Reality Shares DIVS ETF (DIVY) NPORT-P Reality Shares Divcon Leaders Dividend ETF (Jul 2020 report)

Schedule of Investments

Reality Shares DIVCON Leaders Dividend ETF

July 31, 2020 (Unaudited)

	Shares		Value
Common Stocks — 99.7%
Aerospace & Defense — 2.7%
HEICO Corp., Class A		5,752	$	440,316
L3Harris Technologies, Inc.		2,818		474,354
				914,670
Air Freight & Logistics — 1.8%
Expeditors International of Washington, Inc.		7,374		623,177
Beverages — 1.7%
Brown-Forman Corp., Class B		8,462		586,755
Building Products — 3.6%
Lennox International, Inc.		2,064		553,441
Masco Corp.		11,655		666,200
				1,219,641
Capital Markets — 13.9%
Cboe Global Markets, Inc.		4,446		389,914
FactSet Research Systems, Inc.		2,181		755,280
MarketAxess Holdings, Inc.		1,532		791,584
Moody's Corp.		2,385		670,901
MSCI, Inc.		2,108		792,566
S&P Global, Inc.		2,082		729,221
T Rowe Price Group, Inc.		4,344		599,906
				4,729,372
Commercial Services & Supplies — 4.4%
Cintas Corp.		2,238		675,585
Rollins, Inc.		15,532		813,877
				1,489,462
Consumer Finance — 1.2%
American Express Co.		4,514		421,246
Electronic Equipment Instruments & Components — 3.0%
Amphenol Corp., Class A		5,194		549,318
CDW Corp.		3,969		461,396
				1,010,714
Entertainment — 2.4%
Activision Blizzard, Inc.		9,935		820,929
Food & Staples Retailing — 1.8%
Costco Wholesale Corp.		1,853		603,207
Food Products — 1.6%
Hershey Co. (The)		3,648		530,456
Health Care Equipment & Supplies — 6.8%
Baxter International, Inc.		6,695		578,314
ResMed, Inc.		3,575		723,973
West Pharmaceutical Services, Inc.		3,818		1,026,546
				2,328,833
Health Care Providers & Services — 3.6%
Humana, Inc.		1,618		634,984
UnitedHealth Group, Inc.		1,907		577,402
				1,212,386
Hotels, Restaurants & Leisure — 2.1%
Domino’s Pizza, Inc.		1,871		723,347
Household Durables — 2.0%
DR Horton, Inc.		10,121		669,605
Industrial Conglomerates — 1.4%
Honeywell International, Inc.		3,268		488,141
IT Services — 6.8%
Amdocs Ltd.		7,888		489,845
Booz Allen Hamilton Holding Corp.		7,752		633,804
Mastercard, Inc., Class A		1,968		607,187
Visa, Inc., Class A		3,103		590,811
				2,321,647
Life Sciences Tools & Services — 1.8%
Agilent Technologies, Inc.		6,471		623,351
Machinery — 8.3%
Cummins, Inc.		3,018		583,259
IDEX Corp.		3,298		543,576
Illinois Tool Works, Inc.		3,078		569,399
Nordson Corp.		3,173		614,388
Xylem, Inc.		7,228		527,500
				2,838,122
Personal Products — 1.6%
Estee Lauder Cos., Inc. (The), Class A		2,824		557,853
Pharmaceuticals — 7.1%
Eli Lilly & Co.		4,516		678,709
Johnson & Johnson		3,805		554,617
Merck & Co., Inc.		5,987		480,397
Zoetis, Inc.		4,626		701,672
				2,415,395
Semiconductors & Semiconductor Equipment — 5.9%
KLA Corp.		3,279		655,243
Skyworks Solutions, Inc.		5,310		773,030
Texas Instruments, Inc.		4,584		584,689
				2,012,962
Software — 4.2%
Intuit, Inc.		2,199		673,708
Microsoft Corp.		3,642		746,646
				1,420,354
Specialty Retail — 4.6%
Home Depot, Inc. (The)		2,522		669,566
Ross Stores, Inc.		4,943		443,239
TJX Cos., Inc. (The)		8,925		464,010
				1,576,815
Textiles, Apparel & Luxury Goods — 1.6%
NIKE, Inc., Class B		5,613		547,885
Trading Companies & Distributors — 3.8%
Fastenal Co.		15,090		709,833
W.W. Grainger, Inc.		1,739		593,921
				1,303,754
Total Common Stocks
(Cost $26,646,693)				33,990,079
Money Markets — 0.3%
Goldman Sachs Financial Square Money Market Fund, Institutional Shares, 0.19%(a)
(Cost $97,618)		97,618		97,618
Total Investments — 100.0%
(Cost $26,744,311)				34,087,697
Liabilities in Excess of Other Assets — (0.0)%(b)				(8,301	)
Net Assets — 100.0%			$	34,079,396

(a)	Reflects the 7-day yield at July 31, 2020.
(b)	Rounds to less than 0.1%.

Schedule of Investments

Reality Shares DIVCON Leaders Dividend ETF

July 31, 2020 (Unaudited) (continued)

For information on the Fund’s policies regarding the valuation of investments and other significant accounting policies, please refer to the Fund’s most recent semi-annual or annual financial statements.

Fair Valuation Measurement

Various inputs are used in determining the value of the Fund’s investments. These inputs are summarized in three broad levels. Level 1 includes unadjusted quoted prices in active markets for identical assets or liabilities. Level 2 includes observable inputs other than quoted prices included in Level 1 that are observable for the asset or liability, either directly or indirectly. These inputs may include quoted prices by securities dealers or third-party valuation sources as approved by the Board of Trustees, or quoted prices for the identical instrument in an inactive market, prices for similar securities, interest rates, credit risk, yield curves, default rates and similar data. Level 3 includes unobservable inputs for the asset or liability, to the extent relevant observable inputs are not available; representing a fund’s own assumptions about the assumptions a market participant would use in valuing the asset or liability, and would be based on the best information available. The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities.

The following table summarizes valuation of the Fund's investments under the fair value hierarchy levels as of July 31, 2020.

Valuation Inputs	Level 1		Level 2		Level 3		Total
Assets
Common Stocks*	$	33,990,079	$	–	$	–	$	33,990,079
Money Markets		97,618		–		–		97,618
Total Assets	$	34,087,697	$	–	$	–	$	34,087,697

* See the Schedule of Investments for breakout by security category.