NPORT-EX 2 corealt.htm
Core Alternative ETF
Schedule of Investments
July 31, 2023 (Unaudited)
    
                  
   
Shares
    
Value
    
COMMON STOCKS - 98.4%
                
Basic Materials - 3.8%
                
Air Products & Chemicals, Inc.
    
34,066
    
$
10,401,372
    
The Mosaic Co.
    
122,670
      
5,000,029
    
             
15,401,401
    
Communications - 7.2%
                    
Alphabet, Inc. - Class A (a)
    
81,071
      
10,759,743
    
Cisco Systems, Inc.
    
186,978
      
9,730,335
    
FactSet Research Systems, Inc.
    
19,562
      
8,510,253
    
             
29,000,331
    
Consumer, Cyclical - 12.1%
                    
Dollar General Corp.
    
44,386
      
7,495,020
    
Genuine Parts Co.
    
63,521
      
9,891,490
    
McDonald's Corp.
    
35,138
      
10,302,462
    
Starbucks Corp.
    
97,778
      
9,931,311
    
Walmart, Inc.
    
69,975
      
11,186,204
    
             
48,806,487
    
Consumer, Non-Cyclical - 22.2%
                    
Amgen, Inc.
    
39,123
      
9,160,650
    
CVS Health Corp.
    
57,908
      
4,325,148
    
Diageo PLC - ADR (b)
    
58,819
      
10,348,615
    
Eli Lilly & Co.
    
25,459
      
11,572,389
    
Johnson & Johnson
    
71,444
      
11,969,013
    
Merck & Co., Inc.
    
97,223
      
10,368,833
    
PepsiCo, Inc.
    
52,322
      
9,808,282
    
The Procter & Gamble Co.
    
69,250
      
10,823,775
    
UnitedHealth Group, Inc.
    
21,310
      
10,790,745
    
             
89,167,450
    
Energy - 5.0%
                    
Chevron Corp.
    
61,876
      
10,126,626
    
Exxon Mobil Corp.
    
91,688
      
9,832,621
    
             
19,959,247
    
Financial - 14.2%
                    
Aflac, Inc.
    
152,189
      
11,009,352
    
Capital One Financial Corp.
    
67,693
      
7,921,435
    
Chubb Ltd. (b)
    
36,601
      
7,481,610
    
CME Group, Inc.
    
28,642
      
5,698,612
    
JPMorgan Chase & Co.
    
88,211
      
13,933,810
    
Morgan Stanley
    
119,914
      
10,979,326
    
             
57,024,145
    
Industrial - 11.2%
                    
Emerson Electric Co.
    
105,400
      
9,628,290
    
L3Harris Technologies, Inc.
    
37,986
      
7,197,967
    
Lockheed Martin Corp.
    
19,813
      
8,843,929
    
Norfolk Southern Corp.
    
39,499
      
9,226,571
    
Waste Management, Inc.
    
62,905
      
10,303,210
    
             
45,199,967
    
Technology - 18.2%
                    
Accenture PLC - Class A (b)
    
31,020
      
9,813,177
    
Advanced Micro Devices, Inc. (a)
    
80,506
      
9,209,887
    
Apple, Inc.
    
52,060
      
10,227,187
    
Broadridge Financial Solutions, Inc.
    
64,237
      
10,786,677
    
Fiserv, Inc. (a)
    
93,806
      
11,839,255
    
Microsoft Corp.
    
32,071
      
10,773,290
    
Paychex, Inc.
    
84,206
      
10,565,327
    
             
73,214,800
    
Utilities - 4.5%
                    
NextEra Energy, Inc.
    
107,362
      
7,869,635
    
The Southern Co.
    
139,733
      
10,108,285
    
             
17,977,920
    
Total Common Stocks (Cost $362,207,600)
            
395,751,748
    
                      
                      
MONEY MARKET FUNDS - 1.7%
                    
Short-Term Investments - 1.7%
                    
First American Government Obligations Fund - Class X, 5.10% (c)
    
6,784,453
      
6,784,453
    
Total Money Market Funds (Cost $6,784,453)
            
6,784,453
    
                      
                      
PURCHASED OPTIONS - 0.7%
  
Number of Contracts (d)
          
Notional Value
PURCHASED PUT OPTIONS - 0.7%
                    
CBOE S&P 500 Index
                    
Expiration: August 2023, Exercise Price: $4,530
    
450
      
729,000
  
       206,503,200
Expiration: August 2023, Exercise Price: $4,540
    
650
      
585,000
  
       298,282,400
Expiration: August 2023, Exercise Price: $4,565
    
700
      
1,743,000
  
       321,227,200
Total Purchased Options (Cost $5,280,624)
            
3,057,000
    
                      
                      
Total Investments - 100.8% (Cost $374,272,677)
            
405,593,201
    
Other Assets Less Liabilities - (0.8)%
            
(3,183,251
)
  
Net Assets - 100%
          
$
402,409,950
    

Percentages are stated as a percent of net assets.
        
                   
ADR
American Depositary Receipt
                
CBOE
Chicago Board Options Exchange
                
PLC
Public Limited Company
                
(a)
Non-income producing security.
                
(b)
Foreign issued security.
          
(c)
The rate shown is the seven-day yield at period end.
            
(d)
Each contract has a multiplier of 100.
            
Various inputs are used in determining the value of the Fund's investments. These inputs are summarized in three broad levels.
    
Level 1 includes quoted prices in active markets for identical securities. Level 2 includes other significant observable inputs
    
(including quoted prices for similar securities, interest rates, prepayment speeds and credit risk). Level 3 includes significant
    
unobservable inputs (including the Fund's own assumptions in determining the fair value of investments). The level assigned to the
    
securities valuations may not be an indication of the risk or liquidity associated with investing in those securities.
        
                   
The Fund did not hold any investments during the period with significant unobservable inputs which would be classified as Level 3.
    
                   
The following is a summary of the inputs used to value the Fund’s investments carried at fair value as of July 31, 2023:
      

   
Level 1
    
Level 2
    
Level 3
    
Total
  
Investments - Assets:
                        
Common Stocks*
  
$
395,751,748
    
$
-
    
$
-
    
$
395,751,748
  
Money Market Funds
    
6,784,453
      
-
      
-
      
6,784,453
  
Purchased Options
    
-
      
3,057,000
      
-
      
3,057,000
  
Total Investments - Assets
  
$
402,536,201
    
$
3,057,000
    
$
-
    
$
405,593,201
  

* See the Schedule of Investments for industry classifications.