Asian Growth Cubs ETF | July 31, 2021 |
SCHEDULE OF INVESTMENTS | (Unaudited) |
Number of Shares | Value | |||||||
COMMON STOCKS – 83.0% | ||||||||
BANGLADESH – 15.5% | ||||||||
Beacon Pharmaceuticals Ltd. | 107,328 | $ | 256,899 | |||||
Beximco Pharmaceuticals Ltd. | 74,126 | 160,383 | ||||||
BRAC Bank Ltd. | 264,072 | 153,505 | ||||||
GrameenPhone Ltd. | 36,837 | 164,748 | ||||||
Marico Bangladesh Ltd. | 6,004 | 168,489 | ||||||
Renata Ltd. | 9,802 | 158,535 | ||||||
Square Pharmaceuticals Ltd. | 59,621 | 156,065 | ||||||
Summit Power Ltd. | 297,546 | 154,720 | ||||||
1,373,344 | ||||||||
INDONESIA – 31.1% | ||||||||
Ace Hardware Indonesia TBK PT | 1,832,700 | 167,272 | ||||||
Bank Jago TBK PT* | 193,900 | 240,657 | ||||||
Elang Mahkota Teknologi TBK PT* | 1,129,400 | 214,752 | ||||||
Global Mediacom TBK PT* | 8,598,800 | 155,774 | ||||||
Industri Jamu Dan Farmasi Sido Muncul TBK PT | 3,281,400 | 182,647 | ||||||
Kalbe Farma TBK PT | 1,730,900 | 150,799 | ||||||
Link Net TBK PT | 565,000 | 179,706 | ||||||
Media Nusantara Citra TBK PT* | 2,496,400 | 136,363 | ||||||
Medikaloka Hermina TBK PT | 2,460,500 | 199,052 | ||||||
Mitra Keluarga Karyasehat TBK PT | 999,800 | 179,048 | ||||||
Sarana Menara Nusantara TBK PT | 2,057,300 | 208,397 | ||||||
Siloam International Hospitals TBK PT | 302,600 | 174,185 | ||||||
Surya Citra Media TBK PT* | 1,547,800 | 246,150 | ||||||
Tower Bersama Infrastructure TBK PT | 792,200 | 175,831 | ||||||
Unilever Indonesia TBK PT | 483,400 | 141,051 | ||||||
2,751,684 | ||||||||
PAKISTAN – 8.0% | ||||||||
Lucky Cement Ltd.* | 30,112 | 164,541 | ||||||
Meezan Bank Ltd. | 241,515 | 185,707 | ||||||
Searle Co. Ltd. (The) | 106,259 | 155,092 | ||||||
Systems Ltd. | 52,500 | 204,721 | ||||||
710,061 | ||||||||
PHILIPPINES – 12.5% | ||||||||
Ayala Corp. | 10,280 | 150,133 | ||||||
Ayala Land, Inc. | 227,900 | 149,091 | ||||||
Bank of the Philippine Islands | 98,000 | 157,827 | ||||||
Converge ICT Solutions, Inc.* | 384,400 | 175,339 | ||||||
First Gen Corp. | 276,200 | 160,244 | ||||||
Globe Telecom, Inc. | 4,455 | 165,776 | ||||||
Megaworld Corp. | 2,584,000 | 143,197 | ||||||
1,101,607 | ||||||||
TAIWAN – 2.0% | ||||||||
Sea Ltd., ADR* | 647 | 178,675 | ||||||
VIETNAM – 13.9% | ||||||||
Khang Dien House Trading and Investment JSC | 109,000 | 193,261 | ||||||
Masan Group Corp. | 37,700 | 220,074 | ||||||
Saigon Beer Alcohol Beverage Corp. | 23,900 | 165,546 | ||||||
Viet Capital Securities JSC | 78,800 | 170,954 |
Asian Growth Cubs ETF | July 31, 2021 |
SCHEDULE OF INVESTMENTS (Concluded) | (Unaudited) |
Number of Shares | Value | |||||||
COMMON STOCKS (Continued) | ||||||||
VIETNAM (Continued) | ||||||||
Vietnam Dairy Products JSC | 42,900 | $ | 160,910 | |||||
Vingroup JSC* | 32,700 | 152,709 | ||||||
Vinhomes JSC*(a) | 35,500 | 167,486 | ||||||
1,230,940 | ||||||||
TOTAL COMMON STOCKS | ||||||||
(Cost $7,276,030) | 7,346,311 | |||||||
EXCHANGE-TRADED FUNDS – 11.7% | ||||||||
EQUITY – 11.7% | ||||||||
DCVFMVN Diamond ETF* | 935,800 | 1,039,551 | ||||||
TOTAL EXCHANGE-TRADED FUNDS | ||||||||
(Cost $1,050,740) | 1,039,551 | |||||||
SHORT-TERM INVESTMENTS – 1.5% | ||||||||
Invesco Government & Agency Portfolio Institutional Class, 0.03%(b) | 130,720 | 130,720 | ||||||
TOTAL SHORT TERM INVESTMENTS | ||||||||
(Cost $130,720) | 130,720 | |||||||
TOTAL INVESTMENTS – 96.2% | ||||||||
(Cost $8,457,490) | 8,516,582 | |||||||
Other Assets in Excess of Liabilities – 3.8% | 339,490 | |||||||
TOTAL NET ASSETS – 100.0% | $ | 8,856,072 |
* | Non-income producing security. |
(a) | Security was purchased (sold) pursuant to Rule 144A under the Securities Act of 1933 and may not be resold (repurchased) subject to that rule except to qualified institutional buyers. Unless otherwise noted, Rule 144A securities are deemed to be liquid. Total fair value of Rule 144A securities amounts to $167,486, which represents 1.9% of net assets as of July 31, 2021. |
(b) | The rate is the annualized seven-day yield at period end. |
ADR | : | American Depositary Receipt |
JSC | : | Joint Stock Company |