Wahed FTSE USA Shariah ETF
Schedule of Investments
August 31, 2023 (Unaudited)
	Shares		Value
COMMON STOCKS — 98.8%
Administrative and Support Services — 0.3%
Baker Hughes Co.		15,731	$	569,305
Robert Half International, Inc.		1,622		119,963
Rollins, Inc.		3,495		138,297
				827,565
Air Transportation — 0.1%
Delta Air Lines, Inc.		2,499		107,157
United Airlines Holdings, Inc. (a)		1,270		63,259
				170,416
Ambulatory Health Care Services — 0.2%
Fortrea Holdings, Inc. (a)		1,342		36,972
Laboratory Corp. of America Holdings		1,342		279,270
Quest Diagnostics, Inc.		1,742		229,073
				545,315
Apparel Manufacturing — 0.2%
Lululemon Athletica, Inc. (a)		1,747		666,061
Beverage and Tobacco Product Manufacturing — 1.6%
Keurig Dr. Pepper, Inc.		14,838		499,299
Monster Beverage Corp. (a)		11,741		674,051
The Coca-Cola Co.		60,808		3,638,143
				4,811,493
Broadcasting (except Internet) — 0.1%
Liberty Broadband Corp. - Class A (a)		227		21,256
Liberty Broadband Corp. - Class C (a)		1,822		170,466
				191,722
Building Material and Garden Equipment and Supplies Dealers — 0.1%
Snap-on, Inc.		788		211,657
Chemical Manufacturing — 12.3%
Abbott Laboratories		27,105		2,789,105
Air Products & Chemicals, Inc.		3,455		1,020,918
Albemarle Corp.		1,840		365,626
Biogen, Inc. (a)		2,256		603,164
BioMarin Pharmaceutical, Inc. (a)		2,934		268,109
Bio-Techne Corp.		2,377		186,357
Bristol-Myers Squibb Co.		32,664		2,013,736
CF Industries Holdings, Inc.		3,012		232,135
Church & Dwight Co., Inc.		3,818		369,468
Dow, Inc.		11,220		612,163
DuPont de Nemours, Inc.		7,296		560,989
Eli Lilly & Co.		13,425		7,440,135
FMC Corp.		1,936		166,941
Gilead Sciences, Inc.		19,690		1,505,891
International Flavors & Fragrances, Inc.		4,010		282,505
Linde PLC (b)		7,719		2,987,562
Merck & Co., Inc.		40,092		4,369,226
Pfizer, Inc.		88,074		3,116,058
PPG Industries, Inc.		3,638		515,723
Regeneron Pharmaceuticals, Inc. (a)		1,605		1,326,516
The Estee Lauder Cos., Inc.		3,537		567,795
The Mosaic Co.		5,183		201,360
The Procter & Gamble Co.		36,860		5,688,972
West Pharmaceutical Services, Inc.		1,142		464,680
Westlake Chemical Corp.		487		63,787
				37,718,921
Clothing and Clothing Accessories Stores — 0.8%
Ross Stores, Inc.		5,282		643,400
The TJX Cos., Inc.		18,244		1,687,205
				2,330,605
Computer and Electronic Product Manufacturing — 32.5% (c)
Advanced Micro Devices, Inc. (a)		25,967		2,745,231
Agilent Technologies, Inc.		4,636		561,281
Alphabet, Inc. - Class A (a)		94,071		12,809,648
Alphabet, Inc. - Class C (a)		82,424		11,320,936
Analog Devices, Inc.		7,981		1,450,786
Apple, Inc.		235,411		44,226,665
Bio-Rad Laboratories, Inc. - Class A (a)		326		130,465
Cisco Systems, Inc.		64,641		3,707,161
Danaher Corp.		10,346		2,741,690
Fortive Corp.		5,547		437,381
GE Healthcare Technologies, Inc.		6,126		431,577
GlobalFoundries, Inc. (a)(b)		1,230		67,958
Hologic, Inc. (a)		3,796		283,713
HP, Inc.		13,646		405,423
Illumina, Inc. (a)		2,489		411,233
Intel Corp.		65,453		2,300,018
Juniper Networks, Inc.		4,999		145,571
Lam Research Corp.		2,104		1,477,850
Marvell Technology, Inc.		13,544		788,938
Masimo Corp. (a)		734		83,882
Medtronic PLC (b)		20,736		1,689,984
Micron Technology, Inc.		17,515		1,224,999
NetApp, Inc.		3,314		254,184
NXP Semiconductors NV (b)		4,041		831,315
ON Semiconductor Corp. (a)		6,872		676,617
Qorvo, Inc. (a)		1,552		166,669
QUALCOMM, Inc.		17,617		2,017,675
Revvity, Inc.		1,943		227,389
Roper Technologies, Inc.		1,638		817,460
Teradyne, Inc.		2,406		259,535
Thermo Fisher Scientific, Inc.		6,024		3,355,970
Trane Technologies PLC (b)		3,539		726,415
Trimble, Inc. (a)		3,859		211,435
Western Digital Corp. (a)		5,102		229,590
Zebra Technologies Corp. - Class A (a)		773		212,583
				99,429,227
Construction of Buildings — 0.4%
DR Horton, Inc.		4,845		576,652
Lennar Corp. - Class A		3,872		461,116
Lennar Corp. - Class B		188		20,052
PulteGroup, Inc.		3,480		285,569
				1,343,389
Couriers and Messengers — 0.9%
FedEx Corp.		3,692		963,686
United Parcel Service, Inc. - Class B		11,431		1,936,411
				2,900,097
Data Processing, Hosting and Related Services — 0.9%
Automatic Data Processing, Inc.		6,505		1,656,238
Fiserv, Inc. (a)		9,708		1,178,454
				2,834,692
Electrical Equipment, Appliance and Component Manufacturing — 0.2%
Generac Holdings, Inc. (a)		956		113,582
Rockwell Automation, Inc.		1,805		563,304
				676,886
Fabricated Metal Product Manufacturing — 0.6%
Emerson Electric Co.		8,976		881,892
Nucor Corp.		3,956		680,828
Stanley Black & Decker, Inc.		2,406		227,078
				1,789,798
Food Manufacturing — 0.9%
Archer-Daniels-Midland Co.		8,468		671,512
Bunge Ltd. (b)		2,305		263,508
Mondelez International, Inc. - Class A		21,304		1,518,123
The JM Smucker Co.		1,591		230,615
				2,683,758
Food Services and Drinking Places — 0.2%
Cintas Corp.		1,342		676,596
Funds, Trusts and Other Financial Vehicles — 0.1%
Garmin Ltd. (b)		2,402		254,660
General Merchandise Stores — 0.2%
Burlington Stores, Inc. (a)		1,007		163,396
Dollar Tree, Inc. (a)		3,308		404,767
				568,163
Health and Personal Care Stores — 0.2%
Ulta Beauty, Inc. (a)		771		319,988
Walgreens Boots Alliance, Inc.		11,223		284,054
				604,042
Leather and Allied Product Manufacturing — 0.6%
NIKE, Inc. - Class B		18,473		1,878,889
Machinery Manufacturing — 1.9%
Applied Materials, Inc.		13,374		2,043,012
Carrier Global Corp.		13,085		751,733
Cummins, Inc.		2,218		510,229
Dover Corp.		2,164		320,921
IDEX Corp.		1,189		269,190
Ingersoll Rand, Inc.		6,379		444,042
KLA Corp.		2,146		1,077,013
Phinia, Inc. (a)		719		19,988
Xylem, Inc.		3,722		385,376
				5,821,504
Management of Companies and Enterprises — 0.1%
LyondellBasell Industries NV - Class A (b)		4,070		401,994
Merchant Wholesalers Durable Goods — 1.2%
Copart, Inc. (a)		13,459		603,367
Fastenal Co.		8,876		511,080
Flex Ltd. (a)(b)		7,147		197,186
Genuine Parts Co.		2,192		336,976
Henry Schein, Inc. (a)		1,997		152,850
Johnson Controls International PLC (b)		10,839		640,151
LKQ Corp.		4,191		220,153
TE Connectivity Ltd. (b)		4,949		655,198
WW Grainger, Inc.		689		492,042
				3,809,003
Merchant Wholesalers Nondurable Goods — 0.5%
Cardinal Health, Inc.		3,995		348,883
Cencora, Inc.		2,542		447,341
McKesson Corp.		2,119		873,706
				1,669,930
Mining (except Oil and Gas) — 0.5%
Martin Marietta Materials, Inc.		962		429,446
Newmont Corp.		12,294		484,629
Southern Copper Corp.		1,321		106,552
Vulcan Materials Co.		2,084		454,833
				1,475,460
Miscellaneous Manufacturing — 4.7%
3M Co.		8,617		919,175
Align Technology, Inc. (a)		1,206		446,389
Becton Dickinson and Co.		4,397		1,228,742
Boston Scientific Corp. (a)		22,633		1,220,824
DENTSPLY SIRONA, Inc.		3,241		120,209
Edwards Lifesciences Corp. (a)		9,351		715,071
Johnson & Johnson		40,834		6,602,041
ResMed, Inc.		2,293		365,940
STERIS PLC (b)		1,552		356,324
Stryker Corp.		5,570		1,579,374
Teleflex, Inc.		712		151,471
The Cooper Cos., Inc.		736		272,313
Zimmer Biomet Holdings, Inc.		3,274		389,999
				14,367,872
Miscellaneous Store Retailers — 0.1%
Tractor Supply Co.		1,738		379,753
Motion Picture and Sound Recording Industries — 0.1%
Take-Two Interactive Software, Inc. (a)		2,582		367,160
Motor Vehicle and Parts Dealers — 0.0% (d)
Advance Auto Parts, Inc.		930		64,003
Nonmetallic Mineral Product Manufacturing — 0.1%
Corning, Inc.		11,472		376,511
Nonstore Retailers — 0.1%
eBay, Inc.		8,466		379,107
Oil and Gas Extraction — 1.5%
Coterra Energy, Inc.		11,780		332,078
Devon Energy Corp.		10,023		512,075
EOG Resources, Inc.		9,117		1,172,629
Marathon Oil Corp.		9,716		256,017
Occidental Petroleum Corp.		10,953		687,739
Phillips 66		7,215		823,664
Pioneer Natural Resources Co.		3,593		854,882
				4,639,084
Other Information Services — 3.3%
Meta Platforms, Inc. - Class A (a)		34,232		10,128,906
Paper Manufacturing — 0.2%
International Paper Co.		5,449		190,279
Packaging Corp. of America		1,367		203,820
Westrock Co.		3,982		130,251
				524,350
Petroleum and Coal Products Manufacturing — 4.6%
Exxon Mobil Corp.		64,125		7,130,059
Chevron Corp.		27,239		4,388,203
Hess Corp.		4,356		673,002
Marathon Petroleum Corp.		6,959		993,536
Valero Energy Corp.		5,664		735,754
				13,920,554
Primary Metal Manufacturing — 0.1%
Steel Dynamics, Inc.		2,603		277,454
Professional, Scientific and Technical Services — 2.2%
Amdocs Ltd. (b)		1,847		164,752
Eaton Corp. PLC (b)		6,358		1,464,692
Exact Sciences Corp. (a)		2,764		231,264
F5, Inc. (a)		927		151,713
Gartner, Inc. (a)		1,192		416,819
Global Payments, Inc.		4,155		526,397
Horizon Therapeutics PLC (a)(b)		3,517		396,507
ICON PLC (a)(b)		1,257		326,745
Omnicom Group, Inc.		3,105		251,536
Palo Alto Networks, Inc. (a)		4,693		1,141,807
Paychex, Inc.		5,010		612,372
Paycom Software, Inc.		788		232,334
The Interpublic Group of Cos., Inc.		6,121		199,606
VMware, Inc. - Class A (a)		3,413		576,046
				6,692,590
Publishing Industries (except Internet) — 16.7%
Adobe, Inc. (a)		7,013		3,922,651
Akamai Technologies, Inc. (a)		2,408		253,057
ANSYS, Inc. (a)		1,350		430,475
Autodesk, Inc. (a)		3,463		768,578
Cadence Design Systems, Inc. (a)		4,268		1,026,198
Ceridian HCM Holding, Inc. (a)		2,342		169,842
Electronic Arts, Inc.		4,305		516,514
Microsoft Corp.		117,735		38,588,824
News Corp. - Class A		5,989		128,704
News Corp. - Class B		1,816		39,952
Okta, Inc. (a)		2,383		199,004
PTC, Inc. (a)		1,720		253,132
salesforce.com, Inc. (a)		14,892		3,297,982
Synopsys, Inc. (a)		2,394		1,098,583
Tyler Technologies, Inc. (a)		646		257,386
Yandex NV - Class A (a)(b)(e)(f)		3,809		–
ZoomInfo Technologies, Inc. (a)		4,647		83,739
				51,034,621
Specialty Trade Contractors — 0.2%
Quanta Services, Inc.		2,227		467,380
Support Activities for Agriculture and Forestry — 0.2%
Corteva, Inc.		11,398		575,713
Support Activities for Mining — 1.5%
ConocoPhillips		18,960		2,256,809
Diamondback Energy, Inc.		2,784		422,556
Halliburton Co.		14,152		546,550
Schlumberger Ltd. (b)		22,366		1,318,699
				4,544,614
Support Activities for Transportation — 0.1%
JB Hunt Transport Services, Inc.		1,281		240,674
Textile Product Mills  — 0.0% (d)
Mohawk Industries, Inc. (a)		797		80,808
Transit and Ground Passenger Transportation — 0.5%
Uber Technologies, Inc. (a)		30,577		1,444,152
Transportation Equipment Manufacturing — 4.2%
Aptiv PLC (a)(b)		4,272		433,394
Autoliv, Inc.		1,330		129,808
BorgWarner, Inc.		3,668		149,471
Gentex Corp.		3,713		121,267
Lear Corp.		917		132,131
PACCAR, Inc.		8,064		663,587
Tesla, Inc. (a)		42,790		11,043,243
Westinghouse Air Brake Technologies Corp.		2,761		310,668
				12,983,569
Truck Transportation — 0.2%
Old Dominion Freight Line, Inc.		1,539		657,722
Utilities — 0.6%
Avangrid, Inc.		1,084		37,398
Constellation Energy Corp.		5,163		537,778
First Solar, Inc. (a)		1,713		323,963
NRG Energy, Inc.		3,604		135,330
Sempra Energy		9,854		691,948
				1,726,417
TOTAL COMMON STOCKS (Cost $244,441,054)				302,164,857
Real Estate Investment Trusts (REITs) — 0.8%
Real Estate — 0.7%
Alexandria Real Estate Equities, Inc.		2,770		322,262
Prologis, Inc.		14,348		1,782,022
Regency Centers Corp.		2,655		165,141
				2,269,425
Wood Product Manufacturing — 0.1%
Weyerhaeuser Co.		11,439		374,627
TOTAL REITS (Cost $2,592,251)				2,644,052
TOTAL INVESTMENTS (Cost $247,033,305) — 99.6%				304,808,909
Other assets and liabilities, net — 0.4%				1,143,511
NET ASSETS — 100.0%			$	305,952,420

Percentages are stated as a percent of net assets.
PLC	Public Limited Company
(a)	Non-income producing security.
(b)	Foreign issued security.
(c)	To the extent the Fund invests more heavily in particular sectors of the economy, its performance will be especially sensitive to developments that significantly affect those sectors.
(d)	Amount is less than 0.05%.
(e)	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.
(f)	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.

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*	$	302,164,857	$	-	$	-	$	302,164,857
Real Estate Investment Trusts (REITs)*		2,644,052		-		-		2,644,052
Total Investments - Assets	$	304,808,909	$	-	$	-	$	304,808,909
* See the Schedule of Investments for industry classifications.
^ The Fund held a Level 3 security at the end of the period valued at $-. The security classified as Level 3 is deemed immaterial.