NPORT-EX 2 fldz.htm PART F 9/30/2023
RiverNorth Patriot ETF
Schedule of Investments
  
September 30, 2023 (Unaudited)
            
   
Shares
    
Value
  
CLOSED-END FUNDS - 0.6%
        
Ares Capital Corp.
                     383
    
                7,457
  
Blue Owl Capital Corp.
                     422
    
                5,844
  
FS KKR Capital Corp.
                     304
    
                5,986
  
TOTAL CLOSED-END FUNDS (Cost $19,009)
      
              19,287
  
             
COMMON STOCKS - 87.2%
        
Advertising- 0.5%
          
The Trade Desk, Inc. - Class A (a)
                     185
    
              14,458
  
             
Agriculture - 0.5%
          
Altria Group, Inc.
                     385
    
              16,189
  
             
Airlines  - 0.5%
          
Southwest Airlines Co.
                     512
    
              13,860
  
             
Auto Manufacturers - 1.0%
          
Lucid Group, Inc. (a)
                  2,696
    
              15,071
  
Rivian Automotive, Inc. - Class A (a)
                     640
    
              15,539
  
         
              30,610
  
Banks - 5.3%
          
BOK Financial Corp.
                       68
    
                5,439
  
Citizens Financial Group, Inc.
                     284
    
                7,611
  
Comerica, Inc.
                     139
    
                5,775
  
Commerce Bancshares, Inc.
                     152
    
                7,293
  
Cullen/Frost Bankers, Inc.
                       84
    
                7,662
  
East West Bancorp, Inc.
                     139
    
                7,327
  
Fifth Third Bancorp
                     285
    
                7,219
  
First Citizens BancShares, Inc. - Class A
                         5
    
                6,900
  
First Horizon Corp.
                     665
    
                7,328
  
Huntington Bancshares, Inc.
                     728
    
                7,571
  
KeyCorp
                     702
    
                7,554
  
M&T Bank Corp.
                       57
    
                7,208
  
Pinnacle Financial Partners, Inc.
                       97
    
                6,503
  
Prosperity Bancshares, Inc.
                     113
    
                6,168
  
Regions Financial Corp.
                     439
    
                7,551
  
SouthState Corp.
                       83
    
                5,591
  
The PNC Financial Services Group, Inc.
                       55
    
                6,752
  
Truist Financial Corp.
                     261
    
                7,467
  
U.S. Bancorp
                     266
    
                8,794
  
Webster Financial Corp.
                     180
    
                7,256
  
Wells Fargo & Co.
                     215
    
                8,785
  
Western Alliance Bancorp
                     126
    
                5,792
  
Zions Bancorp NA
                     180
    
                6,280
  
         
            161,826
  
Beverages - 0.8%
          
Coca-Cola Consolidated, Inc.
                       13
    
                8,272
  
Constellation Brands, Inc. - Class A
                       59
    
              14,829
  
         
              23,101
  
Biotechnology - 1.7%
          
Intra-Cellular Therapies, Inc. (a)
                     233
    
              12,137
  
Ionis Pharmaceuticals, Inc. (a)
                     297
    
              13,472
  
Sarepta Therapeutics, Inc. (a)
                     113
    
              13,698
  
Seagen, Inc. (a)
                       66
    
              14,002
  
         
              53,309
  
Building Materials - 2.7%
          
Builders FirstSource, Inc. (a)
                     110
    
              13,694
  
Eagle Materials, Inc.
                       84
    
              13,988
  
Martin Marietta Materials, Inc.
                       28
    
              11,493
  
Trex Co., Inc. (a)
                     219
    
              13,497
  
UFP Industries, Inc.
                     146
    
              14,950
  
Vulcan Materials Co.
                       73
    
              14,748
  
         
              82,370
  
Commercial Services - 3.0%
          
ADT, Inc.
                  2,030
    
              12,180
  
Affirm Holdings, Inc. (a)
                     297
    
                6,317
  
Booz Allen Hamilton Holding Corp.
                     125
    
              13,659
  
Paylocity Holding Corp. (a)
                       89
    
              16,171
  
R1 RCM, Inc. (a)
                     980
    
              14,769
  
Toast, Inc. - Class A (a)
                     743
    
              13,916
  
TriNet Group, Inc. (a)
                     133
    
              15,492
  
         
              92,504
  
Computers - 0.8%
          
CACI International, Inc. - Class A (a)
                       43
    
              13,499
  
Science Applications International Corp.
                     113
    
              11,926
  
         
              25,425
  
Distribution & Wholesale - 0.4%
          
SiteOne Landscape Supply, Inc. (a)
                       78
    
              12,749
  
             
Diversified Financial Services - 3.4%
          
Ally Financial, Inc.
                     286
    
                7,630
  
Ameriprise Financial, Inc.
                       29
    
                9,561
  
Apollo Global Management, Inc.
                       97
    
                8,707
  
Blue Owl Capital, Inc.
                     474
    
                6,143
  
Capital One Financial Corp.
                       70
    
                6,793
  
Cboe Global Markets, Inc.
                       41
    
                6,405
  
Credit Acceptance Corp. (a)
                       14
    
                6,442
  
Discover Financial Services
                       84
    
                7,277
  
LPL Financial Holdings, Inc.
                       28
    
                6,654
  
SoFi Technologies, Inc. (a)
                  1,011
    
                8,078
  
Synchrony Financial
                     241
    
                7,367
  
T. Rowe Price Group, Inc.
                       70
    
                7,341
  
The Charles Schwab Corp.
                     173
    
                9,498
  
Voya Financial, Inc.
                     113
    
                7,509
  
         
            105,405
  
Electric - 10.7%
          
Alliant Energy Corp.
                     242
    
              11,725
  
Ameren Corp.
                     157
    
              11,748
  
American Electric Power Co., Inc.
                     158
    
              11,885
  
Avangrid, Inc.
                     375
    
              11,314
  
CenterPoint Energy, Inc.
                     440
    
              11,814
  
CMS Energy Corp.
                     214
    
              11,366
  
Consolidated Edison, Inc.
                     142
    
              12,145
  
Constellation Energy Corp.
                     111
    
              12,108
  
Dominion Energy, Inc.
                     251
    
              11,212
  
DTE Energy Co.
                     114
    
              11,318
  
Duke Energy Corp.
                     141
    
              12,445
  
Edison International
                     190
    
              12,025
  
Entergy Corp.
                     129
    
              11,933
  
Evergy, Inc.
                     229
    
              11,610
  
Eversource Energy
                     206
    
              11,979
  
Exelon Corp.
                     297
    
              11,224
  
FirstEnergy Corp.
                     341
    
              11,655
  
NextEra Energy, Inc.
                     212
    
              12,145
  
NRG Energy, Inc.
                     312
    
              12,018
  
OGE Energy Corp.
                     357
    
              11,899
  
PG&E Corp. (a)
                     713
    
              11,501
  
Pinnacle West Capital Corp.
                     158
    
              11,641
  
PPL Corp.
                     484
    
              11,403
  
Public Service Enterprise Group, Inc.
                     198
    
              11,268
  
The Southern Co.
                     199
    
              12,879
  
Vistra Corp.
                     364
    
              12,077
  
WEC Energy Group, Inc.
                     144
    
              11,599
  
Xcel Energy, Inc.
                     212
    
              12,131
  
         
            330,067
  
Engineering & Construction - 1.5%
          
Comfort Systems USA, Inc.
                       89
    
              15,166
  
EMCOR Group, Inc.
                       73
    
              15,359
  
MasTec, Inc. (a)
                     204
    
              14,682
  
         
              45,207
  
Entertainment - 1.4%
          
Caesars Entertainment, Inc. (a)
                     300
    
              13,905
  
Churchill Downs, Inc.
                     117
    
              13,577
  
DraftKings, Inc. - Class A (a)
                     518
    
              15,250
  
         
              42,732
  
Environmental Control - 1.0%
          
Republic Services, Inc.
                     103
    
              14,678
  
Waste Management, Inc.
                     103
    
              15,701
  
         
              30,379
  
Food - 2.2%
          
Albertsons Cos., Inc. - Class A
                     601
    
              13,673
  
Campbell Soup Co.
                     327
    
              13,433
  
Performance Food Group Co. (a)
                     225
    
              13,243
  
The Kroger Co.
                     309
    
              13,828
  
US Foods Holding Corp. (a)
                     348
    
              13,816
  
         
              67,993
  
Gas - 0.8%
          
Atmos Energy Corp.
                     114
    
              12,076
  
NiSource, Inc.
                     460
    
              11,353
  
         
              23,429
  
Healthcare Products - 0.9%
          
Inspire Medical Systems, Inc. (a)
                       73
    
              14,486
  
Natera, Inc. (a)
                     279
    
              12,346
  
         
              26,832
  
Healthcare Services - 4.8%
          
agilon health, Inc. (a)
                     740
    
              13,142
  
Centene Corp. (a)
                     192
    
              13,225
  
Chemed Corp.
                       27
    
              14,032
  
Elevance Health, Inc.
                       28
    
              12,192
  
HealthEquity, Inc. (a)
                     200
    
              14,610
  
Humana, Inc.
                       27
    
              13,136
  
Molina Healthcare, Inc. (a)
                       42
    
              13,771
  
Quest Diagnostics, Inc.
                     111
    
              13,527
  
Tenet Healthcare Corp. (a)
                     210
    
              13,837
  
The Ensign Group, Inc.
                     125
    
              11,616
  
UnitedHealth Group, Inc.
                       29
    
              14,622
  
         
            147,710
  
Home Builders - 2.2%
          
DR Horton, Inc.
                     127
    
              13,649
  
Lennar Corp. - Class A
                     126
    
              14,141
  
NVR, Inc. (a)
                         2
    
              11,926
  
PulteGroup, Inc.
                     182
    
              13,477
  
Toll Brothers, Inc.
                     182
    
              13,461
  
         
              66,654
  
Household Products & Wares - 0.4%
          
Reynolds Consumer Products, Inc.
                     468
    
              11,995
  
             
Insurance - 3.6%
          
American Financial Group, Inc.
                       71
    
                7,929
  
Cincinnati Financial Corp.
                       70
    
                7,160
  
Equitable Holdings, Inc.
                     266
    
                7,552
  
Erie Indemnity Co. - Class A
                       27
    
                7,932
  
Fidelity National Financial, Inc.
                     183
    
                7,558
  
Globe Life, Inc.
                       69
    
                7,502
  
Kinsale Capital Group, Inc.
                       14
    
                5,798
  
Loews Corp.
                     110
    
                6,964
  
Markel Group, Inc. (a)
                         5
    
                7,363
  
Old Republic International Corp.
                     277
    
                7,462
  
The Allstate Corp.
                       69
    
                7,687
  
The Hartford Financial Services Group, Inc.
                       98
    
                6,949
  
The Progressive Corp.
                       70
    
                9,751
  
RLI Corp.
                       56
    
                7,610
  
Selective Insurance Group, Inc.
                       69
    
                7,119
  
         
            112,336
  
Internet - 1.6%
          
Maplebear, Inc. (a)
                     453
    
              13,450
  
Robinhood Markets, Inc. - Class A (a)
                     782
    
                7,671
  
Roku, Inc. (a)
                     205
    
              14,471
  
Zillow Group, Inc. - Class C (a)
                     324
    
              14,956
  
         
              50,548
  
Iron & Steel - 0.5%
          
Steel Dynamics, Inc.
                     140
    
              15,011
  
             
Lodging - 0.5%
          
Boyd Gaming Corp.
                     228
    
              13,869
  
             
Media - 2.3%
          
Charter Communications, Inc. - Class A (a)
                       28
    
              12,315
  
Fox Corp. - Class A
                     443
    
              13,821
  
Liberty Broadband Corp. - Class C (a)
                     157
    
              14,337
  
Sirius XM Holdings, Inc.
                  3,709
    
              16,765
  
The New York Times Co. - Class A
                     345
    
              14,214
  
         
              71,452
  
Oil & Gas - 8.2%
          
Antero Resources Corp. (a)
                     558
    
              14,162
  
Chesapeake Energy Corp.
                     172
    
              14,832
  
Chord Energy Corp.
                       80
    
              12,966
  
Civitas Resources, Inc.
                     173
    
              13,991
  
Coterra Energy, Inc.
                     517
    
              13,985
  
Devon Energy Corp.
                     285
    
              13,594
  
Diamondback Energy, Inc.
                       99
    
              15,333
  
EOG Resources, Inc.
                     125
    
              15,845
  
EQT Corp.
                     374
    
              15,177
  
HF Sinclair Corp.
                     256
    
              14,574
  
Marathon Oil Corp.
                     514
    
              13,749
  
Marathon Petroleum Corp.
                     103
    
              15,588
  
Matador Resources Co.
                     230
    
              13,680
  
Patterson-UTI Energy, Inc.
                     987
    
              13,660
  
Pioneer Natural Resources Co.
                       71
    
              16,298
  
Range Resources Corp.
                     460
    
              14,909
  
Southwestern Energy Co. (a)
                  2,207
    
              14,235
  
Texas Pacific Land Corp.
                         4
    
                7,294
  
         
            253,872
  
Pharmaceuticals - 2.8%
          
BellRing Brands, Inc. (a)
                     307
    
              12,658
  
Cardinal Health, Inc.
                     154
    
              13,370
  
CVS Health Corp.
                     218
    
              15,221
  
Neurocrine Biosciences, Inc. (a)
                     129
    
              14,512
  
Option Care Health, Inc. (a)
                     413
    
              13,361
  
The Cigna Group
                       59
    
              16,878
  
         
              86,000
  
Pipelines - 2.6%
          
Antero Midstream Corp.
                  1,028
    
              12,315
  
DT Midstream, Inc.
                     236
    
              12,489
  
Kinder Morgan, Inc.
                     832
    
              13,795
  
ONEOK, Inc.
                     211
    
              13,367
  
Targa Resources Corp.
                     170
    
              14,573
  
The Williams Cos., Inc.
                     431
    
              14,520
  
         
              81,059
  
Private Equity - 0.5%
          
Ares Management Corp. - Class A
                       69
    
                7,098
  
Blackstone, Inc.
                       86
    
                9,214
  
         
              16,312
  
Retail - 10.0%
          
AutoNation, Inc. (a)
                     103
    
              15,594
  
BJ's Wholesale Club Holdings, Inc. (a)
                     191
    
              13,632
  
Burlington Stores, Inc. (a)
                     102
    
              13,801
  
CarMax, Inc. (a)
                     191
    
              13,509
  
Casey's General Stores, Inc.
                       58
    
              15,748
  
Chipotle Mexican Grill, Inc. (a)
                         7
    
              12,823
  
Darden Restaurants, Inc.
                     104
    
              14,895
  
Dick's Sporting Goods, Inc.
                     129
    
              14,007
  
Dollar General Corp.
                     130
    
              13,754
  
Five Below, Inc. (a)
                     104
    
              16,734
  
Floor & Decor Holdings, Inc. - Class A (a)
                     155
    
              14,027
  
Lithia Motors, Inc.
                       44
    
              12,995
  
Murphy USA, Inc.
                       44
    
              15,036
  
O'Reilly Automotive, Inc. (a)
                       14
    
              12,724
  
RH (a)
                       44
    
              11,632
  
Ross Stores, Inc.
                     129
    
              14,570
  
Target Corp.
                     139
    
              15,369
  
Texas Roadhouse, Inc.
                     144
    
              13,838
  
Tractor Supply Co.
                       73
    
              14,823
  
Ulta Beauty, Inc. (a)
                       29
    
              11,584
  
Williams-Sonoma, Inc.
                       87
    
              13,520
  
Wingstop, Inc.
                       66
    
              11,869
  
         
            306,484
  
Savings & Loans - 0.2%
          
New York Community Bancorp, Inc.
                     665
    
                7,541
  
             
Shipbuilding - 0.5%
          
Huntington Ingalls Industries, Inc.
                       73
    
              14,934
  
             
Software - 2.5%
          
Bill.com Holdings, Inc. (a)
                     142
    
              15,417
  
CCC Intelligent Solutions Holdings, Inc. (a)
                     656
    
                8,758
  
Intuit, Inc.
                       27
    
              13,795
  
Jack Henry & Associates, Inc.
                       57
    
                8,615
  
Paychex, Inc.
                     131
    
              15,108
  
Paycom Software, Inc.
                       60
    
              15,556
  
         
              77,249
  
Telecommunications - 1.0%
          
AT&T, Inc.
                  1,062
    
              15,951
  
Verizon Communications, Inc.
                     481
    
              15,589
  
         
              31,540
  
Transportation - 3.2%
          
CSX Corp.
                     525
    
              16,144
  
JB Hunt Transport Services, Inc.
                       71
    
              13,385
  
Knight-Swift Transportation Holdings, Inc.
                     269
    
              13,490
  
Landstar System, Inc.
                       70
    
              12,386
  
Norfolk Southern Corp.
                       70
    
              13,785
  
Old Dominion Freight Line, Inc.
                       27
    
              11,047
  
Saia, Inc. (a)
                       44
    
              17,540
  
         
              97,777
  
Water - 0.7%
          
American Water Works Co., Inc.
84
    
10,402
  
Essential Utilities, Inc.
                     340
    
              11,672
  
         
              22,074
  
TOTAL COMMON STOCKS (Cost $2,741,562)
      
         2,682,862
  
             
PARTNERSHIPS - 3.1%
          
Investment Companies - 0.4%
          
Icahn Enterprises LP
                     692
    
              13,688
  
             
Pipelines - 2.7%
          
Cheniere Energy Partners LP
                     246
    
              13,331
  
Energy Transfer LP
                     985
    
              13,820
  
EnLink Midstream LLC
                     986
    
              12,049
  
Enterprise Products Partners LP
                     579
    
              15,847
  
MPLX LP
                     387
    
              13,766
  
Western Midstream Partners LP
                     511
    
              13,914
  
         
              82,727
  
TOTAL PARTNERSHIPS (Cost $88,158)
      
              96,415
  
             
REAL ESTATE INVESTMENTS TRUSTS - 8.7%
          
AGNC Investment Corp.
                     787
    
                7,429
  
Agree Realty Corp.
                     114
    
                6,297
  
Alexandria Real Estate Equities, Inc.
                       73
    
                7,307
  
American Homes 4 Rent - Class A
                     214
    
                7,210
  
Annaly Capital Management, Inc.
                     381
    
                7,167
  
AvalonBay Communities, Inc.
                       42
    
                7,213
  
Boston Properties, Inc.
                     130
    
                7,732
  
Brixmor Property Group, Inc.
                     360
    
                7,481
  
Camden Property Trust
                       71
    
                6,715
  
Crown Castle, Inc.
                       84
    
                7,731
  
CubeSmart
                     199
    
                7,588
  
EastGroup Properties, Inc.
                       42
    
                6,994
  
Equity LifeStyle Properties, Inc.
                     112
    
                7,136
  
Equity Residential
                     130
    
                7,632
  
Essex Property Trust, Inc.
                       29
    
                6,151
  
Extra Space Storage, Inc.
                       57
    
                6,930
  
Federal Realty Investment Trust
                       87
    
                7,885
  
First Industrial Realty Trust, Inc.
                     158
    
                7,519
  
Gaming and Leisure Properties, Inc.
                     157
    
                7,151
  
Healthcare Realty Trust, Inc.
                     501
    
                7,650
  
Healthpeak Properties, Inc.
                     403
    
                7,399
  
Host Hotels & Resorts, Inc.
                     472
    
                7,585
  
Invitation Homes, Inc.
                     228
    
                7,225
  
Kimco Realty Corp.
                     431
    
                7,581
  
Lamar Advertising Co. - Class A
                       85
    
                7,095
  
Mid-America Apartment Communities, Inc.
                       57
    
                7,333
  
NNN REIT, Inc.
                     217
    
                7,669
  
Public Storage
                       27
    
                7,115
  
Regency Centers Corp.
                     130
    
                7,727
  
Rexford Industrial Realty, Inc.
                     156
    
                7,699
  
Ryman Hospitality Properties, Inc.
                       73
    
                6,080
  
Simon Property Group, Inc.
                       71
    
                7,670
  
Spirit Realty Capital, Inc.
                     173
    
                5,801
  
STAG Industrial, Inc.
                     228
    
                7,868
  
Terreno Realty Corp.
                     101
    
                5,737
  
UDR, Inc.
                     215
    
                7,669
  
VICI Properties, Inc.
                     258
    
                7,508
  
TOTAL REAL ESTATE INVESTMENT TRUSTS (Cost $335,258)
      
            267,679
  
           
MONEY MARKET FUNDS - 1.3%
        
First American Treasury Obligations Fund - Class X, 5.26% (b)
                39,738
    
              39,738
  
TOTAL MONEY MARKET FUNDS (Cost $39,738)
    
              39,738
  
             
         
Total Investments (Cost $3,223,725) - 100.9%
      
         3,105,981
  
Other assets and liabilities, net - (0.9)%
      
            (28,021)
  
TOTAL NET ASSETS - 100.0%
     $
       3,077,960
  

Percentages are stated as a percent of net assets.
        

(a)
  
Non-income producing security.
              
(b)
  
The rate shown is the seven day yield at period end.
              
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 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 September 30, 2023:
      

   
Level 1
    
Level 2
    
Level 3
    
Total
  
Investments - Assets:
                        
Closed-End Funds
  
$
19,287
    
$
-
    
$
-
    
$
19,287
  
Common Stocks*
    
2,682,862
      
-
      
-
      
2,682,862
  
Partnerships*
    
96,415
      
-
      
-
      
96,415
  
Real Estate Investment Trusts
    
267,679
      
-
      
-
      
267,679
  
Money Market Funds
    
39,738
      
-
      
-
      
39,738
  
Total Investments - Assets
  
$
3,105,981
    
$
-
    
$
-
    
$
3,105,981
  
                                 
*See Schedule of Investments for industry classifications.