NPORT-EX 2 6_Meridian_Sched_F.htm SCHEDULE F

 

ETC 6 Meridian

Hedged Equity-Index Option Strategy ETF

Schedule of Investments

February 29, 2024 (Unaudited)

 

 

Description  Shares   Fair Value 
         
COMMON STOCK — 100.1%
         
Communication Services — 9.6%
Alphabet, Cl A(A) *    70,337   $9,738,861 
Comcast, Cl A    106,231    4,551,998 
Meta Platforms, Cl A(A)    25,150    12,326,770 
Netflix*    8,747    5,273,741 
T-Mobile US    30,549    4,988,652 
           36,880,022 
Consumer Discretionary — 10.9%
Amazon.com(A) *    62,335    11,018,334 
Booking Holdings*    1,395    4,839,018 
General Motors    127,712    5,233,638 
Home Depot    13,787    5,247,470 
Lowe's(A)    22,541    5,424,943 
McDonald's(A)    16,654    4,867,631 
Tesla*    26,285    5,306,416 
         41,937,450 
Consumer Staples — 19.2%
Altria Group(A)    237,985    9,735,966 
Coca-Cola(A)    162,820    9,772,456 
Colgate-Palmolive(A)    115,290    9,974,891 
Costco Wholesale    7,047    5,242,193 
Kraft Heinz(A)    262,943    9,276,629 
Mondelez International, Cl A    64,857    4,739,101 
PepsiCo(A)    57,826    9,560,951 
Procter & Gamble    31,186    4,956,703 
Walmart(A)    176,969    10,372,153 
         73,631,043 
Energy — 7.9%
Chevron    67,136    10,205,344 
ConocoPhillips(A)    89,143    10,032,153 
Exxon Mobil(A)    96,970    10,135,304 
         30,372,801 
Financials — 6.7%
American Express    24,428    5,359,992 
Berkshire Hathaway, Cl B*    12,846    5,259,152 
Capital One Financial    36,892    5,076,708 
Citigroup    88,551    4,913,695 
Morgan Stanley    57,178    4,919,595 
         25,529,142 
Health Care — 15.9%
AbbVie(A)    59,244    10,429,906 
CVS Health    67,156    4,994,392 
Eli Lilly(A)    22,551    16,996,238 
Gilead Sciences(A)    127,031    9,158,935 
Johnson & Johnson(A)    31,347    5,058,779 
Medtronic PLC    56,353    4,697,586 

 

Description  Shares   Fair Value 
Health Care (continued)
Merck(A)   39,280   $4,994,452 
UnitedHealth Group   9,789    4,831,850 
         61,162,138 
Industrials — 8.2%
Caterpillar   16,134    5,388,111 
Deere   12,610    4,603,281 
Emerson Electric   52,946    5,657,280 
General Electric(A)   36,660    5,751,587 
Lockheed Martin(A)   11,551    4,946,600 
United Parcel Service, Cl B   34,858    5,168,047 
         31,514,906 
Information Technology — 20.3%
Accenture PLC, Cl A   13,384    5,016,056 
Adobe(A) *   15,812    8,859,148 
Advanced Micro Devices*   29,119    5,606,281 
Apple(A)   53,135    9,604,151 
Broadcom   4,137    5,380,127 
Cisco Systems   98,927    4,785,099 
International Business Machines(A)   26,561    4,914,582 
Microsoft   12,294    5,085,290 
NVIDIA   15,753    12,462,514 
QUALCOMM   35,179    5,550,894 
Salesforce*   17,492    5,401,879 
Texas Instruments(A)   31,086    5,201,620 
         77,867,641 
Real Estate — 1.4%
Simon Property Group‡,(A)   35,611    5,275,414 
           
Total Common Stock          
(Cost $336,847,562)        384,170,557 
           
EXCHANGE TRADED FUND — 1.4%
SPDR Bloomberg 1-3 Month T-Bill ETF   59,477    5,458,799 
           
Total Exchange Traded Fund
(Cost $5,437,937)		        5,458,799 
           
SHORT-TERM INVESTMENT — 0.3%
Invesco Government & Agency Portfolio, Institutional Class Class, 5.24%(B)   1,036,591    1,036,591 
           
Total Short-Term Investment
(Cost $1,036,591)		        1,036,591 

1

 

 

ETC 6 Meridian

Hedged Equity-Index Option Strategy ETF

Schedule of Investments

February 29, 2024 (Unaudited) (Concluded)

 

 

Description      Fair Value 
 
Total Investments - 101.8%        
(Cost $343,322,090)               $  390,665,947 
           
WRITTEN OPTION — -1.7%
Total Written Option          
(Premiums Received $6,164,586)       $(6,431,630)

 

A list of the Exchange Traded Option Contracts held by the Fund at February 29, 2024, is as follows:

 

Description  Number of
Contracts		   Notional
Amount		   Exercise
Price		   Expiration
Date		  Value 
WRITTEN OPTION — (1.7)%                   
Call Option                   
S&P 500 Index   (758)  $386,297,266   $5,120   04/19/24  $(6,431,630)
Total Written Option                    $(6,431,630)
(Premiums Received $6,164,586)                       

 

Percentages are based on Net Assets of $383,915,140.

 

* Non-income producing security.
‡ Real Estate Investment Trust
(A) All or a portion of these securities has been pledged as collateral on written options with a fair value of $70,429,154.
(B) The rate reported is the 7-day effective yield as of February 29, 2024.

 

Cl — Class
ETF — Exchange Traded Fund
PLC — Public Limited Company
S&P — Standard & Poor's
SPDR — Standard & Poor's Depository Receipt

 

MER-QH-001-0800

2

 

 

ETC 6 Meridian

Low Beta Equity Strategy ETF

Schedule of Investments

February 29, 2024 (Unaudited)

 

 

Description  Shares   Fair Value 
         
COMMON STOCK — 99.3%
         
Communication Services — 4.4%
AT&T   42,561   $720,558 
ATN International   15,635    524,398 
Electronic Arts   4,861    678,012 
Iridium Communications   11,989    347,082 
Madison Square Garden Sports*   3,121    587,341 
Marcus   36,645    537,582 
New York Times, Cl A   14,789    654,857 
Scholastic   13,548    534,333 
TEGNA   34,825    487,898 
T-Mobile US   4,427    722,929 
Verizon Communications   18,266    731,005 
         6,525,995 
Consumer Discretionary — 7.4%          
Adtalem Global Education*   13,223    654,539 
Grand Canyon Education*   5,209    702,173 
McDonald's   2,076    606,773 
Monro   16,870    566,326 
Murphy USA   1,982    826,514 
O'Reilly Automotive*   644    700,298 
Perdoceo Education   37,404    666,165 
Service International   9,135    668,591 
Strategic Education   7,921    877,567 
Stride*   15,173    906,586 
Sturm Ruger   10,783    467,120 
Texas Roadhouse, Cl A   5,460    815,560 
Ulta Beauty*   1,359    745,493 
Valvoline*   16,262    693,412 
Wendy's   27,598    499,800 
Yum! Brands   4,435    613,893 
           11,010,810 
Consumer Staples — 18.9%          
Altria Group   13,542    554,003 
BellRing Brands*   16,644    947,876 
BJ's Wholesale Club Holdings*   8,760    639,830 
Calavo Growers   15,889    458,557 
Cal-Maine Foods   16,980    976,181 
Campbell Soup   13,197    562,720 
Casey's General Stores   2,444    744,175 
Church & Dwight   6,297    630,456 
Clorox   3,633    556,975 
Coca-Cola   9,815    589,096 
Coca-Cola Consolidated   857    720,565 
Colgate-Palmolive   7,813    675,980 
Conagra Brands   18,442    517,851 
Edgewell Personal Care   15,349    586,178 
Flowers Foods   23,891    535,636 
Description  Shares   Fair Value 
Consumer Staples (continued)
Fresh Del Monte Produce   21,357   $511,073 
General Mills   8,097    519,665 
Grocery Outlet Holding*   17,904    461,744 
Hershey   2,611    490,659 
Hormel Foods   14,698    519,133 
Ingredion   5,440    639,907 
J & J Snack Foods   3,448    500,236 
J M Smucker   3,987    479,118 
John B Sanfilippo & Son   5,568    569,996 
Kellanova   9,649    532,142 
Keurig Dr Pepper   17,734    530,424 
Kimberly-Clark   4,663    565,016 
Kraft Heinz   16,889    595,844 
Kroger   12,040    597,304 
Lamb Weston Holdings   7,110    726,714 
Lancaster Colony   3,082    637,727 
McCormick   6,822    469,763 
MGP Ingredients   4,945    421,215 
Molson Coors Beverage, Cl B   9,123    569,458 
Mondelez International, Cl A   8,061    589,017 
National Beverage*   11,206    589,884 
PepsiCo   3,228    533,718 
Philip Morris International   6,193    557,122 
Post Holdings*   6,817    710,060 
Procter & Gamble   3,837    609,853 
Simply Good Foods*   15,553    551,820 
SpartanNash   26,648    561,473 
Sprouts Farmers Market*   15,676    978,810 
Tootsie Roll Industries   17,422    566,563 
TreeHouse Foods*   11,452    409,867 
Universal   12,138    582,746 
USANA Health Sciences*   8,989    433,809 
Walmart   11,289    661,648 
           28,369,607 
Financials — 14.9%          
Ambac Financial Group*   42,409    693,811 
American Financial Group   5,344    682,268 
AMERISAFE   11,059    583,473 
Arch Capital Group*   7,767    680,312 
Cboe Global Markets   4,093    785,855 
Chubb   2,966    746,453 
City Holding   6,123    615,239 
CME Group, Cl A   2,906    640,337 
Employers Holdings   15,243    696,758 
Erie Indemnity, Cl A   2,014    819,456 
Everest Group   1,677    618,612 
EZCORP, Cl A*   64,556    677,192 
Federated Hermes, Cl B   18,056    636,113 
FirstCash Holdings   5,968    683,336 
Globe Life   5,246    665,875 

3

 

 

ETC 6 Meridian

Low Beta Equity Strategy ETF

Schedule of Investments

February 29, 2024 (Unaudited) (Continued)

 

 

Description  Shares   Fair Value 
Financials (continued)
Hanover Insurance Group   5,304   $697,317 
Horace Mann Educators   20,682    748,482 
Interactive Brokers Group, Cl A   6,672    725,380 
Mercury General   19,517    950,283 
Northfield Bancorp   50,283    507,858 
Old Republic International   21,303    616,935 
Progressive   4,709    892,638 
Reinsurance Group of America, Cl A   4,246    750,905 
RenaissanceRe Holdings   3,086    693,795 
RLI   4,383    641,890 
Safety Insurance Group   8,215    674,944 
Selective Insurance Group   5,768    602,641 
Travelers   3,533    780,652 
United Fire Group   28,660    667,491 
Unum Group   11,841    585,537 
WisdomTree   91,810    739,989 
WR Berkley   9,626    804,734 
           22,306,561 
Health Care — 21.4%          
AbbVie   4,033    710,010 
Acadia Healthcare*   7,772    648,573 
Addus HomeCare*   6,351    586,070 
Amedisys*   6,486    603,328 
Amgen   2,449    670,610 
AMN Healthcare Services*   6,627    372,901 
Amphastar Pharmaceuticals*   9,487    441,810 
Boston Scientific*   11,748    777,835 
Bristol-Myers Squibb   9,850    499,888 
Cardinal Health   6,530    731,229 
Chemed   1,159    725,685 
Cigna Group   2,079    698,835 
Corcept Therapeutics*   19,104    448,944 
CorVel*   2,790    680,760 
Cross Country Healthcare*   43,269    790,525 
Elevance Health   1,286    644,608 
Eli Lilly   1,326    999,379 
Encompass Health   8,482    631,061 
Enhabit*   43,748    393,732 
Ensign Group   6,147    767,883 
Exelixis*   29,396    643,772 
Gilead Sciences   7,573    546,013 
Haemonetics*   6,632    484,003 
Halozyme Therapeutics*   14,050    559,331 
Harmony Biosciences Holdings*   17,734    569,261 
HealthEquity*   8,897    734,981 
HealthStream   26,157    713,563 
Humana   1,230    430,894 
Incyte*   9,364    546,483 
Innoviva*   43,909    670,930 
Description  Shares   Fair Value 
Health Care (continued)
Ironwood Pharmaceuticals, Cl A*   53,535   $504,835 
Jazz Pharmaceuticals*   4,579    544,443 
Johnson & Johnson   3,525    568,865 
LeMaitre Vascular   10,477    733,390 
LivaNova*   10,437    572,052 
McKesson   1,413    736,752 
Merck   5,675    721,576 
Molina Healthcare*   1,967    774,821 
Neurocrine Biosciences*   5,863    764,535 
Option Care Health*   17,850    576,020 
Pacira BioSciences*   15,092    448,534 
Perrigo PLC   16,338    429,036 
Prestige Consumer Healthcare*   8,851    615,853 
Quest Diagnostics   4,393    548,642 
Regeneron Pharmaceuticals*   777    750,652 
Supernus Pharmaceuticals*   18,516    549,925 
UFP Technologies*   3,267    680,549 
United Therapeutics*   2,521    568,838 
UnitedHealth Group   1,185    584,916 
Vanda Pharmaceuticals*   101,681    454,514 
Varex Imaging*   26,260    451,672 
Vertex Pharmaceuticals*   1,750    736,295 
           32,039,612 
Industrials — 10.2%          
Brady, Cl A   11,734    683,858 
BWX Technologies   8,068    813,497 
CACI International, Cl A*   1,681    630,123 
Curtiss-Wright   2,945    695,815 
Exponent   6,756    546,493 
FTI Consulting*   3,233    668,843 
General Dynamics   2,660    726,845 
Genpact   16,446    559,164 
Huntington Ingalls Industries   2,627    766,087 
KBR   9,692    581,811 
L3Harris Technologies   3,196    676,465 
Leidos Holdings   6,136    784,548 
Lockheed Martin   1,337    572,557 
MAXIMUS   7,486    626,279 
MDU Resources Group   28,360    614,845 
National Presto Industries   7,449    576,031 
Northrop Grumman   1,359    626,526 
Republic Services, Cl A   4,012    736,603 
Rollins   14,793    651,928 
RTX   7,047    631,904 
Science Applications International   4,896    685,244 
UniFirst   3,604    608,067 
Waste Management   3,714    763,783 
         15,227,316 

4

 

 

ETC 6 Meridian

Low Beta Equity Strategy ETF

Schedule of Investments

February 29, 2024 (Unaudited) (Concluded)

 

 

Description  Shares   Fair Value 
Information Technology — 4.4%
A10 Networks   37,664   $501,308 
Agilysys*   8,062    627,224 
Aspen Technology*   3,163    613,274 
CommVault Systems*   8,398    803,772 
Harmonic*   53,874    707,366 
Insight Enterprises*   4,180    785,840 
International Business Machines   4,131    764,359 
NetScout Systems*   21,288    460,885 
PC Connection   11,443    759,586 
Progress Software   9,857    525,970 
           6,549,584 
Materials — 3.0%          
AptarGroup   4,939    693,732 
Corteva   10,636    569,239 
Graphic Packaging Holding   25,761    668,498 
Greif, Cl A   7,955    512,779 
NewMarket   1,305    837,379 
Royal Gold   5,255    539,321 
Silgan Holdings   13,564    595,595 
         4,416,543 
Real Estate — 3.7%          
CareTrust‡   29,123    657,015 
Community Healthcare Trust‡   16,347    443,658 
Easterly Government Properties, Cl A‡   41,264    486,915 
Equity LifeStyle Properties‡   8,572    577,067 
Four Corners Property Trust‡   23,284    563,007 
Getty Realty‡   19,018    501,314 
LTC Properties‡   17,670    555,898 
NNN REIT‡   14,778    601,317 
Omega Healthcare Investors‡   18,832    586,052 
Universal Health Realty Income Trust‡   12,544    486,456 
           5,458,699 
Utilities — 11.0%          
ALLETE   10,686    605,254 
American States Water   6,929    494,800 
Atmos Energy   5,081    573,696 
Avista   16,087    534,088 
Black Hills   10,474    544,962 
California Water Service Group   11,579    531,360 
CenterPoint Energy   20,525    564,438 
Chesapeake Utilities   5,287    539,433 
CMS Energy   10,321    592,116 
Consolidated Edison   6,672    581,865 
Duke Energy   6,661    611,679 
Evergy   10,399    515,166 
Hawaiian Electric Industries   16,065    195,672 
IDACORP   6,042    532,361 
Middlesex Water   7,450    379,131 
Description  Shares   Fair Value 
Utilities (continued)
National Fuel Gas   11,018   $537,017 
New Jersey Resources   13,372    556,409 
Northwest Natural Holding   14,417    529,681 
Northwestern Energy Group   10,974    525,874 
OGE Energy   17,181    565,427 
ONE Gas   7,692    458,443 
Otter Tail   6,644    601,016 
PNM Resources   13,441    490,731 
Portland General Electric   12,786    513,614 
SJW Group   8,603    473,681 
Southern   8,783    590,657 
Spire   9,805    581,632 
Unitil   11,922    607,545 
Vistra   18,638    1,016,517 
WEC Energy Group   6,828    535,930 
         16,380,195 
           
Total Common Stock          
(Cost $140,464,512)        148,284,922 
           
SHORT-TERM INVESTMENT — 0.3%          
Invesco Government & Agency Portfolio, Institutional Class Class, 5.24%(A)   435,689    435,689 
           
Total Short-Term Investment
(Cost $435,689)		        435,689 
           
Total Investments - 99.6%          
(Cost $140,900,201)       $  148,720,611 

 

Percentages are based on Net Assets of $149,315,858.

 

 

* Non-income producing security.
‡ Real Estate Investment Trust
(A) The rate reported is the 7-day effective yield as of February 29, 2024.

 

 

Cl — Class
PLC — Public Limited Company
REIT — Real Estate Investment Trust

 

MER-QH-001-0800

5

 

 

ETC 6 Meridian

Mega Cap Equity ETF

Schedule of Investments

February 29, 2024 (Unaudited)

 

 

Description  Shares   Fair Value 
         
COMMON STOCK — 99.7%
         
Communication Services — 9.6%
Alphabet, Cl A*   40,426   $5,597,384 
Comcast, Cl A   61,057    2,616,292 
Meta Platforms, Cl A   14,455    7,084,830 
Netflix*   5,027    3,030,879 
T-Mobile US   17,558    2,867,221 
           21,196,606 
Consumer Discretionary — 10.9%          
Amazon.com*   35,827    6,332,781 
Booking Holdings*   801    2,778,533 
General Motors   73,403    3,008,055 
Home Depot   7,924    3,015,954 
Lowe's   12,955    3,117,879 
McDonald's   9,571    2,797,412 
Tesla*   15,107    3,049,801 
         24,100,415 
Consumer Staples — 19.1%          
Altria Group   136,783    5,595,793 
Coca-Cola   93,581    5,616,732 
Colgate-Palmolive   66,263    5,733,074 
Costco Wholesale   4,050    3,012,755 
Kraft Heinz   151,128    5,331,796 
Mondelez International, Cl A   37,277    2,723,830 
PepsiCo   33,236    5,495,240 
Procter & Gamble   17,924    2,848,841 
Walmart   101,715    5,961,516 
         42,319,577 
Energy — 7.9%          
Chevron   38,587    5,865,610 
ConocoPhillips   51,235    5,765,987 
Exxon Mobil   55,733    5,825,213 
         17,456,810 
Financials — 6.6%          
American Express   14,039    3,080,436 
Berkshire Hathaway, Cl B*   7,382    3,022,191 
Capital One Financial   21,203    2,917,745 
Citigroup   50,895    2,824,164 
Morgan Stanley   32,863    2,827,533 
         14,672,069 
Health Care — 15.9%          
AbbVie   34,051    5,994,679 
CVS Health   38,598    2,870,533 
Eli Lilly   12,960    9,767,693 
Gilead Sciences   73,011    5,264,093 
Johnson & Johnson   18,017    2,907,583 
Medtronic PLC   32,389    2,699,947 
Description  Shares   Fair Value 
Health Care (continued)
Merck   22,576   $2,870,538 
UnitedHealth Group   5,626    2,776,994 
         35,152,060 
Industrials — 8.2%          
Caterpillar   9,273    3,096,811 
Deere   7,247    2,645,517 
Emerson Electric   30,430    3,251,446 
General Electric   21,071    3,305,829 
Lockheed Martin   6,638    2,842,657 
United Parcel Service, Cl B   20,035    2,970,389 
         18,112,649 
Information Technology — 20.1%          
Accenture PLC, Cl A   7,692    2,882,808 
Adobe*   9,088    5,091,825 
Advanced Micro Devices*   16,736    3,222,182 
Apple   30,539    5,519,924 
Broadcom   2,377    3,091,265 
Cisco Systems   56,859    2,750,270 
International Business Machines   15,266    2,824,668 
Microsoft   7,066    2,922,780 
NVIDIA   9,054    7,162,800 
QUALCOMM   20,219    3,190,356 
Salesforce*   10,053    3,104,567 
Texas Instruments   17,866    2,989,518 
         44,752,963 
Real Estate — 1.4%          
Simon Property Group‡   20,467    3,031,981 
           
Total Common Stock          
(Cost $193,910,651)        220,795,130 
           
SHORT-TERM INVESTMENT — 0.2%          
Invesco Government & Agency Portfolio, Institutional Class Class, 5.24%(A)   503,041    503,041 
           
Total Short-Term Investment
(Cost $503,041)		        503,041 
           
Total Investments - 99.9%          
(Cost $194,413,692)       $  221,298,171 

 

Percentages are based on Net Assets of $221,523,226

 

 

* Non-income producing security.
‡ Real Estate Investment Trust
(A) The rate reported is the 7-day effective yield as of February 29, 2024.

6

 

 

6 Meridian

Mega Cap Equity ETF

Schedule of Investments

February 29, 2024 (Unaudited) (Concluded)

 

 

 

Cl — Class
PLC — Public Limited Company

 

MER-QH-001-0800

 

7

 

 

ETC 6 Meridian

Small Cap Equity ETF

Schedule of Investments

February 29, 2024 (Unaudited)

 

 

Description  Shares   Fair Value 
         
COMMON STOCK — 99.7%
         
Communication Services — 3.7%
ATN International   20,918   $701,590 
Madison Square Garden Sports*   6,793    1,278,374 
Scholastic   18,002    709,999 
         2,689,963 
Consumer Discretionary — 16.1%
Buckle   21,948    898,551 
Century Communities   10,587    913,552 
Ethan Allen Interiors   22,122    739,538 
M*   8,307    1,054,907 
MDC Holdings   15,869    994,987 
Meritage Homes   5,450    859,247 
Movado Group   28,610    821,393 
Patrick Industries   9,302    1,115,682 
Perdoceo Education   56,542    1,007,013 
Strategic Education   10,454    1,158,199 
Stride*   20,141    1,203,424 
Tri Pointe Homes*   25,716    909,832 
           11,676,325 
Consumer Staples — 12.5%
Andersons   14,953    826,602 
Cal-Maine Foods   22,817    1,311,748 
Edgewell Personal Care   19,078    728,589 
Fresh Del Monte Produce   28,464    681,144 
J & J Snack Foods   4,502    653,150 
John B Sanfilippo & Son   7,288    746,073 
Medifast   13,575    544,222 
National Beverage*   14,628    770,018 
SpartanNash   35,489    747,753 
Tootsie Roll Industries   22,946    746,208 
TreeHouse Foods*   15,168    542,863 
Universal   15,881    762,447 
         9,060,817 
Energy — 12.7%
California Resources   15,112    788,393 
Civitas Resources   10,885    747,582 
Comstock Resources   65,248    557,870 
CONSOL Energy   9,786    839,835 
CVR Energy   21,475    712,541 
Dorian LPG   28,199    1,019,393 
FutureFuel   81,510    483,354 
Par Pacific Holdings*   24,615    889,094 
RPC   94,511    698,436 
SM Energy   21,130    924,860 
US Silica Holdings*   61,869    711,494 
World Kinect   35,827    872,746 
         9,245,598 
Description   Shares    Fair Value 
Financials — 12.2%
Ambac Financial Group*   56,379   $922,360 
AMERISAFE   14,704    775,783 
Bread Financial Holdings   20,891    799,707 
Employers Holdings   20,178    922,336 
Enova International*   14,587    922,628 
Genworth Financial, Cl A*   131,587    809,260 
Horace Mann Educators   27,703    1,002,572 
Mr Cooper Group*   13,272    946,028 
Radian Group   28,683    835,823 
Safety Insurance Group   10,905    895,955 
         8,832,452 
Health Care — 16.4%
Addus HomeCare*   8,320    767,770 
Amphastar Pharmaceuticals*   12,494    581,846 
Corcept Therapeutics*   25,230    592,905 
Cross Country Healthcare*   35,827    654,559 
Dynavax Technologies*   58,865    745,820 
Enhabit*   58,299    524,691 
Harmony Biosciences Holdings*   24,207    777,045 
HealthStream   34,135    931,203 
Innoviva*   120,150    1,835,891 
Ironwood Pharmaceuticals, Cl A*   143,831    1,356,325 
LeMaitre Vascular   13,774    964,180 
Prestige Consumer Healthcare*   11,850    824,522 
Supernus Pharmaceuticals*   24,745    734,927 
Vanda Pharmaceuticals*   139,755    624,705 
           11,916,389 
Industrials — 9.0%
Boise Cascade   7,166    973,931 
Encore Wire   4,774    1,150,534 
Matson   8,208    911,498 
Mueller Industries   20,065    1,030,940 
Resources Connection   48,836    675,402 
Titan International*   68,538    874,545 
Wabash National   32,992    900,022 
         6,516,872 
Information Technology — 2.6%
Agilysys*   10,775    838,295 
Insight Enterprises*   5,662    1,064,456 
         1,902,751 
Materials — 3.8%
AdvanSix   20,013    559,964 
Olympic Steel   15,545    1,057,371 
Warrior Met Coal   20,617    1,174,550 
         2,791,885 
Real Estate — 5.0%
CareTrust‡   38,094    859,401 
Community Healthcare Trust‡   21,870    593,552 

8

 

 

ETC 6 Meridian

Small Cap Equity ETF

Schedule of Investments

February 29, 2024 (Unaudited) (Concluded)

 

 

Description   Shares    Fair Value 
Real Estate (continued)
Four Corners Property Trust‡   30,996   $749,483 
Getty Realty‡   25,245    665,458 
LTC Properties‡   23,402    736,227 
         3,604,121 
Utilities — 5.7%
American States Water   9,171    654,901 
Avista   20,879    693,183 
Chesapeake Utilities   6,854    699,314 
Northwest Natural Holding   18,553    681,637 
SJW Group   11,451    630,492 
Unitil   15,896    810,060 
         4,169,587 
           
Total Common Stock          
(Cost $68,265,103)         72,406,760 
           
SHORT-TERM INVESTMENT — 0.3%
Invesco Government & Agency Portfolio, Institutional Class Class, 5.24%(A)   225,153    225,153 
           
Total Short-Term Investment
(Cost $225,153) 		        225,153 
           
Total Investments - 100.0%          
(Cost $68,490,256)       $  72,631,913 
           

Percentages are based on Net Assets of $72,636,380

 

* Non-income producing security.
‡ Real Estate Investment Trust
(A) The rate reported is the 7-day effective yield as of February 29, 2024.

 

Cl — Class

 

MER-QH-001-0800

9

 

 

ETC 6 Meridian

Quality Growth ETF

Schedule of Investments

February 29, 2024 (Unaudited)

 

 

Description  Shares   Fair Value 
         
COMMON STOCK†† — 100.0%
         
Communication Services — 4.5%
Alphabet, Cl A*   11,232   $  1,555,183 
Cargurus, Cl A*   1,764    39,055 
Yelp, Cl A*   826    31,751 
         1,625,989 
Consumer Discretionary — 5.7%          
Cavco Industries*   109    40,610 
Deckers Outdoor*   334    299,127 
Grand Canyon Education*   391    52,707 
Home Depot   90    34,255 
Lululemon Athletica*   1,604    749,212 
Murphy USA   267    111,342 
NVR*   41    312,649 
Skyline Champion*   698    58,485 
Ulta Beauty*   668    366,438 
XPEL*   273    14,354 
         2,039,179 
Consumer Staples — 4.1%          
Cal-Maine Foods   623    35,816 
Celsius Holdings*   2,198    179,401 
Coca-Cola Consolidated   62    52,130 
Kimberly-Clark   4,599    557,261 
Lancaster Colony   263    54,420 
Monster Beverage*   10,034    593,009 
National Beverage*   313    16,476 
         1,488,513 
Energy — 1.8%          
Cheniere Energy   3,121    484,379 
Crescent Energy, Cl A   1,665    18,615 
Par Pacific Holdings*   737    26,620 
Texas Pacific Land   68    107,129 
         636,743 
Financials — 11.6%          
Apollo Global Management   4,925    550,615 
Kinsale Capital Group   293    151,241 
Mastercard, Cl A   3,406    1,617,033 
PJT Partners   504    53,122 
StoneCo, Cl A*   3,807    65,518 
Visa, Cl A   6,116    1,728,626 
         4,166,155 
Health Care — 23.0%          
Axonics*   686    46,607 
Catalyst Pharmaceuticals*   1,301    20,855 
Cencora, Cl A   2,336    550,362 
Chemed   204    127,731 
Corcept Therapeutics*   944    22,184 
Description  Shares   Fair Value 
Health Care (continued)
CorVel*   124   $30,256 
Dynavax Technologies*   1,560    19,765 
Edwards Lifesciences*   8,204    696,273 
Humana   1,618    566,817 
IDEXX Laboratories*   1,135    652,886 
Incyte*   2,538    148,118 
Inmode*   935    20,570 
Inspire Medical Systems*   409    73,227 
Intuitive Surgical*   3,869    1,491,887 
Ironwood Pharmaceuticals, Cl A*   1,798    16,955 
Karuna Therapeutics*   470    147,566 
Lantheus Holdings*   1,023    66,884 
Neurocrine Biosciences*   1,341    174,866 
Regeneron Pharmaceuticals*   1,365    1,318,713 
Shockwave Medical*   501    130,696 
Veeva Systems, Cl A*   2,176    490,710 
Vertex Pharmaceuticals*   3,464    1,457,443 
           8,271,371 
Industrials — 11.4%          
Atkore   549    93,001 
Cintas   1,166    732,960 
Copart*   11,572    615,052 
Expeditors International of Washington   2,047    244,821 
Exponent   685    55,410 
Fastenal   7,800    569,478 
Graco   2,248    205,152 
Landstar System   486    92,437 
Mueller Industries   1,500    77,070 
Old Dominion Freight Line   1,337    591,596 
Rollins   3,561    156,933 
UFP Industries   796    91,245 
WW Grainger   603    586,996 
         4,112,151 
Information Technology — 37.7%          
Accenture PLC, Cl A   4,209    1,577,449 
Adobe*   2,510    1,406,303 
Allegro MicroSystems*   998    31,427 
Apple   8,259    1,492,814 
Arista Networks*   3,207    890,071 
Autodesk*   2,927    755,664 
Axcelis Technologies*   453    51,040 
Badger Meter   389    61,730 
Cadence Design Systems*   3,583    1,090,594 
CommVault Systems*   575    55,033 
Fortinet*   11,355    784,744 
KLA   1,824    1,244,514 
Lattice Semiconductor*   1,802    138,051 
Manhattan Associates*   818    207,224 

10

 

 

ETC 6 Meridian

Quality Growth ETF

Schedule of Investments

February 29, 2024 (Unaudited) (Concluded)

 

 

Description  Shares   Fair Value 
Information Technology (continued)
Monolithic Power Systems   600   $432,024 
PDF Solutions*   447    15,194 
Power Integrations   797    56,954 
Pure Storage, Cl A*   3,866    203,545 
Qualys*   454    78,024 
Rambus*   1,459    86,431 
ServiceNow*   2,205    1,700,805 
SPS Commerce*   489    90,543 
Synopsys*   2,032    1,165,819 
         13,615,997 
Materials — 0.2%          
Alpha Metallurgical Resources   163    61,492 
           
Real Estate — 0.0%          
eXp World Holdings   1,027    13,454 
           
Total Common Stock          
(Cost $28,590,672)        36,031,044 
           
SHORT-TERM INVESTMENT — 0.1%          
Invesco Government & Agency Portfolio, Institutional Class Class, 5.24%(A)   25,852    25,852 
           
Total Short-Term Investment
(Cost $25,852)		        25,852 
           
Total Investments - 100.1%          
(Cost $28,616,524)       $  36,056,896 

 

Percentages are based on Net Assets of $36,032,646.

 

 

†† Narrow industries are utilized for compliance purposes, whereas broad sectors are utilized for reporting.
* Non-income producing security.
(A) The rate reported is the 7-day effective yield as of February 29, 2024.

 

 

Cl — Class
PLC — Public Limited Company

 

MER-QH-001-0800

11