Tidal Trust III
Impact Shares YWCA Women’s Empowerment ETF
Schedule of Investments
March 31, 2024 (Unaudited)
Description | Shares | Fair Value | ||||||
COMMON STOCK — 99.9% | ||||||||
Communication Services— 7.4% | ||||||||
Electronic Arts | 727 | $ | 96,451 | |||||
Interpublic Group | 983 | 32,075 | ||||||
Match Group* | 689 | 24,997 | ||||||
Meta Platforms, Cl A | 5,358 | 2,601,738 | ||||||
Netflix* | 684 | 415,414 | ||||||
Omnicom Group | 512 | 49,541 | ||||||
Pinterest, Cl A* | 1,421 | 49,266 | ||||||
Sirius XM Holdings | 1,583 | 6,142 | ||||||
T-Mobile US | 1,248 | 203,698 | ||||||
Verizon Communications | 12,201 | 511,954 | ||||||
|
| |||||||
3,991,276 | ||||||||
|
| |||||||
Consumer Discretionary— 11.6% | ||||||||
Amazon.com* | 15,319 | 2,763,241 | ||||||
Best Buy | 1,005 | 82,440 | ||||||
Deckers Outdoor* | 132 | 124,246 | ||||||
DoorDash, Cl A* | 661 | 91,033 | ||||||
eBay | 2,307 | 121,763 | ||||||
Etsy* | 479 | 32,917 | ||||||
Expedia Group* | 718 | 98,904 | ||||||
Ford Motor | 20,640 | 274,099 | ||||||
General Motors | 6,082 | 275,819 | ||||||
Lululemon Athletica* | 603 | 235,562 | ||||||
McDonald’s | 3,767 | 1,062,106 | ||||||
Service International | 642 | 47,643 | ||||||
Starbucks | 6,148 | 561,866 | ||||||
Target | 1,053 | 186,602 | ||||||
Williams-Sonoma | 312 | 99,070 | ||||||
Yum! Brands | 1,454 | 201,597 | ||||||
|
| |||||||
6,258,908 | ||||||||
|
| |||||||
Consumer Staples— 7.3% | ||||||||
Archer-Daniels-Midland | 1,390 | 87,306 | ||||||
Brown-Forman, Cl A | 159 | 8,419 | ||||||
Brown-Forman, Cl B | 783 | 40,418 | ||||||
Campbell Soup | 506 | 22,492 | ||||||
Church & Dwight | 614 | 64,046 | ||||||
Clorox | 310 | 47,464 | ||||||
Coca-Cola | 10,070 | 616,083 | ||||||
Colgate-Palmolive | 2,114 | 190,366 | ||||||
Conagra Brands | 1,211 | 35,894 | ||||||
Estee Lauder, Cl A | 580 | 89,407 | ||||||
General Mills | 1,502 | 105,095 | ||||||
Hershey | 370 | 71,965 | ||||||
J M Smucker | 267 | 33,607 | ||||||
Kellanova | 650 | 37,239 | ||||||
Kimberly-Clark | 855 | 110,594 | ||||||
Kraft Heinz | 2,016 | 74,390 | ||||||
Kroger | 1,646 | 94,036 | ||||||
Molson Coors Beverage, Cl B | 475 | 31,944 | ||||||
Mondelez International, Cl A | 3,505 | 245,350 | ||||||
PepsiCo | 3,554 | 621,985 | ||||||
Procter & Gamble | 5,997 | 973,013 | ||||||
Walmart | 5,457 | 328,348 | ||||||
|
| |||||||
3,929,461 | ||||||||
|
| |||||||
Energy— 5.2% | ||||||||
Baker Hughes, Cl A | 2,700 | 90,450 | ||||||
Chevron | 4,914 | 775,134 | ||||||
ConocoPhillips | 3,099 | 394,441 | ||||||
Exxon Mobil | 10,060 | 1,169,375 | ||||||
Occidental Petroleum | 1,712 | 111,263 | ||||||
Phillips 66 | 1,091 | 178,204 |
Description | Shares | Fair Value | ||||||
Williams | 3,027 | $ | 117,962 | |||||
|
| |||||||
2,836,829 | ||||||||
|
| |||||||
Financials— 13.6% | ||||||||
Allstate | 671 | 116,090 | ||||||
American Express | 1,507 | 343,129 | ||||||
American International Group | 1,664 | 130,075 | ||||||
Ameriprise Financial | 265 | 116,187 | ||||||
Bank of America | 17,322 | 656,850 | ||||||
Bank of New York Mellon | 1,866 | 107,519 | ||||||
BlackRock, Cl A | 363 | 302,633 | ||||||
Capital One Financial | 965 | 143,679 | ||||||
Citigroup | 4,902 | 310,002 | ||||||
Citizens Financial Group | 562 | 20,395 | ||||||
Fifth Third Bancorp | 1,736 | 64,597 | ||||||
Hartford Financial Services Group | 655 | 67,498 | ||||||
Huntington Bancshares | 3,662 | 51,085 | ||||||
KeyCorp | 2,367 | 37,422 | ||||||
Mastercard, Cl A | 2,161 | 1,040,673 | ||||||
MetLife | 1,672 | 123,912 | ||||||
Moody’s | 397 | 156,033 | ||||||
Morgan Stanley | 3,184 | 299,805 | ||||||
Northern Trust | 524 | 46,594 | ||||||
PayPal Holdings* | 2,897 | 194,070 | ||||||
Principal Financial Group | 576 | 49,714 | ||||||
Progressive | 1,485 | 307,127 | ||||||
Prudential Financial | 932 | 109,417 | ||||||
Raymond James Financial | 485 | 62,284 | ||||||
Regions Financial | 2,371 | 49,886 | ||||||
S&P Global | 802 | 341,211 | ||||||
State Street | 728 | 56,289 | ||||||
Synchrony Financial | 1,013 | 43,680 | ||||||
T Rowe Price Group | 564 | 68,763 | ||||||
US Bancorp | 4,021 | 179,739 | ||||||
Visa, Cl A | 4,127 | 1,151,763 | ||||||
Wells Fargo | 9,254 | 536,362 | ||||||
Willis Towers Watson | 263 | 72,325 | ||||||
|
| |||||||
7,356,808 | ||||||||
|
| |||||||
Health Care— 14.6% | ||||||||
AbbVie | 4,485 | 816,718 | ||||||
Agilent Technologies | 517 | 75,229 | ||||||
Amgen | 1,381 | 392,646 | ||||||
Baxter International | 1,277 | 54,579 | ||||||
Biogen* | 364 | 78,489 | ||||||
BioMarin Pharmaceutical* | 472 | 41,224 | ||||||
Bristol-Myers Squibb | 5,144 | 278,959 | ||||||
Cardinal Health | 660 | 73,854 | ||||||
Cigna Group | 718 | 260,771 | ||||||
Elevance Health | 571 | 296,086 | ||||||
Eli Lilly | 2,115 | 1,645,385 | ||||||
Gilead Sciences | 3,179 | 232,862 | ||||||
Johnson & Johnson | 6,316 | 999,128 | ||||||
Merck | 6,745 | 890,003 | ||||||
Regeneron Pharmaceuticals* | 271 | 260,835 | ||||||
UnitedHealth Group | 2,500 | 1,236,750 | ||||||
Vertex Pharmaceuticals* | 651 | 272,125 | ||||||
|
| |||||||
7,905,643 | ||||||||
|
| |||||||
Industrials— 8 9% | ||||||||
3M | 1,395 | 147,967 | ||||||
Automatic Data Processing | 1,045 | 260,978 | ||||||
Booz Allen Hamilton Holding, Cl A | 329 | 48,837 | ||||||
Carrier Global | 2,076 | 120,678 | ||||||
Cummins | 370 | 109,020 | ||||||
Dayforce* | 741 | 49,061 | ||||||
Delta Air Lines | 1,620 | 77,550 |
Tidal Trust III
Impact Shares YWCA Women’s Empowerment ETF
Schedule of Investments
March 31, 2024 (Unaudited)
Description | Shares | Fair Value | ||||||
Eaton PLC | 1,009 | $ | 315,494 | |||||
Emerson Electric | 1,495 | 169,563 | ||||||
Fortive | 1,633 | 140,471 | ||||||
General Electric | 2,660 | 466,910 | ||||||
Ingersoll Rand | 1,005 | 95,425 | ||||||
Johnson Controls International PLC | 1,742 | 113,787 | ||||||
Norfolk Southern | 583 | 148,589 | ||||||
Owens Corning | 237 | 39,532 | ||||||
Paychex | 796 | 97,749 | ||||||
Pentair PLC | 418 | 35,714 | ||||||
Republic Services, Cl A | 508 | 97,252 | ||||||
Robert Half International | 274 | 21,723 | ||||||
Rockwell Automation | 287 | 83,612 | ||||||
Southwest Airlines | 1,502 | 43,843 | ||||||
Stanley Black & Decker | 367 | 35,940 | ||||||
Trane Technologies PLC | 570 | 171,114 | ||||||
TransUnion | 486 | 38,783 | ||||||
Uber Technologies* | 9,230 | 710,618 | ||||||
Union Pacific | 1,557 | 382,913 | ||||||
United Parcel Service, Cl B | 1,848 | 274,668 | ||||||
Verisk Analytics, Cl A | 392 | 92,406 | ||||||
Waste Management | 948 | 202,066 | ||||||
WW Grainger | 110 | 111,903 | ||||||
Xylem | 618 | 79,870 | ||||||
|
| |||||||
4,784,036 | ||||||||
|
| |||||||
Information Technology— 25.6% | ||||||||
Accenture PLC, Cl A | 2,840 | 984,373 | ||||||
Adobe* | 2,146 | 1,082,871 | ||||||
ANSYS* | 398 | 138,170 | ||||||
Apple | 15,717 | 2,695,151 | ||||||
Autodesk* | 1,011 | 263,285 | ||||||
Cisco Systems | 18,398 | 918,244 | ||||||
Global Payments | 614 | 82,067 | ||||||
Hewlett Packard Enterprise | 4,791 | 84,945 | ||||||
HP | 3,733 | 112,811 | ||||||
HubSpot* | 241 | 151,001 | ||||||
Intel | 18,821 | 831,324 | ||||||
International Business Machines | 3,964 | 756,965 | ||||||
Intuit | 1,250 | 812,500 | ||||||
Keysight Technologies* | 799 | 124,948 | ||||||
Microsoft | 4,026 | 1,693,819 | ||||||
Monolithic Power Systems | 220 | 149,032 | ||||||
Motorola Solutions | 748 | 265,525 | ||||||
Okta, Cl A* | 797 | 83,382 | ||||||
Salesforce | 4,384 | 1,320,373 | ||||||
ServiceNow* | 934 | 712,081 | ||||||
TE Connectivity | 1,498 | 217,569 | ||||||
Tyler Technologies* | 201 | 85,427 | ||||||
Workday, Cl A* | 1,017 | 277,387 | ||||||
|
| |||||||
13,843,250 | ||||||||
|
| |||||||
Materials— 1.7% | ||||||||
Air Products and Chemicals | 558 | 135,187 | ||||||
Albemarle | 301 | 39,654 | ||||||
Celanese, Cl A | 251 | 43,137 | ||||||
Corteva | 1,810 | 104,383 | ||||||
Dow | 1,784 | 103,347 | ||||||
DuPont de Nemours | 1,036 | 79,430 | ||||||
Ecolab | 623 | 143,851 | ||||||
International Flavors & Fragrances | 642 | 55,205 | ||||||
Newmont | 2,871 | 102,897 | ||||||
PPG Industries | 595 | 86,215 | ||||||
|
| |||||||
893,306 | ||||||||
|
|
Description | Shares | Fair Value | ||||||
Real Estate— 1.8% | ||||||||
American Tower, Cl A‡ | 1,199 | $ | 236,910 | |||||
CBRE Group, Cl A* | 796 | 77,403 | ||||||
Equinix‡ | 230 | 189,826 | ||||||
Equity LifeStyle Properties‡ | 439 | 28,272 | ||||||
Essex Property Trust‡ | 159 | 38,925 | ||||||
Healthpeak Properties‡ | 1,364 | 25,575 | ||||||
Host Hotels & Resorts‡ | 1,808 | 37,390 | ||||||
Invitation Homes‡ | 1,441 | 51,314 | ||||||
Iron Mountain‡ | 737 | 59,115 | ||||||
Rexford Industrial Realty‡ | 504 | 25,351 | ||||||
Ventas‡ | 1,013 | 44,106 | ||||||
Welltower‡ | 1,335 | 124,742 | ||||||
Zillow Group, Cl A* | 139 | 6,653 | ||||||
Zillow Group, Cl C* | 398 | 19,414 | ||||||
|
| |||||||
964,996 | ||||||||
|
| |||||||
Utilities— 2.2% | ||||||||
Alliant Energy | 656 | 33,063 | ||||||
American Electric Power | 1,350 | 116,235 | ||||||
American Water Works | 458 | 55,972 | ||||||
Avangrid | 180 | 6,559 | ||||||
CenterPoint Energy | 1,594 | 45,413 | ||||||
CMS Energy | 732 | 44,169 | ||||||
Consolidated Edison | 895 | 81,275 | ||||||
Dominion Energy | 2,107 | 103,643 | ||||||
Edison International | 966 | 68,325 | ||||||
Entergy | 557 | 58,864 | ||||||
Exelon | 2,509 | 94,263 | ||||||
NiSource | 1,029 | 28,462 | ||||||
PG&E | 5,399 | 90,487 | ||||||
Pinnacle West Capital | 287 | 21,448 | ||||||
PPL | 1,864 | 51,316 | ||||||
Public Service Enterprise Group | 1,239 | 82,741 | ||||||
Sempra Energy | 1,594 | 114,497 | ||||||
Vistra | 948 | 66,028 | ||||||
|
| |||||||
1,162,760 | ||||||||
|
| |||||||
Total Common Stock | 53,927,273 | |||||||
|
| |||||||
SHORT-TERM INVESTMENT — 0.2% | ||||||||
Invesco Government & Agency | 121,418 | 121,418 | ||||||
|
| |||||||
Total Short-Term Investment | 121,418 | |||||||
|
| |||||||
Total Investments - 100 1% | $ | 54,048,691 | ||||||
|
|
Percentages are based on Net Assets of $54,020,714.
* | Non-income producing security. |
‡ | Real Estate Investment Trust |
(A) | Rate shown represents the 7-day effective yield as of March 31, 2024. |
Cl — Class
PLC — Public Limited Company
IMP-QH-001-1200
Tidal Trust III
Impact Shares NAACP Minority Empowerment ETF
Schedule of Investments
March 31, 2024 (Unaudited)
Description | Shares | Fair Value | ||||||
COMMON STOCK — 99.9% | ||||||||
Communication Services— 11 6% | ||||||||
Alphabet, Cl A* | 8,551 | $ | 1,290,602 | |||||
Alphabet, Cl C* | 7,674 | 1,168,443 | ||||||
AT&T | 7,097 | 124,907 | ||||||
Electronic Arts | 1,040 | 137,977 | ||||||
Interpublic Group | 1,563 | 51,001 | ||||||
Meta Platforms, Cl A | 3,336 | 1,619,895 | ||||||
Verizon Communications | 17,461 | 732,664 | ||||||
|
| |||||||
5,125,489 | ||||||||
|
| |||||||
Consumer Discretionary— 9.6% | ||||||||
Amazon.com* | 12,339 | 2,225,709 | ||||||
Aptiv PLC* | 430 | 34,249 | ||||||
BorgWarner | 381 | 13,236 | ||||||
eBay | 861 | 45,443 | ||||||
Ford Motor | 6,289 | 83,518 | ||||||
General Motors | 1,995 | 90,473 | ||||||
Hilton Worldwide Holdings | 371 | 79,138 | ||||||
Lowe’s | 973 | 247,852 | ||||||
Marriott International, Cl A | 427 | 107,736 | ||||||
MercadoLibre* | 82 | 123,981 | ||||||
NIKE, Cl B | 2,126 | 199,802 | ||||||
Royal Caribbean Cruises* | 353 | 49,071 | ||||||
Tesla* | 5,369 | 943,817 | ||||||
|
| |||||||
4,244,025 | ||||||||
|
| |||||||
Consumer Staples— 3.8% | ||||||||
Archer-Daniels-Midland | 873 | 54,833 | ||||||
Bunge Global | 240 | 24,605 | ||||||
Campbell Soup | 322 | 14,313 | ||||||
Clorox | 198 | 30,316 | ||||||
Coca-Cola | 6,580 | 402,565 | ||||||
Coty, Cl A* | 368 | 4,401 | ||||||
Hershey | 230 | 44,735 | ||||||
Hormel Foods | 461 | 16,084 | ||||||
J M Smucker | 170 | 21,398 | ||||||
Kellanova | 409 | 23,432 | ||||||
Kraft Heinz | 1,268 | 46,789 | ||||||
Kroger | 1,037 | 59,244 | ||||||
Molson Coors Beverage, Cl B | 299 | 20,108 | ||||||
Mondelez International, Cl A | 2,312 | 161,840 | ||||||
PepsiCo | 2,322 | 406,373 | ||||||
Tyson Foods, Cl A | 462 | 27,133 | ||||||
US Foods Holding* | 333 | 17,972 | ||||||
Walgreens Boots Alliance | 1,141 | 24,748 | ||||||
Walmart | 4,359 | 262,281 | ||||||
|
| |||||||
1,663,170 | ||||||||
|
| |||||||
Energy— 5.1% | ||||||||
Cheniere Energy | 396 | 63,867 | ||||||
Chevron | 3,158 | 498,143 | ||||||
ConocoPhillips | 1,982 | 252,269 | ||||||
Devon Energy | 1,041 | 52,237 | ||||||
Exxon Mobil | 6,466 | 751,608 | ||||||
Hess | 442 | 67,467 | ||||||
Kinder Morgan | 3,150 | 57,771 | ||||||
Marathon Petroleum | 628 | 126,542 | ||||||
ONEOK | 920 | 73,757 | ||||||
Phillips 66 | 751 | 122,668 | ||||||
Valero Energy | 541 | 92,343 |
Description | Shares | Fair Value | ||||||
Williams | 1,937 | $ | 75,485 | |||||
|
| |||||||
2,234,157 | ||||||||
|
| |||||||
Financials— 10.7% | ||||||||
American Express | 953 | 216,989 | ||||||
Aon PLC, Cl A | 331 | 110,461 | ||||||
Bank of America | 11,087 | 420,419 | ||||||
Bank of New York Mellon | 1,171 | 67,473 | ||||||
Charles Schwab | 2,431 | 175,859 | ||||||
Citigroup | 3,082 | 194,906 | ||||||
Huntington Bancshares | 2,292 | 31,973 | ||||||
JPMorgan Chase | 4,664 | 934,199 | ||||||
Mastercard, Cl A | 1,389 | 668,901 | ||||||
MetLife | 1,047 | 77,593 | ||||||
Moody’s | 250 | 98,257 | ||||||
Morgan Stanley | 2,096 | 197,359 | ||||||
Nasdaq | 540 | 34,074 | ||||||
PayPal Holdings* | 1,862 | 124,735 | ||||||
PNC Financial Services Group | 644 | 104,070 | ||||||
Principal Financial Group | 195 | 16,831 | ||||||
Regions Financial | 1,487 | 31,287 | ||||||
S&P Global | 530 | 225,488 | ||||||
Synchrony Financial | 717 | 30,917 | ||||||
T Rowe Price Group | 356 | 43,404 | ||||||
Travelers | 374 | 86,072 | ||||||
Truist Financial | 2,111 | 82,287 | ||||||
Visa, Cl A | 2,652 | 740,120 | ||||||
|
| |||||||
4,713,674 | ||||||||
|
| |||||||
Health Care— 12.4% | ||||||||
Abbott Laboratories | 2,871 | 326,318 | ||||||
AbbVie | 2,807 | 511,155 | ||||||
Agilent Technologies | 473 | 68,826 | ||||||
Baxter International | 798 | 34,107 | ||||||
Becton Dickinson | 456 | 112,837 | ||||||
Biogen* | 231 | 49,810 | ||||||
Boston Scientific* | 2,277 | 155,952 | ||||||
Bristol-Myers Squibb | 3,375 | 183,027 | ||||||
Cigna Group | 487 | 176,874 | ||||||
CVS Health | 2,141 | 170,766 | ||||||
Danaher | 1,098 | 274,193 | ||||||
Edwards Lifesciences* | 983 | 93,935 | ||||||
Elevance Health | 359 | 186,156 | ||||||
Gilead Sciences | 1,989 | 145,694 | ||||||
Illumina* | 253 | 34,742 | ||||||
Johnson & Johnson | 4,059 | 642,093 | ||||||
Laboratory Corp of America Holdings | 142 | 31,021 | ||||||
Medtronic PLC | 2,108 | 183,712 | ||||||
Merck | 4,335 | 572,003 | ||||||
Pfizer | 9,183 | 254,828 | ||||||
Quest Diagnostics | 183 | 24,359 | ||||||
ResMed | 234 | 46,339 | ||||||
Teleflex | 74 | 16,737 | ||||||
Thermo Fisher Scientific | 624 | 362,675 | ||||||
UnitedHealth Group | 1,607 | 794,983 | ||||||
|
| |||||||
5,453,142 | ||||||||
|
| |||||||
Industrials— 10.9% | ||||||||
3M | 877 | 93,023 | ||||||
AECOM | 228 | 22,362 | ||||||
AMETEK | 368 | 67,307 | ||||||
Automatic Data Processing | 705 | 176,067 | ||||||
Boeing* | 1,029 | 198,587 | ||||||
Booz Allen Hamilton Holding, Cl A | 210 | 31,173 | ||||||
CNH Industrial | 1,333 | 17,276 | ||||||
CSX | 3,346 | 124,036 |
Tidal Trust III
Impact Shares NAACP Minority Empowerment ETF
Schedule of Investments
March 31, 2024 (Unaudited)
Description | Shares | Fair Value | ||||||
Cummins | 226 | $ | 66,591 | |||||
Deere | 437 | 179,493 | ||||||
Delta Air Lines | 1,023 | 48,971 | ||||||
Eaton PLC | 634 | 198,239 | ||||||
Emerson Electric | 941 | 106,728 | ||||||
Expeditors International of Washington | 253 | 30,757 | ||||||
FedEx | 383 | 110,971 | ||||||
Ferguson | 355 | 77,543 | ||||||
General Electric | 1,742 | 305,773 | ||||||
Honeywell International | 1,070 | 219,618 | ||||||
Howmet Aerospace | 587 | 40,168 | ||||||
Hubbell, Cl B | 74 | 30,714 | ||||||
Illinois Tool Works | 503 | 134,970 | ||||||
Ingersoll Rand | 590 | 56,020 | ||||||
JB Hunt Transport Services | 133 | 26,501 | ||||||
Johnson Controls International PLC | 1,118 | 73,028 | ||||||
L3Harris Technologies | 270 | 57,537 | ||||||
Lennox International | 53 | 25,904 | ||||||
Lincoln Electric Holdings | 94 | 24,011 | ||||||
Nordson. | 87 | 23,885 | ||||||
Norfolk Southern | 375 | 95,576 | ||||||
Northrop Grumman | 251 | 120,144 | ||||||
Otis Worldwide | 636 | 63,136 | ||||||
Owens Corning | 127 | 21,184 | ||||||
Rockwell Automation | 185 | 53,896 | ||||||
Southwest Airlines | 945 | 27,585 | ||||||
Stanley Black & Decker | 236 | 23,111 | ||||||
Textron | 330 | 31,657 | ||||||
Trane Technologies PLC | 353 | 105,971 | ||||||
Uber Technologies* | 14,083 | 1,084,250 | ||||||
Union Pacific | 1,025 | 252,078 | ||||||
United Airlines Holdings* | 523 | 25,041 | ||||||
United Parcel Service, Cl B | 1,164 | 173,005 | ||||||
United Rentals | 113 | 81,485 | ||||||
Verisk Analytics, Cl A | 232 | 54,689 | ||||||
Xylem | 386 | 49,887 | ||||||
|
| |||||||
4,829,948 | ||||||||
|
| |||||||
Information Technology— 30 2% | ||||||||
Accenture PLC, Cl A | 4,333 | 1,501,861 | ||||||
Apple | 12,003 | 2,058,275 | ||||||
Dell Technologies, Cl C | 899 | 102,585 | ||||||
HP | 5,969 | 180,383 | ||||||
Intel | 28,716 | 1,268,386 | ||||||
International Business Machines | 6,048 | 1,154,926 | ||||||
Micron Technology | 7,343 | 865,666 | ||||||
Microsoft | 5,324 | 2,239,913 | ||||||
NVIDIA | 2,182 | 1,971,568 | ||||||
Palo Alto Networks* | 2,461 | 699,244 | ||||||
QUALCOMM | 7,345 | 1,243,508 | ||||||
|
| |||||||
13,286,315 | ||||||||
|
| |||||||
Materials— 1.4% | ||||||||
Albemarle | 187 | 24,635 | ||||||
CF Industries Holdings | 313 | 26,045 | ||||||
DuPont de Nemours | 793 | 60,799 | ||||||
Eastman Chemical | 192 | 19,242 | ||||||
Ecolab | 394 | 90,975 | ||||||
Freeport-McMoRan, Cl B | 2,276 | 107,017 | ||||||
International Flavors & Fragrances | 407 | 34,998 | ||||||
Martin Marietta Materials | 100 | 61,394 | ||||||
Mosaic | 543 | 17,626 | ||||||
Newmont | 1,765 | 63,258 | ||||||
PPG Industries | 375 | 54,337 | ||||||
Southern Copper | 138 | 14,700 |
Description | Shares | Fair Value | ||||||
Vulcan Materials | 211 | $ | 57,586 | |||||
|
| |||||||
632,612 | ||||||||
|
| |||||||
Real Estate— 1.2% | ||||||||
American Homes 4 Rent, Cl A‡ | 489 | 17,985 | ||||||
AvalonBay Communities‡ | 224 | 41,566 | ||||||
Crown Castle‡ | 683 | 72,282 | ||||||
Equinix‡ | 149 | 122,974 | ||||||
Healthpeak Properties‡ | 856 | 16,050 | ||||||
Prologis‡ | 1,552 | 202,102 | ||||||
Regency Centers‡ | 243 | 14,716 | ||||||
SBA Communications, Cl A‡ | 162 | 35,105 | ||||||
|
| |||||||
522,780 | ||||||||
|
| |||||||
Utilities— 3 0% | ||||||||
AES | 1,065 | 19,095 | ||||||
Alliant Energy | 396 | 19,958 | ||||||
American Electric Power | 829 | 71,377 | ||||||
Avangrid | 113 | 4,118 | ||||||
CMS Energy | 463 | 27,937 | ||||||
Consolidated Edison | 563 | 51,126 | ||||||
Dominion Energy | 1,325 | 65,177 | ||||||
DTE Energy | 309 | 34,651 | ||||||
Duke Energy | 1,202 | 116,245 | ||||||
Edison International | 610 | 43,145 | ||||||
Entergy | 322 | 34,029 | ||||||
Eversource Energy | 555 | 33,172 | ||||||
Exelon | 1,578 | 59,285 | ||||||
FirstEnergy | 866 | 33,445 | ||||||
NextEra Energy | 3,392 | 216,783 | ||||||
NiSource | 647 | 17,896 | ||||||
NRG Energy | 369 | 24,978 | ||||||
PG&E | 2,154 | 36,101 | ||||||
PPL | 1,172 | 32,265 | ||||||
Public Service Enterprise Group | 797 | 53,224 | ||||||
Sempra Energy | 1,002 | 71,974 | ||||||
Southern | 1,731 | 124,182 | ||||||
Vistra | 480 | 33,432 | ||||||
WEC Energy Group | 504 | 41,389 | ||||||
Xcel Energy | 874 | 46,978 | ||||||
|
| |||||||
1,311,962 | ||||||||
|
| |||||||
Total Common Stock | 44,017,274 | |||||||
|
| |||||||
SHORT-TERM INVESTMENT — 0.3% | ||||||||
Invesco Government & Agency Portfolio, Cl Institutional, 5.240% (A) | 128,826 | 128,826 | ||||||
|
| |||||||
Total Short-Term Investment | 128,826 | |||||||
|
| |||||||
Total Investments - 100 2% | $ | 44,146,100 | ||||||
|
|
Percentages are based on Net Assets of $44,039,670.
* | Non-income producing security. |
‡ | Real Estate Investment Trust |
(A) | Rate shown represents the 7-day effective yield as of March 31, 2024. |
Cl — Class
PLC — Public Limited Company
IMP-QH-001-1200