| Aztlan North America Nearshoring Stock Selection ETF | |
| Schedule of Investments | |
| April 30, 2026 (Unaudited) |
| COMMON STOCKS - 99.7% | Shares | Value | ||||||
| Industrial Products - 20.0% | ||||||||
| Astronics Corp. (a) | 11,708 | $ | 835,951 | |||||
| ATI, Inc.(a) | 5,272 | 819,585 | ||||||
| BWX Technologies, Inc. | 3,856 | 834,400 | ||||||
| GE Aerospace | 2,498 | 724,245 | ||||||
| Howmet Aerospace, Inc. | 3,162 | 768,493 | ||||||
| Mercury Systems, Inc.(a) | 9,576 | 755,642 | ||||||
| Woodward, Inc. | 2,098 | 761,553 | ||||||
| 5,499,869 | ||||||||
| Industrial Services - 35.0%(b) | ||||||||
| APi Group Corp. (a)(c) | 18,750 | 857,250 | ||||||
| C.H. Robinson Worldwide, Inc. | 4,419 | 803,418 | ||||||
| DXP Enterprises, Inc.(a) | 5,737 | 979,593 | ||||||
| Dycom Industries, Inc.(a) | 2,156 | 892,800 | ||||||
| J.B. Hunt Transport Services, Inc. | 3,738 | 940,219 | ||||||
| MasTec, Inc.(a) | 2,581 | 1,017,043 | ||||||
| Mullen Group Ltd. | 63,897 | 965,192 | ||||||
| MYR Group, Inc.(a) | 2,866 | 1,160,185 | ||||||
| Sterling Infrastructure, Inc.(a) | 1,880 | 969,366 | ||||||
| TFI International, Inc. | 7,355 | 1,050,266 | ||||||
| 9,635,332 | ||||||||
| Materials - 3.6% | ||||||||
| Ryerson Holding Corp. | 35,677 | 988,610 | ||||||
| Real Estate - 5.7% | ||||||||
| Crown Castle, Inc. - REIT | 8,557 | 759,691 | ||||||
| Prologis Property Mexico SA de CV - REIT | 181,388 | 828,634 | ||||||
| 1,588,325 | ||||||||
| Software & Tech Services - 2.5% | ||||||||
| Palantir Technologies, Inc. - Class A(a) | 4,959 | 689,847 | ||||||
| Tech Hardware & Semiconductors - 32.9%(b) | ||||||||
| Analog Devices, Inc. | 2,446 | 983,928 | ||||||
| Broadcom, Inc. | 2,323 | 969,690 | ||||||
| Celestica, Inc.(a) | 2,836 | 1,161,987 | ||||||
| Ciena Corp.(a) | 2,219 | 1,170,700 | ||||||
| Lam Research Corp. | 3,527 | 909,472 | ||||||
| Microchip Technology, Inc. | 12,084 | 1,122,724 | ||||||
| Micron Technology, Inc. | 1,756 | 908,133 | ||||||
| Sanmina Corp.(a) | 5,978 | 1,302,128 | ||||||
| Vistance Networks, Inc. | 42,552 | 544,453 | ||||||
| 9,073,215 | ||||||||
| TOTAL COMMON STOCKS (Cost $21,613,942) | 27,475,198 | |||||||
| SHORT-TERM INVESTMENTS - 0.3% | ||||||||
| Money Market Funds - 0.3% | Shares | Value | ||||||
| First American Government Obligations Fund - Class X, 3.58%(d) | 72,413 | 72,413 | ||||||
| TOTAL SHORT-TERM INVESTMENTS (Cost $72,413) | 72,413 | |||||||
| TOTAL INVESTMENTS - 100.0% (Cost $21,686,355) | 27,547,611 | |||||||
| Liabilities in Excess of Other Assets - 0.0%(e) | (6,287 | ) | ||||||
| TOTAL NET ASSETS - 100.0% | $ | 27,541,324 |
Percentages are stated as a percent of net assets.
| REIT | Real Estate Investment Trust |
| (a) | Non-income producing security. |
| (b) | 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. |
| (c) | Security exempt from registration pursuant to Rule 144A under the Securities Act of 1933, as amended. These securities may be resold in transactions exempt from registration to qualified institutional investors. As of April 30, 2026, the value of these securities total $857,250 or 3.1% of the Fund’s net assets. |
| (d) | The rate shown represents the 7-day annualized effective yield as of April 30, 2026. |
| (e) | Does not round to 0.1% or (0.1)%, as applicable. |