AltShares Merger Arbitrage ETF	Portfolio of Investments
	August 31, 2023 (unaudited)

	Shares		Value
COMMON STOCKS - 90.92%
Advertising - 1.45%
Quotient Technology, Inc.(a)		266,462	$	1,063,183
Aerospace & Defense - 0.50%
OHB SE		7,848		364,227
Apparel - 3.77%
Capri Holdings Ltd.(a)(b)		52,620		2,762,024
Banks - 3.35%
American National Bankshares, Inc.(b)		17,195		674,044
Home Capital Group, Inc.		36,674		1,201,296
Lakeland Bancorp, Inc.		42,755		577,620
				2,452,960
Biotechnology - 7.34%
Horizon Therapeutics PLC(a)(b)		26,294		2,964,385
Seagen, Inc.(a)(b)		11,684		2,407,722
				5,372,107
Commercial Services - 0.57%
Caverion Oyj		44,536		420,146
Computers & Computer Services - 0.67%
Ordina NV		78,840		490,714
Distribution/Wholesale - 2.90%
Veritiv Corp.(b)		12,625		2,125,166
Diversified Financial Services - 3.73%
Focus Financial Partners, Inc., Class A(a)		40,438		2,143,214
Greenhill & Co., Inc.		27,466		405,123
Numis Corp. PLC		42,602		180,254
				2,728,591
Electric - 1.44%
TransAlta Renewables, Inc.		108,368		1,054,647
Electronics - 3.80%
National Instruments Corp.(b)		46,658		2,780,817
Energy - Alternate Sources - 0.34%
Opdenergy Holdings SA(a)		40,261		251,028
Environmental Control - 2.46%
Heritage-Crystal Clean, Inc.(a)(b)		39,907		1,799,806
Food - 1.93%
Albertsons Cos., Inc., Class A(b)		63,010		1,411,424
Food Service - 2.90%
Sovos Brands, Inc.(a)		94,919		2,126,186
Healthcare - Services - 5.85%
Amedisys, Inc.(a)		22,826		2,139,938
Syneos Health, Inc.(a)(b)		50,274		2,148,208
				4,288,146

AltShares Merger Arbitrage ETF	Portfolio of Investments (Continued)
	August 31, 2023 (unaudited)

	Shares		Value
COMMON STOCKS - 90.92% (Continued)
Insurance - 0.26%
Curtis Banks Group PLC		45,029	$	187,671
Investment Company Security - 1.43%
Gresham House PLC		77,936		1,046,530
Iron/Steel - 0.53%
Kloeckner & Co. SE		37,293		390,638
Machinery - Diversified - 2.60%
CIRCOR International, Inc.(a)		34,186		1,903,818
Miscellaneous Manufacturing - 2.61%
Chase Corp.(b)		15,116		1,912,174
Oil & Gas - 3.82%
Denbury, Inc.(a)		30,528		2,795,754
Pharmaceuticals - 7.57%
Dechra Pharmaceuticals PLC		58,397		2,815,575
Reata Pharmaceuticals, Inc., Class A(a)(b)		16,161		2,731,209
				5,546,784
Pipelines - 5.85%
Holly Energy Partners LP(b)		81,272		1,731,094
Magellan Midstream Partners LP		38,498		2,557,037
				4,288,131
Real Estate - 2.50%
Radius Global Infrastructure, Inc., Class A(a)		122,764		1,831,639
Real Estate Investment Trusts - 1.00%
Necessity Retail REIT, Inc.		98,111		735,833
Retail - 3.14%
Fiesta Restaurant Group, Inc.(a)		61,140		514,187
Lookers PLC		1,092,774		1,785,780
				2,299,967
Software - 16.61%
Avid Technology, Inc.(a)(b)		80,324		2,141,438
Kahoot! ASA(a)		330,264		1,071,711
New Relic, Inc.(a)(b)		32,524		2,768,117
Sciplay Corp., Class A(a)		79,081		1,795,139
SimCorp AS		14,636		1,557,701
Software AG(a)		60,297		2,079,182
Tabula Rasa HealthCare, Inc.(a)		72,893		748,611
				12,161,899
Telecommunications - 0.00%(c)
GCI Liberty, Inc.(a)(d)		2,728		—
TOTAL COMMON STOCKS
(Cost $65,445,720)				66,592,010

AltShares Merger Arbitrage ETF	Portfolio of Investments (Continued)
	August 31, 2023 (unaudited)

	Yield			Shares		Value
SHORT-TERM INVESTMENTS - 6.56%
Money Market Funds
Morgan Stanley Institutional Liquidity Fund - Government Portfolio		5.250	%(e)		2,404,232	$	2,404,232
State Street Institutional U.S. Government Money Market Fund, Premier Class		5.393	%(e)		2,404,232		2,404,232
							4,808,464
TOTAL SHORT-TERM INVESTMENTS
(Cost $4,808,464)							4,808,464
Total Investments - 97.48%
(Cost $70,254,184)							71,400,474
Other Assets in Excess of Liabilities - 2.52%(f)							1,842,981
NET ASSETS - 100.00%						$	73,243,455

Portfolio Footnotes
(a)	Non-income-producing security.
(b)	Security, or a portion of security, is being held as collateral for short sales, swaps or forward foreign currency exchange contracts. At August 31, 2023, the aggregate fair market value of those securities was $ 22,192,836 representing 30.30% of net assets.
(c)	Less than 0.005% of net assets.
(d)	Security fair valued using significant unobservable inputs and classified as a Level 3 security.  As of August 31, 2023, the total fair market value of these securities was $0, representing 0.0% of net assets.
(e)	Rate shown is the 7-day effective yield as of August 31, 2023.
(f)	Includes cash held as collateral for short sales.

SCHEDULE OF SECURITIES SOLD SHORT	Shares			Value
SECURITIES SOLD SHORT - (0.36%)
COMMON STOCKS SOLD SHORT - (0.36%)
Banks - (0.36%)
Atlantic Union Bankshares Corp.		(8,984	)	$	(266,735	)
TOTAL SECURITIES SOLD SHORT
(Proceeds $264,223)				$	(266,735	)

AltShares Merger Arbitrage ETF	Portfolio of Investments (Continued)
	August 31, 2023 (unaudited)

EQUITY SWAP CONTRACTS

Swap Counterparty/ Payment Frequency	Reference Obligation	Rate Paid/Received by the Fund	Termination Date	Upfront Payments Made		Upfront Payments Received		Market Value		Notional Amount		Unrealized Appreciation
Morgan Stanley & Co./ Upon Termination	HF Sinclair Corp.	Received 1 Month-Federal Rate Minus 40bps (-4.930%)	05/06/2024	$	—	$	—	$	16,293	USD	1,426,652	$	16,293
Morgan Stanley & Co./ Upon Termination	Provident Financial Services, Inc.	Received 1 Month-Federal Rate Minus 40bps (-4.930%)	05/06/2024		—		168		34,632	USD	620,792		34,800
Morgan Stanley & Co./ Upon Termination	TransAlta Corp.	Received CDOR 1 Month Rate Minus 40bps (-4.600%)	08/22/2025		—		—		16,792	CAD	635,782		16,792
								$	67,717			$	67,885

Swap Counterparty/ Payment Frequency	Reference Obligation	Rate Paid/Received by the Fund	Termination Date	Upfront Payments Made		Upfront Payments Received		Market Value			Notional Amount		Unrealized Depreciation
Morgan Stanley & Co./ Upon Termination	Atlantic Union Bankshares Corp.	Received 1 Month-Federal Rate Minus 40bps (-4.930%)	05/06/2024	$	—	$	—	$	(3,881	)	USD	418,579	$	(3,881	)
Morgan Stanley & Co./ Upon Termination	Global Net Lease, Inc.	Received 1 Month-Federal Rate Minus 40bps (-4.930%)	05/06/2024		—		—		(55,913	)	USD	690,168		(55,913	)
Morgan Stanley & Co./ Upon Termination	ONEOK, Inc.	Received 1 Month-Federal Rate Minus 40bps (-4.930%)	05/06/2024		—		—		(98,659	)	USD	1,575,546		(98,659	)
Morgan Stanley & Co./ Upon Termination	Exxon Mobil Corp.	Received 1 Month-Federal Rate Minus 40bps (-4.930%)	05/06/2024		—		—		(153,068	)	USD	2,698,177		(153,068	)
								$	(311,521	)			$	(311,521	)

AltShares Merger Arbitrage ETF	Portfolio of Investments (Continued)
	August 31, 2023 (unaudited)

OUTSTANDING FORWARD FOREIGN CURRENCY EXCHANGE CONTRACTS

Currency Purchased		Currency Sold		Counterparty	Settlement Date	Unrealized Appreciation
USD	3,280,444	CAD	4,351,530	Morgan Stanley & Co.	09/15/2023	$	59,305
USD	158,737	DKK	1,070,200	Morgan Stanley & Co.	09/15/2023		2,939
USD	6,396,126	EUR	5,769,090	Morgan Stanley & Co.	09/15/2023		137,477
GBP	1,001,600	USD	1,262,610	Morgan Stanley & Co.	09/15/2023		6,280
USD	3,324,721	GBP	2,591,800	Morgan Stanley & Co.	09/15/2023		41,269
USD	1,494,039	NOK	15,156,600	Morgan Stanley & Co.	09/15/2023		67,930
						$	315,200

Currency Purchased		Currency Sold		Counterparty	Settlement Date	Unrealized Depreciation
CAD	2,748,510	USD	2,058,249	Morgan Stanley & Co.	09/15/2023	$	(23,717	)
USD	1,071,679	CAD	1,456,210	Morgan Stanley & Co.	09/15/2023		(6,252	)
USD	1,406,670	DKK	9,687,300	Morgan Stanley & Co.	09/15/2023		(3,587	)
EUR	4,714,420	USD	5,165,351	Morgan Stanley & Co.	09/15/2023		(50,870	)
USD	2,852,222	EUR	2,637,310	Morgan Stanley & Co.	09/15/2023		(8,888	)
GBP	737,100	USD	941,883	Morgan Stanley & Co.	09/15/2023		(8,079	)
USD	5,027,271	GBP	4,006,700	Morgan Stanley & Co.	09/15/2023		(48,664	)
NOK	7,081,800	USD	688,015	Morgan Stanley & Co.	09/15/2023		(21,677	)
USD	323,628	NOK	3,484,400	Morgan Stanley & Co.	09/15/2023		(4,225	)
						$	(175,959	)

AltShares Merger Arbitrage ETF	Portfolio of Investments (Continued)
	August 31, 2023 (unaudited)

The following is a summary of investments classified by country exposure:

Country	% of Net Assets(a)
United States		69.33	%
United Kingdom		8.21	%
Ireland		4.05	%
Germany		3.87	%
British Virgin Islands		3.77	%
Canada		3.08	%
Denmark		2.13	%
Norway		1.46	%
Netherlands		0.67	%
Finland		0.57	%
Spain		0.34	%
Other Assets in Excess of Liabilities		2.52	%
		100.00	%

^(a) These percentages represent long positions only and are not net of short positions.

Abbreviations:

AG - Aktiengesellschaft is a German term that refers to a corporation that is limited by shares, i.e., owned by shareholders.

AS - Aktieselskab is a Danish term for a stock-based corporation.

ASA - Allmennaksjeselskap is the Norwegian term for public limited company.

bps - Basis Points. 100 Basis Points is equal to 1 percentage point.

CAD - Canadian dollar

CDOR - Canadian Dollar Offered Rate

DKK - Danish krone

EUR - Euro

GBP - British pound

LP - Limited Partnership

Ltd. - Limited

NOK - Norwegian krone

NV - Naamloze Vennootschap is the Dutch term for a public limited liability corporation.

Oyj - Osakeyhtio is the Finnish equivalent of a public limited company.

PLC - Public Limited Company

REIT - Real Estate Investment Trust

SA - Generally designates corporations in various countries, mostly those employing civil law. This translates literally in all languages mentioned as anonymous company.

SE - SE Regulation. A European Company which can operate on a Europe-wide basis and be governed by Community law directly applicable in all Member States

USD - United States Dollar

AltShares Merger Arbitrage ETF	Portfolio of Investments (Continued)
	August 31, 2023 (unaudited)

The following table summarizes AltShares Merger Arbitrage ETF’s investments and derivative financial instruments categorized in the fair value hierarchy as of August 31, 2023:

Investments in Securities at Fair Value	Level 1			Level 2			Level 3		Total
Assets
Common Stocks
Advertising	$	1,063,183		$	—		$	—	$	1,063,183
Aerospace & Defense		364,227			—			—		364,227
Apparel		2,762,024			—			—		2,762,024
Banks		2,452,960			—			—		2,452,960
Biotechnology		5,372,107			—			—		5,372,107
Commercial Services		420,146			—			—		420,146
Computers & Computer Services		490,714			—			—		490,714
Distribution/Wholesale		2,125,166			—			—		2,125,166
Diversified Financial Services		585,377			2,143,214			—		2,728,591
Electric		1,054,647			—			—		1,054,647
Electronics		2,780,817			—			—		2,780,817
Energy - Alternate Sources		251,028			—			—		251,028
Environmental Control		1,799,806			—			—		1,799,806
Food		1,411,424			—			—		1,411,424
Food Service		2,126,186			—			—		2,126,186
Healthcare - Services		4,288,146			—			—		4,288,146
Insurance		187,671			—			—		187,671
Investment Company Security		1,046,530			—			—		1,046,530
Iron/Steel		390,638			—			—		390,638
Machinery - Diversified		1,903,818			—			—		1,903,818
Miscellaneous Manufacturing		1,912,174			—			—		1,912,174
Oil & Gas		2,795,754			—			—		2,795,754
Pharmaceuticals		5,546,784			—			—		5,546,784
Pipelines		4,288,131			—			—		4,288,131
Real Estate		1,831,639			—			—		1,831,639
Real Estate Investment Trusts		735,833			—			—		735,833
Retail		2,299,967			—			—		2,299,967
Software		12,161,899			—			—		12,161,899
Telecommunications		—			—			0		0
Short-Term Investments		4,808,464			—			—		4,808,464
TOTAL	$	69,257,260		$	2,143,214		$	0	$	71,400,474
Other Financial Instruments**
Assets
Forward Foreign Currency Exchange Contracts	$	—		$	315,200		$	—	$	315,200
Equity Swaps		67,717			—			—		67,717
Liabilities
Common Stocks*		(266,735	)		—			—		(266,735	)
Forward Foreign Currency Exchange Contracts		—			(175,959	)		—		(175,959	)
Equity Swaps		(311,521	)		—			—		(311,521	)
TOTAL	$	(510,539	)	$	139,241		$	—	$	(371,298	)

* Refer to Portfolio of Investments for sector information.

** Other financial instruments are instruments such as securities sold short, equity swaps and forward foreign currency exchange contracts.

AltShares Merger Arbitrage ETF	Portfolio of Investments (Continued)
	August 31, 2023 (unaudited)

The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Fund’s assets and liabilities during the period ended August 31, 2023:

Investments in Securities	Balance as of May 31, 2023		Realized Gain (Loss)		Change in Unrealized Appreciation (Depreciation)		Purchases		Sales Proceeds		Transfers out of Level 3		Balance as of August 31, 2023		Net change in Unrealized Appreciation (Depreciation) from investments still held as of August 31, 2023
Common Stock	$	0	$	-	$	-	$	-	$	-	$	-	$	0	$	-
Total	$	0	$	-	$	-	$	-	$	-	$	-	$	0	$	-

AltShares Event-Driven ETF	Portfolio of Investments
	August 31, 2023 (unaudited)

	Shares		Value
COMMON STOCKS - 92.76%
Advertising - 1.21%
Quotient Technology, Inc.(a)		9,152	$	36,517
Apparel - 3.47%
Capri Holdings Ltd.(a)		2,000		104,980
Banks - 0.42%
First Horizon Corp.		1,000		12,550
Biotechnology - 7.76%
Abcam PLC, ADR(a)		2,002		45,285
Amarin Corp. PLC, ADR(a)(b)		6,200		6,510
Aura Biosciences, Inc.(a)(b)		4,650		48,267
Horizon Therapeutics PLC(a)		686		77,340
PhenomeX, Inc.(a)		10,000		9,500
Seagen, Inc.(a)(b)		231		47,602
				234,504
Commercial Services - 2.07%
Caverion Oyj		4,034		38,056
Moneylion, Inc.(a)(c)		375		8,392
PayPal Holdings, Inc.(a)(b)		258		16,128
				62,576
Computers & Computer Services - 1.51%
Ordina NV		7,357		45,791
Diversified Financial Services - 5.83%
Focus Financial Partners, Inc., Class A(a)(c)		2,787		147,711
Numis Corp. PLC		6,708		28,382
				176,093
Electronics - 2.93%
National Instruments Corp.(b)		1,486		88,566
Entertainment - 2.47%
Caesars Entertainment, Inc.(a)(b)		893		49,347
Cineplex, Inc.(a)		4,000		25,281
				74,628
Environmental Control - 2.03%
Heritage-Crystal Clean, Inc.(a)		1,360		61,336
Food Service - 1.48%
Sovos Brands, Inc.(a)		2,000		44,800
Healthcare - Products - 1.23%
Pacific Biosciences of California, Inc.(a)		3,300		37,224
Healthcare - Services - 4.65%
Cano Health, Inc.(a)(b)		2,942		910
Syneos Health, Inc.(a)(b)		3,265		139,513
				140,423

AltShares Event-Driven ETF	Portfolio of Investments (Continued)
	August 31, 2023 (unaudited)

	Shares		Value
COMMON STOCKS - 92.76% (Continued)
Insurance - 3.86%
Argo Group International Holdings Ltd.		3,920	$	116,620
Machinery - Construction & Mining - 0.94%
Bloom Energy Corp., Class A(a)(b)		1,900		28,481
Machinery - Diversified - 4.76%
CIRCOR International, Inc.(a)		2,584		143,903
Media - 5.86%
TEGNA, Inc.(b)		3,875		64,054
Warner Bros Discovery, Inc.(a)		1,550		20,367
Paramount Global, Class B(b)		1,543		23,284
DISH Network Corp., Class A(a)(b)		3,200		19,200
Walt Disney Co.(a)(b)		600		50,208
				177,113
Oil & Gas - 5.73%
Baytex Energy Corp.(a)(b)		3,000		12,210
Denbury, Inc.(a)		1,637		149,916
EQT Corp.(b)		258		11,151
				173,277
Pharmaceuticals - 7.36%
Bayer AG, ADR(b)		2,712		37,181
Dechra Pharmaceuticals PLC		806		38,861
Paratek Pharmaceuticals, Inc.(a)(b)		20,424		45,137
Reata Pharmaceuticals, Inc., Class A(a)		600		101,400
				222,579
Pipelines - 1.76%
Holly Energy Partners LP		2,500		53,250
Real Estate - 2.71%
Radius Global Infrastructure, Inc., Class A(a)		5,500		82,060
Retail - 1.62%
Foot Locker, Inc.(b)		917		17,992
Lookers PLC		18,962		30,987
				48,979
Semiconductors - 3.17%
Intel Corp.(b)		968		34,016
Silicon Motion Technology Corp., ADR		1,137		61,750
				95,766
Software - 17.93%
Activision Blizzard, Inc.(a)		2,111		194,191
Avid Technology, Inc.(a)		2,000		53,320
Kahoot! ASA(a)		8,015		26,009
New Relic, Inc.(a)(b)		826		70,301
Rovio Entertainment Oyj(d)		120		1,194
Sciplay Corp., Class A(a)		2,000		45,400
SimCorp AS		565		60,133

AltShares Event-Driven ETF	Portfolio of Investments (Continued)
	August 31, 2023 (unaudited)

	Shares		Value
COMMON STOCKS - 92.76% (Continued)
Software - 17.93% (Continued)
VMware, Inc., Class A(a)(b)		542	$	91,479
				542,027
TOTAL COMMON STOCKS
(Cost $2,878,958)				2,804,043

	Maturity Date	Rate			Principal Amount		Value
CORPORATE BONDS - 3.02%
Chemicals - 0.68%
Valvoline, Inc.(d)	02/15/2030		4.250	%	$	21,000	$	20,642
Computers & Computer Services - 0.79%
NCR Corp.(d)	09/01/2029		6.125	%		23,000		23,688
Oil & Gas - 1.55%
PDC Energy, Inc.	05/15/2026		5.750	%		47,000		46,882
TOTAL CORPORATE BONDS
(Cost $91,141)								91,212
CONVERTIBLE CORPORATE BONDS - 2.93%
Auto Manufacturers - 0.01%
Lightning eMotors, Inc.(d)	05/15/2024		7.500	%		365		161
Healthcare - Services - 0.41%
UpHealth, Inc.(d)	06/15/2026		6.250	%		31,000		12,400
Pharmaceuticals - 0.87%
Paratek Pharmaceuticals, Inc.	05/01/2024		4.750	%		27,000		26,392
Software - 1.64%
Kaleyra, Inc.(d)	06/01/2026		6.125	%		51,000		49,760
TOTAL CONVERTIBLE CORPORATE BONDS
(Cost $108,991)								88,713

	Shares		Value
WARRANTS(a) - 0.00%(e)
Commercial Services - 0.00%(e)
Moneylion, Inc., Exercise Price $11.50, Expires 09/22/2026		440	$	26
TOTAL WARRANTS
(Cost $0)				26
PRIVATE INVESTMENTS(a)(c)(f)(g) - 0.01%
Fast Capital LLC		400		308
TOTAL PRIVATE INVESTMENTS
(Cost $414)				308

AltShares Event-Driven ETF	Portfolio of Investments (Continued)
	August 31, 2023 (unaudited)

	Shares		Value
RIGHTS(a) - 0.15%
Concert Pharmaceuticals, Inc. CVR, Expires 12/31/2029(c)(f)		2,000	$	775
Contra Abiomed, Inc. CVR, Expires 12/31/2030(c)		200		350
Contra Albireo Pharma, Inc. CVR, Expires 12/31/2027(c)(f)		415		935
Contra Amryt Pharma PLC CVR, Expires 12/31/2024(c)(f)		7,245		120
Contra Amryt Pharma PLC CVR, Expires 12/31/2024(c)(f)		7,245		181
Contra CinCor Pharma, Inc. CVR, Expires 12/31/2027(c)(f)		639		2,055
TOTAL RIGHTS
(Cost $4,154)				4,416

	Yield			Shares		Value
SHORT-TERM INVESTMENTS - 2.85%
Money Market Funds
Morgan Stanley Institutional Liquidity Fund - Government Portfolio		5.250	%(h)		43,140	$	43,140
State Street Institutional U.S. Government Money Market Fund, Premier Class		5.393	%(h)		43,140		43,140
							86,280
TOTAL SHORT-TERM INVESTMENTS
(Cost $86,280)							86,280
Total Investments - 101.72%
(Cost $3,169,938)							3,074,998
Liabilities in Excess of Other Assets - (1.72)%(i)							(51,958	)
NET ASSETS - 100.00%						$	3,023,040

Portfolio Footnotes

(a)	Non-income-producing security.
(b)	Security, or a portion of security, is being held as collateral for swaps, short sales or forward foreign currency exchange contracts. At August 31, 2023, the aggregate fair market value of those securities was $546,641, representing 18.08% of net assets.
(c)	Restricted securities (including private placements) - The Fund may own investment securities that have other legal or contractual limitations. At the end of the period, the value of restricted securities (excluding 144A issues) amounted to $160,827 or 5.32% of net assets.

Restricted Security	Acquisition Date	Acquisition Cost
Concert Pharmaceuticals, Inc. CVR, Expires 12/31/2029	03/07/2023	$	740
Contra Abiomed, Inc. CVR, Expires 12/31/2030	12/21/2022		204
Contra Albireo Pharma, Inc. CVR, Expires 12/31/2027	01/09/2023		892
Contra Amryt Pharma PLC CVR, Expires 12/31/2024	04/13/2023		181
Contra Amryt Pharma PLC CVR, Expires 12/31/2024	04/13/2023		181
Contra CinCor Pharma, Inc. CVR, Expires 12/31/2027	02/23/2023		1,956
Fast Capital LLC	08/18/2020		414
Focus Financial Partners, Inc.	03/02/2023		145,155
Moneylion, Inc.	09/14/2021		92,989
Total		$	242,712

AltShares Event-Driven ETF	Portfolio of Investments (Continued)
	August 31, 2023 (unaudited)

(d)	Security exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be resold in transactions exempt from registration, normally to qualified institutional buyers. As of August 31, 2023, these securities had a total value of $107,845 or 3.57% of net assets.
(e)	Less than 0.005% of net assets.
(f)	Security fair valued using significant unobservable inputs and classified as a Level 3 security.  As of August 31, 2023, the total fair market value of these securities was $4,374, representing 0.14% of net assets.
(g)	Represents a holding that is a direct investment into a private company and is not a listed or publicly traded entity.
(h)	Rate shown is the 7-day effective yield as of August 31, 2023.
(i)	Includes cash held as collateral for short sales.

SCHEDULE OF SECURITIES SOLD SHORT	Shares			Value
SECURITIES SOLD SHORT - (1.50%)
COMMON STOCKS SOLD SHORT - (1.50%)
Oil & Gas - (1.44%)
HF Sinclair Corp.		(788	)	$	(43,411	)
Semiconductors - (0.06%)
MaxLinear, Inc.		(80	)		(1,880	)
TOTAL SECURITIES SOLD SHORT
(Proceeds $46,193)				$	(45,291	)

EQUITY SWAP CONTRACTS

Swap Counterparty/ Payment Frequency	Reference Obligation	Rate Paid/Received by the Fund	Termination Date	Upfront Payments Made		Upfront Payments Received		Market Value			Notional Amount		Unrealized Depreciation
Morgan Stanley & Co./ Upon Termination	Broadcom, Inc.	Received 1 Month-Federal Rate Minus 40bps (-4.930%)	10/11/2023	$	—	$	—	$	(22,681	)	USD	36,384	$	(22,681	)
Morgan Stanley & Co./ Upon Termination	Exxon Mobil Corp.	Received 1 Month-Federal Rate Minus 40bps (-4.930%)	10/11/2023		—		—		(5,641	)	USD	144,577		(5,641	)
								$	(28,322	)			$	(28,322	)

AltShares Event-Driven ETF	Portfolio of Investments (Continued)
	August 31, 2023 (unaudited)

OUTSTANDING FORWARD FOREIGN CURRENCY EXCHANGE CONTRACTS  

Currency Purchased		Currency Sold		Counterparty	Settlement Date	Unrealized Appreciation
CAD	560	USD	413	Morgan Stanley & Co.	09/15/2023	$	2
USD	133,993	CAD	177,870	Morgan Stanley & Co.	09/15/2023		2,328
USD	61,190	DKK	415,300	Morgan Stanley & Co.	09/15/2023		732
USD	175,194	EUR	159,000	Morgan Stanley & Co.	09/15/2023		2,701
USD	101,066	GBP	79,100	Morgan Stanley & Co.	09/15/2023		856
USD	27,924	NOK	280,500	Morgan Stanley & Co.	09/15/2023		1,532
						$	8,151

Currency Purchased		Currency Sold		Counterparty	Settlement Date	Unrealized Depreciation
CAD	177,870	USD	133,687	Morgan Stanley & Co.	09/15/2023	$	(2,021	)
USD	24,866	CAD	33,640	Morgan Stanley & Co.	09/15/2023		(36	)
EUR	80,290	USD	88,015	Morgan Stanley & Co.	09/15/2023		(912	)
						$	(2,969	)

The following is a summary of investments classified by country exposure:  

Country	% of Net Assets(a)
United States		76.68	%
United Kingdom		4.98	%
Bermuda		3.86	%
British Virgin Islands		3.47	%
Ireland		2.56	%
Cayman Islands		2.04	%
Denmark		1.99	%
Netherlands		1.51	%
Finland		1.30	%
Canada		1.24	%
Germany		1.23	%
Norway		0.86	%
Liabilities in Excess of Other Assets		(1.72	)%
		100.00	%

^(a) These percentages represent long positions only and are not net of short positions.

AltShares Event-Driven ETF	Portfolio of Investments (Continued)
	August 31, 2023 (unaudited)

Abbreviations:

ADR - American Depositary Receipt

AG - Aktiengesellschaft is a German term that refers to a corporation that is limited by shares, i.e., owned by shareholders.

AS - Aktieselskab is a Danish term for a stock-based corporation.

ASA - Allmennaksjeselskap is the Norwegian term for public limited company.

bps - Basis Points. 100 Basis Points is equal to 1 percentage point.

CAD - Canadian dollar

CVR - Contingent Value Rights

DKK - Danish krone

EUR - Euro

GBP - British pound

LLC - Limited Liability Company

LP - Limited Partnership

Ltd. - Limited

NOK - Norwegian krone

NV - Naamloze Vennootschap is the Dutch term for a public limited liability corporation.

Oyj - Osakeyhtio is the Finnish equivalent of a public limited company.

PLC - Public Limited Company

USD - United States Dollar

AltShares Event-Driven ETF	Portfolio of Investments (Continued)
	August 31, 2023 (unaudited)

The following table summarizes AltShares Event-Driven ETF’s investments and derivative financial instruments categorized in the fair value hierarchy as of August 31, 2023:

Investments in Securities at Fair Value	Level 1			Level 2			Level 3		Total
Assets
Common Stocks
Advertising	$	36,517		$	—		$	—	$	36,517
Apparel		104,980			—			—		104,980
Banks		12,550			—			—		12,550
Biotechnology		234,504			—			—		234,504
Commercial Services		62,576			—			—		62,576
Computers & Computer Services		45,791			—			—		45,791
Diversified Financial Services		28,382			147,711			—		176,093
Electronics		88,566			—			—		88,566
Entertainment		74,628			—			—		74,628
Environmental Control		61,336			—			—		61,336
Food Service		44,800			—			—		44,800
Healthcare - Products		37,224			—			—		37,224
Healthcare - Services		140,423			—			—		140,423
Insurance		116,620			—			—		116,620
Machinery - Construction & Mining		28,481			—			—		28,481
Machinery - Diversified		143,903			—			—		143,903
Media		177,113			—			—		177,113
Oil & Gas		173,277			—			—		173,277
Pharmaceuticals		222,579			—			—		222,579
Pipelines		53,250			—			—		53,250
Real Estate		82,060			—			—		82,060
Retail		48,979			—			—		48,979
Semiconductors		95,766			—			—		95,766
Software		542,027			—			—		542,027
Corporate Bonds*		—			91,212			—		91,212
Convertible Corporate Bonds*		—			88,713			—		88,713
Warrants*		26			—			—		26
Private Investments		—			—			308		308
Rights		—			350			4,066		4,416
Short-Term Investments		86,280			—			—		86,280
TOTAL	$	2,742,638		$	327,986		$	4,374	$	3,074,998
Other Financial Instruments**
Assets
Forward Foreign Currency Exchange Contracts	$	—		$	8,151		$	—	$	8,151
Liabilities
Common Stocks*		(45,291	)		—			—		(45,291	)
Forward Foreign Currency Exchange Contracts		—			(2,969	)		—		(2,969	)
Equity Swaps		(28,322	)		—			—		(28,322	)
TOTAL	$	(73,613	)	$	5,182		$	—	$	(68,431	)

* Refer to Portfolio of Investments for sector information.

** Other financial instruments are instruments such as securities sold short, equity swaps and forward foreign currency exchange contracts.

AltShares Event-Driven ETF	Portfolio of Investments (Continued)
	August 31, 2023 (unaudited)

The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Fund’s assets and liabilities during the period ended August 31, 2023:

Investments in Securities	Balance as of May 31, 2023		Realized Gain (Loss)		Change in Unrealized Appreciation (Depreciation)			Purchases		Sales Proceeds		Transfers out of Level 3		Balance as of August 31, 2023		Net change in Unrealized Appreciation (Depreciation) from investments still held as of August 31, 2023
Common Stock	$	-	$	-	$	-		$	-	$	-	$	-	$	-	$	-
Rights		3,970		-		96			-		-		-		4,066		96
Private Investments		800		-		(492	)		-		-		-		308		-
Total	$	4,770	$	-	$	(396	)	$	-	$	-	$	-	$	4,374	$	96