Motley Fool Capital Efficiency 100 Index ETF
Schedule of Investments
May 31, 2026 (Unaudited)

COMMON STOCKS - 99.9%

Shares  

Value  
Air Freight & Logistics - 1.1%

FedEx Corp.

            2,276

    $        937,143






Beverages - 0.9%

Monster Beverage Corp. (a)

            8,589

             756,519






Biotechnology - 2.4%

Exelixis, Inc. (a)

            3,186

             160,829
Gilead Sciences, Inc.

            12,106

             1,627,410
Incyte Corp. (a)

            2,374

             229,661
Iovance Biotherapeutics, Inc. (a)

            3,704

             15,186




             2,033,086






Broadline Retail - 6.3%

Amazon.com, Inc. (a)

            17,682

             4,785,456
eBay, Inc.

            3,873

             423,203
Etsy, Inc. (a)

            914

             62,079
Ollie's Bargain Outlet Holdings, Inc. (a)

            559

             45,631




             5,316,369






Capital Markets - 0.0% (b)

Donnelley Financial Solutions, Inc. (a)

            346

             13,733






Chemicals - 1.8%

Ecolab, Inc.

            2,482

             635,392
RPM International, Inc.

            1,198

             126,952
Sherwin-Williams Co.

            2,557

             776,919




             1,539,263






Commercial Services & Supplies - 1.4%

Cintas Corp.

            5,118

             876,509
Rollins, Inc.

            6,320

             300,832




             1,177,341






Communications Equipment - 0.7%

Motorola Solutions, Inc.

            1,583

             638,392






Construction & Engineering - 1.1%

Comfort Systems USA, Inc.

            340

             621,591
EMCOR Group, Inc.

            436

             360,494




             982,085






Consumer Staples Distribution & Retail - 9.5%

Casey's General Stores, Inc.

            350

             268,499
Costco Wholesale Corp.

            3,764

             3,599,588
Maplebear, Inc. (a)

            2,867

             114,107
Sysco Corp.

            7,004

             530,973
United Natural Foods, Inc. (a)

            714

             36,664
Walmart, Inc.

            30,132

             3,487,779




             8,037,610








Entertainment - 4.2%

Netflix, Inc. (a)

            39,197

             3,371,726
Roku, Inc. (a)

            1,380

             179,648




             3,551,374






Financial Services - 9.1%

Jack Henry & Associates, Inc.

            761

             103,739
Mastercard, Inc. - Class A

            7,415

             3,662,862
Visa, Inc. - Class A

            12,236

             3,993,341




             7,759,942






Ground Transportation - 0.5%

Old Dominion Freight Line, Inc.

            1,981

             446,022






Health Care Equipment & Supplies - 3.5%

Align Technology, Inc. (a)

            843

             147,483
DexCom, Inc. (a)

            3,671

             270,699
IDEXX Laboratories, Inc. (a)

            1,064

             599,596
Insulet Corp. (a)

            813

             117,836
Intuitive Surgical, Inc. (a)

            3,600

             1,528,704
ResMed, Inc.

            1,375

             262,034
TransMedics Group, Inc. (a)

            344

             23,117




             2,949,469






Health Care Providers & Services - 1.3%

HCA Healthcare, Inc.

            2,892

             1,094,738
Progyny, Inc. (a)

            746

             19,068




             1,113,806






Hotels, Restaurants & Leisure - 4.4%

Airbnb, Inc. - Class A (a)

            5,753

             766,932
Booking Holdings, Inc.

            8,128

             1,360,871
Chipotle Mexican Grill, Inc. (a)

            15,300

             487,458
Starbucks Corp.

            10,553

             1,046,436
Texas Roadhouse, Inc.

            648

             117,042




             3,778,739






Household Durables - 0.2%

NVR, Inc. (a)

            28

             170,934






Interactive Media & Services - 10.9%

Alphabet, Inc. - Class C

            12,994

             4,891,331
Match Group, Inc.

            2,412

             87,146
Meta Platforms, Inc. - Class A

            6,456

             4,083,485
Pinterest, Inc. - Class A (a)

            7,978

             159,959




             9,221,921






IT Services - 0.8%

Cognizant Technology Solutions Corp. - Class A

            4,503

             251,065
Gartner, Inc. (a)

            445

             72,179
GoDaddy, Inc. - Class A (a)

            1,315

             112,867
MongoDB, Inc. (a)

            799

             268,104




             704,215






Leisure Products - 0.2%

Hasbro, Inc.

            1,543

             132,960








Life Sciences Tools & Services - 0.2%

Medpace Holdings, Inc. (a)

            299

             133,686






Machinery - 0.1%

Tennant Co.

            181

             15,586
Toro Co.

            958

             86,105




             101,691






Media - 0.2%

New York Times Co. - Class A

            1,886

             141,846
Trade Desk, Inc. - Class A (a)

            1,000

             21,560




             163,406






Personal Care Products - 0.0% (b)

elf Beauty, Inc. (a)

            752

             42,112






Pharmaceuticals - 1.4%

Bristol-Myers Squibb Co.

            21,473

             1,227,826






Semiconductors & Semiconductor Equipment - 11.2%

Cirrus Logic, Inc. (a)

            503

             85,485
Impinj, Inc. (a)

            300

             45,300
Lam Research Corp.

            15,118

             4,810,245
NVIDIA Corp.

            21,476

             4,534,443




             9,475,473






Software - 15.3%

Adobe Systems, Inc. (a)

            5,000

             1,296,050
Appfolio, Inc. - Class A (a)

            410

             66,080
Appian Corp. - Class A (a)

            971

             22,721
Autodesk, Inc. (a)

            2,443

             565,090
Crowdstrike Holdings, Inc. - Class A (a)

            2,282

             1,668,142
Datadog, Inc. - Class A (a)

            3,884

             960,707
Docusign, Inc. (a)

            2,633

             138,285
Fair Isaac Corp. (a)

            364

             455,215
Figma, Inc. - Class A (a)

            5,495

             140,123
Fortinet, Inc. (a)

            6,511

             898,323
HubSpot, Inc. (a)

            390

             86,046
Manhattan Associates, Inc. (a)

            730

             109,537
Microsoft Corp.

            9,922

             4,467,281
Nutanix, Inc. - Class A (a)

            3,163

             164,697
Samsara, Inc. - Class A (a)

            5,913

             206,896
ServiceNow, Inc. (a)

            9,500

             1,181,515
ServiceTitan, Inc. - Class A (a)

            1,173

             84,878
Workday, Inc. - Class A (a)

            1,650

             241,213
Zscaler, Inc. (a)

            1,471

             205,543




             12,958,342






Specialty Retail - 4.6%

AutoZone, Inc. (a)

            202

             592,908
Chewy, Inc. - Class A (a)

            3,491

             78,687
Five Below, Inc. (a)

            575

             130,732
Stitch Fix, Inc. - Class A (a)

            2,073

             7,380
TJX Cos., Inc.

            13,544

             2,095,934
Tractor Supply Co.

            5,804

             183,000
Ulta Beauty, Inc. (a)

            596

             303,275


Urban Outfitters, Inc. (a)

            1,034

             75,120
Wayfair, Inc. - Class A (a)

            1,537

             111,064
Williams-Sonoma, Inc.

            1,453

             295,787




             3,873,887






Technology Hardware, Storage & Peripherals - 5.4%

Apple, Inc.

            14,801

             4,618,800






Textiles, Apparel & Luxury Goods - 0.8%

NIKE, Inc. - Class B

            14,000

             647,220
Under Armour, Inc. - Class A (a)

            5,080

             29,820




             677,040






Trading Companies & Distributors - 0.4%

Watsco, Inc.

            373

             136,928
WESCO International, Inc.

            465

             167,944




             304,872
TOTAL COMMON STOCKS (Cost $74,752,428)

             84,838,058






TOTAL INVESTMENTS - 99.9% (Cost $74,752,428)

             84,838,058
Other Assets in Excess of Liabilities - 0.1%
0.00092
            78,383
TOTAL NET ASSETS - 100.0%




    $        84,916,441


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)

Non-income producing security.
(b)

Represents less than 0.05% of net assets.


Summary of Fair Value Disclosure as of May 31, 2026 (Unaudited)



Motley Fool Capital Efficiency 100 Index 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
    $        84,838,058

    $        –

    $        –

    $        84,838,058
Total Investments
    $        84,838,058

    $        –

    $        –

    $        84,838,058

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