Aptus Defined Risk ETF
  
Schedule of Investments
  
July 31, 2022 (Unaudited)
  
Shares
  
 
Security Description
        
Value
  
      
EXCHANGE TRADED FUNDS - 91.9% (a)
            
 
3,667,625
    
Invesco BulletShares 2024 Corporate Bond ETF
        
$
76,580,010
  
 
7,431,175
    
Invesco BulletShares 2025 Corporate Bond ETF (b)
          
154,048,258
  
 
7,857,275
    
Invesco BulletShares 2026 Corporate Bond ETF (b)
          
154,709,745
  
 
1,954,300
    
Invesco BulletShares 2027 Corporate Bond ETF (b)
          
38,871,027
  
 
291,089
    
Invesco BulletShares 2028 Corporate Bond ETF
          
6,002,255
  
 
6,727,674
    
iShares iBonds Dec 2027 Term Corporate ETF (b)
          
165,029,843
  
 
3,739,525
    
iShares iBonds Dec 2028 Term Corporate ETF (b)
          
95,956,212
  
 
2,314,475
    
iShares iBonds Dec 2029 Term Corporate ETF (b)
          
54,714,189
  
 
1,538,000
    
iShares iBonds Dec 2030 Term Corporate ETF (b)
          
34,212,502
  
        
TOTAL EXCHANGE TRADED FUNDS (Cost $776,929,547)
          
780,124,041
  
                       
Contracts
         
Notional
Amount
          
        
PURCHASED OPTIONS (c) - 2.9%
              
        
Call Options - 2.6%
              
 
11,000
    
Energy Select Sector SPDR Fund, Expiration: 09/16/2022, Exercise Price: $80.00
    
86,262,000
      
3,602,500
  
 
14,000
    
Fidelity National Information Services, Inc., Expiration: 10/21/2022, Exercise Price: $110.00
  
$
143,024,000
      
4,305,000
  
 
4,000
    
iShares 20+ Year Treasury Bond ETF, Expiration: 09/16/2022, Exercise Price: $120.00 (d)
    
46,972,000
      
810,000
  
 
12,500
    
Lowe’s Companies, Inc., Expiration: 01/20/2023, Exercise Price: $240.00 (d)
    
239,412,500
      
3,593,750
  
 
620
    
S&P 500 Index, Expiration: 10/21/2022, Exercise Price: $4,150.00
    
256,077,980
      
9,402,300
  
                     
21,713,550
  
        
Put Options - 0.3%
                
 
350
    
S&P 500 Index, Expiration: 09/16/2022, Exercise Price: $4,000.00
    
144,560,150
      
2,444,750
  
        
TOTAL PURCHASED OPTIONS (Cost $19,485,706)
            
24,158,300
  
                         
        
Total Investments (Cost $796,415,253) - 94.8%
            
804,282,341
  
        
Other Assets in Excess of Liabilities - 5.2%
            
44,156,954
  
        
NET ASSETS - 100.0%
          
$
848,439,295
  
                         
        
Percentages are stated as a percent of net assets.
                
     
 (a) 
The risks of investing in investment companies, such as the underlying ETFs, typically reflect the risks of the types of investments in which the investment companies invest.
                
     
 (b) 
Affiliated Exchange Traded Fund during the period.
                
     
 (c) 
Exchange traded.
                
     
 (d) 
Securities are held in connection with written options, see Schedule of Written Options for more details.
                

 
Aptus Defined Risk ETF
            
Schedule of Written Options
            
July 31, 2022 (Unaudited)
            
Contracts
  
 
Security Description
  
Notional
Amount
    
Value
  
      
Written Options (a) - (0.1)%
            
      
Call Options - (0.1)%
            
 
(4,000
)
  
iShares 20+ Year Treasury Bond ETF, Expiration: 09/16/2022, Exercise Price: $135.00
  
$
(46,972,000
)
  
$
(88,000
)
 
(12,500
)
  
Lowe’s Companies, Inc., Expiration: 01/20/2023, Exercise Price: $280.00
    
(239,412,500
)
    
(712,500
)
        
TOTAL WRITTEN OPTIONS (Premiums Received $864,647)
          
$
(800,500
)
                         
        
Percentages are stated as a percent of net assets.
                
     
 (a) 
Exchange traded.
                
 

Summary of Fair Value Disclosure at July 31, 2022 (Unaudited)

The Fund utilizes various methods to measure fair value of its investments on a recurring basis.  Accounting principles generally accepted in the United States of America (“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 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 identical instrument on an inactive market, prices for similar instruments, interest rates, prepayment speeds, 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 asset or liability, and would be based on the best information available.

The availability of observable inputs can vary from security to security and is affected by a wide variety of factors, including, for example, the type of security, whether the security is new and not yet established in marketplace, liquidity of markets, and other characteristics particular to security.
To the extent that the valuation is based on models or inputs that are less observable or unobservable in market, the determination of fair value requires more judgment. Accordingly, the degree of judgment exercised in determining fair value is greatest for instruments categorized in Level 3.

The inputs used to measure fair value may fall into different levels of the fair value hierarchy. In such cases, for disclosure purposes, the level in the fair value hierarchy within which the fair value measurement falls in its entirety, is determined based on lowest level input that is significant to the fair value measurement in its entirety.

The following is a summary of the inputs used to value the Fund’s investments as of July 31, 2022:

Aptus Defined Risk ETF
                      
Assets^
  
Level 1
    
Level 2
    
Level 3
    
Total
Exchange Traded Funds
  
$
780,124,041
    
$
-
    
$
-
    
$
780,124,041
Purchased Options
    
-
      
24,158,300
      
-
      
24,158,300
Total Investments in Securities
  
$
780,124,041
    
$
24,158,300
    
$
-
    
$
804,282,341
                               
Liabilities^
  
Level 1
    
Level 2
    
Level 3
    
Total
Written Options
  
$
-
    
$
800,500
    
$
-
    
$
800,500
Total Written Options
  
$
-
    
$
800,500
    
$
-
    
$
800,500
                               
^ See Schedule of Investments and Schedule of Written Options for further disaggregation of investment categories.
        
For the period ended July 31, 2022, the Fund did not recognize any transfers to or from Level 3.

Transactions With Affiliated Securities
                                  
                                   
Investments in issuers considered to be affiliate(s) of the Funds during the period ended July 31, 2022 for purposes of Section 2(a)(3) of the 1940 Act were as follows:
 
Aptus Defined Risk ETF
                          
Change in
      
                           
Unrealized
      
   
Value at
    
Purchases
    
Proceeds
    
Net Realized
    
Appreciation
    
Value at
Affiliated Issuer
  
4/30/2022
    
at Cost
    
from Sales
    
Gain (Loss)
    
(Depreciation)
    
7/31/2022
Invesco BulletShares 2025 Corporate Bond ETF
  
$
25,829,734
    
$
142,075,950
    
$
(14,432,844
)
  
$
(127,890
)
  
$
703,308
    
$
154,048,258
Invesco BulletShares 2026 Corporate Bond ETF
    
25,772,240
      
142,044,467
      
(14,404,927
)
    
(144,908
)
    
1,442,873
      
154,709,745
Invesco BulletShares 2027 Corporate Bond ETF
    
-
      
41,761,100
      
(3,356,303
)
    
(40,560
)
    
506,790
      
38,871,027
iShares iBonds Dec 2024 Term Corporate ETF
    
179,860,435
      
268,717
      
(180,291,243
)
    
(9,111,288
)
    
9,273,379
      
-
iShares iBonds Dec 2025 Term Corporate ETF
    
190,017,857
      
283,454
      
(190,566,642
)
    
(13,853,862
)
    
14,119,193
      
-
iShares iBonds Dec 2026 Term Corporate ETF
    
182,671,728
      
272,707
      
(183,349,642
)
    
(12,884,833
)
    
13,290,040
      
-
iShares iBonds Dec 2027 Term Corporate ETF
    
147,698,876
      
34,766,690
      
(19,764,421
)
    
(217,326
)
    
2,546,024
      
165,029,843
iShares iBonds Dec 2028 Term Corporate ETF
    
-
      
164,320,650
      
(69,255,362
)
    
(97,012
)
    
987,936
      
95,956,212
iShares iBonds Dec 2029 Term Corporate ETF
    
-
      
58,483,953
      
(4,705,820
)
    
(53,307
)
    
989,363
      
54,714,189
iShares iBonds Dec 2030 Term Corporate ETF
    
-
      
36,719,480
      
(2,928,958
)
    
(53,650
)
    
475,630
      
34,212,502
   
$
751,850,870
                    
$
(36,584,636
)
  
$
44,334,536
    
$
512,658,873