Intelligent Real Estate ETF
Schedule of Investments
October 31, 2024 (Unaudited)
| REAL ESTATE INVESTMENT TRUSTS - 98.5% | | Shares | | | Value | |
| Alexander’s, Inc. | | | 268 | | | $ | 60,844 | |
| American Assets Trust, Inc. | | | 2,310 | | | | 62,254 | |
| American Tower Corp. | | | 281 | | | | 60,005 | |
| Apple Hospitality REIT, Inc. | | | 4,033 | | | | 59,567 | |
| Armada Hoffler Properties, Inc. - Class A | | | 5,680 | | | | 61,514 | |
| Brandywine Realty Trust | | | 10,751 | | | | 54,508 | |
| Brixmor Property Group, Inc. | | | 2,269 | | | | 61,149 | |
| BXP, Inc. | | | 742 | | | | 59,775 | |
| Camden Property Trust | | | 514 | | | | 59,516 | |
| CBL & Associates Properties, Inc. | | | 2,397 | | | | 63,401 | |
| Community Healthcare Trust, Inc. | | | 3,733 | | | | 70,031 | |
| COPT Defense Properties | | | 1,981 | | | | 63,788 | |
| Crown Castle, Inc. | | | 557 | | | | 59,872 | |
| CubeSmart | | | 1,231 | | | | 58,891 | |
| DiamondRock Hospitality Co. | | | 6,895 | | | | 59,090 | |
| Douglas Emmett, Inc. | | | 3,489 | | | | 62,069 | |
| EastGroup Properties, Inc. | | | 345 | | | | 59,092 | |
| Empire State Realty Trust, Inc. - Class A | | | 5,579 | | | | 59,137 | |
| EPR Properties | | | 1,278 | | | | 57,983 | |
| Equinix, Inc. | | | 71 | | | | 64,474 | |
| Equity LifeStyle Properties, Inc. | | | 904 | | | | 63,388 | |
| Essex Property Trust, Inc. | | | 215 | | | | 61,030 | |
| Federal Realty Investment Trust | | | 551 | | | | 61,073 | |
| First Industrial Realty Trust, Inc. | | | 1,130 | | | | 59,314 | |
| First Real Estate Investment Trust of New Jersey, Inc. | | | 3,449 | | | | 60,720 | |
| Gaming and Leisure Properties, Inc. | | | 1,208 | | | | 60,629 | |
| Gladstone Commercial Corp. | | | 3,819 | | | | 60,130 | |
| Healthpeak Properties, Inc. | | | 2,837 | | | | 63,691 | |
| Highwoods Properties, Inc. | | | 1,828 | | | | 61,311 | |
| Host Hotels & Resorts, Inc. | | | 3,444 | | | | 59,374 | |
| Innovative Industrial Properties, Inc. | | | 470 | | | | 60,719 | |
| Invitation Homes, Inc. | | | 1,817 | | | | 57,072 | |
| Iron Mountain, Inc. | | | 509 | | | | 62,979 | |
| Kilroy Realty Corp. | | | 1,597 | | | | 64,231 | |
| Lamar Advertising Co. - Class A | | | 460 | | | | 60,720 | |
| LTC Properties, Inc. | | | 1,724 | | | | 65,857 | |
| Macerich Co. | | | 3,373 | | | | 63,075 | |
| Maxus Realty Trust, Inc. | | | 957 | | | | 65,076 | |
| Mid-America Apartment Communities, Inc. | | | 400 | | | | 60,536 | |
| National Health Investors, Inc. | | | 781 | | | | 59,864 | |
| NexPoint Residential Trust, Inc. | | | 1,446 | | | | 60,226 | |
| NNN REIT, Inc. | | | 1,288 | | | | 55,951 | |
| Office Properties Income Trust | | | 30,086 | | | | 47,837 | |
| Omega Healthcare Investors, Inc. | | | 1,544 | | | | 65,574 | |
| One Liberty Properties, Inc. | | | 2,278 | | | | 60,823 | |
| Piedmont Office Realty Trust, Inc. - Class A | | | 6,207 | | | | 61,698 | |
| Plymouth Industrial REIT, Inc. | | | 2,918 | | | | 59,294 | |
| Public Storage | | | 179 | | | | 58,902 | |
| Ryman Hospitality Properties, Inc. | | | 548 | | | | 58,663 | |
| Sabra Health Care REIT, Inc. | | | 3,418 | | | | 66,309 | |
| Saul Centers, Inc. | | | 1,523 | | | | 59,610 | |
| Service Properties Trust | | | 13,096 | | | | 41,907 | |
| Simon Property Group, Inc. | | | 358 | | | | 60,545 | |
| SL Green Realty Corp. | | | 903 | | | | 68,276 | |
| STAG Industrial, Inc. - Class A | | | 1,651 | | | | 61,549 | |
| Sun Communities, Inc. | | | 472 | | | | 62,625 | |
| Tanger, Inc. | | | 1,814 | | | | 60,279 | |
| UDR, Inc. | | | 1,405 | | | | 59,277 | |
| Universal Health Realty Income Trust | | | 1,474 | | | | 58,311 | |
| Urban Edge Properties | | | 2,895 | | | | 64,385 | |
| Ventas, Inc. | | | 983 | | | | 64,377 | |
| Xenia Hotels & Resorts, Inc. | | | 4,099 | | | | 58,083 | |
| TOTAL REAL ESTATE INVESTMENT TRUSTS (Cost $3,666,739) | | | | | | | 3,762,250 | |
| | | | | | | | | |
| SHORT-TERM INVESTMENTS - 1.5% | | | | | | | | |
| Money Market Funds - 1.5% | | | | | | | | |
| First American Government Obligations Fund - Class X, 4.78% (a) | | | 57,284 | | | | 57,284 | |
| TOTAL SHORT-TERM INVESTMENTS (Cost $57,284) | | | | | | | 57,284 | |
| | | | | | | | | |
| TOTAL INVESTMENTS - 100.0% (Cost $3,724,023) | | | | | | | 3,819,534 | |
| Other Assets in Excess of Liabilities - 0.0% (b) | | | | | | | 1,053 | |
| TOTAL NET ASSETS - 100.0% | | | | | | $ | 3,820,587 | |
Percentages are stated as a percent of net assets.
| (a) | | The rate shown represents the 7-day annualized effective yield as of October 31, 2024. |
| (b) | | Represents less than 0.05% of net assets. |
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:
Intelligent Real Estate ETF
| | | Level 1 | | | Level 2 | | | Level 3 | | | Total | |
| Investments: | | | | | | | | | | | | |
| Real Estate Investment Trusts | | $ | 3,701,531 | | | $ | 60,719 | | | $ | — | | | $ | 3,762,250 | |
| Money Market Funds | | | 57,284 | | | | — | | | | — | | | | 57,284 | |
| Total Investments | | $ | 3,758,815 | | | $ | 60,719 | | | $ | — | | | $ | 3,819,534 | |
Refer to the Schedule of Investments for further disaggregation of investment categories.
