INSPIRE FAITHWARD MID CAP MOMENTUM ETF | |||||||
SCHEDULE OF INVESTMENTS (Unaudited) | |||||||
August 31, 2023 | |||||||
Shares | Fair Value | ||||||
COMMON STOCKS — 99.0% | |||||||
BIOTECH & PHARMA - 2.6% | |||||||
6,000 | United Therapeutics Corporation(a) | $ 1,346,160 | |||||
CHEMICALS - 5.9% | |||||||
26,960 | Olin Corporation | 1,564,220 | |||||
11,360 | Westlake Corporation | 1,487,933 | |||||
3,052,153 | |||||||
COMMERCIAL SUPPORT SERVICES - 2.7% | |||||||
7,680 | FTI Consulting, Inc.(a) | 1,427,098 | |||||
CONSTRUCTION MATERIALS - 2.8% | |||||||
5,520 | Carlisle Companies, Inc. | 1,451,870 | |||||
ELECTRIC UTILITIES - 2.6% | |||||||
40,320 | OGE Energy Corporation | 1,372,896 | |||||
ENGINEERING & CONSTRUCTION - 2.4% | |||||||
12,720 | MasTec, Inc.(a) | 1,265,513 | |||||
GAS & WATER UTILITIES - 5.6% | |||||||
28,480 | National Fuel Gas Company | 1,530,516 | |||||
22,480 | Southwest Gas Holdings, Inc. | 1,392,186 | |||||
2,922,702 | |||||||
HEALTH CARE FACILITIES & SERVICES - 5.6% | |||||||
2,640 | Chemed Corporation | 1,350,202 | |||||
22,320 | Encompass Health Corporation | 1,585,612 | |||||
2,935,814 | |||||||
INDUSTRIAL INTERMEDIATE PROD - 2.6% | |||||||
5,280 | Valmont Industries, Inc. | 1,338,480 | |||||
INDUSTRIAL SUPPORT SERVICES - 2.9% | |||||||
4,080 | Watsco, Inc. | 1,487,364 | |||||
INSPIRE FAITHWARD MID CAP MOMENTUM ETF | |||||||
SCHEDULE OF INVESTMENTS (Unaudited) (Continued) | |||||||
August 31, 2023 | |||||||
Shares | Fair Value | ||||||
COMMON STOCKS — 99.0% (Continued) | |||||||
INSTITUTIONAL FINANCIAL SERVICES - 2.7% | |||||||
23,120 | SEI Investments Company | $ 1,434,827 | |||||
INSURANCE - 11.3% | |||||||
12,320 | American Financial Group, Inc. | 1,428,134 | |||||
3,840 | Kinsale Capital Group, Inc. | 1,530,740 | |||||
55,680 | Old Republic International Corporation | 1,522,848 | |||||
10,320 | Reinsurance Group of America, Inc. | 1,430,558 | |||||
5,912,280 | |||||||
LEISURE PRODUCTS - 2.4% | |||||||
10,960 | Polaris, Inc. | 1,228,506 | |||||
MACHINERY - 3.1% | |||||||
7,680 | Curtiss-Wright Corporation | 1,597,363 | |||||
OIL & GAS PRODUCERS - 9.0% | |||||||
29,360 | HF Sinclair Corporation | 1,617,442 | |||||
35,040 | Murphy Oil Corporation | 1,590,816 | |||||
4,640 | Murphy USA, Inc. | 1,473,850 | |||||
4,682,108 | |||||||
OIL & GAS SERVICES & EQUIPMENT - 3.2% | |||||||
78,960 | NOV, Inc. | 1,668,425 | |||||
RETAIL - CONSUMER STAPLES - 5.7% | |||||||
23,040 | BJ's Wholesale Club Holdings, Inc.(a) | 1,552,665 | |||||
5,760 | Casey's General Stores, Inc. | 1,407,802 | |||||
2,960,467 | |||||||
RETAIL - DISCRETIONARY - 5.9% | |||||||
9,840 | AutoNation, Inc.(a) | 1,545,766 | |||||
10,720 | Builders FirstSource, Inc.(a) | 1,554,829 | |||||
3,100,595 | |||||||
RETAIL REIT - 2.7% | |||||||
14,400 | Federal Realty Investment Trust | 1,410,336 | |||||
INSPIRE FAITHWARD MID CAP MOMENTUM ETF | |||||||
SCHEDULE OF INVESTMENTS (Unaudited) (Continued) | |||||||
August 31, 2023 | |||||||
Shares | Fair Value | ||||||
COMMON STOCKS — 99.0% (Continued) | |||||||
SEMICONDUCTORS - 3.2% | |||||||
17,040 | Lattice Semiconductor Corporation(a) | $ 1,657,310 | |||||
SOFTWARE - 3.3% | |||||||
11,200 | Qualys, Inc.(a) | 1,743,280 | |||||
SPECIALTY REIT - 2.6% | |||||||
15,120 | Lamar Advertising Company, Class A | 1,379,246 | |||||
STEEL - 5.5% | |||||||
5,120 | Reliance Steel & Aluminum Company | 1,458,995 | |||||
33,600 | Ternium S.A. - ADR | 1,403,808 | |||||
2,862,803 | |||||||
TRANSPORTATION & LOGISTICS - 2.7% | |||||||
26,000 | Knight-Swift Transportation Holdings, Inc. | 1,425,320 | |||||
TOTAL COMMON STOCKS (Cost $48,271,922) | 51,662,916 | ||||||
TOTAL INVESTMENTS - 99.0% (Cost $48,271,922) | $ 51,662,916 | ||||||
OTHER ASSETS IN EXCESS OF LIABILITIES - 1.0% | 539,256 | ||||||
NET ASSETS - 100.0% | $ 52,202,172 | ||||||
ADR | - American Depositary Receipt |
REIT | - Real Estate Investment Trust |
S/A | - Société Anonyme |
(a) | Non-income producing security. |