God Bless America ETF
Schedule of Investments
as of May 31, 2024 (Unaudited)
| COMMON STOCKS - 97.6% | Shares | Value | ||||||
| Aerospace & Defense - 5.4% | ||||||||
| The Boeing Co.(a) | 20,938 | $ | 3,718,798 | |||||
| Airlines - 2.1% | ||||||||
| Southwest Airlines Co. | 54,071 | 1,451,266 | ||||||
| Auto Manufacturers - 6.6% | ||||||||
| Tesla, Inc.(a) | 25,485 | 4,538,369 | ||||||
| Banks - 2.6% | ||||||||
| Regions Financial Corp. | 92,202 | 1,784,109 | ||||||
| Biotechnology - 4.7% | ||||||||
| Amgen, Inc. | 10,623 | 3,249,044 | ||||||
| Building Materials - 0.9% | ||||||||
| Martin Marietta Materials, Inc. | 1,103 | 631,004 | ||||||
| Chemicals - 1.8% | ||||||||
| The Sherwin-Williams Co. | 4,074 | 1,237,681 | ||||||
| Commercial Services - 2.0% | ||||||||
| Cintas Corp. | 2,029 | 1,375,601 | ||||||
| Cosmetics & Personal Care - 1.6% | ||||||||
| Colgate-Palmolive Co. | 11,581 | 1,076,570 | ||||||
| Distribution & Wholesale - 3.5% | ||||||||
| Copart, Inc.(a) | 45,027 | 2,389,133 | ||||||
| Diversified Financial Services - 4.5% | ||||||||
| The Charles Schwab Corp. | 42,579 | 3,120,189 | ||||||
| Electric - 3.1% | ||||||||
| Dominion Energy, Inc. | 13,872 | 747,978 | ||||||
| NextEra Energy, Inc. | 10,635 | 851,013 | ||||||
| Xcel Energy, Inc. | 9,424 | 522,561 | ||||||
| 2,121,552 | ||||||||
| Environmental Control - 3.8% | ||||||||
| Veralto Corp. | 3,886 | 383,082 | ||||||
| Waste Management, Inc. | 10,588 | 2,231,209 | ||||||
| 2,614,291 | ||||||||
| Food - 2.9% | ||||||||
| General Mills, Inc. | 9,667 | 664,606 | ||||||
| Mondelez International, Inc. - Class A | 12,367 | 847,510 | ||||||
| Tyson Foods, Inc. - Class A | 8,559 | 490,003 | ||||||
| 2,002,119 | ||||||||
| Healthcare - Products - 4.4% | ||||||||
| Danaher Corp. | 11,802 | 3,030,754 | ||||||
| Healthcare - Services - 4.9% | ||||||||
| HCA Healthcare, Inc. | 9,816 | 3,334,986 | ||||||
| Home Builders - 1.2% | ||||||||
| DR Horton, Inc. | 5,374 | 794,277 | ||||||
| Insurance - 3.8% | ||||||||
| The Allstate Corp. | 15,782 | 2,643,801 | ||||||
| Iron & Steel - 0.8% | ||||||||
| Nucor Corp. | 3,378 | 570,375 | ||||||
| Media - 3.9% | ||||||||
| Charter Communications, Inc. - Class A(a) | 9,349 | 2,684,285 | ||||||
| Mining - 1.1% | ||||||||
| Newmont Corp. | 17,698 | 742,254 | ||||||
| Oil & Gas - 2.3% | ||||||||
| EOG Resources, Inc. | 6,293 | 783,793 | ||||||
| Occidental Petroleum Corp. | 12,383 | 773,938 | ||||||
| 1,557,731 | ||||||||
| Oil & Gas Services - 2.3% | ||||||||
| Schlumberger NV | 34,162 | 1,567,694 | ||||||
| Retail - 5.4% | ||||||||
| Costco Wholesale Corp. | 4,056 | 3,284,914 | ||||||
| Dollar General Corp. | 3,184 | 435,921 | ||||||
| 3,720,835 | ||||||||
| Semiconductors - 12.6% | ||||||||
| Broadcom, Inc. | 2,399 | 3,187,192 | ||||||
| NVIDIA Corp. | 5,016 | 5,499,191 | ||||||
| 8,686,383 | ||||||||
| Software - 7.6% | ||||||||
| Electronic Arts, Inc. | 16,865 | 2,241,021 | ||||||
| MicroStrategy, Inc. - Class A(a) | 1,507 | 2,297,407 | ||||||
| Paychex, Inc. | 5,639 | 677,582 | ||||||
| 5,216,010 | ||||||||
| Transportation - 1.8% | ||||||||
| CSX Corp. | 37,324 | 1,259,685 | ||||||
| TOTAL COMMON STOCKS (Cost $55,129,395) | 67,118,796 | |||||||
| REAL ESTATE INVESTMENT TRUSTS - 1.8% | ||||||||
| Prologis, Inc. | 5,390 | 595,541 | ||||||
| Public Storage | 2,404 | 658,287 | ||||||
| TOTAL REAL ESTATE INVESTMENT TRUSTS (Cost $1,290,948) | 1,253,828 | |||||||
| SHORT-TERM INVESTMENTS - 0.6% | ||||||||
| Money Market Funds - 0.6% | ||||||||
| First American Government Obligations Fund - Class X, 5.24%(b) | 399,866 | 399,866 | ||||||
| TOTAL SHORT-TERM INVESTMENTS (Cost $399,866) | 399,866 | |||||||
| TOTAL INVESTMENTS - 100.0% (Cost $56,820,209) | $ | 68,772,490 | ||||||
| Other Assets in Excess of Liabilities - 0.0%(c) | 29,729 | |||||||
| TOTAL NET ASSETS - 100.0% | $ | 68,802,219 |
Percentages are stated as a percent of net assets.
NV - Naamloze Vennootschap
| (a) | Non-income producing security. | |
| (b) | The rate shown represents the 7-day effective yield as of May 31, 2024. | |
| (c) | Represents less than 0.05% of net assets. |
Summary of Fair Value Exposure at May 31, 2024 (Unaudited)
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, 2024:
God Bless America ETF
| Level 1 | Level 2 | Level 3 | Total | |||||||||||||
| Investments: | ||||||||||||||||
| Common Stocks | $ | 67,118,796 | $ | — | $ | — | $ | 67,118,796 | ||||||||
| Real Estate Investment Trusts | 1,253,828 | — | — | 1,253,828 | ||||||||||||
| Money Market Funds | 399,866 | — | — | 399,866 | ||||||||||||
| Total Investments | $ | 68,772,490 | $ | — | $ | — | $ | 68,772,490 | ||||||||
Refer to the Schedule of Investments for additional information.