| Procure Disaster Recovery Strategy ETF | ||||||||
| Schedule of Investments | ||||||||
| July 31, 2024 (Unaudited) | ||||||||
| COMMON STOCKS - 99.5% | Shares | Value | ||||||
Australia - 2.4% | ||||||||
| Broadline Retail - 2.4% | ||||||||
| Wesfarmers, Ltd. | 1,398 | $ | 67,235 | |||||
Canada - 4.7% | ||||||||
| Construction & Engineering - 4.7% | ||||||||
| AtkinsRealis Group, Inc. | 1,485 | 63,938 | ||||||
Stantec, Inc. (a) | 759 | 66,744 | ||||||
130,682 | ||||||||
| Total Canada | 130,682 | |||||||
Finland - 2.2% | ||||||||
| Machinery - 2.2% | ||||||||
| Valmet Oyj | 2,202 | 62,357 | ||||||
Hong Kong - 2.2% | ||||||||
| Commercial Services & Supplies - 2.2% | ||||||||
| China Everbright Environment Group, Ltd. | 133,000 | 60,099 | ||||||
Japan - 7.5% | ||||||||
| IT Services - 5.0% | ||||||||
| Fujitsu, Ltd. | 4,000 | 72,644 | ||||||
| NEC Corp. | 762 | 65,838 | ||||||
138,482 | ||||||||
| Specialty Retail - 2.5% | ||||||||
| Nitori Holdings Co., Ltd. | 580 | 68,867 | ||||||
| Total Japan | 207,349 | |||||||
Netherlands - 5.0% | ||||||||
| Construction & Engineering - 2.5% | ||||||||
| Fugro NV | 2,589 | 68,974 | ||||||
| $ | – | |||||||
| Professional Services - 2.5% | ||||||||
| Arcadis NV | 975 | 69,581 | ||||||
| Total Netherlands | 138,555 | |||||||
Sweden - 4.3% | ||||||||
| Building Products - 2.3% | ||||||||
| Assa Abloy AB - Class B | 2,112 | 64,222 | ||||||
| $ | – | |||||||
| Electronic Equipment, Instruments & Components - 2.0% | ||||||||
| Hexagon AB - Class B | 5,532 | 56,261 | ||||||
| Total Sweden | 120,483 | |||||||
Switzerland - 2.5% | ||||||||
| Machinery - 2.5% | ||||||||
| Sulzer AG | 465 | 69,096 | ||||||
United Kingdom - 12.1% | ||||||||
| Aerospace & Defense - 2.3% | ||||||||
| Babcock International Group PLC | 9,234 | 62,980 | ||||||
| $ | – | |||||||
| Construction & Engineering - 2.7% | ||||||||
| Balfour Beatty PLC | 14,151 | 76,559 | ||||||
| $ | – | |||||||
| Energy Equipment & Services - 2.4% | ||||||||
John Wood Group PLC (a) | 25,005 | 65,520 | ||||||
| $ | – | |||||||
| Machinery - 2.3% | ||||||||
| CNH Industrial NV | 6,024 | 64,156 | ||||||
| $ | – | |||||||
| Specialty Retail - 2.4% | ||||||||
| Kingfisher PLC | 19,188 | 68,097 | ||||||
| Total United Kingdom | 337,312 | |||||||
United States - 56.6%(b) | ||||||||
| Chemicals - 2.2% | ||||||||
| Ecolab, Inc. | 261 | 60,210 | ||||||
| $ | – | |||||||
| Commercial Services & Supplies - 2.3% | ||||||||
| Tetra Tech, Inc. | 297 | 63,332 | ||||||
| $ | – | |||||||
| Construction & Engineering - 11.8% | ||||||||
| AECOM | 714 | 64,696 | ||||||
Fluor Corp. (a) | 1,413 | 67,965 | ||||||
| Granite Construction, Inc. | 1,002 | 68,597 | ||||||
Great Lakes Dredge & Dock Corp. (a) | 6,819 | 64,303 | ||||||
Sterling Infrastructure, Inc. (a) | 531 | 61,787 | ||||||
327,348 | ||||||||
| Electrical Equipment - 7.1% | ||||||||
| Eaton Corp PLC | 192 | 58,520 | ||||||
| EnerSys | 594 | 65,298 | ||||||
Generac Holdings, Inc. (a) | 462 | 71,924 | ||||||
195,742 | ||||||||
| Machinery - 12.1% | ||||||||
| Allison Transmission Holdings, Inc. | 843 | 74,681 | ||||||
| Cummins, Inc. | 231 | 67,406 | ||||||
| Oshkosh Corp. | 588 | 63,886 | ||||||
| REV Group, Inc. | 2,385 | 69,594 | ||||||
| Xylem, Inc. | 447 | 59,675 | ||||||
335,242 | ||||||||
| Professional Services - 7.3% | ||||||||
| ICF International, Inc. | 447 | 65,754 | ||||||
| Jacobs Solutions, Inc. | 450 | 65,858 | ||||||
NV5 Global, Inc. (a) | 681 | 70,238 | ||||||
201,850 | ||||||||
| Semiconductors & Semiconductor Equipment - 2.0% | ||||||||
| NVIDIA Corp. | 483 | 56,521 | ||||||
| $ | – | |||||||
| Software - 2.7% | ||||||||
Tyler Technologies, Inc. (a) | 132 | 74,990 | ||||||
| $ | – | |||||||
| Specialty Retail - 6.6% | ||||||||
Floor & Decor Holdings, Inc. - Class A (a) | 516 | 50,568 | ||||||
| Home Depot, Inc. | 180 | 66,269 | ||||||
| Lowe's Cos., Inc. | 276 | 67,761 | ||||||
184,598 | ||||||||
| Trading Companies & Distributors - 2.5% | ||||||||
SiteOne Landscape Supply, Inc. (a) | 474 | 69,526 | ||||||
| Total United States | 1,569,359 | |||||||
TOTAL COMMON STOCKS (Cost $2,172,002) | 2,762,527 | |||||||
| SHORT-TERM INVESTMENTS - 0.4% | Shares | Value | ||||||
| Money Market Funds - 0.4% | ||||||||
First American Government Obligations Fund - Class X, 5.23% (c) | 9,892 | 9,892 | ||||||
TOTAL SHORT-TERM INVESTMENTS (Cost $9,892) | 9,892 | |||||||
TOTAL INVESTMENTS - 99.9% (Cost $2,181,894) | 2,772,419 | |||||||
Money Market Deposit Account - 0.0% (d) | 369 | |||||||
| Other Assets in Excess of Liabilities - 0.1% | 1,645 | |||||||
| TOTAL NET ASSETS - 100.0% | $ | 2,774,433 | ||||||
| Percentages are stated as a percent of net assets. | ||||||||
The Global Industry Classification Standard ("GICS®") was developed by and/or is the exclusive property of MSCI, Inc. ("MSCI") and Standard & Poor’s Financial Services LLC (“S&P”). GICS® is a service mark of MSCI and S&P and has been licensed for use by U.S. Bank Global Fund Services. | ||||||||
| AG - Aktiengesellschaft |
| NV - Naamloze Vennootschap |
| PLC - Public Limited Company |
| (a) | Non-income producing security. |
| (b) | To the extent that the Fund invests a significant portion of its assets in the securities of companies of a single country or region, it is more likely to be impacted by events or conditions affecting the country or region. |
| (c) | The rate shown represents the 7-day annualized effective yield as of July 31, 2024. |
| (d) | The U.S. Bank Money Market Deposit Account (the “MMDA”) is a short-term vehicle in which the Fund holds cash balances. The MMDA will bear interest at a variable rate that is determined based on market conditions and is subject to change daily. The rate as of July 31, 2024 was 4.21%. |
Summary of Fair Value Disclosure as of July 31, 2024 (Unaudited)
Procure Disaster Recovery Strategy ETF has adopted authoritative fair value accounting standards which establish an authoritative definition of fair value and set out a hierarchy for measuring fair value. These standards require additional disclosures about the various inputs and valuation techniques used to develop the measurements of fair value, a discussion of changes in valuation techniques and related inputs during the period, and expanded disclosure of valuation levels for major security types. These inputs are summarized in the three broad levels listed below. The inputs or methodology used for valuing securities are not an indication of the risk associated with investing in those securities.
Level 1 - Unadjusted quoted prices in active markets for identical assets or liabilities that the Fund has the ability to access.
Level 2 - Observable inputs other than quoted prices included in Level 1 that are observable for the asset or liability, either directly or indirectly. These inputs may include quoted prices for the identical instrument on an inactive market, prices for similar instruments, interest rates, prepayment speeds, credit risk, yield curves, default rates and similar data.
Level 3 - Unobservable inputs for the asset or liability, to the extent relevant observable inputs are not available, representing the Fund’s own assumptions about the assumptions a market participant would use in valuing the asset or liability, and would be based on the best information available.
The following is a summary of the fair valuation hierarchy of the Fund’s securities as of July 31, 2024:
Level 1 | Level 2 | Level 3 | Total | |||||||||||||
Investments: | ||||||||||||||||
| Common Stocks | $ | 2,762,527 | $ | – | $ | – | $ | 2,762,527 | ||||||||
| Money Market Funds | 9,892 | – | – | 9,892 | ||||||||||||
| Total Investments | $ | 2,772,419 | $ | – | $ | – | $ | 2,772,419 | ||||||||
| Refer to the Schedule of Investments for further disaggregation of investment categories. | ||||||||||||||||