Dividend Performers ETF |
Schedule of Investments |
as of December 31, 2023 (Unaudited) |
COMMON STOCKS - 99.4% | Shares | Value | ||||
Building Materials - 4.2% | ||||||
Apogee Enterprises, Inc. | 8,096 | $ | 432,407 | |||
Trane Technologies PLC (a) | 1,644 | 400,972 | ||||
833,379 | ||||||
Chemicals - 2.2% | ||||||
Sherwin-Williams Co. (e) | 1,383 | 431,358 | ||||
Commercial Services - 7.9% | ||||||
ABM Industries, Inc. (e) | 9,029 | 404,770 | ||||
Automatic Data Processing, Inc. | 1,619 | 377,178 | ||||
Cintas Corp. (e) | 673 | 405,590 | ||||
Insperity, Inc. | 3,358 | 393,625 | ||||
1,581,163 | ||||||
Computers - 3.9% | ||||||
Accenture PLC - Class A (a)(e) | 1,138 | 399,336 | ||||
Apple, Inc. | 1,963 | 377,936 | ||||
777,272 | ||||||
Distribution/Wholesale - 3.9% | ||||||
Fastenal Co. (e) | 6,138 | 397,558 | ||||
WW Grainger, Inc. (e) | 468 | 387,827 | ||||
785,385 | ||||||
Diversified Financial Services - 2.0% | ||||||
SEI Investments Co. | 6,386 | 405,830 | ||||
Electrical Components & Equipment - 2.0% | ||||||
Eaton Corp. PLC (a)(e) | 1,642 | 395,426 | ||||
Electronics - 4.1% | ||||||
Amphenol Corp. - Class A | 4,158 | 412,183 | ||||
Brady Corp. - Class A | 6,970 | 409,069 | ||||
821,252 | ||||||
Hand/Machine Tools - 2.0% | ||||||
Snap-on, Inc. (e) | 1,355 | 391,378 | ||||
Healthcare-Products - 6.2% | ||||||
Abbott Laboratories (e) | 3,683 | 405,388 | ||||
Agilent Technologies, Inc. | 3,261 | 453,377 | ||||
Stryker Corp. | 1,277 | 382,410 | ||||
1,241,175 | ||||||
Healthcare-Services - 7.2% | ||||||
Chemed Corp. | 635 | 371,316 | ||||
Elevance Health, Inc. | 803 | 378,663 | ||||
Humana, Inc. | 726 | 332,370 | ||||
UnitedHealth Group, Inc. (e) | 690 | 363,264 | ||||
1,445,613 | ||||||
Insurance - 9.7% | ||||||
Globe Life, Inc. | 3,171 | 385,974 | ||||
Hartford Financial Services Group, Inc. | 4,877 | 392,013 | ||||
Marsh & McLennan Cos., Inc. | 1,877 | 355,635 | ||||
Reinsurance Group of America, Inc. | 2,344 | 379,212 | ||||
Travelers Cos., Inc. | 2,173 | 413,936 | ||||
1,926,770 | ||||||
Machinery-Diversified - 8.2% | ||||||
Applied Industrial Technologies, Inc. (e) | 2,305 | 398,050 | ||||
Dover Corp. (e) | 2,707 | 416,364 | ||||
Rockwell Automation, Inc. | 1,365 | 423,806 | ||||
Watts Water Technologies, Inc. - Class A | 1,919 | 399,804 | ||||
1,638,024 | ||||||
Miscellaneous Manufacturing - 8.3% | ||||||
A O Smith Corp. | 4,922 | 405,770 | ||||
Donaldson Co., Inc. (e) | 6,221 | 406,542 | ||||
Hillenbrand, Inc. | 9,244 | 442,326 | ||||
ITT, Inc. | 3,438 | 410,222 | ||||
1,664,860 | ||||||
Pharmaceuticals - 7.6% | ||||||
Cardinal Health, Inc. | 3,604 | 363,283 | ||||
Cencora, Inc. (e) | 1,891 | 388,374 | ||||
Johnson & Johnson (e) | 2,508 | 393,104 | ||||
McKesson Corp. (e) | 826 | 382,421 | ||||
1,527,182 | ||||||
Retail - 4.0% | ||||||
Genuine Parts Co. (e) | 2,708 | 375,058 | ||||
Home Depot, Inc. | 1,215 | 421,058 | ||||
796,116 | ||||||
Semiconductors - 6.2% | ||||||
Broadcom, Inc. (e) | 388 | 433,105 | ||||
KLA Corp. | 686 | 398,772 | ||||
QUALCOMM, Inc. | 2,883 | 416,968 | ||||
1,248,845 | ||||||
Software - 1.9% | ||||||
Paychex, Inc. (e) | 3,196 | 380,676 | ||||
Telecommunications - 3.8% | ||||||
Cisco Systems, Inc. | 7,750 | 391,530 | ||||
Motorola Solutions, Inc. | 1,174 | 367,568 | ||||
759,098 | ||||||
Transportation - 4.1% | ||||||
CSX Corp. | 11,884 | 412,018 | ||||
United Parcel Service, Inc. - Class B | 2,534 | 398,421 | ||||
810,439 | ||||||
TOTAL COMMON STOCKS (Cost $16,781,306) | 19,861,241 | |||||
PURCHASED OPTIONS- 0.0% (b)(c) | Notional Amount | Contracts | Value | |||
Purchased Put Options - 0.0% (c) | $– | |||||
CBOE Mini S&P 500 Index | – | $– | ||||
Expiration: 01/05/2024; Exercise Price: $375(f) | 5,512,500 | 147 | 294 | |||
Expiration: 01/26/2024; Exercise Price: $395(f) | 5,648,500 | 143 | 1,573 | |||
Expiration: 02/02/2024; Exercise Price: $390(f) | 5,577,000 | 143 | 2,002 | |||
TOTAL PURCHASED OPTIONS (Cost $8,426) | 3,869 | |||||
SHORT-TERM INVESTMENTS - 0.2% | ||||||
Money Market Funds - 0.2% | Shares | |||||
First American Government Obligations Fund - Class X, 5.28% (d) | 45,108 | 45,108 | ||||
TOTAL SHORT-TERM INVESTMENTS (Cost $45,108) | 45,108 | |||||
TOTAL INVESTMENTS - 99.6% (Cost $16,834,840) | $ | 19,910,218 | ||||
Other Assets and Liabilities, net - 0.4% | 77,516 | |||||
TOTAL NET ASSETS - 100.0% | $ | 19,987,734 | ||||
Percentages are stated as a percent of net assets. |
PLC - Public Limited Company |
CBOE – Chicago Board Options Exchange |
(a) | Foreign issued security. |
(b) | Each contract has a multiplier of 100. |
(c) | Less than 0.05%. |
(d) | The rate shown represents the seven-day yield at period end. |
(e) | A portion or all of the security has been segregated or earmarked as collateral for written options. As of December 31, 2023, the value of these securities amounts to $6,086,558 or 30.5% of net assets. |
(f) | Held in connection with a written option, see Schedule of Written Options for more detail. |
Dividend Performers ETF | ||||||||||||
Schedule of Written Options | ||||||||||||
as of December 31, 2023 (Unaudited) | ||||||||||||
WRITTEN OPTIONS - (0.2)% (a) | Notional Amount | Contracts | Value | |||||||||
Written Put Options - (0.2)% | ||||||||||||
CBOE Mini S&P 500 Index | 0 | 0 | – | |||||||||
Expiration: 01/05/2024; Exercise Price: $440 | $ | (6,468,000 | ) | (147 | ) | $ | (441 | ) | ||||
Expiration: 01/26/2024; Exercise Price: $465 | (6,649,500 | ) | (143 | ) | (24,453 | ) | ||||||
Expiration: 02/02/2024; Exercise Price: $460 | (6,578,000 | ) | (143 | ) | (25,097 | ) | ||||||
TOTAL WRITTEN OPTIONS (Premiums received $87,727) | (49,991 | ) |
CBOE – Chicago Board Options Exchange | |
(a) | Each contract has a multiplier of 100. |
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, 2023: |
Level 1 | Level 2 | Level 3 | Total | |||||||||||||
Investments: | ||||||||||||||||
Common Stocks* | $ | 19,861,241 | $ | – | $ | – | $ | 19,861,241 | ||||||||
Options | – | 3,869 | – | 3,869 | ||||||||||||
Money Market Funds | 45,108 | – | – | 45,108 | ||||||||||||
Total Investments | $ | 19,906,349 | $ | 3,869 | $ | – | $ | 19,910,218 | ||||||||
Investments Sold Short: | ||||||||||||||||
Options | – | (49,991 | ) | – | (49,991 | ) | ||||||||||
Total Investments Sold Short | $ | – | $ | (49,991 | ) | $ | – | $ | (49,991 | ) | ||||||
*Refer to the Schedule of Investments for industry classifications. | ||||||||||||||||