LIBERTY ONE SPECTRUM ETF
SCHEDULE OF INVESTMENTS (Unaudited)
April 30, 2026
 
Shares             Fair Value
    COMMON STOCKS — 99.5%      
    AEROSPACE & DEFENSE - 3.6%      
1,640   Northrop Grumman Corporation       $ 950,347
6,150   RTX Corporation         1,082,831
             

2,033,178

    ASSET MANAGEMENT - 1.6%      
820   Blackrock, Inc.         873,792
             
 
    BANKING - 1.7%      
3,075   JPMorgan Chase & Company         963,182
             
 
    BEVERAGES - 2.1%      
14,758   Coca-Cola Company (The)         1,162,340
             
 
    BIOTECH & PHARMA - 4.7%      
1,433   Eli Lilly & Company         1,339,282
5,535   Johnson & Johnson         1,272,220
             

2,611,502

    DIVERSIFIED INDUSTRIALS - 1.9%      
4,922   Honeywell International, Inc.         1,054,932
             
 
    E-COMMERCE DISCRETIONARY - 3.2%      
6,763   Amazon.com, Inc.(a)         1,792,601
             
 
    ELECTRIC UTILITIES - 7.8%      
14,762   Alliant Energy Corporation         1,083,974
7,995   Duke Energy Corporation         1,035,752
12,919   NextEra Energy, Inc.         1,264,512
10,453   Southern Company (The)         1,010,805
             

4,395,043

    FOOD - 3.8%      
5,328   Hershey Company (The)         989,623
18,038   Tyson Foods, Inc., Class A         1,155,695
             

2,145,318

    HEALTH CARE FACILITIES & SERVICES - 6.1%      
6,357   Cardinal Health, Inc.         1,226,138
 
 

 

LIBERTY ONE SPECTRUM ETF
SCHEDULE OF INVESTMENTS (Unaudited) (Continued)
April 30, 2026
 
Shares             Fair Value
    COMMON STOCKS — 99.5% (Continued)      
    HEALTH CARE FACILITIES & SERVICES - 6.1% (Continued)      
1,435   McKesson Corporation       $ 1,169,812
2,870   UnitedHealth Group, Inc.         1,063,278
             

3,459,228

    HEALTH CARE REIT - 1.8%      
54,926   Healthcare Realty Trust, Inc.         1,027,116
             
 
    HOUSEHOLD PRODUCTS - 5.1%      
12,298   Colgate-Palmolive Company         1,049,757
6,355   Procter & Gamble Company (The)         934,757
15,148   Unilever plc - ADR         893,429
             

2,877,943

    INDUSTRIAL REIT - 4.2%      
18,856   First Industrial Realty Trust, Inc.         1,169,261
8,608   Prologis, Inc.         1,222,508
             

2,391,769

    INSTITUTIONAL FINANCIAL SERVICES - 2.0%      
1,230   Goldman Sachs Group, Inc. (The)         1,136,237
             
 
    INSURANCE - 3.7%      
8,815   Aflac, Inc.         1,002,001
3,485   Travelers Companies, Inc. (The)         1,063,413
             

2,065,414

    INTERNET MEDIA & SERVICES - 4.0%      
3,895   Alphabet, Inc., Class C         1,487,656
1,230   Meta Platforms, Inc., Class A         752,649
             

2,240,305

    LEISURE FACILITIES & SERVICES - 4.5%      
3,820   Darden Restaurants, Inc.         766,139
2,255   Domino's Pizza, Inc.         765,392
3,280   McDonald's Corporation         962,975
             

2,494,506

    MACHINERY - 5.4%      
2,050   Caterpillar, Inc.         1,824,725
 
 

 

LIBERTY ONE SPECTRUM ETF
SCHEDULE OF INVESTMENTS (Unaudited) (Continued)
April 30, 2026
 
Shares             Fair Value
    COMMON STOCKS — 99.5% (Continued)      
    MACHINERY - 5.4% (Continued)      
2,050   Deere & Company       $ 1,209,234
             

3,033,959

    OIL & GAS PRODUCERS - 2.1%      
6,150   Chevron Corporation         1,188,857
             
 
    RETAIL - CONSUMER STAPLES - 6.0%      
1,025   Costco Wholesale Corporation         1,039,893
14,760   Kroger Company (The)         1,004,713
9,428   Walmart, Inc.         1,243,836
             

3,288,442

    RETAIL - DISCRETIONARY - 3.4%      
2,458   Home Depot, Inc. (The)         808,190
6,970   TJX Companies, Inc. (The)         1,092,548
             

1,900,738

    RETAIL REIT - 1.9%      
16,195   Realty Income Corporation         1,040,367
             
 
    SELF-STORAGE REIT - 1.8%      
6,970   Extra Space Storage, Inc.         999,010
             
 
    SEMICONDUCTORS - 6.1%      
4,508   Broadcom, Inc.         1,881,774
5,343   Texas Instruments, Inc.         1,501,810
             

3,383,584

    SOFTWARE - 3.1%      
1,435   Intuit, Inc.         557,498
2,870   Microsoft Corporation         1,170,329
             

1,727,827

    TECHNOLOGY HARDWARE - 2.9%      
5,943   Apple, Inc.         1,612,633
             
 
    TELECOMMUNICATIONS - 5.0%      
34,631   AT&T, Inc.         904,908
4,100   T-Mobile US, Inc.         801,550
 
 

 

LIBERTY ONE SPECTRUM ETF
SCHEDULE OF INVESTMENTS (Unaudited) (Continued)
April 30, 2026
 
Shares             Fair Value
    COMMON STOCKS — 99.5% (Continued)      
    TELECOMMUNICATIONS - 5.0% (Continued)      
22,548   Verizon Communications, Inc.       $ 1,082,980
             

2,789,438

               
    TOTAL COMMON STOCKS (Cost $52,574,547)    

  55,689,261

               
    SHORT-TERM INVESTMENTS — 0.6%      
    MONEY MARKET FUNDS - 0.6%      
357,614   First American Treasury Obligations Fund, Class X, 3.58% (Cost $357,614)(b)         357,614
             
 
    TOTAL INVESTMENTS - 100.1% (Cost $52,932,161)     $ 56,046,875
    LIABILITIES IN EXCESS OF OTHER ASSETS - (0.1)%    

(40,009)

    NET ASSETS - 100.0%        

$ 56,006,866

           
               
 

 

 

ADR - American Depositary Receipt

PLC - Public Limited Company

REIT - Real Estate Investment Trust

 

 

(a) Non-income producing security.
(b) Rate disclosed is the seven day effective yield as of April 30, 2026.