SoFi Next 500 ETF | ||||
SCHEDULE OF INVESTMENTS at November 30, 2022 (Unaudited) | ||||
Shares | Value | |||
Common Stocks - 99.8% | ||||
Advertising - 0.3% | ||||
The Interpublic Group of Companies, Inc. | 4,729 | $ | 162,488 | |
Aerospace & Defense - 0.9% | ||||
Curtiss-Wright Corp. | 389 | 68,717 | ||
HEICO Corp. | 569 | 92,354 | ||
Hexcel Corp. | 1,641 | 98,378 | ||
Howmet Aerospace, Inc. | 4,437 | 167,142 | ||
Spirit AeroSystems Holdings, Inc. | 1,379 | 36,144 | ||
462,735 | ||||
Agriculture - 0.7% | ||||
Bunge Ltd. | 1,762 | 184,728 | ||
Darling Ingredients, Inc. (1) | 2,208 | 158,601 | ||
343,329 | ||||
Airlines - 0.6% | ||||
Alaska Air Group, Inc. (1) | 2,122 | 100,668 | ||
American Airlines Group, Inc. (1)(2) | 9,848 | 142,106 | ||
JetBlue Airways Corp. (1) | 7,231 | 57,559 | ||
300,333 | ||||
Apparel - 1.5% | ||||
Capri Holdings Ltd. (1) | 2,323 | 133,224 | ||
Columbia Sportswear Co. | 870 | 77,943 | ||
Deckers Outdoor Corp. (1) | 294 | 117,271 | ||
Hanesbrands, Inc. (2) | 7,090 | 47,645 | ||
PVH Corp. (2) | 843 | 56,633 | ||
Ralph Lauren Corp. - Class A | 723 | 81,786 | ||
Skechers U.S.A., Inc. - Class A (1) | 2,653 | 111,877 | ||
Tapestry, Inc. (2) | 4,297 | 162,297 | ||
788,676 | ||||
Auto Parts & Equipment - 0.6% | ||||
BorgWarner, Inc. | 3,187 | 135,480 | ||
Gentex Corp. | 2,017 | 58,291 | ||
Lear Corp. | 714 | 102,987 | ||
296,758 | ||||
Banks - 3.4% | ||||
Bank OZK | 1,170 | 53,995 | ||
BOK Financial Corp. | 628 | 65,758 | ||
Cadence Bank | 2,199 | 63,419 | ||
Comerica, Inc. (2) | 1,275 | 91,469 | ||
Commerce Bancshares, Inc. (2) | 1,104 | 82,712 | ||
Cullen/Frost Bankers, Inc. | 602 | 87,332 | ||
East West Bancorp, Inc. | 1,422 | 99,839 | ||
First Citizens BancShares, Inc. - Class A (2) | 137 | 111,855 | ||
First Financial Bankshares, Inc. | 1,280 | 47,296 | ||
First Horizon National Corp. | 4,690 | 116,547 | ||
Glacier Bancorp, Inc. | 1,009 | 58,421 | ||
Pinnacle Financial Partners, Inc. | 755 | 63,337 | ||
Prosperity Bancshares, Inc. | 778 | 58,793 | ||
Signature Bank | 695 | 96,953 | ||
SouthState Corp. | 1,019 | 89,519 | ||
Synovus Financial Corp. | 1,420 | 59,825 | ||
UMB Financial Corp. | 466 | 39,852 | ||
United Bankshares, Inc. (2) | 1,099 | 47,136 | ||
Valley National Bancorp | 3,934 | 49,804 | ||
Webster Financial Corp. | 1,968 | 106,941 | ||
Western Alliance Bancorp | 1,377 | 94,380 | ||
Wintrust Financial Corp. | 558 | 51,018 | ||
Zions Bancorp N.A. | 1,564 | 81,046 | ||
1,717,247 | ||||
Beverages - 0.2% | ||||
Molson Coors Brewing Co. - Class B | 2,270 | 125,100 | ||
Biotechnology - 2.6% | ||||
Apellis Pharmaceuticals, Inc. (1) | 917 | 45,786 | ||
Arrowhead Pharmaceuticals, Inc. (1)(2) | 1,469 | 47,302 | ||
Biohaven Ltd. (1)(2) | 1,120 | 17,718 | ||
Blueprint Medicines Corp. (1) | 424 | 20,263 | ||
Exelixis, Inc. (1) | 4,274 | 73,000 | ||
Guardant Health, Inc. (1) | 1,179 | 61,709 | ||
Halozyme Therapeutics, Inc. (1)(2) | 2,175 | 124,541 | ||
Intra-Cellular Therapies, Inc. (1) | 3,242 | 175,781 | ||
Ionis Pharmaceuticals, Inc. (1) | 1,366 | 55,719 | ||
Mirati Therapeutics, Inc. (1) | 1,843 | 168,413 | ||
Novavax, Inc. (1) | 1,301 | 21,454 | ||
Royalty Pharma PLC - Class A | 5,361 | 235,723 | ||
Sarepta Therapeutics, Inc. (1) | 1,024 | 125,757 | ||
Ultragenyx Pharmaceutical, Inc. (1) | 693 | 25,156 | ||
United Therapeutics Corp. (1) | 456 | 127,630 | ||
1,325,952 | ||||
Building Materials - 1.8% | ||||
Armstrong World Industries, Inc. | 705 | 53,869 | ||
Builders FirstSource, Inc. (1)(2) | 4,217 | 269,593 | ||
Eagle Materials, Inc. | 358 | 48,810 | ||
Fortune Brands Home & Security, Inc. | 1,317 | 86,053 | ||
Lennox International, Inc. | 402 | 104,693 | ||
Louisiana-Pacific Corp. (2) | 1,045 | 66,671 | ||
MDU Resources Group, Inc. (2) | 1,922 | 60,524 | ||
Mohawk Industries, Inc. (1) | 532 | 53,907 | ||
Owens Corning | 1,246 | 110,694 | ||
Trex Co., Inc. (1) | 1,315 | 60,345 | ||
915,159 | ||||
Chemicals - 1.8% | ||||
Ashland, Inc. | 643 | 71,932 | ||
Axalta Coating Systems Ltd. (1) | 2,346 | 62,967 | ||
The Chemours Co. | 1,716 | 53,282 | ||
Element Solutions, Inc. | 3,394 | 66,386 | ||
Huntsman Corp. | 3,069 | 85,257 | ||
Olin Corp. (2) | 2,179 | 124,159 | ||
Rogers Corp. (1) | 191 | 20,827 | ||
RPM International, Inc. | 1,268 | 131,390 | ||
Valvoline, Inc. | 1,968 | 64,905 | ||
Westlake Corp. | 2,339 | 251,793 | ||
932,898 | ||||
Commercial Services - 4.9% | ||||
ADT, Inc. | 12,295 | 114,835 | ||
Affirm Holdings, Inc. - Class A (1)(2) | 1,975 | 27,492 | ||
ASGN, Inc. (1) | 474 | 42,944 | ||
Avis Budget Group, Inc. (1)(2) | 936 | 209,290 | ||
Bright Horizons Family Solutions, Inc. (1) | 1,177 | 87,333 | ||
Dun & Bradstreet Holdings, Inc. | 13,717 | 184,631 | ||
Euronet Worldwide, Inc. (1) | 2,238 | 208,022 | ||
FTI Consulting, Inc. (1) | 329 | 56,858 | ||
GXO Logistics, Inc. (1) | 2,396 | 112,276 | ||
HealthEquity, Inc. (1) | 589 | 37,390 | ||
Hertz Global Holdings, Inc. (1)(2) | 8,634 | 148,505 | ||
ManpowerGroup, Inc. | 1,677 | 146,771 | ||
Paylocity Holding Corp. (1) | 613 | 133,530 | ||
Quanta Services, Inc. | 1,606 | 240,707 | ||
R1 RCM, Inc. (1) | 3,312 | 29,974 | ||
Robert Half International, Inc. | 1,405 | 110,686 | ||
Service Corp. International (2) | 1,564 | 111,748 | ||
Toast, Inc. - Class A (1)(2) | 4,265 | 78,305 | ||
TriNet Group, Inc. (1) | 644 | 46,671 | ||
WEX, Inc. (1) | 1,421 | 240,348 | ||
WillScot Mobile Mini Holdings Corp. (1) | 3,343 | 161,166 | ||
2,529,482 | ||||
Computers - 2.6% | ||||
Amdocs Ltd. | 1,137 | 101,034 | ||
CACI International, Inc. (1) | 226 | 70,580 | ||
DXC Technology Co. (1)(2) | 3,379 | 100,255 | ||
Genpact Ltd. | 1,901 | 87,655 | ||
KBR, Inc. | 5,100 | 263,517 | ||
Lumentum Holdings, Inc. (1)(2) | 686 | 37,689 | ||
Maximus, Inc. | 649 | 45,625 | ||
NCR Corp. (1) | 6,496 | 155,059 | ||
Parsons Corp. (1) | 972 | 48,114 | ||
Pure Storage, Inc. (1) | 5,361 | 156,487 | ||
Qualys, Inc. (1) | 414 | 51,054 | ||
Rapid7, Inc. (1) | 754 | 22,168 | ||
Science Applications International Corp. | 533 | 58,689 | ||
Tenable Holdings, Inc. (1) | 1,450 | 55,361 | ||
Thoughtworks Holding, Inc. (1) | 3,108 | 28,345 | ||
Varonis Systems, Inc. (1) | 1,653 | 35,110 | ||
1,316,742 | ||||
Cosmetics & Personal Care - 0.4% | ||||
Coty, Inc. (1) | 9,335 | 73,466 | ||
Olaplex Holdings, Inc. (1) | 17,850 | 106,565 | ||
180,031 | ||||
Distribution & Wholesale - 1.2% | ||||
IAA, Inc. (1) | 1,482 | 55,382 | ||
Pool Corp. (2) | 478 | 157,458 | ||
SiteOne Landscape Supply, Inc. (1) | 508 | 63,769 | ||
Univar Solutions, Inc. (1) | 3,326 | 110,190 | ||
Watsco, Inc. | 369 | 99,254 | ||
WESCO International, Inc. (1) | 855 | 110,227 | ||
596,280 | ||||
Diversified Financial Services - 2.8% | ||||
Affiliated Managers Group, Inc. | 474 | 76,039 | ||
Air Lease Corp. | 1,150 | 44,413 | ||
Ally Financial, Inc. | 3,350 | 90,483 | ||
Credit Acceptance Corp. (1)(2) | 133 | 63,037 | ||
Evercore, Inc. - Class A | 468 | 53,904 | ||
Interactive Brokers Group, Inc. - Class A | 1,148 | 92,184 | ||
Invesco Ltd. | 5,083 | 97,136 | ||
Jefferies Financial Group, Inc. | 2,824 | 107,284 | ||
Lazard Ltd. | 1,197 | 43,822 | ||
LPL Financial Holdings, Inc. | 1,062 | 251,386 | ||
OneMain Holdings, Inc. | 1,253 | 49,318 | ||
Radian Group, Inc. | 1,530 | 29,942 | ||
SEI Investments Co. | 1,349 | 84,016 | ||
SLM Corp. | 2,345 | 40,944 | ||
Stifel Financial Corp. | 1,154 | 74,144 | ||
Tradeweb Markets, Inc. - Class A | 1,519 | 93,358 | ||
Upstart Holdings, Inc. (1)(2) | 3,700 | 72,335 | ||
The Western Union Co. (2) | 3,945 | 57,834 | ||
1,421,579 | ||||
Electric - 1.9% | ||||
Black Hills Corp. | 673 | 48,207 | ||
Hawaiian Electric Industries, Inc. | 1,100 | 45,188 | ||
IDACORP, Inc. | 495 | 54,712 | ||
NRG Energy, Inc. | 7,512 | 318,884 | ||
OGE Energy Corp. | 4,341 | 175,637 | ||
Ormat Technologies, Inc. (2) | 514 | 46,481 | ||
Pinnacle West Capital Corp. | 1,065 | 83,411 | ||
PNM Resources, Inc. | 867 | 42,483 | ||
Portland General Electric Co. | 1,028 | 50,609 | ||
Vistra Corp. | 4,258 | 103,597 | ||
969,209 | ||||
Electrical Components & Equipment - 0.5% | ||||
Acuity Brands, Inc. | 335 | 63,077 | ||
Generac Holdings, Inc. (1)(2) | 800 | 84,416 | ||
Littelfuse, Inc. | 295 | 72,717 | ||
Universal Display Corp. | 525 | 59,126 | ||
279,336 | ||||
Electronics - 2.2% | ||||
Allegion PLC | 794 | 90,238 | ||
Arrow Electronics, Inc. (1) | 647 | 70,355 | ||
Coherent Corp. (1)(2) | 1,515 | 55,555 | ||
Hubbell, Inc. | 474 | 120,424 | ||
Jabil, Inc. | 1,693 | 122,218 | ||
National Instruments Corp. | 1,662 | 68,175 | ||
nVent Electric PLC | 3,434 | 137,394 | ||
Sensata Technologies Holding PLC | 2,055 | 92,681 | ||
SYNNEX Corp. | 1,278 | 130,739 | ||
Trimble, Inc. (1) | 2,633 | 157,322 | ||
Woodward, Inc. | 646 | 61,887 | ||
1,106,988 | ||||
Energy - Alternate Sources - 1.0% | ||||
Enviva, Inc. | 508 | 28,829 | ||
First Solar, Inc. (1) | 866 | 149,411 | ||
NextEra Energy Partners LP | 1,260 | 101,418 | ||
Plug Power, Inc. (1)(2) | 9,165 | 146,273 | ||
Sunrun, Inc. (1)(2) | 2,714 | 88,422 | ||
514,353 | ||||
Engineering & Construction - 0.8% | ||||
AECOM | 1,482 | 125,970 | ||
EMCOR Group, Inc. | 628 | 97,277 | ||
Exponent, Inc. (2) | 595 | 61,529 | ||
MasTec, Inc. (1) | 829 | 75,298 | ||
TopBuild Corp. (1) | 342 | 52,696 | ||
412,770 | ||||
Entertainment - 3.5% | ||||
AMC Entertainment Holdings, Inc. (1)(2) | 10,599 | 76,631 | ||
Caesars Entertainment, Inc. (1) | 5,894 | 299,474 | ||
Churchill Downs, Inc. (2) | 1,380 | 306,305 | ||
DraftKings, Inc. - Class A (1)(2) | 6,686 | 102,429 | ||
Light & Wonder, Inc. (1) | 2,783 | 180,255 | ||
Marriott Vacations Worldwide Corp. (2) | 1,416 | 210,956 | ||
Penn Entertainment, Inc. (1)(2) | 2,437 | 85,758 | ||
SeaWorld Entertainment, Inc. (1) | 2,756 | 157,257 | ||
Vail Resorts, Inc. | 1,381 | 355,663 | ||
1,774,728 | ||||
Environmental Control - 0.9% | ||||
Clean Harbors, Inc. (1) | 624 | 74,880 | ||
Evoqua Water Technologies Corp. (1) | 1,378 | 59,929 | ||
Pentair PLC | 1,795 | 82,157 | ||
Stericycle, Inc. (1) | 2,845 | 148,310 | ||
Tetra Tech, Inc. | 555 | 85,798 | ||
451,074 | ||||
Food - 2.4% | ||||
Albertsons Companies, Inc. | 6,392 | 133,912 | ||
Flowers Foods, Inc. | 2,032 | 61,062 | ||
Ingredion, Inc. | 987 | 96,696 | ||
Lamb Weston Holdings, Inc. | 1,576 | 136,954 | ||
Lancaster Colony Corp. | 283 | 58,621 | ||
Performance Food Group Co. (1) | 5,525 | 336,915 | ||
Pilgrim’s Pride Corp. (1) | 6,721 | 175,821 | ||
Post Holdings, Inc. (1) | 1,110 | 103,907 | ||
US Foods Holding Corp. (1) | 3,877 | 141,821 | ||
1,245,709 | ||||
Food Service - 0.7% | ||||
Aramark | 8,231 | 342,410 | ||
Gas - 1.3% | ||||
National Fuel Gas Co. | 1,650 | 109,280 | ||
NiSource, Inc. | 13,037 | 364,254 | ||
ONE Gas, Inc. | 552 | 47,996 | ||
Southwest Gas Holdings, Inc. | 668 | 45,731 | ||
UGI Corp. (2) | 2,239 | 86,537 | ||
653,798 | ||||
Hand & Machine Tools - 0.7% | ||||
Lincoln Electric Holdings, Inc. | 614 | 90,798 | ||
MSA Safety, Inc. | 1,025 | 144,535 | ||
Regal Rexnord Corp. | 1,050 | 137,666 | ||
372,999 | ||||
Healthcare - Products - 4.5% | ||||
10X Genomics, Inc. - Class A (1) | 1,415 | 54,704 | ||
Avantor, Inc. (1) | 9,135 | 203,528 | ||
Azenta, Inc. | 688 | 41,424 | ||
Bio-Techne Corp. | 1,940 | 164,881 | ||
Bruker Corp. | 1,596 | 107,586 | ||
DENTSPLY SIRONA, Inc. | 4,261 | 128,938 | ||
Envista Holdings Corp. (1)(2) | 3,274 | 111,709 | ||
Globus Medical, Inc. - Class A (1)(2) | 1,009 | 74,555 | ||
ICU Medical, Inc. (1) | 267 | 42,514 | ||
Inspire Medical Systems, Inc. (1) | 532 | 128,515 | ||
Integra LifeSciences Holdings Corp. (1)(2) | 913 | 50,160 | ||
Masimo Corp. (1) | 538 | 77,978 | ||
Omnicell, Inc. (1) | 514 | 26,528 | ||
Penumbra, Inc. (1)(2) | 1,317 | 275,925 | ||
QuidelOrtho Corp. (1) | 385 | 33,730 | ||
Repligen Corp. (1) | 886 | 158,452 | ||
Shockwave Medical, Inc. (1) | 2,269 | 575,418 | ||
Tandem Diabetes Care, Inc. (1) | 1,359 | 57,146 | ||
2,313,691 | ||||
Healthcare - Services - 1.9% | ||||
Acadia Healthcare Co., Inc. (1) | 943 | 83,984 | ||
agilon health, Inc. (1) | 3,740 | 65,674 | ||
Amedisys, Inc. (1) | 350 | 31,881 | ||
Charles River Laboratories International, Inc. (1) | 625 | 142,856 | ||
Chemed Corp. | 132 | 68,640 | ||
Encompass Health Corp. | 1,034 | 60,468 | ||
Enhabit, Inc. (1) | 486 | 6,955 | ||
LHC Group, Inc. (1) | 304 | 49,677 | ||
Medpace Holdings, Inc. (1)(2) | 385 | 80,808 | ||
Oak Street Health, Inc. (1) | 3,007 | 65,011 | ||
Sotera Health Co. (1) | 5,155 | 42,993 | ||
Surgery Partners, Inc. (1)(2) | 1,129 | 31,962 | ||
Syneos Health, Inc. (1) | 1,301 | 45,899 | ||
Teladoc Health, Inc. (1) | 3,961 | 112,928 | ||
Tenet Healthcare Corp. (1) | 1,266 | 58,464 | ||
948,200 | ||||
Home Builders - 0.2% | ||||
Thor Industries, Inc. (2) | 717 | 61,762 | ||
Toll Brothers, Inc. | 1,243 | 59,552 | ||
121,314 | ||||
Home Furnishings - 0.3% | ||||
Dolby Laboratories, Inc. - Class A (2) | 568 | 42,526 | ||
Leggett & Platt, Inc. (2) | 1,343 | 47,824 | ||
Tempur Sealy International, Inc. (2) | 2,031 | 64,525 | ||
154,875 | ||||
Household Products & Wares - 0.5% | ||||
Avery Dennison Corp. | 774 | 149,637 | ||
Helen of Troy Ltd. (1) | 229 | 22,566 | ||
Reynolds Consumer Products, Inc. | 2,007 | 64,144 | ||
236,347 | ||||
Housewares - 0.2% | ||||
Newell Brands, Inc. (2) | 4,836 | 62,723 | ||
The Scotts Miracle-Gro Co. (2) | 505 | 28,245 | ||
90,968 | ||||
Insurance - 3.3% | ||||
American Financial Group, Inc. | 757 | 107,660 | ||
Assurant, Inc. | 554 | 71,034 | ||
Axis Capital Holdings Ltd. | 1,282 | 73,792 | ||
Equitable Holdings, Inc. | 8,866 | 281,407 | ||
Erie Indemnity Co. - Class A | 433 | 122,275 | ||
Essent Group Ltd. | 1,054 | 42,255 | ||
Fidelity National Financial, Inc. | 3,303 | 133,309 | ||
First American Financial Corp. | 1,103 | 60,279 | ||
The Hanover Insurance Group, Inc. | 332 | 48,904 | ||
Kinsale Capital Group, Inc. (2) | 281 | 86,607 | ||
Lincoln National Corp. | 2,055 | 80,022 | ||
MGIC Investment Corp. | 2,828 | 38,828 | ||
Old Republic International Corp. | 3,852 | 94,374 | ||
Primerica, Inc. | 413 | 61,549 | ||
Reinsurance Group of America, Inc. | 726 | 104,834 | ||
RLI Corp. | 428 | 55,670 | ||
Selective Insurance Group, Inc. | 591 | 56,807 | ||
Unum Group | 1,862 | 78,539 | ||
Voya Financial, Inc. (2) | 1,767 | 116,587 | ||
1,714,732 | ||||
Internet - 0.8% | ||||
Chewy, Inc. - Class A (1)(2) | 1,201 | 51,799 | ||
IAC, Inc. - Class A (1) | 846 | 43,899 | ||
Opendoor Technologies, Inc. (1) | 15,481 | 28,640 | ||
Robinhood Markets, Inc. - Class A (1)(2) | 6,991 | 67,044 | ||
Wayfair, Inc. - Class A (1)(2) | 591 | 21,654 | ||
Ziff Davis, Inc. (1) | 474 | 43,731 | ||
Zillow Group, Inc. - Class C (1)(2) | 3,781 | 143,602 | ||
400,369 | ||||
Iron & Steel - 2.7% | ||||
Cleveland-Cliffs, Inc. (1)(2) | 30,418 | 470,871 | ||
Commercial Metals Co. (2) | 1,586 | 78,063 | ||
Reliance Steel & Aluminum Co. | 961 | 203,050 | ||
Steel Dynamics, Inc. | 4,278 | 444,612 | ||
United States Steel Corp. (2) | 7,178 | 188,709 | ||
1,385,305 | ||||
Leisure Time - 1.3% | ||||
Brunswick Corp. | 859 | 63,738 | ||
Harley-Davidson, Inc. | 4,871 | 229,570 | ||
Norwegian Cruise Line Holdings Ltd. (1)(2) | 3,902 | 64,149 | ||
Peloton Interactive, Inc. - Class A (1)(2) | 2,614 | 29,747 | ||
Planet Fitness, Inc. - Class A (1) | 2,016 | 157,974 | ||
Polaris, Inc. (2) | 759 | 86,571 | ||
YETI Holdings, Inc. (1)(2) | 964 | 43,274 | ||
675,023 | ||||
Lodging - 1.3% | ||||
Boyd Gaming Corp. | 2,305 | 141,366 | ||
Choice Hotels International, Inc. | 839 | 103,382 | ||
Hilton Grand Vacations, Inc. (1) | 3,810 | 167,716 | ||
Wyndham Hotels & Resorts, Inc. | 1,300 | 95,316 | ||
Wynn Resorts Ltd. (1) | 2,131 | 178,279 | ||
686,059 | ||||
Machinery - Construction & Mining - 0.4% | ||||
BWX Technologies, Inc. (2) | 870 | 52,974 | ||
Oshkosh Corp. | 680 | 62,608 | ||
Vertiv Holdings Co. | 5,001 | 69,264 | ||
184,846 | ||||
Machinery - Diversified - 1.8% | ||||
AGCO Corp. | 882 | 117,059 | ||
Chart Industries, Inc. (1)(2) | 484 | 69,207 | ||
Cognex Corp. | 2,009 | 100,008 | ||
Crane Holdings Co. | 624 | 66,107 | ||
Flowserve Corp. | 1,447 | 45,378 | ||
Gates Industrial Corp. PLC (1) | 3,785 | 43,982 | ||
Graco, Inc. | 1,807 | 126,436 | ||
The Middleby Corp. (1) | 603 | 86,947 | ||
Nordson Corp. (2) | 601 | 142,130 | ||
The Toro Co. | 1,055 | 117,094 | ||
Zurn Elkay Water Solutions Corp. | 1,363 | 32,998 | ||
947,346 | ||||
Media - 1.1% | ||||
Cable One, Inc. | 73 | 52,873 | ||
DISH Network Corp. - Class A (1)(2) | 2,971 | 47,685 | ||
Endeavor Group Holdings, Inc. - Class A (1) | 4,965 | 109,180 | ||
Fox Corp. - Class A | 3,187 | 103,418 | ||
The New York Times Co. - Class A | 1,916 | 70,222 | ||
News Corp. - Class A | 4,508 | 86,328 | ||
Nexstar Media Group, Inc. | 389 | 73,739 | ||
543,445 | ||||
Metal Fabricate & Hardware - 0.6% | ||||
Advanced Drainage Systems, Inc. | 1,094 | 106,402 | ||
RBC Bearings, Inc. (1)(2) | 363 | 86,020 | ||
The Timken Co. | 726 | 55,162 | ||
Valmont Industries, Inc. | 215 | 72,812 | ||
320,396 | ||||
Mining - 1.1% | ||||
Alcoa Corp. | 5,764 | 288,949 | ||
MP Materials Corp. (1)(2) | 6,526 | 216,990 | ||
Royal Gold, Inc. | 670 | 75,261 | ||
581,200 | ||||
Miscellaneous Manufacturers - 1.0% | ||||
A.O. Smith Corp. - Class A (2) | 1,471 | 89,349 | ||
Axon Enterprise, Inc. (1)(2) | 640 | 117,779 | ||
Carlisle Companies, Inc. | 544 | 143,132 | ||
Donaldson Co., Inc. | 1,254 | 76,394 | ||
ITT, Inc. | 1,116 | 94,324 | ||
520,978 | ||||
Oil & Gas - 8.1% | ||||
Antero Resources Corp. (1)(2) | 12,264 | 448,249 | ||
APA Corp. | 7,003 | 328,090 | ||
Chesapeake Energy Corp. | 1,673 | 173,155 | ||
Civitas Resources, Inc. (2) | 3,760 | 253,274 | ||
EQT Corp. | 10,187 | 432,031 | ||
Helmerich & Payne, Inc. | 1,106 | 56,494 | ||
HF Sinclair Corp. | 3,676 | 229,162 | ||
Marathon Oil Corp. | 14,660 | 449,036 | ||
Matador Resources Co. (2) | 2,847 | 188,927 | ||
Murphy Oil Corp. (2) | 6,017 | 284,002 | ||
Ovintiv, Inc. | 4,814 | 268,429 | ||
PDC Energy, Inc. | 2,399 | 178,294 | ||
Range Resources Corp. | 5,997 | 173,133 | ||
Southwestern Energy Co. (1)(2) | 54,673 | 378,337 | ||
Texas Pacific Land Corp. (2) | 114 | 295,550 | ||
4,136,163 | ||||
Oil & Gas Services - 0.2% | ||||
NOV, Inc. (2) | 4,532 | 101,789 | ||
Packaging & Containers - 1.2% | ||||
AptarGroup, Inc. | 639 | 67,824 | ||
Berry Global Group, Inc. | 1,358 | 79,579 | ||
Crown Holdings, Inc. | 1,506 | 123,808 | ||
Graphic Packaging Holding Co. | 3,743 | 86,014 | ||
Sealed Air Corp. | 1,436 | 76,438 | ||
Silgan Holdings, Inc. | 1,076 | 56,920 | ||
Sonoco Products Co. | 2,218 | 136,119 | ||
626,702 | ||||
Pharmaceuticals - 1.4% | ||||
Henry Schein, Inc. (1) | 1,499 | 121,299 | ||
Jazz Pharmaceuticals PLC (1) | 1,133 | 177,779 | ||
Neurocrine Biosciences, Inc. (1) | 1,099 | 139,639 | ||
Option Care Health, Inc. (1) | 5,535 | 166,659 | ||
Organon & Co. | 2,034 | 52,925 | ||
Perrigo Co. PLC | 2,061 | 66,426 | ||
724,727 | ||||
Pipelines - 2.4% | ||||
Antero Midstream Corp. | 6,989 | 79,185 | ||
DT Midstream, Inc. | 928 | 55,986 | ||
New Fortress Energy, Inc. (2) | 7,806 | 397,326 | ||
Targa Resources Corp. | 9,420 | 700,754 | ||
1,233,251 | ||||
Private Equity - 1.7% | ||||
Ares Management Corp. | 5,073 | 397,672 | ||
The Carlyle Group, Inc. | 14,570 | 454,147 | ||
851,819 | ||||
Real Estate - 0.3% | ||||
The Howard Hughes Corp. (1) | 1,139 | 84,901 | ||
Jones Lang LaSalle, Inc. (1) | 559 | 94,007 | ||
178,908 | ||||
Real Estate Investment Trusts (REITs) - 7.1% | ||||
AGNC Investment Corp. | 20,182 | 201,618 | ||
Agree Realty Corp. | 855 | 59,807 | ||
American Homes 4 Rent - Class A | 3,971 | 131,321 | ||
Americold Realty Trust, Inc. | 2,719 | 81,162 | ||
Annaly Capital Management, Inc. | 3,870 | 83,863 | ||
Apartment Income REIT Corp. | 2,307 | 87,781 | ||
Blackstone Mortgage Trust, Inc. - Class A (2) | 1,982 | 50,085 | ||
Brixmor Property Group, Inc. | 3,110 | 72,090 | ||
Camden Property Trust | 1,181 | 142,110 | ||
Cousins Properties, Inc. (2) | 1,382 | 36,457 | ||
CubeSmart | 2,659 | 110,056 | ||
Douglas Emmett, Inc. | 1,844 | 31,938 | ||
EastGroup Properties, Inc. | 478 | 74,205 | ||
Equity LifeStyle Properties, Inc. | 2,032 | 134,965 | ||
Federal Realty Investment Trust | 810 | 89,991 | ||
First Industrial Realty Trust, Inc. | 1,349 | 68,192 | ||
Gaming and Leisure Properties, Inc. | 2,455 | 129,158 | ||
Healthcare Realty Trust, Inc. | 4,095 | 84,070 | ||
Highwoods Properties, Inc. | 962 | 28,668 | ||
Independence Realty Trust, Inc. | 4,989 | 90,401 | ||
Kilroy Realty Corp. | 1,253 | 54,155 | ||
Kimco Realty Corp. | 6,078 | 139,308 | ||
Lamar Advertising Co. - Class A | 970 | 97,136 | ||
Life Storage, Inc. | 1,118 | 120,174 | ||
Medical Properties Trust, Inc. (2) | 7,012 | 91,997 | ||
National Retail Properties, Inc. | 1,760 | 81,594 | ||
National Storage Affiliates Trust | 1,326 | 52,788 | ||
Omega Healthcare Investors, Inc. | 2,585 | 78,274 | ||
Rayonier, Inc. | 5,216 | 187,150 | ||
Regency Centers Corp. | 2,929 | 194,573 | ||
Rexford Industrial Realty, Inc. | 1,986 | 109,806 | ||
Rithm Capital Corp. | 7,902 | 71,513 | ||
Ryman Hospitality Properties, Inc. | 1,078 | 98,669 | ||
SL Green Realty Corp. | 521 | 21,861 | ||
Spirit Realty Capital, Inc. | 3,357 | 139,047 | ||
STAG Industrial, Inc. - Class A | 1,829 | 60,192 | ||
Starwood Property Trust, Inc. | 3,187 | 68,234 | ||
STORE Capital Corp. | 3,154 | 100,613 | ||
Terreno Realty Corp. | 851 | 49,903 | ||
Vornado Realty Trust (2) | 2,215 | 56,017 | ||
3,660,942 | ||||
Retail - 3.7% | ||||
AutoNation, Inc. (1) | 642 | 79,550 | ||
Bath & Body Works, Inc. | 2,045 | 86,913 | ||
BJ’s Wholesale Club Holdings, Inc. (1) | 1,282 | 96,458 | ||
Carvana Co. - Class A (1)(2) | 2,340 | 18,041 | ||
Casey’s General Stores, Inc. | 435 | 105,714 | ||
Dick’s Sporting Goods, Inc. | 680 | 81,314 | ||
Five Below, Inc. (1) | 823 | 132,388 | ||
Floor & Decor Holdings, Inc. (1)(2) | 1,237 | 92,317 | ||
Freshpet, Inc. (1)(2) | 447 | 29,958 | ||
GameStop Corp. (1)(2) | 3,182 | 83,400 | ||
The Gap, Inc. (2) | 5,824 | 84,681 | ||
Kohl’s Corp. (2) | 2,465 | 79,077 | ||
Lithia Motors, Inc. - Class A | 463 | 110,801 | ||
Macy’s, Inc. (2) | 3,596 | 84,506 | ||
MSC Industrial Direct Co., Inc. - Class A | 458 | 39,310 | ||
Murphy USA, Inc. | 275 | 81,348 | ||
Nordstrom, Inc. (2) | 2,747 | 57,605 | ||
Penske Automotive Group, Inc. (2) | 751 | 94,964 | ||
RH (1) | 257 | 73,715 | ||
Texas Roadhouse, Inc. | 1,550 | 153,946 | ||
Victoria’s Secret & Co. (1) | 1,954 | 89,884 | ||
The Wendy’s Co. | 2,234 | 50,399 | ||
Williams-Sonoma, Inc. (2) | 757 | 88,493 | ||
1,894,782 | ||||
Savings & Loans - 0.2% | ||||
New York Community Bancorp, Inc. (2) | 5,066 | 47,367 | ||
TFS Financial Corp. | 2,442 | 33,333 | ||
80,700 | ||||
Semiconductors - 1.6% | ||||
Cirrus Logic, Inc. (1) | 548 | 40,941 | ||
Entegris, Inc. | 1,641 | 126,833 | ||
IPG Photonics Corp. (1) | 500 | 45,515 | ||
Lattice Semiconductor Corp. (1)(2) | 1,753 | 127,671 | ||
MKS Instruments, Inc. | 575 | 48,219 | ||
Monolithic Power Systems, Inc. (2) | 577 | 220,391 | ||
Semtech Corp. (1) | 758 | 23,301 | ||
Silicon Laboratories, Inc. (1)(2) | 268 | 38,978 | ||
Synaptics, Inc. (1) | 549 | 58,178 | ||
Wolfspeed, Inc. (1)(2) | 1,160 | 105,467 | ||
835,494 | ||||
Shipbuilding - 0.2% | ||||
Huntington Ingalls Industries, Inc. | 369 | 85,593 | ||
Software - 4.5% | ||||
Alteryx, Inc. - Class A (1)(2) | 403 | 18,075 | ||
AppLovin Corp. - Class A (1)(2) | 11,703 | 168,640 | ||
Aspen Technology, Inc. (1) | 236 | 54,398 | ||
Bentley Systems, Inc. - Class B | 3,566 | 141,249 | ||
Bill.com Holdings, Inc. (1) | 1,377 | 165,818 | ||
Blackline, Inc. (1)(2) | 582 | 39,396 | ||
Ceridian HCM Holding, Inc. (1)(2) | 1,025 | 70,151 | ||
Concentrix Corp. | 574 | 70,246 | ||
Coupa Software, Inc. (1)(2) | 832 | 52,616 | ||
DigitalOcean Holdings, Inc. (1)(2) | 2,987 | 89,102 | ||
Doximity, Inc. - Class A (1)(2) | 2,216 | 75,322 | ||
Dropbox, Inc. - Class A (1) | 3,888 | 91,601 | ||
Dynatrace, Inc. (1) | 4,053 | 157,054 | ||
Elastic NV (1) | 1,301 | 79,608 | ||
Fair Isaac Corp. (1) | 263 | 162,986 | ||
Five9, Inc. (1) | 1,079 | 69,175 | ||
Guidewire Software, Inc. (1) | 615 | 36,476 | ||
Informatica, Inc. - Class A (1) | 3,932 | 67,552 | ||
Manhattan Associates, Inc. (1) | 659 | 82,994 | ||
nCino, Inc. (1) | 1,116 | 29,150 | ||
Nutanix, Inc. (1) | 2,408 | 68,050 | ||
Pegasystems, Inc. | 1,118 | 40,528 | ||
Procore Technologies, Inc. (1) | 1,241 | 60,772 | ||
PTC, Inc. (1) | 1,360 | 173,006 | ||
RingCentral, Inc. - Class A (1) | 888 | 32,909 | ||
SentinelOne, Inc. - Class A (1) | 3,220 | 46,690 | ||
Smartsheet, Inc. (1) | 1,268 | 38,978 | ||
Teradata Corp. (1) | 1,085 | 37,053 | ||
UiPath, Inc. - Class A (1) | 3,967 | 49,468 | ||
Workiva, Inc. - Class A (1) | 532 | 42,858 | ||
2,311,921 | ||||
Telecommunications - 0.9% | ||||
Ciena Corp. (1)(2) | 1,414 | 63,573 | ||
Frontier Communications Parent, Inc. (1) | 6,395 | 164,799 | ||
Iridium Communications, Inc. (1) | 2,135 | 113,369 | ||
Juniper Networks, Inc. | 4,153 | 138,046 | ||
479,787 | ||||
Toys, Games & Hobbies - 0.2% | ||||
Mattel, Inc. (1) | 4,949 | 90,220 | ||
Transportation - 0.6% | ||||
Knight-Swift Transportation Holdings, Inc. | 1,728 | 95,783 | ||
Landstar System, Inc. | 466 | 80,609 | ||
RXO, Inc. (1)(2) | 1,194 | 22,686 | ||
Saia, Inc. (1) | 277 | 67,474 | ||
XPO Logistics, Inc. (1)(2) | 1,194 | 46,112 | ||
312,664 | ||||
Water - 0.3% | ||||
Essential Utilities, Inc. | 3,000 | 144,720 | ||
Total Common Stocks | ||||
(Cost $54,657,170) | 51,113,439 | |||
Preferred Stocks - 0.0% (4) | ||||
Commercial Services - 0.0% (4) | ||||
AMC Entertainment Holdings, Inc. | ||||
12/31/2049 (2)(5) | 10,599 | 10,300 | ||
Total Preferred Stocks | ||||
(Cost $1,539) | 10,300 | |||
Short-Term Investments - 0.0% (4) | ||||
Money Market Funds - 0.0% (4) | ||||
First American Government Obligations Fund, Class X, 3.668% (3) | 22,081 | 22,081 | ||
Total Short-Term Investments | ||||
(Cost $22,081) | 22,081 | |||
Investments Purchased with Collateral from Securities Lending - 18.7% | ||||
Mount Vernon Liquid Assets Portfolio, LLC, 4.070% (3) | 9,588,021 | 9,588,021 | ||
Total Investments Purchased with Collateral from Securities Lending | ||||
(Cost $9,588,021) | 9,588,021 | |||
Total Investments in Securities - 118.5% | ||||
(Cost $64,268,811) | 60,733,841 | |||
Liabilities in Excess of Other Assets - (18.5)% | (9,496,196) | |||
Total Net Assets - 100.0% | $ | 51,237,645 |
(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 $9,618,648 or 18.8% of net assets. The remaining contractual maturity of all of the securities lending transactions is overnight and continuous. Due to settlement of open trades, some of the positions on loan are not listed in the portfolio as of November 30, 2022. | ||||
(3) | The rate shown is the annualized seven-day effective yield as of November 30, 2022. | ||||
(4) | Does not round to 0.1% or (0.1)%, as applicable. | ||||
(5) | Zero coupon security. |
Summary of Fair Value Exposure at November 30, 2022 (Unaudited) | |||||
The SoFi Next 500 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) | $ | – | $ | 51,113,439 | $ | – | $ | – | $ | 51,113,439 | |||||||||
Preferred Stocks (1) | – | 10,300 | – | – | 10,300 | ||||||||||||||
Short-Term Investments | – | 22,081 | – | – | 22,081 | ||||||||||||||
Investments Purchased With Collateral From Securities Lending (2) | 9,588,021 | – | – | – | 9,588,021 | ||||||||||||||
Total Investments in Securities | $ | 9,588,021 | $ | 51,145,820 | $ | – | $ | – | $ | 60,733,841 | |||||||||
(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. |