R3 GLOBAL DIVIDEND GROWTH ETF | |||||||
SCHEDULE OF INVESTMENTS (Unaudited) | |||||||
November 30, 2023 | |||||||
Shares | Fair Value | ||||||
COMMON STOCKS — 98.6% | |||||||
APPAREL & TEXTILE PRODUCTS - 2.9% | |||||||
523 | LVMH Moet Hennessy Louis Vuitton S.E. | $ 399,991 | |||||
3,864 | NIKE, Inc., Class B | 426,083 | |||||
826,074 | |||||||
ASSET MANAGEMENT - 2.9% | |||||||
1,082 | BlackRock, Inc. | 812,831 | |||||
AUTOMOTIVE - 2.5% | |||||||
21,530 | Cie Generale des Etablissements Michelin SCA | 721,963 | |||||
BANKING - 6.5% | |||||||
25,405 | DBS Group Holdings Ltd. | 602,756 | |||||
3,984 | JPMorgan Chase & Company | 621,823 | |||||
71,732 | Mitsubishi UFJ Financial Group, Inc. | 607,250 | |||||
1,831,829 | |||||||
BEVERAGES - 4.2% | |||||||
186,886 | Ambev S.A. - ADR | 512,068 | |||||
11,408 | Coca-Cola Company | 666,684 | |||||
1,178,752 | |||||||
BIOTECH & PHARMA - 9.5% | |||||||
3,343 | CSL Ltd. | 579,210 | |||||
4,173 | Novartis A.G. | 405,667 | |||||
7,890 | Novo Nordisk A/S | 801,213 | |||||
16,773 | Pfizer, Inc. | 511,073 | |||||
1,404 | Roche Holding A.G. | 378,495 | |||||
2,675,658 | |||||||
CHEMICALS - 5.9% | |||||||
1,787 | Avery Dennison Corporation | 347,572 | |||||
7,521 | Croda International plc | 425,708 | |||||
6,123 | Dow, Inc. | 316,865 | |||||
31,160 | Victrex plc | 575,456 | |||||
1,665,601 | |||||||
COMMERCIAL SUPPORT SERVICES - 2.2% | |||||||
15,047 | Rollins, Inc. | 613,015 | |||||
R3 GLOBAL DIVIDEND GROWTH ETF | |||||||
SCHEDULE OF INVESTMENTS (Unaudited) (Continued) | |||||||
November 30, 2023 | |||||||
Shares | Fair Value | ||||||
COMMON STOCKS — 98.6% (Continued) | |||||||
CONSTRUCTION MATERIALS - 1.1% | |||||||
9,597 | James Hardie Industries plc - ADR(a) | $ 308,543 | |||||
DIVERSIFIED INDUSTRIALS - 1.4% | |||||||
3,934 | 3M Company | 389,741 | |||||
ELECTRIC UTILITIES - 5.4% | |||||||
73,234 | CLP Holdings Ltd. | 569,588 | |||||
44,101 | National Grid PLC | 572,006 | |||||
6,775 | NextEra Energy, Inc. | 396,405 | |||||
1,537,999 | |||||||
ELECTRICAL EQUIPMENT - 4.2% | |||||||
14,381 | Kone OYJ, Class B | 638,443 | |||||
4,173 | TE Connectivity Ltd. | 546,663 | |||||
1,185,106 | |||||||
INSTITUTIONAL FINANCIAL SERVICES - 6.6% | |||||||
3,939 | Deutsche Boerse A.G. | 747,244 | |||||
18,727 | Hong Kong Exchanges & Clearing Ltd. | 664,604 | |||||
51,228 | IG Group Holdings plc | 442,318 | |||||
1,854,166 | |||||||
INTERNET MEDIA & SERVICES - 2.2% | |||||||
91,562 | Rightmove plc | 629,453 | |||||
MACHINERY - 1.9% | |||||||
14,786 | Washtec A.G. | 537,497 | |||||
MEDICAL EQUIPMENT & DEVICES - 3.1% | |||||||
2,782 | Coloplast A/S - Series B | 328,203 | |||||
6,955 | Medtronic PLC | 551,323 | |||||
879,526 | |||||||
OIL & GAS PRODUCERS - 7.2% | |||||||
4,578 | Chevron Corporation | 657,401 | |||||
10,869 | Rubis SCA | 263,799 | |||||
20,617 | Shell plc | 666,248 |
R3 GLOBAL DIVIDEND GROWTH ETF | |||||||
SCHEDULE OF INVESTMENTS (Unaudited) (Continued) | |||||||
November 30, 2023 | |||||||
Shares | Fair Value | ||||||
COMMON STOCKS — 98.6% (Continued) | |||||||
OIL & GAS PRODUCERS - 7.2% (Continued) | |||||||
22,353 | Woodside Energy Group Ltd. | $ 457,841 | |||||
2,045,289 | |||||||
RETAIL - CONSUMER STAPLES - 3.6% | |||||||
51,113 | BIM Birlesik Magazalar A/S | 545,243 | |||||
3,640 | Target Corporation | 487,068 | |||||
1,032,311 | |||||||
SELF-STORAGE REIT - 1.5% | |||||||
44,484 | Safestore Holdings plc | 429,853 | |||||
SEMICONDUCTORS - 3.4% | |||||||
9,931 | Taiwan Semiconductor Manufacturing Company Ltd. - ADR | 966,386 | |||||
SOFTWARE - 4.7% | |||||||
2,782 | Microsoft Corporation | 1,054,128 | |||||
7,099 | Neste OYJ | 269,496 | |||||
1,323,624 | |||||||
SPECIALTY FINANCE - 1.6% | |||||||
10,230 | Fidelity National Financial, Inc. | 458,713 | |||||
TECHNOLOGY HARDWARE - 2.7% | |||||||
4,042 | Apple, Inc. | 767,778 | |||||
TECHNOLOGY SERVICES - 3.7% | |||||||
11,494 | Experian plc | 421,200 | |||||
2,410 | Visa, Inc., Class A | 618,599 | |||||
1,039,799 | |||||||
TELECOMMUNICATIONS - 3.9% | |||||||
20,744 | BCE, Inc. | 816,851 | |||||
27,373 | Telenor ASA | 294,194 | |||||
1,111,045 | |||||||
TOBACCO & CANNABIS - 2.3% | |||||||
6,820 | Philip Morris International, Inc. | 636,715 | |||||
R3 GLOBAL DIVIDEND GROWTH ETF | |||||||
SCHEDULE OF INVESTMENTS (Unaudited) (Continued) | |||||||
November 30, 2023 | |||||||
Shares | Fair Value | ||||||
COMMON STOCKS — 98.6% (Continued) | |||||||
TRANSPORTATION & LOGISTICS - 1.5% | |||||||
1,839 | Union Pacific Corporation | $ 414,272 | |||||
TOTAL COMMON STOCKS (Cost $27,598,301) | 27,873,539 | ||||||
TOTAL INVESTMENTS - 98.6% (Cost $27,598,301) | $ 27,873,539 | ||||||
OTHER ASSETS IN EXCESS OF LIABILITIES- 1.4% | 388,622 | ||||||
NET ASSETS - 100.0% | $ 28,262,161 | ||||||
ADR | - American Depositary Receipt |
A/S | - Anonim Sirketi |
LTD | - Limited Company |
OYJ | - Julkinen osakeyhtiö |
PLC | - Public Limited Company |
REIT | - Real Estate Investment Trust |
S/A | - Société Anonyme |
(a) | Non-income producing security. |