UBC ALGORITHMIC FUNDAMENTALS ETF
Schedule of InvestmentsOctober 31, 2022 (unaudited)
1
QUARTERLY REPORT
|
|
|
|
Shares |
|
Fair Value |
|
87.14% |
|
COMMON STOCKS |
|
|
|
|
|
|
|
|
|
|
|
|
|
10.02% |
|
COMMUNICATION SERVICES |
|
|
|
|
|
|
|
Activision Blizzard, Inc. |
|
83 |
|
$6,042 |
|
|
|
Alphabet, Inc. - Class A* |
|
1,570 |
|
148,381 |
|
|
|
Meta Platforms, Inc.* |
|
363 |
|
33,817 |
|
|
|
|
|
|
|
188,240 |
|
14.25% |
|
CONSUMER DISCRETIONARY |
|
|
|
|
|
|
|
Amazon.Com, Inc.* |
|
1,227 |
|
125,694 |
|
|
|
Chipotle Mexican Grill* |
|
12 |
|
17,980 |
|
|
|
Etsy, Inc.* |
|
74 |
|
6,949 |
|
|
|
Royal Caribbean Cruises * |
|
342 |
|
18,256 |
|
|
|
Tesla, Inc.* |
|
434 |
|
98,752 |
|
|
|
|
|
|
|
267,631 |
|
4.39% |
|
CONSUMER STAPLES |
|
|
|
|
|
|
|
Archer-Daniels-Midland Co. |
|
190 |
|
18,426 |
|
|
|
Costco Wholesale Corp. |
|
60 |
|
30,090 |
|
|
|
PepsiCo, Inc. |
|
187 |
|
33,956 |
|
|
|
|
|
|
|
82,472 |
|
3.96% |
|
ENERGY |
|
|
|
|
|
|
|
Devon Energy Corp. |
|
467 |
|
19,539 |
|
|
|
Marathon Oil Corp. |
|
599 |
|
18,240 |
|
|
|
Marathon Petroleum Corp. |
|
158 |
|
17,952 |
|
|
|
Schlumberger Ltd. |
|
359 |
|
18,679 |
|
|
|
|
|
|
|
74,410 |
|
1.90% |
|
FINANCIALS |
|
|
|
|
|
|
|
Intercontinental Exchange |
|
186 |
|
17,776 |
|
|
|
NASDAQ, Inc. |
|
288 |
|
17,925 |
|
|
|
|
|
|
|
35,701 |
|
1.92% |
|
HEALTH CARE |
|
|
|
|
|
|
|
CVS Health Corp. |
|
76 |
|
7,197 |
|
|
|
Danaher Corp. |
|
29 |
|
7,298 |
|
|
|
Molina Healthcare, Inc.* |
|
20 |
|
7,177 |
|
|
|
Thermo Fisher Scientific |
|
14 |
|
7,196 |
|
|
|
Vertex Pharmaceuticals* |
|
23 |
|
7,176 |
|
|
|
|
|
|
|
36,044 |
|
|
|
|
|
|
|
|
|
6.46% |
|
INDUSTRIALS |
|
|
|
|
|
|
|
Caterpillar, Inc. |
|
82 |
|
17,750 |
|
|
|
Fortive Corp. |
|
279 |
|
17,828 |
|
|
|
Honeywell International |
|
88 |
|
17,954 |
|
|
|
Old Dominion Freight |
|
27 |
|
7,414 |
|
UBC ALGORITHMIC FUNDAMENTALS ETF
Schedule of Investments - continuedOctober 31, 2022 (unaudited)
2
QUARTERLY REPORT
|
|
|
|
Shares |
|
Fair Value |
|
|
|
Textron, Inc. |
|
263 |
|
$18,000 |
|
|
|
Transdigm Group, Inc. |
|
36 |
|
20,727 |
|
|
|
Union PAC Corp. |
|
36 |
|
7,097 |
|
|
|
UPS, Inc. Class B |
|
43 |
|
7,214 |
|
|
|
Waste Management, Inc. |
|
46 |
|
7,285 |
|
|
|
|
|
|
|
121,269 |
|
37.12% |
|
INFORMATION TECHNOLOGY |
|
|
|
|
|
|
|
Analog Devices, Inc. |
|
50 |
|
7,131 |
|
|
|
Apple, Inc. |
|
1,964 |
|
301,160 |
|
|
|
Auto Desk* |
|
82 |
|
17,573 |
|
|
|
Broadcom, Inc. |
|
60 |
|
28,207 |
|
|
|
Broadridge Financial Solutions |
|
42 |
|
6,303 |
|
|
|
Cadence Design Systems* |
|
48 |
|
7,267 |
|
|
|
Enphase Energy, Inc.* |
|
72 |
|
22,104 |
|
|
|
EPAM Systems, Inc.* |
|
21 |
|
7,350 |
|
|
|
LAM Research Corp. |
|
45 |
|
18,215 |
|
|
|
Microchip Technology, Inc. |
|
114 |
|
7,038 |
|
|
|
Microsoft Corp. |
|
901 |
|
209,149 |
|
|
|
Nvidia Corp |
|
328 |
|
44,270 |
|
|
|
Synopsys, Inc.* |
|
24 |
|
7,021 |
|
|
|
Texas Instruments, Inc. |
|
45 |
|
7,228 |
|
|
|
Tyler Technologies, Inc.* |
|
22 |
|
7,113 |
|
|
|
|
|
|
|
697,129 |
|
1.81% |
|
MATERIALS |
|
|
|
|
|
|
|
Avery Dennison Corp. |
|
|
|
|
|
|
|
CF Industries Holdings, Inc. |
|
42 |
|
7,121 |
|
|
|
PPG Industries, Inc. |
|
185 |
|
19,658 |
|
|
|
|
|
63 |
|
7,193 |
|
|
|
|
|
|
|
33,972 |
|
2.28% |
|
REAL ESTATE |
|
|
|
|
|
|
|
Host Hotels & Resorts |
|
964 |
|
18,200 |
|
|
|
Invitation Homes, Inc. |
|
225 |
|
7,130 |
|
|
|
Prologis, Inc. |
|
159 |
|
17,609 |
|
|
|
|
|
|
|
42,939 |
|
3.03% |
|
UTILITIES |
|
|
|
|
|
|
|
Alliant Energy Corp. |
|
138 |
|
7,200 |
|
|
|
American Electric Power Co., Inc. |
|
81 |
|
7,122 |
|
|
|
DTE Energy Co. |
|
63 |
|
7,063 |
|
|
|
Duke Energy Co. |
|
77 |
|
7,175 |
|
|
|
Eversource Energy |
|
94 |
|
7,170 |
|
|
|
Nextera Energy, Inc. |
|
91 |
|
7,053 |
|
UBC ALGORITHMIC FUNDAMENTALS ETF
Schedule of Investments - continuedOctober 31, 2022 (unaudited)
3
QUARTERLY REPORT
|
|
|
|
Shares |
|
Fair Value |
|
|
|
Public Service Enterprise Group, Inc. |
|
126 |
|
$7,065 |
|
|
|
The Southern Company |
|
108 |
|
7,072 |
|
|
|
|
|
|
|
56,920 |
|
|
|
|
|
|
|
|
|
87.14% |
|
TOTAL COMMON STOCKS |
|
1,636,727 |
|
||
|
|
|
|
|
|
|
|
4.77% |
|
MONEY MARKET FUND |
|
|
|
|
|
|
|
Dreyfus Treasury Securities Cash Management 2.21%** |
|
89,648 |
|
89,648 |
|
1.99% PURCHASED OPTIONS
|
|
Description |
|
Number of |
|
Notional |
|
Exercise |
|
Value |
|
|
|
CALL OPTIONS |
|
|
|
|
|
|
|
|
|
|
|
Apple Inc. |
|
59 |
|
$904,706 |
|
$152.50 |
|
$37,347 |
|
|
|
|
|
|
|
|
|
|
|
|
|
1.99% |
|
TOTAL PURCHASED OPTIONS |
|
$37,347 |
|
||||||
|
|
|
|
|
|
|
|
|
|
|
|
93.90% |
|
TOTAL INVESTMENTS |
|
1,763,722 |
|
||||||
6.10% |
|
Other assets, net of liabilities |
|
114,492 |
|
||||||
100.00% |
|
NET ASSETS |
|
$1,878,214 |
|
*Non-income producing
**Effective 7 day yield as of October 31, 2022
In accordance with U.S. GAAP, “fair value” is defined as the price that a Fund would receive upon selling an investment in an orderly transaction to an independent buyer in the principal or most advantageous market for the investment. Various inputs are used in determining the value of a Fund’s investments. U.S. GAAP established a three-tier hierarchy of inputs to establish a classification of fair value measurements for disclosure purposes. Level 1 includes quoted prices in active markets for identical securities. Level 2 includes other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.). Level 3 includes significant unobservable inputs (including the Fund’s own assumptions in determining 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.
UBC ALGORITHMIC FUNDAMENTALS ETF
Schedule of Investments - continuedOctober 31, 2022 (unaudited)
4
QUARTERLY REPORT
The following is a summary of the inputs used to value the Fund’s investments as of October 31, 2022:
|
|
Level 1 |
|
Level 2 |
|
Level 3 |
|
|
|
|
|
Quoted Prices |
|
Other |
|
Significant |
|
Total |
|
Common Stock |
|
$1,636,727 |
|
$— |
|
$— |
|
$1,636,727 |
|
Money Market |
|
$89,648 |
|
|
|
|
|
$89,648 |
|
Purchased Options |
|
$37,347 |
|
|
|
|
|
$37,347 |
|
Total Investments |
|
$1,763,722 |
|
$— |
|
$— |
|
$1,763,722 |
|
The Fund held no Level 3 securities at any time during the period.
There were no transfers into or out of Levels 1 and 2 during the period ended October 31, 2022.
At October 31, 2022, the cost of investments for Federal income tax purposes has been estimated since the final tax characteristics cannot be determined until fiscal year end. Cost of securities for Federal income tax purpose is $1,868,578 and the related tax-based net unrealized appreciation (depreciation) consists of:
|
Gross unrealized appreciation |
|
$24,204 |
|
|
Gross unrealized depreciation |
|
(129,060 |
) |
|
Net unrealized appreciation |
|
$(104,856 |
) |