ETC 6 Meridian
Hedged Equity-Index Option Strategy ETF
Schedule of Investments
February 28, 2026 (Unaudited)
| Description | Shares | Fair Value | ||||||
| COMMON STOCK — 96.7% | ||||||||
| Communication Services — 16.8% | ||||||||
| Alphabet, Cl A(A) | 40,430 | $ | 12,604,456 | |||||
| AT&T(A) | 780,510 | 21,862,085 | ||||||
| Comcast, Cl A | 462,269 | 14,311,848 | ||||||
| Meta Platforms, Cl A(A) | 9,710 | 6,293,828 | ||||||
| T-Mobile US | 35,223 | 7,646,561 | ||||||
| Verizon Communications(A) | 466,339 | 23,382,238 | ||||||
| Walt Disney | 63,776 | 6,762,807 | ||||||
| 92,863,823 | ||||||||
| Consumer Discretionary — 4.8% | ||||||||
| Amazon.com(A)* | 28,231 | 5,928,510 | ||||||
| General Motors | 165,425 | 13,020,602 | ||||||
| McDonald's | 21,723 | 7,408,846 | ||||||
| 26,357,958 | ||||||||
| Consumer Staples — 22.9% | ||||||||
| Altria Group(A) | 447,113 | 30,868,682 | ||||||
| Coca-Cola(A) | 92,158 | 7,516,406 | ||||||
| Colgate-Palmolive | 151,632 | 15,032,796 | ||||||
| Costco Wholesale(A) | 7,220 | 7,297,904 | ||||||
| Mondelez International, Cl A | 234,573 | 14,445,005 | ||||||
| PepsiCo(A) | 133,394 | 22,642,298 | ||||||
| Philip Morris International(A) | 77,556 | 14,489,787 | ||||||
| Procter & Gamble | 45,118 | 7,543,730 | ||||||
| Walmart(A) | 56,459 | 7,223,929 | ||||||
| 127,060,537 | ||||||||
| Financials — 6.0% | ||||||||
| American Express | 19,614 | 6,058,765 | ||||||
| American International Group | 92,382 | 7,435,827 | ||||||
| Bank of New York Mellon | 57,071 | 6,797,156 | ||||||
| US Bancorp(A) | 241,309 | 13,189,950 | ||||||
| 33,481,698 | ||||||||
| Health Care — 18.6% | ||||||||
| Abbott Laboratories | 62,531 | 7,275,482 | ||||||
| Bristol-Myers Squibb | 248,194 | 15,479,860 | ||||||
| CVS Health | 184,645 | 14,753,136 | ||||||
| Eli Lilly | 13,117 | 13,798,953 | ||||||
| Gilead Sciences(A) | 48,477 | 7,220,649 | ||||||
| Johnson & Johnson(A) | 60,286 | 14,976,851 | ||||||
| Merck(A) | 122,723 | 15,195,562 | ||||||
| Pfizer | 520,138 | 14,381,815 | ||||||
| 103,082,308 | ||||||||
| Industrials — 6.5% | ||||||||
| Caterpillar | 10,154 | 7,542,696 | ||||||
| General Dynamics | 19,898 | 7,104,581 | ||||||
| General Electric | 22,547 | 7,716,936 | ||||||
| RTX | 34,680 | 7,026,862 | ||||||
| Uber Technologies* | 84,955 | 6,407,306 | ||||||
| 35,798,381 | ||||||||
| Information Technology — 11.6% | ||||||||
| Apple(A) | 26,110 | 6,897,740 | ||||||
| Broadcom | 20,828 | 6,655,587 | ||||||
| Cisco Systems | 85,109 | 6,762,761 | ||||||
| Intuit | 13,859 | 5,668,747 | ||||||
| NVIDIA(A) | 72,975 | 12,930,440 | ||||||
| Description | Shares | Fair Value | ||||||
| Information Technology — continued | ||||||||
| Palantir Technologies, Cl A(A)* | 91,762 | $ | 12,588,829 | |||||
| Qualcomm(A) | 89,846 | 12,790,477 | ||||||
| 64,294,581 | ||||||||
| Real Estate — 4.0% | ||||||||
| American Tower, Cl A‡ | 78,016 | 14,968,150 | ||||||
| Simon Property Group‡(A) | 35,898 | 7,317,807 | ||||||
| 22,285,957 | ||||||||
| Utilities — 5.5% | ||||||||
| Duke Energy(A) | 114,758 | 15,016,084 | ||||||
| Southern(A) | 156,059 | 15,197,026 | ||||||
| 30,213,110 | ||||||||
| Total Common Stock | ||||||||
| (Cost $482,537,626) | 535,438,353 | |||||||
| EXCHANGE-TRADED FUND — 1.9% | ||||||||
| Domestic Fixed Income — 1.9% | ||||||||
| State Street SPDR Bloomberg 1-3 Month T-Bill ETF | 115,514 | 10,583,393 | ||||||
| Total Exchange-Traded Fund | ||||||||
| (Cost $10,566,500) | 10,583,393 | |||||||
| SHORT-TERM INVESTMENT — 1.8% | ||||||||
| Invesco Government & Agency Portfolio, Institutional Class, 3.59%(B) | 10,080,767 | 10,080,767 | ||||||
| Total Short-Term Investment | ||||||||
| (Cost $10,080,767) | 10,080,767 | |||||||
| Total Investments - 100.4% | ||||||||
| (Cost $503,184,893) | $ | 556,102,513 | ||||||
| WRITTEN OPTION — -0.5% | ||||||||
| Total Written Option | ||||||||
| (Premiums Received $7,280,644) | $ | (2,550,275 | ) | |||||
ETC 6 Meridian
Hedged Equity-Index Option Strategy ETF
Schedule of Investments
February 28, 2026 (Unaudited) (Concluded)
A list of the Exchange Traded Option Contracts held by the Fund at February 28, 2026, is as follows:
| Description | Number of Contracts | Notional Amount | Exercise Price | Expiration Date | Value | |||||||||||||
| WRITTEN OPTION — -0.5% | ||||||||||||||||||
| Call Options | ||||||||||||||||||
| S&P 500 Index* | (767) | $ | 538,434,000 | $ | 7,020 | 03/20/26 | $ | (2,550,275 | ) | |||||||||
| TOTAL WRITTEN OPTION | ||||||||||||||||||
| (Premiums Received $7,280,644) | $ | (2,550,275 | ) | |||||||||||||||
Percentages are based on Net Assets of $553,685,122.
| * | Non-income producing security. |
| ‡ | Real Estate Investment Trust. |
| (A) | All or a portion of these securities has been pledged as collateral on written options with a fair value of $112,954,419. |
| (B) | The rate shown is the 7-day effective yield as of February 28, 2026. |
| Cl — Class |
| ETF — Exchange-Traded Fund |
| S&P— Standard & Poor's |
| SPDR — Standard & Poor's Depositary Receipts |
MER-QH-001-1200
ETC 6 Meridian
Low Beta Equity Strategy ETF
Schedule of Investments
February 28, 2026 (Unaudited)
| Description | Shares | Fair Value | ||||||
| COMMON STOCK — 99.5% | ||||||||
| Communication Services — 2.8% | ||||||||
| AT&T | 26,243 | $ | 735,067 | |||||
| Electronic Arts | 4,611 | 924,828 | ||||||
| Madison Square Garden Sports* | 3,967 | 1,315,695 | ||||||
| New York Times, Cl A | 13,165 | 1,050,435 | ||||||
| T-Mobile US | 3,074 | 667,335 | ||||||
| Verizon Communications | 17,495 | 877,199 | ||||||
| 5,570,559 | ||||||||
| Consumer Discretionary — 4.6% | ||||||||
| AutoZone* | 190 | 713,560 | ||||||
| Grand Canyon Education* | 4,945 | 786,601 | ||||||
| H&R Block | 15,189 | 465,087 | ||||||
| McDonald's | 2,472 | 843,100 | ||||||
| Monarch Casino & Resort | 7,627 | 732,955 | ||||||
| Murphy USA | 2,009 | 784,997 | ||||||
| O'Reilly Automotive* | 7,412 | 695,838 | ||||||
| Planet Fitness, Cl A* | 7,435 | 610,785 | ||||||
| Service Corp International | 9,982 | 840,285 | ||||||
| Strategic Education | 9,474 | 779,521 | ||||||
| Stride* | 4,831 | 407,640 | ||||||
| Sturm Ruger | 21,953 | 821,920 | ||||||
| Wendy's | 75,168 | 575,787 | ||||||
| 9,058,076 | ||||||||
| Consumer Staples — 19.5% | ||||||||
| Albertsons, Cl A | 40,740 | 729,246 | ||||||
| Altria Group | 11,667 | 805,490 | ||||||
| Archer-Daniels-Midland | 12,339 | 851,885 | ||||||
| BJ's Wholesale Club Holdings* | 8,010 | 791,308 | ||||||
| Boston Beer, Cl A* | 3,421 | 775,814 | ||||||
| Cal-Maine Foods | 6,827 | 594,700 | ||||||
| Casey's General Stores | 1,540 | 1,055,808 | ||||||
| Chefs' Warehouse* | 12,140 | 866,675 | ||||||
| Church & Dwight | 8,107 | 850,100 | ||||||
| Clorox | 6,115 | 777,583 | ||||||
| Coca-Cola | 11,431 | 932,312 | ||||||
| Coca-Cola Consolidated | 6,432 | 1,301,837 | ||||||
| Colgate-Palmolive | 9,123 | 904,454 | ||||||
| Dollar General | 7,107 | 1,110,398 | ||||||
| Energizer Holdings | 26,989 | 582,693 | ||||||
| Flowers Foods | 52,431 | 518,018 | ||||||
| Fresh Del Monte Produce | 21,632 | 928,662 | ||||||
| Hershey | 4,192 | 990,486 | ||||||
| Hormel Foods | 30,262 | 774,707 | ||||||
| Ingredion | 6,047 | 710,281 | ||||||
| J & J Snack Foods | 7,126 | 620,390 | ||||||
| John B Sanfilippo & Son | 12,076 | 997,598 | ||||||
| Kenvue | 41,701 | 797,323 | ||||||
| Keurig Dr Pepper | 27,106 | 820,770 | ||||||
| Kimberly-Clark | 5,983 | 666,746 | ||||||
| Kraft Heinz | 28,455 | 700,278 | ||||||
| Kroger | 11,460 | 782,030 | ||||||
| Maplebear* | 17,145 | 643,109 | ||||||
| Marzetti | 4,216 | 692,857 | ||||||
| McCormick | 10,953 | 778,101 | ||||||
| Description | Shares | Fair Value | ||||||
| Consumer Staples — continued | ||||||||
| Molson Coors Beverage, Cl B | 15,413 | $ | 755,083 | |||||
| Mondelez International, Cl A | 12,580 | 774,676 | ||||||
| Monster Beverage* | 12,437 | 1,060,876 | ||||||
| National Beverage* | 19,410 | 705,554 | ||||||
| PepsiCo | 5,306 | 900,640 | ||||||
| Philip Morris International | 4,812 | 899,026 | ||||||
| Pilgrim's Pride | 17,532 | 756,681 | ||||||
| Post Holdings* | 7,175 | 762,702 | ||||||
| PriceSmart | 7,061 | 1,091,772 | ||||||
| Procter & Gamble | 4,853 | 811,422 | ||||||
| Reynolds Consumer Products | 34,650 | 859,666 | ||||||
| Simply Good Foods* | 27,296 | 465,670 | ||||||
| Sprouts Farmers Market* | 5,598 | 413,524 | ||||||
| Sysco | 9,423 | 859,001 | ||||||
| Tootsie Roll Industries | 19,025 | 803,426 | ||||||
| Tyson Foods, Cl A | 13,820 | 898,162 | ||||||
| Universal | 13,991 | 751,736 | ||||||
| WD-40 | 3,565 | 849,183 | ||||||
| 38,770,459 | ||||||||
| Energy — 2.1% | ||||||||
| Antero Midstream | 42,548 | 956,479 | ||||||
| CNX Resources* | 26,280 | 1,097,979 | ||||||
| Dorian LPG | 24,975 | 923,825 | ||||||
| International Seaways | 16,598 | 1,253,647 | ||||||
| 4,231,930 | ||||||||
| Financials — 12.6% | ||||||||
| American Financial Group | 5,606 | 745,486 | ||||||
| AMERISAFE | 16,928 | 550,668 | ||||||
| Assured Guaranty | 9,448 | 814,512 | ||||||
| Cboe Global Markets | 3,343 | 1,001,964 | ||||||
| Chubb | 2,806 | 956,453 | ||||||
| CME Group, Cl A | 2,969 | 948,596 | ||||||
| Employers Holdings | 18,239 | 754,183 | ||||||
| Enact Holdings | 20,131 | 842,281 | ||||||
| Essent Group | 12,162 | 739,936 | ||||||
| EZCORP, Cl A* | 46,415 | 1,231,390 | ||||||
| F&G Annuities & Life | 772 | 17,486 | ||||||
| Fidelity National Financial | 12,824 | 678,133 | ||||||
| FirstCash Holdings | 5,279 | 1,017,738 | ||||||
| Franklin BSP Realty Trust‡ | 66,531 | 607,428 | ||||||
| HA Sustainable Infrastructure Capital | 27,543 | 1,005,870 | ||||||
| Hanover Insurance Group | 4,376 | 790,437 | ||||||
| HCI Group | 4,557 | 803,946 | ||||||
| Horace Mann Educators | 16,780 | 730,098 | ||||||
| MarketAxess Holdings | 4,145 | 795,840 | ||||||
| Marsh & McLennan | 3,818 | 712,973 | ||||||
| NMI Holdings, Cl A* | 19,425 | 763,597 | ||||||
| Old Republic International | 19,198 | 823,018 | ||||||
| Palomar Holdings* | 6,304 | 779,868 | ||||||
| RenaissanceRe Holdings | 3,227 | 976,039 | ||||||
| RLI | 11,579 | 721,603 | ||||||
| Ryan Specialty Holdings, Cl A | 14,275 | 561,721 | ||||||
| Safety Insurance Group | 10,699 | 830,563 | ||||||
| Selective Insurance Group | 9,731 | 817,793 | ||||||
| SiriusPoint* | 41,371 | 874,583 | ||||||
ETC 6 Meridian
Low Beta Equity Strategy ETF
Schedule of Investments
February 28, 2026 (Unaudited) (Continued)
| Description | Shares | Fair Value | ||||||
| Financials — continued | ||||||||
| Starwood Property Trust‡ | 37,694 | $ | 671,330 | |||||
| Willis Towers Watson | 2,363 | 721,117 | ||||||
| WR Berkley | 10,794 | 773,930 | ||||||
| 25,060,580 | ||||||||
| Health Care — 14.0% | ||||||||
| Abbott Laboratories | 5,841 | 679,600 | ||||||
| Addus HomeCare* | 6,858 | 710,009 | ||||||
| ANI Pharmaceuticals* | 8,146 | 601,990 | ||||||
| BioMarin Pharmaceutical* | 13,446 | 830,021 | ||||||
| Bristol-Myers Squibb | 16,477 | 1,027,671 | ||||||
| Cencora, Cl A | 2,656 | 988,404 | ||||||
| Chemed | 1,670 | 684,717 | ||||||
| Cigna Group | 2,548 | 738,461 | ||||||
| Collegium Pharmaceutical* | 20,267 | 844,526 | ||||||
| Encompass Health | 6,188 | 667,561 | ||||||
| Ensign Group | 4,464 | 956,055 | ||||||
| Exelixis* | 20,502 | 903,318 | ||||||
| Gilead Sciences | 6,753 | 1,005,859 | ||||||
| Halozyme Therapeutics* | 10,366 | 720,748 | ||||||
| Harmony Biosciences Holdings* | 21,576 | 615,779 | ||||||
| HCA Healthcare | 1,847 | 978,356 | ||||||
| HealthStream | 27,593 | 585,800 | ||||||
| Hologic* | 11,636 | 876,889 | ||||||
| Innoviva* | 37,915 | 870,528 | ||||||
| Johnson & Johnson | 4,356 | 1,082,161 | ||||||
| Lantheus Holdings* | 14,185 | 1,062,598 | ||||||
| McKesson | 1,134 | 1,119,678 | ||||||
| Option Care Health* | 26,696 | 866,552 | ||||||
| Pacira BioSciences* | 29,355 | 643,168 | ||||||
| Penumbra* | 2,764 | 951,894 | ||||||
| Prestige Consumer Healthcare* | 11,938 | 827,303 | ||||||
| Progyny* | 34,433 | 609,120 | ||||||
| Protagonist Therapeutics* | 12,833 | 1,181,663 | ||||||
| Quest Diagnostics | 4,232 | 896,803 | ||||||
| Supernus Pharmaceuticals* | 16,884 | 924,061 | ||||||
| TG Therapeutics* | 24,111 | 725,500 | ||||||
| United Therapeutics* | 1,943 | 979,078 | ||||||
| Zimmer Biomet Holdings | 7,347 | 723,239 | ||||||
| 27,879,110 | ||||||||
| Industrials — 8.1% | ||||||||
| CACI International, Cl A* | 1,637 | 998,848 | ||||||
| Casella Waste Systems, Cl A* | 11,675 | 1,087,643 | ||||||
| CSG Systems International | 11,984 | 957,522 | ||||||
| Dycom Industries* | 3,130 | 1,314,662 | ||||||
| FTI Consulting* | 4,608 | 757,648 | ||||||
| Genpact | 17,300 | 687,156 | ||||||
| L3Harris Technologies | 2,852 | 1,039,668 | ||||||
| Liquidity Services* | 29,005 | 916,848 | ||||||
| Lockheed Martin | 1,676 | 1,102,942 | ||||||
| MAXIMUS | 8,803 | 665,595 | ||||||
| Northrop Grumman | 1,341 | 971,394 | ||||||
| RB Global | 6,753 | 681,783 | ||||||
| Republic Services, Cl A | 3,385 | 775,165 | ||||||
| Rollins | 13,740 | 836,628 | ||||||
| Description | Shares | Fair Value | ||||||
| Industrials — continued | ||||||||
| Science Applications International | 7,405 | $ | 683,185 | |||||
| Tetra Tech | 21,514 | 771,062 | ||||||
| Verisk Analytics, Cl A | 2,874 | 596,556 | ||||||
| Verra Mobility, Cl A* | 31,234 | 521,920 | ||||||
| Waste Management | 3,532 | 850,647 | ||||||
| 16,216,872 | ||||||||
| Information Technology — 1.8% | ||||||||
| Box, Cl A* | 23,699 | 558,111 | ||||||
| Guidewire Software* | 2,984 | 433,635 | ||||||
| InterDigital | 2,701 | 989,998 | ||||||
| Jack Henry & Associates | 4,791 | 778,346 | ||||||
| Progress Software* | 17,829 | 746,678 | ||||||
| 3,506,768 | ||||||||
| Materials — 3.3% | ||||||||
| AptarGroup | 5,607 | 805,782 | ||||||
| Balchem | 4,824 | 875,218 | ||||||
| CF Industries Holdings | 9,196 | 915,370 | ||||||
| Crown Holdings | 8,239 | 944,189 | ||||||
| Graphic Packaging Holding | 36,065 | 441,075 | ||||||
| NewMarket | 960 | 600,970 | ||||||
| Royal Gold | 4,206 | 1,260,917 | ||||||
| Sensient Technologies | 6,882 | 698,729 | ||||||
| 6,542,250 | ||||||||
| Real Estate — 10.9% | ||||||||
| Alexander & Baldwin‡ | 39,944 | 830,436 | ||||||
| American Homes 4 Rent, Cl A‡ | 22,285 | 668,550 | ||||||
| American Tower, Cl A‡ | 3,918 | 751,707 | ||||||
| Centerspace‡ | 12,839 | 807,573 | ||||||
| COPT Defense Properties‡ | 25,325 | 804,829 | ||||||
| CubeSmart‡ | 18,605 | 765,410 | ||||||
| Elme Communities‡ | 45,091 | 96,946 | ||||||
| EPR Properties‡ | 14,582 | 866,317 | ||||||
| Equity LifeStyle Properties‡ | 12,584 | 845,141 | ||||||
| Essential Properties Realty Trust‡ | 25,211 | 855,661 | ||||||
| Four Corners Property Trust‡ | 29,743 | 759,041 | ||||||
| Gaming and Leisure Properties‡ | 16,037 | 784,370 | ||||||
| Getty Realty‡ | 26,899 | 882,825 | ||||||
| Global Net Lease‡ | 96,690 | 910,820 | ||||||
| Healthcare Realty Trust, Cl A‡ | 42,997 | 793,295 | ||||||
| LTC Properties‡ | 21,205 | 841,414 | ||||||
| National Storage Affiliates Trust‡ | 23,316 | 816,526 | ||||||
| NNN REIT‡ | 17,911 | 811,727 | ||||||
| Omega Healthcare Investors‡ | 18,001 | 868,908 | ||||||
| Rayonier‡ | 30,473 | 654,865 | ||||||
| Sabra Health Care REIT‡ | 40,802 | 838,481 | ||||||
| Saul Centers‡ | 23,316 | 794,609 | ||||||
| SITE Centers‡ | 83,133 | 512,099 | ||||||
| Universal Health Realty Income Trust‡ | 18,775 | 818,966 | ||||||
| Veris Residential‡ | 47,839 | 901,765 | ||||||
| VICI Properties, Cl A‡ | 23,115 | 698,304 | ||||||
| Whitestone REIT, Cl B‡ | 58,910 | 894,843 | ||||||
ETC 6 Meridian
Low Beta Equity Strategy ETF
Schedule of Investments
February 28, 2026 (Unaudited) (Concluded)
| Description | Shares | Fair Value | ||||||
| Real Estate — continued | ||||||||
| WP Carey‡ | 11,403 | $ | 851,234 | |||||
| 21,726,662 | ||||||||
| Utilities — 19.8% | ||||||||
| Alliant Energy | 12,021 | 869,599 | ||||||
| Ameren | 7,718 | 874,295 | ||||||
| American Electric Power | 7,187 | 961,764 | ||||||
| American States Water | 10,405 | 775,485 | ||||||
| American Water Works | 5,413 | 736,330 | ||||||
| Atmos Energy | 4,665 | 871,375 | ||||||
| Avista | 21,064 | 855,620 | ||||||
| Black Hills | 13,013 | 958,537 | ||||||
| California Water Service Group | 16,488 | 743,279 | ||||||
| CenterPoint Energy | 20,553 | 894,055 | ||||||
| Chesapeake Utilities | 6,188 | 841,382 | ||||||
| Clearway Energy, Cl C | 27,456 | 1,051,839 | ||||||
| CMS Energy | 10,853 | 847,294 | ||||||
| Consolidated Edison | 7,921 | 891,271 | ||||||
| DTE Energy | 5,686 | 842,893 | ||||||
| Duke Energy | 6,438 | 842,412 | ||||||
| Entergy | 8,848 | 947,709 | ||||||
| Essential Utilities | 19,732 | 788,688 | ||||||
| Evergy | 10,851 | 907,795 | ||||||
| Eversource Energy | 12,227 | 931,820 | ||||||
| Exelon | 17,884 | 884,722 | ||||||
| FirstEnergy | 17,863 | 913,871 | ||||||
| H2O America | 15,388 | 827,721 | ||||||
| IDACORP, Cl Rights | 6,199 | 892,470 | ||||||
| MDU Resources Group | 47,992 | 992,475 | ||||||
| MGE Energy | 9,165 | 751,713 | ||||||
| Middlesex Water | 14,335 | 774,090 | ||||||
| National Fuel Gas | 8,974 | 816,903 | ||||||
| New Jersey Resources | 16,503 | 895,123 | ||||||
| NextEra Energy | 10,954 | 1,027,157 | ||||||
| Northwest Natural Holding | 18,559 | 984,369 | ||||||
| OGE Energy | 17,589 | 864,323 | ||||||
| ONE Gas | 10,223 | 893,899 | ||||||
| Ormat Technologies | 8,526 | 884,146 | ||||||
| Otter Tail | 9,257 | 787,771 | ||||||
| Pinnacle West Capital | 8,727 | 875,318 | ||||||
| Portland General Electric | 18,138 | 978,727 | ||||||
| PPL | 21,594 | 841,734 | ||||||
| Southern | 8,460 | 823,835 | ||||||
| Southwest Gas Holdings | 9,879 | 871,032 | ||||||
| Spire | 10,279 | 941,659 | ||||||
| UGI | 22,465 | 840,416 | ||||||
| Unitil | 16,795 | 878,546 | ||||||
| WEC Energy Group | 7,209 | 843,165 | ||||||
| Xcel Energy | 10,684 | 890,618 | ||||||
| 39,409,245 | ||||||||
| Total Common Stock | ||||||||
| (Cost $178,087,244) | 197,972,511 | |||||||
| Description | Shares | Fair Value | ||||||
| SHORT-TERM INVESTMENT — 0.5% | ||||||||
| Invesco Government & Agency Portfolio, Institutional Class, 3.59%(A) | 1,008,133 | $ | 1,008,133 | |||||
| Total Short-Term Investment | ||||||||
| (Cost $1,008,133) | 1,008,133 | |||||||
| Total Investments - 100.0% | ||||||||
| (Cost $179,095,377) | $ | 198,980,644 | ||||||
Percentages are based on Net Assets of $198,937,904.
| * | Non-income producing security. |
| ‡ | Real Estate Investment Trust. |
| (A) | The rate shown is the 7-day effective yield as of February 28, 2026. |
| Cl — Class |
| REIT — Real Estate Investment Trust |
MER-QH-001-1200
ETC 6 Meridian
Mega Cap Equity ETF
Schedule of Investments
February 28, 2026 (Unaudited)
| Description | Shares | Fair Value | ||||||
| COMMON STOCK — 99.8% | ||||||||
| Communication Services — 17.3% | ||||||||
| Alphabet, Cl A | 34,930 | $ | 10,889,777 | |||||
| AT&T | 674,553 | 18,894,230 | ||||||
| Comcast, Cl A | 398,844 | 12,348,210 | ||||||
| Meta Platforms, Cl A | 8,386 | 5,435,637 | ||||||
| T-Mobile US | 30,411 | 6,601,924 | ||||||
| Verizon Communications | 403,041 | 20,208,476 | ||||||
| Walt Disney | 54,946 | 5,826,474 | ||||||
| 80,204,728 | ||||||||
| Consumer Discretionary — 4.9% | ||||||||
| Amazon.com* | 24,376 | 5,118,960 | ||||||
| General Motors | 142,928 | 11,249,863 | ||||||
| McDonald's | 18,785 | 6,406,812 | ||||||
| 22,775,635 | ||||||||
| Consumer Staples — 23.7% | ||||||||
| Altria Group | 386,266 | 26,667,805 | ||||||
| Coca-Cola | 79,666 | 6,497,559 | ||||||
| Colgate-Palmolive | 131,198 | 13,006,970 | ||||||
| Costco Wholesale | 6,239 | 6,306,319 | ||||||
| Mondelez International, Cl A | 202,694 | 12,481,897 | ||||||
| PepsiCo | 115,220 | 19,557,443 | ||||||
| Philip Morris International | 67,074 | 12,531,435 | ||||||
| Procter & Gamble | 38,978 | 6,517,121 | ||||||
| Walmart | 48,746 | 6,237,050 | ||||||
| 109,803,599 | ||||||||
| Financials — 6.2% | ||||||||
| American Express | 16,919 | 5,226,279 | ||||||
| American International Group | 79,833 | 6,425,758 | ||||||
| Bank of New York Mellon | 49,348 | 5,877,347 | ||||||
| US Bancorp | 208,437 | 11,393,166 | ||||||
| 28,922,550 | ||||||||
| Health Care — 19.2% | ||||||||
| Abbott Laboratories | 54,019 | 6,285,111 | ||||||
| Bristol-Myers Squibb | 214,591 | 13,384,040 | ||||||
| CVS Health | 159,745 | 12,763,625 | ||||||
| Eli Lilly | 11,328 | 11,916,943 | ||||||
| Gilead Sciences | 41,819 | 6,228,940 | ||||||
| Johnson & Johnson | 52,107 | 12,944,942 | ||||||
| Merck | 105,968 | 13,120,958 | ||||||
| Pfizer | 449,537 | 12,429,698 | ||||||
| 89,074,257 | ||||||||
| Industrials — 6.7% | ||||||||
| Caterpillar | 8,754 | 6,502,734 | ||||||
| General Dynamics | 17,167 | 6,129,478 | ||||||
| General Electric | 19,485 | 6,668,936 | ||||||
| RTX | 29,936 | 6,065,632 | ||||||
| Uber Technologies* | 73,381 | 5,534,395 | ||||||
| 30,901,175 | ||||||||
| Information Technology — 12.0% | ||||||||
| Apple | 22,538 | 5,954,089 | ||||||
| Broadcom | 18,000 | 5,751,900 | ||||||
| Cisco Systems | 73,731 | 5,858,665 | ||||||
| Intuit | 11,955 | 4,889,954 | ||||||
| NVIDIA | 63,070 | 11,175,373 | ||||||
| Description | Shares | Fair Value | ||||||
| Information Technology — continued | ||||||||
| Palantir Technologies, Cl A* | 79,115 | $ | 10,853,787 | |||||
| Qualcomm | 77,705 | 11,062,084 | ||||||
| 55,545,852 | ||||||||
| Real Estate — 4.2% | ||||||||
| American Tower, Cl A‡ | 67,442 | 12,939,422 | ||||||
| Simon Property Group‡ | 31,013 | 6,322,000 | ||||||
| 19,261,422 | ||||||||
| Utilities — 5.6% | ||||||||
| Duke Energy | 99,157 | 12,974,694 | ||||||
| Southern | 134,895 | 13,136,075 | ||||||
| 26,110,769 | ||||||||
| Total Common Stock | ||||||||
| (Cost $419,215,052) | 462,599,987 | |||||||
| SHORT-TERM INVESTMENT — 0.2% | ||||||||
| Invesco Government & Agency Portfolio, Institutional Class, 3.59%(A) | 805,497 | 805,497 | ||||||
| Total Short-Term Investment | ||||||||
| (Cost $805,497) | 805,497 | |||||||
| Total Investments - 100.0% | ||||||||
| (Cost $420,020,549) | $ | 463,405,484 | ||||||
Percentages are based on Net Assets of $463,538,168.
| * | Non-income producing security. |
| ‡ | Real Estate Investment Trust. |
| (A) | The rate shown is the 7-day effective yield as of February 28, 2026. |
| Cl — Class |
MER-QH-001-1200
ETC 6 Meridian
Small Cap Equity ETF
Schedule of Investments
February 28, 2026 (Unaudited)
| Description | Shares | Fair Value | ||||||
| COMMON STOCK — 99.2% | ||||||||
| Communication Services — 2.5% | ||||||||
| Madison Square Garden Sports* | 6,648 | $ | 2,204,876 | |||||
| Yelp, Cl A* | 41,123 | 916,631 | ||||||
| 3,121,507 | ||||||||
| Consumer Discretionary — 10.7% | ||||||||
| Asbury Automotive Group* | 5,032 | 1,075,741 | ||||||
| G-III Apparel Group | 47,184 | 1,443,359 | ||||||
| Green Brick Partners* | 18,109 | 1,333,909 | ||||||
| Leggett & Platt | 133,171 | 1,555,437 | ||||||
| M* | 8,478 | 1,205,233 | ||||||
| Perdoceo Education | 39,667 | 1,322,895 | ||||||
| Sally Beauty Holdings* | 92,265 | 1,482,698 | ||||||
| Stride* | 8,038 | 678,246 | ||||||
| Sturm Ruger | 37,342 | 1,398,084 | ||||||
| Tri Pointe Homes* | 35,904 | 1,662,355 | ||||||
| 13,157,957 | ||||||||
| Consumer Staples — 12.7% | ||||||||
| Cal-Maine Foods | 23,163 | 2,017,729 | ||||||
| Central Garden & Pet, Cl A* | 34,708 | 1,360,207 | ||||||
| Fresh Del Monte Produce | 36,509 | 1,567,331 | ||||||
| J & J Snack Foods | 12,043 | 1,048,464 | ||||||
| John B Sanfilippo & Son | 20,492 | 1,692,844 | ||||||
| National Beverage* | 31,557 | 1,147,097 | ||||||
| PriceSmart | 11,894 | 1,839,050 | ||||||
| Tootsie Roll Industries | 32,253 | 1,362,057 | ||||||
| Universal | 23,731 | 1,275,067 | ||||||
| USANA Health Sciences* | 41,057 | 883,547 | ||||||
| WD-40 | 6,017 | 1,433,249 | ||||||
| 15,626,642 | ||||||||
| Energy — 4.3% | ||||||||
| International Seaways | 56,912 | 4,298,564 | ||||||
| SM Energy | 46,239 | 1,069,508 | ||||||
| 5,368,072 | ||||||||
| Financials — 21.7% | ||||||||
| AMERISAFE | 27,605 | 897,991 | ||||||
| Artisan Partners Asset Management, Cl A | 27,759 | 1,118,132 | ||||||
| Bread Financial Holdings | 19,460 | 1,378,936 | ||||||
| Employers Holdings | 30,087 | 1,244,097 | ||||||
| Enact Holdings | 68,219 | 2,854,283 | ||||||
| Enova International* | 10,566 | 1,469,202 | ||||||
| EZCORP, Cl A* | 155,015 | 4,112,548 | ||||||
| HCI Group | 15,023 | 2,650,358 | ||||||
| Horace Mann Educators | 45,232 | 1,968,044 | ||||||
| Lincoln National | 30,163 | 1,034,591 | ||||||
| MarketAxess Holdings | 8,679 | 1,666,368 | ||||||
| NMI Holdings, Cl A* | 32,511 | 1,278,007 | ||||||
| PROG Holdings | 36,765 | 1,294,496 | ||||||
| Safety Insurance Group | 17,842 | 1,385,075 | ||||||
| SiriusPoint* | 69,165 | 1,462,148 | ||||||
| World Acceptance* | 7,415 | 1,000,135 | ||||||
| 26,814,411 | ||||||||
| Description | Shares | Fair Value | ||||||
| Health Care — 12.0% | ||||||||
| AdaptHealth, Cl A* | 141,557 | $ | 1,295,246 | |||||
| Addus HomeCare* | 11,656 | 1,206,746 | ||||||
| Alkermes* | 45,080 | 1,356,908 | ||||||
| Catalyst Pharmaceuticals* | 65,844 | 1,519,679 | ||||||
| Embecta | 90,021 | 923,616 | ||||||
| Harmony Biosciences Holdings* | 35,913 | 1,024,957 | ||||||
| Innoviva* | 125,229 | 2,875,258 | ||||||
| Pacira BioSciences* | 48,799 | 1,069,186 | ||||||
| Pediatrix Medical Group* | 76,646 | 1,521,423 | ||||||
| Protagonist Therapeutics* | 21,873 | 2,014,066 | ||||||
| 14,807,085 | ||||||||
| Industrials — 6.2% | ||||||||
| DNOW* | 81,474 | 959,764 | ||||||
| Greenbrier | 27,724 | 1,564,188 | ||||||
| Korn Ferry | 17,692 | 1,108,758 | ||||||
| Matson | 12,488 | 2,074,631 | ||||||
| Sun Country Airlines Holdings* | 100,597 | 1,979,749 | ||||||
| 7,687,090 | ||||||||
| Information Technology — 7.4% | ||||||||
| Box, Cl A* | 39,838 | 938,185 | ||||||
| DXC Technology* | 89,957 | 1,132,559 | ||||||
| Harmonic* | 131,427 | 1,397,069 | ||||||
| NetScout Systems* | 52,042 | 1,520,147 | ||||||
| Photronics* | 58,671 | 2,196,055 | ||||||
| Teradata* | 63,501 | 1,999,646 | ||||||
| 9,183,661 | ||||||||
| Materials — 1.9% | ||||||||
| SunCoke Energy | 171,406 | 977,014 | ||||||
| Sylvamo | 29,189 | 1,351,451 | ||||||
| 2,328,465 | ||||||||
| Real Estate — 8.2% | ||||||||
| Alexander & Baldwin‡ | 68,113 | 1,416,069 | ||||||
| Elme Communities‡ | 76,108 | 163,632 | ||||||
| Essential Properties Realty Trust‡ | 42,412 | 1,439,464 | ||||||
| Four Corners Property Trust‡ | 50,121 | 1,279,088 | ||||||
| Getty Realty‡ | 45,536 | 1,494,492 | ||||||
| LTC Properties‡ | 35,824 | 1,421,496 | ||||||
| Universal Health Realty Income Trust‡ | 31,834 | 1,388,599 | ||||||
| Whitestone REIT, Cl B‡ | 99,829 | 1,516,402 | ||||||
| 10,119,242 | ||||||||
| Utilities — 11.6% | ||||||||
| American States Water | 17,568 | 1,309,343 | ||||||
| Avista | 35,611 | 1,446,519 | ||||||
| California Water Service Group | 27,920 | 1,258,634 | ||||||
| Chesapeake Utilities | 10,475 | 1,424,286 | ||||||
| Clearway Energy, Cl C | 46,058 | 1,764,482 | ||||||
| H2O America | 26,102 | 1,404,026 | ||||||
| MGE Energy | 15,297 | 1,254,660 | ||||||
| Middlesex Water | 24,495 | 1,322,730 | ||||||
| Northwest Natural Holding | 31,374 | 1,664,077 | ||||||
ETC 6 Meridian
Small Cap Equity ETF
Schedule of Investments
February 28, 2026 (Unaudited) (Concluded)
| Description | Shares | Fair Value | ||||||
| Utilities — continued | ||||||||
| Unitil | 28,457 | $ | 1,488,585 | |||||
| 14,337,342 | ||||||||
| Total Common Stock | ||||||||
| (Cost $109,627,930) | 122,551,474 | |||||||
| SHORT-TERM INVESTMENT — 0.8% | ||||||||
| Invesco Government & Agency Portfolio, Institutional Class, 3.59%(A) | 975,330 | 975,330 | ||||||
| Total Short-Term Investment | ||||||||
| (Cost $975,330) | 975,330 | |||||||
| Total Investments - 100.0% | ||||||||
| (Cost $110,603,260) | $ | 123,526,804 | ||||||
Percentages are based on Net Assets of $123,535,910.
| * | Non-income producing security. |
| ‡ | Real Estate Investment Trust. |
| (A) | The rate shown is the 7-day effective yield as of February 28, 2026. |
| Cl — Class |
| REIT — real Estate Investment Trust |
MER-QH-001-1200
ETC 6 Meridian
Quality Growth ETF
Schedule of Investments
February 28, 2026 (Unaudited)
| Description | Shares | Fair Value | ||||||
| COMMON STOCK†† — 99.5% | ||||||||
| Communication Services — 16.9% | ||||||||
| Alphabet, Cl A | 14,139 | $ | 4,407,974 | |||||
| Cargurus, Cl A* | 1,884 | 57,839 | ||||||
| IDT, Cl B | 425 | 21,654 | ||||||
| Meta Platforms, Cl A | 4,399 | 2,851,344 | ||||||
| Netflix* | 23,914 | 2,301,483 | ||||||
| Pinterest, Cl A* | 12,375 | 211,984 | ||||||
| Spotify Technology* | 2,582 | 1,329,575 | ||||||
| Yelp, Cl A* | 1,199 | 26,726 | ||||||
| 11,208,579 | ||||||||
| Consumer Discretionary — 8.1% | ||||||||
| Cavco Industries* | 152 | 87,744 | ||||||
| Chewy, Cl A* | 7,838 | 214,918 | ||||||
| Deckers Outdoor* | 3,057 | 358,495 | ||||||
| Duolingo, Cl A* | 880 | 88,880 | ||||||
| Grand Canyon Education* | 539 | 85,739 | ||||||
| Lululemon Athletica* | 2,725 | 504,588 | ||||||
| Monarch Casino & Resort | 250 | 24,025 | ||||||
| On Holding, Cl A* | 5,471 | 254,292 | ||||||
| Rush Street Interactive* | 4,306 | 85,043 | ||||||
| TJX | 19,032 | 3,076,713 | ||||||
| Ulta Beauty* | 894 | 612,202 | ||||||
| 5,392,639 | ||||||||
| Consumer Staples — 9.4% | ||||||||
| Cal-Maine Foods | 925 | 80,577 | ||||||
| Colgate-Palmolive | 15,789 | 1,565,321 | ||||||
| Costco Wholesale | 3,060 | 3,093,017 | ||||||
| Interparfums | 358 | 36,079 | ||||||
| Marzetti | 388 | 63,764 | ||||||
| Monster Beverage* | 13,794 | 1,176,628 | ||||||
| Sprouts Farmers Market* | 1,924 | 142,126 | ||||||
| Vital Farms* | 722 | 15,227 | ||||||
| WD-40 | 263 | 62,647 | ||||||
| 6,235,386 | ||||||||
| Energy — 0.9% | ||||||||
| Texas Pacific Land | 1,135 | 595,069 | ||||||
| Financials — 13.3% | ||||||||
| Dave* | 250 | 48,318 | ||||||
| Kinsale Capital Group | 441 | 171,844 | ||||||
| Mastercard, Cl A | 5,077 | 2,625,875 | ||||||
| Progressive | 10,810 | 2,309,665 | ||||||
| Remitly Global* | 3,254 | 54,342 | ||||||
| Toast, Cl A* | 11,065 | 302,185 | ||||||
| Tradeweb Markets, Cl A | 4,421 | 544,910 | ||||||
| Visa, Cl A | 8,697 | 2,784,258 | ||||||
| 8,841,397 | ||||||||
| Health Care — 16.8% | ||||||||
| ACADIA Pharmaceuticals* | 2,470 | 60,663 | ||||||
| ADMA Biologics* | 4,676 | 72,805 | ||||||
| Alkermes* | 3,254 | 97,945 | ||||||
| Amneal Pharmaceuticals* | 3,258 | 44,993 | ||||||
| Catalyst Pharmaceuticals* | 2,224 | 51,330 | ||||||
| Cencora, Cl A | 3,597 | 1,338,588 | ||||||
| Chemed | 279 | 114,393 | ||||||
| Description | Shares | Fair Value | ||||||
| Health Care — continued | ||||||||
| Corcept Therapeutics* | 1,724 | $ | 61,547 | |||||
| CorVel* | 536 | 27,647 | ||||||
| Doximity, Cl A* | 3,208 | 78,692 | ||||||
| Exelixis* | 5,047 | 222,371 | ||||||
| Halozyme Therapeutics* | 2,202 | 153,105 | ||||||
| Harmony Biosciences Holdings* | 963 | 27,484 | ||||||
| IDEXX Laboratories* | 1,530 | 1,004,797 | ||||||
| Incyte* | 3,145 | 318,494 | ||||||
| Intuitive Surgical* | 5,700 | 2,870,007 | ||||||
| Krystal Biotech* | 520 | 143,333 | ||||||
| Lantheus Holdings* | 1,309 | 98,057 | ||||||
| Neurocrine Biosciences* | 1,882 | 248,895 | ||||||
| Penumbra* | 726 | 250,027 | ||||||
| Progyny* | 1,592 | 28,162 | ||||||
| PTC Therapeutics* | 1,563 | 106,581 | ||||||
| ResMed | 2,803 | 718,297 | ||||||
| Veeva Systems, Cl A* | 2,806 | 510,720 | ||||||
| Vertex Pharmaceuticals* | 5,066 | 2,516,941 | ||||||
| 11,165,874 | ||||||||
| Industrials — 7.6% | ||||||||
| Booz Allen Hamilton Holding, Cl A | 2,417 | 190,532 | ||||||
| Cintas | 6,881 | 1,383,976 | ||||||
| Copart* | 17,863 | 680,402 | ||||||
| ExlService Holdings* | 3,049 | 95,281 | ||||||
| Fastenal | 23,561 | 1,084,748 | ||||||
| Legalzoom.com* | 3,460 | 24,324 | ||||||
| Rollins | 5,780 | 351,944 | ||||||
| Watts Water Technologies, Cl A | 637 | 209,407 | ||||||
| WW Grainger | 905 | 1,035,981 | ||||||
| 5,056,595 | ||||||||
| Information Technology — 26.4% | ||||||||
| Appfolio, Cl A* | 635 | 112,877 | ||||||
| Apple | 13,909 | 3,674,479 | ||||||
| Arista Networks* | 18,215 | 2,431,703 | ||||||
| Badger Meter | 575 | 87,647 | ||||||
| Clear Secure, Cl A | 2,527 | 122,913 | ||||||
| Dynatrace* | 5,887 | 211,461 | ||||||
| InterDigital | 473 | 173,369 | ||||||
| Intuit | 3,991 | 1,632,439 | ||||||
| Manhattan Associates* | 1,123 | 152,088 | ||||||
| Microsoft | 6,643 | 2,608,972 | ||||||
| Monolithic Power Systems | 892 | 1,019,324 | ||||||
| Napco Security Technologies | 645 | 30,064 | ||||||
| NVIDIA | 19,658 | 3,483,201 | ||||||
| Pegasystems | 1,694 | 74,079 | ||||||
| Qualys* | 696 | 64,359 | ||||||
| ServiceNow* | 14,261 | 1,540,330 | ||||||
| Ubiquiti | 76 | 58,291 | ||||||
| 17,477,596 | ||||||||
ETC 6 Meridian
Quality Growth ETF
Schedule of Investments
February 28, 2026 (Unaudited) (Concluded)
| Description | Shares | Fair Value | ||||||
| Materials — 0.1% | ||||||||
| United States Lime & Minerals | 205 | $ | 23,403 | |||||
| Total Common Stock | ||||||||
| (Cost $59,782,238) | 65,996,538 | |||||||
| SHORT-TERM INVESTMENT — 0.5% | ||||||||
| Invesco Government & Agency Portfolio, Institutional Class, 3.59%(A) | 344,460 | 344,460 | ||||||
| Total Short-Term Investment | ||||||||
| (Cost $344,460) | 344,460 | |||||||
| Total Investments - 100.0% | ||||||||
| (Cost $60,126,698) | $ | 66,340,998 | ||||||
Percentages are based on Net Assets of $66,327,751.
| †† | Industries are utilized for compliance purposes, whereas broad sectors are utilized for reporting. |
| * | Non-income producing security. |
| (A) | The rate shown is the 7-day effective yield as of February 28, 2026. |
| Cl — Class |
MER-QH-001-1200