1

Convergence

Long/Short

Equity

ETF

Schedule

of

Investments

February

28,

2023

(Unaudited)

Shares

Value

Common

Stocks

—

114

.40

%

(a)

Administrative

and

Support

Services

—

6

.88

%

Booking

Holdings,

Inc.

(b)

................................

41

$

103,484‌

CBIZ,

Inc.

(b)

.........................................

1,437

71,979‌

Fair

Isaac

Corp.

(b)

.....................................

583

394,918‌

ManpowerGroup,

Inc.

...................................

833

70,705‌

Mastercard,

Inc.

(c)

.....................................

923

327,933‌

PayPal

Holdings,

Inc.

(b)

.................................

4,124

303,526‌

Visa,

Inc.

............................................

1,559

342,886‌

1,615,431‌

Amusement,

Gambling,

and

Recreation

Industries

—

0

.50

%

Wynn

Resorts

Ltd.

(b)

...................................

1,088

117,907‌

Apparel

Manufacturing

—

0

.19

%

Deckers

Outdoor

Corp.

(b)

...............................

105

43,717‌

Beverage

and

Tobacco

Product

Manufacturing

—

1

.26

%

National

Beverage

Corp.

(b)

..............................

2,158

100,671‌

Primo

Water

Corp.

.....................................

12,508

193,623‌

294,294‌

Broadcasting

(except

Internet)

—

1

.44

%

Comcast

Corp.

........................................

9,114

338,767‌

Building

Material

and

Garden

Equipment

—

1

.12

%

Home

Depot,

Inc.

(c)

....................................

884

262,141‌

Chemical

Manufacturing

—

9

.19

%

AbbVie,

Inc.

(c)

........................................

1,770

272,403‌

ACADIA

Pharmaceuticals,

Inc.

(b)

..........................

1,235

25,552‌

Alkermes

PLC

(b)

......................................

1,275

34,094‌

Amgen,

Inc.

..........................................

989

229,112‌

Bristol-Myers

Squibb

Co.

(c)

..............................

3,761

259,359‌

Gilead

Sciences,

Inc.

...................................

3,418

275,253‌

Harmony

Biosciences

Holdings,

Inc.

(b)

......................

779

34,299‌

Linde

PLC

............................................

302

105,208‌

Merck

&

Co.,

Inc.

(c)

....................................

3,051

324,139‌

Neurocrine

Biosciences,

Inc.

(b)

...........................

561

57,839‌

Procter

&

Gamble

Co.

...................................

770

105,921‌

Sarepta

Therapeutics,

Inc.

(b)

.............................

500

61,065‌

Vertex

Pharmaceuticals,

Inc.

(b)

(c)

.........................

835

242,392‌

Viatris,

Inc.

...........................................

11,605

132,297‌

2,158,933‌

2

Convergence

Long/Short

Equity

ETF

Schedule

of

Investments

(Continued)

February

28,

2023

(Unaudited)

Shares

Value

Common

Stocks

—

114.40%

(a)

(Continued)

Computer

and

Electronic

Product

Manufacturing

—

18

.28

%

Allegro

MicroSystems,

Inc.

(b)

.............................

1,409

$

61,545‌

Alphabet,

Inc.

(b)

(c)

....................................

7,567

682,391‌

Apple,

Inc.

(c)

.........................................

2,307

340,076‌

Arista

Networks,

Inc.

(b)

.................................

419

58,115‌

Broadcom,

Inc.

(c)

......................................

822

488,507‌

Cisco

Systems,

Inc.

(c)

..................................

9,352

452,825‌

Extreme

Networks,

Inc.

(b)

...............................

17,997

336,904‌

Fortinet,

Inc.

(b)

.......................................

2,134

126,845‌

Iridium

Communications,

Inc.

(b)

...........................

5,533

339,560‌

Jabil,

Inc.

(c)

..........................................

4,763

395,472‌

Microchip

Technology,

Inc.

................................

5,015

406,366‌

Motorola

Solutions,

Inc.

..................................

246

64,651‌

Sanmina

Corp.

(b)

......................................

3,194

193,109‌

Trane

Technologies

PLC

.................................

678

125,410‌

Viavi

Solutions,

Inc.

(b)

..................................

20,245

221,480‌

4,293,256‌

Construction

of

Buildings

—

0

.67

%

NVR,

Inc.

(b)

..........................................

14

72,431‌

Taylor

Morrison

Home

Corp.

(b)

............................

2,395

85,813‌

158,244‌

Couriers

and

Messengers

—

0

.55

%

United

Parcel

Service,

Inc.

-

Class

B

........................

714

130,298‌

Credit

Intermediation

and

Related

Activities

—

6

.46

%

Associated

Banc-Corp.

..................................

5,439

125,913‌

Bank

of

New

York

Mellon

Corp.

............................

6,153

313,064‌

BankUnited,

Inc.

.......................................

3,872

137,146‌

Citigroup,

Inc.

.........................................

3,122

158,254‌

JPMorgan

Chase

&

Co.

..................................

1,496

214,452‌

State

Street

Corp.

......................................

3,326

294,950‌

UMB

Financial

Corp.

....................................

1,326

120,215‌

Wells

Fargo

&

Co.

......................................

3,326

155,557‌

1,519,551‌

Data

Processing,

Hosting,

and

Related

Services

—

0

.64

%

Airbnb,

Inc.

(b)

........................................

856

105,528‌

Kyndryl

Holdings,

Inc.

(b)

................................

2,747

43,100‌

148,628‌

Fabricated

Metal

Product

Manufacturing

—

1

.10

%

Atkore,

Inc.

(b)

........................................

1,288

188,074‌

Mueller

Industries,

Inc.

..................................

959

70,937‌

259,011‌

3

Convergence

Long/Short

Equity

ETF

Schedule

of

Investments

(Continued)

February

28,

2023

(Unaudited)

Shares

Value

Common

Stocks

—

114.40%

(a)

(Continued)

Food

Manufacturing

—

2

.55

%

J

M

Smucker

Co.

.......................................

1,262

$

186,637‌

Lamb

Weston

Holdings,

Inc.

..............................

1,836

184,775‌

Post

Holdings,

Inc.

(b)

...................................

1,543

138,808‌

Simply

Good

Foods

Co.

(b)

...............................

2,289

87,646‌

597,866‌

Food

Services

and

Drinking

Places

—

1

.20

%

Manhattan

Associates,

Inc.

(b)

............................

1,944

279,450‌

Funds,

Trusts,

and

Other

Financial

Vehicles

—

0

.33

%

Incyte

Corp.

(b)

........................................

1,014

78,058‌

General

Merchandise

Stores

—

0

.85

%

Walmart,

Inc.

.........................................

1,415

201,114‌

Health

and

Personal

Care

Stores

—

2

.76

%

CVS

Health

Corp.

(c)

...................................

2,269

189,553‌

Ulta

Beauty,

Inc.

(b)

.....................................

529

274,445‌

Walgreens

Boots

Alliance,

Inc.

............................

5,204

184,898‌

648,896‌

Insurance

Carriers

and

Related

Activities

—

5

.81

%

Arch

Capital

Group

Ltd.

(b)

...............................

2,053

143,710‌

Cigna

Group/The

......................................

640

186,944‌

Everest

Re

Group

Ltd.

...................................

293

112,503‌

Humana,

Inc.

.........................................

347

171,772‌

Jackson

Financial,

Inc.

..................................

3,961

179,750‌

Radian

Group,

Inc.

.....................................

6,728

143,643‌

RenaissanceRe

Holdings

Ltd.

.............................

695

149,355‌

Selective

Insurance

Group,

Inc.

............................

1,422

144,375‌

Unum

Group

(c)

.......................................

2,944

131,155‌

1,363,207‌

Machinery

Manufacturing

—

2

.43

%

Axcelis

Technologies,

Inc.

(b)

.............................

1,705

219,160‌

Caterpillar,

Inc.

........................................

502

120,254‌

Mettler-Toledo

International,

Inc.

(b)

........................

57

81,721‌

Terex

Corp.

...........................................

2,539

150,334‌

571,469‌

Merchant

Wholesalers

Nondurable

Goods

Mining

—

0

.51

%

Southern

Copper

Corp.

..................................

1,646

121,294‌

4

Convergence

Long/Short

Equity

ETF

Schedule

of

Investments

(Continued)

February

28,

2023

(Unaudited)

Shares

Value

Common

Stocks

—

114.40%

(a)

(Continued)

Merchant

Wholesalers,

Durable

Goods

—

4

.08

%

Agilysys,

Inc.

(b)

.......................................

3,094

$

247,242‌

Allison

Transmission

Holdings,

Inc.

.........................

2,673

126,968‌

Arrow

Electronics,

Inc.

(b)

................................

1,254

147,959‌

Reliance

Steel

&

Aluminum

Co.

............................

535

132,594‌

WESCO

International,

Inc.

(b)

.............................

714

118,224‌

WW

Grainger,

Inc.

......................................

279

186,492‌

959,479‌

Merchant

Wholesalers,

Nondurable

Goods

—

3

.10

%

AmerisourceBergen

Corp.

(c)

.............................

1,124

174,850‌

Cardinal

Health,

Inc.

(c)

..................................

3,582

271,194‌

McKesson

Corp.

(c)

....................................

467

163,361‌

Wingstop,

Inc.

.........................................

688

117,201‌

726,606‌

Mining

(except

Oil

and

Gas)

—

0

.93

%

Alpha

Metallurgical

Resources,

Inc.

.........................

641

107,522‌

Freeport-McMoRan,

Inc.

.................................

2,667

109,267‌

216,789‌

Miscellaneous

Manufacturing

—

3

.25

%

Brady

Corp.

..........................................

1,550

85,498‌

Haemonetics

Corp.

(b)

..................................

2,072

161,139‌

Inspire

Medical

Systems,

Inc.

(b)

...........................

815

211,843‌

Johnson

&

Johnson

....................................

1,489

228,205‌

Shockwave

Medical,

Inc.

(b)

..............................

402

76,476‌

763,161‌

Motor

Vehicle

and

Parts

Dealers

—

2

.82

%

Asbury

Automotive

Group,

Inc.

(b)

..........................

734

166,691‌

Group

1

Automotive,

Inc.

(c)

..............................

1,233

272,580‌

Murphy

USA,

Inc.

......................................

877

223,714‌

662,985‌

Nonmetallic

Mineral

Product

Manufacturing

—

0

.54

%

O-I

Glass,

Inc.

(b)

......................................

5,682

126,254‌

Nonstore

Retailers

—

0

.84

%

Dillard's,

Inc.

..........................................

393

140,069‌

Etsy,

Inc.

(b)

..........................................

469

56,941‌

197,010‌

Paper

Manufacturing

—

1

.78

%

Boise

Cascade

Co.

(c)

..................................

2,156

149,001‌

Graphic

Packaging

Holding

Co.

............................

4,090

97,342‌

Kimberly-Clark

Corp.

....................................

1,383

172,944‌

419,287‌

5

Convergence

Long/Short

Equity

ETF

Schedule

of

Investments

(Continued)

February

28,

2023

(Unaudited)

Shares

Value

Common

Stocks

—

114.40%

(a)

(Continued)

Performing

Arts,

Spectator

Sports,

and

—

0

.43

%

International

Game

Technology

PLC

........................

3,816

$

101,353‌

Petroleum

and

Coal

Products

Manufacturing

—

4

.68

%

Exxon

Mobil

Corp.

(c)

...................................

2,347

257,959‌

Marathon

Petroleum

Corp.

...............................

2,175

268,830‌

PBF

Energy,

Inc.

(c)

....................................

7,341

320,876‌

Valero

Energy

Corp.

....................................

1,913

251,999‌

1,099,664‌

Pipeline

Transportation

—

1

.41

%

Scorpio

Tankers,

Inc.

....................................

5,479

330,712‌

Primary

Metal

Manufacturing

—

1

.26

%

Commercial

Metals

Co.

..................................

2,040

105,570‌

Encore

Wire

Corp.

(c)

...................................

984

189,922‌

295,492‌

Professional,

Scientific,

and

Technical

Services

—

0

.59

%

Genpact

Ltd.

..........................................

586

27,970‌

H&R

Block,

Inc.

(c)

.....................................

2,970

109,296‌

137,266‌

Publishing

Industries

(Except

Internet)

—

7

.30

%

Activision

Blizzard,

Inc.

..................................

1,976

150,670‌

Adobe,

Inc.

(b)

........................................

1,085

351,486‌

Appfolio,

Inc.

(b)

.......................................

213

28,129‌

Cadence

Design

Systems,

Inc.

(b)

(c)

........................

2,105

406,138‌

Microsoft

Corp.

(c)

.....................................

1,124

280,348‌

Splunk,

Inc.

(b)

........................................

3,661

375,253‌

Synopsys,

Inc.

(b)

......................................

331

120,405‌

1,712,429‌

Real

Estate

—

0

.58

%

Zillow

Group,

Inc.

(b)

....................................

3,248

136,416‌

Rental

and

Leasing

Services

—

1

.77

%

Netflix,

Inc.

(b)

........................................

1,291

415,870‌

Securities,

Commodity

Contracts,

and

Other

Financ

—

3

.38

%

DraftKings,

Inc.

(b)

.....................................

1,926

36,324‌

Evercore,

Inc.

-

Class

A

..................................

1,377

180,634‌

LPL

Financial

Holdings,

Inc.

(c)

............................

1,152

287,493‌

SEI

Investments

Co.

....................................

3,299

198,765‌

StoneX

Group,

Inc.

(b)

..................................

894

90,142‌

793,358‌

6

Convergence

Long/Short

Equity

ETF

Schedule

of

Investments

(Continued)

February

28,

2023

(Unaudited)

Shares

Value

Common

Stocks

—

114.40%

(a)

(Continued)

Specialty

Trade

Contractors

—

1

.39

%

EMCOR

Group,

Inc.

....................................

1,471

$

245,980‌

Installed

Building

Products,

Inc.

............................

692

79,843‌

325,823‌

Support

Activities

for

Transportation

—

0

.52

%

Expeditors

International

of

Washington,

Inc.

..................

1,166

121,917‌

Transportation

Equipment

Manufacturing

—

2

.95

%

BorgWarner,

Inc.

.......................................

1,251

62,900‌

General

Motors

Co.

.....................................

5,497

212,954‌

PACCAR,

Inc.

.........................................

670

48,374‌

Textron,

Inc.

..........................................

1,569

113,800‌

Visteon

Corp.

(b)

.......................................

1,536

256,574‌

694,602‌

Utilities

—

4

.24

%

Brookfield

Renewable

Corp.

..............................

4,329

120,563‌

First

Solar,

Inc.

(b)

......................................

1,741

294,472‌

FirstEnergy

Corp.

......................................

3,483

137,718‌

National

Fuel

Gas

Co.

...................................

2,583

147,953‌

ONE

Gas,

Inc.

.........................................

2,120

169,939‌

Pinnacle

West

Capital

Corp.

..............................

1,700

125,256‌

995,901‌

Warehousing

and

Storage

—

0

.83

%

Landstar

System,

Inc.

(c)

................................

1,080

195,253‌

Waste

Management

and

Remediation

Services

—

0

.31

%

Clean

Harbors,

Inc.

(b)

..................................

544

71,846‌

Wood

Product

Manufacturing

—

0

.70

%

Skyline

Champion

Corp.

(b)

(c)

.............................

1,228

84,007‌

UFP

Industries,

Inc.

....................................

931

79,628‌

163,635‌

T

otal

Common

Stocks

(Cost

$

24,812,839

)

................

26,864,640‌

Real

Estate

Investment

Trusts

—

2

.65

%

(a)

Real

Estate

—

2

.21

%

Apartment

Income

REIT

Corp.

............................

2,329

88,036‌

Camden

Property

Trust

..................................

973

111,662‌

Public

Storage

........................................

393

117,487‌

Simon

Property

Group,

Inc.

...............................

720

87,905‌

STAG

Industrial,

Inc.

....................................

3,339

112,325‌

517,415‌

7

Convergence

Long/Short

Equity

ETF

Schedule

of

Investments

(Continued)

February

28,

2023

(Unaudited)

Shares

Value

Real

Estate

Investment

Trusts

—

2.65%

(a)

(Continued)

Securities,

Commodity

Contracts,

and

Other

Financ

—

0

.44

%

Innovative

Industrial

Properties,

Inc.

........................

1,175

$

103,881‌

T

otal

Real

Estate

Investment

Trusts

(Cost

$

629,371

)

.......

621,296‌

Money

Market

Funds

—

0

.09

%

First

American

Government

Obligations

Fund

-

X

Class

,

2

.924

%

(d)

21,162

21,162‌

Total

Money

Market

Funds

(Cost

$

21,162

)

................

21,162‌

Total

Investments

(Cost

$25,463,372)

—

117.14%

27,507,098‌

Liabilities

in

E

xcess

of

Other

Assets

—

(

17

.14

)

%

............

(

4,027,380‌

)

Total

Net

Assets

—

100.00%

.............................

$

23,479,718‌

Percentages

are

stated

as

a

percent

of

net

assets.

PLC

Public

Limited

Company

S&P

Standards

&

Poor's

(a)

Unless

otherwise

noted,

all

or

a

portion

of

these

securities,

totaling

$27,184,183,

are

pledged

as

collateral

for

securities

sold

short.

(b)

Non-income

producing

security.

(c)

This

security

is

not

pledged

as

collateral

for

securities

sold

short.

(d)

The

rate

shown

represents

the

seven-day

yield

as

of

February

28,

2023.

8

Convergence

Long/Short

Equity

ETF

Schedule

of

Securities

Sold

Short

February

28,

2023

(Unaudited)

Shares

Value

Common

Stocks

—

(44.82)%

Accommodation

—

(0.15)%

Caesars

Entertainment,

Inc.

(a)

............................

(682)

$

(34,618‌)

Administrative

and

Support

Services

—

(2.43)%

AdaptHealth

Corp.

(a)

...................................

(3,025)

(48,370‌)

Bread

Financial

Holdings,

Inc.

.............................

(1,534)

(63,001‌)

DigitalBridge

Group,

Inc.

.................................

(2,341)

(28,724‌)

Fidelity

National

Information

Services,

Inc.

....................

(1,941)

(123,001‌)

nCino,

Inc.

(a)

.........................................

(2,817)

(76,763‌)

R1

RCM,

Inc.

(a)

.......................................

(4,647)

(65,987‌)

ROBLOX

Corp.

(a)

.....................................

(1,397)

(51,186‌)

SentinelOne,

Inc.

(a)

....................................

(5,595)

(89,464‌)

TransUnion

...........................................

(360)

(23,555‌)

(570,051‌)

Air

Transportation

—

(0.60)%

Alaska

Air

Group,

Inc.

(a)

................................

(732)

(35,012‌)

Frontier

Group

Holdings,

Inc.

(a)

...........................

(3,092)

(36,362‌)

JetBlue

Airways

Corp.

(a)

................................

(2,395)

(19,879‌)

Southwest

Airlines

Co.

..................................

(1,491)

(50,067‌)

(141,320‌)

Ambulatory

Health

Care

Services

—

(0.63)%

Premier,

Inc.

..........................................

(2,672)

(86,012‌)

Surgery

Partners,

Inc.

(a)

................................

(1,845)

(61,715‌)

(147,727‌)

Amusement,

Gambling,

and

Recreation

Industries

—

(0.10)%

Light

&

Wonder,

Inc.

-

Class

A

(a)

..........................

(390)

(24,418‌)

Beverage

and

Tobacco

Product

Manufacturing

—

(0.53)%

Celsius

Holdings,

Inc.

(a)

.................................

(714)

(

64,831‌)

Constellation

Brands,

Inc.

................................

(258)

(57,715‌)

(122,546‌)

Broadcasting

(except

Internet)

—

(1.26)%

Liberty

Broadband

Corp.

(a)

..............................

(649)

(56,249‌)

Madison

Square

Garden

Sports

Corp.

.......................

(307)

(58,680‌)

Roku,

Inc.

(a)

.........................................

(992)

(

64,172‌)

Warner

Bros

Discovery,

Inc.

(a)

............................

(7,453)

(116,416‌)

(295,517‌)

9

Convergence

Long/Short

Equity

ETF

Schedule

of

Securities

Sold

Short

(Continued)

February

28,

2023

(Unaudited)

Shares

Value

Common

Stocks

—

(44.82)%

Chemical

Manufacturing

—

(4.41)%

Beam

Therapeutics,

Inc.

(a)

...............................

(1,986)

$

(79,917‌)

Blueprint

Medicines

Corp.

(a)

.............................

(1,343)

(56,903‌)

Catalent,

Inc.

(a)

.......................................

(724)

(49,391‌)

Intellia

Therapeutics,

Inc.

(a)

..............................

(2,104)

(84,518‌)

Inter

Parfums,

Inc.

......................................

(332)

(39,976‌)

International

Flavors

&

Fragrances,

Inc.

......................

(906)

(84,439‌)

Minerals

Technologies,

Inc.

...............................

(559)

(33,959‌)

Mirati

Therapeutics,

Inc.

(a)

...............................

(1,559)

(71,465‌)

Moderna,

Inc.

(a)

......................................

(395)

(54,830‌)

Olaplex

Holdings,

Inc.

(a)

................................

(9,250)

(45,510‌)

Pfizer,

Inc.

............................................

(3,707)

(150,393‌)

Prometheus

Biosciences,

Inc.

(a)

..........................

(476)

(58,258‌)

Rogers

Corp.

(a)

.......................................

(972)

(143,078‌)

Ultragenyx

Pharmaceutical,

Inc.

(a)

.........................

(1,928)

(85,777‌)

(1,038,414‌)

Clothing

and

Clothing

Accessories

Stores

—

(1.17)%

American

Eagle

Outfitters,

Inc.

............................

(4,856)

(69,781‌)

Boot

Barn

Holdings,

Inc.

(a)

..............................

(1,055)

(81,710‌)

KKR

&

Co.,

Inc.

........................................

(1,041)

(58,660‌)

Urban

Outfitters,

Inc.

(a)

.................................

(2,390)

(64,411‌)

(274,562‌)

Computer

and

Electronic

Product

Manufacturing

—

(3.95)%

Advanced

Micro

Devices,

Inc.

(a)

...........................

(1,115)

(87,617‌)

Ambarella,

Inc.

(a)

......................................

(845)

(79,692‌)

Bloom

Energy

Corp.

(a)

..................................

(1,711)

(37,112‌)

Intel

Corp.

............................................

(5,407)

(134,797‌)

Mercury

Systems,

Inc.

(a)

................................

(853)

(44,646‌)

Omnicell,

Inc.

(a)

.......................................

(1,066)

(58,033‌)

SiTime

Corp.

(a)

.......................................

(816)

(101,306‌)

Viasat,

Inc.

(a)

........................................

(4,214)

(133,837‌)

Western

Digital

Corp.

(a)

.................................

(4,102)

(157,845‌)

Wolfspeed,

Inc.

(a)

.....................................

(1,271)

(94,029‌)

(928,914‌)

Construction

of

Buildings

—

(0.20)%

LGI

Homes,

Inc.

(a)

.....................................

(290)

(30,250‌)

Tri

Pointe

Homes,

Inc.

(a)

................................

(683)

(16,283‌)

(46,533‌)

10

Convergence

Long/Short

Equity

ETF

Schedule

of

Securities

Sold

Short

(Continued)

February

28,

2023

(Unaudited)

Shares

Value

Common

Stocks

—

(44.82)%

Credit

Intermediation

and

Related

Activities

—

(2.30)%

Affirm

Holdings,

Inc.

(a)

..................................

(5,912)

$

(80,521‌)

Eastern

Bankshares,

Inc.

................................

(2,727)

(42,759‌)

First

Republic

Bank/CA

..................................

(311)

(38,256‌)

Flywire

Corp.

(a)

.......................................

(3,474)

(

85,912‌)

Glacier

Bancorp,

Inc.

....................................

(927)

(43,921‌)

PacWest

Bancorp

......................................

(4,074)

(113,054‌)

SVB

Financial

Group

(a)

.................................

(330)

(95,076‌)

Webster

Financial

Corp.

.................................

(789)

(41,912‌)

(541,411‌)

Data

Processing,

Hosting,

and

Related

Services

—

(0

.52)%

FactSet

Research

Systems,

Inc.

...........................

(145)

(60,110‌)

Shutterstock,

Inc.

......................................

(814)

(61,229‌)

(121,339‌)

Electrical

Equipment,

Appliance,

and

Component

—

(1.20)%

Fluence

Energy,

Inc.

(a)

.................................

(1,660)

(30,992‌)

Generac

Holdings,

Inc.

(a)

................................

(368)

(44,164‌)

IPG

Photonics

Corp.

(a)

.................................

(883)

(108,821‌)

Plug

Power,

Inc.

(a)

.....................................

(2,606)

(38,751‌)

Regal

Rexnord

Corp.

...................................

(372)

(58,642‌)

(281,370‌)

Fabricated

Metal

Product

Manufacturing

—

(0.78)%

Crown

Holdings,

Inc.

....................................

(281)

(24,309‌)

Fortune

Brands

Innovations,

Inc.

...........................

(801)

(49,622‌)

RBC

Bearings,

Inc.

(a)

..................................

(174)

(39,987‌)

Stanley

Black

&

Decker,

Inc.

..............................

(409)

(35,014‌)

Zurn

Elkay

Water

Solutions

Corp.

..........................

(1,542)

(35,466‌)

(184,398‌)

Food

and

Beverage

Stores

—

(0.24)%

Grocery

Outlet

Holding

Corp.

(a)

...........................

(2,126)

(57,508‌)

Food

Manufacturing

—

(1.20)%

Darling

Ingredients,

Inc.

(a)

...............................

(720)

(45,554‌)

Freshpet,

Inc.

(a)

.......................................

(1,178)

(73,248‌)

Sensient

Technologies

Corp.

..............................

(458)

(34,529‌)

TreeHouse

Foods,

Inc.

(a)

................................

(1,163)

(56,743‌)

Tyson

Foods,

Inc.

-

Class

A

...............................

(1,240)

(73,458‌)

(283,532‌)

Food

Services

and

Drinking

Places

—

(0.11)%

Shake

Shack,

Inc.

(a)

...................................

(443)

(24,715‌)

11

Convergence

Long/Short

Equity

ETF

Schedule

of

Securities

Sold

Short

(Continued)

February

28,

2023

(Unaudited)

Shares

Value

Common

Stocks

—

(44.82)%

Furniture

and

Home

Furnishings

Stores

—

(0.69)%

Floor

&

Decor

Holdings,

Inc.

(a)

............................

(919)

$

(84,373‌)

RH

(a)

..............................................

(256)

(76,552‌)

(160,925‌)

Heavy

and

Civil

Engineering

Construction

—

(0.14)%

St

Joe

Co.

............................................

(776)

(33,236‌)

Insurance

Carriers

and

Related

Activities

—

(0.87)%

Aflac,

Inc.

............................................

(859)

(58,541‌)

Assured

Guaranty

Ltd.

..................................

(705)

(43,999‌)

Equitable

Holdings,

Inc.

..................................

(1,897)

(59,604‌)

Ryan

Specialty

Holdings,

Inc.

(a)

...........................

(986)

(41,530‌)

(203,674‌)

Machinery

Manufacturing

—

(1.05)%

Alamo

Group,

Inc.

......................................

(204)

(37,208‌)

Azenta,

Inc.

(a)

........................................

(969)

(42,529‌)

Coherent

Corp.

(a)

.....................................

(3,882)

(167,431‌)

(247,168‌)

Management

of

companies

and

Enterprises

—

(1.19)%

Carnival

Corp.

(a)

......................................

(2,744)

(29,141‌)

Enstar

Group

Ltd.

(a)

...................................

(176)

(43,034‌)

First

Interstate

BancSystem,

Inc.

...........................

(1,164)

(41,369‌)

Helen

of

Troy

Ltd.

(a)

....................................

(78)

(8,790‌)

Home

BancShares,

Inc./AR

...............................

(1,452)

(34,993‌)

Norwegian

Cruise

Line

Holdings

Ltd.

(a)

.....................

(1,353)

(20,051‌)

Rivian

Automotive,

Inc.

(a)

................................

(3,065)

(59,155‌)

ServisFirst

Bancshares,

Inc.

..............................

(586)

(43,334‌)

(279,867‌)

Merchant

Wholesalers,

Durable

Goods

—

(0.13)%

Core

&

Main,

Inc.

(a)

....................................

(1,276)

(29,744‌)

Merchant

Wholesalers,

Nondurable

Goods

—

(0.58)%

Arrowhead

Pharmaceuticals,

Inc.

(a)

........................

(2,869)

(92,669‌)

Relay

Therapeutics,

Inc.

(a)

...............................

(2,745)

(44,332‌)

(137,001‌)

Mining

(except

Oil

and

Gas)

—

(0.82)%

Coterra

Energy,

Inc.

....................................

(2,469)

(61,651‌)

Royal

Gold,

Inc.

.......................................

(373)

(44,309‌)

Southwestern

Energy

Co.

(a)

.............................

(11,009)

(58,348‌)

Vulcan

Materials

Co.

....................................

(157)

(28,403‌)

(192,711‌)

12

Convergence

Long/Short

Equity

ETF

Schedule

of

Securities

Sold

Short

(Continued)

February

28,

2023

(Unaudited)

Shares

Value

Common

Stocks

—

(44.82)%

Miscellaneous

Manufacturing

—

(1.32)%

Baxter

International,

Inc.

.................................

(1,341)

$

(

53,573‌)

Envista

Holdings

Corp.

(a)

................................

(1,759)

(68,003‌)

Neogen

Corp.

(a)

......................................

(2,987)

(52,840‌)

Peloton

Interactive,

Inc.

(a)

...............................

(1,282)

(16,563‌)

STERIS

PLC

..........................................

(356)

(66,939‌)

Tandem

Diabetes

Care,

Inc.

(a)

............................

(874)

(31,342‌)

Topgolf

Callaway

Brands

Corp.

(a)

..........................

(838)

(19,425‌)

(308,685‌)

Motion

Picture

and

Sound

Recording

Industries

—

(0.25)%

Take-Two

Interactive

Software,

Inc.

(a)

.......................

(543)

(59,486‌)

Motor

Vehicle

and

Parts

Dealers

—

(0.20)%

Lithia

Motors,

Inc.

......................................

(186)

(47,463‌)

Non

store

retailers

—

(0.26)%

PriceSmart,

Inc.

.......................................

(890)

(62,051‌)

Nonmetallic

Mineral

Product

Manufacturing

—

(0.56)%

Corning,

Inc.

..........................................

(3,869)

(131,353‌)

Nonstore

Retailers

—

(0.68)%

Amazon.com,

Inc.

(a)

...................................

(870)

(81,980‌)

DoorDash,

Inc.

(a)

......................................

(1,427)

(78,000‌)

(159,980‌)

Oil

and

gas

extraction

category

—

(0.21)%

Chesapeake

Energy

Corp.

...............................

(617)

(49,860‌)

Other

Information

Services

—

(0.39)%

Meta

Platforms,

Inc.

(a)

..................................

(530)

(92,718‌)

Personal

and

Laundry

Services

—

(0.12)%

IAC,

Inc.

(a)

..........................................

(542)

(28,151‌)

Petroleum

and

Coal

Products

Manufacturing

—

(0.54)%

EQT

Corp.

...........................................

(3,810)

(126,415‌)

Plastics

and

Rubber

Products

Manufacturing

—

(0.57)%

Entegris,

Inc.

..........................................

(1,237)

(105,430‌)

Newell

Brands,

Inc.

.....................................

(2,000)

(29,380‌)

(134,810‌)

13

Convergence

Long/Short

Equity

ETF

Schedule

of

Securities

Sold

Short

(Continued)

February

28,

2023

(Unaudited)

Shares

Value

Common

Stocks

—

(44.82)%

Professional,

Scientific,

and

Technical

Services

—

(2.13)%

AppLovin

Corp.

(a)

.....................................

(6,185)

$

(

83,498‌)

Aspen

Technology,

Inc.

(a)

................................

(244)

(51,730‌)

Cognizant

Technology

Solutions

Corp.

-

Class

A

...............

(1,463)

(91,628‌)

Cytokinetics,

Inc.

(a)

....................................

(1,793)

(77,744‌)

Digital

Turbine,

Inc.

(a)

...................................

(3,235)

(34,744‌)

FTI

Consulting,

Inc.

(a)

..................................

(144)

(26,454‌)

Trade

Desk,

Inc.

(a)

.....................................

(950)

(53,162‌)

Unity

Software,

Inc.

(a)

..................................

(2,598)

(79,083‌)

(498,043‌)

Publishing

Industries

(Except

Internet)

—

(1.82)%

BILL

Holdings,

Inc.

(a)

...................................

(836)

(70,751‌)

Confluent,

Inc.

(a)

......................................

(3,241)

(79,048‌)

MongoDB,

Inc.

(a)

......................................

(357)

(74,799‌)

Okta,

Inc.

(a)

..........................................

(1,080)

(76,993‌)

Toast,

Inc.

(a)

.........................................

(3,547)

(67,109‌)

ZoomInfo

Technologies,

Inc.

(a)

............................

(2,299)

(55,567‌)

(424,267‌)

Real

Estate

—

(0.13)%

MP

Materials

Corp.

(a)

..................................

(867)

(30,345‌)

Rental

and

Leasing

Services

—

(0.14)%

Air

Lease

Corp.

........................................

(771)

(33,369‌)

Repair

and

Maintenance

—

(0.30)%

Driven

Brands

Holdings,

Inc.

(a)

...........................

(931)

(26,045‌)

Valvoline,

Inc.

.........................................

(1,257)

(44,247‌)

(

70,292‌)

Securities,

Commodity

Contracts,

and

Other

Financ

—

(2.26)%

API

Group

Corp.

(a)

....................................

(1,671)

(39,252‌)

Beauty

Health

Co.

(a)

...................................

(3,091)

(38,978‌)

Blackstone,

Inc.

.......................................

(664)

(60,291‌)

Brighthouse

Financial,

Inc.

(a)

.............................

(845)

(48,866‌)

Clarivate

PLC

(a)

......................................

(2,538)

(25,710‌)

E2open

Parent

Holdings,

Inc.

(a)

...........................

(11,463)

(71,070‌)

Joby

Aviation,

Inc.

(a)

...................................

(8,375)

(39,362‌)

Rocket

Lab

USA,

Inc.

(a)

.................................

(7,573)

(34,079‌)

S&P

Global,

Inc.

.......................................

(181)

(61,757‌)

SOFI

TECHNOLOGIES

INC

COM

(a)

.......................

(10,826)

(71,451‌)

Trupanion,

Inc.

(a)

......................................

(685)

(40,675‌)

(531,491‌)

Specialty

Trade

Contractors

—

(0.18)%

Sunrun,

Inc.

(a)

........................................

(1,802)

(43,320‌)

14

Convergence

Long/Short

Equity

ETF

Schedule

of

Securities

Sold

Short

(Continued)

February

28,

2023

(Unaudited)

Shares

Value

Common

Stocks

—

(44.82)%

Support

Activities

for

Mining

—

(0.67)%

Civitas

Resources,

Inc.

..................................

(1,035)

$

(72,626‌)

Northern

Oil

and

Gas,

Inc.

................................

(2,030)

(63,011‌)

SSR

Mining,

Inc.

.......................................

(1,588)

(21,676‌)

(157,313‌)

Support

Activities

for

Transportation

—

(0.10)%

GATX

Corp.

..........................................

(214)

(23,345‌)

Telecommunications

—

(1.71)%

Doximity,

Inc.

(a)

.......................................

(1,695)

(57,003‌)

Frontier

Communications

Parent,

Inc.

(a)

.....................

(1,624)

(44,433‌)

Gogo,

Inc.

(a)

.........................................

(3,026)

(49,808‌)

Twilio,

Inc.

(a)

.........................................

(1,882)

(126,489‌)

Zoom

Video

Communications,

Inc.

(a)

.......................

(1,661)

(123,893‌)

(401,626‌)

Transit

and

Ground

Passenger

Transportation

—

(0.15)%

Lyft,

Inc.

(a)

...........................................

(3,568)

(35,680‌)

Transportation

Equipment

Manufacturing

—

(0.77)%

Gentex

Corp.

.........................................

(1,962)

(56,015‌)

LCI

Industries

.........................................

(506)

(57,082‌)

Spirit

AeroSystems

Holdings,

Inc.

-

Class

A

...................

(1,070)

(36,573‌)

Trinity

Industries,

Inc.

...................................

(1,102)

(30,757‌)

(180,427‌)

Utilities

—

(1.73)%

American

States

Water

Co.

...............................

(410)

(36,613‌)

Atmos

Energy

Corp.

....................................

(509)

(57,420‌)

Chesapeake

Utilities

Corp.

...............................

(249)

(31,894‌)

Dominion

Energy,

Inc.

...................................

(1,263)

(70,248‌)

DTE

Energy

Co.

.......................................

(647)

(70,982‌)

MDU

Resources

Group,

Inc.

..............................

(1,309)

(41,692‌)

MGE

Energy,

Inc.

......................................

(585)

(41,406‌)

New

Fortress

Energy,

Inc.

................................

(1,653)

(54,532‌)

(404,787‌)

Water

Transportation

—

(0.17)%

Royal

Caribbean

Cruises

Ltd.

(a)

...........................

(561)

(39,629‌)

Wood

Product

Manufacturing

—

(0.21)%

Enviva,

Inc.

...........................................

(1,133)

(49,353‌)

Total

Common

Stocks

(Proceeds  $12,163,798)

...........

(10,527,478‌)

15

Convergence

Long/Short

Equity

ETF

Schedule

of

Securities

Sold

Short

(Continued)

February

28,

2023

(Unaudited)

Shares

Value

Real

Estate

Investment

Trusts

—

(2.17)%

Accommodation

—

(0.13)%

Sunstone

Hotel

Investors,

Inc.

.............................

(2,979)

$

(31,488‌)

Real

Estate

—

(1.86)%

AGNC

Investment

Corp.

.................................

(8,360)

(90,873‌)

Annaly

Capital

Management,

Inc.

..........................

(5,298)

(109,563‌)

Healthcare

Realty

Trust,

Inc.

..............................

(1,564)

(30,498‌)

Independence

Realty

Trust,

Inc.

............................

(1,765)

(31,929‌)

Kimco

Realty

Corp.

.....................................

(1,385)

(28,545‌)

Pebblebrook

Hotel

Trust

.................................

(1,831)

(26,128‌)

Rexford

Industrial

Realty,

Inc.

.............................

(473)

(28,598‌)

SL

Green

Realty

Corp.

..................................

(872)

(29,692‌)

Sun

Communities,

Inc.

..................................

(218)

(31,205‌)

Ventas,

Inc.

...........................................

(582)

(28,314‌)

(435,345‌)

Wood

Product

Manufacturing

—

(0.18)%

Weyerhaeuser

Co.

.....................................

(1,317)

(41,156‌)

Total

Real

Estate

Investment

Trusts

(Proceeds  $542,637)

...

(507,989‌)

Total

Securities

Sold

Short

(Proceeds

$12,706,435)

—

(46.99)%

$

(11,035,467‌)

Percentages

are

stated

as

a

percent

of

net

assets.

PLC

Public

Limited

Company

S&P

Standards

&

Poor's

(a)

Non-income

producing

security.

16

Notes

to

Schedule

of

Investments

February

28,

2023

(Unaudited)

Investment

Valuation 

Each

equity

security

owned

by the

Fund

that

is

listed

on

a

securities

exchange,

except

for

securities

listed

on

the

NASDAQ

Stock

Market

LLC

(“NASDAQ”),

is

valued

at

its

last

sale

price

at

the

close

of

that

exchange

on

the

date

as

of

which

assets

are

valued.

If

a

security

is

listed

on

more

than

one

exchange,

the

Fund

will

use

the

price

on

the

exchange

that

the

Fund

generally

considers

to

be

the

principal

exchange

on

which

the

security

is

traded.

Fund

securities,

including

common

stocks,

preferred

stocks

and

exchange

traded

funds,

listed

on

NASDAQ

will

be

valued

at

the

NASDAQ

Official

Closing

Price,

which

may

not

necessarily

represent

the

last

sale

price.

If,

on

a

particular

day,

an

exchange-listed

or

NASDAQ

security

does

not

trade,

then:

(i)

the

security

is

valued

at

the

mean

between

the

most

recent

quoted

bid

and

asked

prices

at

the

close

of

the

exchange

on

such

day;

or

(ii)

the

security

is

valued

at

the

latest

sales

price

on

the

Composite

Market

for

the

day

such

security

is

being

valued.

“Composite

Market”

means

a

consolidation

of

the

trade

information

provided

by

national

securities

and

foreign

exchanges

and

the

over-the-counter

markets

as

published

by

an

approved

independent

pricing

service

(“Pricing

Service”).

Foreign

securities

will

be

priced

in

their

local

currencies

as

of

the

close

of

their

primary

exchange

or

market

or

as

of

the

time

the

Fund

calculates

its

NAV,

whichever

is

earlier.

Foreign

securities,

currencies

and

other

assets

denominated

in

foreign

currencies

are

then

translated

into

U.S.

dollars

at

the

exchange

rate

of

such

currencies

against

the

U.S.

dollar

using

the

applicable

currency

exchange

rates

as

of

the

close

of

the

New

York

Stock

Exchange

(“NYSE”),

generally

4:00

p.m.

Eastern

Time.

Foreign

securities

are

traded

on

foreign

exchanges

which

typically

close

before

the

close

of

business

on

each

day

on

which

the

NYSE

is

open.

Each

security

trading

on

these

exchanges

may

be

valued

utilizing

a

systematic

fair

valuation

model

provided

by

a

pricing

service.

The

valuation

of

each

security

that

meets

certain

criteria

in

relation

to

the

valuation

model

is

systematically

adjusted

to

reflect

the

impact

of

movement

in

the

U.S.

market

after

the

foreign

markets

close

and

are

classified

as

Level

2

securities.

Securities

that

do

not

meet

the

criteria,

or

that

are

principally

traded

in

other

foreign

markets,

are

valued

as

of

the

last

reported

sale

price

at

the

time

the

Fund

determines

its

NAV,

or

when

reliable

market

prices

or

quotations

are

not

readily

available,

at

the

mean

between

the

most

recent

bid

and

asked

quotations

as

of

the

close

of

the

appropriate

exchange

or

other

designated

time.

Redeemable

securities

issued

by

open-end,

registered

investment

companies,

including

money

market

mutual

funds,

are

valued

at

the

NAVs

of

such

companies

for

purchase

and/

or

redemption

orders

placed

on

that

day.

If,

on

a

particular

day,

a

share

of

an

investment

company

is

not

listed

on

NASDAQ,

such

security’s

fair

value

will

be

determined.

When

market

quotations

are

not

readily

available,

any

security

or

other

financial

instrument

is

valued

at

its

fair

value

in

accordancewith

Rule

2a-5

of

the

1940

Act as

determined

under

procedures,

subject

to

oversight by

the

Trust’s

Board

of

Trustees.

These

fair

value

procedures

will

also

be

used

to

price

a

security

when

corporate

events,

events

in

the

securities

market

and/or

world

events

cause

the

Adviser

to

believe

that

a

security’s

last

sale

price

may

not

reflect

its

actual

fair

market

value.

The

intended

effect

of

using

fair

value

pricing

procedures

is

to

ensure

that

the

Fund

is accurately

priced.

The Adviser

will

regularly

evaluate

whether

the

Fund's

fair

value

pricing

procedures

continue

to

be

appropriate

in

light

of

the

specific

circumstances

of

the

Fund

and

the

quality

of

prices

obtained

through

the

application

of

such

procedures.

17

Notes

to

Schedule

of

Investments

(Continued)

February

28,

2023

(Unaudited)

The

Trust has

adopted

Statement

of

Financial

Accounting

Standards,

“Fair

Value

Measurements

and

Disclosures,”

which

requires the

Fund

to

classify

its

securities

based

on

a

valuation

method.

These

inputs

are

summarized

in

the

three

broad

levels

listed

below:

Level

1—Quoted

prices

in

active

markets

for

identical

securities.

Level

2—Other

significant

observable

inputs

(including

quoted

prices

for

similar

securities,

interest

rates,

prepayment

speeds,

credit

risk,

etc.).

Level

3—Significant

unobservable

inputs

(including

a

Fund's

own

assumptions

in

determining

the

fair

value

of

investments).

The

inputs

or

methodology

used

for

valuing

securities

are

not

necessarily

an

indication

of

the

risk

associated

with

investing

in

those

securities.

The

following

is

a

summary

of

the

inputs

used

to

value

the

Fund's

investments

carried

at

fair

value

as

of

February

28,

2023: 

Convergence

Long/Short

Equity

ETF

Level

1

Level

2

Level

3

Total

Assets

(1)

:

Equities:

Common

Stock

$

26,864,640‌

$

–‌

$

–‌

$

26,864,640‌

Real

Estate

Investment

Trusts

621,296‌

–‌

–‌

621,296‌

Total

Equity

Securities

27,485,936‌

–‌

–‌

27,485,936‌

Money

Market

Funds

21,162‌

–‌

–‌

21,162‌

Total

Investments

in

Securities

$

27,507,098‌

$

–‌

$

–‌

$

27,507,098‌

Liabilities

(1)

:

Equities:

Common

Stock

(10,527,478‌)

–‌

–‌

(10,527,478‌)

Real

Estate

Investment

Trusts

(507,989‌)

–‌

–‌

(507,989‌)

Total

Equity

Securities

(11,035,467‌)

–‌

–‌

(11,035,467‌)

Total

Investments

in

Securities

$

(11,035,467‌)

$

–‌

$

–‌

$

(11,035,467‌)

(1)

See

the

Schedule

of

Investments

for

industry

classifications.