| | |
| ALTRIUS GLOBAL DIVIDEND ETF |
| SCHEDULE OF INVESTMENTS |
| October 31, 2024 (Unaudited) |
| | | | | | | | | | | | | | |
| COMMON STOCKS - 97.7% | | Shares | | Value |
| Aerospace & Defense - 5.0% | | | |
|
| BAE Systems PLC - ADR |
| 2,041 | |
| $ | 131,543 | |
| General Dynamics Corp. |
| 241 |
| 70,278 | |
| Lockheed Martin Corp. |
| 145 |
| 79,177 | |
|
|
|
| 280,998 | |
|
|
|
|
|
| Agricultural & Farm Machinery - 2.2% | | | |
|
| CNH Industrial NV |
| 11,075 | |
| 124,372 | |
|
|
|
|
|
| Air Freight & Logistics - 2.0% | | | |
|
| Deutsche Post AG - ADR |
| 2,818 | |
| 113,030 | |
|
|
|
|
|
| Asset Management & Custody Banks - 0.9% | | | |
|
| Franklin Resources, Inc. |
| 2,473 | |
| 51,364 | |
|
|
|
|
|
| Automobile Manufacturers - 3.5% | | | |
|
| Stellantis NV |
| 7,116 | |
| 96,920 | |
| Toyota Motor Corp. - ADR |
| 578 |
| 100,005 | |
|
|
|
| 196,925 | |
|
|
|
|
|
| Biotechnology - 2.8% | | | |
|
| AbbVie, Inc. |
| 381 |
| 77,675 | |
| Gilead Sciences, Inc. |
| 876 |
| 77,806 | |
|
|
|
| 155,481 | |
|
|
|
|
|
| Brewers - 1.9% | | | |
|
| Ambev SA - ADR |
| 49,238 | |
| 107,339 | |
|
|
|
|
|
| Commodity Chemicals - 2.6% | | | |
|
| Dow, Inc. |
| 1,020 | |
| 50,368 | |
| LyondellBasell Industries NV - Class A |
| 1,125 | |
| 97,706 | |
|
|
|
| 148,074 | |
|
|
|
|
|
| Communications Equipment - 1.1% | | | |
|
| Cisco Systems, Inc. |
| 1,175 | |
| 64,355 | |
|
|
|
|
|
| Construction & Engineering - 1.9% | | | |
|
| Vinci SA - ADR |
| 3,828 | |
| 106,763 | |
|
|
|
|
|
| Construction Machinery & Heavy Transportation Equipment - 1.4% | | | |
|
| Caterpillar, Inc. |
| 213 |
| 80,131 | |
|
|
|
|
|
| | |
| ALTRIUS GLOBAL DIVIDEND ETF |
| SCHEDULE OF INVESTMENTS (CONTINUED) |
| October 31, 2024 (Unaudited) |
| | | | | | | | | | | | | | |
| COMMON STOCKS - 97.7% (CONTINUED) | | Shares | | Value |
| Diversified Banks - 11.2% | | | |
|
| Banco Bilbao Vizcaya Argentaria SA - ADR |
| 12,386 | |
| $ | 122,993 | |
| Bank of America Corp. |
| 1,884 | |
| 78,789 | |
| BNP Paribas SA - ADR |
| 3,365 | |
| 114,309 | |
| Citigroup, Inc. |
| 1,190 | |
| 76,362 | |
| JPMorgan Chase & Co. |
| 425 |
| 94,316 | |
| Royal Bank of Canada |
| 1,176 | |
| 142,167 | |
|
|
|
| 628,936 | |
|
|
|
|
|
| Drug Retail - 1.1% | | | |
|
| Walgreens Boots Alliance, Inc. |
| 6,291 | |
| 59,513 | |
|
|
|
|
|
| Electrical Components & Equipment - 3.7% | | | |
|
| Eaton Corp. PLC |
| 417 |
| 138,269 | |
| Emerson Electric Co. |
| 649 |
| 70,267 | |
|
|
|
| 208,536 | |
|
|
|
|
|
| Health Care Distributors - 1.4% | | | |
|
| Cardinal Health, Inc. |
| 718 |
| 77,917 | |
|
|
|
|
|
| Health Care Services - 1.2% | | | |
|
| Cigna Group |
| 223 |
| 70,203 | |
|
|
|
|
|
| Household Products - 3.3% | | | |
|
| Procter & Gamble Co. |
| 396 |
| 65,411 | |
| Reckitt Benckiser Group PLC - ADR |
| 9,776 | |
| 118,192 | |
|
|
|
| 183,603 | |
|
|
|
|
|
| Industrial Conglomerates - 2.1% | | | |
|
| Siemens AG - ADR |
| 1,240 | |
| 120,367 | |
|
|
|
|
|
| Industrial Gases - 2.1% | | | |
|
| Air Products and Chemicals, Inc. |
| 388 |
| 120,486 | |
|
|
|
|
|
| Integrated Oil & Gas - 5.7% | | | |
|
| BP PLC - ADR |
| 3,384 | |
| 99,354 | |
| Chevron Corp. |
| 359 |
| 53,426 | |
| Exxon Mobil Corp. |
| 535 |
| 62,477 | |
| TotalEnergies SE - ADR |
| 1,653 | |
| 103,412 | |
|
|
|
| 318,669 | |
|
|
|
|
|
| | |
| ALTRIUS GLOBAL DIVIDEND ETF |
| SCHEDULE OF INVESTMENTS (CONTINUED) |
| October 31, 2024 (Unaudited) |
| | | | | | | | | | | | | | |
| COMMON STOCKS - 97.7% (CONTINUED) | | Shares | | Value |
| Integrated Telecommunication Services - 1.3% | | | |
|
| Verizon Communications, Inc. |
| 1,696 | |
| $ | 71,452 | |
|
|
|
|
|
| IT Consulting & Other Services - 1.5% | | | |
|
| International Business Machines Corp. |
| 411 |
| 84,962 | |
|
|
|
|
|
| Multi-line Insurance - 2.2% | | | |
|
| AXA SA - ADR |
| 3,332 | |
| 124,783 | |
|
|
|
|
|
| Oil & Gas Refining & Marketing - 1.0% | | | |
|
| Phillips 66 |
| 453 |
| 55,184 | |
|
|
|
|
|
| Packaged Foods & Meats - 4.2% | | | |
|
| Kraft Heinz Co. |
| 1,866 | |
| 62,436 | |
| Nestle SA - ADR |
| 1,179 | |
| 111,439 | |
| Tyson Foods, Inc. - Class A |
| 1,084 | |
| 63,512 | |
|
|
|
| 237,387 | |
|
|
|
|
|
| Paper & Plastic Packaging Products & Materials - 1.7% | | | |
|
| International Paper Co. |
| 1,689 | |
| 93,807 | |
|
|
|
|
|
| Pharmaceuticals - 15.2% | | | |
|
| AstraZeneca PLC - ADR |
| 1,589 | |
| 113,057 | |
| Bristol-Myers Squibb Co. |
| 1,300 | |
| 72,501 | |
| GSK PLC - ADR |
| 2,890 | |
| 106,236 | |
| Johnson & Johnson |
| 410 |
| 65,543 | |
| Merck & Co., Inc. |
| 527 |
| 53,923 | |
| Novartis AG - ADR |
| 1,236 | |
| 133,982 | |
| Pfizer, Inc. |
| 2,229 | |
| 63,081 | |
| Roche Holding AG - ADR |
| 3,601 | |
| 139,755 | |
| Sanofi SA - ADR |
| 2,094 | |
| 110,731 | |
|
|
|
| 858,809 | |
|
|
|
|
|
| Restaurants - 1.4% | | | |
|
| Starbucks Corp. |
| 816 |
| 79,723 | |
|
|
|
|
|
| Semiconductors - 1.7% | | | |
|
| Broadcom, Inc. |
| 562 |
| 95,411 | |
|
|
|
|
|
| Soft Drinks & Non-alcoholic Beverages - 1.0% | | | |
|
| PepsiCo, Inc. |
| 326 |
| 54,142 | |
|
|
|
|
|
| | |
| ALTRIUS GLOBAL DIVIDEND ETF |
| SCHEDULE OF INVESTMENTS (CONTINUED) |
| October 31, 2024 (Unaudited) |
| | | | | | | | | | | | | | |
| COMMON STOCKS - 97.7% (CONTINUED) | | Shares | | Value |
| Specialty Chemicals - 1.2% | | | |
|
| Eastman Chemical Co. |
| 629 |
| $ | 66,102 | |
|
|
|
|
|
| Steel - 1.8% | | | |
|
| POSCO Holdings, Inc. - ADR |
| 1,701 | |
| 102,247 | |
|
|
|
|
|
| Tobacco - 5.4% | | | |
|
| Altria Group, Inc. |
| 1,429 | |
| 77,823 | |
| British American Tobacco PLC - ADR |
| 3,966 | |
| 138,731 | |
| Philip Morris International, Inc. |
| 661 |
| 87,715 | |
|
|
|
| 304,269 | |
|
|
|
|
|
| Trading Companies & Distributors - 1.0% | | | |
|
| MSC Industrial Direct Co., Inc. - Class A |
| 681 |
| 53,847 | |
TOTAL COMMON STOCKS (Cost $5,089,015) | | |
| 5,499,187 | |
|
|
|
|
|
| REAL ESTATE INVESTMENT TRUSTS - 1.4% |
| | | |
| BXP, Inc. |
| 988 |
| 79,593 | |
TOTAL REAL ESTATE INVESTMENT TRUSTS (Cost $59,679) | | |
| 79,593 | |
|
|
|
|
|
| SHORT-TERM INVESTMENTS - 0.7% | |
|
|
|
| Money Market Funds - 0.7% |
| | | |
First American Government Obligations Fund - Class X, 4.78% (a) |
| 39,855 | |
| 39,855 | |
TOTAL SHORT-TERM INVESTMENTS (Cost $39,855) | | |
| 39,855 | |
|
|
|
|
|
TOTAL INVESTMENTS - 99.8% (Cost $5,188,549) | | |
| $ | 5,618,635 | |
| Other Assets in Excess of Liabilities - 0.2% | | |
| 14,051 | |
| TOTAL NET ASSETS - 100.0% |
| |
| $ | 5,632,686 | |
| | | | | | | | | | | | | | | | | |
| Percentages are stated as a percent of net assets. | | |
|
| | |
| ADR - American Depositary Receipt |
| AG - Aktiengesellschaft |
| NV - Naamloze Vennootschap |
| PLC - Public Limited Company |
| SA - Sociedad Anónima |
| | | | | | | | |
| (a) |
| The rate shown represents the 7-day annualized effective yield as of October 31, 2024. |
The Global Industry Classification Standard ("GICS®") was developed by and/or is the exclusive property of MSCI, Inc. ("MSCI") and Standard & Poor’s Financial Services LLC (“S&P”). GICS® is a service mark of MSCI and S&P and has been licensed for use by U.S. Bank Global Fund Services.
ALTRIUS GLOBAL DIVIDEND ETF
Summary of Fair Value Disclosure as of October 31, 2024 (Unaudited)
Altrius Global Dividend ETF has adopted authoritative fair value accounting standards which establish an authoritative definition of fair value and set out a hierarchy for measuring fair value. These standards require additional disclosures about the various inputs and valuation techniques used to develop the measurements of fair value, a discussion of changes in valuation techniques and related inputs during the period, and expanded disclosure of valuation levels for major security types. These inputs are summarized in the three broad levels listed below. The inputs or methodology used for valuing securities are not an indication of the risk associated with investing in those securities.
Level 1 - Unadjusted quoted prices in active markets for identical assets or liabilities that the Fund has the ability to access.
Level 2 - 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 for the identical instrument on an inactive market, prices for similar instruments, interest rates, prepayment speeds, credit risk, yield curves, default rates and similar data.
Level 3 - Unobservable inputs for the asset or liability, to the extent relevant observable inputs are not available, representing the 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 following is a summary of the fair valuation hierarchy of the Fund’s securities as of October 31, 2024:
| | | | | | | | | | | | | | | | | | | | | | | | | | |
| DESCRIPTION | | LEVEL 1 | | LEVEL 2 | | LEVEL 3 | | TOTAL |
| Assets | | | | | | | | |
Common Stocks | | $ | 5,499,187 | | | $ | — | | | $ | — | | | $ | 5,499,187 | |
| Real Estate Investment Trusts | | 79,593 | | | — | | | — | | | 79,593 | |
Money Market Funds | | 39,855 | | | — | | | — | | | 39,855 | |
| Total Investments | | $ | 5,618,635 | | | $ | — | | | $ | — | | | $ | 5,618,635 | |
Refer to the Schedule of Investments for additional information.
During the fiscal period ended October 31, 2024, the Fund did not invest in any Level 3 investments and recognized no transfers to/from Level 3. Transfers between levels are recognized at the end of the reporting period.
