INSPIRE 100 ETF | |||||||
SCHEDULE OF INVESTMENTS (Unaudited) | |||||||
August 31, 2023 | |||||||
Shares | Fair Value | ||||||
COMMON STOCKS — 99.8% | |||||||
ASSET MANAGEMENT - 0.6% | |||||||
8,168 | LPL Financial Holdings, Inc. | $ 1,883,459 | |||||
BANKING - 0.7% | |||||||
1,516 | First Citizens BancShares, Inc., Class A | 2,062,367 | |||||
5,831 | SVB Financial Group(a) | 466 | |||||
2,062,833 | |||||||
BIOTECH & PHARMA - 2.4% | |||||||
14,549 | Alnylam Pharmaceuticals, Inc.(a) | 2,878,084 | |||||
24,048 | Incyte Corporation(a) | 1,551,817 | |||||
11,043 | Neurocrine Biosciences, Inc.(a) | 1,202,472 | |||||
11,206 | Sarepta Therapeutics, Inc.(a) | 1,356,038 | |||||
6,988,411 | |||||||
CHEMICALS - 1.4% | |||||||
13,125 | Albemarle Corporation | 2,608,068 | |||||
36,582 | Mosaic Company (The) | 1,421,211 | |||||
4,029,279 | |||||||
COMMERCIAL SUPPORT SERVICES - 4.7% | |||||||
10,826 | Cintas Corporation | 5,458,143 | |||||
32,761 | Republic Services, Inc. | 4,721,843 | |||||
26,786 | Waste Connections, Inc. | 3,669,414 | |||||
13,849,400 | |||||||
CONSTRUCTION MATERIALS - 0.8% | |||||||
8,594 | Advanced Drainage Systems, Inc. | 1,101,407 | |||||
5,146 | Carlisle Companies, Inc. | 1,353,501 | |||||
2,454,908 | |||||||
CONTAINERS & PACKAGING - 0.4% | |||||||
13,067 | Crown Holdings, Inc. | 1,210,788 | |||||
DATA CENTER REIT - 1.3% | |||||||
29,704 | Digital Realty Trust, Inc. | 3,912,611 | |||||
DIVERSIFIED INDUSTRIALS - 0.7% | |||||||
14,729 | Dover Corporation | 2,184,311 | |||||
INSPIRE 100 ETF | |||||||
SCHEDULE OF INVESTMENTS (Unaudited) (Continued) | |||||||
August 31, 2023 | |||||||
Shares | Fair Value | ||||||
COMMON STOCKS — 99.8% (Continued) | |||||||
ELECTRIC UTILITIES - 2.1% | |||||||
73,594 | AES Corporation (The) | $ 1,319,540 | |||||
27,582 | Alliant Energy Corporation | 1,383,789 | |||||
42,504 | Avangrid, Inc. | 1,466,388 | |||||
68,809 | CenterPoint Energy, Inc. | 1,919,083 | |||||
6,088,800 | |||||||
ELECTRICAL EQUIPMENT - 2.7% | |||||||
61,770 | Amphenol Corporation, Class A | 5,459,233 | |||||
18,557 | Keysight Technologies, Inc.(a) | 2,473,648 | |||||
7,932,881 | |||||||
ENGINEERING & CONSTRUCTION - 1.1% | |||||||
15,288 | Quanta Services, Inc. | 3,208,493 | |||||
FOOD - 1.6% | |||||||
16,290 | Darling Ingredients, Inc.(a) | 1,006,070 | |||||
59,852 | Hormel Foods Corporation | 2,309,689 | |||||
15,594 | Lamb Weston Holdings, Inc. | 1,519,012 | |||||
4,834,771 | |||||||
HEALTH CARE FACILITIES & SERVICES - 0.9% | |||||||
19,434 | Catalent, Inc.(a) | 971,117 | |||||
5,908 | Molina Healthcare, Inc.(a) | 1,832,189 | |||||
2,803,306 | |||||||
HEALTH CARE REIT - 0.6% | |||||||
41,566 | Ventas, Inc. | 1,815,603 | |||||
INDUSTRIAL REIT - 4.1% | |||||||
98,160 | Prologis, Inc. | 12,191,472 | |||||
INDUSTRIAL SUPPORT SERVICES - 1.1% | |||||||
6,923 | United Rentals, Inc. | 3,299,086 | |||||
INSTITUTIONAL FINANCIAL SERVICES - 1.4% | |||||||
43,885 | Interactive Brokers Group, Inc., Class A | 3,997,046 | |||||
INSPIRE 100 ETF | |||||||
SCHEDULE OF INVESTMENTS (Unaudited) (Continued) | |||||||
August 31, 2023 | |||||||
Shares | Fair Value | ||||||
COMMON STOCKS — 99.8% (Continued) | |||||||
INSURANCE - 0.5% | |||||||
24,160 | Loews Corporation | $ 1,500,094 | |||||
MACHINERY - 2.4% | |||||||
5,884 | Nordson Corporation | 1,436,520 | |||||
13,372 | Parker-Hannifin Corporation | 5,574,787 | |||||
7,011,307 | |||||||
MEDICAL EQUIPMENT & DEVICES - 11.2% | |||||||
16,068 | Bio-Techne Corporation | 1,259,731 | |||||
63,245 | Edwards Lifesciences Corporation(a) | 4,836,345 | |||||
18,566 | Exact Sciences Corporation(a) | 1,553,417 | |||||
8,696 | IDEXX Laboratories, Inc.(a) | 4,447,221 | |||||
35,974 | Intuitive Surgical, Inc.(a) | 11,248,351 | |||||
2,348 | Mettler-Toledo International, Inc.(a) | 2,849,251 | |||||
6,347 | Repligen Corporation(a) | 1,103,807 | |||||
15,727 | ResMed, Inc. | 2,509,872 | |||||
7,726 | West Pharmaceutical Services, Inc. | 3,143,709 | |||||
32,951,704 | |||||||
METALS & MINING - 3.2% | |||||||
154,783 | Freeport-McMoRan, Inc. | 6,177,390 | |||||
86,493 | Newmont Corporation | 3,409,554 | |||||
9,586,944 | |||||||
MULTI ASSET CLASS REIT - 0.5% | |||||||
23,680 | WP Carey, Inc. | 1,540,384 | |||||
OFFICE REIT - 1.1% | |||||||
18,935 | Alexandria Real Estate Equities, Inc. | 2,202,898 | |||||
16,094 | Boston Properties, Inc. | 1,074,596 | |||||
3,277,494 | |||||||
OIL & GAS PRODUCERS - 2.5% | |||||||
30,576 | Antero Resources Corporation(a) | 846,038 | |||||
70,361 | Devon Energy Corporation | 3,594,744 | |||||
19,040 | Diamondback Energy, Inc. | 2,889,891 | |||||
7,330,673 |
INSPIRE 100 ETF | |||||||
SCHEDULE OF INVESTMENTS (Unaudited) (Continued) | |||||||
August 31, 2023 | |||||||
Shares | Fair Value | ||||||
COMMON STOCKS — 99.8% (Continued) | |||||||
OIL & GAS SERVICES & EQUIPMENT - 3.0% | |||||||
150,982 | Schlumberger Ltd. | $ 8,901,899 | |||||
RENEWABLE ENERGY - 1.4% | |||||||
14,872 | Enphase Energy, Inc.(a) | 1,881,754 | |||||
11,293 | First Solar, Inc.(a) | 2,135,732 | |||||
4,017,486 | |||||||
RESIDENTIAL REIT - 3.7% | |||||||
11,942 | Camden Property Trust | 1,285,198 | |||||
20,782 | Equity LifeStyle Properties, Inc. | 1,391,563 | |||||
41,505 | Equity Residential | 2,690,769 | |||||
66,770 | Invitation Homes, Inc. | 2,276,189 | |||||
13,907 | Sun Communities, Inc. | 1,702,495 | |||||
35,704 | UDR, Inc. | 1,424,590 | |||||
10,770,804 | |||||||
RETAIL - DISCRETIONARY - 1.4% | |||||||
13,074 | Builders FirstSource, Inc.(a) | 1,896,253 | |||||
14,493 | Genuine Parts Company | 2,228,009 | |||||
4,124,262 | |||||||
SELF-STORAGE REIT - 0.6% | |||||||
14,627 | Extra Space Storage, Inc. | 1,882,202 | |||||
SEMICONDUCTORS - 7.7% | |||||||
15,227 | Entegris, Inc. | 1,542,038 | |||||
13,947 | KLA Corporation | 6,999,581 | |||||
13,300 | Lattice Semiconductor Corporation(a) | 1,293,558 | |||||
54,903 | Microchip Technology, Inc. | 4,493,262 | |||||
43,446 | ON Semiconductor Corporation(a) | 4,277,693 | |||||
16,225 | Skyworks Solutions, Inc. | 1,764,307 | |||||
16,099 | Teradyne, Inc. | 1,736,599 | |||||
12,253 | Wolfspeed, Inc.(a) | 585,938 | |||||
22,692,976 | |||||||
SOFTWARE - 12.3% | |||||||
9,228 | ANSYS, Inc.(a) | 2,942,532 | |||||
21,876 | DocuSign, Inc.(a) | 1,100,363 |
INSPIRE 100 ETF | |||||||
SCHEDULE OF INVESTMENTS (Unaudited) (Continued) | |||||||
August 31, 2023 | |||||||
Shares | Fair Value | ||||||
COMMON STOCKS — 99.8% (Continued) | |||||||
SOFTWARE - 12.3% (Continued) | |||||||
6,402 | Manhattan Associates, Inc.(a) | $ 1,297,173 | |||||
10,950 | Roper Technologies, Inc. | 5,464,707 | |||||
21,502 | ServiceNow, Inc.(a) | 12,661,024 | |||||
16,123 | Synopsys, Inc.(a) | 7,398,683 | |||||
4,276 | Tyler Technologies, Inc.(a) | 1,703,687 | |||||
17,822 | Veeva Systems, Inc., Class A(a) | 3,719,451 | |||||
36,287,620 | |||||||
STEEL - 2.1% | |||||||
25,181 | Nucor Corporation | 4,333,650 | |||||
17,181 | Steel Dynamics, Inc. | 1,831,323 | |||||
6,164,973 | |||||||
TECHNOLOGY HARDWARE - 1.5% | |||||||
22,038 | NetApp, Inc. | 1,690,315 | |||||
5,018 | Super Micro Computer, Inc.(a) | 1,380,351 | |||||
5,119 | Zebra Technologies Corporation, Class A(a) | 1,407,776 | |||||
4,478,442 | |||||||
TECHNOLOGY SERVICES - 11.3% | |||||||
43,612 | CoStar Group, Inc.(a) | 3,575,748 | |||||
6,030 | EPAM Systems, Inc.(a) | 1,561,710 | |||||
2,637 | Fair Isaac Corporation(a) | 2,385,404 | |||||
63,279 | Fidelity National Information Services, Inc. | 3,534,765 | |||||
7,723 | FleetCor Technologies, Inc.(a) | 2,098,571 | |||||
8,577 | Gartner, Inc.(a) | 2,999,205 | |||||
28,678 | Global Payments, Inc. | 3,633,216 | |||||
8,784 | MSCI, Inc. | 4,775,158 | |||||
39,575 | Paychex, Inc. | 4,837,252 | |||||
15,755 | Verisk Analytics, Inc. | 3,816,176 | |||||
33,217,205 | |||||||
TRANSPORTATION & LOGISTICS - 2.8% | |||||||
15,818 | Expeditors International of Washington, Inc. | 1,846,119 | |||||
10,893 | JB Hunt Transport Services, Inc. | 2,046,577 | |||||
10,487 | Old Dominion Freight Line, Inc. | 4,481,829 | |||||
8,374,525 |
INSPIRE 100 ETF | |||||||
SCHEDULE OF INVESTMENTS (Unaudited) (Continued) | |||||||
August 31, 2023 | |||||||
Shares | Fair Value | ||||||
COMMON STOCKS — 99.8% (Continued) | |||||||
TRANSPORTATION EQUIPMENT - 1.5% | |||||||
52,790 | PACCAR, Inc. | $ 4,344,089 | |||||
WHOLESALE - DISCRETIONARY - 0.5% | |||||||
27,208 | LKQ Corporation | 1,429,236 | |||||
TOTAL COMMON STOCKS (Cost $303,521,538) | 294,631,777 | ||||||
TOTAL INVESTMENTS - 99.8% (Cost $303,521,538) | $ 294,631,777 | ||||||
OTHER ASSETS IN EXCESS OF LIABILITIES - 0.2% | 537,471 | ||||||
NET ASSETS - 100.0% | $ 295,169,248 | ||||||
LLC | - Limited Liability Company |
LTD | - Limited Company |
MSCI | - Morgan Stanley Capital International |
REIT | - Real Estate Investment Trust |
(a) | Non-income producing security. |