OneAscent

Large

Cap

Core

ETF

Schedule

of

Investments

May

31,

2023

-

(Unaudited)

COMMON

STOCKS

—

94.43%

Shares

Fair

Value

Consumer

Discretionary

—

10.09%

Booking

Holdings,

Inc.

(a)

356‌

$

893,122‌

General

Motors

Co.

16,775‌

543,678‌

Lennar

Corp.,

Class

B

5,225‌

494,024‌

NVR,

Inc.

(a)

103‌

572,085‌

Ralph

Lauren

Corp.

4,259‌

452,774‌

Ulta

Beauty,

Inc.

(a)

970‌

397,535‌

3,353,218‌

Consumer

Staples

—

5.64%

Bunge

Ltd.

11,440‌

1,059,802‌

Seaboard

Corp.

214‌

813,078‌

1,872,880‌

Energy

—

4.89%

Chevron

Corp.

7,456‌

1,123,023‌

Phillips

66

3,827‌

350,592‌

Valero

Energy

Corp.

1,412‌

151,140‌

1,624,755‌

Financials

—

12.35%

Ameriprise

Financial,

Inc.

4,472‌

1,334,758‌

Arch

Capital

Group

Ltd.

(a)

2,940‌

204,918‌

Chubb

Ltd.

5,957‌

1,106,811‌

Interactive

Brokers

Group,

Inc.,

Class

A

4,418‌

341,202‌

W.R.

Berkley

Corp.

20,013‌

1,114,323‌

4,102,012‌

Health

Care

—

15.21%

Abbott

Laboratories

12,705‌

1,295,910‌

Hologic,

Inc.

(a)

16,841‌

1,328,586‌

Incyte

Corp.

(a)

8,701‌

535,547‌

Molina

Healthcare,

Inc.

(a)

4,594‌

1,258,297‌

QuidelOrtho

Corp.

(a)

1,909‌

162,532‌

Royalty

Pharma

PLC,

Class

A

9,073‌

297,050‌

Vertex

Pharmaceuticals,

Inc.

(a)

542‌

175,375‌

5,053,297‌

Industrials

—

3.99%

AGCO

Corp.

1,916‌

211,296‌

Keysight

Technologies,

Inc.

(a)

4,262‌

689,592‌

PACCAR,

Inc.

6,156‌

423,410‌

1,324,298‌

Materials

—

1.72%

Albemarle

Corp.

1,533‌

296,681‌

Mosaic

Co.

(The)

3,677‌

117,517‌

Nucor

Corp.

1,195‌

157,812‌

572,010‌

Real

Estate

—

1.98%

Crown

Castle

International

Corp.

5,800‌

656,618‌

Technology

—

33.98%

Adobe,

Inc.

(a)

4,130‌

1,725,472‌

Akamai

Technologies,

Inc.

(a)

2,663‌

245,316‌

OneAscent

Large

Cap

Core

ETF

Schedule

of

Investments

(continued)

May

31,

2023

-

(Unaudited)

COMMON

STOCKS

—

94.43%

-

continued

Shares

Fair

Value

Technology

—

33.98%

-

continued

Avnet,

Inc.

13,530‌

$

593,155‌

Broadcom,

Inc.

750‌

605,970‌

Cisco

Systems,

Inc.

24,973‌

1,240,409‌

Gartner,

Inc.

(a)

3,485‌

1,194,867‌

Jabil,

Inc.

1,959‌

175,370‌

Lam

Research

Corp.

675‌

416,273‌

Microchip

Technology,

Inc.

5,671‌

426,799‌

Palo

Alto

Networks,

Inc.

(a)

3,640‌

776,740‌

PTC,

Inc.

(a)

1,619‌

217,594‌

Pure

Storage,

Inc.,

Class

A

(a)

9,390‌

270,338‌

Qorvo,

Inc.

(a)

6,674‌

649,113‌

Qualys,

Inc.

(a)

4,947‌

624,608‌

Salesforce,

Inc.

(a)

3,022‌

675,054‌

ServiceNow,

Inc.

(a)

1,235‌

672,803‌

SPS

Commerce,

Inc.

(a)

1,997‌

311,133‌

Workday,

Inc.,

Class

A

(a)

2,204‌

467,226‌

11,288,240‌

Utilities

—

4.58%

Clearway

Energy,

Inc.,

Class

C

16,900‌

485,537‌

FirstEnergy

Corp.

6,805‌

254,439‌

Sempra

5,446‌

781,664‌

1,521,640‌

Total

Common

Stocks/

Investments

—

94.43%

(Cost

$32,162,491

)

31,368,968‌

Other

Assets

in

Excess

of

Liabilities — 5.57%

1,851,138‌

NET

ASSETS

—

100.00%

$

33,220,106‌

(a)

Non-income

producing

security.

OneAscent

Core

Plus

Bond

ETF

Schedule

of

Investments

May

31,

2023

-

(Unaudited)

E

ASSET

BACKED

SECURITIES

—

11.88%

Principal

Amount

Fair

Value

Century

Plaza

Towers,

Series

2019-CPT,

Class

B,

3.00%,

11/13/2039

(a)(b)

$

740,000‌

$

533,859‌

COMM

Mortgage

Trust,

Series

2022-HC,

Class

B,

3.17%,

1/10/2039

(a)

1,000,000‌

827,913‌

DBUBS

Mortgage

Trust,

Series

2017-BRBK,

Class

A,

3.45%,

10/10/2034

(a)

1,000,000‌

908,637‌

GoodLeap

Sustainable

Home

Solutions

Trust,

Series

2022-3CS,

Class

B,

5.50%,

7/20/2049

(a)

1,250,000‌

1,072,082‌

GoodLeap

Sustainable

Home

Solutions

Trust,

Series

2022-3CS,

Class

B,

5.52%,

2/22/2055

(a)

1,070,885‌

1,036,599‌

Hertz

Vehicle

Financing,

LLC,

Series

2023-2A,

Class

C,

7.13%,

9/25/2029

(a)

900,000‌

897,132‌

J.P.

Morgan

Chase

Commercial

Mortgage

Securities

Trust,

Series

2020-

609M,

Class

A,

6.48%,

10/15/2033

(US0001M

+

1.370bps)

(a)(b)

1,000,000‌

912,170‌

Mosaic

Solar

Loan

Trust,

Series

2022-3A,

Class

A,

6.10%,

6/20/2053

(a)

882,230‌

900,190‌

Mosaic

Solar

Loans

Trust,

Series

2023-2A,

Class

C,

8.18%,

9/22/2053

(a)

500,000‌

428,555‌

Natixis

Commercial

Mortgage

Securities

Trust,

Series

2019-MILE,

Class

A,

6.64%,

7/15/2036

(US0001M

+

1.500bps)

(a)(b)

1,000,000‌

939,598‌

One

Bryant

Park

Trust,

Series

2019-OBP,

Class

A,

2.52%,

9/15/2054

(a)

500,000‌

411,175‌

One

Market

Plaza

Trust,

Series

2017-1MKT,

Class

A,

3.61%,

2/10/2024

(a)

1,000,000‌

923,856‌

One

Market

Plaza

Trust,

Series

2017-1MKT,

Class

C,

4.02%,

2/10/2032

(a)

500,000‌

440,421‌

STWD

Mortgage

Trust,

Series

2021-LIH,

Class

B,

6.76%,

11/15/2036

(US0001M

+

1.656bps)

(a)(b)

1,000,000‌

959,757‌

Sunrun

Jupiter

Issuer,

LLC,

Series

2022-1A,

Class

A,

4.75%,

7/30/2057

(a)

938,275‌

842,225‌

Vivint

Solar

Financing

V,

LLC,

Series

2018-1A,

Class

B,

7.37%,

4/30/2048

(a)

577,791‌

534,199‌

Total

Asset

Backed

Securities

(Cost $13,484,083)

12,568,368‌

COLLATERALIZED

MORTGAGE

OBLIGATIONS

—

0.82%

Freddie

Mac

Multiclass

Certificates,

Series

2022-P013,

Class

A2,

2.76%,

2/25/2032

(b)

1,000,000‌

869,426‌

Total

Collateralized

Mortgage

Obligations

(Cost $945,607)

869,426‌

CORPORATE

BONDS

—

37.93%

Communications

—

0.77%

Alphabet,

Inc.,

1.10%,

8/15/2030

1,000,000‌

816,134‌

Consumer

Discretionary

—

2.62%

Conservation

Fund,

Series

2019,

3.47%,

12/15/2029

1,000,000‌

860,378‌

Magna

International,

Inc.,

2.45%,

6/15/2030

1,000,000‌

857,135‌

Walmart,

Inc.,

1.80%,

9/22/2031

1,000,000‌

834,142‌

ZF

North

America

Capital,

Inc.,

6.88%,

4/14/2028

(a)

225,000‌

225,461‌

2,777,116‌

Consumer

Staples

—

1.64%

PepsiCo,

Inc.,

3.90%,

7/18/2032

1,100,000‌

1,064,997‌

Unilever

Capital

Corp.,

2.63%,

8/12/2051

1,000,000‌

675,178‌

1,740,175‌

Energy

—

2.36%

BP

Capital

Markets

America,

Inc.,

4.81%,

2/13/2033

1,000,000‌

989,108‌

BP

Capital

Markets

America,

Inc.,

2.77%,

11/10/2050

1,000,000‌

649,309‌

OneAscent

Core

Plus

Bond

ETF

Schedule

of

Investments

(continued)

May

31,

2023

-

(Unaudited)

CORPORATE

BONDS

—

37.93%

-

continued

Principal

Amount

Fair

Value

Equinor

ASA,

3.95%,

5/15/2043

$

1,000,000‌

$

856,057‌

2,494,474‌

Financials

—

7.16%

BB

Blue

Financing

DAC,

Series

A2,

4.40%,

9/20/2029

1,000,000‌

993,780‌

BB

Blue

Financing

DAC,

Series

A1,

4.40%,

9/20/2037

1,000,000‌

1,005,620‌

HSBC

Holdings

PLC,

5.40%,

8/11/2033

(SOFRRATE

+

2.870bps)

(b)

1,075,000‌

1,052,690‌

ING

Groep

N.V.,

1.40%,

7/1/2026

(H15T1Y

+

1.100bps)

(a)(b)

1,000,000‌

915,305‌

National

Bank

of

Canada,

MTN,

0.55%,

11/15/2024

(H15T1Y

+

0.400bps)

(b)

1,000,000‌

975,553‌

OMERS

Finance

Trust,

3.50%,

4/19/2032

(a)

1,000,000‌

931,296‌

OMERS

Finance

Trust,

4.00%,

4/19/2052

(a)

1,000,000‌

830,767‌

Province

of

Quebec

Canada,

1.90%,

4/21/2031

1,000,000‌

858,060‌

7,563,071‌

Health

Care

—

1.67%

Amgen,

Inc.,

5.25%,

3/2/2033

925,000‌

929,260‌

Takeda

Pharmaceutical

Co.,

Ltd.,

2.05%,

3/31/2030

1,000,000‌

835,485‌

1,764,745‌

Industrials

—

3.65%

Delta

Air

Lines

Pass

Through

Trust,

Series

2020-1,

Class

A,

2.50%,

6/10/2028

1,524,982‌

1,310,721‌

Otis

Worldwide

Corp.,

3.11%,

2/15/2040

1,000,000‌

760,131‌

Tote

Shipholdings,

LLC,

3.40%,

10/16/2040

994,000‌

922,219‌

Vessel

Management

Services,

Inc.,

3.48%,

1/16/2037

931,000‌

872,991‌

3,866,062‌

Materials

—

2.10%

Cemex

S.A.B.

de

C.V.,

9.13%,

Perpetual

(H15T5Y

+

490.700bps)

(a)(b)

625,000‌

627,844‌

FMG

Resources

(August

2006)

Pty

Ltd.,

6.13%,

4/15/2032

(a)

500,000‌

473,092‌

Newmont

Corp.,

2.25%,

10/1/2030

1,000,000‌

829,144‌

Owens-Brockway

Glass

Container,

Inc.,

7.25%,

5/15/2031

(a)

290,000‌

295,075‌

2,225,155‌

Multi-Nationals

—

5.87%

Central

American

Bank

for

Economic

Integration,

5.00%,

2/9/2026

(a)

250,000‌

250,660‌

European

Investment

Bank,

0.75%,

9/23/2030

1,000,000‌

810,906‌

Inter-American

Development

Bank,

GMTN,

3.50%,

4/12/2033

1,000,000‌

969,380‌

Inter-American

Investment

Corp.,

2.63%,

4/22/2025

1,000,000‌

961,868‌

International

Bank

for

Reconstruction

&

Development,

EMTN,

Zero

Coupon,

3/31/2028

500,000‌

499,311‌

Kreditanstalt

fuer

Wiederaufbau,

1.00%,

10/1/2026

1,000,000‌

905,995‌

OPEC

Fund

for

International

Development

(The),

4.50%,

1/26/2026

(a)

900,000‌

898,122‌

United

States

International

Development

Finance,

3.43%,

6/1/2033

975,992‌

921,687‌

6,217,929‌

Real

Estate

—

1.74%

HAT

Holdings

I,

LLC/HAT

Holdings

II,

LLC,

3.38%,

6/15/2026

(a)

1,000,000‌

875,925‌

Preservation

of

Affordable

Housing,

Inc.,

4.48%,

12/1/2032

1,000,000‌

968,150‌

1,844,075‌

Technology

—

1.80%

Apple,

Inc.,

3.00%,

6/20/2027

1,000,000‌

960,576‌

Intel

Corp.,

4.15%,

8/5/2032

1,000,000‌

949,578‌

OneAscent

Core

Plus

Bond

ETF

Schedule

of

Investments

(continued)

May

31,

2023

-

(Unaudited)

CORPORATE

BONDS

—

37.93%

-

continued

Principal

Amount

Fair

Value

$

1,910,154‌

Utilities

—

6.55%

AES

Corp.

(The),

5.45%,

6/1/2028

$

1,000,000‌

988,226‌

Ameren

Illinois

Co.,

2.90%,

6/15/2051

1,000,000‌

669,511‌

Duke

Energy

Carolinas,

LLC,

3.55%,

3/15/2052

1,000,000‌

757,031‌

Duke

Energy

Progress,

LLC,

3.45%,

3/15/2029

850,000‌

790,940‌

New

York

State

Electric

&

Gas

Corp.,

2.15%,

10/1/2031

(a)

1,000,000‌

795,920‌

Public

Service

Electric

and

Gas

Co.,

MTN,

5.13%,

3/15/2053

400,000‌

395,161‌

San

Diego

Gas

&

Electric

Co.,

2.95%,

8/15/2051

1,000,000‌

674,769‌

Topaz

Solar

Farms,

LLC,

5.75%,

9/30/2039

(a)

982,740‌

969,242‌

Vistra

Corp.,

7.00%,

Perpetual

(H15T5Y

+

5.740bps)

(a)(b)

1,000,000‌

880,525‌

6,921,325‌

Total

Corporate

Bonds

(Cost $42,913,426)

40,140,415‌

FOREIGN

GOVERNMENT

BONDS

—

2.03%

Canada

Government

International

Bond,

2.88%,

4/28/2025

1,100,000‌

1,067,677‌

Canada

Government

International

Bond,

3.75%,

4/26/2028

1,085,000‌

1,079,864‌

Total

Foreign

Government

Bonds

(Cost $2,180,247)

2,147,541‌

MUNICIPAL

BONDS

—

7.20%

District

of

Columbia

—

1.61%

District

of

Columbia,

Revenue

,

3.85

%,

2/28/2025

1,750,000‌

1,701,963‌

Florida

—

0.96%

Florida

Development

Finance

Corp.,

Revenue,

Series

A

,

7.25

%,

7/1/2057

1,000,000‌

1,016,496‌

Indiana

—

0.94%

Fort

Wayne,

Solid

Waste

Facility,

Revenue,

Series

2022A-2

,

10.75

%,

12/1/2029

1,000,000‌

997,318‌

Montana

—

0.99%

Gallatin

County

Industrial

Development,

Revenue,

Series

B

,

11.50

%,

9/1/2027

1,000,000‌

1,046,185‌

New

York

—

1.85%

Metropolitan

Transportation

Authority,

Revenue

,

5.18

%,

11/15/2049

1,000,000‌

920,717‌

New

York

State

Energy

Research

&

Development

Authority,

Revenue,

Series

A

,

4.87

%,

4/1/2037

1,130,000‌

1,039,524‌

1,960,241‌

Pennsylvania

—

0.40%

Redevelopment

Authority

of

the

City

of

Philadelphia,

Revenue,

Series

A

,

4.94

%,

9/1/2031

425,000‌

427,599‌

Wisconsin

—

0.45%

Fond

du

Lac

County

Social

Bonds,

Revenue,

Series

A

,

5.57

%,

11/1/2051

500,000‌

475,376‌

Total

Municipal

Bonds

(Cost $7,846,770)

7,625,178‌

TERM

LOANS

—

2.60%

Utilities

—

1.81%

OneAscent

Core

Plus

Bond

ETF

Schedule

of

Investments

(continued)

May

31,

2023

-

(Unaudited)

TERM

LOANS

—

2.60%

-

continued

Principal

Amount

Fair

Value

ExGen

Renewables

IV,

LLC,

7.24%,

12/15/2027

(US0001M

+

250.000bps)

(b)

$

943,711‌

$

937,223‌

TerraForm

Power

Operating,

LLC,

6.40%,

5/30/2029

(TSFR1M

+

275.000bps)

(b)

992,500‌

980,094‌

1,917,317‌

Industrials

—

0.79%

LTR

Intermediate

Holdings,

Inc.,

6.75%,

5/7/2028

(US0001M

+

450.000bps)

(b)

989,924‌

836,486‌

Total

Term

Loans

(Cost $2,894,303)

2,753,803‌

U.S.

GOVERNMENT

&

AGENCIES

—

35.22%

Fannie

Mae

Pool,

4.00

%

,

5/1/2044

857,777‌

828,034‌

Fannie

Mae

Pool,

2.00

%

,

6/1/2051

950,297‌

783,637‌

Fannie

Mae

Pool,

2.50

%

,

2/1/2052

2,189,929‌

1,885,696‌

Fannie

Mae

Pool,

2.50

%

,

2/1/2052

202,899‌

174,679‌

Fannie

Mae

Pool,

3.00

%

,

4/1/2052

2,759,387‌

2,462,124‌

Fannie

Mae

Pool,

3.50

%

,

4/1/2052

2,772,133‌

2,546,377‌

Fannie

Mae

Pool,

5.00

%

,

5/1/2052

179,445‌

176,838‌

Fannie

Mae

Pool,

5.00

%

,

7/1/2052

445,001‌

438,379‌

Fannie

Mae

Pool,

4.00

%

,

8/1/2052

1,118,572‌

1,057,399‌

Fannie

Mae

Pool,

4.50

%

,

8/1/2052

2,062,581‌

1,995,393‌

Fannie

Mae

Pool,

4.50

%

,

9/1/2052

1,196,048‌

1,157,056‌

Fannie

Mae

Pool,

4.00

%

,

10/1/2052

1,340,079‌

1,266,583‌

Fannie

Mae

Pool,

5.00

%

,

10/25/2052

715,496‌

704,743‌

Federal

National

Mortgage

Association,

0.88

%

,

8/5/2030

1,000,000‌

813,131‌

Freddie

Mac

Pool,

3.00

%

,

2/1/2052

220,896‌

197,161‌

Freddie

Mac

Pool,

2.00

%

,

3/1/2052

1,106,564‌

915,295‌

Freddie

Mac

Pool,

4.00

%

,

4/1/2052

196,023‌

185,425‌

Ginnie

Mae

II

Pool,

2.50

%

,

9/20/2051

1,491,973‌

1,304,564‌

Ginnie

Mae

II

Pool,

3.00

%

,

12/20/2051

1,771,282‌

1,593,013‌

Ginnie

Mae

II

Pool,

3.00

%

,

5/20/2052

104,100‌

93,618‌

Ginnie

Mae

II

Pool,

3.50

%

,

7/20/2052

208,200‌

192,931‌

Ginnie

Mae

II

Pool,

4.00

%

,

9/20/2052

1,062,997‌

1,010,133‌

Ginnie

Mae

II

Pool,

4.50

%

,

12/20/2052

741,471‌

719,723‌

United

States

Treasury

Bond,

2.38

%

,

2/15/2042

483,000‌

377,514‌

United

States

Treasury

Note,

4.25

%

,

5/31/2025

1,763,000‌

1,758,420‌

United

States

Treasury

Note,

3.63

%

,

5/15/2026

561,000‌

554,623‌

United

States

Treasury

Note,

3.63

%

,

5/31/2028

1,350,000‌

1,342,881‌

United

States

Treasury

Note,

3.75

%

,

5/31/2030

122,000‌

122,400‌

United

States

Treasury

Note,

3.38

%

,

5/15/2033

4,148,000‌

4,058,235‌

United

States

Treasury

Note,

3.88

%

,

5/15/2043

3,770,000‌

3,702,552‌

United

States

Treasury

Note,

3.63

%

,

2/15/2053

2,982,000‌

2,856,197‌

Total

U.S.

Government

&

Agencies

(Cost $38,486,672)

37,274,754‌

Total

Investments

—

97.68%

(Cost

$108,751,108

)

103,379,485‌

Other

Assets

in

Excess

of

Liabilities — 2.32%

2,457,690‌

OneAscent

Core

Plus

Bond

ETF

Schedule

of

Investments

(continued)

May

31,

2023

-

(Unaudited)

Total

Investments

—

97.68%

(Cost

$108,751,108)

NET

ASSETS

—

100.00%

$

105,837,175‌

(a)

Security

exempt

from

registration

under

Rule

144A

or

Section

4(2)

of

the

Securities

Act

of

1933.

The

security

may

be

resold

in

transactions

exempt

from

registration,

normally

to

qualified

institutional

buyers.

(b)

Variable

rate

security.

Interest

rate

resets

periodically.

The

rate

shown

is

the

effective

interest

rate

as

of

May

31,

2023.

For

securities

based

on

a

published

reference

rate

and

spread,

the

reference

rate

and

spread

(in

basis

points)

are

indicated

parenthetically.

Certain

variable

rate

securities

are

not

based

on

a

published

reference

rate

and

spread

but

are

determined

by

the

issuer

or

agent

and

are

based

on

current

market

conditions.

These

securities,

therefore,

do

not

indicate

a

reference

rate

and

spread.

EMTN

-

Euro

Medium

Term

Note

GMTN

-

Global

Medium

Term

Note

MTN

-

Medium

Term

Note

OneAscent

International

Equity

ETF

Schedule

of

Investments

May

31,

2023

-

(Unaudited)

COMMON

STOCKS

—

92.18%

Shares

Fair

Value

Communications

—

1.87%

Trip.com

Group

Ltd.

(China)

(a)

58,971‌

$

1,891,749‌

Consumer

Discretionary

—

2.71%

China

Literature

Ltd.

(Cayman

Islands)

(a)

266,320‌

1,006,702‌

Valeo

S.A.

(France)

90,314‌

1,733,504‌

2,740,206‌

Consumer

Staples

—

13.13%

Carrefour

S.A.

(France)

129,444‌

2,377,360‌

Dollarama,

Inc.

(Canada)

34,914‌

2,123,762‌

Kimberly-Clark

de

Mexico

SAB

de

CV

(Mexico)

1,509,444‌

3,084,869‌

L'Oreal

S.A.

(France)

5,106‌

2,177,294‌

Nestle

S.A.

-

ADR

(Switzerland)

29,532‌

3,506,334‌

13,269,619‌

Financials

—

18.04%

AIA

Group

Ltd.

(Hong

Kong)

251,161‌

2,408,783‌

Bangkok

Bank

PCL

(Thailand)

643,770‌

3,024,572‌

Bank

Rakyat

Indonesia

Persero

Tbk

P.T.

(Indonesia)

9,470,940‌

3,521,911‌

DBS

Group

Holdings

Ltd.

(Singapore)

143,934‌

3,225,000‌

HDFC

Bank

Ltd.

-

ADR

(India)

32,844‌

2,115,154‌

KBC

Group

N.V.

(Belgium)

60,306‌

3,943,060‌

18,238,480‌

Health

Care

—

5.93%

PHC

Holdings

Corp.

(Japan)

154,560‌

1,626,025‌

Santen

Pharmaceutical

Co.

Ltd.

(Japan)

241,224‌

2,193,276‌

Straumann

Holding

AG

(Switzerland)

14,904‌

2,177,785‌

5,997,086‌

Industrials

—

21.87%

Adecco

Group

AG

(Switzerland)

66,654‌

1,987,422‌

CAE,

Inc.

(Canada)

(a)

103,086‌

2,107,903‌

China

Airlines

Ltd.

(Taiwan

Province

of

China)

1,591,000‌

1,149,110‌

Daikin

Industries

Ltd.

(Japan)

11,231‌

2,140,635‌

Element

Fleet

Management

Corp.

(Canada)

236,394‌

3,585,289‌

Ferguson

plc

(United

Kingdom)

18,354‌

2,665,012‌

Intertek

Group

plc

(United

Kingdom)

31,878‌

1,646,907‌

Mitsubishi

Electric

Corp.

(Japan)

177,744‌

2,320,191‌

MTU

Aero

Engines

A.G.

(Germany)

11,454‌

2,641,630‌

Nabtesco

Corp.

(Japan)

83,115‌

1,854,966‌

22,099,065‌

Materials

—

7.47%

CRH

plc

(Ireland)

69,966‌

3,297,532‌

Givaudan

S.A.

(Switzerland)

552‌

1,815,578‌

Smurfit

Kappa

Group

plc

(Ireland)

68,448‌

2,430,829‌

7,543,939‌

Technology

—

21.16%

ASML

Holding

N.V.

(Netherlands)

4,692‌

3,391,988‌

ASMPT

Ltd.

(Hong

Kong)

260,568‌

2,219,486‌

Constellation

Software,

Inc.

(Canada)

1,104‌

2,250,962‌

Murata

Manufacturing

Co.

Ltd.,

F

(Japan)

36,580‌

2,152,290‌

OneAscent

International

Equity

ETF

Schedule

of

Investments

(continued)

May

31,

2023

-

(Unaudited)

COMMON

STOCKS

—

92.18%

-

continued

Shares

Fair

Value

Technology

—

21.16%

-

continued

Nomura

Research

Institute

Ltd.

(Japan)

81,282‌

$

2,047,376‌

Novatek

Microelectronics

Corp.

(Taiwan

Province

of

China)

141,000‌

1,951,898‌

NXP

Semiconductors

NV

(Netherlands)

10,212‌

1,828,969‌

Taiwan

Semiconductor

Manufacturing

Co.,

Ltd.

-

ADR

(Taiwan

Province

of

China)

32,201‌

3,174,697‌

Topicus.com,

Inc.

(Canada)

(a)

33,396‌

2,369,421‌

21,387,087‌

Total

Common

Stocks/

Investments

—

92.18%

(Cost

$83,684,959

)

93,167,231‌

Other

Assets

in

Excess

of

Liabilities — 7.82%

7,900,159‌

NET

ASSETS

—

100.00%

$

101,067,390‌

(a)

Non-income

producing

security.

ADR

-

American

Depositary

Receipt

OneAscent

Emerging

Markets

ETF

Schedule

of

Investments

May

31,

2023

-

(Unaudited)

COMMON

STOCKS

—

93.33%

Shares

Fair

Value

Communications

—

1.86%

Trip.com

Group

Ltd.

(China)

(a)

15,516‌

$

497,743‌

Consumer

Discretionary

—

10.70%

Ace

Hardware

Indonesia

Tbk

P.T.

(Indonesia)

11,567,351‌

486,088‌

China

Literature

Ltd.

(Cayman

Islands)

(a)

140,388‌

530,673‌

Coway

Co.

Ltd.

(South

Korea)

8,792‌

320,252‌

Haier

Smart

Home

Co.

Ltd.,

H

Shares

(China)

304,722‌

873,626‌

MercadoLibre,

Inc.

(Argentina)

(a)

284‌

351,876‌

Sendas

Distribuidora

S.A.

(Brazil)

137,800‌

294,215‌

2,856,730‌

Consumer

Staples

—

6.20%

Charoen

Pokphand

Foods

PCL

(Thailand)

467,517‌

270,856‌

Indofood

CBP

Sukses

Makmur

Tbk

P.T.

(Indonesia)

814,231‌

635,439‌

Kimberly-Clark

de

Mexico

SAB

de

CV

(Mexico)

366,238‌

748,485‌

1,654,780‌

Financials

—

20.45%

Banco

Bradesco

S.A.

-

ADR

(Brazil)

125,465‌

386,432‌

Bangkok

Bank

PCL

(Thailand)

166,642‌

782,921‌

Bank

Rakyat

Indonesia

Persero

Tbk

P.T.

(Indonesia)

2,698,543‌

1,003,494‌

BB

Seguridade

Participacoes

S.A.

(Brazil)

87,800‌

538,148‌

Chailease

Holding

Co.

Ltd.

(Taiwan

Province

of

China)

140,000‌

922,341‌

HDFC

Bank

Ltd.

-

ADR

(India)

12,126‌

780,915‌

Hong

Kong

Exchanges

&

Clearing

Ltd.

(Hong

Kong)

12,138‌

444,251‌

Regional

S.A.B.

de

C.V.

(Mexico)

77,075‌

600,446‌

5,458,948‌

Health

Care

—

4.02%

Dentium

Co.

Ltd.

(South

Korea)

(a)

8,935‌

1,072,027‌

Industrials

—

8.45%

China

Airlines

Ltd.

(Taiwan

Province

of

China)

1,023,000‌

738,869‌

Sarana

Menara

Nusantara

Tbk

P.T.

(Indonesia)

7,697,333‌

508,295‌

Sporton

International,

Inc.

(Taiwan

Province

of

China)

48,000‌

377,135‌

Voltronic

Power

Technology

Corp.

(Taiwan

Province

of

China)

10,000‌

631,161‌

2,255,460‌

Materials

—

3.41%

Hanwha

Solutions

Corp.

(South

Korea)

(a)

11,956‌

404,750‌

Orbia

Advance

Corp.

SAB

de

CV

(Mexico)

239,457‌

506,168‌

910,918‌

Technology

—

38.24%

Accton

Technology

Corp.

(Taiwan

Province

of

China)

76,000‌

872,824‌

ASMPT

Ltd.

(Hong

Kong)

77,748‌

662,248‌

DB

HiTek

Co.

Ltd.

(South

Korea)

23,237‌

1,061,757‌

eMemory

Technology,

Inc.

(Taiwan

Province

of

China)

10,000‌

598,627‌

Infosys

Ltd.

-

ADR

(India)

40,090‌

639,836‌

MediaTek,

Inc.

(Taiwan

Province

of

China)

42,000‌

1,037,121‌

Novatek

Microelectronics

Corp.

(Taiwan

Province

of

China)

39,000‌

539,887‌

Powerchip

Semiconductor

Manufacturing

Corp.

(Taiwan

Province

of

China)

228,000‌

229,209‌

OneAscent

Emerging

Markets

ETF

Schedule

of

Investments

(continued)

May

31,

2023

-

(Unaudited)

COMMON

STOCKS

—

93.33%

-

continued

Shares

Fair

Value

Technology

—

38.24%

-

continued

Samsung

Electronics

Co.

Ltd.

(South

Korea)

35,906‌

$

1,939,426‌

Samsung

SDI

Co.

Ltd.

(South

Korea)

1,101‌

598,026‌

Taiwan

Semiconductor

Manufacturing

Co.

Ltd.

(Taiwan

Province

of

China)

95,000‌

1,724,631‌

Unimicron

Technology

Corp.

(Taiwan

Province

of

China)

52,000‌

305,365‌

10,208,957‌

Total

Common

Stocks/

Investments

—

93.33%

(Cost

$22,212,266

)

24,915,563‌

Other

Assets

in

Excess

of

Liabilities — 6.67%

1,782,005‌

NET

ASSETS

—

100.00%

$

26,697,568‌

(a)

Non-income

producing

security.

ADR

-

American

Depositary

Receipt