Emerge
EMPWR
Sustainable
Global
Core
Equity
ETF
Schedule
of
Investments
April
30,
2023
(Unaudited)
1
Shares
Value
Common
Stocks
–
98.4%
Communication
Services
–
6.8%
Alphabet,
Inc.,
Class
A*
.........................................................
210
$
22,542
Verizon
Communications,
Inc.
...................................................
340
13,202
35,744
Consumer
Discretionary
–
15.8%
Amazon.com,
Inc.*
............................................................
179
18,875
eBay,
Inc.
....................................................................
220
10,215
Home
Depot,
Inc.
(The)
.........................................................
42
12,623
MercadoLibre,
Inc.*
............................................................
15
19,162
TJX
Cos.,
Inc.
(The)
...........................................................
169
13,321
Ulta
Beauty,
Inc.*
..............................................................
16
8,823
83,019
Consumer
Staples
–
9.7%
Colgate-Palmolive
Co.
.........................................................
182
14,524
Kroger
Co.
(The)
..............................................................
278
13,519
Unilever
PLC,
ADR
............................................................
408
22,656
50,699
Financials
–
14.3%
Aon
PLC,
Class
A
.............................................................
31
10,081
Chubb
Ltd.
...................................................................
53
10,683
HDFC
Bank
Ltd.,
ADR
..........................................................
198
13,820
PayPal
Holdings,
Inc.*
..........................................................
120
9,120
PNC
Financial
Services
Group,
Inc.
(The)
..........................................
88
11,462
Visa,
Inc.,
Class
A
.............................................................
84
19,549
74,715
Health
Care
–
11.1%
AbbVie,
Inc.
..................................................................
101
15,263
AstraZeneca
PLC,
ADR
........................................................
194
14,205
Danaher
Corp.
................................................................
60
14,214
Novartis
AG,
ADR
.............................................................
144
14,770
58,452
Industrials
–
16.7%
Automatic
Data
Processing,
Inc.
..................................................
91
20,020
Emerson
Electric
Co.
..........................................................
171
14,238
Expeditors
International
of
Washington,
Inc.
........................................
48
5,464
Kubota
Corp.,
ADR
............................................................
129
9,769
TransUnion
..................................................................
146
10,046
United
Parcel
Service,
Inc.,
Class
B
...............................................
81
14,565
Vestas
Wind
Systems
A/S,
ADR*
.................................................
1,441
13,207
87,309
Information
Technology
–
12.0%
Analog
Devices,
Inc.
...........................................................
96
17,268
Apple,
Inc.
...................................................................
123
20,871
Microsoft
Corp.
...............................................................
81
24,888
63,027
Materials
–
8.7%
Ecolab,
Inc.
..................................................................
78
13,092
Linde
PLC
...................................................................
44
16,256
Novozymes
A/S,
ADR
..........................................................
169
8,788
Emerge
EMPWR
Sustainable
Global
Core
Equity
ETF
Schedule
of
Investments
(Continued)
April
30,
2023
(Unaudited)
2
Shares
Value
Common
Stocks
(continued)
Materials
(continued)
Sika
AG,
ADR
................................................................
278
$
7,628
45,764
Real
Estate
–
3.3%
Digital
Realty
Trust,
Inc.
........................................................
85
8,428
Healthpeak
Properties,
Inc.
......................................................
410
9,007
17,435
Total
Common
Stocks
(Cost
$489,504)
..........................................................
516,164
Total
Investments
–
98.4%
(Cost
$489,504)
.............................................................................
$
516,164
Other
Assets
in
Excess
of
Liabilities
–
1.6%
.........................................................
8,335
Net
Assets
–
100.0%
..........................................................................
$
524,499
*
Non
Income
Producing
ADR
:
American
Depositary
Receipt
Summary
of
Investment
Type
Sector
%
of
Net
Assets
Industrials
......................................................................................
16.7%
Consumer
Discretionary
...........................................................................
15.8%
Financials
......................................................................................
14.3%
Information
Technology
............................................................................
12.0%
Health
Care
.....................................................................................
11.1%
Consumer
Staples
................................................................................
9.7%
Materials
.......................................................................................
8.7%
Communication
Services
..........................................................................
6.8%
Real
Estate
.....................................................................................
3.3%
Total
Investments
................................................................................
98.4%
Other
Assets
in
Excess
of
Liabilities
..................................................................
1.6%
Net
Assets
.....................................................................................
100.0%