6 Meridian 

Hedged Equity-Index Option Strategy ETF 

Schedule of Investments 

August 31, 2021 (Unaudited)

Description	Shares		Fair Value
COMMON STOCK — 95.6%
Communication Services — 2.7%
Alphabet, Cl C *		1,156	$	3,363,081
Facebook, Cl A *		8,951		3,395,831
				6,758,912
Consumer Discretionary — 12.4%
Amazon.com *		942		3,269,484
Home Depot		9,627		3,140,135
Lowe’s		32,996		6,727,555
McDonald’s		13,122		3,115,950
NIKE, Cl B		37,339		6,151,227
Target		36,745		9,075,280
				31,479,631
Consumer Staples — 16.5%
Altria Group		132,021		6,631,415
Coca-Cola		55,387		3,118,842
Costco Wholesale		14,688		6,690,237
Kraft Heinz		81,660		2,938,943
Mondelez International, Cl A		49,646		3,081,528
PepsiCo		20,153		3,151,728
Philip Morris International		94,494		9,732,881
Walmart		44,308		6,562,015
				41,907,589
Financials — 20.7%
American Express		37,225		6,177,861
Bank of America		82,998		3,465,167
Berkshire Hathaway, Cl B *		11,325		3,236,345
Capital One Financial		39,360		6,532,579
Citigroup		93,035		6,690,147
Goldman Sachs Group		16,659		6,888,663
JPMorgan Chase		20,839		3,333,198
MetLife		108,964		6,755,768
US Bancorp		114,300		6,559,677
Wells Fargo		68,802		3,144,251
				52,783,656
Health Care — 15.4%
Abbott Laboratories		26,054		3,292,444
AbbVie		54,580		6,592,172
Bristol-Myers Squibb		92,640		6,193,910
CVS Health		76,464		6,605,725
Eli Lilly		25,550		6,599,310
Johnson & Johnson		18,286		3,165,855
Pfizer		143,345		6,603,905
				39,053,321
Industrials — 7.4%
3M		47,851		9,318,504
Caterpillar		15,354		3,237,698
FedEx		11,406		3,030,460
General Dynamics		16,088		3,222,587
				18,809,249
Information Technology — 14.2%
Adobe *		5,090		3,378,233
Broadcom		6,497		3,230,374
Cisco Systems		56,818		3,353,398
Intel		58,689		3,172,727
International Business Machines		44,555		6,252,849
NVIDIA		31,905		7,141,935
Oracle		35,963		3,205,382
QUALCOMM		21,163		3,104,400
Texas Instruments		16,518		3,153,451
				35,992,749
Materials — 3.8%
Dow		154,396		9,711,508
Utilities — 2.5%
Southern		98,334		6,463,494
Total Common Stock
(Cost $211,805,523)				242,960,109
EXCHANGE-TRADED FUND — 5.1%
SPDR S&P 500 ETF Trust		28,420		12,833,335
Total Exchange-Traded Fund
(Cost $12,521,357)				12,833,335
SHORT-TERM INVESTMENT — 0.4%
Invesco Government & Agency, CI Institutional, 0.03%		1,076,726		1,076,726
Total Short-Term Investment
(Cost $1,076,726)				1,076,726
Total Investments - 101.1%
(Cost $225,403,606)			$	256,870,170
WRITTEN OPTIONS(A) — -1.1%
Total Written Options
(Premiums Received ($2,124,022))				(2,769,056	)

Percentages are based on Net Assets of $254,015,935.

1

6 Meridian 

Hedged Equity-Index Option Strategy ETF 

Schedule of Investments 

August 31, 2021 (Unaudited)

Description	Number of Contracts			Notional Amount			Exercise Price		Expiration Date	Value
WRITTEN OPTIONS — (1.1)%
Call Options
S&P 500 Index*		(424	)	$	(1,582,969	)	$	4,500	10/16/21	$	(2,253,560	)
S&P 500 Index*		(141	)		(541,053	)		4,600	10/16/21		(515,946	)
											(2,769,056	)
Total Written Options
(Premiums Received $2,124,022)											(2,769,056	)

* Non-income producing security. 

(A) Refer to table below for details on Options Contracts

Cl — Class 

ETF — Exchange Traded Fund

SPDR — Standard & Poor’s Depositary Receipt

S&P — Standard & Poor’s

As of August 31, 2021, all of the Fund’s investments were considered Level 1, in accordance with the authoritative guidance under U.S. GAAP.

For the period ended August 31, 2021, there have been no transfers in or out of Level 3.

For information on the Fund’s policy regarding valuation of investments, fair value hierarchy levels, and other significant accounting policies, please refer to the Fund’s most recent semi-annual or annual financial statements.

MER-QH-001-0300

2

6 Meridian 

Low Beta Equity Strategy ETF 

Schedule of Investments

August 31, 2021 (Unaudited)

Description	Shares		Fair Value
COMMON STOCK — 99.1%
Communication Services — 3.8%
AT&T		20,041	$	549,524
Cable One		284		596,284
Discovery, Cl A *		19,695		568,004
Fox		15,989		598,628
New York Times, Cl A		11,997		609,207
QuinStreet *		31,570		565,419
Shenandoah Telecommunications		18,799		560,774
ViacomCBS, Cl B		14,390		596,466
World Wrestling Entertainment, Cl A		11,486		598,535
				5,242,841
Consumer Discretionary — 8.6%
AutoZone *		339		525,162
Dollar General		2,376		529,635
Domino’s Pizza		1,039		537,049
Dorman Products *		5,704		535,377
Grand Canyon Education *		6,074		541,436
H&R Block		22,462		576,151
Hasbro		5,606		551,126
Helen of Troy *		2,483		593,909
LGI Homes *		3,510		562,758
McDonald’s		2,377		564,442
Murphy USA		3,710		576,089
Ollie’s Bargain Outlet Holdings *		6,282		454,691
O’Reilly Automotive *		920		546,554
Papa John’s International		4,846		618,011
Service International		8,799		552,225
Shutterstock		5,324		613,644
Sturm Ruger		7,292		570,161
Target		2,141		528,784
Wendy’s		24,975		574,925
Williams-Sonoma		3,565		665,585
Yum! Brands		4,180		547,705
				11,765,419
Consumer Staples — 16.1%
Altria Group		11,869		596,180
BJ’s Wholesale Club Holdings *		10,790		611,361
Boston Beer, Cl A *		845		481,827
Casey’s General Stores		2,893		591,792
Central Garden & Pet, Cl A *		12,123		558,265
Coca-Cola		9,948		560,172
Coca-Cola Consolidated		1,446		587,307
Colgate-Palmolive		7,133		556,017
Costco Wholesale		1,283		584,394
Edgewell Personal Care		13,576		574,265
elf Beauty *		19,898		615,843
Flowers Foods		24,610		593,839
Grocery Outlet Holding *		16,971		441,755
Hain Celestial Group *		14,088		527,032
Hershey		3,131		556,379
J & J Snack Foods		3,470		568,247
J M Smucker		4,332		535,738
Kraft Heinz		15,109		543,773
Kroger		13,315		612,889
Lancaster Colony		2,956		523,921
Molson Coors Beverage, Cl B		11,623		552,441
Mondelez International, Cl A		9,043		561,299
National Beverage		12,837		597,563
Nu Skin Enterprises, Cl A		10,658		539,508
PepsiCo		3,622		566,445
Philip Morris International		5,609		577,727
Post Holdings *		5,632		630,278
Procter & Gamble		3,917		557,742
Sanderson Farms		3,067		602,666
Simply Good Foods *		15,535		553,357
Sprouts Farmers Market *		23,591		587,416
Tootsie Roll Industries		16,576		524,630
TreeHouse Foods *		13,232		495,803
Tyson Foods, Cl A		7,933		622,899
Universal		10,915		552,299
USANA Health Sciences *		5,878		570,342
Walgreens Boots Alliance		11,992		608,594
Walmart		3,906		578,479
WD-40		2,323		556,660
				22,057,144
Energy — 0.4%
DT Midstream		12,697		590,030
Financials — 7.6%
Allstate		4,329		585,627
Aon PLC, Cl A		2,151		617,037
Assurant		3,585		609,844
B Riley Financial		8,482		555,910
Brown & Brown		10,393		603,314
Cboe Global Markets		4,522		570,450
CME Group, Cl A		2,675		539,601
Employers Holdings		13,726		565,099
FactSet Research Systems		1,554		590,862
HCI Group		5,531		617,592
Horace Mann Educators		14,322		587,202
KKR Real Estate Finance Trust ‡		26,758		570,748
Mercury General		9,494		566,887
Mr Cooper Group *		14,676		570,603
Progressive		5,854		563,974
RenaissanceRe Holdings		3,659		573,475
Safety Insurance Group		7,256		589,985
Stewart Information Services		9,752		613,888
				10,492,098

3

6 Meridian 

Low Beta Equity Strategy ETF 

Schedule of Investments

August 31, 2021 (Unaudited)

Description	Shares		Fair Value
Health Care — 20.2%
Abbott Laboratories		4,591	$	580,165
AbbVie		4,849		585,663
Amedisys *		2,177		399,371
AmerisourceBergen, Cl A		4,446		543,346
Bristol-Myers Squibb		8,149		544,842
Cardiovascular Systems *		14,712		526,542
Centene *		8,079		508,815
Cerner		6,969		532,083
Chemed		1,177		561,076
Collegium Pharmaceutical *		22,380		459,461
Computer Programs and Systems		16,571		589,431
Corcept Therapeutics *		25,876		550,641
CorVel *		3,624		597,271
CVS Health		6,844		591,253
Danaher		1,825		591,592
DaVita *		4,172		545,572
Eli Lilly		2,126		549,125
Encompass Health		6,698		525,458
Glaukos *		11,353		676,979
HealthStream *		18,819		571,909
Hill-Rom Holdings		4,060		591,055
Humana		1,309		530,695
ICU Medical *		2,926		583,298
Invacare *		80,083		677,502
Jazz Pharmaceuticals *		3,635		478,766
Johnson & Johnson		3,219		557,305
Laboratory Corp of America Holdings *		1,859		563,983
LeMaitre Vascular		10,094		571,522
LHC Group *		2,592		484,082
Magellan Health *		5,902		558,447
Masimo *		1,996		541,994
Merit Medical Systems *		8,456		606,887
Mesa Laboratories		1,958		522,629
ModivCare *		3,125		616,439
NeoGenomics *		11,753		571,431
Neurocrine Biosciences *		5,987		569,962
Omnicell *		3,740		580,710
Pacira BioSciences *		9,259		548,966
Penumbra *		2,122		583,444
Pfizer		12,352		569,057
Prestige Consumer Healthcare *		10,495		602,308
Quidel *		3,826		493,363
Repligen *		2,208		624,820
STAAR Surgical *		4,335		669,627
STERISPLC		2,578		554,296
Supernus Pharmaceuticals *		20,535		565,329
Surmodics *		10,198		612,594
United Therapeutics *		2,708		581,895
Waters *		1,414		585,424
				27,628,425
Industrials — 9.6%
3M		2,824		549,946
AAON		8,990		612,309
Aerojet Rocketdyne Holdings		11,994		497,991
Atlas Air Worldwide Holdings *		8,289		606,506
CACI International, Cl A *		2,207		568,391
Exponent		5,024		587,306
Forrester Research *		12,344		586,957
FTI Consulting *		3,863		539,700
Hub Group, Cl A *		8,814		618,743
Huntington Ingalls Industries		2,784		568,409
JB Hunt Transport Services		3,330		590,741
Knight-Swift Transportation Holdings, Cl A		11,292		586,394
L3Harris Technologies		2,432		566,680
Lockheed Martin		1,542		554,812
ManTech International, Cl A		6,729		532,735
Northrop Grumman		1,561		573,980
Republic Services, Cl A		4,683		581,301
Science Applications International		6,776		570,742
Toro		4,906		539,366
Waste Management		3,748		581,352
Watsco		1,994		555,169
Watts Water Technologies, Cl A		3,576		613,534
Werner Enterprises		12,360		582,898
				13,165,962
Information Technology — 7.2%
Alarmcom Holdings *		6,643		560,204
Aspen Technology *		3,833		496,374
CSG Systems International		12,551		605,083
EVERTEC		12,398		573,408
ExlService Holdings *		4,858		598,214
International Business Machines		3,908		548,449
J2 Global *		3,950		543,915
NETGEAR*		16,335		583,650
NortonLifeLock		23,045		612,075
Oracle		6,198		552,428
OSI Systems *		5,797		573,555
Qualys *		5,367		629,978
Sailpoint Technologies Holdings *		11,064		518,459
SPS Commerce *		4,970		673,584
TTM Technologies *		39,812		557,368
Vonage Holdings *		39,005		549,971
Vontier		17,344		630,801
				9,807,516
Materials — 3.8%
AptarGroup		4,401		593,255
Balchem		4,262		598,470
NewMarket		1,767		617,974
Royal Gold		4,706		523,919
RPM International		6,583		541,715

4

6 Meridian 

Low Beta Equity Strategy ETF 

Schedule of Investments

August 31, 2021 (Unaudited)

Description	Shares		Fair Value
Materials (continued)
Sealed Air		9,625	$	587,414
Sherwin-Williams		1,882		571,507
Silgan Holdings		14,130		599,535
Stepan		4,865		571,929
				5,205,718
Real Estate — 10.4%
Apartment Income ‡		10,775		547,586
Camden Property Trust ‡		3,770		565,651
CareTrust ‡		24,514		539,063
Centerspace ‡		6,083		615,478
Community Healthcare Trust ‡		11,510		558,350
CoreSite Realty ‡		4,007		594,519
Crown Castle International ‡		2,860		556,813
Duke Realty ‡		11,010		578,135
EastGroup Properties ‡		3,214		579,356
Extra Space Storage ‡		3,176		593,626
First Industrial Realty Trust ‡		10,227		572,610
Four Corners Property Trust ‡		19,773		565,706
Getty Realty ‡		18,023		570,067
Healthcare Realty Trust ‡		18,151		545,075
Independence Realty Trust ‡		28,176		577,044
Industrial Logistics Properties Trust ‡		21,024		576,688
Lexington Realty Trust ‡		42,772		578,705
Life Storage ‡		4,705		585,490
LTC Properties ‡		15,696		541,669
Mid-America Apartment Communities ‡		2,933		564,221
National Storage Affiliates Trust ‡		10,213		584,694
Physicians Realty Trust ‡		30,138		557,854
Public Storage ‡		1,820		588,970
Safehold ‡		6,073		544,202
SBA Communications, Cl A ‡		1,599		573,993
				14,255,565
Utilities — 11.4%
Alliant Energy		9,312		566,076
American States Water		6,185		570,319
American Water Works		3,163		576,457
Avista		13,050		546,143
California Water Service Group		8,637		548,881
Chesapeake Utilities		4,382		572,728
DTE Energy		4,737		570,051
Duke Energy		5,230		547,372
Essential Utilities		11,202		555,955
FirstEnergy		14,672		570,301
Hawaiian Electric Industries		12,829		559,344
IDACORP		5,259		554,036
Middlesex Water		5,219		571,011
National Fuel Gas		10,767		557,838
NiSource		22,105		544,888
NorthWestern		9,012		573,162
OGE Energy		16,368		579,590
ONE Gas		7,560		542,959
Pinnacle West Capital		7,138		548,912
PNM Resources		11,606		574,497
PPL		19,633		576,229
Public Service Enterprise Group		8,821		564,015
Sempra Energy		4,266		564,648
South Jersey Industries		22,079		547,780
Southern		8,717		572,968
Southwest Gas Holdings		7,755		545,254
Spire		7,654		510,522
Unitil		11,116		551,354
				15,663,290
Total Common Stock
(Cost $123,420,128)				135,874,008
SHORT-TERM INVESTMENT — 0.9%
Invesco Government & Agency, CI Institutional, 0.03%		1,216,635		1,216,635
Total Short-Term Investment
(Cost $1,216,635)				1,216,635
Total Investments - 100.0%
(Cost $124,636,763)			$	137,090,643

Percentages are based on Net Assets of $137,027,999

* Non-income producing security 

‡ Real Estate Investment Trust

Cl — Class 

PLC — Public Limited Company

As of August 31, 2021, all of the Fund’s investments were considered Level 1, in accordance with the authoritative guidance under US GAAP

For the period ended August 31, 2021, there have been no transfers in or out of Level 3

For information on the Fund’s policy regarding valuation of investments, fair value hierarchy levels, and other significant accounting policies, please refer to the Fund’s most recent semi-annual or annual financial statements

MER-QH-001-0300

5

6 Meridian 

Mega Cap Equity ETF

Schedule of Investments

August 31, 2021 (Unaudited)

Description	Shares		Fair Value
COMMON STOCK — 99.7%
Communication Services — 2.8%
Alphabet, Cl C *		773	$	2,248,843
Facebook, Cl A *		5,974		2,266,416
				4,515,259
Consumer Discretionary — 12.9%
Amazoncom *		631		2,190,068
Home Depot		6,426		2,096,033
Lowe’s		22,023		4,490,268
McDonald’s		8,758		2,079,675
NIKE, Cl B		24,921		4,105,486
Target		24,522		6,056,444
				21,017,974
Consumer Staples — 17.2%
Altria Group		88,112		4,425,866
Coca-Cola		36,967		2,081,612
Costco Wholesale		9,804		4,465,624
Kraft Heinz		54,502		1,961,527
Mondelez International, Cl A		33,134		2,056,627
PepsiCo		13,450		2,103,445
Philip Morris International		63,063		6,495,489
Walmart		29,570		4,379,317
				27,969,507
Financials — 21.7%
American Express		24,845		4,123,276
Bank of America		55,392		2,312,616
Berkshire Hathaway, Cl B *		7,559		2,160,135
Capital One Financial		26,268		4,359,700
Citigroup		62,093		4,465,108
Goldman Sachs Group		11,120		4,598,231
JPMorgan Chase		13,909		2,224,745
MetLife		72,722		4,508,764
US Bancorp		76,284		4,377,939
Wells Fargo		45,920		2,098,544
				35,229,058
Health Care — 16.0%
Abbott Laboratories		17,389		2,197,448
AbbVie		36,427		4,399,653
Bristol-Myers Squibb		61,828		4,133,820
CVS Health		51,032		4,408,654
Eli Lilly		17,054		4,404,878
Johnson & Johnson		12,206		2,113,225
Pfizer		95,667		4,407,379
				26,065,057
Industrials — 7.7%
3M		31,937		6,219,411
Caterpillar		10,249		2,161,207
FedEx		7,613		2,022,698
General Dynamics		10,736		2,150,528
				12,553,844
Information Technology — 14.8%
Adobe *		3,398		2,255,253
Broadcom		4,338		2,156,897
Cisco Systems		37,920		2,238,038
Intel		39,171		2,117,584
International Business Machines		29,738		4,173,431
NVIDIA		21,294		4,766,662
Oracle		24,003		2,139,387
QUALCOMM		14,125		2,071,996
Texas Instruments		11,025		2,104,783
				24,024,031
Materials — 4.0%
Dow		103,043		6,481,405
Utilities — 2.6%
Southern		65,629		4,313,794
Total Common Stock
(Cost $142,242,766)				162,169,929
SHORT-TERM INVESTMENT — 0.3%
Invesco Government & Agency, CI Institutional, 0.03%		384,155		384,155
Total Short-Term Investment
(Cost $384,155)				384,155
Total Investments - 100.0%
(Cost $142,626,921)			$	162,554,084

Percentages are based on Net Assets of $162,601,168

* Non-income producing security

Cl — Class

As of August 31, 2021, all of the Fund’s investments were considered Level 1, in accordance with the authoritative guidance under US GAAP

For the period ended August 31, 2021, there have been no transfers in or out of Level 3

For information on the Fund’s policy regarding valuation of investments, fair value hierarchy levels, and other significant accounting policies, please refer to the Fund’s most recent semi-annual or annual financial statements

MER-QH-001-0300

6

6 Meridian 

Small Cap Equity ETF

Schedule of Investments

August 31, 2021 (Unaudited)

Description	Shares		Fair Value
COMMON STOCK — 99.9%
Communication Services — 1.1%
EW Scripps, Cl A		34,396	$	637,702
Consumer Discretionary — 18.4%
Asbury Automotive Group *		3,345		622,973
Buckle		15,919		616,543
Century Communities		9,306		652,351
Conn’s *		29,178		717,779
Dorman Products *		6,605		619,945
Genesco *		12,247		759,681
Group 1 Automotive		3,968		656,466
Haverty Furniture		17,998		641,269
La-Z-Boy, Cl Z		19,224		673,032
M/I Homes *		10,374		667,982
Sally Beauty Holdings *		35,201		654,387
Shoe Carnival		20,524		785,659
Shutterstock		6,166		710,693
Signet Jewelers		10,470		829,224
Sturm Ruger		8,444		660,236
Zumiez *		16,186		650,515
				10,918,735
Consumer Staples — 5.6%
Coca-Cola Consolidated		1,675		680,318
J & J Snack Foods		4,020		658,315
National Beverage		14,853		691,408
USANA Health Sciences *		6,807		660,483
WD-40		2,691		644,844
				3,335,368
Energy — 2.1%
Dorian LPG *		49,298		651,720
Helix Energy Solutions Group *		161,049		605,544
				1,257,264
Financials — 22.0%
American Equity Investment Life Holding		20,489		649,296
Axos Financial *		13,801		669,072
BankUnited		16,190		680,466
Banner		12,308		704,018
Cadence BanCorp, Cl A		34,524		742,610
Customers Bancorp *		17,143		709,892
Encore Capital Group *		13,804		679,294
Enova International *		20,420		673,452
First Financial Bancorp		28,969		681,061
Flagstar Bancorp		13,872		686,110
Great Western Bancorp		21,045		651,553
Hilltop Holdings		20,305		679,608
Meta Financial Group		13,442		661,212
Piper Sandler		4,949		707,311
S&T Bancorp		22,480		669,904
Safety Insurance Group		8,397		682,760
Stewart Information Services		22,689		1,428,273
Virtus Investment Partners		2,268		709,204
				13,065,096
Health Care — 12.3%
Cardiovascular Systems *		17,022		609,217
CorVel *		4,198		691,872
HealthStream *		21,790		662,198
LeMaitre Vascular		11,680		661,322
Magellan Health *		6,829		646,160
Mesa Laboratories		2,268		605,375
ModivCare *		3,620		714,081
NeoGenomics *		13,598		661,135
Omnicell *		4,332		672,630
Prestige Consumer Healthcare *		12,153		697,460
Supernus Pharmaceuticals *		23,760		654,113
				7,275,563
Industrials — 10.1%
ABM Industries		13,835		685,109
Aerojet Rocketdyne Holdings		13,879		576,256
ArcBest		9,902		660,760
Atlas Air Worldwide Holdings *		9,599		702,359
Boise Cascade		12,299		711,497
Hub Group, Cl A *		10,207		716,531
Kelly Services, Cl A		30,004		583,278
ManTech International, Cl A		7,786		616,418
Matson		9,222		730,106
				5,982,314
Information Technology — 10.4%
Alarmcom Holdings *		7,691		648,582
Bel Fuse, Cl B		47,874		675,981
BM Technologies *		0		3
CSG Systems International		14,533		700,636
EVERTEC		14,356		663,965
ExlService Holdings *		5,627		692,909
NETGEAR*		18,914		675,797
Sanmina *		17,026		672,186
SPS Commerce *		5,756		780,111
TTM Technologies *		46,063		644,882
				6,155,052
Materials — 3.5%
AdvanSix *		18,460		673,790
Balchem		4,937		693,254
Koppers Holdings *		21,805		717,384
				2,084,428
Real Estate — 7.8%
CareTrust ‡		28,362		623,680

7

6 Meridian 

Small Cap Equity ETF

Schedule of Investments

August 31, 2021 (Unaudited)

Description	Shares		Fair Value
Real Estate (continued)
Centerspace ‡		7,044	$	712,713
Community Healthcare Trust ‡		13,318		646,056
Getty Realty ‡		20,868		660,055
Independence Realty Trust ‡		32,600		667,648
Lexington Realty Trust ‡		49,525		670,073
Safehold ‡		7,033		630,227
				4,610,452
Utilities — 6.6%
American States Water		7,156		659,855
Avista		15,111		632,395
California Water Service Group		10,001		635,564
Chesapeake Utilities		5,076		663,433
Middlesex Water		6,038		660,617
Unitil		12,862		637,956
				3,889,820
Total Common Stock
(Cost $53,426,592)				59,211,794
SHORT-TERM INVESTMENT — 0.1%
Invesco Government & Agency, CI Institutional, 0.03%		85,951		85,951
Total Short-Term Investment
(Cost $85,951)				85,951
Total Investments - 100.0%
(Cost $53,512,543)			$	59,297,745

Percentages are based on Net Assets of $59,273,610

‡ Real Estate Investment Trust 

* Non-income producing security

Cl — Class

As of August 31, 2021, all of the Fund’s investments were considered Level 1, in accordance with the authoritative guidance under US GAAP

For the period ended August 31, 2021, there have been no transfers in or out of Level 3

For information on the Fund’s policy regarding valuation of investments, fair value hierarchy levels, and other significant accounting policies, please refer to the Fund’s most recent semi-annual or annual financial statements

MER-QH-001-0300

8

6 Meridian 

Quality Growth ETF

Schedule of Investments

August 31, 2021 (Unaudited)

Description	Shares		Fair Value
COMMON STOCK — 99.7%
Communication Services — 10.0%
Alphabet, Cl A *		291	$	842,139
Facebook, Cl A *		2,175		825,152
				1,667,291
Consumer Discretionary — 23.9%
Acushnet Holdings		240		11,990
Best Buy		1,579		183,969
Crocs *		428		61,127
Deckers Outdoor *		195		81,598
iRobot *		195		15,818
Lowe’s		3,742		762,957
Lululemon Athletica *		893		357,352
NIKE, Cl B		4,539		747,754
NVR*		23		119,139
O’Reilly Automotive *		488		289,911
Pool		280		138,404
Revolve Group, Cl A *		559		32,120
Shutterstock		170		19,594
Skyline Champion *		378		23,708
Sleep Number *		157		14,524
Sturm Ruger		116		9,070
Target		2,736		675,737
Tempur Sealy International		1,376		61,507
Wayfair, Cl A *		682		191,472
Williams-Sonoma		535		99,885
XPEL*		122		9,270
YETI Holdings *		566		56,227
				3,963,133
Consumer Staples — 8.1%
Costco Wholesale		1,618		736,982
Hershey		1,460		259,442
Lancaster Colony		140		24,814
Medifast		88		20,055
Monster Beverage *		2,531		246,950
Nu Skin Enterprises, Cl A		329		16,654
Sprouts Farmers Market *		832		20,717
WD-40		94		22,525
				1,348,139
Energy — 0.3%
Texas Pacific Land		41		55,749
Financials — 8.0%
Blackstone Group, Cl A		6,227		782,921
Cohen & Steers		166		14,560
FactSet Research Systems		263		99,998
Houlihan Lokey, Cl A		479		43,206
Moelis, Cl A		511		31,656
PJT Partners		255		20,140
T Rowe Price Group		1,561		349,461
				1,341,942
Health Care — 16.6%
ABIOMED*		302		109,916
Amedisys *		305		55,952
Blueprint Medicines *		376		35,070
Chemed		111		52,914
Corcept Therapeutics *		742		15,790
CorVel *		64		10,548
Edwards Lifesciences *		4,381		513,365
Globus Medical, Cl A *		705		57,528
HealthEquity *		572		36,705
Inari Medical *		213		17,436
Intuitive Surgical *		627		660,581
Karuna Therapeutics *		146		17,359
Masimo *		365		99,112
Mettler-Toledo International *		161		250,006
ModivCare *		87		17,162
NuVasive *		370		22,992
Seagen *		960		160,896
STAAR Surgical *		289		44,642
Veeva Systems, Cl A *		1,089		361,526
West Pharmaceutical Services		525		237,101
				2,776,601
Industrials — 8.8%
AAON		272		18,526
Copart *		1,528		220,521
Expeditors International of Washington		1,213		151,188
Exponent		354		41,383
Fastenal		4,089		228,371
Graco		1,216		95,358
Healthcare Services Group		513		13,420
Landstar System		270		45,368
Old Dominion Freight Line		736		212,498
Robert Half International		758		78,377
Rollins		1,735		67,526
Simpson Manufacturing		304		34,398
Toro		752		82,675
Watts Water Technologies, Cl A		226		38,775
WW Grainger		310		134,447
				1,462,831
Information Technology — 23.5%
Accenture PLC, Cl A		2,211		744,134
Adobe *		1,252		830,951
Arista Networks *		406		150,028
Aspen Technology *		475		61,513
Badger Meter		202		21,632
Cadence Design Systems *		1,946		318,132
EPAM Systems *		369		233,507
Extreme Networks *		844		9,141

9

6 Meridian 

Quality Growth ETF

Schedule of Investments

August 31, 2021 (Unaudited)

Description	Shares		Fair Value
Information Technology (continued)
Manhattan Associates *		432	$	70,412
Maximus		442		38,494
Nuance Communications *		2,013		110,816
SPS Commerce *		248		33,611
Texas Instruments		3,688		704,076
Ubiquiti		46		14,967
Wixcom *		421		93,496
Zoom Video Communications, Cl A *		1,669		483,176
				3,918,086
Materials — 0.4%
Balchem		223		31,314
Louisiana-Pacific		653		41,426
				72,740
Real Estate — 0.1%
eXp World Holdings		457		20,953
Total Common Stock
(Cost $15,925,834)				16,627,465
SHORT-TERM INVESTMENT — 0.4%
Invesco Government & Agency, CI Institutional, 0.03%		68,744		68,744
Total Short-Term Investment
(Cost $68,744)				68,744
Total Investments - 100.1%
(Cost $15,994,578)			$	16,696,209

Percentages are based on Net Assets of $16,678,537

* Non-income producing security

Cl — Class 

PLC — Public Limited Company

As of August 31, 2021, all of the Fund’s investments were considered Level 1, in accordance with the authoritative guidance under US GAAP.

For the period ended August 31, 2021, there have been no transfers in or out of Level 3.

For information on the Fund’s policy regarding valuation of investments, fair value hierarchy levels, and other significant accounting policies, please refer to the Fund’s most recent semi-annual or annual financial statements.

MER-QH-001-0300

10