Schedule of Investments | Global Beta Rising Stars ETF | |||||||
February 28, 2022 (Unaudited) | ||||||||
COMMON STOCKS - 100.0% | Number of Shares | Value | ||||||
Aerospace and Defense Manufacturing - 1.7% | ||||||||
Mercury Systems, Inc. * | 137 | $ | 8,250 | |||||
Science Applications International Corp. | 101 | 8,857 | ||||||
17,107 | ||||||||
Apparel and Accessories Retail - 1.5% | ||||||||
Children's Place, Inc. * | 137 | 8,626 | ||||||
Stitch Fix, Inc. - Class A * | 562 | 7,053 | ||||||
15,679 | ||||||||
Auto Retail - 3.8% | ||||||||
CarParts.com, Inc. * | 1,018 | 8,521 | ||||||
Carvana Co. * | 66 | 9,931 | ||||||
CDK Global, Inc. | 247 | 11,199 | ||||||
IAA, Inc. * | 242 | 8,891 | ||||||
38,542 | ||||||||
Commercial Electronics - 1.5% | ||||||||
IMAX Corp. *^ | 406 | 8,396 | ||||||
Viavi Solutions, Inc. * | 394 | 6,462 | ||||||
14,858 | ||||||||
Communications Equipment - 4.4% | ||||||||
A10 Networks, Inc. | 566 | 8,060 | ||||||
Calix, Inc. * | 194 | 10,542 | ||||||
Extreme Networks, Inc. * | 1,014 | 11,651 | ||||||
Inseego Corp. * | 1,398 | 6,584 | ||||||
NETGEAR, Inc. * | 318 | 8,462 | ||||||
45,299 | ||||||||
Computer Hardware and Storage - 1.8% | ||||||||
Seagate Technology Holdings PLC ^ | 94 | 9,697 | ||||||
Western Digital Corp. * | 169 | 8,609 | ||||||
18,306 | ||||||||
Consumer Electronics - 1.8% | ||||||||
GoPro, Inc. - Class A * | 829 | 7,129 | ||||||
Sonos, Inc. * | 430 | 11,778 | ||||||
18,907 | ||||||||
Electrical Equipment and Power Systems - 0.7% | ||||||||
Bloom Energy Corp. - Class A * | 343 | 7,615 | ||||||
Electronic Components - 3.9% | ||||||||
Corsair Gaming, Inc. * | 847 | 19,549 | ||||||
II-VI, Inc. * | 203 | 14,100 | ||||||
NeoPhotonics Corp. * | 393 | 6,017 | ||||||
39,666 | ||||||||
Electronics and Entertainment Retail - 0.6% | ||||||||
1-800-Flowers.com, Inc. - Class A * | 396 | 6,130 | ||||||
Finance Software and Services - 2.2% | ||||||||
Broadridge Financial Solutions, Inc. | 76 | 11,112 | ||||||
SS&C Technologies Holdings, Inc. | 151 | 11,320 | ||||||
22,432 | ||||||||
General Merchandise Retail - 4.7% | ||||||||
ContextLogic, Inc. - Class A* | 1,615 | 3,828 | ||||||
eBay, Inc. | 287 | 15,667 | ||||||
Overstock.com, Inc. * | 82 | 4,666 |
Schedule of Investments | Global Beta Rising Stars ETF | |||||||
February 28, 2022 (Unaudited) |
COMMON STOCKS - 100.0% (Continued) | Number of Shares | Value | ||||||
General Merchandise Retail - 4.7% (Continued) | ||||||||
RealReal, Inc. * | 466 | $ | 4,152 | |||||
Target Corp. | 38 | 7,591 | ||||||
Vipshop Holdings Ltd. - ADR *^ | 1,401 | 12,147 | ||||||
48,051 | ||||||||
Healthcare Support Services - 3.6% | ||||||||
Allscripts Healthcare Solutions, Inc. * | 500 | 9,730 | ||||||
Cerner Corp. | 133 | 12,402 | ||||||
Multiplan Corp. * | 3,980 | 14,965 | ||||||
37,097 | ||||||||
Home Improvement Retail - 1.1% | ||||||||
Wayfair, Inc. - Class A * | 42 | 5,916 | ||||||
Williams-Sonoma, Inc. | 37 | 5,360 | ||||||
11,276 | ||||||||
Hospitality Services - 1.7% | ||||||||
Dada Nexus Ltd. - ADR *^ | 621 | 5,160 | ||||||
Despegar.com Corp. *^ | 1,103 | 12,696 | ||||||
17,856 | ||||||||
Household Appliances and Furnishings Production - 0.5% | ||||||||
Lovesac Co. * | 132 | 5,609 | ||||||
Internet and Data Services - 18.0% | ||||||||
Angi, Inc. * | 876 | 6,036 | ||||||
Cargurus, Inc. * | 542 | 26,260 | ||||||
Cars.com, Inc. * | 820 | 13,267 | ||||||
Dropbox, Inc. - Class A * | 369 | 8,373 | ||||||
Dun & Bradstreet Holdings, Inc. * | 789 | 14,644 | ||||||
Gartner, Inc. * | 31 | 8,693 | ||||||
JOYY, Inc. - ADR ^ | 257 | 11,896 | ||||||
LendingTree, Inc. * | 117 | 14,158 | ||||||
Quotient Technology, Inc. * | 1,790 | 11,886 | ||||||
Spotify Technology SA *^ | 56 | 8,747 | ||||||
Switch, Inc. - Class A | 616 | 16,028 | ||||||
Thryv Holdings, Inc. * | 155 | 4,712 | ||||||
Vnet Group, Inc. - ADR *^ | 2,254 | 17,739 | ||||||
Yelp, Inc. * | 376 | 12,743 | ||||||
Zillow Group, Inc. - Class C * | 174 | 10,008 | ||||||
185,190 | ||||||||
Manufacturing Equipment and Services - 1.5% | ||||||||
Flex Ltd. *^ | 484 | 7,981 | ||||||
Jabil, Inc. | 128 | 7,400 | ||||||
15,381 | ||||||||
Media and Publishing Services - 1.5% | ||||||||
Magnite, Inc. * | 1,051 | 15,323 | ||||||
Other Professional Services - 1.4% | ||||||||
2U, Inc. * | 506 | 5,313 | ||||||
Telos Corp. * | 809 | 9,239 | ||||||
14,552 | ||||||||
Other Retail - 1.2% | ||||||||
Chewy, Inc. - Class A * | 255 | 12,021 |
Schedule of Investments | Global Beta Rising Stars ETF | |||||||
February 28, 2022 (Unaudited) |
COMMON STOCKS - 100.0% (Continued) | Number of Shares | Value | ||||||
Other Telecommunications Services - 0.9% | ||||||||
Sify Technologies Ltd. - ADR *^ | 3,020 | $ | 9,513 | |||||
Semiconductor Equipment and Services - 10.0% | ||||||||
Amkor Technology, Inc. | 378 | 8,569 | ||||||
Axcelis Technologies, Inc. * | 222 | 15,367 | ||||||
FormFactor, Inc. * | 314 | 12,714 | ||||||
Kulicke & Soffa Industries, Inc. | 289 | 15,097 | ||||||
Lam Research Corp. | 21 | 11,788 | ||||||
Onto Innovation, Inc. * | 157 | 13,535 | ||||||
Photronics, Inc. * | 573 | 10,555 | ||||||
Veeco Instruments, Inc. * | 517 | 14,771 | ||||||
102,396 | ||||||||
Semiconductor Manufacturing - 4.3% | ||||||||
Cirrus Logic, Inc. * | 160 | 13,899 | ||||||
Micron Technology, Inc. | 81 | 7,198 | ||||||
Silicon Motion Technology Corp. - ADR ^ | 71 | 5,150 | ||||||
Skyworks Solutions, Inc. | 130 | 17,962 | ||||||
44,209 | ||||||||
Software - 17.7% | ||||||||
Bandwidth, Inc. - Class A * | 127 | 3,880 | ||||||
Box, Inc. - Class A * | 326 | 8,349 | ||||||
Check Point Software Technologies Ltd. *^ | 52 | 7,534 | ||||||
CommVault Systems, Inc. * | 193 | 12,142 | ||||||
LivePerson, Inc. * | 350 | 7,098 | ||||||
LiveRamp Holdings, Inc. * | 271 | 11,696 | ||||||
Momentive Global, Inc. * | 598 | 9,400 | ||||||
NetScout Systems, Inc. * | 276 | 8,592 | ||||||
NortonLifeLock, Inc. | 243 | 7,042 | ||||||
Nutanix, Inc. - Class A * | 391 | 10,440 | ||||||
ON24, Inc. * | 1,045 | 16,302 | ||||||
Perion Network Ltd. *^ | 796 | 18,204 | ||||||
Ping Identity Holding Corp. * | 553 | 11,635 | ||||||
Progress Software Corp. | 146 | 6,436 | ||||||
PROS Holdings, Inc. * | 245 | 7,786 | ||||||
SolarWinds Corp. | 692 | 9,377 | ||||||
Sumo Logic, Inc. * | 763 | 9,186 | ||||||
Upland Software, Inc. * | 574 | 10,826 | ||||||
Yext, Inc. * | 789 | 5,854 | ||||||
181,779 | ||||||||
Specialty Finance - 8.0% | ||||||||
Alliance Data Systems Corp. | 102 | 6,880 | ||||||
Cantaloupe, Inc. * | 1,251 | 9,720 | ||||||
EVERTEC, Inc. ^ | 141 | 5,691 | ||||||
Evo Payments, Inc. - Class A * | 618 | 14,900 | ||||||
FleetCor Technologies, Inc. * | 74 | 17,331 | ||||||
Global Payments, Inc. | 130 | 17,339 | ||||||
Green Dot Corp. - Class A * | 368 | 10,543 | ||||||
82,404 | ||||||||
TOTAL COMMON STOCKS (Cost $1,187,264) | 1,027,198 |
Schedule of Investments | Global Beta Rising Stars ETF | |||||||
February 28, 2022 (Unaudited) | ||||||||
MONEY MARKET FUND - 0.0% # | Number of Shares | Value | ||||||
First American Government Obligations Fund - Class X, 0.03% (a) | 424 | $ | 424 | |||||
TOTAL MONEY MARKET FUND (Cost $424) | 424 | |||||||
TOTAL INVESTMENTS - 100.0% (Cost $1,187,688) | 1,027,622 | |||||||
OTHER ASSETS LESS LIABILITIES - 0.0% # | 87 | |||||||
TOTAL NET ASSETS - 100.0% | $ | 1,027,709 | ||||||
ADR - American Depositary Receipt | ||||||||
PLC - Public Limited Company | ||||||||
* Non-income producing security. | ||||||||
^ U.S. Dollar-denominated foreign security. | ||||||||
# Represents less than 0.05% of net assets. | ||||||||
(a) 7-day net yield. | ||||||||
The Revere Business Industry Classifications System (RBICS®) was developed by and/or is the exclusive property of FactSet. RBICS is a service mark of FactSet and has been licensed for use by Global Beta Advisors LLC. |
Global Beta ETF Trust - Notes to Quarterly Schedules of Investments | ||||||||
February 28, 2022 (Unaudited) | ||||||||
Investment Valuation | ||||||||
The net asset value (“NAV”) of the Funds' shares is calculated each business day as of the close of regular trading on the New York Stock Exchange (“NYSE”), generally 4:00 p.m., Eastern Time. NAV per share is computed by dividing the net assets by the number of shares outstanding. | ||||||||
When calculating the NAV of each Fund's shares, securities held by the Funds are valued at market quotations when reliable market quotations are readily available. Exchange traded securities and instruments (including equity securities, depositary receipts and ETFs) are generally valued at the last reported sale price on the principal exchange on which such securities are traded (at the NASDAQ Official Closing Price for NASDAQ listed securities), as of the close of regular trading on the NYSE on the day the securities are being valued or, if there are no sales, at the mean of the most recent bid and asked prices. Over-the-counter securities and instruments not traded on an exchange are generally valued at the last traded price. In the absence of a recorded transaction sale price; or if the last sale price is unavailable, securities are valued at the mean between last bid and ask, as quoted. If an ask price is unavailable, last bid price is used. Such valuations would typically be categorized as Level 1 or Level 2 in the fair value hierarchy described below. | ||||||||
When reliable market quotations are not readily available, securities are priced at their fair value in accordance with the Trust’s valuation guidelines, which were approved by the Board of Trustees (the “Trustees” or the “Board”). The Funds may use fair value pricing in a variety of circumstances, including but not limited to, situations when the value of a security has been materially affected by events occurring after the close of the market on which such security is principally traded (such as a corporate action or other news that may materially affect the price of such security) or trading in such security has been suspended or halted. Such valuations would typically be categorized as Level 2 or Level 3 in the fair value hierarchy described below. Fair value pricing involves subjective judgments, and it is possible that a fair value determination for a security is materially different than the value that could be realized upon the sale of such security. In addition, fair value pricing could result in a difference between the prices used to calculate each Fund’s NAV and the prices used by each Fund’s Target Index. This may adversely affect each Fund’s ability to track its Target Index. | ||||||||
The Funds disclose the fair value of their investments in a hierarchy that distinguishes between: (1) market participant assumptions developed based on market data obtained from sources independent of the Funds (observable inputs) and (2) the Funds’ own assumptions about market participant assumptions developed based on the best information available under the circumstances (unobservable inputs). The three levels defined by the hierarchy are as follows: | ||||||||
Level 1 - Quoted prices in active markets for identical assets. Level 2 - Other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risks, etc.). Level 3 - Significant unobservable inputs (including each Fund's own assumptions in determining the fair value of investments). The inputs used for valuing securities are not necessarily an indication of the risk associated with investing in those securities. | ||||||||
The following is a summary of the inputs used to value the Global Beta Rising Stars ETF investments as of February 28, 2022: |
Level 1 | Level 2 | Level 3 | Total | |||||||||||||
Common Stocks | $ | 1,027,198 | $ | - | $ | - | $ | 1,027,198 | ||||||||
Money Market Fund | 424 | - | - | 424 | ||||||||||||
Total Investments in Securities | $ | 1,027,622 | $ | - | $ | - | $ | 1,027,622 | ||||||||
See the Schedule of Investments for further detail of investment classification. |