Portfolio Building Block European Banks Index ETF
Schedule of Investments
January 31, 2026 (Unaudited)
COMMON STOCKS - 99.7%  Shares   Value 
Banking - 99.7%(a)        
ABN AMRO Bank NV   12,667   $468,054 
AIB Group PLC   47,868    538,144 
AL Sydbank A/S   1,206    109,799 
Banca Monte dei Paschi di Siena SpA   42,130    437,750 
Banco Bilbao Vizcaya Argentaria SA   126,417    3,225,921 
Banco BPM SpA   25,236    378,879 
Banco Comercial Portugues SA   272,684    296,631 
Banco de Sabadell SA(b)   109,596    430,911 
Banco Santander SA   326,141    4,182,588 
Bank of Ireland Group PLC   21,721    443,035 
Bankinter SA(b)   14,683    251,884 
Banque Cantonale Vaudoise   626    85,033 
Barclays PLC   311,060    2,075,355 
BAWAG Group AG   1,789    292,427 
BNP Paribas SA   22,015    2,388,551 
BPER Banca SpA   32,618    460,023 
CaixaBank SA   82,598    1,096,125 
Commerzbank AG   16,458    679,207 
Credit Agricole SA   25,971    564,480 
Danske Bank A/S   14,647    750,177 
DNB Bank ASA   19,328    557,145 
Erste Group Bank AG   7,096    924,376 
FinecoBank Banca Fineco SpA   14,062    373,892 
HSBC Holdings PLC   380,487    6,711,375 
ING Groep NV   67,658    1,997,753 
Intesa Sanpaolo SpA   306,497    2,175,357 
Jyske Bank A/S   940    137,394 
KBC Ancora SCA(b)   884    81,608 
KBC Group NV   5,172    731,579 
Lion Finance Group PLC   755    104,537 
Lloyds Banking Group PLC   1,323,668    1,978,972 
Luzerner Kantonalbank AG   452    57,758 
Mediobanca Banca di Credito Finanziario SpA   5,737    120,326 
NatWest Group PLC   179,992    1,643,005 
Nordea Bank Abp   75,007    1,456,545 
Oberbank AG   603    55,380 
Raiffeisen Bank International AG   3,170    160,955 
Ringkjoebing Landbobank A/S   603    152,739 
Skandinaviska Enskilda Banken AB   34,730    750,723 
Societe Generale SA   17,253    1,514,753 
SpareBank 1 Sor-Norge ASA   5,283    107,101 
Sparebanken Norge   2,720    54,405 

 

 

   

 

Standard Chartered PLC   43,940   $1,122,724 
Svenska Handelsbanken AB - Class A   30,534    484,971 
Swedbank AB - Class A   22,649    887,052 
Unicaja Banco SA   21,595    74,143 
UniCredit SpA   31,539    2,755,882 
Valiant Holding AG   303    61,068 
         46,388,492 
           
TOTAL COMMON STOCKS (Cost $44,966,599)        46,388,492 
           
SHORT-TERM INVESTMENTS - 0.3%          
Money Market Funds - 0.3%   Shares    Value 
Dreyfus Treasury Securities Cash Management, 3.57%(c)   136,054    136,054 
           
TOTAL SHORT-TERM INVESTMENTS (Cost $136,054)        136,054 
           
TOTAL INVESTMENTS - 100.0% (Cost $45,102,653)       $46,524,546 
Other Assets in Excess of Liabilities - 0.0%(d)        2,551 
TOTAL NET ASSETS - 100.0%       $46,527,097 
           
Percentages are stated as a percent of net assets.          

 

PLC Public Limited Company

 

(a) To the extent that the Fund invests more heavily in a particular industry or sector of the economy, its performance will be especially sensitive to developments that significantly affect those industries or sectors.
(b) Non-income producing security.
(c) The rate shown represents the 7-day annualized effective yield as of January 31, 2026.
(d) Does not round to 0.1% or (0.1)%, as applicable.