God Bless America ETF
Schedule of Investments
November 30, 2024 (Unaudited)
| COMMON STOCKS - 97.1% | | Shares | | | Value | |
| Aerospace & Defense - 4.1% | | | | | | | | |
| The Boeing Co. (a) | | | 24,143 | | | $ | 3,752,788 | |
| | | | | | | | | |
| Auto Manufacturers - 8.2% | | | | | | | | |
| Tesla, Inc. (a) | | | 21,605 | | | | 7,457,182 | |
| | | | | | | | | |
| Banks - 3.6% | | | | | | | | |
| Regions Financial Corp. | | | 118,324 | | | | 3,225,512 | |
| | | | | | | | | |
| Biotechnology - 3.6% | | | | | | | | |
| Amgen, Inc. | | | 11,697 | | | | 3,308,730 | |
| | | | | | | | | |
| Building Materials - 1.0% | | | | | | | | |
| Martin Marietta Materials, Inc. | | | 1,586 | | | | 951,600 | |
| | | | | | | | | |
| Chemicals - 2.1% | | | | | | | | |
| The Sherwin-Williams Co. | | | 4,811 | | | | 1,911,891 | |
| | | | | | | | | |
| Commercial Services - 2.0% | | | | | | | | |
| Cintas Corp. | | | 8,106 | | | | 1,830,254 | |
| | | | | | | | | |
| Cosmetics & Personal Care - 1.6% | | | | | | | | |
| Colgate-Palmolive Co. | | | 14,645 | | | | 1,415,146 | |
| | | | | | | | | |
| Distribution & Wholesale - 3.6% | | | | | | | | |
| Copart, Inc. (a) | | | 51,085 | | | | 3,238,278 | |
| | | | | | | | | |
| Diversified Financial Services - 5.0% | | | | | | | | |
| The Charles Schwab Corp. | | | 54,584 | | | | 4,517,372 | |
| | | | | | | | | |
| Electric - 2.7% | | | | | | | | |
| Dominion Energy, Inc. | | | 14,278 | | | | 838,833 | |
| NextEra Energy, Inc. | | | 9,999 | | | | 786,621 | |
| Xcel Energy, Inc. | | | 11,371 | | | | 825,080 | |
| | | | | | | | 2,450,534 | |
| | | | | | | | | |
| Environmental Control - 3.7% | | | | | | | | |
| Veralto Corp. | | | 5,560 | | | | 601,537 | |
| Waste Management, Inc. | | | 11,987 | | | | 2,735,673 | |
| | | | | | | | 3,337,210 | |
| | | | | | | | | |
| Food - 3.0% | | | | | | | | |
| General Mills, Inc. | | | 14,115 | | | | 935,260 | |
| Mondelez International, Inc. - Class A | | | 17,440 | | | | 1,132,728 | |
| Tyson Foods, Inc. - Class A | | | 10,655 | | | | 687,248 | |
| | | | | | | | 2,755,236 | |
| | | | | | | | | |
| Healthcare - Products - 3.7% | | | | | | | | |
| Danaher Corp. | | | 13,854 | | | | 3,320,665 | |
| | | | | | | | | |
| Healthcare - Services - 3.6% | | | | | | | | |
| HCA Healthcare, Inc. | | | 10,003 | | | | 3,273,182 | |
| Home Builders - 1.1% | | | | | | | | |
| D.R. Horton, Inc. | | | 5,650 | | | | 953,607 | |
| | | | | | | | | |
| Insurance - 4.0% | | | | | | | | |
| The Allstate Corp. | | | 17,451 | | | | 3,619,163 | |
| | | | | | | | | |
| Investment Companies - 2.3% | | | | | | | | |
| MARA Holdings, Inc. (a) | | | 76,479 | | | | 2,097,054 | |
| | | | | | | | | |
| Iron & Steel - 0.9% | | | | | | | | |
| Nucor Corp. | | | 5,487 | | | | 848,784 | |
| | | | | | | | | |
| Media - 4.7% | | | | | | | | |
| Charter Communications, Inc. - Class A (a) | | | 10,831 | | | | 4,299,528 | |
| | | | | | | | | |
| Mining - 0.9% | | | | | | | | |
| Newmont Corp. | | | 19,394 | | | | 813,384 | |
| | | | | | | | | |
| Oil & Gas - 2.9% | | | | | | | | |
| EOG Resources, Inc. | | | 10,927 | | | | 1,456,132 | |
| Occidental Petroleum Corp. | | | 22,369 | | | | 1,131,424 | |
| | | | | | | | 2,587,556 | |
| | | | | | | | | |
| Oil & Gas Services - 0.8% | | | | | | | | |
| Schlumberger NV | | | 17,401 | | | | 764,600 | |
| | | | | | | | | |
| Retail - 7.1% | | | | | | | | |
| Costco Wholesale Corp. | | | 3,994 | | | | 3,881,689 | |
| Dollar General Corp. | | | 7,386 | | | | 570,716 | |
| Tractor Supply Co. | | | 7,045 | | | | 1,998,455 | |
| | | | | | | | 6,450,860 | |
| | | | | | | | | |
| Semiconductors - 10.7% | | | | | | | | |
| Broadcom, Inc. | | | 23,021 | | | | 3,731,244 | |
| NVIDIA Corp. | | | 43,261 | | | | 5,980,833 | |
| | | | | | | | 9,712,077 | |
| | | | | | | | | |
| Software - 8.5% | | | | | | | | |
| Electronic Arts, Inc. | | | 20,327 | | | | 3,326,920 | |
| MicroStrategy, Inc. - Class A (a) | | | 8,963 | | | | 3,472,893 | |
| Paychex, Inc. | | | 6,047 | | | | 884,495 | |
| | | | | | | | 7,684,308 | |
| | | | | | | | | |
| Transportation - 1.7% | | | | | | | | |
| CSX Corp. | | | 41,896 | | | | 1,531,299 | |
| TOTAL COMMON STOCKS (Cost $64,685,022) | | | | | | | 88,107,800 | |
| | | | | | | | | |
| REAL ESTATE INVESTMENT TRUSTS - 2.0% | | | | | | | | |
| Prologis, Inc. | | | 8,484 | | | | 990,762 | |
| Public Storage | | | 2,387 | | | | 830,795 | |
| TOTAL REAL ESTATE INVESTMENT TRUSTS (Cost $1,676,359) | | | | | | | 1,821,557 | |
| | | | | | | | | |
| SHORT-TERM INVESTMENTS - 0.8% | | | | | | | | |
| Money Market Funds - 0.8% | | | | | | | | |
| First American Government Obligations Fund - Class X, 4.56% (b) | | | 724,808 | | | | 724,808 | |
| TOTAL SHORT-TERM INVESTMENTS (Cost $724,808) | | | | | | | 724,808 | |
| | | | | | | | | |
| TOTAL INVESTMENTS - 99.9% (Cost $67,086,189) | | | | | | | 90,654,165 | |
| Other Assets in Excess of Liabilities - 0.1% | | | | | | | 46,589 | |
| TOTAL NET ASSETS - 100.0% | | | | | | $ | 90,700,754 | |
Percentages are stated as a percent of net assets.
NV - Naamloze Vennootschap
| (a) | Non-income producing security. |
| (b) | The rate shown represents the 7-day annualized effective yield as of November 30, 2024. |
Summary of Fair Value Exposure at November 30, 2024 (Unaudited)
God Bless America ETF has adopted authoritative fair value accounting standards which establish an authoritative definition of fair value and set out a hierarchy for measuring fair value. These standards require additional disclosures about the various inputs and valuation techniques used to develop the measurements of fair value, a discussion of changes in valuation techniques and related inputs during the period, and expanded disclosure of valuation levels for major security types. These inputs are summarized in the three broad levels listed below. The inputs or methodology used for valuing securities are not an indication of the risk associated with investing in those securities.
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 speeds, 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 fair valuation hierarchy of the Fund’s securities as of November 30, 2024:
God Bless America ETF
| | | Level 1 | | | Level 2 | | | Level 3 | | | Total | |
| Investments: | | | | | | | | | | | | |
| Common Stocks | | $ | 88,107,800 | | | $ | — | | | $ | — | | | $ | 88,107,800 | |
| Real Estate Investment Trusts | | | 1,821,557 | | | | — | | | | — | | | | 1,821,557 | |
| Money Market Funds | | | 724,808 | | | | — | | | | — | | | | 724,808 | |
| Total Investments | | $ | 90,654,165 | | | $ | — | | | $ | — | | | $ | 90,654,165 | |
Refer to the Schedule of Investments for further disaggregation of investment categories.
