Capital Link
Global Fintech Leaders ETF
Schedule of Investments
February 29, 2024 (Unaudited)
| Description | Shares | Fair Value | ||||||
| COMMON STOCK†† — 99.6% | ||||||||
| Canada — 3.1% | ||||||||
| Materials — 3.1% | ||||||||
| TMX Group | 16,253 | $ | 426,591 | |||||
| China — 4.8% | ||||||||
| Communication Services — 4.8% | ||||||||
| Baidu ADR* | 3,181 | 322,331 | ||||||
| Tencent Holdings | 9,200 | 325,751 | ||||||
| 648,082 | ||||||||
| France — 4.8% | ||||||||
| Financials — 2.4% | ||||||||
| BNP Paribas | 5,418 | 324,697 | ||||||
| Utilities — 2.4% | ||||||||
| Engie | 20,643 | 331,417 | ||||||
| 656,114 | ||||||||
| Germany — 6.2% | ||||||||
| Consumer Discretionary — 3.1% | ||||||||
| Mercedes-Benz Group | 5,330 | 424,743 | ||||||
| Information Technology — 3.1% | ||||||||
| SAP | 2,262 | 423,178 | ||||||
| 847,921 | ||||||||
| Hong Kong — 2.6% | ||||||||
| Financials — 2.6% | ||||||||
| Hong Kong Exchanges & | ||||||||
| Clearing | 11,300 | 350,455 | ||||||
| Japan — 15.7% | ||||||||
| Consumer Discretionary — 6.0% | ||||||||
| HIS(A) * | 28,600 | 327,141 | ||||||
| Rakuten Group* | 90,000 | 493,085 | ||||||
| 820,226 | ||||||||
| Financials — 6.8% | ||||||||
| Monex Group | 76,000 | 469,192 | ||||||
| SBI Holdings(A) | 16,400 | 441,037 | ||||||
| 910,229 | ||||||||
| Information Technology — 2.9% | ||||||||
| GMO internet group(A) | 22,000 | 397,388 | ||||||
| 2,127,843 | ||||||||
| Singapore — 2.6% | ||||||||
| Financials — 2.6% | ||||||||
| Singapore Exchange | 50,360 | 353,936 | ||||||
| South Korea — 8.0% | ||||||||
| Communication Services — 5.5% | ||||||||
| Kakao | 9,122 | 365,126 | ||||||
| SK Telecom | 9,451 | 374,037 | ||||||
| 739,163 | ||||||||
| Description | Shares | Fair Value | ||||||
| Information Technology — 2.5% | ||||||||
| Samsung SDS | 2,848 | $ | 342,205 | |||||
| 1,081,368 | ||||||||
| Switzerland — 2.5% | ||||||||
| Consumer Staples — 2.5% | ||||||||
| Nestle | 3,194 | 332,839 | ||||||
| Taiwan — 2.7% | ||||||||
| Information Technology — 2.7% | ||||||||
| Hon Hai Precision Industry | 111,487 | 363,282 | ||||||
| United Kingdom — 2.7% | ||||||||
| Financials — 2.7% | ||||||||
| HSBC Holdings PLC | 46,460 | 361,137 | ||||||
| United States — 43.9% | ||||||||
| Consumer Discretionary — 3.2% | ||||||||
| Amazon.com* | 2,448 | 432,708 | ||||||
| Consumer Staples — 2.4% | ||||||||
| Bunge Global | 3,453 | 325,860 | ||||||
| Financials — 17.8% | ||||||||
| Block, Cl A* | 5,217 | 414,595 | ||||||
| CME Group, Cl A | 1,705 | 375,697 | ||||||
| Intercontinental Exchange | 3,184 | 440,729 | ||||||
| Mastercard, Cl A | 876 | 415,890 | ||||||
| PayPal Holdings* | 6,123 | 369,462 | ||||||
| Visa, Cl A(A) | 1,411 | 398,805 | ||||||
| 2,415,178 | ||||||||
| Information Technology — 20.5% | ||||||||
| Cisco Systems | 7,459 | 360,792 | ||||||
| DocuSign, Cl A* | 7,257 | 386,580 | ||||||
| International Business | ||||||||
| Machines | 2,228 | 412,247 | ||||||
| Intuit | 629 | 416,958 | ||||||
| Microsoft | 964 | 398,749 | ||||||
| Oracle | 3,176 | 354,695 | ||||||
| Salesforce* | 1,439 | 444,392 | ||||||
| 2,774,413 | ||||||||
| 5,948,159 | ||||||||
| Total Common Stock | ||||||||
| (Cost $12,557,648) | 13,497,727 | |||||||
| SHORT-TERM INVESTMENTS — 6.2% | ||||||||
| Dreyfus Institutional | ||||||||
| Preferred Government Plus | ||||||||
| Money Market Fund, | ||||||||
| Institutional Shares | ||||||||
| 5.28%(B)(C) | 822,680 | 822,680 | ||||||
| JPMorgan U.S. Government | ||||||||
| Money Market Fund, Cl I | ||||||||
| 5.30%(B) | 20,765 | 20,765 | ||||||
| 843,445 | ||||||||
| Total Short-Term Investments | ||||||||
| (Cost $843,445) | 843,445 | |||||||
Capital Link
Global Fintech Leaders ETF
Schedule of Investments
February 29, 2024 (Unaudited)
| Fair Value | ||||
| Total Investments - 105.8% | ||||
| (Cost $13,401,093) | $ | 14,341,172 | ||
Percentages are based on Net Assets of $13,560,061.
| †† | More narrow industries are utilized for compliance purposes, whereas broad sectors are utilized for reporting purposes. |
| * | Non-income producing security. |
| (A) | This security or a partial position is on loan at February 29, 2024. The total value of securities on loan at February 29, 2024 was $1,384,914. |
| (B) | The rate reported is the 7-day effective yield as of February 29, 2024. |
| (C) | This security was purchased with cash collateral held from securities on loan. The total value of such securities as of February 29, 2024 was $822,680. The total value of non-cash collateral held from securities on loan as of February 29, 2024 was $596,069. |
ADR — American Depositary Receipt
Cl — Class
PLC — Public Limited Company
INN-QH-001-1300