Motley Fool Innovative Growth Factor ETF
Schedule of Investments
May 31, 2026 (Unaudited)

COMMON STOCKS - 99.8%

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Value  
Aerospace & Defense - 6.1%

Boeing Co. (a)

            1,118

    $        258,426
Howmet Aerospace, Inc.

            426

             110,014
Lockheed Martin Corp.

            264

             140,039
Rocket Lab Corp. (a)

            844

             121,097
Textron, Inc.

            197

             18,077




             647,653






Biotechnology - 3.9%

Alnylam Pharmaceuticals, Inc. (a)

            212

             64,020
AnaptysBio, Inc. (a)

            57

             3,173
Beam Therapeutics, Inc. (a)

            159

             5,236
BioMarin Pharmaceutical, Inc. (a)

            291

             16,671
Bridgebio Pharma, Inc. (a)

            572

             37,901
Cullinan Therapeutics, Inc. (a)

            174

             2,861
Exelixis, Inc. (a)

            446

             22,514
First Tracks Biotherapeutics, Inc. (a)

            66

             1,053
Gilead Sciences, Inc.

            1,591

             213,878
Iovance Biotherapeutics, Inc. (a)

            1,107

             4,539
Moderna, Inc. (a)

            469

             22,132
TG Therapeutics, Inc. (a)

            283

             10,737
Viking Therapeutics, Inc. (a)

            371

             12,146




             416,861






Broadline Retail - 6.2%

Amazon.com, Inc. (a)

            2,113

             571,862
eBay, Inc.

            651

             71,135
Etsy, Inc. (a)

            175

             11,886




             654,883






Capital Markets - 0.4%

Cboe Global Markets, Inc.

            114

             38,026
Donnelley Financial Solutions, Inc. (a)

            42

             1,667




             39,693






Communications Equipment - 0.4%

Ubiquiti, Inc.

            70

             40,870






Consumer Staples Distribution & Retail - 0.2%

Maplebear, Inc. (a)

            548

             21,810
United Natural Foods, Inc. (a)

            82

             4,211




             26,021






Diversified Telecommunication Services - 0.0% (b)

Bandwidth, Inc. - Class A (a)

            43

             2,794






Entertainment - 5.0%

Live Nation Entertainment, Inc. (a)

            332

             55,912
Netflix, Inc. (a)

            4,554

             391,735
ROBLOX Corp. - Class A (a)

            839

             39,559
Roku, Inc. (a)

            303

             39,445




             526,651








Financial Services - 8.6%

Mastercard, Inc. - Class A

            867

             428,280
Toast, Inc. - Class A (a)

            700

             18,221
Visa, Inc. - Class A

            1,427

             465,716




             912,217






Ground Transportation - 2.3%

Uber Technologies, Inc. (a)

            3,446

             242,598






Health Care Equipment & Supplies - 0.8%

Align Technology, Inc. (a)

            120

             20,994
ClearPoint Neuro, Inc. (a)

            32

             406
DexCom, Inc. (a)

            524

             38,640
Insulet Corp. (a)

            126

             18,262
iRadimed Corp.

            18

             1,632
TransMedics Group, Inc. (a)

            42

             2,822




             82,756






Health Care Providers & Services - 0.2%

Guardant Health, Inc. (a)

            178

             23,085






Hotels, Restaurants & Leisure - 3.5%

Airbnb, Inc. - Class A (a)

            878

             117,046
Booking Holdings, Inc.

            876

             146,669
DoorDash, Inc. - Class A (a)

            624

             99,397
Planet Fitness, Inc. - Class A (a)

            84

             4,495




             367,607






Insurance - 0.1%

Lemonade, Inc. (a)

            107

             6,206
Trupanion, Inc. (a)

            38

             829




             7,035






Interactive Media & Services - 10.8%

Alphabet, Inc. - Class C

            1,474

             554,858
Match Group, Inc.

            407

             14,705
Meta Platforms, Inc. - Class A

            719

             454,775
Pinterest, Inc. - Class A (a)

            1,252

             25,102
Reddit, Inc. - Class A (a)

            493

             86,768




             1,136,208






IT Services - 6.8%

Cloudflare, Inc. - Class A (a)

            441

             106,643
GoDaddy, Inc. - Class A (a)

            168

             14,419
International Business Machines Corp.

            1,110

             330,558
MongoDB, Inc. (a)

            121

             40,602
Snowflake, Inc. - Class A (a)

            749

             191,407
Twilio, Inc. - Class A (a)

            208

             39,653




             723,282






Leisure Products - 0.3%

Hasbro, Inc.

            346

             29,815






Life Sciences Tools & Services - 0.7%

Illumina, Inc. (a)

            281

             45,792


Lifecore Biomedical, Inc. (a)

            74

             371
Medpace Holdings, Inc. (a)

            56

             25,038




             71,201






Media - 0.3%

New York Times Co. - Class A

            206

             15,493
Trade Desk, Inc. - Class A (a)

            553

             11,923




             27,416






Passenger Airlines - 0.1%

Alaska Air Group, Inc. (a)

            136

             6,259






Personal Care Products - 0.1%

elf Beauty, Inc. (a)

            140

             7,840






Pharmaceuticals - 6.7%

Axsome Therapeutics, Inc. (a)

            150

             35,172
Bristol-Myers Squibb Co.

            2,559

             146,324
Eli Lilly & Co.

            472

             521,560




             703,056






Real Estate Management & Development - 0.1%

Zillow Group, Inc. - Class C (a)

            329

             11,515






Semiconductors & Semiconductor Equipment - 16.2%

Astera Labs, Inc. (a)

            349

             119,655
Broadcom, Inc.

            1,368

             611,181
Cirrus Logic, Inc. (a)

            72

             12,236
Impinj, Inc. (a)

            50

             7,550
Lam Research Corp.

            1,362

             433,361
NVIDIA Corp.

            2,482

             524,050
Universal Display Corp.

            70

             6,448




             1,714,481






Software - 11.6%

Adobe Systems, Inc. (a)

            836

             216,700
Appfolio, Inc. - Class A (a)

            95

             15,311
AppLovin Corp. - Class A (a)

            423

             259,337
Autodesk, Inc. (a)

            258

             59,678
Box, Inc. - Class A (a)

            245

             6,605
Crowdstrike Holdings, Inc. - Class A (a)

            323

             236,113
Datadog, Inc. - Class A (a)

            681

             168,445
Docusign, Inc. (a)

            299

             15,703
Fair Isaac Corp. (a)

            50

             62,530
Gitlab, Inc. - Class A (a)

            280

             8,694
HubSpot, Inc. (a)

            119

             26,255
Manhattan Associates, Inc. (a)

            68

             10,203
Nutanix, Inc. - Class A (a)

            503

             26,191
Samsara, Inc. - Class A (a)

            1,105

             38,664
Workday, Inc. - Class A (a)

            347

             50,728
Zscaler, Inc. (a)

            208

             29,064




             1,230,221






Specialty Retail - 3.3%

Stitch Fix, Inc. - Class A (a)

            378

             1,346
TJX Cos., Inc.

            1,625

             251,469
Ulta Beauty, Inc. (a)

            81

             41,217


Urban Outfitters, Inc. (a)

            124

             9,008
Wayfair, Inc. - Class A (a)

            258

             18,643
Williams-Sonoma, Inc.

            148

             30,128




             351,811






Technology Hardware, Storage & Peripherals - 5.1%

Apple, Inc.

            1,730

             539,864
TOTAL COMMON STOCKS (Cost $9,427,236)

             10,543,693






TOTAL INVESTMENTS - 99.8% (Cost $9,427,236)

             10,543,693
Other Assets in Excess of Liabilities - 0.2%
0.00223
            23,561
TOTAL NET ASSETS - 100.0%




    $        10,567,254


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 Innovative Growth Factor 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
    $        10,543,693

    $        –

    $        –

    $        10,543,693
Total Investments
    $        10,543,693

    $        –

    $        –

    $        10,543,693

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