SoFi Next 500 ETF
Schedule of Investments
as of May 31, 2024 (Unaudited)
COMMON STOCKS - 93.8% | Shares | Value | ||||||
Advertising - 0.2% | ||||||||
The Interpublic Group of Cos., Inc. | 5,866 | $ | 184,016 | |||||
Aerospace & Defense - 0.9% | ||||||||
Curtiss-Wright Corp. | 695 | 196,560 | ||||||
HEICO Corp.(a) | 1,409 | 312,474 | ||||||
Hexcel Corp. | 1,654 | 113,911 | ||||||
Leonardo DRS, Inc.(b) | 3,955 | 93,140 | ||||||
716,085 | ||||||||
Agriculture - 0.1% | ||||||||
Darling Ingredients, Inc.(a)(b) | 2,421 | 97,808 | ||||||
Airlines - 0.6% | ||||||||
Alaska Air Group, Inc.(b) | 4,388 | 184,384 | ||||||
American Airlines Group, Inc.(b) | 30,229 | 347,633 | ||||||
532,017 | ||||||||
Apparel - 1.2% | ||||||||
Capri Holdings Ltd.(b) | 1,801 | 62,225 | ||||||
Columbia Sportswear Co. | 827 | 70,808 | ||||||
Crocs, Inc.(b) | 1,118 | 174,005 | ||||||
PVH Corp.(a) | 1,394 | 167,294 | ||||||
Ralph Lauren Corp. | 630 | 117,734 | ||||||
Skechers U.S.A., Inc. - Class A(b) | 2,129 | 152,053 | ||||||
Tapestry, Inc. | 3,755 | 163,305 | ||||||
VF Corp.(a) | 4,171 | 55,391 | ||||||
962,815 | ||||||||
Auto Manufacturers - 0.6% | ||||||||
Lucid Group, Inc.(a)(b) | 27,457 | 77,978 | ||||||
Rivian Automotive, Inc. - Class A(a)(b) | 37,095 | 405,077 | ||||||
483,055 | ||||||||
Auto Parts & Equipment - 0.7% | ||||||||
Allison Transmission Holdings, Inc. | 1,710 | 129,635 | ||||||
BorgWarner, Inc.(a) | 3,050 | 108,763 | ||||||
Gentex Corp. | 4,947 | 173,145 | ||||||
Lear Corp. | 1,324 | 165,963 | ||||||
577,506 | ||||||||
Banks - 4.6% | ||||||||
Bank OZK | 4,066 | 170,284 | ||||||
BOK Financial Corp.(a) | 1,801 | 163,207 | ||||||
Cadence Bank | 8,895 | 253,952 | ||||||
Columbia Banking System, Inc. | 7,858 | 151,502 | ||||||
Comerica, Inc. | 3,386 | 173,499 | ||||||
Commerce Bancshares, Inc.(a) | 2,913 | 162,079 | ||||||
Cullen/Frost Bankers, Inc.(a) | 1,701 | 172,787 | ||||||
East West Bancorp, Inc. | 4,261 | 316,124 | ||||||
First Financial Bankshares, Inc.(a) | 2,567 | 76,959 | ||||||
First Horizon National Corp. | 14,052 | 222,584 | ||||||
Glacier Bancorp, Inc.(a) | 2,175 | 81,301 | ||||||
Home BancShares, Inc. | 4,582 | 107,769 | ||||||
Old National Bancorp/IN | 9,038 | 154,459 |
Pinnacle Financial Partners, Inc.(a) | 2,708 | 215,313 | ||||||
Prosperity Bancshares, Inc. | 2,102 | 130,955 | ||||||
SouthState Corp. | 1,776 | 137,302 | ||||||
Synovus Financial Corp.(a) | 3,711 | 147,290 | ||||||
United Bankshares, Inc. | 3,271 | 106,111 | ||||||
Valley National Bancorp(a) | 15,367 | 109,567 | ||||||
Webster Financial Corp. | 5,564 | 246,040 | ||||||
Western Alliance Bancorp | 2,922 | 184,174 | ||||||
Wintrust Financial Corp.(a) | 2,121 | 209,152 | ||||||
Zions Bancorp N.A. | 3,634 | 156,952 | ||||||
3,849,362 | ||||||||
Beverages - 1.8% | ||||||||
Celsius Holdings, Inc.(b) | 11,232 | 898,336 | ||||||
Molson Coors Brewing Co. - Class B | 9,735 | 533,575 | ||||||
National Beverage Corp.(b) | 1,524 | 70,409 | ||||||
1,502,320 | ||||||||
Biotechnology - 2.3% | ||||||||
Apellis Pharmaceuticals, Inc.(b) | 5,392 | 211,636 | ||||||
Bio-Rad Laboratories, Inc. - Class A(b) | 518 | 148,593 | ||||||
Blueprint Medicines Corp.(b) | 1,311 | 138,389 | ||||||
Cytokinetics, Inc.(b) | 1,145 | 55,544 | ||||||
Exelixis, Inc.(b) | 6,645 | 144,130 | ||||||
Halozyme Therapeutics, Inc.(b) | 3,137 | 138,938 | ||||||
Intra-Cellular Therapies, Inc.(b) | 4,390 | 295,184 | ||||||
Ionis Pharmaceuticals, Inc.(b) | 3,018 | 113,386 | ||||||
REVOLUTION Medicines, Inc.(b) | 1,496 | 57,342 | ||||||
Sarepta Therapeutics, Inc.(b) | 2,647 | 343,739 | ||||||
United Therapeutics Corp.(b) | 1,044 | 287,236 | ||||||
1,934,117 | ||||||||
Building Materials - 2.8% | ||||||||
AAON, Inc. | 2,039 | 153,027 | ||||||
Armstrong World Industries, Inc. | 739 | 85,576 | ||||||
Boise Cascade Co. | 482 | 66,174 | ||||||
Eagle Materials, Inc. | 585 | 135,948 | ||||||
Fortune Brands Innovations, Inc. | 1,907 | 133,604 | ||||||
Knife River Corp.(b) | 1,149 | 81,246 | ||||||
Lennox International, Inc. | 625 | 314,125 | ||||||
Louisiana-Pacific Corp. | 765 | 70,135 | ||||||
MDU Resources Group, Inc. | 2,170 | 54,771 | ||||||
Mohawk Industries, Inc.(b) | 575 | 70,110 | ||||||
Owens Corning | 1,261 | 228,329 | ||||||
Simpson Manufacturing Co., Inc. | 714 | 118,467 | ||||||
SPX Technologies, Inc.(b) | 2,124 | 296,128 | ||||||
Summit Materials, Inc. - Class A(b) | 3,161 | 122,141 | ||||||
The AZEK Co., Inc.(b) | 4,197 | 201,288 | ||||||
Trex Co., Inc.(b) | 1,692 | 146,324 | ||||||
UFP Industries, Inc. | 693 | 82,800 | ||||||
2,360,193 | ||||||||
Chemicals - 1.4% | ||||||||
Ashland, Inc. | 689 | 69,017 | ||||||
Axalta Coating Systems Ltd.(b) | 4,293 | 152,788 | ||||||
Balchem Corp. | 502 | 77,107 | ||||||
Cabot Corp. | 793 | 81,124 | ||||||
Element Solutions, Inc.(a) | 4,033 | 96,913 | ||||||
FMC Corp.(a) | 1,497 | 91,242 | ||||||
Huntsman Corp. | 4,948 | 122,711 |
NewMarket Corp. | 162 | 86,681 | ||||||
Olin Corp. | 1,313 | 70,587 | ||||||
RPM International, Inc. | 2,088 | 234,065 | ||||||
The Chemours Co. | 2,121 | 52,643 | ||||||
1,134,878 | ||||||||
Commercial Services - 4.3% | ||||||||
ADT, Inc. | 26,422 | 187,860 | ||||||
Affirm Holdings, Inc.(b) | 5,901 | 172,722 | ||||||
Alight, Inc. - Class A(b) | 5,338 | 41,370 | ||||||
API Group Corp.(b) | 6,999 | 249,444 | ||||||
Avis Budget Group, Inc. | 521 | 59,253 | ||||||
Bright Horizons Family Solutions, Inc.(b) | 1,387 | 145,801 | ||||||
Dun & Bradstreet Holdings, Inc. | 11,613 | 111,369 | ||||||
Euronet Worldwide, Inc.(b) | 827 | 96,412 | ||||||
FTI Consulting, Inc.(b) | 659 | 141,553 | ||||||
GXO Logistics, Inc.(a)(b) | 2,254 | 113,218 | ||||||
H&R Block, Inc. | 2,197 | 109,059 | ||||||
Insperity, Inc. | 616 | 58,348 | ||||||
MarketAxess Holdings, Inc. | 624 | 124,132 | ||||||
Morningstar, Inc. | 1,102 | 317,652 | ||||||
Paylocity Holding Corp.(b) | 1,758 | 249,935 | ||||||
R1 RCM, Inc.(b) | 25,253 | 324,754 | ||||||
Robert Half, Inc. | 1,327 | 85,233 | ||||||
Service Corp. International | 2,104 | 150,773 | ||||||
Toast, Inc. - Class A(a)(b) | 12,945 | 313,657 | ||||||
TriNet Group, Inc. | 980 | 101,891 | ||||||
Valvoline, Inc. (b) | 1,305 | 52,983 | ||||||
WEX, Inc.(b) | 1,034 | 193,689 | ||||||
WillScot Mobile Mini Holdings Corp.(b) | 3,701 | 145,930 | ||||||
3,547,038 | ||||||||
Computers - 2.7% | ||||||||
Amdocs Ltd. | 2,011 | 158,869 | ||||||
ASGN, Inc.(b) | 638 | 59,914 | ||||||
CACI International, Inc. - Class A(b) | 370 | 157,058 | ||||||
DXC Technology Co.(b) | 2,567 | 39,917 | ||||||
ExlService Holdings, Inc.(b) | 3,297 | 98,448 | ||||||
Insight Enterprises, Inc.(a)(b) | 447 | 87,388 | ||||||
KBR, Inc. | 1,874 | 123,047 | ||||||
Maximus, Inc. | 1,049 | 90,319 | ||||||
Parsons Corp.(b) | 2,881 | 219,388 | ||||||
Pure Storage, Inc. - Class A(b) | 12,599 | 759,594 | ||||||
Qualys, Inc.(b) | 753 | 105,887 | ||||||
Science Applications International Corp. | 791 | 106,508 | ||||||
Tenable Holdings, Inc.(b) | 3,257 | 137,413 | ||||||
Varonis Systems, Inc.(b) | 2,200 | 94,512 | ||||||
2,238,262 | ||||||||
Cosmetics & Personal Care - 1.0% | ||||||||
Coty, Inc. - Class A(b) | 21,316 | 220,834 | ||||||
elf Beauty, Inc.(a)(b) | 2,768 | 517,367 | ||||||
Inter Parfums, Inc. | 749 | 89,715 | ||||||
827,916 | ||||||||
Distribution & Wholesale - 1.0% | ||||||||
Core & Main, Inc. - Class A(b) | 3,000 | 172,680 | ||||||
Pool Corp.(a) | 500 | 181,775 | ||||||
SiteOne Landscape Supply, Inc.(a)(b) | 810 | 125,404 | ||||||
Watsco, Inc.(a) | 464 | 220,354 |
WESCO International, Inc. | 800 | 143,592 | ||||||
843,805 | ||||||||
Diversified Financial Services - 4.9% | ||||||||
Affiliated Managers Group, Inc. | 416 | 67,642 | ||||||
Air Lease Corp.(a) | 4,734 | 225,528 | ||||||
Ally Financial, Inc. | 6,252 | 243,640 | ||||||
Blue Owl Capital, Inc. - Class A | 38,273 | 688,531 | ||||||
Credit Acceptance Corp.(b) | 213 | 104,547 | ||||||
Enact Holdings, Inc. | 2,490 | 76,468 | ||||||
Evercore, Inc. - Class A | 543 | 110,196 | ||||||
FTAI Aviation Ltd. | 4,775 | 402,628 | ||||||
Houlihan Lokey, Inc. | 812 | 109,904 | ||||||
Interactive Brokers Group, Inc. - Class A(a) | 4,142 | 520,732 | ||||||
Invesco Ltd. | 17,382 | 273,071 | ||||||
Jefferies Financial Group, Inc. | 3,687 | 171,519 | ||||||
Mr Cooper Group, Inc.(b) | 753 | 62,800 | ||||||
OneMain Holdings, Inc. | 1,681 | 82,571 | ||||||
Radian Group, Inc. | 2,234 | 69,790 | ||||||
SEI Investments Co. | 2,012 | 136,233 | ||||||
SLM Corp. | 5,072 | 108,845 | ||||||
Stifel Financial Corp. | 1,810 | 146,520 | ||||||
The Western Union Co. | 4,561 | 58,381 | ||||||
Tradeweb Markets, Inc. - Class A | 2,351 | 256,283 | ||||||
Voya Financial, Inc. | 2,332 | 176,812 | ||||||
4,092,641 | ||||||||
Electric - 1.2% | ||||||||
Black Hills Corp. | 901 | 50,862 | ||||||
IDACORP, Inc.(a) | 814 | 77,713 | ||||||
NRG Energy, Inc. | 5,886 | 476,766 | ||||||
OGE Energy Corp. | 2,229 | 80,913 | ||||||
Ormat Technologies, Inc. | 1,293 | 97,492 | ||||||
Pinnacle West Capital Corp.(a) | 2,055 | 162,057 | ||||||
Portland General Electric Co. | 1,715 | 76,420 | ||||||
1,022,223 | ||||||||
Electrical Components & Equipment - 0.5% | ||||||||
Acuity Brands, Inc. | 441 | 114,488 | ||||||
Generac Holdings, Inc.(b) | 829 | 122,037 | ||||||
Littelfuse, Inc. | 329 | 84,422 | ||||||
Universal Display Corp. | 652 | 114,556 | ||||||
435,503 | ||||||||
Electronics - 2.7% | ||||||||
Allegion PLC | 1,680 | 204,658 | ||||||
Arrow Electronics, Inc.(b) | 644 | 84,564 | ||||||
Atkore, Inc. | 461 | 70,141 | ||||||
Coherent Corp.(b) | 1,501 | 85,647 | ||||||
Jabil, Inc. | 1,866 | 221,867 | ||||||
NEXTracker, Inc. - Class A(b) | 6,524 | 359,929 | ||||||
nVent Electric PLC | 3,212 | 261,392 | ||||||
Sensata Technologies Holding PLC | 5,862 | 242,218 | ||||||
SYNNEX Corp. | 1,245 | 162,896 | ||||||
Trimble, Inc.(b) | 4,257 | 237,030 | ||||||
Vontier Corp. | 2,324 | 92,913 | ||||||
Woodward, Inc. | 1,376 | 256,624 | ||||||
2,279,879 |
Engineering & Construction - 2.0% | ||||||||
AECOM | 3,703 | 323,420 | ||||||
Comfort Systems USA, Inc. | 846 | 276,930 | ||||||
EMCOR Group, Inc. | 923 | 358,733 | ||||||
Exponent, Inc. | 677 | 64,396 | ||||||
Fluor Corp.(b) | 4,112 | 178,461 | ||||||
MasTec, Inc.(b) | 1,983 | 222,592 | ||||||
TopBuild Corp.(b) | 501 | 209,393 | ||||||
1,633,925 | ||||||||
Entertainment - 1.8% | ||||||||
Caesars Entertainment, Inc.(a)(b) | 5,937 | 211,120 | ||||||
Churchill Downs, Inc. | 1,732 | 224,294 | ||||||
International Game Technology PLC | 3,474 | 68,577 | ||||||
Light & Wonder, Inc. - Class A(b) | 2,732 | 260,851 | ||||||
Marriott Vacations Worldwide Corp.(a) | 537 | 48,475 | ||||||
TKO Group Holdings, Inc. | 4,356 | 475,109 | ||||||
Vail Resorts, Inc.(a) | 674 | 127,197 | ||||||
Warner Music Group Corp. - Class A | 2,511 | 74,778 | ||||||
1,490,401 | ||||||||
Environmental Control - 1.2% | ||||||||
Casella Waste Systems, Inc. - Class A(b) | 1,117 | 112,359 | ||||||
Clean Harbors, Inc.(b) | 878 | 190,166 | ||||||
Pentair PLC | 2,680 | 218,099 | ||||||
Stericycle, Inc.(b) | 4,204 | 216,674 | ||||||
Tetra Tech, Inc. | 1,292 | 270,661 | ||||||
1,007,959 | ||||||||
Food - 1.6% | ||||||||
Albertsons Cos., Inc. - Class A | 8,980 | 185,347 | ||||||
Flowers Foods, Inc. | 3,418 | 79,366 | ||||||
Ingredion, Inc. | 1,062 | 124,870 | ||||||
Lancaster Colony Corp. | 486 | 90,153 | ||||||
Performance Food Group Co.(b) | 3,095 | 215,412 | ||||||
Pilgrim’s Pride Corp.(b) | 3,683 | 132,330 | ||||||
Post Holdings, Inc.(b) | 1,058 | 112,751 | ||||||
Sprouts Farmers Market, Inc.(b) | 1,609 | 127,079 | ||||||
US Foods Holding Corp.(b) | 5,135 | 271,282 | ||||||
1,338,590 | ||||||||
Food Service - 0.2% | ||||||||
Aramark | 6,267 | 201,484 | ||||||
Gas - 0.6% | ||||||||
National Fuel Gas Co. | 932 | 53,273 | ||||||
New Jersey Resources Corp. | 943 | 40,983 | ||||||
NiSource, Inc. | 6,205 | 180,317 | ||||||
ONE Gas, Inc. | 756 | 46,592 | ||||||
Southwest Gas Holdings, Inc. | 1,865 | 144,706 | ||||||
UGI Corp. | 1,858 | 47,305 | ||||||
513,176 | ||||||||
Hand & Machine Tools - 1.1% | ||||||||
Lincoln Electric Holdings, Inc. | 1,110 | 217,960 | ||||||
MSA Safety, Inc. | 1,119 | 201,420 | ||||||
Regal Rexnord Corp. | 3,243 | 484,958 | ||||||
904,338 | ||||||||
Healthcare - Products - 3.8% | ||||||||
Avantor, Inc.(b) | 10,102 | 243,256 |
Bio-Techne Corp. | 2,495 | 192,589 | ||||||
Bruker Corp. | 3,059 | 200,395 | ||||||
DENTSPLY SIRONA, Inc. | 6,522 | 182,681 | ||||||
Glaukos Corp.(b) | 861 | 97,052 | ||||||
Globus Medical, Inc. - Class A(b) | 4,037 | 270,923 | ||||||
Haemonetics Corp.(a)(b) | 999 | 83,996 | ||||||
Inspire Medical Systems, Inc.(a)(b) | 1,057 | 167,841 | ||||||
Lantheus Holdings, Inc.(b) | 3,399 | 278,140 | ||||||
Masimo Corp.(a)(b) | 813 | 101,218 | ||||||
Merit Medical Systems, Inc.(b) | 1,180 | 95,757 | ||||||
Natera, Inc.(b) | 3,011 | 320,762 | ||||||
Penumbra, Inc.(a)(b) | 2,021 | 382,919 | ||||||
QIAGEN NV | 2,891 | 125,065 | ||||||
Repligen Corp.(a)(b) | 674 | 100,487 | ||||||
Shockwave Medical, Inc.(a)(b) | 1,043 | 349,405 | ||||||
3,192,486 | ||||||||
Healthcare - Services - 2.6% | ||||||||
Acadia Healthcare Co., Inc.(b) | 4,222 | 290,853 | ||||||
Catalent, Inc.(b) | 1,581 | 85,042 | ||||||
Charles River Laboratories International, Inc.(a)(b) | 843 | 175,715 | ||||||
Chemed Corp. | 278 | 154,115 | ||||||
DaVita, Inc.(b) | 1,392 | 204,791 | ||||||
Encompass Health Corp. | 1,940 | 167,597 | ||||||
HealthEquity, Inc.(b) | 3,091 | 252,473 | ||||||
Medpace Holdings, Inc.(b) | 780 | 301,345 | ||||||
Tenet Healthcare Corp.(b) | 1,538 | 207,968 | ||||||
The Ensign Group, Inc. | 1,265 | 153,369 | ||||||
Universal Health Services, Inc. - Class B | 1,008 | 191,318 | ||||||
2,184,586 | ||||||||
Home Builders - 0.6% | ||||||||
Installed Building Products, Inc. | 457 | 96,811 | ||||||
Meritage Homes Corp. | 473 | 83,414 | ||||||
Taylor Morrison Home Corp.(b) | 1,347 | 77,897 | ||||||
Thor Industries, Inc. | 588 | 58,353 | ||||||
Toll Brothers, Inc. | 1,508 | 183,433 | ||||||
499,908 | ||||||||
Home Furnishings - 0.7% | ||||||||
Dolby Laboratories, Inc. - Class A | 1,034 | 83,765 | ||||||
SharkNinja, Inc. | 3,173 | 243,115 | ||||||
Tempur Sealy International, Inc. | 2,634 | 135,282 | ||||||
Whirlpool Corp.(a) | 1,227 | 114,148 | ||||||
576,310 | ||||||||
Household Products & Wares - 0.1% | ||||||||
Reynolds Consumer Products, Inc. | 3,223 | 91,662 | ||||||
Housewares - 0.1% | ||||||||
The Scotts Miracle-Gro Co. | 916 | 63,836 | ||||||
Insurance - 4.2% | ||||||||
American Financial Group, Inc. | 1,491 | 193,696 | ||||||
Assurant, Inc. | 1,193 | 206,950 | ||||||
Axis Capital Holdings Ltd. | 1,919 | 141,776 | ||||||
Corebridge Financial, Inc. | 7,253 | 211,570 | ||||||
Equitable Holdings, Inc. | 4,292 | 178,075 | ||||||
Essent Group Ltd. | 1,741 | 98,715 | ||||||
Fidelity National Financial, Inc.(a) | 4,435 | 223,347 |
First American Financial Corp.(a) | 1,390 | 77,256 | ||||||
Globe Life, Inc. | 1,386 | 114,705 | ||||||
Jackson Financial, Inc. - Class A(a) | 658 | 50,015 | ||||||
Kinsale Capital Group, Inc.(a) | 960 | 368,275 | ||||||
Lincoln National Corp. | 2,894 | 95,473 | ||||||
MGIC Investment Corp. | 3,706 | 77,826 | ||||||
Old Republic International Corp. | 3,662 | 116,378 | ||||||
Primerica, Inc. | 615 | 138,922 | ||||||
Reinsurance Group of America, Inc. | 1,362 | 285,748 | ||||||
RLI Corp. | 1,026 | 149,775 | ||||||
Ryan Specialty Holdings, Inc.(a) | 5,160 | 286,535 | ||||||
Selective Insurance Group, Inc. | 1,367 | 133,433 | ||||||
The Hanover Insurance Group, Inc. | 1,596 | 210,560 | ||||||
Unum Group | 3,072 | 165,458 | ||||||
3,524,488 | ||||||||
Internet - 2.0% | ||||||||
Etsy, Inc.(b) | 2,658 | 168,703 | ||||||
F5, Inc.(b) | 1,248 | 210,875 | ||||||
IAC, Inc.(b) | 1,155 | 57,507 | ||||||
Lyft, Inc. - Class A(b) | 9,451 | 147,530 | ||||||
Maplebear, Inc.(a)(b) | 2,977 | 90,739 | ||||||
Match Group, Inc.(b) | 5,341 | 163,595 | ||||||
Robinhood Markets, Inc. - Class A(b) | 24,350 | 508,915 | ||||||
Roku, Inc.(b) | 2,200 | 126,280 | ||||||
Wayfair, Inc. - Class A(b) | 1,773 | 105,476 | ||||||
Zillow Group, Inc. - Class C(b) | 2,495 | 102,170 | ||||||
1,681,790 | ||||||||
Iron & Steel - 0.6% | ||||||||
ATI, Inc.(a)(b) | 2,806 | 172,120 | ||||||
Cleveland-Cliffs, Inc.(b) | 8,919 | 154,120 | ||||||
Commercial Metals Co. | 1,556 | 87,634 | ||||||
United States Steel Corp. | 2,850 | 109,298 | ||||||
523,172 | ||||||||
Leisure Time - 0.9% | ||||||||
Brunswick Corp.(a) | 955 | 78,816 | ||||||
Harley-Davidson, Inc.(a) | 2,277 | 81,699 | ||||||
Norwegian Cruise Line Holdings Ltd.(b) | 24,293 | 403,264 | ||||||
Planet Fitness, Inc. - Class A(a)(b) | 1,880 | 119,643 | ||||||
Polaris, Inc. | 831 | 69,472 | ||||||
752,894 | ||||||||
Lodging - 1.2% | ||||||||
Boyd Gaming Corp. | 1,826 | 97,362 | ||||||
Choice Hotels International, Inc.(a) | 851 | 96,325 | ||||||
Hilton Grand Vacations, Inc.(b) | 1,782 | 73,650 | ||||||
Hyatt Hotels Corp. - Class A | 877 | 129,331 | ||||||
Wyndham Hotels & Resorts, Inc. | 1,063 | 75,218 | ||||||
Wynn Resorts Ltd. | 5,693 | 540,152 | ||||||
1,012,038 | ||||||||
Machinery - Construction & Mining - 0.5% | ||||||||
BWX Technologies, Inc. | 1,612 | 148,514 | ||||||
Oshkosh Corp. | 2,098 | 238,605 | ||||||
387,119 | ||||||||
Machinery - Diversified - 2.9% | ||||||||
AGCO Corp. | 1,435 | 154,019 |
Applied Industrial Technologies, Inc. | 677 | 130,661 | ||||||
Chart Industries, Inc.(a)(b) | 2,839 | 445,808 | ||||||
CNH Industrial NV | 22,220 | 234,643 | ||||||
Cognex Corp. | 1,997 | 90,903 | ||||||
Crane Co. | 906 | 135,066 | ||||||
Esab Corp. | 1,030 | 105,905 | ||||||
Flowserve Corp. | 2,819 | 140,104 | ||||||
Gates Industrial Corp. PLC(b) | 4,114 | 71,666 | ||||||
Graco, Inc. | 2,925 | 236,194 | ||||||
Nordson Corp. | 917 | 215,238 | ||||||
The Middleby Corp.(b) | 857 | 110,476 | ||||||
The Toro Co.(a) | 1,421 | 113,950 | ||||||
Watts Water Technologies, Inc. - Class A | 443 | 88,215 | ||||||
Zurn Elkay Water Solutions Corp. | 4,535 | 141,991 | ||||||
2,414,839 | ||||||||
Media - 1.1% | ||||||||
Endeavor Group Holdings, Inc. - Class A | 7,654 | 205,357 | ||||||
Fox Corp. - Class A(a) | 3,755 | 129,285 | ||||||
Liberty Broadband Corp. - Class C(b) | 1,853 | 100,229 | ||||||
News Corp. - Class A | 6,181 | 168,061 | ||||||
Nexstar Media Group, Inc. - Class A | 478 | 79,200 | ||||||
The New York Times Co. - Class A | 2,807 | 143,718 | ||||||
ViacomCBS, Inc. - Class B(a) | 6,761 | 80,523 | ||||||
906,373 | ||||||||
Metal Fabricate & Hardware - 0.7% | ||||||||
Advanced Drainage Systems, Inc.(a) | 1,087 | 188,584 | ||||||
Mueller Industries, Inc. | 1,291 | 76,053 | ||||||
RBC Bearings, Inc.(a)(b) | 541 | 159,746 | ||||||
The Timken Co. | 1,076 | 93,494 | ||||||
Valmont Industries, Inc. | 319 | 80,196 | ||||||
598,073 | ||||||||
Mining - 0.3% | ||||||||
Alcoa Corp. | 1,525 | 67,512 | ||||||
Royal Gold, Inc.(a) | 1,070 | 137,163 | ||||||
204,675 | ||||||||
Miscellaneous Manufacturers - 0.7% | ||||||||
A.O. Smith Corp. | 2,667 | 223,068 | ||||||
Donaldson Co., Inc. | 1,910 | 140,729 | ||||||
ITT, Inc. | 1,434 | 190,550 | ||||||
554,347 | ||||||||
Miscellaneous Manufacturing - 0.3% | ||||||||
Fabrinet(a)(b) | 631 | 151,144 | ||||||
Federal Signal Corp. | 1,358 | 124,963 | ||||||
276,107 | ||||||||
Oil & Gas - 3.6% | ||||||||
Antero Resources Corp.(b) | 2,431 | 86,617 | ||||||
APA Corp.(a) | 4,211 | 128,562 | ||||||
Chesapeake Energy Corp. | 1,165 | 105,934 | ||||||
Chord Energy Corp.(a) | 673 | 124,781 | ||||||
Civitas Resources, Inc. | 1,433 | 105,412 | ||||||
EQT Corp.(a) | 4,095 | 168,264 | ||||||
Helmerich & Payne, Inc. | 2,702 | 102,838 | ||||||
HF Sinclair Corp. | 2,466 | 136,197 | ||||||
Magnolia Oil & Gas Corp. - Class A(a) | 2,041 | 52,964 |
Matador Resources Co. | 1,823 | 115,669 | ||||||
Murphy Oil Corp. | 1,885 | 80,659 | ||||||
Noble Corp. PLC | 6,855 | 318,483 | ||||||
Ovintiv, Inc. | 2,976 | 153,770 | ||||||
PBF Energy, Inc. - Class A | 1,480 | 68,568 | ||||||
Permian Resources Corp.(a) | 17,615 | 288,710 | ||||||
Range Resources Corp.(a) | 2,263 | 83,527 | ||||||
SM Energy Co. | 1,278 | 64,450 | ||||||
Southwestern Energy Co.(b) | 10,365 | 78,048 | ||||||
Texas Pacific Land Corp. | 349 | 214,394 | ||||||
Transocean Ltd.(b) | 15,807 | 98,003 | ||||||
Weatherford International PLC(b) | 3,266 | 393,030 | ||||||
2,968,880 | ||||||||
Oil & Gas Services - 1.7% | ||||||||
ChampionX Corp. | 3,847 | 125,489 | ||||||
NOV, Inc. | 16,914 | 318,322 | ||||||
TechnipFMC PLC | 24,358 | 637,936 | ||||||
Tidewater, Inc.(b) | 3,204 | 331,069 | ||||||
1,412,816 | ||||||||
Other Financial Investment Activities - 0.4% | ||||||||
SoFi Technologies, Inc.(a)(b) | 42,516 | 293,360 | ||||||
Packaging & Containers - 1.1% | ||||||||
AptarGroup, Inc. | 1,089 | 160,834 | ||||||
Berry Global Group, Inc. | 1,586 | 94,970 | ||||||
Crown Holdings, Inc. | 1,590 | 133,862 | ||||||
Graphic Packaging Holding Co. | 5,349 | 151,484 | ||||||
Sealed Air Corp. | 2,059 | 80,033 | ||||||
Silgan Holdings, Inc.(a) | 1,537 | 72,623 | ||||||
Sonoco Products Co. | 1,405 | 86,225 | ||||||
Westrock Co. | 2,648 | 142,039 | ||||||
922,070 | ||||||||
Pharmaceuticals - 1.9% | ||||||||
Alkermes PLC(b) | 7,825 | 183,105 | ||||||
BellRing Brands, Inc.(b) | 3,001 | 174,568 | ||||||
Elanco Animal Health, Inc.(b) | 4,661 | 82,407 | ||||||
Henry Schein, Inc.(b) | 1,971 | 136,669 | ||||||
Jazz Pharmaceuticals PLC(b) | 2,121 | 223,235 | ||||||
Neurocrine Biosciences, Inc.(b) | 2,753 | 372,784 | ||||||
Option Care Health, Inc.(b) | 3,582 | 106,815 | ||||||
Organon & Co.(a) | 3,715 | 79,241 | ||||||
Perrigo Co. PLC | 6,773 | 186,461 | ||||||
1,545,285 | ||||||||
Pipelines - 0.6% | ||||||||
Antero Midstream Corp. | 9,139 | 133,886 | ||||||
DT Midstream, Inc.(a) | 1,499 | 100,553 | ||||||
Equitrans Midstream Corp. | 10,582 | 151,111 | ||||||
New Fortress Energy, Inc.(a) | 5,265 | 133,468 | ||||||
519,018 | ||||||||
Private Equity - 0.2% | ||||||||
The Carlyle Group, Inc. | 4,414 | 189,625 | ||||||
Real Estate - 0.2% | ||||||||
Jones Lang LaSalle, Inc.(b) | 727 | 146,905 |
Retail - 5.1% | ||||||||
Abercrombie & Fitch Co. - Class A(b) | 2,198 | 379,968 | ||||||
Academy Sports & Outdoors, Inc.(a) | 1,042 | 60,113 | ||||||
Advance Auto Parts, Inc.(a) | 1,866 | 131,814 | ||||||
Asbury Automotive Group, Inc.(a)(b) | 279 | 65,585 | ||||||
AutoNation, Inc.(b) | 555 | 94,489 | ||||||
Bath & Body Works, Inc. | 3,202 | 166,312 | ||||||
Beacon Roofing Supply, Inc.(b) | 1,040 | 100,942 | ||||||
BJ’s Wholesale Club Holdings, Inc.(b) | 2,135 | 188,030 | ||||||
Carvana Co.(a)(b) | 1,364 | 136,373 | ||||||
Casey’s General Stores, Inc. | 528 | 175,180 | ||||||
Cava Group, Inc.(a)(b) | 3,337 | 308,839 | ||||||
Dick’s Sporting Goods, Inc. | 937 | 213,299 | ||||||
Dillard’s, Inc. - Class A | 159 | 71,129 | ||||||
FirstCash Holdings, Inc. | 969 | 114,265 | ||||||
Five Below, Inc.(b) | 1,125 | 155,396 | ||||||
Floor & Decor Holdings, Inc. - Class A(a)(b) | 1,607 | 187,794 | ||||||
Freshpet, Inc.(b) | 1,369 | 179,572 | ||||||
Lithia Motors, Inc.(a) | 500 | 126,570 | ||||||
Macy’s, Inc. | 7,279 | 141,795 | ||||||
MSC Industrial Direct Co., Inc. - Class A | 866 | 74,389 | ||||||
Murphy USA, Inc. | 287 | 125,921 | ||||||
Penske Automotive Group, Inc.(a) | 1,011 | 153,773 | ||||||
RH(b) | 218 | 59,281 | ||||||
Texas Roadhouse, Inc. | 1,264 | 218,255 | ||||||
The Gap, Inc. | 11,440 | 331,302 | ||||||
The Wendy’s Co.(a) | 3,221 | 56,206 | ||||||
Wingstop, Inc. | 679 | 250,313 | ||||||
4,266,905 | ||||||||
Semiconductors - 1.5% | ||||||||
Allegro MicroSystems, Inc.(a)(b) | 3,724 | 112,241 | ||||||
Amkor Technology, Inc. | 3,219 | 104,907 | ||||||
Cirrus Logic, Inc.(b) | 717 | 82,240 | ||||||
IPG Photonics Corp.(b) | 729 | 63,226 | ||||||
Lattice Semiconductor Corp.(b) | 2,634 | 195,548 | ||||||
MACOM Technology Solutions Holdings, Inc.(b) | 1,003 | 101,443 | ||||||
MKS Instruments, Inc. | 598 | 75,701 | ||||||
Onto Innovation, Inc.(b) | 591 | 128,070 | ||||||
Power Integrations, Inc. | 569 | 43,250 | ||||||
Rambus, Inc.(b) | 4,769 | 263,535 | ||||||
Silicon Laboratories, Inc.(b) | 330 | 41,636 | ||||||
1,211,797 | ||||||||
Shipbuilding - 0.2% | ||||||||
Huntington Ingalls Industries, Inc. | 664 | 168,058 | ||||||
Software - 7.7% | ||||||||
Appfolio, Inc. - Class A(b) | 1,302 | 297,273 | ||||||
Bentley Systems, Inc. - Class B(a) | 5,746 | 288,679 | ||||||
BILL Holdings, Inc.(b) | 4,086 | 212,676 | ||||||
BlackLine, Inc.(b) | 2,264 | 108,038 | ||||||
CCC Intelligent Solutions Holdings, Inc.(b) | 9,587 | 107,183 | ||||||
Concentrix Corp.(a) | 1,406 | 86,230 | ||||||
Confluent, Inc. - Class A(a)(b) | 6,027 | 156,521 | ||||||
Dayforce, Inc.(a)(b) | 5,164 | 255,412 | ||||||
DoubleVerify Holdings, Inc.(a)(b) | 4,334 | 78,879 | ||||||
Dropbox, Inc. - Class A(b) | 4,463 | 100,551 | ||||||
Duolingo, Inc.(a)(b) | 1,388 | 265,663 | ||||||
Dynatrace, Inc.(b) | 14,846 | 678,908 | ||||||
Elastic NV(b) | 2,766 | 287,802 |
Five9, Inc.(b) | 2,091 | 97,775 | ||||||
Gitlab, Inc. - Class A(b) | 2,834 | 133,737 | ||||||
Guidewire Software, Inc.(a)(b) | 2,428 | 276,598 | ||||||
Informatica, Inc. - Class A(b) | 5,966 | 172,119 | ||||||
Manhattan Associates, Inc.(b) | 1,652 | 362,680 | ||||||
Nutanix, Inc. - Class A(b) | 10,353 | 572,676 | ||||||
Pegasystems, Inc. | 2,496 | 143,420 | ||||||
Procore Technologies, Inc.(b) | 4,509 | 302,689 | ||||||
Samsara, Inc. - Class A(b) | 5,569 | 188,956 | ||||||
SentinelOne, Inc. - Class A(b) | 8,477 | 142,668 | ||||||
Smartsheet, Inc. - Class A(b) | 4,246 | 157,102 | ||||||
SPS Commerce, Inc.(b) | 756 | 142,196 | ||||||
Teradata Corp.(b) | 2,541 | 82,862 | ||||||
UiPath, Inc. - Class A(b) | 19,043 | 233,467 | ||||||
Unity Software, Inc.(b) | 13,613 | 248,710 | ||||||
Workiva, Inc.(b) | 1,044 | 80,357 | ||||||
ZoomInfo Technologies, Inc.(b) | 8,419 | 103,385 | ||||||
6,365,212 | ||||||||
Telecommunications - 0.7% | ||||||||
Ciena Corp.(b) | 2,884 | 138,922 | ||||||
Frontier Communications Parent, Inc.(a)(b) | 2,868 | 76,461 | ||||||
GCI Liberty, Inc. Escrow(b)(c) | 806 | 0 | ||||||
Juniper Networks, Inc. | 6,130 | 218,657 | ||||||
Ubiquiti, Inc. | 1,031 | 147,598 | ||||||
581,638 | ||||||||
Toys, Games & Hobbies - 0.2% | ||||||||
Hasbro, Inc.(a) | 1,013 | 60,557 | ||||||
Mattel, Inc.(b) | 5,506 | 97,952 | ||||||
158,509 | ||||||||
Transportation - 1.2% | ||||||||
C.H. Robinson Worldwide, Inc. | 1,218 | 105,199 | ||||||
Kirby Corp.(b) | 1,119 | 138,946 | ||||||
Knight-Swift Transportation Holdings, Inc. | 2,381 | 114,883 | ||||||
Landstar System, Inc. | 359 | 65,349 | ||||||
Ryder System, Inc. | 566 | 68,752 | ||||||
Saia, Inc.(a)(b) | 592 | 242,412 | ||||||
XPO, Inc.(b) | 2,374 | 253,971 | ||||||
989,512 | ||||||||
Water - 0.2% | ||||||||
Essential Utilities, Inc.(a) | 3,609 | 136,168 | ||||||
TOTAL COMMON STOCKS (Cost $69,205,441) | 78,031,773 | |||||||
REAL ESTATE INVESTMENT TRUSTS - 5.9% | ||||||||
AGNC Investment Corp.(a) | 27,734 | 265,969 | ||||||
Agree Realty Corp.(a) | 2,323 | 141,145 | ||||||
American Homes 4 Rent - Class A | 6,212 | 223,880 | ||||||
Americold Realty Trust, Inc. | 2,592 | 69,129 | ||||||
Annaly Capital Management, Inc. | 11,645 | 229,406 | ||||||
Apartment Income REIT Corp. | 2,098 | 81,298 | ||||||
Boston Properties, Inc.(a) | 2,447 | 148,459 | ||||||
Brixmor Property Group, Inc. | 4,319 | 97,221 | ||||||
Camden Property Trust | 1,495 | 153,462 | ||||||
CubeSmart | 4,035 | 170,721 | ||||||
EastGroup Properties, Inc. | 1,046 | 172,778 | ||||||
Equity LifeStyle Properties, Inc. | 3,175 | 199,295 | ||||||
Federal Realty Investment Trust | 1,176 | 118,717 |
First Industrial Realty Trust, Inc. | 2,422 | 114,125 | ||||||
Gaming and Leisure Properties, Inc. | 4,630 | 207,887 | ||||||
Healthcare Realty Trust, Inc.(a) | 4,481 | 72,727 | ||||||
Independence Realty Trust, Inc.(a) | 5,131 | 85,688 | ||||||
Kilroy Realty Corp. | 1,728 | 57,940 | ||||||
Kimco Realty Corp. | 21,508 | 416,395 | ||||||
Kite Realty Group Trust | 7,246 | 158,832 | ||||||
Lamar Advertising Co. - Class A | 1,380 | 162,992 | ||||||
NNN REIT, Inc.(a) | 3,038 | 126,897 | ||||||
Omega Healthcare Investors, Inc.(a) | 4,027 | 130,193 | ||||||
Rayonier, Inc.(a) | 3,014 | 90,480 | ||||||
Regency Centers Corp. | 2,898 | 177,937 | ||||||
Rexford Industrial Realty, Inc. | 5,387 | 244,354 | ||||||
Rithm Capital Corp.(a) | 16,514 | 185,122 | ||||||
Ryman Hospitality Properties, Inc. | 1,553 | 163,174 | ||||||
STAG Industrial, Inc. | 3,048 | 106,863 | ||||||
Starwood Property Trust, Inc.(a) | 7,320 | 142,301 | ||||||
Terreno Realty Corp. | 1,757 | 99,411 | ||||||
Vornado Realty Trust(a) | 3,408 | 83,564 | ||||||
TOTAL REAL ESTATE INVESTMENT TRUSTS (Cost $4,860,071) | 4,898,362 | |||||||
SHORT-TERM INVESTMENTS - 14.8% | ||||||||
Investments Purchased with Proceeds from Securities Lending - 14.6% | ||||||||
Mount Vernon Liquid Assets Portfolio, LLC(d) | 12,114,935 | 12,114,934 | ||||||
Money Market Funds - 0.2% | ||||||||
First American Government Obligations Fund - Class X, 5.24%(d) | 160,177 | 160,177 | ||||||
TOTAL SHORT-TERM INVESTMENTS (Cost $12,275,111) | 12,275,111 | |||||||
TOTAL INVESTMENTS - 114.5% (Cost $86,340,623) | $ | 95,205,246 | ||||||
Liabilities in Excess of Other Assets - (14.5)% | (12,058,377 | ) | ||||||
TOTAL NET ASSETS - 100.0% | $ | 83,146,869 |
Percentages are stated as a percent of net assets.
NV - Naamloze Vennootschap
PLC - Public Limited Company
(a) | All or a portion of this security is on loan as of May 31, 2024. The total market value of these securities was $11,814,771 which represented 14.2% of net assets. | |
(b) | Non-income producing security. | |
(c) | Fair value determined using significant unobservable inputs in accordance with procedures established by and under the supervision of the Adviser, acting as Valuation Designee. These securities represented $0 or 0.0% of net assets as of May 31, 2024. | |
(d) | The rate shown represents the 7-day effective yield as of May 31, 2024. |
Summary of Fair Value Exposure at May 31, 2024 (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 May 31, 2024:
SoFi Next 500 ETF
Level 1 | Level 2 | Level 3 | Total | |||||||||||||
Investments: | ||||||||||||||||
Common Stocks | $ | 78,031,773 | $ | — | $ | 0 | (a) | $ | 78,031,773 | |||||||
Real Estate Investment Trusts | 4,898,362 | — | — | 4,898,362 | ||||||||||||
Investments Purchased with Proceeds from Securities Lending(b) | — | — | — | 12,114,934 | ||||||||||||
Money Market Funds | 160,177 | — | — | 160,177 | ||||||||||||
Total Investments | $ | 83,090,312 | $ | — | $ | 0 | (a) | $ | 95,205,246 |
Refer to the Schedule of Investments for additional information.
(a) | Amount is less than $0.50. | |
(b) | 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. |
Common Stock | ||||
Balance as of February 29, 2024 | $ | 0 | ||
Accrued discounts/premiums | — | |||
Realized gain (loss) | — | |||
Change in unrealized appreciation/depreciation | — | |||
Purchases | — | |||
Sales | — | |||
Transfer into and/or out of Level 3 | — | |||
Corporate actions | — | |||
Balance as of May 31, 2024 | $ | 0 | ||
Change in unrealized appreciate/depreciation during the period for Level 3 investments held at May 31, 2024: | $ | — |