1

Convergence

Long/Short

Equity

ETF

Schedule

of

Investments

August

31,

2023

(Unaudited)

Shares

Value

COMMON

STOCKS

—

115

.38

%

(a)

Accommodation

—

0

.51

%

Caesars

Entertainment,

Inc.

(b)

2,406

$

132,956‌

Administrative

and

Support

Services

—

3

.21

%

Booking

Holdings,

Inc.

(b)

40

124,201‌

Mastercard,

Inc.

(c)

614

253,361‌

MSCI,

Inc.

304

165,260‌

TriNet

Group,

Inc.

(b)

438

48,587‌

Visa,

Inc.

-

Class

A

1,012

248,628‌

840,037‌

Amusement,

Gambling,

and

Recreation

Industries

—

0

.50

%

Wynn

Resorts

Ltd.

(c)

1,279

129,665‌

Beverage

and

Tobacco

Product

Manufacturing

—

1

.92

%

Altria

Group,

Inc.

(c)

5,213

230,519‌

Molson

Coors

Beverage

Co.

2,554

162,153‌

National

Beverage

Corp.

(b)

2,161

110,881‌

503,553‌

Broadcasting

and

Content

Providers

—

1

.74

%

Comcast

Corp.

(c)

9,666

451,983‌

Building

Material

and

Garden

Equipment

and

Supplies

Dealers

—

1

.06

%

Home

Depot,

Inc.

836

276,131‌

Chemical

Manufacturing

—

7

.77

%

AbbVie,

Inc.

(c)

1,853

272,317‌

ACADIA

Pharmaceuticals,

Inc.

(b)(c)

1,652

44,637‌

Amgen,

Inc.

(c)

1,098

281,462‌

Bristol-Myers

Squibb

Co.

18

1,110‌

elf

Beauty,

Inc.

(b)

910

126,226‌

Gilead

Sciences,

Inc.

(c)

3,401

260,108‌

Jazz

Pharmaceuticals

PLC

(b)

1,316

188,662‌

Merck

&

Co.,

Inc.

(c)

2,634

287,053‌

NewMarket

Corp.

207

97,215‌

Procter

&

Gamble

Co.

(c)

1,280

197,555‌

Vertex

Pharmaceuticals,

Inc.

(b)

801

279,021‌

2,035,366‌

2

Convergence

Long/Short

Equity

ETF

Schedule

of

Investments

(Continued)

August

31,

2023

(Unaudited)

Shares

Value

COMMON

STOCKS

—

115.38%

(a)

(Continued)

Computer

and

Electronic

Product

Manufacturing

—

21

.84

%

Alphabet,

Inc.

-

Class

A

(b)(c)

5,716

$

778,349‌

Alphabet,

Inc.

(b)(c)

5,698

782,620‌

Apple,

Inc.

(c)

1,617

303,786‌

Arista

Networks,

Inc.

(b)

1,222

238,571‌

Broadcom,

Inc.

(c)

560

516,818‌

Cisco

Systems,

Inc.

(c)

8,997

515,978‌

Extreme

Networks,

Inc.

(b)(c)

7,636

209,608‌

IDEXX

Laboratories,

Inc.

(b)

358

183,085‌

Intel

Corp.

3,584

125,942‌

Jabil,

Inc.

(c)

3,735

427,359‌

Moog,

Inc.

1,139

132,306‌

NVIDIA

Corp.

1,616

797,578‌

Super

Micro

Computer,

Inc.

(b)

993

273,154‌

Teradata

Corp.

(b)

6,364

294,462‌

Vertiv

Holdings

Co.

3,426

134,950‌

5,714,566‌

Computing

Infrastructure

Providers,

Data

Processing,

Web

Hosting,

and

Related

Services

—

0

.36

%

Verisk

Analytics,

Inc.

393

95,192‌

Construction

of

Buildings

—

1

.55

%

KB

Home

1,485

75,438‌

M/I

Homes,

Inc.

(b)

875

85,908‌

Meritage

Homes

Corp.

547

76,055‌

PulteGroup,

Inc.

954

78,285‌

Taylor

Morrison

Home

Corp.

(b)(c)

1,875

88,875‌

404,561‌

Couriers

and

Messengers

—

0

.62

%

FedEx

Corp.

618

161,310‌

Credit

Intermediation

and

Related

Activities

—

3

.50

%

Bank

of

America

Corp.

6,578

188,591‌

Bank

of

New

York

Mellon

Corp.

420

18,845‌

Citigroup,

Inc.

(c)

3,186

131,550‌

JPMorgan

Chase

&

Co.

(c)

2,289

334,949‌

Wells

Fargo

&

Co.

(c)

5,878

242,703‌

916,638‌

Fabricated

Metal

Product

Manufacturing

—

0

.55

%

Atkore,

Inc.

(b)(c)

933

143,654‌

Food

Services

and

Drinking

Places

—

1

.41

%

Manhattan

Associates,

Inc.

(b)(c)

1,826

369,984‌

3

Convergence

Long/Short

Equity

ETF

Schedule

of

Investments

(Continued)

August

31,

2023

(Unaudited)

Shares

Value

COMMON

STOCKS

—

115.38%

(a)

(Continued)

Funds,

Trusts,

and

Other

Financial

Vehicles

—

0

.18

%

Incyte

Corp.

(b)

716

$

46,203‌

General

Merchandise

Retailers

—

2

.11

%

Walmart,

Inc.

(c)

3,418

555,801‌

Health

and

Personal

Care

Retailers

—

0

.15

%

CVS

Health

Corp.

590

38,450‌

Heavy

and

Civil

Engineering

Construction

—

0

.53

%

Sterling

Infrastructure,

Inc.

(b)

1,699

140,609‌

Hospitals

—

0

.64

%

HCA

Healthcare,

Inc.

602

166,935‌

Insurance

Carriers

and

Related

Activities

—

5

.39

%

Aon

PLC

231

77,013‌

Arch

Capital

Group

Ltd.

(b)(c)

2,001

153,797‌

Cigna

Group/The

(c)

768

212,168‌

Everest

Group

Ltd.

423

152,568‌

Fidelity

National

Financial,

Inc.

3,472

143,741‌

Frontdoor,

Inc.

(b)(c)

4,072

133,643‌

MGIC

Investment

Corp.

9,326

163,951‌

Radian

Group,

Inc.

(c)

9,132

247,294‌

Unum

Group

(c)

2,561

125,976‌

1,410,151‌

Machinery

Manufacturing

—

2

.61

%

Applied

Materials,

Inc.

242

36,968‌

Caterpillar,

Inc.

501

140,846‌

General

Electric

Co.

1,317

150,744‌

KLA

Corp.

369

185,190‌

Terex

Corp.

(c)

2,750

166,678‌

680,426‌

Management

of

Companies

and

Enterprises

—

1

.34

%

Carnival

Corp.

(b)

7,151

113,129‌

StoneCo

Ltd.

(b)

19,575

239,989‌

353,118‌

Merchant

Wholesalers,

Durable

Goods

—

3

.45

%

Allison

Transmission

Holdings,

Inc.

2,522

152,455‌

Arrow

Electronics,

Inc.

(b)(c)

3,542

472,609‌

Core

&

Main,

Inc.

(b)

4,056

133,199‌

GMS,

Inc.

(b)

2,099

145,545‌

903,808‌

4

Convergence

Long/Short

Equity

ETF

Schedule

of

Investments

(Continued)

August

31,

2023

(Unaudited)

Shares

Value

COMMON

STOCKS

—

115.38%

(a)

(Continued)

Merchant

Wholesalers,

Nondurable

Goods

—

2

.67

%

Cardinal

Health,

Inc.

(c)

2,984

$

260,593‌

Cencora,

Inc.

(c)

1,246

219,271‌

McKesson

Corp.

(c)

535

220,591‌

700,455‌

Mining

(except

Oil

and

Gas)

—

1

.56

%

Alpha

Metallurgical

Resources,

Inc.

520

105,477‌

Martin

Marietta

Materials,

Inc.

225

100,442‌

Southern

Copper

Corp.

(c)

1,248

100,664‌

Summit

Materials,

Inc.

(b)

2,733

102,242‌

408,825‌

Miscellaneous

Manufacturing

—

2

.23

%

Align

Technology,

Inc.

(b)

316

116,964‌

Haemonetics

Corp.

(b)

2,298

206,200‌

Johnson

&

Johnson

(c)

1,601

258,850‌

582,014‌

Motor

Vehicle

and

Parts

Dealers

—

2

.29

%

Group

1

Automotive,

Inc.

(c)

1,121

296,415‌

Murphy

USA,

Inc.

(c)

955

303,346‌

599,761‌

Nonmetallic

Mineral

Product

Manufacturing

—

0

.99

%

Eagle

Materials,

Inc.

827

156,568‌

O-I

Glass,

Inc.

(b)(c)

5,154

102,358‌

258,926‌

Nonstore

Retailers

—

3

.02

%

Amazon.com,

Inc.

(b)

5,719

789,279‌

Oil

and

Gas

Extraction

—

2

.24

%

ONE

Gas,

Inc.

(c)

1,726

125,083‌

Phillips

66

1,473

168,158‌

Weatherford

International

PLC

(b)

3,331

294,860‌

588,101‌

Paper

Manufacturing

—

0

.78

%

Boise

Cascade

Co.

(c)

1,871

204,631‌

Petroleum

and

Coal

Products

Manufacturing

—

2

.56

%

Marathon

Petroleum

Corp.

(c)

1,748

249,562‌

PBF

Energy,

Inc.

(c)

4,030

188,967‌

Valero

Energy

Corp.

(c)

1,789

232,391‌

670,920‌

5

Convergence

Long/Short

Equity

ETF

Schedule

of

Investments

(Continued)

August

31,

2023

(Unaudited)

Shares

Value

COMMON

STOCKS

—

115.38%

(a)

(Continued)

Primary

Metal

Manufacturing

—

1

.43

%

Constellium

SE

(b)

6,964

$

125,352‌

Encore

Wire

Corp.

(c)

824

135,803‌

Worthington

Industries,

Inc.

1,517

114,185‌

375,340‌

Professional,

Scientific,

and

Technical

Services

—

6

.10

%

Booz

Allen

Hamilton

Holding

Corp.

1,100

124,641‌

Exact

Sciences

Corp.

(b)

3,069

256,783‌

Exelixis,

Inc.

(b)

2,493

55,818‌

Medpace

Holdings,

Inc.

(b)(c)

693

187,297‌

Nutanix,

Inc.

(b)

9,814

305,215‌

Palantir

Technologies,

Inc.

(b)

17,995

269,565‌

Science

Applications

International

Corp.

1,292

152,017‌

ServiceNow,

Inc.

(b)

416

244,953‌

1,596,289‌

Publishing

Industries

—

10

.22

%

Adobe,

Inc.

(b)(c)

964

539,204‌

Block,

Inc.

(b)(c)

3,465

199,757‌

Cadence

Design

Systems,

Inc.

(b)

911

219,041‌

Dropbox,

Inc.

(b)

11,019

306,218‌

Microsoft

Corp.

(c)

2,307

756,142‌

Salesforce,

Inc.

(b)

1,132

250,693‌

Splunk,

Inc.

(b)(c)

3,333

404,160‌

2,675,215‌

Real

Estate

—

0

.35

%

Zillow

Group,

Inc.

-

Class

C

(b)(c)

1,709

89,141‌

Religious,

Grantmaking,

Civic,

Professional,

and

Similar

Organizations

—

0

.69

%

HealthEquity,

Inc.

(b)

2,658

179,548‌

Rental

and

Leasing

Services

—

0

.59

%

Netflix,

Inc.

(b)(c)

355

153,956‌

Securities,

Commodity

Contracts,

and

Other

Financial

Investments

and

Related

Activities

—

2

.15

%

Ameriprise

Financial,

Inc.

680

229,554‌

DraftKings,

Inc.

(b)

4,393

130,252‌

SEI

Investments

Co.

3,229

200,392‌

560,198‌

Specialty

Trade

Contractors

—

0

.53

%

EMCOR

Group,

Inc.

(c)

625

140,156‌

6

Convergence

Long/Short

Equity

ETF

Schedule

of

Investments

(Continued)

August

31,

2023

(Unaudited)

Shares

Value

COMMON

STOCKS

—

115.38%

(a)

(Continued)

Support

Activities

for

Mining

—

0

.62

%

California

Resources

Corp.

2,872

$

160,372‌

Support

Activities

for

Transportation

—

0

.62

%

XPO,

Inc.

(b)

2,193

163,664‌

Telecommunications

—

0

.12

%

Cogent

Communications

Holdings,

Inc.

450

31,761‌

Transit

and

Ground

Passenger

Transportation

—

0

.39

%

Uber

Technologies,

Inc.

(b)

2,165

102,253‌

Transportation

Equipment

Manufacturing

—

2

.54

%

Ford

Motor

Co.

20,273

245,911‌

Tesla,

Inc.

(b)

1,622

418,606‌

664,517‌

Utilities

—

2

.92

%

Axcelis

Technologies,

Inc.

(b)(c)

2,677

514,386‌

National

Fuel

Gas

Co.

2,680

144,023‌

Vistra

Corp.

3,391

106,545‌

764,954‌

Warehousing

and

Storage

—

0

.60

%

Landstar

System,

Inc.

(c)

833

158,112‌

Waste

Management

and

Remediation

Services

—

0

.24

%

Clean

Harbors,

Inc.

(b)(c)

374

63,333‌

Web

Search

Portals,

Libraries,

Archives,

and

Other

Information

Services

—

2

.45

%

Meta

Platforms,

Inc.

-

Class

A

(b)

2,165

640,602‌

Wood

Product

Manufacturing

—

1

.54

%

Builders

FirstSource,

Inc.

(b)

1,782

258,461‌

Owens

Corning

1,014

145,925‌

404,386‌

TOTAL

COMMON

STOCKS

(Cost

$26,891,265)

30,197,806‌

REAL

ESTATE

INVESTMENT

TRUSTS

—

1

.97

%

(a)

7

Convergence

Long/Short

Equity

ETF

Schedule

of

Investments

(Continued)

August

31,

2023

(Unaudited)

Shares

Value

REAL

ESTATE

INVESTMENT

TRUSTS

—

1.97%

(a)

(Continued)

Real

Estate

—

1

.41

%

Digital

Realty

Trust,

Inc.

810

$

106,693‌

Invitation

Homes,

Inc.

1,268

43,226‌

STAG

Industrial,

Inc.

2,752

100,531‌

Tanger

Factory

Outlet

Centers,

Inc.

5,105

118,691‌

369,141‌

Securities,

Commodity

Contracts,

and

Other

Financial

Investments

and

Related

Activities

—

0

.56

%

Innovative

Industrial

Properties,

Inc.

1,666

145,408‌

TOTAL

REAL

ESTATE

INVESTMENT

TRUSTS

(Cost

$463,926)

514,549‌

MONEY

MARKET

FUNDS

—

0

.03

%

First

American

Government

Obligations

Fund

-

X

Class,

5.248%

(d)

7,558

7,558‌

TOTAL

MONEY

MARKET

FUNDS

(Cost

$7,558)

7,558‌

Total

Investments

(Cost

$27,362,749)

—

117.38%

30,719,913‌

Liabilities

in

Excess

of

Other

Assets

—

(17.38)%

(

4,557,026‌

)

TOTAL

NET

ASSETS

—

100.00%

$

26,162,887‌

Percentages

are

stated

as

a

percent

of

net

assets.

PLC

Public

Limited

Company

SE

Societas

Europaea

is

a

term

for

a

European

Public

Liability

Company.

(a)

Unless

otherwise

noted,

all

or

a

portion

of

these

securities,

totaling

$28,069,446

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

August

31,

2023.

8

Convergence

Long/Short

Equity

ETF

Schedule

of

Securities

Sold

Short

August

31,

2023

(Unaudited)

Shares

Value

Common

Stocks

—

(

45

.85

)

%

Administrative

and

Support

Services

—

(

2

.52

)

%

AdaptHealth

Corp.

(a)

(2,833)

$

(

33,798‌

)

DigitalBridge

Group,

Inc.

(551)

(

9,598‌

)

Dun

&

Bradstreet

Holdings,

Inc.

(2,646)

(

28,841‌

)

Evolent

Health,

Inc.

(a)

(1,227)

(

31,301‌

)

Expedia

Group,

Inc.

(a)

(465)

(

50,401‌

)

Live

Nation

Entertainment,

Inc.

(a)

(874)

(

73,879‌

)

nCino,

Inc.

(a)

(3,026)

(

99,465‌

)

R1

RCM,

Inc.

(a)

(5,075)

(

87,493‌

)

RB

Global,

Inc.

(565)

(

34,872‌

)

ROBLOX

Corp.

(a)

(1,993)

(

56,382‌

)

SentinelOne,

Inc.

(a)

(6,020)

(

100,113‌

)

TripAdvisor,

Inc.

(a)

(3,563)

(

53,837‌

)

(

659,980‌

)

Air

Transportation

—

(

0

.57

)

%

Alaska

Air

Group,

Inc.

(a)

(851)

(

35,716‌

)

Frontier

Group

Holdings,

Inc.

(a)

(3,159)

(

19,839‌

)

Southwest

Airlines

Co.

(2,922)

(

92,335‌

)

(

147,890‌

)

Ambulatory

Health

Care

Services

—

(

0

.24

)

%

LifeStance

Health

Group,

Inc.

(a)

(4,217)

(

34,622‌

)

Novocure

Ltd.

(a)

(1,331)

(

29,362‌

)

(

63,984‌

)

Amusement,

Gambling,

and

Recreation

Industries

—

(

0

.12

)

%

Light

&

Wonder,

Inc.

-

Class

A

(a)

(408)

(

31,281‌

)

Apparel

Manufacturing

—

(

0

.05

)

%

VF

Corp.

(700)

(

13,832‌

)

Broadcasting

and

Content

Providers

—

(

1

.80

)

%

Liberty

Broadband

Corp.

(a)

(1,021)

(

95,525‌

)

Madison

Square

Garden

Sports

Corp.

(378)

(

67,284‌

)

Paramount

Global

(4,084)

(

61,628‌

)

Warner

Bros

Discovery,

Inc.

(a)

(18,564)

(

243,931‌

)

(

468,368‌

)

9

Convergence

Long/Short

Equity

ETF

Schedule

of

Securities

Sold

Short

(Continued)

August

31,

2023

(Unaudited)

Shares

Value

Common

Stocks

—

(45.85)%

Chemical

Manufacturing

—

(

4

.05

)

%

Beam

Therapeutics,

Inc.

(a)

(2,002)

$

(

46,406‌

)

Blueprint

Medicines

Corp.

(a)

(929)

(

46,320‌

)

Catalent,

Inc.

(a)

(1,333)

(

66,610‌

)

Celanese

Corp.

-

Class

A

(317)

(

40,056‌

)

Estee

Lauder

Cos.,

Inc.

(473)

(

75,931‌

)

FMC

Corp.

(345)

(

29,749‌

)

Intellia

Therapeutics,

Inc.

(a)

(1,749)

(

65,553‌

)

Karuna

Therapeutics,

Inc.

(a)

(516)

(

96,884‌

)

Mirati

Therapeutics,

Inc.

(a)

(823)

(

30,616‌

)

Moderna,

Inc.

(a)

(1,236)

(

139,754‌

)

Morphic

Holding,

Inc.

(a)

(949)

(

52,271‌

)

Mosaic

Co.

(803)

(

31,197‌

)

Olaplex

Holdings,

Inc.

(a)

(13,161)

(

35,666‌

)

Pfizer,

Inc.

(3,391)

(

119,974‌

)

QuidelOrtho

Corp.

(a)

(1,759)

(

144,871‌

)

Westlake

Corp.

(304)

(

39,818‌

)

(

1,061,676‌

)

Clothing,

Clothing

Accessories,

Shoe

and

Jewelry

Retailers

—

(

0

.29

)

%

Boot

Barn

Holdings,

Inc.

(a)

(823)

(

75,510‌

)

Computer

and

Electronic

Product

Manufacturing

—

(

6

.04

)

%

Bloom

Energy

Corp.

(a)

(2,317)

(

34,732‌

)

Ciena

Corp.

(a)

(3,453)

(

172,581‌

)

Credo

Technology

Group

Holding

Ltd.

(a)

(5,260)

(

86,580‌

)

GLOBALFOUNDRIES,

Inc.

(a)

(2,931)

(

161,937‌

)

Impinj,

Inc.

(a)

(1,394)

(

92,799‌

)

Lumentum

Holdings,

Inc.

(a)

(1,899)

(

102,793‌

)

Masimo

Corp.

(a)

(611)

(

69,825‌

)

Mercury

Systems,

Inc.

(a)

(886)

(

34,775‌

)

Micron

Technology,

Inc.

(1,869)

(

130,718‌

)

SunPower

Corp.

(a)

(2,694)

(

19,289‌

)

Texas

Instruments,

Inc.

(1,009)

(

169,573‌

)

Viasat,

Inc.

(a)

(3,826)

(

106,133‌

)

Waters

Corp.

(a)

(229)

(

64,303‌

)

Western

Digital

Corp.

(a)

(5,164)

(

232,380‌

)

Wolfspeed,

Inc.

(a)

(2,126)

(

101,665‌

)

(

1,580,083‌

)

10

Convergence

Long/Short

Equity

ETF

Schedule

of

Securities

Sold

Short

(Continued)

August

31,

2023

(Unaudited)

Shares

Value

Common

Stocks

—

(45.85)%

Credit

Intermediation

and

Related

Activities

—

(

3

.52

)

%

Ally

Financial,

Inc.

(3,618)

$

(

100,182‌

)

Bank

of

Hawaii

Corp.

(693)

(

37,242‌

)

Cadence

Bank

(2,552)

(

58,390‌

)

Columbia

Banking

System,

Inc.

(2,264)

(

46,367‌

)

Eastern

Bankshares,

Inc.

(3,347)

(

45,051‌

)

First

Horizon

Corp.

(4,391)

(

55,107‌

)

Mr

Cooper

Group,

Inc.

(a)

(1,807)

(

102,385‌

)

Northern

Trust

Corp.

(1,452)

(

110,454‌

)

Seacoast

Banking

Corp.

of

Florida

(1,668)

(

39,381‌

)

State

Street

Corp.

(1,811)

(

124,488‌

)

TFS

Financial

Corp.

(5,680)

(

77,305‌

)

Western

Alliance

Bancorp

(1,069)

(

53,461‌

)

Western

Union

Co.

(5,868)

(

72,470‌

)

(

922,283‌

)

Electrical

Equipment,

Appliance,

and

Component

Manufacturing

—

(

0

.62

)

%

Generac

Holdings,

Inc.

(a)

(502)

(

59,643‌

)

Plug

Power,

Inc.

(a)

(4,144)

(

35,058‌

)

Regal

Rexnord

Corp.

(416)

(

67,471‌

)

(

162,172‌

)

Fabricated

Metal

Product

Manufacturing

—

(

0

.76

)

%

Axon

Enterprise,

Inc.

(a)

(353)

(

75,157‌

)

Chart

Industries,

Inc.

(a)

(232)

(

41,895‌

)

RBC

Bearings,

Inc.

(a)

(179)

(

41,267‌

)

Zurn

Elkay

Water

Solutions

Corp.

(1,360)

(

40,283‌

)

(

198,602‌

)

Food

Manufacturing

—

(

1

.48

)

%

Conagra

Brands,

Inc.

(2,006)

(

59,939‌

)

Darling

Ingredients,

Inc.

(a)

(1,278)

(

78,929‌

)

Freshpet,

Inc.

(a)

(1,026)

(

77,473‌

)

Hormel

Foods

Corp.

(1,322)

(

51,016‌

)

Post

Holdings,

Inc.

(a)

(636)

(

57,056‌

)

TreeHouse

Foods,

Inc.

(a)

(1,331)

(

61,918‌

)

(

386,331‌

)

Furniture,

Home

Furnishings,

Electronics,

and

Appliance

Retailers

—

(

0

.81

)

%

Floor

&

Decor

Holdings,

Inc.

-

Class

A

(a)

(1,032)

(

102,890‌

)

RH

(a)

(296)

(

108,096‌

)

(

210,986‌

)

11

Convergence

Long/Short

Equity

ETF

Schedule

of

Securities

Sold

Short

(Continued)

August

31,

2023

(Unaudited)

Shares

Value

Common

Stocks

—

(45.85)%

General

Merchandise

Retailers

—

(

1

.11

)

%

Dollar

General

Corp.

(511)

$

(

70,774‌

)

Dollar

Tree,

Inc.

(a)

(587)

(

71,825‌

)

Macy's,

Inc.

(6,026)

(

73,698‌

)

Target

Corp.

(607)

(

76,816‌

)

(

293,113‌

)

Heavy

and

Civil

Engineering

Construction

—

(

0

.32

)

%

MasTec,

Inc.

(a)

(851)

(

84,666‌

)

Insurance

Carriers

and

Related

Activities

—

(

0

.90

)

%

Allstate

Corp.

(502)

(

54,121‌

)

American

Financial

Group,

Inc./OH

(386)

(

44,745‌

)

Brighthouse

Financial,

Inc.

(a)

(789)

(

39,182‌

)

Hanover

Insurance

Group,

Inc.

(399)

(

42,581‌

)

Lincoln

National

Corp.

(2,093)

(

53,706‌

)

(

234,335‌

)

Machinery

Manufacturing

—

(

0

.63

)

%

Azenta,

Inc.

(a)

(1,369)

(

77,253‌

)

Brunswick

Corp./DE

(250)

(

19,780‌

)

Leslie's,

Inc.

(a)

(10,254)

(

64,190‌

)

(

161,223‌

)

Management

of

Companies

and

Enterprises

—

(

0

.92

)

%

Cullen/Frost

Bankers,

Inc.

(485)

(

45,847‌

)

Enstar

Group

Ltd.

(a)

(170)

(

43,059‌

)

First

Interstate

BancSystem,

Inc.

(1,577)

(

40,860‌

)

Noble

Corp.

PLC

(800)

(

42,192‌

)

Rivian

Automotive,

Inc.

-

Class

A

(a)

(3,077)

(

69,940‌

)

(

241,898‌

)

Merchant

Wholesalers,

Durable

Goods

—

(

0

.36

)

%

TD

SYNNEX

Corp.

(931)

(

94,729‌

)

Merchant

Wholesalers,

Nondurable

Goods

—

(

0

.34

)

%

Arrowhead

Pharmaceuticals,

Inc.

(a)

(2,208)

(

61,029‌

)

Relay

Therapeutics,

Inc.

(a)

(2,881)

(

29,444‌

)

(

90,473‌

)

Mining

(except

Oil

and

Gas)

—

(

0

.63

)

%

Arch

Resources,

Inc.

(512)

(

66,867‌

)

CNX

Resources

Corp.

(a)

(1,893)

(

42,308‌

)

Hecla

Mining

Co.

(6,086)

(

26,718‌

)

Royal

Gold,

Inc.

(259)

(

29,031‌

)

(

164,924‌

)

12

Convergence

Long/Short

Equity

ETF

Schedule

of

Securities

Sold

Short

(Continued)

August

31,

2023

(Unaudited)

Shares

Value

Common

Stocks

—

(45.85)%

Miscellaneous

Manufacturing

—

(

1

.17

)

%

Hasbro,

Inc.

(123)

$

(

8,856‌

)

ICU

Medical,

Inc.

(a)

(554)

(

80,347‌

)

Peloton

Interactive,

Inc.

(a)

(2,415)

(

15,408‌

)

Shockwave

Medical,

Inc.

(a)

(434)

(

95,649‌

)

STAAR

Surgical

Co.

(a)

(1,381)

(

59,880‌

)

Tandem

Diabetes

Care,

Inc.

(a)

(874)

(

23,913‌

)

Topgolf

Callaway

Brands

Corp.

(a)

(1,222)

(

21,312‌

)

(

305,365‌

)

Motion

Picture

and

Sound

Recording

Industries

—

(

0

.20

)

%

Take-Two

Interactive

Software,

Inc.

(a)

(361)

(

51,334‌

)

Motor

Vehicle

and

Parts

Dealers

—

(

0

.56

)

%

Asbury

Automotive

Group,

Inc.

(a)

(334)

(

76,820‌

)

AutoZone,

Inc.

(a)

(28)

(

70,877‌

)

(

147,697‌

)

Motor

Vehicle

And

Parts

Dealers

—

(

0

.50

)

%

Advance

Auto

Parts,

Inc.

(1,894)

(

130,345‌

)

Nonmetallic

Mineral

Product

Manufacturing

—

(

0

.58

)

%

Corning,

Inc.

(4,602)

(

151,038‌

)

Oil

and

Gas

Extraction

—

(

1

.52

)

%

Antero

Resources

Corp.

(a)

(1,994)

(

55,174‌

)

Dominion

Energy,

Inc.

(2,037)

(

98,876‌

)

Earthstone

Energy,

Inc.

(a)

(2,628)

(

53,559‌

)

EQT

Corp.

(1,574)

(

68,028‌

)

Northern

Oil

and

Gas,

Inc.

(1,648)

(

68,936‌

)

Sitio

Royalties

Corp.

(2,164)

(

54,966‌

)

(

399,539‌

)

Performing

Arts,

Spectator

Sports,

and

Related

Industries

—

(

0

.20

)

%

Churchill

Downs,

Inc.

(427)

(

53,495‌

)

Personal

and

Laundry

Services

—

(

0

.62

)

%

IAC,

Inc.

(a)

(2,043)

(

113,039‌

)

UniFirst

Corp./MA

(283)

(

49,845‌

)

(

162,884‌

)

Plastics

and

Rubber

Products

Manufacturing

—

(

0

.81

)

%

Entegris,

Inc.

(1,177)

(

119,195‌

)

Goodyear

Tire

&

Rubber

Co.

(a)

(4,321)

(

55,784‌

)

Newell

Brands,

Inc.

(3,523)

(

37,273‌

)

(

212,252‌

)

13

Convergence

Long/Short

Equity

ETF

Schedule

of

Securities

Sold

Short

(Continued)

August

31,

2023

(Unaudited)

Shares

Value

Common

Stocks

—

(45.85)%

Primary

Metal

Manufacturing

—

(

0

.11

)

%

Alcoa

Corp.

(971)

$

(

29,208‌

)

Professional,

Scientific,

and

Technical

Services

—

(

2

.84

)

%

Alteryx,

Inc.

(a)

(2,414)

(

71,261‌

)

Aspen

Technology,

Inc.

(a)

(1,432)

(

277,808‌

)

Bumble,

Inc.

(a)

(3,447)

(

57,841‌

)

Cytokinetics,

Inc.

(a)

(1,933)

(

67,539‌

)

Digital

Turbine,

Inc.

(a)

(1,884)

(

16,786‌

)

DigitalOcean

Holdings,

Inc.

(a)

(1,991)

(

53,856‌

)

Gen

Digital,

Inc.

(4,773)

(

96,653‌

)

Riot

Platforms,

Inc.

(a)

(5,138)

(

58,316‌

)

Vir

Biotechnology,

Inc.

(a)

(3,329)

(

42,145‌

)

(

742,205‌

)

Publishing

Industries

—

(

1

.36

)

%

BILL

Holdings,

Inc.

(a)

(729)

(

84,054‌

)

Braze,

Inc.

(a)

(2,106)

(

97,424‌

)

Gitlab,

Inc.

(a)

(2,006)

(

95,024‌

)

Paycor

HCM,

Inc.

(a)

(1,097)

(

25,747‌

)

ZoomInfo

Technologies,

Inc.

(a)

(3,063)

(

55,195‌

)

(

357,444‌

)

Real

Estate

—

(

0

.25

)

%

Jones

Lang

LaSalle,

Inc.

(a)

(63)

(

10,886‌

)

Marriott

Vacations

Worldwide

Corp.

(231)

(

25,107‌

)

MP

Materials

Corp.

(a)

(1,338)

(

28,018‌

)

(

64,011‌

)

Rental

and

Leasing

Services

—

(

0

.44

)

%

Air

Lease

Corp.

(1,740)

(

70,922‌

)

Hertz

Global

Holdings,

Inc.

(a)

(2,616)

(

44,341‌

)

(

115,263‌

)

Repair

and

Maintenance

—

(

0

.19

)

%

Driven

Brands

Holdings,

Inc.

(a)

(1,047)

(

15,757‌

)

Mister

Car

Wash,

Inc.

(a)

(4,686)

(

33,927‌

)

(

49,684‌

)

14

Convergence

Long/Short

Equity

ETF

Schedule

of

Securities

Sold

Short

(Continued)

August

31,

2023

(Unaudited)

Shares

Value

Common

Stocks

—

(45.85)%

Securities,

Commodity

Contracts,

and

Other

Financial

Investments

and

Related

Activities

—

(

2

.04

)

%

Affiliated

Managers

Group,

Inc.

(538)

$

(

72,097‌

)

Beauty

Health

Co.

(a)

(4,618)

(

28,447‌

)

Clarivate

PLC

(a)

(3,895)

(

28,940‌

)

CME

Group,

Inc.

(395)

(

80,059‌

)

E2open

Parent

Holdings,

Inc.

-

Class

A

(a)

(10,649)

(

51,435‌

)

Enovix

Corp.

(a)

(2,582)

(

35,580‌

)

Lucid

Group,

Inc.

(a)

(5,490)

(

34,477‌

)

Morningstar,

Inc.

(372)

(

86,553‌

)

Raymond

James

Financial,

Inc.

(758)

(

79,279‌

)

Rocket

Lab

USA,

Inc.

(a)

(5,597)

(

35,317‌

)

(

532,184‌

)

Specialty

Trade

Contractors

—

(

0

.15

)

%

Sunrun,

Inc.

(a)

(2,556)

(

39,950‌

)

Sporting

Goods,

Hobby,

and

Musical

Instrument,

Book,

and

Miscellaneous

Retailers

—

(

0

.15

)

%

DoorDash,

Inc.

(a)

(470)

(

39,541‌

)

Support

Activities

for

Mining

—

(

0

.48

)

%

Civitas

Resources,

Inc.

(942)

(

77,451‌

)

ProFrac

Holding

Corp.

(a)

(4,252)

(

46,772‌

)

(

124,223‌

)

Support

Activities

for

Transportation

—

(

0

.13

)

%

GATX

Corp.

(297)

(

35,088‌

)

Telecommunications

—

(

1

.17

)

%

Frontier

Communications

Parent,

Inc.

(a)

(3,139)

(

50,287‌

)

Gogo,

Inc.

(a)

(2,154)

(

24,448‌

)

Twilio,

Inc.

(a)

(1,416)

(

90,213‌

)

Zoom

Video

Communications,

Inc.

(a)

(1,986)

(

141,066‌

)

(

306,014‌

)

Transit

and

Ground

Passenger

Transportation

—

(

0

.10

)

%

Lyft,

Inc.

(a)

(2,323)

(

27,365‌

)

Transportation

Equipment

Manufacturing

—

(

0

.44

)

%

Spirit

AeroSystems

Holdings,

Inc.

-

Class

A

(1,710)

(

36,457‌

)

Trinity

Industries,

Inc.

(1,472)

(

36,903‌

)

Winnebago

Industries,

Inc.

(654)

(

42,412‌

)

(

115,772‌

)

15

Convergence

Long/Short

Equity

ETF

Schedule

of

Securities

Sold

Short

(Continued)

August

31,

2023

(Unaudited)

Shares

Value

Common

Stocks

—

(45.85)%

Utilities

—

(

1

.48

)

%

Coherent

Corp.

(a)

(3,557)

$

(

133,850‌

)

Constellation

Energy

Corp.

(645)

(

67,183‌

)

Evergy,

Inc.

(1,211)

(

66,569‌

)

New

Fortress

Energy,

Inc.

(1,977)

(

61,366‌

)

NRG

Energy,

Inc.

(879)

(

33,006‌

)

Sunnova

Energy

International,

Inc.

(a)

(1,937)

(

26,944‌

)

(

388,918‌

)

Waste

Management

and

Remediation

Services

—

(

0

.09

)

%

Casella

Waste

Systems,

Inc.

(a)

(306)

(

24,104‌

)

Wood

Product

Manufacturing

—

(

0

.19

)

%

Enviva,

Inc.

(1,032)

(

9,494‌

)

Louisiana-Pacific

Corp.

(425)

(

26,554‌

)

Skyline

Champion

Corp.

(a)

(201)

(

14,325‌

)

(

50,373‌

)

Total

Common

Stocks

(Proceeds  $13,804,274)

(

12,003,635‌

)

Real

Estate

Investment

Trusts

—

(

1

.61

)

%

Real

Estate

—

(

1

.61

)

%

AGNC

Investment

Corp.

(7,588)

(

75,197‌

)

Alexandria

Real

Estate

Equities,

Inc.

(417)

(

48,514‌

)

Boston

Properties,

Inc.

(449)

(

29,980‌

)

Healthcare

Realty

Trust,

Inc.

(1,536)

(

26,911‌

)

PotlatchDeltic

Corp.

(586)

(

27,694‌

)

Rayonier,

Inc.

(914)

(

27,329‌

)

Realty

Income

Corp.

(1,132)

(

63,437‌

)

SL

Green

Realty

Corp.

(838)

(

32,900‌

)

Sun

Communities,

Inc.

(222)

(

27,177‌

)

Vornado

Realty

Trust

(1,409)

(

33,844‌

)

WP

Carey,

Inc.

(429)

(

27,906‌

)

(

420,889‌

)

Total

Real

Estate

Investment

Trusts

(Proceeds  $425,498)

(

420,889‌

)

Exchange

Traded

Funds

—

(

0

.14

)

%

Invesco

QQQ

Trust

Series

1

(100)

(

37,799‌

)

Total

Exchange

Traded

Funds

(Proceeds

$38,347)

(

37,799‌

)

Total

Securities

Sold

Short

(Proceeds

$14,268,119)

—

(47.60)%

$

(

12,462,323‌

)

Percentages

are

stated

as

a

percent

of

net

assets.

PLC

Public

Limited

Company

SE

Societas

Europaea

is

a

term

for

a

European

Public

Liability

Company.

(a)

Non-income

producing

security.

16

Convergence

Long/Short

Equity

ETF

Schedule

of

Securities

Sold

Short

(Continued)

August

31,

2023

(Unaudited)

17

Notes

to

Schedule

of

Investments

August

31,

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

listed

on

NASDAQ

will

be

valued

at

the

NASDAQ

Official

Closing

Price

(“NOCP”),

which

may

not

necessarily

represent

the

last

sale

price.

If

the

NOCP

is

not

available,

such

securities

shall

be

valued

at

the

last

sale

price

on

the

day

of

valuation.

If

there

has

been

no

sale

on

such

exchange

or

on

NASDAQ

on

such

day,

the

security

is

valued

at

(i)

the

mean

between

the

most

recent

quoted

bid

and

asked

prices

at

the

close

of

the

exchange

on

such

day

or

(ii)

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

over-the

counter

markets

as

published

by

a

pricing

service.

If

market

quotations

are

not

readily

available,

any

security

or

other

asset

will

be

valued

at

its

fair

value

in

accordance

with

Rule

2a-5

of

the

1940

Act

as

determined

under

the

Adviser's

fair

value

procedures,

subject

to

oversight

by

the

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

their

application

of

such

procedures. 

In

the

case

of

foreign

securities,

the

occurrence

of

certain

events

after

the

close

of

foreign

markets,

but

prior

to

the

time

the

Fund’s

net

asset

value

(“NAV”)

is

calculated

(such

as

a

significant

surge

or

decline

in

the

U.S.

or

other

markets)

often

will

result

in

an

adjustment

to

the

trading

prices

of

foreign

securities

when

foreign

markets

open

on

the

following

business

day.

If

such

events

occur,

the

Fund

will

value

foreign

securities

at

fair

value,

taking

into

account

such

events,

in

calculating

the

NAV.

In

such

cases,

use

of

fair

valuation

can

reduce

an

investor’s

ability

to

seek

to

profit

by

estimating

the

Fund's

NAV

in

advance

of

the

time

the

NAV

is

calculated. 

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.

Money

market

mutual

funds

are

valued

at

cost.

If

cost

does

not

represent

current

market

value

the

securities

will

be

priced

at

fair

value. 

18

Notes

to

Schedule

of

Investments

(Continued)

August

31,

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

August

31,

2023: 

Convergence

Long/Short

Equity

ETF

Level

1

Level

2

Level

3

Total

Assets

(1)

:

Equities:

Common

Stocks

$

30,197,806‌

$

–‌

$

–‌

$

30,197,806‌

Real

Estate

Investment

Trusts

514,549‌

–‌

–‌

514,549‌

Total

Equity

Securities

30,712,355‌

–‌

–‌

30,712,355‌

Money

Market

Funds

7,558‌

–‌

–‌

7,558‌

Total

Investments

in

Securities

$

30,719,913‌

$

–‌

$

–‌

$

30,719,913‌

Liabilities

(1)

:

Equities:

Common

Stocks

(12,003,635‌)

–‌

–‌

(12,003,635‌)

Real

Estate

Investment

Trusts

(420,889‌)

–‌

–‌

(420,889‌)

Total

Equity

Securities

(12,424,524‌)

–‌

–‌

(12,424,524‌)

Investment

Company:

Exchange

Traded

Funds

(37,799‌)

–‌

–‌

(37,799‌)

Total

Investment

Company

(37,799‌)

–‌

–‌

(37,799‌)

Total

Investments

in

Securities

$

(12,462,323‌)

$

–‌

$

–‌

$

(12,462,323‌)

(1)

See

the

Schedule

of

Investments

for

industry

classifications.