Infusive US Trust NPORT-P Infusive(r) Compounding Global Equities Etf (Sep 2021 report)

Schedule of Investments

Infusive^® Compounding Global Equities ETF

September 30, 2021 (unaudited)

	Number of Shares		Value
COMMON STOCKS — 100.0%
Argentina — 0.7%
MercadoLibre, Inc.*		174	$	292,216
Belgium — 1.2%
Anheuser-Busch InBev SA/NV		8,467		482,252
Canada — 0.5%
Lululemon Athletica, Inc.*		538		217,729
China — 23.7%
Alibaba Group Holding Ltd.*		90,734		1,657,412
ANTA Sports Products Ltd.		10,726		202,267
China Tourism Group Duty Free Corp. Ltd., Class A		7,900		318,252
Foshan Haitian Flavouring & Food Co., Ltd., Class A		17,370		296,049
JD Health International, Inc., 144A*		15,365		148,229
JD.Com, Inc., ADR*		6,973		503,730
Jiangsu Yanghe Brewery Joint-Stock Co., Ltd., Class A		5,700		146,677
Kuaishou Technology, 144A*		27,322		290,255
Kweichow Moutai Co., Ltd., Class A		5,200		1,474,435
Luzhou Laojiao Co., Ltd., Class A		5,600		192,260
Meituan, Class B, 144A*		24,515		776,580
Muyuan Foods Co., Ltd., Class A		19,728		158,643
NetEase, Inc., ADR		3,413		291,470
Pinduoduo, Inc., ADR*		6,045		548,100
Shanxi Xinghuacun Fen Wine Factory Co., Ltd., Class A		4,620		225,846
Shenzhou International Group Holdings Ltd.		5,458		116,246
Tencent Holdings Ltd.		34,919		2,069,666
Wuliangye Yibin Co., Ltd., Class A		15,300		520,091
				9,936,208
France — 8.0%
Danone SA		2,666		182,450
Hermes International		445		617,074
L'Oreal SA		2,218		917,302
LVMH Moet Hennessy Louis Vuitton SE		2,215		1,591,844
Vivendi SE		4,365		55,167
				3,363,837
Germany — 0.9%
adidas AG		807		254,207
Delivery Hero SE, 144A*		904		115,718
				369,925
Italy — 0.4%
Ferrari NV		781		163,785
Japan — 1.4%
Fast Retailing Co., Ltd.		418		308,999
Nintendo Co., Ltd.		562		273,558
				582,557
Netherlands — 2.3%
Heineken NV		2,429		253,921
Prosus NV*		7,079		566,008
Universal Music Group NV*		4,365		116,935
				936,864
South Africa — 0.8%
Naspers Ltd., Class N		2,107		349,080
Switzerland — 3.3%
Nestle SA		11,344		1,370,498
United Kingdom — 3.2%
British American Tobacco PLC		9,222		323,794
Diageo PLC		9,377		455,924
Unilever PLC		10,637		574,414
				1,354,132
United States — 53.6%
Alphabet, Inc., Class A*		699		1,868,790
Altria Group, Inc.		7,280		331,386
Amazon.com, Inc.*		595		1,954,599
Apple, Inc.		12,937		1,830,586
Brown-Forman Corp., Class B		1,901		127,386
Chewy, Inc., Class A*		1,514		103,118
Chipotle Mexican Grill, Inc.*		110		199,927
Coca-Cola Co. (The)		17,004		892,200
Colgate-Palmolive Co.		3,360		253,949
Constellation Brands, Inc., Class A		801		168,763
DoorDash, Inc., Class A*		1,210		249,236
Estee Lauder Cos., Inc. (The), Class A		1,455		436,398
Facebook, Inc., Class A*		5,344		1,813,700
General Mills, Inc.		2,354		140,816
Hershey Co. (The)		808		136,754
Keurig Dr Pepper, Inc.		5,587		190,852
Kimberly-Clark Corp.		1,300		172,172
Kraft Heinz Co. (The)		5,026		185,057
Mastercard, Inc., Class A		4,221		1,467,557
Match Group, Inc.*		1,261		197,964
McDonald's Corp.		3,000		723,330
Mondelez International, Inc., Class A		5,518		321,037
Monster Beverage Corp.*		2,016		179,081
Netflix, Inc.*		1,658		1,011,944
NIKE, Inc., Class B		6,274		911,173
PepsiCo, Inc.		5,360		806,198
Philip Morris International, Inc.		6,046		573,100
Pinterest, Inc., Class A*		2,768		141,030
Roku, Inc.*		619		193,964
Ross Stores, Inc.		1,359		147,927
Snap, Inc., Class A*		6,232		460,358
Starbucks Corp.		4,919		542,615
TJX Cos., Inc. (The)		4,416		291,368
Twitter, Inc.*		3,529		213,116
Visa, Inc., Class A		8,195		1,825,436
Walt Disney Co. (The)*		7,255		1,227,328
Yum! Brands, Inc.		1,157		141,513
				22,431,728
TOTAL COMMON STOCKS
(Cost $38,454,868)				41,850,811

Schedule of Investments

Infusive^® Compounding Global Equities ETF (Continued)

September 30, 2021 (unaudited)

	Number of Shares		Value
MONEY MARKET FUND — 0.0%(a)
JPMorgan U.S. Government Money Market Fund, Capital Shares, 0.03%(b)
(Cost $13,584)		13,584	$	13,584
TOTAL INVESTMENTS — 100.0%
(Cost $38,468,452)			$	41,864,395
Other assets and liabilities, net — 0.0%(a)				(5,274	)
NET ASSETS — 100.0%			$	41,859,121

*	Non-income producing security.
(a)	Amount is less than 0.05%.
(b)	Rate shown reflects the 7-day yield as of September 30, 2021.

ADR:	American Depositary Receipt
PLC:	Public Limited Company
144A:	Security exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be resold in transactions exempt from registration, normally to qualified institutional buyers.

At September 30, 2021 the Infusive^® Compounding Global Equities ETF had the following sector diversification:

Sector Diversification	Market Value		As a % of Total Investments (excluding Cash Equivalents)
Consumer Discretionary	$	14,012,283		33.6%
Consumer Staples		12,489,705		29.8%
Communication Services		10,225,244		24.4%
Information Technology		5,123,579		12.2%
Total	$	41,850,811		100.0%