SoFi Weekly Income ETF | |||||||
SCHEDULE OF INVESTMENTS at November 30, 2022 (Unaudited) | |||||||
Prinicpal Amount | Value | ||||||
Asset Backed Securities - 3.6% | |||||||
AB Issuer, LLC, Series 2021-1, Class A2 | |||||||
3.734% , 07/30/2051 | $ | 89,325 | $ | 72,459 | |||
Applebee’s Funding, LLC / IHOP Funding, LLC, Series 2019-1A, Class A2I | |||||||
4.194% , 06/05/2049 | 198,000 | 188,067 | |||||
DB Master Finance, LLC, Series 2021-1A, Class A2I | |||||||
2.045% , 11/20/2051 | 79,200 | 68,161 | |||||
Hardee’s Funding, LLC, Series 2021-1A, Class A2 | |||||||
2.865% , 06/20/2051 | 148,125 | 117,827 | |||||
ITE Rail Fund Levered L.P., Series 2021-1A, Class A | |||||||
2.250% , 02/28/2051 | 91,665 | 75,738 | |||||
Planet Fitness Master Issuer, LLC, Series 2022-1A, Class A2I | |||||||
3.251% , 12/05/2051 | 74,625 | 65,005 | |||||
ServiceMaster Funding, LLC, Series 2020-1, Class A2II | |||||||
3.337% , 01/30/2051 | 112,988 | 85,395 | |||||
SERVPRO Master Issuer, LLC, Series 2021-1A, Class A2 | |||||||
2.394% , 04/25/2051 | 124,110 | 97,409 | |||||
Wendy’s Funding, LLC, Series 2021-1A, Class A2II | |||||||
2.775% , 06/15/2051 | 98,750 | 76,642 | |||||
Total Asset Backed Securities | |||||||
(Cost $1,006,649) | 846,703 | ||||||
Corporate Bonds - 91.5% | |||||||
Advertising - 0.3% | |||||||
Lamar Media Corp. | |||||||
3.750% , 02/15/2028 | 72,000 | 65,157 | |||||
Aerospace & Defense - 3.0% | |||||||
The Boeing Co. | |||||||
2.196% , 02/04/2026 | 130,000 | 118,229 | |||||
Bombardier, Inc. | |||||||
7.875% , 04/15/2027 | 125,000 | 123,150 | |||||
Howmet Aerospace, Inc. | |||||||
6.875% , 05/01/2025 | 222,000 | 227,074 | |||||
Spirit AeroSystems, Inc. | |||||||
3.850% , 06/15/2026 | 130,000 | 116,394 | |||||
TransDigm, Inc. | |||||||
6.250% , 03/15/2026 | 122,000 | 121,555 | |||||
706,402 | |||||||
Agriculture - 0.7% | |||||||
BAT International Finance PLC | |||||||
4.448% , 03/16/2028 | 78,000 | 72,723 | |||||
Vector Group Ltd. | |||||||
5.750% , 02/01/2029 | 120,000 | 104,376 | |||||
177,099 | |||||||
Airlines - 1.8% | |||||||
Delta Air Lines, Inc. | |||||||
7.375% , 01/15/2026 | 161,000 | 166,543 | |||||
Mileage Plus Holdings, LLC / Mileage Plus Intellectual Property Assets Ltd. | |||||||
6.500% , 06/20/2027 | 226,100 | 225,251 | |||||
United Airlines, Inc. | |||||||
4.375% , 04/15/2026 | 44,000 | 41,009 | |||||
432,803 | |||||||
Apparel - 0.7% | |||||||
Hanesbrands, Inc. | |||||||
4.875% , 05/15/2026 | 188,000 | 171,354 | |||||
Auto Manufacturers - 2.2% | |||||||
Allison Transmission, Inc. | |||||||
4.750% , 10/01/2027 | 150,000 | 139,280 | |||||
Ford Motor Credit Co, LLC | |||||||
3.664% , 09/08/2024 | 400,000 | 384,514 | |||||
523,794 | |||||||
Auto Parts & Equipment - 1.0% | |||||||
Dana, Inc. | |||||||
5.375% , 11/15/2027 | 144,000 | 132,108 | |||||
The Goodyear Tire & Rubber Co. | |||||||
4.875% , 03/15/2027 (7) | 111,000 | 103,968 | |||||
236,076 | |||||||
Banks - 3.3% | |||||||
Barclays PLC | |||||||
5.304% (3 Month LIBOR USD - 2.3000%), 08/09/2026 (1)(2) | 200,000 | 196,779 | |||||
Citizens Financial Group, Inc. | |||||||
6.000% (3 Month LIBOR USD - 3.003%), 07/6/2023 (1)(2)(3) | 189,000 | 173,855 | |||||
Credit Suisse AG | |||||||
0.495% , 02/02/2024 | 250,000 | 228,438 | |||||
NatWest Group PLC | |||||||
6.000% (5 Year CMT Rate + 5.625%), 12/29/2025 (1)(2)(3) | 200,000 | 183,500 | |||||
782,572 | |||||||
Building Materials - 1.1% | |||||||
Eco Material Technologies, Inc. | |||||||
7.875% , 01/31/2027 | 129,000 | 122,911 | |||||
Smyrna Ready Mix Concrete, LLC | |||||||
6.000% , 11/01/2028 | 146,000 | 130,206 | |||||
253,117 | |||||||
Chemicals - 1.3% | |||||||
Celanese US Holdings, LLC | |||||||
5.900% , 07/05/2024 | 84,000 | 83,516 | |||||
The Chemours Co. | |||||||
4.625% , 11/15/2029 | 56,000 | 45,185 | |||||
Methanex Corp. | |||||||
4.250% , 12/01/2024 | 71,000 | 68,763 | |||||
Olin Corp. | |||||||
5.125% , 09/15/2027 (7) | 124,000 | 116,383 | |||||
313,847 | |||||||
Commercial Services - 2.9% | |||||||
Allied Universal Holdco LLC / Allied Universal Finance Corp. | |||||||
6.625% , 07/15/2026 | 133,000 | 126,588 | |||||
Block, Inc. | |||||||
2.750% , 06/01/2026 | 133,000 | 119,023 | |||||
The Brink’s Co. | |||||||
4.625% , 10/15/2027 | 149,000 | 137,162 | |||||
Global Payments, Inc. | |||||||
4.950% , 08/15/2027 | 120,000 | 116,797 | |||||
United Rentals North America, Inc. | |||||||
5.500% , 05/15/2027 | 66,000 | 65,194 | |||||
6.000% , 12/15/2029 | 110,000 | 110,760 | |||||
675,524 | |||||||
Computers - 0.6% | |||||||
KBR, Inc. | |||||||
4.750% , 09/30/2028 | 150,000 | 133,309 | |||||
Distribution & Wholesale - 0.2% | |||||||
H&E Equipment Services, Inc. | |||||||
3.875% , 12/15/2028 | 67,000 | 58,015 | |||||
Diversified Financial Services - 9.2% | |||||||
AerCap Holdings N.V. | |||||||
5.875% (5 Year CMT Rate + 4.535%), 10/10/2079 (1)(2) | 238,000 | 220,921 | |||||
Aircastle Ltd. | |||||||
4.250% , 06/15/2026 | 63,000 | 58,776 | |||||
Avolon Holdings Funding Ltd. | |||||||
4.250% , 04/15/2026 | 167,000 | 151,623 | |||||
BGC Partners, Inc. | |||||||
4.375% , 12/15/2025 | 89,000 | 83,647 | |||||
Castlelake Aviation Finance DAC | |||||||
5.000% , 04/15/2027 | 94,000 | 80,057 | |||||
The Depository Trust & Clearing Corp. | |||||||
3.375% (5 Year CMT Rate + 2.606%), 06/20/2026 (1)(2)(3) | 250,000 | 191,580 | |||||
Navient Corp. | |||||||
5.500% , 01/25/2023 | 323,000 | 322,557 | |||||
6.125% , 03/25/2024 | 60,000 | 59,856 | |||||
6.750% , 06/15/2026 | 159,000 | 151,716 | |||||
OneMain Finance Corp. | |||||||
7.125% , 03/15/2026 | 80,000 | 77,600 | |||||
3.500% , 01/15/2027 | 317,000 | 260,222 | |||||
Oxford Finance LLC / Oxford Finance Co-Issuer II, Inc. | |||||||
6.375% , 02/01/2027 | 135,000 | 126,137 | |||||
Rocket Mortgage LLC / Rocket Mortgage Co-Issuer, Inc. | |||||||
2.875% , 10/15/2026 | 217,000 | 185,300 | |||||
SLM Corp. | |||||||
4.200% , 10/29/2025 | 56,000 | 51,475 | |||||
United Wholesale Mortgage, LLC | |||||||
5.500% , 11/15/2025 | 155,000 | 143,850 | |||||
2,165,317 | |||||||
Electric - 1.6% | |||||||
FirstEnergy Corp. | |||||||
1.600% , 01/15/2026 | 56,000 | 49,607 | |||||
NextEra Energy Operating Partners L.P. | |||||||
4.250% , 09/15/2024 | 180,000 | 170,359 | |||||
3.875% , 10/15/2026 | 80,000 | 75,182 | |||||
TransAlta Corp. | |||||||
7.750% , 11/15/2029 | 70,000 | 72,003 | |||||
367,151 | |||||||
Electrical Components & Equipment - 0.8% | |||||||
EnerSys | |||||||
4.375% , 12/15/2027 | 222,000 | 198,018 | |||||
Electronics - 0.3% | |||||||
Flex Ltd. | |||||||
6.000% , 01/15/2028 | 70,000 | 69,351 | |||||
Entertainment - 0.7% | |||||||
Caesars Entertainment, Inc. | |||||||
6.250% , 07/01/2025 | 163,000 | 161,317 | |||||
Environmental Control - 1.0% | |||||||
Stericycle, Inc. | |||||||
5.375% , 07/15/2024 | 239,000 | 236,491 | |||||
Healthcare - Products - 0.7% | |||||||
Garden Spinco Corp. | |||||||
8.625% , 07/20/2030 | 58,000 | 61,640 | |||||
Hologic, Inc. | |||||||
3.250% , 02/15/2029 | 114,000 | 100,340 | |||||
161,980 | |||||||
Healthcare - Services - 2.2% | |||||||
Centene Corp. | |||||||
2.450% , 07/15/2028 | 82,000 | 69,042 | |||||
Encompass Health Corp. | |||||||
4.500% , 02/01/2028 | 100,000 | 90,072 | |||||
HCA, Inc. | |||||||
5.375% , 02/01/2025 | 206,000 | 205,757 | |||||
Tenet Healthcare Corp. | |||||||
4.625% , 07/15/2024 | 42,000 | 41,160 | |||||
5.125% , 11/01/2027 | 124,000 | 116,906 | |||||
522,937 | |||||||
Home Builders - 1.0% | |||||||
Ashton Woods USA LLC / Ashton Woods Finance Co. | |||||||
4.625% , 04/01/2030 | 78,000 | 60,200 | |||||
LGI Homes, Inc. | |||||||
4.000% , 07/15/2029 | 111,000 | 84,000 | |||||
Tri Pointe Homes, Inc. | |||||||
5.700% , 06/15/2028 | 111,000 | 100,322 | |||||
244,522 | |||||||
Insurance - 1.8% | |||||||
NMI Holdings, Inc. | |||||||
7.375% , 06/01/2025 | 283,000 | 284,861 | |||||
SBL Holdings, Inc. | |||||||
5.125% , 11/13/2026 | 172,000 | 150,435 | |||||
435,296 | |||||||
Internet - 1.2% | |||||||
Gen Digital, Inc. | |||||||
5.000% , 04/15/2025 | 101,000 | 98,094 | |||||
Uber Technologies, Inc. | |||||||
7.500% , 05/15/2025 | 111,000 | 111,841 | |||||
8.000% , 11/01/2026 | 63,000 | 63,803 | |||||
273,738 | |||||||
Investment Companies - 5.9% | |||||||
Bain Capital Specialty Finance, Inc. | |||||||
2.950% , 03/10/2026 | 127,000 | 109,941 | |||||
Blackstone Private Credit Fund | |||||||
2.625% , 12/15/2026 | 222,000 | 188,747 | |||||
Icahn Enterprises LP / Icahn Enterprises Finance Corp. | |||||||
4.750% , 09/15/2024 | 200,000 | 192,745 | |||||
5.250% , 05/15/2027 | 50,000 | 46,110 | |||||
Oaktree Specialty Lending Corp. | |||||||
2.700% , 01/15/2027 | 133,000 | 115,929 | |||||
OWL Rock Core Income Corp. | |||||||
4.700% , 02/08/2027 | 189,000 | 171,121 | |||||
Owl Rock Technology Finance Corp. | |||||||
4.750% , 12/15/2025 | 328,000 | 297,994 | |||||
Prospect Capital Corp. | |||||||
5.875% , 03/15/2023 | 143,000 | 142,625 | |||||
Sixth Street Specialty Lending, Inc. | |||||||
3.875% , 11/01/2024 | 128,000 | 122,418 | |||||
1,387,630 | |||||||
Iron & Steel - 1.1% | |||||||
Cleveland-Cliffs, Inc. | |||||||
5.875% , 06/01/2027 | 122,000 | 115,645 | |||||
Mineral Resources Ltd. | |||||||
8.125% , 05/01/2027 | 67,000 | 67,912 | |||||
8.000% , 11/01/2027 | 72,000 | 74,059 | |||||
257,616 | |||||||
Leisure Time - 1.1% | |||||||
Carnival Corp. | |||||||
7.625% , 03/01/2026 (7) | 139,000 | 117,379 | |||||
NCL Corp. Ltd. | |||||||
5.875% , 02/15/2027 | 78,000 | 69,551 | |||||
Royal Caribbean Cruises Ltd. | |||||||
4.250% , 07/01/2026 | 100,000 | 83,015 | |||||
269,945 | |||||||
Lodging - 0.3% | |||||||
Hilton Worldwide Finance LLC / Hilton Worldwide Finance Corp. | |||||||
4.875% , 04/01/2027 | 63,000 | 60,669 | |||||
Media - 6.4% | |||||||
AMC Networks, Inc. | |||||||
5.000% , 04/01/2024 | 237,000 | 226,560 | |||||
CCO Holdings LLC / CCO Holdings Capital Corp. | |||||||
5.125% , 05/01/2027 | 198,000 | 187,628 | |||||
6.375% , 09/01/2029 (7) | 75,000 | 71,540 | |||||
CSC Holdings, LLC | |||||||
5.250% , 06/01/2024 | 212,000 | 204,540 | |||||
DISH DBS Corp. | |||||||
5.000% , 03/15/2023 | 103,000 | 102,356 | |||||
5.875% , 11/15/2024 | 37,000 | 35,209 | |||||
5.250% , 12/01/2026 | 128,000 | 110,128 | |||||
Gray Television, Inc. | |||||||
7.000% , 05/15/2027 | 120,000 | 110,475 | |||||
Midcontinent Communications / Midcontinent Finance Corp. | |||||||
5.375% , 08/15/2027 | 65,000 | 59,871 | |||||
Radiate Holdco LLC / Radiate Finance, Inc. | |||||||
4.500% , 09/15/2026 | 130,000 | 106,545 | |||||
Sirius XM Radio, Inc. | |||||||
3.125% , 09/01/2026 | 111,000 | 100,349 | |||||
4.000% , 07/15/2028 | 176,000 | 155,728 | |||||
Univision Communications, Inc. | |||||||
4.500% , 05/01/2029 | 56,000 | 47,737 | |||||
1,518,666 | |||||||
Metal Fabricate & Hardware - 0.5% | |||||||
Advanced Drainage Systems, Inc. | |||||||
6.375% , 06/15/2030 | 124,000 | 119,485 | |||||
Mining - 0.4% | |||||||
Hudbay Minerals, Inc. | |||||||
4.500% , 04/01/2026 | 111,000 | 100,657 | |||||
Oil & Gas - 5.1% | |||||||
CNX Resources Corp. | |||||||
7.375% , 01/15/2031 | 70,000 | 70,122 | |||||
EQT Corp. | |||||||
6.125% , 02/01/2025 (4) | 237,000 | 238,001 | |||||
Laredo Petroleum, Inc. | |||||||
9.500% , 01/15/2025 | 100,000 | 100,147 | |||||
Occidental Petroleum Corp. | |||||||
5.139%, 10/10/2036 (5)(6) | 264,000 | 134,100 | |||||
Parkland Corp. | |||||||
5.875% , 07/15/2027 | 150,000 | 144,000 | |||||
Range Resources Corp. | |||||||
4.875% , 05/15/2025 | 165,000 | 160,100 | |||||
Southwestern Energy Co. | |||||||
5.700% , 01/23/2025 (4) | 122,000 | 120,909 | |||||
Strathcona Resources Ltd/Alberta | |||||||
6.875% , 08/01/2026 | 126,000 | 107,308 | |||||
Sunoco LP / Sunoco Finance Corp. | |||||||
6.000% , 04/15/2027 | 133,000 | 131,276 | |||||
1,205,963 | |||||||
Oil & Gas Services - 0.5% | |||||||
Enerflex Ltd. | |||||||
9.000% , 10/15/2027 | 109,000 | 107,815 | |||||
Packaging & Containers - 4.5% | |||||||
Berry Global, Inc. | |||||||
4.875% , 07/15/2026 | 300,000 | 288,234 | |||||
Crown Americas LLC / Crown Americas Capital Corp VI | |||||||
4.750% , 02/01/2026 | 150,000 | 145,456 | |||||
Graphic Packaging International, LLC | |||||||
1.512% , 04/15/2026 | 162,000 | 140,978 | |||||
LABL, Inc. | |||||||
6.750% , 07/15/2026 | 206,000 | 197,001 | |||||
OI European Group BV | |||||||
4.750% , 02/15/2030 | 67,000 | 57,925 | |||||
Sealed Air Corp. | |||||||
5.500% , 09/15/2025 | 183,000 | 181,828 | |||||
Silgan Holdings, Inc. | |||||||
4.125% , 02/01/2028 | 56,000 | 52,643 | |||||
1,064,065 | |||||||
Pharmaceuticals - 1.3% | |||||||
Teva Pharmaceutical Finance Netherlands III BV | |||||||
2.800% , 07/21/2023 | 242,000 | 236,295 | |||||
3.150% , 10/01/2026 | 92,000 | 80,143 | |||||
316,438 | |||||||
Pipelines - 7.1% | |||||||
Buckeye Partners L.P. | |||||||
4.125% , 03/01/2025 | 50,000 | 48,077 | |||||
3.950% , 12/01/2026 | 172,000 | 152,065 | |||||
DCP Midstream L.P. | |||||||
7.375% (3 Month LIBOR USD + 5.148%), 12/15/2022 (1)(2)(3) | 56,000 | 56,151 | |||||
DCP Midstream Operating L.P. | |||||||
5.375% , 07/15/2025 | 217,000 | 214,584 | |||||
Enterprise Products Operating, LLC | |||||||
7.630% (3 Month LIBOR USD + 2.986%), 08/16/2077 (1) | 193,000 | 177,261 | |||||
EQM Midstream Partners L.P. | |||||||
4.125% , 12/01/2026 | 78,000 | 71,783 | |||||
Genesis Energy LP / Genesis Energy Finance Corp. | |||||||
6.500% , 10/01/2025 | 100,000 | 96,424 | |||||
Global Partners LP / GLP Finance Corp. | |||||||
7.000% , 08/01/2027 | 72,000 | 68,342 | |||||
Hess Midstream Operations L.P. | |||||||
5.125% , 06/15/2028 | 161,000 | 151,743 | |||||
MPLX L.P. | |||||||
6.875% (3 Month LIBOR USD + 4.652%) , 02/15/2023 (1)(2)(3) | 95,000 | 94,352 | |||||
New Fortress Energy, Inc. | |||||||
6.500% , 09/30/2026 | 163,000 | 157,751 | |||||
NuStar Logistics L.P. | |||||||
5.750% , 10/01/2025 | 239,000 | 232,704 | |||||
Western Midstream Operating L.P. | |||||||
3.950% , 06/01/2025 | 167,000 | 160,197 | |||||
1,681,434 | |||||||
Real Estate - 0.5% | |||||||
Newmark Group, Inc. | |||||||
6.125% , 11/15/2023 | 124,000 | 123,840 | |||||
Real Estate Investment Trusts (REITs) - 4.5% | |||||||
Blackstone Mortgage Trust, Inc. | |||||||
3.750% , 01/15/2027 | 106,000 | 92,544 | |||||
EPR Properties | |||||||
4.750% , 12/15/2026 | 200,000 | 178,533 | |||||
iStar, Inc. | |||||||
4.750% , 10/01/2024 | 138,000 | 135,953 | |||||
MPT Operating Partnership LP / MPT Finance Corp. | |||||||
5.000% , 10/15/2027 (7) | 248,000 | 212,046 | |||||
Starwood Property Trust, Inc. | |||||||
3.750% , 12/31/2024 | 56,000 | 52,980 | |||||
4.750% , 03/15/2025 | 111,000 | 106,422 | |||||
VICI Properties LP / VICI Note Co., Inc. | |||||||
3.750% , 02/15/2027 | 311,000 | 280,959 | |||||
1,059,437 | |||||||
Retail - 3.9% | |||||||
Academy Ltd. | |||||||
6.000% , 11/15/2027 | 120,000 | 113,799 | |||||
Asbury Automotive Group, Inc. | |||||||
4.500% , 03/01/2028 | 156,000 | 141,383 | |||||
Bath & Body Works, Inc. | |||||||
6.694% , 01/15/2027 | 157,000 | 153,340 | |||||
FirstCash, Inc. | |||||||
4.625% , 09/01/2028 | 130,000 | 114,593 | |||||
Group 1 Automotive, Inc. | |||||||
4.000% , 08/15/2028 | 144,000 | 122,321 | |||||
Macy’s Retail Holdings, LLC | |||||||
5.875% , 03/15/2030 | 86,000 | 77,731 | |||||
QVC, Inc. | |||||||
4.850% , 04/01/2024 | 93,000 | 88,654 | |||||
4.750% , 02/15/2027 | 144,000 | 108,360 | |||||
920,181 | |||||||
Semiconductors - 1.0% | |||||||
Amkor Technology, Inc. | |||||||
6.625% , 09/15/2027 | 239,000 | 238,070 | |||||
Software - 0.6% | |||||||
Consensus Cloud Solutions, Inc. | |||||||
6.000% , 10/15/2026 | 164,000 | 151,744 | |||||
Telecommunications - 6.4% | |||||||
Altice France SA | |||||||
8.125% , 02/01/2027 | 200,000 | 190,793 | |||||
Frontier Communications Holdings, LLC | |||||||
5.875% , 10/15/2027 | 121,000 | 115,289 | |||||
Level 3 Financing, Inc. | |||||||
4.250% , 07/01/2028 | 211,000 | 165,459 | |||||
Lumen Technologies, Inc. | |||||||
5.125% , 12/15/2026 | 63,000 | 53,960 | |||||
4.000% , 02/15/2027 | 171,000 | 145,996 | |||||
Nokia Oyj | |||||||
4.375% , 06/12/2027 | 258,000 | 244,261 | |||||
Quebecor Media, Inc. | |||||||
5.750% , 01/15/2023 | 128,000 | 128,033 | |||||
Sprint, LLC | |||||||
7.875% , 09/15/2023 | 323,000 | 330,410 | |||||
T-Mobile USA, Inc. | |||||||
2.250% , 02/15/2026 | 157,000 | 143,940 | |||||
1,518,141 | |||||||
Toys, Games, & Hobbies - 0.8% | |||||||
Mattel, Inc. | |||||||
3.375% , 04/01/2026 | 194,000 | 178,382 | |||||
Total Corporate Bonds | |||||||
(Cost $22,944,938) | 21,645,365 | ||||||
Mortgage Backed Securities - 1.0% | |||||||
Federal Home Loan Mortgage Corporation REMICS | |||||||
4.000% , 07/15/2047 | 116,259 | 19,731 | |||||
Federal National Mortgage Association Interest Strips | |||||||
5.000% , 01/25/2043 | 564,833 | 103,894 | |||||
4.000% , 01/25/2048 | 400,713 | 51,135 | |||||
Federal National Mortgage Association REMICS | |||||||
3.000% , 03/25/2028 | 953,392 | 48,427 | |||||
5.000% , 07/25/2046 | 74,854 | 12,542 | |||||
0.574% (SOFR +1.5000%), 05/25/2051 (1) | 283,992 | 655 | |||||
Total Mortgage Backed Securities | |||||||
(Cost $179,462) | 236,384 | ||||||
Municipal Bonds - 0.4% | |||||||
State of Illinois | |||||||
4.950% , 06/01/2023 | 86,999 | 86,981 | |||||
Total Municipal Bonds | |||||||
(Cost $87,259) | 86,981 | ||||||
United States Treasury Obligations - 1.0% | |||||||
United States Treasury Bills - 1.0% | |||||||
United States Cash Management Bill | |||||||
3.636%, 01/31/2023 (5)(6) | 244,000 | 242,305 | |||||
Total United States Treasury Obligations | |||||||
(Cost $242,514) | 242,305 | ||||||
Shares | |||||||
Preferred Stocks - 1.2% | |||||||
Banks - 0.8% | |||||||
U.S. Bancorp | |||||||
3.750% , 01/15/2026 (3) | 12,000 | 202,800 | |||||
Diversified Financial Services - 0.4% | |||||||
Brookfield Finance, Inc. | |||||||
4.625% , 10/16/2080 | 5,000 | 84,550 | |||||
Total Preferred Stocks | |||||||
(Cost $395,823) | 287,350 | ||||||
Short-Term Invesments - 0.8% | |||||||
Money Market Funds - 0.8% | |||||||
First American Government Obligations Fund, Class X, 3.668% (8) | 178,082 | 178,082 | |||||
Total Short-Term Investments | |||||||
(Cost $178,082) | 178,082 | ||||||
Investments Purchased with Collateral from Securities Lending - 2.5% | |||||||
Mount Vernon Liquid Assets Portfolio, LLC, 4.070% (8) | 602,102 | 602,102 | |||||
Total Investments Purchased with Collateral from Securities Lending | |||||||
(Cost $602,102) | 602,102 | ||||||
Total Investments in Securities - 102.0% | |||||||
(Cost $25,636,829) | 24,125,272 | ||||||
Liabilities in Excess of Other Assets - (2.0)% | (461,570) | ||||||
Total Net Assets - 100.0% | $ | 23,663,702 |
CMT | Constant Maturity Treasury Rate | |||
LIBOR | London Interbank Offered Rate | |||
SOFR | Secured Overnight Financing Rate | |||
USD | United States Dollar | |||
(1) | Variable rate security; rate shown is the rate in effect on November 30, 2022. An index may have a negative rate. Interest rate may also be subject to a ceiling or floor. | |||
(2) | Fixed-to-variable or fixed-to-float bond; rate shown is the rate in effect on November 30, 2022. An index mayhave a negative rate. Interest rate may also be subject to a ceiling or floor. | |||
(3) | Perpetual call date security. Date shown is next call date. | |||
(4) | Step-up bond; the interest rate shown is the rate in effect as of November 30, 2022. | |||
(5) | Rate represents the annualized effective yield to maturity from the purchase price. | |||
(6) | Zero coupon security. | |||
(7) | This security or a portion of this security was out on loan as of November 30, 2022. Total loaned securities had a value of $596,448 or 2.5% of net assets. The remaining contractual maturity of all of the securities lending transactions is overnight and continuous. | |||
(8) | The rate shown is the annualized seven-day effective yield as of November 30, 2022. |
Summary of Fair Value Exposure at November 30, 2022 (Unaudited) | |||||||||
The SoFi Weekly Income ETF (the “Fund”) utilizes various methods to measure the fair value of its investments on a recurring basis. U.S. GAAP establishes a hierarchy that prioritizes inputs to valuation methods. The three levels of inputs are: | |||||||||
• 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 spreads, 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 inputs used to value the Fund’s investments as of November 30, 2022: |
Description | Investments Measured at Net Asset Value | Level 1 | Level 2 | Level 3 | Total | ||||||||||||||
Asset Backed Securities | $ | – | $ | – | $ | 846,703 | $ | – | $ | 846,703 | |||||||||
Corporate Bonds (1) | - | - | 21,645,365 | - | 21,645,365 | ||||||||||||||
Mortgage Backed Securities | - | - | 236,384 | - | 236,384 | ||||||||||||||
Municipal Bonds | - | - | 86,981 | - | 86,981 | ||||||||||||||
United States Treasury Obligations | - | - | 242,305 | - | 242,305 | ||||||||||||||
Preferred Stocks (1) | - | 287,350 | - | - | 287,350 | ||||||||||||||
Short-Term Investments | - | 178,082 | - | - | 178,082 | ||||||||||||||
Investments Purchased With Collateral From Securities Lending (2) | 602,102 | - | - | - | 602,102 | ||||||||||||||
Total Investments in Securities | $ | 602,102 | $ | 465,432 | $ | 23,057,738 | $ | – | $ | 24,125,272 | |||||||||
(1) See Schedule of Investments for industry breakout. | |||||||||||||||||||
(2) Certain investments that are measured at fair value using the net asset value per share (or its equivalent) practical expedient have not been categorized in the fair value hierarchy. The fair value amounts presented in the table are intended to permit reconciliation of the fair value hierarchy to the amounts presented in the Schedule of Investments. |