AGCO Corp

SHP ETF Trust
FIS Biblically Responsible Risk Managed ETF
Schedule of Investments
February 28, 2023 (Unaudited)
Investments	Number of Shares		Value
COMMON STOCKS — 95.1%
Auto Components — 1.0%
Gentex Corp.		7,500	$	214,125

Automobiles — 1.0%
Toyota Motor Corp. - SP-ADR^		1,632		221,821

Banks — 6.1%
First Republic Bank		2,400		295,224
HDFC Bank Ltd. - ADR^		5,451		368,706
KeyCorp		20,352		372,238
Signature Bank		1,164		133,918
SVB Financial Group*		520		149,817
				1,319,903
Capital Markets — 3.0%
Brookfield Corp.^		7,460		248,045
FactSet Research Systems Inc.		960		397,968
				646,013
Chemicals — 1.8%
Valvoline, Inc.		11,274		396,845

Commercial Services & Supplies — 3.0%
GFL Environmental Inc.^		15,749		478,297
Republic Services, Inc.		1,349		173,927
				652,224
Construction Materials — 2.0%
Holcim Ltd. - ADR^		35,590		438,455

Containers & Packaging — 2.1%
Graphic Packaging Holding Co.		19,200		456,960

Diversified Telecommunication Services — 4.0%
Cogent Communications Holdings, Inc.		6,240		403,977
Orange SA - SP-ADR^		20,064		230,335
Verizon Communications Inc.		6,017		233,520
				867,832
Energy Equipment & Services — 3.4%
SBM Offshore NV^		27,733		407,782
Tenaris SA^		9,817		324,059
				731,841
Food & Staples Retailing — 3.0%
Casey’s General Stores, Inc.		1,920		399,264
Kroger Co. (The)		5,640		243,310
				642,574
Food Products — 0.9%
Nestle SA - SP-ADR^		1,824		205,227

Health Care Equipment & Supplies — 5.0%
Edwards Lifesciences Corp.*		3,168		254,834
Medtronic plc^		4,416		365,645
Zimmer Biomet Holdings, Inc.		3,744		463,769
				1,084,248
Health Care Providers & Services — 4.3%
Chemed Corp.		864		450,645
Humana Inc.		960		475,219
				925,864
Hotels, Restaurants & Leisure — 3.0%
Booking Holdings Inc.*		192		484,608
Domino’s Pizza, Inc.		581		170,820
				655,428
Household Durables — 1.9%
Toll Brothers, Inc.		6,852		410,709

Household Products — 2.3%
Colgate-Palmolive Co.		3,168		232,215
Reckitt Benckiser Group plc^		18,433		260,458
				492,673
Industrial Conglomerates — 1.0%
Honeywell International Inc.		1,164		222,883

Insurance — 3.1%
AIA Group Ltd.^		9,641		409,935
Progressive Corp. (The)		1,829		262,498
				672,433
IT Services — 4.1%
Capgemini SE^		1,728		325,919
Fidelity National Information Services, Inc.		3,936		249,424
GoDaddy, Inc., Class A*		4,320		327,067
				902,410
Leisure Products — 1.4%
Polaris Inc.		2,772		315,315

Life Sciences Tools & Services — 1.0%
Charles River Laboratories International, Inc.*		960		210,566

Machinery — 2.4%
AGCO Corp.		2,113		297,532
Nordson Corp.		1,043		229,084
				526,616
Oil, Gas & Consumable Fuels — 1.8%
ConocoPhillips		1,825		188,614
EOG Resources, Inc.		1,818		205,470
				394,084
Pharmaceuticals — 2.8%
Pacira BioSciences, Inc.*		6,432		273,810
Zoetis Inc.		2,030		339,010
				612,820
Professional Services — 4.8%
Experian plc^		9,408		319,485
FTI Consulting, Inc.*		1,152		211,634
ManpowerGroup Inc.		3,360		285,197
RELX plc - SP-ADR^		7,776		235,535
				1,051,851
Real Estate Investment Trust— 1.4%
Crown Castle, Inc.		2,359		308,439

Road & Rail — 2.5%
Canadian Pacific Railway Ltd.^		3,360		255,158
Old Dominion Freight Line, Inc.		833		282,604
				537,762
Semiconductors & Semiconductor Equipment — 6.9%
NVIDIA Corp.		2,273		527,700
ON Semiconductor Corp.*		5,903		456,951
Skyworks Solutions, Inc.		3,146		350,999
Taiwan Semiconductor Manufacturing Co., Ltd. - SP-ADR^		1,920		167,175
				1,502,825
Software — 6.2%
Check Point Software Technologies Ltd.*^		2,593		320,806
Nice Ltd. - SP-ADR*^		1,283		266,107
Palo Alto Networks, Inc.*		2,538		478,083
ServiceNow, Inc.*		680		293,876
				1,358,872
Specialty Retail — 4.1%
Lowe’s Companies, Inc.		2,218		456,353
TJX Companies Inc. (The)		5,568		426,509
				882,862
Technology Hardware, Storage & Peripherals — 2.1%
Logitech International SA^		4,547		248,039
NetApp, Inc.		3,270		211,078
				459,117
Trading Companies & Distributors — 1.0%
Fastenal Co.		4,168		214,902

Wireless Telecommunication Services — 0.7%
Tele2 AB, Class B^		15,840		146,331

TOTAL COMMON STOCKS
(Cost $21,463,443)				20,682,830

SHORT-TERM INVESTMENTS — 4.6%
Money Market Fund
First American Treasury Obligations Fund, Class X, 4.480% (a)		1,004,249		1,004,249
TOTAL SHORT-TERM INVESTMENTS
(Cost $1,004,249)				1,004,249

TOTAL INVESTMENTS — 99.7%
(Cost $22,467,692)				21,687,079
OTHER ASSETS LESS LIABILITIES — 0.3%				65,644
NET ASSETS — 100.0%			$	21,752,723


*	Non-income producing security.
^	Foreign security.
^(a)	7-day net yield.
ADR - American Depositary Receipt
SP-ADR - Sponsored American Depositary Receipt

The Global Industry Classification Standard (GICS^®) was developed by and/or is the exclusive property of Morgan Stanley Capital International, Inc. (“MSCI”) and Standard & Poor’s Financial Services LLC (“S&P”). GICS is a service mark of MSCI and S&P and has been licensed for use by U.S. Bank Global Fund Services.

FIS Biblically Responsible Risk Managed ETF invested, as a percentage of net assets, in the following countries as of February 28, 2023:

United States	71.0%
Canada	4.5%
Switzerland	4.1%
United Kingdom	3.7%
Israel	2.7%
France	2.5%
Hong Kong	1.9%
Netherlands	1.9%
India	1.7%
Ireland	1.7%
Luxembourg	1.5%
Japan	1.0%
Taiwan, Province of China	0.8%
Sweden	0.7%
Other⁽¹⁾	0.3%
	100.0%
⁽¹⁾ Includes cash and net other assets (liabilities).

SHP ETF Trust
FIS Biblically Responsible Risk Managed ETF
Notes to Quarterly Schedule of Investments
February 28, 2023 (Unaudited)

Investment Valuation
The Fund discloses the fair value of their investments in a hierarchy that distinguishes between: (1) market participant assumptions developed based on market data obtained from sources independent of the Fund’s (observable inputs) and (2) the Fund’s’ own assumptions about market participant assumptions developed based on the best information available under the circumstances (unobservable inputs). The three levels defined by the hierarchy are as follows:

• Level 1 — Quoted prices in active markets for identical assets that the Fund’s have the ability to access.
• Level 2 — Other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.).
• Level 3 — Significant unobservable inputs (including the Fund’s own assumptions in determining the fair value of investments).

The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities.

The following is a summary of the inputs used to value the Fund’s investments as of February 28, 2023:

FIS Biblically Responsible Risk Managed ETF	Level 1		Level 2		Level 3		Total
Investments
Common Stocks *	$	20,682,830	$	-	$	-	$	20,682,830
Money Market Fund		1,004,249		-		-		1,004,249
Total Investments	$	21,687,079	$	-	$	-	$	21,687,079

* See Schedule of Investments for segregation by industry type.