Adasina Social Justice All Cap Global ETF | ||||||||
SCHEDULE OF INVESTMENTS at May 31, 2023 (Unaudited) | ||||||||
Shares | Value | |||||||
Common Stocks - 99.3% | ||||||||
Advertising - 1.0% | ||||||||
DKSH Holding AG | 708 | $ | 50,845 | |||||
Stroeer SE & Co KGaA | 550 | 26,597 | ||||||
The Interpublic Group of Company, Inc. (1) | 32,196 | 1,197,369 | ||||||
1,274,811 | ||||||||
Apparel - 0.2% | ||||||||
Gildan Activewear, Inc. | 4,350 | 118,471 | ||||||
Grendene SA | 18,538 | 25,191 | ||||||
On Holding AG - Class A (2) | 6,045 | 165,935 | ||||||
309,597 | ||||||||
Auto Manufacturers - 0.2% | ||||||||
Great Wall Motor Co. Ltd. - H Shares | 265,486 | 272,667 | ||||||
Isuzu Motors Ltd. | 4,033 | 46,878 | ||||||
319,545 | ||||||||
Auto Parts & Equipment - 0.7% | ||||||||
Denso Corp. | 6,133 | 377,993 | ||||||
Dorman Products, Inc. (2) | 312 | 25,600 | ||||||
Fox Factory Holding Corp. (1)(2) | 591 | 52,552 | ||||||
Methode Electronics, Inc. | 2,229 | 95,958 | ||||||
Sumitomo Electric Industries Ltd. | 21,401 | 253,353 | ||||||
Valeo | 1,879 | 35,977 | ||||||
Visteon Corp. (1)(2) | 284 | 37,937 | ||||||
879,370 | ||||||||
Banks - 3.1% | ||||||||
1st Source Corp. | 1,238 | 50,919 | ||||||
Associated Banc-Corp | 1,718 | 25,444 | ||||||
Bank Central Asia Tbk PT | 311,761 | 188,221 | ||||||
BDO Unibank, Inc. | 17,592 | 42,602 | ||||||
BOC Hong Kong Holdings Ltd. | 164,089 | 487,346 | ||||||
BQE CANT VAUDOISE | 516 | 51,733 | ||||||
Canadian Western Bank | 5,022 | 91,403 | ||||||
Cembra Money Bank AG | 345 | 25,644 | ||||||
Community Bank System, Inc. | 515 | 25,462 | ||||||
Credicorp Ltd. | 2,912 | 376,958 | ||||||
Cullen/Frost Bankers, Inc. | 253 | 25,351 | ||||||
FinecoBank Banca Fineco SpA | 3,974 | 52,577 | ||||||
First Interstate BancSystem, Inc. | 1,156 | 25,490 | ||||||
Glacier Bancorp, Inc. | 884 | 25,477 | ||||||
Grupo Financiero Inbursa SAB de CV (2) | 68,061 | 150,738 | ||||||
Hang Seng Bank Ltd. | 31,500 | 421,301 | ||||||
Hong Leong Bank Bhd | 15,112 | 63,388 | ||||||
Laurentian Bank of Canada | 4,929 | 110,851 | ||||||
Malayan Banking Bhd | 560,341 | 1,050,146 | ||||||
NBT Bancorp, Inc. | 1,518 | 50,929 | ||||||
NU Holdings Ltd/Cayman Islands - Class A (2) | 11,317 | 76,277 | ||||||
Prosperity Bancshares, Inc. | 496 | 28,361 | ||||||
S&T Bancorp, Inc. | 2,352 | 63,081 | ||||||
Sandy Spring Bancorp, Inc. | 1,819 | 38,090 | ||||||
SCB X PCL | 12,962 | 38,551 | ||||||
SouthState Corp. | 473 | 29,572 | ||||||
SpareBank 1 SR-Bank ASA | 3,645 | 38,730 | ||||||
Triumph Financial, Inc. (2) | 899 | 46,676 | ||||||
Valiant Holding AG | 297 | 30,182 | ||||||
Valley National Bancorp | 3,460 | 25,535 | ||||||
Washington Trust Bancorp, Inc. | 1,501 | 38,215 | ||||||
Webster Financial Corp. | 1,633 | 58,053 | ||||||
Westamerica BanCorp | 1,346 | 50,919 | ||||||
Woori Financial Group, Inc. | 5,193 | 46,873 | ||||||
3,951,095 | ||||||||
Beverages - 0.8% | ||||||||
Asahi Group Holdings Ltd. | 2,886 | 111,730 | ||||||
Becle SAB de CV | 13,003 | 30,585 | ||||||
Cia Cervecerias Unidas SA | 3,393 | 24,794 | ||||||
JDE Peet’s NV | 9,467 | 274,321 | ||||||
Remy Cointreau SA | 367 | 56,244 | ||||||
Tsingtao Brewery Company Limited | 53,105 | 457,226 | ||||||
Uni-President China Holdings Ltd. | 36,564 | 31,761 | ||||||
986,661 | ||||||||
Biotechnology - 1.5% | ||||||||
Alnylam Pharmaceuticals, Inc. (2) | 690 | 127,657 | ||||||
Argenx SE (2) | 97 | 37,704 | ||||||
Bachem Holding AG | 244 | 25,517 | ||||||
BeiGene Ltd. - H Shares (2) | 5,216 | 88,752 | ||||||
BioMarin Pharmaceutical, Inc. (2) | 5,184 | 450,697 | ||||||
Genmab A/S (2) | 97 | 37,841 | ||||||
Horizon Therapeutics PLC (2) | 1,911 | 191,157 | ||||||
Illumina, Inc. (2) | 1,847 | 363,213 | ||||||
Innoviva, Inc. (1)(2) | 2,821 | 38,055 | ||||||
Ligand Pharmaceuticals, Inc. (2) | 361 | 25,299 | ||||||
OmniAb, Inc. - $12.50 Earnout (2)(4) | 119 | – | ||||||
OmniAb, Inc. - $15.00 Earnout (2)(4) | 119 | – | ||||||
Recursion Pharmaceuticals, Inc. - Class A (2) | 2,950 | 25,872 | ||||||
REGENXBIO, Inc. (2) | 1,523 | 26,241 | ||||||
Rocket Pharmaceuticals, Inc. (2) | 1,226 | 25,660 | ||||||
Royalty Pharma PLC - Class A | 9,929 | 325,076 | ||||||
Sarepta Therapeutics, Inc. (2) | 289 | 35,720 | ||||||
Xencor, Inc. (2) | 1,593 | 43,170 | ||||||
Xenon Pharmaceuticals, Inc. (2) | 657 | 25,314 | ||||||
1,892,945 | ||||||||
Building Materials - 1.1% | ||||||||
Armstrong World Industries, Inc. | 1,219 | 76,114 | ||||||
Boise Cascade Co. | 881 | 63,273 | ||||||
Fletcher Building Ltd. | 16,810 | 50,577 | ||||||
Gibraltar Industries, Inc. (2) | 1,776 | 92,885 | ||||||
JELD-WEN Holding, Inc. (2) | 3,885 | 50,855 | ||||||
Lennox International, Inc. | 3,045 | 838,928 | ||||||
Simpson Manufacturing Co., Inc. | 643 | 75,996 | ||||||
The AZEK Co., Inc. - Class A (2) | 2,726 | 63,380 | ||||||
TOTO Ltd. | 1,037 | 31,433 | ||||||
Trex Co., Inc. (1)(2) | 1,091 | 56,023 | ||||||
1,399,464 | ||||||||
Chemicals - 0.9% | ||||||||
Aica Kogyo Co. Ltd. | 1,469 | 31,070 | ||||||
Asahi Kasei Corp. | 34,242 | 232,463 | ||||||
Axalta Coating Systems Ltd. (2) | 6,091 | 176,700 | ||||||
DIC Corp. | 1,721 | 30,635 | ||||||
HB Fuller Co. | 3,316 | 208,709 | ||||||
Kansai Paint Co. Ltd. | 2,469 | 37,004 | ||||||
Nippon Paint Holdings Co. Ltd. | 10,126 | 77,622 | ||||||
Nitto Denko Corp. | 1,715 | 121,890 | ||||||
Quaker Chemical Corp. | 467 | 88,641 | ||||||
TKG Huchems Co., Ltd. | 1,800 | 30,582 | ||||||
Wacker Chemie AG | 466 | 61,703 | ||||||
1,097,019 | ||||||||
Commercial Services - 7.2% | ||||||||
ADT, Inc. | 11,092 | 63,113 | ||||||
Adyen NV (2) | 24 | 39,065 | ||||||
Amadeus IT Group SA | 5,563 | 396,764 | ||||||
ASGN, Inc. (2) | 1,097 | 71,777 | ||||||
Automatic Data Processing, Inc. | 12,757 | 2,666,085 | ||||||
Block, Inc. - Class A (2) | 3,787 | 228,697 | ||||||
Boyd Group Services, Inc. | 355 | 64,252 | ||||||
Brambles Ltd. | 128,753 | 1,144,849 | ||||||
CorVel Corp. (2) | 131 | 25,603 | ||||||
Deluxe Corp. (1) | 3,001 | 45,675 | ||||||
Dun & Bradstreet Holdings, Inc. | 5,107 | 51,070 | ||||||
Element Fleet Management Corp. | 6,770 | 102,549 | ||||||
Elis SA | 1,451 | 25,029 | ||||||
Euronet Worldwide, Inc. (2) | 570 | 63,498 | ||||||
EVERTEC, Inc. | 1,109 | 38,238 | ||||||
Forrester Research, Inc. (2) | 2,163 | 62,078 | ||||||
Gartner, Inc. (2) | 3,645 | 1,249,725 | ||||||
Green Dot Corp. (2) | 2,860 | 52,138 | ||||||
Hangzhou Tigermed Consulting Co. Ltd. - H Shares | 14,685 | 110,115 | ||||||
Hays PLC | 20,974 | 27,971 | ||||||
Huron Consulting Group, Inc. (2) | 987 | 80,223 | ||||||
HYBE Co. Ltd. (2) | 225 | 46,449 | ||||||
Insperity, Inc. | 627 | 69,421 | ||||||
ISS A/S | 2,414 | 45,773 | ||||||
Korn Ferry | 1,591 | 74,777 | ||||||
Localiza Rent a Car SA | 3,059 | 37,447 | ||||||
MarketAxess Holdings, Inc. | 317 | 86,354 | ||||||
Medifast, Inc. (1) | 631 | 49,660 | ||||||
Moody’s Corp. | 3,086 | 977,892 | ||||||
Nexi SpA (2) | 7,624 | 59,561 | ||||||
Promotora y Operadora de Infraestructura SAB de CV | 3,968 | 38,475 | ||||||
Recruit Holdings Co. Ltd. | 3,490 | 107,162 | ||||||
Robert Half International, Inc. (1) | 1,630 | 105,983 | ||||||
TravelSky Technology Ltd. | 17,108 | 31,208 | ||||||
TriNet Group, Inc. (2) | 428 | 38,036 | ||||||
United Rentals, Inc. | 1,875 | 625,856 | ||||||
WEX, Inc. (2) | 384 | 63,686 | ||||||
WillScot Mobile Mini Holdings Corp. (2) | 870 | 37,480 | ||||||
9,103,734 | ||||||||
Computers - 2.2% | ||||||||
BlackBerry Ltd. (2) | 4,824 | 25,871 | ||||||
Bytes Technology Group PLC | 9,376 | 59,265 | ||||||
Computacenter PLC | 1,880 | 54,058 | ||||||
Computershare Ltd. | 4,346 | 62,888 | ||||||
Crayon Group Holding ASA (2) | 2,952 | 31,208 | ||||||
ExlService Holdings, Inc. (2) | 340 | 51,320 | ||||||
Genpact Ltd. | 3,616 | 132,996 | ||||||
Insight Enterprises, Inc. (1)(2) | 187 | 25,286 | ||||||
Kontron AG | 1,248 | 25,466 | ||||||
Logitech International SA (2) | 4,835 | 308,670 | ||||||
NetApp, Inc. (1) | 23,784 | 1,578,068 | ||||||
Nomura Research Institute Ltd. | 1,897 | 47,657 | ||||||
Otsuka Corp. | 827 | 31,135 | ||||||
Pure Storage, Inc. (2) | 2,206 | 63,511 | ||||||
Qualys, Inc. (2) | 304 | 38,383 | ||||||
Rapid7, Inc. (2) | 538 | 25,673 | ||||||
Softcat PLC | 1,531 | 25,901 | ||||||
Tenable Holdings, Inc. (2) | 893 | 36,604 | ||||||
TietoEVRY Oyj | 3,290 | 90,072 | ||||||
Varonis Systems, Inc. (2) | 977 | 25,676 | ||||||
2,739,708 | ||||||||
Cosmetics & Personal Care - 0.5% | ||||||||
Amorepacific Corp. | 315 | 24,801 | ||||||
Haleon PLC | 88,404 | 348,646 | ||||||
Lion Corp. | 3,222 | 31,041 | ||||||
L’Occitane International SA | 11,426 | 30,651 | ||||||
Pola Orbis Holdings, Inc. | 2,256 | 30,502 | ||||||
Unicharm Corp. | 3,805 | 144,585 | ||||||
610,226 | ||||||||
Distribution & Wholesale - 1.1% | ||||||||
H&E Equipment Services, Inc. | 1,407 | 50,596 | ||||||
Inchcape PLC | 4,020 | 37,966 | ||||||
OPENLANE, Inc. (2) | 5,485 | 82,385 | ||||||
Pool Corp. (1) | 1,657 | 523,993 | ||||||
ScanSource, Inc. (2) | 2,768 | 79,608 | ||||||
Sendas Distribuidora S/A | 5,322 | 11,253 | ||||||
Watsco, Inc. | 1,769 | 573,810 | ||||||
WESCO International, Inc. | 461 | 63,332 | ||||||
1,422,943 | ||||||||
Diversified Financial Services - 7.4% | ||||||||
Affiliated Managers Group, Inc. | 1,105 | 153,694 | ||||||
Air Lease Corp. | 2,848 | 108,281 | ||||||
Anima Holding SpA | 9,719 | 33,654 | ||||||
Artisan Partners Asset Management, Inc. - Class A | 3,578 | 114,496 | ||||||
Avanza Bank Holding AB | 1,206 | 24,821 | ||||||
Azimut Holding SpA | 5,044 | 99,885 | ||||||
Bolsa Mexicana de Valores SAB de CV | 24,685 | 51,696 | ||||||
Brightsphere Investment Group, Inc. | 4,129 | 88,732 | ||||||
Cboe Global Markets, Inc. | 4,732 | 626,611 | ||||||
Euronext NV | 572 | 37,900 | ||||||
First National Financial Corp. | 3,570 | 100,721 | ||||||
Focus Financial Partners, Inc. - Class A (2) | 1,636 | 85,219 | ||||||
GF Securities Co. Ltd. - H Shares (2) | 220,396 | 306,315 | ||||||
Huatai Securities Co Ltd. (2) | 364,337 | 455,639 | ||||||
IG Group Holdings PLC | 4,537 | 37,788 | ||||||
IGM Financial, Inc. | 7,927 | 232,567 | ||||||
Mastercard, Inc. - Class A | 7,085 | 2,586,167 | ||||||
McMillan Shakespeare Ltd. | 2,521 | 25,157 | ||||||
Mitsubishi HC Capital, Inc. | 11,443 | 62,000 | ||||||
Nasdaq, Inc. | 21,547 | 1,192,626 | ||||||
Ninety One PLC | 19,143 | 38,650 | ||||||
Nordnet AB publ | 1,744 | 24,277 | ||||||
Pagseguro Digital Ltd. - Class A (2) | 2,301 | 22,895 | ||||||
Piper Sandler Cos | 200 | 25,474 | ||||||
Radian Group, Inc. | 3,532 | 90,207 | ||||||
Rathbones Group PLC | 1,052 | 25,999 | ||||||
TMX Group Ltd. | 1,678 | 182,404 | ||||||
Virtus Investment Partners, Inc. | 509 | 97,107 | ||||||
Visa, Inc. - Class A | 11,073 | 2,447,465 | ||||||
9,378,447 | ||||||||
Electric - 2.4% | ||||||||
Auren Energia SA | 36,500 | 100,409 | ||||||
Hydro One Ltd. | 96,817 | 2,755,720 | ||||||
Innergex Renewable Energy, Inc. | 13,570 | 140,362 | ||||||
2,996,491 | ||||||||
Electrical Components & Equipment - 0.3% | ||||||||
Belden, Inc. | 728 | 63,693 | ||||||
Encore Wire Corp. (1) | 546 | 89,364 | ||||||
EnerSys | 1,815 | 176,545 | ||||||
Novanta, Inc. (2) | 384 | 63,590 | ||||||
393,192 | ||||||||
Electronics - 3.4% | ||||||||
Allegion plc | 1,334 | 139,723 | ||||||
Avnet, Inc. | 2,895 | 126,917 | ||||||
Celestica, Inc. - SVS (2) | 5,962 | 75,923 | ||||||
Delta Electronics Thailand PCL | 13,800 | 39,259 | ||||||
dormakaba Holding AG | 112 | 51,029 | ||||||
Fortive Corp. | 36,874 | 2,400,866 | ||||||
Ibiden Co. Ltd. | 762 | 41,559 | ||||||
Mettler-Toledo International, Inc. (2) | 781 | 1,032,381 | ||||||
MINEBEA MITSUMI, Inc. | 2,334 | 44,921 | ||||||
National Instruments Corp. | 881 | 50,922 | ||||||
NIDEC CORP. | 4,012 | 199,286 | ||||||
nVent Electric PLC | 1,458 | 63,248 | ||||||
Sesa SpA | 450 | 51,764 | ||||||
Shimadzu Corp. | 1,515 | 46,844 | ||||||
4,364,642 | ||||||||
Energy - Alternate Sources - 0.4% | ||||||||
Corp ACCIONA Energias Renovables SA (2) | 6,495 | 215,485 | ||||||
Encavis AG | 5,692 | 91,812 | ||||||
Neoen SA | 3,787 | 113,206 | ||||||
Solaria Energia y Medio Ambiente SA (2) | 3,595 | 48,655 | ||||||
469,158 | ||||||||
Engineering & Construction - 1.2% | ||||||||
Alten SA | 238 | 37,958 | ||||||
Bilfinger SE | 1,065 | 37,559 | ||||||
Cellnex Telecom SA | 7,776 | 314,273 | ||||||
Comfort Systems USA, Inc. | 343 | 50,757 | ||||||
Dayamitra Telekomunikasi PT | 1,044,535 | 45,642 | ||||||
Dycom Industries, Inc. (2) | 496 | 50,309 | ||||||
Eiffage SA | 5,646 | 599,632 | ||||||
Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. | 2,440 | 25,132 | ||||||
Grupo Aeroportuario del Sureste SAB de CV - Series B | 1,807 | 50,503 | ||||||
Kajima Corp. | 3,193 | 44,679 | ||||||
Sarana Menara Nusantara Tbk PT | 579,656 | 38,283 | ||||||
Shimizu Corp. | 5,078 | 30,748 | ||||||
Stantec, Inc. | 2,626 | 151,826 | ||||||
TopBuild Corp. (2) | 378 | 76,228 | ||||||
1,553,529 | ||||||||
Entertainment - 0.8% | ||||||||
Betsson AB | 2,474 | 24,959 | ||||||
Caesars Entertainment, Inc. (2) | 2,579 | 105,765 | ||||||
CTS Eventim AG & Co KGaA | 750 | 50,293 | ||||||
Flutter Entertainment PLC (2) | 1,443 | 281,414 | ||||||
International Game Technology PLC | 3,120 | 76,534 | ||||||
La Francaise des Jeux SAEM | 1,309 | 50,323 | ||||||
Light & Wonder, Inc. (2) | 1,477 | 86,094 | ||||||
MultiChoice Group | 10,527 | 52,103 | ||||||
OPAP SA (2) | 1,494 | 25,452 | ||||||
The Lottery Corp. Ltd. | 31,814 | 102,530 | ||||||
Universal Music Group NV | 5,113 | 100,843 | ||||||
956,310 | ||||||||
Environmental Control - 0.1% | ||||||||
Pentair PLC | 2,506 | 139,008 | ||||||
Food - 0.9% | ||||||||
Aryzta AG (2) | 15,502 | 24,674 | ||||||
Axfood AB - Class B | 2,398 | 51,558 | ||||||
Calbee, Inc. | 2,390 | 46,443 | ||||||
Cloetta AB - B Shares | 14,621 | 25,619 | ||||||
Dino Polska SA (2) | 257 | 25,143 | ||||||
Ezaki Glico Co. Ltd. | 1,177 | 31,001 | ||||||
Grocery Outlet Holding Corp. (2) | 1,957 | 56,205 | ||||||
Grupo Comercial Chedraui SA de CV | 4,908 | 25,377 | ||||||
Kesko Oyj | 6,127 | 115,518 | ||||||
Kewpie Corp. | 2,939 | 46,741 | ||||||
Kikkoman Corp. | 793 | 46,712 | ||||||
Lancaster Colony Corp. | 258 | 50,718 | ||||||
Nichirei Corp. | 1,458 | 31,160 | ||||||
Nippn Corp. | 2,458 | 31,087 | ||||||
Nissin Foods Holdings Co. Ltd. | 742 | 63,145 | ||||||
Nomad Foods Ltd. (2) | 3,010 | 51,320 | ||||||
The a2 Milk Co. Ltd. (2) | 7,382 | 25,573 | ||||||
US Foods Holding Corp. (2) | 3,661 | 145,635 | ||||||
Yakult Honsha Co. Ltd. | 3,183 | 206,178 | ||||||
1,099,807 | ||||||||
Forest Products & Paper - 0.1% | ||||||||
Billerud AB | 4,897 | 38,146 | ||||||
Cascades, Inc. | 7,966 | 62,823 | ||||||
100,969 | ||||||||
Hand & Machine Tools - 0.2% | ||||||||
Disco Corp. | 431 | 62,777 | ||||||
Enerpac Tool Group Corp. | 3,369 | 85,640 | ||||||
MSA Safety, Inc. | 560 | 77,033 | ||||||
225,450 | ||||||||
Healthcare - Products - 6.1% | ||||||||
10X Genomics, Inc. - Class A (2) | 723 | 37,929 | ||||||
Align Technology, Inc. (2) | 1,244 | 351,629 | ||||||
Asahi Intecc Co. Ltd. | 1,648 | 31,317 | ||||||
Bio-Techne Corp. | 2,971 | 242,998 | ||||||
Carl Zeiss Meditec AG | 1,023 | 114,351 | ||||||
China Medical System Holdings Ltd. | 21,974 | 30,877 | ||||||
Cochlear Ltd. | 465 | 73,248 | ||||||
CONMED Corp. | 528 | 64,047 | ||||||
Danaher Corp. | 6,140 | 1,409,867 | ||||||
Demant A/S (2) | 994 | 37,681 | ||||||
Embecta Corp. | 924 | 25,567 | ||||||
Enovis Corp. (2) | 1,449 | 76,406 | ||||||
Envista Holdings Corp. (1)(2) | 2,807 | 89,515 | ||||||
Glaukos Corp. (2) | 1,397 | 79,657 | ||||||
Haemonetics Corp. (2) | 621 | 52,537 | ||||||
Inspire Medical Systems, Inc. (2) | 135 | 39,486 | ||||||
Insulet Corp. (2) | 1,007 | 276,170 | ||||||
Integer Holdings Corp. (2) | 470 | 38,474 | ||||||
Intuitive Surgical, Inc. (2) | 2,937 | 904,126 | ||||||
Koninklijke Philips NV (2) | 7,850 | 147,677 | ||||||
Lantheus Holdings, Inc. (2) | 435 | 37,667 | ||||||
Masimo Corp. (1)(2) | 550 | 89,012 | ||||||
Merit Medical Systems, Inc. (2) | 774 | 63,778 | ||||||
Nevro Corp. (2) | 1,638 | 45,143 | ||||||
Novocure Ltd. (2) | 930 | 66,783 | ||||||
NuVasive, Inc. (2) | 1,827 | 69,718 | ||||||
QIAGEN NV (2) | 7,666 | 346,197 | ||||||
Shockwave Medical, Inc. (2) | 415 | 114,162 | ||||||
Smith & Nephew PLC | 23,415 | 348,828 | ||||||
Straumann Holding AG | 1,111 | 161,761 | ||||||
Sysmex Corp. | 718 | 46,914 | ||||||
Tandem Diabetes Care, Inc. (2) | 1,467 | 38,127 | ||||||
Tecan Group AG | 116 | 44,261 | ||||||
The Cooper Companies, Inc. | 2,566 | 953,346 | ||||||
Varex Imaging Corp. (2) | 2,880 | 63,475 | ||||||
Waters Corp. (2) | 2,591 | 650,911 | ||||||
West Pharmaceutical Services, Inc. | 1,233 | 412,599 | ||||||
7,676,241 | ||||||||
Healthcare - Services - 1.4% | ||||||||
Bangkok Dusit Medical Services PCL | 585,626 | 475,400 | ||||||
BioMerieux | 377 | 37,636 | ||||||
Bumrungrad Hospital PCL | 5,882 | 37,692 | ||||||
Eurofins Scientific SE | 974 | 64,006 | ||||||
H.U. Group Holdings, Inc. | 1,638 | 30,857 | ||||||
HealthEquity, Inc. (2) | 579 | 31,729 | ||||||
Hygeia Healthcare Holdings Co. Ltd. | 5,317 | 31,277 | ||||||
Medpace Holdings, Inc. (2) | 308 | 63,747 | ||||||
Ramsay Health Care Ltd. | 3,710 | 137,741 | ||||||
Rede D’Or Sao Luiz SA | 17,779 | 100,560 | ||||||
Sonic Healthcare Ltd. | 16,434 | 374,254 | ||||||
Syneos Health, Inc. (2) | 1,451 | 60,361 | ||||||
Synlab AG | 1,826 | 17,540 | ||||||
The Ensign Group, Inc. | 908 | 80,458 | ||||||
WuXi AppTec Co. Ltd. - H Shares | 27,665 | 227,943 | ||||||
1,771,201 | ||||||||
Home Builders - 1.0% | ||||||||
Haseko Corp. | 2,707 | 31,310 | ||||||
Installed Building Products, Inc. | 484 | 50,597 | ||||||
LCI Industries | 469 | 50,671 | ||||||
MDC Holdings, Inc. | 2,207 | 88,898 | ||||||
PulteGroup, Inc. | 9,730 | 642,959 | ||||||
Sekisui House Ltd. | 16,102 | 313,880 | ||||||
Toll Brothers, Inc. | 1,698 | 114,955 | ||||||
1,293,270 | ||||||||
Home Furnishings - 0.2% | ||||||||
Coway Co. Ltd. | 2,139 | 77,598 | ||||||
Dolby Laboratories, Inc. - Class A | 2,009 | 165,803 | ||||||
Sonos, Inc. (1)(2) | 2,930 | 42,573 | ||||||
Xperi, Inc. (2) | 2,159 | 25,541 | ||||||
311,515 | ||||||||
Household Products & Wares - 0.8% | ||||||||
Reckitt Benckiser Group PLC | 13,403 | 1,037,568 | ||||||
Insurance - 9.5% | ||||||||
Aflac, Inc. (1) | 30,759 | 1,975,035 | ||||||
Ageas SA/NV | 896 | 35,659 | ||||||
AIA Group Ltd. | 47,517 | 455,852 | ||||||
American Equity Investment Life Holding Co. (1) | 642 | 25,327 | ||||||
Aon PLC | 3,887 | 1,198,323 | ||||||
Arch Capital Group Ltd. (2) | 10,084 | 702,855 | ||||||
ASR Nederland NV | 591 | 25,077 | ||||||
AUB Group Ltd. | 1,543 | 25,243 | ||||||
Baloise Holding AG | 487 | 74,530 | ||||||
BB Seguridade Participacoes SA | 63,183 | 383,522 | ||||||
Beazley PLC | 5,149 | 38,641 | ||||||
Brighthouse Financial, Inc. (1)(2) | 1,579 | 63,571 | ||||||
Brown & Brown, Inc. | 12,139 | 756,624 | ||||||
Cincinnati Financial Corp. | 6,345 | 612,292 | ||||||
CNO Financial Group, Inc. | 2,342 | 50,845 | ||||||
Dai-ichi Life Holdings, Inc. | 2,722 | 46,651 | ||||||
DB Insurance Co. Ltd. | 620 | 34,568 | ||||||
Definity Financial Corp. | 2,376 | 63,451 | ||||||
Employers Holdings, Inc. | 2,245 | 81,179 | ||||||
Essent Group Ltd. | 3,171 | 140,063 | ||||||
Gjensidige Forsikring ASA | 7,027 | 117,611 | ||||||
Horace Mann Educators Corp. | 2,087 | 62,714 | ||||||
Hyundai Marine & Fire Insurance Co. Ltd. | 1,260 | 31,138 | ||||||
iA Financial Corp, Inc. | 1,586 | 100,950 | ||||||
Insurance Australia Group Ltd. | 22,670 | 76,142 | ||||||
Intact Financial Corp. | 8,048 | 1,184,494 | ||||||
Jackson Financial, Inc. (1) | 1,838 | 50,913 | ||||||
Japan Post Holdings Co. Ltd. | 6,642 | 46,803 | ||||||
Lancashire Holdings Ltd. | 3,326 | 25,537 | ||||||
Lincoln National Corp. | 3,371 | 70,521 | ||||||
MGIC Investment Corp. | 7,044 | 106,505 | ||||||
nib holdings Ltd/Australia | 11,358 | 62,110 | ||||||
NMI Holdings, Inc. (2) | 3,785 | 95,193 | ||||||
Odontoprev SA | 19,567 | 40,991 | ||||||
Phoenix Group Holdings PLC | 16,565 | 113,412 | ||||||
ProAssurance Corp. | 3,324 | 40,387 | ||||||
Prudential PLC | 14,711 | 192,539 | ||||||
Reinsurance Group of America, Inc. | 363 | 50,820 | ||||||
RenaissanceRe Holdings Ltd. | 265 | 49,918 | ||||||
Ryan Specialty Holdings, Inc. - Class A (2) | 3,110 | 126,857 | ||||||
Safety Insurance Group, Inc. | 1,296 | 94,375 | ||||||
Sampo Oyj - A Shares | 3,596 | 164,925 | ||||||
Selective Insurance Group, Inc. (1) | 391 | 37,821 | ||||||
SiriusPoint Ltd. (2) | 4,153 | 38,664 | ||||||
Steadfast Group Ltd. | 13,123 | 50,361 | ||||||
Storebrand ASA | 9,198 | 66,201 | ||||||
Suncorp Group Ltd. | 8,251 | 71,017 | ||||||
Talanx AG | 1,242 | 69,051 | ||||||
The Hanover Insurance Group, Inc. | 454 | 50,603 | ||||||
The Progressive Corp. | 8,381 | 1,072,014 | ||||||
Tryg A/S | 1,670 | 37,894 | ||||||
Unipol Gruppo SpA | 7,615 | 37,888 | ||||||
UnipolSai Assicurazioni SpA | 21,202 | 50,044 | ||||||
Willis Towers Watson PLC | 3,207 | 701,852 | ||||||
11,977,573 | ||||||||
Internet - 3.9% | ||||||||
Auto Trader Group PLC | 13,941 | 108,855 | ||||||
Autohome, Inc. - ADR | 897 | 25,672 | ||||||
carsales.com Ltd. | 2,508 | 37,703 | ||||||
CDW Corp. | 7,562 | 1,298,320 | ||||||
China Literature Ltd. (2) | 8,189 | 30,964 | ||||||
CyberAgent, Inc. | 4,495 | 31,787 | ||||||
Delivery Hero SE (2) | 4,257 | 158,843 | ||||||
Just Eat Takeaway.com NV (2) | 1,600 | 23,997 | ||||||
M3, Inc. | 1,386 | 30,832 | ||||||
Magnite, Inc. (2) | 2,181 | 25,910 | ||||||
Moneysupermarket.com Group PLC | 8,229 | 25,620 | ||||||
MonotaRO Co. Ltd. | 3,436 | 47,710 | ||||||
NAVER Corp. | 1,957 | 294,158 | ||||||
NCSoft Corp. | 141 | 34,101 | ||||||
Palo Alto Networks, Inc. (2) | 3,349 | 714,643 | ||||||
Perficient, Inc. (2) | 665 | 50,853 | ||||||
Q2 Holdings, Inc. (2) | 2,090 | 60,861 | ||||||
Rightmove PLC | 4,519 | 29,326 | ||||||
Scout24 SE | 1,011 | 64,670 | ||||||
SEEK Ltd. | 1,879 | 28,612 | ||||||
TechTarget, Inc. (2) | 1,427 | 49,574 | ||||||
VeriSign, Inc. (2) | 7,279 | 1,625,546 | ||||||
Z Holdings Corp. | 18,670 | 46,383 | ||||||
Ziff Davis, Inc. (1)(2) | 1,372 | 81,003 | ||||||
4,925,943 | ||||||||
Investment Companies - 0.1% | ||||||||
Groupe Bruxelles Lambert NV | 491 | 37,731 | ||||||
Grupo de Inversiones Suramericana SA | 7,004 | 63,524 | ||||||
Kinnevik AB (2) | 2,703 | 38,681 | ||||||
Sofina SA | 179 | 36,830 | ||||||
176,766 | ||||||||
Leisure Time - 0.1% | ||||||||
Shimano, Inc. | 302 | 47,360 | ||||||
Yamaha Corp. | 777 | 30,754 | ||||||
YETI Holdings, Inc. (2) | 1,532 | 56,025 | ||||||
134,139 | ||||||||
Machinery - Diversified - 5.4% | ||||||||
Beijer Ref AB - Class A | 1,707 | 25,173 | ||||||
Chart Industries, Inc. (2) | 229 | 25,128 | ||||||
Cognex Corp. | 1,838 | 101,017 | ||||||
Daifuku Co. Ltd. | 1,536 | 31,102 | ||||||
Esab Corp. | 652 | 38,285 | ||||||
FANUC Corp. | 8,874 | 304,745 | ||||||
Graco, Inc. | 29,105 | 2,226,241 | ||||||
Husqvarna AB | 5,094 | 37,490 | ||||||
Interpump Group SpA | 923 | 49,378 | ||||||
KION Group AG | 1,086 | 37,744 | ||||||
Kone Oyj - B Shares | 6,472 | 327,533 | ||||||
Omron Corp. | 766 | 46,191 | ||||||
Tennant Co. | 1,212 | 88,597 | ||||||
The Toro Co. | 10,619 | 1,038,857 | ||||||
WEG SA | 61,980 | 460,200 | ||||||
Xylem, Inc. (1) | 18,809 | 1,884,694 | ||||||
Yaskawa Electric Corp. | 1,653 | 69,804 | ||||||
6,792,179 | ||||||||
Media - 2.3% | ||||||||
Cable One, Inc. | 98 | 59,959 | ||||||
Cogeco Communications, Inc. | 1,609 | 75,911 | ||||||
FactSet Research Systems, Inc. | 1,136 | 437,235 | ||||||
Informa PLC | 63,936 | 552,320 | ||||||
ITV PLC | 64,680 | 55,955 | ||||||
Schibsted ASA | 2,793 | 52,662 | ||||||
Sirius XM Holdings, Inc. (1) | 197,525 | 703,189 | ||||||
The New York Times Co. - Class A | 2,443 | 86,531 | ||||||
Wolters Kluwer NV | 7,554 | 860,093 | ||||||
2,883,855 | ||||||||
Metal Fabricate & Hardware - 0.4% | ||||||||
AZZ, Inc. | 2,177 | 75,999 | ||||||
Helios Technologies, Inc. | 1,953 | 96,576 | ||||||
MISUMI Group, Inc. | 2,051 | 44,774 | ||||||
Mueller Industries, Inc. | 512 | 38,021 | ||||||
Proto Labs, Inc. (2) | 1,788 | 54,999 | ||||||
VAT Group AG | 435 | 178,587 | ||||||
488,956 | ||||||||
Miscellaneous Manufacturers - 1.0% | ||||||||
Carlisle Cos, Inc. | 4,637 | 985,084 | ||||||
Fabrinet (2) | 332 | 37,589 | ||||||
Federal Signal Corp. | 963 | 51,029 | ||||||
Hillenbrand, Inc. | 1,581 | 75,841 | ||||||
Indutrade AB | 2,488 | 58,339 | ||||||
JSR Corp. | 2,516 | 60,597 | ||||||
Stadler Rail AG | 1,332 | 50,445 | ||||||
1,318,924 | ||||||||
Packaging & Containers - 0.5% | ||||||||
AptarGroup, Inc. | 1,245 | 140,050 | ||||||
Sealed Air Corp. | 3,693 | 139,780 | ||||||
Silgan Holdings, Inc. | 1,964 | 88,360 | ||||||
Sonoco Products Co. | 1,896 | 113,495 | ||||||
TriMas Corp. | 4,017 | 101,670 | ||||||
583,355 | ||||||||
Pharmaceuticals - 4.0% | ||||||||
Agios Pharmaceuticals, Inc. (2) | 1,170 | 29,578 | ||||||
Alfresa Holdings Corp. | 3,104 | 46,277 | ||||||
AstraZeneca PLC | 13,180 | 1,904,700 | ||||||
Celltrion, Inc. | 961 | 124,030 | ||||||
Dechra Pharmaceuticals PLC | 617 | 25,541 | ||||||
Eisai Co. Ltd. | 2,210 | 140,273 | ||||||
Faes Farma SA | 7,203 | 25,380 | ||||||
Genomma Lab Internacional SAB de CV | 30,856 | 25,855 | ||||||
Hikma Pharmaceuticals PLC | 2,301 | 51,091 | ||||||
Ironwood Pharmaceuticals, Inc. (1)(2) | 6,288 | 68,413 | ||||||
Kalbe Farma Tbk PT | 185,751 | 25,155 | ||||||
Kyowa Kirin Co. Ltd. | 2,474 | 47,456 | ||||||
Livzon Pharmaceutical Group, Inc. - H Shares | 8,590 | 30,615 | ||||||
Medipal Holdings Corp. | 2,961 | 46,583 | ||||||
Orion Oyj | 1,190 | 50,226 | ||||||
Otsuka Holdings Co. Ltd. | 4,636 | 171,650 | ||||||
Owens & Minor, Inc. (2) | 3,238 | 65,764 | ||||||
Pacira BioSciences, Inc. (2) | 663 | 25,214 | ||||||
Prestige Consumer Healthcare, Inc. (2) | 662 | 37,886 | ||||||
Recordati Industria Chimica e Farmaceutica SpA | 1,425 | 61,710 | ||||||
Shionogi & Co. Ltd. | 2,855 | 128,247 | ||||||
Sino Biopharmaceutical Ltd. | 906,252 | 431,810 | ||||||
Takeda Pharmaceutical Co. Ltd. | 38,399 | 1,215,059 | ||||||
UCB SA | 2,412 | 209,623 | ||||||
Yuhan Corp. | 1,382 | 61,746 | ||||||
5,049,882 | ||||||||
Private Equity - 0.4% | ||||||||
3i Group PLC | 14,862 | 360,203 | ||||||
EQT AB | 2,026 | 38,180 | ||||||
Intermediate Capital Group PLC | 3,285 | 56,674 | ||||||
455,057 | ||||||||
Real Estate - 0.5% | ||||||||
Anywhere Real Estate, Inc. (2) | 10,506 | 63,771 | ||||||
Asset World Corp PCL | 180,909 | 25,577 | ||||||
Country Garden Holdings Co. Ltd. | 164,876 | 30,329 | ||||||
Daito Trust Construction Co. Ltd. | 1,481 | 140,452 | ||||||
McGrath RentCorp | 715 | 63,499 | ||||||
PEXA Group Ltd. (2) | 2,987 | 25,265 | ||||||
REA Group Ltd. | 1,864 | 165,900 | ||||||
Tokyu Fudosan Holdings Corp. | 17,368 | 92,487 | ||||||
607,280 | ||||||||
Retail - 2.7% | ||||||||
B&M European Value Retail SA | 16,412 | 103,699 | ||||||
Bapcor Ltd. | 6,360 | 25,395 | ||||||
BGF retail Co. Ltd. | 452 | 64,841 | ||||||
BJ’s Wholesale Club Holdings, Inc. (2) | 8,666 | 542,925 | ||||||
China Tourism Group Duty Free Corp. Ltd. - H Shares (2) | 9,544 | 151,909 | ||||||
CP ALL PCL | 304,891 | 558,529 | ||||||
El Puerto de Liverpool SAB de CV | 6,614 | 38,518 | ||||||
Europris ASA | 11,918 | 78,505 | ||||||
Floor & Decor Holdings, Inc. (2) | 5,483 | 500,653 | ||||||
JB Hi-Fi Ltd. | 1,322 | 36,437 | ||||||
Lojas Renner SA | 8,479 | 32,331 | ||||||
MatsukiyoCocokara & Co. | 896 | 47,906 | ||||||
MR DIY Group M Bhd | 72,462 | 24,649 | ||||||
MSC Industrial Direct Co., Inc. - Class A | 1,266 | 113,839 | ||||||
Nitori Holdings Co. Ltd. | 2,114 | 257,148 | ||||||
Pan Pacific International Holdings Corp. | 11,835 | 201,521 | ||||||
Pandora A/S | 470 | 37,343 | ||||||
Pepco Group NV (2) | 5,332 | 50,145 | ||||||
Pepkor Holdings Ltd. | 149,277 | 106,291 | ||||||
Ping An Healthcare and Technology Co. Ltd. (2) | 13,351 | 30,801 | ||||||
Reece Ltd. | 2,166 | 25,455 | ||||||
Seria Co. Ltd. | 1,946 | 31,576 | ||||||
Sugi Holdings Co. Ltd. | 749 | 31,040 | ||||||
Sundrug Co. Ltd. | 1,075 | 30,546 | ||||||
Topsports International Holdings Ltd. | 40,405 | 31,382 | ||||||
Welcia Holdings Co. Ltd. | 2,193 | 46,272 | ||||||
Zhongsheng Group Holdings Ltd. | 75,430 | 278,469 | ||||||
3,478,125 | ||||||||
Savings & Loans - 0.1% | ||||||||
Northwest Bancshares, Inc. | 6,038 | 63,459 | ||||||
TFS Financial Corp. | 4,494 | 50,827 | ||||||
114,286 | ||||||||
Semiconductors - 1.9% | ||||||||
Ambarella, Inc. (2) | 733 | 53,011 | ||||||
Amkor Technology, Inc. | 1,535 | 38,037 | ||||||
ASM International NV | 1,393 | 602,049 | ||||||
Cirrus Logic, Inc. (2) | 493 | 38,296 | ||||||
Diodes, Inc. (2) | 570 | 51,209 | ||||||
IPG Photonics Corp. (2) | 685 | 75,672 | ||||||
Lasertec Corp. | 1,184 | 183,471 | ||||||
MACOM Technology Solutions Holdings, Inc. (2) | 641 | 38,351 | ||||||
Nordic Semiconductor ASA (2) | 1,813 | 18,922 | ||||||
NXP Semiconductors NV | 6,192 | 1,108,987 | ||||||
Power Integrations, Inc. | 588 | 50,803 | ||||||
Rambus, Inc. (2) | 390 | 24,944 | ||||||
Rohm Co. Ltd. | 547 | 46,238 | ||||||
Silicon Laboratories, Inc. (2) | 270 | 37,981 | ||||||
SUMCO Corp. | 2,670 | 38,049 | ||||||
2,406,020 | ||||||||
Software - 11.9% | ||||||||
ACI Worldwide, Inc. (2) | 1,141 | 26,026 | ||||||
Adeia, Inc. | 3,947 | 38,720 | ||||||
Adobe, Inc. (2) | 2,958 | 1,235,823 | ||||||
Akamai Technologies, Inc. (2) | 7,112 | 655,157 | ||||||
ANSYS, Inc. (1)(2) | 2,601 | 841,658 | ||||||
Autodesk, Inc. (2) | 4,162 | 829,861 | ||||||
Black Knight, Inc. (2) | 1,330 | 76,847 | ||||||
Box, Inc. - Class A (1)(2) | 899 | 25,325 | ||||||
Broadridge Financial Solutions, Inc. | 9,903 | 1,452,968 | ||||||
Cadence Design Systems, Inc. (2) | 3,955 | 913,249 | ||||||
CommVault Systems, Inc. (2) | 931 | 64,881 | ||||||
Consensus Cloud Solutions, Inc. (2) | 1,370 | 49,936 | ||||||
DocuSign, Inc. (2) | 1,198 | 67,567 | ||||||
Doximity, Inc. - Class A (2) | 826 | 25,333 | ||||||
Dynatrace, Inc. (2) | 4,248 | 216,605 | ||||||
E2open Parent Holdings, Inc. (2) | 9,447 | 47,235 | ||||||
Electronic Arts, Inc. | 8,995 | 1,151,360 | ||||||
Evolent Health, Inc. (2) | 1,802 | 52,510 | ||||||
HubSpot, Inc. (1)(2) | 382 | 197,872 | ||||||
Jack Henry & Associates, Inc. (1) | 2,307 | 352,717 | ||||||
Kinaxis, Inc. (2) | 289 | 38,610 | ||||||
Kingsoft Corp. Ltd. | 8,605 | 31,273 | ||||||
Manhattan Associates, Inc. (2) | 2,717 | 492,918 | ||||||
MongoDB, Inc. (2) | 174 | 51,119 | ||||||
MSCI, Inc. | 1,178 | 554,284 | ||||||
Nemetschek SE | 330 | 25,767 | ||||||
NetEase, Inc. | 18,133 | 307,149 | ||||||
Netmarble Corp. | 775 | 32,641 | ||||||
New Relic, Inc. (2) | 362 | 25,503 | ||||||
NextGen Healthcare, Inc. (2) | 3,254 | 50,665 | ||||||
Open Text Corp. | 25,557 | 1,061,162 | ||||||
Progress Software Corp. | 638 | 38,280 | ||||||
PROS Holdings, Inc. (2) | 1,855 | 56,244 | ||||||
PTC, Inc. (2) | 4,124 | 554,266 | ||||||
Roper Technologies, Inc. | 3,371 | 1,531,176 | ||||||
ServiceNow, Inc. (2) | 1,398 | 761,602 | ||||||
Smartsheet, Inc. (2) | 516 | 25,583 | ||||||
Splunk, Inc. (2) | 2,771 | 275,133 | ||||||
SUSE SA (2) | 1,798 | 27,047 | ||||||
Temenos AG | 460 | 38,616 | ||||||
Teradata Corp. (2) | 1,966 | 92,127 | ||||||
The Descartes Systems Group, Inc. (2) | 989 | 76,367 | ||||||
Veeva Systems, Inc. - Class A (2) | 3,184 | 527,589 | ||||||
WiseTech Global Ltd. | 788 | 38,160 | ||||||
Workiva, Inc. - Class A (2) | 265 | 25,668 | ||||||
Xero Ltd. (2) | 537 | 38,210 | ||||||
15,098,809 | ||||||||
Telecommunications - 6.1% | ||||||||
1&1 AG | 2,940 | 31,343 | ||||||
Advanced Info Service PCL | 82,927 | 502,805 | ||||||
America Movil SAB de CV (2) | 739,903 | 779,975 | ||||||
Deutsche Telekom AG | 89,036 | 1,969,138 | ||||||
Extreme Networks, Inc. (2) | 1,215 | 25,029 | ||||||
Intouch Holdings PCL | 12,193 | 26,190 | ||||||
Maxis Bhd | 36,252 | 32,282 | ||||||
Orange SA | 84,746 | 1,009,363 | ||||||
PCCW Ltd. | 213,887 | 109,290 | ||||||
Proximus SADP | 5,002 | 38,726 | ||||||
SoftBank Corp. | 125,289 | 1,332,118 | ||||||
Spark New Zealand Ltd. | 32,339 | 100,013 | ||||||
Tele2 AB - Class B | 7,447 | 67,466 | ||||||
Telefonica SA | 172,580 | 730,429 | ||||||
Telekom Malaysia Bhd | 57,236 | 63,244 | ||||||
Telia Co AB | 147,930 | 343,470 | ||||||
Telkom Indonesia Persero Tbk PT | 1,563,369 | 421,348 | ||||||
TIM SA/Brazil | 18,592 | 50,383 | ||||||
Tower Bersama Infrastructure Tbk PT | 395,478 | 56,195 | ||||||
7,688,807 | ||||||||
Toys, Games & Hobbies - 0.0% (3) | ||||||||
Bandai Namco Holdings, Inc. | 1,980 | 46,356 | ||||||
Transportation - 0.9% | ||||||||
Cargojet, Inc. | 653 | 49,231 | ||||||
Cia Sud Americana de Vapores SA | 515,990 | 37,744 | ||||||
Clarkson PLC | 727 | 25,815 | ||||||
Forward Air Corp. | 657 | 63,906 | ||||||
Hankyu Hanshin Holdings, Inc. | 1,961 | 62,248 | ||||||
Heartland Express, Inc. | 4,906 | 76,534 | ||||||
HMM Co., Ltd. | 3,826 | 51,167 | ||||||
JD Logistics, Inc. (2) | 188,440 | 301,379 | ||||||
Keisei Electric Railway Co. Ltd. | 807 | 30,902 | ||||||
Knight-Swift Transportation Holdings, Inc. | 1,843 | 101,346 | ||||||
Kyushu Railway Co. | 2,912 | 62,173 | ||||||
Odakyu Electric Railway Co. Ltd. | 4,228 | 61,492 | ||||||
West Japan Railway Co. | 4,830 | 201,925 | ||||||
Yamato Holdings Co. Ltd. | 3,121 | 57,030 | ||||||
1,182,892 | ||||||||
Trucking & Leasing - 0.1% | ||||||||
GATX Corp. | 741 | 88,112 | ||||||
Water - 0.3% | ||||||||
American States Water Co. | 1,584 | 140,691 | ||||||
California Water Service Group | 2,690 | 153,088 | ||||||
SJW Group | 1,496 | 114,489 | ||||||
408,268 | ||||||||
Total Common Stocks | ||||||||
(Cost $125,273,554) | 125,659,500 | |||||||
Short-Term Investments - 0.4% | ||||||||
Money Market Fund - 0.4% | ||||||||
First American Government Obligations Fund, Class X, 4.968% (5) | 494,731 | 494,731 | ||||||
Total Short-Term Investments | ||||||||
(Cost $494,731) | 494,731 | |||||||
Investments Purchased with Collateral from Securities Lending - 11.5% | ||||||||
Mount Vernon Liquid Assets Portfolio, LLC, 5.290% (5) | 14,533,557 | 14,533,557 | ||||||
Total Investments Purchased with Collateral from Securities Lending | ||||||||
(Cost $14,533,557) | 14,533,557 | |||||||
Total Investments in Securities | ||||||||
(Cost $140,301,842) | 140,687,788 | |||||||
Liabilities in Excess of Other Assets - (11.2%) | (14,205,164 | ) | ||||||
Total Net Assets - 100.0% | $ | 126,482,624 |
ADR | American Depositary Receipt | ||||
(1) | This security or a portion of this security was out on loan as of May 31, 2023. Total loaned securities had a value of $9,305,253 or 7.4% of net assets. The remaining contractual maturity of all of the securities lending transactions is overnight and continuous. | ||||
(2) | Non-income producing security. | ||||
(3) | Does not round to 0.1% or (0.1)%, as applicable. | ||||
(4) | This security was fair valued by the valuation designee. | ||||
(5) | The rate shown is the annualized seven-day effective yield as of May 31, 2023. |
Summary of Fair Value Exposure at May 31, 2023 | |||||
The Adasina Social Justice All Cap Global 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 May 31, 2023: |
Investments in Securities | Investments Measured at Net Asset Value | Level 1 | Level 2 | Level 3 | Total | ||||||||||||||
Common Stocks (1)(3) | $ | – | $ | 125,659,500 | $ | – | $ | 0 | $ | 125,659,500 | |||||||||
Short-Term Investments | – | 494,731 | – | – | 494,731 | ||||||||||||||
Investments Purchased With Collateral From Securities Lending (2) | 14,533,557 | – | – | – | 14,533,557 | ||||||||||||||
Total Investments in Securities | $ | 14,533,557 | $ | 126,154,231 | $ | – | $ | 0 | $ | 140,687,788 | |||||||||
Common Stocks | |||||||||||||||||||
Balance as of August 31, 2022 | $ | 0 | |||||||||||||||||
Accrued discounts/premiums | - | ||||||||||||||||||
Realized gain (loss) | - | ||||||||||||||||||
Change in unrealized appreciation/depreciation | - | ||||||||||||||||||
Purchases | - | ||||||||||||||||||
Sales | - | ||||||||||||||||||
Transfer into and/or out of Level 3 | - | ||||||||||||||||||
Balance as of May 31, 2023 | $ | 0 | |||||||||||||||||
Change in unrealized appreciation/depreciation during the period for Level 3 investments held at May 31, 2023: | $ | 0 | |||||||||||||||||
(1) See Schedule of Investments 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. | |||||||||||||||||||
(3) The Level 3 securities were fair valued at $0 due to lack of market activity. |