Avantis U.S. Large Cap Value ETF - Schedule of Investments | ||
MAY 31, 2023 (UNAUDITED) |
Shares | Value ($) | |||||||
COMMON STOCKS — 99.7% | ||||||||
Aerospace and Defense — 0.2% | ||||||||
Woodward, Inc. | 18,400 | 1,939,544 | ||||||
Air Freight and Logistics — 2.8% | ||||||||
Expeditors International of Washington, Inc. | 47,986 | 5,293,336 | ||||||
FedEx Corp. | 44,533 | 9,707,303 | ||||||
United Parcel Service, Inc., Class B | 94,556 | 15,790,852 | ||||||
30,791,491 | ||||||||
Automobile Components — 0.5% | ||||||||
Autoliv, Inc. | 14,729 | 1,200,414 | ||||||
BorgWarner, Inc. | 61,089 | 2,708,075 | ||||||
Gentex Corp. | 15 | 394 | ||||||
Lear Corp. | 16,074 | 1,971,637 | ||||||
5,880,520 | ||||||||
Automobiles — 1.6% | ||||||||
Ford Motor Co. | 766,971 | 9,203,652 | ||||||
General Motors Co. | 241,991 | 7,842,928 | ||||||
17,046,580 | ||||||||
Banks — 4.2% | ||||||||
Citigroup, Inc. | 100,278 | 4,444,321 | ||||||
Comerica, Inc. | 25,288 | 912,897 | ||||||
East West Bancorp, Inc. | 36,807 | 1,761,215 | ||||||
Fifth Third Bancorp | 41,726 | 1,012,690 | ||||||
First Citizens BancShares, Inc., Class A | 340 | 424,048 | ||||||
Hancock Whitney Corp. | 15,614 | 570,379 | ||||||
JPMorgan Chase & Co. | 213,825 | 29,018,191 | ||||||
KeyCorp | 232,215 | 2,168,888 | ||||||
PNC Financial Services Group, Inc. | 13,359 | 1,547,373 | ||||||
Popular, Inc. | 22,664 | 1,295,927 | ||||||
Synovus Financial Corp. | 52,358 | 1,418,378 | ||||||
Western Alliance Bancorp | 27,923 | 946,590 | ||||||
45,520,897 | ||||||||
Beverages — 0.1% | ||||||||
Coca-Cola Consolidated, Inc. | 1,337 | 884,746 | ||||||
National Beverage Corp.(1) | 1,628 | 80,456 | ||||||
965,202 | ||||||||
Biotechnology — 2.9% | ||||||||
Gilead Sciences, Inc. | 209,977 | 16,155,630 | ||||||
Moderna, Inc.(1) | 63,805 | 8,148,537 | ||||||
Regeneron Pharmaceuticals, Inc.(1) | 3,312 | 2,436,175 | ||||||
Vertex Pharmaceuticals, Inc.(1) | 15,539 | 5,027,954 | ||||||
31,768,296 | ||||||||
Broadline Retail — 0.5% | ||||||||
Amazon.com, Inc.(1) | 13,255 | 1,598,288 | ||||||
Macy's, Inc. | 134,526 | 1,828,208 | ||||||
MercadoLibre, Inc.(1) | 1,154 | 1,429,806 | ||||||
4,856,302 | ||||||||
Building Products — 1.4% | ||||||||
Advanced Drainage Systems, Inc. | 5,913 | 572,201 | ||||||
Builders FirstSource, Inc.(1) | 57,368 | 6,651,819 | ||||||
Owens Corning | 42,121 | 4,478,726 |
Trex Co., Inc.(1) | 27,511 | 1,412,690 | ||||||
UFP Industries, Inc. | 26,880 | 2,099,328 | ||||||
15,214,764 | ||||||||
Capital Markets — 3.4% | ||||||||
Ameriprise Financial, Inc. | 28,869 | 8,616,530 | ||||||
Carlyle Group, Inc. | 97,478 | 2,671,872 | ||||||
Goldman Sachs Group, Inc. | 23,823 | 7,716,270 | ||||||
Houlihan Lokey, Inc. | 1,378 | 120,313 | ||||||
Morgan Stanley | 95,823 | 7,834,489 | ||||||
Northern Trust Corp. | 45,242 | 3,253,805 | ||||||
Stifel Financial Corp. | 32,362 | 1,798,356 | ||||||
T. Rowe Price Group, Inc. | 48,221 | 5,167,362 | ||||||
37,178,997 | ||||||||
Chemicals — 2.7% | ||||||||
CF Industries Holdings, Inc. | 63,635 | 3,914,189 | ||||||
Chemours Co. | 41,572 | 1,101,242 | ||||||
Dow, Inc. | 161,020 | 7,854,556 | ||||||
Huntsman Corp. | 64,615 | 1,534,606 | ||||||
LyondellBasell Industries NV, Class A | 72,283 | 6,183,088 | ||||||
Mosaic Co. | 125,141 | 3,999,506 | ||||||
Olin Corp. | 68,809 | 3,255,354 | ||||||
Westlake Corp. | 17,086 | 1,776,090 | ||||||
29,618,631 | ||||||||
Construction and Engineering — 0.1% | ||||||||
Comfort Systems USA, Inc. | 7,082 | 1,047,994 | ||||||
EMCOR Group, Inc. | 90 | 14,836 | ||||||
1,062,830 | ||||||||
Construction Materials — 0.2% | ||||||||
Eagle Materials, Inc. | 12,914 | 2,104,078 | ||||||
Consumer Finance — 2.5% | ||||||||
Ally Financial, Inc. | 116,512 | 3,107,375 | ||||||
Capital One Financial Corp. | 80,307 | 8,368,793 | ||||||
Credit Acceptance Corp.(1) | 3,071 | 1,368,683 | ||||||
Discover Financial Services | 77,296 | 7,941,391 | ||||||
OneMain Holdings, Inc. | 38,636 | 1,462,759 | ||||||
Synchrony Financial | 161,296 | 4,993,724 | ||||||
27,242,725 | ||||||||
Consumer Staples Distribution & Retail — 3.3% | ||||||||
Casey's General Stores, Inc. | 14,100 | 3,181,665 | ||||||
Costco Wholesale Corp. | 27,973 | 14,309,868 | ||||||
Kroger Co. | 182,632 | 8,278,708 | ||||||
Walmart, Inc. | 69,047 | 10,140,933 | ||||||
35,911,174 | ||||||||
Containers and Packaging — 0.6% | ||||||||
International Paper Co. | 32,075 | 944,288 | ||||||
Packaging Corp. of America | 32,636 | 4,047,843 | ||||||
WestRock Co. | 44,962 | 1,259,386 | ||||||
6,251,517 | ||||||||
Diversified Telecommunication Services — 2.1% | ||||||||
AT&T, Inc. | 338,619 | 5,326,477 | ||||||
Frontier Communications Parent, Inc.(1) | 70,533 | 1,049,531 | ||||||
Verizon Communications, Inc. | 473,741 | 16,879,392 | ||||||
23,255,400 | ||||||||
Electrical Equipment — 0.2% | ||||||||
Atkore, Inc.(1) | 16,069 | 1,876,377 | ||||||
Electronic Equipment, Instruments and Components — 1.1% | ||||||||
Corning, Inc. | 203,308 | 6,263,919 | ||||||
Flex Ltd.(1) | 1,694 | 43,011 | ||||||
Jabil, Inc. | 65,007 | 5,819,427 | ||||||
12,126,357 | ||||||||
Energy Equipment and Services — 0.1% | ||||||||
ChampionX Corp. | 35,582 | 898,801 | ||||||
Entertainment — 0.2% | ||||||||
World Wrestling Entertainment, Inc., Class A | 18,284 | 1,852,535 | ||||||
Food Products — 0.2% | ||||||||
Bunge Ltd. | 14,281 | 1,322,992 | ||||||
Pilgrim's Pride Corp.(1) | 42,596 | 945,631 | ||||||
2,268,623 | ||||||||
Ground Transportation — 5.6% | ||||||||
CSX Corp. | 388,451 | 11,913,792 | ||||||
Hertz Global Holdings, Inc.(1) | 40,460 | 634,413 | ||||||
JB Hunt Transport Services, Inc. | 28,961 | 4,835,618 | ||||||
Knight-Swift Transportation Holdings, Inc. | 35,645 | 1,960,119 | ||||||
Landstar System, Inc. | 14,018 | 2,458,477 | ||||||
Norfolk Southern Corp. | 42,610 | 8,870,550 | ||||||
Old Dominion Freight Line, Inc. | 24,900 | 7,729,956 | ||||||
Ryder System, Inc. | 6,035 | 475,739 | ||||||
Saia, Inc.(1) | 12,221 | 3,472,719 | ||||||
U-Haul Holding Co.(2) | 3,872 | 204,326 | ||||||
U-Haul Holding Co., Non-Voting Shares | 20,776 | 961,721 | ||||||
Union Pacific Corp. | 90,310 | 17,386,481 | ||||||
60,903,911 | ||||||||
Health Care Providers and Services — 1.0% | ||||||||
Humana, Inc. | 20,165 | 10,120,209 | ||||||
Molina Healthcare, Inc.(1) | 1,468 | 402,085 | ||||||
10,522,294 | ||||||||
Hotels, Restaurants and Leisure — 1.1% | ||||||||
Boyd Gaming Corp. | 39,296 | 2,504,334 | ||||||
Chipotle Mexican Grill, Inc.(1) | 851 | 1,767,093 | ||||||
Darden Restaurants, Inc. | 24,369 | 3,862,974 | ||||||
Hilton Grand Vacations, Inc.(1) | 9,746 | 416,642 | ||||||
Texas Roadhouse, Inc. | 30,265 | 3,265,593 | ||||||
11,816,636 | ||||||||
Household Durables — 1.2% | ||||||||
D.R. Horton, Inc. | 33,947 | 3,626,897 | ||||||
Lennar Corp., B Shares | 2,291 | 216,614 | ||||||
Lennar Corp., Class A | 36,608 | 3,921,449 | ||||||
NVR, Inc.(1) | 530 | 2,943,737 | ||||||
PulteGroup, Inc. | 21,939 | 1,449,729 | ||||||
Taylor Morrison Home Corp.(1) | 30,937 | 1,312,657 | ||||||
13,471,083 | ||||||||
Independent Power and Renewable Electricity Producers — 0.3% | ||||||||
AES Corp. | 179,465 | 3,542,639 | ||||||
Insurance — 4.5% | ||||||||
Aflac, Inc. | 52,039 | 3,341,424 | ||||||
American Financial Group, Inc. | 22,985 | 2,580,526 | ||||||
American International Group, Inc. | 135,555 | 7,161,371 | ||||||
Axis Capital Holdings Ltd. | 22,511 | 1,168,321 | ||||||
F&G Annuities & Life, Inc. | 25 | 517 | ||||||
Fidelity National Financial, Inc. | 156 | 5,326 |
Globe Life, Inc. | 12,681 | 1,308,426 | ||||||
Hartford Financial Services Group, Inc. | 106,023 | 7,264,696 | ||||||
Old Republic International Corp. | 79,741 | 1,952,857 | ||||||
Primerica, Inc. | 20,866 | 3,798,029 | ||||||
Principal Financial Group, Inc. | 22,144 | 1,449,546 | ||||||
Progressive Corp. | 6,190 | 791,763 | ||||||
Prudential Financial, Inc. | 58,224 | 4,581,647 | ||||||
Reinsurance Group of America, Inc. | 8,131 | 1,138,340 | ||||||
RenaissanceRe Holdings Ltd. | 60 | 11,302 | ||||||
Travelers Cos., Inc. | 60,481 | 10,235,804 | ||||||
Unum Group | 58,933 | 2,560,639 | ||||||
49,350,534 | ||||||||
Interactive Media and Services — 6.3% | ||||||||
Alphabet, Inc., Class A(1) | 127,676 | 15,687,550 | ||||||
Alphabet, Inc., Class C(1) | 110,503 | 13,632,755 | ||||||
Meta Platforms, Inc., Class A(1) | 146,890 | 38,884,721 | ||||||
68,205,026 | ||||||||
Leisure Products — 0.3% | ||||||||
Brunswick Corp. | 18,308 | 1,382,254 | ||||||
Polaris, Inc. | 12,275 | 1,322,140 | ||||||
2,704,394 | ||||||||
Machinery — 2.9% | ||||||||
AGCO Corp. | 16,181 | 1,784,441 | ||||||
Caterpillar, Inc. | 46,771 | 9,623,133 | ||||||
Deere & Co. | 37,451 | 12,957,297 | ||||||
Donaldson Co., Inc. | 33,128 | 1,938,982 | ||||||
PACCAR, Inc. | 80,755 | 5,554,329 | ||||||
31,858,182 | ||||||||
Media — 0.8% | ||||||||
Comcast Corp., Class A | 136,663 | 5,377,689 | ||||||
Fox Corp., Class A | 60,788 | 1,896,586 | ||||||
Fox Corp., Class B | 30,373 | 887,195 | ||||||
8,161,470 | ||||||||
Metals and Mining — 3.7% | ||||||||
Alcoa Corp. | 46,444 | 1,473,204 | ||||||
ATI, Inc.(1) | 2,710 | 93,712 | ||||||
Cleveland-Cliffs, Inc.(1) | 195,144 | 2,708,599 | ||||||
Commercial Metals Co. | 40,288 | 1,722,312 | ||||||
Freeport-McMoRan, Inc. | 275,937 | 9,475,676 | ||||||
Newmont Corp. | 83,909 | 3,402,510 | ||||||
Nucor Corp. | 76,441 | 10,094,798 | ||||||
Reliance Steel & Aluminum Co. | 14,213 | 3,335,507 | ||||||
Steel Dynamics, Inc. | 54,043 | 4,966,552 | ||||||
United States Steel Corp. | 124,217 | 2,598,619 | ||||||
39,871,489 | ||||||||
Oil, Gas and Consumable Fuels — 15.5% | ||||||||
Antero Midstream Corp. | 34,631 | 353,583 | ||||||
Antero Resources Corp.(1) | 63,483 | 1,295,688 | ||||||
APA Corp. | 37,171 | 1,181,295 | ||||||
Chesapeake Energy Corp. | 17,323 | 1,303,556 | ||||||
Chevron Corp. | 185,957 | 28,008,843 | ||||||
Civitas Resources, Inc. | 14,384 | 960,851 | ||||||
ConocoPhillips | 129,141 | 12,823,701 | ||||||
Coterra Energy, Inc. | 180,148 | 4,188,441 | ||||||
Devon Energy Corp. | 213,907 | 9,861,113 |
Diamondback Energy, Inc. | 53,194 | 6,763,617 | ||||||
EOG Resources, Inc. | 116,389 | 12,487,376 | ||||||
EQT Corp. | 68,227 | 2,372,253 | ||||||
Exxon Mobil Corp. | 233,474 | 23,856,373 | ||||||
Hess Corp. | 53,691 | 6,801,039 | ||||||
HF Sinclair Corp. | 19,589 | 811,768 | ||||||
Marathon Oil Corp. | 176,867 | 3,919,373 | ||||||
Marathon Petroleum Corp. | 84,585 | 8,873,812 | ||||||
Matador Resources Co. | 20,559 | 903,979 | ||||||
Murphy Oil Corp. | 68,540 | 2,385,192 | ||||||
Occidental Petroleum Corp. | 134,531 | 7,757,058 | ||||||
ONEOK, Inc. | 129,449 | 7,334,580 | ||||||
Ovintiv, Inc. | 46,703 | 1,544,468 | ||||||
PBF Energy, Inc., Class A | 18,455 | 679,329 | ||||||
PDC Energy, Inc. | 23,250 | 1,595,415 | ||||||
Phillips 66 | 73,238 | 6,709,333 | ||||||
Pioneer Natural Resources Co. | 11,339 | 2,261,450 | ||||||
Range Resources Corp. | 104,675 | 2,864,955 | ||||||
Southwestern Energy Co.(1) | 254,368 | 1,213,335 | ||||||
Targa Resources Corp. | 14,559 | 990,740 | ||||||
Texas Pacific Land Corp. | 589 | 767,879 | ||||||
Valero Energy Corp. | 25,769 | 2,758,314 | ||||||
Williams Cos., Inc. | 93,994 | 2,693,868 | ||||||
168,322,577 | ||||||||
Paper and Forest Products — 0.1% | ||||||||
Louisiana-Pacific Corp. | 20,613 | 1,206,273 | ||||||
Passenger Airlines — 0.9% | ||||||||
Alaska Air Group, Inc.(1) | 48,097 | 2,160,998 | ||||||
Southwest Airlines Co. | 84,958 | 2,537,696 | ||||||
United Airlines Holdings, Inc.(1) | 98,090 | 4,655,842 | ||||||
9,354,536 | ||||||||
Pharmaceuticals — 6.1% | ||||||||
Bristol-Myers Squibb Co. | 189,320 | 12,199,781 | ||||||
Jazz Pharmaceuticals PLC(1) | 24,609 | 3,153,889 | ||||||
Merck & Co., Inc. | 242,265 | 26,748,479 | ||||||
Pfizer, Inc. | 544,777 | 20,712,422 | ||||||
Viatris, Inc. | 356,103 | 3,258,342 | ||||||
66,072,913 | ||||||||
Professional Services — 0.5% | ||||||||
Automatic Data Processing, Inc. | 872 | 182,239 | ||||||
Robert Half International, Inc. | 50,829 | 3,304,902 | ||||||
TriNet Group, Inc.(1) | 20,112 | 1,787,353 | ||||||
5,274,494 | ||||||||
Real Estate Management and Development — 0.3% | ||||||||
CBRE Group, Inc., Class A(1) | 3,777 | 282,973 | ||||||
Zillow Group, Inc., Class A(1) | 14,617 | 654,695 | ||||||
Zillow Group, Inc., Class C(1) | 56,578 | 2,580,523 | ||||||
3,518,191 | ||||||||
Semiconductors and Semiconductor Equipment — 7.3% | ||||||||
Amkor Technology, Inc. | 50,134 | 1,242,320 | ||||||
Applied Materials, Inc. | 118,830 | 15,840,039 | ||||||
Cirrus Logic, Inc.(1) | 3,927 | 305,049 | ||||||
GLOBALFOUNDRIES, Inc.(1)(2) | 17,535 | 1,022,817 | ||||||
Lam Research Corp. | 23,816 | 14,687,327 | ||||||
Micron Technology, Inc. | 117,887 | 8,039,893 |
ON Semiconductor Corp.(1) | 97,476 | 8,148,994 | ||||||
QUALCOMM, Inc. | 79,804 | 9,050,572 | ||||||
Teradyne, Inc. | 6,411 | 642,318 | ||||||
Texas Instruments, Inc. | 115,818 | 20,138,434 | ||||||
79,117,763 | ||||||||
Specialty Retail — 5.0% | ||||||||
Academy Sports & Outdoors, Inc. | 18,568 | 909,089 | ||||||
Advance Auto Parts, Inc. | 3,630 | 264,591 | ||||||
AutoNation, Inc.(1) | 26,608 | 3,483,519 | ||||||
Best Buy Co., Inc. | 67,204 | 4,883,715 | ||||||
Burlington Stores, Inc.(1) | 16,198 | 2,437,151 | ||||||
CarMax, Inc.(1) | 27,059 | 1,953,930 | ||||||
Dick's Sporting Goods, Inc. | 29,447 | 3,754,787 | ||||||
Lithia Motors, Inc. | 841 | 196,189 | ||||||
Murphy USA, Inc. | 7,051 | 1,949,037 | ||||||
RH(1) | 5,929 | 1,452,486 | ||||||
Ross Stores, Inc. | 28,560 | 2,959,387 | ||||||
TJX Cos., Inc. | 142,724 | 10,959,776 | ||||||
Tractor Supply Co. | 36,230 | 7,593,446 | ||||||
Ulta Beauty, Inc.(1) | 16,423 | 6,730,638 | ||||||
Valvoline, Inc. | 37,587 | 1,447,100 | ||||||
Williams-Sonoma, Inc. | 31,367 | 3,560,468 | ||||||
54,535,309 | ||||||||
Technology Hardware, Storage and Peripherals — 3.3% | ||||||||
Apple, Inc. | 202,924 | 35,968,279 | ||||||
Textiles, Apparel and Luxury Goods — 0.2% | ||||||||
Capri Holdings Ltd.(1) | 37,486 | 1,315,758 | ||||||
Tapestry, Inc. | 18,850 | 754,377 | ||||||
Under Armour, Inc., Class A(1) | 12,408 | 89,462 | ||||||
Under Armour, Inc., Class C(1) | 14,436 | 94,989 | ||||||
2,254,586 | ||||||||
Trading Companies and Distributors — 1.0% | ||||||||
Fastenal Co. | 31,430 | 1,692,506 | ||||||
MSC Industrial Direct Co., Inc., Class A | 4,538 | 408,057 | ||||||
United Rentals, Inc. | 2,899 | 967,657 | ||||||
WW Grainger, Inc. | 12,711 | 8,249,693 | ||||||
11,317,913 | ||||||||
Wireless Telecommunication Services — 0.9% | ||||||||
T-Mobile U.S., Inc.(1) | 73,480 | 10,085,130 | ||||||
TOTAL COMMON STOCKS (Cost $1,109,804,927) | 1,083,067,263 | |||||||
SHORT-TERM INVESTMENTS — 0.1% | ||||||||
Money Market Funds — 0.1% | ||||||||
State Street Institutional U.S. Government Money Market Fund, Premier Class | 497,752 | 497,752 | ||||||
State Street Navigator Securities Lending Government Money Market Portfolio(3) | 931,394 | 931,394 | ||||||
TOTAL SHORT-TERM INVESTMENTS (Cost $1,429,146) | 1,429,146 | |||||||
TOTAL INVESTMENT SECURITIES — 99.8% (Cost $1,111,234,073) | 1,084,496,409 | |||||||
OTHER ASSETS AND LIABILITIES — 0.2% | 1,764,302 | |||||||
TOTAL NET ASSETS — 100.0% | $ | 1,086,260,711 |
NOTES TO SCHEDULE OF INVESTMENTS |