SoFi Social 50 ETF |
SCHEDULE OF INVESTMENTS at November 30, 2022 (Unaudited) | ||||||
Shares | Value | |||||
Common Stocks - 99.4% | ||||||
Aerospace & Defense - 1.7% | ||||||
The Boeing Co. (1) | 1,349 | $ | 241,309 | |||
Airlines - 1.9% | ||||||
American Airlines Group, Inc. (1)(2) | 7,695 | 111,039 | ||||
Delta Air Lines, Inc. (1) | 4,230 | 149,615 | ||||
260,654 | ||||||
Apparel - 0.6% | ||||||
Nike, Inc. - Class B | 717 | 78,648 | ||||
Auto Manufacturers - 18.3% | ||||||
Ford Motor Co. | 29,522 | 410,356 | ||||
Lucid Group, Inc. (1)(2) | 25,064 | 254,149 | ||||
NIO, Inc. - Class C (1) | 21,781 | 278,361 | ||||
Rivian Automotive, Inc. - Class A (1)(2) | 19,764 | 633,239 | ||||
Tesla, Inc. (1)(2) | 5,025 | 978,367 | ||||
2,554,472 | ||||||
Banks - 2.0% | ||||||
NU Holdings Ltd. - Class A (1)(2) | 61,857 | 275,264 | ||||
Beverages - 1.2% | ||||||
The Coca-Cola Co. | 2,544 | 161,824 | ||||
Biotechnology - 1.2% | ||||||
Moderna, Inc. (1) | 967 | 170,105 | ||||
Commercial Services - 2.7% | ||||||
Block, Inc. - Class A (1) | 3,018 | 204,530 | ||||
PayPal Holdings, Inc. (1) | 2,136 | 167,484 | ||||
372,014 | ||||||
Computers - 7.6% | ||||||
Apple, Inc. | 7,181 | 1,063,003 | ||||
Diversified Financial Services - 0.7% | ||||||
Coinbase Global, Inc. - Class A (1) | 2,193 | 100,286 | ||||
Entertainment - 3.1% | ||||||
AMC Entertainment Holdings, Inc. (1)(2) | 59,631 | 431,132 | ||||
Food - 0.2% | ||||||
Beyond Meat, Inc. (1)(2) | 1,671 | 24,380 | ||||
Insurance - 3.2% | ||||||
Berkshire Hathaway, Inc. - Class B (1)(2) | 1,404 | 447,314 | ||||
Internet - 19.0% | ||||||
Airbnb, Inc. - Class A (1) | 1,764 | 180,175 | ||||
Alibaba Group Holding Ltd. - ADR (1) | 2,298 | 201,213 | ||||
Alphabet, Inc. - Class A (1) | 7,006 | 707,536 | ||||
Amazon.com, Inc. (1) | 10,764 | 1,039,156 | ||||
Netflix, Inc. (1) | 722 | 220,593 | ||||
Shopify, Inc. - Class A (1)(2) | 7,297 | 298,301 | ||||
2,646,974 | ||||||
Leisure Time - 1.5% | ||||||
Carnival Corp. (1)(2) | 17,486 | 173,636 | ||||
Virgin Galactic Holdings, Inc. - Class A (1) | 8,062 | 41,035 | ||||
214,671 | ||||||
Media - 3.5% | ||||||
The Walt Disney Co. (1) | 4,978 | 487,197 | ||||
Miscellaneous Manufacturers - 0.3% | ||||||
General Electric Co. | 552 | 47,455 | ||||
Oil & Gas - 1.5% | ||||||
Exxon Mobil Corp. | 1,878 | 209,096 | ||||
Pharmaceuticals - 3.2% | ||||||
Aurora Cannabis, Inc. (1) | 21,341 | 27,103 | ||||
Johnson & Johnson | 734 | 130,652 | ||||
Pfizer, Inc. | 3,348 | 167,835 | ||||
SNDL, Inc. (1) | 18,768 | 50,862 | ||||
Tilray Brands, Inc. (1) | 17,429 | 67,450 | ||||
443,902 | ||||||
Retail - 8.3% | ||||||
Costco Wholesale Corp. | 624 | 336,492 | ||||
GameStop Corp. (1)(2) | 15,143 | 396,898 | ||||
Starbucks Corp. | 1,543 | 157,695 | ||||
Target Corp. | 738 | 123,298 | ||||
Walmart, Inc. (2) | 925 | 140,988 | ||||
1,155,371 | ||||||
Semiconductors - 7.7% | ||||||
Advanced Micro Devices, Inc. (1)(2) | 4,311 | 334,663 | ||||
NVIDIA Corp. | 4,392 | 743,258 | ||||
1,077,921 | ||||||
Software - 7.8% | ||||||
BlackBerry Ltd. (1)(2) | 8,878 | 43,236 | ||||
Microsoft Corp. | 2,843 | 725,363 | ||||
Palantir Technologies, Inc. - Class A (1)(2) | 38,005 | 285,037 | ||||
Zoom Video Communications, Inc. - Class A (1) | 625 | 47,144 | ||||
1,100,780 | ||||||
Telecommunications - 2.2% | ||||||
AT&T, Inc. | 13,204 | 254,573 | ||||
Nokia Oyj - ADR | 10,793 | 53,210 | ||||
307,783 | ||||||
Total Common Stocks | ||||||
(Cost $18,457,334) | 13,871,555 | |||||
Preferred Stocks - 0.4% | ||||||
Commercial Services - 0.4% | ||||||
AMC Entertainment Holdings, Inc. | ||||||
12/31/2049 (2)(4) | 53,256 | 51,754 | ||||
Total Preferred Stocks | ||||||
(Cost $90,404) | 51,754 | |||||
Short-Term Investments - 0.1% | ||||||
Money Market Funds - 0.1% | ||||||
First American Government Obligations Fund, Class X, 3.668% (3) | 18,825 | 18,825 | ||||
Total Short-Term Investments | ||||||
(Cost $18,825) | 18,825 | |||||
Investments Purchased with Collateral from Securities Lending - 31.0% | ||||||
Mount Vernon Liquid Assets Portfolio, LLC, 4.070% (3) | 4,332,577 | 4,332,577 | ||||
Total Investments Purchased with Collateral from Securities Lending | ||||||
(Cost $4,332,577) | 4,332,577 | |||||
Total Investments in Securities - 130.9% | ||||||
(Cost $22,899,140) | 18,274,711 | |||||
Liabilities in Excess of Other Assets - (30.9)% | (4,314,250) | |||||
Total Net Assets - 100.0% | $ | 13,960,461 |
ADR | American Depositary Receipt | ||||
(1) | Non-income producing security. | ||||
(2) | This security or a portion of this security was out on loan as of November 30, 2022. Total loaned securities had a value of $4,413,631 or 31.6% of net assets. The remaining contractual maturity of all of the securities lending transactions is overnight and continuous. | ||||
(3) | The rate shown is the annualized seven-day effective yield as of November 30, 2022. | ||||
(4) | Zero coupon security. |
Summary of Fair Value Exposure at November 30, 2022 (Unaudited) | |||||
The SoFi Social 50 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: |
Investments in Securities | Investments Measured at Net Asset Value | Level 1 | Level 2 | Level 3 | Total | ||||||||||||||
Common Stocks (1) | $ | – | $ | 13,871,555 | $ | – | $ | – | $ | 13,871,555 | |||||||||
Preferred Stocks (1) | – | 51,754 | – | – | 51,754 | ||||||||||||||
Short-Term Investments | – | 18,825 | – | – | 18,825 | ||||||||||||||
Investments Purchased With Collateral From Securities Lending (2) | 4,332,577 | – | – | – | 4,332,577 | ||||||||||||||
Total Investments in Securities | $ | 4,332,577 | $ | 13,942,134 | $ | – | $ | – | $ | 18,274,711 | |||||||||
(1) See Schedule of Investment for the 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. |