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Mast Global Battery Recycling & Production ETF
  
Schedule of Investments
  
as of February 29, 2024 (Unaudited)
  
   
COMMON STOCKS - 98.5%
  
Shares
    
Value
  
Automobile Components - 2.7%
        
Tianneng Battery Group Co. Ltd. - Class A
    
19,600
    
$
79,563
  
Tianneng Power International Ltd.
    
103,614
      
93,572
  
             
173,135
  
                 
Automobiles - 13.3%
          
BYD Co. Ltd. - Class A
    
11,200
      
297,702
  
Lucid Group, Inc.(a)
    
19,348
      
63,848
  
Renault S.A.
    
2,800
      
116,746
  
Tesla, Inc.(a)
    
1,904
      
384,380
  
             
862,676
  
                 
Chemicals - 7.9%
          
Ganfeng Lithium Group Co. Ltd. - Class A
    
14,000
      
77,948
  
Guangzhou Tinci Materials Technology Co. Ltd. - Class A
    
25,200
      
72,308
  
LG Chem Ltd.
    
560
      
190,508
  
Tianqi Lithium Corp. - Class A
    
11,200
      
83,503
  
Umicore S.A.
    
4,144
      
86,504
  
             
510,771
  
                 
Commercial Services & Supplies - 3.0%
          
Cleanaway Waste Management Ltd.
    
63,168
      
110,234
  
Sungeel Hitech Co. Ltd.(a)
    
1,120
      
82,427
  
             
192,661
  
                 
Electric Utilities - 1.5%
          
Fortum Oyj
    
7,840
      
97,990
  
                 
Electrical Equipment - 20.8%
          
Camel Group Co. Ltd. - Class A
    
84,000
      
87,115
  
Contemporary Amperex Technology Co. Ltd. - Class A
    
23,900
      
543,271
  
Ecopro BM Co. Ltd.(a)
    
560
      
112,076
  
EnerSys
    
1,036
      
95,188
  
Eve Energy Co. Ltd. - Class A
    
14,000
      
74,562
  
Gotion High-tech Co. Ltd. - Class A(a)
    
28,000
      
77,033
  
LG Energy Solution Ltd.(a)
    
560
      
168,850
  
Sociedad Quimica y Minera de Chile S.A. - ADR
    
1,960
      
97,451
  
Zhejiang Narada Power Source Co. Ltd. - Class A(a)
    
50,400
      
81,276
  
             
1,336,822
  
                 
Electronic Equipment, Instruments & Components - 2.5%
          
Samsung SDI Co. Ltd.
    
560
      
158,546
  
                 
Household Durables - 4.1%
          
Panasonic Holdings Corp.
    
28,040
      
266,124
  
                 
Metals & Mining - 38.9%(b)
          
BHP Group Ltd.
    
17,220
      
492,579
  
Boliden AB
    
3,696
      
93,709
  
CMOC Group Ltd. - Class A
    
154,000
      
131,665
  
Dowa Holdings Co. Ltd.
    
2,806
      
98,033
  
First Quantum Minerals Ltd.
    
7,672
      
72,856
  
GEM Co. Ltd. - Class A
    
112,000
      
83,456
  
Glencore PLC
    
87,640
      
415,889
  
Rio Tinto PLC - ADR
    
7,616
      
491,461
  
Sumitomo Metal Mining Co. Ltd.
    
2,812
      
73,348
  
Vale S.A. - ADR
    
35,672
      
478,362
  
Zhejiang Huayou Cobalt Co. Ltd. - Class A
    
16,800
      
64,694
  
             
2,496,052
  
                 
Oil, Gas & Consumable Fuels - 3.8%
          
ENEOS Holdings, Inc.
    
39,208
      
169,307
  
SK Innovation Co., Ltd.(a)
    
840
      
73,869
  
             
243,176
  
TOTAL COMMON STOCKS (Cost $6,839,326)
      
6,337,953
  
                 
SHORT-TERM INVESTMENTS - 1.5%
                
Money Market Funds - 1.5%
  
Shares
          
First American Treasury Obligations Fund - Class X, 5.23%(c)
    
97,694
      
97,694
  
TOTAL SHORT-TERM INVESTMENTS (Cost $97,694)
      
97,694
  
                 
TOTAL INVESTMENTS - 100.0% (Cost $6,937,020)
    
$
6,435,647
  
Liabilities in Excess of Other Assets – (0.0)%(d)
      
(2,596
)
TOTAL NET ASSETS - 100.0%
          
$
6,433,051
  

Percentages are stated as a percent of net assets.
  
 
The Global Industry Classification Standard (GICS®) was developed by and/or is the exclusive property of MSCI, Inc. and Standard & Poor’s Financial Services LLC (“S&P”). GICS is a service mark of MSCI, Inc. and S&P and has been licensed for use by U.S. Bank Global Fund Services.

ADR - American Depositary Receipt
PLC - Public Limited Company
S.A. - Sociedad Anónima

(a)
Non-income producing security.
(b)
To the extent that the Fund invests more heavily in a particular industry or sector of the economy, its performance will be especially sensitive to developments that significantly affect those industries or sectors.
(c)
The rate shown represents the 7-day effective yield as of February 29, 2024.
(d)
Represents less than 0.05% of net assets.
NEOS ETF Trust
Mast Global Battery Recycling & Production ETF
Notes to Schedule of Investments
February 29, 2024 (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 has 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 29, 2024:

Mast Global Battery Recycling & Production ETF
  
   
Level 1
    
Level 2
    
Level 3
    
Total
  
Assets:
                        
  Common Stocks
  
$
6,337,953
    
$
–
    
$
–
    
$
6,337,953
  
  Money Market Funds
    
97,694
      
–
      
–
      
97,694
  
Total Assets
  
$
6,435,647
    
$
–
    
$
–
    
$
6,435,647
  
                                 
   
Refer to the Schedule of Investments for industry classifications.
  

Mast Global Battery Recycling & Production ETF invested, as a percentage of net assets, in the following countries as of February 29, 2024 (Unaudited):

Allocation of Portfolio Holdings by Country as of February 29, 2024
        
                                             (% of Net Assets)
            
China
  
$
1,754,096
      
27.3
%
Republic of Korea
    
786,275
      
12.2
  
United States
    
641,110
      
9.9
  
Japan
    
606,812
      
9.4
  
Australia
    
602,814
      
9.4
  
United Kingdom
    
491,461
      
7.6
  
Brazil
    
478,362
      
7.4
  
Switzerland
    
415,889
      
6.5
  
France
    
116,746
      
1.8
  
Finland
    
97,990
      
1.5
  
Chile
    
97,451
      
1.5
  
Sweden
    
93,709
      
1.5
  
Hong Kong
    
93,572
      
1.5
  
Belgium
    
86,504
      
1.4
  
Canada
    
72,856
      
1.1
  
Liabilities in Excess of Other Assets
    
(2,596
)
    
0.0
(a) 
   
$
6,433,051
      
100.0
%
 
(a) Represents less than 0.05% of net assets.