Clough Hedged Equity ETF

Schedule of Investments

January 31, 2024 (Unaudited)

COMMON STOCKS - 98.5%	Shares		Value
Banking - 4.6%
ICICI Bank, Ltd. - ADR	8,003	$	195,274
NU Holdings, Ltd. - Class A (a)(b)	20,317		174,929
Total Banking			370,203
Consumer Discretionary Products - 2.1%
Skyline Champion Corp. (a)(b)	2,689		184,143
Total Consumer Discretionary Products			184,143
Consumer Discretionary Services - 13.2%
Arcos Dorados Holdings, Inc. - Class A (a)	14,041		173,828
Bowlero Corp. – Class A (a)(b)	13,240		143,124
Carnival Corp. (a)(b)	10,700		177,406
DraftKings, Inc. - Class A (a)(b)	5,260		205,403
OneSpaWorld Holdings, Ltd. (a)(b)	14,064		191,692
Service Corp. International (a)	2,908		195,185
Total Consumer Discretionary Services			1,086,638
Health Care - 11.7%
Dexcom, Inc. (a)(b)	1,561		189,427
Eli Lilly & Co. (a)	314		202,722
Humacyte, Inc. (a)(b)	60,140		199,665
Merck & Co., Inc.(a)	1,673		202,065
TransMedics Group, Inc. (a)(b)	2,024		173,598
Total Health Care			967,477
Industrial Products - 8.8%
Blue Bird Corp. (a)(b)	6,372		185,616
General Dynamics Corp.(a)	771		204,308
Northrop Grumman Corp.(a)	367		163,961
RTX Corp. (a)	1,810		164,927
Total Industrial Products			718,812
Industrial Services - 6.5%
Ferguson PLC (a)	978		183,727
Rollins, Inc. (a)	4,270		184,934
Sterling Infrastructure, Inc. (a)(b)	2,234		167,773
Total Industrial Services			536,434
Materials - 10.3%
Agnico Eagle Mines, Ltd. (a)	3,291		161,786
Ecolab, Inc. (a)	810		160,558
Freeport-McMoRan, Inc. (a)	4,899		194,441
Kinross Gold Corp.	29,398		161,983
Vale SA – ADR (a)	11,860		162,363
Total Materials			841,131
Media - 2.6%
MakeMyTrip, Ltd. (a)(b)	3,862		213,916
Total Media			213,916
Oil & Gas - 8.1%
Chesapeake Energy Corp. (a)	2,180		168,100
Diamondback Energy, Inc. (a)	1,058		162,657
Select Water Solutions, Inc. (a)	21,846		169,743
TechnipFMC PLC (a)	8,396		162,379
Total Oil & Gas			662,879
Software & Technology Services - 9.2%
ICF International, Inc. (a)	1,444		200,774
Microsoft Corp. (a)	502		199,585
ServiceNow, Inc.(b)	250		191,350
SS&C Technologies Holdings, Inc. (a)	2,558		156,089
Total Software & Technology Services			747,798
Technology Hardware & Semiconductors - 14.8%
ASML Holding NV – ADR (a)	330		287,041
Broadcom, Inc. (a)	196		231,280
Lam Research Corp. (a)	285		235,173
Micron Technology, Inc. (a)	2,600		222,950
NVIDIA Corp. (a)	391		240,571
Total Technology Hardware & Semiconductors			1,217,015
Telecommunications - 2.1%
Verizon Communications, Inc. (a)	4,000		169,400
Total Telecommunications			169,400
Utilities - 4.5%
American Electric Power Co., Inc. (a)	2,455		191,834
Avista Corp. (a)	5,228		177,804
Total Utilities			369,638
TOTAL COMMON STOCKS (Cost $7,104,994)			8,085,484
SHORT-TERM INVESTMENTS - 1.6%
Money Market Funds - 1.6%
First American Treasury Obligations Fund - Class X, 5.25% (c)	127,280		127,280
TOTAL SHORT-TERM INVESTMENTS (Cost $127,280)			127,280
TOTAL INVESTMENTS - 100.1% (Cost $7,232,274)		$	8,212,764
Liabilities in Excess of Other Assets - (0.1)%			(21,912)
TOTAL NET ASSETS - 100.0%		$	8,190,852

Percentages are stated as a percent of net assets.

ADR - American Depositary Receipt

PLC - Public Limited Company

(a)	All or a portion of security has been pledged as collateral. The total value of assets committed as collateral as of January 31, 2024 is $5,825,350 or 71% of net assets.
(b)	Non-income producing security.
(c)	The rate shown represents the seven-day effective yield as of January 31, 2024.

Clough Hedged Equity ETF
Schedule of Securities Sold Short
January 31, 2024(Unaudited)
COMMON STOCKS - (30.1)%	Shares		Value
Banking - (1.4)%
Deutsche Bank AG	(8,700)	$	(111,795)
Total Banking			(111,795)
Consumer Discretionary Products - (6.2)%
Brunswick Corp.	(923)		(74,467)
Carter's, Inc.	(1,280)		(96,819)
Ford Motor Co.	(9,108)		(106,746)
General Motors Co.	(2,200)		(85,360)
Harley-Davidson, Inc.	(2,131)		(69,151)
YETI Holdings, Inc.(a)	(1,938)		(85,214)
Total Consumer Discretionary Products			(517,757)
Consumer Discretionary Services - (1.2)%
Choice Hotels International, Inc.	(840)		(101,741)
Total Consumer Discretionary Services			(101,741)
Consumer Staple Products - (2.2)%
Energizer Holdings, Inc.	(2,580)		(81,580)
Helen of Troy, Ltd.(a)	(893)		(102,248)
Total Consumer Staple Products			(183,828)
Financial Services - (1.0)%
Discover Financial Services	(792)		(83,572)
Total Financial Services			(83,572)
Industrial Services - (1.4)%
American Airlines Group, Inc. (a)	(7,900)		(112,417)
Total Industrial Services			(112,417)
Materials - (2.2)%
Avery Dennison Corp.	(400)		(79,780)
Ball Corp.	(1,780)		(98,701)
Total Materials			(178,481)
Renewable Energy - (1.9)%
Enphase Energy, Inc.(a)	(740)		(77,056)
SolarEdge Technologies, Inc.(a)	(1,175)		(78,138)
Total Renewable Energy			(155,194)
Retail & Wholesale - Discretionary - (9.2)%
Asbury Automotive Group, Inc.(a)	(584)		(122,091)
AutoNation, Inc.(a)	(882)		(123,180)
Best Buy Co., Inc.	(1,363)		(98,804)
Big 5 Sporting Goods Corp.	(15,512)		(78,025)
Group 1 Automotive, Inc.	(226)		(58,774)
Lithia Motors, Inc.	(325)		(95,826)
Pool Corp.	(253)		(93,926)
Tractor Supply Co.	(370)		(83,102)
Total Retail & Wholesale - Discretionary			(753,728)
Retail & Wholesale - Staples - (1.4)%
Target Corp.	(841)		(116,966)
Total Retail & Wholesale - Staples			(116,966)
Software & Technology Services - (2.0)%
International Business Machines Corp.	(875)		(160,703)
Total Software & Technology Services			(160,703)
TOTAL COMMON STOCKS (Proceeds $2,435,411)			(2,476,182)

REAL ESTATE INVESTMENT TRUSTS – (1.9)%

Real Estate – (1.9)%

Boston Properties, Inc.	(1,268)	(84,322)
Medical Properties Trust, Inc.	(24,153)	(74,874)
Total Real Estate		(159,196)
TOTAL REAL ESTATE INVESTMENT TRUSTS (Proceeds $208,112)		(159,196)
TOTAL SECURITIES SOLD SHORT - (32.0)% (Proceeds $2,643,523)		(2,635,378)

(a) Non-income producing security.

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 Hedged Equity ETF
	Level 1			Level 2		Level 3		Total
Assets:
Common Stocks	$	8,085,484		$	–	$	–	$	8,085,484
Money Market Funds		127,280			–		–		127,280
Total Assets	$	8,212,764		$	–	$	–	$	8,212,764
Liabilities:
Common Stocks		(2,476,182	)		–		–		(2,476,182	)
Real Estate Investment Trusts		(159,196	)		–		–		(159,196	)
Total Liabilities	$	(2,635,378	)	$	–	$	–	$	(2,635,378	)
Refer to the Schedule of Investments for industry classifications.