ERShares
Entrepreneurs
ETF
Schedule
of
Investments
March
31,
2024
(Unaudited)
Common
Stocks
—
99.86%
Shares
Fair
Value
Communications
—
18.72%
Airbnb,
Inc.,
Class
A
(a)
4,875
$
804,180
Alphabet,
Inc.,
Class
A
(a)
26,330
3,973,987
AppLovin
Corp.,
Class
A
(a)
50,057
3,464,946
DoorDash,
Inc.,
Class
A
(a)
18,604
2,562,143
Meta
Platforms,
Inc.,
Class
A
8,610
4,180,844
Spotify
Technology
SA
(a)
3,556
938,428
15,924,528
Consumer
Discretionary
—
12.15%
Amazon.com,
Inc.
(a)
19,848
3,580,182
Copart,
Inc.
(a)
41,773
2,419,492
DraftKings,
Inc.,
Class
A
(a)
48,359
2,195,982
Ulta
Beauty,
Inc.
(a)
4,094
2,140,671
10,336,327
Energy
—
1.89%
Antero
Resources
Corp.
(a)
47,006
1,363,174
Enphase
Energy,
Inc.
(a)
2,035
246,194
1,609,368
Financials
—
1.46%
Robinhood
Markets,
Inc.,
Class
A
(a)
61,789
1,243,813
Health
Care
—
12.92%
Medpace
Holdings,
Inc.
(a)
5,010
2,024,792
Natera,
Inc.
(a)
3,676
336,207
Penumbra,
Inc.
(a)
5,424
1,210,528
Regeneron
Pharmaceuticals,
Inc.
(a)
2,465
2,372,538
ResMed,
Inc.
10,112
2,002,479
Shockwave
Medical,
Inc.
(a)
9,357
3,046,920
10,993,464
Technology
—
52.72%
Arista
Networks,
Inc.
(a)
8,616
2,498,468
Bentley
Systems,
Inc.,
Class
B
33,039
1,725,297
Bill.com
Holdings,
Inc.
(a)
4,169
286,494
Block,
Inc.,
Class
A
(a)
3,975
336,206
Corpay,
Inc.
(a)
5,957
1,837,972
Crowdstrike
Holdings,
Inc.,
Class
A
(a)
7,621
2,443,216
Datadog,
Inc.,
Class
A
(a)
15,685
1,938,666
Dropbox,
Inc.,
Class
A
(a)
47,137
1,145,429
EPAM
Systems,
Inc.
(a)
2,225
614,456
HubSpot,
Inc.
(a)
3,236
2,027,548
MongoDB,
Inc.
(a)
3,199
1,147,289
Monolithic
Power
Systems,
Inc.
2,378
1,610,905
NVIDIA
Corp.
8,314
7,512,198
Oracle
Corp.
19,848
2,493,107
Palantir
Technologies,
Inc.,
Class
A
(a)
11,246
258,770
Palo
Alto
Networks,
Inc.
(a)
4,361
1,239,091
Pegasystems,
Inc.
4,027
260,305
Salesforce,
Inc.
8,164
2,458,834
Super
Micro
Computer,
Inc.
(a)
5,851
5,909,686
ERShares
Entrepreneurs
ETF
Schedule
of
Investments
(continued)
March
31,
2024
(Unaudited)
Common
Stocks
—
99.86%
(continued)
Shares
Fair
Value
Technology
—
52.72%
(continued)
Synopsys,
Inc.
(a)
4,278
$
2,444,877
Toast,
Inc.,
Class
A
(a)
39,299
979,331
Twilio,
Inc.,
Class
A
(a)
21,244
1,299,071
Ubiquiti,
Inc.
2,025
234,596
Veeva
Systems,
Inc.,
Class
A
(a)
9,302
2,155,180
44,856,992
Total Common
Stocks
(Cost $64,831,880)
84,964,492
Total
Investments
—
99.86%
(Cost
$64,831,880)
84,964,492
Other
Assets
in
Excess
of
Liabilities — 0.14%
121,140
Net
Assets
—
100.00%
$
85,085,632
(a)
Non-income
producing
security.