FIS Bright Portfolios Focused Equity ETF
  
Schedule of Investments
  
February 28, 2026 (Unaudited)
  
   
COMMON STOCKS - 94.4%
  
Shares
    
Value
 
Air Freight & Logistics - 0.8%
        
FedEx Corp.
    
2,286
    
$
884,682
  
                 
Automobiles - 1.6%
          
Tesla, Inc. (a)
    
4,634
      
1,865,231
  
                 
Beverages - 2.3%
          
Coca-Cola Consolidated, Inc.
    
12,892
      
2,609,341
  
                 
Biotechnology - 6.6%
          
AbbVie, Inc.
    
12,800
      
2,970,624
  
Amgen, Inc.
    
4,653
      
1,806,108
  
Gilead Sciences, Inc.
    
5,407
      
805,373
  
Vertex Pharmaceuticals, Inc. (a)
    
3,984
      
1,979,371
  
             
7,561,476
  
                 
Capital Markets - 2.7%
          
Moody's Corp.
    
3,271
      
1,562,197
  
S&P Global, Inc.
    
3,344
      
1,477,646
  
             
3,039,843
  
                 
Chemicals - 5.4%
          
DuPont de Nemours, Inc.
    
45,785
      
2,291,081
  
Linde PLC
    
7,649
      
3,886,304
  
             
6,177,385
  
                 
Commercial Services & Supplies - 2.6%
          
Waste Management, Inc.
    
12,339
      
2,971,725
  
                 
Communications Equipment - 7.7%
          
Arista Networks, Inc. (a)
    
25,942
      
3,463,257
  
Cisco Systems, Inc.
    
67,900
      
5,395,334
  
             
8,858,591
  
                 
Consumer Staples Distribution & Retail - 1.4%
          
Costco Wholesale Corp.
    
1,568
      
1,584,919
  
                 
Electric Utilities - 1.5%
          
NRG Energy, Inc.
    
9,321
      
1,668,086
  
                 
Electrical Equipment - 4.5%
          
Eaton Corp. PLC
    
6,912
      
2,598,359
  
GE Vernova, Inc.
    
1,012
      
884,083
  
Vertiv Holdings Co. - Class A
    
6,758
      
1,722,547
  
             
5,204,989
  
                 
Ground Transportation - 2.0%
          
Old Dominion Freight Line, Inc.
    
3,804
      
772,402
  
Uber Technologies, Inc. (a)
    
19,814
      
1,494,372
  
             
2,266,774
  
                 
Health Care Equipment & Supplies - 4.0%
          
Abbott Laboratories
    
20,022
      
2,329,560
  
Stryker Corp.
    
5,705
      
2,210,459
  
             
4,540,019
  
                 
Independent Power and Renewable Electricity Producers - 0.6%
          
Vistra Corp.
    
4,085
      
710,341
  
                 
Insurance - 6.4%
          
Allstate Corp.
    
10,004
      
2,146,058
  
Chubb Ltd.
    
4,907
      
1,672,600
  
Travelers Cos., Inc.
    
5,046
      
1,557,398
  
W R Berkley Corp.
    
27,709
      
1,986,735
  
             
7,362,791
  
                 
IT Services - 1.0%
          
Akamai Technologies, Inc. (a)
    
11,976
      
1,178,318
  
                 
Machinery - 5.4%
          
Caterpillar, Inc.
    
2,501
      
1,857,818
  
Cummins, Inc.
    
4,780
      
2,790,898
  
Illinois Tool Works, Inc.
    
5,117
      
1,487,154
  
             
6,135,870
  
                 
Metals & Mining - 1.5%
          
Nucor Corp.
    
9,493
      
1,679,122
  
                 
Oil, Gas & Consumable Fuels - 2.8%
          
EQT Corp.
    
12,057
      
740,541
  
Exxon Mobil Corp.
    
10,343
      
1,577,308
  
Targa Resources Corp.
    
3,774
      
889,909
  
             
3,207,758
  
                 
Pharmaceuticals - 4.3%
          
Eli Lilly & Co.
    
4,623
      
4,863,350
  
                 
Semiconductors & Semiconductor Equipment - 16.2%
          
Advanced Micro Devices, Inc. (a)
    
5,390
      
1,079,132
  
ASML Holding NV
    
462
      
670,159
  
Broadcom, Inc.
    
18,455
      
5,897,295
  
NVIDIA Corp.
    
48,881
      
8,661,224
  
Qnity Electronics, Inc.
    
17,708
      
2,244,666
  
             
18,552,476
  
                 
Software - 6.9%
          
Adobe, Inc. (a)
    
2,534
      
664,947
  
Crowdstrike Holdings, Inc. - Class A (a)
    
2,784
      
1,035,592
  
Oracle Corp.
    
7,119
      
1,035,103
  
Palo Alto Networks, Inc. (a)
    
29,635
      
4,413,244
  
Salesforce, Inc.
    
3,513
      
684,297
  
             
7,833,183
  
                 
Specialty Retail - 5.0%
          
O'Reilly Automotive, Inc. (a)
    
23,025
      
2,161,587
  
TJX Cos., Inc.
    
21,794
      
3,523,218
  
             
5,684,805
  
                 
Technology Hardware, Storage & Peripherals - 1.2%
          
Dell Technologies, Inc. - Class C
    
9,446
      
1,398,764
  
TOTAL COMMON STOCKS (Cost $89,809,911)
      
107,839,839
  
                 
SHORT-TERM INVESTMENTS

  
MONEY MARKET FUNDS - 5.6%
  
Shares
    
Value
 
First American Treasury Obligations Fund - Class X, 3.60% (b)
    
6,382,837
      
6,382,837
  
TOTAL MONEY MARKET FUNDS (Cost $6,382,837)
      
6,382,837
  
                 
TOTAL INVESTMENTS - 100.0% (Cost $96,192,748)
      
114,222,676
  
Other Assets in Excess of Liabilities - 0.0% (c)
      
19,788
  
TOTAL NET ASSETS - 100.0%
          
$
114,242,464
  
                 
Percentages are stated as a percent of net assets.
          

PLC - Public Limited Company
 
The Global Industry Classification Standard (“GICS®”) was developed by and/or is the exclusive property of MSCI, Inc. (“MSCI”) and Standard & Poor’s Financial Services LLC (“S&P”). GICS® is a service mark of MSCI and S&P and has been licensed for use by U.S. Bank Global Fund Services.

(a)
Non-income producing security.
(b)
The rate shown represents the 7-day annualized yield as of February 28, 2026.
(c)
Represents less than 0.05% of net assets.
FIS Bright Portfolios Focused Equity ETF
Notes to Quarterly Schedule of Investments
February 28, 2026 (Unaudited)

Investment Valuation
The Fund discloses the fair value of their investments in a hierarchy that distinguishes between: (1) market participant assumptions developed based on market data obtained from sources independent of the Fund’s (observable inputs) and (2) the Fund’s own assumptions about market participant assumptions developed based on the best information available under the circumstances (unobservable inputs). The three levels defined by the hierarchy are as follows:

• Level 1 — Quoted prices in active markets for identical assets that the Fund’s have the ability to access.
• Level 2 — Other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.).
• Level 3 — Significant unobservable inputs (including the Fund’s own assumptions in determining the 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.

The following is a summary of the inputs used to value the Fund’s investments as of February 28, 2026:

   
Level 1
    
Level 2
    
Level 3
    
Total
  
Assets
Investments:
                        
  Common Stocks
  
$
107,839,839
    
$
–
    
$
–
    
$
107,839,839
  
  Money Market Funds
    
6,382,837
      
–
      
–
      
6,382,837
  
Total Investments
  
$
114,222,676
    
$
–
    
$
–
    
$
114,222,676
  
   
Refer to the Schedule of Investments for further disaggregation of investment categories.
  


Allocation of Portfolio Holdings by Country as of February 28, 2026
  
(% of Net Assets)
  
United States
  
$
109,281,558
      
95.7
%
Ireland
    
2,598,359
      
2.3
  
Switzerland
    
1,672,600
      
1.5
  
Netherlands
    
670,159
      
0.5
  
Other Assets in Excess of Liabilities
    
19,788
      
0.0
(a) 
   
$
114,242,464
      
100.0
%

(a)
Represents less than 0.05% of net assets.

Sector Classification as of February 28, 2026
  
(% of Net Assets)
  
Information Technology
  
$
37,821,332
      
33.1
%
Industrials
    
17,464,040
      
15.3
  
Health Care
    
16,964,845
      
14.8
  
Financials
    
10,402,634
      
9.1
  
Materials
    
7,856,507
      
6.9
  
Consumer Discretionary
    
7,550,036
      
6.6
  
Consumer Staples
    
4,194,260
      
3.7
  
Energy
    
3,207,758
      
2.8
  
Utilities
    
2,378,427
      
2.1
  
Money Market Funds
    
6,382,837
      
5.6
  
Other Assets in Excess of Liabilities
    
19,788
      
0.0
(a) 
   
$
114,242,464
      
100.0
%

(a)
Represents less than 0.05% of net assets.