U.S. Quality Value ETF - Schedule of Investments | ||
MAY 31, 2024 (UNAUDITED) |
Shares | Value ($) | |||||||
COMMON STOCKS — 99.1% | ||||||||
Aerospace and Defense — 0.3% | ||||||||
Lockheed Martin Corp. | 737 | 346,641 | ||||||
Textron, Inc. | 3,922 | 343,606 | ||||||
690,247 | ||||||||
Air Freight and Logistics — 0.5% | ||||||||
Expeditors International of Washington, Inc. | 2,949 | 356,534 | ||||||
FedEx Corp. | 1,380 | 350,465 | ||||||
United Parcel Service, Inc., Class B | 2,474 | 343,713 | ||||||
1,050,712 | ||||||||
Automobile Components — 0.2% | ||||||||
BorgWarner, Inc. | 9,810 | 349,825 | ||||||
Automobiles — 0.2% | ||||||||
General Motors Co. | 7,870 | 354,071 | ||||||
Banks — 0.2% | ||||||||
Bank OZK | 11,948 | 500,382 | ||||||
Beverages — 1.9% | ||||||||
Coca-Cola Co. | 34,448 | 2,167,813 | ||||||
Coca-Cola Consolidated, Inc. | 1,146 | 1,124,272 | ||||||
National Beverage Corp.(1) | 7,570 | 349,734 | ||||||
PepsiCo, Inc. | 3,016 | 521,466 | ||||||
4,163,285 | ||||||||
Biotechnology — 2.2% | ||||||||
AbbVie, Inc. | 14,700 | 2,370,228 | ||||||
Alkermes PLC(1) | 14,339 | 335,533 | ||||||
Exelixis, Inc.(1) | 16,861 | 365,715 | ||||||
Gilead Sciences, Inc. | 8,626 | 554,393 | ||||||
Incyte Corp.(1) | 5,990 | 346,162 | ||||||
United Therapeutics Corp.(1) | 1,540 | 423,700 | ||||||
Vertex Pharmaceuticals, Inc.(1) | 763 | 347,424 | ||||||
4,743,155 | ||||||||
Broadline Retail — 1.9% | ||||||||
Amazon.com, Inc.(1) | 1,023 | 180,498 | ||||||
Dillard's, Inc., Class A | 1,552 | 694,287 | ||||||
eBay, Inc. | 51,766 | 2,806,753 | ||||||
Macy's, Inc. | 20,521 | 399,749 | ||||||
4,081,287 | ||||||||
Building Products — 2.5% | ||||||||
A O Smith Corp. | 4,157 | 347,691 | ||||||
Allegion PLC | 5,097 | 620,917 | ||||||
Masco Corp. | 24,863 | 1,738,421 | ||||||
Owens Corning | 13,219 | 2,393,564 | ||||||
Trane Technologies PLC | 821 | 268,845 | ||||||
5,369,438 | ||||||||
Capital Markets — 2.4% | ||||||||
Affiliated Managers Group, Inc. | 2,190 | 356,094 | ||||||
Bank of New York Mellon Corp. | 5,900 | 351,699 | ||||||
Evercore, Inc., Class A | 1,744 | 353,927 | ||||||
Northern Trust Corp. | 4,153 | 349,849 | ||||||
SEI Investments Co. | 38,804 | 2,627,419 | ||||||
State Street Corp. | 4,627 | 349,755 |
Stifel Financial Corp. | 4,377 | 354,318 | ||||||
T Rowe Price Group, Inc. | 3,115 | 367,040 | ||||||
5,110,101 | ||||||||
Chemicals — 1.9% | ||||||||
Axalta Coating Systems Ltd.(1) | 9,858 | 350,846 | ||||||
Ecolab, Inc. | 2,353 | 546,367 | ||||||
LyondellBasell Industries NV, Class A | 20,362 | 2,024,390 | ||||||
NewMarket Corp. | 976 | 522,228 | ||||||
PPG Industries, Inc. | 1,414 | 185,814 | ||||||
Sherwin-Williams Co. | 1,113 | 338,129 | ||||||
3,967,774 | ||||||||
Commercial Services and Supplies — 3.2% | ||||||||
Cintas Corp. | 3,689 | 2,501,032 | ||||||
Rollins, Inc. | 48,787 | 2,229,078 | ||||||
Veralto Corp. | 22,002 | 2,168,957 | ||||||
6,899,067 | ||||||||
Communications Equipment — 3.5% | ||||||||
Cisco Systems, Inc. | 53,528 | 2,489,052 | ||||||
F5, Inc.(1) | 14,174 | 2,394,981 | ||||||
Motorola Solutions, Inc. | 7,132 | 2,602,538 | ||||||
7,486,571 | ||||||||
Construction and Engineering — 0.5% | ||||||||
EMCOR Group, Inc. | 1,931 | 750,503 | ||||||
Valmont Industries, Inc. | 1,356 | 340,898 | ||||||
1,091,401 | ||||||||
Consumer Finance — 0.4% | ||||||||
OneMain Holdings, Inc. | 7,207 | 354,008 | ||||||
Synchrony Financial | 13,680 | 599,184 | ||||||
953,192 | ||||||||
Consumer Staples Distribution & Retail — 5.8% | ||||||||
Kroger Co. | 42,739 | 2,238,241 | ||||||
Sprouts Farmers Market, Inc.(1) | 13,451 | 1,062,360 | ||||||
Sysco Corp. | 2,543 | 185,181 | ||||||
Target Corp. | 18,509 | 2,890,366 | ||||||
U.S. Foods Holding Corp.(1) | 6,458 | 341,176 | ||||||
Walmart, Inc. | 86,501 | 5,688,306 | ||||||
12,405,630 | ||||||||
Containers and Packaging — 0.4% | ||||||||
Amcor PLC | 39,215 | 398,817 | ||||||
Packaging Corp. of America | 1,909 | 350,282 | ||||||
749,099 | ||||||||
Distributors — 0.7% | ||||||||
Genuine Parts Co. | 9,738 | 1,403,635 | ||||||
Diversified Consumer Services — 0.5% | ||||||||
ADT, Inc. | 47,797 | 339,837 | ||||||
H&R Block, Inc. | 16,765 | 832,214 | ||||||
1,172,051 | ||||||||
Electrical Equipment — 1.7% | ||||||||
Acuity Brands, Inc. | 6,545 | 1,699,147 | ||||||
Eaton Corp. PLC | 4,541 | 1,511,472 | ||||||
Hubbell, Inc. | 1,221 | 474,835 | ||||||
3,685,454 | ||||||||
Electronic Equipment, Instruments and Components — 4.4% | ||||||||
Amphenol Corp., Class A | 4,739 | 627,301 |
Badger Meter, Inc. | 1,724 | 332,663 | ||||||
Insight Enterprises, Inc.(1) | 4,299 | 840,455 | ||||||
Jabil, Inc. | 9,555 | 1,136,090 | ||||||
Keysight Technologies, Inc.(1) | 2,392 | 331,244 | ||||||
TD SYNNEX Corp. | 3,286 | 429,940 | ||||||
TE Connectivity Ltd. | 35,472 | 5,310,158 | ||||||
Trimble, Inc.(1) | 6,051 | 336,920 | ||||||
9,344,771 | ||||||||
Entertainment — 1.2% | ||||||||
Electronic Arts, Inc. | 2,561 | 340,305 | ||||||
Netflix, Inc.(1) | 3,485 | 2,236,046 | ||||||
2,576,351 | ||||||||
Financial Services — 1.7% | ||||||||
Euronet Worldwide, Inc.(1) | 3,480 | 405,698 | ||||||
Fidelity National Information Services, Inc. | 4,510 | 342,219 | ||||||
Jack Henry & Associates, Inc. | 2,044 | 336,606 | ||||||
MGIC Investment Corp. | 84,388 | 1,772,148 | ||||||
Visa, Inc., Class A | 1,255 | 341,937 | ||||||
Western Union Co. | 26,907 | 344,410 | ||||||
3,543,018 | ||||||||
Food Products — 2.2% | ||||||||
Campbell Soup Co. | 7,540 | 334,625 | ||||||
Conagra Brands, Inc. | 11,305 | 337,794 | ||||||
Flowers Foods, Inc. | 22,601 | 524,795 | ||||||
General Mills, Inc. | 7,985 | 548,969 | ||||||
Hershey Co. | 922 | 182,399 | ||||||
Ingredion, Inc. | 17,578 | 2,066,821 | ||||||
Kellanova | 5,881 | 354,860 | ||||||
Post Holdings, Inc.(1) | 3,260 | 347,418 | ||||||
4,697,681 | ||||||||
Health Care Equipment and Supplies — 0.2% | ||||||||
IDEXX Laboratories, Inc.(1) | 359 | 178,405 | ||||||
ResMed, Inc. | 1,626 | 335,493 | ||||||
513,898 | ||||||||
Health Care Providers and Services — 5.5% | ||||||||
Cardinal Health, Inc. | 9,444 | 937,506 | ||||||
Cencora, Inc. | 1,566 | 354,809 | ||||||
Centene Corp.(1) | 4,450 | 318,576 | ||||||
Cigna Group | 7,404 | 2,551,567 | ||||||
DaVita, Inc.(1) | 5,354 | 787,680 | ||||||
Elevance Health, Inc. | 654 | 352,166 | ||||||
Encompass Health Corp. | 4,070 | 351,607 | ||||||
McKesson Corp. | 8,980 | 5,114,918 | ||||||
Quest Diagnostics, Inc. | 2,457 | 348,820 | ||||||
Tenet Healthcare Corp.(1) | 2,668 | 360,767 | ||||||
Universal Health Services, Inc., Class B | 1,945 | 369,161 | ||||||
11,847,577 | ||||||||
Hotels, Restaurants and Leisure — 1.0% | ||||||||
Booking Holdings, Inc. | 107 | 404,070 | ||||||
Chipotle Mexican Grill, Inc.(1) | 110 | 344,247 | ||||||
Domino's Pizza, Inc. | 1,054 | 536,043 | ||||||
Expedia Group, Inc.(1) | 3,115 | 351,559 | ||||||
Texas Roadhouse, Inc. | 2,721 | 469,835 | ||||||
2,105,754 | ||||||||
Household Durables — 1.0% | ||||||||
Lennar Corp., Class A | 4,227 | 677,800 | ||||||
NVR, Inc.(1) | 47 | 360,994 | ||||||
PulteGroup, Inc. | 3,463 | 406,279 | ||||||
Taylor Morrison Home Corp.(1) | 6,047 | 349,698 | ||||||
Toll Brothers, Inc. | 3,051 | 371,124 | ||||||
2,165,895 | ||||||||
Household Products — 5.5% | ||||||||
Clorox Co. | 12,090 | 1,590,560 | ||||||
Colgate-Palmolive Co. | 27,664 | 2,571,646 | ||||||
Kimberly-Clark Corp. | 22,594 | 3,011,780 | ||||||
Procter & Gamble Co. | 15,516 | 2,553,003 | ||||||
Reynolds Consumer Products, Inc. | 69,753 | 1,983,775 | ||||||
11,710,764 | ||||||||
Industrial Conglomerates — 0.2% | ||||||||
3M Co. | 3,458 | 346,284 | ||||||
Insurance — 1.9% | ||||||||
Allstate Corp. | 3,331 | 558,009 | ||||||
Axis Capital Holdings Ltd. | 5,501 | 406,414 | ||||||
Everest Group Ltd. | 888 | 347,146 | ||||||
Globe Life, Inc. | 4,272 | 353,551 | ||||||
Hartford Financial Services Group, Inc. | 3,419 | 353,695 | ||||||
Loews Corp. | 4,640 | 356,352 | ||||||
Old Republic International Corp. | 6,440 | 204,663 | ||||||
Progressive Corp. | 1,694 | 357,739 | ||||||
Reinsurance Group of America, Inc. | 1,769 | 371,136 | ||||||
Travelers Cos., Inc. | 1,621 | 349,650 | ||||||
Unum Group | 6,572 | 353,968 | ||||||
4,012,323 | ||||||||
Interactive Media and Services — 1.4% | ||||||||
Alphabet, Inc., Class A(1) | 15,263 | 2,632,868 | ||||||
Meta Platforms, Inc., Class A | 739 | 344,987 | ||||||
2,977,855 | ||||||||
IT Services — 4.0% | ||||||||
Akamai Technologies, Inc.(1) | 3,663 | 337,875 | ||||||
Amdocs Ltd. | 29,447 | 2,326,313 | ||||||
Cognizant Technology Solutions Corp., Class A | 42,173 | 2,789,744 | ||||||
GoDaddy, Inc., Class A(1) | 3,201 | 446,956 | ||||||
International Business Machines Corp. | 14,035 | 2,341,740 | ||||||
VeriSign, Inc.(1) | 2,001 | 348,814 | ||||||
8,591,442 | ||||||||
Life Sciences Tools and Services — 1.4% | ||||||||
Medpace Holdings, Inc.(1) | 3,405 | 1,315,488 | ||||||
Mettler-Toledo International, Inc.(1) | 1,163 | 1,632,956 | ||||||
2,948,444 | ||||||||
Machinery — 5.3% | ||||||||
Allison Transmission Holdings, Inc. | 5,155 | 390,800 | ||||||
Caterpillar, Inc. | 682 | 230,871 | ||||||
Donaldson Co., Inc. | 37,345 | 2,751,579 | ||||||
Esab Corp. | 3,339 | 343,316 | ||||||
Flowserve Corp. | 13,573 | 674,578 | ||||||
Illinois Tool Works, Inc. | 8,559 | 2,077,697 | ||||||
ITT, Inc. | 2,677 | 355,720 | ||||||
Lincoln Electric Holdings, Inc. | 5,408 | 1,061,915 | ||||||
Mueller Industries, Inc. | 8,036 | 473,401 |
Otis Worldwide Corp. | 13,418 | 1,331,066 | ||||||
PACCAR, Inc. | 3,161 | 339,807 | ||||||
Parker-Hannifin Corp. | 482 | 256,193 | ||||||
Snap-on, Inc. | 1,273 | 347,351 | ||||||
Timken Co. | 3,913 | 340,000 | ||||||
Watts Water Technologies, Inc., Class A | 1,707 | 339,915 | ||||||
11,314,209 | ||||||||
Media — 3.7% | ||||||||
Comcast Corp., Class A | 119,063 | 4,766,092 | ||||||
Fox Corp., Class A | 11,226 | 386,511 | ||||||
New York Times Co., Class A | 41,917 | 2,146,151 | ||||||
Nexstar Media Group, Inc., Class A | 2,183 | 361,701 | ||||||
Omnicom Group, Inc. | 3,652 | 339,490 | ||||||
7,999,945 | ||||||||
Metals and Mining — 0.5% | ||||||||
Commercial Metals Co. | 6,221 | 350,367 | ||||||
Nucor Corp. | 2,006 | 338,713 | ||||||
Steel Dynamics, Inc. | 2,935 | 392,908 | ||||||
1,081,988 | ||||||||
Oil, Gas and Consumable Fuels — 1.1% | ||||||||
Exxon Mobil Corp. | 3,032 | 355,532 | ||||||
Marathon Petroleum Corp. | 9,499 | 1,677,618 | ||||||
Valero Energy Corp. | 2,397 | 376,665 | ||||||
2,409,815 | ||||||||
Personal Care Products — 0.1% | ||||||||
BellRing Brands, Inc.(1) | 3,136 | 182,421 | ||||||
Pharmaceuticals — 0.2% | ||||||||
Johnson & Johnson | 3,519 | 516,132 | ||||||
Professional Services — 1.5% | ||||||||
Booz Allen Hamilton Holding Corp. | 4,972 | 756,788 | ||||||
CACI International, Inc., Class A(1) | 808 | 342,980 | ||||||
Exponent, Inc. | 3,608 | 343,193 | ||||||
Genpact Ltd. | 10,172 | 336,286 | ||||||
Insperity, Inc. | 3,331 | 315,512 | ||||||
Maximus, Inc. | 3,996 | 344,056 | ||||||
Robert Half, Inc. | 5,149 | 330,720 | ||||||
Science Applications International Corp. | 2,517 | 338,914 | ||||||
3,108,449 | ||||||||
Real Estate Management and Development — 0.7% | ||||||||
Jones Lang LaSalle, Inc.(1) | 7,022 | 1,418,936 | ||||||
Retail REITs — 0.9% | ||||||||
Simon Property Group, Inc. | 12,810 | 1,938,281 | ||||||
Semiconductors and Semiconductor Equipment — 4.6% | ||||||||
Amkor Technology, Inc. | 31,679 | 1,032,419 | ||||||
Applied Materials, Inc. | 2,037 | 438,118 | ||||||
Broadcom, Inc. | 247 | 328,152 | ||||||
Cirrus Logic, Inc.(1) | 4,015 | 460,520 | ||||||
KLA Corp. | 2,428 | 1,844,139 | ||||||
Lam Research Corp. | 424 | 395,355 | ||||||
QUALCOMM, Inc. | 22,830 | 4,658,461 | ||||||
Skyworks Solutions, Inc. | 3,773 | 349,606 | ||||||
Teradyne, Inc. | 2,454 | 345,867 | ||||||
9,852,637 | ||||||||
Software — 4.7% | ||||||||
Adobe, Inc.(1) | 712 | 316,669 |
AppLovin Corp., Class A(1) | 4,342 | 353,786 | ||||||
Autodesk, Inc.(1) | 861 | 173,578 | ||||||
DocuSign, Inc.(1) | 18,011 | 985,922 | ||||||
Dolby Laboratories, Inc., Class A | 4,300 | 348,343 | ||||||
Dropbox, Inc., Class A(1) | 29,705 | 669,254 | ||||||
Fair Isaac Corp.(1) | 137 | 176,720 | ||||||
Fortinet, Inc.(1) | 5,648 | 335,039 | ||||||
Informatica, Inc., Class A(1) | 11,521 | 332,381 | ||||||
Manhattan Associates, Inc.(1) | 7,636 | 1,676,408 | ||||||
Microsoft Corp. | 5,709 | 2,369,977 | ||||||
Pegasystems, Inc. | 5,675 | 326,086 | ||||||
Qualys, Inc.(1) | 5,388 | 757,661 | ||||||
ServiceNow, Inc.(1) | 454 | 298,246 | ||||||
SPS Commerce, Inc.(1) | 1,832 | 344,581 | ||||||
Workiva, Inc.(1) | 2,296 | 176,723 | ||||||
Zoom Video Communications, Inc., Class A(1) | 5,513 | 338,167 | ||||||
9,979,541 | ||||||||
Specialized REITs — 0.1% | ||||||||
Lamar Advertising Co., Class A | 1,707 | 201,614 | ||||||
Specialty Retail — 4.1% | ||||||||
AutoNation, Inc.(1) | 2,031 | 345,778 | ||||||
Best Buy Co., Inc. | 24,567 | 2,083,773 | ||||||
Dick's Sporting Goods, Inc. | 3,597 | 818,821 | ||||||
Gap, Inc. | 49,492 | 1,433,288 | ||||||
Home Depot, Inc. | 7,015 | 2,349,113 | ||||||
Ross Stores, Inc. | 1,405 | 196,363 | ||||||
TJX Cos., Inc. | 1,862 | 191,972 | ||||||
Williams-Sonoma, Inc. | 4,837 | 1,418,305 | ||||||
8,837,413 | ||||||||
Technology Hardware, Storage and Peripherals — 5.1% | ||||||||
Apple, Inc. | 18,818 | 3,617,761 | ||||||
Dell Technologies, Inc., Class C | 11,204 | 1,563,630 | ||||||
HP, Inc. | 110,096 | 4,018,504 | ||||||
NetApp, Inc. | 15,088 | 1,817,048 | ||||||
11,016,943 | ||||||||
Textiles, Apparel and Luxury Goods — 1.4% | ||||||||
Columbia Sportswear Co. | 4,932 | 422,278 | ||||||
Crocs, Inc.(1) | 2,388 | 371,668 | ||||||
PVH Corp. | 3,068 | 368,191 | ||||||
Ralph Lauren Corp. | 2,029 | 379,179 | ||||||
Skechers USA, Inc., Class A(1) | 5,107 | 364,742 | ||||||
Tapestry, Inc. | 26,241 | 1,141,221 | ||||||
3,047,279 | ||||||||
Tobacco — 0.9% | ||||||||
Altria Group, Inc. | 43,720 | 2,022,050 | ||||||
Trading Companies and Distributors — 1.7% | ||||||||
Applied Industrial Technologies, Inc. | 2,160 | 416,880 | ||||||
Beacon Roofing Supply, Inc.(1) | 1,964 | 190,626 | ||||||
Core & Main, Inc., Class A(1) | 5,980 | 344,209 | ||||||
Fastenal Co. | 5,230 | 345,075 | ||||||
MSC Industrial Direct Co., Inc., Class A | 3,883 | 333,550 | ||||||
WW Grainger, Inc. | 2,284 | 2,104,614 | ||||||
3,734,954 | ||||||||
TOTAL COMMON STOCKS (Cost $192,820,938) | 212,271,041 | |||||||
SHORT-TERM INVESTMENTS — 0.3% | ||||||||
Money Market Funds — 0.3% | ||||||||
State Street Institutional U.S. Government Money Market Fund, Premier Class (Cost $602,188) | 602,188 | 602,188 | ||||||
TOTAL INVESTMENT SECURITIES — 99.4% (Cost $193,423,126) | 212,873,229 | |||||||
OTHER ASSETS AND LIABILITIES — 0.6% | 1,289,879 | |||||||
TOTAL NET ASSETS — 100.0% | $ | 214,163,108 |
NOTES TO SCHEDULE OF INVESTMENTS |