SoFi Web 3 ETF | ||||||||
Schedule of Investments | ||||||||
as of November 30, 2023 (Unaudited) | ||||||||
COMMON STOCKS - 99.8% | Shares | Value | ||||||
Advertising - 0.2% | ||||||||
S4 Capital PLC(a) | 5,285 | $ | 3,066 | |||||
Apparel - 0.3% | ||||||||
PLBY Group, Inc.(a) | 11,739 | 6,163 | ||||||
Commercial Services - 9.3% | ||||||||
Bakkt Holdings, Inc.(a)(b) | 10,707 | 16,061 | ||||||
Block, Inc.(a) | 516 | 32,730 | ||||||
CompoSecure, Inc.(a)(b) | 9,913 | 49,465 | ||||||
Creek & River Co. Ltd. | 2,008 | 28,429 | ||||||
Marathon Digital Holdings, Inc.(a)(b) | 3,235 | 38,723 | ||||||
165,408 | ||||||||
Computers - 5.7% | ||||||||
Apple, Inc. | 358 | 68,002 | ||||||
Vuzix Corp.(a)(b) | 16,002 | 33,604 | ||||||
101,606 | ||||||||
Diversified Financial Services - 11.2% | ||||||||
Coinbase Global, Inc. - Class A(a)(b) | 925 | 115,366 | ||||||
SBI Holdings, Inc. | 3,800 | 82,433 | ||||||
197,799 | ||||||||
Electronics - 3.3% | ||||||||
Kopin Corp.(a) | 38,973 | 59,239 | ||||||
Entertainment - 7.3% | ||||||||
AMC Entertainment Holdings, Inc.(a)(b) | 1,020 | 6,783 | ||||||
DraftKings, Inc. - Class A(a) | 3,189 | 121,947 | ||||||
128,730 | ||||||||
Internet - 24.0% | ||||||||
Alphabet, Inc. - Class A(a) | 699 | 92,638 | ||||||
Amazon.com, Inc.(a) | 434 | 63,403 | ||||||
Beyond, Inc.(a) | 1,557 | 29,926 | ||||||
Farfetch Ltd. - Class A(a) | 1,545 | 1,808 | ||||||
Hive Digital Technologies Ltd.(a) | 14,632 | 45,002 | ||||||
Meta Platforms, Inc. - Class A(a) | 315 | 103,053 | ||||||
Robinhood Markets, Inc. - Class A(a) | 5,509 | 48,479 | ||||||
Snap, Inc. - Class A(a)(b) | 2,964 | 40,992 | ||||||
425,301 | ||||||||
Investment Companies - 2.0% | ||||||||
Galaxy Digital Holdings Ltd.(a) | 5,721 | 34,937 | ||||||
Media - 3.5% | ||||||||
The Walt Disney Co.(a) | 660 | 61,175 | ||||||
Real Estate - 0.6% | ||||||||
eXp World Holdings, Inc.(b) | 813 | 9,845 | ||||||
Retail - 3.1% | ||||||||
GameStop Corp. - Class A(a)(b) | 3,818 | 55,552 | ||||||
Semiconductors - 15.3% | ||||||||
Advanced Micro Devices, Inc.(a) | 588 | 71,242 | ||||||
Ambarella, Inc.(a) | 475 | 27,887 | ||||||
CEVA, Inc.(a) | 374 | 8,138 | ||||||
Himax Technologies, Inc. - ADR | 6,637 | 37,897 | ||||||
Intel Corp. | 590 | 26,373 | ||||||
NVIDIA Corp. | 214 | 100,088 | ||||||
271,625 | ||||||||
Software - 10.2% | ||||||||
C3.ai, Inc. - Class A(a)(b) | 1,309 | 38,118 | ||||||
Microsoft Corp. | 226 | 85,634 | ||||||
MIXI, Inc. | 2,578 | 42,149 | ||||||
Veritone, Inc.(a) | 7,164 | 14,829 | ||||||
180,730 | ||||||||
Telecommunications - 0.3% | ||||||||
Applied Digital Corp.(a) | 1,304 | 6,090 | ||||||
Toys, Games & Hobbies - 3.5% | ||||||||
Funko, Inc. - Class A(a) | 9,564 | 61,975 | ||||||
TOTAL COMMON STOCKS (Cost $1,834,373) | 1,769,241 | |||||||
SHORT-TERM INVESTMENTS - 20.1% | ||||||||
Investments Purchased with Proceeds from Securities Lending - 20.0% | ||||||||
Mount Vernon Liquid Assets Portfolio, LLC, 4.93%(c) | 354,102 | 354,102 | ||||||
Money Market Funds - 0.1% | ||||||||
First American Government Obligations Fund - Class X, 5.29%(c) | 2,924 | 2,924 | ||||||
TOTAL SHORT-TERM INVESTMENTS (Cost $357,026) | 357,026 | |||||||
TOTAL INVESTMENTS - 119.9% (Cost $2,191,399) | $ | 2,126,267 | ||||||
Liabilities in Excess of Other Assets - (19.9)% | (352,890 | ) | ||||||
TOTAL NET ASSETS - 100.0% | $ | 1,773,377 | ||||||
Percentages are stated as a percent of net assets. |
ADR - American Depositary Receipt |
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 $332,059 which represented 18.7% of net assets. The remaining contractual maturity of all of the securities lending transactions is overnight and continuous. |
(c) | 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 Web 3 ETF | ||||||||||||||||
Level 1 | Level 2 | Level 3 | Total | |||||||||||||
Investments: | ||||||||||||||||
Common Stocks | $ | 1,769,241 | $ | – | $ | – | $ | 1,769,241 | ||||||||
Investments Purchased with Proceeds from Securities Lending(a) | – | – | – | 354,102 | ||||||||||||
Money Market Funds | 2,924 | – | – | 2,924 | ||||||||||||
Total Investments | $ | 1,772,165 | $ | – | $ | – | $ | 2,126,267 | ||||||||
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. |