SoFi Smart Energy ETF |
Schedule of Investments |
as of November 30, 2023 (Unaudited) |
COMMON STOCKS - 99.7% | Shares | Value | |||||
Auto Manufacturers - 5.1% | |||||||
BYD Co. Ltd. - Class H | 1,403 | $ | 37,723 | ||||
Proterra, Inc.(a) | 26,467 | 789 | |||||
Tesla, Inc.(a) | 191 | 45,855 | |||||
84,367 | |||||||
Commercial Services - 2.7% | |||||||
Quanta Services, Inc. | 239 | 45,006 | |||||
Distribution & Wholesale - 2.6% | |||||||
Resideo Technologies, Inc.(a) | 2,634 | 43,277 | |||||
Electric - 4.1% | |||||||
Altus Power, Inc.(a) | 7,776 | 38,880 | |||||
Ameresco, Inc. - Class A(a)(b) | 945 | 28,312 | |||||
67,192 | |||||||
Electrical Components & Equipment - 18.1% | |||||||
Blink Charging Co.(a)(b) | 7,903 | 25,448 | |||||
ChargePoint Holdings, Inc.(a)(b) | 5,957 | 11,080 | |||||
Eaton Corp. PLC | 223 | 50,775 | |||||
EnerSys | 453 | 40,081 | |||||
Nexans SA | 549 | 43,189 | |||||
Prysmian SpA | 1,190 | 45,872 | |||||
Schneider Electric SE | 274 | 50,410 | |||||
SMA Solar Technology AG(a) | 540 | 32,789 | |||||
299,644 | |||||||
Electronics - 11.8% | |||||||
ABB Ltd. | 1,225 | 48,899 | |||||
Advanced Energy Industries, Inc. | 393 | 37,355 | |||||
Smart Metering Systems PLC | 5,472 | 44,750 | |||||
Trimble, Inc.(a) | 900 | 41,759 | |||||
Vicor Corp.(a) | 617 | 22,564 | |||||
195,327 | |||||||
Energy - Alternate Sources - 27.0%(c) | |||||||
Ballard Power Systems, Inc.(a) | 10,833 | 38,591 | |||||
Canadian Solar, Inc.(a) | 1,379 | 29,000 | |||||
Enphase Energy, Inc.(a) | 344 | 34,751 | |||||
Fluence Energy, Inc.(a) | 1,750 | 43,889 | |||||
FuelCell Energy, Inc.(a)(b) | 24,062 | 29,356 | |||||
ITM Power PLC(a) | 42,433 | 27,547 | |||||
Landis+Gyr Group AG | 560 | 47,270 | |||||
Meyer Burger Technology AG(a) | 83,441 | 19,614 | |||||
Plug Power, Inc.(a)(b) | 4,152 | 16,774 | |||||
SolarEdge Technologies, Inc.(a)(b) | 248 | 19,686 | |||||
Stem, Inc.(a)(b) | 7,395 | 21,224 | |||||
Sunnova Energy International, Inc.(a)(b) | 2,915 | 33,814 | |||||
SunPower Corp.(a) | 5,350 | 22,203 | |||||
Sunrun, Inc.(a) | 2,712 | 34,985 | |||||
Xinyi Solar Holdings Ltd. | 51,688 | 29,714 | |||||
448,418 | |||||||
Engineering & Construction - 4.8% | |||||||
Alfen NV(a) | 756 | 38,200 | |||||
MYR Group, Inc.(a) | 336 | 41,805 | |||||
80,005 | |||||||
Hand & Machine Tools - 3.2% | |||||||
Meidensha Corp. | 3,232 | 53,497 | |||||
Industrial Other - 2.0% | |||||||
Nibe Industries AB - Class B(a) | 5,594 | 33,077 | |||||
Machinery - Construction & Mining - 2.5% | |||||||
Bloom Energy Corp. - Class A(a)(b) | 2,884 | 41,645 | |||||
Metal Fabricate & Hardware - 2.5% | |||||||
Valmont Industries, Inc. | 186 | 40,840 | |||||
Miscellaneous Manufacturers - 3.0% | |||||||
Siemens AG | 301 | 50,577 | |||||
Retail - 2.1% | |||||||
EVgo, Inc.(a)(b) | 11,407 | 35,590 | |||||
Semiconductors - 8.2% | |||||||
Analog Devices, Inc.(b) | 252 | 46,212 | |||||
Infineon Technologies AG | 1,156 | 44,839 | |||||
NXP Semiconductors NV | 224 | 45,714 | |||||
136,765 | |||||||
TOTAL COMMON STOCKS (Cost $2,653,853) | 1,655,227 | ||||||
SHORT-TERM INVESTMENTS - 17.3% | |||||||
Investments Purchased with Proceeds from Securities Lending - 17.0% | |||||||
Mount Vernon Liquid Assets Portfolio, LLC, 4.93%(d) | 282,400 | 282,400 | |||||
Money Market Funds - 0.3% | |||||||
First American Government Obligations Fund - Class X, 5.29%(d) | 4,590 | 4,590 | |||||
TOTAL SHORT-TERM INVESTMENTS (Cost $286,990) | 286,990 | ||||||
TOTAL INVESTMENTS - 117.0% (Cost $2,940,843) | $ | 1,942,217 | |||||
Liabilities in Excess of Other Assets - (17.0)% | (282,418) | ||||||
TOTAL NET ASSETS - 100.0% | $ | 1,659,799 | |||||
Percentages are stated as a percent of net assets. |
PLC - Public Limited Company |
(a) | Non-income producing security. |
(b) | All or a portion of this security is on loan as of November 30, 2023. The total market value of these securities was $267,062 which represented 16.1% of net assets. The remaining contractual maturity of all of the securities lending transactions is overnight and continuous. |
(c) | Despite a concentration greater than 25% of total assets, as of August 31, 2023, the Fund was in compliance with its investment limitations as the index the Fund tracks will at times invest in greater than 25% of an industry. |
(d) | The rate shown represents the annualized seven-day effective yield as of November 30, 2023. |
Summary of Fair Value Exposure at November 30, 2023 (Unaudited)
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, 2023:
SoFi Smart Energy ETF | ||||||||||||||||
Level 1 | Level 2 | Level 3 | Total | |||||||||||||
Investments: | ||||||||||||||||
Common Stocks | $ | 1,655,227 | $ | – | $ | – | $ | 1,655,227 | ||||||||
Investments Purchased with Proceeds from Securities Lending(a) | – | – | – | 282,400 | ||||||||||||
Money Market Funds | 4,590 | – | – | 4,590 | ||||||||||||
Total Investments | $ | 1,659,817 | $ | – | $ | – | $ | 1,942,217 | ||||||||
Refer to the Schedule of Investments for industry classifications. |
(a) | 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 listed in the Schedule of Investments. |