Schedule of Investments July 31, 2024 (Unaudited) |  |
| Investments | Shares | Value | ||||||
| COMMON STOCKS - 98.3% | ||||||||
| Automobile Components - 0.8% | ||||||||
| Mobileye Global, Inc., Class A* | 21,776 | $ | 457,296 | |||||
| Automobiles - 2.1% | ||||||||
| Tesla, Inc.* | 5,173 | 1,200,498 | ||||||
| Broadline Retail - 5.3% | ||||||||
| Amazon.com, Inc.* | 16,285 | 3,044,969 | ||||||
| Communications Equipment - 9.6% | ||||||||
| Arista Networks, Inc.* | 11,072 | 3,837,002 | ||||||
| Motorola Solutions, Inc. | 4,373 | 1,744,477 | ||||||
| 5,581,479 | ||||||||
| Electrical Equipment - 4.3% | ||||||||
| Eaton Corp. plc | 3,997 | 1,218,246 | ||||||
| Vertiv Holdings Co., Class A | 16,379 | 1,289,027 | ||||||
| 2,507,273 | ||||||||
| Electronic Equipment, Instruments & Components - 2.3% | ||||||||
| Cognex Corp. | 26,617 | 1,320,736 | ||||||
| Interactive Media & Services - 12.4% | ||||||||
| Alphabet, Inc., Class A | 17,593 | 3,017,903 | ||||||
| Meta Platforms, Inc., Class A | 6,336 | 3,008,523 | ||||||
| Pinterest, Inc., Class A* | 35,784 | 1,143,299 | ||||||
| 7,169,725 | ||||||||
| IT Services - 1.9% | ||||||||
| International Business Machines Corp. | 5,860 | 1,125,940 | ||||||
| Machinery - 2.3% | ||||||||
| Deere & Co. | 2,118 | 787,854 | ||||||
| Symbotic, Inc., Class A* | 19,951 | 534,886 | ||||||
| 1,322,740 | ||||||||
| Media - 3.0% | ||||||||
| Trade Desk, Inc. (The), Class A* | 19,632 | 1,764,524 | ||||||
| Semiconductors & Semiconductor Equipment - 27.9% | ||||||||
| Advanced Micro Devices, Inc.* | 4,873 | 704,051 | ||||||
| ASML Holding NV | 1,985 | 1,859,350 | ||||||
| Lam Research Corp. | 1,465 | 1,349,617 | ||||||
| Marvell Technology, Inc. | 15,308 | 1,025,330 | ||||||
| Micron Technology, Inc. | 23,051 | 2,531,461 | ||||||
| NVIDIA Corp. | 41,270 | 4,829,414 | ||||||
| ON Semiconductor Corp.* | 15,426 | 1,207,085 | ||||||
| QUALCOMM, Inc. | 6,773 | 1,225,574 | ||||||
| Taiwan Semiconductor Manufacturing Co. Ltd. ADR | 8,269 | 1,371,000 | ||||||
| 16,102,882 | ||||||||
| Investments | Shares | Value | ||||||
| Software - 20.7% | ||||||||
| Cadence Design Systems, Inc.* | 2,163 | $ | 578,949 | |||||
| CyberArk Software Ltd.* | 6,154 | 1,577,763 | ||||||
| Datadog, Inc., Class A* | 10,012 | 1,165,797 | ||||||
| Microsoft Corp. | 6,357 | 2,659,450 | ||||||
| Palo Alto Networks, Inc.* | 8,028 | 2,606,932 | ||||||
| Salesforce, Inc. | 4,707 | 1,218,172 | ||||||
| ServiceNow, Inc.* | 2,684 | 2,185,823 | ||||||
| 11,992,886 | ||||||||
| Technology Hardware, Storage & Peripherals - 5.7% | ||||||||
| Apple, Inc. | 7,364 | 1,635,397 | ||||||
| Samsung Electronics Co. Ltd. | 809 | 1,245,051 | ||||||
| Super Micro Computer, Inc.* | 639 | 448,354 | ||||||
| 3,328,802 | ||||||||
| Total Common Stocks (Cost $43,181,844) | 56,919,750 | |||||||
| Principal | ||||||||
| Short-Term Investments - 1.8% | ||||||||
| Time Deposit - 1.8% | ||||||||
| Citibank, New York 4.68% 8/1/2024 (Cost $1,037,021) | $ | 1,037,021 | 1,037,021 | |||||
| Total Investments - 100.1% (Cost $44,218,865) | $ | 57,956,771 | ||||||
| Liabilities in Excess of Other Assets - (0.1%) | (32,705 | ) | ||||||
| Net Assets - 100.0% | $ | 57,924,066 | ||||||
| * | Non-income producing security. |
TCW Artificial Intelligence ETF invested, as a percentage of net assets, in the following countries as of July 31, 2024:
| United States | 87.0 | % | ||
| Israel | 3.5 | % | ||
| Netherlands | 3.2 | % | ||
| Taiwan | 2.4 | % | ||
| South Korea | 2.2 | % | ||
| Other(1) | 1.7 | % | ||
| Total | 100.0 | % |
| (1) | Includes cash, short term investments and net other assets (liabilities). |
Schedule of Investments (Continued) July 31, 2024 (Unaudited) | |
Fair Value Measurement
The Fund discloses the fair market value of its investments in a hierarchy that distinguishes between: (1) market participant assumptions developed based on market data obtained from sources independent of the Fund (observable inputs) and (2) the Fund’s 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 that the Fund has the ability to access. |
| ● | Level 2 — Other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.). |
| ● | Level 3 — Significant unobservable inputs (including the Fund’s own assumptions in determining the fair value of investments). |
The inputs or methodology 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 fair valuations according to the inputs used as of July 31, 2024 in valuing the Fund’s investments.
| Level 1 | Level 2 | Level 3 | Total | |||||||||||||
| Investments | ||||||||||||||||
| Assets | ||||||||||||||||
| Common Stocks* | $ | 56,919,750 | $ | – | $ | – | $ | 56,919,750 | ||||||||
| Short-Term Investments | ||||||||||||||||
| Time Deposit | 1,037,021 | – | – | 1,037,021 | ||||||||||||
| Total Investments | $ | 57,956,771 | $ | – | $ | – | $ | 57,956,771 | ||||||||
| * | Please refer to the Schedule of Investments to view securities segregated by industry. |