SoFi Select 500 ETF | ||||||||
SCHEDULE OF INVESTMENTS at May 31, 2023 (Unaudited) | ||||||||
Shares | Value | |||||||
Common Stocks - 99.7% | ||||||||
Advertising - 0.1% | ||||||||
Omnicom Group, Inc. (2) | 1,725 | $ | 152,128 | |||||
The Trade Desk, Inc. - Class A (1)(2) | 7,704 | 539,896 | ||||||
692,024 | ||||||||
Aerospace & Defense - 1.3% | ||||||||
General Dynamics Corp. | 2,628 | 536,585 | ||||||
Howmet Aerospace, Inc. | 5,400 | 230,850 | ||||||
L3Harris Technologies, Inc. | 1,802 | 317,008 | ||||||
Lockheed Martin Corp. | 2,291 | 1,017,227 | ||||||
Northrop Grumman Corp. | 1,295 | 563,959 | ||||||
Raytheon Technologies Corp. | 15,823 | 1,457,931 | ||||||
The Boeing Co. (1) | 7,081 | 1,456,562 | ||||||
TransDigm Group, Inc. | 649 | 502,099 | ||||||
6,082,221 | ||||||||
Agriculture - 0.6% | ||||||||
Altria Group, Inc. | 20,831 | 925,313 | ||||||
Archer-Daniels-Midland Co. | 7,427 | 524,718 | ||||||
Bunge Ltd. | 1,569 | 145,352 | ||||||
Philip Morris International, Inc. | 14,078 | 1,267,161 | ||||||
2,862,544 | ||||||||
Airlines - 0.4% | ||||||||
Delta Air Lines, Inc. (1) | 25,128 | 912,900 | ||||||
Southwest Airlines Co. | 14,455 | 431,771 | ||||||
United Airlines Holdings, Inc. (1) | 12,239 | 580,924 | ||||||
1,925,595 | ||||||||
Apparel - 0.3% | ||||||||
Nike, Inc. - Class A | 11,102 | 1,168,597 | ||||||
Auto Manufacturers - 4.0% | ||||||||
Cummins, Inc. | 1,618 | 330,735 | ||||||
Ford Motor Co. | 69,546 | 834,552 | ||||||
General Motors Co. | 16,885 | 547,243 | ||||||
PACCAR, Inc. | 7,304 | 502,369 | ||||||
Stellantis NV (2) | 42,204 | 645,721 | ||||||
Tesla, Inc. (1)(2) | 78,675 | 16,044,193 | ||||||
18,904,813 | ||||||||
Banks - 3.5% | ||||||||
Bank of America Corp. | 94,176 | 2,617,151 | ||||||
Citigroup, Inc. | 24,084 | 1,067,403 | ||||||
Citizens Financial Group, Inc. | 7,413 | 191,107 | ||||||
Fifth Third Bancorp | 8,272 | 200,761 | ||||||
Huntington Bancshares, Inc. (2) | 26,530 | 273,524 | ||||||
JPMorgan Chase & Co. | 35,315 | 4,792,599 | ||||||
KeyCorp (2) | 10,545 | 98,490 | ||||||
M&T Bank Corp. (2) | 3,110 | 370,588 | ||||||
Morgan Stanley | 15,745 | 1,287,311 | ||||||
Northern Trust Corp. | 2,685 | 193,105 | ||||||
Regions Financial Corp. | 10,774 | 186,067 | ||||||
State Street Corp. | 3,744 | 254,667 | ||||||
The Bank of New York Mellon Corp. | 10,758 | 432,471 | ||||||
The Goldman Sachs Group, Inc. (2) | 2,813 | 911,131 | ||||||
The PNC Financial Services Group, Inc. | 4,713 | 545,907 | ||||||
Truist Financial Corp. | 15,355 | 467,867 | ||||||
U.S. Bancorp | 21,814 | 652,239 | ||||||
Wells Fargo & Co. | 40,479 | 1,611,469 | ||||||
16,153,857 | ||||||||
Beverages - 1.7% | ||||||||
Brown-Forman Corp. - Class A | 2,848 | 175,921 | ||||||
Constellation Brands, Inc. - Class 1 | 7,434 | 1,806,239 | ||||||
Keurig Dr Pepper, Inc. | 15,863 | 493,656 | ||||||
Monster Beverage Corp. (1) | 10,090 | 591,476 | ||||||
PepsiCo, Inc. | 13,316 | 2,428,173 | ||||||
The Coca-Cola Co. | 43,223 | 2,578,684 | ||||||
8,074,149 | ||||||||
Biotechnology - 1.5% | ||||||||
Alnylam Pharmaceuticals, Inc. (1) | 1,481 | 274,000 | ||||||
Amgen, Inc. | 5,202 | 1,147,821 | ||||||
Biogen, Inc. (1) | 1,151 | 341,168 | ||||||
BioMarin Pharmaceutical, Inc. (1) | 4,406 | 383,058 | ||||||
Bio-Rad Laboratories, Inc. - Class A (1) | 182 | 67,950 | ||||||
Corteva, Inc. | 7,452 | 398,608 | ||||||
Gilead Sciences, Inc. | 11,786 | 906,815 | ||||||
Horizon Therapeutics PLC (1) | 3,031 | 303,191 | ||||||
Illumina, Inc. (1) | 1,120 | 220,248 | ||||||
Incyte Corp. (1) | 2,619 | 161,199 | ||||||
Moderna, Inc. (1) | 3,302 | 421,698 | ||||||
Regeneron Pharmaceuticals, Inc. (1) | 692 | 509,008 | ||||||
Royalty Pharma PLC - Class A | 11,829 | 387,281 | ||||||
Seagen, Inc. (1) | 2,526 | 494,338 | ||||||
Vertex Pharmaceuticals, Inc. (1) | 2,849 | 921,851 | ||||||
6,938,234 | ||||||||
Building Materials - 0.4% | ||||||||
Carrier Global Corp. | 8,788 | 359,429 | ||||||
Johnson Controls International PLC | 6,929 | 413,661 | ||||||
Martin Marietta Materials, Inc. | 650 | 258,726 | ||||||
Masco Corp. | 2,303 | 111,281 | ||||||
Trane Technologies PLC | 2,315 | 377,878 | ||||||
Vulcan Materials Co. | 1,834 | 358,547 | ||||||
1,879,522 | ||||||||
Chemicals - 1.5% | ||||||||
Air Products and Chemicals, Inc. | 2,511 | 675,811 | ||||||
Albemarle Corp. | 6,288 | 1,216,917 | ||||||
Celanese Corp. | 1,122 | 116,711 | ||||||
CF Industries Holdings, Inc. | 5,740 | 353,067 | ||||||
Dow, Inc. (2) | 5,900 | 287,802 | ||||||
DuPont de Nemours, Inc. (2) | 3,422 | 229,924 | ||||||
Eastman Chemical Co. | 1,053 | 81,176 | ||||||
Ecolab, Inc. | 2,788 | 460,159 | ||||||
FMC Corp. | 1,291 | 134,367 | ||||||
International Flavors & Fragrances, Inc. | 1,717 | 132,707 | ||||||
Linde PLC | 5,139 | 1,817,459 | ||||||
LyondellBasell Industries NV | 2,989 | 255,679 | ||||||
PPG Industries, Inc. | 2,224 | 291,989 | ||||||
The Mosaic Co. | 7,515 | 240,179 | ||||||
The Sherwin-Williams Co. | 2,650 | 603,617 | ||||||
Westlake Corp. | 1,817 | 188,877 | ||||||
7,086,441 | ||||||||
Commercial Services - 1.7% | ||||||||
Automatic Data Processing, Inc. | 4,228 | 883,610 | ||||||
Block, Inc. - Class A (1) | 4,342 | 262,213 | ||||||
Booz Allen Hamilton Holding Corp. | 1,418 | 142,623 | ||||||
Cintas Corp. | 1,056 | 498,580 | ||||||
CoStar Group, Inc. (1) | 3,976 | 315,694 | ||||||
Equifax, Inc. (2) | 1,073 | 223,849 | ||||||
FleetCor Technologies, Inc. (1) | 933 | 211,371 | ||||||
Gartner, Inc. (1) | 843 | 289,031 | ||||||
Global Payments, Inc. | 7,931 | 774,779 | ||||||
MarketAxess Holdings, Inc. | 351 | 95,616 | ||||||
Moody’s Corp. | 1,302 | 412,578 | ||||||
PayPal Holdings, Inc. (1) | 12,194 | 755,906 | ||||||
Quanta Services, Inc. (2) | 2,139 | 379,844 | ||||||
Rollins, Inc. | 4,700 | 184,804 | ||||||
S&P Global, Inc. | 4,844 | 1,779,831 | ||||||
TransUnion | 2,880 | 207,302 | ||||||
United Rentals, Inc. | 983 | 328,116 | ||||||
Verisk Analytics, Inc. (2) | 1,175 | 257,454 | ||||||
8,003,201 | ||||||||
Computers - 6.9% | ||||||||
Accenture PLC - Class A | 7,429 | 2,272,680 | ||||||
Apple, Inc. | 136,789 | 24,245,850 | ||||||
Cognizant Technology Solutions Corp. | 4,738 | 296,078 | ||||||
Crowdstrike Holdings, Inc. - Class A (1) | 7,292 | 1,167,668 | ||||||
Dell Technologies, Inc. - Class A | 2,144 | 96,073 | ||||||
EPAM Systems, Inc. (1) | 872 | 223,773 | ||||||
Fortinet, Inc. (1) | 13,770 | 940,904 | ||||||
Hewlett Packard Enterprise Co. | 14,586 | 210,330 | ||||||
HP, Inc. | 7,073 | 205,541 | ||||||
International Business Machines Corp. | 14,110 | 1,814,405 | ||||||
Leidos Holdings, Inc. | 1,238 | 96,638 | ||||||
NetApp, Inc. | 2,124 | 140,927 | ||||||
Seagate Technology Holdings PLC | 1,444 | 86,784 | ||||||
Western Digital Corp. (1) | 2,614 | 101,240 | ||||||
Zscaler, Inc. (1) | 4,060 | 550,049 | ||||||
32,448,940 | ||||||||
Cosmetics & Personal Care - 0.8% | ||||||||
Colgate-Palmolive Co. | 7,101 | 528,172 | ||||||
The Estee Lauder Companies, Inc. | 2,225 | 409,467 | ||||||
The Procter & Gamble Co. | 20,116 | 2,866,530 | ||||||
3,804,169 | ||||||||
Distribution & Wholesale - 0.3% | ||||||||
Copart, Inc. (1) | 5,130 | 449,337 | ||||||
Fastenal Co. | 6,317 | 340,170 | ||||||
LKQ Corp. | 1,981 | 104,498 | ||||||
W.W. Grainger, Inc. | 588 | 381,624 | ||||||
1,275,629 | ||||||||
Diversified Financial Services - 3.5% | ||||||||
American Express Co. | 10,302 | 1,633,485 | ||||||
Ameriprise Financial, Inc. | 1,559 | 465,315 | ||||||
Apollo Global Management, Inc. | 13,128 | 877,607 | ||||||
BlackRock, Inc. | 1,157 | 760,785 | ||||||
Capital One Financial Corp. | 4,138 | 431,221 | ||||||
Cboe Global Markets, Inc. | 1,401 | 185,520 | ||||||
CME Group, Inc. - Class A | 3,560 | 636,350 | ||||||
Coinbase Global, Inc. - Class A (1)(2) | 1,306 | 81,233 | ||||||
Discover Financial Services | 2,852 | 293,015 | ||||||
Franklin Resources, Inc. (2) | 3,926 | 94,263 | ||||||
Intercontinental Exchange, Inc. | 4,458 | 472,325 | ||||||
LPL Financial Holdings, Inc. | 1,092 | 212,700 | ||||||
Mastercard, Inc. - Class A | 10,933 | 3,990,764 | ||||||
Nasdaq, Inc. | 4,626 | 256,049 | ||||||
Raymond James Financial, Inc. (2) | 2,737 | 247,288 | ||||||
Synchrony Financial | 4,331 | 134,088 | ||||||
T. Rowe Price Group, Inc. | 1,584 | 169,741 | ||||||
The Charles Schwab Corp. | 22,106 | 1,164,765 | ||||||
Visa, Inc. - Class A (2) | 19,928 | 4,404,686 | ||||||
16,511,200 | ||||||||
Electric - 2.8% | ||||||||
Alliant Energy Corp. | 2,378 | 122,372 | ||||||
Ameren Corp. | 3,297 | 267,288 | ||||||
American Electric Power Co., Inc. | 5,699 | 473,701 | ||||||
Avangrid, Inc. (2) | 4,201 | 157,664 | ||||||
CenterPoint Energy, Inc. (2) | 7,078 | 199,670 | ||||||
CMS Energy Corp. | 3,290 | 190,754 | ||||||
Consolidated Edison, Inc. | 3,901 | 363,963 | ||||||
Constellation Energy Corp. | 11,019 | 925,816 | ||||||
Dominion Energy, Inc. | 13,241 | 665,757 | ||||||
DTE Energy Co. | 2,992 | 321,939 | ||||||
Duke Energy Corp. | 8,218 | 733,785 | ||||||
Edison International | 5,125 | 346,040 | ||||||
Entergy Corp. | 2,498 | 245,304 | ||||||
Evergy, Inc. | 2,094 | 121,138 | ||||||
Eversource Energy | 4,649 | 321,850 | ||||||
Exelon Corp. | 7,050 | 279,532 | ||||||
FirstEnergy Corp. | 8,322 | 311,160 | ||||||
NextEra Energy, Inc. | 29,520 | 2,168,539 | ||||||
PG&E Corp. (1) | 57,891 | 980,674 | ||||||
PPL Corp. | 27,440 | 718,928 | ||||||
Public Service Enterprise Group, Inc. | 11,897 | 710,846 | ||||||
Sempra Energy | 4,437 | 636,843 | ||||||
The AES Corp. | 12,419 | 245,151 | ||||||
The Southern Co. | 15,468 | 1,078,893 | ||||||
WEC Energy Group, Inc. | 3,443 | 300,746 | ||||||
Xcel Energy, Inc. | 5,988 | 390,957 | ||||||
13,279,310 | ||||||||
Electrical Components & Equipment - 0.2% | ||||||||
AMETEK, Inc. | 2,240 | 324,957 | ||||||
Emerson Electric Co. | 5,021 | 390,031 | ||||||
714,988 | ||||||||
Electronics - 0.7% | ||||||||
Agilent Technologies, Inc. | 2,911 | 336,715 | ||||||
Amphenol Corp. | 6,762 | 510,193 | ||||||
Fortive Corp. | 4,200 | 273,462 | ||||||
Garmin Ltd. (1) | 1,577 | 162,668 | ||||||
Honeywell International, Inc. | 5,981 | 1,145,960 | ||||||
Keysight Technologies, Inc. (1) | 1,983 | 320,849 | ||||||
Mettler-Toledo International, Inc. (1) | 221 | 292,133 | ||||||
3,041,980 | ||||||||
Energy - Alternate Sources - 0.3% | ||||||||
Enphase Energy, Inc. (1) | 5,608 | 975,119 | ||||||
First Solar, Inc. (1) | 3,103 | 629,785 | ||||||
1,604,904 | ||||||||
Engineering & Construction - 0.0% (3) | ||||||||
Jacobs Solutions, Inc. | 1,705 | 186,868 | ||||||
Entertainment - 0.1% | ||||||||
Live Nation Entertainment, Inc. (1)(2) | 7,045 | 563,177 | ||||||
Environmental Control - 0.3% | ||||||||
Republic Services, Inc. | 3,558 | 503,920 | ||||||
Waste Management, Inc. | 4,171 | 675,368 | ||||||
1,179,288 | ||||||||
Food - 1.0% | ||||||||
Campbell Soup Co. | 2,891 | 146,140 | ||||||
Conagra Brands, Inc. | 4,648 | 162,076 | ||||||
General Mills, Inc. | 5,358 | 450,929 | ||||||
Hormel Foods Corp. | 4,854 | 185,665 | ||||||
Kellogg Co. | 2,922 | 195,102 | ||||||
Lamb Weston Holdings, Inc. | 2,276 | 253,091 | ||||||
McCormick & Co., Inc. (2) | 2,056 | 176,261 | ||||||
Mondelez International, Inc. | 12,136 | 890,904 | ||||||
Sysco Corp. | 7,637 | 534,208 | ||||||
The Hershey Co. | 1,544 | 400,977 | ||||||
The J.M. Smucker Co. | 935 | 137,062 | ||||||
The Kraft Heinz Co. (2) | 15,118 | 577,810 | ||||||
The Kroger Co. | 7,470 | 338,615 | ||||||
Tyson Foods, Inc. - Class A | 2,451 | 124,119 | ||||||
4,572,959 | ||||||||
Forest Products & Paper - 0.0% (3) | ||||||||
International Paper Co. | 3,635 | 107,014 | ||||||
Gas - 0.1% | ||||||||
Atmos Energy Corp. | 2,189 | 252,348 | ||||||
Hand & Machine Tools - 0.1% | ||||||||
Snap-on, Inc. (2) | 446 | 110,991 | ||||||
Stanley Black & Decker, Inc. | 1,369 | 102,634 | ||||||
213,625 | ||||||||
Healthcare - Products - 3.0% | ||||||||
Abbott Laboratories | 15,327 | 1,563,354 | ||||||
Align Technology, Inc. (1) | 695 | 196,449 | ||||||
Baxter International, Inc. | 3,741 | 152,334 | ||||||
Boston Scientific Corp. (1) | 21,104 | 1,086,434 | ||||||
Danaher Corp. | 7,429 | 1,705,847 | ||||||
Edwards Lifesciences Corp. (1)(2) | 5,318 | 447,935 | ||||||
Exact Sciences Corp. (1) | 2,202 | 179,639 | ||||||
GE HealthCare Technologies, Inc. | 4,246 | 337,599 | ||||||
Hologic, Inc. (1) | 1,601 | 126,303 | ||||||
IDEXX Laboratories, Inc. (1) | 791 | 367,633 | ||||||
Insulet Corp. (1) | 2,230 | 611,578 | ||||||
Intuitive Surgical, Inc. (1) | 3,441 | 1,059,277 | ||||||
Medtronic PLC | 10,886 | 900,925 | ||||||
QIAGEN NV (1) | 1,851 | 83,591 | ||||||
ResMed, Inc. | 1,552 | 327,146 | ||||||
Revvity, Inc. | 863 | 99,521 | ||||||
STERIS PLC | 2,781 | 556,117 | ||||||
Stryker Corp. | 4,185 | 1,153,302 | ||||||
Teleflex, Inc. | 416 | 97,656 | ||||||
The Cooper Companies, Inc. | 459 | 170,532 | ||||||
Thermo Fisher Scientific, Inc. | 4,415 | 2,244,851 | ||||||
Waters Corp. (1) | 568 | 142,693 | ||||||
West Pharmaceutical Services, Inc. | 625 | 209,144 | ||||||
Zimmer Biomet Holdings, Inc. | 2,732 | 347,893 | ||||||
14,167,753 | ||||||||
Healthcare - Services - 1.8% | ||||||||
Centene Corp. (1) | 7,716 | 481,555 | ||||||
Elevance Health, Inc. | 2,454 | 1,098,950 | ||||||
HCA Healthcare, Inc. | 2,224 | 587,559 | ||||||
Humana, Inc. | 1,173 | 588,693 | ||||||
IQVIA Holdings, Inc. (1) | 2,114 | 416,268 | ||||||
Laboratory Corp of America Holdings | 669 | 142,183 | ||||||
Molina Healthcare, Inc. (1) | 643 | 176,118 | ||||||
Quest Diagnostics, Inc. | 822 | 109,038 | ||||||
UnitedHealth Group, Inc. | 9,816 | 4,782,748 | ||||||
8,383,112 | ||||||||
Home Builders - 0.2% | ||||||||
D.R. Horton, Inc. (2) | 3,365 | 359,517 | ||||||
Lennar Corp. - Class A | 2,793 | 299,186 | ||||||
NVR, Inc. (1) | 36 | 199,952 | ||||||
PulteGroup, Inc. | 2,301 | 152,050 | ||||||
1,010,705 | ||||||||
Household Products & Wares - 0.2% | ||||||||
Avery Dennison Corp. | 791 | 127,454 | ||||||
Church & Dwight Co., Inc. | 2,061 | 190,540 | ||||||
Kimberly-Clark Corp. | 2,919 | 391,963 | ||||||
The Clorox Co. | 1,096 | 173,365 | ||||||
883,322 | ||||||||
Insurance - 2.6% | ||||||||
Aflac, Inc. | 4,310 | 276,745 | ||||||
American International Group, Inc. | 6,734 | 355,757 | ||||||
Aon PLC | 2,341 | 721,707 | ||||||
Arch Capital Group Ltd. (1) | 3,342 | 232,937 | ||||||
Arthur J Gallagher & Co. | 2,179 | 436,519 | ||||||
Berkshire Hathaway, Inc. - Class A (1) | 14,348 | 4,606,856 | ||||||
Brown & Brown, Inc. | 2,980 | 185,744 | ||||||
Chubb Ltd. | 3,800 | 706,040 | ||||||
Cincinnati Financial Corp. | 1,266 | 122,169 | ||||||
CNA Financial Corp. | 2,364 | 87,137 | ||||||
Everest Re Group Ltd. | 415 | 141,108 | ||||||
Globe Life, Inc. | 867 | 89,457 | ||||||
Markel Group, Inc. (1) | 171 | 224,819 | ||||||
Marsh & McLennan Companies, Inc. | 4,408 | 763,378 | ||||||
MetLife, Inc. | 7,342 | 363,796 | ||||||
Principal Financial Group, Inc. (2) | 4,211 | 275,652 | ||||||
Prudential Financial, Inc. (2) | 3,860 | 303,743 | ||||||
The Allstate Corp. | 2,705 | 293,357 | ||||||
The Hartford Financial Services Group, Inc. | 2,718 | 186,237 | ||||||
The Progressive Corp. | 9,871 | 1,262,600 | ||||||
The Travelers Companies, Inc. | 2,133 | 360,989 | ||||||
W.R. Berkley Corp. | 3,408 | 189,758 | ||||||
Willis Towers Watson PLC | 908 | 198,716 | ||||||
12,385,221 | ||||||||
Internet - 12.7% | ||||||||
Airbnb, Inc. - Class A (1)(2) | 14,498 | 1,591,445 | ||||||
Alphabet, Inc. - Class A (1) | 55,519 | 6,849,379 | ||||||
Alphabet, Inc. - Class A (1) | 55,327 | 6,798,029 | ||||||
Amazon.com, Inc. (1) | 244,606 | 29,494,591 | ||||||
Booking Holdings, Inc. (1) | 938 | 2,353,226 | ||||||
CDW Corp. | 1,457 | 250,152 | ||||||
DoorDash, Inc. - Class A (1) | 3,629 | 236,937 | ||||||
eBay, Inc. | 3,383 | 143,913 | ||||||
Etsy, Inc. (1) | 1,004 | 81,374 | ||||||
Expedia Group, Inc. - Class A (1) | 6,473 | 619,531 | ||||||
Gen Digital, Inc. | 7,535 | 132,164 | ||||||
GoDaddy, Inc. - Class A (1) | 1,634 | 119,903 | ||||||
Match Group, Inc. (1) | 3,220 | 111,090 | ||||||
Meta Platforms, Inc. - Class A (1) | 16,094 | 4,260,404 | ||||||
Netflix, Inc. (1) | 4,207 | 1,662,733 | ||||||
Okta, Inc. - Class A (1) | 3,204 | 291,244 | ||||||
Palo Alto Networks, Inc. (1) | 12,771 | 2,725,204 | ||||||
Pinterest, Inc. - Class A (1) | 6,701 | 160,422 | ||||||
Snap, Inc. - Class A (1) | 12,939 | 131,978 | ||||||
Spotify Technology SA (1) | 1,116 | 166,172 | ||||||
Uber Technologies, Inc. (1) | 29,612 | 1,123,183 | ||||||
VeriSign, Inc. (1) | 951 | 212,377 | ||||||
59,515,451 | ||||||||
Iron & Steel - 0.1% | ||||||||
Nucor Corp. | 2,437 | 321,830 | ||||||
Reliance Steel & Aluminum Co. | 684 | 160,521 | ||||||
Steel Dynamics, Inc. | 1,967 | 180,768 | ||||||
663,119 | ||||||||
Leisure Time - 0.2% | ||||||||
Carnival Corp. (1)(2) | 32,598 | 366,076 | ||||||
Royal Caribbean Cruises Ltd. (1) | 7,295 | 590,676 | ||||||
956,752 | ||||||||
Lodging - 0.6% | ||||||||
Hilton Worldwide Holdings, Inc. | 6,608 | 899,481 | ||||||
Las Vegas Sands Corp. (1) | 8,939 | 492,807 | ||||||
Marriott International, Inc. | 6,344 | 1,064,460 | ||||||
MGM Resorts International | 5,080 | 199,593 | ||||||
2,656,341 | ||||||||
Machinery - Construction & Mining - 0.3% | ||||||||
Caterpillar, Inc. | 5,982 | 1,230,797 | ||||||
Machinery - Diversified - 0.6% | ||||||||
Deere & Co. | 4,230 | 1,463,495 | ||||||
Dover Corp. | 1,361 | 181,462 | ||||||
IDEX Corp. | 891 | 177,452 | ||||||
Ingersoll Rand, Inc. | 4,875 | 276,218 | ||||||
Otis Worldwide Corp. | 3,263 | 259,441 | ||||||
Rockwell Automation, Inc. (2) | 1,115 | 310,639 | ||||||
Westinghouse Air Brake Technologies Corp. | 1,941 | 179,795 | ||||||
Xylem, Inc. | 1,776 | 177,955 | ||||||
3,026,457 | ||||||||
Media - 1.1% | ||||||||
Charter Communications, Inc. - Class A (1)(2) | 1,352 | 440,955 | ||||||
Comcast Corp. - Class A | 39,783 | 1,565,461 | ||||||
FactSet Research Systems, Inc. | 474 | 182,438 | ||||||
Liberty Broadband Corp. - Class A (1) | 1,118 | 82,844 | ||||||
Sirius XM Holdings, Inc. (2) | 36,223 | 128,954 | ||||||
The Walt Disney Co. | 24,276 | 2,135,317 | ||||||
ViacomCBS, Inc. - Class A (2) | 4,751 | 72,262 | ||||||
Warner Bros Discovery, Inc. (1)(2) | 46,115 | 520,177 | ||||||
5,128,408 | ||||||||
Mining - 0.3% | ||||||||
Freeport-McMoRan, Inc. (2) | 13,871 | 476,330 | ||||||
Newmont Corp. | 10,739 | 435,467 | ||||||
Southern Copper Corp. | 6,281 | 419,382 | ||||||
1,331,179 | ||||||||
Miscellaneous Manufacturers - 1.0% | ||||||||
3M Co. | 4,517 | 421,481 | ||||||
Axon Enterprise, Inc. (1) | 1,877 | 362,092 | ||||||
Eaton Corp PLC | 3,724 | 655,052 | ||||||
General Electric Co. | 17,819 | 1,809,163 | ||||||
Illinois Tool Works, Inc. | 3,002 | 656,627 | ||||||
Parker-Hannifin Corp. | 1,447 | 463,677 | ||||||
Teledyne Technologies, Inc. (1) | 650 | 252,623 | ||||||
Textron, Inc. | 1,970 | 121,884 | ||||||
4,742,599 | ||||||||
Office & Business Equipment - 0.0% (3) | ||||||||
Zebra Technologies Corp. (1)(2) | 507 | 133,123 | ||||||
Oil & Gas - 6.6% | ||||||||
Chevron Corp. | 43,649 | 6,574,412 | ||||||
ConocoPhillips | 32,890 | 3,265,977 | ||||||
Coterra Energy, Inc. (2) | 25,271 | 587,551 | ||||||
Devon Energy Corp. | 13,607 | 627,283 | ||||||
Diamondback Energy, Inc. | 3,629 | 461,427 | ||||||
EOG Resources, Inc. | 12,173 | 1,306,041 | ||||||
Exxon Mobil Corp. | 86,178 | 8,805,668 | ||||||
Hess Corp. | 8,761 | 1,109,756 | ||||||
Marathon Oil Corp. | 14,908 | 330,361 | ||||||
Marathon Petroleum Corp. | 18,726 | 1,964,545 | ||||||
Occidental Petroleum Corp. (2) | 24,010 | 1,384,417 | ||||||
Phillips 66 | 19,122 | 1,751,766 | ||||||
Pioneer Natural Resources Co. | 5,676 | 1,132,021 | ||||||
Valero Energy Corp. | 16,095 | 1,722,809 | ||||||
31,024,034 | ||||||||
Oil & Gas Services - 0.4% | ||||||||
Baker Hughes Co. | 12,590 | 343,078 | ||||||
Halliburton Co. | 16,665 | 477,452 | ||||||
Schlumberger NV | 24,503 | 1,049,463 | ||||||
1,869,993 | ||||||||
Packaging & Containers - 0.1% | ||||||||
Ball Corp. (2) | 3,081 | 157,624 | ||||||
Packaging Corp of America | 933 | 115,720 | ||||||
273,344 | ||||||||
Pharmaceuticals - 4.7% | ||||||||
AbbVie, Inc. | 18,445 | 2,544,672 | ||||||
AmerisourceBergen Corp. | 2,043 | 347,616 | ||||||
Becton Dickinson & Co. | 2,631 | 636,071 | ||||||
Bristol-Myers Squibb Co. | 22,865 | 1,473,421 | ||||||
Cardinal Health, Inc. | 1,643 | 135,219 | ||||||
CVS Health Corp. | 14,703 | 1,000,245 | ||||||
Dexcom, Inc. (1) | 6,327 | 741,904 | ||||||
Eli Lilly & Co. | 7,453 | 3,200,765 | ||||||
Johnson & Johnson | 23,378 | 3,624,993 | ||||||
McKesson Corp. | 1,658 | 648,013 | ||||||
Merck & Co., Inc. | 30,236 | 3,338,357 | ||||||
Pfizer, Inc. | 70,998 | 2,699,344 | ||||||
The Cigna Group | 2,864 | 708,582 | ||||||
Viatris, Inc. | 18,764 | 171,691 | ||||||
Zoetis, Inc. (2) | 4,244 | 691,814 | ||||||
21,962,707 | ||||||||
Pipelines - 0.6% | ||||||||
Cheniere Energy, Inc. | 8,179 | 1,143,179 | ||||||
Kinder Morgan, Inc. | 25,796 | 415,573 | ||||||
ONEOK, Inc. | 7,113 | 403,023 | ||||||
Targa Resources Corp. | 7,776 | 529,157 | ||||||
The Williams Companies, Inc. | 12,619 | 361,660 | ||||||
2,852,592 | ||||||||
Private Equity - 0.3% | ||||||||
Ares Management Corp. | 1,992 | 173,483 | ||||||
Blackstone, Inc. (2) | 7,567 | 648,038 | ||||||
KKR & Co., Inc. | 10,345 | 532,664 | ||||||
1,354,185 | ||||||||
Real Estate - 0.1% | ||||||||
CBRE Group, Inc. (1) | 2,833 | 212,248 | ||||||
Real Estate Investment Trusts (REITs) - 2.3% | ||||||||
Alexandria Real Estate Equities, Inc. | 2,116 | 240,081 | ||||||
American Tower Corp. | 4,947 | 912,425 | ||||||
AvalonBay Communities, Inc. | 1,273 | 221,476 | ||||||
Crown Castle, Inc. | 5,360 | 606,806 | ||||||
Digital Realty Trust, Inc. (2) | 2,369 | 242,728 | ||||||
Equinix, Inc. | 995 | 741,822 | ||||||
Equity Residential | 3,294 | 200,275 | ||||||
Essex Property Trust, Inc. | 502 | 108,462 | ||||||
Extra Space Storage, Inc. (2) | 1,632 | 235,449 | ||||||
Healthpeak Properties, Inc. | 4,797 | 95,748 | ||||||
Host Hotels & Resorts, Inc. | 31,280 | 519,248 | ||||||
Invitation Homes, Inc. | 7,576 | 256,675 | ||||||
Iron Mountain, Inc. (2) | 2,984 | 159,405 | ||||||
Mid-America Apartment Communities, Inc. | 1,125 | 165,442 | ||||||
Prologis, Inc. | 11,709 | 1,458,356 | ||||||
Public Storage | 2,562 | 725,815 | ||||||
Realty Income Corp. (2) | 16,217 | 963,938 | ||||||
SBA Communications Corp. | 1,543 | 342,207 | ||||||
Simon Property Group, Inc. | 2,881 | 302,937 | ||||||
Sun Communities, Inc. | 1,695 | 214,638 | ||||||
UDR, Inc. (2) | 4,005 | 158,878 | ||||||
Ventas, Inc. | 2,535 | 109,360 | ||||||
VICI Properties, Inc. | 25,987 | 803,778 | ||||||
W.P. Carey, Inc. (2) | 2,263 | 156,962 | ||||||
Welltower, Inc. (2) | 6,687 | 498,917 | ||||||
Weyerhaeuser Co. | 6,001 | 171,989 | ||||||
10,613,817 | ||||||||
Retail - 3.9% | ||||||||
AutoZone, Inc. (1) | 176 | 420,084 | ||||||
Best Buy Co., Inc. | 1,521 | 110,531 | ||||||
Burlington Stores, Inc. (1) | 525 | 78,992 | ||||||
CarMax, Inc. (1)(2) | 1,230 | 88,818 | ||||||
Chipotle Mexican Grill, Inc. (1) | 288 | 598,029 | ||||||
Costco Wholesale Corp. | 4,793 | 2,451,907 | ||||||
Darden Restaurants, Inc. | 1,309 | 207,503 | ||||||
Dollar General Corp. | 2,116 | 425,506 | ||||||
Dollar Tree, Inc. (1) | 2,056 | 277,313 | ||||||
Domino’s Pizza, Inc. | 314 | 91,013 | ||||||
Genuine Parts Co. | 1,588 | 236,501 | ||||||
Lowe’s Companies, Inc. | 5,145 | 1,034,814 | ||||||
McDonald’s Corp. | 6,090 | 1,736,320 | ||||||
O’Reilly Automotive, Inc. (1) | 559 | 504,950 | ||||||
Ross Stores, Inc. | 2,831 | 293,348 | ||||||
Starbucks Corp. | 11,064 | 1,080,289 | ||||||
Target Corp. | 4,059 | 531,445 | ||||||
The Home Depot, Inc. | 9,141 | 2,591,016 | ||||||
The TJX Companies, Inc. | 10,501 | 806,372 | ||||||
Tractor Supply Co. | 1,142 | 239,352 | ||||||
Ulta Beauty, Inc. (1) | 592 | 242,619 | ||||||
Walgreens Boots Alliance, Inc. (2) | 7,845 | 238,253 | ||||||
Walmart, Inc. | 25,672 | 3,770,447 | ||||||
Yum! Brands, Inc. | 2,367 | 304,609 | ||||||
18,360,031 | ||||||||
Semiconductors - 6.9% | ||||||||
Advanced Micro Devices, Inc. (1) | 38,059 | 4,498,954 | ||||||
Analog Devices, Inc. | 12,418 | 2,206,555 | ||||||
Applied Materials, Inc. | 7,709 | 1,027,610 | ||||||
Broadcom, Inc. | 6,170 | 4,985,113 | ||||||
GLOBALFOUNDRIES, Inc. (1)(2) | 19,477 | 1,136,093 | ||||||
Intel Corp. | 25,831 | 812,127 | ||||||
KLA Corp. | 1,698 | 752,197 | ||||||
Lam Research Corp. | 1,297 | 799,860 | ||||||
Marvell Technology, Inc. | 33,914 | 1,983,630 | ||||||
Microchip Technology, Inc. (2) | 9,867 | 742,590 | ||||||
Micron Technology, Inc. | 7,579 | 516,888 | ||||||
Monolithic Power Systems, Inc. (2) | 986 | 483,051 | ||||||
NVIDIA Corp. | 21,842 | 8,263,702 | ||||||
ON Semiconductor Corp. (1)(2) | 6,208 | 518,989 | ||||||
Qorvo, Inc. (1) | 682 | 66,331 | ||||||
QUALCOMM, Inc. | 13,146 | 1,490,888 | ||||||
Skyworks Solutions, Inc. | 1,502 | 155,472 | ||||||
Teradyne, Inc. (2) | 1,120 | 112,213 | ||||||
Texas Instruments, Inc. | 9,349 | 1,625,604 | ||||||
32,177,867 | ||||||||
Software - 12.0% | ||||||||
Activision Blizzard, Inc. | 6,698 | 537,180 | ||||||
Adobe, Inc. (1) | 5,302 | 2,215,123 | ||||||
Akamai Technologies, Inc. (1) | 1,551 | 142,878 | ||||||
ANSYS, Inc. (1) | 961 | 310,970 | ||||||
Aspen Technology, Inc. (1) | 1,135 | 186,049 | ||||||
Atlassian Corp. - Class A (1) | 3,352 | 606,008 | ||||||
Autodesk, Inc. (1) | 3,035 | 605,149 | ||||||
Broadridge Financial Solutions, Inc. | 1,125 | 165,060 | ||||||
Cadence Design Systems, Inc. (1) | 3,686 | 851,134 | ||||||
Cloudflare, Inc. - Class A (1) | 8,941 | 618,360 | ||||||
Datadog, Inc. - Class A (1) | 12,206 | 1,158,471 | ||||||
DocuSign, Inc. (1) | 5,451 | 307,436 | ||||||
Electronic Arts, Inc. | 3,535 | 452,480 | ||||||
Fair Isaac Corp. (1) | 223 | 175,650 | ||||||
Fidelity National Information Services, Inc. | 3,916 | 213,696 | ||||||
Fiserv, Inc. (1) | 8,409 | 943,406 | ||||||
HubSpot, Inc. (1)(2) | 997 | 516,436 | ||||||
Intuit, Inc. | 3,912 | 1,639,597 | ||||||
Jack Henry & Associates, Inc. (2) | 662 | 101,213 | ||||||
Microsoft Corp. | 68,970 | 22,649,058 | ||||||
MongoDB, Inc. (1) | 1,449 | 425,702 | ||||||
MSCI, Inc. | 966 | 454,532 | ||||||
Oracle Corp. | 29,440 | 3,118,874 | ||||||
Palantir Technologies, Inc. - Class A (1)(2) | 40,665 | 598,182 | ||||||
Paychex, Inc. | 3,804 | 399,154 | ||||||
Paycom Software, Inc. | 1,032 | 289,094 | ||||||
PTC, Inc. (1) | 1,114 | 149,722 | ||||||
ROBLOX Corp. - Class A (1) | 5,748 | 240,611 | ||||||
Roper Technologies, Inc. | 823 | 373,823 | ||||||
Salesforce, Inc. (1) | 31,318 | 6,995,815 | ||||||
ServiceNow, Inc. (1) | 5,538 | 3,016,992 | ||||||
Snowflake, Inc. (1)(2) | 7,919 | 1,309,486 | ||||||
Splunk, Inc. (1) | 4,488 | 445,613 | ||||||
SS&C Technologies Holdings, Inc. | 2,607 | 143,281 | ||||||
Synopsys, Inc. (1) | 1,912 | 869,884 | ||||||
Take-Two Interactive Software, Inc. (1)(2) | 3,084 | 424,759 | ||||||
Twilio, Inc. - Class A (1) | 3,369 | 234,550 | ||||||
Tyler Technologies, Inc. (1) | 448 | 177,838 | ||||||
Unity Software, Inc. (1)(2) | 5,665 | 168,364 | ||||||
Veeva Systems, Inc. - Class A (1) | �� | 1,789 | 296,437 | |||||
VMware, Inc. | 4,659 | 634,975 | ||||||
Workday, Inc. - Class A (1) | 2,692 | 570,677 | ||||||
Zoom Video Communications, Inc. - Class A (1) | 7,583 | 509,047 | ||||||
56,242,766 | ||||||||
Telecommunications - 1.8% | ||||||||
Arista Networks, Inc. (1) | 7,225 | 1,201,806 | ||||||
AT&T, Inc. | 63,215 | 994,372 | ||||||
Cisco Systems, Inc. | 39,526 | 1,963,256 | ||||||
Corning, Inc. | 7,542 | 232,369 | ||||||
Motorola Solutions, Inc. | 1,786 | 503,509 | ||||||
T-Mobile US, Inc. (1) | 15,899 | 2,182,138 | ||||||
Ubiquiti, Inc. (2) | 539 | 87,938 | ||||||
Verizon Communications, Inc. | 37,025 | 1,319,201 | ||||||
8,484,589 | ||||||||
Transportation - 1.1% | ||||||||
C.H. Robinson Worldwide, Inc. (2) | 952 | 90,002 | ||||||
CSX Corp. | 22,174 | 680,077 | ||||||
Expeditors International of Washington, Inc. (2) | 1,272 | 140,314 | ||||||
FedEx Corp. | 2,263 | 493,289 | ||||||
J.B. Hunt Transport Services, Inc. | 1,295 | 216,226 | ||||||
Norfolk Southern Corp. | 2,435 | 506,918 | ||||||
Old Dominion Freight Line, Inc. (2) | 1,438 | 446,413 | ||||||
Union Pacific Corp. | 6,570 | 1,264,856 | ||||||
United Parcel Service, Inc. - Class B | 6,772 | 1,130,924 | ||||||
4,969,019 | ||||||||
Water - 0.1% | ||||||||
American Water Works Co., Inc. | 1,542 | 222,742 | ||||||
Total Common Stocks | ||||||||
(Cost $450,062,648) | 466,361,870 | |||||||
Contingent Value Rights - 0.0% (5) | ||||||||
Abiomed, Inc. - Contingent Value Right (1)(4) | 455 | 0 | ||||||
Total Contingent Value Rights | ||||||||
(Cost $0) | ||||||||
Short-Term Investments - 0.2% | ||||||||
Money Market Funds - 0.2% | ||||||||
First American Government Obligations Fund, Class X, 4.970% (3) | 891,080 | 891,080 | ||||||
Total Short-Term Investments | ||||||||
(Cost $891,080) | 891,080 | |||||||
Investments Purchased with Proceeds from Securities Lending - 5.7% | ||||||||
Mount Vernon Liquid Assets Portfolio, LLC, 5.290% (3) | 26,722,491 | 26,722,491 | ||||||
Total Investments Purchased with Proceeds from Securities Lending | ||||||||
(Cost $26,722,491) | 26,722,491 | |||||||
Total Investments in Securities - 105.6% | ||||||||
(Cost $477,676,219) | 493,975,441 | |||||||
Liabilities in Excess of Other Assets - (5.6)% | (25,979,661 | ) | ||||||
Total Net Assets - 100.0% | $ | 467,995,780 |
(1) | Non-income producing security. | |
(2) | This security or a portion of this security was out on loan as of May 31, 2023. Total loaned securities had a value of $25,992,034 or 5.6% 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 May 31, 2023. | |
(4) | This security was fair valued by the Fair Valuation Committee. | |
(5) | Does not round to 0.1% or (0.1)%, as applicable. |
Summary of Fair Value Exposure at May 31, 2023 (Unaudited) | |||||
The SoFi Select 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 May 31, 2023: |
Investments in Securities | Investments Measured at Net Asset Value | Level 1 | Level 2 | Level 3 | Total | ||||||||||||||
Common Stocks (1) | $ | – | $ | 466,361,870 | $ | – | $ | – | $ | 466,361,870 | |||||||||
Contingent Value Rights (2) | – | – | – | 0 | 0 | ||||||||||||||
Short-Term Investments | – | 891,080 | – | – | 891,080 | ||||||||||||||
Investments Purchased With Collateral From Securities Lending (3) | 26,722,491 | – | – | – | 26,722,491 | ||||||||||||||
Total Investments in Securities | $ | 26,722,491 | $ | 467,252,950 | $ | – | $ | 0 | $ | 493,975,441 | |||||||||
Contingent Value Rights (2) | |||||||||||||||||||
Balance as of February 28, 2023 | $ | 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 Investment for the industry breakout. | |||||||||||||||||||
(2) The Level 3 securities (Contingent Value Rights) were fair valued at $0 due to a lack of market activity. | |||||||||||||||||||
(3) 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. |