Trimtabs Etf Trust (TTAI) NPORT-P Donoghue Forlines Tactical High Yield ETF (Oct 2022 report)

Donoghue Forlines Tactical High Yield ETF
Schedule of Investments
October 31, 2022 (Unaudited)
	Shares		Value
EXCHANGE-TRADED FUNDS - 99.9%
iShares 0-5 Year High Yield Corporate Bond ETF (b)	93,146	$	3,805,014
iShares Broad USD High Yield Corporate Bond ETF (b)	199,226		6,871,305
iShares Fallen Angels USD Bond ETF	125,598		3,029,424
iShares iBoxx High Yield Corporate Bond ETF (b)	87,711		6,440,619
JPMorgan High Yield Research Enhanced ETF (b)	56,354		2,455,344
SPDR Bloomberg High Yield Bond ETF (b)	39,841		3,587,682
SPDR Bloomberg Short-Term High Yield Bond ETF	109,504		2,655,472
VanEck Fallen Angel High Yield Bond ETF	104,058		2,761,699
Xtrackers USD High Yield Corporate Bond ETF	147,825		4,981,702
TOTAL EXCHANGE-TRADED FUNDS (Cost $37,253,305)			36,588,261
MONEY MARKET FUND - 0.2%
Fidelity Institutional Money Market Fund - Government Portfolio, Institutional Class, 2.87% (a)	84,023		84,023
TOTAL MONEY MARKET FUND (Cost $84,023)			84,023
INVESTMENT PURCHASED WITH THE CASH PROCEEDS FROM SECURITIES LENDING - 8.6%
Investment Company - 8.6%
Mount Vernon Liquid Asset Portfolio, LLC, 3.24% (a)	3,130,332		3,130,332
TOTAL INVESTMENT PURCHASED WITH THE CASH PROCEEDS FROM SECURITIES LENDING (Cost $3,130,332)			3,130,332
Total Investments (Cost $40,467,660) - 108.7%			39,802,616
Liabilities in Excess of Other Assets - (8.7%)			(3,189,722)
TOTAL NET ASSETS - 100.0%		$	36,612,894
Percentages are stated as a percent of net assets.
ETF - Exchange-Traded Fund
(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 $2,777,837 as of October 31, 2022.

Donoghue Forlines Tactical High Yield 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 Tactical High Yield ETF
	Level 1		Level 2		Level 3		Total
Exchange-Traded Funds	$	36,588,261	$	-	$	-	$	36,588,261
Money Market Fund		84,023		-		-		84,023
Investment Purchased with the    Cash Proceeds From Securities Lending		3,130,332		-		-		3,130,332
Total Investments	$	39,802,616	$	-	$	-	$	39,802,616
The Fund did not invest in any Level 3 securities during the period.