoint* | 54,203 | 812,503 | ||||||
| Western Union | 48,528 | 592,042 | ||||||
| Willis Towers Watson PLC | 2,419 | 706,614 | ||||||
| WisdomTree | 80,844 | 819,758 | ||||||
| WR Berkley | 11,815 | 705,356 | ||||||
| 24,294,773 | ||||||||
| Health Care — 20.6% | ||||||||
| Abbott Laboratories | 5,590 | 633,179 | ||||||
| AbbVie | 3,683 | 723,010 | ||||||
| Addus HomeCare* | 6,723 | 894,226 | ||||||
| Alkermes PLC* | 23,070 | 656,341 | ||||||
| Amedisys* | 7,169 | 702,634 | ||||||
| Amgen | 2,405 | 802,861 | ||||||
| ANI Pharmaceuticals* | 10,143 | 646,616 | ||||||
| Becton Dickinson | 2,823 | 684,323 | ||||||
| Boston Scientific* | 9,904 | 810,048 | ||||||
| Cardinal Health | 6,027 | 679,363 | ||||||
| Centene* | 8,603 | 678,175 | ||||||
| Chemed | 1,043 | 611,375 | ||||||
| Collegium Pharmaceutical* | 18,196 | 699,818 | ||||||
| Corcept Therapeutics* | 28,990 | 1,023,347 | ||||||
| CorVel* | 2,866 | 919,212 | ||||||
| CVS Health | 8,980 | 514,015 | ||||||
| Dynavax Technologies* | 52,460 | 588,601 | ||||||
| Elevance Health | 1,311 | 730,083 | ||||||
| Eli Lilly | 850 | 816,017 | ||||||
| Encompass Health | 8,707 | 810,186 | ||||||
| Ensign Group | 5,305 | 802,965 | ||||||
| Exelixis* | 29,840 | 776,735 | ||||||
| Gilead Sciences | 9,190 | 726,010 | ||||||
| HealthEquity* | 8,283 | 658,996 | ||||||
| HealthStream | 25,255 | 733,405 | ||||||
| Henry Schein* | 8,857 | 624,861 | ||||||
| Inari Medical* | 15,528 | 671,276 | ||||||
| Innoviva* | 43,987 | 852,468 | ||||||
| Integer Holdings* | 5,790 | 753,105 | ||||||
| Jazz Pharmaceuticals PLC* | 5,686 | 659,462 | ||||||
| Johnson & Johnson | 4,190 | 694,954 | ||||||
| LeMaitre Vascular | 9,846 | 888,995 | ||||||
| Masimo* | 5,149 | 605,111 | ||||||
| McKesson | 1,263 | 708,644 | ||||||
| Medtronic PLC | 7,805 | 691,367 | ||||||
| Merck | 5,391 | 638,564 | ||||||
| Merit Medical Systems* | 8,910 | 861,419 | ||||||
| Molina Healthcare* | 1,718 | 600,939 | ||||||
| National HealthCare | 7,012 | 961,556 | ||||||
| Neurocrine Biosciences* | 5,042 | 640,637 | ||||||
| OraSure Technologies* | 95,811 | 429,233 | ||||||
| Description | Shares | Fair Value | ||||||
| Health Care — continued | ||||||||
| Pacira BioSciences* | 22,170 | $ | 344,965 | |||||
| Patterson | 24,861 | 559,124 | ||||||
| Perrigo Co PLC | 23,773 | 691,795 | ||||||
| Premier, Cl A | 31,896 | 649,722 | ||||||
| Prestige Consumer Healthcare* | 9,350 | 697,884 | ||||||
| Quest Diagnostics | 5,253 | 824,563 | ||||||
| Regeneron Pharmaceuticals* | 679 | 804,405 | ||||||
| United Therapeutics* | 2,807 | 1,020,485 | ||||||
| UnitedHealth Group | 1,407 | 830,411 | ||||||
| Varex Imaging* | 38,601 | 481,741 | ||||||
| 36,509,227 | ||||||||
| Industrials — 8.9% | ||||||||
| AeroVironment* | 3,661 | 745,965 | ||||||
| Brady, Cl A | 11,637 | 861,603 | ||||||
| BWX Technologies | 6,320 | 650,960 | ||||||
| CACI International, Cl A* | 1,768 | 862,996 | ||||||
| CoreCivic* | 45,244 | 623,462 | ||||||
| Curtiss-Wright | 2,757 | 870,826 | ||||||
| FTI Consulting* | 3,234 | 738,354 | ||||||
| General Dynamics | 2,429 | 727,146 | ||||||
| Hexcel | 8,780 | 555,686 | ||||||
| KBR | 10,808 | 749,643 | ||||||
| Liquidity Services* | 37,571 | 817,921 | ||||||
| Lockheed Martin | 1,539 | 874,306 | ||||||
| National Presto Industries | 8,819 | 690,440 | ||||||
| Northrop Grumman | 1,440 | 753,422 | ||||||
| Republic Services, Cl A | 3,632 | 756,219 | ||||||
| RTX | 7,387 | 911,113 | ||||||
| Science Applications International | 4,652 | 607,505 | ||||||
| Verisk Analytics, Cl A | 2,823 | 770,171 | ||||||
| Verra Mobility, Cl A* | 30,723 | 848,262 | ||||||
| Waste Management | 3,200 | 678,528 | ||||||
| Woodward | 4,492 | 748,592 | ||||||
| 15,843,120 | ||||||||
| Information Technology — 4.8% | ||||||||
| A10 Networks | 49,281 | 678,599 | ||||||
| CommVault Systems* | 6,713 | 1,043,200 | ||||||
| Dolby Laboratories, Cl A | 8,189 | 584,367 | ||||||
| GoDaddy, Cl A* | 6,094 | 1,020,197 | ||||||
| Insight Enterprises* | 3,575 | 776,025 | ||||||
| InterDigital | 6,214 | 861,012 | ||||||
| Juniper Networks | 17,826 | 693,075 | ||||||
| Manhattan Associates* | 2,611 | 690,427 | ||||||
| N-able* | 51,280 | 659,461 | ||||||
| NetScout Systems* | 31,367 | 673,763 | ||||||
| Progress Software | 12,581 | 731,585 | ||||||
| 8,411,711 | ||||||||
| Materials — 1.2% | ||||||||
| AptarGroup | 4,660 | 713,865 | ||||||
| NewMarket | 1,059 | 607,622 | ||||||
| Royal Gold | 6,021 | 843,964 | ||||||
| 2,165,451 | ||||||||
| Real Estate — 4.4% | ||||||||
| CareTrust REIT‡ | 28,366 | 847,576 | ||||||
4
ETC 6 Meridian
Low Beta Equity Strategy ETF
Schedule of Investments
August 31, 2024 (Unaudited) (Concluded)
| Description | Shares | Fair Value | ||||||
| Real Estate — continued | ||||||||
| Equity LifeStyle Properties‡ | 10,083 | $ | 733,135 | |||||
| Essential Properties Realty Trust‡ | 27,003 | 861,666 | ||||||
| Four Corners Property Trust‡ | 27,604 | 782,573 | ||||||
| Gaming and Leisure Properties‡ | 14,680 | 763,654 | ||||||
| Getty Realty‡ | 24,558 | 780,453 | ||||||
| LTC Properties‡ | 21,043 | 772,909 | ||||||
| NNN REIT‡ | 16,083 | 755,740 | ||||||
| Omega Healthcare Investors‡ | 21,583 | 853,392 | ||||||
| WP Carey‡ | 11,639 | 698,573 | ||||||
| 7,849,671 | ||||||||
| Utilities — 13.4% | ||||||||
| ALLETE | 11,564 | 734,892 | ||||||
| Ameren | 9,132 | 753,481 | ||||||
| American States Water | 9,352 | 761,440 | ||||||
| Atmos Energy | 5,790 | 756,985 | ||||||
| Avista | 20,025 | 773,766 | ||||||
| California Water Service Group | 14,644 | 810,252 | ||||||
| CenterPoint Energy | 23,596 | 644,171 | ||||||
| Chesapeake Utilities | 6,482 | 767,598 | ||||||
| CMS Energy | 11,071 | 751,278 | ||||||
| Consolidated Edison | 7,431 | 754,692 | ||||||
| DTE Energy | 5,970 | 746,369 | ||||||
| Duke Energy | 7,095 | 808,475 | ||||||
| Essential Utilities | 19,111 | 745,138 | ||||||
| Evergy | 13,173 | 779,051 | ||||||
| IDACORP, Cl Rights | 7,553 | 769,726 | ||||||
| MGE Energy | 8,460 | 733,524 | ||||||
| New Jersey Resources | 15,684 | 726,326 | ||||||
| Northwest Natural Holding | 17,866 | 718,571 | ||||||
| Northwestern Energy Group | 13,716 | 746,013 | ||||||
| OGE Energy | 19,691 | 778,976 | ||||||
| ONE Gas | 10,777 | 742,966 | ||||||
| Pinnacle West Capital | 9,568 | 837,392 | ||||||
| PPL | 24,861 | 793,315 | ||||||
| Public Service Enterprise Group | 10,290 | 830,918 | ||||||
| SJW Group | 11,690 | 689,593 | ||||||
| Southern | 9,735 | 841,104 | ||||||
| Spire | 10,984 | 724,615 | ||||||
| Unitil | 12,877 | 776,483 | ||||||
| Vistra | 10,957 | 936,057 | ||||||
| WEC Energy Group | 8,219 | 764,614 | ||||||
| Xcel Energy | 13,779 | 843,688 | ||||||
| 23,841,469 | ||||||||
| Description | Shares | Fair Value | ||||||
| Utilities — continued | ||||||||
| Total Common Stock | ||||||||
| (Cost $153,193,133) | $ | 176,778,818 | ||||||
| SHORT-TERM INVESTMENT — 0.3% | ||||||||
| Invesco Government & Agency | ||||||||
| Portfolio, Institutional Class, 5.18%(A) | 580,217 | 580,217 | ||||||
| Total Short-Term Investment | ||||||||
| (Cost $580,217) | 580,217 | |||||||
| Total Investments - 99.9% | ||||||||
| (Cost $153,773,350) | $ | 177,359,035 |
Percentages are based on Net Assets of $177,516,766.
| * | Non-income producing security. |
| ‡ | Real Estate Investment Trust |
| (A) | The rate shown is the 7-day effective yield as of August 31, 2024. |
Cl — Class
PLC — Public Limited Company
REIT — Real Estate Investment Trust
MER-QH-001-0900
5
ETC 6 Meridian
Mega Cap Equity ETF
Schedule of Investments
August 31, 2024 (Unaudited)
| Description | Shares | Fair Value | ||||||
| COMMON STOCK — 99.8% | ||||||||
| Communication Services — 16.9% | ||||||||
| Alphabet, Cl A | 40,762 | $ | 6,659,696 | |||||
| AT&T | 715,023 | 14,228,958 | ||||||
| Comcast, Cl A | 86,442 | 3,420,510 | ||||||
| Meta Platforms, Cl A | 13,985 | 7,290,520 | ||||||
| Netflix* | 5,566 | 3,903,714 | ||||||
| Verizon Communications | 255,598 | 10,678,884 | ||||||
| 46,182,282 | ||||||||
| Consumer Discretionary — 6.6% | ||||||||
| Amazon.com* | 37,815 | 6,749,977 | ||||||
| Booking Holdings | 945 | 3,694,222 | ||||||
| General Motors | 80,245 | 3,994,596 | ||||||
| Home Depot | 9,703 | 3,575,556 | ||||||
| 18,014,351 | ||||||||
| Consumer Staples — 20.2% | ||||||||
| Altria Group | 139,162 | 7,482,741 | ||||||
| Coca-Cola | 51,211 | 3,711,261 | ||||||
| Colgate-Palmolive | 68,965 | 7,344,772 | ||||||
| Costco Wholesale | 8,517 | 7,600,401 | ||||||
| Kraft Heinz | 196,633 | 6,966,707 | ||||||
| PepsiCo | 19,891 | 3,438,756 | ||||||
| Philip Morris International | 29,625 | 3,652,466 | ||||||
| Procter & Gamble | 21,001 | 3,602,512 | ||||||
| Target | 23,669 | 3,636,032 | ||||||
| Walmart | 99,740 | 7,702,920 | ||||||
| 55,138,568 | ||||||||
| Energy — 6.4% | ||||||||
| Chevron | 45,609 | 6,747,852 | ||||||
| ConocoPhillips | 32,109 | 3,653,683 | ||||||
| Exxon Mobil | 59,516 | 7,019,317 | ||||||
| 17,420,852 | ||||||||
| Financials — 10.7% | ||||||||
| American Express | 27,990 | 7,239,614 | ||||||
| Bank of New York Mellon | 53,838 | 3,672,828 | ||||||
| Berkshire Hathaway, Cl B* | 8,055 | 3,833,536 | ||||||
| Capital One Financial | 24,184 | 3,553,355 | ||||||
| Morgan Stanley | 34,198 | 3,543,255 | ||||||
| US Bancorp | 80,041 | 3,780,336 | ||||||
| Wells Fargo | 61,183 | 3,577,370 | ||||||
| 29,200,294 | ||||||||
| Health Care — 14.9% | ||||||||
| AbbVie | 18,341 | 3,600,522 | ||||||
| Eli Lilly | 8,361 | 8,026,727 | ||||||
| Gilead Sciences | 91,002 | 7,189,158 | ||||||
| Johnson & Johnson | 43,296 | 7,181,075 | ||||||
| Medtronic PLC | 43,237 | 3,829,933 | ||||||
| Merck | 61,154 | 7,243,691 | ||||||
| UnitedHealth Group | 6,072 | 3,583,694 | ||||||
| 40,654,800 | ||||||||
| Industrials — 6.7% | ||||||||
| Caterpillar | 10,494 | 3,736,913 | ||||||
| Deere | 9,721 | 3,749,779 | ||||||
| General Electric | 20,499 | 3,579,535 | ||||||
| Description | Shares | Fair Value | ||||||
| Industrials — continued | ||||||||
| Lockheed Martin | 6,337 | $ | 3,600,050 | |||||
| RTX | 29,809 | 3,676,642 | ||||||
| 18,342,919 | ||||||||
| Information Technology — 12.1% | ||||||||
| Adobe* | 6,369 | 3,658,417 | ||||||
| Apple | 15,938 | 3,649,802 | ||||||
| Cisco Systems | 73,436 | 3,711,455 | ||||||
| International Business Machines | 18,346 | 3,708,277 | ||||||
| Intuit | 5,455 | 3,438,069 | ||||||
| Microsoft | 8,344 | 3,480,616 | ||||||
| NVIDIA | 63,738 | 7,608,405 | ||||||
| QUALCOMM | 21,218 | 3,719,515 | ||||||
| 32,974,556 | ||||||||
| Real Estate — 1.4% | ||||||||
| Simon Property Group‡ | 22,679 | 3,795,331 | ||||||
| Utilities — 3.9% | ||||||||
| Duke Energy | 61,818 | 7,044,161 | ||||||
| Southern | 39,742 | 3,433,709 | ||||||
| 10,477,870 | ||||||||
| Total Common Stock | ||||||||
| (Cost $238,141,594) | 272,201,823 | |||||||
| SHORT-TERM INVESTMENT — 0.1% | ||||||||
| Invesco Government & Agency Portfolio, Institutional Class, 5.18%(A) | 299,846 | 299,846 | ||||||
| Total Short-Term Investment | ||||||||
| (Cost $299,846) | 299,846 | |||||||
| Total Investments - 99.9% | ||||||||
| (Cost $238,441,440) | $ | 272,501,669 | ||||||
Percentages are based on Net Assets of $272,863,478
| * | Non-income producing security. |
| ‡ | Real Estate Investment Trust |
| (A) | The rate shown is the 7-day effective yield as of August 31, 2024. |
| Cl — Class |
| PLC — Public Limited Company |
MER-QH-001-0900
6
ETC 6 Meridian
Small Cap Equity ETF
Schedule of Investments
August 31, 2024 (Unaudited)
| Description | Shares | Fair Value | ||||||
| COMMON STOCK — 99.7% | ||||||||
| Communication Services — 2.0% | ||||||||
| Cogent Communications Holdings | 12,303 | $ | 860,964 | |||||
| Marcus | 62,369 | 882,521 | ||||||
| 1,743,485 | ||||||||
| Consumer Discretionary — 13.5% | ||||||||
| Adtalem Global Education* | 18,625 | 1,410,099 | ||||||
| Buckle | 22,230 | 931,437 | ||||||
| Golden Entertainment | 27,737 | 898,401 | ||||||
| Green Brick Partners* | 17,361 | 1,367,700 | ||||||
| M* | 7,301 | 1,163,560 | ||||||
| Movado Group | 32,481 | 774,997 | ||||||
| Perdoceo Education | 104,545 | 2,345,990 | ||||||
| Stride* | 14,554 | 1,198,376 | ||||||
| Sturm Ruger | 21,262 | 895,555 | ||||||
| Worthington Enterprises | 14,306 | 655,215 | ||||||
| 11,641,330 | ||||||||
| Consumer Staples — 12.1% | ||||||||
| Andersons | 16,831 | 857,876 | ||||||
| Cal-Maine Foods | 31,740 | 2,286,550 | ||||||
| J & J Snack Foods | 6,312 | 1,074,239 | ||||||
| John B Sanfilippo & Son | 9,026 | 856,297 | ||||||
| National Beverage | 17,321 | 782,217 | ||||||
| Simply Good Foods* | 26,516 | 837,640 | ||||||
| SpartanNash | 44,003 | 972,026 | ||||||
| Tootsie Roll Industries | 28,305 | 841,225 | ||||||
| Universal | 18,457 | 1,002,215 | ||||||
| WD-40 | 3,479 | 914,420 | ||||||
| 10,424,705 | ||||||||
| Energy — 5.4% | ||||||||
| California Resources | 16,860 | 884,644 | ||||||
| CVR Energy | 27,935 | 710,108 | ||||||
| Helmerich & Payne | 23,554 | 768,567 | ||||||
| Par Pacific Holdings* | 25,646 | 575,496 | ||||||
| RPC | 121,366 | 779,170 | ||||||
| SM Energy | 20,589 | 939,476 | ||||||
| 4,657,461 | ||||||||
| Financials — 22.7% | ||||||||
| Ambac Financial Group* | 59,874 | 700,526 | ||||||
| AMERISAFE | 17,039 | 853,995 | ||||||
| Assured Guaranty | 14,899 | 1,193,112 | ||||||
| Axos Financial* | 17,514 | 1,215,997 | ||||||
| Bread Financial Holdings | 23,753 | 1,381,712 | ||||||
| Employers Holdings | 39,597 | 1,898,676 | ||||||
| Enova International* | 14,175 | 1,215,223 | ||||||
| Hanmi Financial | 58,243 | 1,153,794 | ||||||
| HCI Group | 9,251 | 886,523 | ||||||
| PennyMac Mortgage Investment Trust‡ | 63,832 | 907,053 | ||||||
| Preferred Bank | 12,031 | 996,768 | ||||||
| PROG Holdings | 27,935 | 1,306,240 | ||||||
| Safety Insurance Group | 11,431 | 1,012,215 | ||||||
| SiriusPoint* | 74,224 | 1,112,618 | ||||||
| Virtus Investment Partners | 3,953 | 836,692 | ||||||
| Description | Shares | Fair Value | ||||||
| Financials — continued | ||||||||
| Westamerica BanCorp | 18,754 | $ | 971,270 | |||||
| WisdomTree | 112,404 | 1,139,776 | ||||||
| World Acceptance* | 7,296 | 859,834 | ||||||
| 19,642,024 | ||||||||
| Health Care — 19.9% | ||||||||
| Alkermes PLC* | 30,178 | 858,564 | ||||||
| Collegium Pharmaceutical* | 49,695 | 1,911,270 | ||||||
| Corcept Therapeutics* | 38,745 | 1,367,699 | ||||||
| CorVel* | 3,852 | 1,235,452 | ||||||
| Cross Country Healthcare* | 50,541 | 754,072 | ||||||
| Ensign Group | 7,148 | 1,081,921 | ||||||
| Harmony Biosciences Holdings* | 29,207 | 1,050,868 | ||||||
| HealthStream | 33,904 | 984,572 | ||||||
| Innoviva* | 121,266 | 2,350,135 | ||||||
| Merit Medical Systems* | 11,957 | 1,156,003 | ||||||
| National HealthCare | 9,544 | 1,308,769 | ||||||
| OraSure Technologies* | 128,301 | 574,788 | ||||||
| Organon | 50,598 | 1,130,865 | ||||||
| Pacira BioSciences* | 30,506 | 474,673 | ||||||
| Prestige Consumer Healthcare* | 12,607 | 940,987 | ||||||
| 17,180,638 | ||||||||
| Industrials — 9.9% | ||||||||
| Brady, Cl A | 15,611 | 1,155,838 | ||||||
| DNOW* | 62,849 | 818,294 | ||||||
| Liquidity Services* | 50,913 | 1,108,376 | ||||||
| Masterbrand* | 52,398 | 840,464 | ||||||
| Mueller Industries | 17,638 | 1,282,459 | ||||||
| National Presto Industries | 12,029 | 941,750 | ||||||
| Titan International* | 71,335 | 594,221 | ||||||
| Verra Mobility, Cl A* | 41,579 | 1,147,996 | ||||||
| Wabash National | 33,226 | 646,578 | ||||||
| 8,535,976 | ||||||||
| Information Technology — 5.6% | ||||||||
| A10 Networks | 67,578 | 930,549 | ||||||
| Insight Enterprises* | 4,844 | 1,051,487 | ||||||
| Photronics* | 31,557 | 816,064 | ||||||
| Progress Software | 17,094 | 994,016 | ||||||
| ScanSource* | 20,746 | 1,056,802 | ||||||
| 4,848,918 | ||||||||
| Materials — 2.6% | ||||||||
| Clearwater Paper* | 23,058 | 767,140 | ||||||
| Olympic Steel | 14,005 | 561,600 | ||||||
| Warrior Met Coal | 15,284 | 937,062 | ||||||
| 2,265,802 | ||||||||
| Real Estate — 2.5% | ||||||||
| CareTrust REIT‡ | 38,446 | 1,148,767 | ||||||
| Getty Realty‡ | 33,350 | 1,059,863 | ||||||
| 2,208,630 | ||||||||
| Utilities — 3.5% | ||||||||
| Avista | 26,809 | 1,035,900 | ||||||
| MGE Energy | 11,379 | 986,616 | ||||||
7
ETC 6 Meridian
Small Cap Equity ETF
Schedule of Investments
August 31, 2024 (Unaudited) (Concluded)
| Description | Shares | Fair Value | ||||||
| Utilities — continued | ||||||||
| Northwest Natural Holding | 24,143 | $ | 971,031 | |||||
| 2,993,547 | ||||||||
| Total Common Stock | ||||||||
| (Cost $77,224,778) | 86,142,516 | |||||||
| SHORT-TERM INVESTMENT — 0.2% | ||||||||
| Invesco Government & Agency Portfolio, Institutional Class, 5.18%(A) | 187,695 | 187,695 | ||||||
| Total Short-Term Investment | ||||||||
| (Cost $187,695) | 187,695 | |||||||
| Total Investments - 99.9% | ||||||||
| (Cost $77,412,473) | $ | 86,330,211 | ||||||
Percentages are based on Net Assets of $86,380,599
| * | Non-income producing security. |
| ‡ | Real Estate Investment Trust |
| (A) | The rate shown is the 7-day effective yield as of August 31, 2024. |
| Cl — Class |
| PLC — Public Limited Company |
| REIT — Real Estate Investment Trust |
MER-QH-001-0900
8
ETC 6 Meridian
Quality Growth ETF
Schedule of Investments
August 31, 2024 (Unaudited)
| Description | Shares | Fair Value | ||||||
| COMMON STOCK†† — 99.7% | ||||||||
| Communication Services — 6.1% | ||||||||
| Alphabet, Cl A | 15,282 | $ | 2,496,773 | |||||
| Pinterest, Cl A* | 8,070 | 258,563 | ||||||
| Yelp, Cl A* | 755 | 26,372 | ||||||
| 2,781,708 | ||||||||
| Consumer Discretionary — 8.1% | ||||||||
| Deckers Outdoor* | 301 | 288,747 | ||||||
| DoorDash, Cl A* | 3,644 | 469,019 | ||||||
| Grand Canyon Education* | 345 | 50,028 | ||||||
| Home Depot | 4,903 | 1,806,756 | ||||||
| Lululemon Athletica* | 1,392 | 361,182 | ||||||
| Murphy USA | 215 | 111,720 | ||||||
| NVR* | 30 | 275,174 | ||||||
| Ulta Beauty* | 572 | 201,825 | ||||||
| Valvoline* | 1,531 | 64,608 | ||||||
| YETI Holdings* | 1,053 | 42,457 | ||||||
| 3,671,516 | ||||||||
| Consumer Staples — 7.3% | ||||||||
| Cal-Maine Foods | 506 | 36,452 | ||||||
| Coca-Cola Consolidated | 68 | 91,283 | ||||||
| Costco Wholesale | 2,352 | 2,098,878 | ||||||
| Kimberly-Clark | 3,936 | 569,382 | ||||||
| Lancaster Colony | 223 | 38,080 | ||||||
| Monster Beverage* | 8,763 | 413,000 | ||||||
| National Beverage | 280 | 12,645 | ||||||
| WD-40 | 158 | 41,528 | ||||||
| 3,301,248 | ||||||||
| Energy — 0.5% | ||||||||
| Liberty Energy, Cl A | 1,770 | 36,444 | ||||||
| Texas Pacific Land | 219 | 190,287 | ||||||
| 226,731 | ||||||||
| Financials — 10.2% | ||||||||
| Apollo Global Management | 1,243 | 143,852 | ||||||
| Mastercard, Cl A | 3,947 | 1,907,743 | ||||||
| Rocket, Cl A* | 21,407 | 420,648 | ||||||
| Toast, Cl A* | 5,764 | 143,293 | ||||||
| Visa, Cl A | 7,383 | 2,040,440 | ||||||
| 4,655,976 | ||||||||
| Health Care — 16.3% | ||||||||
| Alkermes PLC* | 1,985 | 56,473 | ||||||
| Axonics* | 601 | 41,568 | ||||||
| Catalyst Pharmaceuticals* | 1,284 | 26,001 | ||||||
| Chemed | 166 | 97,304 | ||||||
| Corcept Therapeutics* | 995 | 35,124 | ||||||
| CorVel* | 101 | 32,394 | ||||||
| Edwards Lifesciences* | 6,522 | 456,279 | ||||||
| Exelixis* | 3,545 | 92,277 | ||||||
| Halozyme Therapeutics* | 1,483 | 94,690 | ||||||
| Hims & Hers Health* | 1,702 | 25,070 | ||||||
| IDEXX Laboratories* | 972 | 467,853 | ||||||
| Incyte* | 2,208 | 144,977 | ||||||
| Intuitive Surgical* | 3,877 | 1,909,927 | ||||||
| Lantheus Holdings* | 819 | 87,199 | ||||||
| Neurocrine Biosciences* | 1,154 | 146,627 | ||||||
| Description | Shares | Fair Value | ||||||
| Health Care — continued | ||||||||
| Regeneron Pharmaceuticals* | 1,265 | $ | 1,498,633 | |||||
| Veeva Systems, Cl A* | 1,680 | 363,619 | ||||||
| Vertex Pharmaceuticals* | 3,106 | 1,540,234 | ||||||
| West Pharmaceutical Services | 845 | 265,017 | ||||||
| 7,381,266 | ||||||||
| Industrials — 8.4% | ||||||||
| A O Smith | 1,683 | 140,901 | ||||||
| AAON | 796 | 76,026 | ||||||
| Cintas | 1,003 | 807,535 | ||||||
| Copart* | 10,169 | 538,550 | ||||||
| CSW Industrials | 169 | 57,059 | ||||||
| Expeditors International of Washington | 1,659 | 204,737 | ||||||
| Fastenal | 6,675 | 455,769 | ||||||
| Graco | 1,930 | 160,866 | ||||||
| Kforce | 212 | 13,905 | ||||||
| Landstar System | 406 | 74,120 | ||||||
| Mueller Industries | 1,292 | 93,941 | ||||||
| Old Dominion Freight Line | 2,280 | 439,584 | ||||||
| Rollins | 3,425 | 171,867 | ||||||
| Trex* | 1,263 | 80,504 | ||||||
| WW Grainger | 522 | 514,128 | ||||||
| 3,829,492 | ||||||||
| Information Technology — 42.8% | ||||||||
| Accenture PLC, Cl A | 4,398 | 1,503,896 | ||||||
| Adobe* | 3,062 | 1,758,843 | ||||||
| Agilysys* | 273 | 30,876 | ||||||
| Appfolio, Cl A* | 384 | 89,084 | ||||||
| Apple | 12,152 | 2,782,808 | ||||||
| Applied Materials | 7,823 | 1,543,165 | ||||||
| Arista Networks* | 2,839 | 1,003,246 | ||||||
| Badger Meter | 339 | 70,153 | ||||||
| Blackbaud* | 608 | 50,829 | ||||||
| Cadence Design Systems* | 3,108 | 835,835 | ||||||
| CommVault Systems* | 491 | 76,301 | ||||||
| Crowdstrike Holdings, Cl A* | 2,540 | 704,291 | ||||||
| Datadog, Cl A* | 3,641 | 423,303 | ||||||
| DigitalOcean Holdings* | 630 | 23,581 | ||||||
| DoubleVerify Holdings* | 1,568 | 30,890 | ||||||
| Intuit | 2,357 | 1,485,523 | ||||||
| Lattice Semiconductor* | 1,500 | 71,040 | ||||||
| Manhattan Associates* | 684 | 180,870 | ||||||
| Monolithic Power Systems | 515 | 481,360 | ||||||
| Motorola Solutions | 1,955 | 864,188 | ||||||
| Napco Security Technologies | 421 | 19,526 | ||||||
| NVIDIA | 22,106 | 2,638,793 | ||||||
| Qualys* | 423 | 52,947 | ||||||
| ServiceNow* | 1,993 | 1,704,015 | ||||||
| SPS Commerce* | 410 | 81,893 | ||||||
| Synopsys* | 1,755 | 911,863 | ||||||
| 19,419,119 | ||||||||
9
ETC 6 Meridian
Quality Growth ETF
Schedule of Investments
August 31, 2024 (Unaudited) (Concluded)
| Description | Shares | Fair Value | ||||||
| Total Common Stock | ||||||||
| (Cost $37,288,984) | $ | 45,267,056 | ||||||
| SHORT-TERM INVESTMENT — 0.4% | ||||||||
| Invesco Government & Agency Portfolio, Institutional Class, 5.18%(A) | 174,100 | 174,100 | ||||||
| Total Short-Term Investment | ||||||||
| (Cost $174,100) | 174,100 | |||||||
| Total Investments - 100.1% | ||||||||
| (Cost $37,463,084) | $ | 45,441,156 | ||||||
Percentages are based on Net Assets of $45,409,695.
| †† | Industries are utilized for compliance purposes, whereas broad sectors are utilized for reporting. |
| * | Non-income producing security. |
| (A) | The rate shown is the 7-day effective yield as of August 31, 2024. |
| Cl — Class |
| PLC — Public Limited Company |
MER-QH-001-0900
10