Clough Select Equity ETF

Schedule of Investments

January 31, 2024 (Unaudited)

COMMON STOCKS - 98.8%	Shares		Value
Banking - 5.6%
ICICI Bank, Ltd. - ADR	12,238	$	298,607
NU Holdings, Ltd. - Class A(a)	34,180		294,290
Total Banking			592,897
Consumer Discretionary Products - 2.9%
Skyline Champion Corp.(a)	4,429		303,298
Total Consumer Discretionary Products			303,298
Consumer Discretionary Services - 16.2%
Arcos Dorados Holdings, Inc. - Class A	23,190		287,092
Bowlero Corp. – Class A(a)	24,328		262,986
Carnival Corp.(a)	12,600		208,908
DraftKings, Inc. - Class A(a)	8,650		337,782
OneSpaWorld Holdings, Ltd.(a)	23,876		325,430
Service Corp. International	4,074		273,447
Total Consumer Discretionary Services			1,695,645
Health Care - 15.7%
Eli Lilly & Co.	366		236,293
Humacyte, Inc.(a)	107,081		355,508
Merck & Co., Inc.	1,949		235,400
Progyny, Inc.(a)	5,452		207,667
Roivant Sciences, Ltd.(a)	25,932		259,320
TransMedics Group, Inc.(a)	3,882		332,959
Total Health Care			1,627,147
Industrial Products - 7.3%
Blue Bird Corp.(a)	10,673		310,905
Northrop Grumman Corp.	528		235,889
RTX Corp.	2,310		210,487
Total Industrial Products			757,281
Industrial Services - 7.9%
Ferguson PLC	1,193		224,117
Rollins, Inc.	7,165		310,316
Sterling Infrastructure, Inc.(a)	3,716		279,072
Total Industrial Services			813,505
Materials - 4.4%
Ecolab, Inc.	1,185		234,891
Vale SA - ADR	15,668		214,495
Total Materials			449,386
Media - 3.7%
MakeMyTrip, Ltd.(a)	6,908		382,634
Total Media			382,634
Oil & Gas - 7.7%
Chesapeake Energy Corp.	3,710		286,078
Select Water Solutions, Inc.	29,876		232,136
TechnipFMC PLC	14,290		276,368
Total Oil & Gas			794,582
Real Estate - 2.7%
Redfin Corp.(a)	34,322		280,068
Total Real Estate			280,068
Software & Technology Services - 5.3%
ICF International, Inc.	2,184		303,663
SS&C Technologies Holdings, Inc.	4,098		250,060
Total Software & Technology Services			553,723
Technology Hardware & Semiconductors - 11.9%
ASML Holding NV	390		339,230
Broadcom, Inc.	263		310,340
Lam Research Corp.	383		316,040
Micron Technology, Inc.	3,170		271,828
Total Technology Hardware & Semiconductors			1,237,438
Telecommunications - 2.7%
Verizon Communications, Inc.	6,576		278,494
Total Telecommunications			278,494
Utilities - 4.8%
American Electric Power Co., Inc.	3,448		269,427
Avista Corp.	6,892		234,397
Total Utilities			503,824
TOTAL COMMON STOCKS (Cost $9,450,665)			10,269,922
SHORT-TERM INVESTMENTS - 2.8%
Money Market Funds - 2.8%
First American Treasury Obligations Fund - Class X, 5.25%(b)	294,453		294,453
TOTAL SHORT-TERM INVESTMENTS (Cost $294,453)			294,453
TOTAL INVESTMENTS - 101.6% (Cost $9,745,118)		$	10,564,375
Liabilities in Excess of Other Assets - (1.6)%			(162,179)
TOTAL NET ASSETS - 100.0%		$	10,402,196

Percentages are stated as a percent of net assets.

ADR - American Depositary Receipt

PLC - Public Limited Company

(a)	Non-income producing security.
(b)	The rate shown represents the seven-day effective yield as of January 31, 2024.

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:

Clough Select Equity ETF
	Level 1		Level 2		Level 3		Total
Assets:
Common Stocks	$	10,269,922	$	–	$	–	$	10,269,922
Money Market Funds		294,453		–		–		294,453
Total Assets	$	10,564,375	$	–	$	–	$	10,564,375
Refer to the Schedule of Investments for industry classifications.