NPORT-EX 2 core.htm

Core Alternative ETF
Schedule of Investments
as of January 31, 2024 (Unaudited)

COMMON STOCKS - 95.6%
  
Shares
    
Value
  
Basic Materials - 3.4%
      
Air Products & Chemicals, Inc.
  
20,840
   $
5,328,996
  
Mosaic Co.
  
112,993
    
   3,470,015
  
         
   8,799,011
  
               
Communications - 7.5%
      
Alphabet, Inc. - Class A (a)
  
49,238
    
   6,898,245
  
Cisco Systems, Inc.
  
122,308
    
   6,137,415
  
FactSet Research Systems, Inc.
  
13,045
    
   6,208,376
  
         
   19,244,036
  
               
Consumer, Cyclical - 11.4%
      
Dollar General Corp.
  
29,877
    
   3,945,855
  
Genuine Parts Co.
  
41,866
    
   5,870,869
  
McDonald's Corp.
  
23,144
    
   6,774,712
  
Starbucks Corp.
  
64,091
    
   5,962,386
  
Walmart, Inc.
  
40,677
    
   6,721,874
  
         
   29,275,696
  
               
Consumer, Non-cyclical - 23.2%
      
Amgen, Inc.
  
23,967
    
   7,531,870
  
CVS Health Corp.
  
63,331
    
   4,709,926
  
Diageo PLC (b)
  
38,625
    
   5,574,746
  
Eli Lilly & Co.
  
11,459
    
   7,398,045
  
Johnson & Johnson
  
46,743
    
   7,427,463
  
Merck & Co., Inc.
  
59,333
    
   7,166,240
  
PepsiCo, Inc.
  
34,457
    
   5,807,038
  
Procter & Gamble Co.
  
45,323
    
   7,122,056
  
UnitedHealth Group, Inc.
  
13,253
    
   6,782,090
  
         
   59,519,474
  
               
Energy - 4.7%
      
Chevron Corp.
  
40,590
    
   5,984,184
  
Exxon Mobil Corp.
  
60,016
    
   6,170,245
  
         
   12,154,429
  
               
Financial - 11.9%
      
Aflac, Inc.
  
81,614
    
   6,883,325
  
Chubb Ltd.(b)
  
24,233
    
   5,937,085
  
CME Group, Inc.
  
19,260
    
   3,964,478
  
JPMorgan Chase & Co.
  
42,491
    
   7,408,731
  
Morgan Stanley
  
73,213
    
   6,387,102
  
         
   30,580,721
  
               
Industrial - 9.8%
      
Emerson Electric Co.
  
69,071
    
   6,335,883
  
Lockheed Martin Corp.
  
13,229
    
   5,680,665
  
Norfolk Southern Corp.
  
26,164
    
   6,154,819
  
Waste Management, Inc.
  
38,371
    
   7,122,809
  
         
   25,294,176
  
               
Technology - 19.8%
      
Accenture PLC - Class A (b)
  
19,093
    
   6,947,561
  
Advanced Micro Devices, Inc.(a)
  
27,328
    
   4,582,632
  
Apple, Inc.
  
32,829
    
   6,053,668
  
Broadridge Financial Solutions, Inc.
  
36,523
    
   7,457,997
  
Fiserv, Inc.(a)
  
52,113
    
   7,393,271
  
Microsoft Corp.
  
16,956
    
   6,741,367
  
NXP Semiconductors NV(b)
  
24,169
    
   5,089,266
  
Paychex, Inc.
  
55,213
    
   6,721,078
  
         
   50,986,840
  
               
Utilities - 3.9%
      
NextEra Energy, Inc.
  
71,533
    
   4,193,980
  
Southern Co.
  
85,281
    
   5,928,735
  
         
   10,122,715
  
TOTAL COMMON STOCKS (Cost $227,105,078)
    
 245,977,098
  
               
REAL ESTATE INVESTMENT TRUSTS - 2.3%
  
Shares
    
Value
  
Realty Income Corp.
  
108,602
    
   5,906,863
  
TOTAL REAL ESTATE INVESTMENT TRUSTS (Cost $6,079,175)
    
   5,906,863
  
               
PURCHASED OPTIONS - 2.0%
Notional Amount
  
Contracts
(c)
  
Value
  
Put Options - 2.0%
        
$–
  
S&P 500 Index
  
–
    
$–
  
Expiration: 02/2024; Exercise Price: $4,755.00
 254,396,625
  
525
    
   425,250
  
Expiration: 02/2024; Exercise Price: $4,775.00
 181,711,875
  
375
    
   772,500
  
Expiration: 02/2024; Exercise Price: $4,850.00
 327,081,375
  
675
    
   2,173,500
  
Expiration: 02/2024; Exercise Price: $4,880.00
 157,483,625
  
325
    
   1,685,125
  
Total Put Options
          
   5,056,375
  
TOTAL PURCHASED OPTIONS (Cost $5,329,177)
    
   5,056,375
  
               
SHORT-TERM INVESTMENTS - 1.9%
            
Money Market Funds - 1.9%
  
Shares
    
 
  
First American Government Obligations Fund - Class X, 5.25%(d)
  
5,000,542
    
   5,000,542
  
TOTAL SHORT-TERM INVESTMENTS (Cost $5,000,542)
    
   5,000,542
  
               
TOTAL INVESTMENTS - 101.8% (Cost $243,513,972)
   $
261,940,878
  
Liabilities in Excess of Other Assets - (1.8)%
    
(4,580,864)
  
TOTAL NET ASSETS - 100.0%
    
 
   $
257,360,014
  

Percentages are stated as a percent of net assets.
  

ADR - American Depositary Receipt
PLC - Public Limited Company

(a)
Non-income producing security.
(b)
Foreign issued security
(c)
Each contract has a multiplier of 100.
(d)
The rate shown represents the 7-day effective yield as of period end.
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 January 31, 2024:

Core Alternative ETF
  
   
Level 1
    
Level 2
    
Level 3
    
Total
  
Assets:
                        
  Common Stocks
  
$
245,977,098
    
$
–
    
$
–
    
$
245,977,098
  
  Real Estate Investment Trusts
    
5,906,863
      
–
      
–
      
5,906,863
  
  Purchased Options
    
–
      
5,056,375
      
–
      
5,056,375
  
  Money Market Funds
    
5,000,542
      
–
      
–
      
5,000,542
  
Total Assets
  
$
256,884,503
    
$
5,056,375
    
$
–
    
$
261,940,878
  
                                 
   
Refer to the Schedule of Investments for industry classifications.