Defiance Large Cap ex-Mag 7 ETF
Schedule of Investments
May 31, 2026 (Unaudited)
| COMMON STOCKS - 99.7% | Shares | Value | ||||||
| Banking - 4.8% | ||||||||
| Bank of America Corp. | 23,639 | $ | 1,219,772 | |||||
| Citigroup, Inc. | 5,756 | 724,680 | ||||||
| Citizens Financial Group, Inc. | 1,392 | 86,666 | ||||||
| Credicorp Ltd. | 179 | 61,331 | ||||||
| Fifth Third Bancorp | 2,830 | 141,302 | ||||||
| First Citizens BancShares, Inc. - Class A | 26 | 51,753 | ||||||
| Huntington Bancshares, Inc. | 5,088 | 83,240 | ||||||
| JPMorgan Chase & Co. | 8,855 | 2,650,390 | ||||||
| KeyCorp | 3,561 | 75,956 | ||||||
| M&T Bank Corp. | 498 | 107,623 | ||||||
| PNC Financial Services Group, Inc. | 1,293 | 285,908 | ||||||
| Regions Financial Corp. | 2,856 | 79,968 | ||||||
| Truist Financial Corp. | 4,202 | 202,579 | ||||||
| U.S. Bancorp | 5,084 | 278,857 | ||||||
| Wells Fargo & Co. | 10,163 | 788,039 | ||||||
| 6,838,064 | ||||||||
| Consumer Discretionary Products - 0.8% | ||||||||
| Aptiv PLC(a) | 685 | 46,539 | ||||||
| D.R. Horton, Inc. | 855 | 125,762 | ||||||
| Deckers Outdoor Corp.(a) | 466 | 53,054 | ||||||
| Ford Motor Co. | 12,766 | 222,639 | ||||||
| General Motors Co. | 3,068 | 255,380 | ||||||
| Lennar Corp. - Class A | 726 | 65,180 | ||||||
| Masco Corp. | 686 | 48,192 | ||||||
| Nike, Inc. - Class B | 3,858 | 178,356 | ||||||
| NVR, Inc.(a) | 9 | 54,943 | ||||||
| PulteGroup, Inc. | 649 | 76,699 | ||||||
| Tapestry, Inc. | 685 | 99,640 | ||||||
| 1,226,384 | ||||||||
| Consumer Discretionary Services - 1.7% | ||||||||
| Carnival Corp. Ltd. | 3,551 | 99,641 | ||||||
| Chipotle Mexican Grill, Inc. - Class A(a) | 4,337 | 138,177 | ||||||
| Darden Restaurants, Inc. | 391 | 79,729 | ||||||
| Domino’s Pizza, Inc. | 118 | 36,649 | ||||||
| Hilton Worldwide Holdings, Inc. | 752 | 246,400 | ||||||
| Las Vegas Sands Corp. | 1,028 | 51,986 | ||||||
| Liberty Media Corp-Liberty Formula One - Class Series C(a) | 717 | 65,097 | ||||||
| Live Nation Entertainment, Inc.(a) | 505 | 85,047 | ||||||
| Marriott International, Inc. - Class A | 732 | 274,939 | ||||||
| McDonald’s Corp. | 2,351 | 656,399 | ||||||
| Royal Caribbean Cruises Ltd. | 835 | 237,666 | ||||||
| Starbucks Corp. | 3,718 | 368,677 | ||||||
| Yum! Brands, Inc. | 915 | $ | 135,374 | |||||
| 2,475,781 | ||||||||
| Consumer Staple Products - 4.1% | ||||||||
| Altria Group, Inc. | 5,513 | 383,595 | ||||||
| Church & Dwight Co., Inc. | 795 | 76,026 | ||||||
| Clorox Co. | 410 | 36,908 | ||||||
| Coca-Cola Co. | 14,096 | 1,113,725 | ||||||
| Coca-Cola Europacific Partners PLC | 713 | 64,662 | ||||||
| Colgate-Palmolive Co. | 2,655 | 239,295 | ||||||
| Constellation Brands, Inc. - Class A | 499 | 69,271 | ||||||
| Estee Lauder Cos., Inc. - Class A | 813 | 72,316 | ||||||
| General Mills, Inc. | 1,729 | 58,458 | ||||||
| Hershey Co. | 475 | 92,164 | ||||||
| Hormel Foods Corp. | 1,179 | 27,388 | ||||||
| Kenvue, Inc. | 6,305 | 108,950 | ||||||
| Keurig Dr Pepper, Inc. | 4,235 | 127,177 | ||||||
| Kimberly-Clark Corp. | 1,101 | 107,458 | ||||||
| Kraft Heinz Co. | 3,879 | 93,135 | ||||||
| McCormick & Co., Inc. | 841 | 39,838 | ||||||
| Mondelez International, Inc. - Class A | 4,216 | 257,893 | ||||||
| Monster Beverage Corp.(a) | 2,284 | 201,175 | ||||||
| PepsiCo, Inc. | 4,495 | 648,134 | ||||||
| Philip Morris International, Inc. | 5,136 | 911,024 | ||||||
| Procter & Gamble Co. | 7,656 | 1,099,095 | ||||||
| Tyson Foods, Inc. - Class A | 915 | 55,833 | ||||||
| 5,883,520 | ||||||||
| Financial Services - 8.5% | ||||||||
| Affirm Holdings, Inc. - Class A(a) | 912 | 67,169 | ||||||
| American Express Co. | 2,293 | 725,666 | ||||||
| Ameriprise Financial, Inc. | 310 | 138,170 | ||||||
| Annaly Capital Management, Inc. - REIT | 2,217 | 48,441 | ||||||
| Apollo Global Management, Inc. | 1,385 | 178,263 | ||||||
| Ares Management Corp. | 684 | 87,894 | ||||||
| Bank of New York Mellon Corp. | 2,296 | 320,131 | ||||||
| Blackrock, Inc. | 476 | 498,315 | ||||||
| Blackstone, Inc. | 2,410 | 281,898 | ||||||
| Block, Inc. - Class A(a) | 1,724 | 130,541 | ||||||
| Broadridge Financial Solutions, Inc. | 392 | 60,258 | ||||||
| Capital One Financial Corp. | 2,068 | 388,639 | ||||||
| Charles Schwab Corp. | 5,525 | 482,609 | ||||||
| CME Group, Inc. - Class A | 1,183 | 323,598 | ||||||
| Coinbase Global, Inc. - Class A(a) | 725 | 137,047 | ||||||
| Corpay, Inc.(a) | 235 | 85,023 | ||||||
| Equifax, Inc. | 410 | 67,974 | ||||||
| Fair Isaac Corp.(a) | 77 | 96,295 | ||||||
| Fidelity National Financial, Inc. | 852 | 40,342 | ||||||
| Fidelity National Information Services, Inc. | 1,688 | 72,567 | ||||||
| Fiserv, Inc.(a) | 1,736 | 98,188 | ||||||
| Global Payments, Inc. | 761 | 57,463 |
| Goldman Sachs Group, Inc. | 975 | $ | 999,921 | |||||
| Interactive Brokers Group, Inc. - Class A | 1,409 | 122,541 | ||||||
| Intercontinental Exchange, Inc. | 1,855 | 274,262 | ||||||
| Jack Henry & Associates, Inc. | 233 | 31,763 | ||||||
| KKR & Co., Inc. | 2,264 | 217,208 | ||||||
| LPL Financial Holdings, Inc. | 255 | 69,811 | ||||||
| Mastercard, Inc. - Class A | 2,687 | 1,327,324 | ||||||
| Moody’s Corp. | 587 | 266,058 | ||||||
| Morgan Stanley | 4,041 | 840,528 | ||||||
| MSCI, Inc. - Class A | 235 | 148,374 | ||||||
| Nasdaq, Inc. | 1,492 | 138,040 | ||||||
| Northern Trust Corp. | 622 | 102,910 | ||||||
| Paypal Holdings, Inc. | 3,082 | 137,920 | ||||||
| Raymond James Financial, Inc. | 590 | 84,612 | ||||||
| Robinhood Markets, Inc. - Class A(a) | 2,499 | 235,656 | ||||||
| S&P Global, Inc. | 999 | 423,576 | ||||||
| SoFi Technologies, Inc.(a) | 3,876 | 70,621 | ||||||
| State Street Corp. | 913 | 142,099 | ||||||
| Synchrony Financial | 1,165 | 83,228 | ||||||
| T. Rowe Price Group, Inc. | 700 | 73,171 | ||||||
| Toast, Inc. - Class A(a) | 1,512 | 39,357 | ||||||
| TransUnion | 641 | 45,870 | ||||||
| Verisk Analytics, Inc. - Class A | 456 | 79,795 | ||||||
| Visa, Inc. - Class A | 5,536 | 1,806,729 | ||||||
| 12,147,865 | ||||||||
| Health Care - 12.6% | ||||||||
| Abbott Laboratories | 5,705 | 488,348 | ||||||
| AbbVie, Inc. | 5,830 | 1,269,308 | ||||||
| Agilent Technologies, Inc. | 918 | 124,417 | ||||||
| Alnylam Pharmaceuticals, Inc.(a) | 428 | 129,247 | ||||||
| Amgen, Inc. | 1,774 | 597,465 | ||||||
| Becton Dickinson & Co. | 933 | 137,263 | ||||||
| Biogen, Inc.(a) | 475 | 93,100 | ||||||
| Boston Scientific Corp.(a) | 4,841 | 233,869 | ||||||
| Bristol-Myers Squibb Co. | 6,668 | 381,276 | ||||||
| Cardinal Health, Inc. | 785 | 154,488 | ||||||
| Cencora, Inc. | 612 | 164,848 | ||||||
| Centene Corp.(a) | 1,599 | 95,300 | ||||||
| Cigna Group | 877 | 243,280 | ||||||
| Cooper Cos., Inc.(a) | 663 | 40,582 | ||||||
| CVS Health Corp. | 4,157 | 378,204 | ||||||
| Danaher Corp. | 2,119 | 387,078 | ||||||
| Dexcom, Inc.(a) | 1,250 | 92,175 | ||||||
| Edwards Lifesciences Corp.(a) | 1,871 | 161,785 | ||||||
| Elevance Health, Inc. | 731 | 287,422 | ||||||
| Eli Lilly & Co. | 2,804 | 3,098,420 | ||||||
| GE HealthCare Technologies, Inc. | 1,479 | 92,201 | ||||||
| Gilead Sciences, Inc. | 4,109 | 552,373 | ||||||
| HCA Healthcare, Inc. | 503 | 190,406 | ||||||
| Humana, Inc. | 406 | 124,001 |
| IDEXX Laboratories, Inc.(a) | 256 | $ | 144,264 | |||||
| Illumina, Inc.(a) | 484 | 78,873 | ||||||
| Incyte Corp.(a) | 650 | 62,881 | ||||||
| Insmed, Inc.(a) | 684 | 73,126 | ||||||
| Insulet Corp.(a) | 228 | 33,046 | ||||||
| Intuitive Surgical, Inc.(a) | 1,155 | 490,459 | ||||||
| IQVIA Holdings, Inc.(a) | 561 | 102,220 | ||||||
| Johnson & Johnson | 7,945 | 1,790,247 | ||||||
| Labcorp Holdings, Inc. | 274 | 71,256 | ||||||
| McKesson Corp. | 406 | 301,431 | ||||||
| Medline, Inc. - Class A(a) | 2,560 | 93,594 | ||||||
| Medtronic PLC | 4,218 | 311,331 | ||||||
| Merck & Co., Inc. | 8,209 | 974,572 | ||||||
| Mettler-Toledo International, Inc.(a) | 67 | 79,099 | ||||||
| Natera, Inc.(a) | 444 | 99,176 | ||||||
| Pfizer, Inc. | 18,682 | 489,095 | ||||||
| Quest Diagnostics, Inc. | 373 | 72,698 | ||||||
| Regeneron Pharmaceuticals, Inc. | 337 | 207,181 | ||||||
| ResMed, Inc. | 474 | 90,330 | ||||||
| STERIS PLC | 328 | 69,775 | ||||||
| Stryker Corp. | 1,180 | 360,006 | ||||||
| Thermo Fisher Scientific, Inc. | 1,238 | 609,727 | ||||||
| UnitedHealth Group, Inc. | 2,989 | 1,136,747 | ||||||
| Vertex Pharmaceuticals, Inc.(a) | 834 | 373,248 | ||||||
| Viatris, Inc. | 3,651 | 59,365 | ||||||
| Waters Corp.(a) | 328 | 125,811 | ||||||
| West Pharmaceutical Services, Inc. | 232 | 74,892 | ||||||
| Zimmer Biomet Holdings, Inc. | 664 | 54,667 | ||||||
| Zoetis, Inc. - Class A | 1,451 | 112,728 | ||||||
| 18,058,701 | ||||||||
| Industrial Products - 9.6% | ||||||||
| 3M Co. | 1,754 | 268,590 | ||||||
| AMETEK, Inc. | 758 | 171,194 | ||||||
| Amphenol Corp. | 4,020 | 598,015 | ||||||
| Axon Enterprise, Inc.(a) | 243 | 109,039 | ||||||
| Bloom Energy Corp. - Class A(a) | 710 | 202,350 | ||||||
| Boeing Co.(a) | 2,509 | 579,955 | ||||||
| Carrier Global Corp. | 2,679 | 171,108 | ||||||
| Caterpillar, Inc. | 1,534 | 1,343,585 | ||||||
| Cummins, Inc. | 462 | 298,743 | ||||||
| Curtiss-Wright Corp. | 123 | 91,956 | ||||||
| Deere & Co. | 826 | 447,841 | ||||||
| Dover Corp. | 462 | 97,648 | ||||||
| Eaton Corp. PLC | 1,280 | 512,768 | ||||||
| Emerson Electric Co. | 1,838 | 264,341 | ||||||
| Fortive Corp. | 1,090 | 63,569 | ||||||
| FTAI Aviation Ltd. | 324 | 84,350 | ||||||
| GE Aerospace | 3,452 | 1,117,620 | ||||||
| GE Vernova, Inc. | 891 | 862,773 | ||||||
| General Dynamics Corp. | 835 | 289,595 |
| HEICO Corp. - Class A | 247 | $ | 64,173 | |||||
| Honeywell International, Inc. | 2,079 | 494,511 | ||||||
| Howmet Aerospace, Inc. | 1,318 | 340,374 | ||||||
| Hubbell, Inc. | 186 | 88,091 | ||||||
| IDEX Corp. | 241 | 50,810 | ||||||
| Illinois Tool Works, Inc. | 943 | 233,185 | ||||||
| Ingersoll Rand, Inc. | 1,307 | 93,633 | ||||||
| Johnson Controls International PLC | 2,015 | 270,131 | ||||||
| Keysight Technologies, Inc.(a) | 567 | 191,833 | ||||||
| L3Harris Technologies, Inc. | 623 | 196,357 | ||||||
| Lennox International, Inc. | 111 | 55,740 | ||||||
| Lockheed Martin Corp. | 763 | 404,733 | ||||||
| Northrop Grumman Corp. | 466 | 262,675 | ||||||
| Otis Worldwide Corp. | 1,289 | 91,313 | ||||||
| PACCAR, Inc. | 1,702 | 187,850 | ||||||
| Parker-Hannifin Corp. | 427 | 360,657 | ||||||
| Rocket Lab Corp.(a) | 1,558 | 223,542 | ||||||
| Rockwell Automation, Inc. | 377 | 170,050 | ||||||
| RTX Corp. | 4,427 | 795,355 | ||||||
| Stanley Black & Decker, Inc. | 502 | 39,869 | ||||||
| TE Connectivity PLC | 969 | 206,794 | ||||||
| Textron, Inc. | 583 | 53,496 | ||||||
| Trane Technologies PLC | 722 | 325,839 | ||||||
| TransDigm Group, Inc. | 185 | 232,789 | ||||||
| Trimble, Inc.(a) | 762 | 42,984 | ||||||
| Veralto Corp. | 823 | 67,675 | ||||||
| Vertiv Holdings Co. - Class A | 1,238 | 390,849 | ||||||
| Westinghouse Air Brake Technologies Corp. | 562 | 146,772 | ||||||
| Xylem, Inc. | 806 | 88,289 | ||||||
| 13,745,409 | ||||||||
| Industrial Services - 3.2% | ||||||||
| Automatic Data Processing, Inc. | 1,340 | 297,266 | ||||||
| Cintas Corp. | 1,145 | 196,093 | ||||||
| Comfort Systems USA, Inc. | 116 | 212,072 | ||||||
| CSX Corp. | 6,082 | 275,271 | ||||||
| Delta Air Lines, Inc. | 2,127 | 175,435 | ||||||
| EMCOR Group, Inc. | 155 | 128,157 | ||||||
| Expeditors International of Washington, Inc. | 452 | 71,411 | ||||||
| Fastenal Co. | 3,750 | 165,750 | ||||||
| FedEx Corp. | 706 | 290,696 | ||||||
| J.B. Hunt Transport Services, Inc. | 249 | 68,831 | ||||||
| Jacobs Solutions, Inc. | 396 | 47,465 | ||||||
| Norfolk Southern Corp. | 741 | 225,975 | ||||||
| Old Dominion Freight Line, Inc. | 602 | 135,540 | ||||||
| Paychex, Inc. | 1,069 | 103,672 | ||||||
| Quanta Services, Inc. | 489 | 348,036 | ||||||
| Republic Services, Inc. - Class A | 672 | 134,696 | ||||||
| Rollins, Inc. | 954 | 45,410 | ||||||
| Southwest Airlines Co. | 1,659 | 71,254 | ||||||
| Union Pacific Corp. | 1,956 | 513,724 |
| United Airlines Holdings, Inc.(a) | 1,069 | $ | 122,721 | |||||
| United Parcel Service, Inc. - Class B | 2,439 | 260,217 | ||||||
| United Rentals, Inc. | 209 | 208,095 | ||||||
| W.W. Grainger, Inc. | 148 | 182,668 | ||||||
| Waste Management, Inc. | 1,333 | 281,876 | ||||||
| 4,562,331 | ||||||||
| Insurance - 3.6% | ||||||||
| Aflac, Inc. | 1,524 | 171,328 | ||||||
| Allstate Corp. | 867 | 178,680 | ||||||
| American International Group, Inc. | 1,851 | 137,400 | ||||||
| Aon PLC - Class A | 684 | 216,185 | ||||||
| Arthur J. Gallagher & Co. | 845 | 169,938 | ||||||
| Berkshire Hathaway, Inc. - Class B(a) | 4,562 | 2,164,578 | ||||||
| Brown & Brown, Inc. | 950 | 53,437 | ||||||
| Chubb Ltd. | 1,294 | 403,379 | ||||||
| Cincinnati Financial Corp. | 498 | 78,395 | ||||||
| CNA Financial Corp. | 899 | 37,812 | ||||||
| Hartford Financial Services Group, Inc. | 914 | 116,197 | ||||||
| Loews Corp. | 567 | 58,713 | ||||||
| Markel Group, Inc.(a) | 41 | 74,439 | ||||||
| Marsh & McLennan Cos., Inc. | 1,609 | 257,392 | ||||||
| MetLife, Inc. | 1,853 | 153,224 | ||||||
| Principal Financial Group, Inc. | 713 | 73,881 | ||||||
| Progressive Corp. | 1,928 | 367,091 | ||||||
| Prudential Financial, Inc. | 1,140 | 114,730 | ||||||
| Travelers Cos., Inc. | 733 | 213,955 | ||||||
| W.R. Berkley Corp. | 741 | 47,083 | ||||||
| Willis Towers Watson PLC | 319 | 79,645 | ||||||
| 5,167,482 | ||||||||
| Materials - 2.6% | ||||||||
| Air Products and Chemicals, Inc. | 731 | 203,671 | ||||||
| Amcor PLC | 1,487 | 57,725 | ||||||
| Anglogold Ashanti PLC | 1,649 | 159,689 | ||||||
| Avery Dennison Corp. | 247 | 39,290 | ||||||
| Ball Corp. | 914 | 49,968 | ||||||
| Carlisle Cos., Inc. | 145 | 49,998 | ||||||
| CF Industries Holdings, Inc. | 503 | 56,512 | ||||||
| Corteva, Inc. | 2,229 | 174,486 | ||||||
| Dow, Inc. | 2,314 | 78,098 | ||||||
| DuPont de Nemours, Inc. | 1,374 | 66,529 | ||||||
| Ecolab, Inc. | 844 | 216,064 | ||||||
| Freeport-McMoRan, Inc. | 4,702 | 308,969 | ||||||
| International Flavors & Fragrances, Inc. | 838 | 63,730 | ||||||
| International Paper Co. | 1,834 | 61,384 | ||||||
| Linde PLC | 1,532 | 762,461 | ||||||
| LyondellBasell Industries NV - Class A | 864 | 57,586 | ||||||
| Martin Marietta Materials, Inc. | 210 | 122,144 | ||||||
| Newmont Corp. | 3,648 | 400,587 | ||||||
| Nucor Corp. | 751 | 187,750 |
| Packaging Corp. of America | 293 | $ | 64,141 | |||||
| PPG Industries, Inc. | 727 | 82,137 | ||||||
| Sherwin-Williams Co. | 761 | 231,222 | ||||||
| Southern Copper Corp. | 280 | 53,520 | ||||||
| Steel Dynamics, Inc. | 462 | 120,189 | ||||||
| Vulcan Materials Co. | 448 | 126,748 | ||||||
| 3,794,598 | ||||||||
| Media - 3.6% | ||||||||
| Airbnb, Inc. - Class A(a) | 1,373 | 183,035 | ||||||
| AppLovin Corp. - Class A(a) | 729 | 446,943 | ||||||
| Booking Holdings, Inc. | 2,603 | 435,820 | ||||||
| Charter Communications, Inc. - Class A(a) | 301 | 43,359 | ||||||
| Comcast Corp. - Class A | 11,864 | 295,058 | ||||||
| DoorDash, Inc. - Class A(a) | 1,140 | 181,591 | ||||||
| Electronic Arts, Inc. | 746 | 150,483 | ||||||
| Expedia Group, Inc. - Class A | 390 | 88,058 | ||||||
| GoDaddy, Inc. - Class A(a) | 456 | 39,138 | ||||||
| Grab Holdings Ltd. - Class A(a) | 7,978 | 28,242 | ||||||
| Netflix, Inc.(a) | 13,850 | 1,191,377 | ||||||
| Omnicom Group, Inc. | 1,039 | 75,546 | ||||||
| Pinterest, Inc. - Class A(a) | 1,927 | 38,636 | ||||||
| Reddit, Inc. - Class A(a) | 428 | 75,328 | ||||||
| Roblox Corp. - Class A(a) | 1,999 | 94,253 | ||||||
| Spotify Technology SA(a) | 484 | 240,877 | ||||||
| Take-Two Interactive Software, Inc.(a) | 567 | 127,099 | ||||||
| Trade Desk, Inc. - Class A(a) | 1,389 | 29,947 | ||||||
| Uber Technologies, Inc.(a) | 6,606 | 465,062 | ||||||
| VeriSign, Inc. | 306 | 87,326 | ||||||
| Walt Disney Co. | 5,861 | 596,826 | ||||||
| Warner Bros Discovery, Inc.(a) | 7,639 | 206,329 | ||||||
| 5,120,333 | ||||||||
| Oil & Gas - 4.9% | ||||||||
| Baker Hughes Co. | 3,241 | 207,035 | ||||||
| Cheniere Energy, Inc. | 704 | 158,301 | ||||||
| Chevron Corp. | 6,554 | 1,195,843 | ||||||
| ConocoPhillips | 4,031 | 459,453 | ||||||
| Devon Energy Corp. | 3,648 | 162,313 | ||||||
| Diamondback Energy, Inc. | 600 | 114,888 | ||||||
| EOG Resources, Inc. | 1,792 | 239,017 | ||||||
| EQT Corp. | 2,047 | 112,442 | ||||||
| Expand Energy Corp. | 769 | 71,502 | ||||||
| Exxon Mobil Corp. | 13,721 | 1,993,112 | ||||||
| Halliburton Co. | 2,743 | 106,566 | ||||||
| Kinder Morgan, Inc. | 6,540 | 203,263 | ||||||
| Marathon Petroleum Corp. | 990 | 246,282 | ||||||
| Occidental Petroleum Corp. | 3,195 | 180,933 | ||||||
| ONEOK, Inc. | 2,061 | 173,000 | ||||||
| Phillips 66 | 1,335 | 234,800 | ||||||
| SLB NV | 4,790 | 261,295 |
| Targa Resources Corp. | 693 | $ | 176,764 | |||||
| TechnipFMC PLC | 1,253 | 85,730 | ||||||
| Texas Pacific Land Corp. | 228 | 89,604 | ||||||
| Valero Energy Corp. | 1,003 | 245,554 | ||||||
| Williams Cos., Inc. | 4,004 | 285,846 | ||||||
| 7,003,543 | ||||||||
| Real Estate - 2.7% | ||||||||
| American Tower Corp. - REIT | 1,547 | 289,227 | ||||||
| AvalonBay Communities, Inc. - REIT | 460 | 83,955 | ||||||
| Camden Property Trust - REIT | 351 | 37,403 | ||||||
| CBRE Group, Inc. - Class A(a) | 974 | 121,789 | ||||||
| CoStar Group, Inc.(a) | 1,368 | 44,050 | ||||||
| Crown Castle, Inc. - REIT | 1,420 | 129,930 | ||||||
| Digital Realty Trust, Inc. - REIT | 1,140 | 216,600 | ||||||
| Equinix, Inc. - REIT | 324 | 346,045 | ||||||
| Equity LifeStyle Properties, Inc. - REIT | 637 | 39,347 | ||||||
| Equity Residential - REIT | 1,221 | 79,914 | ||||||
| Essex Property Trust, Inc. - REIT | 225 | 61,344 | ||||||
| Extra Space Storage, Inc. - REIT | 687 | 99,141 | ||||||
| Healthpeak Properties, Inc. - REIT | 2,287 | 43,796 | ||||||
| Host Hotels & Resorts, Inc. - REIT | 2,209 | 50,763 | ||||||
| Invitation Homes, Inc. - REIT | 1,986 | 58,090 | ||||||
| Iron Mountain, Inc. - REIT | 957 | 122,735 | ||||||
| Mid-America Apartment Communities, Inc. - REIT | 392 | 50,595 | ||||||
| Prologis, Inc. - REIT | 3,050 | 437,583 | ||||||
| Public Storage - REIT | 520 | 157,919 | ||||||
| Realty Income Corp. - REIT | 3,011 | 184,514 | ||||||
| Regency Centers Corp. - REIT | 606 | 46,874 | ||||||
| SBA Communications Corp. - Class A - REIT | 354 | 71,919 | ||||||
| Simon Property Group, Inc. - REIT | 1,073 | 219,868 | ||||||
| Sun Communities, Inc. - REIT | 413 | 51,072 | ||||||
| UDR, Inc. - REIT | 1,051 | 38,782 | ||||||
| Ventas, Inc. - REIT | 1,547 | 130,598 | ||||||
| VICI Properties, Inc. - REIT | 3,508 | 98,996 | ||||||
| Welltower, Inc. - REIT | 2,265 | 465,072 | ||||||
| Weyerhaeuser Co. - REIT | 2,365 | 57,966 | ||||||
| WP Carey, Inc. - REIT | 706 | 52,541 | ||||||
| 3,888,428 | ||||||||
| Renewable Energy - 0.1% | ||||||||
| First Solar, Inc.(a) | 341 | 104,615 | ||||||
| Retail & Wholesale - Discretionary - 2.5% | ||||||||
| AutoZone, Inc.(a) | 55 | 161,435 | ||||||
| Best Buy Co., Inc. | 685 | 53,396 | ||||||
| Burlington Stores, Inc.(a) | 220 | 71,243 | ||||||
| Carvana Co. - Class A(a) | 2,240 | 163,520 | ||||||
| Copart, Inc.(a) | 2,889 | 94,673 | ||||||
| Coupang, Inc. - Class A(a) | 4,332 | 71,911 | ||||||
| eBay, Inc. | 1,467 | 160,299 |
| Genuine Parts Co. | 457 | $ | 45,106 | |||||
| Home Depot, Inc. | 3,284 | 1,041,488 | ||||||
| Lowe’s Cos., Inc. | 1,842 | 394,851 | ||||||
| Lululemon Athletica, Inc.(a) | 347 | 45,520 | ||||||
| O’Reilly Automotive, Inc.(a) | 2,739 | 237,964 | ||||||
| Ross Stores, Inc. | 1,055 | 244,475 | ||||||
| TJX Cos., Inc. | 3,669 | 567,778 | ||||||
| Tractor Supply Co. | 1,715 | 54,074 | ||||||
| Ulta Beauty, Inc.(a) | 157 | 79,889 | ||||||
| Williams-Sonoma, Inc. | 388 | 78,985 | ||||||
| 3,566,607 | ||||||||
| Retail & Wholesale - Staples - 2.7% | ||||||||
| Archer-Daniels-Midland Co. | 1,581 | 126,132 | ||||||
| Casey’s General Stores, Inc. | 124 | 95,125 | ||||||
| Costco Wholesale Corp. | 1,463 | 1,399,096 | ||||||
| Dollar General Corp. | 711 | 78,644 | ||||||
| Dollar Tree, Inc.(a) | 666 | 77,549 | ||||||
| Kroger Co. | 2,070 | 128,651 | ||||||
| Sysco Corp. | 1,585 | 120,159 | ||||||
| Target Corp. | 1,492 | 189,588 | ||||||
| Walmart, Inc. | 14,400 | 1,666,800 | ||||||
| 3,881,744 | ||||||||
| Software & Tech Services - 7.0% | ||||||||
| Accenture PLC - Class A | 2,057 | 384,803 | ||||||
| Adobe, Inc.(a) | 1,375 | 356,414 | ||||||
| Akamai Technologies, Inc.(a) | 457 | 68,340 | ||||||
| Atlassian Corp. - Class A(a) | 530 | 57,033 | ||||||
| Autodesk, Inc.(a) | 693 | 160,298 | ||||||
| Cadence Design Systems, Inc.(a) | 905 | 339,312 | ||||||
| CDW Corp. | 440 | 55,198 | ||||||
| Cloudflare, Inc. - Class A(a) | 1,033 | 249,800 | ||||||
| Cognizant Technology Solutions Corp. - Class A | 1,596 | 88,985 | ||||||
| Coreweave, Inc. - Class A(a) | 930 | 101,863 | ||||||
| CrowdStrike Holdings, Inc. - Class A(a) | 807 | 589,917 | ||||||
| Datadog, Inc. - Class A(a) | 1,046 | 258,728 | ||||||
| Fortinet, Inc.(a) | 2,074 | 286,150 | ||||||
| Gartner, Inc.(a) | 229 | 37,144 | ||||||
| Gen Digital, Inc. | 1,831 | 47,221 | ||||||
| Guidewire Software, Inc.(a) | 269 | 41,068 | ||||||
| HubSpot, Inc.(a) | 177 | 39,052 | ||||||
| International Business Machines Corp. | 3,081 | 917,522 | ||||||
| Intuit, Inc. | 908 | 301,029 | ||||||
| Leidos Holdings, Inc. | 430 | 54,954 | ||||||
| MongoDB, Inc. - Class A(a) | 252 | 84,559 | ||||||
| Okta, Inc. - Class A(a) | 543 | 66,936 | ||||||
| Oracle Corp. | 5,555 | 1,254,208 | ||||||
| Palantir Technologies, Inc. - Class A(a) | 6,969 | 1,090,927 | ||||||
| Palo Alto Networks, Inc.(a) | 2,644 | 744,788 | ||||||
| PTC, Inc.(a) | 402 | 55,769 |
| Roper Technologies, Inc. | 361 | $ | 117,516 | |||||
| Salesforce, Inc. | 2,965 | 566,612 | ||||||
| ServiceNow, Inc.(a) | 3,427 | 426,216 | ||||||
| Snowflake, Inc. - Class A(a) | 1,084 | 277,016 | ||||||
| SS&C Technologies Holdings, Inc. | 685 | 46,251 | ||||||
| Strategy, Inc. - Class A(a) | 892 | 141,908 | ||||||
| Synopsys, Inc.(a) | 606 | 288,226 | ||||||
| Twilio, Inc. - Class A(a) | 471 | 89,791 | ||||||
| Tyler Technologies, Inc.(a) | 150 | 46,973 | ||||||
| Veeva Systems, Inc. - Class A(a) | 489 | 85,252 | ||||||
| Workday, Inc. - Class A(a) | 686 | 100,286 | ||||||
| Zoom Communications, Inc. - Class A(a) | 884 | 89,806 | ||||||
| Zscaler, Inc.(a) | 336 | 46,949 | ||||||
| 10,054,820 | ||||||||
| Tech Hardware & Semiconductors - 20.5% | ||||||||
| Advanced Micro Devices, Inc.(a) | 5,355 | 2,763,716 | ||||||
| Analog Devices, Inc. | 1,604 | 663,815 | ||||||
| Applied Materials, Inc. | 2,622 | 1,180,057 | ||||||
| Arista Networks, Inc.(a) | 3,422 | 545,706 | ||||||
| Astera Labs, Inc.(a) | 449 | 153,940 | ||||||
| Broadcom, Inc. | 15,344 | 6,855,239 | ||||||
| Ciena Corp.(a) | 456 | 264,585 | ||||||
| Cisco Systems, Inc. | 13,102 | 1,577,743 | ||||||
| Coherent Corp.(a) | 557 | 201,339 | ||||||
| Corning, Inc. | 2,590 | 469,204 | ||||||
| Credo Technology Group Holding Ltd.(a) | 510 | 120,375 | ||||||
| Dell Technologies, Inc. - Class C | 1,055 | 444,060 | ||||||
| Entegris, Inc. | 489 | 67,868 | ||||||
| Everpure, Inc. - Class A(a) | 1,009 | 80,226 | ||||||
| Garmin Ltd. | 542 | 126,785 | ||||||
| GlobalFoundries, Inc. | 333 | 26,630 | ||||||
| Hewlett Packard Enterprise Co. | 4,332 | 186,449 | ||||||
| HP, Inc. | 2,998 | 81,066 | ||||||
| Intel Corp.(a) | 15,691 | 1,799,444 | ||||||
| Jabil, Inc. | 350 | 127,596 | ||||||
| KLA Corp. | 434 | 834,022 | ||||||
| Lam Research Corp. | 4,123 | 1,311,856 | ||||||
| Lumentum Holdings, Inc.(a) | 230 | 196,641 | ||||||
| Marvell Technology, Inc. | 2,757 | 565,185 | ||||||
| Microchip Technology, Inc. | 1,749 | 165,543 | ||||||
| Micron Technology, Inc. | 3,704 | 3,596,584 | ||||||
| Monolithic Power Systems, Inc. | 159 | 249,027 | ||||||
| Motorola Solutions, Inc. | 547 | 220,594 | ||||||
| NetApp, Inc. | 661 | 115,206 | ||||||
| ON Semiconductor Corp.(a) | 1,328 | 160,183 | ||||||
| QUALCOMM, Inc. | 3,524 | 884,595 | ||||||
| Sandisk Corp.(a) | 456 | 772,911 | ||||||
| Seagate Technology Holdings PLC | 695 | 611,461 | ||||||
| Super Micro Computer, Inc.(a) | 1,691 | 77,938 | ||||||
| Teledyne Technologies, Inc.(a) | 163 | 101,032 |
| Teradyne, Inc. | 516 | $ | 193,144 | |||||
| Texas Instruments, Inc. | 2,974 | 909,092 | ||||||
| Ubiquiti, Inc. | 10 | 5,839 | ||||||
| Western Digital Corp. | 1,128 | 599,205 | ||||||
| Zebra Technologies, Corp. - Class A(a) | 176 | 42,879 | ||||||
| 29,348,780 | ||||||||
| Telecommunications - 1.1% | ||||||||
| AST SpaceMobile, Inc. - Class A(a) | 481 | 54,550 | ||||||
| AT&T, Inc. | 23,300 | 577,840 | ||||||
| T-Mobile US, Inc. | 1,624 | 304,549 | ||||||
| Verizon Communications, Inc. | 13,882 | 663,698 | ||||||
| 1,600,637 | ||||||||
| Utilities - 3.1% | ||||||||
| Alliant Energy Corp. | 853 | 61,083 | ||||||
| Ameren Corp. | 900 | 97,173 | ||||||
| American Electric Power Co., Inc. | 1,762 | 223,193 | ||||||
| American Water Works Co., Inc. | 652 | 80,372 | ||||||
| Atmos Energy Corp. | 534 | 90,315 | ||||||
| CenterPoint Energy, Inc. | 2,140 | 90,436 | ||||||
| CMS Energy Corp. | 979 | 71,046 | ||||||
| Consolidated Edison, Inc. | 1,178 | 124,432 | ||||||
| Constellation Energy Corp. | 1,032 | 296,958 | ||||||
| Dominion Energy, Inc. | 2,791 | 186,830 | ||||||
| DTE Energy Co. | 685 | 97,866 | ||||||
| Duke Energy Corp. | 2,545 | 312,348 | ||||||
| Edison International | 1,271 | 88,894 | ||||||
| Entergy Corp. | 1,470 | 160,303 | ||||||
| Evergy, Inc. | 739 | 60,628 | ||||||
| Eversource Energy | 1,220 | 83,289 | ||||||
| Exelon Corp. | 3,299 | 150,566 | ||||||
| FirstEnergy Corp. | 1,900 | 88,141 | ||||||
| NextEra Energy, Inc. | 6,840 | 595,148 | ||||||
| NiSource, Inc. | 1,577 | 72,889 | ||||||
| NRG Energy, Inc. | 635 | 85,141 | ||||||
| PG&E Corp. | 7,104 | 116,079 | ||||||
| PPL Corp. | 2,410 | 85,290 | ||||||
| Public Service Enterprise Group, Inc. | 1,632 | 128,357 | ||||||
| Sempra | 2,130 | 189,847 | ||||||
| Southern Co. | 3,630 | 334,142 | ||||||
| Vistra Corp. | 1,114 | 178,496 | ||||||
| WEC Energy Group, Inc. | 1,078 | 119,712 | ||||||
| Xcel Energy, Inc. | 1,949 | 154,946 | ||||||
| 4,423,920 | ||||||||
| TOTAL COMMON STOCKS (Cost $126,389,881) | 142,893,562 |
| RIGHTS - 0.0% | Shares | Value | ||||||
| TPG, Inc.(a) | 727 | $ | — | |||||
| TOTAL RIGHTS (Cost $–) | — | |||||||
| SHORT-TERM INVESTMENTS - 0.2% | ||||||||
| Money Market Funds - 0.2% | Shares | Value | ||||||
| First American Government Obligations Fund - Class X, 3.55%(b) | 339,447 | 339,447 | ||||||
| TOTAL SHORT-TERM INVESTMENTS (Cost $339,447) | 339,447 | |||||||
| TOTAL INVESTMENTS - 99.9% (Cost $126,729,328) | $ | 143,233,009 | ||||||
| Other Assets in Excess of Liabilities - 0.1% | 123,383 | |||||||
| TOTAL NET ASSETS - 100.0% | $ | 143,356,392 | ||||||
| Percentages are stated as a percent of net assets. | ||||||||
| PLC | Public Limited Company |
| REIT | Real Estate Investment Trust |
| (a) | Non-income producing security. |
| (b) | The rate shown represents the 7-day annualized effective yield as of May 31, 2026. |