Wahed Dow Jones Islamic World ETF
Schedule of Investments
August 31, 2023 (Unaudited)
	Shares		Value
COMMON STOCKS - 99.3% (b)
Aerospace and Defense - 0.8%
Safran SA		2,383	$	383,562
Apparel and Textile Products - 3.0%
adidas AG		1,209		241,994
Compagnie Financière Richemont SA		3,646		518,469
Hermès International		235		484,814
Kering SA		482		258,536
				1,503,813
Automotive - 1.7%
BYD Co. Ltd. - Class H		6,188		193,963
Denso Corp.		3,510		240,108
Ferrari NV		900		286,207
NIO, Inc. - ADR (a)		9,975		102,443
				822,721
Biotechnology and Pharmaceuticals - 18.2%
Astellas Pharma, Inc.		12,719		193,469
AstraZeneca PLC		7,294		985,448
CSL Ltd.		3,404		603,026
Daiichi Sankyo Co. Ltd.		13,771		406,646
Genmab A/S (a)		442		169,927
GSK PLC		27,737		488,122
Novartis AG		16,983		1,717,239
Novo Nordisk A/S - Class B		11,364		2,108,321
Roche Holding AG - Non-Voting Share		5,038		1,484,734
Roche Holding AG - Voting Share		167		52,222
Sanofi		7,958		851,977
				9,061,131
Chemicals - 2.9%
Air Liquide SA		3,595		651,061
DSM BV (e)		47		100,965
DSM-Firmenich AG		864		79,849
Givaudan SA		1,017		156,871
Shin-Etsu Chemical Co. Ltd.		14,466		462,940
				1,451,686
Commercial Support Services - 2.9%
Compass Group PLC		29,862		754,146
Recruit Holdings Co. Ltd.		12,015		430,802
Waste Connections, Inc.		1,801		246,585
				1,431,533
Construction Materials - 0.6%
Sika AG		1,008		285,766
E-Commerce Discretionary - 2.7%
JD.com, Inc. - ADR		29,192		969,466
PDD Holdings, Inc. - ADR (a)		3,598		356,094
				1,325,560
Electrical Equipment - 3.3%
ABB Ltd.		11,872		452,836
Assa Abloy AB - Class B		6,805		153,440
Daikin Industries Ltd.		2,028		351,384
Schneider Electric SE		3,928		676,068
				1,633,728
Food - 2.8%
Nestle SA		11,437		1,377,749
				1,377,749
Health Care Facilities and Services - 0.8%
Lonza Group AG		484		267,906
Wuxi Biologics Cayman, Inc. (a)(c)		24,350		137,093
				404,999
Household Products - 6.0%
Kao Corp.		23,256		900,784
L'Oréal SA		1,763		776,489
Reckitt Benckiser Group PLC		5,140		371,381
Unilever PLC		18,506		947,847
				2,996,501
Industrial Support Services - 0.4%
Ashtead Group PLC		3,199		223,922
Internet, Media and Services - 5.8%
Meituan - Class B (a)(c)		32,885		538,875
NAVER Corp.		2,186		354,755
Prosus NV		8,144		563,758
Tencent Holdings Ltd.		35,008		1,450,901
				2,908,289
Machinery - 2.9%
Atlas Copco AB - Class A		17,703		234,345
Atlas Copco AB - Class B		10,885		125,601
FANUC Corp.		6,495		185,278
Keyence Corp.		1,413		587,387
SMC Corp.		393		190,581
Techtronic Industries Co. Ltd.		12,135		119,930
				1,443,122
Medical Equipment and Devices - 2.5%
Alcon, Inc.		3,536		295,931
EssilorLuxottica SA		2,091		394,661
Hoya Corp.		2,477		274,863
Olympus Corp.		8,908		120,570
Terumo Corp.		5,291		160,382
				1,246,407
Metals and Mining - 5.7%
Anglo American PLC		9,085		241,812
Barrick Gold Corp.		11,767		190,471
BHP Group Ltd.		35,374		1,027,515
Franco-Nevada Corp.		1,365		196,394
Rio Tinto Ltd.		3,642		266,303
Rio Tinto PLC		10,204		630,016
Vale SA - ADR		23,742		312,682
				2,865,193
Oil and Gas Producers - 2.3%
Canadian Natural Resources Ltd.		7,541		487,257
Lukoil PJSC - ADR (a)(d)(e)		3,928		–
Lukoil PJSC - GDR (a)(d)(e)		224		–
Suncor Energy, Inc.		9,377		317,222
Woodside Energy Group		13,611		326,338
				1,130,817
Renewable Energy - 0.3%
Vestas Wind Systems A/S (a)		7,160		165,765
Retail - Discretionary - 1.7%
Fast Retailing Co. Ltd.		1,281		294,590
Industria de Diseño Textil SA		7,439		285,494
Wesfarmers Ltd.		8,096		282,461
				862,545
Semiconductors - 14.0%
ASML Holding NV		2,888		1,905,461
Infineon Technologies AG		60,262		2,159,362
Taiwan Semiconductor Manufacturing Co. Ltd. - ADR		26,087		2,440,961
Tokyo Electron Ltd.		3,342		495,268
				7,001,052
Software - 7.0%
Constellation Software, Inc.		122		250,272
Dassault Systemes SE		4,820		191,521
SAP SE		7,536		1,053,646
Shopify, Inc. - Class A (a)		30,242		2,009,279
				3,504,718
Technology Hardware - 5.6%
Murata Manufacturing Co. Ltd.		21,637		111,308
Nidec Corp.		4,484		252,098
Samsung Electronics Co. Ltd.		3,772		197,740
Samsung SDI Co. Ltd.		37,446		1,895,319
Telefonaktiebolaget LM Ericsson - Class B		398		184,885
Xiaomi Corp. - Class B (a)(c)		98,688		155,550
				2,796,900
Technology Services - 3.0%
Adyen NV (a)(c)		208		174,394
Amadeus IT Group SA		2,834		194,704
Capgemini SE		1,051		196,601
Experian PLC		6,787		237,537
RELX PLC		13,985		456,851
Wolters Kluwer NV		1,807		218,089
				1,478,176
Transportation and Logistics - 2.4%
Canadian National Railway Co.		4,108		462,129
Canadian Pacific Railway Ltd. (a)		6,514		516,421
DSV A/S		1,277		243,147
				1,221,697
TOTAL COMMON STOCKS (Cost $51,084,575)				49,527,352
RIGHTS - 0.0% (f)
Constellation Software, Inc., Expiration: October 2023 (a)(b)		122		68
TOTAL RIGHTS (Cost $0)				68
WARRANTS - 0.0% (f)
Constellation Software, Inc., Expiration: March 2040, Exercise Price: TBD (a)(b)(d)(g)(h)		122		-
TOTAL RIGHTS (Cost $0)				-
TOTAL INVESTMENTS (Cost $51,084,575) — 99.3%				49,527,420
Other assets and liabilities, net — 0.7%				325,079
NET ASSETS — 100.0%			$	49,852,499

Percentages are stated as a percent of net assets.
ADR	American Depositary Receipt
GDR	Global Depositary Receipt
PLC	Public Limited Company
(a)	Non-income producing security.
(b)	Foreign issued security.
(c)	Security exempt from registration pursuant to Rule 144a under the Securities Act of 1933, as amended. These securities may be resold in transactions exempt from registration to qualified institutional investors.
(d)	Value determined based on estimated fair value. The value of this security totals $0, which represents 0.00% of total net assets. Classified as Level 3 in the fair value hierarchy.
(e)	Security has been deemed illiquid according to the Fund's liquidity guidelines. The value of these securities total $0, which represents 0.00% of total net assets.
(f)	Amount is less than 0.05%.
(g)	Expiration is the earlier of March 2040 or the first date on which all the outstanding Series 1 Debentures have matured or have otherwise been repurchased, redeemed or cancelled.
(h)	Each warrant will, upon exercise, entitle the holder to receive $100 CAD principal of Series 2 Debentures for each $100 principal amount of Series 1 Debentures tendered for repurchase by the company.
	COUNTRY	Percentage of Net Assets
	Switzerland	13.4%
	Japan	11.5%
	United Kingdom	10.7%
	France	9.8%
	Canada	9.4%
	Cayman Islands	7.4%
	Germany	6.9%
	Netherlands	6.5%
	Denmark	5.4%
	Australia	5.0%
	Taiwan	4.9%
	Republic of Korea	4.9%
	Sweden	1.3%
	Spain	1.0%
	Brazil	0.6%
	China	0.4%
	Hong Kong	0.2%
	Russian Federation	0.0%
	Total Country	99.3%
	RIGHTS	0.0%
	WARRANTS	0.0%
	TOTAL INVESTMENTS	99.3%
	Other assets and liabilities, net	0.7%
	NET ASSETS	100.0%

Fair Value Measurements

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 following is a summary of the inputs used to value the Fund’s investments carried at fair value as of August 31, 2023:

	Level 1		Level 2		Level 3			Total
Investments - Assets:
Common Stocks*	$	49,426,387	$	100,965	$	-	^	$	49,527,352
Rights		68		-		-			68
Warrants		-		-		-	^		-
Total Investments - Assets	$	49,426,455	$	100,965	$	-		$	49,527,420

* See the Schedule of Investments for industry classifications.

^ The Fund held Level 3 securities at the end of the period valued at $-. The securities classified as Level 3 are deemed immaterial.