Leatherback Long/Short Alternative Yield ETF (LBAY) NPORT-P Aztlan Global Stock Selection Sm Smid ETF (Oct 2024 report)

Aztlan Global Stock Selection DM SMID ETF

Schedule of Investments

October 31, 2024 (Unaudited)

COMMON STOCKS - 97.8%	Shares		Value
Apparel - 2.0%
Crocs, Inc. (a)		4,881	$	526,269
Auto Manufacturers - 3.9%
Blue Bird Corp. (a)		12,532		527,722
Iveco Group NV		50,674		526,595
				1,054,317
Banks - 2.0%
Fukuoka Financial Group, Inc.		22,711		526,010
Building Materials - 4.1%
Griffon Corp.		8,282		520,772
Sanwa Holdings Corp.		22,040		568,056
				1,088,828
Chemicals - 2.0%
Methanex Corp. (b)		13,441		525,510
Commercial Services - 5.9%
Affirm Holdings, Inc. - Class A (a)		12,017		526,946
Toast, Inc. - Class A (a)		17,479		524,894
Upbound Group, Inc.		17,620		515,209
				1,567,049
Computers - 3.8%
Indra Sistemas SA		29,078		511,409
Insight Enterprises, Inc. (a)		2,874		502,720
				1,014,129
Distribution - Wholesale - 1.9%
Nippon Gas Co. Ltd. (b)		38,058		522,181
Diversified Financial Services - 9.7%
Enova International, Inc. (a)		5,982		519,896
Mr Cooper Group, Inc. (a)		5,867		519,523
Swissquote Group Holding SA		1,515		515,454
Victory Capital Holdings, Inc. - Class A		8,639		517,735
Virtu Financial, Inc. - Class A		17,011		526,660
				2,599,268
Electrical Components & Equipment - 3.9%
Nexans SA		3,771		521,982
Powell Industries, Inc.		2,051		522,964
				1,044,946
Electronics - 3.9%
Celestica, Inc. (a)		7,688		525,494
dormakaba Holding AG		688		523,539
				1,049,033
Engineering & Construction - 5.9%
ACS Actividades de Construccion y Servicios SA		10,948		522,969
Comfort Systems USA, Inc.		1,342		524,776
Sterling Infrastructure, Inc. (a)		3,399		524,975

		1,572,720
Food - 3.9%
Marks & Spencer Group PLC	106,989	516,912
Pilgrim’s Pride Corp. (a)	10,683	517,485
		1,034,397
Healthcare - Products - 2.0%
RxSight, Inc. (a)	10,436	528,688
Healthcare - Services - 3.9%
DaVita, Inc. (a)	3,746	523,728
Oscar Health, Inc. - Class A (a)	30,639	514,735
		1,038,463
Housewares - 1.9%
The Scotts Miracle-Gro Co.	6,002	522,054
Insurance - 3.9%
NMI Holdings, Inc. (a)	13,419	519,047
Palomar Holdings, Inc. (a)	5,719	513,394
		1,032,441
Leisure Time - 2.0%
Round One Corp.	83,139	531,609
Machinery - Diversified - 1.9%
Wartsila OYJ Abp	27,368	520,257
Media - 1.9%
ITV PLC	543,628	516,496
Mining - 3.9%
Mitsui Mining & Smelting Co. Ltd.	16,492	533,872
Northern Star Resources Ltd.	44,392	515,530
		1,049,402
Oil & Gas - 2.0%
Cosmo Energy Holdings Co. Ltd.	10,653	531,234
Retail - 11.9%
Abercrombie & Fitch Co. - Class A (a)	3,971	523,338
Caleres, Inc.	17,697	528,256
Gap, Inc.	25,218	523,778
JB Hi-Fi Ltd.	10,262	551,373
Pandora AS	3,422	515,047
Skylark Holdings Co. Ltd.	34,099	529,757
		3,171,549
Software - 5.8%
Alkami Technology, Inc. (a)	14,177	519,020
Clear Secure, Inc. - Class A	14,112	519,039
TeamViewer SE (a)(c)	36,103	520,707
		1,558,766
Telecommunications - 1.9%
Freenet AG	17,541	519,883
Transportation - 1.9%
Wallenius Wilhelmsen ASA	52,629	516,251

TOTAL COMMON STOCKS (Cost $26,190,962)			26,161,750
SHORT-TERM INVESTMENTS - 0.2%
Money Market Funds - 0.2%
First American Government Obligations Fund - Class X, 4.78% (d)	46,051		46,051
TOTAL SHORT-TERM INVESTMENTS (Cost $46,051)			46,051
TOTAL INVESTMENTS - 98.0% (Cost $27,368,725)			26,207,801
Other Assets in Excess of Liabilities - 2.0%			536,117
TOTAL NET ASSETS - 100.0%		$	26,743,918

Percentages are stated as a percent of net assets.

AG - Aktiengesellschaft

AS - Aksjeselskap

ASA - Advanced Subscription Agreement

NV - Naamloze Vennootschap

OYJ - Julkinen Asakeyhtio

PLC - Public Limited Company

SA - Sociedad Anónima

SE - Societas Europeae

(a)	Non-income producing security.
(b)	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 $1,047,691 or 3.9% of net assets as of October 31, 2024.
(c)	Security considered restricted. The total market value of these securities was $520,707 which represented 1.9% of net assets as of October 31, 2024.
(d)	The rate shown represents the 7-day annualized effective yield as of October 31, 2024.

Summary of Fair Value Disclosure as of October 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 October 31, 2024:

Aztlan Global Stock Selection DM SMID ETF

	Level 1		Level 2		Level 3		Total
Investments:
Common Stocks	$	25,114,059	$	—	$	1,047,691	$	26,161,750
Money Market Funds		46,051		—		—		46,051
Total Investments	$	26,291,822	$	—	$	1,047,691	$	27,339,513

Refer to the Schedule of Investments for further disaggregation of investment categories.