Ned Davis Research 360º Dynamic Allocation ETF
Schedule of Investments
December 31, 2024 (Unaudited)
| EXCHANGE TRADED ETFS - 99.6% | Shares | Value | ||||||
| Vanguard Growth ETF | 774 | $ | 317,681 | |||||
| Vanguard S&P 500 ETF | 588 | 316,820 | ||||||
| iShares Core S&P Small-Cap ETF | 1,653 | 190,459 | ||||||
| abrdn Bloomberg All Commodity Strategy K-1 Free ETF | 9,031 | 178,362 | ||||||
| iShares Core U.S. Value ETF | 1,659 | 153,607 | ||||||
| iShares Broad USD High Yield Corporate Bond ETF | 1,409 | 51,837 | ||||||
| Vanguard Intermediate-Term Corporate Bond ETF | 528 | 42,383 | ||||||
| iShares Core MSCI EAFE ETF | 540 | 37,951 | ||||||
| iShares JP Morgan USD Emerging Markets Bond ETF | 379 | 33,746 | ||||||
| Vanguard Short-Term Treasury ETF | 301 | 17,512 | ||||||
| iShares 20+ Year Treasury Bond ETF | 189 | 16,505 | ||||||
| Vanguard Total International Bond ETF | 171 | 8,388 | ||||||
| TOTAL EXCHANGE TRADED ETFS (Cost $1,397,289) | 1,365,251 | |||||||
| SHORT-TERM INVESTMENTS - 0.4% | ||||||||
| Money Market Funds - 0.4% | ||||||||
| First American Government Obligations Fund - Class X, 4.41% (a) | 4,807 | 4,807 | ||||||
| TOTAL SHORT-TERM INVESTMENTS (Cost $4,807) | 4,807 | |||||||
| TOTAL INVESTMENTS - 100.0% (Cost $1,402,096) | 1,370,058 | |||||||
| Other Assets in Excess of Liabilities - (0.0)% (b) | (387 | ) | ||||||
| TOTAL NET ASSETS - 100.0% | $ | 1,369,671 | ||||||
Percentages are stated as a percent of net assets.
| (a) | The rate shown represents the 7-day annualized effective yield as of December 31, 2024. |
| (b) | Represents less than 0.05% of net assets. |
The accompanying notes are an integral part of these financial statements.
