Impact Shares Trust I NPORT-P Rockefeller Opportunistic Municipal Bond ETF (Oct 2024 report)

Rockefeller Opportunistic Municipal Bond ETF
Schedule of Investments
October 31, 2024 (Unaudited)
MUNICIPAL BONDS & NOTES - 114.9%	Interest Rate			Maturity Date	Principal Amount			Value
Arizona - 0.8%
Alachua County Health Facilities Authority, Call 07/01/2027(c)(d)(e)		5.75	%	07/01/47	$	110,000	$	110,259
Arizona Industrial Development Authority, Call 07/01/2027(c)(d)(e)		5.88	%	07/01/52		105,000		105,413
Chandler Industrial Development Authority, Call 03/01/27, Put 09/01/2027(a)		5.00	%	09/01/42		140,000		143,406
La Paz County Industrial Development Authority, Call 02/15/28(d)		5.00	%	02/15/48		50,000		49,305
Maricopa County & Phoenix Industrial Development Authorities, GNMA, FNMA, FHLMC, Call 03/01/33(d)		6.25	%	03/01/55		300,000		333,724
								742,107
Arkansas - 3.2%
Arkansas Development Finance Authority, GNMA, FNMA, FHLMC, Call 07/01/33(d)		5.00	%	01/01/55		1,000,000		1,049,508
Sierra Vista Industrial Development Authority, Call 06/15/31(c)(d)(e)		5.00	%	06/15/64		500,000		486,855
Sierra Vista Industrial Development Authority, Call 06/15/31(c)(d)(e)		5.00	%	06/15/54		1,500,000		1,488,452
								3,024,815
California - 5.5%
California Community Choice Financing Authority, Call 09/01/32, Put 12/01/32(a)(d)		5.00	%	01/01/55		250,000		268,672
California County Tobacco Securitization Agency, Call 11/18/24(b)		0.00	%	06/01/46		3,750,000		947,415
California Infrastructure & Economic Development Bank, Call 07/01/31(c)(d)(e)		5.25	%	07/01/64		500,000		501,090
California Infrastructure & Economic Development Bank, Call 07/01/31(c)(d)(e)		5.13	%	07/01/54		1,200,000		1,195,377
California School Finance Authority, Call 06/01/28(d)(e)		4.00	%	06/01/61		600,000		483,515
California Statewide Communities Development Authority, STR, Call 09/01/31(d)		5.00	%	09/01/54		100,000		100,777
City of Los Angeles Department of Airports, Call 05/15/28(d)		5.25	%	05/15/48		800,000		826,754
Golden State Tobacco Securitization Corp., Call 12/01/31(b)		0.00	%	06/01/66		5,000,000		543,237
Pulaski County Public Facilities Board, Call 12/02/24(d)		5.00	%	12/01/42		210,000		210,030
Pulaski County Public Facilities Board, Call12/02/24		5.00	%	12/01/31		15,000		15,009
San Francisco City & County Redevelopment Agency Successor Agency, TAR, Call 12/02/24(d)		5.00	%	08/01/43		60,000		60,037
								5,151,913
Colorado - 7.3%
Baseline Metropolitan District No. 1, GO, Call 12/01/29		6.75	%	12/15/54		1,000,000		1,005,405
Canyons Metropolitan District No. 5, GO, Call 12/01/29		6.50	%	12/01/54		750,000		773,912
Crowfoot Valley Ranch Metropolitan District No. 2		6.13	%	12/15/54		1,000,000		1,001,193
Mineral Business Improvement District, GO, Call 12/01/29(d)(e)		5.75	%	12/01/54		1,000,000		1,010,318
Sky Dance Metropolitan District No. 2, GO, Call 12/01/29(d)		6.00	%	12/01/54		750,000		752,802
Sky Ranch Community Authority Board, GO, Call 12/01/29		6.50	%	12/15/54		550,000		553,350
St Vrain Lakes Metropolitan District No. 4, GO, Call 09/01/29(d)(e)		0.00	%	09/20/54		1,000,000		718,578
Trevenna Metropolitan District, GO, Call 12/01/29(d)		5.75	%	12/01/54		505,000		505,985
Water Valley Metropolitan District No. 3, GO, Call 12/01/29(d)		5.25	%	12/01/54		535,000		540,286
								6,861,829
Connecticut - 0.3%
Connecticut Housing Finance Authority, Call 05/15/26(d)		3.50	%	05/15/39		240,000		238,061
Delaware - 0.3%
Delaware State Economic Development Authority, Call 11/15/25(d)		5.00	%	11/15/48		20,000		20,321
Delaware State Economic Development Authority, Call 12/02/24(d)		5.00	%	10/01/36		305,000		303,733
								324,054
Florida - 19.8%
Alachua County Health Facilities Authority, Call 12/02/24(d)		5.00	%	12/01/44		25,000		25,004
Capital Projects Finance Authority, Call 06/15/29(d)(e)		5.00	%	06/15/54		500,000		492,373
Capital Trust Authority, Call 06/01/32(c)(d)(e)		5.00	%	06/01/64		1,000,000		988,053
Capital Trust Authority, Call 06/01/32(d)(e)		5.00	%	06/01/54		250,000		250,302
Capital Trust Authority, Call 07/01/31(d)(e)		5.25	%	07/01/54		1,500,000		1,481,659
Capital Trust Authority, Call 07/01/31(d)(e)		5.25	%	07/01/59		2,000,000		1,958,574
County of Lee, Call 10/01/34(d)		5.25	%	10/01/54		1,000,000		1,062,006
County of Miami-Dade Seaport Department, AGM, Call 10/01/31		4.00	%	10/01/41		750,000		729,619
County of Miami-Dade, Call 07/01/30		4.00	%	07/01/46		1,000,000		977,320
County of Palm Beach, Call 10/01/34		5.25	%	10/01/44		500,000		541,129
County of Palm Beach, Call 10/01/34		5.25	%	10/01/43		500,000		542,877
Edgewater West Community Development District, SA, Call 11/01/34(c)(d)		5.50	%	05/01/54		1,000,000		976,388
Florida Higher Educational Facilities Financial Authority, Call 12/01/34(c)(d)		4.13	%	12/01/54		250,000		236,646
Florida Higher Educational Facilities Financial Authority, Call 12/01/34(d)		5.25	%	12/01/54		250,000		270,350

Florida Housing Finance Corp., GNMA, FNMA, FHLMC, Call 07/01/33(d)	4.65	%	07/01/54	500,000	502,500
Florida Housing Finance Corp., GNMA, FNMA, FHLMC, Call 07/01/33(d)	6.25	%	01/01/55	1,000,000	1,107,753
Greater Orlando Aviation Authority, Call 10/01/31(d)	4.00	%	10/01/52	1,000,000	932,787
Highlands County School Board, BAM, Call 12/02/24(d)	5.00	%	09/01/41	50,000	50,063
Miami-Dade County Educational Facilities Authority, Call 12/02/24(d)	5.00	%	04/01/42	50,000	50,006
Miami-Dade County Industrial Development Authority, Call 07/01/29(c)(d)(e)	5.50	%	07/01/61	1,185,000	1,201,169
Middleton Community Development District A, SA, Call 05/01/32(d)	4.75	%	05/01/55	500,000	492,394
Normandy Community Development District, SA, Call 11/01/34(c)(d)(e)	5.55	%	05/01/54	100,000	97,405
Palm Beach County Health Facilities Authority, Call 05/15/27	5.00	%	05/15/37	235,000	237,729
Parrish Lakes II Community Development District, SA, Call 11/01/34(d)	5.45	%	05/01/54	1,000,000	980,021
Pioneer Ranch Community Development District, SA, Call 11/01/34(d)(e)	5.30	%	05/01/55	1,000,000	966,732
Two Lakes Community Development District, SA, Call 05/01/34(d)	5.00	%	05/01/55	1,500,000	1,534,199
					18,685,058
Georgia - 2.8%
Atlanta Development Authority, TAR, Call 04/01/29(e)	5.50	%	04/01/39	1,000,000	1,014,741
Bartow County Development Authority, Call 10/31/24, Put 10/31/24(a)	3.80	%	11/01/62	600,000	600,000
Development Authority for Fulton County, Call 12/02/24(d)	5.00	%	07/01/44	1,000,000	999,926
					2,614,667
Idaho - 1.3%
Avimor Community Infrastructure District No. 1, SA, Call 12/01/29(d)(e)	5.50	%	09/01/53	1,000,000	1,006,529
Idaho Health Facilities Authority, Call 11/21/24(d)	5.00	%	03/01/44	245,000	245,002
					1,251,531
Illinois - 2.7%
Chicago O'Hare International Airport, Call 01/01/34(d)	5.50	%	01/01/59	2,000,000	2,152,067
Chicago O'Hare International Airport, Call 12/02/24	5.00	%	01/01/31	50,000	50,057
City of Chicago Waterworks, Call 12/23/24	5.00	%	11/01/28	150,000	150,311
Illinois Finance Authority, Call 12/02/24	5.00	%	11/15/27	10,000	10,009
Illinois State Toll Highway Authority, Call 01/01/25	5.00	%	01/01/31	120,000	120,379
State of Illinois, BAM-TCRS, GO, Call 01/14/25(d)	5.00	%	05/01/39	40,000	40,120
					2,522,943
Iowa - 0.2%
Iowa Finance Authority, Call 05/15/2026(d)	5.00	%	05/15/47	90,000	90,024
Iowa Finance Authority, Call 12/02/20	4.75	%	08/01/42	120,000	120,114
					210,138
Kentucky - 0.6%
Kenton County Airport Board, Call 01/01/34(d)	5.25	%	01/01/54	500,000	527,935
Louisiana - 2.8%
Louisiana Public Facilities Authority, Call 12/15/32(d)(e)	5.00	%	12/15/43	500,000	502,354
New Orleans Aviation Board	5.25	%	01/01/51	500,000	530,257
New Orleans Aviation Board	5.25	%	01/01/45	750,000	789,214
New Orleans Aviation Board	5.25	%	01/01/49	750,000	792,347
					2,614,172
Maryland - 1.0%
Maryland Department of Housing & Community Development, FHA 542(C), Call 07/01/33(d)	4.65	%	07/01/54	415,000	403,350
Maryland Department of Housing & Community Development, FHA 542(C), Call 07/01/33(d)	4.60	%	07/01/49	425,000	418,888
Maryland Economic Development Corp., Call 12/02/24	5.75	%	09/01/25	130,000	131,015
					953,253
Massachusetts - 1.1%
Massachusetts Development Finance Agency, Call 07/01/34(c)(d)(e)	5.00	%	07/01/60	1,000,000	1,012,193
Michigan - 5.7%
Michigan State Building Authority, Call 10/31/24, Put 10/31/24(a)	3.62	%	04/15/59	4,500,000	4,500,000
Michigan Tobacco Settlement Finance Authority, Call 06/01/33(b)	0.00	%	06/01/58	28,500,000	851,717
					5,351,717
Minnesota - 1.1%
City of Brooklyn Park, Call 07/01/25(d)	5.25	%	07/01/30	500,000	480,312
City of Minneapolis, Call 07/01/31(d)	4.00	%	07/01/51	100,000	72,606
Minnesota Housing Finance Agency, Call 08/01/34(c)	4.00	%	08/01/44	495,000	484,686
					1,037,604
Mississippi - 1.1%
Mississippi Business Finance Corp., Call 11/01/24, Put 10/31/24(a)	3.60	%	11/01/35	1,000,000	1,000,000
Missouri - 1.3%
Health & Educational Facilities Authority of the State of Missouri, Call 12/02/24(d)	5.00	%	11/15/48	10,000	10,001
Health & Educational Facilities Authority of the State of Missouri, Call 12/02/24(d)	5.00	%	11/15/45	20,000	20,002

Health & Educational Facilities Authority of the State of Missouri, Call 12/02/24(d)	5.00	%	11/15/38	20,000	20,010
Kansas City Industrial Development Authority, Call 06/01/34(c)(d)(e)	5.00	%	06/01/54	1,250,000	1,214,061
					1,264,074
Nevada - 1.4%
City of Sparks Special Improvement District No. 1, SA, Call 06/01/34(c)(d)	5.13	%	06/01/54	500,000	501,636
Nevada Housing Division, GNMA, FNMA, FHLMC, Call 10/01/33(d)	4.70	%	10/01/54	500,000	506,236
Reno-Tahoe Airport Authority, Call 07/01/34(d)	5.25	%	07/01/54	250,000	264,377
					1,272,249
New Hampshire - 0.1%
New Hampshire Health and Education Facilities Authority Act, Call 12/02/24(c)(d)	5.00	%	08/01/43	85,000	85,027
New Jersey - 1.5%
New Jersey Transportation Trust Fund Authority, Call 01/15/25(d)	5.00	%	06/15/38	20,000	20,061
Tender Option Bond Trust Receipts, Put 11/07/24(a)(e)	3.66	%	12/15/28	400,000	400,000
Tobacco Settlement Financing Corp., Call 06/01/28	5.00	%	06/01/46	1,000,000	1,003,149
					1,423,210
New York - 16.1%
City of New York, GO, Call 10/31/24, Put 10/31/24(a)(d)	3.65	%	09/01/49	1,600,000	1,600,000
City of New York, GO, Call 09/01/34	5.25	%	09/01/50	500,000	547,588
City of New York, GO, Call 09/01/34(c)(d)	4.00	%	09/01/52	500,000	481,165
Dobbs Ferry Local Development Corp., Call 12/02/24(d)	5.00	%	07/01/44	55,000	55,006
Dobbs Ferry Local Development Corp., Call 12/02/24(d)	5.00	%	07/01/39	350,000	350,057
Hempstead Town Local Development Corp., Call 12/02/24(d)	5.00	%	07/01/44	2,200,000	2,203,421
Monroe County Industrial Development Corp., Call 07/01/34(d)(e)	5.00	%	07/01/59	1,000,000	1,007,851
Monroe County Industrial Development Corp., Call 07/01/34(d)(e)	5.00	%	07/01/54	1,200,000	1,209,662
MTA Hudson Rail Yards Trust Obligations, Call 11/21/24	5.00	%	11/15/51	95,000	95,010
MTA Hudson Rail Yards Trust Obligations, Call 11/21/24	5.00	%	11/15/56	225,000	225,017
New York Counties Tobacco Trust VI, Call 06/01/2026(c)	3.75	%	06/01/45	195,000	154,278
New York State Dormitory Authority, AGC, Call 10/01/34(d)	5.50	%	10/01/54	250,000	275,306
New York Transportation Development Corp., AGC, Call 12/31/34	5.25	%	12/31/54	1,925,000	2,030,508
New York Transportation Development Corp., AGC, Call 12/31/44(d)	0.00	%	12/31/54	300,000	193,018
New York Transportation Development Corp., AGM-CR, Call 12/02/24(d)	4.00	%	07/01/31	120,000	119,242
New York Transportation Development Corp., Call 01/01/28(d)	5.00	%	01/01/36	75,000	76,219
New York Transportation Development Corp., Call 10/01/30(c)(d)	4.38	%	10/01/45	945,000	904,350
New York Transportation Development Corp., Call 12/02/24(d)	5.00	%	07/01/41	295,000	293,784
New York Transportation Development Corp., Call 12/02/24(d)	5.25	%	01/01/50	455,000	454,983
New York Transportation Development Corp., Call 12/02/24(d)	5.00	%	07/01/46	580,000	576,836
New York Transportation Development Corp., Call 12/31/34(d)	5.50	%	12/31/60	2,000,000	2,116,530
Triborough Bridge & Tunnel Authority, Call 11/15/34(c)(d)	4.00	%	11/15/54	250,000	240,325
					15,210,156
North Carolina - 1.8%
North Carolina Medical Care Commission, Call 09/01/31(d)	5.50	%	09/01/54	1,665,000	1,693,920
Ohio - 9.1%
Buckeye Tobacco Settlement Financing Authority, Call 06/01/30	5.00	%	06/01/55	3,500,000	3,165,367
Buckeye Tobacco Settlement Financing Authority, Call 06/01/30(b)	0.00	%	06/01/57	15,000,000	1,393,664
County of Hamilton, Call 12/02/24	5.00	%	02/01/26	5,000	5,002
County of Hamilton, Call 12/02/24	5.00	%	02/01/30	25,000	25,014
State of Ohio, Call 10/31/24, Put 11/07/24(a)(d)	3.75	%	01/15/45	4,000,000	4,000,000
					8,589,047
Pennsylvania - 2.2%
Crawford County Hospital Authority, Call 06/01/2026(c)(d)	6.00	%	06/01/51	500,000	502,037
Crawford County Hospital Authority, Call 06/01/2026(d)	6.00	%	06/01/46	425,000	429,110
Lancaster County Hospital Authority, Call 07/01/25(c)(d)	5.00	%	07/01/45	25,000	25,065
Monroeville Finance Authority, Call 12/02/24(d)	5.00	%	02/01/45	75,000	75,027
Northampton County General Purpose Authority, Call 11/01/24, Put 10/31/24(a)(d)	3.65	%	08/15/54	700,000	700,000
Pennsylvania Higher Educational Facilities Authority, Call 03/01/25(d)	5.00	%	09/01/45	300,000	300,569
West Shore Area Authority, Call 07/01/25	4.25	%	07/01/35	15,000	14,475
					2,046,283
Puerto Rico - 0.6%
Children's Trust Fund, Call 12/02/24(b)	0.00	%	05/15/57	8,000,000	522,043
Children's Trust Fund, Call 12/02/24(c)	5.50	%	05/15/39	10,000	10,056
					532,099
Rhode Island - 1.0%
Rhode Island Housing & Mortgage Finance Corp., FHA 542(C), Call 04/01/33(d)	4.75	%	10/01/59	500,000	483,552

Rhode Island Housing & Mortgage Finance Corp., FHA 542(C), Call 04/01/33(d)	4.70	%	10/01/54	500,000		484,472
						968,024
South Carolina - 0.6%
South Carolina Jobs-Economic Development Authority, Call 11/15/34(d)	5.75	%	11/15/54	500,000		530,576
South Dakota - 1.2%
South Dakota Housing Development Authority, GNMA, FNMA, FHLMC, Call 05/01/33(d)	6.25	%	11/01/55	1,000,000		1,122,455
Tennessee - 1.2%
Shelby County Health Educational & Housing Facilities Board, Call 12/02/24(d)	5.00	%	12/01/34	85,000		84,465
Shelby County Health Educational & Housing Facilities Board, Call 12/02/24(d)	5.25	%	12/01/44	1,125,000		1,071,310
						1,155,775
Texas - 6.5%
Arlington Higher Education Finance Corp., PSF-GTD, Call 06/15/34(c)(d)	4.25	%	06/15/59	850,000		835,033
Clifton Higher Education Finance Corp., Call 12/02/24(d)	4.40	%	12/01/47	120,000		111,140
County of Medina, SA, Call 09/01/32(d)(e)	5.35	%	09/01/54	1,000,000		961,686
Edinburg Local Government Finance Corp., AGM, Call 03/01/25	5.00	%	03/01/27	40,000		40,177
Fort Bend County Municipal Management District No. 1, AGM, GO, Call 12/02/24	4.00	%	09/01/34	10,000		9,932
Mabank Independent School District, PSF-GTD, GO, Call 08/15/33(c)(d)	4.00	%	08/15/49	500,000		486,523
New Hope Cultural Education Facilities Finance Corp., Call 08/15/25(d)(e)	5.00	%	08/15/50	2,000,000		1,948,100
Newark Higher Education Finance Corp., PSF-GTD, Call 08/15/34(c)(d)	4.25	%	08/15/54	675,000		652,284
Roma Independent School District, PSF-GTD, GO, Call 02/15/34(d)	5.00	%	02/15/49	500,000		534,494
Tarrant County Cultural Education Facilities Finance Corp., Call 12/02/24(d)	4.00	%	05/15/31	45,000		43,243
Van Alstyne Independent School District, PSF-GTD, GO, Call 08/15/34(c)(d)	4.00	%	02/15/54	500,000		479,503
						6,102,115
Utah - 5.2%
SkyRidge Pegasus Infrastructure Financing District, SA, Call 12/01/29(d)(e)	5.25	%	12/01/44	1,000,000		987,854
Utah Housing Corp., GNMA, FNMA, FHLMC, Call 07/01/32(d)	6.25	%	07/01/55	1,500,000		1,685,055
Viridian Farm Public Infrastructure District No. 1, GO, Call 03/01/30(d)(e)	5.88	%	03/01/54	2,255,000		2,261,959
						4,934,868
Virgin Islands - 0%
Virgin Islands Public Finance Authority, NATL, Call 12/02/24(c)	4.25	%	10/01/29	10,000		10,112
Virginia - 1.1%
Virginia Small Business Financing Authority, Call 12/02/24(d)	5.25	%	10/01/29	1,000,000		1,000,699
Washington - 1.5%
Washington Health Care Facilities Authority, Call 11/21/24(d)	5.00	%	07/01/38	500,000		490,908
Washington Health Care Facilities Authority, Call 12/02/24(d)	5.00	%	10/01/44	25,000		24,903
Washington Health Care Facilities Authority, Call 12/02/24(d)	5.00	%	10/01/41	70,000		70,005
Washington Health Care Facilities Authority, Call 12/02/24(d)	5.00	%	10/01/42	100,000		98,470
Washington Health Care Facilities Authority, Call 12/02/24(d)	5.00	%	10/01/38	500,000		500,067
Washington State Housing Finance Commission, Call 01/01/30(c)(d)(e)	5.88	%	01/01/59	250,000		247,972
						1,432,325
West Virginia - 1.3%
City of Huntington, TAR, Call 06/01/32(c)(d)	5.50	%	06/01/49	300,000		303,601
City of Huntington, TAR, Call 06/01/32(c)(d)	5.00	%	06/01/39	400,000		404,006
City of Huntington, TAR, Call 06/01/32(c)(d)	5.63	%	05/01/50	475,000		478,048
						1,185,655
Wisconsin - 3.6%
Public Finance Authority, Call 06/15/29(c)(d)(e)	6.00	%	06/15/64	1,000,000		1,008,604
Public Finance Authority, Call 06/15/29(d)	5.00	%	06/15/39	485,000		493,049
Public Finance Authority, Call 12/01/27(d)(e)	5.00	%	12/01/45	250,000		238,096
Public Finance Authority, Call 12/15/26(e)	5.50	%	12/15/32	250,000		245,659
Public Finance Authority, Call 12/15/32(d)(e)	5.00	%	12/15/54	1,000,000		993,778
University of Wisconsin Hospitals & Clinics, Call 10/31/24, Put 10/31/24(a)(d)	3.65	%	04/01/54	400,000		400,000
						3,379,186
TOTAL MUNICIPAL BONDS & NOTES (Cost $105,454,275)						108,061,845
TOTAL INVESTMENTS - 114.9% (Cost $108,454,275)					$	108,061,845
Assets in Excess of Other Liabilities (14.9)%						(14,020,801	)
TOTAL NET ASSETS - 100.0%					$	94,041,044

Percentages are stated as a percent of net assets.

AGC	Assured Guaranty Corp.
AGM	Assured Guaranty Municipal
BAM	Build America Mutual Assurance Co.
BAM-TCRS	Build America Mutual-Transferable Custodial Receipts
FHLMC	Federal Home Loan Mortgage Corp.
FNMA	Federal National Mortgage Association
GNMA	Government National Mortgage Association
GO	General Obligation
NATL	National Public Financial Guarantee Corp.
PSF-GTD	Permanent School Fund
SA	Special Assessment
STR	Special Tax Revenue
TAR	Tax Allocation Revenue

^(a) Adjustable rate security. Rate disclosed is as of October 31, 2024.

^(b) Zero coupon bond issued at a discount.

^(c) Fixed coupon bond issued at a discount.

^(d) Sinkable security.

^(e) 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.