1
QUARTERLY REPORT
WEALTH TRUST DBS LONG TERM GROWTH ETF
Schedule of InvestmentsOctober 31, 2022 (unaudited)
|
|
|
|
|
Shares |
|
Fair Value |
|
|
45.44% |
|
COMMON STOCKS |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
4.28% |
|
COMMUNICATION SERVICES |
|
|
|
|
|
|
|
|
Alphabet, Inc. - Class A* |
|
1,932 |
|
$182,593 |
|
|
|
|
Baidu, Inc.* |
|
1,292 |
|
98,928 |
|
|
|
|
The Walt Disney Co.* |
|
1,621 |
|
172,701 |
|
|
|
|
|
|
|
|
454,222 |
|
|
|
|
|
|
|
|
|
|
|
7.98% |
|
CONSUMER DISCRETIONARY |
|
|
|
|
|
|
|
|
Amazon.Com, Inc.* |
|
1,758 |
|
180,090 |
|
|
|
|
Chipotle Mexican Grill** |
|
130 |
|
194,783 |
|
|
|
|
Hilton Wordwide Holdings, Inc. |
|
1,247 |
|
168,669 |
|
|
|
|
Lowe’s Cos., Inc. |
|
1,554 |
|
302,952 |
|
|
|
|
|
|
|
|
846,494 |
|
|
|
|
|
|
|
|
|
|
|
8.20% |
|
ENERGY |
|
|
|
|
|
|
|
|
Cheniere Energy, Inc. |
|
933 |
|
164,591 |
|
|
|
|
Chesapeake Energy Corp. |
|
1,617 |
|
165,371 |
|
|
|
|
Devon Energy Corp. |
|
2,227 |
|
172,259 |
|
|
|
|
Exxon Mobil Corp. |
|
1,821 |
|
201,785 |
|
|
|
|
Marathon Petroleum Corp. |
|
1,464 |
|
166,340 |
|
|
|
|
|
|
|
|
870,346 |
|
|
|
|
|
|
|
|
|
|
|
0.96% |
|
FINANCIAL |
|
|
|
|
|
|
|
|
HSBC Holdings Plc |
|
3,941 |
|
102,111 |
|
|
|
|
|
|
|
|
|
|
|
13.61% |
|
HEALTH CARE |
|
|
|
|
|
|
|
|
Bayer AG |
|
9,829 |
|
129,153 |
|
|
|
|
Bristol-Myers Squibb Co. |
|
2,247 |
|
174,075 |
|
|
|
|
Johnson & Johnson |
|
1,785 |
|
310,537 |
|
|
|
|
Pfizer, Inc. |
|
7,058 |
|
328,550 |
|
|
|
|
Thermo Fisher Scientific |
|
399 |
|
205,074 |
|
|
|
|
United Health Group, Inc. |
|
533 |
|
295,895 |
|
|
|
|
|
|
|
|
1,443,284 |
|
|
|
|
|
|
|
|
|
|
|
1.68% |
|
INDUSTRIALS |
|
|
|
|
|
|
|
|
Southwest Airlines* |
|
4,898 |
|
178,042 |
|
|
|
|
|
|
|
|
|
|
|
6.50% |
|
INFORMATION TECHNOLOGY |
|
|
|
|
|
|
|
|
Apple, Inc. |
|
1,429 |
|
219,123 |
|
|
|
|
Microsoft Corp. |
|
847 |
|
196,614 |
|
|
|
|
Visa, Inc. |
|
1,323 |
|
274,073 |
|
|
|
|
|
|
|
|
689,810 |
|
2
QUARTERLY REPORT
WEALTH TRUST DBS LONG TERM GROWTH ETF
Schedule of Investments - continuedOctober 31, 2022 (unaudited)
|
|
|
|
|
Shares |
|
Fair Value |
|
|
2.23% |
|
MATERIALS |
|
|
|
|
|
|
|
|
Albermarle Corp. |
|
844 |
|
$236,210 |
|
|
|
|
|
|
|
|
|
|
|
45.44% |
|
TOTAL COMMON STOCKS |
|
4,820,519 |
|
||
|
|
|
|
|
|
|
|
|
|
38.15% |
|
EXCHANGE TRADED FUNDS |
|
|
|
|
|
|
|
|
Invesco S&P 500 Pure Value ETF |
|
4,364 |
|
344,581 |
|
|
|
|
iShares Silver Trust* |
|
6,148 |
|
108,328 |
|
|
|
|
JPMorgan Ultra-Short Income ETF |
|
24,625 |
|
1,233,466 |
|
|
|
|
SPDR Bloomber1-3 Month T-Bill ETF |
|
13,473 |
|
1,233,992 |
|
|
|
|
SPDR Gold Shares ETF* |
|
3,093 |
|
469,858 |
|
|
|
|
SPDR S&P 500 ETF Trust |
|
820 |
|
316,692 |
|
|
|
|
Vanguard High Dividend Yield ETF |
|
3,198 |
|
340,523 |
|
|
|
|
|
|
|
|
4,047,440 |
|
|
|
|
|
|
|
|
|
|
|
38.15% |
|
TOTAL EXCHANGE TRADED FUNDS |
|
4,047,440 |
|
||
|
|
|
|
|
|
|
|
|
|
83.59% |
|
TOTAL INVESTMENTS |
|
8,867,959 |
|
||
|
16.41% |
|
Other assets, net of liabilities |
|
1,741,274 |
|
||
|
100.00% |
|
NET ASSETS |
|
$10,609,233 |
|
||
*Non-income producing
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.
3
QUARTERLY REPORT
WEALTH TRUST DBS LONG TERM GROWTH ETF
Schedule of Investments - continuedOctober 31, 2022 (unaudited)
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 |
|
$4,820,519 |
|
$— |
|
$— |
|
$4,820,519 |
|
|
Exchange Traded Funds |
|
4,047,440 |
|
|
|
|
|
4,047,440 |
|
|
Total Investments |
|
$8,867,959 |
|
$— |
|
$— |
|
$8,867,959 |
|
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 $8,960,285 and the related tax-based net unrealized appreciation (depreciation) consists of:
|
|
Gross unrealized appreciation |
|
$241,443 |
|
|
|
Gross unrealized depreciation |
|
(333,769 |
) |
|
|
Net unrealized appreciation |
|
$(92,326 |
) |