TrueShares Low Volatility Equity Income ETF | ||||||||
Schedule of Investments | ||||||||
September 30, 2023 (Unaudited) | ||||||||
Shares | Value | |||||||
COMMON STOCKS - 95.3% | ||||||||
Aerospace & Defense - 3.7% | ||||||||
Lockheed Martin Corp. | 5,532 | $ | 2,262,367 | |||||
Agriculture - 10.7% | ||||||||
Altria Group, Inc. | 28,203 | 1,185,936 | ||||||
British American Tobacco PLC - ADR (a) | 90,098 | 2,829,978 | ||||||
Philip Morris International, Inc. | 27,845 | 2,577,890 | ||||||
6,593,804 | ||||||||
Banks - 2.9% | ||||||||
Morgan Stanley | 22,011 | 1,797,638 | ||||||
Building Materials - 3.2% | ||||||||
CRH PLC (a) | 35,419 | 1,938,482 | ||||||
Cosmetics and Personal Care - 3.4% | ||||||||
Kenvue, Inc. | 104,677 | 2,101,914 | ||||||
Electric - 12.2% | ||||||||
American Electric Power Co., Inc. | 36,604 | 2,753,353 | ||||||
FirstEnergy Corp. | 68,590 | 2,344,406 | ||||||
WEC Energy Group, Inc. | 29,938 | 2,411,506 | ||||||
7,509,265 | ||||||||
Food - 2.1% | ||||||||
The Kroger Co. | 28,086 | 1,256,849 | ||||||
Healthcare Products - 2.8% | ||||||||
Medtronic PLC (a) | 21,620 | 1,694,143 | ||||||
Healthcare Services - 5.3% | ||||||||
UnitedHealth Group, Inc. | 6,507 | 3,280,764 | ||||||
Oil & Gas - 15.2% | ||||||||
Chevron Corp. | 16,202 | 2,731,981 | ||||||
Coterra Energy, Inc. | 66,948 | 1,810,943 | ||||||
Devon Energy Corp. | 36,899 | 1,760,082 | ||||||
Exxon Mobil Corp. | 25,884 | 3,043,441 | ||||||
9,346,447 | ||||||||
Pharmaceuticals - 5.4% | ||||||||
AbbVie, Inc. | 12,231 | 1,823,153 | ||||||
Johnson & Johnson | 9,709 | 1,512,177 | ||||||
3,335,330 | ||||||||
Pipelines - 3.6% | ||||||||
Kinder Morgan, Inc. | 132,384 | 2,194,927 | ||||||
Retail - 2.8% | ||||||||
Genuine Parts Co. | 12,075 | 1,743,389 | ||||||
Savings & Loans - 3.3% | ||||||||
New York Community Bancorp, Inc. | 177,821 | 2,016,490 | ||||||
Semiconductors - 9.4% | ||||||||
Analog Devices, Inc. | 10,375 | 1,816,559 | ||||||
Broadcom, Inc. | 2,231 | 1,853,024 | ||||||
QUALCOMM, Inc. | 18,845 | 2,092,925 | ||||||
5,762,508 | ||||||||
Telecommunications - 9.3% | ||||||||
AT&T, Inc. | 195,838 | 2,941,486 | ||||||
Verizon Communications, Inc. | 86,199 | 2,793,710 | ||||||
5,735,196 | ||||||||
TOTAL COMMON STOCKS (Cost $59,978,464) | 58,569,513 | |||||||
MONEY MARKET FUNDS - 4.5% | ||||||||
First American Treasury Obligations Fund - Class X, 5.26% (b) | 2,746,794 | 2,746,794 | ||||||
TOTAL MONEY MARKET FUNDS (Cost $2,746,794) | 2,746,794 | |||||||
TOTAL INVESTMENTS (Cost $62,725,258) - 99.8% | 61,316,307 | |||||||
Other assets and liabilities, net - 0.2% | 133,326 | |||||||
TOTAL NET ASSETS - 100.0% | $ | 61,449,633 |
Percentages are stated as a percent of net assets. |
ADR | American Depositary Receipt | |||||
PLC | Public Limited Company | |||||
(a) | Foreign issued security. | |||||
(b) | The rate shown is the seven day yield at period end. |
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 September 30, 2023: |
Level 1 | Level 2 | Level 3 | Total | |||||||||||||
Investments - Assets: | ||||||||||||||||
Common Stocks* | $ | 58,569,513 | $ | - | $ | - | $ | 58,569,513 | ||||||||
Money Market Funds | 2,746,794 | - | - | 2,746,794 | ||||||||||||
Total Investments - Assets | $ | 61,316,307 | $ | - | $ | - | $ | 61,316,307 | ||||||||
*See Schedule of Investments for industry classifications. |