STF Tactical Growth & Income ETF | ||||||||
Schedule of Investments | ||||||||
December 31, 2022 (Unaudited) | ||||||||
Shares | Value | |||||||
COMMON STOCKS — 48.4% | ||||||||
Accommodation — 0.2% | ||||||||
Marriott International, Inc. - Class A | 382 | $ | 56,876 | |||||
Administrative and Support Services — 0.9% | ||||||||
Atlassian Corp. PLC - Class A (a) | 180 | 23,162 | ||||||
Baker Hughes Co. | 1,198 | 35,377 | ||||||
Booking Holdings, Inc. (a) | 48 | 96,733 | ||||||
PayPal Holdings, Inc. (a) | 1,372 | 97,714 | ||||||
252,986 | ||||||||
Apparel Manufacturing — 0.2% (c) | ||||||||
Lululemon Athletica, Inc. (a)(b) | 148 | 47,416 | ||||||
Beverage and Tobacco Product Manufacturing — 1.6% | ||||||||
Keurig Dr. Pepper, Inc. | 1,703 | 60,729 | ||||||
Monster Beverage Corp. (a) | 630 | 63,964 | ||||||
PepsiCo, Inc. | 1,658 | 299,534 | ||||||
424,227 | ||||||||
Broadcasting (except Internet) — 0.9% | ||||||||
Comcast Corp. - Class A | 5,194 | 181,634 | ||||||
Sirius XM Holdings, Inc. | 4,675 | 27,302 | ||||||
Warner Bros Discovery, Inc. (a) | 2,905 | 27,540 | ||||||
236,476 | ||||||||
Chemical Manufacturing — 2.5% | ||||||||
Amgen, Inc. | 642 | 168,615 | ||||||
AstraZeneca PLC - ADR (b) | 736 | 49,901 | ||||||
Biogen, Inc. (a) | 173 | 47,907 | ||||||
Gilead Sciences, Inc. | 1,508 | 129,462 | ||||||
Moderna, Inc. (a) | 462 | 82,984 | ||||||
Regeneron Pharmaceuticals (a) | 129 | 93,072 | ||||||
Seagen, Inc. (a) | 227 | 29,172 | ||||||
Vertex Pharmaceuticals, Inc. (a) | 310 | 89,522 | ||||||
690,635 | ||||||||
Clothing and Clothing Accessories Stores — 0.4% (c) | ||||||||
Charter Communications, Inc. - Class A (a) | 188 | 63,751 | ||||||
Ross Stores, Inc. | 419 | 48,633 | ||||||
112,384 | ||||||||
Computer and Electronic Product Manufacturing — 17.1% | ||||||||
Advanced Micro Devices, Inc. (a) | 1,936 | 125,395 | ||||||
Alphabet, Inc. - Class A (a) | 5,629 | 496,647 | ||||||
Alphabet, Inc. - Class C (a) | 5,631 | 499,639 | ||||||
Analog Devices, Inc. | 613 | 100,550 | ||||||
Apple, Inc. | 11,879 | 1,543,439 | ||||||
Broadcom, Inc. | 488 | 272,855 | ||||||
Cisco Systems, Inc. | 4,947 | 235,675 | ||||||
Enphase Energy, Inc. (a) | 166 | 43,983 | ||||||
Fortinet, Inc. (a) | 942 | 46,054 | ||||||
GLOBALFOUNDRIES, Inc. (a) | 655 | 35,298 | ||||||
IDEXX Laboratories, Inc. (a) | 101 | 41,204 | ||||||
Illumina, Inc. (a) | 191 | 38,620 | ||||||
Intel Corp. | 4,956 | 130,987 | ||||||
Lam Research Corp. | 165 | 69,350 | ||||||
Marvell Technology, Inc. | 1,028 | 38,077 | ||||||
Microchip Technology, Inc. | 663 | 46,576 | ||||||
Micron Technology, Inc. | 1,304 | 65,174 | ||||||
NVIDIA Corp. | 2,949 | 430,967 | ||||||
NXP Semiconductors (b) | 312 | 49,305 | ||||||
QUALCOMM, Inc. | 1,351 | 148,529 | ||||||
Texas Instruments, Inc. | 1,091 | 180,255 | ||||||
4,638,578 | ||||||||
Data Processing, Hosting and Related Services — 1.0% | ||||||||
Airbnb, Inc. - Class A (a) | 480 | 41,040 | ||||||
Automatic Data Processing, Inc. | 501 | 119,669 | ||||||
Fiserv, Inc. (a) | 765 | 77,319 | ||||||
Verisk Analytics, Inc. | 189 | 33,343 | ||||||
271,371 | ||||||||
Food Manufacturing — 0.6% | ||||||||
Mondelez International, Inc. - Class A | 1,645 | 109,639 | ||||||
The Kraft Heinz Co. | 1,475 | 60,048 | ||||||
169,687 | ||||||||
Food Services and Drinking Places — 0.7% | ||||||||
Cintas Corp. | 123 | 55,549 | ||||||
Starbucks Corp. | 1,383 | 137,194 | ||||||
192,743 | ||||||||
General Merchandise Stores — 1.0% | ||||||||
Costco Wholesale Corp. | 533 | 243,314 | ||||||
Dollar Tree, Inc. (a) | 268 | 37,906 | ||||||
281,220 | ||||||||
Health and Personal Care Stores — 0.1% | ||||||||
Walgreens Boots Alliance, Inc. | 1,041 | 38,892 | ||||||
Machinery Manufacturing — 0.8% | ||||||||
Applied Materials, Inc. | 1,035 | 100,788 | ||||||
ASML Holding - ADR (b) | 108 | 59,011 | ||||||
KLA Corp. | 171 | 64,472 | ||||||
224,271 | ||||||||
Management of Companies and Enterprises — 0.1% | ||||||||
Rivian Automotive, Inc. Class A (a) | 1,098 | 20,236 | ||||||
Merchant Wholesalers, Durable Goods — 0.2% | ||||||||
Copart, Inc. (a) | 575 | 35,012 | ||||||
Fastenal Co. | 689 | 32,603 | ||||||
67,615 | ||||||||
Miscellaneous Manufacturing — 0.7% | ||||||||
Align Technology, Inc. (a) | 96 | 20,246 | ||||||
Dexcom, Inc. (a) | 466 | 52,770 | ||||||
Intuitive Surgical, Inc. (a) | 427 | 113,305 | ||||||
186,321 | ||||||||
Motor Vehicle and Parts Dealers — 0.2% | ||||||||
O'Reilly Automotive, Inc. (a) | 76 | 64,146 | ||||||
Nonstore Retailers — 3.5% | ||||||||
Amazon.com, Inc. (a) | 9,444 | 793,296 | ||||||
eBay, Inc. | 654 | 27,121 | ||||||
JD.com, Inc. - ADR (b) | 588 | 33,005 | ||||||
MercadoLibre, Inc. (a)(b) | 61 | 51,621 | ||||||
Pinduoduo, Inc. - ADR (a)(b) | 568 | 46,320 | ||||||
951,363 | ||||||||
Other Information Services — 1.3% | ||||||||
CoStar Group, Inc. (a) | 489 | 37,790 | ||||||
Meta Platforms, Inc. - Class A (a) | 2,699 | 324,798 | ||||||
362,588 | ||||||||
Professional, Scientific, and Technical Services — 0.7% | ||||||||
Cognizant Technology Solutions - Class A | 620 | 35,458 | ||||||
Palo Alto Networks, Inc. (a) | 363 | 50,653 | ||||||
Paychex, Inc. | 435 | 50,269 | ||||||
Workday, Inc. - Class A (a) | 244 | 40,828 | ||||||
Zscaler, Inc. (a) | 174 | 19,471 | ||||||
196,679 | ||||||||
Publishing Industries (except Internet) — 8.6% | ||||||||
Activision Blizzard, Inc. | 942 | 72,110 | ||||||
Adobe Systems, Inc. (a) | 560 | 188,457 | ||||||
ANSYS, Inc. (a) | 107 | 25,850 | ||||||
Autodesk, Inc. (a) | 260 | 48,586 | ||||||
Cadence Design Systems, Inc. (a) | 332 | 53,332 | ||||||
Crowdstrike Holdings, Inc. - Class A (a) | 264 | 27,797 | ||||||
Datadog, Inc. - Class A (a) | 353 | 25,946 | ||||||
Electronic Arts, Inc. | 334 | 40,808 | ||||||
Intuit, Inc. | 339 | 131,946 | ||||||
Microsoft Corp. | 6,888 | 1,651,880 | ||||||
Synopsys, Inc. (a) | 184 | 58,749 | ||||||
2,325,461 | ||||||||
Rail Transportation — 0.3% | ||||||||
CSX Corp. | 2,525 | 78,225 | ||||||
Rental and Leasing Services — 0.6% | ||||||||
Netflix, Inc. (a) | 538 | 158,645 | ||||||
Securities, Commodity Contracts, and Other Financial Investments and Related Activities — 0.1% | ||||||||
Lucid Group, Inc.(a) | 2,020 | 13,797 | ||||||
Support Activities for Mining — 0.1% | ||||||||
Diamondback Energy, Inc. | 213 | 29,134 | ||||||
Telecommunications — 0.8% | ||||||||
T-Mobile U.S., Inc. (a) | 1,496 | 209,440 | ||||||
Zoom Video Communications, Inc. - Class A (a) | 296 | 20,051 | ||||||
229,491 | ||||||||
Transportation Equipment Manufacturing — 2.1% | ||||||||
Honeywell International, Inc. (a) | 809 | 173,369 | ||||||
PACCAR, Inc. | 419 | 41,469 | ||||||
Tesla, Inc. (a) | 2,919 | 359,562 | ||||||
574,400 | ||||||||
Truck Transportation — 0.1% | ||||||||
Old Dominion Freight Line, Inc. | 133 | 37,743 | ||||||
Utilities — 0.7% | ||||||||
American Electric Power Co., Inc. | 625 | 59,344 | ||||||
Constellation Energy Corp. | 396 | 34,139 | ||||||
Exelon Corp. | 1,198 | 51,789 | ||||||
Xcel Energy, Inc. | 660 | 46,273 | ||||||
191,545 | ||||||||
TOTAL COMMON STOCKS (Cost $14,090,924) | 13,125,151 | |||||||
Principal Amounts | Value | |||||||
U.S. GOVERNMENT OBLIGATIONS — 51.3% | ||||||||
U.S. Treasury Notes — 51.3% | ||||||||
0.125%, 07/15/2023 | 1,435,000 | $ | 1,400,170 | |||||
0.125%, 07/31/2023 | 1,435,000 | 1,397,259 | ||||||
0.125%, 08/15/2023 | 1,435,000 | 1,395,299 | ||||||
0.125%, 08/31/2023 | 1,435,000 | 1,391,714 | ||||||
0.125%, 10/15/2023 | 1,435,000 | 1,384,435 | ||||||
0.375%, 10/31/2023 | 1,435,000 | 1,383,878 | ||||||
2.875%, 10/31/2023 | 1,435,000 | 1,413,588 | ||||||
0.250%, 11/15/2023 | 1,435,000 | 1,379,900 | ||||||
2.125%, 11/30/2023 | 1,435,000 | 1,401,541 | ||||||
0.750%, 12/31/2023 | 1,435,000 | 1,379,481 | ||||||
TOTAL U.S. TREASURY NOTES (Cost $13,930,988) | 13,927,265 | |||||||
Total Investments — (Cost $28,021,912) - 99.7% | 27,052,416 | |||||||
Other assets and liabilities, net — 0.3% | 72,009 | |||||||
TOTAL NET ASSETS — 100.0% | $ | 27,124,425 |
ADR | American Depositary Receipt | ||||||||
PLC | Public Limited Company | ||||||||
(a) | Non-income producing security. | ||||||||
(b) | Foreign issued security. | ||||||||
Percentages are stated as a percent of net assets. |
Fair Value Measurements | |||||||||
Various inputs are used in determining the value of the Fund's investments. These inputs are summarized in three broad levels. | |||||||||
Level 1 includes quoted prices in active markets for identical securities. Level 2 includes other significant observable inputs | |||||||||
(including quoted prices for similar securities, interest rates, prepayment speeds and credit risk). Level 3 includes significant | |||||||||
unobservable inputs (including the Fund's own assumptions in determining the fair value of investments). The level assigned to the | |||||||||
securities valuations may not be an indication of the risk or liquidity associated with investing in those securities. | |||||||||
The Fund did not hold any investments during the period with significant unobservable inputs which would be classified as Level 3. | |||||||||
The following is a summary of the inputs used to value the Fund’s investments carried at fair value as of December 31, 2022: |
Level 1 | Level 2 | Level 3 | Total | |||||||||||||
Investments - Assets: | ||||||||||||||||
Common Stocks* | $ | 13,125,151 | $ | - | $ | - | $ | 13,125,151 | ||||||||
U.S. Treasury Notes | - | 13,927,265 | - | 13,927,265 | ||||||||||||
Total Investments - Assets | $ | 13,125,151 | $ | 13,927,265 | $ | - | $ | 27,052,416 | ||||||||
* See the Schedule of Investments for industry classifications. |