STF Tactical Growth & Income ETF | |
Schedule of Investments |
June 30, 2023 (Unaudited) | |||||||
Shares | Value | ||||||
COMMON STOCKS — 51.1% | |||||||
Accommodation — 0.2% | |||||||
Marriott International, Inc. - Class A | 344 | $ | 63,189 | ||||
Administrative and Support Services — 0.9% | |||||||
Atlassian Corp. - Class A (a) | 151 | 25,339 | |||||
Baker Hughes Co. | 1,114 | 35,214 | |||||
Booking Holdings, Inc. (a) | 31 | 83,710 | |||||
JD.com, Inc. - ADR (b) | 526 | 17,952 | |||||
PayPal Holdings, Inc. (a) | 1,213 | 80,943 | |||||
PDD Holdings, Inc. - ADR (a)(b) | 697 | 48,191 | |||||
291,349 | |||||||
Apparel Manufacturing — 0.2% | |||||||
Lululemon Athletica, Inc. (a) | 130 | 49,205 | |||||
Beverage and Tobacco Product Manufacturing — 1.2% | |||||||
Keurig Dr. Pepper, Inc. | 1,563 | 48,875 | |||||
Monster Beverage Corp. (a) | 1,148 | 65,941 | |||||
PepsiCo, Inc. | 1,539 | 285,054 | |||||
399,870 | |||||||
Broadcasting (except Internet) — 0.8% | |||||||
Comcast Corp. - Class A | 4,682 | 194,537 | |||||
Sirius XM Holdings, Inc. | 4,249 | 19,248 | |||||
Warner Bros Discovery, Inc. (a) | 2,738 | 34,335 | |||||
248,120 | |||||||
Chemical Manufacturing — 1.9% | |||||||
Amgen, Inc. | 581 | 128,993 | |||||
AstraZeneca PLC - ADR (b) | 663 | 47,451 | |||||
Biogen, Inc. (a) | 147 | 41,873 | |||||
Gilead Sciences, Inc. | 1,383 | 106,588 | |||||
Moderna, Inc. (a) | 414 | 50,301 | |||||
Regeneron Pharmaceuticals (a) | 118 | 84,788 | |||||
Seagen, Inc. (a) | 195 | 37,530 | |||||
Vertex Pharmaceuticals, Inc. (a) | 289 | 101,702 | |||||
599,226 | |||||||
Clothing and Clothing Accessories Stores — 0.3% | |||||||
Charter Communications, Inc. - Class A (a) | 152 | 55,840 | |||||
Ross Stores, Inc. | 371 | 41,600 | |||||
97,440 | |||||||
Computer and Electronic Product Manufacturing — 20.2% | |||||||
Advanced Micro Devices, Inc. (a) | 1,791 | 204,013 | |||||
Alphabet, Inc. - Class A (a) | 5,131 | 620,697 | |||||
Alphabet, Inc. - Class C (a) | 5,214 | 624,116 | |||||
Analog Devices, Inc. | 545 | 106,171 | |||||
Apple, Inc. | 10,697 | 2,074,897 | |||||
Broadcom, Inc. | 458 | 397,283 | |||||
Cisco Systems, Inc. | 4,473 | 231,433 | |||||
Enphase Energy, Inc. (a) | 136 | 22,777 | |||||
Fortinet, Inc. (a) | 856 | 64,705 | |||||
GE HealthCare Technologies, Inc. | 987 | 80,184 | |||||
GLOBALFOUNDRIES, Inc. (a)(b) | 588 | 37,973 | |||||
IDEXX Laboratories, Inc. (a) | 82 | 41,183 | |||||
Illumina, Inc. (a) | 174 | 32,623 | |||||
Intel Corp. | 4,450 | 148,808 | |||||
Lam Research Corp. | 139 | 89,358 | |||||
Marvell Technology, Inc. | 984 | 58,823 | |||||
Microchip Technology, Inc. | 605 | 54,202 | |||||
Micron Technology, Inc. | 1,225 | 77,310 | |||||
NVIDIA Corp. | 2,642 | 1,117,619 | |||||
NXP Semiconductors (b) | 285 | 58,334 | |||||
ON Semiconductor Corp. (a) | 471 | 44,547 | |||||
QUALCOMM, Inc. | 1,170 | 139,277 | |||||
Texas Instruments, Inc. | 992 | 178,580 | |||||
6,504,913 | |||||||
Data Processing, Hosting and Related Services — 0.6% | |||||||
Airbnb, Inc. - Class A (a) | 438 | 56,134 | |||||
Automatic Data Processing, Inc. | 461 | 101,323 | |||||
Verisk Analytics, Inc. | 154 | 34,809 | |||||
192,266 | |||||||
Food Manufacturing — 0.5% | |||||||
The Kraft Heinz Co. | 1,371 | 48,671 | |||||
Mondelez International, Inc. - Class A | 1,549 | 112,984 | |||||
161,655 | |||||||
Food Services and Drinking Places — 0.5% | |||||||
Cintas Corp. | 96 | 47,720 | |||||
Starbucks Corp. | 1,274 | 126,202 | |||||
173,922 | |||||||
General Merchandise Stores — 0.9% | |||||||
Costco Wholesale Corp. | 481 | 258,961 | |||||
Dollar Tree, Inc. (a) | 245 | 35,157 | |||||
294,118 | |||||||
Health and Personal Care Stores — 0.1% | |||||||
Walgreens Boots Alliance, Inc. | 946 | 26,952 | |||||
Machinery Manufacturing — 0.8% | |||||||
Applied Materials, Inc. | 926 | 133,844 | |||||
ASML Holding ADR (b) | 87 | 63,053 | |||||
KLA Corp. | 143 | 69,358 | |||||
266,255 | |||||||
Merchant Wholesalers, Durable Goods — 0.3% | |||||||
Copart, Inc. (a) | 520 | 47,429 | |||||
Fastenal Co. | 631 | 37,223 | |||||
84,652 | |||||||
Miscellaneous Manufacturing — 0.6% | |||||||
Align Technology, Inc. (a) | 77 | 27,230 | |||||
Dexcom, Inc. (a) | 422 | 54,231 | |||||
Intuitive Surgical, Inc. (a) | 373 | 127,544 | |||||
209,005 | |||||||
Motor Vehicle and Parts Dealers — 0.2% | |||||||
O'Reilly Automotive, Inc. (a) | 65 | 62,095 | |||||
Nonstore Retailers — 3.8% | |||||||
Amazon.com, Inc. (a) | 8,620 | 1,123,703 | |||||
eBay, Inc. | 594 | 26,546 | |||||
MercadoLibre, Inc. (a) | 57 | 67,522 | |||||
1,217,771 | |||||||
Other Information Services — 2.3% | |||||||
CoStar Group, Inc. (a) | 434 | 38,626 | |||||
Meta Platforms, Inc. - Class A (a) | 2,433 | 698,222 | |||||
736,848 | |||||||
Professional, Scientific, and Technical Services — 0.7% | |||||||
Cognizant Technology Solutions - Class A | 551 | 35,969 | |||||
Palo Alto Networks, Inc. (a) | 320 | 81,763 | |||||
Paychex, Inc. | 402 | 44,972 | |||||
Workday, Inc. - Class A (a) | 230 | 51,955 | |||||
Zscaler, Inc. (a) | 143 | 20,921 | |||||
235,580 | |||||||
Publishing Industries (except Internet) — 9.1% | |||||||
Activision Blizzard, Inc. (a) | 838 | 70,643 | |||||
Adobe Systems, Inc. (a) | 488 | 238,627 | |||||
ANSYS, Inc. (a) | 83 | 27,412 | |||||
Autodesk, Inc. (a) | 239 | 48,902 | |||||
Cadence Design Systems, Inc. (a) | 292 | 68,480 | |||||
Crowdstrike Holdings, Inc. - Class A (a) | 234 | 34,368 | |||||
Datadog, Inc. - Class A (a) | 312 | 30,694 | |||||
Electronic Arts, Inc. | 298 | 38,651 | |||||
Intuit, Inc. | 308 | 141,123 | |||||
Microsoft Corp. | 6,330 | 2,155,618 | |||||
Synopsys, Inc. (a) | 149 | 64,876 | |||||
2,919,394 | |||||||
Rail Transportation — 0.2% | |||||||
CSX Corp. | 2,252 | 76,793 | |||||
Rental and Leasing Services — 0.6% | |||||||
Netflix, Inc. (a) | 471 | 207,471 | |||||
Securities, Commodity Contracts, and Other Financial Investments and Related Activities — 0.0% | |||||||
Lucid Group, Inc. (a) | 2,055 | 14,159 | |||||
Support Activities for Mining — 0.1% | |||||||
Diamondback Energy, Inc. | 197 | 25,878 | |||||
Telecommunications — 0.6% | |||||||
T-Mobile U.S., Inc. (a) | 1,337 | 185,709 | |||||
Zoom Video Communications, Inc. - Class A (a) | 261 | 17,717 | |||||
203,426 | |||||||
Transportation Equipment Manufacturing — 2.7% | |||||||
Honeywell International, Inc. | 723 | 150,022 | |||||
PACCAR, Inc. | 577 | 48,266 | |||||
Tesla, Inc. (a) | 2,587 | 677,199 | |||||
875,487 | |||||||
Truck Transportation — 0.1% | |||||||
Old Dominion Freight Line, Inc. | 119 | 44,000 | |||||
Utilities — 0.5% | |||||||
American Electric Power Co., Inc. | 570 | 47,994 | |||||
Constellation Energy Corp. | 354 | 32,409 | |||||
Exelon Corp. | 1,093 | 44,529 | |||||
Xcel Energy, Inc. | 597 | 37,115 | |||||
162,047 | |||||||
TOTAL COMMON STOCKS (Cost $13,498,705) | 16,443,086 | ||||||
Principal Amounts | |||||||
U.S. GOVERNMENT OBLIGATIONS — 47.6% | |||||||
U.S. Treasury Notes— 47.6% | |||||||
5.03%, 04/15/2024 (c) | 1,581,300 | $ | 1,520,268 | ||||
3.06%, 04/30/2024 (c) | 1,581,300 | 1,543,621 | |||||
3.28%, 04/30/2024 (c) | 1,581,300 | 1,540,532 | |||||
3.43%, 04/30/2024 (c) | 1,581,300 | 1,537,444 | |||||
2.97%, 05/15/2024 (c) | 1,581,300 | 1,541,709 | |||||
5.21%, 05/15/2024 (c) | 1,581,300 | 1,512,120 | |||||
2.98%, 05/31/2024 (c) | 1,581,300 | 1,540,168 | |||||
3.50%, 05/31/2024 (c) | 1,581,300 | 1,532,940 | |||||
5.26%, 06/15/2024 (c) | 1,581,300 | 1,505,702 | |||||
2.49%, 06/30/2024 (c) | 1,581,300 | 1,544,065 | |||||
TOTAL U.S. TREASURY NOTES (Cost $15,345,805) | 15,318,568 | ||||||
Total Investments (Cost $28,844,510) — 98.7% | 31,761,654 | ||||||
Other assets and liabilities, net — 1.3% | 413,167 | ||||||
TOTAL NET ASSETS — 100.0% | $ | 32,174,821 | |||||
ADR American Depositary Receipt | |||||||
PLC Public Limited Company | |||||||
(a) Non-income producing security. | |||||||
(b) Foreign issued security. | |||||||
(c) The rate shown is the effective yield as of June 30, 2023. | |||||||
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 June 30, 2023: |
Level 1 | Level 2 | Level 3 | Total | |||||||||||||
Investments - Assets: | ||||||||||||||||
Common Stocks* | $ | 16,443,086 | $ | - | $ | - | $ | 16,443,086 | ||||||||
U.S. Treasury Notes | - | 15,318,568 | - | 15,318,568 | ||||||||||||
Total Investments - Assets | $ | 16,443,086 | $ | 15,318,568 | $ | - | $ | 31,761,654 | ||||||||
* See the Schedule of Investments for industry classifications. |