STOCKSNIPS AI POWERED SENTIMENT US ALL CAP ETF
SCHEDULE OF INVESTMENTS
April 30, 2025 (Unaudited)

COMMON STOCKS - 96.5%

Shares

Value  
Application Software - 7.4%

Nice Ltd. - ADR (a)

5,784 

$901,465 
Zoom Communications, Inc. - Class A (a)

10,760 

834,331 




1,735,796 





Biotechnology - 3.2%

Neurocrine Biosciences, Inc. (a)

6,952 

748,661 





Communications Equipment - 3.5%

Motorola Solutions, Inc.

1,897 

835,420 





Data Processing & Outsourced Services - 3.4%

ExlService Holdings, Inc. (a)

16,677 

808,501 





Education Services - 3.5%

Stride, Inc. (a)

5,847 

831,736 





Electric Utilities - 3.3%

NRG Energy, Inc.

7,055 

773,087 





Electronic Components - 3.9%

Amphenol Corp. - Class A

12,080 

929,556 





Environmental & Facilities Services - 3.9%

Waste Management, Inc.

3,929 

916,871 





Health Care Equipment - 3.2%

Stryker Corp.

2,016 

753,823 





Health Care Services - 3.3%

Quest Diagnostics, Inc.

4,403 

784,703 





Health Care Technology - 3.3%

Veeva Systems, Inc. - Class A (a)

3,292 

769,307 





Household Products - 2.8%

Church & Dwight Co., Inc.

6,522 

647,895 





Human Resource & Employment Services - 3.0%

Paychex, Inc.

4,857 

714,562 







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STOCKSNIPS AI-POWERED SENTIMENT US ALL CAP ETF
SCHEDULE OF INVESTMENTS (Continued)
April 30, 2025 (Unaudited)
COMMON STOCKS - 96.5% (CONTINUED)

Shares

Value  
Insurance Brokers - 3.8%

Brown & Brown, Inc.

8,060 

$891,436 





Investment Banking & Brokerage - 3.2%

Virtu Financial, Inc. - Class A

19,498 

763,347 





Life & Health Insurance - 3.2%

Unum Group

9,809 

761,767 





Life Sciences Tools & Services - 5.5%

IQVIA Holdings, Inc. (a)

4,301 

666,956 
Thermo Fisher Scientific, Inc.

1,479 

634,491 




1,301,447 





Managed Health Care - 3.1%

Centene Corp. (a)

12,342 

738,669 





Multi-Utilities - 3.5%

DTE Energy Co.

6,001 

822,137 





Packaged Foods & Meats - 3.0%

Kellanova

8,443 

698,827 





Personal Care Products - 3.1%

Unilever PLC - ADR

11,541 

733,430 





Property & Casualty Insurance - 7.3%

Old Republic International Corp.

18,873 

709,625 
Progressive Corp.

3,628 

1,022,152 




1,731,777 





Systems Software - 3.2%

Fortinet, Inc. (a)

7,362 

763,881 





Tobacco - 3.7%

Philip Morris International, Inc.

5,105 

874,793 





Transaction & Payment Processing Services - 3.2%

Visa, Inc. - Class A

2,212 

764,246 







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STOCKSNIPS AI-POWERED SENTIMENT US ALL CAP ETF
SCHEDULE OF INVESTMENTS (Continued)
April 30, 2025 (Unaudited)
COMMON STOCKS - 96.5% (CONTINUED)

Shares

Value  
Water Utilities - 3.0%

American Water Works Co., Inc.

4,738 

$696,533 
TOTAL COMMON STOCKS (Cost $22,642,035)

22,792,208 





SHORT-TERM INVESTMENTS - 0.3%


Money Market Funds - 0.3%


 
First American Government Obligations Fund - Class X, 4.25% (b)

72,780 

72,780 
TOTAL SHORT-TERM INVESTMENTS (Cost $72,780)

72,780 





TOTAL INVESTMENTS - 96.8% (Cost $22,714,815)

$22,864,988 
Other Assets in Excess of Liabilities - 3.2%

745,567 
TOTAL NET ASSETS - 100.0%

 

$23,610,555 

Percentages are stated as a percent of net assets.

ADR - American Depositary Receipt
PLC - Public Limited Company

(a)

Non-income producing security.
(b)

The rate shown represents the 7-day annualized effective yield as of April 30, 2025.

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.


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STOCKSNIPS AI-POWERED SENTIMENT US ALL CAP ETF

Summary of Fair Value Disclosure as of April 30, 2025 (Unaudited)
 
StockSnips AI Powered Sentiment US All Cap ETF (“the Fund”) has adopted authoritative fair value accounting standards which establish an authoritative definition of fair value and set out a hierarchy for measuring fair value. These standards require additional disclosures about the various inputs and valuation techniques used to develop the measurements of fair value, a discussion of changes in valuation techniques and related inputs during the period, and expanded disclosure of valuation levels for major security types. These inputs are summarized in the three broad levels listed below. The inputs or methodology used for valuing securities are not an indication of the risk associated with investing in those securities.
Level 1 - Unadjusted quoted prices in active markets for identical assets or liabilities that the Fund has the 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 the 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 the asset or liability, and would be based on the best information available.
The following is a summary of the fair valuation hierarchy of the Fund’s securities as of April 30, 2025:
DESCRIPTIONLEVEL 1LEVEL 2LEVEL 3TOTAL
Assets
Common Stocks
$22,792,208 $— $— $22,792,208 
Money Market Funds
72,780 — — 72,780 
Total Investments$22,864,988 $— $— $22,864,988 
 
Refer to the Schedule of Investments for further disaggregation of investment categories.

During the fiscal period ended April 30, 2025, the Fund did not invest in any Level 3 investments and recognized no transfers to/from Level 3. Transfers between levels are recognized at the end of the reporting period.



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