Aztlan Global Stock Selection DM SMID ETF
SCHEDULE OF INVESTMENTS at October 31, 2023 (Unaudited) |
Shares | Value | |||||||
Common Stocks - 99.7% | ||||||||
Advertising - 3.7% | ||||||||
Dentsu Group, Inc. | 48,585 | $ | 1,395,521 | |||||
Auto Manufacturers - 3.6% | ||||||||
Mazda Motor Corp. | 145,148 | 1,364,791 | ||||||
Banks - 3.7% | ||||||||
Banca Monte dei Paschi di Siena SpA (1) | 528,810 | 1,425,893 | ||||||
Building Materials - 3.7% | ||||||||
Hayward Holdings, Inc. (1) | 133,322 | 1,399,881 | ||||||
Commercial Services - 7.3% | ||||||||
H&R Block, Inc. | 34,320 | 1,408,836 | ||||||
WEX, Inc. (1) | 8,309 | 1,383,282 | ||||||
2,792,118 | ||||||||
Diversified Financial Services - 3.7% | ||||||||
SBI Holdings, Inc. | 66,476 | 1,416,475 | ||||||
Electric - 10.9% | ||||||||
A2A SpA | 751,316 | 1,406,429 | ||||||
AGL Energy Ltd. | 202,448 | 1,377,939 | ||||||
Brookfield Renewable Corp. - Class A | 61,342 | 1,396,144 | ||||||
4,180,512 | ||||||||
Electronics - 3.6% | ||||||||
Shibaura Mechatronics Corp. | 31,888 | 1,351,784 | ||||||
Entertainment - 3.7% | ||||||||
International Game Technology PLC | 55,458 | 1,409,742 | ||||||
Food - 7.4% | ||||||||
Marks & Spencer Group PLC (1) | 537,293 | 1,413,483 | ||||||
US Foods Holding Corp. (1) | 35,919 | 1,398,686 | ||||||
2,812,169 | ||||||||
Healthcare - Products - 3.7% | ||||||||
Demant A/S (1) | 37,434 | 1,424,447 |
Shares | Value | |||||||
Healthcare - Services - 7.4% | ||||||||
Tenet Healthcare Corp. (1) | 26,308 | $ | 1,412,740 | |||||
SUNWELS Co., Ltd. (1) | 83,580 | 1,422,756 | ||||||
2,835,496 | ||||||||
Housewares - 3.7% | ||||||||
The Scotts Miracle-Gro Co. | 31,557 | 1,402,393 | ||||||
Internet - 3.7% | ||||||||
Scout24 SE | 22,877 | 1,402,987 | ||||||
Iron & Steel - 7.5% | ||||||||
JFE Holdings, Inc. | 100,829 | 1,387,818 | ||||||
thyssenkrupp AG (1) | 210,194 | 1,457,030 | ||||||
2,844,848 | ||||||||
Machinery - Diversified - 4.2% | ||||||||
Wartsila OYJ Abp | 135,569 | 1,610,658 | ||||||
Media - 3.7% | ||||||||
Nexstar Media Group, Inc. | 10,079 | 1,411,866 | ||||||
Retail - 3.7% | ||||||||
Lawson, Inc. | 29,564 | 1,425,444 | ||||||
Semiconductors - 3.7% | ||||||||
BE Semiconductor Industries NV | 13,706 | 1,409,614 | ||||||
Telecommunications - 3.7% | ||||||||
Extreme Networks, Inc. (1) | 67,726 | 1,396,510 | ||||||
Transportation - 3.5% | ||||||||
Kawasaki Kisen Kaisha Ltd. | 39,158 | 1,329,787 | ||||||
Total Common Stocks | ||||||||
(Cost $38,884,037) | 38,042,936 | |||||||
Short-Term Investments - 0.2% | ||||||||
Money Market Funds - 0.2% | ||||||||
First American Government Obligations Fund, Class X, 5.276% (2) | 90,025 | 90,025 | ||||||
Total Short-Term Investments | ||||||||
(Cost $90,025) | 90,025 | |||||||
Total Investments in Securities - 99.9% | ||||||||
(Cost $38,974,062) | 38,132,961 | |||||||
Other Assets in Excess of Liabilities - 0.1% | 44,724 | |||||||
Total Net Assets - 100.0% | $ | 38,177,685 |
(1) | Non-income producing security. |
(2) | The rate shown is the annualized seven-day effective yield as of October 31, 2023. |
Summary of Fair Value Exposure at October 31, 2023 (Unaudited) |
The Aztlan Global Stock Selection DM SMID 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.
|
The following is a summary of the inputs used to value the Fund’s investments as of October 31, 2023: |
Investments in Securities | Level 1 | Level 2 | Level 3 | Total | ||||||||||||
Common Stocks (1) | $ | 38,042,936 | $ | — | $ | — | $ | 38,042,936 | ||||||||
Short-Term Investments | 90,025 | — | — | 90,025 | ||||||||||||
Total Investments in Securities | $ | 38,132,961 | $ | — | $ | — | $ | 38,132,961 |
(1) See Schedule of Investments for the industry breakout. |