SoFi Weekly Income ETF
|
||||||||
SCHEDULE OF INVESTMENTS at May 31, 2023 (Unaudited)
|
||||||||
|
Prinicipal Amount
|
Value
|
||||||
Asset Backed Securities - 2.9%
|
||||||||
AB Issuer, LLC, Series 2021-1, Class A2
|
||||||||
3.734% , 07/30/2051 (1)
|
$
|
88,875
|
$
|
73,769
|
||||
DB Master Finance, LLC, Series 2021-1A, Class A2I
|
||||||||
2.045% , 11/20/2051 (1)
|
78,800
|
69,502
|
||||||
ITE Rail Fund Levered L.P., Series 2021-1A, Class A
|
||||||||
2.250% , 02/28/2051
|
89,580
|
76,828
|
||||||
Planet Fitness Master Issuer, LLC, Series 2022-1A, Class A2I
|
||||||||
3.251% , 12/05/2051
|
74,250
|
66,896
|
||||||
ServiceMaster Funding, LLC, Series 2020-1, Class A2II
|
||||||||
3.337% , 01/30/2051
|
109,584
|
87,455
|
||||||
SERVPRO Master Issuer, LLC, Series 2021-1A, Class A2
|
||||||||
2.394% , 04/25/2051
|
123,480
|
102,633
|
||||||
Total Asset Backed Securities
|
||||||||
(Cost $559,111)
|
477,083
|
|||||||
Corporate Bonds - 91.8%
|
||||||||
Aerospace & Defense - 2.2%
|
||||||||
Bombardier, Inc.
|
||||||||
7.875% , 04/15/2027
|
121,000
|
119,775
|
||||||
7.500% , 02/01/2029
|
65,000
|
63,190
|
||||||
Spirit AeroSystems, Inc.
|
||||||||
3.850% , 06/15/2026
|
56,000
|
51,611
|
||||||
TransDigm, Inc.
|
||||||||
6.250% , 03/15/2026
|
86,000
|
85,489
|
||||||
6.750% , 08/15/2028
|
40,000
|
40,096
|
||||||
360,161
|
||||||||
Agriculture - 0.7%
|
||||||||
Vector Group Ltd.
|
||||||||
5.750% , 02/01/2029
|
128,000
|
111,367
|
||||||
Airlines - 1.8%
|
||||||||
Delta Air Lines, Inc.
|
||||||||
7.375% , 01/15/2026
|
113,000
|
118,714
|
||||||
Mileage Plus Holdings, LLC / Mileage Plus Intellectual Property Assets Ltd.
|
||||||||
6.500% , 06/20/2027
|
143,650
|
143,533
|
||||||
United Airlines, Inc.
|
||||||||
4.375% , 04/15/2026
|
32,000
|
30,306
|
||||||
292,553
|
||||||||
Apparel - 0.9%
|
||||||||
Hanesbrands, Inc.
|
||||||||
4.875% , 05/15/2026
|
166,000
|
154,857
|
||||||
Auto Manufacturers - 3.0%
|
||||||||
Allison Transmission, Inc.
|
||||||||
4.750% , 10/01/2027
|
105,000
|
99,623
|
||||||
Ford Motor Credit Co, LLC
|
||||||||
3.664% , 09/08/2024
|
400,000
|
385,922
|
||||||
485,545
|
||||||||
Auto Parts & Equipment - 2.3%
|
||||||||
American Axle & Manufacturing, Inc.
|
||||||||
6.500% , 04/01/2027
|
50,000
|
46,702
|
||||||
Clarios Global LP / Clarios US Finance Co.
|
||||||||
6.750% , 05/15/2028
|
80,000
|
80,078
|
||||||
Dana, Inc.
|
||||||||
5.375% , 11/15/2027
|
102,000
|
95,664
|
||||||
ZF North America Capital, Inc.
|
||||||||
6.875% , 04/14/2028
|
150,000
|
150,797
|
||||||
373,241
|
||||||||
Banks - 5.0%
|
||||||||
Barclays PLC
|
||||||||
5.304% (1 Year CMT Rate + 2.300%), 08/09/2026 (1)(2)
|
200,000
|
197,211
|
||||||
Citizens Financial Group, Inc.
|
||||||||
6.000% (3 Month LIBOR USD 3.003%), 07/06/2023 (1)(2)(3)
|
132,000
|
108,900
|
||||||
Credit Suisse AG/New York NY
|
||||||||
7.950% , 01/09/2025
|
250,000
|
254,125
|
||||||
NatWest Group PLC
|
||||||||
6.000% (5 Year CMT Rate + 5.625%), 12/29/2025 (1)(2)(3)
|
200,000
|
186,681
|
||||||
Truist Financial Corp.
|
||||||||
3.700% , 06/05/2025
|
85,000
|
81,798
|
||||||
828,715
|
||||||||
Building Materials - 0.9%
|
||||||||
Eco Material Technologies, Inc.
|
||||||||
7.875% , 01/31/2027
|
90,000
|
85,626
|
||||||
Knife River Holding Co.
|
||||||||
7.750% , 05/01/2031
|
65,000
|
65,429
|
||||||
151,055
|
||||||||
Chemicals - 1.1%
|
||||||||
Methanex Corp.
|
||||||||
4.250% , 12/01/2024
|
50,000
|
48,893
|
||||||
Olin Corp.
|
||||||||
5.125% , 09/15/2027
|
88,000
|
83,432
|
||||||
The Chemours Co.
|
||||||||
4.625% , 11/15/2029
|
56,000
|
45,391
|
||||||
177,716
|
||||||||
Commercial Services - 2.3%
|
||||||||
Allied Universal Holdco LLC / Allied Universal Finance Corp.
|
||||||||
6.625% , 07/15/2026
|
94,000
|
88,390
|
||||||
Block, Inc.
|
||||||||
2.750% , 06/01/2026
|
94,000
|
84,685
|
||||||
Global Payments, Inc.
|
||||||||
4.950% , 08/15/2027
|
84,000
|
82,704
|
||||||
The Brink’s Co.
|
||||||||
4.625% , 10/15/2027
|
59,000
|
55,104
|
||||||
Upbound Group, Inc.
|
||||||||
6.375% , 02/15/2029
|
75,000
|
66,136
|
||||||
377,019
|
||||||||
Computers - 1.1%
|
||||||||
KBR, Inc.
|
||||||||
4.750% , 09/30/2028
|
105,000
|
96,229
|
||||||
Seagate HDD Cayman
|
||||||||
8.250% , 12/15/2029
|
83,000
|
84,953
|
||||||
181,182
|
||||||||
Distribution & Wholesale - 0.8%
|
||||||||
LKQ Corp.
|
||||||||
5.750% , 06/15/2028
|
125,000
|
124,424
|
||||||
Diversified Financial Services - 8.3%
|
||||||||
AerCap Holdings N.V.
|
||||||||
5.875% (5 Year CMT Rate + 4.535%), 10/10/2079 (1)(2)
|
238,000
|
221,794
|
||||||
Aircastle Ltd.
|
||||||||
4.250% , 06/15/2026
|
45,000
|
42,452
|
||||||
Avolon Holdings Funding Ltd.
|
||||||||
4.250% , 04/15/2026
|
116,000
|
107,467
|
||||||
BGC Partners, Inc.
|
||||||||
4.375% , 12/15/2025
|
62,000
|
57,736
|
||||||
Castlelake Aviation Finance DAC
|
||||||||
5.000% , 04/15/2027
|
67,000
|
59,336
|
||||||
The Charles Schwab Corp.
|
||||||||
5.375% (5 Year CMT Rate + 4.971%), 06/01/2025 (1)(2)(3)
|
50,000
|
48,313
|
||||||
The Depository Trust & Clearing Corp.
|
||||||||
3.375% (5 Year CMT Rate + 2.606%), 06/20/2026 (1)(2)(3)
|
250,000
|
186,053
|
||||||
Navient Corp.
|
||||||||
6.750% , 06/15/2026
|
111,000
|
105,339
|
||||||
6.125% , 03/25/2024
|
42,000
|
41,209
|
||||||
OneMain Finance Corp.
|
||||||||
3.500% , 01/15/2027
|
221,000
|
184,269
|
||||||
7.125% , 03/15/2026
|
56,000
|
53,609
|
||||||
Oxford Finance LLC / Oxford Finance Co-Issuer II, Inc.
|
||||||||
6.375% , 02/01/2027
|
93,000
|
85,572
|
||||||
Rocket Mortgage LLC / Rocket Mortgage Co-Issuer, Inc.
|
||||||||
2.875% , 10/15/2026
|
151,000
|
132,124
|
||||||
SLM Corp.
|
||||||||
4.200% , 10/29/2025
|
38,000
|
34,827
|
||||||
1,360,100
|
||||||||
Electric - 2.5%
|
||||||||
American Electric Power Co., Inc.
|
||||||||
5.699% , 08/15/2025
|
85,000
|
77,746
|
||||||
NextEra Energy Operating Partners L.P.
|
||||||||
4.250% , 09/15/2024
|
180,000
|
173,308
|
||||||
3.875% , 10/15/2026
|
56,000
|
51,811
|
||||||
Talen Energy Supply, LLC
|
||||||||
8.625% , 06/01/2030
|
60,000
|
61,122
|
||||||
TransAlta Corp.
|
||||||||
7.750% , 11/15/2029
|
49,000
|
51,026
|
||||||
415,013
|
||||||||
Electrical Components & Equipment - 0.9%
|
||||||||
EnerSys
|
||||||||
4.375% , 12/15/2027
|
156,000
|
145,278
|
||||||
Entertainment - 3.8%
|
||||||||
Allwyn Entertainment Financing UK PLC
|
||||||||
7.875% , 04/30/2029
|
200,000
|
198,674
|
||||||
Caesars Entertainment, Inc.
|
||||||||
6.250% , 07/01/2025
|
115,000
|
114,757
|
||||||
Jacobs Entertainment, Inc.
|
||||||||
6.750% , 02/15/2029
|
80,000
|
70,316
|
||||||
Scientific Games Holdings LP/Scientific Games US FinCo, Inc.
|
||||||||
6.625% , 03/01/2030
|
140,000
|
123,224
|
||||||
Scientific Games International, Inc.
|
||||||||
7.000% , 05/15/2028
|
65,000
|
64,349
|
||||||
Warnermedia Holdings, Inc.
|
||||||||
6.412% , 03/15/2026
|
50,000
|
50,122
|
||||||
621,442
|
||||||||
Environmental Control - 1.0%
|
||||||||
Stericycle, Inc.
|
||||||||
5.375% , 07/15/2024
|
167,000
|
165,330
|
||||||
Healthcare - Products - 0.3%
|
||||||||
Garden Spinco Corp.
|
||||||||
8.625% , 07/20/2030
|
40,000
|
43,329
|
||||||
Healthcare Services - 2.5%
|
||||||||
CHS/Community Health Systems, Inc.
|
||||||||
8.000% , 03/15/2026
|
126,000
|
117,791
|
||||||
DaVita, Inc.
|
||||||||
4.625% , 06/01/2030
|
60,000
|
51,466
|
||||||
Encompass Health Corp.
|
||||||||
4.500% , 02/01/2028
|
70,000
|
64,576
|
||||||
Pediatrix Medical Group, Inc.
|
||||||||
5.375% , 02/15/2030
|
100,000
|
92,111
|
||||||
Tenet Healthcare Corp.
|
||||||||
5.125% , 11/01/2027
|
88,000
|
84,169
|
||||||
410,113
|
||||||||
Home Builders - 0.7%
|
||||||||
Ashton Woods USA LLC / Ashton Woods Finance Co.
|
||||||||
6.625% , 01/15/2028
|
56,000
|
52,585
|
||||||
LGI Homes, Inc.
|
||||||||
4.000% , 07/15/2029
|
78,000
|
63,705
|
||||||
116,290
|
||||||||
Insurance - 1.9%
|
||||||||
NMI Holdings, Inc.
|
||||||||
7.375% , 06/01/2025
|
199,000
|
199,566
|
||||||
SBL Holdings, Inc.
|
||||||||
5.125% , 11/13/2026
|
121,000
|
107,880
|
||||||
307,446
|
||||||||
Internet - 0.9%
|
||||||||
Uber Technologies, Inc.
|
||||||||
8.000% , 11/01/2026
|
63,000
|
64,311
|
||||||
7.500% , 05/15/2025
|
78,000
|
78,979
|
||||||
143,290
|
||||||||
Investment Companies - 5.1%
|
||||||||
Bain Capital Specialty Finance, Inc.
|
||||||||
2.950% , 03/10/2026
|
88,000
|
78,059
|
||||||
Blackstone Private Credit Fund
|
||||||||
2.625% , 12/15/2026
|
156,000
|
133,146
|
||||||
Icahn Enterprises LP / Icahn Enterprises Finance Corp.
|
||||||||
4.750% , 09/15/2024
|
140,000
|
131,157
|
||||||
5.250% , 05/15/2027
|
50,000
|
41,262
|
||||||
Oaktree Specialty Lending Corp.
|
||||||||
2.700% , 01/15/2027
|
54,000
|
46,389
|
||||||
OWL Rock Core Income Corp.
|
||||||||
4.700% , 02/08/2027
|
132,000
|
119,735
|
||||||
Owl Rock Technology Finance Corp.
|
||||||||
4.750% , 12/15/2025
|
229,000
|
207,327
|
||||||
Sixth Street Specialty Lending, Inc.
|
||||||||
3.875% , 11/01/2024
|
89,000
|
85,521
|
||||||
842,596
|
||||||||
Iron & Steel - 1.1%
|
||||||||
Cleveland-Cliffs, Inc.
|
||||||||
5.875% , 06/01/2027
|
86,000
|
83,091
|
||||||
Mineral Resources Ltd.
|
||||||||
8.125% , 05/01/2027
|
46,000
|
46,061
|
||||||
8.000% , 11/01/2027
|
51,000
|
51,196
|
||||||
180,348
|
||||||||
Leisure Time - 1.8%
|
||||||||
Carnival Corp.
|
||||||||
7.625% , 03/01/2026 (7)
|
97,000
|
92,058
|
||||||
NCL Corp. Ltd.
|
||||||||
5.875% , 02/15/2027
|
54,000
|
51,480
|
||||||
8.375% , 02/01/2028
|
65,000
|
67,288
|
||||||
Royal Caribbean Cruises Ltd.
|
||||||||
4.250% , 07/01/2026 (7)
|
95,000
|
87,153
|
||||||
297,979
|
||||||||
Media - 6.2%
|
||||||||
AMC Networks, Inc.
|
||||||||
4.750% , 08/01/2025
|
95,000
|
84,094
|
||||||
Block Communications, Inc.
|
||||||||
4.875% , 03/01/2028
|
95,000
|
78,333
|
||||||
CCO Holdings LLC / CCO Holdings Capital Corp.
|
||||||||
5.125% , 05/01/2027
|
138,000
|
128,018
|
||||||
6.375% , 09/01/2029 (7)
|
51,000
|
47,625
|
||||||
CSC Holdings, LLC
|
||||||||
5.250% , 06/01/2024
|
149,000
|
138,355
|
||||||
DISH DBS Corp.
|
||||||||
5.875% , 11/15/2024
|
37,000
|
31,737
|
||||||
5.250% , 12/01/2026
|
184,000
|
145,690
|
||||||
Gray Television, Inc.
|
||||||||
7.000% , 05/15/2027
|
84,000
|
69,285
|
||||||
Midcontinent Communications / Midcontinent Finance Corp.
|
||||||||
5.375% , 08/15/2027
|
44,000
|
41,060
|
||||||
Nexstar Media, Inc.
|
||||||||
4.750% , 11/01/2028
|
55,000
|
46,475
|
||||||
Radiate Holdco LLC / Radiate Finance, Inc.
|
||||||||
4.500% , 09/15/2026
|
51,000
|
39,329
|
||||||
Sirius XM Radio, Inc.
|
||||||||
4.000% , 07/15/2028
|
122,000
|
102,313
|
||||||
3.125% , 09/01/2026
|
78,000
|
68,907
|
||||||
1,021,221
|
||||||||
Metal Fabricate & Hardware - 0.5%
|
||||||||
Advanced Drainage Systems, Inc.
|
||||||||
6.375% , 06/15/2030
|
88,000
|
86,847
|
||||||
Mining - 0.4%
|
||||||||
Hudbay Minerals, Inc.
|
||||||||
4.500% , 04/01/2026
|
78,000
|
71,571
|
||||||
Oil & Gas - 6.3%
|
||||||||
CNX Resources Corp.
|
||||||||
7.375% , 01/15/2031
|
70,000
|
67,459
|
||||||
Comstock Resources, Inc.
|
||||||||
6.750% , 03/01/2029
|
90,000
|
78,768
|
||||||
EQT Corp.
|
||||||||
6.125% , 02/01/2025 (4)
|
37,000
|
37,061
|
||||||
Occidental Petroleum Corp.
|
||||||||
5.138%, 10/10/2036 (5)(6)
|
186,000
|
98,348
|
||||||
Ovintiv, Inc.
|
||||||||
5.650% , 05/15/2028
|
80,000
|
79,643
|
||||||
Parkland Corp.
|
||||||||
5.875% , 07/15/2027
|
105,000
|
101,119
|
||||||
Permian Resources Operating, LLC
|
||||||||
6.875% , 04/01/2027
|
65,000
|
63,311
|
||||||
Range Resources Corp.
|
||||||||
4.875% , 05/15/2025 (7)
|
114,000
|
111,855
|
||||||
Southwestern Energy Co.
|
||||||||
5.700% , 01/23/2025 (4)
|
86,000
|
85,568
|
||||||
Strathcona Resources Ltd/Alberta
|
||||||||
6.875% , 08/01/2026
|
127,000
|
107,130
|
||||||
Sunoco LP / Sunoco Finance Corp.
|
||||||||
6.000% , 04/15/2027
|
94,000
|
92,578
|
||||||
Vital Energy, Inc.
|
||||||||
9.500% , 01/15/2025
|
70,000
|
69,312
|
||||||
7.750% , 07/31/2029
|
55,000
|
46,079
|
||||||
1,038,231
|
||||||||
Oil & Gas Services - 0.7%
|
||||||||
Enerflex Ltd.
|
||||||||
9.000% , 10/15/2027
|
116,000
|
112,978
|
||||||
Packaging & Containers - 4.4%
|
||||||||
Berry Global, Inc.
|
||||||||
4.875% , 07/15/2026
|
90,000
|
87,189
|
||||||
Graphic Packaging International, LLC
|
||||||||
1.512% , 04/15/2026
|
114,000
|
101,232
|
||||||
LABL, Inc.
|
||||||||
6.750% , 07/15/2026
|
143,000
|
137,664
|
||||||
Mauser Packaging Solutions Holding Co.
|
||||||||
7.875% , 08/15/2026
|
100,000
|
99,223
|
||||||
OI European Group BV
|
||||||||
4.750% , 02/15/2030
|
46,000
|
41,631
|
||||||
Owens-Brockway Glass Container, Inc.
|
||||||||
7.250% , 05/15/2031
|
65,000
|
66,219
|
||||||
Pactiv Evergreen Group Issuer Inc/Pactiv Evergreen Group Issuer, LLC
|
||||||||
4.000% , 10/15/2027
|
75,000
|
66,183
|
||||||
Sealed Air Corp.
|
||||||||
5.500% , 09/15/2025
|
129,000
|
128,230
|
||||||
727,571
|
||||||||
Pharmaceuticals - 1.5%
|
||||||||
BellRing Brands, Inc.
|
||||||||
7.000% , 03/15/2030
|
80,000
|
81,182
|
||||||
Owens & Minor, Inc.
|
||||||||
6.625% , 04/01/2030
|
90,000
|
81,225
|
||||||
Teva Pharmaceutical Finance Netherlands III BV
|
||||||||
2.800% , 07/21/2023
|
29,000
|
28,803
|
||||||
3.150% , 10/01/2026
|
65,000
|
58,094
|
||||||
249,304
|
||||||||
Pipelines - 5.9%
|
||||||||
Buckeye Partners L.P.
|
||||||||
3.950% , 12/01/2026
|
121,000
|
108,043
|
||||||
4.125% , 03/01/2025
|
50,000
|
47,683
|
||||||
Enterprise Products Operating, LLC
|
||||||||
8.304% (3 Month LIBOR USD + 2.986%), 08/16/2077 (1)
|
136,000
|
132,159
|
||||||
EQM Midstream Partners L.P.
|
||||||||
4.125% , 12/01/2026
|
54,000
|
49,753
|
||||||
Genesis Energy LP / Genesis Energy Finance Corp.
|
||||||||
6.250% , 05/15/2026
|
90,000
|
85,621
|
||||||
Global Partners LP / GLP Finance Corp.
|
||||||||
7.000% , 08/01/2027
|
51,000
|
49,014
|
||||||
Hess Midstream Operations L.P.
|
||||||||
5.125% , 06/15/2028
|
113,000
|
105,957
|
||||||
New Fortress Energy, Inc.
|
||||||||
6.500% , 09/30/2026
|
180,000
|
159,699
|
||||||
NuStar Logistics L.P.
|
||||||||
5.750% , 10/01/2025
|
167,000
|
163,303
|
||||||
Western Midstream Operating L.P.
|
||||||||
3.950% , 06/01/2025
|
77,000
|
74,153
|
||||||
975,385
|
||||||||
Real Estate - 0.5%
|
||||||||
Newmark Group, Inc.
|
||||||||
6.125% , 11/15/2023
|
88,000
|
87,383
|
||||||
Real Estate Investment Trusts (REITs) - 3.1%
|
||||||||
Blackstone Mortgage Trust, Inc.
|
||||||||
3.750% , 01/15/2027
|
73,000
|
61,119
|
||||||
EPR Properties
|
||||||||
4.750% , 12/15/2026
|
140,000
|
126,500
|
||||||
MPT Operating Partnership LP / MPT Finance Corp.
|
||||||||
5.000% , 10/15/2027 (7)
|
173,000
|
142,275
|
||||||
Starwood Property Trust, Inc.
|
||||||||
4.750% , 03/15/2025
|
78,000
|
73,271
|
||||||
3.750% , 12/31/2024
|
38,000
|
35,699
|
||||||
VICI Properties LP / VICI Note Co., Inc.
|
||||||||
3.750% , 02/15/2027
|
71,000
|
65,838
|
||||||
504,702
|
||||||||
Retail - 4.2%
|
||||||||
Academy Ltd.
|
||||||||
6.000% , 11/15/2027
|
84,000
|
81,197
|
||||||
Asbury Automotive Group, Inc.
|
||||||||
4.500% , 03/01/2028
|
108,000
|
98,643
|
||||||
Bath & Body Works, Inc.
|
||||||||
6.694% , 01/15/2027
|
109,000
|
109,592
|
||||||
Evergreen Acqco 1 LP / TVI, Inc.
|
||||||||
9.750% , 04/26/2028
|
65,000
|
65,101
|
||||||
FirstCash, Inc.
|
||||||||
4.625% , 09/01/2028
|
91,000
|
81,108
|
||||||
Group 1 Automotive, Inc.
|
||||||||
4.000% , 08/15/2028
|
102,000
|
89,425
|
||||||
Lithia Motors, Inc.
|
||||||||
3.875% , 06/01/2029
|
50,000
|
43,143
|
||||||
Macy’s Retail Holdings, LLC
|
||||||||
5.875% , 03/15/2030
|
59,000
|
51,211
|
||||||
QVC, Inc.
|
||||||||
4.850% , 04/01/2024
|
66,000
|
63,037
|
||||||
682,457
|
||||||||
Semiconductors - 1.0%
|
||||||||
Amkor Technology, Inc.
|
||||||||
6.625% , 09/15/2027
|
167,000
|
166,982
|
||||||
Software - 0.6%
|
||||||||
Consensus Cloud Solutions, Inc.
|
||||||||
6.000% , 10/15/2026
|
116,000
|
105,679
|
||||||
Telecommunications - 2.8%
|
||||||||
Altice France SA/France
|
||||||||
8.125% , 02/01/2027
|
200,000
|
172,561
|
||||||
Frontier Communications Holdings, LLC
|
||||||||
5.875% , 10/15/2027
|
85,000
|
75,838
|
||||||
5.000% , 05/01/2028
|
40,000
|
33,538
|
||||||
Level 3 Financing, Inc.
|
||||||||
4.250% , 07/01/2028
|
121,000
|
69,732
|
||||||
Lumen Technologies, Inc.
|
||||||||
4.000% , 02/15/2027
|
165,000
|
108,120
|
||||||
459,789
|
||||||||
Toys, Games, & Hobbies - 0.8%
|
||||||||
Mattel, Inc.
|
||||||||
3.375% , 04/01/2026
|
137,000
|
125,871
|
||||||
Total Corporate Bonds
|
||||||||
(Cost $15,956,271)
|
15,082,360
|
|||||||
Mortgage Backed Securities - 1.3%
|
||||||||
Federal Home Loan Mortgage Corporation REMICS
|
||||||||
4.000% , 07/15/2047
|
107,670
|
17,406
|
||||||
Federal National Mortgage Association Interest Strips
|
||||||||
5.000% , 01/25/2043
|
523,190
|
93,106
|
||||||
4.000% , 01/25/2048
|
396,107
|
48,131
|
||||||
Federal National Mortgage Association REMICS
|
||||||||
3.000% , 03/25/2028
|
803,242
|
36,201
|
||||||
5.000% , 07/25/2046
|
68,607
|
11,069
|
||||||
0.574% (SOFR + 1.500%), 05/25/2051 (1)
|
275,671
|
345
|
||||||
Total Mortgage Backed Securities
|
||||||||
(Cost $157,198)
|
206,258
|
|||||||
Municipal Bonds - 0.4%
|
||||||||
State of Illinois
|
||||||||
4.950% , 06/01/2023
|
63,272
|
63,272
|
||||||
Total Municipal Bonds
|
||||||||
(Cost $63,272)
|
63,272
|
|||||||
United States Treasury Obligations - 1.6%
|
||||||||
United States Treasury Bills - 1.6%
|
||||||||
United States Treasury Bill
|
||||||||
4.843%, 09/14/2023 (5)(6)
|
272,000
|
267,986
|
||||||
Total United States Treasury Obligations
|
||||||||
(Cost $268,235)
|
267,986
|
|||||||
Short-Term Investments - 0.6%
|
Shares
|
|||||||
Money Market Funds - 0.6%
|
||||||||
First American Government Obligations Fund, Class X, 4.970% (8)
|
102,204
|
102,204
|
||||||
Total Short-Term Investments
|
||||||||
(Cost $102,204)
|
102,204
|
|||||||
Investments Purchased with Proceeds from Securities Lending - 2.8%
|
||||||||
Mount Vernon Liquid Assets Portfolio, LLC, 5.290% (8)
|
464,465
|
464,465
|
||||||
Total Investments Purchased with Proceeds from Securities Lending
|
||||||||
(Cost $464,465)
|
464,465
|
|||||||
Total Investments in Securities - 101.4%
|
||||||||
(Cost $17,570,756)
|
16,663,628
|
|||||||
Liabilities in Excess of Other Assets - (1.4)%
|
(226,526
|
)
|
||||||
Total Net Assets - 100.0%
|
$
|
16,437,102
|
CMT
|
Constant Maturity Treasury Rate
|
||||
LIBOR
|
London Interbank Offered Rate
|
||||
SOFR
|
Secured Overnight Financing Rate
|
||||
USD
|
United States Dollar
|
||||
(1)
|
Variable rate security; rate shown is the rate in effect on May 31, 2023. An index may have a negative rate. Interest rate may also be
subject to a ceiling or floor.
|
||||
(2)
|
Fixed-to-variable or fixed-to-float bond; rate shown is the rate in effect on May 31, 2023. An index mayhave a negative rate. Interest rate may
also be subject to a ceiling or floor.
|
||||
(3)
|
Perpetual call date security. Date shown is next call date.
|
||||
(4)
|
Step-up bond; the interest rate shown is the rate in effect as of May 31, 2023.
|
||||
(5)
|
Rate represents the annualized effective yield to maturity from the purchase price.
|
||||
(6)
|
Zero coupon security.
|
||||
(7)
|
This security or a portion of this security was out on loan as of May 31, 2023. Total loaned securities had a value of
$453,657 or 2.8% of net assets. The remaining contractual maturity of all of the securities lending transactions is overnight and continuous.
|
||||
(8)
|
The rate shown is the annualized seven-day effective yield as of May 31, 2023.
|
Summary of Fair Value Exposure at May 31, 2023 (Unaudited)
|
|||||||||
The SoFi Weekly Income ETF (the “Fund”) utilizes various methods to measure the fair value of its investments on a recurring basis. U.S. GAAP
establishes a hierarchy that prioritizes inputs to valuation methods. The three levels of inputs are:
|
|||||||||
• Level 1 — Unadjusted quoted prices in active markets for identical assets or liabilities that the Fund has the ability to access.
• Level 2 — Observable inputs other than quoted prices included in Level 1 that are observable for the asset or liability, either directly or indirectly. These inputs may include quoted prices for the identical instrument on an inactive market, prices for similar instruments, interest rates, prepayment spreads, credit risk, yield curves, default rates and similar data. • Level 3 — Unobservable inputs for the asset or liability, to the extent relevant observable inputs are not available, representing the Fund’s own assumptions about the assumptions a market participant would use in valuing the asset or liability, and would be based on the best information available. |
|||||||||
The following is a summary of the inputs used to value the Fund’s investments as of May 31, 2023:
|
Description
|
Investments
Measured at Net
Asset Value
|
Level 1
|
Level 2
|
Level 3
|
Total
|
||||||||||||||
Asset Backed Securities
|
$
|
–
|
$
|
–
|
$
|
477,083
|
$
|
–
|
$
|
477,083
|
|||||||||
Corporate Bonds (1)
|
-
|
-
|
15,082,360
|
-
|
15,082,360
|
||||||||||||||
Mortgage Backed Securities
|
-
|
-
|
206,258
|
-
|
206,258
|
||||||||||||||
Municipal Bonds
|
-
|
-
|
63,272
|
-
|
63,272
|
||||||||||||||
United States Treasury Obligations
|
-
|
-
|
267,986
|
-
|
267,986
|
||||||||||||||
Short-Term Investments
|
-
|
102,204
|
-
|
-
|
102,204
|
||||||||||||||
Investments Purchased With Collateral From Securities Lending (2)
|
464,465
|
-
|
-
|
-
|
464,465
|
||||||||||||||
Total Investments in Securities
|
$
|
464,465
|
$
|
102,204
|
$
|
16,096,959
|
$
|
–
|
$
|
16,663,628
|
|||||||||
(1) See Schedule of Investments for industry breakout.
|
|||||||||||||||||||
(2) Certain investments that are measured at fair value using the net asset value per share (or its equivalent) practical
expedient have not been categorized in the fair value hierarchy. The fair value amounts presented in the table are intended to permit reconciliation of the fair value hierarchy to the amounts presented in the Schedule of Investments.
|