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shareholder report</span> contains important information about the <span style="box-sizing: border-box">SP Funds Dow Jones Global Sukuk ETF</span> (the "Fund") for the period <span style="box-sizing: border-box">December 1, 2025</span> to <span style="box-sizing: border-box">May 31, 2026</span>. semi-annual shareholder report You can find additional information about the Fund at <span style="margin: 0; padding: 0; text-decoration: none; box-sizing: border-box; color: inherit; cursor: pointer; font-weight: 400"><span id="xdx_90C_eoef--AddlInfoWebsite_c20251201__20260531__oef--ClassAxis__custom--C000216394Member_zJvIIsdv7Mad">www.sp-funds.com/spsk</span></span>. You can also request this information by contacting us at <span style="box-sizing: border-box"><span id="xdx_908_eoef--AddlInfoPhoneNumber_c20251201__20260531__oef--ClassAxis__custom--C000216394Member_zXG8EJoTDCC1">(425) 409-9500</span></span> or by writing <span style="box-sizing: border-box">SP Funds Dow Jones Global Sukuk ETF</span>, c/o U.S. Bank Global Fund Services, P.O. Box 701, Milwaukee, Wisconsin 53201-0701. www.sp-funds.com/spsk (425) 409-9500 <p id="xdx_80A_eoef--ExpensesTextBlock_hoef--ClassAxis__custom--C000216394Member_dU_ziXX4pMmxy6c" style="font: 700 11pt/1.4 Gotham Narrow-Bold,Arial; margin: -2pt 0 0; text-align-last: auto; display: block; min-height: 14.66px; align-content: center; box-sizing: border-box; color: #231f20; text-indent: 0; line-height: 11pt">What were the Fund costs for the past six months?</p> <p style="font: 10pt/1.4 Gotham Narrow-Light,Arial; margin: 0 0 2pt; text-align-last: auto; display: block; min-height: 15.29px; align-content: center; box-sizing: border-box; color: #4f4f4f; text-align: left; text-indent: 0; line-height: 11pt"><span style="box-sizing: border-box; font-size: 9pt">(based on a hypothetical $10,000 investment)</span> </p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="box-sizing: border-box; width: 100%; table-layout: auto; border-collapse: collapse; line-height: normal"> <tr style="box-sizing: border-box; height: auto; line-height: normal"> <th style="border-bottom: #4f4f4f 1.4pt solid; box-sizing: border-box; line-height: normal"> <div style="font: 700 8pt Gotham Narrow-Bold,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Fund Name</span> </div> </th> <th style="border-bottom: #4f4f4f 1.4pt solid; box-sizing: border-box; line-height: normal"> <div style="font: 700 8pt Gotham Narrow-Bold,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: center"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Costs of a $10,000 investment</span> </div> </th> <th style="border-bottom: #4f4f4f 1.4pt solid; box-sizing: border-box; line-height: normal"> <div style="font: 700 8pt Gotham Narrow-Bold,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: center"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Costs paid as a percentage of a $10,000 investment*</span> </div> </th> </tr> <tr style="box-sizing: border-box; height: auto; line-height: normal"> <td style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box; line-height: normal"> <div id="xdx_983_eoef--FundName_c20251201__20260531__oef--ClassAxis__custom--C000216394Member_z8BYmRuAgRY6" style="font: 9pt Gotham Narrow-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">SP Funds Dow Jones Global Sukuk ETF</span> </div> </td> <td style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box; line-height: normal"> <div id="xdx_980_eoef--ExpensesPaidAmt_c20251201__20260531__oef--ClassAxis__custom--C000216394Member_zLfy84F9eLF2" style="font: 9pt Gotham Narrow-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: center"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">$25</span> </div> </td> <td style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box; line-height: normal"> <div id="xdx_983_eoef--ExpenseRatioPct_dp_c20251201__20260531__oef--ClassAxis__custom--C000216394Member_fKg_____z2SfadxUwYa7" style="font: 9pt Gotham Narrow-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: center"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">0.50%</span> </div> </td> </tr> </table> </div> </div> </div> <table cellpadding="0" cellspacing="0" style="font: 8pt/1.4 Gotham Narrow-Light,Arial; color: #4f4f4f; margin-top: 0; margin-bottom: 6pt; width: 100%"> <tr style="vertical-align: top; text-align: justify"> <td id="xdx_F04_zjyI2ubnOhKf" style="width: 15pt; text-align: right">*</td> <td style="width: 5pt"></td> <td id="xdx_F17_zcvOA6hGvbx6" style="text-align: justify">Costs paid as a percentage of a $10,000 investment is an annualized figure.</td> </tr> </table> SP Funds Dow Jones Global Sukuk ETF 25 0.0050 <p id="xdx_804_eoef--AddlFundStatisticsTextBlock_hoef--ClassAxis__custom--C000216394Member_dU_zlMtoWiIhLhk" style="font: 700 13pt/1.4 Gotham Narrow-Bold,Arial; margin: 4pt 0 -4pt; text-align-last: auto; display: block; min-height: 24.26px; align-content: center; line-height: 24.26px; box-sizing: border-box; color: #231f20; text-indent: 0">Key Fund Statistics</p> <p style="font: 10pt/1.4 Gotham Narrow-Light,Arial; margin: 0 0 3pt; text-align-last: auto; display: block; min-height: 18.67px; align-content: center; line-height: 18.66px; box-sizing: border-box; color: #4f4f4f; text-align: left; text-indent: 0"><span style="box-sizing: border-box; font-size: 9pt">(as of </span><span style="box-sizing: border-box; font-size: 9pt"><span style="box-sizing: border-box">May 31, 2026</span> </span><span style="box-sizing: border-box; font-size: 9pt">)</span> </p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0; margin-bottom: 1pt"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="box-sizing: border-box; width: 100%; table-layout: fixed; border-collapse: collapse; line-height: normal"> <tr style="box-sizing: border-box; height: auto; line-height: normal"> <td style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box; line-height: normal"> <div style="font: 9pt Gotham Narrow-Medium,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Fund Size (Thousands)</span> </div> </td> <td style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box; line-height: normal"> <div id="xdx_981_eus-gaap--AssetsNet_iI_pn3n3_c20260531__oef--ClassAxis__custom--C000216394Member_zlq1WN1d4kK3" style="font: 9pt Gotham Narrow-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">$542,949</span> </div> </td> </tr> <tr style="box-sizing: border-box; height: auto; line-height: normal"> <td style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box; line-height: normal"> <div style="font: 9pt Gotham Narrow-Medium,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Number of Holdings</span> </div> </td> <td style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box; line-height: normal"> <div id="xdx_985_eoef--HoldingsCount_iI_uHoldings_c20260531__oef--ClassAxis__custom--C000216394Member_zNvOZ9T0Xzbl" style="font: 9pt Gotham Narrow-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">167</span> </div> </td> </tr> <tr style="box-sizing: border-box; height: auto; line-height: normal"> <td style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box; line-height: normal"> <div style="font: 9pt Gotham Narrow-Medium,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Total Advisory Fee Paid</span> </div> </td> <td style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box; line-height: normal"> <div id="xdx_98A_eoef--AdvisoryFeesPaidAmt_c20251201__20260531__oef--ClassAxis__custom--C000216394Member_zh1qAU7sNohc" style="font: 9pt Gotham Narrow-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">$1,164,180</span> </div> </td> </tr> <tr style="box-sizing: border-box; height: auto; line-height: normal"> <td style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box; line-height: normal"> <div style="font: 9pt Gotham Narrow-Medium,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Portfolio Turnover Rate</span> </div> </td> <td style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box; line-height: normal"> <div id="xdx_98C_eus-gaap--InvestmentCompanyPortfolioTurnover_c20251201__20260531__oef--ClassAxis__custom--C000216394Member_z3vYNllNMkzi" style="font: 9pt Gotham Narrow-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">18%</span> </div> </td> </tr> </table> </div> </div> </div> <p style="font: 8pt/1.4 Gotham Narrow-Light,Arial; margin: 2pt 0 4pt; box-sizing: border-box; text-align-last: auto; display: block; color: #4f4f4f; text-align: left; text-indent: 0"><span style="box-sizing: border-box"></span> </p> 542949000 167 1164180 0.18 <div id="xdx_800_eoef--HoldingsTableTextBlock_hoef--ClassAxis__custom--C000216394Member_dU_zAN8txxp9q7b" style="box-sizing: border-box; text-align-last: auto; position: relative"> <p style="font: 700 18pt/1.4 Gotham Narrow-Bold,Arial; margin: 8pt 0 -4pt; text-align-last: auto; display: block; min-height: 33.6px; align-content: center; line-height: 33.6px; box-sizing: border-box; color: #231f20; text-indent: 0">What did the Fund invest in?</p> <p style="font: 10pt/1.4 Gotham Narrow-Light,Arial; margin: 0; text-align-last: auto; display: block; min-height: 18.67px; align-content: center; line-height: 18.66px; box-sizing: border-box; color: #4f4f4f; text-align: left; text-indent: 0"><span style="box-sizing: border-box; font-size: 9pt">(as of </span><span style="box-sizing: border-box; font-size: 9pt"><span style="box-sizing: border-box">May 31, 2026</span> </span><span style="box-sizing: border-box; font-size: 9pt">)</span> </p> </div> <div style="border-right: #000 0.94pt solid; margin: 0 0 3.75pt; padding: 0 20pt 0 0; grid-column: 1 / 2; grid-row: 3 / 4; box-sizing: border-box; text-align-last: auto; width: 286pt; height: auto"> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; position: relative"> <p style="font: 700 13pt/1.4 Gotham Narrow-Bold,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; display: block; color: #231f20; text-indent: 0; line-height: 13pt"> </p> <p style="font: 700 13pt/1.4 Gotham Narrow-Bold,Arial; margin: -8pt 0 0; text-align-last: auto; display: block; min-height: 17.33px; align-content: center; box-sizing: border-box; color: #231f20; text-indent: 0; line-height: 13pt">Sector/Security Type - Investments</p> <p style="font: 10pt/1.4 Gotham Narrow-Light,Arial; margin: 0; text-align-last: auto; display: block; min-height: 17.95px; align-content: center; box-sizing: border-box; color: #4f4f4f; text-align: left; text-indent: 0; line-height: 13pt"><span style="box-sizing: border-box; font-size: 9pt">(% of total net assets)</span> </p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; display: flex; justify-content: center"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="margin: 0; padding: 0; box-sizing: border-box; width: fit-content; table-layout: fixed; border-collapse: collapse; display: none"> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">sector</div> </td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">%</div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Sovereigns</div> </td> <td style="box-sizing: border-box"> <div id="xdx_988_eoef--PctOfNav_iI_dp_c20260531__oef--ClassAxis__custom--C000216394Member__oef--IndustrySectorAxis__custom--SovereignsSectorMember_zT7r6BJ1vsMj" style="box-sizing: border-box; text-align-last: auto">33.5%</div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Banks</div> </td> <td style="box-sizing: border-box"> <div id="xdx_987_eoef--PctOfNav_iI_dp_c20260531__oef--ClassAxis__custom--C000216394Member__oef--IndustrySectorAxis__custom--BanksSectorMember_zLs0bPgXKOEb" style="box-sizing: border-box; text-align-last: auto">15.8%</div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Utilities</div> </td> <td style="box-sizing: border-box"> <div id="xdx_983_eoef--PctOfNav_iI_dp_c20260531__oef--ClassAxis__custom--C000216394Member__oef--IndustrySectorAxis__oef--UtilitiesSectorMember_zJqaHOVLK3O5" style="box-sizing: border-box; text-align-last: auto">9.6%</div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Financial Services</div> </td> <td style="box-sizing: border-box"> <div id="xdx_985_eoef--PctOfNav_iI_dp_c20260531__oef--ClassAxis__custom--C000216394Member__oef--IndustrySectorAxis__us-gaap--FinancialServicesSectorMember_zycEKvCLl2za" style="box-sizing: border-box; text-align-last: auto">8.4%</div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Supranationals</div> </td> <td style="box-sizing: border-box"> <div id="xdx_983_eoef--PctOfNav_iI_dp_c20260531__oef--ClassAxis__custom--C000216394Member__oef--IndustrySectorAxis__custom--SupranationalsSectorMember_zoSlC6H4rsZi" style="box-sizing: border-box; text-align-last: auto">8.0%</div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Integrated Oils</div> </td> <td style="box-sizing: border-box"> <div id="xdx_985_eoef--PctOfNav_iI_dp_c20260531__oef--ClassAxis__custom--C000216394Member__oef--IndustrySectorAxis__custom--IntegratedOilsSectorMember_zD4tz2mOnTMi" style="box-sizing: border-box; text-align-last: auto">4.9%</div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Real Estate</div> </td> <td style="box-sizing: border-box"> <div id="xdx_980_eoef--PctOfNav_iI_dp_c20260531__oef--ClassAxis__custom--C000216394Member__oef--IndustrySectorAxis__us-gaap--RealEstateSectorMember_zqJX2pstQbpl" style="box-sizing: border-box; text-align-last: auto">3.5%</div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Transportation &amp; Logistics</div> </td> <td style="box-sizing: border-box"> <div id="xdx_98C_eoef--PctOfNav_iI_dp_c20260531__oef--ClassAxis__custom--C000216394Member__oef--IndustrySectorAxis__custom--TransportationAndLogisticsSectorMember_zujUViQaEpRi" style="box-sizing: border-box; text-align-last: auto">3.1%</div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Consumer Finance</div> </td> <td style="box-sizing: border-box"> <div id="xdx_981_eoef--PctOfNav_iI_dp_c20260531__oef--ClassAxis__custom--C000216394Member__oef--IndustrySectorAxis__custom--ConsumerFinanceSectorMember_zKZsEXxgIpwe" style="box-sizing: border-box; text-align-last: auto">2.6%</div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Exploration &amp; Production</div> </td> <td style="box-sizing: border-box"> <div id="xdx_984_eoef--PctOfNav_iI_dp_c20260531__oef--ClassAxis__custom--C000216394Member__oef--IndustrySectorAxis__custom--ExplorationAndProductionSectorMember_zDaXmGmXT8wb" style="box-sizing: border-box; text-align-last: auto">2.2%</div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Wireline Telecommunications Services</div> </td> <td style="box-sizing: border-box"> <div id="xdx_981_eoef--PctOfNav_iI_dp_c20260531__oef--ClassAxis__custom--C000216394Member__oef--IndustrySectorAxis__custom--WirelineTelecommunicationsServicesSectorMember_z636w9PMyxm8" style="box-sizing: border-box; text-align-last: auto">1.8%</div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Chemicals</div> </td> <td style="box-sizing: border-box"> <div id="xdx_985_eoef--PctOfNav_iI_dp_c20260531__oef--ClassAxis__custom--C000216394Member__oef--IndustrySectorAxis__us-gaap--ChemicalsSectorMember_z8Et58SvQnmh" style="box-sizing: border-box; text-align-last: auto">1.7%</div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Pipeline</div> </td> <td style="box-sizing: border-box"> <div id="xdx_98D_eoef--PctOfNav_iI_dp_c20260531__oef--ClassAxis__custom--C000216394Member__oef--IndustrySectorAxis__custom--PipelineSectorMember_zCpkntCu8jG" style="box-sizing: border-box; text-align-last: auto">0.9%</div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Commercial Finance</div> </td> <td style="box-sizing: border-box"> <div id="xdx_981_eoef--PctOfNav_iI_dp_c20260531__oef--ClassAxis__custom--C000216394Member__oef--IndustrySectorAxis__custom--CommercialFinanceSectorMember_zlM4nstsfR63" style="box-sizing: border-box; text-align-last: auto">0.7%</div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Food &amp; Beverage</div> </td> <td style="box-sizing: border-box"> <div id="xdx_986_eoef--PctOfNav_iI_dp_c20260531__oef--ClassAxis__custom--C000216394Member__oef--IndustrySectorAxis__us-gaap--FoodAndBeverageSectorMember_zxAALf5iJTKk" style="box-sizing: border-box; text-align-last: auto">0.7%</div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Power Generation</div> </td> <td style="box-sizing: border-box"> <div id="xdx_98E_eoef--PctOfNav_iI_dp_c20260531__oef--ClassAxis__custom--C000216394Member__oef--IndustrySectorAxis__custom--PowerGenerationSectorMember_zjkislaZm2X4" style="box-sizing: border-box; text-align-last: auto">0.5%</div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Wireless Telecommunications Services</div> </td> <td style="box-sizing: border-box"> <div id="xdx_983_eoef--PctOfNav_iI_dp_c20260531__oef--ClassAxis__custom--C000216394Member__oef--IndustrySectorAxis__custom--WirelessTelecommunicationsServicesSectorMember_z7J2Y6mcCW96" style="box-sizing: border-box; text-align-last: auto">0.5%</div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Cash &amp; Other</div> </td> <td style="box-sizing: border-box"> <div id="xdx_98E_eoef--PctOfNav_iI_dp_c20260531__oef--ClassAxis__custom--C000216394Member__oef--IndustrySectorAxis__custom--CashAndOtherSectorMember_znRj0nIaPVa" style="box-sizing: border-box; text-align-last: auto">1.6%</div> </td> </tr> </table> </div> </div><img alt="bar" src="qesaz3wbo1mr9gcsya.jpg" style="box-sizing: border-box; width: 240pt; height: auto"/> </div> </div> </div> <p style="font: 8pt/1.4 Gotham Narrow-Light,Arial; margin: 0 0 4pt; box-sizing: border-box; text-align-last: auto; display: block; color: #4f4f4f; text-align: left; text-indent: 0"> </p> </div> </div> </div> <p style="font: 10pt/1.4 Gotham Narrow-Light,Arial; margin: -20pt 0 8pt; box-sizing: border-box; text-align-last: auto; display: block; color: #4f4f4f; text-align: left; text-indent: 0"> </p> 0.335 0.158 0.096 0.084 0.080 0.049 0.035 0.031 0.026 0.022 0.018 0.017 0.009 0.007 0.007 0.005 0.005 0.016 <div id="xdx_806_eoef--LargestHoldingsTableTextBlock_hoef--ClassAxis__custom--C000216394Member_dU_zJqdhGv1tuec"></div> <table style="box-sizing: border-box; width: 100%; table-layout: fixed; border-collapse: collapse; line-height: normal"> <tr style="box-sizing: border-box; height: auto; line-height: normal"> <th style="border-bottom: #4f4f4f 1.4pt solid; box-sizing: border-box; line-height: normal"> <div style="font: 700 12pt Gotham Narrow-Bold,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Top Ten Holdings</span> </div> </th> <th style="border-bottom: #4f4f4f 1.4pt solid; box-sizing: border-box; line-height: normal"> <div style="font: 700 12pt Gotham Narrow-Bold,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">(% of total net assets)</span> </div> </th> </tr> <tr style="box-sizing: border-box; height: auto; line-height: normal"> <td style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box; line-height: normal"> <div style="font: bold 9pt Gotham Narrow-Medium,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">KSA Sukuk Ltd.</span> </div> </td> <td style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box; line-height: normal"> <div id="xdx_98D_eoef--PctOfNav_iI_dp_c20260531__oef--ClassAxis__custom--C000216394Member__oef--LargestHoldingAxis__custom--KSASukukLtdMember_zKV9TQoTbkQ5" style="font: 9pt Gotham Narrow-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">10.0</span> </div> </td> </tr> <tr style="box-sizing: border-box; height: auto; line-height: normal"> <td style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box; line-height: normal"> <div style="font: bold 9pt Gotham Narrow-Medium,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Perusahaan Penerbit SBSN Indonesia III</span> </div> </td> <td style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box; line-height: normal"> <div id="xdx_98C_eoef--PctOfNav_iI_dp_c20260531__oef--ClassAxis__custom--C000216394Member__oef--LargestHoldingAxis__custom--PerusahaanPenerbitSBSNIndonesiaIIIMember_zdryE1tVfE6" style="font: 9pt Gotham Narrow-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">8.8</span> </div> </td> </tr> <tr style="box-sizing: border-box; height: auto; line-height: normal"> <td style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box; line-height: normal"> <div style="font: bold 9pt Gotham Narrow-Medium,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Isdb Trust Services NO 2 SARL</span> </div> </td> <td style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box; line-height: normal"> <div id="xdx_987_eoef--PctOfNav_iI_dp_c20260531__oef--ClassAxis__custom--C000216394Member__oef--LargestHoldingAxis__custom--IsdbTrustServicesNO2SARLMember_zBu3YZyfZf5e" style="font: 9pt Gotham Narrow-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">6.8</span> </div> </td> </tr> <tr style="box-sizing: border-box; height: auto; line-height: normal"> <td style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box; line-height: normal"> <div style="font: bold 9pt Gotham Narrow-Medium,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Saudi Electricity Sukuk Programme Co.</span> </div> </td> <td style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box; line-height: normal"> <div id="xdx_98F_eoef--PctOfNav_iI_dp_c20260531__oef--ClassAxis__custom--C000216394Member__oef--LargestHoldingAxis__custom--SaudiElectricitySukukProgrammeCoMember_zWfY2WeJSvV" style="font: 9pt Gotham Narrow-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">5.3</span> </div> </td> </tr> <tr style="box-sizing: border-box; height: auto; line-height: normal"> <td style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box; line-height: normal"> <div style="font: bold 9pt Gotham Narrow-Medium,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">SA Global Sukuk Ltd.</span> </div> </td> <td style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box; line-height: normal"> <div id="xdx_98E_eoef--PctOfNav_iI_dp_c20260531__oef--ClassAxis__custom--C000216394Member__oef--LargestHoldingAxis__custom--SAGlobalSukukLtdMember_zFw66F2pSVNh" style="font: 9pt Gotham Narrow-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">4.6</span> </div> </td> </tr> <tr style="box-sizing: border-box; height: auto; line-height: normal"> <td style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box; line-height: normal"> <div style="font: bold 9pt Gotham Narrow-Medium,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Suci Second Investment Co.</span> </div> </td> <td style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box; line-height: normal"> <div id="xdx_983_eoef--PctOfNav_iI_dp_c20260531__oef--ClassAxis__custom--C000216394Member__oef--LargestHoldingAxis__custom--SuciSecondInvestmentCoMember_zO2ROGkVLMQ4" style="font: 9pt Gotham Narrow-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">4.5</span> </div> </td> </tr> <tr style="box-sizing: border-box; height: auto; line-height: normal"> <td style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box; line-height: normal"> <div style="font: bold 9pt Gotham Narrow-Medium,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Sharjah Sukuk Program Ltd.</span> </div> </td> <td style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box; line-height: normal"> <div id="xdx_980_eoef--PctOfNav_iI_dp_c20260531__oef--ClassAxis__custom--C000216394Member__oef--LargestHoldingAxis__custom--SharjahSukukProgramLtdMember_zlGksKd6wEB7" style="font: 9pt Gotham Narrow-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">3.5</span> </div> </td> </tr> <tr style="box-sizing: border-box; height: auto; line-height: normal"> <td style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box; line-height: normal"> <div style="font: bold 9pt Gotham Narrow-Medium,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">DP World Crescent Ltd.</span> </div> </td> <td style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box; line-height: normal"> <div id="xdx_989_eoef--PctOfNav_iI_dp_c20260531__oef--ClassAxis__custom--C000216394Member__oef--LargestHoldingAxis__custom--DPWorldCrescentLtdMember_zYpbn6BZ4h23" style="font: 9pt Gotham Narrow-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">2.9</span> </div> </td> </tr> <tr style="box-sizing: border-box; height: auto; line-height: normal"> <td style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box; line-height: normal"> <div style="font: bold 9pt Gotham Narrow-Medium,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">KSA Ijarah Sukuk Ltd.</span> </div> </td> <td style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box; line-height: normal"> <div id="xdx_982_eoef--PctOfNav_iI_dp_c20260531__oef--ClassAxis__custom--C000216394Member__oef--LargestHoldingAxis__custom--KSAIjarahSukukLtdMember_zlbZsh3NlIW6" style="font: 9pt Gotham Narrow-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">2.9</span> </div> </td> </tr> <tr style="box-sizing: border-box; height: auto; line-height: normal"> <td style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box; line-height: normal"> <div style="font: bold 9pt Gotham Narrow-Medium,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">SRC Sukuk Ltd.</span> </div> </td> <td style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box; line-height: normal"> <div id="xdx_988_eoef--PctOfNav_iI_dp_c20260531__oef--ClassAxis__custom--C000216394Member__oef--LargestHoldingAxis__custom--SRCSukukLtdMember_zApgOXMGt2M2" style="font: 9pt Gotham Narrow-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">2.5</span> </div> </td> </tr> </table> 0.100 0.088 0.068 0.053 0.046 0.045 0.035 0.029 0.029 0.025 SP Funds S&P 500 Sharia Industry Exclusions ETF SPUS NYSEArca This <span id="xdx_904_eoef--ShareholderReportAnnualOrSemiAnnual_c20251201__20260531__oef--ClassAxis__custom--C000216395Member_zXNKXcLKhDOi">semi-annual shareholder report</span> contains important information about the SP Funds S&amp;P 500 Sharia Industry Exclusions ETF (the "Fund") for the period December 1, 2025 to May 31, 2026. semi-annual shareholder report You can find additional information about the Fund at <span id="xdx_905_eoef--AddlInfoWebsite_c20251201__20260531__oef--ClassAxis__custom--C000216395Member_zvMKDOqEt7ug">www.sp-funds.com/spus</span>. You can also request this information by contacting us at <span id="xdx_90B_eoef--AddlInfoPhoneNumber_c20251201__20260531__oef--ClassAxis__custom--C000216395Member_zBQmPLbcwK0l">(425) 409-9500</span> or by writing SP Funds S&amp;P 500 Sharia Industry Exclusions ETF, c/o U.S. Bank Global Fund Services, P.O. Box 701, Milwaukee, Wisconsin 53201-0701. www.sp-funds.com/spus (425) 409-9500 <p id="xdx_80A_eoef--ExpensesTextBlock_hoef--ClassAxis__custom--C000216395Member_dU_z8bjssqck404" style="font: 700 11pt/1.4 Gotham Narrow-Bold,Arial; margin: -2pt 0 0; text-align-last: auto; display: block; min-height: 14.66px; align-content: center; box-sizing: border-box; color: #231f20; text-indent: 0; line-height: 11pt">What were the Fund costs for the past six months?</p> <p style="font: 10pt/1.4 Gotham Narrow-Light,Arial; margin: 0 0 2pt; text-align-last: auto; display: block; min-height: 15.29px; align-content: center; box-sizing: border-box; color: #4f4f4f; text-align: left; text-indent: 0; line-height: 11pt"><span style="box-sizing: border-box; font-size: 9pt">(based on a hypothetical $10,000 investment)</span> </p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="box-sizing: border-box; width: 100%; table-layout: auto; border-collapse: collapse; line-height: normal"> <tr style="box-sizing: border-box; height: auto; line-height: normal"> <th style="border-bottom: #4f4f4f 1.4pt solid; box-sizing: border-box; line-height: normal"> <div style="font: 700 8pt Gotham Narrow-Bold,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Fund Name</span> </div> </th> <th style="border-bottom: #4f4f4f 1.4pt solid; box-sizing: border-box; line-height: normal"> <div style="font: 700 8pt Gotham Narrow-Bold,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: center"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Costs of a $10,000 investment</span> </div> </th> <th style="border-bottom: #4f4f4f 1.4pt solid; box-sizing: border-box; line-height: normal"> <div style="font: 700 8pt Gotham Narrow-Bold,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: center"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Costs paid as a percentage of a $10,000 investment*</span> </div> </th> </tr> <tr style="box-sizing: border-box; height: auto; line-height: normal"> <td style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box; line-height: normal"> <div id="xdx_98C_eoef--FundName_c20251201__20260531__oef--ClassAxis__custom--C000216395Member_z43GC11SShQ8" style="font: 9pt Gotham Narrow-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">SP Funds S&amp;P 500 Sharia Industry Exclusions ETF</span> </div> </td> <td style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box; line-height: normal"> <div id="xdx_980_eoef--ExpensesPaidAmt_c20251201__20260531__oef--ClassAxis__custom--C000216395Member_zSxKi65hhYsk" style="font: 9pt Gotham Narrow-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: center"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">$24</span> </div> </td> <td style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box; line-height: normal"> <div id="xdx_985_eoef--ExpenseRatioPct_dp_c20251201__20260531__oef--ClassAxis__custom--C000216395Member_fKg_____z6FKmoes58nc" style="font: 9pt Gotham Narrow-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: center"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">0.45%</span> </div> </td> </tr> </table> </div> </div> </div> <table cellpadding="0" cellspacing="0" style="font: 8pt/1.4 Gotham Narrow-Light,Arial; color: #4f4f4f; margin-top: 0; margin-bottom: 6pt; width: 100%"> <tr style="vertical-align: top; text-align: justify"> <td id="xdx_F0F_zjRTi3ydIaui" style="width: 15pt; text-align: right">*</td> <td style="width: 5pt"></td> <td id="xdx_F16_zssHtf1jbdld" style="text-align: justify">Costs paid as a percentage of a $10,000 investment is an annualized figure.</td> </tr> </table> SP Funds S&P 500 Sharia Industry Exclusions ETF 24 0.0045 <p id="xdx_804_eoef--AddlFundStatisticsTextBlock_hoef--ClassAxis__custom--C000216395Member_dU_zRedBlSKvLX5" style="font: 700 13pt/1.4 Gotham Narrow-Bold,Arial; margin: 4pt 0 -4pt; text-align-last: auto; display: block; min-height: 24.26px; align-content: center; line-height: 24.26px; box-sizing: border-box; color: #231f20; text-indent: 0">Key Fund Statistics</p> <p style="font: 10pt/1.4 Gotham Narrow-Light,Arial; margin: 0 0 3pt; text-align-last: auto; display: block; min-height: 18.67px; align-content: center; line-height: 18.66px; box-sizing: border-box; color: #4f4f4f; text-align: left; text-indent: 0"><span style="box-sizing: border-box; font-size: 9pt">(as of </span><span style="box-sizing: border-box; font-size: 9pt"><span style="box-sizing: border-box">May 31, 2026</span> </span><span style="box-sizing: border-box; font-size: 9pt">)</span> </p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0; margin-bottom: 1pt"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="box-sizing: border-box; width: 100%; table-layout: fixed; border-collapse: collapse; line-height: normal"> <tr style="box-sizing: border-box; height: auto; line-height: normal"> <td style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box; line-height: normal"> <div style="font: 9pt Gotham Narrow-Medium,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Fund Size (Thousands)</span> </div> </td> <td style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box; line-height: normal"> <div id="xdx_981_eus-gaap--AssetsNet_iI_pn3n3_c20260531__oef--ClassAxis__custom--C000216395Member_z2f4E0rwuJQ8" style="font: 9pt Gotham Narrow-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">$2,723,971</span> </div> </td> </tr> <tr style="box-sizing: border-box; height: auto; line-height: normal"> <td style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box; line-height: normal"> <div style="font: 9pt Gotham Narrow-Medium,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Number of Holdings</span> </div> </td> <td style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box; line-height: normal"> <div id="xdx_98B_eoef--HoldingsCount_iI_uHoldings_c20260531__oef--ClassAxis__custom--C000216395Member_zY61TZ3MDf7g" style="font: 9pt Gotham Narrow-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">215</span> </div> </td> </tr> <tr style="box-sizing: border-box; height: auto; line-height: normal"> <td style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box; line-height: normal"> <div style="font: 9pt Gotham Narrow-Medium,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Total Advisory Fee Paid</span> </div> </td> <td style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box; line-height: normal"> <div id="xdx_98D_eoef--AdvisoryFeesPaidAmt_c20251201__20260531__oef--ClassAxis__custom--C000216395Member_zYHfhdbG4416" style="font: 9pt Gotham Narrow-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">$4,768,333</span> </div> </td> </tr> <tr style="box-sizing: border-box; height: auto; line-height: normal"> <td style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box; line-height: normal"> <div style="font: 9pt Gotham Narrow-Medium,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Portfolio Turnover Rate</span> </div> </td> <td style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box; line-height: normal"> <div id="xdx_983_eus-gaap--InvestmentCompanyPortfolioTurnover_c20251201__20260531__oef--ClassAxis__custom--C000216395Member_zdjiSrNTz7H4" style="font: 9pt Gotham Narrow-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">2%</span> </div> </td> </tr> </table> </div> </div> </div> <p style="font: 8pt/1.4 Gotham Narrow-Light,Arial; margin: 2pt 0 4pt; box-sizing: border-box; text-align-last: auto; display: block; color: #4f4f4f; text-align: left; text-indent: 0"><span style="box-sizing: border-box"></span> </p> 2723971000 215 4768333 0.02 <p id="xdx_802_eoef--HoldingsTableTextBlock_hoef--ClassAxis__custom--C000216395Member_dU_zANxKTNhVpP6" style="font: 700 18pt/1.4 Gotham Narrow-Bold,Arial; margin: 8pt 0 -4pt; text-align-last: auto; display: block; min-height: 33.6px; align-content: center; line-height: 33.6px; box-sizing: border-box; color: #231f20; text-indent: 0">What did the Fund invest in?</p> <p style="font: 10pt/1.4 Gotham Narrow-Light,Arial; margin: 0; text-align-last: auto; display: block; min-height: 18.67px; align-content: center; line-height: 18.66px; box-sizing: border-box; color: #4f4f4f; text-align: left; text-indent: 0"><span style="box-sizing: border-box; font-size: 9pt">(as of </span><span style="box-sizing: border-box; font-size: 9pt"><span style="box-sizing: border-box">May 31, 2026</span> </span><span style="box-sizing: border-box; font-size: 9pt">)</span> </p> <div style="border-right: #000 0.94pt solid; margin: 0 0 3.75pt; padding: 0 20pt 0 0; grid-column: 1 / 2; grid-row: 3 / 4; box-sizing: border-box; text-align-last: auto; width: 286pt; height: auto"> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; position: relative"> <p style="font: 700 13pt/1.4 Gotham Narrow-Bold,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; display: block; color: #231f20; text-indent: 0; line-height: 13pt"> </p> <p style="font: 700 13pt/1.4 Gotham Narrow-Bold,Arial; margin: -8pt 0 0; text-align-last: auto; display: block; min-height: 17.33px; align-content: center; box-sizing: border-box; color: #231f20; text-indent: 0; line-height: 13pt">Sector/Security Type - Investments</p> <p style="font: 10pt/1.4 Gotham Narrow-Light,Arial; margin: 0; text-align-last: auto; display: block; min-height: 17.95px; align-content: center; box-sizing: border-box; color: #4f4f4f; text-align: left; text-indent: 0; line-height: 13pt"><span style="box-sizing: border-box; font-size: 9pt">(% of total net assets)</span> </p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; display: flex; justify-content: center"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="margin: 0; padding: 0; box-sizing: border-box; width: fit-content; table-layout: fixed; border-collapse: collapse; display: none"> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">sector</div> </td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">%</div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Tech Hardware &amp; Semiconductors</div> </td> <td style="box-sizing: border-box"> <div id="xdx_98A_eoef--PctOfNav_iI_c20260531__oef--ClassAxis__custom--C000216395Member__oef--IndustrySectorAxis__custom--TechHardwareAndSemiconductorsMember_zz1HhaDU2037" style="box-sizing: border-box; text-align-last: auto">45.7%</div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Software &amp; Tech Services</div> </td> <td style="box-sizing: border-box"> <div id="xdx_98E_eoef--PctOfNav_iI_c20260531__oef--ClassAxis__custom--C000216395Member__oef--IndustrySectorAxis__custom--SoftwareAndTechServicesMember_zPEayCyYvhDj" style="box-sizing: border-box; text-align-last: auto">14.4%</div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Health Care</div> </td> <td style="box-sizing: border-box"> <div id="xdx_98A_eoef--PctOfNav_iI_c20260531__oef--ClassAxis__custom--C000216395Member__oef--IndustrySectorAxis__us-gaap--HealthcareSectorMember_znfhB7xJsPhb" style="box-sizing: border-box; text-align-last: auto">10.5%</div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Media</div> </td> <td style="box-sizing: border-box"> <div id="xdx_982_eoef--PctOfNav_iI_c20260531__oef--ClassAxis__custom--C000216395Member__oef--IndustrySectorAxis__custom--MediaMember_z0GIxgf2Q4g7" style="box-sizing: border-box; text-align-last: auto">6.9%</div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Consumer Discretionary Products</div> </td> <td style="box-sizing: border-box"> <div id="xdx_988_eoef--PctOfNav_iI_c20260531__oef--ClassAxis__custom--C000216395Member__oef--IndustrySectorAxis__oef--ConsumerDiscretionarySectorMember_zGkApzuwaIl3" style="box-sizing: border-box; text-align-last: auto">3.7%</div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Industrial Products</div> </td> <td style="box-sizing: border-box"> <div id="xdx_98C_eoef--PctOfNav_iI_c20260531__oef--ClassAxis__custom--C000216395Member__oef--IndustrySectorAxis__oef--IndustrialSectorMember_zkGMhv7MUGX1" style="box-sizing: border-box; text-align-last: auto">3.6%</div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Materials</div> </td> <td style="box-sizing: border-box"> <div id="xdx_987_eoef--PctOfNav_iI_c20260531__oef--ClassAxis__custom--C000216395Member__oef--IndustrySectorAxis__oef--MaterialsSectorMember_zHkXdCJYfIBi" style="box-sizing: border-box; text-align-last: auto">2.8%</div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Industrial Services</div> </td> <td style="box-sizing: border-box"> <div id="xdx_98D_eoef--PctOfNav_iI_c20260531__oef--ClassAxis__custom--C000216395Member__oef--IndustrySectorAxis__custom--IndustrialServicesMember_zZP9IjIVCA6l" style="box-sizing: border-box; text-align-last: auto">2.7%</div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Oil &amp; Gas</div> </td> <td style="box-sizing: border-box"> <div id="xdx_98C_eoef--PctOfNav_iI_c20260531__oef--ClassAxis__custom--C000216395Member__oef--IndustrySectorAxis__us-gaap--OilAndGasMember_z8aMFHMZGhfh" style="box-sizing: border-box; text-align-last: auto">2.7%</div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Retail &amp; Wholesale - Discretionary</div> </td> <td style="box-sizing: border-box"> <div id="xdx_98A_eoef--PctOfNav_iI_c20260531__oef--ClassAxis__custom--C000216395Member__oef--IndustrySectorAxis__custom--RetailAndWholesaleDiscretionaryMember_zxhv2rtZUuAk" style="box-sizing: border-box; text-align-last: auto">2.6%</div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Consumer Staple Products</div> </td> <td style="box-sizing: border-box"> <div id="xdx_984_eoef--PctOfNav_iI_c20260531__oef--ClassAxis__custom--C000216395Member__oef--IndustrySectorAxis__oef--ConsumerStaplesSectorMember_zhmnF6rYCTl6" style="box-sizing: border-box; text-align-last: auto">2.4%</div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Real Estate</div> </td> <td style="box-sizing: border-box"> <div id="xdx_98E_eoef--PctOfNav_iI_c20260531__oef--ClassAxis__custom--C000216395Member__oef--IndustrySectorAxis__us-gaap--RealEstateSectorMember_zUERHJZJ5e2g" style="box-sizing: border-box; text-align-last: auto">1.1%</div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Retail &amp; Wholesale - Staples</div> </td> <td style="box-sizing: border-box"> <div id="xdx_98E_eoef--PctOfNav_iI_c20260531__oef--ClassAxis__custom--C000216395Member__oef--IndustrySectorAxis__custom--RetailAndWholesaleStaplesMember_z3LF75WyJRS3" style="box-sizing: border-box; text-align-last: auto">0.3%</div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Utilities</div> </td> <td style="box-sizing: border-box"> <div id="xdx_98D_eoef--PctOfNav_iI_c20260531__oef--ClassAxis__custom--C000216395Member__oef--IndustrySectorAxis__oef--UtilitiesSectorMember_z1gztqFCjZtl" style="box-sizing: border-box; text-align-last: auto">0.2%</div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Financial Services</div> </td> <td style="box-sizing: border-box"> <div id="xdx_982_eoef--PctOfNav_iI_c20260531__oef--ClassAxis__custom--C000216395Member__oef--IndustrySectorAxis__us-gaap--FinancialServicesSectorMember_zwQM8wqqBR3k" style="box-sizing: border-box; text-align-last: auto">0.1%</div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Renewable Energy</div> </td> <td style="box-sizing: border-box"> <div id="xdx_985_eoef--PctOfNav_iI_c20260531__oef--ClassAxis__custom--C000216395Member__oef--IndustrySectorAxis__custom--RenewableEnergyMember_zn8aNJEKPgni" style="box-sizing: border-box; text-align-last: auto">0.1%</div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Cash &amp; Other</div> </td> <td style="box-sizing: border-box"> <div id="xdx_98F_eoef--PctOfNav_iI_c20260531__oef--ClassAxis__custom--C000216395Member__oef--IndustrySectorAxis__custom--CashAndOtherSectorMember_zouCGDlX127g" style="box-sizing: border-box; text-align-last: auto">0.2%</div> </td> </tr> </table> </div> </div><img alt="bar" src="qesaz3wbo1mr9h6v8z.jpg" style="box-sizing: border-box; width: 240pt; height: auto"/> </div> </div> </div> <p style="font: 8pt/1.4 Gotham Narrow-Light,Arial; margin: 0 0 4pt; box-sizing: border-box; text-align-last: auto; display: block; color: #4f4f4f; text-align: left; text-indent: 0"> </p> </div> </div> </div> <p style="font: 10pt/1.4 Gotham Narrow-Light,Arial; margin: -20pt 0 8pt; box-sizing: border-box; text-align-last: auto; display: block; color: #4f4f4f; text-align: left; text-indent: 0"> </p> 0.457 0.144 0.105 0.069 0.037 0.036 0.028 0.027 0.027 0.026 0.024 0.011 0.003 0.002 0.001 0.001 0.002 <div id="xdx_806_eoef--LargestHoldingsTableTextBlock_hoef--ClassAxis__custom--C000216395Member_dU_zeO7SmbHm9Xl"></div> <table style="box-sizing: border-box; width: 100%; table-layout: fixed; border-collapse: collapse; line-height: normal"> <tr style="box-sizing: border-box; height: auto; line-height: normal"> <th style="border-bottom: #4f4f4f 1.4pt solid; box-sizing: border-box; line-height: normal"> <div style="font: 700 12pt Gotham Narrow-Bold,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Top Ten Holdings</span> </div> </th> <th style="border-bottom: #4f4f4f 1.4pt solid; box-sizing: border-box; line-height: normal"> <div style="font: 700 12pt Gotham Narrow-Bold,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">(% of total net assets)</span> </div> </th> </tr> <tr style="box-sizing: border-box; height: auto; line-height: normal"> <td style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box; line-height: normal"> <div style="font: bold 9pt Gotham Narrow-Medium,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">NVIDIA Corp.</span> </div> </td> <td style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box; line-height: normal"> <div id="xdx_986_eoef--PctOfNav_iI_dp_c20260531__oef--ClassAxis__custom--C000216395Member__oef--LargestHoldingAxis__custom--NVIDIACorpMember_z5F21FDqZoG4" style="font: 9pt Gotham Narrow-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">13.5</span> </div> </td> </tr> <tr style="box-sizing: border-box; height: auto; line-height: normal"> <td style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box; line-height: normal"> <div style="font: bold 9pt Gotham Narrow-Medium,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Apple, Inc.</span> </div> </td> <td style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box; line-height: normal"> <div id="xdx_989_eoef--PctOfNav_iI_dp_c20260531__oef--ClassAxis__custom--C000216395Member__oef--LargestHoldingAxis__custom--AppleIncMember_zMcTw1gouz2i" style="font: 9pt Gotham Narrow-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">12.1</span> </div> </td> </tr> <tr style="box-sizing: border-box; height: auto; line-height: normal"> <td style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box; line-height: normal"> <div style="font: bold 9pt Gotham Narrow-Medium,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Microsoft Corp.</span> </div> </td> <td style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box; line-height: normal"> <div id="xdx_984_eoef--PctOfNav_iI_dp_c20260531__oef--ClassAxis__custom--C000216395Member__oef--LargestHoldingAxis__custom--MicrosoftCorpMember_zcae5HsrTwk8" style="font: 9pt Gotham Narrow-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">8.8</span> </div> </td> </tr> <tr style="box-sizing: border-box; height: auto; line-height: normal"> <td style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box; line-height: normal"> <div style="font: bold 9pt Gotham Narrow-Medium,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Alphabet, Inc. - Class A</span> </div> </td> <td style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box; line-height: normal"> <div id="xdx_98B_eoef--PctOfNav_iI_dp_c20260531__oef--ClassAxis__custom--C000216395Member__oef--LargestHoldingAxis__custom--AlphabetIncClassAMember_zvCBv0tWpPOf" style="font: 9pt Gotham Narrow-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">5.8</span> </div> </td> </tr> <tr style="box-sizing: border-box; height: auto; line-height: normal"> <td style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box; line-height: normal"> <div style="font: bold 9pt Gotham Narrow-Medium,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Broadcom, Inc.</span> </div> </td> <td style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box; line-height: normal"> <div id="xdx_983_eoef--PctOfNav_iI_dp_c20260531__oef--ClassAxis__custom--C000216395Member__oef--LargestHoldingAxis__custom--BroadcomIncMember_zaYLL2MfNdP7" style="font: 9pt Gotham Narrow-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">5.6</span> </div> </td> </tr> <tr style="box-sizing: border-box; height: auto; line-height: normal"> <td style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box; line-height: normal"> <div style="font: bold 9pt Gotham Narrow-Medium,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Tesla, Inc.</span> </div> </td> <td style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box; line-height: normal"> <div id="xdx_984_eoef--PctOfNav_iI_dp_c20260531__oef--ClassAxis__custom--C000216395Member__oef--LargestHoldingAxis__custom--TeslaIncMember_zqcNC9WwWCe3" style="font: 9pt Gotham Narrow-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">3.2</span> </div> </td> </tr> <tr style="box-sizing: border-box; height: auto; line-height: normal"> <td style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box; line-height: normal"> <div style="font: bold 9pt Gotham Narrow-Medium,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Micron Technology, Inc.</span> </div> </td> <td style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box; line-height: normal"> <div id="xdx_984_eoef--PctOfNav_iI_dp_c20260531__oef--ClassAxis__custom--C000216395Member__oef--LargestHoldingAxis__custom--MicronTechnologyIncMember_zHdKM9fRdQC6" style="font: 9pt Gotham Narrow-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">2.9</span> </div> </td> </tr> <tr style="box-sizing: border-box; height: auto; line-height: normal"> <td style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box; line-height: normal"> <div style="font: bold 9pt Gotham Narrow-Medium,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Eli Lilly &amp; Co.</span> </div> </td> <td style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box; line-height: normal"> <div id="xdx_989_eoef--PctOfNav_iI_dp_c20260531__oef--ClassAxis__custom--C000216395Member__oef--LargestHoldingAxis__custom--EliLillyAndCoMember_zYygUI0phlPc" style="font: 9pt Gotham Narrow-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">2.3</span> </div> </td> </tr> <tr style="box-sizing: border-box; height: auto; line-height: normal"> <td style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box; line-height: normal"> <div style="font: bold 9pt Gotham Narrow-Medium,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Advanced Micro Devices, Inc.</span> </div> </td> <td style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box; line-height: normal"> <div id="xdx_987_eoef--PctOfNav_iI_dp_c20260531__oef--ClassAxis__custom--C000216395Member__oef--LargestHoldingAxis__custom--AdvancedMicroDevicesIncMember_zi5GRZUl0l3l" style="font: 9pt Gotham Narrow-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">2.2</span> </div> </td> </tr> <tr style="box-sizing: border-box; height: auto; line-height: normal"> <td style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box; line-height: normal"> <div style="font: bold 9pt Gotham Narrow-Medium,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Exxon Mobil Corp.</span> </div> </td> <td style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box; line-height: normal"> <div id="xdx_98F_eoef--PctOfNav_iI_dp_c20260531__oef--ClassAxis__custom--C000216395Member__oef--LargestHoldingAxis__custom--ExxonMobilCorpMember_zZKF6IDTzpJe" style="font: 9pt Gotham Narrow-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">1.6</span> </div> </td> </tr> </table> 0.135 0.121 0.088 0.058 0.056 0.032 0.029 0.023 0.022 0.016 SP Funds S&P Global REIT Sharia ETF SPRE NYSEArca This <span id="xdx_90D_eoef--ShareholderReportAnnualOrSemiAnnual_c20251201__20260531__oef--ClassAxis__custom--C000223966Member_zlWzKg6G4D91">semi-annual shareholder report</span> contains important information about the SP Funds S&amp;P Global REIT Sharia ETF (the "Fund") for the period December 1, 2025 to May 31, 2026. semi-annual shareholder report You can find additional information about the Fund at <span id="xdx_904_eoef--AddlInfoWebsite_c20251201__20260531__oef--ClassAxis__custom--C000223966Member_zRccHB6jLVlg">www.sp-funds.com/spre</span>. You can also request this information by contacting us at <span id="xdx_900_eoef--AddlInfoPhoneNumber_c20251201__20260531__oef--ClassAxis__custom--C000223966Member_ztlsThrvjua3">(425) 409-9500</span> or by writing SP Funds S&amp;P Global REIT Sharia ETF, c/o U.S. Bank Global Fund Services, P.O. Box 701, Milwaukee, Wisconsin 53201-0701. www.sp-funds.com/spre (425) 409-9500 <p id="xdx_80A_eoef--ExpensesTextBlock_hoef--ClassAxis__custom--C000223966Member_dU_zglr3oYAzm1k" style="font: 700 11pt/1.4 Gotham Narrow-Bold,Arial; margin: -2pt 0 0; text-align-last: auto; display: block; min-height: 14.66px; align-content: center; box-sizing: border-box; color: #231f20; text-indent: 0; line-height: 11pt">What were the Fund costs for the past six months?</p> <p style="font: 10pt/1.4 Gotham Narrow-Light,Arial; margin: 0 0 2pt; text-align-last: auto; display: block; min-height: 15.29px; align-content: center; box-sizing: border-box; color: #4f4f4f; text-align: left; text-indent: 0; line-height: 11pt"><span style="box-sizing: border-box; font-size: 9pt">(based on a hypothetical $10,000 investment)</span> </p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="box-sizing: border-box; width: 100%; table-layout: auto; border-collapse: collapse; line-height: normal"> <tr style="box-sizing: border-box; height: auto; line-height: normal"> <th style="border-bottom: #4f4f4f 1.4pt solid; box-sizing: border-box; line-height: normal"> <div style="font: 700 8pt Gotham Narrow-Bold,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Fund Name</span> </div> </th> <th style="border-bottom: #4f4f4f 1.4pt solid; box-sizing: border-box; line-height: normal"> <div style="font: 700 8pt Gotham Narrow-Bold,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: center"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Costs of a $10,000 investment</span> </div> </th> <th style="border-bottom: #4f4f4f 1.4pt solid; box-sizing: border-box; line-height: normal"> <div style="font: 700 8pt Gotham Narrow-Bold,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: center"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Costs paid as a percentage of a $10,000 investment*</span> </div> </th> </tr> <tr style="box-sizing: border-box; height: auto; line-height: normal"> <td style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box; line-height: normal"> <div id="xdx_984_eoef--FundName_c20251201__20260531__oef--ClassAxis__custom--C000223966Member_zMCnDc2268x6" style="font: 9pt Gotham Narrow-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">SP Funds S&amp;P Global REIT Sharia ETF</span> </div> </td> <td style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box; line-height: normal"> <div id="xdx_987_eoef--ExpensesPaidAmt_c20251201__20260531__oef--ClassAxis__custom--C000223966Member_zsuAqE2xtCUd" style="font: 9pt Gotham Narrow-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: center"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">$26</span> </div> </td> <td style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box; line-height: normal"> <div id="xdx_98E_eoef--ExpenseRatioPct_dp_c20251201__20260531__oef--ClassAxis__custom--C000223966Member_fKg_____zyjQtuLTWBg2" style="font: 9pt Gotham Narrow-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: center"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">0.50%</span> </div> </td> </tr> </table> </div> </div> </div> <table cellpadding="0" cellspacing="0" style="font: 8pt/1.4 Gotham Narrow-Light,Arial; color: #4f4f4f; margin-top: 0; margin-bottom: 6pt; width: 100%"> <tr style="vertical-align: top; text-align: justify"> <td id="xdx_F02_zSN5mTNyosAb" style="width: 15pt; text-align: right">*</td> <td style="width: 5pt"></td> <td id="xdx_F17_zHWY1pTILIJh" style="text-align: justify">Costs paid as a percentage of a $10,000 investment is an annualized figure.</td> </tr> </table> SP Funds S&P Global REIT Sharia ETF 26 0.0050 <p id="xdx_804_eoef--AddlFundStatisticsTextBlock_hoef--ClassAxis__custom--C000223966Member_dU_zaeCt5hZ0sse" style="font: 700 13pt/1.4 Gotham Narrow-Bold,Arial; margin: 4pt 0 -4pt; text-align-last: auto; display: block; min-height: 24.26px; align-content: center; line-height: 24.26px; box-sizing: border-box; color: #231f20; text-indent: 0">Key Fund Statistics</p> <p style="font: 10pt/1.4 Gotham Narrow-Light,Arial; margin: 0 0 3pt; text-align-last: auto; display: block; min-height: 18.67px; align-content: center; line-height: 18.66px; box-sizing: border-box; color: #4f4f4f; text-align: left; text-indent: 0"><span style="box-sizing: border-box; font-size: 9pt">(as of </span><span style="box-sizing: border-box; font-size: 9pt"><span style="box-sizing: border-box">May 31, 2026</span> </span><span style="box-sizing: border-box; font-size: 9pt">)</span> </p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0; margin-bottom: 1pt"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="box-sizing: border-box; width: 100%; table-layout: fixed; border-collapse: collapse; line-height: normal"> <tr style="box-sizing: border-box; height: auto; line-height: normal"> <td style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box; line-height: normal"> <div style="font: 9pt Gotham Narrow-Medium,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Fund Size (Thousands)</span> </div> </td> <td style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box; line-height: normal"> <div id="xdx_986_eus-gaap--AssetsNet_iI_pn3n3_c20260531__oef--ClassAxis__custom--C000223966Member_z0j7sl3fxdNd" style="font: 9pt Gotham Narrow-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">$203,354</span> </div> </td> </tr> <tr style="box-sizing: border-box; height: auto; line-height: normal"> <td style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box; line-height: normal"> <div style="font: 9pt Gotham Narrow-Medium,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Number of Holdings</span> </div> </td> <td style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box; line-height: normal"> <div id="xdx_989_eoef--HoldingsCount_iI_uHoldings_c20260531__oef--ClassAxis__custom--C000223966Member_zQFSYJleCXah" style="font: 9pt Gotham Narrow-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">26</span> </div> </td> </tr> <tr style="box-sizing: border-box; height: auto; line-height: normal"> <td style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box; line-height: normal"> <div style="font: 9pt Gotham Narrow-Medium,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Total Advisory Fee Paid</span> </div> </td> <td style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box; line-height: normal"> <div id="xdx_983_eoef--AdvisoryFeesPaidAmt_c20251201__20260531__oef--ClassAxis__custom--C000223966Member_zQOaf0l6hqo1" style="font: 9pt Gotham Narrow-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">$496,189</span> </div> </td> </tr> <tr style="box-sizing: border-box; height: auto; line-height: normal"> <td style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box; line-height: normal"> <div style="font: 9pt Gotham Narrow-Medium,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Portfolio Turnover Rate</span> </div> </td> <td style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box; line-height: normal"> <div id="xdx_986_eus-gaap--InvestmentCompanyPortfolioTurnover_c20251201__20260531__oef--ClassAxis__custom--C000223966Member_zp5VxxtxxIpa" style="font: 9pt Gotham Narrow-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">27%</span> </div> </td> </tr> </table> </div> </div> </div> <p style="font: 8pt/1.4 Gotham Narrow-Light,Arial; margin: 2pt 0 4pt; box-sizing: border-box; text-align-last: auto; display: block; color: #4f4f4f; text-align: left; text-indent: 0"><span style="box-sizing: border-box"></span> </p> 203354000 26 496189 0.27 <p id="xdx_800_eoef--HoldingsTableTextBlock_hoef--ClassAxis__custom--C000223966Member_dU_zIobwRe9fJ23" style="font: 700 18pt/1.4 Gotham Narrow-Bold,Arial; margin: 8pt 0 -4pt; text-align-last: auto; display: block; min-height: 33.6px; align-content: center; line-height: 33.6px; box-sizing: border-box; color: #231f20; text-indent: 0">What did the Fund invest in?</p> <p style="font: 10pt/1.4 Gotham Narrow-Light,Arial; margin: 0; text-align-last: auto; display: block; min-height: 18.67px; align-content: center; line-height: 18.66px; box-sizing: border-box; color: #4f4f4f; text-align: left; text-indent: 0"><span style="box-sizing: border-box; font-size: 9pt">(as of </span><span style="box-sizing: border-box; font-size: 9pt"><span style="box-sizing: border-box">May 31, 2026</span> </span><span style="box-sizing: border-box; font-size: 9pt">)</span> </p> <div style="border-right: #000 0.94pt solid; margin: 0 0 3.75pt; padding: 0 20pt 0 0; grid-column: 1 / 2; grid-row: 3 / 4; box-sizing: border-box; text-align-last: auto; width: 286pt; height: auto"> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; position: relative"> <p style="font: 700 13pt/1.4 Gotham Narrow-Bold,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; display: block; color: #231f20; text-indent: 0; line-height: 13pt"> </p> <p style="font: 700 13pt/1.4 Gotham Narrow-Bold,Arial; margin: -8pt 0 0; text-align-last: auto; display: block; min-height: 17.33px; align-content: center; box-sizing: border-box; color: #231f20; text-indent: 0; line-height: 13pt">Sector/Security Type - Investments</p> <p style="font: 10pt/1.4 Gotham Narrow-Light,Arial; margin: 0; text-align-last: auto; display: block; min-height: 17.95px; align-content: center; box-sizing: border-box; color: #4f4f4f; text-align: left; text-indent: 0; line-height: 13pt"><span style="box-sizing: border-box; font-size: 9pt">(% of total net assets)</span> </p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; display: flex; justify-content: center"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="margin: 0; padding: 0; box-sizing: border-box; width: fit-content; table-layout: fixed; border-collapse: collapse; display: none"> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">sector</div> </td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">%</div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Real Estate</div> </td> <td style="box-sizing: border-box"> <div id="xdx_98A_eoef--PctOfNav_iI_c20260531__oef--ClassAxis__custom--C000223966Member__oef--IndustrySectorAxis__us-gaap--RealEstateSectorMember_zmstoLS6lEej" style="box-sizing: border-box; text-align-last: auto">99.1%</div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Financial Services</div> </td> <td style="box-sizing: border-box"> <div id="xdx_980_eoef--PctOfNav_iI_c20260531__oef--ClassAxis__custom--C000223966Member__oef--IndustrySectorAxis__us-gaap--FinancialServicesSectorMember_z6oKQlQ7IxS4" style="box-sizing: border-box; text-align-last: auto">0.0%</div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Cash &amp; Other</div> </td> <td style="box-sizing: border-box"> <div id="xdx_987_eoef--PctOfNav_iI_c20260531__oef--ClassAxis__custom--C000223966Member__oef--IndustrySectorAxis__custom--CashAndOtherSectorMember_zVIZRQIJ9Vkf" style="box-sizing: border-box; text-align-last: auto">0.9%</div> </td> </tr> </table> </div> </div><img alt="bar" src="qes5lbh1mr9b5lhu.jpg" style="box-sizing: border-box; width: 240pt; height: auto"/> </div> </div> </div> <p style="font: 8pt/1.4 Gotham Narrow-Light,Arial; margin: 0 0 4pt; box-sizing: border-box; text-align-last: auto; display: block; color: #4f4f4f; text-align: left; text-indent: 0"> </p> </div> </div> </div> <p style="font: 10pt/1.4 Gotham Narrow-Light,Arial; margin: -20pt 0 8pt; box-sizing: border-box; text-align-last: auto; display: block; color: #4f4f4f; text-align: left; text-indent: 0"> </p> 0.991 0.000 0.009 <div id="xdx_806_eoef--LargestHoldingsTableTextBlock_hoef--ClassAxis__custom--C000223966Member_dU_zenJKPoMVibc" style="box-sizing: border-box; text-align-last: auto"> <table style="box-sizing: border-box; width: 100%; table-layout: fixed; border-collapse: collapse; line-height: normal"> <tr style="box-sizing: border-box; height: auto; line-height: normal"> <th style="border-bottom: #4f4f4f 1.4pt solid; box-sizing: border-box; line-height: normal"> <div style="font: 700 12pt Gotham Narrow-Bold,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Top Ten Holdings</span> </div> </th> <th style="border-bottom: #4f4f4f 1.4pt solid; box-sizing: border-box; line-height: normal"> <div style="font: 700 12pt Gotham Narrow-Bold,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">(% of total net assets)</span> </div> </th> </tr> <tr style="box-sizing: border-box; height: auto; line-height: normal"> <td style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box; line-height: normal"> <div style="font: bold 9pt Gotham Narrow-Medium,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Goodman Group - REIT</span> </div> </td> <td style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box; line-height: normal"> <div id="xdx_98F_eoef--PctOfNav_iI_dp_c20260531__oef--ClassAxis__custom--C000223966Member__oef--LargestHoldingAxis__custom--GoodmanGroupREITMember_z1aj9Eli1vd2" style="font: 9pt Gotham Narrow-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">12.7</span> </div> </td> </tr> <tr style="box-sizing: border-box; height: auto; line-height: normal"> <td style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box; line-height: normal"> <div style="font: bold 9pt Gotham Narrow-Medium,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Prologis, Inc. - REIT</span> </div> </td> <td style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box; line-height: normal"> <div id="xdx_988_eoef--PctOfNav_iI_dp_c20260531__oef--ClassAxis__custom--C000223966Member__oef--LargestHoldingAxis__custom--PrologisIncREITMember_zMA61Alp9B53" style="font: 9pt Gotham Narrow-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">12.4</span> </div> </td> </tr> <tr style="box-sizing: border-box; height: auto; line-height: normal"> <td style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box; line-height: normal"> <div style="font: bold 9pt Gotham Narrow-Medium,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Equinix, Inc. - REIT</span> </div> </td> <td style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box; line-height: normal"> <div id="xdx_98F_eoef--PctOfNav_iI_dp_c20260531__oef--ClassAxis__custom--C000223966Member__oef--LargestHoldingAxis__custom--EquinixIncREITMember_zxhrGdirn87h" style="font: 9pt Gotham Narrow-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">12.1</span> </div> </td> </tr> <tr style="box-sizing: border-box; height: auto; line-height: normal"> <td style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box; line-height: normal"> <div style="font: bold 9pt Gotham Narrow-Medium,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Welltower, Inc. - REIT</span> </div> </td> <td style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box; line-height: normal"> <div id="xdx_982_eoef--PctOfNav_iI_dp_c20260531__oef--ClassAxis__custom--C000223966Member__oef--LargestHoldingAxis__custom--WelltowerIncREITMember_ztZAe4GGLNSj" style="font: 9pt Gotham Narrow-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">11.7</span> </div> </td> </tr> <tr style="box-sizing: border-box; height: auto; line-height: normal"> <td style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box; line-height: normal"> <div style="font: bold 9pt Gotham Narrow-Medium,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Charter Hall Group</span> </div> </td> <td style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box; line-height: normal"> <div id="xdx_984_eoef--PctOfNav_iI_dp_c20260531__oef--ClassAxis__custom--C000223966Member__oef--LargestHoldingAxis__custom--CharterHallGroupMember_z6gq6N3ySgJg" style="font: 9pt Gotham Narrow-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">5.1</span> </div> </td> </tr> <tr style="box-sizing: border-box; height: auto; line-height: normal"> <td style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box; line-height: normal"> <div style="font: bold 9pt Gotham Narrow-Medium,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Mid-America Apartment Communities, Inc. - REIT</span> </div> </td> <td style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box; line-height: normal"> <div id="xdx_988_eoef--PctOfNav_iI_dp_c20260531__oef--ClassAxis__custom--C000223966Member__oef--LargestHoldingAxis__custom--MidAmericaApartmentCommunitiesIncREITMember_zNn2gMVdC7pc" style="font: 9pt Gotham Narrow-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">4.9</span> </div> </td> </tr> <tr style="box-sizing: border-box; height: auto; line-height: normal"> <td style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box; line-height: normal"> <div style="font: bold 9pt Gotham Narrow-Medium,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Sun Communities, Inc. - REIT</span> </div> </td> <td style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box; line-height: normal"> <div id="xdx_980_eoef--PctOfNav_iI_dp_c20260531__oef--ClassAxis__custom--C000223966Member__oef--LargestHoldingAxis__custom--SunCommunitiesIncREITMember_z2NPx8seBzNi" style="font: 9pt Gotham Narrow-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">4.9</span> </div> </td> </tr> <tr style="box-sizing: border-box; height: auto; line-height: normal"> <td style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box; line-height: normal"> <div style="font: bold 9pt Gotham Narrow-Medium,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">EastGroup Properties, Inc. - REIT</span> </div> </td> <td style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box; line-height: normal"> <div id="xdx_983_eoef--PctOfNav_iI_dp_c20260531__oef--ClassAxis__custom--C000223966Member__oef--LargestHoldingAxis__custom--EastGroupPropertiesIncREITMember_zxLwziN2em03" style="font: 9pt Gotham Narrow-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">4.9</span> </div> </td> </tr> <tr style="box-sizing: border-box; height: auto; line-height: normal"> <td style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box; line-height: normal"> <div style="font: bold 9pt Gotham Narrow-Medium,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Terreno Realty Corp. - REIT</span> </div> </td> <td style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box; line-height: normal"> <div id="xdx_984_eoef--PctOfNav_iI_dp_c20260531__oef--ClassAxis__custom--C000223966Member__oef--LargestHoldingAxis__custom--TerrenoRealtyCorpREITMember_zmVZAc7XVOra" style="font: 9pt Gotham Narrow-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">4.8</span> </div> </td> </tr> <tr style="box-sizing: border-box; height: auto; line-height: normal"> <td style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box; line-height: normal"> <div style="font: bold 9pt Gotham Narrow-Medium,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Weyerhaeuser Co. - REIT</span> </div> </td> <td style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box; line-height: normal"> <div id="xdx_98A_eoef--PctOfNav_iI_dp_c20260531__oef--ClassAxis__custom--C000223966Member__oef--LargestHoldingAxis__custom--WeyerhaeuserCoREITMember_z3E4aPs7nqJ2" style="font: 9pt Gotham Narrow-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">4.8</span> </div> </td> </tr> </table> </div> 0.127 0.124 0.121 0.117 0.051 0.049 0.049 0.049 0.048 0.048 Costs paid as a percentage of a $10,000 investment is an annualized figure. Costs paid as a percentage of a $10,000 investment is an annualized figure. Costs paid as a percentage of a $10,000 investment is an annualized figure.