SmartETFs Asia Pacific Dividend Builder ETF
Schedule of Investments
at March 31, 2024 (Unaudited)
| Shares | | | Common Stocks: 99.9% | | Value | |
| | | | | Australia: 10.7% | | | | |
| | 6,545 | | | Corporate Travel Management Ltd. | | $ | 72,458 | |
| | 2,715 | | | JB Hi-Fi Ltd. | | | 113,664 | |
| | 37,462 | | | Metcash Ltd. | | | 95,444 | |
| | 3,479 | | | Sonic Healthcare Ltd. | | | 66,670 | |
| | | | | | | | 348,236 | |
| | | | | China: 28.4% | | | | |
| | 151,000 | | | China Construction Bank Corp. - H Shares | | | 91,060 | |
| | 55,000 | | | China Medical System Holdings | | | 57,762 | |
| | 20,000 | | | China Merchants Bank Co., Ltd. - H Shares | | | 79,086 | |
| | 37,500 | | | China Overseas Land & Investment Ltd. | | | 53,948 | |
| | 22,500 | | | China Resources Gas Group Ltd. | | | 71,723 | |
| | 183,000 | | | Industrial and Commercial Bank of China Ltd. - H Shares | | | 92,120 | |
| | 21,100 | | | Inner Mongolia Yili Industrial Group Co., Ltd. - A Shares | | | 80,800 | |
| | 827 | | | NetEase Inc. - ADR | | | 85,570 | |
| | 13,500 | | | Ping An Insurance Group Company of China Ltd. - H Shares | | | 57,005 | |
| | 9,000 | | | Shenzhou International | | | 85,206 | |
| | 36,900 | | | Suofeiya Home Collection - A Shares | | | 78,248 | |
| | 12,094 | | | Zhejiang Supor Cookware - A Shares | | | 95,257 | |
| | | | | | | | 927,785 | |
| | | | | Hong Kong: 4.3% | | | | |
| | 28,500 | | | BOC Hong Kong Holdings Ltd. | | | 76,285 | |
| | 14,977 | | | Link REIT/The | | | 64,390 | |
| | | | | | | | 140,675 | |
| | | | | India: 3.1% | | | | |
| | 6,880 | | | Tech Mahindra LTD | | | 102,730 | |
| | | | | | | | | |
| | | | | Malaysia: 2.6% | | | | |
| | 96,700 | | | Public Bank Bhd | | | 86,015 | |
| | | | | | | | | |
| | | | | Singapore: 8.6% | | | | |
| | 45,754 | | | Capland Ascendas - REIT | | | 93,863 | |
| | 58,400 | | | CapitaLand Integrated Commercial Trust - REIT | | | 85,637 | |
| | 3,786 | | | DBS Group Holdings Ltd. | | | 101,025 | |
| | | | | | | | 280,525 | |
| | | | | South Korea: 4.7% | | | | |
| | 13,561 | | | Hanon Systems | | | 60,084 | |
| | 15,165 | | | Korean Reinsurance Co. | | | 93,482 | |
| | | | | | | | 153,566 | |
SmartETFs Asia Pacific Dividend Builder ETF
Schedule of Investments
at March 31, 2024 (Unaudited)
| Shares | | | Common Stocks: 99.9% | | Value | |
| | | | | Taiwan: 23.8% | | | | |
| | 14,000 | | | Catcher Technology Co., Ltd. | | $ | 95,150 | |
| | 10,500 | | | Elite Material Co., Ltd. | | | 132,226 | |
| | 26,517 | | | Hon Hai Precision Industry Co., Ltd. | | | 128,848 | |
| | 1,110 | | | Largan Precision Co., Ltd. | | | 84,285 | |
| | 8,800 | | | Nien Made Enterprise Co., Ltd. | | | 97,619 | |
| | 6,500 | | | Novatek Microelectronics Corp. | | | 119,633 | |
| | 895 | | | Taiwan Semiconductor Manufacturing Co., Ltd. | | | 121,765 | |
| | | | | | | | 779,526 | |
| | | | | | | | | |
| | | | | Thailand: 2.6% | | | | |
| | 31,300 | | | Tisco Financial Group PCL/Foreign | | | 85,180 | |
| | | | | | | | | |
| | | | | United States: 11.1% | | | | |
| | 1,164 | | | Aflac Inc. | | | 99,941 | |
| | 102 | | | Broadcom Inc. | | | 135,192 | |
| | 764 | | | Qualcomm Inc. | | | 129,345 | |
| | | | | | | | 364,478 | |
| | | | | | | | | |
| | | | | Total Common Stocks (Cost $2,740,880) | | | 3,268,716 | |
| | | | | | | | | |
| | | | | Total Investments (Cost $2,740,880): 99.9% | | | 3,268,716 | |
| | | | | Other Assets in Excess of Liabilities: 0.1% | | | 1,566 | |
| | | | | Total Net Assets - 100.0% | | $ | 3,270,282 | |
ADR - American Depository Receipt
PCL - Public Company Limited
REIT - Real Estate Investment Trust
