FMC EXCELSIOR FOCUS EQUITY ETF | |||||||
SCHEDULE OF INVESTMENTS (Unaudited) | |||||||
November 30, 2022 | |||||||
Shares | Fair Value | ||||||
COMMON STOCKS — 84.5% | |||||||
ASSET MANAGEMENT – 10.9% | |||||||
76,064 | Brookfield Asset Management, Inc., Class A | $ 3,586,418 | |||||
85,873 | KKR & Company, Inc. | 4,458,527 | |||||
8,044,945 | |||||||
BANKING - 1.7% | |||||||
1,424 | JPMorgan Chase & Company | 196,768 | |||||
24,038 | US Bancorp | 1,091,085 | |||||
1,287,853 | |||||||
BIOTECH & PHARMA - 1.5% | |||||||
2,633 | Amgen, Inc. | 754,091 | |||||
3,720 | Gilead Sciences, Inc. | 326,728 | |||||
1,080,819 | |||||||
CABLE & SATELLITE - 3.9% | |||||||
14,360 | Comcast Corporation, Class A | 526,150 | |||||
7,562 | Liberty Broadband Corporation - Series A(a) | 682,092 | |||||
18,589 | Liberty Broadband Corporation - Series C(a) | 1,688,997 | |||||
2,897,239 | |||||||
CHEMICALS - 4.5% | |||||||
8,801 | Linde plc | 2,961,360 | |||||
3,030 | Minerals Technologies, Inc. | 182,679 | |||||
2,248 | Nutrien Ltd. | 180,739 | |||||
3,324,778 | |||||||
DIVERSIFIED INDUSTRIALS - 2.0% | |||||||
6,713 | Honeywell International, Inc. | 1,473,839 | |||||
ELECTRICAL EQUIPMENT - 3.4% | |||||||
14,084 | Keysight Technologies, Inc.(a) | 2,547,655 | |||||
HEALTH CARE FACILITIES & SERVICES - 5.6% | |||||||
7,612 | UnitedHealth Group, Inc. | 4,169,549 | |||||
HOUSEHOLD PRODUCTS - 1.6% | |||||||
6,120 | Colgate-Palmolive Company | 474,178 | |||||
4,549 | Procter & Gamble Company (The) | 678,528 | |||||
1,152,706 |
FMC EXCELSIOR FOCUS EQUITY ETF | |||||||
SCHEDULE OF INVESTMENTS (Unaudited) (Continued) | |||||||
November 30, 2022 | |||||||
Shares | Fair Value | ||||||
COMMON STOCKS — 84.5% (Continued) | |||||||
INSURANCE - 5.2% | |||||||
8 | Berkshire Hathaway, Inc., Class A(a) | $ 3,842,240 | |||||
INTERNET MEDIA & SERVICES - 4.6% | |||||||
14,759 | Alphabet, Inc., Class A(a) | 1,490,511 | |||||
2,910 | Alphabet, Inc., Class C(a) | 295,220 | |||||
31,401 | IAC, Inc.(a) | 1,629,399 | |||||
3,415,130 | |||||||
LEISURE FACILITIES & SERVICES - 7.8% | |||||||
4,537 | McDonald's Corporation | 1,237,648 | |||||
34,190 | Starbucks Corporation | 3,494,218 | |||||
6,994 | Yum China Holdings, Inc. | 385,509 | |||||
5,123 | Yum! Brands, Inc. | 659,125 | |||||
5,776,500 | |||||||
MACHINERY - 3.3% | |||||||
34,926 | Graco, Inc. | 2,443,772 | |||||
MEDICAL EQUIPMENT & DEVICES - 0.7% | |||||||
3,795 | Baxter International, Inc. | 214,531 | |||||
1,204 | Danaher Corporation | 329,186 | |||||
543,717 | |||||||
PUBLISHING & BROADCASTING - 3.4% | |||||||
23,278 | Liberty Media Corp-Liberty SiriusXM, Class A(a) | 1,020,042 | |||||
34,162 | Liberty Media Corp-Liberty SiriusXM, Class C(a) | 1,497,320 | |||||
2,517,362 | |||||||
RESIDENTIAL REIT - 0.2% | |||||||
1,936 | Equity Residential | 125,569 | |||||
RETAIL - DISCRETIONARY - 4.9% | |||||||
4,166 | O'Reilly Automotive, Inc.(a) | 3,601,674 | |||||
SEMICONDUCTORS - 2.2% | |||||||
20,705 | Entegris, Inc. | 1,600,289 | |||||
FMC EXCELSIOR FOCUS EQUITY ETF | |||||||
SCHEDULE OF INVESTMENTS (Unaudited) (Continued) | |||||||
November 30, 2022 | |||||||
Shares | Fair Value | ||||||
COMMON STOCKS — 84.5% (Continued) | |||||||
SOFTWARE - 11.4% | |||||||
10,038 | Microsoft Corporation | $ 2,561,095 | |||||
15,379 | Nice Ltd. - ADR(a) | 2,986,140 | |||||
34,633 | Oracle Corporation | 2,875,578 | |||||
8,422,813 | |||||||
TECHNOLOGY HARDWARE - 4.5% | |||||||
22,656 | Apple, Inc. | 3,353,768 | |||||
TECHNOLOGY SERVICES - 0.9% | |||||||
1,551 | S&P Global, Inc. | 547,193 | |||||
572 | Visa, Inc., Class A | 124,124 | |||||
671,317 | |||||||
TRANSPORTATION & LOGISTICS - 0.3% | |||||||
2,910 | Kirby Corporation(a) | 203,089 | |||||
TOTAL COMMON STOCKS (Cost $29,845,223) | 62,496,623 | ||||||
TOTAL INVESTMENTS - 84.5% (Cost $29,845,223) | $ 62,496,623 | ||||||
OTHER ASSETS IN EXCESS OF LIABILITIES - 15.5% | 11,497,297 | ||||||
NET ASSETS - 100.0% | $ 73,993,920 | ||||||
(a) | - Non-income producing security. |
ADR | - American Depositary Receipt |