MOTLEY FOOL SMALL-CAP GROWTH ETF
|
||||||||
PORTFOLIO OF INVESTMENTS
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||||||||
NOVEMBER 30, 2023 (Unaudited)
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||||||||
NUMBER OF
SHARES
|
VALUE
|
|||||||
COMMON STOCKS — 93.2%
|
||||||||
Aerospace & Defense — 6.6%
|
||||||||
Axon Enterprise, Inc. (United States) (a)
|
10,487
|
$
|
2,410,647
|
|||||
Leonardo DRS, Inc. (United States) (a)
|
131,920
|
2,431,285
|
||||||
4,841,932
|
||||||||
Air Freight & Logistics — 2.9%
|
||||||||
GXO Logistics, Inc. (United States) (a)
|
37,878
|
2,131,016
|
||||||
Automobile Components — 4.7%
|
||||||||
Fox Factory Holding Corp. (United States) (a)
|
14,608
|
913,146
|
||||||
Gentex Corp. (United States)
|
83,936
|
2,552,494
|
||||||
3,465,640
|
||||||||
Banks — 4.1%
|
||||||||
Live Oak Bancshares, Inc. (United States) (b)
|
89,002
|
2,990,467
|
||||||
Biotechnology — 2.8%
|
||||||||
Ultragenyx Pharmaceutical, Inc. (United States) (a)(b)
|
53,624
|
2,083,292
|
||||||
Building Products — 1.6%
|
||||||||
Trex Co., Inc. (United States) (a)(b)
|
17,092
|
1,201,055
|
||||||
Capital Markets — 2.6%
|
||||||||
StoneX Group, Inc. (United States) (a)
|
31,253
|
1,910,496
|
||||||
Electronic Equipment, Instruments & Components — 1.5%
|
||||||||
IPG Photonics Corp. (United States) (a)
|
11,235
|
1,075,864
|
||||||
Financial Services — 0.8%
|
||||||||
Toast, Inc., Class A (United States) (a)(b)
|
41,552
|
617,878
|
||||||
Ground Transportation — 5.6%
|
||||||||
Landstar System, Inc. (United States)
|
8,299
|
1,432,822
|
||||||
RXO, Inc. (United States) (a)(b)
|
127,552
|
2,673,490
|
||||||
4,106,312
|
||||||||
Health Care Equipment & Supplies — 12.4%
|
||||||||
Globus Medical, Inc., Class A (United States) (a)
|
47,285
|
2,124,042
|
||||||
Inari Medical, Inc. (United States) (a)(b)
|
41,376
|
2,469,733
|
||||||
Penumbra, Inc. (United States) (a)
|
6,719
|
1,492,223
|
||||||
Shockwave Medical, Inc. (United States) (a)
|
9,095
|
1,587,532
|
||||||
UFP Technologies, Inc. (United States) (a)(b)
|
8,560
|
1,424,898
|
||||||
9,098,428
|
||||||||
Health Care Providers & Services — 3.3%
|
||||||||
HealthEquity, Inc. (United States) (a)
|
35,483
|
2,378,071
|
||||||
Health Care Technology — 2.2%
|
||||||||
Certara, Inc. (United States) (a)(b)
|
47,670
|
686,925
|
||||||
Schrodinger, Inc. (United States) (a)(b)
|
30,542
|
949,551
|
||||||
1,636,476
|
||||||||
Industrial REITs — 2.8%
|
||||||||
STAG Industrial, Inc. (United States) (b)
|
56,860
|
2,038,431
|
||||||
Insurance — 5.4%
|
||||||||
Goosehead Insurance, Inc., Class A (United States) (a)(b)
|
53,787
|
3,941,511
|
||||||
Leisure Products — 1.4%
|
||||||||
Topgolf Callaway Brands Corp. (United States) (a)(b)
|
85,226
|
1,044,871
|
||||||
Life Sciences Tools & Services — 1.0%
|
||||||||
Mesa Laboratories, Inc. (United States) (b)
|
8,239
|
703,363
|
||||||
Machinery — 2.6%
|
||||||||
John Bean Technologies Corp. (United States)
|
18,704
|
1,932,123
|
||||||
Oil, Gas & Consumable Fuels — 2.8%
|
||||||||
Northern Oil and Gas, Inc. (United States) (b)
|
53,721
|
2,010,240
|
||||||
Personal Care Products — 2.3%
|
||||||||
BellRing Brands, Inc. (United States) (a)
|
32,100
|
1,698,090
|
||||||
Professional Services — 1.4%
|
||||||||
Paylocity Holding Corp. (United States) (a)
|
6,570
|
1,029,322
|
||||||
Real Estate Management & Development — 3.4%
|
||||||||
Howard Hughes Holdings, Inc. (United States) (a)
|
33,587
|
2,468,980
|
||||||
Semiconductors & Semiconductor Equipment — 1.1%
|
||||||||
Wolfspeed, Inc. (United States) (a)(b)
|
20,776
|
765,803
|
||||||
Software — 14.4%
|
||||||||
Alarm.com Holdings, Inc. (United States) (a)
|
62,433
|
3,401,350
|
||||||
Everbridge, Inc. (United States) (a)
|
43,381
|
883,237
|
||||||
Q2 Holdings, Inc. (United States) (a)(b)
|
96,998
|
3,445,369
|
||||||
Smartsheet, Inc., Class A (United States) (a)
|
66,712
|
2,827,255
|
||||||
10,557,211
|
||||||||
Trading Companies & Distributors — 3.5%
|
||||||||
Watsco, Inc. (United States) (b)
|
6,617
|
2,529,217
|
||||||
TOTAL COMMON STOCKS (COST
$77,216,403)
|
68,256,089
|
|||||||
INVESTMENTS PURCHASED WITH PROCEEDS FROM SECURITIES LENDING COLLATERAL — 34.2%
|
||||||||
Mount Vernon Liquid Assets Portfolio, LLC, 4.93% (c)
|
25,046,561
|
25,046,561
|
||||||
TOTAL INVESTMENTS PURCHASED WITH PROCEEDS FROM SECURITIES LENDING COLLATERAL (COST
$25,046,561)
|
25,046,561
|
|||||||
SHORT-TERM INVESTMENTS — 6.8%
|
||||||||
Money Market Deposit Accounts — 6.8%
|
||||||||
U.S. Bank Money Market Deposit Account, 5.20% (c)
|
4,965,485
|
4,965,485
|
||||||
TOTAL MONEY MARKET DEPOSIT ACCOUNTS (COST $4,965,485)
|
4,965,485
|
|||||||
TOTAL SHORT-TERM INVESTMENTS (COST $4,965,485)
|
4,965,485
|
|||||||
TOTAL INVESTMENTS (COST $107,228,449) — 134.2%
|
98,268,135
|
|||||||
LIABILITIES IN EXCESS OF OTHER ASSETS — (34.2)%
|
(25,057,564
|
)
|
||||||
TOTAL NET ASSETS — 100.0%
|
$
|
73,210,571
|
||||||
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 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. Bancorp Fund Services, LLC.”
|
REIT Real Estate Investment Trust
|
(a)
|
Non-income producing security.
|
(b)
|
All or a portion of this security is on loan. At November 30, 2023, the market value of securities on loan was $24,334,015.
|
(c)
|
The rate shown is as of November 30, 2023.
|
Level 1 -
|
Prices are determined using quoted prices in active markets for identical securities.
|
Level 2 -
|
Prices are determined using other significant observable inputs (including quoted prices for similar securities, interest
rates, prepayment speeds, credit risk, etc.).
|
Level 3 -
|
Prices are determined using significant unobservable inputs (including the Fund’s own assumptions in determining the fair value
of investments).
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MOTLEY FOOL SMALL-CAP GROWTH ETF
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TOTAL
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|
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LEVEL 1
|
|
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LEVEL 2
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|
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LEVEL 3
|
|
||||
Assets
|
|
|
|
|
|
|
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|
||||
Equities
|
|
|
|
|
|
|
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|
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|
||||
Common Stocks
|
|
$
|
68,256,089
|
|
|
$
|
68,256,089
|
|
|
$
|
–
|
|
|
$
|
–
|
|
Total Equity Securities
|
|
$
|
68,256,089
|
$
|
68,256,089
|
|
|
$
|
–
|
|
|
$
|
–
|
|
||
Investments Purchased with Proceeds from Securities Lending Collateral
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Investments Purchased with Proceeds from Securities Lending Collateral(a)
|
|
|
25,046,561
|
|
|
|
–
|
|
|
|
–
|
|
|
|
–
|
|
Total Investments Purchased with Proceeds from Securities Lending Collateral
|
|
$
|
25,046,561
|
|
|
$
|
–
|
|
|
$
|
–
|
|
|
$
|
–
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Short-Term Investments
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Money Market Deposit Accounts
|
|
$
|
4,965,485
|
|
|
$
|
4,965,485
|
|
|
$
|
–
|
|
|
$
|
–
|
|
Total Short-Term Investments
|
|
$
|
4,965,485
|
|
|
$
|
4,965,485
|
|
|
$
|
–
|
|
|
$
|
–
|
|
Total Assets*
|
|
$
|
98,268,135
|
|
|
$
|
73,221,574
|
|
|
$
|
–
|
|
|
$
|
–
|
|
* Please refer to Portfolio of Investments for further details.
|
(a)
|
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 listed in the Schedule of Investments.
|