SmartETFs Asia Pacific Dividend Builder ETF
Schedule of Investments
at March 31, 2022 (Unaudited)
| Shares | | | Common Stocks: 99.1% | | Value ($) | |
| | | | Australia: 11.8% | | | |
| | 6,881 | | | Corporate Travel Management Ltd. | | $ | 122,331 | |
| | 3,007 | | | JB Hi-Fi Ltd. | | | 122,043 | |
| | 36,910 | | | Metcash Ltd. | | | 125,436 | |
| | 3,853 | | | Sonic Healthcare Ltd. | | | 102,330 | |
| | | | | | | | 472,140 | |
| | | | | China: 33.4% | | | | |
| | 156,000 | | | China Construction Bank Corp. - H Shares | | | 117,300 | |
| | 125,000 | | | China Lilang Ltd. | | | 60,154 | |
| | 67,000 | | | China Medical System Holdings | | | 105,547 | |
| | 14,000 | | | China Merchants Bank Co., Ltd. - H Shares | | | 110,005 | |
| | 48,500 | | | China Overseas Land & Investment Ltd. | | | 145,192 | |
| | 20,000 | | | China Resources Gas Group Ltd. | | | 84,895 | |
| | 17,700 | | | Inner Mongolia Yili Industrial Group Co., Ltd. - A Shares | | | 102,743 | |
| | 198,000 | | | Industrial and Commercial Bank of China Ltd. - H Shares | | | 121,582 | |
| | 1,016 | | | NetEase Inc. - ADR | | | 91,125 | |
| | 15,500 | | | Ping An Insurance Group Company of China Ltd. - H Shares | | | 110,117 | |
| | 5,100 | | | Shenzhou International | | | 68,232 | |
| | 40,900 | | | Suofeiya Home Collection - A Shares | | | 123,822 | |
| | 11,994 | | | Zhejiang Supor Cookware - A Shares | | | 94,420 | |
| | | | | | | | 1,335,134 | |
| | | | | Hong Kong: 5.9% | | | | |
| | 34,500 | | | BOC Hong Kong Holdings Ltd. | | | 130,808 | |
| | 12,224 | | | Link REIT/The | | | 104,555 | |
| | | | | | | | 235,363 | |
| | | | | | | | | |
| | | | | India: 2.9% | | | | |
| | 5,969 | | | Tech Machindra LTD | | | 117,878 | |
| | | | | | | | | |
| | | | | Malaysia: 3.2% | | | | |
| | 114,700 | | | Public Bank Bhd | | | 127,391 | |
| | | | | | | | | |
| | | | | Singapore: 9.2% | | | | |
| | 52,354 | | | Ascendas Real Estate Investment Trust - REIT | | | 113,179 | |
| | 74,200 | | | CapitaLand Mall Trust - REIT | | | 123,179 | |
| | 4,986 | | | DBS Group Holdings Ltd. | | | 131,810 | |
| | | | | | | | 368,168 | |
| | | | | South Korea: 4.9% | | | | |
| | 8,991 | | | Hanon Systems | | | 87,341 | |
| | 13,332 | | | Korean Reinsurance Co | | | 107,999 | |
| | | | | | | | 195,340 | |
| Shares | | | | | Value ($) | |
| | | | Taiwan: 17.8% | | | |
| | 18,000 | | | Catcher Technology Co., Ltd. | | $ | 90,833 | |
| | 14,000 | | | Elite Material Co., Ltd. | | | 126,139 | |
| | 29,517 | | | Hon Hai Precision Industry Co., Ltd. | | | 109,265 | |
| | 1,400 | | | Largan Precision Co., Ltd. | | | 92,160 | |
| | 8,000 | | | Nien Made Enterprise Co., Ltd. | | | 94,011 | |
| | 6,500 | | | Novatek Microelectronics Corp. | | | 96,813 | |
| | 991 | | | Taiwan Semiconductor Manufacturing Co., Ltd. | | | 103,322 | |
| | | | | | | | 712,543 | |
| | | | | | | | | |
| | | | | Thailand: 3.1% | | | | |
| | 41,300 | | | Tisco Financial Group PCL/Foreign | | | 124,757 | |
| | | | | | | | | |
| | | | | United States: 6.9% | | | | |
| | 2,253 | | | Aflac Inc. | | | 145,071 | |
| | 846 | | | QUALCOMM Inc. | | | 129,286 | |
| | | | | | | | 274,357 | |
| | | | | | | | | |
| | | | | Total Common Stocks (Cost $2,974,653) | | | 3,963,071 | |
| | | | | | | | | |
| | | | | Total Investments (Cost $2,974,653): 99.1% | | | 3,963,071 | |
| | | | | Other Assets in Excess of Liabilities - 0.9% | | | 37,686 | |
| | | | | Net Assets: 100.0% | | $ | 4,000,757 | |
ADR - American Depository Receipt
PCL - Public Company Limited
REIT - Real Estate Investment Trust
