Advent Convertible Bond ETF
Schedule of Investments
May 31, 2026 (Unaudited)

CONVERTIBLE BONDS - 88.9%
Par  

Value  
Aerospace & Defense - 2.5%
AeroVironment, Inc., 0.00%, 07/15/2030 (a)

    $        780,000

    $        814,710






Automobiles - 3.6%
Rivian Automotive, Inc., 3.63%, 10/15/2030

             811,000

             841,165
Winnebago Industries, Inc., 3.25%, 01/15/2030

             339,000

             311,711


             1,152,876






Banks - 4.4%
Barclays Bank PLC, 1.00%, 02/16/2029

             1,326,000

             1,417,892






Biotechnology - 3.0%
Bridgebio Pharma, Inc., 2.25%, 02/01/2029

             268,000

             288,822
Halozyme Therapeutics, Inc., 0.25%, 03/01/2027

             650,000

             678,437


             967,259






Broadline Retail - 2.0%
Etsy, Inc., 0.13%, 09/01/2027

             665,000

             629,256






Capital Markets - 4.0%
Coinbase Global, Inc., 0.25%, 04/01/2030

             1,334,000

             1,298,983






Commercial Services & Supplies - 1.5%
Tetra Tech, Inc., 2.25%, 08/15/2028

             455,000

             472,176






Consumer Finance - 2.6%
Upstart Holdings, Inc.
2.00%, 10/01/2029

             450,000

             501,750
1.00%, 11/15/2030

             400,000

             325,000


             826,750






Electric Utilities - 2.3%
PG&E Corp., 4.25%, 12/01/2027

             739,000

             753,965






Electrical Equipment - 1.1%
Array Technologies, Inc., 1.00%, 12/01/2028

             355,000

             336,540






Electronic Equipment, Instruments & Components - 1.8%
Itron, Inc., 1.38%, 07/15/2030

             592,000

             578,976






Entertainment - 1.2%
Live Nation Entertainment, Inc., 2.88%, 01/15/2030

             349,000

             399,954






Financial Services - 3.6%
Affirm Holdings, Inc., 0.75%, 12/15/2029

             589,000

             652,798
Global Payments, Inc., 1.50%, 03/01/2031

             564,000

             509,856


             1,162,654






Food Products - 0.7%
Freshpet, Inc., 3.00%, 04/01/2028

             215,000

             239,510








Ground Transportation - 1.9%
Lyft, Inc., 0.63%, 03/01/2029

             590,000

             618,084






Health Care Equipment & Supplies - 10.8%
Alphatec Holdings, Inc., 0.75%, 03/15/2030

             690,000

             633,033
Dexcom, Inc., 0.38%, 05/15/2028

             497,000

             466,062
Enovis Corp., 3.88%, 10/15/2028

             454,000

             442,582
Haemonetics Corp., 2.50%, 06/01/2029

             484,000

             480,709
Integer Holdings Corp., 1.88%, 03/15/2030

             400,000

             382,000
Omnicell, Inc., 1.00%, 12/01/2029

             460,000

             501,112
Tandem Diabetes Care, Inc., 1.50%, 03/15/2029

             590,000

             578,495


             3,483,993






Health Care Providers & Services - 1.0%
Guardant Health, Inc., 0.00%, 11/15/2027 (a)

             275,000

             320,060






Hotels, Restaurants & Leisure - 6.6%
DraftKings Holdings, Inc., 0.00%, 03/15/2028 (a)

             679,000

             626,377
Marriott Vacations Worldwide Corp., 3.25%, 12/15/2027

             656,000

             639,928
NCL Corp. Ltd., 1.13%, 02/15/2027

             304,000

             298,832
Shake Shack, Inc., 0.00%, 03/01/2028 (a)

             596,000

             560,240


             2,125,377






Household Durables - 0.9%
Meritage Homes Corp., 1.75%, 05/15/2028

             305,000

             299,815






Interactive Media & Services - 0.9%
Snap, Inc., 0.50%, 05/01/2030

             339,000

             284,336






IT Services - 2.1%
Cloudflare, Inc., 0.00%, 08/15/2026 (a)

             255,000

             327,446
Snowflake, Inc., 0.00%, 10/01/2027 (a)

             210,000

             353,262


             680,708






Life Sciences Tools & Services - 1.5%
Repligen Corp., 1.00%, 12/15/2028

             478,000

             480,652






Oil, Gas & Consumable Fuels - 1.3%
Northern Oil & Gas, Inc., 3.63%, 04/15/2029

             417,000

             414,706






Pharmaceuticals - 2.1%
Amphastar Pharmaceuticals, Inc., 2.00%, 03/15/2029

             407,000

             366,858
Pacira BioSciences, Inc., 2.13%, 05/15/2029

             327,000

             320,917


             687,775






Professional Services - 1.5%
Parsons Corp., 2.63%, 03/01/2029

             465,000

             470,720






Semiconductors & Semiconductor Equipment - 5.5%
Enphase Energy, Inc., 0.00%, 03/01/2028 (a)

             706,000

             658,536
Microchip Technology, Inc., 0.75%, 06/01/2030

             1,019,000

             1,127,909


             1,786,445






Software - 13.7%


BILL Holdings, Inc., 0.00%, 04/01/2030 (a)

             437,000

             385,631
Box, Inc., 1.50%, 09/15/2029

             330,000

             322,080
Cleanspark, Inc., 0.00%, 06/15/2030 (a)

             275,000

             414,288
Datadog, Inc., 0.00%, 12/01/2029 (a)

             277,000

             383,906
Five9, Inc., 1.00%, 03/15/2029

             345,000

             307,843
Guidewire Software, Inc., 1.25%, 11/01/2029

             475,000

             484,025
MARA Holdings, Inc., 2.13%, 09/01/2031

             329,000

             371,637
Nutanix, Inc., 0.50%, 12/15/2029

             332,000

             330,008
Progress Software Corp., 3.50%, 03/01/2030

             344,000

             327,694
Strategy, Inc., 0.88%, 03/15/2031

             623,000

             698,414
Unity Software, Inc., 0.00%, 03/15/2030 (a)

             320,000

             375,200


             4,400,726






Specialty Retail - 1.2%
GameStop Corp., 0.00%, 04/01/2030 (a)

             400,000

             398,200






Technology Hardware, Storage & Peripherals - 3.6%
Super Micro Computer, Inc.
2.25%, 07/15/2028

             340,000

             382,129
3.50%, 03/01/2029

             767,000

             776,812


             1,158,941
TOTAL CONVERTIBLE BONDS (Cost $27,658,869)

             28,662,039






CONVERTIBLE PREFERRED STOCKS - 7.9%

Shares  

Value  
Banks - 7.9%

Bank of America Corp., Series L, 7.25%, Perpetual

            1,016

             1,225,591
Wells Fargo & Co., Series L, 7.50%, Perpetual

            1,139

             1,336,411
TOTAL CONVERTIBLE PREFERRED STOCKS (Cost $2,549,747)

             2,562,002






SHORT-TERM INVESTMENTS
MONEY MARKET FUNDS - 4.2%
Shares  

Value  
First American Government Obligations Fund - Class X, 3.55% (b)

            1,362,896

             1,362,896
TOTAL MONEY MARKET FUNDS (Cost $1,362,896)

             1,362,896






TOTAL INVESTMENTS - 101.0% (Cost $31,571,512)

             32,586,937
Liabilities in Excess of Other Assets - (1.0)%
(0.01039)
            (335,146)
TOTAL NET ASSETS - 100.0%




    $        32,251,791


Par amount is in USD unless otherwise indicated.

Percentages are stated as a percent of net assets.




The Global Industry Classification Standard (“GICS®”) was developed by and/or is the exclusive property of MSCI, Inc. (“MSCI”) and Standard & Poor’s Financial Services LLC (“S&P”). GICS® is a service mark of MSCI and S&P and has been licensed for use by U.S. Bank Global Fund Services.




(a)

Zero coupon bonds make no periodic interest payments.
(b)

The rate shown represents the 7-day annualized yield as of May 31, 2026.











Summary of Fair Value Disclosure as of May 31, 2026 (Unaudited)
 
Advent Convertible Bond ETF 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 May 31, 2026:



Level 1

Level 2

Level 3

Total
Investments:







  Convertible Bonds
    $        –

    $        28,662,039

    $         –(a)

    $        28,662,039
  Convertible Preferred Stocks
            2,562,002

            –

            –

            2,562,002
  Money Market Funds
            1,362,896

            –

            –

            1,362,896
Total Investments
    $        3,924,898

    $        28,662,039

    $        –

    $        32,586,937

Refer to the Schedule of Investments for further disaggregation of investment categories.




(a)

During the period, Barclays Bank PLC was transferred from Level 3 to Level 2 of the fair value hierarchy as observable market inputs for the instrument became available. In accordance with the fair value accounting standards, the transfer was recognized at the end of the reporting period and reflects a change in the significance of inputs used to determine fair value.