STERLING CAPITAL FOCUS EQUITY ETF | |||||||
SCHEDULE OF INVESTMENTS (Unaudited) | |||||||
August 31, 2023 | |||||||
Shares | Fair Value | ||||||
COMMON STOCKS — 100.0% | |||||||
AEROSPACE & DEFENSE - 3.8% | |||||||
17,274 | HEICO Corporation, Class A | $ 2,339,417 | |||||
CAPITAL MARKETS - 8.2% | |||||||
12,907 | S&P Global, Inc. | 5,044,830 | |||||
COMMERCIAL SUPPORT SERVICES - 3.0% | |||||||
23,880 | Casella Waste Systems, Inc., Class A(a) | 1,881,028 | |||||
DIVERSIFIED FINANCIAL SERVICES - 4.7% | |||||||
5,305 | MSCI, Inc. | 2,883,904 | |||||
E-COMMERCE DISCRETIONARY - 4.9% | |||||||
21,764 | Amazon.com, Inc.(a) | 3,003,650 | |||||
HEALTH CARE EQUIPMENT & SUPPLIES - 5.8% | |||||||
7,055 | IDEXX Laboratories, Inc.(a) | 3,607,998 | |||||
HEALTH CARE TECHNOLOGY - 5.7% | |||||||
16,806 | Veeva Systems, Inc., Class A(a) | 3,507,412 | |||||
INTERNET MEDIA & SERVICES - 4.7% | |||||||
21,062 | Alphabet, Inc., Class C(a) | 2,892,866 | |||||
IT SERVICES - 13.7% | |||||||
5,894 | Mastercard, Inc., Class A | 2,432,100 | |||||
37,090 | Okta, Inc.(a) | 3,097,386 | |||||
44,504 | Shopify, Inc., Class A(a) | 2,959,071 | |||||
8,488,557 | |||||||
PROFESSIONAL SERVICES - 8.3% | |||||||
62,742 | CoStar Group, Inc.(a) | 5,144,217 | |||||
ROAD & RAIL - 3.2% | |||||||
4,581 | Old Dominion Freight Line, Inc. | 1,957,782 | |||||
STERLING CAPITAL FOCUS EQUITY ETF | |||||||
SCHEDULE OF INVESTMENTS (Unaudited) (Continued) | |||||||
August 31, 2023 | |||||||
Shares | Fair Value | ||||||
COMMON STOCKS — 100.0% (Continued) | |||||||
SOFTWARE - 24.3% | |||||||
13,274 | Atlassian Corp plc, Class A(a) | $ 2,708,692 | |||||
5,211 | HubSpot, Inc.(a) | 2,847,916 | |||||
7,817 | Microsoft Corporation | 2,562,100 | |||||
4,598 | ServiceNow, Inc.(a) | 2,707,440 | |||||
43,360 | Unity Software, Inc.(a) | 1,607,355 | |||||
11,006 | Workday, Inc., Class A(a) | 2,690,967 | |||||
15,124,470 | |||||||
TECHNOLOGY SERVICES - 9.7% | |||||||
717,030 | Adyen N.V. - ADR(a) | 5,972,860 | |||||
TOTAL COMMON STOCKS (Cost $64,884,992) | 61,848,991 | ||||||
�� | |||||||
TOTAL INVESTMENTS - 100.0% (Cost $64,884,992) | $ 61,848,991 | ||||||
OTHER ASSETS IN EXCESS OF LIABILITIES- 0.0% | 11,238 | ||||||
NET ASSETS - 100.0% | $ 61,860,229 | ||||||
ADR | - American Depositary Receipt |
MSCI | - Morgan Stanley Capital International |
NV | - Naamioze Vennootschap |
PLC | - Public Limited Company |
(a) | Non-income producing security. |
STERLING CAPITAL DIVERSE MULTI-MANAGER ACTIVE ETF | |||||||
SCHEDULE OF INVESTMENTS (Unaudited) | |||||||
August 31, 2023 | |||||||
Shares | Fair Value | ||||||
COMMON STOCKS — 98.1% | |||||||
AEROSPACE & DEFENSE - 1.5% | |||||||
1,714 | General Dynamics Corporation | $ 388,461 | |||||
4,727 | Hexcel Corporation | 346,489 | |||||
16,024 | Spirit AeroSystems Holdings, Inc., Class A | 341,632 | |||||
3,125 | Woodward, Inc. | 404,281 | |||||
1,480,863 | |||||||
ASSET MANAGEMENT - 1.3% | |||||||
1,129 | Ameriprise Financial, Inc. | 381,128 | |||||
4,717 | Raymond James Financial, Inc. | 493,351 | |||||
6,336 | Stifel Financial Corporation | 411,967 | |||||
1,286,446 | |||||||
AUTOMOTIVE - 0.3% | |||||||
6,724 | BorgWarner, Inc. | 274,003 | |||||
BANKING - 0.6% | |||||||
10,617 | Fifth Third Bancorp | 281,881 | |||||
25,426 | KeyCorporation | 288,077 | |||||
569,958 | |||||||
BIOTECH & PHARMA - 7.7% | |||||||
2,051 | Amgen, Inc. | 525,753 | |||||
1,120 | Biogen, Inc.(a) | 299,443 | |||||
6,058 | Eli Lilly and Company | 3,357,345 | |||||
8,015 | Gilead Sciences, Inc. | 612,987 | |||||
10,526 | Merck & Co., Inc. | 1,147,123 | |||||
907 | Regeneron Pharmaceuticals, Inc.(a) | 749,626 | |||||
1,472 | Vertex Pharmaceuticals, Inc.(a) | 512,756 | |||||
3,582 | Zoetis, Inc. | 682,407 | |||||
7,887,440 | |||||||
CHEMICALS - 1.1% | |||||||
1,959 | Albemarle Corporation | 389,272 | |||||
4,187 | Eastman Chemical Company | 355,937 | |||||
4,313 | International Flavors & Fragrances, Inc. | 303,851 | |||||
1,049,060 | |||||||
COMMERCIAL SUPPORT SERVICES - 0.9% | |||||||
4,686 | Republic Services, Inc. | 675,394 |
STERLING CAPITAL DIVERSE MULTI-MANAGER ACTIVE ETF | |||||||
SCHEDULE OF INVESTMENTS (Unaudited) (Continued) | |||||||
August 31, 2023 | |||||||
Shares | Fair Value | ||||||
COMMON STOCKS — 98.1% (Continued) | |||||||
COMMERCIAL SUPPORT SERVICES - 0.9% (Continued) | |||||||
5,278 | Stericycle, Inc.(a) | $ 233,340 | |||||
908,734 | |||||||
CONSTRUCTION MATERIALS - 1.0% | |||||||
1,204 | Martin Marietta Materials, Inc. | 537,478 | |||||
3,443 | Owens Corning | 495,482 | |||||
1,032,960 | |||||||
CONTAINERS & PACKAGING - 0.6% | |||||||
1,957 | Packaging Corp of America | 291,789 | |||||
8,283 | Sealed Air Corporation | 306,968 | |||||
598,757 | |||||||
DATA CENTER REIT - 0.5% | |||||||
4,008 | Digital Realty Trust, Inc. | 527,934 | |||||
DIVERSIFIED INDUSTRIALS - 0.8% | |||||||
2,993 | Dover Corporation | 443,862 | |||||
3,915 | Emerson Electric Co. | 384,649 | |||||
828,511 | |||||||
E-COMMERCE DISCRETIONARY - 2.9% | |||||||
21,627 | Amazon.com, Inc.(a) | 2,984,743 | |||||
ELECTRIC UTILITIES - 1.2% | |||||||
4,898 | Consolidated Edison, Inc. | 435,726 | |||||
6,983 | Eversource Energy | 445,656 | |||||
4,170 | WEC Energy Group, Inc. | 350,780 | |||||
1,232,162 | |||||||
ELECTRICAL EQUIPMENT - 2.3% | |||||||
16,294 | Carrier Global Corporation | 936,089 | |||||
3,513 | Keysight Technologies, Inc.(a) | 468,283 | |||||
9,640 | Sensata Technologies Holding plc | 362,657 | |||||
5,055 | TE Connectivity Ltd. | 669,231 | |||||
2,436,260 | |||||||
ENTERTAINMENT CONTENT - 2.2% | |||||||
51,075 | AppLovin Corporation(a) | 2,207,462 | |||||
STERLING CAPITAL DIVERSE MULTI-MANAGER ACTIVE ETF | |||||||
SCHEDULE OF INVESTMENTS (Unaudited) (Continued) | |||||||
August 31, 2023 | |||||||
Shares | Fair Value | ||||||
COMMON STOCKS — 98.1% (Continued) | |||||||
FOOD - 0.5% | |||||||
18,453 | Conagra Brands, Inc. | $ 551,376 | |||||
GAS & WATER UTILITIES - 0.6% | |||||||
4,038 | American Water Works Company, Inc. | 560,232 | |||||
HEALTH CARE FACILITIES & SERVICES - 4.4% | |||||||
2,109 | AmerisourceBergen Corporation | 371,142 | |||||
8,189 | Catalent, Inc.(a) | 409,204 | |||||
6,883 | Henry Schein, Inc.(a) | 526,825 | |||||
1,933 | Laboratory Corp of America Holdings | 402,257 | |||||
3,957 | Quest Diagnostics, Inc. | 520,346 | |||||
4,623 | UnitedHealth Group, Inc. | 2,203,229 | |||||
4,433,003 | |||||||
HOME & OFFICE PRODUCTS - 0.3% | |||||||
5,794 | Scotts Miracle-Gro Company (The) | 328,288 | |||||
HOME CONSTRUCTION - 1.9% | |||||||
11,378 | DR Horton, Inc. | 1,354,209 | |||||
9,555 | Masco Corporation | 563,841 | |||||
1,918,050 | |||||||
HOUSEHOLD PRODUCTS - 2.0% | |||||||
10,393 | Colgate-Palmolive Company | 763,574 | |||||
7,694 | Procter & Gamble Company (The) | 1,187,492 | |||||
1,951,066 | |||||||
INDUSTRIAL INTERMEDIATE PROD - 0.4% | |||||||
1,485 | Valmont Industries, Inc. | 376,448 | |||||
INDUSTRIAL REIT - 0.5% | |||||||
13,681 | Americold Realty Trust, Inc. | 460,366 | |||||
INDUSTRIAL SUPPORT SERVICES - 0.7% | |||||||
1,517 | United Rentals, Inc. | 722,911 | |||||
STERLING CAPITAL DIVERSE MULTI-MANAGER ACTIVE ETF | |||||||
SCHEDULE OF INVESTMENTS (Unaudited) (Continued) | |||||||
August 31, 2023 | |||||||
Shares | Fair Value | ||||||
COMMON STOCKS — 98.1% (Continued) | |||||||
INFRASTRUCTURE REIT - 0.4% | |||||||
1,689 | SBA Communications Corporation | $ 379,231 | |||||
INSTITUTIONAL FINANCIAL SERVICES - 1.4% | |||||||
4,223 | Houlihan Lokey, Inc. | 444,851 | |||||
4,223 | Intercontinental Exchange, Inc. | 498,272 | |||||
5,628 | Morgan Stanley | 479,224 | |||||
1,422,347 | |||||||
INSURANCE - 2.8% | |||||||
7,780 | MetLife, Inc. | 492,785 | |||||
3,510 | Progressive Corporation (The) | 468,480 | |||||
3,278 | Reinsurance Group of America, Inc. | 454,396 | |||||
2,111 | RenaissanceRe Holdings Ltd. | 396,636 | |||||
12,912 | Unum Group | 635,141 | |||||
6,107 | Voya Financial, Inc. | 425,536 | |||||
2,872,974 | |||||||
INTERNET MEDIA & SERVICES - 8.4% | |||||||
15,977 | Alphabet, Inc., Class C(a) | 2,194,440 | |||||
11,419 | Meta Platforms, Inc., Class A(a) | 3,378,768 | |||||
4,260 | Netflix, Inc.(a) | 1,847,477 | |||||
24,172 | Uber Technologies, Inc.(a) | 1,141,644 | |||||
8,562,329 | |||||||
LEISURE FACILITIES & SERVICES - 0.6% | |||||||
3,616 | Darden Restaurants, Inc. | 562,324 | |||||
MACHINERY - 1.0% | |||||||
1,445 | Deere & Company | 593,808 | |||||
1,700 | Snap-on, Inc. | 456,620 | |||||
1,050,428 | |||||||
MEDICAL EQUIPMENT & DEVICES - 4.9% | |||||||
3,618 | Agilent Technologies, Inc. | 438,031 | |||||
1,088 | Bio-Rad Laboratories, Inc., Class A(a) | 435,418 | |||||
9,209 | DENTSPLY SIRONA, Inc. | 341,562 | |||||
7,487 | GE HealthCare Technologies, Inc. | 527,459 | |||||
8,180 | Hologic, Inc.(a) | 611,373 |
STERLING CAPITAL DIVERSE MULTI-MANAGER ACTIVE ETF | |||||||
SCHEDULE OF INVESTMENTS (Unaudited) (Continued) | |||||||
August 31, 2023 | |||||||
Shares | Fair Value | ||||||
COMMON STOCKS — 98.1% (Continued) | |||||||
MEDICAL EQUIPMENT & DEVICES - 4.9% (Continued) | |||||||
1,655 | IDEXX Laboratories, Inc.(a) | $ 846,384 | |||||
3,980 | Intuitive Surgical, Inc.(a) | 1,244,466 | |||||
4,469 | Zimmer Biomet Holdings, Inc. | 532,347 | |||||
4,977,040 | |||||||
OFFICE REIT - 0.3% | |||||||
4,571 | Boston Properties, Inc. | 305,206 | |||||
OIL & GAS PRODUCERS - 2.2% | |||||||
23,187 | Canadian Natural Resources Ltd. | 1,499,967 | |||||
16,148 | Coterra Energy, Inc. | 455,212 | |||||
5,827 | Murphy Oil Corporation | 264,546 | |||||
2,219,725 | |||||||
OIL & GAS SERVICES & EQUIPMENT - 3.1% | |||||||
8,896 | ChampionX Corporation | 321,057 | |||||
6,971 | Helmerich & Payne, Inc. | 278,770 | |||||
43,593 | Schlumberger Ltd | 2,570,243 | |||||
3,170,070 | |||||||
REAL ESTATE SERVICES - 0.6% | |||||||
6,940 | CBRE Group, Inc., Class A(a) | 590,247 | |||||
RETAIL - CONSUMER STAPLES - 0.9% | |||||||
15,526 | Sprouts Farmers Market, Inc.(a) | 633,305 | |||||
2,396 | Target Corporation | 303,214 | |||||
936,519 | |||||||
RETAIL - DISCRETIONARY - 1.3% | |||||||
1,292 | Lowe's Companies, Inc. | 297,780 | |||||
11,189 | TJX Companies, Inc. (The) | 1,034,759 | |||||
1,332,539 | |||||||
RETAIL REIT - 0.3% | |||||||
15,495 | Kimco Realty Corporation | 293,475 | |||||
SEMICONDUCTORS - 9.5% | |||||||
7,306 | Applied Materials, Inc. | 1,116,065 | |||||
1,905 | Broadcom, Inc. | 1,758,105 |
STERLING CAPITAL DIVERSE MULTI-MANAGER ACTIVE ETF | |||||||
SCHEDULE OF INVESTMENTS (Unaudited) (Continued) | |||||||
August 31, 2023 | |||||||
Shares | Fair Value | ||||||
COMMON STOCKS — 98.1% (Continued) | |||||||
SEMICONDUCTORS - 9.5% (Continued) | |||||||
5,619 | Entegris, Inc. | $ 569,036 | |||||
2,399 | Lam Research Corporation | 1,685,058 | |||||
8,400 | NVIDIA Corporation | 4,145,819 | |||||
3,771 | Skyworks Solutions, Inc. | 410,059 | |||||
9,684,142 | |||||||
SOFTWARE - 11.2% | |||||||
10,032 | Akamai Technologies, Inc.(a) | 1,054,263 | |||||
1,656 | ANSYS, Inc.(a) | 528,049 | |||||
1,783 | Intuit, Inc. | 966,047 | |||||
9,319 | Microsoft Corporation | 3,054,394 | |||||
7,441 | Oracle Corporation | 895,822 | |||||
2,765 | ServiceNow, Inc.(a) | 1,628,115 | |||||
3,438 | Synopsys, Inc.(a) | 1,577,664 | |||||
4,248 | VMware, Inc., Class A(a) | 716,977 | |||||
3,897 | Workday, Inc., Class A(a) | 952,817 | |||||
11,374,148 | |||||||
SPECIALTY FINANCE - 1.5% | |||||||
10,684 | Air Lease Corporation | 435,480 | |||||
4,861 | American Express Co. | 767,989 | |||||
2,865 | GATX Corporation | 338,471 | |||||
1,541,940 | |||||||
SPECIALTY REIT - 0.3% | |||||||
12,903 | Hannon Armstrong Sustainable Infrastructure Capital, Inc. | 288,640 | |||||
STEEL - 0.5% | |||||||
4,989 | Steel Dynamics, Inc. | 531,778 | |||||
TECHNOLOGY HARDWARE - 3.7% | |||||||
16,380 | Apple, Inc. | 3,077,311 | |||||
3,198 | Arrow Electronics, Inc.(a) | 426,709 | |||||
5,907 | Lumentum Holdings, Inc.(a) | 319,746 | |||||
3,823,766 | |||||||
TECHNOLOGY SERVICES - 3.3% | |||||||
925 | Accenture plc, Class A | 299,487 |
STERLING CAPITAL DIVERSE MULTI-MANAGER ACTIVE ETF | |||||||
SCHEDULE OF INVESTMENTS (Unaudited) (Continued) | |||||||
August 31, 2023 | |||||||
Shares | Fair Value | ||||||
COMMON STOCKS — 98.1% (Continued) | |||||||
TECHNOLOGY SERVICES - 3.3% (Continued) | |||||||
2,109 | Broadridge Financial Solutions, Inc. | $ 392,717 | |||||
564 | Fair Isaac Corporation(a) | 510,189 | |||||
3,301 | Global Payments, Inc. | 418,204 | |||||
6,095 | PayPal Holdings, Inc.(a) | 380,998 | |||||
5,579 | Visa, Inc., Class A | 1,370,649 | |||||
3,372,244 | |||||||
TELECOMMUNICATIONS - 0.6% | |||||||
18,594 | Verizon Communications, Inc. | 650,418 | |||||
TIMBER REIT - 0.5% | |||||||
18,750 | Weyerhaeuser Company | 614,062 | |||||
TRANSPORTATION & LOGISTICS - 0.4% | |||||||
13,504 | CSX Corporation | 407,821 | |||||
TRANSPORTATION EQUIPMENT - 1.5% | |||||||
3,457 | Cummins, Inc. | 795,248 | |||||
6,148 | Westinghouse Air Brake Technologies Corporation | 691,773 | |||||
1,487,021 | |||||||
WHOLESALE - CONSUMER STAPLES - 0.3% | |||||||
4,926 | Sysco Corporation | 343,096 | |||||
WHOLESALE - DISCRETIONARY - 0.4% | |||||||
7,753 | LKQ Corporation | 407,265 | |||||
TOTAL COMMON STOCKS (Cost $91,053,788) | 99,807,828 | ||||||
TOTAL INVESTMENTS - 98.1% (Cost $91,053,788) | $ 99,807,828 | ||||||
OTHER ASSETS IN EXCESS OF LIABILITIES- 1.9% | 1,947,097 | ||||||
NET ASSETS - 100.0% | $ 101,754,925 | ||||||
STERLING CAPITAL DIVERSE MULTI-MANAGER ACTIVE ETF
SCHEDULE OF INVESTMENTS (Unaudited) (Continued)
August 31, 2023
LTD | - Limited Company |
PLC | - Public Limited Company |
REIT | - Real Estate Investment Trust |
(a) | Non-income producing security. |