AltShares Event-Driven ETF (EVNT) NPORT-P AltShares Merger Arbitrage ETF (Aug 2022 report)

AltShares Merger Arbitrage ETF	Portfolio of Investments
	August 31, 2022 (unaudited)

	Shares		Value
COMMON STOCKS - 93.06%
Airlines - 1.78%
Spirit Airlines, Inc.(a)		62,326	$	1,413,554
Auto Parts & Equipment - 1.95%
Tenneco, Inc., Class A(a)(b)		81,896		1,544,558
Banks - 2.32%
First Horizon Corp.(b)		81,318		1,839,413
Biotechnology - 8.42%
Biohaven Pharmaceutical Holding Co. Ltd.(a)(b)		12,963		1,936,024
ChemoCentryx, Inc.(a)		46,343		2,362,566
Global Blood Therapeutics, Inc.(a)		34,910		2,370,389
				6,668,979
Chemicals - 3.64%
GCP Applied Technologies, Inc.(a)(b)		32,628		1,025,172
Rogers Corp.(a)		5,869		1,470,302
Zymergen, Inc.(a)		164,275		389,331
				2,884,805
Commercial Services - 8.35%
Evo Payments, Inc., Class A(a)		47,175		1,571,871
LifeWorks, Inc.		88,538		2,152,525
MoneyGram International, Inc.(a)(b)		49,192		506,678
Nielsen Holdings Plc		85,691		2,385,637
				6,616,711
Computers & Computer Services - 3.85%
Avast Plc(c)		141,214		1,159,822
Ping Identity Holding Corp.(a)		67,193		1,890,811
				3,050,633
Diversified Financial Services - 3.52%
Brewin Dolphin Holdings Plc		9,015		53,620
Cowen, Inc., Class A(b)		48,400		1,860,980
Intertrust N.V.(a)(c)		27,755		542,786
Manning & Napier, Inc.		26,024		331,286
				2,788,672
Electric - 0.05%
Albioma SA		330		16,582
ContourGlobal Plc(c)		6,735		20,186
				36,768
Electronics - 1.81%
CyberOptics Corp.(a)		26,958		1,435,244
Energy - Alternate Sources - 1.97%
Infrastructure and Energy Alternatives, Inc.(a)		109,848		1,560,940
Engineering & Construction - 1.31%
HomeServe Plc		7,470		102,920

AltShares Merger Arbitrage ETF	Portfolio of Investments (Continued)
	August 31, 2022 (unaudited)

	Shares		Value
COMMON STOCKS - 93.06% (Continued)
Engineering & Construction - 1.31% (Continued)
IBI Group, Inc.(a)		63,442	$	934,711
				1,037,631
Forest Products & Paper - 1.99%
Resolute Forest Products, Inc.(a)		77,772		1,575,661
Gas - 1.78%
South Jersey Industries, Inc.(b)		41,693		1,411,308
Healthcare - Products - 3.24%
Hanger, Inc.(a)		86,006		1,602,292
Meridian Bioscience, Inc.(a)		29,681		967,304
				2,569,596
Healthcare - Services - 2.59%
CareTech Holdings Plc		52,302		452,657
LHC Group, Inc.(a)(b)		9,879		1,595,162
				2,047,819
Holding Companies-Diversified - 0.54%
Professional Holding Corp., Class A(a)		15,350		429,186
Home Furnishings - 2.37%
iRobot Corp.(a)		31,860		1,875,917
Insurance - 2.39%
Alleghany Corp.(a)(b)		2,253		1,895,178
Internet - 7.20%
Mandiant, Inc.(a)(b)		81,906		1,872,371
Twitter, Inc.(a)		37,953		1,470,679
Zendesk, Inc.(a)		30,809		2,365,207
				5,708,257
Media - 1.77%
TEGNA, Inc.(b)		65,651		1,404,931
Oil & Gas - 0.00%(d)
Diamondback Energy, Inc.		1		110
Pharmaceuticals - 1.33%
Covetrus, Inc.(a)		50,378		1,051,389
Pipelines - 1.83%
Shell Midstream Partners LP		91,786		1,451,137
Real Estate Investment Trusts - 2.52%
CatchMark Timber Trust, Inc., Class A		43,370		461,891
Duke Realty Corp.		26,059		1,533,572
				1,995,463
Software - 16.06%
1Life Healthcare, Inc.(a)		104,090		1,791,389
Activision Blizzard, Inc.(b)		29,045		2,279,742
Avalara, Inc.(a)		26,013		2,382,531

AltShares Merger Arbitrage ETF	Portfolio of Investments (Continued)
	August 31, 2022 (unaudited)

	Shares		Value
COMMON STOCKS - 93.06% (Continued)
Software - 16.06% (Continued)
Citrix Systems, Inc.		18,395	$	1,890,454
EMIS Group Plc		42,206		924,719
ManTech International Corp., Class A		11,189		1,073,137
VMware, Inc., Class A(b)		20,564		2,386,041
				12,728,013
Telecommunications - 4.82%
Sierra Wireless, Inc.(a)		61,921		1,905,928
Switch, Inc., Class A(b)		56,289		1,911,012
				3,816,940
Transportation - 3.66%
Atlas Air Worldwide Holdings, Inc.(a)(b)		23,805		2,378,595
USA Truck, Inc.(a)		16,513		517,848
				2,896,443
TOTAL COMMON STOCKS
(Cost $74,392,911)				73,735,256

	Yield			Shares		Value
SHORT-TERM INVESTMENTS - 4.69%
Money Market Funds
Morgan Stanley Institutional Liquidity Fund - Government Portfolio		2.116	%(e)		1,858,211	$	1,858,211
State Street Institutional U.S. Government Money Market Fund, Premier Class		2.360	%(e)		1,858,210		1,858,210
							3,716,421
TOTAL SHORT-TERM INVESTMENTS (Cost $3,716,421)							3,716,421
Total Investments - 97.75% (Cost $78,109,332)							77,451,677
Other Assets in Excess of Liabilities - 2.25%(f)							1,784,044
NET ASSETS - 100.00%						$	79,235,721

Portfolio Footnotes

(a)	Non-income-producing security.
(b)	Security, or a portion of security, is being held as collateral for short sales or forward foreign currency exchange contracts. At August 31, 2022, the aggregate fair market value of those securities was $ 13,484,253 representing 17.02 % of net assets.
(c)	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. As of August 31, 2022, these securities had a total value of $1,722,794 or 2.17% of net assets.
(d)	Less than 0.005% of net assets.
(e)	Rate shown is the 7-day effective yield as of August 31, 2022.
(f)	Includes cash held as collateral for short sales.

AltShares Merger Arbitrage ETF	Portfolio of Investments (Continued)
	August 31, 2022 (unaudited)

SCHEDULE OF SECURITIES SOLD SHORT	Shares			Value
SECURITIES SOLD SHORT - (0.02%)
COMMON STOCKS SOLD SHORT - (0.02%)
Healthcare - Services - (0.02%)
Ginkgo Bioworks Holdings, Inc.		(7,260	)	$	(19,529	)
TOTAL COMMON STOCKS SOLD SHORT
(Proceeds $19,983)					(19,529	)
TOTAL SECURITIES SOLD SHORT
(Proceeds $19,983)				$	(19,529	)

EQUITY SWAP CONTRACTS

Swap Counterparty/ Payment Frequency	Reference Obligation	Rate Paid/Received by the Fund	Termination Date	Upfront Payments Made		Upfront Payments Received		Market Value		Notional Amount		Unrealized Appreciation
Morgan Stanley & Co./ Monthly	Broadcom, Inc.	Received 1 Month-Federal Rate Minus 40 bps (1.930%)	05/06/2024	$	—	$	—	$	—	USD	1,293,194	$	—
Morgan Stanley & Co./ Monthly	Ginko Bioworks Holdings	Received 1 Month-Federal Rate Minus 40 bps (1.930%)	05/06/2024		—		—		—	USD	386,090		—
Morgan Stanley & Co./ Monthly	Diamondback Energy, Inc.	Received 1 Month-Federal Rate Minus 40 bps (1.930%)	05/06/2024		—		—		—	USD	25,641		—
Morgan Stanley & Co./ Monthly	Mastec, Inc.	Received 1 Month-Federal Rate Minus 40 bps (1.930%)	05/06/2024		—		—		—	USD	427,053		—
Morgan Stanley & Co./ Monthly	NortonLifeLock, Inc.	Received 1 Month-Federal Rate Minus 40 bps (1.930%)	05/06/2024		—		—		2,000	USD	88,000		—
Morgan Stanley & Co./ Monthly	PotlatchDeltic Corp.	Received 1 Month-Federal Rate Minus 40 bps (1.930%)	05/06/2024		—		—		25,353	USD	488,392		—
Morgan Stanley & Co./ Monthly	Prologis, Inc.	Received 1 Month-Federal Rate Minus 40 bps (1.930%)	05/06/2024		—		—		—	USD	1,541,185		—
Morgan Stanley & Co./ Monthly	Seacoast Banking Corp. of Florida	Received 1 Month-Federal Rate Minus 40 bps (1.930%)	05/06/2024		—		—		—	USD	441,976		—
Morgan Stanley & Co./ Monthly	Telus Corp.	Received 1 Month-CABROVER Minus 40 bps (-2.100%)	06/24/2024		—		—		—	CAD	1,393,395		—
Morgan Stanley & Co./ Monthly	Brewin Dolphin Holdings Plc	Paid 1 Month SONIA Plus 94 bps (2.630%)	07/08/2024		—		—		—	GBP	818,150		—
Morgan Stanley & Co./ Monthly	Euromoney Institutional Investor Plc	Paid 1 Month SONIA Plus 94 bps (2.630%)	07/08/2024		—		—		—	GBP	797,250		—
Morgan Stanley & Co./ Monthly	ContourGlobal Plc	Paid 1 Month SONIA Plus 94 bps (2.630%)	07/08/2024		—		—		—	GBP	48,442		—
Morgan Stanley & Co./ Monthly	Homeserve Plc	Paid 1 Month SONIA Plus 94 bps (2.630%)	07/08/2024		—		—		—	GBP	1,097,406		—
								$	27,353			$	—

AltShares Merger Arbitrage ETF	Portfolio of Investments (Continued)
	August 31, 2022 (unaudited)

OUTSTANDING FORWARD FOREIGN CURRENCY EXCHANGE CONTRACTS

Currency Purchased		Currency Sold		Counterparty	Settlement Date	Unrealized Appreciation
USD	5,326,158	CAD	6,875,290	Morgan Stanley & Co.	09/15/2022	$	91,670
USD	3,907,668	EUR	3,720,500	Morgan Stanley & Co.	09/15/2022		165,569
GBP	539,200	USD	626,457	Morgan Stanley & Co.	09/15/2022		83
USD	5,674,775	GBP	4,681,300	Morgan Stanley & Co.	09/15/2022		235,191
NOK	106,800	USD	10,640	Morgan Stanley & Co.	09/15/2022		109
USD	359,773	NOK	3,554,500	Morgan Stanley & Co.	09/15/2022		2,018
USD	3,134,711	SEK	31,923,950	Morgan Stanley & Co.	09/15/2022		138,110
						$	632,750

Currency Purchased		Currency Sold		Counterparty	Settlement Date	Unrealized Depreciation
CAD	2,781,590	USD	2,159,209	Morgan Stanley & Co.	09/15/2022	$	(41,452	)
EUR	3,148,900	USD	3,267,730	Morgan Stanley & Co.	09/15/2022		(100,549	)
GBP	2,776,400	USD	3,326,412	Morgan Stanley & Co.	09/15/2022		(100,286	)
NOK	3,447,700	USD	363,246	Morgan Stanley & Co.	09/15/2022		(16,240	)
SEK	26,490,130	USD	2,579,092	Morgan Stanley & Co.	09/15/2022		(92,546	)
						$	(351,073	)

The following is a summary of investments classified by country exposure:

Country	% of Net Assets(a)
United States		85.33	%
Canada		8.29	%
United Kingdom		1.96	%
Czech Republic		1.46	%
Netherlands		0.69	%
France		0.02	%
Other Assets in Excess of Liabilities		2.25	%
		100.00	%

^(a) These percentages represent long positions only and are not net of short positions.

AltShares Merger Arbitrage ETF	Portfolio of Investments (Continued)
	August 31, 2022 (unaudited)

Abbreviations:

bps - Basis Points. 100 Basis Points is equal to 1 percentage point.

CABROVER - Bank of Canada Overnight Lending Rate

CAD - Canadian dollar

EUR - Euro

GBP - British pound

LP - Limited Partnership

Ltd. - Limited

NOK - Norwegian krone

N.V. - Naamloze Vennootschap is the Dutch term for a public limited liability corporation.

Plc - Public Limited Company

SA - Generally designates corporations in various countries, mostly those employing civil law. This translates literally in all languages mentioned as anonymous company.

SEK - Swedish krona

SONIA - Sterling OverNight Index Average

USD - United States Dollar

AltShares Merger Arbitrage ETF	Portfolio of Investments (Continued)
	August 31, 2022 (unaudited)

The following table summarizes the Merger Arbitrage ETF's investments and derivative financial instruments characterized in the fair value hierarchy as of August 31, 2022.

Investments in Securities at Fair Value	Level 1			Level 2			Level 3		Total
Assets
Common Stocks*	$	73,735,256		$	—		$	—	$	73,735,256
Short-Term Investments		3,716,421			—			—		3,716,421
TOTAL	$	77,451,677		$	—		$	—	$	77,451,677
Other Financial Instruments**
Assets
Forward Foreign Currency Exchange Contracts	$	—		$	632,750		$	—	$	632,750
Equity Swaps		27,353			—			—		27,353
Liabilities
Common Stocks*		(19,529	)		—			—		(19,529	)
Forward Foreign Currency Exchange Contracts		—			(351,073	)		—		(351,073	)
TOTAL	$	7,824		$	281,677		$	—	$	289,501

*	Refer to Portfolio of Investments for sector information.
**	Other financial instruments are instruments such as securities sold short, equity swaps and forward foreign currency exchange contracts.

AltShares Event-Driven ETF	Portfolio of Investments
	August 31, 2022 (unaudited)

	Shares		Value
COMMON STOCKS - 94.23%
Auto Parts & Equipment - 1.22%
Tenneco, Inc., Class A(a)		1,998	$	37,682
Banks - 1.26%
First Horizon Corp.(b)		1,730		39,133
Biotechnology - 5.68%
Aura Biosciences, Inc.(a)(b)		2,900		38,744
Biohaven Pharmaceutical Holding Co. Ltd.(a)		221		33,006
ChemoCentryx, Inc.(a)		710		36,196
Global Blood Therapeutics, Inc.(a)		1,000		67,900
				175,846
Chemicals - 4.50%
GCP Applied Technologies, Inc.(a)		1,063		33,400
Rogers Corp.(a)(b)		422		105,719
				139,119
Commercial Services - 6.67%
Evo Payments, Inc., Class A(a)		1,091		36,352
GXO Logistics, Inc.(a)		400		17,752
Moneylion, Inc.(a)(c)		12,059		17,245
Nielsen Holdings Plc		4,200		116,928
PayPal Holdings, Inc.(a)		194		18,127
				206,404
Computers & Computer Services - 1.15%
Ping Identity Holding Corp.(a)		1,268		35,682
Entertainment - 3.13%
Cineplex, Inc.(a)		14,100		96,730
Food - 0.00%(d)
The Fresh Market, Inc. escrow shares(a)		510		—
Gas - 2.41%
South Jersey Industries, Inc.		2,207		74,707
Healthcare - Products - 2.75%
Meridian Bioscience, Inc.(a)		2,207		71,926
Pacific Biosciences of California, Inc.(a)		2,250		13,185
				85,111
Healthcare - Services - 3.12%
Cano Health, Inc.(a)		6,600		40,722
LHC Group, Inc.(a)(b)		342		55,223
UpHealth, Inc.(a)(c)		1,176		718
				96,663
Home Furnishings - 1.14%
iRobot Corp.(a)		600		35,328
Insurance - 8.42%
Alleghany Corp.(a)		165		138,795
Hartford Financial Services Group, Inc. (The)(b)		873		56,142

AltShares Event-Driven ETF	Portfolio of Investments (Continued)
	August 31, 2022 (unaudited)

	Shares		Value
COMMON STOCKS - 94.23% (Continued)
Insurance - 8.42% (Continued)
Willis Towers Watson Plc		317	$	65,565
				260,502
Internet - 5.31%
Mandiant, Inc.(a)(b)		1,066		24,369
Pinterest, Inc., Class A(a)		605		13,939
Twitter, Inc.(a)		1,200		46,500
Zendesk, Inc.(a)		1,034		79,380
				164,188
Machinery - Construction & Mining - 1.03%
Bloom Energy Corp., Class A(a)		1,250		31,763
Machinery - Diversified - 0.65%
Crane Holdings Co.		214		20,193
Media - 5.42%
Paramount Global, Class B		500		11,695
Houghton Mifflin Harcourt Co.(a)(e)		2,228		46,788
TEGNA, Inc.		4,000		85,600
Warner Bros Discovery, Inc.(a)		1,790		23,700
				167,783
Oil & Gas - 4.48%
Continental Resources, Inc.		1,300		90,779
EQT Corp.		1,000		47,800
				138,579
Pharmaceuticals - 3.03%
Aerie Pharmaceuticals, Inc.(a)		2,075		31,333
Covetrus, Inc.(a)		1,668		34,811
Paratek Pharmaceuticals, Inc.(a)(b)		11,038		27,705
				93,849
Real Estate Investment Trusts - 3.61%
Bluerock Residential Growth REIT, Inc.		1,280		34,112
Duke Realty Corp.		345		20,303
Healthcare Realty Trust, Inc.		2,357		57,322
				111,737
Retail - 1.01%
Foot Locker, Inc.		850		31,314
Semiconductors - 4.16%
Advanced Micro Devices, Inc.(a)		1,214		103,032
Magnachip Semiconductor Corp.(a)(b)		2,207		25,822
				128,854
Software - 16.69%
1Life Healthcare, Inc.(a)		1,750		30,118
Activision Blizzard, Inc.(b)		898		70,484
Avalara, Inc.(a)		800		73,272

AltShares Event-Driven ETF	Portfolio of Investments (Continued)
	August 31, 2022 (unaudited)

	Shares		Value
COMMON STOCKS - 94.23% (Continued)
Software - 16.69% (Continued)
Change Healthcare, Inc.(a)(b)		2,500	$	61,425
Citrix Systems, Inc.		1,000		102,770
Five9, Inc.(a)(b)		850		83,393
ManTech International Corp., Class A		280		26,855
Momentive Global, Inc.(a)		1,105		7,834
RingCentral, Inc., Class A(a)		250		10,760
Snowflake, Inc., Class A(a)		100		18,095
Unity Software, Inc.(a)		400		17,088
VMware, Inc., Class A(b)		124		14,388
				516,482
Telecommunications - 5.10%
Sierra Wireless, Inc.(a)		1,472		45,308
Switch, Inc., Class A		3,312		112,443
				157,751
Transportation - 2.29%
Atlas Air Worldwide Holdings, Inc.(a)		500		49,960
XPO Logistics, Inc.(a)		400		20,968
				70,928
TOTAL COMMON STOCKS
(Cost $3,140,332)				2,916,328

	Maturity Date	Rate			Principal Amount		Value
CORPORATE BONDS - 2.44%
Auto Parts & Equipment - 1.47%
Meritor, Inc.(f)	12/15/2028		4.500	%	$	13,000	$	13,310
Tenneco, Inc.(f)	04/15/2029		5.125	%		33,000		32,018
								45,328
Entertainment - 0.97%								��
Peninsula Pacific Entertainment LLC / Peninsula Pacific Entertainment Finance In(f)	11/15/2027		8.500	%		28,000		30,093
TOTAL CORPORATE BONDS
(Cost $77,274)								75,421
CONVERTIBLE CORPORATE BONDS - 3.30%
Auto Manufacturers - 0.75%
Lightning eMotors, Inc.(f)	05/15/2024		7.500	%		34,365		23,091
Healthcare - Services - 0.31%
UpHealth, Inc.(f)	06/15/2026		6.250	%		31,000		9,610
Software - 2.24%
Kaleyra, Inc.(f)	06/01/2026		6.125	%		87,000		69,382
TOTAL CONVERTIBLE CORPORATE BONDS
(Cost $152,075)								102,083

AltShares Event-Driven ETF	Portfolio of Investments (Continued)
	August 31, 2022 (unaudited)

	Shares		Value
WARRANTS(a) - 0.00%(d)
Commercial Services - 0.00%(d)
Moneylion, Inc., Exercise Price $11.50, Expires 09/22/2026		440	$	86
Healthcare - Services - 0.00%(d)
UpHealth, Inc., Exercise Price $11.50, Expires 07/01/2024(c)		117		10
TOTAL WARRANTS
(Cost $0)				96
PRIVATE INVESTMENTS(a)(c)(e)(g) - 0.03%
Fast Capital LLC		400		800
TOTAL PRIVATE INVESTMENTS
(Cost $414)				800

	Yield			Shares		Value
SHORT-TERM INVESTMENTS - 1.50%
Money Market Funds
Morgan Stanley Institutional Liquidity Fund - Government Portfolio		2.116	%(h)		23,280	$	23,280
State Street Institutional U.S. Government Money Market Fund, Premier Class		2.360	%(h)		23,281		23,281
							46,561
TOTAL SHORT-TERM INVESTMENTS
(Cost $46,561)							46,561
Total Investments - 101.50%
(Cost $3,416,656)							3,141,289
Liabilities in Excess of Other Assets - (1.50)%(i)							(46,343	)
NET ASSETS - 100.00%						$	3,094,946

Portfolio Footnotes

(a)	Non-income-producing security.
(b)	Security, or a portion of security, is being held as collateral for short sales, written option contracts or forward foreign currency exchange contracts. At August 31, 2022, the aggregate fair market value of those securities was $298,299, representing 9.64% of net assets.
(c)	Restricted securities (including private placements) - The Fund may own investment securities that have other legal or contractual limitations. At the end of the period, the value of restricted securities (excluding 144A issues) amounted to $18,773 or 0.61% of net assets.

AltShares Event-Driven ETF	Portfolio of Investments (Continued)
	August 31, 2022 (unaudited)

Restricted Security	Acquisition Date	Acquisition Cost
Fast Capital LLC	08/18/2020	$	414
Moneylion, Inc.	06/19/2020		94,269
UpHealth, Inc.	06/08/2021		11,760
UpHealth, Inc., Exercise Price $11.50, Expires 07/01/2024	04/06/2021		—
Total		$	106,443

(d)	Less than 0.005% of net assets.
(e)	Security fair valued using significant unobservable inputs and classified as a Level 3 security.  As of August 31, 2022, the total fair market value of these securities was $47,588, representing 1.54% of net assets.
(f)	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. As of August 31, 2022, these securities had a total value of $177,504 or 5.74% of net assets.
(g)	Represents a holding that is a direct investment into a private company and is not a listed or publicly traded entity.
(h)	Rate shown is the 7-day effective yield as of August 31, 2022.
(i)	Includes cash held as collateral for short sales and written option contracts.

SCHEDULE OF SECURITIES SOLD SHORT	Shares			Value
SECURITIES SOLD SHORT - (0.38%)
COMMON STOCKS SOLD SHORT - (0.38%)
Auto Parts & Equipment - (0.16%)
Tenneco, Inc., Class A		(258	)	$	(4,866	)
Semiconductors - (0.22%)
Broadcom, Inc.		(14	)		(6,987	)
TOTAL SECURITIES SOLD SHORT
(Proceeds $12,643)				$	(11,853	)

EQUITY SWAP CONTRACTS

Swap Counterparty/ Payment Frequency

Reference Obligation

Rate Paid/Received by the Fund

Termination Date

Upfront Payments Made

Upfront Payments Received

Market Value

Notional Amount

Unrealized Appreciation

Morgan Stanley & Co./ Monthly

Prologis, Inc.

Received 1 Month-Federal Rate Minus 40 bps (1.930%)

10/06/2023

$

—

$

—

$

—

USD

20,420

$

—

AltShares Event-Driven ETF	Portfolio of Investments (Continued)
	August 31, 2022 (unaudited)

OUTSTANDING FORWARD FOREIGN CURRENCY EXCHANGE CONTRACTS

Currency Purchased		Currency Sold		Counterparty	Settlement Date	Unrealized Appreciation
USD	146,781	CAD	189,410	Morgan Stanley & Co.	09/15/2022	$	2,573

Currency Purchased		Currency Sold		Counterparty	Settlement Date	Unrealized Depreciation
CAD	60,820	USD	47,263	Morgan Stanley & Co.	09/15/2022	$	(957	)

The following is a summary of investments classified by country exposure:

Country	% of Net Assets(a)
United States		93.95	%
Canada		4.60	%
United Kingdom		2.12	%
Republic of Korea		0.83	%
Liabilities in Excess of Other Assets		(1.50	)%
		100.00	%

^(a) These percentages represent long positions only and are not net of short positions.

Abbreviations:

bps - Basis Points. 100 Basis Points is equal to 1 percentage point.

CAD - Canadian dollar

LLC - Limited Liability Company

Ltd. - Limited

Plc - Public Limited Company

REIT - Real Estate Investment Trust

USD - United States Dollar

AltShares Event-Driven ETF	Portfolio of Investments (Continued)
	August 31, 2022 (unaudited)

The following table summarizes the Event-Driven ETF's investments and derivative financial instruments characterized in the fair value hierarchy as of August 31, 2022.   

Investments in Securities at Fair Value	Level 1			Level 2			Level 3		Total
Assets
Common Stocks
Auto Parts & Equipment	$	37,682		$	—		$	—	$	37,682
Banks		39,133			—			—		39,133
Biotechnology		175,846			—			—		175,846
Chemicals		139,119			—			—		139,119
Commercial Services		206,404			—			—		206,404
Computers & Computer Services		35,682			—			—		35,682
Entertainment		96,730			—			—		96,730
Food		—			—			—		—
Gas		74,707			—			—		74,707
Healthcare - Products		85,111			—			—		85,111
Healthcare - Services		96,663			—			—		96,663
Home Furnishings		35,328			—			—		35,328
Insurance		260,502			—			—		260,502
Internet		164,188			—			—		164,188
Machinery - Construction & Mining		31,763			—			—		31,763
Machinery - Diversified		20,193			—			—		20,193
Media		120,995			—			46,788		167,783
Oil & Gas		138,579			—			—		138,579
Pharmaceuticals		93,849			—			—		93,849
Real Estate Investment Trusts		111,737			—			—		111,737
Retail		31,314			—			—		31,314
Semiconductors		128,854			—			—		128,854
Software		516,482			—			—		516,482
Telecommunications		157,751			—			—		157,751
Transportation		70,928			—			—		70,928
Corporate Bonds*		—			75,421			—		75,421
Convertible Corporate Bonds*		—			102,083			—		102,083
Warrants*		96			—			—		96
Private Investments		—			—			800		800
Short-Term Investments		46,561			—			—		46,561
TOTAL	$	2,916,197		$	177,504		$	47,588	$	3,141,289
Other Financial Instruments**
Assets
Forward Foreign Currency Exchange Contracts	$	—		$	2,573		$	—	$	2,573
Equity Swaps		0			—			—		0
Liabilities
Common Stocks*		(11,853	)		—			—		(11,853	)
Forward Foreign Currency Exchange Contracts		—			(957	)		—		(957	)
TOTAL	$	(11,853	)	$	1,616		$	—	$	(10,237	)

*	Refer to Portfolio of Investments for sector information.
**	Other financial instruments are instruments such as securities sold short, equity swaps and forward foreign currency exchange contracts.

The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Fund’s assets and liabilities during the period ended August 31, 2022:

Investments in Securities	Balance as of May 31, 2022		Realized Gain (Loss)		Change in Unrealized Appreciation (Depreciation)		Purchases		Sales Proceeds		Transfers out of Level 3		Balance as of August 31, 2022		Net change in Unrealized Appreciation (Depreciation) from investments still held as of August 31, 2022
Common Stock	$	46,788	$	-	$	-	$	-	$	-	$	-	$	46,788	$	-
Private Investments		400		-		400		-		-		-		800		400
Total	$	47,188	$	-	$	400	$	-	$	-	$	-	$	47,588	$	400