U.S. Global GO GOLD and Precious Metal Miners ETF
  
Schedule of Investments
  
March 31, 2026 (Unaudited)
  
   
COMMON STOCKS - 97.5%
  
Shares
   
Value
 
Canada - 69.5% (a)
        
Agnico Eagle Mines, Ltd.
    
29,133
    
$
5,913,416
  
Alamos Gold, Inc. - Class A (b)
    
131,021
      
5,821,263
  
Andean Precious Metals Corp. (c)
    
1,030,813
      
5,149,989
  
Barrick Mining Corp.
    
142,865
      
5,827,463
  
Centerra Gold, Inc.
    
228,452
      
4,064,161
  
DPM Metals, Inc.
    
222,534
      
7,835,321
  
Fortuna Mining Corp. (c)
    
383,650
      
3,809,645
  
Franco-Nevada Corp. (b)
    
80,370
      
19,855,409
  
IAMGOLD Corp. (c)
    
396,581
      
7,463,654
  
K92 Mining, Inc. (c)
    
301,502
      
5,117,146
  
Kinross Gold Corp.
    
195,363
      
5,962,479
  
Lundin Gold, Inc.
    
52,334
      
3,999,445
  
OceanaGold Corp.
    
172,969
      
5,453,541
  
OR Royalties, Inc.
    
453,625
      
17,246,822
  
Orezone Gold Corp. (c)
    
2,182,800
      
3,703,118
  
Orla Mining Ltd.
    
246,374
      
3,961,891
  
Santacruz Silver Mining Ltd. (c)
    
431,754
      
3,752,358
  
Silvercorp Metals, Inc. (b)
    
367,663
      
3,948,701
  
Torex Gold Resources, Inc.
    
162,790
      
7,471,887
  
Wesdome Gold Mines, Ltd. (c)
    
347,325
      
6,201,965
  
Wheaton Precious Metals Corp.
    
29,064
      
3,807,675
  
             
136,367,349
  
                 
South Africa - 9.9%
          
DRDGOLD Ltd. - ADR
    
195,545
      
5,743,157
  
Gold Fields Ltd. - ADR
    
166,358
      
7,552,653
  
Harmony Gold Mining Co. Ltd. - ADR (b)
    
397,947
      
6,116,445
  
             
19,412,255
  
                 
United Kingdom - 2.0%
          
Anglogold Ashanti PLC
    
40,445
      
3,937,725
  
                 
United States - 16.1%
          
Coeur Mining, Inc. (b)(c)
    
390,547
      
7,330,567
  
Newmont Corp.
    
36,830
      
3,986,847
  
Royal Gold, Inc.
    
79,985
      
20,355,383
  
             
31,672,797
  
TOTAL COMMON STOCKS (Cost $175,088,490)
      
191,390,126
  
                 
SHORT-TERM INVESTMENTS
  
INVESTMENTS PURCHASED WITH PROCEEDS FROM SECURITIES LENDING - 5.9%
  
Units
   
Value
 
Mount Vernon Liquid Assets Portfolio, LLC, 3.78% (d)
    
11,630,511
      
11,630,511
  
TOTAL INVESTMENTS PURCHASED WITH PROCEEDS FROM SECURITIES LENDING (Cost $11,630,511)
      
11,630,511
  
                 
MONEY MARKET FUNDS - 2.4%
  
Shares
   
Value
 
First American Government Obligations Fund - Class X, 3.58% (d)
    
4,580,785
      
4,580,785
  
TOTAL MONEY MARKET FUNDS (Cost $4,580,785)
      
4,580,785
  
                 
TOTAL INVESTMENTS - 105.8% (Cost $191,299,786)
      
207,601,422
  
Liabilities in Excess of Other Assets - (5.8)%
      
(11,466,118
)
TOTAL NET ASSETS - 100.0%
          
$
196,135,304
  
                 
Percentages are stated as a percent of net assets.
          

ADR - American Depositary Receipt
LLC - Limited Liability Company
PLC - Public Limited Company
 

(a)
To the extent that the Fund invests a significant portion of its assets in the securities of companies of a single country or region, it is more likely to be impacted by events or conditions affecting such country or region.
(b)
All or a portion of this security is on loan as of March 31, 2026. The fair value of these securities was $12,052,414.
(c)
Non-income producing security.
(d)
The rate shown represents the 7-day annualized yield as of March 31, 2026.
Summary of Fair Value Disclosure as of March 31, 2026 (Unaudited)
 
U.S. Global GO GOLD and Precious Metal Miners 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 March 31, 2026:


   
Level 1
    
Level 2
    
Level 3
    
Total
  
Investments:
                        
  Common Stocks
  
$
191,390,126
    
$
–
    
$
–
    
$
191,390,126
  
  Investments Purchased with Proceeds from Securities Lending(a)
    
–
      
–
      
–
      
11,630,511
  
  Money Market Funds
    
4,580,785
      
–
      
–
      
4,580,785
  
Total Investments
  
$
195,970,911
    
$
–
    
$
–
    
$
207,601,422
  
   
Refer to the Schedule of Investments for further disaggregation of investment categories.
  
   

(a)
  
Certain investments that are measured at fair value using the net asset value per share (or its equivalent) practical expedient have not been categorized in the fair value hierarchy. The fair value amount of $11,630,511 presented in the table are intended to permit reconciliation of the fair value hierarchy to the amounts listed in the Schedule of Investments.