Opal Dividend Income ETF | ||||||||
Schedule of Investments | ||||||||
as of March 31, 2024 (Unaudited) | ||||||||
COMMON STOCKS - 99.8% | Shares | Value | ||||||
Aerospace & Defense - 1.3% | ||||||||
Lockheed Martin Corp. | 1,826 | $ | 830,593 | |||||
Agriculture - 8.2% | ||||||||
British American Tobacco PLC - ADR(a) | 97,698 | 2,979,788 | ||||||
Philip Morris International, Inc. | 26,785 | 2,454,042 | ||||||
5,433,830 | ||||||||
Banks - 8.9% | ||||||||
Citigroup, Inc. | 62,132 | 3,929,227 | ||||||
Morgan Stanley | 21,185 | 1,994,780 | ||||||
5,924,007 | ||||||||
Beverages - 1.9% | ||||||||
PepsiCo, Inc. | 7,255 | 1,269,698 | ||||||
Building Materials - 3.7% | ||||||||
CRH PLC(a)(b) | 28,187 | 2,431,411 | ||||||
Cosmetics & Personal Care - 1.1% | ||||||||
Kenvue, Inc. | 35,551 | 762,924 | ||||||
Diversified Financial Services - 5.5% | ||||||||
Blue Owl Capital, Inc. - Class A | 192,486 | 3,630,286 | ||||||
Electric - 8.8% | ||||||||
American Electric Power Co., Inc. | 35,215 | 3,032,011 | ||||||
NextEra Energy, Inc. | 43,946 | 2,808,589 | ||||||
5,840,600 | ||||||||
Food - 7.5% | ||||||||
Albertsons Cos., Inc. - Class A | 54,111 | 1,160,140 | ||||||
Hershey Co. | 11,661 | 2,268,065 | ||||||
Kroger Co. | 26,994 | 1,542,167 | ||||||
4,970,372 | ||||||||
Healthcare-Products - 2.7% | ||||||||
Medtronic PLC(a) | 20,799 | 1,812,633 | ||||||
Healthcare-Services - 2.9% | ||||||||
UnitedHealth Group, Inc. | 3,910 | 1,934,277 | ||||||
Oil & Gas - 14.5% | ||||||||
Chevron Corp. | 15,563 | 2,454,908 | ||||||
Devon Energy Corp. | 44,568 | 2,236,422 | ||||||
EOG Resources, Inc. | 16,322 | 2,086,604 | ||||||
Exxon Mobil Corp. | 24,242 | 2,817,891 | ||||||
9,595,825 | ||||||||
Pharmaceuticals - 4.1% | ||||||||
Johnson & Johnson | 9,344 | 1,478,127 | ||||||
Pfizer, Inc. | 45,297 | 1,256,992 | ||||||
2,735,119 | ||||||||
Pipelines - 2.9% | ||||||||
Kinder Morgan, Inc. | 103,528 | 1,898,704 | ||||||
Retail - 2.7% | ||||||||
Genuine Parts Co. | 11,615 | 1,799,512 | ||||||
Semiconductors - 14.4% | ||||||||
Broadcom, Inc. | 2,875 | 3,810,553 | ||||||
QUALCOMM, Inc. | 20,479 | 3,467,095 | ||||||
Taiwan Semiconductor Manufacturing Co. Ltd. - ADR(a) | 16,620 | 2,261,151 | ||||||
9,538,799 | ||||||||
Software - 3.9% | ||||||||
Oracle Corp. | 20,561 | 2,582,667 | ||||||
Telecommunications - 4.8% | ||||||||
Verizon Communications, Inc. | 76,304 | 3,201,716 | ||||||
TOTAL COMMON STOCKS (Cost $60,272,418) | 66,192,973 | |||||||
SHORT-TERM INVESTMENTS - 0.5% | ||||||||
Money Market Funds - 0.5% | Shares | |||||||
First American Treasury Obligations Fund - Class X, 5.22%(c) | 332,420 | 332,420 | ||||||
TOTAL SHORT-TERM INVESTMENTS (Cost $332,420) | 332,420 | |||||||
TOTAL INVESTMENTS - 100.3% (Cost $60,604,838) | $ | 66,525,393 | ||||||
Liabilities in Excess of Other Assets - (0.3)% | (169,091 | ) | ||||||
TOTAL NET ASSETS - 100.0% | $ | 66,356,302 | ||||||
Percentages are stated as a percent of net assets. |
ADR - American Depositary Receipt |
PLC - Public Limited Company |
(a) | Foreign issued security. |
(b) | Non-income producing security. |
(c) | The rate shown represents the 7-day effective yield as of March 31, 2024. |
Opal Dividend Income ETF | ||||||||||||||||
Level 1 | Level 2 | Level 3 | Total | |||||||||||||
Assets: | ||||||||||||||||
Common Stocks | $ | 66,192,973 | $ | – | $ | – | $ | 66,192,973 | ||||||||
Money Market Funds | 332,420 | – | – | 332,420 | ||||||||||||
Total Assets | $ | 66,525,393 | $ | – | $ | – | $ | 66,525,393 | ||||||||
Refer to the Schedule of Investments for industry classifications. |