SP Funds S&P Global Technology ETF
Schedule of Investments
January 31, 2026 (Unaudited)

COMMON STOCKS - 99.5%	Shares		Value
Computers - 14.4%
Accenture PLC - Class A		2,147	$	566,035
Apple, Inc.		40,373		10,475,986
Capgemini SE - ADR		11,073		343,595
CGI, Inc.		2,972		256,126
Cognizant Technology Solutions Corp. - Class A		1,626		133,430
Crowdstrike Holdings, Inc. - Class A ^(a)		870		384,022
EPAM Systems, Inc. ^(a)		160		33,376
Fortinet, Inc. ^(a)		2,024		164,470
Fujitsu Ltd. - ADR		25,141		697,663
Gartner, Inc. ^(a)		252		52,822
Logitech International SA		2,027		175,416
NetApp, Inc.		665		64,073
Nomura Research Institute Ltd. - ADR		6,605		201,188
Obic Co. Ltd.		5,215		145,267
Sandisk Corp. ^(a)		478		275,447
Seagate Technology Holdings PLC		749		305,360
Super Micro Computer, Inc. ^(a)		1,664		48,439
				14,322,715

Electrical Components & Equipment - 3.8%
Delta Electronics, Inc.		96,460		3,739,472

Electronics - 2.5%
Celestica, Inc. ^(a)		1,645		464,813
Halma PLC - ADR		2,864		281,474
Jabil, Inc.		339		80,407
Kyocera Corp. - ADR		20,189		302,835
Murata Manufacturing Co. Ltd. - ADR		54,015		546,092
SCREEN Holdings Co. Ltd.		1,420		180,975
TDK Corp.		27,885		358,098
TE Connectivity PLC		938		208,968
Trimble, Inc. ^(a)		714		48,266
				2,471,928

Energy-Alternate Sources - 0.1%
First Solar, Inc. ^(a)		361		81,413

Healthcare-Products - 0.4%
FUJIFILM Holdings Corp. - ADR		35,965		358,571

Internet - 0.6%
CDW Corp.		401		50,682
F5, Inc. ^(a)		169		46,578
GoDaddy, Inc. - Class A ^(a)		465		46,742
Palo Alto Networks, Inc. ^(a)		2,368		419,065
VeriSign, Inc.		267		65,210
				628,277

Machinery-Diversified - 1.5%
Hexagon AB - ADR		31,609		358,446
Keyence Corp.		2,856		1,044,941
Omron Corp. - ADR		2,726		69,186
				1,472,573

Office-Business Equipment - 0.4%
Canon, Inc. - ADR		13,036		396,685
Zebra Technologies Corp. - Class A ^(a)		170		39,947
				436,632

Semiconductors - 54.2% ^(b)
Advanced Micro Devices, Inc. ^(a)		5,650		1,337,524
Advantest Corp. - ADR		10,776		1,782,674
Analog Devices, Inc.		1,702		529,118
Applied Materials, Inc.		2,761		889,926
ASM International NV		663		559,848
ASML Holding NV		4,951		7,159,861
BE Semiconductor Industries NV		1,125		220,160
Broadcom, Inc.		13,832		4,582,542
Disco Corp. - ADR		13,750		587,262
Infineon Technologies AG - ADR		18,722		917,565
KLA Corp.		453		646,857
Lam Research Corp.		4,358		1,017,419
Lasertec Corp. - ADR		6,049		278,254
MediaTek, Inc.		80,488		4,501,394
Microchip Technology, Inc.		1,750		132,860
Micron Technology, Inc.		3,896		1,616,372
Monolithic Power Systems, Inc.		148		166,374
NVIDIA Corp.		55,770		10,659,320
NXP Semiconductors NV		797		180,234
ON Semiconductor Corp. ^(a)		1,448		86,721
QUALCOMM, Inc.		3,714		563,005
Renesas Electronics Corp. - ADR ^(a)		53,432		441,348
Skyworks Solutions, Inc.		479		26,709
STMicroelectronics NV		9,292		263,423
Taiwan Semiconductor Manufacturing Co. Ltd. - ADR		32,276		10,669,155
Teradyne, Inc.		492		118,597
Texas Instruments, Inc.		3,153		679,629
Tokyo Electron Ltd. - ADR		13,766		1,830,603
United Microelectronics Corp. - ADR		126,457		1,287,332
				53,732,086

Software - 17.6%
Adobe, Inc. ^(a)		1,450		425,213
Akamai Technologies, Inc. ^(a)		474		46,049
Autodesk, Inc. ^(a)		681		172,205
Cadence Design Systems, Inc. ^(a)		940		278,578
Constellation Software, Inc.		280		519,609
Dassault Systemes SE - ADR		9,961		273,928
Fair Isaac Corp. ^(a)		67		98,032
Microsoft Corp.		21,745		9,356,656
Oracle Corp.		5,837		960,654
PTC, Inc. ^(a)		373		58,237
Roper Technologies, Inc.		341		126,589
Sage Group PLC - ADR		3,785		197,691
Salesforce, Inc.		3,301		700,769
SAP SE - ADR		14,349		2,884,723
ServiceNow, Inc. ^(a)		3,598		421,002
Synopsys, Inc. ^(a)		638		296,743
Technology One Ltd.		4,912		86,681
Temenos AG - ADR		824		72,908
Tyler Technologies, Inc. ^(a)		146		53,932
WiseTech Global Ltd.		3,398		138,067
Workday, Inc. - Class A ^(a)		687		120,658
Xero Ltd. ^(a)		2,621		172,138
				17,461,062

Telecommunications - 4.0%
Arista Networks, Inc. ^(a)		3,583		507,854
Cisco Systems, Inc.		13,678		1,071,261
Corning, Inc.		2,508		258,951
Nokia Oyj - ADR		78,240		503,083
Telefonaktiebolaget LM Ericsson - ADR		42,261		456,419
Xiaomi Corp. - ADR ^(a)		49,700		1,123,220
				3,920,788
TOTAL COMMON STOCKS (Cost $71,745,628)				98,625,517

TOTAL INVESTMENTS - 99.5% (Cost $71,745,628)				98,625,517
Other Assets in Excess of Liabilities - 0.5%				522,801
TOTAL NET ASSETS - 100.0%			$	99,148,318

Percentages are stated as a percent of net assets.

ADR - American Depositary Receipt

(a)	Non-income producing security.
(b)	To the extent that the Fund invests more heavily in a particular industries or sectors of the economy, its performance will be especially sensitive to developments that significantly affect those industries or sectors.

Summary of Fair Value Disclosure as of January 31, 2026 (Unaudited)

SP Funds S&P Global Technology ETF (the "Fund") has adopted fair value accounting standards which establish a 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 valuation 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 based on the best information available.

The following is a summary of the fair valuation hierarchy of the Fund’s securities as of January 31, 2026:

	Level 1		Level 2		Level 3		Total
Investments:
Common Stocks	$	98,625,517	$	–	$	–	$	98,625,517
Total Investments	$	98,625,517	$	–	$	–	$	98,625,517

Refer to the Schedule of Investments for further disaggregation of investment categories.

Allocation of Portfolio Holdings by Country as of January 31, 2026
(% of Net Assets)

United States	$	50,822,091	51.2	%
Taiwan		20,197,353	20.4
Japan		9,221,642	9.2
Netherlands		8,120,103	8.2
Germany		3,802,288	3.8
Canada		1,240,548	1.3
China		1,123,220	1.1
Sweden		814,865	0.9
Ireland		775,003	0.8
France		617,523	0.6
Switzerland		511,747	0.6
Finland		503,083	0.5
United Kingdom		479,165	0.5
Australia		224,748	0.2
New Zealand		172,138	0.2
Other Assets in Excess of Liabilities		522,801	0.5
	$	99,148,318	100.0	%