LEADERSHARES DYNAMIC YIELD ETF |
SCHEDULE OF INVESTMENTS (Unaudited) |
July 31, 2021 |
Principal | Coupon Rate | |||||||||||||
Amount ($) | Spread | (%) | Maturity | Fair Value | ||||||||||
CORPORATE BONDS — 69.8% | ||||||||||||||
AEROSPACE & DEFENSE — 3.1% | ||||||||||||||
138,000 | Boeing Company | 4.8750 | 05/01/25 | $ | 154,831 | |||||||||
138,000 | Boeing Company | 2.1960 | 02/04/26 | 139,243 | ||||||||||
138,000 | Boeing Company | 5.1500 | 05/01/30 | 164,783 | ||||||||||
92,000 | Boeing Company | 5.7050 | 05/01/40 | 119,671 | ||||||||||
92,000 | Boeing Company | 5.8050 | 05/01/50 | 124,982 | ||||||||||
92,000 | Boeing Company | 5.9300 | 05/01/60 | 127,382 | ||||||||||
230,000 | Bombardier, Inc.(a) | 7.8750 | 04/15/27 | 238,635 | ||||||||||
184,000 | Howmet Aerospace, Inc. | 6.8750 | 05/01/25 | 214,353 | ||||||||||
138,000 | Raytheon Technologies Corporation | 4.1250 | 11/16/28 | 160,098 | ||||||||||
92,000 | Raytheon Technologies Corporation | 4.5000 | 06/01/42 | 117,904 | ||||||||||
230,000 | TransDigm, Inc. | 5.5000 | 11/15/27 | 237,763 | ||||||||||
1,799,645 | ||||||||||||||
AUTOMOTIVE — 2.1% | ||||||||||||||
184,000 | Ford Motor Company | 9.0000 | 04/22/25 | 226,725 | ||||||||||
184,000 | Ford Motor Company | 9.6250 | 04/22/30 | 265,924 | ||||||||||
184,000 | Ford Motor Company | 7.4500 | 07/16/31 | 243,902 | ||||||||||
230,000 | Ford Motor Company | 4.7500 | 01/15/43 | 252,796 | ||||||||||
230,000 | Ford Motor Company | 5.2910 | 12/08/46 | 263,830 | ||||||||||
�� | 1,253,177 | |||||||||||||
BANKING — 7.3% | ||||||||||||||
138,000 | Bank of America Corp 3.974000 02/07/2030 | ICE LIBOR USD 3 Month + 1.210% | 3.9740 | 02/07/30 | 157,029 | |||||||||
138,000 | Bank of America Corporation Series GMTN | 3.3000 | 01/11/23 | 144,071 | ||||||||||
138,000 | Bank of America Corporation | US0003M + 0.790% | 3.0040 | 12/20/23 | 142,900 | |||||||||
138,000 | Bank of America Corporation | SOFRRATE + 0.960% | 1.7340 | 07/22/27 | 140,467 | |||||||||
138,000 | Bank of America Corporation | US0003M + 1.040% | 3.4190 | 12/20/28 | 151,692 | |||||||||
138,000 | Bank of America Corporation | US0003M + 1.310% | 4.2710 | 07/23/29 | 159,399 | |||||||||
138,000 | Bank of America Corporation | US0003M + 0.990% | 2.4960 | 02/13/31 | 142,264 | |||||||||
138,000 | Bank of America Corporation | SOFRRATE + 1.320% | 2.6870 | 04/22/32 | 144,185 | |||||||||
138,000 | Bank of America Corporation | SOFRRATE + 1.930% | 2.6760 | 06/19/41 | 136,278 | |||||||||
138,000 | Bank of America Corporation | SOFRRATE + 1.580% | 3.3110 | 04/22/42 | 148,890 | |||||||||
138,000 | Bank of America Corporation B | US0003M + 3.150% | 4.0830 | 03/20/51 | 167,312 |
1
LEADERSHARES DYNAMIC YIELD ETF |
SCHEDULE OF INVESTMENTS (Unaudited) (Continued) |
July 31, 2021 |
Principal | Coupon Rate | |||||||||||||
Amount ($) | Spread | (%) | Maturity | Fair Value | ||||||||||
CORPORATE BONDS — 69.8% (Continued) | ||||||||||||||
BANKING — 7.3% (Continued) | ||||||||||||||
138,000 | Citigroup, Inc. | SOFRRATE + 2.842% | 3.1060 | 04/08/26 | $ | 147,849 | ||||||||
138,000 | Citigroup, Inc. | 4.4500 | 09/29/27 | 159,349 | ||||||||||
138,000 | Citigroup, Inc. | SOFRRATE + 3.914% | 4.4120 | 03/31/31 | 162,162 | |||||||||
138,000 | Citigroup, Inc. | SOFRRATE + 2.107% | 2.5720 | 06/03/31 | 142,895 | |||||||||
138,000 | JPMorgan Chase & Company | SOFRRATE + 1.850% | 2.0830 | 04/22/26 | 143,220 | |||||||||
138,000 | JPMorgan Chase & Company | SOFRRATE + 0.885% | 1.5780 | 04/22/27 | 139,670 | |||||||||
138,000 | JPMorgan Chase & Company | SOFRRATE + 1.510% | 2.7390 | 10/15/30 | 145,603 | |||||||||
138,000 | JPMorgan Chase & Company | SOFRRATE + 3.790% | 4.4930 | 03/24/31 | 165,034 | |||||||||
138,000 | JPMorgan Chase & Company | SOFRRATE + 1.250% | 2.5800 | 04/22/32 | 143,518 | |||||||||
92,000 | JPMorgan Chase & Company | 6.4000 | 05/15/38 | 136,693 | ||||||||||
138,000 | JPMorgan Chase & Company | US0003M + 1.380% | 3.9640 | 11/15/48 | 163,650 | |||||||||
138,000 | JPMorgan Chase & Company | SOFRRATE + 1.580% | 3.3280 | 04/22/52 | 150,177 | |||||||||
138,000 | Wells Fargo & Company | 3.0000 | 04/22/26 | 149,774 | ||||||||||
138,000 | Wells Fargo & Company | 3.0000 | 10/23/26 | 149,636 | ||||||||||
138,000 | Wells Fargo & Company | SOFRRATE + 2.100% | 2.3930 | 06/02/28 | 144,497 | |||||||||
138,000 | Wells Fargo & Company | US0003M + 1.170% | 2.8790 | 10/30/30 | 147,470 | |||||||||
138,000 | Wells Fargo & Company | SOFRRATE + 2.530% | 3.0680 | 04/30/41 | 144,754 | |||||||||
92,000 | Wells Fargo & Company | US0003M + 4.240% | 5.0130 | 04/04/51 | 128,374 | |||||||||
4,298,812 | ||||||||||||||
BEVERAGES — 1.1% | ||||||||||||||
138,000 | Anheuser-Busch Companies, LLC / Anheuser-Busch | 3.6500 | 02/01/26 | 153,132 | ||||||||||
92,000 | Anheuser-Busch Companies, LLC / Anheuser-Busch | 4.7000 | 02/01/36 | 114,414 | ||||||||||
92,000 | Anheuser-Busch Companies, LLC / Anheuser-Busch | 4.9000 | 02/01/46 | 118,067 | ||||||||||
92,000 | Anheuser-Busch InBev Worldwide, Inc. | 4.7500 | 01/23/29 | 110,672 | ||||||||||
92,000 | Anheuser-Busch InBev Worldwide, Inc. | 5.5500 | 01/23/49 | 129,467 | ||||||||||
625,752 | ||||||||||||||
BIOTECH & PHARMA — 4.1% | ||||||||||||||
138,000 | AbbVie, Inc. | 2.6000 | 11/21/24 | 146,097 | ||||||||||
138,000 | AbbVie, Inc. | 3.6000 | 05/14/25 | 150,729 |
2
LEADERSHARES DYNAMIC YIELD ETF |
SCHEDULE OF INVESTMENTS (Unaudited) (Continued) |
July 31, 2021 |
Principal | Coupon Rate | |||||||||||||
Amount ($) | Spread | (%) | Maturity | Fair Value | ||||||||||
CORPORATE BONDS — 69.8% (Continued) | ||||||||||||||
BIOTECH & PHARMA — 4.1% (Continued) | ||||||||||||||
138,000 | AbbVie, Inc. | 2.9500 | 11/21/26 | $ | 149,649 | |||||||||
138,000 | AbbVie, Inc. | 3.2000 | 11/21/29 | 151,513 | ||||||||||
138,000 | AbbVie, Inc. | 4.0500 | 11/21/39 | 162,847 | ||||||||||
92,000 | AbbVie, Inc. | 4.2500 | 11/21/49 | 113,024 | ||||||||||
92,000 | Amgen, Inc. | 4.6630 | 06/15/51 | 121,831 | ||||||||||
92,000 | AstraZeneca plc | 6.4500 | 09/15/37 | 140,014 | ||||||||||
230,000 | Bausch Health Companies, Inc.(a) | 6.2500 | 02/15/29 | 229,132 | ||||||||||
138,000 | Bristol-Myers Squibb Company | 3.4000 | 07/26/29 | 156,423 | ||||||||||
92,000 | Bristol-Myers Squibb Company | 4.2500 | 10/26/49 | 119,009 | ||||||||||
230,000 | Endo Luxembourg Finance Company I Sarl / Endo US,(a) | 6.1250 | 04/01/29 | 228,906 | ||||||||||
92,000 | GlaxoSmithKline Capital, Inc. | 6.3750 | 05/15/38 | 139,712 | ||||||||||
230,000 | Par Pharmaceutical, Inc.(a) | 7.5000 | 04/01/27 | 234,923 | ||||||||||
92,000 | Pfizer, Inc. | 7.2000 | 03/15/39 | 152,250 | ||||||||||
2,396,059 | ||||||||||||||
CABLE & SATELLITE — 4.0% | ||||||||||||||
230,000 | CCO Holdings, LLC / CCO Holdings Capital(a) | 5.3750 | 06/01/29 | 251,795 | ||||||||||
230,000 | CCO Holdings, LLC / CCO Holdings Capital(a) | 4.7500 | 03/01/30 | 244,076 | ||||||||||
230,000 | CCO Holdings, LLC / CCO Holdings Capital(a) | 4.5000 | 08/15/30 | 241,788 | ||||||||||
230,000 | CCO Holdings, LLC / CCO Holdings Capital(a) | 4.2500 | 02/01/31 | 237,188 | ||||||||||
138,000 | Charter Communications Operating, LLC / Charter | 4.9080 | 07/23/25 | 156,693 | ||||||||||
92,000 | Charter Communications Operating, LLC / Charter | 6.4840 | 10/23/45 | 129,636 | ||||||||||
138,000 | Comcast Corporation | 4.1500 | 10/15/28 | 160,580 | ||||||||||
92,000 | Comcast Corporation | 4.6000 | 10/15/38 | 115,912 | ||||||||||
92,000 | Comcast Corporation | 4.7000 | 10/15/48 | 120,930 | ||||||||||
230,000 | DISH DBS Corporation | 5.8750 | 11/15/24 | 248,097 | ||||||||||
184,000 | DISH DBS Corporation | 7.7500 | 07/01/26 | 210,220 | ||||||||||
230,000 | Sirius XM Radio, Inc.(a) | 4.1250 | 07/01/30 | 237,590 | ||||||||||
2,354,505 | ||||||||||||||
COMMERCIAL SUPPORT SERVICES — 0.4% | ||||||||||||||
230,000 | Prime Security Services Borrower, LLC / Prime(a) | 5.7500 | 04/15/26 | 252,426 | ||||||||||
DIVERSIFIED INDUSTRIALS — 0.6% | ||||||||||||||
92,000 | General Electric Company | 6.7500 | 03/15/32 | 128,263 | ||||||||||
92,000 | General Electric Company | 5.8750 | 01/14/38 | 126,658 |
3
LEADERSHARES DYNAMIC YIELD ETF |
SCHEDULE OF INVESTMENTS (Unaudited) (Continued) |
July 31, 2021 |
Principal | Coupon Rate | |||||||||||||
Amount ($) | Spread | (%) | Maturity | Fair Value | ||||||||||
CORPORATE BONDS — 69.8% (Continued) | ||||||||||||||
DIVERSIFIED INDUSTRIALS — 0.6% (Continued) | ||||||||||||||
92,000 | General Electric Company | 4.3500 | 05/01/50 | $ | 113,467 | |||||||||
368,388 | ||||||||||||||
E-COMMERCE DISCRETIONARY — 0.5% | ||||||||||||||
138,000 | Amazon.com, Inc. | 3.1500 | 08/22/27 | 153,220 | ||||||||||
92,000 | Amazon.com, Inc. | 4.0500 | 08/22/47 | 113,796 | ||||||||||
267,016 | ||||||||||||||
ELECTRIC UTILITIES — 0.9% | ||||||||||||||
230,000 | FirstEnergy Corporation | 3.9000 | 07/15/27 | 256,479 | ||||||||||
184,000 | FirstEnergy Corporation | 7.3750 | 11/15/31 | 257,418 | ||||||||||
513,897 | ||||||||||||||
FOOD — 3.9% | ||||||||||||||
230,000 | Kraft Heinz Foods Company | 3.0000 | 06/01/26 | 244,400 | ||||||||||
230,000 | Kraft Heinz Foods Company | 3.8750 | 05/15/27 | 254,841 | ||||||||||
184,000 | Kraft Heinz Foods Company | 4.2500 | 03/01/31 | 211,854 | ||||||||||
138,000 | Kraft Heinz Foods Company(a) | 7.1250 | 08/01/39 | 206,135 | ||||||||||
184,000 | Kraft Heinz Foods Company | 5.0000 | 06/04/42 | 230,677 | ||||||||||
184,000 | Kraft Heinz Foods Company | 5.2000 | 07/15/45 | 233,521 | ||||||||||
184,000 | Kraft Heinz Foods Company | 4.3750 | 06/01/46 | 212,213 | ||||||||||
184,000 | Kraft Heinz Foods Company | 4.8750 | 10/01/49 | 229,710 | ||||||||||
230,000 | Post Holdings, Inc.(a) | 4.6250 | 04/15/30 | 234,622 | ||||||||||
230,000 | Post Holdings, Inc.(a) | 4.5000 | 09/15/31 | 233,057 | ||||||||||
2,291,030 | ||||||||||||||
HEALTH CARE FACILITIES & SERVICES — 6.2% | ||||||||||||||
230,000 | Centene Corporation | 4.6250 | 12/15/29 | 252,357 | ||||||||||
230,000 | Centene Corporation | 3.3750 | 02/15/30 | 240,296 | ||||||||||
230,000 | Centene Corporation | 3.0000 | 10/15/30 | 239,352 | ||||||||||
230,000 | Centene Corporation | 2.5000 | 03/01/31 | 230,624 | ||||||||||
230,000 | CHS/Community Health Systems, Inc.(a) | 6.8750 | 04/15/29 | 242,843 | ||||||||||
92,000 | CIGNA CORP 4.90% 12/15/2048 | 4.9000 | 12/15/48 | 122,309 | ||||||||||
138,000 | Cigna Corporation | 4.3750 | 10/15/28 | 162,364 | ||||||||||
92,000 | CVS Health Corp 5.050000 03/25/2048 | 5.0500 | 03/25/48 | 122,687 | ||||||||||
138,000 | CVS Health Corporation | 4.3000 | 03/25/28 | 159,794 | ||||||||||
92,000 | CVS Health Corporation | 4.7800 | 03/25/38 | 115,434 | ||||||||||
92,000 | CVS Health Corporation | 5.1250 | 07/20/45 | 121,814 |
4
LEADERSHARES DYNAMIC YIELD ETF |
SCHEDULE OF INVESTMENTS (Unaudited) (Continued) |
July 31, 2021 |
Principal | Coupon Rate | |||||||||||||
Amount ($) | Spread | (%) | Maturity | Fair Value | ||||||||||
CORPORATE BONDS — 69.8% (Continued) | ||||||||||||||
HEALTH CARE FACILITIES & SERVICES — 6.2% (Continued) | ||||||||||||||
230,000 | DaVita, Inc.(a) | 4.6250 | 06/01/30 | $ | 238,050 | |||||||||
230,000 | DaVita, Inc.(a) | 3.7500 | 02/15/31 | 223,651 | ||||||||||
184,000 | HCA, Inc. | 5.3750 | 02/01/25 | 208,776 | ||||||||||
184,000 | HCA, Inc. | 5.8750 | 02/15/26 | 214,130 | ||||||||||
184,000 | HCA, Inc. | 5.6250 | 09/01/28 | 221,540 | ||||||||||
230,000 | HCA, Inc. | 3.5000 | 09/01/30 | 249,912 | ||||||||||
230,000 | Tenet Healthcare Corporation(a) | 6.1250 | 10/01/28 | 245,248 | ||||||||||
3,611,181 | ||||||||||||||
HOME & OFFICE PRODUCTS — 0.4% | ||||||||||||||
184,000 | Newell Brands, Inc. | 4.2000 | 04/01/26 | 205,160 | ||||||||||
INSTITUTIONAL FINANCIAL SERVICES — 2.3% | ||||||||||||||
138,000 | Goldman Sachs Group, Inc. | 3.5000 | 04/01/25 | 149,886 | ||||||||||
138,000 | Goldman Sachs Group, Inc. | US0003M + 1.301% | 4.2230 | 05/01/29 | 158,737 | |||||||||
138,000 | Goldman Sachs Group, Inc. | SOFRRATE + 1.281% | 2.6150 | 04/22/32 | 142,822 | |||||||||
92,000 | Goldman Sachs Group, Inc. | 6.7500 | 10/01/37 | 136,188 | ||||||||||
92,000 | Goldman Sachs Group, Inc. | 6.2500 | 02/01/41 | 137,705 | ||||||||||
138,000 | Morgan Stanley | 3.8750 | 01/27/26 | 154,844 | ||||||||||
138,000 | Morgan Stanley | SOFRRATE + 0.879% | 1.5930 | 05/04/27 | 140,102 | |||||||||
138,000 | Morgan Stanley | US0003M + 1.628% | 4.4310 | 01/23/30 | 162,179 | |||||||||
138,000 | Morgan Stanley Series GMTN | SOFRRATE + 1.143% | 2.6990 | 01/22/31 | 145,463 | |||||||||
1,327,926 | ||||||||||||||
INTERNET MEDIA & SERVICES — 0.8% | ||||||||||||||
184,000 | Netflix, Inc. | 4.8750 | 04/15/28 | 215,525 | ||||||||||
184,000 | Netflix, Inc. | 5.8750 | 11/15/28 | 228,889 | ||||||||||
444,414 | ||||||||||||||
LEISURE FACILITIES & SERVICES — 2.4% | ||||||||||||||
230,000 | 1011778 BC ULC / New Red Finance, Inc.(a) | 4.0000 | 10/15/30 | 229,713 | ||||||||||
230,000 | Carnival Corporation(a) | 7.6250 | 03/01/26 | 243,224 | ||||||||||
230,000 | Carnival Corporation(a) | 5.7500 | 03/01/27 | 233,019 | ||||||||||
230,000 | Hilton Domestic Operating Company, Inc.(a) | 3.6250 | 02/15/32 | 229,746 | ||||||||||
230,000 | NCL Corporation Ltd.(a) | 5.8750 | 03/15/26 | 232,013 |
5
LEADERSHARES DYNAMIC YIELD ETF |
SCHEDULE OF INVESTMENTS (Unaudited) (Continued) |
July 31, 2021 |
Principal | Coupon Rate | |||||||||||||
Amount ($) | Spread | (%) | Maturity | Fair Value | ||||||||||
CORPORATE BONDS — 69.8% (Continued) | ||||||||||||||
LEISURE FACILITIES & SERVICES — 2.4% (Continued) | ||||||||||||||
230,000 | Royal Caribbean Cruises Ltd.(a) |
| 5.5000 | 04/01/28 | $ | 234,835 | ||||||||
1,402,550 | ||||||||||||||
MEDICAL EQUIPMENT & DEVICES — 0.2% | ||||||||||||||
92,000 | Abbott Laboratories | 4.9000 | 11/30/46 | 129,152 | ||||||||||
METALS & MINING — 1.3% | ||||||||||||||
230,000 | FMG Resources August 2006 Pty Ltd.(a) | 4.3750 | 04/01/31 | 250,700 | ||||||||||
184,000 | Freeport-McMoRan, Inc. | 5.4500 | 03/15/43 | 236,775 | ||||||||||
230,000 | Novelis Corporation(a) | 4.7500 | 01/30/30 | 245,216 | ||||||||||
732,691 | ||||||||||||||
OIL & GAS PRODUCERS — 5.9% | ||||||||||||||
230,000 | Apache Corporation | 5.1000 | 09/01/40 | 247,004 | ||||||||||
230,000 | Cheniere Energy Partners, L.P.(a) | 4.0000 | 03/01/31 | 243,582 | ||||||||||
230,000 | Comstock Resources, Inc.(a) | 6.7500 | 03/01/29 | 239,520 | ||||||||||
92,000 | ConocoPhillips | 6.5000 | 02/01/39 | 137,579 | ||||||||||
184,000 | Continental Resources Inc/OK(a) | 5.7500 | 01/15/31 | 222,059 | ||||||||||
230,000 | EQT Corporation | 3.9000 | 10/01/27 | 249,845 | ||||||||||
230,000 | New Fortress Energy, Inc.(a) | 6.5000 | 09/30/26 | 232,655 | ||||||||||
230,000 | NGL Energy Operating, LLC / NGL Energy Finance(a) | 7.5000 | 02/01/26 | 236,619 | ||||||||||
70,000 | Occidental Petroleum Corporation | 2.9000 | 08/15/24 | 70,614 | ||||||||||
230,000 | Occidental Petroleum Corporation | 3.5000 | 08/15/29 | 230,020 | ||||||||||
184,000 | Occidental Petroleum Corporation | 8.8750 | 07/15/30 | 248,539 | ||||||||||
184,000 | Occidental Petroleum Corporation | 6.6250 | 09/01/30 | 224,755 | ||||||||||
184,000 | Occidental Petroleum Corporation | 6.1250 | 01/01/31 | 217,617 | ||||||||||
184,000 | Occidental Petroleum Corporation | 6.4500 | 09/15/36 | 222,810 | ||||||||||
92,000 | Shell International Finance BV | 6.3750 | 12/15/38 | 137,288 | ||||||||||
92,000 | Shell International Finance BV | 4.3750 | 05/11/45 | 115,448 | ||||||||||
184,000 | Western Midstream Operating, L.P. | 5.3000 | 02/01/30 | 206,825 | ||||||||||
3,482,779 | ||||||||||||||
REAL ESTATE INVESTMENT TRUSTS — 1.6% | ||||||||||||||
230,000 | Iron Mountain, Inc.(a) | 5.2500 | 07/15/30 | 245,381 | ||||||||||
230,000 | MPT Operating Partnership, L.P. / MPT Finance | 3.5000 | 03/15/31 | 236,325 | ||||||||||
230,000 | SBA Communications Corporation | 3.8750 | 02/15/27 | 237,491 | ||||||||||
230,000 | SBA Communications Corporation(a) | 3.1250 | 02/01/29 | 226,207 |
6
LEADERSHARES DYNAMIC YIELD ETF |
SCHEDULE OF INVESTMENTS (Unaudited) (Continued) |
July 31, 2021 |
Principal | Coupon Rate | |||||||||||||
Amount ($) | Spread | (%) | Maturity | Fair Value | ||||||||||
CORPORATE BONDS — 69.8% (Continued) | ||||||||||||||
REAL ESTATE INVESTMENT TRUSTS — 1.6% (Continued) | ||||||||||||||
$ | 945,404 | |||||||||||||
RETAIL - CONSUMER STAPLES — 0.6% | ||||||||||||||
230,000 | Albertsons Companies Inc / Safeway Inc / New(a) | 3.5000 | 03/15/29 | 232,625 | ||||||||||
92,000 | Walmart, Inc. | 4.0500 | 06/29/48 | 117,431 | ||||||||||
350,056 | ||||||||||||||
RETAIL - DISCRETIONARY — 0.6% | ||||||||||||||
92,000 | Home Depot, Inc. | 5.8750 | 12/16/36 | 133,821 | ||||||||||
230,000 | Magic MergerCo, Inc.(a) | 7.8750 | 05/01/29 | 238,974 | ||||||||||
372,795 | ||||||||||||||
SEMICONDUCTORS — 0.5% | ||||||||||||||
138,000 | Broadcom Corp / Broadcom Cayman Finance Ltd. | 3.8750 | 01/15/27 | 153,090 | ||||||||||
138,000 | Broadcom, Inc. | 4.7500 | 04/15/29 | 162,104 | ||||||||||
315,194 | ||||||||||||||
SOFTWARE — 2.0% | ||||||||||||||
138,000 | Microsoft Corporation | 2.4000 | 08/08/26 | 147,787 | ||||||||||
138,000 | Microsoft Corporation | 3.3000 | 02/06/27 | 154,283 | ||||||||||
138,000 | Microsoft Corporation | 2.5250 | 06/01/50 | 138,124 | ||||||||||
138,000 | Microsoft Corporation | 2.9210 | 03/17/52 | 149,122 | ||||||||||
138,000 | Microsoft Corporation | 2.6750 | 06/01/60 | 139,569 | ||||||||||
138,000 | ORACLE CORP 2.50% 04/01/2025 | 2.5000 | 04/01/25 | 145,314 | ||||||||||
138,000 | ORACLE CORP 3.60% 04/01/2050 | 3.6000 | 04/01/50 | 144,403 | ||||||||||
138,000 | Oracle Corporation | 3.8500 | 04/01/60 | 148,144 | ||||||||||
1,166,746 | ||||||||||||||
SPECIALTY FINANCE — 0.7% | ||||||||||||||
184,000 | OneMain Finance Corporation | 6.8750 | 03/15/25 | 209,185 | ||||||||||
184,000 | OneMain Finance Corporation | 7.1250 | 03/15/26 | 216,890 | ||||||||||
426,075 | ||||||||||||||
TECHNOLOGY HARDWARE — 1.9% | ||||||||||||||
92,000 | Apple Inc 4.650000 02/23/2046 | 4.6500 | 02/23/46 | 123,703 | ||||||||||
138,000 | Apple, Inc. | 2.4000 | 05/03/23 | 143,164 | ||||||||||
138,000 | Apple, Inc. | 3.2500 | 02/23/26 | 151,740 | ||||||||||
138,000 | Apple, Inc. | 3.8500 | 05/04/43 | 166,139 | ||||||||||
92,000 | Dell International, LLC / EMC Corporation | 6.0200 | 06/15/26 | 110,781 | ||||||||||
230,000 | Imola Merger Corporation(a) | 4.7500 | 05/15/29 | 237,701 |
7
LEADERSHARES DYNAMIC YIELD ETF |
SCHEDULE OF INVESTMENTS (Unaudited) (Continued) |
July 31, 2021 |
Principal | Coupon Rate | |||||||||||||
Amount ($) | Spread | (%) | Maturity | Fair Value | ||||||||||
CORPORATE BONDS — 69.8% (Continued) | ||||||||||||||
TECHNOLOGY HARDWARE — 1.9% (Continued) | ||||||||||||||
184,000 | Western Digital Corporation | 4.7500 | 02/15/26 | $ | 204,470 | |||||||||
1,137,698 | ||||||||||||||
TECHNOLOGY SERVICES — 0.5% | ||||||||||||||
138,000 | Visa, Inc. | 3.1500 | 12/14/25 | 151,462 | ||||||||||
92,000 | Visa, Inc. | 4.3000 | 12/14/45 | 119,441 | ||||||||||
270,903 | ||||||||||||||
TELECOMMUNICATIONS — 10.8% | ||||||||||||||
138,000 | AT&T, Inc. | 4.3500 | 03/01/29 | 160,589 | ||||||||||
138,000 | AT&T, Inc. | 4.3000 | 02/15/30 | 160,873 | ||||||||||
138,000 | AT&T, Inc.(a) | 2.5500 | 12/01/33 | 139,285 | ||||||||||
138,000 | AT&T, Inc.(a) | 3.5000 | 09/15/53 | 142,781 | ||||||||||
138,000 | AT&T, Inc. Series 144A B(a) | 3.5500 | 09/15/55 | 142,720 | ||||||||||
138,000 | AT&T, Inc.(a) | 3.8000 | 12/01/57 | 146,948 | ||||||||||
138,000 | AT&T, Inc.(a) | 3.6500 | 09/15/59 | 142,773 | ||||||||||
92,000 | British Telecommunications plc | 9.6250 | 12/15/30 | 142,191 | ||||||||||
92,000 | Deutsche Telekom International Finance BV | 8.7500 | 06/15/30 | 139,172 | ||||||||||
184,000 | Embarq Corporation | 7.9950 | 06/01/36 | 206,370 | ||||||||||
230,000 | Frontier Communications Corporation(a) | 5.0000 | 05/01/28 | 238,217 | ||||||||||
92,000 | Orange S.A. | 9.0000 | 03/01/31 | 146,049 | ||||||||||
184,000 | Sprint Capital Corporation | 6.8750 | 11/15/28 | 237,590 | ||||||||||
138,000 | Sprint Capital Corporation | 8.7500 | 03/15/32 | 212,882 | ||||||||||
184,000 | Sprint Corporation | 7.8750 | 09/15/23 | 208,437 | ||||||||||
184,000 | Sprint Corporation | 7.1250 | 06/15/24 | 211,784 | ||||||||||
184,000 | Sprint Corporation | 7.6250 | 02/15/25 | 217,139 | ||||||||||
184,000 | Sprint Corporation | 7.6250 | 03/01/26 | 224,992 | ||||||||||
184,000 | Telecom Italia Capital S.A. | 7.2000 | 07/18/36 | 237,235 | ||||||||||
184,000 | Telecom Italia Capital S.A. | 7.7210 | 06/04/38 | 247,431 | ||||||||||
230,000 | T-Mobile USA, Inc. | 3.5000 | 04/15/31 | 241,551 | ||||||||||
138,000 | Verizon Communications, Inc. | 4.1250 | 03/16/27 | 158,158 | ||||||||||
138,000 | Verizon Communications, Inc. | 4.3290 | 09/21/28 | 161,931 | ||||||||||
138,000 | Verizon Communications, Inc. | 4.0160 | 12/03/29 | 159,724 | ||||||||||
138,000 | Verizon Communications, Inc. | 2.5500 | 03/21/31 | 143,389 | ||||||||||
92,000 | Verizon Communications, Inc. | 4.5000 | 08/10/33 | 112,116 | ||||||||||
138,000 | Verizon Communications, Inc. | 3.4000 | 03/22/41 | 149,305 |
8
LEADERSHARES DYNAMIC YIELD ETF |
SCHEDULE OF INVESTMENTS (Unaudited) (Continued) |
July 31, 2021 |
Principal | Coupon Rate | |||||||||||||
Amount ($) | Spread | (%) | Maturity | Fair Value | ||||||||||
CORPORATE BONDS — 69.8% (Continued) | ||||||||||||||
TELECOMMUNICATIONS — 10.8% (Continued) | ||||||||||||||
92,000 | Verizon Communications, Inc. | 4.8620 | 08/21/46 | $ | 121,295 | |||||||||
92,000 | Verizon Communications, Inc. | 4.5220 | 09/15/48 | 116,367 | ||||||||||
138,000 | Verizon Communications, Inc. | 3.5500 | 03/22/51 | 150,468 | ||||||||||
138,000 | Verizon Communications, Inc. | 3.7000 | 03/22/61 | 152,826 | ||||||||||
138,000 | Vodafone Group plc | 4.3750 | 05/30/28 | 161,653 | ||||||||||
92,000 | Vodafone Group plc | 5.2500 | 05/30/48 | 122,735 | ||||||||||
184,000 | Vodafone Group plc | USD SWAP SEMI 30/360 5YR + 4.873% | 7.0000 | 04/04/79 | 228,558 | |||||||||
230,000 | Windstream Escrow, LLC / Windstream Escrow Finance(a) | 7.7500 | 08/15/28 | 234,928 | ||||||||||
230,000 | Zayo Group Holdings, Inc. B(a) | 4.0000 | 03/01/27 | 228,850 | ||||||||||
6,349,312 | ||||||||||||||
TOBACCO & CANNABIS — 0.3% | ||||||||||||||
138,000 | BAT Capital Corporation | 3.5570 | 08/15/27 | 149,449 | ||||||||||
TRANSPORTATION & LOGISTICS — 2.8% | ||||||||||||||
184,000 | American Airlines, Inc.(a) | 11.7500 | 07/15/25 | 230,230 | ||||||||||
230,000 | American Airlines, Inc./AAdvantage Loyalty IP Ltd.(a) | 5.5000 | 04/20/26 | 240,925 | ||||||||||
230,000 | American Airlines, Inc./AAdvantage Loyalty IP Ltd.(a) | 5.7500 | 04/20/29 | 248,443 | ||||||||||
184,000 | Delta Air Lines, Inc. | 7.3750 | 01/15/26 | 216,679 | ||||||||||
230,000 | Hawaiian Brand Intellectual Property Ltd. /(a) | 5.7500 | 01/20/26 | 241,383 | ||||||||||
230,000 | United Airlines, Inc.(a) | 4.3750 | 04/15/26 | 236,930 | ||||||||||
230,000 | United Airlines, Inc.(a) | 4.6250 | 04/15/29 | 237,579 | ||||||||||
1,652,169 | ||||||||||||||
TOTAL CORPORATE BONDS (Cost $40,632,928) | 40,892,361 | |||||||||||||
U.S. GOVERNMENT & AGENCIES — 28.3% | ||||||||||||||
U.S. TREASURY BILLS — 28.3% | ||||||||||||||
4,060,000 | United States Treasury Note | 1.6250 | 05/15/31 | 4,204,320 | ||||||||||
6,440,000 | United States Treasury Note | 2.2500 | 05/15/41 | 6,910,925 | ||||||||||
4,922,000 | United States Treasury Note | 2.3750 | 05/15/51 | 5,459,190 |
9
LEADERSHARES DYNAMIC YIELD ETF |
SCHEDULE OF INVESTMENTS (Unaudited) (Continued) |
July 31, 2021 |
Principal | Coupon Rate | |||||||||||
Amount ($) | (%) | Maturity | Fair Value | |||||||||
U.S. GOVERNMENT & AGENCIES — 28.3% (Continued) | ||||||||||||
U.S. TREASURY BILLS — 28.3% (Continued) | $ | 16,574,435 | ||||||||||
TOTAL U.S. GOVERNMENT & AGENCIES (Cost $16,160,381) | 16,574,435 | |||||||||||
TOTAL INVESTMENTS – 98.1% (Cost $56,793,309) | $ | 57,466,796 | ||||||||||
OTHER ASSETS IN EXCESS OF LIABILITIES- 1.9% | 1,104,196 | |||||||||||
NET ASSETS – 100.0% | $ | 58,570,992 |
ETF | - Exchange-Traded Fund |
LLC | - Limited Liability Company |
LP | - Limited Partnership |
LTD | - Limited Company |
PLC | - Public Limited Company |
REIT | - Real Estate Investment Trust |
S/A | - Société Anonyme |
ICE LIBOR USD 3 Month | ICE LIBOR USD 3 Month |
SOFRRATE | United States SOFR Secured Overnight Financing Rate |
US0003M | ICE LIBOR USD 3 Month |
USD SWAP SEMI 30/360 5YR | USD SWAP SEMI 30/360 5YR |
10
LEADERSHARES ACTIVIST LEADERS ETF |
SCHEDULE OF INVESTMENTS (Unaudited) |
July 31, 2021 |
Shares | Fair Value | |||||||
COMMON STOCKS — 99.1% | ||||||||
ASSET MANAGEMENT - 8.2% | ||||||||
75,292 | Invesco Ltd. | $ | 1,835,619 | |||||
44,421 | Janus Henderson Group PLC | 1,858,575 | ||||||
28,946 | KKR & Company, Inc. | 1,845,597 | ||||||
5,539,791 | ||||||||
BIOTECH & PHARMA - 8.3% | ||||||||
63,146 | Bausch Health Companies, Inc.(a) | 1,847,021 | ||||||
131,708 | Innoviva, Inc.(a) | 1,867,619 | ||||||
138,756 | Ironwood Pharmaceuticals, Inc.(a) | 1,841,292 | ||||||
5,555,932 | ||||||||
CHEMICALS - 2.7% | ||||||||
79,267 | GCP Applied Technologies, Inc.(a) | 1,842,958 | ||||||
ENGINEERING & CONSTRUCTION - 2.8% | ||||||||
29,290 | AECOM(a) | 1,844,098 | ||||||
FOOD - 5.5% | ||||||||
45,920 | Hain Celestial Group, Inc.(a) | 1,832,667 | ||||||
40,920 | TreeHouse Foods, Inc.(a) | 1,816,848 | ||||||
3,649,515 | ||||||||
HEALTH CARE FACILITIES & SERVICES - 5.5% | ||||||||
19,561 | Magellan Health, Inc.(a) | 1,844,993 | ||||||
62,699 | MEDNAX, Inc.(a) | 1,825,795 | ||||||
3,670,788 | ||||||||
HOME & OFFICE PRODUCTS - 2.6% | ||||||||
71,305 | Newell Brands, Inc. | 1,764,799 | ||||||
INSURANCE - 2.8% | ||||||||
35,478 | eHealth, Inc.(a) | 1,845,211 | ||||||
LEISURE FACILITIES & SERVICES - 5.5% | ||||||||
16,096 | Papa John’s International, Inc. | 1,836,876 | ||||||
27,284 | Restaurant Brands International, Inc. | 1,860,495 | ||||||
3,697,371 | ||||||||
MACHINERY - 2.8% | ||||||||
78,788 | Welbilt, Inc.(a) | 1,850,730 |
11
LEADERSHARES ACTIVIST LEADERS ETF |
SCHEDULE OF INVESTMENTS (Unaudited) (Continued) |
July 31, 2021 |
Shares | Fair Value | |||||||
COMMON STOCKS — 99.1% (Continued) | ||||||||
MEDICAL EQUIPMENT & DEVICES - 2.9% | ||||||||
27,467 | Merit Medical Systems, Inc.(a) | $ | 1,925,162 | |||||
OIL & GAS PRODUCERS - 8.2% | ||||||||
21,243 | Cheniere Energy, Inc.(a) | 1,804,168 | ||||||
106,434 | Delek US Holdings, Inc. | 1,849,823 | ||||||
70,168 | Occidental Petroleum Corporation | 1,831,385 | ||||||
5,485,376 | ||||||||
REAL ESTATE OWNERS & DEVELOPERS - 2.8% | ||||||||
19,985 | Howard Hughes Corporation(a) | 1,852,809 | ||||||
SOFTWARE - 13.7% | ||||||||
53,332 | ACI Worldwide, Inc.(a) | 1,829,288 | ||||||
76,681 | Box, Inc., Class A(a) | 1,834,210 | ||||||
114,478 | Cloudera, Inc.(a) | 1,816,766 | ||||||
24,475 | CommVault Systems, Inc.(a) | 1,850,065 | ||||||
80,794 | Evolent Health, Inc., Class A(a) | 1,853,414 | ||||||
9,183,743 | ||||||||
SPECIALTY FINANCE - 2.7% | ||||||||
97,446 | SLM Corporation | 1,834,908 | ||||||
TECHNOLOGY HARDWARE - 5.5% | ||||||||
21,065 | Seagate Technology Holdings plc | 1,851,614 | ||||||
76,688 | Xerox Holdings Corporation | 1,850,481 | ||||||
3,702,095 | ||||||||
TECHNOLOGY SERVICES - 11.0% | ||||||||
274,922 | Conduent, Inc.(a) | 1,844,727 | ||||||
39,882 | Green Dot Corporation, Class A(a) | 1,837,364 | ||||||
18,515 | Insight Enterprises, Inc.(a) | 1,858,535 | ||||||
77,835 | Nielsen Holdings plc | 1,843,911 | ||||||
7,384,537 | ||||||||
TRANSPORTATION EQUIPMENT - 2.8% | ||||||||
68,466 | Trinity Industries, Inc. | 1,856,114 |
12
LEADERSHARES ACTIVIST LEADERS ETF |
SCHEDULE OF INVESTMENTS (Unaudited) (Continued) |
July 31, 2021 |
Shares | Fair Value | |||||||
COMMON STOCKS — 99.1% (Continued) | ||||||||
WHOLESALE - DISCRETIONARY - 2.8% | ||||||||
36,440 | LKQ Corporation(a) | $ | 1,849,330 | |||||
TOTAL COMMON STOCKS (Cost $57,431,319) | 66,335,267 | |||||||
TOTAL INVESTMENTS - 99.1% (Cost $57,431,319) | $ | 66,335,267 | ||||||
OTHER ASSETS IN EXCESS OF LIABILITIES - 0.9% | 623,091 | |||||||
NET ASSETS - 100.0% | $ | 66,958,358 |
LTD | - Limited Company |
PLC | - Public Limited Company |
(a) | Non-income producing security. |
13
LEADERSHARES ALPHAFACTOR TACTICAL FOCUSED ETF |
SCHEDULE OF INVESTMENTS (Unaudited) |
July 31, 2021 |
Shares | Fair Value | |||||||
COMMON STOCKS — 96.0% | ||||||||
AEROSPACE & DEFENSE - 3.4% | ||||||||
17,263 | L3Harris Technologies, Inc. | $ | 3,914,213 | |||||
APPAREL & TEXTILE PRODUCTS - 3.5% | ||||||||
23,957 | NIKE, Inc., Class B | 4,013,037 | ||||||
ASSET MANAGEMENT - 3.4% | ||||||||
14,989 | Ameriprise Financial, Inc. | 3,860,567 | ||||||
AUTOMOTIVE - 3.3% | ||||||||
111,762 | Gentex Corporation | 3,803,261 | ||||||
BIOTECH & PHARMA - 3.2% | ||||||||
15,273 | Amgen, Inc. | 3,689,040 | ||||||
CABLE & SATELLITE - 6.2% | ||||||||
108,756 | Altice USA, Inc., Class A(a) | 3,342,072 | ||||||
574,452 | Sirius XM Holdings, Inc. | 3,716,704 | ||||||
7,058,776 | ||||||||
COMMERCIAL SUPPORT SERVICES - 7.1% | ||||||||
158,199 | H&R Block, Inc. | 3,883,785 | ||||||
42,295 | Robert Half International, Inc. | 4,153,792 | ||||||
8,037,577 | ||||||||
ELECTRICAL EQUIPMENT - 3.5% | ||||||||
24,547 | Keysight Technologies, Inc.(a) | 4,039,209 | ||||||
HOUSEHOLD PRODUCTS - 3.1% | ||||||||
66,300 | Nu Skin Enterprises, Inc., Class A | 3,559,647 | ||||||
INSTITUTIONAL FINANCIAL SERVICES - 6.4% | ||||||||
111,381 | Jefferies Financial Group, Inc. | 3,696,736 | ||||||
60,043 | SEI Investments Company | 3,650,614 | ||||||
7,347,350 | ||||||||
INSURANCE - 16.4% | ||||||||
69,717 | Aflac, Inc. | 3,834,435 |
14
LEADERSHARES ALPHAFACTOR TACTICAL FOCUSED ETF |
SCHEDULE OF INVESTMENTS (Unaudited) (Continued) |
July 31, 2021 |
Shares | Fair Value | |||||||
COMMON STOCKS — 96.0% (Continued) | ||||||||
INSURANCE - 16.4% (Continued) | ||||||||
28,279 | Allstate Corporation | $ | 3,677,684 | |||||
29,998 | American Financial Group, Inc. | 3,794,447 | ||||||
13,470 | Berkshire Hathaway, Inc., Class B(a) | 3,748,566 | ||||||
27,422 | Hanover Insurance Group, Inc. | 3,726,650 | ||||||
18,781,782 | ||||||||
INTERNET MEDIA & SERVICES - 3.1% | ||||||||
16,454 | VeriSign, Inc.(a) | 3,560,152 | ||||||
MORTGAGE FINANCE - 3.1% | ||||||||
221,196 | AGNC Investment Corporation | 3,510,381 | ||||||
OFFICE REIT - 3.0% | ||||||||
45,838 | SL Green Realty Corporation | 3,413,097 | ||||||
RETAIL - CONSUMER STAPLES - 10.6% | ||||||||
188,468 | Albertsons Companies, Inc. | 4,070,909 | ||||||
17,349 | Dollar General Corporation | 4,036,071 | ||||||
98,391 | Kroger Company | 4,004,514 | ||||||
12,111,494 | ||||||||
SEMICONDUCTORS - 3.2% | ||||||||
67,254 | Intel Corporation | 3,612,885 | ||||||
SOFTWARE - 3.6% | ||||||||
47,544 | Oracle Corporation | 4,142,984 | ||||||
TECHNOLOGY HARDWARE - 9.9% | ||||||||
32,722 | Arrow Electronics, Inc.(a) | 3,879,847 | ||||||
123,939 | HP, Inc. | 3,578,119 | ||||||
158,237 | Xerox Holdings Corporation | 3,818,259 | ||||||
11,276,225 | ||||||||
TOTAL COMMON STOCKS (Cost $97,506,100) | 109,731,677 |
15
LEADERSHARES ALPHAFACTOR TACTICAL FOCUSED ETF |
SCHEDULE OF INVESTMENTS (Unaudited) (Continued) |
July 31, 2021 |
Shares | Fair Value | |||||||
REITS — 3.3% | ||||||||
REITS - 3.3% | ||||||||
269,050 | Brandywine Realty Trust | $ | 3,755,938 | |||||
TOTAL REITS (Cost $3,322,332) | 3,755,938 | |||||||
TOTAL INVESTMENTS - 99.3% (Cost $100,828,432) | $ | 113,487,615 | ||||||
OTHER ASSETS IN EXCESS OF LIABILITIES- 0.7% | 782,907 | |||||||
NET ASSETS - 100.0% | $ | 114,270,522 |
REIT | - Real Estate Investment Trust |
(a) | Non-income producing security. |
See accompanying notes which are an integral part of this schedule of investments.
16
LEADERSHARES ALPHAFACTOR US CORE EQUITY ETF |
SCHEDULE OF INVESTMENTS (Unaudited) |
July 31, 2021 |
Shares | Fair Value | |||||||
COMMON STOCKS — 99.4% | ||||||||
AEROSPACE & DEFENSE - 1.0% | ||||||||
15,198 | Textron, Inc. | $ | 1,048,814 | |||||
APPAREL & TEXTILE PRODUCTS - 1.0% | ||||||||
2,682 | Deckers Outdoor Corporation(a) | 1,101,900 | ||||||
ASSET MANAGEMENT - 1.9% | ||||||||
4,166 | Ameriprise Financial, Inc. | 1,072,995 | ||||||
32,512 | Franklin Resources, Inc. | 960,730 | ||||||
2,033,725 | ||||||||
AUTOMOTIVE - 2.0% | ||||||||
21,288 | BorgWarner, Inc. | 1,042,686 | ||||||
31,003 | Gentex Corporation | 1,055,032 | ||||||
2,097,718 | ||||||||
BANKING - 0.9% | ||||||||
12,006 | BOK Financial Corporation | 1,008,624 | ||||||
CABLE & SATELLITE - 1.9% | ||||||||
30,285 | Altice USA, Inc., Class A(a) | 930,658 | ||||||
1,448 | Charter Communications, Inc., Class A(a) | 1,077,384 | ||||||
2,008,042 | ||||||||
CHEMICALS - 3.9% | ||||||||
6,843 | Celanese Corporation | 1,065,934 | ||||||
13,335 | DuPont de Nemours, Inc. | 1,000,792 | ||||||
3,807 | Sherwin-Williams Company | 1,107,951 | ||||||
31,900 | Valvoline, Inc. | 978,692 | ||||||
4,153,369 | ||||||||
COMMERCIAL SUPPORT SERVICES - 3.1% | ||||||||
7,633 | FTI Consulting, Inc.(a) | 1,112,128 | ||||||
8,765 | ManpowerGroup, Inc. | 1,039,354 | ||||||
11,740 | Robert Half International, Inc. | 1,152,985 | ||||||
3,304,467 | ||||||||
CONSTRUCTION MATERIALS - 2.0% | ||||||||
5,455 | Carlisle Companies, Inc. | 1,103,220 |
17
LEADERSHARES ALPHAFACTOR US CORE EQUITY ETF |
SCHEDULE OF INVESTMENTS (Unaudited) (Continued) |
July 31, 2021 |
Shares | Fair Value | |||||||
COMMON STOCKS — 99.4% (Continued) | ||||||||
CONSTRUCTION MATERIALS - 2.0% (Continued) | ||||||||
10,521 | Owens Corning | $ | 1,011,699 | |||||
2,114,919 | ||||||||
CONTAINERS & PACKAGING - 0.9% | ||||||||
17,636 | Sealed Air Corporation | 1,000,843 | ||||||
DIVERSIFIED INDUSTRIALS - 1.0% | ||||||||
4,752 | Honeywell International, Inc. | 1,110,970 | ||||||
E-COMMERCE DISCRETIONARY - 1.0% | ||||||||
14,948 | eBay, Inc. | 1,019,603 | ||||||
ELECTRICAL EQUIPMENT – 3.9% | ||||||||
14,525 | A O Smith Corporation | 1,021,543 | ||||||
5,938 | Acuity Brands, Inc. | 1,041,406 | ||||||
6,816 | Keysight Technologies, Inc.(a) | 1,121,573 | ||||||
3,016 | Lennox International, Inc. | 993,561 | ||||||
4,178,083 | ||||||||
ENGINEERING & CONSTRUCTION - 1.0% | ||||||||
16,447 | AECOM(a) | 1,035,503 | ||||||
FOOD - 1.0% | ||||||||
6,027 | Hershey Company (The) | 1,078,110 | ||||||
FORESTRY, PAPER & WOOD PRODUCTS - 0.9% | ||||||||
17,321 | Louisiana-Pacific Corporation | 960,276 | ||||||
HEALTH CARE FACILITIES & SERVICES - 6.1% | ||||||||
4,002 | Amedisys, Inc.(a) | 1,043,001 | ||||||
2,729 | Anthem, Inc. | 1,047,963 | ||||||
4,399 | Cigna Corporation | 1,009,527 | ||||||
8,548 | DaVita, Inc.(a) | 1,027,897 | ||||||
4,954 | HCA Healthcare, Inc. | 1,229,582 | ||||||
4,094 | Molina Healthcare, Inc.(a) | 1,117,703 | ||||||
6,475,673 |
18
LEADERSHARES ALPHAFACTOR US CORE EQUITY ETF |
SCHEDULE OF INVESTMENTS (Unaudited) (Continued) |
July 31, 2021 |
Shares | Fair Value | |||||||
COMMON STOCKS — 99.4% (Continued) | ||||||||
HOME & OFFICE PRODUCTS - 1.0% | ||||||||
25,213 | Tempur Sealy International, Inc. | $ | 1,090,967 | |||||
HOME CONSTRUCTION - 4.9% | ||||||||
17,805 | Masco Corporation | 1,063,136 | ||||||
5,304 | Mohawk Industries, Inc.(a) | 1,033,750 | ||||||
201 | NVR, Inc.(a) | 1,049,743 | ||||||
18,741 | PulteGroup, Inc. | 1,028,319 | ||||||
17,761 | Toll Brothers, Inc. | 1,052,694 | ||||||
5,227,642 | ||||||||
INDUSTRIAL SUPPORT SERVICES - 1.0% | ||||||||
2,358 | WW Grainger, Inc. | 1,048,320 | ||||||
INSTITUTIONAL FINANCIAL SERVICES - 3.0% | ||||||||
2,780 | Goldman Sachs Group, Inc. | 1,042,166 | ||||||
30,917 | Jefferies Financial Group, Inc. | 1,026,135 | ||||||
12,497 | State Street Corporation | 1,088,989 | ||||||
3,157,290 | ||||||||
INSURANCE - 6.8% | ||||||||
7,861 | Allstate Corporation (The) | 1,022,323 | ||||||
8,340 | American Financial Group, Inc. | 1,054,927 | ||||||
3,747 | Berkshire Hathaway, Inc., Class B(a) | 1,042,753 | ||||||
33,950 | Equitable Holdings, Inc. | 1,048,037 | ||||||
18,945 | Loews Corporation | 1,016,020 | ||||||
17,306 | MetLife, Inc. | 998,556 | ||||||
16,793 | Voya Financial, Inc. | 1,081,469 | ||||||
7,264,085 | ||||||||
INTERNET MEDIA & SERVICES - 2.9% | ||||||||
427 | Alphabet, Inc., Class A(a) | 1,150,565 | ||||||
2,964 | Facebook, Inc., Class A(a) | 1,056,073 | ||||||
3,887 | Spotify Technology S.A.(a) | 888,840 | ||||||
3,095,478 | ||||||||
LEISURE FACILITIES & SERVICES - 1.9% | ||||||||
5,270 | Churchill Downs, Inc. | 979,166 |
19
LEADERSHARES ALPHAFACTOR US CORE EQUITY ETF |
SCHEDULE OF INVESTMENTS (Unaudited) (Continued) |
July 31, 2021 |
Shares | Fair Value | |||||||
COMMON STOCKS — 99.4% (Continued) | ||||||||
LEISURE FACILITIES & SERVICES - 1.9% (Continued) | ||||||||
14,327 | Wyndham Hotels & Resorts, Inc. | $ | 1,032,404 | |||||
2,011,570 | ||||||||
LEISURE PRODUCTS - 1.0% | ||||||||
7,779 | Polaris, Inc. | 1,019,594 | ||||||
MACHINERY - 1.0% | ||||||||
9,467 | Toro Company | 1,076,777 | ||||||
MEDICAL EQUIPMENT & DEVICES - 5.3% | ||||||||
7,099 | Agilent Technologies, Inc. | 1,087,780 | ||||||
13,701 | Bruker Corporation | 1,126,907 | ||||||
754 | Mettler-Toledo International, Inc.(a) | 1,111,177 | ||||||
2,061 | Thermo Fisher Scientific, Inc. | 1,112,961 | ||||||
2,986 | Waters Corporation(a) | 1,163,973 | ||||||
5,602,798 | ||||||||
PUBLISHING & BROADCASTING - 1.0% | ||||||||
6,899 | Nexstar Media Group, Inc., Class A | 1,014,636 | ||||||
RETAIL - CONSUMER STAPLES - 4.2% | ||||||||
4,815 | Dollar General Corporation | 1,120,162 | ||||||
27,416 | Kroger Company | 1,115,831 | ||||||
4,315 | Target Corporation | 1,126,431 | ||||||
7,526 | Walmart, Inc. | 1,072,831 | ||||||
4,435,255 | ||||||||
RETAIL - DISCRETIONARY - 9.8% | ||||||||
10,672 | AutoNation, Inc.(a) | 1,294,833 | ||||||
8,981 | Best Buy Company, Inc. | 1,009,015 | ||||||
16,733 | Foot Locker, Inc. | 954,785 | ||||||
3,263 | Home Depot, Inc. | 1,070,884 | ||||||
18,954 | Kohl’s Corporation | 962,863 | ||||||
14,240 | L Brands, Inc. | 1,140,197 | ||||||
5,352 | Lowe’s Companies, Inc. | 1,031,277 | ||||||
1,826 | O’Reilly Automotive, Inc.(a) | 1,102,612 | ||||||
80,199 | Qurate Retail, Inc. - Series A | 951,160 |
20
LEADERSHARES ALPHAFACTOR US CORE EQUITY ETF |
SCHEDULE OF INVESTMENTS (Unaudited) (Continued) |
July 31, 2021 |
Shares | Fair Value | |||||||
COMMON STOCKS — 99.4% (Continued) | ||||||||
RETAIL - DISCRETIONARY - 9.8% (Continued) | ||||||||
6,532 | Williams-Sonoma, Inc. | $ | 990,904 | |||||
10,508,530 | ||||||||
SEMICONDUCTORS - 5.0% | ||||||||
12,438 | Cirrus Logic, Inc.(a) | 1,027,254 | ||||||
3,332 | KLA Corporation | 1,160,069 | ||||||
1,645 | Lam Research Corporation | 1,048,539 | ||||||
5,400 | Qorvo, Inc.(a) | 1,023,786 | ||||||
7,423 | QUALCOMM, Inc. | 1,111,965 | ||||||
5,371,613 | ||||||||
SOFTWARE - 1.1% | ||||||||
13,190 | Oracle Corporation | 1,149,377 | ||||||
SPECIALTY FINANCE - 1.9% | ||||||||
23,650 | Fidelity National Financial, Inc. | 1,055,026 | ||||||
49,706 | SLM Corporation | 935,964 | ||||||
1,990,990 | ||||||||
STEEL - 1.1% | ||||||||
10,812 | Nucor Corporation | 1,124,664 | ||||||
TECHNOLOGY HARDWARE - 3.0% | ||||||||
7,654 | Apple, Inc. | 1,116,413 | ||||||
9,080 | Arrow Electronics, Inc.(a) | 1,076,616 | ||||||
34,481 | HP, Inc. | 995,466 | ||||||
3,188,495 | ||||||||
TECHNOLOGY SERVICES - 4.2% | ||||||||
5,937 | CDW Corporation/DE | 1,088,549 | ||||||
2,078 | Fair Isaac Corporation(a) | 1,088,685 | ||||||
4,225 | Gartner, Inc.(a) | 1,118,484 | ||||||
1,957 | MSCI, Inc. | 1,166,294 | ||||||
4,462,012 | ||||||||
TRANSPORTATION & LOGISTICS - 3.9% | ||||||||
3,676 | Kansas City Southern | 984,433 | ||||||
3,904 | Norfolk Southern Corporation | 1,006,568 | ||||||
4,059 | Old Dominion Freight Line, Inc. | 1,092,480 |
21
LEADERSHARES ALPHAFACTOR US CORE EQUITY ETF |
SCHEDULE OF INVESTMENTS (Unaudited) (Continued) |
July 31, 2021 |
Shares | Fair Value | |||||||
COMMON STOCKS — 99.4% (Continued) | ||||||||
TRANSPORTATION & LOGISTICS - 3.9% (Continued) | ||||||||
4,696 | Union Pacific Corporation | $ | 1,027,297 | |||||
4,110,778 | ||||||||
TRANSPORTATION EQUIPMENT - 0.9% | ||||||||
4,333 | Cummins, Inc. | 1,005,689 | ||||||
WHOLESALE - DISCRETIONARY - 1.0% | ||||||||
20,806 | LKQ Corporation(a) | 1,055,905 | ||||||
TOTAL COMMON STOCKS (Cost $101,479,038) | 105,743,104 | |||||||
TOTAL INVESTMENTS - 99.4% (Cost $101,479,038) | $ | 105,743,104 | ||||||
OTHER ASSETS IN EXCESS OF LIABILITIES- 0.6% | 598,760 | |||||||
NET ASSETS - 100.0% | $ | 106,341,864 |
MSCI | - Morgan Stanley Capital International |
S/A | - Société Anonyme |
(a) | Non-income producing security. |
22
LEADERSHARES EQUITY SKEW ETF |
SCHEDULE OF INVESTMENTS (Unaudited) |
July 31, 2021 |
Shares | Fair Value | |||||||
COMMON STOCKS — 24.9% | ||||||||
AEROSPACE & DEFENSE - 0.8% | ||||||||
1,016 | Boeing Company | $ | 230,104 | |||||
431 | General Dynamics Corporation | 84,489 | ||||||
236 | Lockheed Martin Corporation | 87,714 | ||||||
268 | Northrop Grumman Corporation | 97,289 | ||||||
2,759 | Raytheon Technologies Corporation | 239,895 | ||||||
739,491 | ||||||||
APPAREL & TEXTILE PRODUCTS - 0.2% | ||||||||
824 | NIKE, Inc., Class B | 138,028 | ||||||
ASSET MANAGEMENT - 0.3% | ||||||||
217 | Ameriprise Financial, Inc. | 55,891 | ||||||
67 | BlackRock, Inc. | 58,100 | ||||||
2,735 | Charles Schwab Corporation | 185,843 | ||||||
299,834 | ||||||||
AUTOMOTIVE - 0.3% | ||||||||
7,286 | Ford Motor Company | 101,640 | ||||||
2,310 | General Motors Company | 131,300 | ||||||
232,940 | ||||||||
BANKING - 2.6% | ||||||||
13,860 | Bank of America Corporation | 531,670 | ||||||
3,738 | Citigroup, Inc. | 252,764 | ||||||
5,419 | JPMorgan Chase & Company | 822,496 | ||||||
755 | PNC Financial Services Group, Inc. | 137,720 | ||||||
2,444 | Truist Financial Corporation | 133,027 | ||||||
2,536 | US Bancorp | 140,849 | ||||||
7,629 | Wells Fargo & Company | 350,476 | ||||||
2,369,002 | ||||||||
BEVERAGES - 0.6% | ||||||||
4,556 | Coca-Cola Company | 259,829 | ||||||
307 | Constellation Brands, Inc., Class A | 68,872 | ||||||
1,414 | PepsiCo, Inc. | 221,927 | ||||||
550,628 | ||||||||
BIOTECH & PHARMA – 1.9% | ||||||||
807 | AbbVie, Inc. | 93,854 |
23
LEADERSHARES EQUITY SKEW ETF |
SCHEDULE OF INVESTMENTS (Unaudited) (Continued) |
July 31, 2021 |
Shares | Fair Value | |||||||
COMMON STOCKS — 24.9% (Continued) | ||||||||
BIOTECH & PHARMA - 2.0% (Continued) | ||||||||
521 | Amgen, Inc. | $ | 125,842 | |||||
1,896 | Bristol-Myers Squibb Company | 128,682 | ||||||
548 | Eli Lilly and Company | 133,438 | ||||||
2,258 | Gilead Sciences, Inc. | 154,199 | ||||||
2,877 | Johnson & Johnson | 495,419 | ||||||
2,332 | Merck & Company, Inc. | 179,261 | ||||||
10,231 | Pfizer, Inc. | 437,989 | ||||||
1,748,684 | ||||||||
CABLE & SATELLITE - 0.3% | ||||||||
4,633 | Comcast Corporation, Class A | 272,559 | ||||||
CHEMICALS - 0.4% | ||||||||
220 | Air Products and Chemicals, Inc. | 64,027 | ||||||
1,420 | Corteva, Inc. | 60,748 | ||||||
934 | DuPont de Nemours, Inc. | 70,096 | ||||||
425 | International Flavors & Fragrances, Inc. | 64,022 | ||||||
427 | PPG Industries, Inc. | 69,823 | ||||||
328,716 | ||||||||
COMMERCIAL SUPPORT SERVICES - 0.1% | ||||||||
450 | Waste Management, Inc. | 66,717 | ||||||
DATA CENTER REIT - 0.2% | ||||||||
533 | Digital Realty Trust, Inc. | 82,167 | ||||||
74 | Equinix, Inc. | 60,710 | ||||||
142,877 | ||||||||
DIVERSIFIED INDUSTRIALS - 0.9% | ||||||||
1,048 | 3M Company | 207,441 | ||||||
656 | Emerson Electric Company | 66,184 | ||||||
15,510 | General Electric Company | 200,855 | ||||||
1,243 | Honeywell International, Inc. | 290,601 | ||||||
277 | Illinois Tool Works, Inc. | 62,788 | ||||||
827,869 | ||||||||
ELECTRIC UTILITIES - 1.0% | ||||||||
863 | American Electric Power Company, Inc. | 76,048 |
24
LEADERSHARES EQUITY SKEW ETF |
SCHEDULE OF INVESTMENTS (Unaudited) (Continued) |
July 31, 2021 |
Shares | Fair Value | |||||||
COMMON STOCKS — 24.9% (Continued) | ||||||||
ELECTRIC UTILITIES - 1.0% (Continued) | ||||||||
1,482 | Dominion Energy, Inc. | $ | 110,957 | |||||
1,383 | Duke Energy Corporation | 145,367 | ||||||
1,830 | Exelon Corporation | 85,644 | ||||||
1,972 | NextEra Energy, Inc. | 153,619 | ||||||
909 | Public Service Enterprise Group, Inc. | 56,567 | ||||||
608 | Sempra Energy | 79,435 | ||||||
1,947 | Southern Company | 124,355 | ||||||
968 | Xcel Energy, Inc. | 66,066 | ||||||
898,058 | ||||||||
ENTERTAINMENT CONTENT - 0.7% | ||||||||
564 | Activision Blizzard, Inc. | 47,162 | ||||||
3,372 | Walt Disney Company | 593,539 | ||||||
640,701 | ||||||||
FOOD - 0.2% | ||||||||
1,038 | General Mills, Inc. | 61,097 | ||||||
2,615 | Mondelez International, Inc., Class A | 165,425 | ||||||
226,522 | ||||||||
HEALTH CARE FACILITIES & SERVICES - 1.2% | ||||||||
448 | Anthem, Inc. | 172,036 | ||||||
1,111 | Centene Corporation(a) | 76,226 | ||||||
610 | Cigna Corporation | 139,989 | ||||||
2,391 | CVS Health Corporation | 196,923 | ||||||
479 | HCA Healthcare, Inc. | 118,888 | ||||||
277 | McKesson Corporation | 56,461 | ||||||
835 | UnitedHealth Group, Inc. | 344,203 | ||||||
1,104,726 | ||||||||
HEALTH CARE REIT - 0.1% | ||||||||
760 | Welltower, Inc. | 66,014 | ||||||
HOUSEHOLD PRODUCTS - 0.5% | ||||||||
777 | Colgate-Palmolive Company | 61,772 | ||||||
166 | Estee Lauder Companies, Inc., Class A | 55,416 | ||||||
2,296 | Procter & Gamble Company | 326,559 | ||||||
443,747 |
25
LEADERSHARES EQUITY SKEW ETF |
SCHEDULE OF INVESTMENTS (Unaudited) (Continued) |
July 31, 2021 |
Shares | Fair Value | |||||||
COMMON STOCKS — 24.9% (Continued) | ||||||||
INDUSTRIAL REIT - 0.2% | ||||||||
1,351 | Prologis, Inc. | $ | 172,982 | |||||
INFRASTRUCTURE REIT - 0.2% | ||||||||
400 | American Tower Corporation | 113,120 | ||||||
320 | Crown Castle International Corporation | 61,789 | ||||||
174,909 | ||||||||
INSTITUTIONAL FINANCIAL SERVICES - 0.9% | ||||||||
1,414 | Bank of New York Mellon Corporation | 72,581 | ||||||
676 | CME Group, Inc. | 143,400 | ||||||
599 | Goldman Sachs Group, Inc. | 224,553 | ||||||
454 | Intercontinental Exchange, Inc. | 54,403 | ||||||
2,581 | Morgan Stanley | 247,724 | ||||||
658 | State Street Corporation | 57,338 | ||||||
799,999 | ||||||||
INSURANCE - 1.6% | ||||||||
1,177 | Aflac, Inc. | 64,735 | ||||||
554 | Allstate Corporation | 72,048 | ||||||
1,529 | American International Group, Inc. | 72,398 | ||||||
3,406 | Berkshire Hathaway, Inc., Class B(a) | 947,855 | ||||||
447 | Marsh & McLennan Companies, Inc. | 65,807 | ||||||
1,367 | MetLife, Inc. | 78,876 | ||||||
709 | Prudential Financial, Inc. | 71,099 | ||||||
478 | Travelers Companies, Inc. | 71,184 | ||||||
1,444,002 | ||||||||
INTERNET MEDIA & SERVICES - 0.1% | ||||||||
45 | Booking Holdings, Inc.(a) | 98,022 | ||||||
LEISURE FACILITIES & SERVICES - 0.4% | ||||||||
468 | Marriott International, Inc., Class A | 68,319 | ||||||
823 | McDonald’s Corporation | 199,750 | ||||||
895 | Starbucks Corporation | 108,680 | ||||||
376,749 | ||||||||
MACHINERY - 0.2% | ||||||||
540 | Caterpillar, Inc. | 111,645 |
26
LEADERSHARES EQUITY SKEW ETF |
SCHEDULE OF INVESTMENTS (Unaudited) (Continued) |
July 31, 2021 |
Shares | Fair Value | |||||||
COMMON STOCKS — 24.9% (Continued) | ||||||||
MACHINERY - 0.2% (Continued) | ||||||||
302 | Stanley Black & Decker, Inc. | $ | 59,509 | |||||
171,154 | ||||||||
MEDICAL EQUIPMENT & DEVICES - 0.9% | ||||||||
1,250 | Abbott Laboratories | 151,225 | ||||||
900 | Baxter International, Inc. | 69,615 | ||||||
523 | Becton Dickinson and Company | 133,757 | ||||||
2,561 | Boston Scientific Corporation(a) | 116,782 | ||||||
367 | Danaher Corporation | 109,179 | ||||||
132 | Illumina, Inc.(a) | 65,439 | ||||||
67 | Intuitive Surgical, Inc.(a) | 66,428 | ||||||
313 | Stryker Corporation | 84,804 | ||||||
386 | Zimmer Biomet Holdings, Inc. | 63,080 | ||||||
860,309 | ||||||||
OIL & GAS PRODUCERS - 1.5% | ||||||||
3,561 | Chevron Corporation | 362,545 | ||||||
2,547 | ConocoPhillips | 142,785 | ||||||
1,084 | EOG Resources, Inc. | 78,980 | ||||||
7,927 | Exxon Mobil Corporation | 456,357 | ||||||
3,505 | Kinder Morgan, Inc. | 60,917 | ||||||
1,198 | Marathon Petroleum Corporation | 66,154 | ||||||
843 | Phillips 66 | 61,901 | ||||||
442 | Pioneer Natural Resources Company | 64,254 | ||||||
811 | Valero Energy Corporation | 54,313 | ||||||
2,068 | Williams Companies, Inc. | 51,803 | ||||||
1,400,009 | ||||||||
REAL ESTATE SERVICES - 0.0%(b) | ||||||||
48 | CBRE Group, Inc., Class A(a) | 4,630 | ||||||
RESIDENTIAL REIT - 0.0%(b) | ||||||||
16 | AvalonBay Communities, Inc. | 3,645 | ||||||
RETAIL - CONSUMER STAPLES - 0.8% | ||||||||
360 | Costco Wholesale Corporation | 154,699 | ||||||
1,409 | Kroger Company | 57,346 |
27
LEADERSHARES EQUITY SKEW ETF |
SCHEDULE OF INVESTMENTS (Unaudited) (Continued) |
July 31, 2021 |
Shares | Fair Value | |||||||
COMMON STOCKS — 24.9% (Continued) | ||||||||
RETAIL - CONSUMER STAPLES - 0.8% (Continued) | ||||||||
301 | Target Corporation | $ | 78,576 | |||||
1,214 | Walgreens Boots Alliance, Inc. | 57,240 | ||||||
2,449 | Walmart, Inc. | 349,106 | ||||||
696,967 | ||||||||
RETAIL - DISCRETIONARY - 0.5% | ||||||||
537 | Home Depot, Inc. | 176,238 | ||||||
367 | Lowe’s Companies, Inc. | 70,717 | ||||||
659 | Ross Stores, Inc. | 80,853 | ||||||
2,168 | TJX Companies, Inc. | 149,180 | ||||||
476,988 | ||||||||
RETAIL REIT - 0.1% | ||||||||
617 | Simon Property Group, Inc. | 78,063 | ||||||
SEMICONDUCTORS - 0.9% | ||||||||
365 | Analog Devices, Inc. | 61,108 | ||||||
227 | Broadcom, Inc. | 110,186 | ||||||
7,337 | Intel Corporation | 394,143 | ||||||
1,948 | Micron Technology, Inc.(a) | 151,126 | ||||||
751 | Texas Instruments, Inc. | 143,156 | ||||||
859,719 | ||||||||
SOFTWARE - 0.1% | ||||||||
1,514 | Oracle Corporation | 131,930 | ||||||
SPECIALTY FINANCE - 0.5% | ||||||||
1,202 | American Express Company | 204,977 | ||||||
818 | Capital One Financial Corporation | 132,271 | ||||||
614 | Discover Financial Services | 76,332 | ||||||
413,580 | ||||||||
TECHNOLOGY HARDWARE - 0.5% | ||||||||
7,730 | Cisco Systems, Inc. | 428,010 | ||||||
2,109 | HP, Inc. | 60,887 | ||||||
488,897 | ||||||||
TECHNOLOGY SERVICES - 1.3% | ||||||||
410 | Automatic Data Processing, Inc. | 85,948 |
28
LEADERSHARES EQUITY SKEW ETF |
SCHEDULE OF INVESTMENTS (Unaudited) (Continued) |
July 31, 2021 |
Shares | Fair Value | |||||||
COMMON STOCKS — 24.9% (Continued) | ||||||||
TECHNOLOGY SERVICES - 1.2% (Continued) | ||||||||
1,148 | Fidelity National Information Services, Inc. | $ | 171,109 | |||||
528 | Global Payments, Inc. | 102,120 | ||||||
1,611 | International Business Machines Corporation | 227,087 | ||||||
518 | Mastercard, Inc., Class A | 199,917 | ||||||
1,236 | Visa, Inc., Class A | 304,539 | ||||||
1,090,720 | ||||||||
TELECOMMUNICATIONS - 0.9% | ||||||||
12,967 | AT&T, Inc. | 363,724 | ||||||
7,625 | Verizon Communications, Inc. | 425,323 | ||||||
789,047 | ||||||||
TOBACCO & CANNABIS - 0.5% | ||||||||
3,420 | Altria Group, Inc. | 164,297 | ||||||
2,839 | Philip Morris International, Inc. | 284,155 | ||||||
448,452 | ||||||||
TRANSPORTATION & LOGISTICS - 0.4% | ||||||||
2,665 | CSX Corporation | 86,133 | ||||||
237 | Norfolk Southern Corporation | 61,106 | ||||||
1,029 | Southwest Airlines Company | 51,985 | ||||||
620 | Union Pacific Corporation | 135,630 | ||||||
385 | United Parcel Service, Inc., Class B | 73,674 | ||||||
408,528 | ||||||||
TRANSPORTATION EQUIPMENT - 0.1% | ||||||||
611 | PACCAR, Inc. | 50,707 | ||||||
WHOLESALE - CONSUMER STAPLES - 0.1% | ||||||||
1,044 | Archer-Daniels-Midland Company | 62,348 | ||||||
938 | Sysco Corporation | 69,599 | ||||||
131,947 | ||||||||
TOTAL COMMON STOCKS (Cost $20,990,421) | 22,669,068 |
29
LEADERSHARES EQUITY SKEW ETF |
SCHEDULE OF INVESTMENTS (Unaudited) (Continued) |
July 31, 2021 |
Shares | Fair Value | |||||||
EXCHANGE-TRADED FUNDS — 73.3% | ||||||||
EQUITY - 73.3% | ||||||||
19,977 | SPDR Portfolio Emerging Markets ETF | $ | 856,014 | |||||
14,427 | SPDR Portfolio S&P 500 Growth ETF | 943,093 | ||||||
389,406 | SPDR S&P 600 Small Cap Growth ETF | 34,493,584 | ||||||
370,860 | SPDR S&P 600 Small CapValue ETF, N | 30,384,560 | ||||||
66,677,251 | ||||||||
TOTAL EXCHANGE-TRADED FUNDS (Cost $59,317,342) | 66,677,251 | |||||||
TOTAL INVESTMENTS - 98.2% (Cost $80,307,763) | $ | 89,346,319 | ||||||
OTHER ASSETS IN EXCESS OF LIABILITIES- 1.8% | 1,631,181 | |||||||
NET ASSETS - 100.0% | $ | 90,977,500 |
ETF | - Exchange-Traded Fund |
REIT | - Real Estate Investment Trust |
SPDR | - Standard & Poor’s Depositary Receipt |
(a) | Non-income producing security. |
(b) | Percentage rounds to less than 0.1%. |
30