Roundhill IO Digital Infrastructure ETF | ||||||||
Schedule of Investments | ||||||||
September 30, 2023 (Unaudited) | ||||||||
Shares | Value | |||||||
COMMON STOCKS — 71.8% | ||||||||
Computers — 0.7% | ||||||||
Chief Telecom, Inc. (b) | 749 | $ | 8,214 | |||||
Engineering & Construction — 4.7% | ||||||||
Cellnex Telecom SA (b)(c) | 229 | 7,994 | ||||||
China Tower Corp., Ltd. (b)(c) | 242,000 | 23,175 | ||||||
IHS Holding, Ltd. (a)(b) | 1,425 | 7,909 | ||||||
Infrastrutture Wireless Italiane SpA (b)(c) | 682 | 8,134 | ||||||
Sarana Menara Nusantara Tbk PT (b) | 124,300 | 7,721 | ||||||
54,933 | ||||||||
Internet — 3.1% | ||||||||
Cogent Communications Holdings, Inc. | 435 | 26,927 | ||||||
Vnet Group, Inc. - ADR (a)(b)(f) | 2,717 | 8,504 | ||||||
35,431 | ||||||||
Media — 34.0% (e) | ||||||||
Altice USA, Inc. - Class A (a) | 11,358 | 37,141 | ||||||
Cable One, Inc. | 85 | 52,329 | ||||||
Charter Communications, Inc. - Class A (a)(f) | 153 | 67,292 | ||||||
Cogeco Communications, Inc. (b) | 180 | 8,370 | ||||||
Comcast Corp. - Class A | 1,694 | 75,112 | ||||||
Liberty Global PLC - Class A (a)(b) | 481 | 8,235 | ||||||
Liberty Latin America, Ltd. - Class C (a)(b) | 4,320 | 35,251 | ||||||
NOS SGPS SA (b) | 2,269 | 8,365 | ||||||
Quebecor, Inc. - Class B (b) | 3,797 | 81,753 | ||||||
WideOpenWest, Inc. (a) | 3,076 | 23,531 | ||||||
397,379 | ||||||||
Telecommunications — 29.3% (e) | ||||||||
Aussie Broadband, Ltd. (a)(b) | 32,495 | 86,196 | ||||||
Chindata Group Holdings, Ltd. - ADR (a)(b)(f) | 1,019 | 8,458 | ||||||
Chorus, Ltd. (b) | 1,871 | 8,527 | ||||||
Consolidated Communications Holdings, Inc. (a) | 2,408 | 8,235 | ||||||
DigitalBridge Group, Inc. (f) | 1,712 | 30,097 | ||||||
Frontier Communications Parent, Inc. (a) | 2,374 | 37,153 | ||||||
GDS Holdings, Ltd. - ADR (a)(b)(f) | 752 | 8,234 | ||||||
Gogo, Inc. (a) | 2,464 | 29,396 | ||||||
HKBN, Ltd. (b) | 17,000 | 6,924 | ||||||
Lumen Technologies, Inc. (a)(f) | 24,795 | 35,209 | ||||||
Millicom International Cellular SA (a)(b) | 548 | 8,467 | ||||||
NetLink NBN Trust (b) | 13,452 | 8,279 | ||||||
Shenandoah Telecommunications Co. | 1,126 | 23,207 | ||||||
Telekom Malaysia Berhad (b) | 42,219 | 44,060 | ||||||
342,442 | ||||||||
TOTAL COMMON STOCKS (Cost $1,229,259) | 838,399 | |||||||
REAL ESTATE INVESTMENT TRUSTS — 27.8% (e) | ||||||||
American Tower Corp. | 389 | 63,971 | ||||||
Crown Castle International Corp. | 473 | 43,530 | ||||||
Digital Realty Trust, Inc. | 226 | 27,351 | ||||||
Equinix, Inc. | 106 | 76,984 | ||||||
Jasmine Broadband Internet Infrastructure Fund (b) | 44,273 | 8,207 | ||||||
Keppel DC REIT (b) | 5,307 | 8,087 | ||||||
SBA Communications Corp. | 189 | 37,832 | ||||||
Uniti Group, Inc. (f) | 12,302 | 58,065 | ||||||
TOTAL REAL ESTATE INVESTMENT TRUSTS (Cost $398,162) | 324,027 | |||||||
SHORT-TERM INVESTMENTS - 0.5% | ||||||||
Money Market Fund — 0.5% | ||||||||
First American Government Obligations Fund, Class X, 5.26% (d) | 5,991 | 5,991 | ||||||
TOTAL SHORT-TERM INVESTMENTS (Cost $5,991) | 5,991 | |||||||
INVESTMENTS PURCHASED WITH PROCEEDS FROM SECURITIES LENDING - 17.9% | ||||||||
Mount Vernon Liquid Assets Portfolio, LLC, 5.50% (d) | 209,173 | 209,173 | ||||||
TOTAL INVESTMENTS PURCHASED WITH PROCEEDS FROM SECURITIES LENDING (Cost $209,173) | 209,173 | |||||||
TOTAL INVESTMENTS (Cost $1,842,585) — 118.0% | 1,377,590 | |||||||
Other assets and liabilities, net — (18.0)% | (209,876 | ) | ||||||
NET ASSETS — 100.0% | $ | 1,167,714 |
ADR | American Depositary Receipt | ||||||||
PLC | Public Limited Company | ||||||||
(a) | Non-income producing security. | ||||||||
(b) | Foreign issued security, or represents a foreign issued security. | ||||||||
(c) | Security exempt from registration pursuant to Rule 144a under the Securities Act of 1933, as amended. These securities may be resold in transactions exempt from registration to qualified institutional investors. | ||||||||
(d) | The rate shown is the seven day yield at period end. | ||||||||
(e) | To the extent the Fund invests more heavily in particular sectors of the economy, its performance will be especially sensitive to developments that significantly affect those sectors. | ||||||||
(f) | All or a portion of this security is on loan as of September 30, 2023. The market value of securities out on loan is $203,701. | ||||||||
Percentages are stated as a percent of net assets. | |||||||||
COUNTRY | Percentage of Net Assets | ||||||||
United States | 36.8% | ||||||||
Canada | 7.7% | ||||||||
Australia | 7.4% | ||||||||
Malaysia | 3.8% | ||||||||
Cayman Islands | 3.4% | ||||||||
Bermuda | 3.0% | ||||||||
China | 2.0% | ||||||||
Singapore | 1.4% | ||||||||
New Zealand | 0.7% | ||||||||
Luxembourg | 0.7% | ||||||||
Portugal | 0.7% | ||||||||
United Kingdom | 0.7% | ||||||||
Taiwan | 0.7% | ||||||||
Thailand | 0.7% | ||||||||
Italy | 0.7% | ||||||||
Spain | 0.7% | ||||||||
Indonesia | 0.7% | ||||||||
Total Country | 71.8% | ||||||||
REAL ESTATE INVESTMENT TRUSTS | 27.8% | ||||||||
SHORT-TERM INVESTMENTS | 0.5% | ||||||||
INVESTMENTS PURCHASED WITH PROCEEDS FROM SECURITIES LENDING | 17.9% | ||||||||
TOTAL INVESTMENTS | 118.0% | ||||||||
Other assets and liabilities, net | -18.0% | ||||||||
NET ASSETS | 100.0% |
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* | $ | 838,399 | $ | - | $ | - | $ | 838,399 | ||||||||
Real Estate Investment Trusts | 324,027 | - | - | 324,027 | ||||||||||||
Money Market Fund | 5,991 | - | - | 5,991 | ||||||||||||
Investments Purchased With Proceeds From Securities Lending** | - | - | - | 209,173 | ||||||||||||
Total Investments - Assets | $ | 1,168,417 | $ | - | $ | - | $ | 1,377,590 |
* See the Schedule of Investments for industry classifications. | |||||||
** Certain investments that are measured at fair value using the net asset value per share (or its equivalent) practical expedient have not been categorized in the fair value hierarchy. The fair value amounts presented in the table are intended to permit reconciliation of the fair value hierarchy to the amounts presented in the Schedule of Investments. | |||||||