Motley Fool Global Opportunities ETF
Schedule of Investments
May 31, 2026 (Unaudited)

COMMON STOCKS - 97.7%

Shares  

Value  
Argentina - 2.0%

MercadoLibre, Inc. (a)

            4,161

    $        7,055,600






Canada - 4.9%

Canadian National Railway Co.

            47,928

             5,681,864
Waste Connections, Inc.

            80,245

             11,958,110




             17,639,974






China - 2.2%

Yum China Holdings, Inc.

            186,202

             7,900,551






Germany - 1.8%

Symrise AG

            69,864

             6,445,800






Ireland - 3.1%

ICON PLC (a)(b)

            28,158

             3,831,459
Kerry Group PLC - Class A

            66,309

             5,680,822
Kerry Group PLC - Class A

            16,837

             1,465,043




             10,977,324






Israel - 1.6%

Cellebrite DI Ltd. (a)

            386,489

             5,692,983






Japan - 3.0%

Nintendo Co. Ltd.

            236,144

             10,598,420






Kenya - 0.3%

Safaricom PLC

            4,000,000

             943,994






Netherlands - 0.9%

Universal Music Group NV

            138,004

             3,138,869






Philippines - 5.5%

International Container Terminal Services, Inc.

            1,610,522

             19,674,789






Spain - 1.3%

Cellnex Telecom SA (c)

            142,085

             4,776,273






Taiwan - 4.4%

Taiwan Semiconductor Manufacturing Co. Ltd. - ADR

            37,742

             15,793,140






Thailand - 3.6%

Fabrinet (a)

            19,353

             12,659,958






United Arab Emirates - 0.0% (d)

NMC Health PLC (a)(e)

            485,482

             0






United Kingdom - 9.1%

Aon PLC - Class A

            25,859

             8,172,996
Close Brothers Group PLC (a)

            1,457,044

             9,041,773


London Stock Exchange Group PLC

            76,653

             9,313,232
RELX PLC - ADR (b)

            83,260

             2,730,095
Rentokil Initial PLC - ADR (b)

            99,903

             3,008,079
System1 Group PLC

            12,652

             51,967




             32,318,142






United States - 54.0% (f)

Alphabet, Inc. - Class C

            78,363

             29,498,184
Alphatec Holdings, Inc. (a)

            337,865

             2,618,454
Amazon.com, Inc. (a)

            90,425

             24,472,622
American Tower Corp.

            46,640

             8,719,814
Axon Enterprise, Inc. (a)

            19,914

             8,935,810
Brookfield Asset Management Ltd. - Class A (b)

            171,812

             8,350,063
Costco Wholesale Corp.

            12,916

             12,351,829
DexCom, Inc. (a)

            112,503

             8,295,971
Equinix, Inc.

            11,106

             11,861,652
Fastenal Co.

            203,324

             8,986,921
Mastercard, Inc. - Class A

            26,710

             13,194,206
Netflix, Inc. (a)

            33,222

             2,857,756
Salesforce, Inc.

            31,883

             6,092,841
SBA Communications Corp.

            21,376

             4,342,748
ServiceNow, Inc. (a)

            24,064

             2,992,840
StoneX Group, Inc. (a)

            126,774

             14,369,833
Sunbelt Rentals Holdings, Inc.

            90,371

             7,109,828
Waters Corp. (a)

            18,580

             7,126,731
Watsco, Inc. (b)

            28,075

             10,306,333




             192,484,436
TOTAL COMMON STOCKS (Cost $183,766,461)

             348,100,253






SHORT-TERM INVESTMENTS
INVESTMENTS PURCHASED WITH PROCEEDS FROM SECURITIES LENDING - 5.0%
Units  

Value  
Mount Vernon Liquid Assets Portfolio, LLC, 3.74% (g)

            17,985,560

             17,985,560
TOTAL INVESTMENTS PURCHASED WITH PROCEEDS FROM SECURITIES LENDING (Cost $17,985,560)

             17,985,560






TOTAL INVESTMENTS - 102.7% (Cost $201,752,021)

             366,085,813
Liabilities in Excess of Other Assets - (2.7)%
(0.02744)
            (9,776,612)
TOTAL NET ASSETS - 100.0%




    $        356,309,201


Percentages are stated as a percent of net assets.




ADR - American Depositary Receipt




(a)

Non-income producing security.
(b)

All or a portion of this security is on loan as of May 31, 2026. The fair value of these securities was $17,505,711.
(c)

Security is exempt from registration pursuant to Rule 144A under the Securities Act of 1933, as amended. These securities may only be resold in transactions exempt from registration to qualified institutional investors. As of May 31, 2026, the value of these securities total $4,776,273 or 1.3% of the Fund’s net assets.
(d)

Represents less than 0.05% of net assets.
(e)

Fair value determined using significant unobservable inputs in accordance with procedures established by and under the supervision of the Adviser, acting as Valuation Designee. These securities represented $0 or 0.0% of net assets as of May 31, 2026.
(f)

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.
(g)

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)
 
Motley Fool Global Opportunities 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:







  Common Stocks
    $        348,100,253

    $        –

    $        0

    $        348,100,253
  Investments Purchased with Proceeds from Securities Lending(a)
            –

            –

            –

            17,985,560
Total Investments
    $        348,100,253

    $        –

    $        0

    $        366,085,813

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 presented in the table is intended to permit reconciliation of the fair value hierarchy to the amounts listed in the Schedule of Investments.