Trimtabs Etf Trust (TTAI) NPORT-P Donoghue Forlines Yield Enhanced Real Asset ETF (Oct 2022 report)

Donoghue Forlines Yield Enhanced Real Asset ETF
Schedule of Investments
October 31, 2022 (Unaudited)
	Shares		Value
COMMON STOCKS - 70.7%
Energy - 38.8% (c)
Antero Midstream Corp.	24,879	$	264,961
BP PLC - ADR	17,726		589,921
Chesapeake Energy Corp.	2,853		291,776
Chevron Corp. (b)	4,424		800,302
Chord Energy Corp. (b)	1,619		247,853
Civitas Resources, Inc. (b)	3,144		219,797
ConocoPhillips (b)	4,803		605,610
Devon Energy Corp.	6,620		512,057
Diamondback Energy, Inc.	2,324		365,124
DT Midstream, Inc.	4,174		249,188
Ecopetrol SA - ADR	30,177		297,545
Eni SpA - ADR	17,381		457,816
Equinor ASA - ADR	14,423		523,266
Equitrans Midstream Corp.	27,496		231,516
Exxon Mobil Corp.	8,093		896,785
Kinder Morgan, Inc.	22,718		411,650
Murphy Oil Corp. (b)	5,647		273,936
ONEOK, Inc.	6,404		379,885
Petroleo Brasileiro SA - ADR (b)	34,762		445,649
Pioneer Natural Resources Co.	1,807		463,333
Shell PLC - ADR	10,953		609,315
TotalEnergies SE - ADR	11,354		621,859
Williams Cos., Inc.	12,679		414,984
Woodside Energy Group, Ltd. - ADR (b)	16,029		371,392
			10,545,520
Industrials - 13.6%
3M Co.	3,933		494,732
AO Smith Corp. (b)	4,240		232,267
Ferguson PLC (b)	2,615		285,715
Hubbell, Inc.	1,269		301,362
Lennox International, Inc.	1,124		262,533
Norfolk Southern Corp.	1,595		363,772
Parker-Hannifin Corp. (b)	1,417		411,808
Siemens AG - ADR	9,701		530,936
Union Pacific Corp.	2,178		429,371
Waste Management, Inc. (b)	2,503		396,400
			3,708,896
Materials - 17.1%
BHP Group, Ltd. - ADR (b)	��         10,052		480,687
Dow, Inc.	8,407		392,943
Freeport-McMoRan, Inc.	12,150		385,034
Gold Fields, Ltd. - ADR (b)	26,235		206,732
Huntsman Corp.	7,730		206,855
Linde PLC	1,842		547,719
LyondellBasell Industries NV - Class A	4,885		373,458
Newmont Corp.	9,420		398,654
Olin Corp.	4,523		239,493
Owens Corning	2,681		229,520
Rio Tinto PLC - ADR (b)	8,804		469,693
Sibanye Stillwater, Ltd. - ADR	31,661		297,297
Southern Copper Corp.	8,972		421,415
			4,649,500
Technology - 1.2%
Corning, Inc.	9,763		314,076
TOTAL COMMON STOCKS (Cost $20,029,807)			19,217,992
PREFERRED STOCKS - 2.5%
Energy - 1.5%
Petroleo Brasileiro SA - ADR	35,499		408,594
Materials - 1.0%
Gerdau SA - ADR	51,341		255,678
TOTAL PREFERRED STOCKS (Cost $723,201)			664,272
MASTER LIMITED PARTNERSHIPS - 12.3%
Energy - 11.6%
Crestwood Equity Partners, LP	8,869		272,278
DCP Midstream, LP	7,308		290,493
Energy Transfer, LP	35,132		448,635
EnLink Midstream, LLC	25,019		297,226
Enterprise Products Partners, LP	18,588		469,347
Magellan Midstream Partners, LP	5,746		309,997
MPLX, LP	13,294		445,881
Plains All American Pipeline, LP	24,666		295,252
Western Midstream Partners, LP	11,577		332,376
			3,161,485
Materials - 0.7%
Alliance Resource Partners, LP	7,810		189,626
TOTAL MASTER LIMITED PARTNERSHIPS (Cost $2,834,709)			3,351,111
REITs - 14.0%
Financials - 2.5%
Annaly Capital Management, Inc. (b)	12,991		240,983
Rithm Capital Corp.	26,830		226,177
Starwood Property Trust, Inc.	10,539		217,736
			684,896
Real Estate - 11.5%
Crown Castle, Inc.	2,735		364,466
EastGroup Properties, Inc.	1,424		223,127
Equity Residential	4,685		295,249
Gaming and Leisure Properties, Inc. (b)	6,504		325,980
Iron Mountain, Inc. (b)	6,252		313,038
Lamar Advertising Co. - Class A	3,119		287,665
Medical Properties Trust, Inc.	17,459		199,905
Omega Healthcare Investors, Inc. (b)	7,904		251,189
Public Storage	1,339		414,755
Simon Property Group, Inc. (b)	4,166		454,011
			3,129,385
TOTAL REITs (Cost $4,747,674)			3,814,281
MONEY MARKET FUND - 2.2%
Fidelity Institutional Money Market Fund - Government Portfolio, Institutional Class, 2.87% (a)	584,657		584,657
TOTAL MONEY MARKET FUND (Cost $584,657)			584,657
INVESTMENT PURCHASED WITH THE CASH PROCEEDS FROM SECURITIES LENDING - 20.7%
Investment Company - 20.7%
Mount Vernon Liquid Asset Portfolio, LLC, 3.24% (a)	5,617,739		5,617,739
TOTAL INVESTMENT PURCHASED WITH THE CASH PROCEEDS FROM SECURITIES LENDING (Cost $5,617,739)			5,617,739
Total Investments (Cost $34,537,787) - 122.4%			33,250,052
Liabilities in Excess of Other Assets - (22.4)%			(6,083,028)
TOTAL NET ASSETS - 100.0%		$	27,167,024
Percentages are stated as a percent of net assets.

ADR - American Depositary Receipt

PLC - Public Limited Company

REIT - Real Estate Investment Trust

(a)  Rate disclosed is the seven day annualized yield as of October 31, 2022.

(b)  All or a portion of this security was out on loan at October 31, 2022. Total loaned securities had a market value of $5,471,826 as of October 31, 2022.

(c)  The amount represents investments in a particular sector.  Within the sector, the Fund will concentrate its investments (i.e. invest more than 25% of its total assets) in a

       particular industry or group of industries to approximately the same extent of the Underlying Index is concentrated.

For Fund compliance purposes, the Fund's sector classifications refers to any one or more of the sector classifications used by one or more widely recognized market indexes or ratings group indexes, and/or they may be defined by Fund management.

This definition does not apply for all purposes of this report, which may combine classifications for reporting ease.

Donoghue Forlines Yield Enhanced Real Asset ETF

Summary of Fair Value Disclosure at October 31, 2022 (Unaudited)

The FASB established a framework for measuring fair value in accordance with GAAP. Under FASB ASC Topic 820, Fair Value Measurement, various inputs

are used in determining the value of each Fund’s investments. The inputs or methodology used for valuing securities are not necessarily an indication of the risk

 associated with investing in those securities. The three Levels of inputs of the fair value hierarchy are defined as follows:

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.

A financial instrument’s level within the fair value hierarchy is based on the lowest level of any input that is significant to the fair value measurement.

The availability of observable inputs can vary from security to security and is affected by a wide variety of factors, including, for example, the type of security,

whether the security is new and not yet established in the marketplace, the liquidity of markets, and other characteristics particular to the security. To the extent

that valuation is based on models or inputs that are less observable or unobservable in the market, the determination of fair value requires more judgment.

Accordingly, the degree of judgment exercised in determining fair value is greatest for instruments categorized in Level 3.

The following is a summary of the inputs used to value the Fund's investments as of October 31, 2022:

Donoghue Forlines Yield Enhanced Real Asset ETF
	Level 1		Level 2		Level 3		Total
Common Stocks
Energy	$	10,545,520	$	-	$	-	$	10,545,520
Industrials		3,708,896		-		-		3,708,896
Materials		4,649,500		-		-		4,649,500
Technology		314,076		-		-		314,076
Total Common Stocks		19,217,992		-		-		19,217,992
Preferred Stocks
Energy		408,594		-		-		408,594
Materials		255,678		-		-		255,678
Total Preferred Stocks		664,272		-		-		664,272
Master Limited Partnerships		3,351,111		-		-		3,351,111
REITs		3,814,281		-		-		3,814,281
Money Market Fund		584,657		-		-		584,657
Investment Purchased with the    Cash Proceeds From Securities Lending		5,617,739		-		-		5,617,739
Total Investments	$	33,250,052	$	-	$	-	$	33,250,052
Refer to the Fund's Schedule of Investments for a detailed break-out of holdings by sector classifications.
The Fund did not invest in any Level 3 securities during the period.