SoFi Weekly Income ETF |
Schedule of Investments |
as of November 30, 2023 (Unaudited) |
CORPORATE BONDS - 90.6% | Par | Value | ||||||
Advertising - 0.2% | ||||||||
Outfront Media Capital LLC / Outfront Media Capital Corp., 7.38%, 02/15/2031 | $ | 35,000 | $ | 35,921 | ||||
Aerospace & Defense - 2.4% | ||||||||
Bombardier, Inc. | ||||||||
7.88%, 04/15/2027 | 91,000 | 91,145 | ||||||
7.50%, 02/01/2029 (a) | 56,000 | 55,534 | ||||||
8.75%, 11/15/2030 | 45,000 | 46,127 | ||||||
Spirit AeroSystems, Inc., 9.75%, 11/15/2030 | 50,000 | 52,715 | ||||||
TransDigm, Inc. | ||||||||
6.25%, 03/15/2026 | 74,000 | 73,552 | ||||||
6.75%, 08/15/2028 | 34,000 | 34,103 | ||||||
353,176 | ||||||||
Agriculture - 0.7% | ||||||||
Vector Group Ltd., 5.75%, 02/01/2029 | 110,000 | 98,011 | ||||||
Airlines - 0.9% | ||||||||
Delta Air Lines, Inc., 7.38%, 01/15/2026 | 97,000 | 99,401 | ||||||
United Airlines, Inc., 4.38%, 04/15/2026 | 27,000 | 25,693 | ||||||
125,094 | ||||||||
Apparel - 1.4% | ||||||||
Hanesbrands, Inc., 4.88%, 05/15/2026 (a) | 142,000 | 133,920 | ||||||
Tapestry, Inc., 7.00%, 11/27/2026 | 75,000 | 75,831 | ||||||
209,751 | ||||||||
Auto Manufacturers - 1.9% | ||||||||
Allison Transmission, Inc., 4.75%, 10/01/2027 | 90,000 | 84,950 | ||||||
Ford Motor Credit Co., LLC, 3.66%, 09/08/2024 | 200,000 | 195,712 | ||||||
280,662 | ||||||||
Auto Parts & Equipment - 2.2% | ||||||||
Clarios Global LP / Clarios U.S. Finance Co., 6.75%, 05/15/2028 | 69,000 | 69,662 | ||||||
Dana, Inc., 5.38%, 11/15/2027 | 87,000 | 82,643 | ||||||
Tenneco, Inc., 8.00%, 11/17/2028 | 17,000 | 14,011 | ||||||
ZF North America Capital, Inc., 6.88%, 04/14/2028 | 150,000 | 152,231 | ||||||
318,547 | ||||||||
Banks - 5.4% | ||||||||
Barclays PLC, 5.30% to 08/09/2025 (1 Year CMT Rate + 2.30%), 08/09/2026 | 171,000 | 168,377 | ||||||
Citizens Financial Group, Inc., 8.69% (3 Month SOFR + 3.26%), Perpetual (Call 01/06/2024)(b) | 113,000 | 97,128 | ||||||
Credit Suisse AG, 7.95%, 01/09/2025 | 214,000 | 218,246 | ||||||
Fifth Third Bancorp, 6.34% to 07/27/2028 (SOFR + 2.34%), 07/27/2029 | 34,000 | 34,344 | ||||||
NatWest Group PLC, 6.00% to 06/29/2026 (5 Year CMT Rate + 5.63%), Perpetual (Call 12/29/2025) | 171,000 | 162,851 | ||||||
Truist Financial Corp., 4.95% to 12/01/2025 (5 Year CMT Rate + 4.61%), Perpetual (Call 09/01/2025)(c) | 51,000 | 48,362 | ||||||
Wells Fargo & Co., 3.90% to 03/15/2026 (5 Year CMT Rate + 3.45%), Perpetual (Call 03/15/2026) | 56,000 | 50,557 | ||||||
779,865 | ||||||||
Building Materials - 0.9% | ||||||||
Eco Material Technologies, Inc., 7.88%, 01/31/2027 | 77,000 | 75,752 | ||||||
Smyrna Ready Mix Concrete, LLC, 8.88%, 11/15/2031 | 50,000 | 50,911 | ||||||
126,663 | ||||||||
Chemicals - 0.5% | ||||||||
Olin Corp., 5.13%, 09/15/2027 | 37,000 | 35,257 | ||||||
The Chemours Co., 4.63%, 11/15/2029 | 48,000 | 40,372 | ||||||
75,629 | ||||||||
Commercial Services - 2.5% | ||||||||
Allied Universal Holdco LLC / Allied Universal Finance Corp., 6.63%, 07/15/2026 | 111,000 | 107,980 | ||||||
Block, Inc., 2.75%, 06/01/2026 | 81,000 | 74,784 | ||||||
Global Payments, Inc., 4.95%, 08/15/2027 | 72,000 | 70,606 | ||||||
The Brink's Co., 4.63%, 10/15/2027 | 51,000 | 47,851 | ||||||
Upbound Group, Inc., 6.38%, 02/15/2029 (a) | 64,000 | 58,326 | ||||||
359,547 | ||||||||
Computers - 0.9% | ||||||||
KBR, Inc., 4.75%, 09/30/2028 | 90,000 | 80,456 | ||||||
Seagate HDD Cayman, 8.25%, 12/15/2029 | 45,000 | 47,829 | ||||||
128,285 | ||||||||
Distribution & Wholesale - 1.2% | ||||||||
LKQ Corp., 5.75%, 06/15/2028 | 125,000 | 124,122 | ||||||
Verde Purchaser, LLC, 10.50%, 11/30/2030 | 50,000 | 50,100 | ||||||
174,222 | ||||||||
Diversified Financial Services - 8.4% | ||||||||
AerCap Holdings NV, 5.88% (5 Year CMT Rate + 4.54%), 10/10/2079 | 204,000 | 197,327 | ||||||
Aircastle Ltd., 4.25%, 06/15/2026 | 39,000 | 37,047 | ||||||
Avolon Holdings Funding Ltd., 4.25%, 04/15/2026 | 99,000 | 94,190 | ||||||
BGC Group, Inc., 4.38%, 12/15/2025 ( | 62,000 | 58,687 | ||||||
Macquarie Airfinance Holdings Ltd., 8.13%, 03/30/2029 | 77,000 | 78,523 | ||||||
Navient Corp. | ||||||||
6.75%, 06/15/2026 | 95,000 | 94,716 | ||||||
5.00%, 03/15/2027 | 47,000 | 43,863 | ||||||
OneMain Finance Corp. | ||||||||
7.13%, 03/15/2026 | 48,000 | 48,440 | ||||||
3.50%, 01/15/2027 | 189,000 | 169,037 | ||||||
Oxford Finance LLC / Oxford Finance Co.-Issuer II, Inc., 6.38%, 02/01/2027 | 80,000 | 75,288 | ||||||
Rocket Mortgage LLC / Rocket Mortgage Co.-Issuer, Inc., 2.88%, 10/15/2026(a) | 129,000 | 116,695 | ||||||
SLM Corp., 4.20%, 10/29/2025 | 33,000 | 31,358 | ||||||
The Depository Trust & Clearing Corp., 3.38% to 06/20/2026 (5 Year CMT Rate + 2.61%), Perpetual (Call 06/20/2026) | 214,000 | 164,466 | ||||||
1,209,637 | ||||||||
Electric - 2.7% | ||||||||
American Electric Power Co., Inc., 5.70%, 08/15/2025 | 73,000 | 73,070 | ||||||
NextEra Energy Operating Partners L.P. | ||||||||
4.25%, 09/15/2024 | 180,000 | 171,877 | ||||||
3.88%, 10/15/2026 | 48,000 | 44,371 | ||||||
Talen Energy Supply, LLC, 8.63%, 06/01/2030 | 51,000 | 53,462 | ||||||
TransAlta Corp., 7.75%, 11/15/2029 | 42,000 | 43,280 | ||||||
386,060 | ||||||||
Electrical Components & Equipment - 0.5% | ||||||||
EnerSys, 4.38%, 12/15/2027 | 74,000 | 67,785 | ||||||
Electronics - 0.3% | ||||||||
Coherent Corp., 5.00%, 12/15/2029 | 56,000 | 50,724 | ||||||
Entertainment - 3.4% | ||||||||
Allwyn Entertainment Financing UK PLC, 7.88%, 04/30/2029 | 171,000 | 171,375 | ||||||
Caesars Entertainment, Inc., 6.25%, 07/01/2025 | 99,000 | 98,513 | ||||||
Jacobs Entertainment, Inc., 6.75%, 02/15/2029 | 69,000 | 61,884 | ||||||
Light & Wonder International, Inc., 7.00%, 05/15/2028 | 56,000 | 56,105 | ||||||
Scientific Games Holdings LP/Scientific Games U.S. FinCo, Inc., 6.63%, 03/01/2030 | 120,000 | 107,493 | ||||||
495,370 | ||||||||
Environmental Control - 1.7% | ||||||||
GFL Environmental, Inc., 6.75%, 01/15/2031 | 100,000 | 101,000 | ||||||
Stericycle, Inc., 5.38%, 07/15/2024 | 143,000 | 142,530 | ||||||
243,530 | ||||||||
Food - 0.8% | ||||||||
B&G Foods, Inc., 8.00%, 09/15/2028 | 107,000 | 109,488 | ||||||
Healthcare - Products - 0.2% | ||||||||
Garden Spinco Corp., 8.63%, 07/20/2030 | 34,000 | 35,711 | ||||||
Healthcare - Services - 2.7% | ||||||||
CHS/Community Health Systems, Inc., 8.00%, 03/15/2026(a) | 108,000 | 104,102 | ||||||
DaVita, Inc., 4.63%, 06/01/2030 | 51,000 | 43,145 | ||||||
Encompass Health Corp., 4.50%, 02/01/2028 | 60,000 | 56,142 | ||||||
Pediatrix Medical Group, Inc., 5.38%, 02/15/2030 | 86,000 | 72,515 | ||||||
Star Parent, Inc., 9.00%, 10/01/2030 | 43,000 | 44,712 | ||||||
Tenet Healthcare Corp., 5.13%, 11/01/2027 | 75,000 | 72,036 | ||||||
392,652 | ||||||||
Home Builders - 2.1% | ||||||||
Adams Homes, Inc., 9.25%, 10/15/2028 | 43,000 | 42,279 | ||||||
Ashton Woods USA LLC / Ashton Woods Finance Co., 6.63%, 01/15/2028 | 48,000 | 45,344 | ||||||
Dream Finders Homes, Inc., 8.25%, 08/15/2028 | 111,000 | 114,424 | ||||||
LGI Homes, Inc. | ||||||||
8.75%, 12/15/2028 | 50,000 | 51,461 | ||||||
4.00%, 07/15/2029 | 67,000 | 55,347 | ||||||
308,855 | ||||||||
Insurance - 1.0% | ||||||||
Global Atlantic Fin Co., 7.95%, 06/15/2033 | 43,000 | 46,407 | ||||||
SBL Holdings, Inc., 5.13%, 11/13/2026 | 104,000 | 96,555 | ||||||
142,962 | ||||||||
Internet - 0.9% | ||||||||
Uber Technologies, Inc. | ||||||||
7.50%, 05/15/2025 | 67,000 | 68,256 | ||||||
8.00%, 11/01/2026(a) | 54,000 | 54,930 | ||||||
123,186 | ||||||||
Investment Companies - 5.5% | ||||||||
Bain Capital Specialty Finance, Inc., 2.95%, 03/10/2026 | 75,000 | 67,753 | ||||||
Blackstone Private Credit Fund, 2.63%, 12/15/2026 | 134,000 | 118,019 | ||||||
Blue Owl Credit Income Corp., 4.70%, 02/08/2027 | 113,000 | 104,038 | ||||||
Blue Owl Technology Finance Corp., 4.75%, 12/15/2025 | 196,000 | 183,176 | ||||||
Golub Capital BDC, Inc., 7.05%, 12/05/2028 | 40,000 | 39,571 | ||||||
Icahn Enterprises LP / Icahn Enterprises Finance Corp. | ||||||||
4.75%, 09/15/2024 | 77,000 | 75,630 | ||||||
5.25%, 05/15/2027 | 43,000 | 38,969 | ||||||
Oaktree Specialty Lending Corp., 2.70%, 01/15/2027 | 46,000 | 40,176 | ||||||
Sixth Street Specialty Lending, Inc. | ||||||||
3.88%, 11/01/2024 | 76,000 | 74,199 | ||||||
6.95%, 08/14/2028 | 56,000 | 56,396 | ||||||
797,927 | ||||||||
Iron & Steel - 1.1% | ||||||||
Cleveland-Cliffs, Inc., 5.88%, 06/01/2027(a) | 74,000 | 72,709 | ||||||
Mineral Resources Ltd. | ||||||||
8.13%, 05/01/2027(a) | 39,000 | 39,159 | ||||||
9.25%, 10/01/2028 | 43,000 | 44,524 | ||||||
156,392 | ||||||||
Leisure Time - 2.2% | ||||||||
Acushnet Co., 7.38%, 10/15/2028 | 48,000 | 49,332 | ||||||
Carnival Corp., 7.63%, 03/01/2026(a) | 83,000 | 83,523 | ||||||
NCL Corp. Ltd. | ||||||||
5.88%, 02/15/2027 | 46,000 | 44,578 | ||||||
8.38%, 02/01/2028 | 56,000 | 57,967 | ||||||
Royal Caribbean Cruises Ltd., 4.25%, 07/01/2026 | 81,000 | 76,772 | ||||||
312,172 | ||||||||
Media - 6.1% | ||||||||
AMC Networks, Inc., 4.75%, 08/01/2025 | 81,000 | 76,943 | ||||||
Block Communications, Inc., 4.88%, 03/01/2028 | 81,000 | 68,959 | ||||||
CCO Holdings LLC / CCO Holdings Capital Corp. | ||||||||
5.13%, 05/01/2027 | 118,000 | 112,406 | ||||||
6.38%, 09/01/2029 | 44,000 | 42,484 | ||||||
CSC Holdings, LLC, 5.25%, 06/01/2024 | 128,000 | 122,067 | ||||||
DISH DBS Corp., 5.88%, 11/15/2024 | 32,000 | 28,125 | ||||||
DISH Network Corp., 11.75%, 11/15/2027 | 129,000 | 128,207 | ||||||
Gray Television, Inc., 7.00%, 05/15/2027 | 72,000 | 65,502 | ||||||
Midcontinent Communications / Midcontinent Finance Corp., 5.38%, 08/15/2027 | 38,000 | 35,385 | ||||||
Nexstar Media, Inc., 4.75%, 11/01/2028 | 47,000 | 41,646 | ||||||
Sirius XM Radio, Inc. | ||||||||
3.13%, 09/01/2026 | 67,000 | 61,704 | ||||||
4.00%, 07/15/2028(a) | 105,000 | 93,903 | ||||||
877,331 | ||||||||
Metal Fabricate & Hardware - 0.5% | ||||||||
Advanced Drainage Systems, Inc., 6.38%, 06/15/2030 | 75,000 | 73,744 | ||||||
Mining - 0.8% | ||||||||
Arsenal AIC Parent, LLC, 8.00%, 10/01/2030 | 73,000 | 74,574 | ||||||
Hudbay Minerals, Inc., 4.50%, 04/01/2026 | 37,000 | 35,182 | ||||||
109,756 | ||||||||
Miscellaneous Manufacturers - 0.4% | ||||||||
Trinity Industries, Inc., 7.75%, 07/15/2028 | 51,000 | 52,052 | ||||||
Oil & Gas - 6.0% | ||||||||
Civitas Resources, Inc., 8.38%, 07/01/2028 | 86,000 | 88,188 | ||||||
CNX Resources Corp., 7.38%, 01/15/2031 | 60,000 | 59,671 | ||||||
Comstock Resources, Inc., 6.75%, 03/01/2029(a) | 77,000 | 70,973 | ||||||
Occidental Petroleum Corp., 0.00%, 10/10/2036(c) | 159,000 | 84,002 | ||||||
Ovintiv, Inc., 5.65%, 05/15/2028 | 69,000 | 68,827 | ||||||
Parkland Corp., 5.88%, 07/15/2027 | 90,000 | 88,299 | ||||||
Permian Resources Operating, LLC | ||||||||
6.88%, 04/01/2027 | 56,000 | 55,593 | ||||||
9.88%, 07/15/2031 | 51,000 | 55,805 | ||||||
Range Resources Corp., 4.88%, 05/15/2025 | 55,000 | 54,169 | ||||||
Southwestern Energy Co., 5.70%, 01/23/2025 | 74,000 | 73,864 | ||||||
Strathcona Resources Ltd./Alberta, 6.88%, 08/01/2026(a) | 74,000 | 70,552 | ||||||
Vital Energy, Inc. | ||||||||
9.50%, 01/15/2025 | 60,000 | 60,277 | ||||||
7.75%, 07/31/2029 | 47,000 | 43,125 | ||||||
873,345 | ||||||||
Oil & Gas Services - 0.6% | ||||||||
Enerflex Ltd., 9.00%, 10/15/2027 | 99,000 | 93,298 | ||||||
Packaging & Containers - 2.9% | ||||||||
Berry Global, Inc., 4.88%, 07/15/2026 | 77,000 | 74,626 | ||||||
LABL, Inc., 6.75%, 07/15/2026 | 123,000 | 117,013 | ||||||
Mauser Packaging Solutions Holding Co., 7.88%, 08/15/2026(a) | 86,000 | 85,509 | ||||||
OI European Group BV, 4.75%, 02/15/2030 | 39,000 | 35,130 | ||||||
Owens-Brockway Glass Container, Inc., 7.25%, 05/15/2031 | 56,000 | 55,651 | ||||||
Pactiv Evergreen Group Issuer, Inc./Pactiv Evergreen Group Issuer, LLC, 4.00%, 10/15/2027 | 64,000 | 58,620 | ||||||
426,549 | ||||||||
Pharmaceuticals - 1.8% | ||||||||
AdaptHealth, LLC, 4.63%, 08/01/2029 | 90,000 | 71,144 | ||||||
BellRing Brands, Inc., 7.00%, 03/15/2030 | 69,000 | 70,231 | ||||||
Owens & Minor, Inc., 6.63%, 04/01/2030(a) | 77,000 | 72,188 | ||||||
Teva Pharmaceutical Finance Netherlands III BV, 3.15%, 10/01/2026 | 56,000 | 51,056 | ||||||
264,619 | ||||||||
Pipelines - 6.4% | ||||||||
Buckeye Partners L.P. | ||||||||
4.13%, 03/01/2025 | 43,000 | 41,917 | ||||||
3.95%, 12/01/2026 | 104,000 | 98,095 | ||||||
Columbia Pipelines Holding Co., LLC, 6.04%, 08/15/2028 | 86,000 | 87,008 | ||||||
Energy Transfer L.P., 6.50% (5 Year CMT Rate + 5.69%), Perpetual(a) | 81,000 | 76,050 | ||||||
Enterprise Products Operating, LLC, 8.64% (3 Month SOFR + 3.25%), 08/16/2077(b) | 117,000 | 116,614 | ||||||
Genesis Energy LP / Genesis Energy Finance Corp., 6.25%, 05/15/2026 | 77,000 | 75,452 | ||||||
Global Partners LP / GLP Finance Corp., 7.00%, 08/01/2027 | 44,000 | 42,209 | ||||||
Hess Midstream Operations L.P., 5.13%, 06/15/2028 | 97,000 | 92,907 | ||||||
New Fortress Energy, Inc., 6.50%, 09/30/2026 | 154,000 | 146,398 | ||||||
NuStar Logistics L.P., 5.75%, 10/01/2025 | 143,000 | 142,132 | ||||||
918,782 | ||||||||
Real Estate - 0.4% | ||||||||
Cushman & Wakefield U.S. Borrower, LLC, 8.88%, 09/01/2031 | 51,000 | 51,163 | ||||||
Retail - 5.6% | ||||||||
Academy Ltd., 6.00%, 11/15/2027 | 72,000 | 70,315 | ||||||
Asbury Automotive Group, Inc., 4.50%, 03/01/2028 | 93,000 | 85,619 | ||||||
Bath & Body Works, Inc., 6.69%, 01/15/2027 | 93,000 | 93,476 | ||||||
Beacon Roofing Supply, Inc., 6.50%, 08/01/2030 | 56,000 | 55,977 | ||||||
Evergreen Acqco 1 LP / TVI, Inc., 9.75%, 04/26/2028 | 73,000 | 75,800 | ||||||
FirstCash, Inc., 4.63%, 09/01/2028(a) | 78,000 | 71,503 | ||||||
Group 1 Automotive, Inc., 4.00%, 08/15/2028 | 87,000 | 78,458 | ||||||
LCM Investments Holdings II, LLC, 8.25%, 08/01/2031 | 77,000 | 77,450 | ||||||
Lithia Motors, Inc., 3.88%, 06/01/2029 | 43,000 | 37,935 | ||||||
Macy's Retail Holdings, LLC, 5.88%, 03/15/2030(a) | 51,000 | 46,323 | ||||||
QVC, Inc., 4.85%, 04/01/2024 | 57,000 | 56,006 | ||||||
Raising Cane's Restaurants, LLC, 9.38%, 05/01/2029 | 60,000 | 63,078 | ||||||
811,940 | ||||||||
Semiconductors - 1.0% | ||||||||
Amkor Technology, Inc., 6.63%, 09/15/2027 | 143,000 | 143,785 | ||||||
Software - 0.6% | ||||||||
Consensus Cloud Solutions, Inc., 6.00%, 10/15/2026 | 99,000 | 93,666 | ||||||
Telecommunications - 2.4% | ||||||||
Altice France SA/France, 8.13%, 02/01/2027(a) | 200,000 | 172,204 | ||||||
Frontier Communications Holdings, LLC | ||||||||
5.88%, 10/15/2027(a) | 73,000 | 68,653 | ||||||
5.00%, 05/01/2028 | 34,000 | 30,534 | ||||||
Lumen Technologies, Inc., 4.00%, 02/15/2027 | 141,000 | 74,642 | ||||||
346,033 | ||||||||
Toys, Games & Hobbies - 0.5% | ||||||||
Mattel, Inc., 3.38%, 04/01/2026 | 70,000 | 65,737 | ||||||
TOTAL CORPORATE BONDS (Cost $13,449,130) | 13,099,624 | |||||||
REAL ESTATE INVESTMENT TRUSTS - 3.1% | Shares | |||||||
REITs - 3.1% | ||||||||
EPR Properties(a) | 120,000 | 112,935 | ||||||
MPT Operating Partnership LP / MPT Finance Corp.(a) | 148,000 | 118,112 | ||||||
RHP Hotel Properties LP / RHP Finance Corp. | 56,000 | 56,909 | ||||||
Starwood Property Trust, Inc. | 67,000 | 66,006 | ||||||
Starwood Property Trust, Inc.(a) | 33,000 | 31,947 | ||||||
VICI Properties LP / VICI Note Co., Inc. | 61,000 | 56,526 | ||||||
TOTAL REAL ESTATE INVESTMENT TRUSTS (Cost $494,746) | 442,435 | |||||||
ASSET-BACKED SECURITIES - 2.1% | Par | |||||||
AB Issuer, LLC, Series 2021-1, Class A2, 3.73%, 07/30/2051 | 88,425 | 75,084 | ||||||
ITE Rail Fund Levered LP, Series 2021-1A, Class A, 2.25%, 02/28/2051 | 87,647 | 75,662 | ||||||
Planet Fitness Master Issuer, LLC, Series 2022-1A, Class A2I, 3.25%, 12/05/2051(a) | 73,875 | 67,260 | ||||||
ServiceMaster Funding, LLC, Series 2020-1, Class A2II, 3.34%, 01/30/2051 | 109,009 | 87,027 | ||||||
TOTAL ASSET-BACKED SECURITIES (Cost $353,786) | 305,033 | |||||||
MORTGAGE-BACKED SECURITIES - 1.4% | ||||||||
Federal Home Loan Mortgage Corporation REMICS, Series 4707, Class AI, 4.00%, 07/15/2047(d) | 99,895 | 16,432 | ||||||
Federal National Mortgage Association Interest Strips | ||||||||
Series 417, Class C23, 5.00%, 01/25/2043(d) | 498,647 | 85,872 | ||||||
Series 424, Class C14, 4.00%, 01/25/2048(d) | 382,407 | 69,182 | ||||||
Federal National Mortgage Association REMICS | ||||||||
Series 2013-17, Class UI, 3.00%, 03/25/2028(d) | 652,177 | 26,468 | ||||||
Series 2016-40, Class BI, 5.00%, 07/25/2046(d) | 63,039 | 9,762 | ||||||
Series 2021-27, Class SB, 0.00% (-1 x 30 Day avg. SOFR U.S. + 1.50%), 05/25/2051(d)(e)(f) | 269,958 | 63 | ||||||
TOTAL MORTGAGE-BACKED SECURITIES (Cost $141,273) | 207,779 | |||||||
SHORT-TERM INVESTMENTS - 14.2% | Shares | |||||||
Investments Purchased with Proceeds from Securities Lending - 11.9% | ||||||||
Mount Vernon Liquid Assets Portfolio, LLC, 4.93%(g) | 1,714,129 | 1,714,129 | ||||||
Money Market Funds - 1.3% | ||||||||
First American Government Obligations Fund - Class X, 5.29%(g) | 194,862 | 194,862 | ||||||
U.S. Treasury Bills - 1.0% | Par | |||||||
5.43%, 03/21/2024(h) | 144,000 | 141,680 | ||||||
TOTAL SHORT-TERM INVESTMENTS (Cost $2,050,633) | 2,050,671 | |||||||
TOTAL INVESTMENTS - 111.4% (Cost $16,489,568) | $ | 16,105,542 | ||||||
Liabilities in Excess of Other Assets - (11.4)% | (1,654,174 | ) | ||||||
TOTAL NET ASSETS - 100.0% | $ | 14,451,368 | ||||||
Percentages are stated as a percent of net assets. |
CMT – Constant Maturity Treasury Rate |
PLC - Public Limited Company |
SOFR - Secured Overnight Financing Rate |
(a) | All or a portion of this security is on loan as of November 30, 2023. The total market value of these securities was $1,675,310 which represented 11.6% of net assets. The remaining contractual maturity of all of the securities lending transactions is overnight and continuous. |
(b) | Coupon rate is variable or floats based on components including but not limited to reference rate and spread. These securities may not indicate a reference rate and/or spread in their description. The rate disclosed is as of November 30, 2023. |
(c) | Zero coupon bonds make no periodic interest payments but are issued at a discount from par value. |
(d) | Interest only security. |
(e) | Coupon rate is variable based on the weighted average coupon of the underlying collateral. To the extent the weighted average coupon of the underlying assets which comprise the collateral increases or decreases, the coupon rate of this security will increase or decrease correspondingly. The rate disclosed is as of November 30, 2023. |
(f) | Inverse floating rate security whose interest rate moves in the opposite direction of reference interest rates. Reference interest rates are typically based on a negative multiplier or slope. Interest rate may also be subject to a cap or floor. |
(g) | The rate shown represents the annualized seven-day effective yield as of November 30, 2023. |
(h) | The rate shown is the effective yield. |
Summary of Fair Value Exposure at November 30, 2023 (Unaudited) 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, 2023: SoFi Weekly Income ETF | ||||||||||||||||
Level 1 | Level 2 | Level 3 | Total | |||||||||||||
Investments: | ||||||||||||||||
Corporate Bonds | $ | – | $ | 13,099,624 | $ | – | $ | 13,099,624 | ||||||||
Real Estate Investment Trusts | – | 442,435 | – | 442,435 | ||||||||||||
Asset-Backed Securities | – | 305,033 | – | 305,033 | ||||||||||||
Mortgage-Backed Securities | – | 207,779 | – | 207,779 | ||||||||||||
Investments Purchased with Proceeds from Securities Lending(a) | – | – | – | 1,714,129 | ||||||||||||
Money Market Funds | 194,862 | – | – | 194,862 | ||||||||||||
U.S. Treasury Bills | – | 141,680 | – | 141,680 | ||||||||||||
Total Investments | $ | 194,862 | $ | 14,196,551 | $ | – | $ | 16,105,542 | ||||||||
Refer to the Schedule of Investments for industry classifications. | ||||||||||||||||
(a) | 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 listed in the Schedule of Investments. |