Residential REIT ETF
SCHEDULE OF INVESTMENTS at October 31, 2023 (Unaudited) |
Shares | Value | |||||||
Real Estate Investment Trusts (1) - 99.9% | ||||||||
REITS - Apartments - 75.0% | ||||||||
American Homes 4 Rent - Class A | 4,060 | $ | 132,924 | |||||
Apartment Income REIT Corp. | 4,534 | 132,438 | ||||||
Apartment Investment and Management Co. | 22,660 | 132,788 | ||||||
AvalonBay Communities, Inc. | 797 | 132,095 | ||||||
BRT Apartments Corp. | 8,209 | 133,232 | ||||||
Camden Property Trust | 1,553 | 131,819 | ||||||
Centerspace | 2,703 | 131,312 | ||||||
Elme Communities | 10,369 | 132,308 | ||||||
Equity Residential | 2,398 | 132,681 | ||||||
Essex Property Trust, Inc. | 618 | 132,203 | ||||||
Independence Realty Trust, Inc. | 10,705 | 132,635 | ||||||
Invitation Homes, Inc. | 4,453 | 132,210 | ||||||
Mid-America Apartment Communities, Inc. | 1,117 | 131,973 | ||||||
NexPoint Residential Trust, Inc. | 5,009 | 135,193 | ||||||
UDR, Inc. | 4,155 | 132,170 | ||||||
1,987,981 | ||||||||
REITS - Diversified - 10.0% | ||||||||
UMH Properties, Inc. | 9,579 | 132,286 | ||||||
Veris Residential, Inc. (2) | 9,865 | 132,092 | ||||||
264,378 | ||||||||
REITS - Health Care - 2.0% | ||||||||
CareTrust REIT, Inc. | 1,235 | 26,578 | ||||||
Welltower, Inc. | 315 | 26,337 | ||||||
52,915 | ||||||||
REITS - Management & Service - 1.0% | ||||||||
Tricon Residential, Inc. | 3,989 | 26,447 | ||||||
REITS - Manufactured Homes - 9.9% | ||||||||
Equity LifeStyle Properties, Inc. | 2,001 | 131,666 | ||||||
Sun Communities, Inc. | 1,190 | 132,376 | ||||||
264,042 | ||||||||
REITS - Storage - 2.0% | ||||||||
Extra Space Storage, Inc. | 255 | 26,415 | ||||||
Public Storage | 111 | 26,497 | ||||||
52,912 | ||||||||
Total Real Estate Investment Trusts | ||||||||
(Cost $3,251,208) | 2,648,675 | |||||||
Short-Term Investments - 1.5% | ||||||||
Money Market Funds - 1.5% | ||||||||
First American Government Obligations Fund, Class X, 5.276% (3) | 39,876 | 39,876 | ||||||
Total Short-Term Investments | ||||||||
(Cost $39,876) | 39,876 | |||||||
Total Investments In Securities - 101.4% | ||||||||
(Cost $3,291,084) | 2,688,551 | |||||||
Liabilities in Excess of Other Assets - (1.4)% | (37,346 | ) | ||||||
Total Net Assets - 100.0% | $ | 2,651,205 |
REIT | Real Estate Investment Trust | |
(1) | Grouped by Bloomberg Sector Categories. | |
(2) | Non-income producing security. | |
(3) | 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 Residential REIT ETF (the “Funds”) 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 | ||||||||||||
Real Estate Investment Trusts (1) | $ | 2,648,675 | $ | — | $ | — | $ | 2,648,675 | ||||||||
Short-Term Investments | 39,876 | — | — | 39,876 | ||||||||||||
Total Investments in Securities | $ | 2,688,551 | $ | — | $ | — | $ | 2,688,551 |
(1) See Schedule of Investments for industry breakout.