Horizon Kinetics Blockchain Development ETF
|
||||||||
Schedule of Investments
|
||||||||
March 31, 2024 (Unaudited)
|
||||||||
COMMON STOCKS - 90.1%
|
Shares
|
Value
|
||||||
Aerospace & Defense - 11.0%
|
||||||||
CACI International, Inc. - Class A(a)
|
1,605
|
$
|
608,023
|
|||||
Science Applications International Corp.
|
3,201
|
417,378
|
||||||
1,025,401
|
||||||||
Capital Markets - 24.4%
|
||||||||
Bakkt Holdings, Inc.(a)(c)
|
209,895
|
96,510
|
||||||
Galaxy Digital Holdings, Ltd.(a)(b)
|
41,730
|
446,210
|
||||||
MarketAxess Holdings, Inc.
|
915
|
200,614
|
||||||
OTC Markets Group, Inc. - Class A
|
4,735
|
261,609
|
||||||
Tradeweb Markets, Inc. - Class A
|
3,753
|
390,949
|
||||||
Urbana Corp. - Class A(b)
|
134,642
|
465,638
|
||||||
WisdomTree, Inc.
|
44,354
|
407,613
|
||||||
2,269,143
|
||||||||
Global Exchanges - 40.4%(d)
|
||||||||
ASX, Ltd.(b)
|
9,255
|
401,042
|
||||||
Cboe Global Markets, Inc.
|
3,030
|
556,702
|
||||||
Deutsche Boerse AG(b)
|
2,805
|
574,523
|
||||||
Japan Exchange Group, Inc.(b)
|
19,890
|
536,857
|
||||||
London Stock Exchange Group PLC(b)
|
3,795
|
454,953
|
||||||
Nasdaq, Inc.
|
6,201
|
391,283
|
||||||
Singapore Exchange, Ltd.(b)
|
53,730
|
366,667
|
||||||
TMX Group, Ltd.(b)
|
17,751
|
468,681
|
||||||
3,750,708
|
||||||||
IT Services - 4.2%
|
||||||||
Applied Digital Corp.(a)(c)
|
23,568
|
100,871
|
||||||
Digital Garage, Inc.(b)
|
13,170
|
285,425
|
||||||
386,296
|
||||||||
Securities and Commodities Exchange - 10.1%
|
||||||||
CME Group, Inc.
|
1,975
|
425,198
|
||||||
Intercontinental Exchange, Inc.
|
3,721
|
511,377
|
||||||
936,575
|
||||||||
TOTAL COMMON STOCKS (Cost $7,547,541)
|
8,368,123
|
|||||||
SHORT-TERM INVESTMENTS – 9.8%
|
||||||||
Deposit Accounts – 9.8%
|
||||||||
U.S. Bank Money Market Deposit Account, 5.19%(e)
|
909,399
|
909,399
|
||||||
TOTAL SHORT-TERM INVESTMENTS (Cost $909,399)
|
909,399
|
|||||||
INVESTMENTS PURCHASED WITH PROCEEDS FROM SECURITIES LENDING – 2.5%
|
||||||||
U.S. Bank Money Market Deposit Account, 5.19%(e)
|
232,937
|
232,937
|
||||||
TOTAL INVESTMENTS PURCHASED WITH PROCEEDS FROM SECURITIES LENDING (Cost $232,937)
|
232,937
|
|||||||
TOTAL INVESTMENTS (Cost $8,689,877) – 102.4%
|
$
|
9,510,459
|
||||||
Other Assets in Excess of Liabilities – (2.4)%
|
(223,966
|
)
|
||||||
TOTAL NET ASSETS - 100.0%
|
$
|
9,286,493
|
||||||
Percentages are stated as a percent of net assets.
|
PLC - Public Limited Company
|
(a)
|
Non-income producing security.
|
(b)
|
Foreign issued security.
|
(c)
|
All or a portion of this security is on loan as of March 31, 2024. The total market value of these securities was $147,504 which
represented 1.6% of net assets.
|
(d)
|
To the extent that the Fund invests more heavily in a particular industry or sector of the economy, its performance will be
especially sensitive to developments that significantly affect those industries or sectors.
|
(e)
|
The U.S. Bank Money Market Deposit Account (the “MMDA”) is a short-term vehicle in which the Fund holds cash balances. The MMDA
will bear interest at a variable rate that is determined based on market conditions and is subject to change daily. The rate shown is the seven-day yield at period end.
|
COUNTRY
|
Percentage of Net Assets
|
|||
United States
|
47.0
|
%
|
||
Canada
|
10.1
|
%
|
||
Japan
|
8.9
|
%
|
||
Germany
|
6.2
|
%
|
||
Britain
|
4.9
|
%
|
||
Cayman Islands
|
4.8
|
%
|
||
Australia
|
4.3
|
%
|
||
Singapore
|
3.9
|
%
|
||
Total Country
|
90.1
|
%
|
||
SHORT-TERM INVESTMENTS
|
9.8
|
%
|
||
INVESTMENTS PURCHASED WITH PROCEEDS FROM SECURITIES LENDING
|
2.5
|
%
|
||
TOTAL INVESTMENTS
|
102.4
|
%
|
||
Other assets and liabilities, net
|
-2.4
|
%
|
||
NET ASSETS
|
100.0
|
%
|
Horizon Kinetics Blockchain Development ETF
|
||||||||||||||||
Level 1
|
Level 2
|
Level 3
|
Total
|
|||||||||||||
Assets:
|
||||||||||||||||
Common Stocks*
|
8,368,123
|
–
|
–
|
8,368,123
|
||||||||||||
Deposit Accounts
|
909,399
|
–
|
–
|
909,399
|
||||||||||||
Investments Purchased with Proceeds from Securities Lending
|
232,937
|
–
|
–
|
232,937
|
||||||||||||
Total Assets
|
9,510,459
|
–
|
–
|
9,510,459
|
||||||||||||
*Refer to the Schedule of Investments for industry classifications.
|