SmartETFs Asia Pacific Dividend Builder ETF
Schedule of Investments
at September 30, 2022 (Unaudited)
| Shares | | | Common Stocks: 97.9% | | Value ($) | |
| | | | | Australia: 10.2% | | | | |
| | 6,881 | | | Corporate Travel Management Ltd. | | $ | 73,680 | |
| | 3,007 | | | JB Hi-Fi Ltd. | | | 73,013 | |
| | 36,910 | | | Metcash Ltd. | | | 91,369 | |
| | 3,853 | | | Sonic Healthcare Ltd. | | | 75,367 | |
| | | | | | | | 313,429 | |
| | | | | China: 31.5% | | | | |
| | 156,000 | | | China Construction Bank Corp. - H Shares | | | 90,225 | |
| | 67,000 | | | China Medical System Holdings | | | 79,976 | |
| | 14,000 | | | China Merchants Bank Co., Ltd. - H Shares | | | 65,098 | |
| | 41,500 | | | China Overseas Land & Investment Ltd. | | | 108,116 | |
| | 20,000 | | | China Resources Gas Group Ltd. | | | 63,569 | |
| | 17,700 | | | Inner Mongolia Yili Industrial Group Co., Ltd. - A Shares | | | 81,765 | |
| | 178,000 | | | Industrial and Commercial Bank of China Ltd. - H Shares | | | 83,448 | |
| | 1,016 | | | NetEase Inc. - ADR | | | 76,810 | |
| | 15,500 | | | Ping An Insurance Group Company of China Ltd. - H Shares | | | 77,404 | |
| | 8,400 | | | Shenzhou International | | | 65,651 | |
| | 40,900 | | | Suofeiya Home Collection - A Shares | | | 96,187 | |
| | 11,994 | | | Zhejiang Supor Cookware - A Shares | | | 77,498 | |
| | | | | | | | 965,747 | |
| | | | | Hong Kong: 6.6% | | | | |
| | 34,500 | | | BOC Hong Kong Holdings Ltd. | | | 114,931 | |
| | 12,224 | | | Link REIT/The | | | 85,493 | |
| | | | | | | | 200,424 | |
| | | | | | | | | |
| | | | | India: 3.1% | | | | |
| | 7,630 | | | Tech Mahindra LTD | | | 94,550 | |
| | | | | | | | | |
| | | | | Malaysia: 3.4% | | | | |
| | 114,700 | | | Public Bank Bhd | | | 104,632 | |
| | | | | | | | | |
| | | | | Singapore: 10.2% | | | | |
| | 52,354 | | | Capland Ascendas - REIT | | | 98,055 | |
| | 74,200 | | | CapitaLand Mall Trust - REIT | | | 99,192 | |
| | 4,986 | | | DBS Group Holdings Ltd. | | | 115,915 | |
| | | | | | | | 313,162 | |
| | | | | South Korea: 4.5% | | | | |
| | 11,328 | | | Hanon Systems | | | 65,357 | |
| | 13,332 | | | Korean Reinsurance Co | | | 72,574 | |
| | | | | | | | 137,931 | |
| Shares | | | Common Stocks: 97.9% | | Value ($) | |
| | | | | Taiwan: 18.5% | | | | |
| | 18,000 | | | Catcher Technology Co., Ltd. | | $ | 97,568 | |
| | 19,000 | | | Elite Material Co., Ltd. | | | 95,525 | |
| | 29,517 | | | Hon Hai Precision Industry Co., Ltd. | | | 94,606 | |
| | 1,400 | | | Largan Precision Co., Ltd. | | | 73,686 | |
| | 8,000 | | | Nien Made Enterprise Co., Ltd. | | | 63,223 | |
| | 10,500 | | | Novatek Microelectronics Corp. | | | 72,257 | |
| | 991 | | | Taiwan Semiconductor Manufacturing Co., Ltd. | | | 67,943 | |
| | | | | | | | 564,808 | |
| | | | | | | | | |
| | | | | Thailand: 3.3% | | | | |
| | 41,300 | | | Tisco Financial Group PCL/Foreign | | | 101,217 | |
| | | | | | | | | |
| | | | | United States: 6.6% | | | | |
| | 1,885 | | | Aflac Inc. | | | 105,937 | |
| | 846 | | | QUALCOMM Inc. | | | 95,581 | |
| | | | | | | | 201,518 | |
| | | | | | | | | |
| | | | | Total Common Stocks (Cost $3,005,699) | | | 2,997,418 | |
| | | | | | | | | |
| | | | | Total Investments (Cost $3,005,699): 97.9% | | | 2,997,418 | |
| | | | | Other Assets in Excess of Liabilities - 2.1% | | | 65,325 | |
| | | | | Net Assets: 100.0% | | $ | 3,062,743 | |
ADR - American Depository Receipt
PCL - Public Company Limited
REIT - Real Estate Investment Trust
