| Wahed Dow Jones Islamic World ETF |
| Schedule of Investments |
| February 29, 2024 (Unaudited) |
| Shares | Value | ||||||
| COMMON STOCKS - 99.2% (a) | |||||||
| Aerospace and Defense - 0.9% | |||||||
Safran SA | 3,453 | $ | 723,789 | ||||
| Apparel and Textile Products - 3.0% | |||||||
| adidas AG | 1,684 | 340,995 | |||||
| Compagnie Financière Richemont SA | 5,181 | 827,265 | |||||
| Hermès International SCA | 335 | 838,506 | |||||
| Kering SA | 696 | 320,136 | |||||
| 2,326,902 | |||||||
| Automotive - 1.6% | |||||||
| BYD Co. Ltd. - Class H | 9,514 | 234,909 | |||||
| Denso Corp. | 19,970 | 367,458 | |||||
| Ferrari NV | 1,248 | 526,567 | |||||
| Samsung SDI Co. Ltd. | 516 | 146,089 | |||||
| 1,275,023 | |||||||
| Biotechnology and Pharmaceuticals - 17.0% | |||||||
| Argenx SE - ADR (b) | 569 | 216,226 | |||||
| Astellas Pharma, Inc. | 18,090 | 199,610 | |||||
| AstraZeneca PLC | 10,190 | 1,286,785 | |||||
| CSL Ltd. | 4,868 | 907,326 | |||||
| Daiichi Sankyo Co. Ltd. | 19,564 | 650,173 | |||||
| Genmab A/S (b) | 617 | 172,874 | |||||
| GSK PLC | 40,876 | 860,694 | |||||
| Novartis AG | 20,586 | 2,092,148 | |||||
| Novo Nordisk A/S - Class B | 32,368 | 3,851,756 | |||||
| Roche Holding AG - Non-Voting Share | 7,073 | 1,863,134 | |||||
| Roche Holding AG - Voting Share | 268 | 74,689 | |||||
| Sanofi | 11,203 | 1,065,515 | |||||
| 13,240,930 | |||||||
| Chemicals - 2.9% | |||||||
| Air Liquide SA | 5,257 | 1,068,933 | |||||
| Givaudan SA | 75 | 315,740 | |||||
| Shin-Etsu Chemical Co. Ltd. | 20,337 | 867,859 | |||||
| 2,252,532 | |||||||
| Commercial Support Services - 2.9% | |||||||
| Compass Group PLC | 42,314 | 1,161,487 | |||||
| Recruit Holdings Co. Ltd. | 16,896 | 682,297 | |||||
| Waste Connections, Inc. | 2,586 | 430,546 | |||||
| 2,274,330 | |||||||
| Construction Materials - 1.3% | |||||||
| CRH PLC | 7,000 | 582,101 | |||||
| Sika AG | 1,521 | 441,333 | |||||
| 1,023,434 | |||||||
| E-Commerce Discretionary - 2.3% | |||||||
| JD.com, Inc. - ADR | 41,612 | 941,263 | |||||
| PDD Holdings, Inc. - ADR (b) | 6,812 | 848,366 | |||||
| 1,789,629 | |||||||
| Electrical Equipment - 4.2% | |||||||
| ABB Ltd. | 16,183 | 748,364 | |||||
| Assa Abloy AB - Class B | 9,992 | 285,253 | |||||
Daikin Industries Ltd. | 2,928 | 414,247 | |||||
| Legrand SA | 2,693 | 272,479 | |||||
Mitsubishi Electric Corp. | 21,818 | 347,161 | |||||
| Schneider Electric SE | 5,381 | 1,221,671 | |||||
| 3,289,175 | |||||||
| Food - 2.1% | |||||||
| Nestle SA | 15,926 | 1,659,610 | |||||
| Health Care Facilities and Services - 0.5% | |||||||
| Lonza Group AG | 744 | 390,356 | |||||
| Household Products - 4.2% | |||||||
| L'Oréal SA | 2,306 | 1,102,230 | |||||
| Reckitt Benckiser Group PLC | 7,443 | 470,560 | |||||
| Unilever PLC | 34,188 | 1,672,100 | |||||
| 3,244,890 | |||||||
| Internet, Media and Services - 4.1% | |||||||
| Meituan - Class B (b)(c) | 43,752 | 445,970 | |||||
| NAVER Corp. | 3,104 | 454,551 | |||||
| Prosus NV | 15,226 | 444,707 | |||||
| Tencent Holdings Ltd. | 50,804 | 1,798,854 | |||||
| 3,144,082 | |||||||
| Machinery - 2.9% | |||||||
| Atlas Copco AB - Class A | 25,817 | 448,478 | |||||
| Atlas Copco AB - Class B | 15,679 | 234,637 | |||||
| FANUC Corp. | 9,552 | 279,023 | |||||
| Keyence Corp. | 1,975 | 924,227 | |||||
| SMC Corp. | 603 | 363,202 | |||||
| 2,249,567 | |||||||
| Medical Equipment and Devices - 2.3% | |||||||
| Alcon, Inc. | 5,005 | 427,319 | |||||
| EssilorLuxottica SA | 2,852 | 605,405 | |||||
| Hoya Corp. | 3,490 | 454,351 | |||||
| Terumo Corp. | 7,440 | 290,104 | |||||
| 1,777,179 | |||||||
| Metals and Mining - 5.5% | |||||||
| Anglo American PLC | 12,767 | 274,703 | |||||
| Barrick Gold Corp. | 17,430 | 254,315 | |||||
| BHP Group Ltd. | 50,480 | 1,443,986 | |||||
| Fortescue Ltd. | 15,919 | 268,782 | |||||
| Franco-Nevada Corp. | 1,909 | 199,985 | |||||
| Rio Tinto Ltd. | 5,128 | 413,315 | |||||
| Rio Tinto PLC | 14,953 | 960,677 | |||||
| Vale SA - ADR | 34,736 | 465,810 | |||||
| 4,281,573 | |||||||
| Oil and Gas Producers - 2.5% | |||||||
| Canadian Natural Resources Ltd. | 10,930 | 761,840 | |||||
| Cenovus Energy, Inc. | 13,349 | 232,760 | |||||
| Lukoil PJSC - ADR (b)(d)(e) | 3,928 | – | |||||
| Lukoil PJSC - GDR (b)(d)(e) | 224 | – | |||||
| Suncor Energy, Inc. | 13,175 | 452,944 | |||||
| Woodside Energy Group | 26,264 | 519,212 | |||||
| 1,966,756 | |||||||
| Renewable Energy - 0.4% | |||||||
| Vestas Wind Systems A/S (b) | 10,068 | 280,541 | |||||
| Retail - Discretionary - 2.0% | |||||||
| Fast Retailing Co. Ltd. | 1,954 | 564,776 | |||||
| Industria de Diseño Textil SA | 11,284 | 500,770 | |||||
| Wesfarmers Ltd. | 11,370 | 493,376 | |||||
| 1,558,922 | |||||||
| Semiconductors - 18.2% | |||||||
| ASML Holding NV | 4,051 | 3,816,074 | |||||
| Infineon Technologies AG | 85,720 | 3,069,943 | |||||
| STMicroelectronics NV | 6,591 | 297,707 | |||||
| Taiwan Semiconductor Manufacturing Co. Ltd. - ADR | 45,249 | 5,822,189 | |||||
| Tokyo Electron Ltd. | 4,699 | 1,157,561 | |||||
| 14,163,474 | |||||||
| Software - 7.7% | |||||||
| Constellation Software, Inc. | 297 | 487,498 | |||||
| Dassault Systemes SE | 6,800 | 317,781 | |||||
| SAP SE | 10,278 | 1,922,822 | |||||
| Shopify, Inc. - Class A (b) | 42,904 | 3,279,917 | |||||
| 6,008,018 | |||||||
| Technology Hardware - 4.8% | |||||||
| Murata Manufacturing Co. Ltd. | 18,723 | 378,163 | |||||
| NIDEC CORP. | 5,242 | 198,970 | |||||
| Samsung Electronics Co. Ltd. | 52,687 | 2,904,195 | |||||
| Xiaomi Corp. - Class B (b)(c) | 150,492 | 254,126 | |||||
| 3,735,454 | |||||||
| Technology Services - 3.6% | |||||||
| Adyen NV (b)(c) | 300 | 473,980 | |||||
| Amadeus IT Group SA | 4,525 | 266,283 | |||||
| Capgemini SE | 1,569 | 381,515 | |||||
| Experian PLC | 9,194 | 393,671 | |||||
| RELX PLC | 19,395 | 849,106 | |||||
| Wolters Kluwer NV | 2,564 | 404,678 | |||||
| 2,769,233 | |||||||
| Transportation and Logistics - 2.3% | |||||||
| Canadian National Railway Co. | 5,712 | 741,063 | |||||
| Canadian Pacific Kansas City Ltd. | 9,152 | 777,517 | |||||
| DSV AS | 1,781 | 285,961 | |||||
| 1,804,541 | |||||||
| TOTAL COMMON STOCKS (Cost $72,349,217) | 77,229,940 | ||||||
| WARRANTS - 0.0% (f) | |||||||
| Constellation Software, Inc., Expiration: March 2040, Exercise Price: TBD (b)(d)(e)(g)(h) | 122 | - | |||||
| TOTAL WARRANTS (Cost $0) | - | ||||||
| TOTAL INVESTMENTS (Cost $72,349,217) — 99.2% | 77,229,940 | ||||||
| Other assets and liabilities, net — 0.8% | 626,235 | ||||||
| NET ASSETS — 100.0% | $ | 77,856,175 | |||||
| Percentages are stated as a percent of net assets. | |||||||||
| ADR | American Depositary Receipt | ||||||||
| GDR | Global Depositary Receipt | ||||||||
| PLC | Public Limited Company | ||||||||
| (a) | Foreign issued security. | ||||||||
| (b) | Non-income producing 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) | Value determined based on estimated fair value. The value of this security totals $0, which represents 0.00% of total net assets. Classified as Level 3 in the fair value hierarchy. | ||||||||
| (e) | Security has been deemed illiquid according to the Fund's liquidity guidelines. The value of these securities total $0, which represents 0.00% of total net assets. | ||||||||
| (f) | Amount is less than 0.05%. | ||||||||
| (g) | Expiration is the earlier of March 2040 or the first date on which all the outstanding Series 1 Debentures have matured or have otherwise been repurchased, redeemed or cancelled. | ||||||||
| (h) | Each warrant will, upon exercise, entitle the holder to receive $100 CAD principal of Series 2 Debentures for each $100 principal amount of Series 1 Debentures tendered for repurchase by the company. | ||||||||
| COUNTRY | Percentage of Net Assets | ||||||||
| Switzerland | 11.4% | ||||||||
| Japan | 10.4% | ||||||||
| United Kingdom | 10.2% | ||||||||
| France | 10.2% | ||||||||
| Canada | 9.8% | ||||||||
| Netherlands | 7.9% | ||||||||
| Taiwan | 7.5% | ||||||||
| Germany | 6.9% | ||||||||
| Denmark | 5.9% | ||||||||
| Cayman Islands | 5.5% | ||||||||
| Australia | 5.2% | ||||||||
| Republic of Korea | 4.5% | ||||||||
| Sweden | 1.2% | ||||||||
| Spain | 1.0% | ||||||||
| Ireland | 0.7% | ||||||||
| Brazil | 0.6% | ||||||||
| China | 0.3% | ||||||||
| Russian Federation | 0.0% | ||||||||
| Total Country | 99.2% | ||||||||
| WARRANTS | 0.0% | ||||||||
| TOTAL INVESTMENTS | 99.2% | ||||||||
| Other assets and liabilities, net | 0.8% | ||||||||
| 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 following is a summary of the inputs used to value the Fund’s investments carried at fair value as of February 29, 2024: | |||||||||
| Level 1 | Level 2 | Level 3 | Total | |||||||||||||
| Investments - Assets: | ||||||||||||||||
Common Stocks* | $ | 77,229,940 | $ | - | $ | - | ^ | $ | 77,229,940 | |||||||
Warrants | - | - | - | ^ | - | |||||||||||
| Total Investments - Assets | $ | 77,229,940 | $ | - | $ | - | $ | 77,229,940 | ||||||||
* See the Schedule of Investments for industry classifications. | ||||||||||||||||
| ^ The Fund held Level 3 securities at the end of the period valued at $-. The securities classified as Level 3 are deemed immaterial. | ||||||||||||||||