Reality Shares DIVS ETF (DIVY) NPORT-P Reality Shares NASDAQ NexGen Economy ETF (Jul 2020 report)

Schedule of Investments

Reality Shares NASDAQ NexGen Economy ETF

July 31, 2020 (Unaudited)

	Shares		Value
Common Stocks — 98.6%
Automobiles — 1.7%
Daimler AG		31,357	$	1,386,779
Banks — 7.3%
Banco Santander SA		273,294		576,650
Bank of America Corp.		30,423		756,924
Barclays PLC		181,814		952,705
BOC Hong Kong Holdings Ltd.		210,914		587,823
Citigroup, Inc.		17,144		857,372
ING Groep NV		118,746		819,347
JPMorgan Chase & Co.		9,900		956,736
Mizuho Financial Group, Inc.		547,178		660,361
				6,167,918
Capital Markets — 9.6%
ASX Ltd.		15,450		915,760
CME Group, Inc.		3,572		593,595
Deutsche Boerse AG		6,126		1,119,922
Goldman Sachs Group, Inc. (The)		4,486		888,048
Intercontinental Exchange, Inc.		8,351		808,210
Nasdaq, Inc.		9,872		1,296,292
SBI Holdings, Inc.		73,613		1,536,592
TMX Group Ltd.		9,026		922,613
				8,081,032
Communications Equipment — 1.3%
Cisco Systems, Inc.		23,837		1,122,723
Consumer Finance — 1.0%
American Express Co.		9,392		876,461
Diversified Financial Services — 1.1%
Plus500 Ltd.		60,437		949,106
Diversified Telecommunication — 0.8%
Swisscom AG		1,225		654,177
Electronic Equipment, Instruments & Components — 1.1%
Hitachi Ltd.		31,633		935,856
Entertainment — 1.2%
NetEase, Inc.		2,144		982,852
Food & Staples Retailing — 0.8%
Walmart, Inc.		5,436		703,418
Industrial Conglomerates — 1.4%
Siemens AG		9,090		1,164,324
Insurance — 3.7%
Aon PLC, Class A		3,998		820,470
Ping An Insurance Group Co. of China Ltd., Class H		80,964		857,674
ZhongAn Online P&C Insurance Co. Ltd., Class H*,(a)		241,084		1,444,911
				3,123,055
Interactive Media & Services — 6.5%
Alphabet, Inc., Class A*		618		919,553
Baidu, Inc.*		9,575		1,143,255
Facebook, Inc., Class A*		5,369		1,361,955
LINE Corp.*		18,228		957,699
Tencent Holdings Ltd.		16,081		1,108,004
				5,490,466
Internet & Direct Marketing Retail — 17.9%
Alibaba Group Holding Ltd.*		4,500		1,129,590
Amazon.com, Inc.*		339		1,072,826
JD.com, Inc.*		22,252		1,419,455
Overstock.com, Inc.*		139,708		10,560,528
Rakuten, Inc.		98,706		900,892
				15,083,291
IT Services — 20.4%
Accenture PLC, Class A		5,945		1,336,317
Atos SE*		11,509		985,320
Broadridge Financial Solutions, Inc.		8,268		1,110,723
Digital Garage, Inc.		32,846		1,095,074
Fujitsu Ltd.		10,376		1,385,691
GMO internet, Inc.		56,098		1,618,263
Infosys Ltd.		90,944		1,168,630
International Business Machines Corp.		9,805		1,205,427
Mastercard, Inc., Class A		3,543		1,093,122
NTT Data Corp.		94,302		1,062,269
PayPal Holdings, Inc.*		7,900		1,548,953
Square, Inc., Class A*		21,143		2,745,418
Visa, Inc., Class A		4,379		833,762
				17,188,969
Professional Services — 1.0%
Thomson Reuters Corp.		12,000		838,080
Semiconductors & Semiconductor Equipment — 9.1%
Advanced Micro Devices, Inc.*		17,100		1,324,053
Intel Corp.		18,522		884,055
Micron Technology, Inc.*		18,079		904,944
NVIDIA Corp.		3,487		1,480,545
Taiwan Semiconductor Manufacturing Co. Ltd.		16,119		1,271,628
Texas Instruments, Inc.		6,459		823,846
Xilinx, Inc.		9,385		1,007,480
				7,696,551
Software — 8.9%
DocuSign, Inc.*		9,003		1,952,120
Microsoft Corp.		6,420		1,316,164
Oneconnect Financial Technology Co. Ltd.*		71,654		1,713,964
Oracle Corp.		17,876		991,224
SAP SE		9,689		1,542,683
				7,516,155
Technology Hardware, Storage & Peripherals — 3.8%
Canaan, Inc.*		93,544		233,860
Hewlett Packard Enterprise Co.		83,223		821,411
Samsung Electronics Co. Ltd.		834		1,005,804
Xiaomi Corp., Class B*,(a)		571,933		1,093,655
				3,154,730
Total Common Stocks
(Cost $69,639,655)				83,115,943
Preferred Stocks — 0.9%
Internet & Direct Marketing Retail — 0.9%
Overstock.com, Inc.
(Cost $464,318)		13,467		740,685
Money Markets — 0.4%
Goldman Sachs Financial Square Money Market Fund, Institutional Shares, 0.19%(b)
(Cost $323,739)		323,739		323,739
Total Investments — 99.9%
(Cost $70,427,712)				84,180,367
Other Assets in Excess of Liabilities — 0.1%				104,322
Net Assets — 100.0%			$	84,284,689

*	Non-income producing securities.
(a)	Security was purchased pursuant to Rule 144A under the Securities Act of 1933 and may not be resold subject to that rule except to qualified institutional buyers. Unless otherwise noted, 144A securities are deemed to be liquid. At July 31, 2020, the net value of these securities amounted to $2,538,566, which represents 3.0% of net assets.
(b)	Reflects the 7-day yield at July 31, 2020.

Schedule of Investments

Reality Shares NASDAQ NexGen Economy 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*	$	83,115,943	$	–	$	–	$	83,115,943
Preferred Stocks*		740,685		–		–		740,685
Money Markets		323,739		–		–		323,739
Total Assets	$	84,180,367	$	–	$	–	$	84,180,367

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