CONDUCTOR GLOBAL EQUITY VALUE ETF | |||||||
SCHEDULE OF INVESTMENTS (Unaudited) | |||||||
January 31, 2023 | |||||||
Shares | Fair Value | ||||||
COMMON STOCKS — 93.4% | |||||||
APPAREL & TEXTILE PRODUCTS - 1.1% | |||||||
40,525 | Fila Holdings Corporation | $ 1,278,715 | |||||
ASSET MANAGEMENT - 4.0% | |||||||
17,990 | Amundi S/A | 1,177,724 | |||||
370,973 | Ashmore Group PLC | 1,221,848 | |||||
33,387 | DWS Group GmbH & Company KGaA | 1,200,815 | |||||
500,272 | Jupiter Fund Management PLC | 866,221 | |||||
4,466,608 | |||||||
AUTOMOTIVE - 3.7% | |||||||
2,942,000 | BAIC Motor Corporation Ltd., Class H | 903,157 | |||||
158,239 | Schaeffler A.G., Preferred Shares | 1,135,682 | |||||
52,100 | Stanley Electric Company Ltd. | 1,121,490 | |||||
78,700 | TS Tech Company Ltd. | 980,546 | |||||
4,140,875 | |||||||
BEVERAGES - 1.6% | |||||||
234,482 | Coca-Cola Femsa S.A.B. de C.V. | 1,784,128 | |||||
BIOTECHNOLOGY & PHARMACEUTICALS - 1.2% | |||||||
4,640 | Biogen, Inc.(a) | 1,349,776 | |||||
CHEMICALS - 4.0% | |||||||
24,052 | Covestro A.G. | 1,107,386 | |||||
290,100 | Morgan Advanced Materials PLC | 1,125,850 | |||||
111,800 | Nippon Kayaku Company Ltd. | 1,038,408 | |||||
129,700 | Toagosei Company Ltd. | 1,177,264 | |||||
4,448,908 | |||||||
COMMERCIAL SUPPORT SERVICES - 3.0% | |||||||
47,700 | Aeon Delight Company Ltd. | 1,132,592 | |||||
730,433 | Hays PLC | 1,114,415 | |||||
12,173 | ManpowerGroup, Inc. | 1,060,999 | |||||
3,308,006 | |||||||
CONSUMER SERVICES - 1.2% | |||||||
90,621 | Perdoceo Education Corporation(a) | 1,356,596 | |||||
CONDUCTOR GLOBAL EQUITY VALUE ETF | |||||||
SCHEDULE OF INVESTMENTS (Unaudited)(Continued) | |||||||
January 31, 2023 | |||||||
Shares | Fair Value | ||||||
COMMON STOCKS — 93.4% (Continued) | |||||||
CONTAINERS & PACKAGING - 1.8% | |||||||
76,100 | Fuji Seal International, Inc. | $ 989,247 | |||||
2,392,000 | Lee & Man Paper Manufacturing Ltd. | 1,048,216 | |||||
2,037,463 | |||||||
ELECTRIC UTILITIES - 0.9% | |||||||
68,624 | Fortum OYJ | 1,031,501 | |||||
ELECTRICAL EQUIPMENT - 1.0% | |||||||
65,600 | Japan Aviation Electronics Industry Ltd. | 1,127,226 | |||||
ENGINEERING & CONSTRUCTION - 2.7% | |||||||
9,386,100 | DMCI Holdings, Inc. | 1,892,145 | |||||
168,300 | Kandenko Company Ltd. | 1,131,404 | |||||
3,023,549 | |||||||
ENTERTAINMENT CONTENT - 1.9% | |||||||
28,223 | DoubleUGames Company Ltd. | 1,130,966 | |||||
50,700 | Mixi, Inc. | 972,921 | |||||
2,103,887 | |||||||
FOOD - 2.3% | |||||||
12,117 | Orion Corporation | 1,225,281 | |||||
107,569 | Tiger Brands Ltd. | 1,287,247 | |||||
2,512,528 | |||||||
FORESTRY, PAPER & WOOD PRODUCTS - 1.2% | |||||||
374,480 | Navigator Company S/A (The) | 1,310,994 | |||||
GAS & WATER UTILITIES - 1.0% | |||||||
400,600 | Cia de Saneamento de Minas Gerais-COPASA | 1,158,643 | |||||
HOME & OFFICE PRODUCTS - 1.9% | |||||||
72,348 | Electrolux A.B. | 1,024,605 | |||||
103,400 | Okamura Corporation | 1,134,375 | |||||
2,158,980 | |||||||
HOME CONSTRUCTION - 0.9% | |||||||
45,300 | Nichiha Corporation | 972,487 | |||||
CONDUCTOR GLOBAL EQUITY VALUE ETF | |||||||
SCHEDULE OF INVESTMENTS (Unaudited)(Continued) | |||||||
January 31, 2023 | |||||||
Shares | Fair Value | ||||||
COMMON STOCKS — 93.4% (Continued) | |||||||
HOUSEHOLD PRODUCTS - 2.9% | |||||||
47,700 | Duskin Company Ltd. | $ 1,115,052 | |||||
215,000 | Hengan International Group Company Ltd. | 1,057,757 | |||||
15,022 | Henkel A.G. & Company KGaA | 1,070,999 | |||||
3,243,808 | |||||||
LEISURE FACILITIES & SERVICES - 2.5% | |||||||
1,791,600 | Genting Singapore Ltd. | 1,356,958 | |||||
35,800 | Sankyo Company Ltd. | 1,446,320 | |||||
2,803,278 | |||||||
MACHINERY - 2.0% | |||||||
51,800 | Optorun Company Ltd. | 1,022,409 | |||||
143,500 | Yamazen Corporation | 1,175,666 | |||||
2,198,075 | |||||||
METALS & MINING - 19.0% | |||||||
148,402 | Alliance Resource Partners, L.P. | 3,402,858 | |||||
991,258 | Centamin PLC | 1,358,830 | |||||
527,500 | China Shenhua Energy Company Ltd., Class H | 1,642,053 | |||||
1,373,894 | Coronado Global Resources, Inc. | 1,990,674 | |||||
1,398,400 | CSN Mineracao S/A | 1,482,267 | |||||
512,882 | Ferrexpo PLC | 1,003,383 | |||||
98,445 | Gold Fields Ltd. | 1,122,388 | |||||
2,746,100 | Golden Energy & Resources Ltd.(a) | 1,647,932 | |||||
89,862 | Impala Platinum Holdings Ltd. | 1,042,324 | |||||
1,000,760 | Indo Tambangraya Megah Tbk P.T. | 2,417,049 | |||||
93,247 | Koza Altin Isletmeleri A/S | 2,760,004 | |||||
290,200 | Sandfire Resources Ltd. | 1,293,330 | |||||
21,163,092 | |||||||
OIL & GAS PRODUCERS - 1.3% | |||||||
720,588 | Viva Energy Group Ltd. | 1,489,798 | |||||
PUBLISHING & BROADCASTING - 2.1% | |||||||
311,070 | Atresmedia Corporacion de Medios de Comunicacion S.A. | 1,159,593 | |||||
1,164,772 | ITV PLC | 1,166,396 | |||||
2,325,989 |
CONDUCTOR GLOBAL EQUITY VALUE ETF | |||||||
SCHEDULE OF INVESTMENTS (Unaudited)(Continued) | |||||||
January 31, 2023 | |||||||
Shares | Fair Value | ||||||
COMMON STOCKS — 93.4% (Continued) | |||||||
REAL ESTATE SERVICES - 1.1% | |||||||
37,706 | RMR Group, Inc. (The), Class A | $ 1,169,640 | |||||
RETAIL - CONSUMER STAPLES - 3.2% | |||||||
67,600 | Arcs Company Ltd. | 1,142,626 | |||||
7,138 | BGF Retail Company Ltd. | 1,080,838 | |||||
18,200 | Tsuruha Holdings, Inc. | 1,340,300 | |||||
3,563,764 | |||||||
RETAIL - DISCRETIONARY - 4.9% | |||||||
43,630 | Abercrombie & Fitch Company, Class A(a) | 1,263,525 | |||||
82,200 | Autobacs Seven Company Ltd. | 915,311 | |||||
112,300 | EDION Corporation | 1,109,404 | |||||
75,400 | Joyful Honda Company Ltd. | 1,083,468 | |||||
94,800 | Ryohin Keikaku Company Ltd. | 1,051,374 | |||||
5,423,082 | |||||||
SEMICONDUCTORS - 1.2% | |||||||
56,748 | Vishay Intertechnology, Inc. | 1,298,962 | |||||
STEEL - 10.8% | |||||||
101,630 | Acerinox S/A | 1,100,571 | |||||
324,000 | Cia Siderurgica Nacional S/A | 1,184,136 | |||||
195,000 | Gerdau S/A | 1,263,988 | |||||
461,400 | Metalurgica Gerdau S/A | 1,319,948 | |||||
20,805 | Nucor Corporation | 3,516,461 | |||||
207,066 | Outokumpu OYJ | 1,185,694 | |||||
190,041 | SSAB A.B. | 1,358,183 | |||||
40,525 | United States Steel Corporation | 1,154,557 | |||||
12,083,538 | |||||||
TECHNOLOGY SERVICES - 1.1% | |||||||
30,900 | Zenkoku Hosho Company Ltd. | 1,203,735 | |||||
TOBACCO & CANNABIS - 2.0% | |||||||
48,000 | Japan Tobacco, Inc. | 979,015 | |||||
16,250 | KT&G Corporation | 1,217,731 | |||||
2,196,746 |
CONDUCTOR GLOBAL EQUITY VALUE ETF | |||||||
SCHEDULE OF INVESTMENTS (Unaudited)(Continued) | |||||||
January 31, 2023 | |||||||
Shares | Fair Value | ||||||
COMMON STOCKS — 93.4% (Continued) | |||||||
TRANSPORTATION & LOGISTICS - 1.9% | |||||||
69,127 | Heartland Express, Inc. | $ 1,162,717 | |||||
45,600 | Kamigumi Company Ltd. | 933,010 | |||||
2,095,727 | |||||||
WHOLESALE - CONSUMER STAPLES - 1.0% | |||||||
38,900 | Kato Sangyo Company Ltd. | 1,081,247 | |||||
WHOLESALE - DISCRETIONARY - 1.0% | |||||||
2,139,900 | Sime Darby Bhd | 1,163,126 | |||||
TOTAL COMMON STOCKS (Cost $90,010,200) | 104,074,477 | ||||||
SHORT-TERM INVESTMENT — 0.0%(b) | |||||||
MONEY MARKET FUND - 0.0% (b) | |||||||
42,593 | Dreyfus Cash Management, Institutional Class, 4.26% (Cost $42,593)(d) | 42,631 | |||||
TOTAL INVESTMENTS - 93.4% (Cost $90,052,793) | $ 104,117,108 | ||||||
OTHER ASSETS IN EXCESS OF LIABILITIES - 6.6% | 7,325,308 | ||||||
NET ASSETS - 100.0% | $ 111,442,416 | ||||||
A/S | - Anonim Sirketi |
L.P. | - Limited Partnership |
Ltd. | - Limited Company |
OYJ | - Julkinen osakeyhtiö |
PLC | - Public Limited Company |
P.T. | - Perseroan Terbatas |
S/A | - Société Anonyme |
(a) | Non-income producing security. |
(b) | Percentage rounds to less than 0.1%. |
(c) | Rate disclosed is the seven day effective yield as of January 31, 2023. |