Valkyrie Balance Sheet Opportunities ETF | ||||||||
Schedule of Investments | ||||||||
June 30, 2022 (Unaudited) | ||||||||
Shares | Value | |||||||
COMMON STOCKS: 99.43% | ||||||||
Automobiles: 13.45% | ||||||||
Tesla, Inc. (a) | 109 | $ | 73,403 | |||||
Banks: 9.20% | ||||||||
Bank of America Corp. | 506 | 15,752 | ||||||
NU Holdings, Ltd. - Class A (a)(b) | 2,665 | 9,967 | ||||||
Silvergate Capital Corp. - Class A (a) | 141 | 7,548 | ||||||
Wells Fargo & Co. | 433 | 16,960 | ||||||
50,227 | ||||||||
Capital Markets: 18.04% | ||||||||
Bank of New York Mellon Corp. | 418 | 17,435 | ||||||
BlackRock, Inc. | 52 | 31,670 | ||||||
Coinbase Global, Inc. - Class A (a) | 479 | 22,523 | ||||||
Robinhood Markets, Inc. - Class A (a) | 1,487 | 12,223 | ||||||
State Street Corp. | 237 | 14,611 | ||||||
98,462 | ||||||||
Consumer Finance: 2.38% | ||||||||
Mogo, Inc. (a) | 15,118 | 12,994 | ||||||
Entertainment: 4.95% | ||||||||
Nexon Co., Ltd. - ADR (a) | 1,329 | 27,045 | ||||||
Insurance: 2.85% | ||||||||
Metromile, Inc. (a) | 16,926 | 15,529 | ||||||
Internet & Direct Marketing Retail: 7.05% | ||||||||
MercadoLibre, Inc. (a) | 28 | 17,833 | ||||||
Overstock.com, Inc. (a) | 826 | 20,658 | ||||||
38,491 | ||||||||
IT Services: 26.02% | ||||||||
Banxa Holdings, Inc. (a)(b) | 14,593 | 13,434 | ||||||
Block, Inc. (a) | 794 | 48,799 | ||||||
Globant S.A. (a) | 165 | 28,710 | ||||||
Mastercard, Inc. - Class A | 61 | 19,244 | ||||||
PayPal Holdings, Inc. (a) | 183 | 12,781 | ||||||
Visa, Inc. - Class A | 97 | 19,098 | ||||||
142,066 | ||||||||
Software: 15.49% | ||||||||
BTCS, Inc. (a) | 11,145 | 16,606 | ||||||
MicroStrategy, Inc. - Class A (a) | 328 | 53,891 | ||||||
Phunware, Inc. (a) | 13,042 | 14,085 | ||||||
84,582 | ||||||||
TOTAL COMMON STOCKS (Cost $1,134,751) | 542,799 | |||||||
Total Investments in Securities (Cost $1,134,751): 99.43% | 542,799 | |||||||
Other Assets in Excess of Liabilities: 0.57% | 3,128 | |||||||
TOTAL NET ASSETS: 100.00% | $ | 545,927 |
ADR | American Depository Receipt | |||||
S.A. | Société Anonyme | |||||
(a) | Non-income producing security. | |||||
(b) | Foreign issued security. |
The Global Industry Classification Standard (GICS®) was developed by and/or is | ||||
the exclusive property of MSCI, Inc. and Standard & Poor's Financial Services, | ||||
LLC (“S&P”). GICS is a service mark of MSCI and S&P and has been licensed for | ||||
use by U.S. Bancorp Fund Services, LLC. |
Valkyrie Balance Sheet Opportunities ETF | ||||||||||
Summary of Fair Value Disclosure at June 30, 2022 (Unaudited) | ||||||||||
The Fund utilizes various methods to measure the fair value of its investments on a recurring basis. Accounting principles generally accepted in the United | ||||||||||
States of America ("U.S. GAAP") establish a hierarchy that prioritizes inputs to valuation methods. The three levels of inputs are: | ||||||||||
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 inputs used to value the Fund's investments as of June 30, 2022: |
Level 1 | Level 2 | Level 3 | Total | |||||||||||||
Common Stocks | ||||||||||||||||
Communication Services | $ | 27,045 | $ | - | $ | - | $ | 27,045 | ||||||||
Consumer Discretionary | 111,894 | - | - | 111,894 | ||||||||||||
Financials | 177,212 | - | - | 177,212 | ||||||||||||
Information Technology | 226,648 | - | - | 226,648 | ||||||||||||
Total Common Stocks | 542,799 | - | - | 542,799 | ||||||||||||
Total Investments | $ | 542,799 | $ | - | $ | - | $ | 542,799 | ||||||||
Refer to the Fund's Schedule of Investments for a detailed break-out of holdings by industry. |