NPORT-EX 2 ess-aiiq_nport.htm PART F

AI Powered International Equity ETF
      
Schedule of Investments
      
August 31, 2021 (Unaudited)
      
Shares
  
Security Description
  
Value
  
   
COMMON STOCKS - 99.0%
      
   
Australia - 7.2%
      
 
1,723
  
Atlassian Corporation plc - Class A (a)
  
$
632,444
  
 
26,417
  
Immutep, Ltd. - ADR (a)
    
112,008
  
 
6,624
  
Newcrest Mining, Ltd.
    
119,885
  
           
864,337
  
     
Canada - 1.2%
        
 
2,896
  
Canadian Solar, Inc. (a)
    
107,065
  
 
1,642
  
IMAX Corporation (a)
    
25,796
  
 
11,185
  
Sombrero Resources Shares (a)(b)(e)
    
–
  
 
11,185
  
Tier One Silver, Inc. (a)
    
8,724
  
           
141,585
  
     
Denmark - 7.3%
        
 
719
  
Carlsberg AS - Class B
    
125,518
  
 
902
  
Coloplast AS - Class B
    
156,248
  
 
1,209
  
Novo Nordisk AS - ADR
    
120,864
  
 
1,760
  
Novozymes AS - Class B
    
142,182
  
 
83
  
ROCKWOOL International AS - Class B
    
43,924
  
 
1,058
  
Royal Unibrew AS
    
136,639
  
 
6,094
  
Tryg AS
    
150,893
  
           
876,268
  
     
France - 1.9%
        
 
1,015
  
Airbus SE (a)
    
138,662
  
 
487
  
BNP Paribas SA
    
30,896
  
 
5,617
  
Orange SA - ADR
    
63,865
  
           
233,423
  
     
Germany - 3.0%
        
 
45,498
  
Affimed NV (a)
    
320,305
  
 
1,082
  
Fresenius Medical Care AG & Company KGaA - ADR
    
41,744
  
           
362,049
  
     
Ireland - 0.8%
        
 
1,450
  
Amarin Corporation plc - ADR (a)
    
7,888
  
 
627
  
Medtronic plc
    
83,692
  
           
91,580
  
     
Israel - 13.4%
        
 
2,984
  
Camtek, Ltd. (a)
    
123,329
  
 
16,516
  
Compugen, Ltd. (a)
    
115,942
  
 
2,023
  
CyberArk Software, Ltd. (a)
    
339,743
  
 
24,657
  
Galmed Pharmaceuticals, Ltd. (a)
    
80,628
  
 
1,867
  
Kornit Digital, Ltd. (a)
    
243,401
  
 
8,434
  
MediWound, Ltd. (a)
    
30,700
  
 
719
  
Nice, Ltd. (a)
    
209,751
  
 
6,183
  
RADA Electronic Industries, Ltd. (a)
    
70,548
  
 
1,797
  
Wix.com, Ltd. (a)
    
399,078
  
           
1,613,120
  
     
Japan - 28.0% (c)
        
 
1,218
  
Advantest Corporation
    
105,398
  
 
2,900
  
AGC, Inc.
    
140,235
  
 
7,856
  
Aoyama Trading Company, Ltd. (a)
    
46,130
  
 
1,839
  
Asahi Holdings, Inc.
    
37,226
  
 
2,900
  
CyberAgent, Inc.
    
53,274
  
 
1,077
  
Daikokutenbussan Company, Ltd.
    
67,940
  
 
8,404
  
Daiwa Securities Group, Inc.
    
47,553
  
 
4,614
  
Hachijuni Bank, Ltd.
    
15,895
  
 
1,489
  
Hioki EE Corporation
    
110,171
  
 
1,490
  
JAFCO Group Company, Ltd.
    
90,065
  
 
5,829
  
Japan Post Bank Company, Ltd.
    
51,023
  
 
4,300
  
Jeol, Ltd.
    
317,766
  
 
3,500
  
Kirin Holdings Company, Ltd.
    
63,437
  
 
700
  
Kura Sushi, Inc.
    
27,455
  
 
1,423
  
Kurita Water Industries, Ltd.
    
66,743
  
 
1,060
  
M3, Inc.
    
71,309
  
 
2,100
  
Menicon Company, Ltd.
    
172,367
  
 
1,612
  
Mitsui OSK Lines, Ltd.
    
124,547
  
 
1,671
  
Nippon Gas Company, Ltd.
    
23,740
  
 
2,240
  
Nippon Yusen KK
    
180,601
  
 
16,700
  
Nissan Motor Company, Ltd. (a)
    
87,815
  
 
25,405
  
Nomura Holdings, Inc.
    
123,221
  
 
6,747
  
Oji Holdings Corporation
    
35,325
  
 
5,987
  
Open Door, Inc. (a)
    
122,009
  
 
1,064
  
Organo Corporation
    
61,510
  
 
1,500
  
RS Technologies Company, Ltd.
    
85,216
  
 
1,893
  
Sanken Electric Company, Ltd.
    
93,261
  
 
1,649
  
Sanyo Denki Company, Ltd.
    
107,620
  
 
1,221
  
SCREEN Holdings Company, Ltd.
    
104,770
  
 
42,793
  
Seven Bank, Ltd.
    
97,633
  
 
3,913
  
Shindengen Electric Manufacturing Company, Ltd. (a)
    
144,406
  
 
4,202
  
Sumitomo Mitsui Trust Holdings, Inc.
    
137,425
  
 
2,455
  
Takeuchi Manufacturing Company, Ltd.
    
59,224
  
 
200
  
Tokyo Electron, Ltd.
    
85,879
  
 
2,300
  
Toshiba Corporation
    
99,827
  
 
3,022
  
Uzabase, Inc. (a)
    
65,184
  
 
3,204
  
Yokohama Rubber Company, Ltd.
    
54,664
  
           
3,377,864
  
     
Luxembourg - 0.2%
        
 
570
  
Ternium SA - ADR
    
30,997
  
     
Netherlands - 3.2%
        
 
3,637
  
Merus NV (a)
    
94,853
  
 
1,359
  
NXP Semiconductors NV
    
292,362
  
           
387,215
  
     
Norway - 1.1%
        
 
5,752
  
Gjensidige Forsikring ASA
    
134,501
  
     
Republic of Korea - 7.3%
        
 
1,035
  
Fila Holdings Corporation
    
40,081
  
 
797
  
GS Holdings Corporation
    
29,214
  
 
1,635
  
Hankook Tire & Technology Company, Ltd.
    
65,713
  
 
1,675
  
Hyundai Engineering & Construction Company, Ltd.
    
80,178
  
 
2,891
  
Hyundai Steel Company
    
127,165
  
 
301
  
Korea Investment Holdings Company, Ltd.
    
24,740
  
 
17,472
  
Pan Ocean Company, Ltd.
    
125,225
  
 
2,960
  
Pearl Abyss Corporation (a)
    
240,741
  
 
1,310
  
Posco International Corporation
    
25,704
  
 
265
  
Shinsegae, Inc.
    
61,482
  
 
764
  
S-Oil Corporation
    
62,665
  
           
882,908
  
     
Sweden - 4.7%
        
 
2,410
  
Spotify Technology SA (a)
    
564,759
  
     
Switzerland - 6.3%
        
 
2,823
  
CRISPR Therapeutics AG (a)
    
352,734
  
 
141
  
Lonza Group AG
    
119,328
  
 
63,844
  
ObsEva SA (a)
    
195,362
  
 
254
  
Sika AG
    
91,559
  
           
758,983
  
     
United Kingdom - 3.7%
        
 
14,639
  
Adaptimmune Therapeutics plc - ADR (a)
    
75,684
  
 
1,705
  
Atlantica Sustainable Infrastructure plc
    
64,125
  
 
577
  
Diageo plc - ADR
    
110,847
  
 
8,304
  
JD Sports Fashion plc
    
115,252
  
 
2,805
  
Ocado Group plc (a)
    
77,631
  
           
443,539
  
     
United States - 5.9%
        
 
3,748
  
Comtech Telecommunications Corporation
    
95,649
  
 
2,790
  
Horizon Therapeutics plc (a)
    
301,571
  
 
833
  
New Relic, Inc. (a)
    
66,615
  
 
2,682
  
RPT Realty
    
34,705
  
 
3,721
  
UroGen Pharma, Ltd. (a)
    
65,564
  
 
40,277
  
VBI Vaccines, Inc. (a)
    
145,400
  
           
709,504
  
     
Uruguay - 3.8%
        
 
1,440
  
Globant SA (a)
    
464,083
  
     
TOTAL COMMON STOCKS (Cost $11,096,051)
    
11,936,715
  
               
     
SHORT-TERM INVESTMENTS - 1.3%
        
 
157,663
  
First American Government Obligations Fund - Class X, 0.03% (d)
    
157,663
  
     
TOTAL SHORT-TERM INVESTMENTS (Cost $157,663)
    
157,663
  
     
TOTAL INVESTMENTS - 100.3% (Cost $11,253,714)
    
12,094,378
  
     
Liabilities in Excess of Other Assets - (0.3)%
    
(33,344
)
     
NET ASSETS - 100.0%
  
$
12,061,034
  

Percentages are stated as a percent of net assets.
  
           
 
ADR
  
American Depositary Receipt.
    
 
(a)
  
Non-income producing security.
    
 
(b)
  
Value determined using significant unobservable inputs. Classified as Level 3 in the fair value hierarchy.
 
(c)
  
To the extent the Fund invests a significant portion of its assets in the securities of companies of a single country or region, it is more likely to be impacted by events or conditions affecting that country or region.
 
(d)
  
Annualized seven-day yield as of August 31, 2021.
    
 
(e)
  
This security has been deemed illiquid according to the Fund's liquidity guidelines. The value of this security is $0, which represents 0.00% of net assets.


Summary of Fair Value Disclosure at August 31, 2021 (Unaudited)
            
                 
The Fund utilizes various methods to measure the fair value of its investments on a recurring basis.  Accounting principles generally accepted in the United States of America ("U.S. GAAP") establishes a hierarchy that prioritizes inputs to valuation methods.  The three levels of inputs are:
                 
Level 1 - Unadjusted quoted prices in active markets for identical assets or liabilities that the Fund has the ability to access.
Level 2 - Observable inputs other than quoted prices included in Level 1 that are observable for the asset or liability, either directly or indirectly. These inputs may include quoted prices for the identical instrument on an inactive market, prices for similar instruments, interest rates, prepayment speeds, credit risk, yield curves, default rates and similar data.
Level 3 - Unobservable inputs for the asset or liability, to the extent relevant observable inputs are not available, representing the Fund's own assumptions about the assumptions a market participant would use in valuing the asset or liability, and would be based on the best information available.

The availability of observable inputs can vary from security to security and is affected by a wide variety of factors, including, for example, the type of security, whether the security is new and not yet established in the marketplace, the liquidity of markets, and other characteristics particular to the security.
                 
To the extent that valuation is based on models or inputs that are less observable or unobservable in the market, the determination of fair value requires more judgment. Accordingly, the degree of judgment exercised in determining fair value is greatest for instruments categorized in Level 3.

The inputs used to measure fair value may fall into different levels of the fair value hierarchy. In such cases, for disclosure purposes, the level in the fair value hierarchy within which the fair value measurement falls in its entirety, is determined based on the lowest level input that is significant to the fair value measurement in its entirety.

The following is a summary of the inputs used to value the Fund's investments as of August 31, 2021:
  
                           
Assets^
  
Level 1
    
Level 2
    
Level 3
      
Total
  
Common Stocks
  
$
11,936,715
    
$
-
    
$
-
  
(a)
  
$
11,936,715
  
Short-Term Investments
    
157,663
      
-
      
-
        
157,663
  
Total Investments in Securities
  
$
12,094,378
    
$
-
    
$
-
  
(a)
  
$
12,094,378
  
                     
^See Schedule of Investments for breakout of investments by country classification.
                    
(a) Represents less than $0.50.
                                  
   
During the current fiscal period, the Fund did not recognize any transfers to or from Level 3.